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1  Economy / Trading Discussion / Cryptsy ate my LTC midtransaction - anyone else had same experience? on: December 14, 2013, 08:44:59 PM
Just went to buy some MEC with LTC - I domn't keep BTC on Cryptsy.

Trade didn't seem to process and wasn't in 'open orders' so I looked and I had no MEC Balance.

I tried again (assuming I must have accidentally cancelled) and tried to buy another 100 MEC with around 3LTC and once again nothing happened, no trade history record for either trade, no MEC.

But my LTC Balance shows SIX gone - so my LTC have disappeared....

Anyone have this happen - and since support there is woeful - any idea how I get in touch with Mullick or anyone on a chat board or something?

It ain't the end of the world - but it's the best part of a couple of hundred bucks gone in a few seconds and now I am of course not considering any more trades.... however, I would like my coins back and of course no record shows of this anywhere.

Ideas anyone?
2  Economy / Trading Discussion / GBP into Bitstamp? Transferwise won't allow it any more - tips please (UK) on: November 19, 2013, 12:31:17 PM
I used to use Transferwise - which is great, but they won't transfer GBP (via Euros) to any BTC exchanges anymore (or so it just said).

Want to get sterling form UK bank into the system, used up my goxbux, so I figure getting in via Bitstamp.  I have an account there, but how does smart money get it in...?

Help appreciated!
3  Economy / Economics / BTC Utilty "The Hooker Point" on: July 06, 2013, 11:07:42 AM
I just posted this on a topic elsewhere, but I wanted to give it a thread of its own as it is about BTC price and utility which are fundamental concerns to us all:

  i cant even get a hooker for btc.

This is one of the most insightful comments I have seen on this forum for some time.

As someone interested in economics, I think the establishment of a measure for the adoption level of a digital currency would be useful, and I think 'The Hooker Point' is perfect for it.

If we take an average city of (say) 100,000 inhabitants we can deem it to have reached this point when it is possible within the city's limits to find a locally available defined sexual service directly from a provider (without a 3rd party exchange involved) with a given currency in a (controlled) 24 hour period.

So a country can be defined by how many Hooker Point cities it has, or what proportion of its qualifying cities have reached the Hooker Point (for BTC).

Comparisons can be made over time and against other countries.

Since currencies go back to pre-literate times and prostitution is the oldest profession, it is a measure likely to remain current for the foreseeable future.


Further comment on price and utilty:
1. Market prices fall when more people want to sell than buy, and prices rise for the opposite reason.

2. People's choice as to whether they wish to be a buyer or seller is affected by their needs (entering or leaving a market due to the need to buy or sell what the market trades) or for reasons of sentiment (optimism or pessimism about the market price).

3. Although economics supposedly deals in rational situations in the market place, it is a fact that markets and sentiments are not necessarily rational.  A herd instinct, or copying instinct means that people often buy because people are buying - or sell because people are selling.

4. At present BTC has little practical utility (see 'Hooker Point' above).   Therefore, the market for it is much more heavily influenced by sentiment than other markets.  Since most people do not need to pay their rent or buy food with it, its value is almost entirely based on sentiment.

The only conclusion a rational person can reach in the light of the above is that any price predictions for BTC are very likely to be completely and utterly useless.
4  Economy / Currency exchange / SELLING YOUR RIPPLE XRP? - Escrow John K ONLY - PM me? on: May 10, 2013, 11:19:17 PM
Thanks for the enquiries and PMs, but with a new giveaway of XRP just announced, I will be shutting up shop until things settle down a bit.

Cheers!
5  Economy / Scam Accusations / MartinReynolds - SCAMMER ID on: May 07, 2013, 08:40:23 PM
Watch this one, myself and at least one other scammed.

Selling BTC / RIPPLE / LTC and whatever....

Plausible, reasonable and criminal.

See thread and watch your backs, eh?

https://bitcointalk.org/index.php?topic=197430.msg2062107

Be careful out there, and watch out for his next ID in a few days, eh?

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