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couple of things I noticed with masterxchange
-super high fees -6 hour withdrawal times -they sell your msc to pay for withdrawal fees instead of just using the btc balance -they send payments without miners fee -cant cancel pending withdrawals
I will be doing direct trades instead now. I do not recommend masterxchange until they change their fees.
PM me if your looking to buy MSC
What's your price for MSC?
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right now, yes, at least that's what they said. Log into your account if you have one and see if you can view it...
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There might be some shares left, I've asked Adeel to figure that out. There were some outstanding requests that were made while he was in the hospital, but some haven't paid, so he has to get confirmations in order to know exactly what's available without overpromising. The price is not 1.15btc, the price is approximately $7,000 / 54 shares which is about $130 per share, so whatever that equates to for the dollar to BTC exchange rate when the purchase is made using the BitPay exchange rate https://bitpay.com/bitcoin-exchange-rates because that's what KnC uses to process the payment. At this point right now for example ($110/BTC) that would be 1.18 per share. Do you know when he will do the conversion and refund the differences? No I don't. But bear in mind that I was using the current BitPay price quote just as an example, but realistically most/all of these units were purchased many weeks ago as noted in his earlier replies, so despite the fact that BTC has risen in the last week or two, the previous exchange rates prior to the last 1-2 weeks unfortunately was lower. I made my two purchases when bitcoin was hovering around the $80 mark and essentially lost 1-2k because of it :/ and that will likely be the same for anyone else who bought at that time. A current BitPay exchange quote would only really matter for any remaining shares that are currently not paid for, as one bitcoin now is worth more than one from several weeks ago.
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There might be some shares left, I've asked Adeel to figure that out. There were some outstanding requests that were made while he was in the hospital, but some haven't paid, so he has to get confirmations in order to know exactly what's available without overpromising. The price is not 1.15btc, the price is approximately $7,000 / 54 shares which is about $130 per share, so whatever that equates to for the dollar to BTC exchange rate when the purchase is made using the BitPay exchange rate https://bitpay.com/bitcoin-exchange-rates because that's what KnC uses to process the payment. At this point right now for example ($110/BTC) that would be 1.18 per share.
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Guys, the first batch of units that Adeel put in orders for were 5 weeks ago or more, including the two that I purchased. I asked KnC about them and they're in the group that will be shipping at the end of Sept. or early October which is nearly the best you can ask for because everything depends on KnC delivering as planned. I'm also in talks with Adeel and he has a medical issue right now which is why he isn't able to be responding on here recently. This isn't a bust, just be patient. The option remains the same. If you want a share of a KnC Jupiter unit, this is one of the few last organized group buys that can still give you that chance. Everybody keeps speculating about ROI, but no one knows what will happen regarding that. As everyone says including the core developers for bitcoin, don't invest more than you are willing to lose. If you think this is a bust, it's not. If you think this is a risky investment, that's a decision you must make for yourself and stop whining about it. It is what it is.
Whatever the case, if BTC is $300 six months from now, good luck turning back time to purchase a few shares...
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hi adeel, good day, i'm interested to buy 3 shares here. (1.15x3) = 3.9 btc for approx (5.7x3) = 17.1 ghash/s mining power. i'm not using bitcoin client so i can't sign my message. can i just send the tx id number, the sending address and the payout address?
thanks
You can start a new wallet on block chain for free https://blockchain.info/wallet/ and it will let you sign for payments using that wallet. But, understand that the title to this thread was made back when BTC was over $100 so 3.9 BTC doesn't cover three shares anymore. Adeel updated the cost per share info when BTC started taking a dump... basically the Jupiter unit is $7,000 and each share is 1/54th the cost of the unit which is roughly $130 USD. Now that BTC is just below $70, it's closer to 1.9 BTC per share. I've already bought two units, and the payout will still cover itself in time, it will just take longer due to the drop in BTC value. But then again, that's assuming the value stays this low (or lower), and no one can say where the price will be in 6 months or a year. If you buy a few shares now, and in 10 months BTC is back up to $200, you'll be a happy man.
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I think it was a working team within NSA. I have not seen any evidence it was an NSA project. Where is this secret"Operation Satoshi" document? And when would Snowden have had time to release this in the last 2 days or so?
Can someone fill me in?
The Sharpened Sticks is a satirical website, check out their "about" page: http://www.sharpenedsticks.com/about-sharpened-sticks/
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Thanks freedomno1, I'll check them out...
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I'm a little new to the shares world, can I get this explained to me like a 5-year-old? Sorry for the inconvenience but I would like to buy in if it's a good option, but I'm not sure where to start. I love bitcoin and support everything it stands for, but if it doesn't start to become a little more easy to understand and handle, then that will only slow it down for mainstream adoption. Although I'm not a genius, I'm also not an idiot, and the learning curve here for the non-economic and non-techy types like myself is tremendous...
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cool deal, I'll tune in, thanks
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Can we get any news or updates coming out of the BTCLondon event? Links to videos, new sites, info etc.
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I think people in positions like his are hesitant to say something directly in support of bitcoin, so if they are supportive, then they kind of have to keep it a little vague so that they don't get attacked by all the people we're so used to being attacked by. Until of course it becomes mainstream, and then they'll say they were there all along...
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If someone is late to the mining game, it doesn't mean the concept of a digital currency is a lost cause, it just means that they lost their chance to be among the early adopters who got the highest return on their investment. Bitcoin is an idea, and a new medium of exchange bypassing the negative ROI that is fiat currency. Losing interest in bitcoin because the ability to mine for yourself is becoming less profitable, is like saying that people wouldn't use or invest in gold because they lost their chance to start a gold mining company. Not to mention the fact that if it does increase in popularity and make its own niche into mainstream usage, then some of the predictions of increase in value (that are fairly well researched and thought out such as this for example http://www.youtube.com/watch?v=K7LQu-eIOO0) it would still give people who are buying and using them now, quite a good ROI in the long run, even if the true value 5 years from now falls well short of some of these predictions...
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ahhh, cool deal, I was hoping to see some video from this conference, thank you!
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It would be fucked up to seriously invest in bitcoins
why? sure it has no guarantee and many obstacles to overcome if it wants longevity and adoption by more users (and governments) but nothing has a guarantee, as gold/silver is proving right now. I bought silver at $40/ounce three years ago when it was "the sure bet" and now I have less than half of my wealth. And I did that as a way to find a safe haven for a 12k investment that was salvaged from a failing IRA that had an original investment of 14k... The majority of BTC investors bought BTC below its current price, and of all the options on the table, its appreciation since its inception and or any time prior to 6 months ago has outpaced all other options...
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I'm using coinbase to get BTC and that takes time. I would be getting a whole system, but I'm worried at this point I'd be far too late since I wasn't apart of the initial buying period. [/quote] Funeral, there are large quantity sellers exchanging privately like this for example https://bitcointalk.org/index.php?topic=242722.msg2579569#msg2579569
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