This is what I get
http://pastebin.com/cYzbEtna

Any ideas what's wrong?
I am on

Code:

....$ lsb_release -a
No LSB modules are available.
Distributor ID: Ubuntu
Description:    Ubuntu 13.10
Release:        13.10
Codename:       saucy

Before I added ppa:bitcoin/bitcoin,  only bitcoin-qt vesrsion 0.8.5-1 was available so I installed it and libdb 5.1 was pulled in and installed.
After adding ppa:bitcoin/bitcoin, and updating to bitcoin-qt_0.8.6-saucy1_amd64, libdb 4.8 gets pulled in and installed. mmm.. why?

Looks like 5.1 is out and we are back to 4.8...

Code:

$ apt-get install bitcoind
Reading package lists... Done
Building dependency tree       
Reading state information... Done
The following package was automatically installed and is no longer required:
  libdb5.1++
Use 'apt-get autoremove' to remove it.
The following packages will be upgraded:
  bitcoind
1 upgraded, 0 newly installed, 0 to remove and 0 not upgraded.
Need to get 971 kB of archives.
After this operation, 42,0 kB of additional disk space will be used.
Get:1 http://ppa.launchpad.net/bitcoin/bitcoin/ubuntu/ saucy/main bitcoind amd64 0.8.6-saucy1 [971 kB]
Fetched 971 kB in 0s (1 440 kB/s)
(Reading database ... 162689 files and directories currently installed.)
Preparing to replace bitcoind 0.8.5-1 (using .../bitcoind_0.8.6-saucy1_amd64.deb) ...
Unpacking replacement bitcoind ...
Processing triggers for man-db ...
Setting up bitcoind (0.8.6-saucy1) ...

I have not started bitcoin-qt because I am not sure, what is going to happen because previous version used newer libdb.
If I recall, db is not backward compatible.

Can you recommend an alternative for localbitcoins.c0m
I made few trades over there and I do not like it at all. It's UI sucks and there is practically no support (absurdly slow, if any) to sort out trades, where one side of the transaction has just stopped responding etc.

If you read the localbitcoins forum, it's mostly about people crying how shitty the support is.

Is there more professional alternative available? I use SEPA so it must have large EU user base.

Thank you.

What a heck is this and where is the rest of my coin?

[EDIT: I changed the Subject]

EDIT: I changed the Subject

This thread is a spin-off from GnuCash support for alternative/non-ISO currencies
Lets concentrate on Ledger and how to use it with value transfer systems like BTC, LTC, PPC and others.

Lets keep all the gnucash talk and how-to's here GnuCash support for alternative/non-ISO currencies

For start, I have never used Ledger before but I like the idea and as I understand, it's excellent reporting and has a really good support for multiple currency accounting (where gnucash has failed me).

This the case I like to resolve:
1) We have successfully completed 2 offers and collected the required coin to get the show on the road.
2) I must track Share capital or capital stock on LTC and EUR


3) We have acquired equipment that will be used for years so:
I like to set up:

Code:

- Equity
  - Share capital LTC
  - Share capital BTC
  - Share capital EUR
  - Opening Balance
  - Retained Earnings

....

- Fixed Assets
   -Equipment "A"
      -Cost           (Cost account)
      -Depreciation     (Accumulated Depreciation account for A)
   -Equipment "A"
      -Cost            (Cost account)
      -Depreciation     (Accumulated Depreciation account for B)
-Current Assets
     -Bank EUR
     -Bank LTC
     -Investments
     - Stocks in LTC only
            - shares of ASD (LTC)
     - Stocks in BTC only
            - shares of WSX (BRC)
    - Stocks in EUR only
            - shares of IBM (EUR)
and so on

-Expense
   - Depreciation     (Depreciation Expense account)
   - Banking Fees
... and so on
  

Oh, and lets not forget 20% VAT

If you have a good EU (VAT) and BTC specific chart of business accounts, please post it here.

[Put your LTC to work!]

Put your LTC to work!

Actual announcement is here: [LTC-GLOBAL] - ART - building a open art studio, renting "hardware"

If you do not like to post your comments to  Economy > Marketplace > Securities, feel free to do it here.

One more simple request. Please, be civil.  

