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1  Bitcoin / Bitcoin Discussion / About MtGox's $1000 withdraw limit on: June 20, 2011, 12:54:13 AM
I never used gox so I dont know the specifics, maybe others can shed some light.

Was the $1000 valuation of BTC maximum's withdrawal based on the pinpoint price, a 24-hr average, a 48-hr average, what?

If it was pinpoint, it sure explains the ENORMOUS amount of coins transferred in the blockexplorer reports as the attack was occurring.... The guy may have gotten away with 100,000 btc.
2  Bitcoin / Mining / For the love of god, point your miner away from deepbit on: June 08, 2011, 05:44:43 AM
He is undermining the concept of the currency.  it is dsitributed so that we can AVOID having a central authority.  He is in essence becoming the central authority to the block chain.  Since orphaned and/or forked block chains are not reported to anywhere, we will never know if he is perpetrating or attempting to perpetrate attacks with his dominant market share.

Other pools offer less fees and will amount to more payout over the same amount of time (on avg).  You are doing bitcoin a disservice by taking the essence of the currency and bending it over and letting someone have its way with it. 
3  Other / Obsolete (selling) / WTS Authentic Michigan Pasties for BTC on: June 07, 2011, 06:11:01 AM

Yes!  Its an extraordinary fresh meal, think of it like a hot pocket, but from the 19th century, and full of awesome.  If you've ever had one, you'll know exactly what this is all about.  They're all the rage in Michigan.  I use my family's amazing recipe for the pasty, and they turn out great.  Northern Michigan is somewhat famous for their pasties.  I've made a couple bucks here and again selling them to local restaurants, but here's a chance to get some shipped to your door, frozen and ready to OM NOM NOM for BTC!

Due to postage costs (dry ice, styrofoam box, etc) I can only sell them by the dozen.  I am flexible, but PM me if you want less or more.  (less will be a much less desirable price due to packing.)   I am willing to accept the current MtGox rate converted appropriately.

12 of my special hand-made family recipe Pasties, with gravy packets, for $85 in BTC.  ($7 per meal) Each one is about 1 lb.  Shipping charges as follows:  
If within Michigan or a surrounding state, no extra.
If outside of this area, but within 48 states, $15 extra.  (I need to include more dry ice and bigger box for your shipment!  Frozen goods, srs bsnss.)

Contains Locally Produced Beef, Onion, Potato, Carrot, Broccoli, Rutabega, Parsley, and Kneaded Flour (Gluten!).

I can accommodate all special requests for removal except the gluten.  I'm sorry, I cannot create an authentic pasty without the dough!

Please PM me for an order so we can lock in a price and arrange shipping!  They will be shipped within 2 days of payment!  ( Necessary time to make/freeze them! )
4  Economy / Marketplace / OPEN SCAMMER Alert! Name + info within, DONT GET SCAMMED on: June 07, 2011, 03:33:18 AM
His name is Paypal.  He has been fraudulently canceling transactions and yet people still trust him.  Don't be a fool.  He goes under many names but eventually he'll always reference paypal, and thats how you know its not going to work out.

Do not trade with paypal.
5  Economy / Marketplace / Clearcoin down? on: June 05, 2011, 12:03:46 AM
Im unable to create any transactions.  Keep getting 500 Server Error.

Just me, or is this the case for everyone?
6  Other / Obsolete (selling) / Selling WoW gold for your BTC - Hydraxis US [closed] on: June 04, 2011, 02:03:23 AM
sold, thanks, maybe more later!
7  Bitcoin / Bitcoin Discussion / MtGox Prices - 48 hours or 1 year.... on: June 03, 2011, 09:43:50 PM
Why is it that there is nothing between these 2 (extreme) values?

I would think it to be very nice to have access to 1-week, 2-week, and 1-month ranges, without being subjected to the visual noise of the "mega chart"

8  Other / Obsolete (buying) / Selling 6.5BTC for $50 USD on: May 26, 2011, 07:57:28 AM
I am a newcomer to selling.  I've been mining for quite some time to support the network, and its time to support my power bills!

