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Congratulations to Charlie and the rest of the BitInstant Team! If you've never used BitInstant, you should give it shot. It is, by far, the easiest and fastest way to convert cash to coins. Go BitInstant!
Also, for those in the US who may not be aware... you don't have to physically go to one of their participating locations if you have an account with one of the 4 banks they support. If you have a Chase account, you can make your deposit online by initiating a funds transfer from your account to the account # listed on the invoice. Same for BOA, Wells Fargo, and Citi.
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Any negative lawsuit you bring on will only be negative for Bitcoin, you will be hurting everyone here including yourself and it will likely not get you any money.
I disagree, Yankee. As the saying goes, "There is no such thing as bad publicity except your own obituary."  |
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Best post of the thread goes to copumpkin... I can't wait to see what happens next!  |
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Bitcoins are not recognized by the US as a currency or commodity, so there are no governmental laws regulating trade. This is complete nonsense. The US recognizes Bitcoins as "stored value", and even if it hadn't yet, you could be sure it's something, and everything is regulated/taxable. I think you misunderstood what I meant. There is no governmental regulation of Bitcoin trading, unlike other currency trading. The regulation doesn't happen until the Bitcoins are converted to fiat currency. |
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Congratulations on winning this exciting, if not bizarre, raffle! Go forth and mine some coinage  |
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More along the lines of you making money off that misery and tossing slush a piece of it, I fail to see where you are offering to help anyone without first getting yours. So it is a toss up in the deplorable advertising department here.
That's a really cynical and uninformed opinion. BitVPS is small company providing excellent service at a minimal cost. With these donation-driven sign-ups, I imagine that RG's probably just about at-cost on the services provided. He's trying to a good thing using the vehicle he's already got in place, and it's not very fair of you to insinuate that this is a money-making scheme. Also, he provided a direct Bitcoin address for people to donate without purchasing BitVPS service. Don't be such a troll. |
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Wow, looks like the draco49 guy has become the channel loudmouth since I left.  Hey! That's not true! Well, maybe a little... |
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There was a lot of fraud going on with GLBSE before Nefario took over and it was at risk of dying due to outrage, bad press, and consequential disuse.
Fifty John Does' "ScamAsset" is not a stock market, it's a medium of scamming. If someone wants to try the old way against Nefario's way, it'd be interesting to see which one the market favors. As is, creating an asset on GLBSE is a huge investment of time and effort.
You are right, creating an asset on GLBSE is a huge personal investment... in this case, smickles put in all the time and effort, not to mention the BTC he's got tied up in it. And now because Nefario thinks there's a "risk of fraud" (not actual fraud, but a RISK for it), he freezes smickles' account and holds his funds hostage until smickles jumps through a dozen fiery hoops? Complete bullshit. |
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Hello, my name is Pavel, I do bitcoin mining for aprox. half a year and I was coming to this forum from time to time but as I didn't need to post I haven't registered till now
Now when I want to post I must say that I'm surprised by this newbie forum restriction and find it quite annoying
Just keep posting (eg. reply to this) to get your post count at 5 or more, and troll the forum for 4 hours. You'll be out in no time. I took the day off yesterday to get outta this newbie-jail ;P |
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B/c if you use Mwesoloski@gmail.com he will pay you 1 BTC for each referral you give him if he wins! The person I used will pay .5 BTC if he wins. It's a hedge LOL you're hijacking my .50 BTC award! That's cut-throat ...  I gave credit where credit was due! I was on my phone on the bus, but now I've edited it to include your e-mail address. and I explained it's also based on how much you trust the person, b/c if peeps don't know us, then they may not realize how radically awesome and honest we are. Go Bitcoin go! Excellent point. Shill away.... |
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B/c if you use Mwesoloski@gmail.com he will pay you 1 BTC for each referral you give him if he wins! The person I used will pay .5 BTC if he wins. It's a hedge LOL you're hijacking my .50 BTC award! That's cut-throat ... |
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Use me as your referral, draco49@tormail.net, and if I win I'll pay everyone who used my referral their 0.50BTC back. How are you going to verify that? 1) If I don't win, I won't have to. 2) If I do win, just PM me your BTC addr and the email you used to enter with and i'll confirm it with our nice raffle host. |
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The issue I see is that the bonus program you laid out issues fractions of entries. Are only full entries counted towards the draw? (ie 1.05=1, 1.85=1, 2.05=0, etc) Good point. I think a user's final entry count will be turned into a weighted number for the purpose of the drawing. Some clarification on this would be appreciated Use me as your referral, draco49@tormail.net, and if I win I'll pay everyone who used my referral their 0.50BTC back. |
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For your purposes, blockchain.info would probably provide you easier access to the data you are looking for. As for the current distributions of bitcoin wealth, you're going to have a very difficult time accurately assessing this in any sort of meaningful way. Unlike bank accounts, tax returns, and other methods of identifying and correlating wealth distribution, bitcoin addresses and coin movement change constantly. Even amongst one person, bitcoins move from one address to another as new addresses are frequently generated by the users actions, and during the transaction process. Another thing to consider is that, given the novelty of bitcoin and its mechanisms, comparing it to long-established, state-sponsored currencies is not comparing apples to apples. |
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Great instructions.
