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9001  Economy / Economics / Re: Why people are still buying BTC? on: June 11, 2013, 07:21:23 AM
Because the concept of an email-able store of value that outperforms gold and has no counter-party risk and is mostly anonymous and the entire history of transactions is public and transparent and storage takes up zero physical space are all... revolutionary?  Never been done before?

...

NAH, OP is totally right --  completely useless!!!   Grin  Cheesy Cheesy Cheesy

It's one of the few ways to combat Paypal and Google Wallets too! Both of those are buyer-based and if someone gets mad at you and does a chargeback you not only lose your item and your money, but they will also charge you extra for the chargeback (it's like $30 for Google and 25 for Paypal).
9002  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DGC] DigitalCoin.Co | Instant | Stable | Reliable | Usable for Purchases on: June 11, 2013, 07:19:38 AM
If you believe in the coin, then organize.  It takes a village to raise a child, as is true with a coin these interesting days.  Those that have the time and capacity, step up and support your interests.  Raise this.

I agree! It's the community (and their effect on the outsiders/boosting the community) that determines whether coins will succeed or fail, and by how much.
9003  Bitcoin / Bitcoin Discussion / Re: Forget mBTC. Use Satoshis. on: June 11, 2013, 07:17:56 AM
Very large numbers are just as annoying to work with as very small ones.

The OP points out that the JPY for example has a low valued base unit and this results in "large" prices.  Well 1 JPY is worth about $0.01 not $0.000001.

mBTC is large enough to result in small units without excessive decimal places.

i.e.
0.0004 BTC = annoying
40,000 satoshis = annoying
4 mBTC = just right


Agree 100%. And at least for USD conversions it's much simpler to do as well. I hate when people say "100 satoshis" and you have to sit around trying to convert that (I have to do it first to mBTC and then to USD).
9004  Bitcoin / Development & Technical Discussion / Re: A universal bitcoin merchant directory is needed.... (i.e. "YP" for Bitcoins) on: June 11, 2013, 07:15:27 AM
our goal is to reach what you describe above... http://usebitcoins.info

What is needed is a decentralized directory.. centralized is not sustainable in my opinion.

Have you thought about creating an open RPC API to your directory so that other directory sites can submit new businesses and also retrieve new businesses from your directory?


If it were decentralized, how would it be moderated to keep scams out?
9005  Other / Beginners & Help / Re: I withdrew my BTCs from my MtGox account (May 24), but still not in blockchain on: June 11, 2013, 07:14:11 AM
This isn't a good sign. Waiting that long for a response is a bit ridiculous. I get that they're going through issues but that's just bad customer support.
9006  Other / Beginners & Help / Re: New place to buy physical goods with Bitcoins... on: June 11, 2013, 07:11:17 AM
Although I ultimately want to talk about this in the marketplace section, since I'm a newbie I'll get the ball rolling on here...

I'm just getting ready to integrate Bitcoin support into my company, which is a large consignment business... Think BitCoinStore.com, but instead of new goods, and primarily electronics, it's everything and they're used.  The upside of used is that you can get a much better deal than you normally would buying new, and you can get things that traditionally would be harder to get.

We're really open to figuring out how to best integrate things, and hoping to get some good feedback and suggestions from the Bitcoin community at large.  We've actually had people inquire about freighted things like couches overseas in the past, so we're not just talking about selling some cups or a toaster.

Any thoughts?


What you're looking to do is just set up something like bitmit.net? Not against that, but you need to bring something new to the table. What is going to set you apart?
9007  Economy / Scam Accusations / Re: Scam: OnionWallet on: June 11, 2013, 07:09:56 AM
Onionwallet (Onion wallet) is a SCAM.  Prior to using the Onionwallet site, I could not find any reviews on the site.  Well, I was just robbed for about $165 from that site.  Here is how it went down...beware and don't make the same mistake I did.

1.  I deposited <1 BTC into 2 different accounts
2.  I received a message that my BTC transfer was being processed (correct amount shown)
3.  After 45 minutes, the BTC was simultaneously taken out of both accounts
4.  The BTC, according to blockchain, was placed into 1NRMGqPYXwPoAGHiPAMzBgkqCcmgms3hjH       
        reference:  http://blockchain.info/address/1NRMGqPYXwPoAGHiPAMzBgkqCcmgms3hjH
5.  I am no longer able to log in to either account, as the site is a scam itself.

