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1  Economy / Currency exchange / WTB 0.44 BTC with MoneyPak @ BTC 705 - Mpak in hand & Refs. CLOSED on: March 19, 2014, 08:36:56 PM
Post changed for better incentive

I'm now looking to buy 0.44 BTC.  I have a Moneypak for $310.00  This equals a BTC price of 705.00 appx. (100 over spot)

 As with all my past transactions I WILL SEND FIRST, so no escrow needed.  However, YOU MUST HAVE REFERENCES!  I will not sell otherwise.

This method has worked well so far, and ensures NO risk to BTC seller.

 sale transaction will be conducted in this thread for public verification.


Past transactions:

Pic of MP and receipt below a couple posts.
2  Bitcoin / Press / [2014-01-21] World’s First Bitcoin Derivatives Platform Surpasses $35M in Trades on: January 21, 2014, 11:12:20 AM

Trading Site:

This is up from a previous article in November (25);  where passed the 13.5m mark.

230% increase in 2 months.
3  Bitcoin / Press / [2014-01-21] - University of Cumbria to Accept Bitcoin for Tuition Fee Payment on: January 21, 2014, 10:34:53 AM
This will be the world's first public university to accept BTC!!!  that makes 2 total schools;  with cyprus private university as well.
4  Bitcoin / Press / [2014-01-20] -São Paulo to get first bitcoin ATM in South America on: January 20, 2014, 05:21:50 PM
Moar ATM's

Go Brazil!
5  Bitcoin / Press / [2014-01-20] - Bitcoin ATM Installations Surge in Canada on: January 20, 2014, 11:57:27 AM
Very nice to see.
6  Bitcoin / Press / [2014-01-20] - Texas medical clinic accepts BITCOIN as a form of payment on: January 20, 2014, 11:54:03 AM
Very good news here!!  One of the first medical facilities in the world to take BTC.
7  Bitcoin / Press / [2014-01-20] Korea's biggest Bitcoin exchange gets $400,000 from Silicon Valley on: January 20, 2014, 11:48:26 AM
South Korea the next big surge of investors?
8  Bitcoin / Press / [2014-01-20] - Bitcoin Judged Commodity in Finland After Failing Money Test on: January 20, 2014, 11:43:12 AM
Finland jumping into the "what is Bitcoin?" group.

“Considering the definition of an official currency as set out in law, it’s not that. It’s also not a payment instrument, because the law stipulates that a payment instrument must have an issuer responsible for its operation,” Paeivi Heikkinen, head of oversight at the Bank of Finland in Helsinki, said in a Jan. 16 phone interview. “At this stage it’s more comparable to a commodity.”
9  Alternate cryptocurrencies / Altcoin Discussion / Possible Thoughts / Ideas for a new Coin. Real Improvements. Add your thoughts on: June 30, 2013, 08:19:06 PM
My hope here is to merely spark ideas, or better, a discussion on how we (as a community) can develop a legitimate, survivable and working new Crypto-coin.  There are many great people, thinkers, coders, hackers etc. on this site.  There should be no reason, we as a whole, cannot develop a good coin........provided greed, profitability or instant return is left second to design.

I've been watching the alt scene for a bit and pondering various issues (mostly birthing) with these.  As well, I've been digging around various older failed coins from years past; just to learn more.   I've tried to compare why certain coins failed and the few have continued.    I believe there are a few things that can be implemented into an Altcoin that should help birthing, survivability and long-term growth.
I have NO personal interest in developing or being involved in a coin myself.  These are just merely suggestions / other past "fixes" etc that may prove useful today.  This is taking from the assumption that a person is looking to make a "Real crypto" not a pump and dump.  As well this is taking into assumption of said coin possibly being (eventually) a 3rd or 4th running coin.  E.G- Copper relation

It seems we can bulk most coin fails into a few categories;  Pre-mine, failed launch and exploits.  
I did not include "clone" coins as a category for failure; as it seems they failed primarily from exploits or pre-mine rather than being a clone itself.

