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May 07, 2024, 07:37:13 PM *
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1321  Economy / Service Discussion / Re: Am I crazy to verify identity with cryptsy? Social Security #? Driver's license? on: July 15, 2014, 02:12:48 AM
Thought I would chime in here.  I've been using cryptsy for sometime for my alt-coin trading activity as limited as they may be.  For the most part I've found the exchange to be fairly reliable particularly the last 3 months onward I too have been hesitant to provide my personal details to them for account verification.  I too have little doubt as to the their integrity but as mentioned in an earlier post nobody is bulletproof and should their system(s) get compromised by some unscrupulous hacker there's no telling how much damage her or she could do with this kind of information.

*Also a little disconcerting to me that BitJohn wasn't even aware that they do in fact require SSN for account verification (at least for US citizens).  That really doesn't bode well with me at all.
1322  Economy / Games and rounds / Re: [RAFFLE] WIN 180GH/s HOSTED - SUPER CHEAP TICKETS on: July 14, 2014, 05:17:50 PM
What the hell.  Sign me up for 2 raffle tickets. 

pm'ing txid
1323  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! on: July 14, 2014, 05:07:18 PM
Most consumer product laws, and I believe the UK's as well, have no issue with a product being better than promised, but not getting worse.

* They claim increased hash speeds, which is a plus

So far, that's the biggest positive they are providing. Aside from that, they're removing core features (which are still on their product page and design). That's what I'm pointing out.

As to the TOS, they still are outside of the law by claiming partial refund allowance, and by claiming they only take orders from businesses.

I'll say they are.  One of the core features they have removed is the ability to hash!

Essentially I've paid 100% of the cost of their 50MH unit's for nothing more than a series of drawings and empty promises.  I suspect they will be cashing out my satoshi's and sipping mai-tai's by months end :/
1324  Economy / Securities / Re: CryptoDron - Crypto Hedge Fund on: July 14, 2014, 04:20:58 PM
lmfao...minimum 10BTC investment eh?  What a joke.  These scammsters are getting bolder by the week!
1325  Economy / Securities / Re: [HAVELOCK] SCRYPT 4 GH/s hosted scrypt mining project by CRYPTX on: July 14, 2014, 04:18:55 PM
Investing in CryptX sha or scrypt:  Really bad idea!
1326  Economy / Securities / Re: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) on: July 14, 2014, 04:17:06 PM
0.00002086 BTC/share today.
lmao.  Talk about a harsh reality adjustment.  I've gone from thinking this asset would provide me with a decent weekly disposable income that just might grow a bit in value to a steady cheap cup of coffee everyday!  Whoo hoo!

Also agree difficulty will be ramping up here very soon.  Enjoy these paltry dividends while they last fellas.
1327  Bitcoin / Press / Re: [2014-07-14] Bitcoin’s First Comic Book: The Hunt for Satoshi Nakamoto on: July 14, 2014, 04:09:08 PM
Bitcoin to have it's very own comic book soon!  Oh yeah, it's here to stay!! :p
1328  Bitcoin / Press / Re: [2014-07-14] Bitcoin Mining Company Buys Critical Site To Improve Search Results on: July 14, 2014, 04:07:39 PM
Absolutely amazing.  Just when I didn't think that BFL could stoop any lower they come along and manage to get er done.  Absolutely ridiculous company.  Hopefully this result(s) in some sort of investigation that ultimately get's those felons shutdown.  They've been bilking the bitcoin ecosystem for far too many years now!
1329  Bitcoin / Bitcoin Technical Support / Re: Way to fire up Bitcoin-QT once a week to sync blocks, then quit? on: July 14, 2014, 07:55:57 AM
Use Cocktail to schedule regular startup's with shutdown's issued after whatever time period is reasonable given how often you update your wallet and the speed with which your system/connection does it.
1330  Economy / Trading Discussion / Re: Virgin BTC on: July 14, 2014, 05:01:23 AM
i just thought of a good name for a new altcoin
Oh come on...the suspense is killing us (well me anyway).

