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1561  Other / CPU/GPU Bitcoin mining hardware / Re: Tiger Direct CENSORING Butterfly Labs reviews on: February 04, 2014, 04:55:59 AM
I predict another scammy company, Newegg, to come next further increasing bad behavior. They're already selling "Mining Bundles."

What are you smoking? I've been shopping at Newegg for over a decade now and have nothing but positive things to say about them. They have good prices (and sometimes great deals), most items have free shipping (even for inexpensive items), and the two times I had any issues (one with shipping damage and one with hardware not meeting rated spec) they did everything right when it came to resolving the problem.

Newegg is fucking awesome.
1562  Local / 中文 (Chinese) / Re: 【AG亚游集团】比特币如何威胁传统支付工具? on: February 04, 2014, 04:03:00 AM
Google Translate the OP:

Bitcoin is often cited as an unstable digital currency , there was support for it was not good. However , the real value of bitcoins as a payment technology is that it could potentially bring revolution to the traditional payment industry .
Bitcoin to businesses and individuals have provided an extremely cost-effective payment system. Value can not be by passing sensitive information on the transfer of sensitive information and these crimes are likely to be used , in addition, in this system, companies can avoid paying high transaction costs.
However, while accompanied by the emergence of bitcoin people applauded , but it also faces staggering obstacles.
The latest report from BI Intelligence can be learned , how Bitcoin works, when it was converted into the national currency Bitcoin , and bitcoin is When will this take to e-wallet receiver. Report looks at the key advantages of bitcoin currency other than the traditional , but also found the challenge of bitcoins as payment networks face.
The following is a summary of key parts of the report :
Need to give an easy to understand explanation of bitcoins as a payment system is how it works , including reciprocal links anatomy, as well as Bitcoin Bitcoin transactions. Authors believe that the greatest potential for Bitcoin is that it is a global payments network .
Unlike other government-backed currency , Bitcoin has made ​​the maximum amount - 21 million . But every Bitcoin can be divided into 100 million , this feature can allow bitcoins as a payment technology to reach a larger scale.
The average daily trading volume of Bitcoin only $ 89 million , while Visa card daily average trading volume of $ 16.5 billion , MasterCard (MasterCard) average daily trading volume of $ 98 billion .
In short, Bitcoin allows a simple and secure online transactions , eliminating the need for intermediaries. This is thanks to the help of many participants Bitcoin ecosystem , including bitcoin trading center Bitcoin and Bitcoin miners wallet .
Bitcoin third party payment processor already put to use to address price volatility and the length of time and other loopholes that allow companies Bitcoin transactions processed immediately and avoid exchange risk.
However , Bitcoin is also facing other great threats, including vulnerabilities and laws. And now, too much power concentrated in a few hands bitcoin miners and their mining bitcoin will have more weakness.
Even with these obstacles , the authors believe that Bitcoin Compared demonstrated efficient and low-cost features traditional payment instruments that can eventually allowed to attract businessmen , corporate and b2b applications.
1563  Other / Off-topic / Re: If you think you're having a bad day, stop... on: February 04, 2014, 03:29:01 AM
They brought in Joe Namath to do the coin toss.

And apparently he is now a pimp.
1564  Other / Meta / Re: We need a "No begging" policy... on: February 04, 2014, 01:38:33 AM
It seems like there has been a lot of begging threads recently.
1565  Economy / Speculation / Re: BTC-e legal problems? on: February 04, 2014, 12:56:21 AM
Lack of transparency is kind of an invalid point, given that the creator of Bitcoin is just as anonymous as the owners of BTC-E...

Apples and oranges.

Bitcoin is open source software, everyone can audit the code. The block chain is a distributed ledger held on thousands of computers.

BTC-e is a centralized service which holds users deposits. No one can audit their accounts.
1566  Economy / Speculation / Re: What is your answer to "Bitcoin is a Ponzi Scheme" ? on: February 04, 2014, 12:34:14 AM
The satoshi deserves this and that argument is hogwash.

Bitcoin, even if it fails tomorrow, revolutionized the way we store and transfer value. Money will never be the same.

I think a large fortune for giving this to the world is not too much to ask.

The thing is, our opinions don't really matter all that much. Bitcoin has value and he has a whole lot of them.
1567  Economy / Speculation / Re: What is your answer to "Bitcoin is a Ponzi Scheme" ? on: February 03, 2014, 09:09:20 PM
It's not a ponzi scheme per se, but it can still turn out to be a scam if satoshi wants anything for his 2 million bitcoins.

It's a satoshi scheme.

Fuck that, Satoshi deserves whatever he gets should he decide to part with his coins. He certainly deserves to be wealthier than say... the inventor of Facebook (which he isn't even close to yet).

Most people put the figure closer to 1 million, btw.

well bitcoin has potentioally good values but whoever made it could dhave done better than what he did

The world is your oyster. Go do it better.

will you help Me?

I'm happy with Bitcoin, but if you show me something that is better, I will help you by adopting it.
1568  Economy / Speculation / Re: What is your answer to "Bitcoin is a Ponzi Scheme" ? on: February 03, 2014, 08:59:58 PM
It's not a ponzi scheme per se, but it can still turn out to be a scam if satoshi wants anything for his 2 million bitcoins.

It's a satoshi scheme.