Another key point, if we are to consider crypto successes BTC and LTC;  NEITHER of these coins were developed or released with Profit, Quick return, or dollar value in mind first.  Specifically with BTC, it had a high chance to never reach even 1 dollar in value; yet people mined and supported.  It seems now, people place dollar value or quick return AHEAD of design, innovation, development, philosophy of the coin, etc.  Ultimately, if this is ones' mindset, there is no need for improvements or innovations;  however I hope that is not the case, with the community at large.

It seems there are a few "given's" that will have to be accepted with any new release;
-Insta-mining will be attempted
-pump and dump is first assumption
-large early hash rate fluxuations
-extreme likelyhood of exploitation attempts
-high public doubt of scam intent
-high 51% attack vulnerability depending on algorithm

Ok so onto specifics.

The obvious;
-Pre-launch thread announcement that is separate from the "ANN release thread" and a minimum of 1 week lead time from launch.
-Have a public vote for release Time in the pre-launch thread.
-Have a Testnet operational for the coin during the pre-launch window.  This will let dev's hash bugs and users to get their systems setup and ready. (similar to LTC)
-Have Linux, Mac and Windows downloads available at the beginning of pre-launch
-Have a website and pool(s) available at the beginning or durning pre-launch window.
-No Pre-mine!  Genesis Block(s) only.  Pre-mine was not used in either LTC/BTC (yes genesis).  

Thoughts on General aspects;
(numbers variable to some degree of course, not a big deal for most items.  Current numbers are appx. 36% more than LTC, so 2/3 relative value)
-110 second block time (1 min 50 sec). Satoshi chose 10 min for "long-term" latency issues.  General discussion area also talked of lowering BTC time.....2 min is about lowest.  Lower times increase vulnerability.
- 8 Confirmations  You can read up on orphan rates relative to confirmations.  but here, 8 will be more secure (relative to hash power req'd to orphan) than BTC or LTC AND less total time. (Total Confirm time: 14:40) Main reason for 110 sec blocks.
-785 Blocks per day (appx)
-120 Million Coins total
-Halving @ 1,145,433 Blocks (appx 4 years)
-50 Coins per block ***Ancillary Variable, see below
-39,272 Set coins per day
-Difficulty re-target every 2356 blocks (appx 3 days)  
-Primary difficulty use standard *4/4
-Starting difficulty of 1 **see algo below

Suggestions for Innovations / Improvements:

-Correct off-by-one difficulty re-targetting
(not been done that I know of) Not an issue for BTC anymore, any startup coin should fix this.....

-Lower Acceptance window!!!  This is and has been an issue for recent altcoins and forks.  Lowering the acceptance window, alone can help reduce exlploits and 51% attacks;  but is only part of the solution.  With the above suggested block time;  I would recommend a window of 20-30sec. Must be < 1min. to properly use the variable block reward shown below.

-NTP Timestamp fix from GG.  In order to properly utilize the point above and below this is required!  This patch virtually eliminates "Time Fixing"......another issue with some recent coins.

-Variable block reward.  Though it may not appear as such, this is one key component to prevent exploit, insta-mine and 51% attacks.  It does REQUIRE the NTP fix from GG to prevent time fixing though.  The system here can be thought of as a 1 block re-target (ONLY in terms of reward!).  The applied formula would be fairly simple:  (Block Find Time / Block Target Time)*Block Reward.
   For example, if we assume above 110 second block and 50 coin reward;  A block found in 30 seconds would pay (30/110 =.2727*50) 13.636 Coins for that block.  In contrast, a block found in 200 seconds would pay (200/110=1.818*50) 90.909 Coins for that block.  This method should have NO cap on +/- adjustment as it is ONLY for a block payout not actual difficulty.  
This ALONE can add several huge features to a coin.  
*Exploitation and 51% resistance via diminishing returns. There is no way to prevent exploit or 51% attempts; however this should "de-incentivize" an attack dramatically (to the point of not profitable).
*Helps prevent Insta-mining early at low difficulty via diminishing returns.
*Helps reinforce and stabilize hash rate to appropriate block times for any given difficulty.
*ADDS incentive for miners to support the network during starting / slow times; or even if difficulty has been "left high". (e.g. from higher block reward with slow "under hashed" finds / times)
*Does NOT remove underlying RNG from block finds;  only institutes proportional payouts of said luck.
*Improves Coin generation stability over long periods for miners; relative to their speed.
*Bypasses many of the issues caused with long difficulty re-targets and newer coins. Thus allows longer targets,  like 2356 as suggested and a *4/4 without issue.

