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Cut you off? Why would they do that?
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The bitinstant "Cash Deposit" tool has been of great use to me lately, and I was just wondering if anybody knew of a similar tool for Western Union.
Thanks.
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Well, you could either use some weird cash exchange and do it the hard way, or you could, just withdraw it to your bank, and then have the bank give you cash.
:S
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What is this I don't even...
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Your view of morality didn't state anything about girls randomly growing those things.
Anyway, hey, I'm sure that's some guy's fetish.
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2,667.575 Billions of Dollars -> $127027.38 (gotta get in the 38 cents) per bitcoin -> $0.00127 -> 0.127 cents per satoshi. I don't know why there are so many people saying 21M bitcoins isn't enough... it actually is perfect  |
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Very true. In fact, religious morality is the exact opposite of objective -- it is arbitrary, full of magical exceptions, and not based at all on relevant material fact. Once again, cunticula has it exactly the other way around. Does not surprise me.
I'd argue there's a bias towards equating "morality" with "good". I, too, can't see any way to have morality without a supreme authority. This doesn't mean there's no right and wrong, the responsibility for deciding what is what is simply left to the individual. Not necessarily. It's perfectly possible to live morally without asking yourself, "Would God want me to do this to them?" All you have to do is change that question to "Would I want them to do this to me?" If the answer is no, don't do it. -> I want to rape girl. -> Would I want them to do this to me? -> Yup. k. (Just for the sake of argument). |
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How many USDs are there in the world total. Is there any way of checking?
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It doesn't make that much non-sense even if you haven't used it. About the only thing you need to explain to people is that unless you use different addresses, people can see all the transactions you make. Other than that it is "here is a piece of software. It can send bitcoins for a transaction fee of 0.0005 btc, and can receive them. Transactions take time. Here (mtgox) is what 1 BTC is worth. Have fun." Aside from maybe explaining how mining works (most new users don't even care) all the rest just says "it works exactly how you'd expect it to work; here's why."
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Wrong. Do more research. A Ponzi scheme is where you tell people that if they give you their money, you'll pay them back with interest. And you do, except that the interest isn't coming from actual business profits, it's just the money your investors originally gave you, plus the money from later investors. Naturally, once there aren't enough new investors putting more money in, the scammer won't be able to make the interest payments. The investors will demand their money back, only to find that their money's gone.
Exactly. They are in a pyramid scheme (getting money from new investors) but they don't know it. A pyramid scheme is similar, except instead of telling investors they'll receive interest on their payments, they receive money by recruiting more investors, and those new investors can make money by recuiting even more investors, until eventually there aren't enough investors left in the world to sustain the scheme and the investors on the bottom "layer" of the pyramid have no way of ever getting their money back. Well, many MLM sites split un-referred members deposits among all investors without their principal back, so referring isn't technically required. Whatever. Pyramid schemes differ slightly from multi-level marketing schemes, where there are real products involved, but even those schemes are shady (though not always technically fraudulent or illegal). Whats a "real" product and what isn't? Many people would consider bitcoin not to be a "real" product. Many people would consider visits to your website much more "real" than bitcoin. So if people are willing to pay $13 for a bitcoin, why wouldn't they pay $13 for a visit to their website (also transferable between members)? A bubble is when a real product, with real value (note that despite what some people say, bitcoins do have real value, as they enable fast and secure transactions in a way not possible with other currencies), is traded at much higher prices than its true value simply because people think its value is going up and they can sell it to a "greater fool" later on. While many people lose money when bubbles inevitably burst, they are not in themselves a scam unless someone is misrepresenting the true nature of the investment. Real products again. It seems to me this is entirely subjective. Now that's gotta be hard to enforce. I mean, by definition if you are selling something, you are 'dumping' it, and generally when you are 'dumping' something you want it to be at as high a price as possible (preferably more than its actually worth) so you are 'pumping' it. Is Wizards of the Coast 'pumping and dumping' MTG cards? Is bitcoinme 'pumping and dumping' bitcoins? Is asea (look here for lulz if you don't know what I'm talking about: http://www.enjoyredoxwater.com/) 'pumping and dumping' salt water? Thanks for all the replies, I'm really learning a lot here. |