[Got the final positive vote and we are open for trading - December 15, 2012]

Few days ago I listed The ART in LTC-Global. (waiting for approval) Got the final positive vote and we are open for trading - December 15, 2012
https://www.litecoinglobal.com/security/ART

Executive Summary
After about 6+ months of research and following the trends on the local ceramics art seen, we have come to the conclusion that the local artist (hobby and freelance) community is in serious need for a flexible access to shop equipment.
Especially the more expensive equipment that is way out of reach for most hobby and freelance artist.
Our research has shown, that this service is more than welcome and our proposed price range is considered very attractive.

Business Description
Our plan is to raise the funds, purchase the required equipment and make it available to anyone who needs it on hourly, daily or a space/volume based pricing plans. Some equipment, like smaller electric pottery wheels etc. can be moved to different locations on demand, under daily/weekly rent contracts. Stationary equipments, like large high fire kilns are stationary and are rented out under "volume" based pricing (artist pays for volume of kiln space used).
Our business is to help artist to produce their unique works of art and not compete with them as an artist to artist.

Products and Services
At current prices on the market and huge time delays, we see a lot of opportunities to be a very successful. There is strong growth potential. We are planning to carefully grow by constantly analysing the market needs while responding to it's needs accordingly.

For example, some of the stoneware firing styles are almost disappeared form the scene. Not because they are inferior, but because the lack of equipment (old equipment is broken down and never replaced).

We are planning to bring some of techniques back by adding the required equipment to our workshop and making it available to a larger community. This will help to keep it profitable and same time open new doors for the local art community.


Financial Management
Our conservative estimates show that in average, 5% ROI per month is achievable.
This is at conservative 55% utilisation on average. We like to take the utilisation up to 75% in 3 months or less. At this rate, equipment is paid for before 70% of the manufacturers warranty is up.

We will be publishing our monthly statements in forum and follow typical bookkeeping rules.

EDIT: (20.01 11.21 GMT) All numbers are and will be published here http://tinyurl.com/art-stats . If I find a better way to do it, you will be informed.

Stockholder Agreement

The total issue will be up 250 000 virtual shares @ 1 LTC per share.

* Proceeds from the issue will be used to acquire ceramics art studio equipment, materials, parts and cover regular maintenance if required, and cover other similar equipment related expenses
* Equipment will be insured against theft or destruction by fire or similar incident.
* Any profit (after the expenses) will be shared among the holders of virtual ART shares
* Profits realized in fiat currencies are converted to LTC and divided by number of outstanding virtual shares
* If the purchased equipment is sold, proceeds (after any expenses) will be divided up between the virtual share holders.
* Virtual shares can (but do not have to) be bought back by the issuer.
* We will do our best to keep the project profitable but we can not give any guarantees.
* This is a start-up project, please be aware that there are risks involved.  
* If the project fails, ART virtual share issuer nor project manager (persons or legal entity(s) can not be held liable.
* Issuer can not be held liable for any of your actions or decisions like selling, trading, destroying or anything else you plan or can imagine doing with your virtual shares.
* All sales of ART virtual shares are considered final.
* All unsold virtual stock is considered as a "treasury stock", that has no rights for voting nor dividends.
* Dividends are paid monthly.

Here is one more mug. (see https://bitcointalk.org/index.php?topic=102010.msg1354912#msg1354912 )  
This one is a bit different. It has a rough surface texture and has some cool "rusty" spots on the handle. It feels nice in the hand. The weight of this stoneware mug is 515 grams of high fired clay and glaze. Only one exemplar exists.

This one is also available for 5 BTC (+S&H). This includes 100 virtual ART tokens (0,05 BTC a pop) - see the link posted above
PM me for details and lets find this rough stoneware mug a happy owner.

Shipping to USA is about 8 EUR.

GOOD NEWS! GLBSE is sending out shareholders data.
Talked to James and he can do about 4 issues per day or so.


EDIT: Issuers being given shareholder lists

Gigamining has been given a list of his shareholders (not 100% complete, still waiting on some users).

You can expect about 3-4 asset issers a day to be given shareholder lists, starting from what were the largest assets moving down.

[Can you describe something simple and reliable that exchanges and CF sites can implement and actually use?]