Whats the name for your new altcoin already?!?! Tongue
1331  Economy / Trading Discussion / Re: Virgin BTC on: July 14, 2014, 05:00:42 AM
why would an individual want to get a "virgin coin" anyway?
Same exact reason they would want a "virgin" physical round silver straight from the mint.  Never been used for anything illicit, no way to analyze blockchain for associations with other addresses. nice shiny condition, etc. :p
1332  Economy / Trading Discussion / Re: Where do you recommend me to buy BTC? on: July 14, 2014, 04:49:43 AM
Might wanna checkout localbitcoins for sellers in your area.  Probably going to pay a premium above current exchange rates but great for piece of mind knowing who your dealing with, etc.

https://localbitcoins.com/country/ES
1333  Economy / Trading Discussion / Re: Borrowing Bitcoin in order to rent hashpower on: July 14, 2014, 04:46:32 AM
Cloud Hashing is a giant black box into which for every $100 worth of fiat or btc you put into, your likely to only get back 63-75% in a 6 month period of time (if your lucky).  After time elapses you can then sell off said cloud hash for roughly 1/25th of it's original value.  What a deal!  Where do I sign up? lol
1334  Bitcoin / Press / Re: [2014-07-13] Pittsburgh Poised to Become First Municipality to Accept Bitcoin on: July 14, 2014, 04:42:55 AM
Way to go Pittsburgh.  Now let's just not drop the crypto-ball eh?
1335  Bitcoin / Press / Re: [2014-07-13] Major Chinese Exchanges Poised To Roll Out Bitcoin Banking Services on: July 14, 2014, 04:41:34 AM
http://www.forbes.com/sites/ericxlmu/2014/07/12/major-chinese-exchanges-rolled-out-bitcoin-banking-services/

Okcoin and Huobi, two leading Chinese cryptocurrcency exchanges, have unveiled their Bitcoin wealth management schemes recently. Right now both only take deposits from invited users, but at least in the case of Huobi, such restriction will be lifted at the end of the month. Apparently the two exchanges have put a great amount of effort in preparation for the services, for instance, both registered their investment subsidiaries in Hong Kong. Given that neither sites are charging fees from regular trading, this new investment scheme can be their hope to turn a profit.
I love the use of the word "scheme".  FYI, I'm reading this as a verb with regards to Okcoin and Huobi.
1336  Bitcoin / Bitcoin Discussion / Re: Kuwait finance firm suggests trading oil in bitcoins on: July 14, 2014, 04:39:32 AM
Oh, this would be genius. There's been talks of moving away from the petrodollar for years now. What if Bitcoin was the new petrodollar? Moon Andromeda galaxy, here we come!
Bitcoin doesn't have enough liquidity to be the currency that oil trades in, nor does it have a large enough market cap.


....Maybe in a few years though
Agree completely.  I suspect bitcoin will need at least a 15-20X increase in current market cap for any serious OPEC players to really consider using in lieu of USD.  Just more saber rattling by the oil-jockeys imho.
1337  Bitcoin / Bitcoin Discussion / Re: the biggest problem with Bitcoin? Nobody uses it ... on: July 14, 2014, 04:37:06 AM
But one difference between 2011 and 2014, the value of BTC. Hard to argue that, right?
b.i.n.g.o and Bingo was his name-o!
1338  Bitcoin / Bitcoin Discussion / Re: HELP CRASH BITCOIN on: July 14, 2014, 04:34:26 AM
I smell a bit of "reverse psychology" at play here :p
1339  Economy / Service Announcements / Re: [ANN] NiceHash.com - innovative professional cryptocurrency cloud mining service on: July 14, 2014, 04:19:41 AM
Bit surprised by the 'profitability spurts' experienced with my few little rig's on nicehash during this past 24h period.  Not that I'm complaining Wink
1340  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread on: July 14, 2014, 04:01:58 AM
Love the concept behind this coin alot.  Useful application of all this computation power...what a concept.

Submitted my vote on Cryptsy to get GRC added.  Still quite a ways behind ALN, MED, and XRP but what the hell. Smiley
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