What is the tell tale sign is that the OnionWallet site will allow me to create a new account and log into that account; however, I cannot log into the accounts that I deposited in.  After feeling something was fishy, I used blockchain.info to figure out exactly where the BTC went and that my accounts in OnionWallet are empty.  My password is abstract, and I take good care to maintain its confidentiality.

Are there many scam wallet sites out there like Onionwallet?  I researched OnionWallet before I deposited, but there was no one saying that it was a scam.  One look at the blockchain 1NRMGqPYXwPoAGHiPAMzBgkqCcmgms3hjH let's me know that this guy has been scamming quite a bit.

Sad for sure....Anyone have any suggestions on a trustworthy, anonymous wallet site out there?


Sucks that this happened! I always do a lot of research and speak to people before I send anything, although I get that someone has to be "the first." Sad
9008  Other / Beginners & Help / Re: WIN FREE BTC - LIFT's Bitcoin Lottery 2.0 - we need your feedback on: June 11, 2013, 06:59:18 AM
I just tried the site before I found this thread and it is pretty simple to understand.  I got 100 satoshis and 1 raffle ticket.  I didn't get my ID # but the site looks good and seems to be working fine all the best with the site I look forward too using it alot more in the future.
After you get your reward, look just below where it tells what you got and you'll see your ID. I think you have to click "more info" right below your total ticket/pending rewards.
9009  Alternate cryptocurrencies / Altcoin Discussion / Re: FeatherCoin - Maker of riches, or doomed - Poll - on: June 11, 2013, 06:57:42 AM
To put it kindly, there is a lack of genuine incentive to go with FTC over LTC ...

The US Dollar and the Chilean Peso are both ink on paper. So one might say the US Dollar lacks some "genuine incentive". Yet the US Dollar is "worth" so much more than the Peso.

Reason is the US Dollar is backed by a strong community (and aircraft carriers and ground forces Wink ).

True, Feathercoin has (technically!) a lot in common with Litecoin. Like the US Dollar has the ink and paper in common with most other currencies.
Difference is: Feathercoin has a very strong community that is determined to make this coin a success story. I don't see this in the Litecoin community.


Definitely true, although Litecoin is seen as the "go-to" altcoin still.
9010  Other / Beginners & Help / Re: Earning Bitcoins on: June 11, 2013, 06:55:58 AM
I'm still trying to find the best way to earn my first bitcoin also..it's so hard and im so broke!

Use the faucet rotator, :p. (BTC Faucet Rotator/Timer)
9011  Other / Off-topic / Re: Can someone explain to me the concept of credit/hours on: June 11, 2013, 06:54:48 AM
I knew it related to the classes themselves, but I thought each school chose how long the classes must be. The way I see it, if you can learn something in 30m instead of 3 hours, there's no reason to be forced to stick around the other 2.5 hours!

In practice there's variance here, but it comes from the instructors. In the eyes of the University Registrar's office 1 credit hour always equals 50 minutes of classroom contact time. A 3 credit hour class doesn't necessarily mean it meets for 3 hours at a time, many classes meet multiple times a week. At the graduate level though classes that meet once a week for the full duration are very common (this is how most of my grad classes were).

Got ya. Thanks for the clarification!
9012  Bitcoin / Project Development / Re: Another Free Biz Idea: A P2P Facebook replacement with Bitcoin Ads on: June 11, 2013, 06:26:48 AM
I'm a little lost as to how the users get all the ad revenue. And if that's how it works, how is development and such sustained with no income?
Commons area ad space.

If the page was created by a user, ads go to that user.
If the page wasn't, then the bitcoin address of the development team gets it.


Ahh, interesting... I'd love to join someone/some people in a project with this. While my coding ability is somewhat limited I do feel I could be a great asset.
9013  Other / Meta / Re: why dont the moderators care ? on: June 11, 2013, 06:24:53 AM
I feel that the moderators are trying to give as much freedom as possible in the forums.   It is a good thing just that we need to exercise more self control and report only the worst abusers.