You all probably know what happened to many BTC enthusiasts when GLBSE closed down with no warning. As of now, there is now way to prove how many shares of X someone held and issuers have no way to check, if you are telling the truth.

I like to avoid the whole getting glbse'd drama for good, when dealing with any "exchange", crowd funding site or something similar.  
 
Why I care? Simple. We are in the middle of setting up a small BTC only crowd funding project in one of the CF sites and this is why I am asking for your ideas on how to eliminate the getting glbse'd for good.
Why we need this mechanism? Our plan is this. If everything goes well, we are planning to reward all the early participant/contributor and for that, we need a simple mechanism to prove that they (contributor "C")  did contribute X coins to the project via crowd funding site ("CFS" tm) and we ("P" as a project) need some simple way to confirm that.
Most importantly, this must be possible without involving the crowd funding sites at later date and even if they are pushing daisies for good.

For example, lets say that we are going to list some stuff in OT (or p2p exchange?) or we like to give a discount to all the CF participants in our web shop (btc is obviously accepted).
Now, to do that, CF participants must have a way to prove that the contribution to our project was made, we need to prove or disprove that coin actually arrived form "C" to our account as promised by "CFS". Let me add this. At the time of the contribution, we have no idea who the contributors are - no name, e-mail address etc.

For start, lets use a simple CF set up where:
1) Crowd funding site "CFS" collects coins for your project "P".
2) Contributor "C" sends coins to "CFS", and "CFS" forwards those to project "P" on some previously agreed date.
3) "P" has no idea who sent the coins to "CFS"
4) At later date, "C" needs to prove and "P" must be able to confirm, that those transactions really happened and the stated sum of BTC actually arrived at "P" address?
"P" needs that before it can send out the additional reward(s).   

First, it has to be something simple and obviously must be supported by crowd funding site (or exchange) to begin with.

For the simple CF project I was thinking along those lines:

1) Destination address for "P" must be public.
2) "P" must receive the tx id for the "C" initial transfer to "CFS" address
3) "P" and "C" must have the tx ID for CFA transfer of "C"'s coin to "intermediate" address Z, where all the contributions are held, before the coin is sent out to "P" publicly listed address)
4) ...

Can you describe something simple and reliable that exchanges and CF sites can implement and actually use?

Maybe this can become a "standard" method and be used by all the exchanges, bazaars, CF sites to protect issuers and holders from getting glbse'd.

Thank you.

 

WTF is all I can say at this point. I was attempting to sign up to buy some PPC but sites e-mail system was down and I got an error.

Then I noticed this:

Suspension of all cryptocoins

Submitted by Martin Klinkigt on Wed, 11/14/2012 - 09:46
Today our provider suspended our servers running the daemons without any notice. Deposits and withdraw of coins is not working. We are in contact with our provider and waiting for a reply.
We apologize that all these issues occur at once.

Log in or register to post comments

http://exchange.zapto.org/node/12

Game over? I hope not.
 

This is something that can help to introduce LTC to larger public with business background.

https://github.com/lockitron/selfstarter

Is it really one year? Wow!

Happy birthday Litecoin and thank you all who keep it live and well.

Why are you people so happy buying fake and illegal securities in non existing (fake) entities?
Why even issue this illegal stuff and call yourself a corporation, while you know, you are not representing any legally existing Co.
If your company is registered, and you offer shares to general public - you are breaking the laws in most of the countries that have internet access.

Obviously this opens the ugly door of SEC/FSA/OSC/... etc, who will start cracking down on this sooner or later and make everyone's life really miserable.

Why not get over the egotrip and start calling it what it is: crowd funding with BTC/LTC/PPC etc.

[Ideas are welcome.]

BTC community got fucked once more. This time it was GLBSE, run by Nefario, Theymos and others.

There is a good opportunity to move all the portfolios and securities to another exchange and keep going. By "keep going" I mean finance projects and earn some coin from that.

Ideas are welcome.
If you want to scream at those assholes, who fucked you over AGAIN! Use different threads here: https://bitcointalk.org/index.php?board=83.0

Are we a community or just a punch of lazy fuctards, who can not get over this and build something better so that current GLBSE securities and investors do not get burned. Can we do this?

Thank you for keeping it civilized.

PS! Ideas how to drop this forum with everyone involved (scammers mostly), needs another thread.