I'll also add that your wallet.dat is the file containing your private keys - everything else is just the blockchain, which you can download again if necessary.
When I used the Satoshi client, I kept my wallet.dat in a small truecrypt container, which I then uploaded to Dropbox.
That's absolutely correct. The wallet.dat file is the only file you need to backup and protect. The symlinks facilitating a single blockchain and index are basically for speed and resource optimization. |
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It might be worth noting that, if you are running a dual-boot machine (linux & windows), you can have both use a common wallet and blockchain using symbolic links. 1) Setup bitcoin-qt on your Windows install and create (and encrypt!) your wallet. Allow your bitcoin client time to FULLY synchronize and download the entire blockchain (look for the green check-mark in the bottom-right corner of the bitcoin client). 2) Reboot into linux and install bitcoin-qt. 3) Start up your linux bitcoin client (which will create the .bitcoin dir and the initial data files). Don't bother waiting for the blockchain to sync this time; Just wait until the program fully loads, and then exit. 4) Now open up a terminal and change to the .bitcoin dir: draco49@vps1:~$ cd .bitcoin/ 5) Get rid of the data files in the .bitcoin dir (wallet.dat, blk0001.dat, blkindex.dat): draco49@vps1:~/.bitcoin$ rm *.dat 6) Create the symbolic links to the data files from your Windows install: draco49@vps1:~/.bitcoin$ ln -s /media/OS/Users/<username>/AppData/Roaming/Bitcoin/wallet.dat ./wallet.dat
draco49@vps1:~/.bitcoin$ ln -s /media/OS/Users/<username>/AppData/Roaming/Bitcoin/blk0001.dat ./blk0001.dat
draco49@vps1:~/.bitcoin$ ln -s /media/OS/Users/<username>/AppData/Roaming/Bitcoin/blkindex.dat ./blkindex.dat
7) Re-launch the bitcoin client. After a fast startup (since we already downloaded the blockchain in the Windows install), you should be greeted with the wallet you created earlier in Windows. Now, you can switch back and forth from your Windows install to your linux install while maintaining a single wallet and blockchain. Some important notes about these instructions...The code examples are just that - examples. You will need to make sure that you use your windows username where <username> appears in the code, and also make sure that you correctly reference your Windows drive. /media/OS/ is where my specific Windows(NTFS) drive is mounted, but yours could be different. If you're not sure, use your GUI file browser to navigate to your Windows drive and note its full path. To reduce the risk of wallet corruption, always make sure to allow bitcoin to fully shutdown and exit before rebooting your system. Also, and I can't stress this enough, backup your wallet.dat file on a regular basis and after large transactions to an offline device (eg. USB drive, old netbook, cloud storage, etc...). |
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Thanks for the detailed tutorial!
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When I played poker I used Hold'em manager to keep track of my income so I could report it on my tax return... yeah I know, one of the few.
Does a tool like this exist for BitCoin trading? Bitcoins are not recognized by the US as a currency or commodity, so there are no governmental laws regulating trade. If you're concerned about a possibly applicable capital gains tax, that wouldn't apply unless you liquidated your Bitcoins (eg. removing funds from your exchange account). Even then, there's a question of whether or not a capital gains tax should even be applied to Bitcoin, but we're in uncharted waters and that's a larger question. If you trade on an exchange, such as mtgox, that would be your best source of records of deposits, withdrawals, and trades. |
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Maybe you should update the wikipedia article on private currency. Here is an excerpt:
In the United States, the Free Banking Era lasted between 1837 and 1866, when almost anyone could issue paper money. While there are more restrictions today than in this era, it is still legal to create your own currencies.[dubious – discuss] States, municipalities, private banks, railroad and construction companies, stores, restaurants, churches and individuals printed an estimated 8,000 different monies by 1860 and can still do so today (such as Bitcoin). If an issuer went bankrupt, closed, left town, or otherwise went out of business the note would be worthless. Such organizations earned the nickname of "wildcat banks" for a reputation of unreliability; they were often situated in remote, unpopulated locales said to be inhabited more by wildcats than by people. Yet according to Lawrence H. White's article in The Freeman, "it turns out that 'wildcat' banking is largely a myth. Although stories about crooked banking practices are entertaining—and for that reason have been repeated endlessly by textbooks—modern economic historians have found that there were in fact very few banks that fit any reasonable definition of wildcat bank".[1] The National Bank Act of 1863 ended the "wildcat bank" period. Thanks for this information. I'll look into. |
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Bitcoin is not a "private currency" and should not be referred to as such. Quite the opposite, Bitcoin is completely public and transparent. I realize that you may be using the term in contrast to traditional fiat currencies. However, I think it's important to make clear that Bitcoin is a completely decentralized, peer-to-peer, open-source transaction system. Just my two Satoshis...
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