-Super Scrypt Algorithm.  Though not technically a new name from is time.  Scrypt Parameters (4096,2,1)  
GPU is pretty much out of the game for BTC and if LTC's value increases well over the next year or so;  GPU will be out for it as well.  ASICS and FPGA's have and will come into the scene as profitability and market capitalization increases.  Now is a good time to implement the next level of Scrypt.  
*A GPU miner program would need to be altered to allow these parameters.   In a perfect world, one of the community involved would have the miner ready upon coin release.
*This "SHOULD" put the Cache required per thread above what current ASICS and FPGA's utilize;  without eliminating GPU processing as we have now.
*Offers the next level of ASIC and FPGA resistance.
*Would be a slower H/s than LTC given equal GPU's

-Bounty creation.   I do not really consider this a requirement in the least and a good supported coin will not need it.  However, I understand that this is a huge meme and carries some weight....So...
A bounty could possibly be derived from several sources without the need to pre-mine / insta-mine.  
*Dev created pool(s) available at launch can initially use all pool fee's towards a bounty wallet.
*Dev/ support team created lottery, gambling, etc type site can initially divert all revenue towards a bounty wallet.
*Donations could be accepted on forum threads and on website.  
*A donation pool could be created initially, where all proceeds would go towards the bounty wallet.  Miners could then "donate" hash power
*Dev/support team can run some of their own miners temporarily and devote proceeds to a bounty wallet.
*Dev/support team could invest some of their own crypto funds into a bounty wallet.
***Any bounty wallets should be publicly shown / tracked as well as payouts.  

I think overall a coin like this could be supported, grow long-term, be fair and offer the highest exploit and 51% resist (of any coin so far).  These are just some thoughts.  It would be nice to hear what others thought or ideas others may have.  It would seem as though, if we as a community helped come up with ideas (not thinking of profit first);  there indeed could be another really successful coin.

What do you think?  What could be improved?  What could be added?  Would it work?  

Anyway, I guess these are just some thoughts.  Sorry to be long.
10  Alternate cryptocurrencies / Altcoin Discussion / Houston,.....It appears we have a problem (FTC) on: June 29, 2013, 04:41:08 AM
Me thinks something is not right on FTC.  Wanted to post as I happened to be watching at the time.

There is definitely some "gaming" (not sure Fork or Warp) going on right after last difficulty change.

Diff change @ 43344 block.   Hash went from 3.2Ghs to 5.4Ghs instantly.  I cannot find pool that hash is coming from

Look at time stamps starting at diff change block here:

43344 (1:34 sec to find) (2013-06-29 04:08:57)

43345 (40 sec to find)  (2013-06-29 04:09:37)

43346 (1:40 sec to find)  (2013-06-29 04:11:17)

43347 (23 sec to find)  (2013-06-29 04:11:40)

43348 (NEGATIVE 23 sec to find!!) (2013-06-29 04:11:17)

43349 (9:17 sec to find)  (2013-06-29 04:20:34) Value out: 6,440.71716061

43350 (14 sec to find) (2013-06-29 04:20:48)

43351 (23 sec to find)  (2013-06-29 04:21:11)

Seems we have 2 blocks with the same time stamp with one block in between showing a later stamp?  Also a long 9 minute delay on that block before resuming low block find times (appx 23 sec).  
Something ain't right here.