[wait, until the time is up]

Did you get paid from Matthew N. Wright famous bet?

https://bitcointalk.org/index.php?topic=102918.0
https://bitcointalk.org/index.php?topic=101751.0

Or did you pay Matthew?

Please wait, until the time is up and then start posting.

Update:
This is the correct counter:
http://www.timeanddate.com/countdown/generic?iso=20120910T004920&p0=235&msg=End+of+Matthew%27s+Bet

As of now, there is 0 confirmation, that the biggest scumbag of them all, pirateat40, has transferred any coin he stole.
Matthew is MIA too?

[This thread is closed. New thread will open up soon. Thank you]

This thread is closed.

New thread will open up soon.

Thank you

New stoneware bitcoin mug #004 https://bitcointalk.org/index.php?topic=102010.msg1354912#msg1354912


Added a Mug Shot  https://bitcointalk.org/index.php?topic=102010.msg1288071#msg1288071  

October 21, 2012, 11:23:11 AM: Looks like piotr_n has flipped out and started to act erratically. I am glad that happened so early in the process and not when I had hundreds of project supporters to deal with.  


EDIT: NEW CONTRACT DRAFT is here https://bitcointalk.org/index.php?topic=102010.msg1285534#msg1285534
https://bitcointalk.org/index.php?topic=102010.msg1275720#msg1275720

Some of my friends are planning to set up their own art studio. To make it happen, they need to buy very specific equipment.
Good news is, that the equipment they need is usable for a very long time and can actually be used to generate additional revenue by selling the "shelf space" (lack of better wording) for professional and hobby artists. It also holds value over time and can be sold later.  

EDIT:
Plan is to sell virtual Support Tokens. Please, do not confuse this with a security. It is not. If you like to help us out getting the new equipment, all you need to do is purchase virtual Support Tokens from me, and your ST's will be transferred to you via #assets-otc system.

The plan:
1) Renting the "shelf space" for dividend income.

Getting the clients is not a problem for the equipment and if the have any art workshops going on, the "shelf renting" is guaranteed to be at 80% capacity.
Following calculations are done at 40% and 60% rented capacity and 2 full runs per week.
Clearing 40 - 60 EUR per run is a fair estimate after the expenses. 8 runs per month on average is going to produce about 320 EUR income.
Lets cut that down to 80% just in case there is a slower than expected months -  lets say 250 per month as worst case scenario.
 
2) Works shops (use of other equipment for div income)

What we are going to do is work out a % from the  workshops fees that will be used to cover all the other equipment bought with funds form the sell of virtual ST's.
This % will be used for calculating the return to participants and lets call them "dividends". Rough estimate shows that getting additional 50-80 EUR  per month is not a problem.

We estimate the income to be around 310 EUR per month. This is a very conservative estimate and I like to keep it like that for now.
Yes, we can have really bad months and earn close to nothing. Summer can be the worst time because pole are on long vacations.

So, The Plan is to rise about 15K EUR worth of crowdfunding and for that, we are selling up to 34 000 virtual Support Tokens.

How to participate?
You need to have a #assets-otc account (see deleted for instructions)
It is good idea get yourself a http://bitcoin-otc.com/trust.php account too. You do not need it but it probably helps.

Thank you in advance for keeping the conversation as constructive as possible. Questions, recommendations and ideas are welcome.

If you have questions, please post them here or send me a PM.
 
Cheers!

For trolling and personal attacks, please use PM's addressed to yourself.  

Last Edit:    October 14, 2012, 11:52:07 AM

[Obsi, remove my name and the quote from your signature at once. It's misleading and out of context.]

Obsi, your signature, where you use my name and quote me out of context is misleading and utterly false.
This has to be the stupidest way to advertise your so called OBSI.1MHS turd.
(if you do not know: Turd is a fixed Mh/s contract, where poor turd buyer gets burned every time difficulty rises.