I completely agree. It's sad that people always abuse the freedom and then wonder why the freedom is being taken away.
9014  Bitcoin / Project Development / Re: Another Free Biz Idea: A P2P Facebook replacement with Bitcoin Ads on: June 11, 2013, 06:20:59 AM
We'll straight-up bribe them to use it... Another edge.
lol, wonder how that would work.
I can do a lot of marketing...
It's pretty simple, on all levels (word of mouth, ad banners, viral videos, whatever format) we just convey the message that there is a completely private alternative to facebook now that pays 'YOU' all the money that was going to facebook before!

"Why let Zuck get rich off of those ads beside YOUR content while sharing all of your private details with the feds? With Program X, YOU get 100% of the ad revenue generated from your content, Forever!"

Or did you mean how would the mechanics of it work? Well like facebook there'd be a self-service ad platform for advertisers to buy impressions at, but instead of facebook selling them, each individual user has, in their profile, an ad preferences sub-profile that matches up to the advertiser's needs. (And where they put their bitcoin address for payment.)

...And unlike facebook, there would be no one seeing those preferences, because that kind of info would be stored per user on Mega, only seen by the user, ever. (But meta-viewed by the advertisers, of course.)



I'm a little lost as to how the users get all the ad revenue. And if that's how it works, how is development and such sustained with no income?
9015  Other / Beginners & Help / Re: New US-based ASIC Bitcoin Mining Hardware Manufacturer - ASIC Technologies on: June 11, 2013, 06:19:43 AM
I want to hear more about prospect shipping dates. Too many companies are doing preorders and based on past performance it's becoming more of a liability than anything.
9016  Other / Off-topic / Re: Can someone explain to me the concept of credit/hours on: June 11, 2013, 06:05:46 AM
I think most Masters are 48 Semester hours.   At least in the university I am teaching.   For us each module is about 3 Semester hours.  If you take your time and study leisurely, there should be additional fees for each year that you delay.  But that is again depending on the university.

I'm almost positive the degree determines how many credits it takes.

The best thing to do, OP, is to call the school and ask for more information. They can help.
9017  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][MultiCoin][Stratum+GW] multipool.in - Always mine the most profitable coin on: June 11, 2013, 06:03:01 AM
Just noticed you implemented auto-switching/multiport. I've struggled on the technical side of re-routing miner traffic to specific pool clients for many hours (didn't help I was trying to do it in Ruby since I know zero Python). Now that you've got it working, I can forget that idea and use your service exclusively. Well done, worth donating for!

Just one question: what are you basing profitability on? Adjusted-for-stales like on coinchoose?

OK, 2 questions: Any plans to take it 1 step further and auto-convert all coin payouts to BTC (via trade APIs)? That would let miners be assured of actually taking advantage of the high profitability, not having to sell later risking a lower price. It could be an optional account setting, and would probably necessitate some fee to cover expenses/risks.

Both of these were answered previously:

1) Yes, stales are adjusted for (I brought up the 15% I get on some coins and he said it's dealt with already)

2) No plans for auto converting to BTC

Thanks, too many pages up in here Smiley

No problem!
9018  Economy / Speculation / Re: price will pop back up to $120 monday morning on: June 11, 2013, 06:02:32 AM
Are you guys (johnblaze, etc) nuts or just 12 years old?

12 year olds have nuts too...
9019  Other / Off-topic / Re: Can someone explain to me the concept of credit/hours on: June 11, 2013, 06:01:35 AM
Credit hours are a regulatory construct schools adhere to for billing purposes. Each one is supposed to be equivalent to 50 minutes of classroom time per week per credit hour.

TIL each credit is equal to about 50m a week. Oddly enough I did not know that, but looking at my previous schedule, it correlates! Wow, lol.

It's what the US Department of Education makes schools use for compliance with financial aid rules so it is pretty much universal in the US.

I knew it related to the classes themselves, but I thought each school chose how long the classes must be. The way I see it, if you can learn something in 30m instead of 3 hours, there's no reason to be forced to stick around the other 2.5 hours!
9020  Bitcoin / Project Development / Re: Another Free Biz Idea: A P2P Facebook replacement with Bitcoin Ads on: June 11, 2013, 05:51:33 AM
If you've tried explaining things like Bitcoin to "normal" people (not too technical) you've probably noticed how hard it is to get people to try something out.
I think you're overlooking the greed factor though... Instead of Billions of dollars of ad revenue going to facebook, it would then be going to the users.

We'll straight-up bribe them to use it... Another edge.

lol, wonder how that would work.

I can do a lot of marketing...
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