Hope maybe the devs will see this here as I don't have a acct on their forum.  Wanted to try and make it known to help at least.
11  Economy / Economics / Shortest path of least resistance to an end goal? on: June 29, 2013, 01:20:23 AM
Being one that tends to avoid conflict; I'm curious if there's a rather direct approach to satisfy all parties / goals, without unnecessary complications.  This, in regards to full implementation of both BTC and legal structure in countries.  I would be curious what others think; though aspects of this have been discussed before, just not necessarily from this P.O.V.

So where is BTC now?.....

"First they Ignore you,
Then they Laugh at you,

Then they fight you,            <<<We are here
Then you win."


"Step 1 Collect Underpants,
.                                      <<<We are here
Step 3 Take over the world"

Now with either of the above quotes;  we only have one step left.  "then we win" and "take over the world"  It would seem however there is no "real" plan-of-attack from our current collected underpants and taking over the world.

So far 2 players have stepped up to make their initial decisions;  Though it seems some are mainly struggling with spelling atm BitCoin, Bit-Coin etc.   
US says  "It's a currency!!!"
" In contrast to real currency, "virtual" currency is a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency. In particular, virtual currency does not have legal tender status in any jurisdiction. This guidance addresses "convertible" virtual currency. This type of virtual currency either has an equivalent value in real currency, or acts as a substitute for real currency."
Germany Says "It's a commodity!!!

"......the German language publication Die Welt declared that profits from the sale of bitcoins held as an investment are exempt from taxation if the coins are held for over one year."
"This parliamentary ruling defines bitcoins as a privately held movable asset which as a classification are subject to capital gains tax only if the asset is sold within a year of purchase. "

Would it not be most logical, "at this current juncture and point in regulations with countries", to do the following:

1) Move BTC towards being a Commodity, rather than a currency.  (E.G- Follow German interpretation of "Moveable Asset")
2) If BTC was a Commodity there would NOT need to be any "new" laws created to deal with the exchange or transaction of such commodity in any country.
3) Simple "constructs" defining BTC / Crypto as commodities and connected to, such existing laws;  To validate the Crypto in said country, would only be required.

4) Allow global adoption, deflation and subsequent stabilization; to continue for X period with a target value (assume, exceedingly high at this point)
5) All / or some Countries "choose" to use BTC as a "Global Reserve Currency" (assumption being current financial situation is unsustainable in certain areas)
6) Any Country(ies) that choose this reserve then create their OWN currency, off the BTC reserve; to use within their governed body. (E.G- every country could have its' own or several EU "style" variants)

Any Country (or group of countries) now have created a new strong currency with which, they can move forward;  without collapse and without loss of their sovereign wealth.  This path would allow many benefits to all parties at, in general, a low risk. 
-BTC can gain the global adoption, pricing, strength and stability it was designed for. 
-Individual countries can still have their own currency and "do as they wish"; while still utilizing BTC as both the reserve, as well as, international transactions. 
-Countries would not, then, need to compete on which, or how many total currencies there are;  (E.G. no forced global or semi-global single currency) 
-Countries could easily transfer monies to other countries via the reserve coin BTC;  simplifying even international trade beyond current.
-This could bypass, to a large extent;  the possibility of a large economic recession / depression on a global scale, as a direct result of debt load, inflation, etc etc.
-it would then be in all parties "best interest" to maintain stability and high value of BTC on a global scale; thus further stabilizing the global reserve itself. 
-Many Long term issues with BTC; latency, transactions, block size etc. should be avoidable / marginal if the final utilization is as a reserve instead of a currency.

-BTC cannot be integrated to any country, as a currency, without complete development and regulations for adoption (for EVERY country to be global!).   Solved above?
-It is very likely, on the current course;  that some countries may ban (or make altogether impossible) the acquisition or use of BTC, as it's direct competition. Solved above?
-BTC as a dominate direct currency cannot become global (e.g. step 3 take over the world) without a collapse of the current system *at some point*.  Solved above?
-Current banking systems, corporations, and governments are not likely to allow a new "currency" to proliferate if it, in any way, hurts their long term viability.  Solved above?
-With current global political situations (and near future), it is not likely that ANY singular (or nearly singlular) currency could be agreed upon, nor would ever.  Solved above?
-It is entirely possible, if not likely that; some countries, groups, or individuals will not be ready to adopt a fully digital currency system yet.  Solved above?