When writing this post, Obi's signature looks like this:



OBSI.1MHS was a loser form day one. There was actually a small chance for a capital gain but Obsi fucked it up for everyone by dumping a load of shares on the market.
As of today, OBSI.1MHS is close to worthless and there is a tiny buy order at 0.065. This turd was issued at 0.25 BTC. Then he dumped more of his garbage on the market at 0.16! Yes 36% loss to everyone. For free!
Read and weep: https://bitcointalk.org/index.php?topic=84963.msg987433#msg987433

How did I get out of this OBSI.1MHS turd? Obsi stared to buy back this garbage at 0.25 and I sold those few I had right away. Why? Because I did not wanted to get involved with something as mismanaged as this turd.
This buyback was followed by a dump of shares at 0.1 BTC! WTF is all I can say... LOL.

Obsi, remove my name and the quote from your signature at once.  It's misleading and out of context.

[Bond]

If you have any investment experience in the real world, especially in the fixed income instruments, you have probably noticed how the word "bond" is misused in this forum over and over again.

Bond is a very specific investment instrument. Fancy way to put it is -  bond is a negotiable certificate that acknowledges the indebtedness of the bond issuer to the holder. Other way to say it is: bond is a loan to bond issuer and who ever holds the bond, receives the payment form the issuer. It's like a IOU.
Another important feature of the bond is this: Issuer is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.
This means, that you do not only receive the regular coupon payments, but at date X, your bonds will be bought back by the issuer at predetermined price X.
 
Information about different types of bonds and notes is readily available all over the internet. I recommend you read it and make sure you understand the basic ideas of bonds and why people invest in bonds.  

Now, typical mining bonds issued via GLBSE are perpetual mining bonds with fixed Mh/s coupon. It is very important to understand, that there is NOTHING fixed about this type of coupon- Especially, when it comes to your earnings. When difficulty goes up, you earn less per Mh/s. When difficulty drops, you earn more per Mh/s.
I call them mining turds, because they are almost like Floating Rate Notes (FRN) aka floaters - hence the name "turd".  
  
Why are bonds good and turds bad?

Bonds are usually good for preserving your capital and earning you a fixed income from dividends. If you think about it, mining turds offer you none of the previously mentioned benefits. At the moment, dividends do not cover the depreciation of your invested capital. Sorry, but this applies to all the mining turds out there.

There have been some exceptions, where turd price has actually gone up temporarily. One of the example is the GIGAMINING. Vps managed to push his turd prices up temporarily. Last month he increased dividends by 10% (110% PPS) for few weeks. Lets be honest, this was just a ruse, to get you all worked up over nothing.  

Did I really make 2.3841% per week?

To understand, what you have actually lost/gained by investing to mining turds, look at the price you paid for you turd and how much have you earned form your dividends. If you sell your turd today, will your loss of of invested capital be offset by the continuously diminishing dividends?  

If one month ago you paid 0.30 for your "bond" and you have earned 0.038 BTC in dividends, did you actually made money?
You say "Yes!", I say "No!"
OK, lets look at the market price. Oops, as of today, your turd is worth only 0.145 BTC! Now, did you make money or did you actually lose ~40% of your investment in one month to "earn" 0.038.
If diff keeps going up or stays where it is now, you are not going to see your principal returned to you any time soon. As you know, turd issuer has no obligation to buy it back from you at the IPO price. How long will it take for a monthly dividend of 0.038 to earn you those 0.155 BTC, to cover the loss?  4 months if diff stays at or below the current level and price is not dropping another 40%. If it diff keeps rising and price keeps dropping, you are almost perpetually screwed.
 

Bonds, I'll or you can invest in

Only mining bonds (not a turd!), that make any sense to invest in, are the ones with a truly fixed or partially fixed coupon. Bonds with floating rate must have a part of the coupon fixed at % from IPO price (par) and a part of the coupon tied to a Y Mh/s or something similar.

"Mh/s only" turds are garbage and burn investors hard earned bitcoins, while buying turd issuer a room full of equipment at 0 risk.
Difficulty and market risks are all left to to you - turd holder.
 
 If you truly believe that difficulty is going to go trough a massive drop, then yes, you have a good chance of getting back the money you paid for the turd. Now, lets not forget, that the income from mining will be halved soon. No more 50 BTC blocks. Can you see, how this affects your income and turd price, dear turd holder?

Closed LTC pools (Froggy and Jerk), please make your hard work (source code) available in github so someone can pick up where you left off and maybe continue the service under different name and fee structure.
Please post your gitgub links to complete source code here. 

Thank you for your hard work and I am sorry to see you go.

Cheers!