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Wouldn't bitcoin be a bubble (though maybe a pop-proof bubble) not a pyramid scheme? Because I thought bubbles are essentially decentralized pyramid schemes. Hmm, I wonder what a decentralized ponzi scheme would look like.  Bitcoin except where there are higher transaction fees (to encourage people to hold on to money and to pay for miners) and for new currency to be created by people that hold onto their currency for long periods of time, rather than the miners? |
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Okay so here is a new(er) question. I did some research, and figured out what a ponzi scheme is. Its basically a pyramid scheme where you don't tell the people investing that they are in a pyramid scheme, right? So pyramid schemes are not fraud, but are still illegal. This means they are illegal even when using bitcoins, or other not-legal-tender currencies, correct? If so, a LOT of websites are illegal... Anyways, here is my question: What exactly is the real difference between a bubble (not illegal) and a pyramid scheme (illegal)? I mean, I could create some fake currency (can a currency really be fake?) on a website backed by some mysterious (and basically useless) commodity, and let people bid on it and sell it to each other. I could then create a bunch of fake accounts (can an account really be fake?) on my own website and bid up the price myself. Knowing how things work, people will probably buy them just because their price has been increasing. Is this a pyramid scheme (illegal), a ponzi scheme (illegal), or just a bubble (not illegal)? I ask because I want to start one of these sites like http://stockvm.com except running on bitcoin, and where it actually works. You think this is a bad idea? |
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Wow, thats really weird. I also heard that there was some arbitrary percentage (say 95%) where if 95% of money is "earned" and 5% is "recycled" then its a ponzi, but if 96% of money is "earned" and 4% is "recycled" then its not? I don't know, the whole thing is very odd.
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I just read online ( http://rt.com/usa/news/investors-currency-digital-fund-868/) that somebody went and started a bitcoin ponzi scheme. Fairly natural, right? What I am wondering is, if this was actually illegal, since the money was not "fiat currency." If it is, would that mean that a ponzi scheme based on, I don't know, WoW gold, would be illegal too? Does that mean all those websites that don't even accept money, but say "you visit this link, and the next 2 visitors will visit yours" are illegal too, because they are ponzi-ing website pageloads? Just wondering. Either way, it feels weird somehow. |
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Thanks! Just implemented it, works beautifully.  Thanks everybody, this problem is fixed. EDIT: Oh, one last thing. Where is the mass import tool (if there is one) for Bitcoin (default wallet available for download at bitcoin.org)? Thanks! |
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Okay, one final thing. I think I've finally got this all implemented (I just made a huge list of addresses, exploded them, and imported into database) but I can't find some stuff that should honestly be very simple: I.e, a way of finding total amount sent to a specific wallet. Basically I want the "total received" and "final balance" values found on pages like this one: http://blockchain.info/address/194FMenoHY4QjwF2VqeZGGfVDLLtNZGmnt. I could just get the HTML of the page and filter it out of there, but then they add one more tag to their HTML in the wrong place and my site is screwed over. Is there a simpler/better way of doing this? Thanks. |
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I agree your API idea is great, but I simply don't have the resources to set it up. I only have PHP, HTML, and Javascript. Using these 3 tools I must somehow accept payments securely.
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Well screw. I knew it couldn't be that easy.
So nobody can think of any way of safely generating bitcoin addresses on the fly from a server with only PHP/HTML/Javascript?
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I don't give a shit as long as its not less than it is now.  |
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Can somebody please explain bitaddress.org? I see it generates addresses. Couldn't I just use their source to allow my webhost (heck, even a free one!) to generate an address whenever a user signs up, and save in a DB somewhere that bitcoin address and the private key? Then when I want to spend bitcoins, I just import the private keys into my local machine and POOF, tons of coins?
And also, one more thing, how do I import the private key into my wallet? Do I just copy it into wallets.dat? (My wallets.dat file is encrypted, so I doubt that would work).
Thanks!
there is a importprivkey <bitcoinprivkey> [label] command remember to unlock your wallet first Wow! Great! Then this just became a lot easier. Run with me to get the process straight. Step 1: Implement some form of this ( https://github.com/pointbiz/bitaddress.org) on my webserver. Not sure how (I'll get to that part later ) Step 2: Make a function generateaddress() that creates a bitcoin address and a private key. Step 3: Assign each user that signs up an individual address. Step 4: Wait for payments to come Step 5: Whenever I feel like it, I log onto my webhost, download all the private keys, and import them all using importprivkey. Probably delete them from the webhost after I do this. Sounds good. The only part that sounds potentially deadly is turning https://github.com/pointbiz/bitaddress.org into a php function that generates an address and stores the private key. But at least that sounds dooable! |
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