I apologize for not including more personality in the text above, however I wanted to keep it somewhat "bulleted" and short.  I'm sure I am missing some items or perspective here, but wouldn't something like this be a "path of least resistance"?  Would this also be the shortest path to the end goal "Then you win" and "step 3 take over the world"?
Finally, what are your thoughts?

12  Alternate cryptocurrencies / Altcoin Discussion / 2 million coins in under 6.5Hours? 27.5% of current total? Should I trust this on: June 14, 2013, 10:43:35 PM
I have been seeing a lot of chatter on all these alt coins recently and was debating a little about FTC.  I try to research things a bit, since these new alt coins are so young.  This, however led me to a concerning find.  Maybe I'm not looking at it right, but;

-why were so many coins were minted so fast?
-How could 27.5% of the total Current coins have been mined in that short of time?

Charts I looked at:    (Block 1)  (Block 10,000 @ just under 6.5hrs 2,000,000 coins) (total current coins)

Since I've seen FTC compared to LTC some I checked there also to get an idea how It's release went (since it's about 2 yrs old now)

First Block was mined a bit less than 24hrs after announcement on the forum here   (side note didn't realize IXcoin and Stablecoin were released before)  (Block 1) (Block 40,000 @ 50 days 2,000,000 coins)

LTC 50 days to reach 2,000,000 coins (18,489,000 current total coins)
FTC 6.5 hours to reach 2,000,000 coins (7,272,200 current total coins)

Should I stay away from it as these figures worry me some?
Any help / thoughts would be great and TY
13  Alternate cryptocurrencies / Altcoin Discussion / BTCe Down....... on: June 11, 2013, 05:23:41 PM
Not sure why, but title says it all.   Maybe I check out for a bit

anyone have thoughts as to what's up?
14  Alternate cryptocurrencies / Altcoin Discussion / What is all this "Unkown" suddenly on LTC's network hashrate? on: June 10, 2013, 02:19:00 AM
If anyone has been watching the hash distribution for LTC.  You surely have seen the "unkown" spikes in hash rate.   I wonder with coinotron down atm if they may actually cause problems.  Currently Unkown has 32.9% total network hashrate.

Could they actually 51% LTC?
15  Bitcoin / Bitcoin Discussion / So, are there ANY US Compliant Money Processors? on: June 06, 2013, 04:55:23 PM
I'm curious now, with all the recent closures and such.  It seems a lot of companies are "discontinuing" service with USD or BTC recently.  I suppose these, then, are obviously not compliant and trying to stay safe.  However, I'm left with the question;  "So, are there ANY US compliant Money Processors?"

I noted from the 2013 conference, that Zip Zap (among others) did speak in regards to FinCEN and associated requirements.  I also note, Bitinstant (who uses Zip Zap) located within the US; is still accepting payments.
I would rather not make assumptions at this point, but I am interested to see who IS compliant. 

**Since it takes 18 months to become compliant (from what I understand), this is a key point; In my mind at least.

Does anyone actually know?
Is there a listing somewhere of "compliant processors"?
and of course,
Are there ANY US compliant Money Processors?
16  Economy / Currency exchange / WTB BTC with MPAK - 250.00 Mpak and references. (closed) on: May 21, 2013, 05:04:48 PM
Hey, finally got a bit more to spend on BTC; YAY!

I have a Mpak for 250.00 currently.  So, I'm looking for a single transaction.  As with all my past transactions I WILL SEND FIRST, so no escrow needed.  However, YOU MUST HAVE REFERENCES!  I will not sell otherwise.

This method has worked well so far, and ensures NO risk to BTC seller.

 sale transaction will be conducted in this thread for public verification.