Full disclosure:  I have 0 rating on any sites, as this is the first BTC transaction i've levied.  I may need some handholding in using clearcoin; sending btc; receiving them; verifying; etc.

Ideally I'd like paypal as the source of funds.  Forum posts have said that "gifts" can't be chargebacked, so that would be the preferable mode of payment to ensure i'm not scammed.  PM me for detailed info.
9  Economy / Trading Discussion / Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ on: May 24, 2011, 12:37:27 AM

If I sell my BTC, the person buying them can chargeback on paypal/etc
If i sell through escrow, that puts me in the position where they view me as the scammer!  ("But i swear, I sent the goods!  The mail must have lost it!")

Where's the balance for newcomers?  I've yet to transact, but am looking to soon, but it just all seems quite unsafe.

10  Bitcoin / Mining / If difficulty rises at current pace... on: April 21, 2011, 02:56:45 AM
Mining vs cost of electricity of the total system will become unprofitable for me in 4 difficulty changes for one of my rigs, and in 6-7 difficulty changes for the other.  This is assuming $1.25 per 1 BTC also.  Harsh, guess I won't be buying that new video card after all   Sad

This thread is just a heads up to everyone to keep track of your power consumption vs BTC generation.   Always stay on the profit end of that equation!  Sometimes shutting off the minings the right thing to do, sadly...
11  Bitcoin / Bitcoin Discussion / Will bitcoin ever be faster? on: April 18, 2011, 07:49:36 AM
For internet-based transactions, bitcoin working in 10-minute time chunks is ok.  Even when considering you need about 5-10 more blocks to confirm that it isnt an invalid fork, an hour or two is not a long time to wait when you consider internet based shopping usually doesnt leave the warehouse before then.

For face-to-face, I just cannot see bitcoin working in the real world with its current time settings.  I'm not sitting around waiting for an hour, nevermind even 10 minutes to ensure the transaction is legit and being picked up by the system.

Why was the choice made to be 50 btc / 10 min time blocks?  Why can't it change to 5btc / 1min time blocks?   Even waiting 1 minute at a cash register is a pain in the ass, but it would bring it a bit closer to real-world use.  With the prevalance of smartphones, and near-field RF, it seems like BTC is so ready to make an emergence into retail / normal use with the strict exception of it's time delay to verify.
12  Bitcoin / Mining / Impact of Difficulty vs. Hashing profit on: April 14, 2011, 05:04:09 AM
As the difficulty continues to rise due to popularity of bitcoin, it is becoming more and more unfeasible to purchase new equipment to mine.

In my locale, it will become unfeasible vs. cost of electricity to mine at around 130k difficulty.  That's fast approaching.

How do you others plan to deal with this?
13  Bitcoin / Bitcoin Discussion / The term "mining" has got to go on: April 04, 2011, 07:41:30 AM
Simply put, the term "mining", when used to describe an activity being done on a computer, sounds like either part of a game, or not a serious thing.

But in essence, our "miners" out there are the transaction processers who help validate the integrity of the currency and relay that information to all the users.  While the basic part of BTC is P2P, it is the "miners" acting as work servers whom keep the ball rolling.

What can be a better term than "mining"?   Every time I think of it, I think it is childish and game-oriented.  I know that there are real world miners out there, and that is not childish in the least bit, but when you attach the term to an activity done on a computer, it just sounds so juvenile.

A few simple suggestions to replace the term "Miner:

Transaction Server
Crypto Server
Hashing Farm

...seriously, anything but miner.   In the short-term, servers make their money by the 50BTC bounty on a block, but they will in the future be making the majority of their money off of transaction fees that they collected while encrypting those transactions.
14  Economy / Digital goods / WTS Warcraft Gold - US Hydraxis on: April 02, 2011, 08:56:04 AM
1000g per 3 BTC, up to 200k.  Discounts for volume  Smiley

PM me if interested, price negotiable, alliance/horde doesn't matter.
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