I'll offer the 250.00 for 2.05BTC  (appx. 122.00 even)


Past transactions:
17  Bitcoin / Bitcoin Technical Support / Help! Transaction not confirming can anyone help? on: May 15, 2013, 02:52:04 AM
Hi, I tried to send 1 btc (my third time ever to send).  It has been an hour and still showing 0 of 6 confirmations.  Can anyone help?
Send Address:  131HToGCY9zx9Y5cDAF6ZiZWmroLceDFmA
Transaction ID: cb64d969c97e0c497eb138f6657046e9474f8925b07d5c4eee675a89534a5738

I didn't think it was supposed to take this long or did I mess something up?  I DID triple check the address given by btce, so that's right I guess.  My 2 other transactions I've ever done went through after a while, but I got one confirm within 20 min.

Any help is greatly appreciated.
18  Bitcoin / Mining support / Are all hashes created equal? Do they share and share alike? on: April 27, 2013, 01:49:34 PM
I was wondering if there is any normalcy to the quantity of shares a GPU submits per minute; given a particular hash speed?  I know this is variable with a lot of factors; but I'm sure people MUST have "target ranges" they expect to see right? 

From what I can dig up online; it seems;

BTC averages 10-15 Shares per minute per 1GH/s   -  Is this correct?
LTC averages No Clue Shares per minute per 1MH/s - Is this correct?
TRC averages No Clue shares per minute per 1GH/s - Is this correct?

Lastly.  If you had one GPU @ 500 M-KH/s and it submitted say 5 shares per minute.  The second GPU is @ 600 M-KH/s and submits the same 5 shares per minute.  All other things being equal; these are "effectively" the same then right?  Even though hash is different; or am I missing something.

Not sure if this will get answered.  Thank you if so.
19  Bitcoin / Mining software (miners) / What are typical "expected" U/m for BTC,LTC,TRC etc on: April 26, 2013, 01:34:48 AM
I hope this is the right section to ask this question, but here goes.  Having only done a small bit of mining myself got me curious about typical shares per Min (U/m) for various crypto's.  Most of the talk is, of course, on hashing rate and low rejection; so I've had some trouble getting an idea for here.  It would be nice to include that one the mining comparison chart maybe.

So, what IS / ARE typical U/m rates for various speeds with the different coins?  Possibly to make things more simple; we can assume a given hash rate for all cases (if possible).

1. What do you all consider "expected" U/m per 1MH/s on LTC?

2. What do you all consider "expected" U/m per 1GH/s on BTC?

3. What do you all consider "expected" U/m per 1GH/s on TRC?

Any thoughts or ideas would be greatly appreciated.  Thank you ;P
20  Other / CPU/GPU Bitcoin mining hardware / One question to anyone familiar with 3-4 GPU / OC and Gpu-z (solved) on: April 19, 2013, 12:06:05 PM
Ok, I have the Gigabyte 990FXA-GD80 Motherboard (I know many have also).  3 of the Powercolor
I have only run 3 for a couple minutes yet; waiting on risers.  However, I've tested all the cards for setup in all possible combinations for all 3 cards now.  I assume it's similar to other Mobo's for GPU plug in. (slot 1 for one card, slot 1,3 for dual and slot 1,2,3 for triple)

Here's the question and I cannot find an answer anywhere.  No matter what GPU I test or combo of three for slot placement, one thing is always true;

With Gpu-z;  The VDDC current of slot 1 NEVER exceeds 20A (not correct) max mining.  However, any other slot (2,3,4) WILL run 100+/- amps (correct).  As well, Slot 1 will not go over 96% gpu usage even OC, PT+20, and -I 20 on miner!

Sooo, why does slot 1 have such low current no matter which card? E.G. - is this normal for all your setups or maybe a bad mobo on slot 1 pci-e?

If anyone can help here it would be appreciated greatly!

Anyone with multi GPU and the software Gpu-z can test this to see also, I guess  <link for software

EDIT: added GPU-z to show what I mean better.  (PSU is 950w and whole system is 600w with 3 card)

Screen Shot of any of the 3 GPU in slot one; 96% max and 20A max.

Screen Shot of any of the 3 GPU in slot 2,3; 99-100% Max and 100A+
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