Fuck that, Satoshi deserves whatever he gets should he decide to part with his coins. He certainly deserves to be wealthier than say... the inventor of Facebook (which he isn't even close to yet).

Most people put the figure closer to 1 million, btw.

well bitcoin has potentioally good values but whoever made it could dhave done better than what he did

The world is your oyster. Go do it better.
1569  Economy / Speculation / Re: SEEMS LIKE LARGE BTC HOLDERS TRYING TO KEEP PRICE AROUND $800 on: February 03, 2014, 08:57:39 PM
That's not manipulation. Manipulation is when one group has a different set of rules than another group.
1570  Other / Beginners & Help / Re: about bitcoin cold storage on: February 03, 2014, 08:53:01 PM
It's not cold storage if the wallet was created on a networked computer. Cold storage is born offline and remains offline.

Use multiple backups, you wouldn't want to lose your bitcoins thanks to data loss.
1571  Economy / Speculation / Re: What is your answer to "Bitcoin is a Ponzi Scheme" ? on: February 03, 2014, 08:40:22 PM
It's not a ponzi scheme per se, but it can still turn out to be a scam if satoshi wants anything for his 2 million bitcoins.

It's a satoshi scheme.

Fuck that, Satoshi deserves whatever he gets should he decide to part with his coins. He certainly deserves to be wealthier than say... the inventor of Facebook (which he isn't even close to yet).

Most people put the figure closer to 1 million, btw.
1572  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 03, 2014, 05:27:10 AM


Put "Bitcoin is dead" on the valleys and we can replace the entire speculation forum with that single picture!
1573  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 02, 2014, 10:46:44 PM
Wow.  Such crash.  Doge hurtin' today.

Who wants to hold coins that inflate forever when they can hold coins that don't?
1574  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 02, 2014, 08:56:36 PM
What's going on at btc-e? Always lower than bitstamp lately but now its almost $20 difference  Huh

Bitstamp is used more by payment processors like Coinbase/BitPay etc. keeping a steady flow, while btc-e is mainly speculation folk.

Wouldn't that (being used by payment processors) increase the downward pressure resulting in a lower exchange rate at BitStamp?

Do payment processors like Coinbase/BitPay purchase coins?
1575  Economy / Speculation / Re: Speculation Bet: Bitcoin will hit $600 (non-gox price) by 3-22-14 on: February 02, 2014, 08:20:51 PM
I'll take the bet and use an escrow. Looks like I was beaten to the punch though!

Escrow used only.

Accepted. I suggest we use Saltyspitoon (free escrow) as escrow or John K if he is available as an escrow or maged.

Once both parties get their BTC to escrow the bet is official.


CURSES! Foiled again.

Pesky humans...

1576  Economy / Marketplace / Re: Luxury 32 Acre Estate for sale in Bitcoin (Oregon) - Contact me if interested on: February 02, 2014, 08:17:14 PM
Sorry but my 250 bid will be worth $250 million by years end. People will say things like, stupid bitpop bought a house for $250 million!

LOL!

Nice house OP, good luck with your sale.
1577  Bitcoin / Bitcoin Technical Support / Re: bitcoin QT wallet says a different balance if i look at it via blockchain on: February 02, 2014, 08:01:56 PM

typed in my QT wallet address @ blockchain.info and blockchain.info shows my balance less why is that?

Blockchain.info is only going to show you the balance of one address.

The BitcoinQt client has a wallet which can hold the private keys of multiple addresses. It will show you the balance of all your addresses in it's wallet.

You have either sent coins to multiple addresses in your wallet, or you have spent some coins which resulted in coins being sent to "change addresses" which are hidden from the user (but you can still spend coins from them).
1578  Bitcoin / Bitcoin Technical Support / Re: Withdrew bitcoin from Virwox to an offline Armory address on: February 02, 2014, 07:58:55 PM
I accidentally sent some bitcoin from my online account with Virwox to my Armory wallet address before bitcoin-qt was synchronized. It was a beginners mistake and I am still waiting for bitcoin-qt to synchronize. I can't add the Armory address (that the bitcoin was sent to) to the receiving address in bitcoin-qt. What can I do to receive the bitcoin I withdrew? All help is greatly appreciated!

Copy the wallet.dat from your armoury folder, and replace the one already it in your bitcoin-qt. Then your Bitcoin-qt will be using the the address of your armoury wallet.  Smiley

No. Why would you give blatantly wrong information?

OP, there is an Armory subforum here: https://bitcointalk.org/index.php?board=97.0

If you move your thread there, you will probably get help from those involved with Armory.

The bitcoin is not in "limbo", that is not how Bitcoin works. Every coin is stored in the block chain, your private keys in your wallet allow you to access your coins on the block chain. The most important thing is to save those private keys (in other words, don't start deleting wallet files).

As some others have said, once you let BitcoinQt finish downloading the block chain, you can sync Armory, and then you will be able to see and access your bitcoins.

There are also other methods of pulling the private keys out of your wallet should you be in a hurry to access your coins, but these are more advanced user tasks and you should make sure you know exactly what you are doing before attempting them.

cp1 gave a good sequence of steps to view your Armory balances (and ultimately access the coins).
1579  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 02, 2014, 07:34:56 PM
Sup with btc-e overdumping

That is their m.o.

BTC-e BTC/USD correlates better with BTC-e LTC/USD than it does with other bitcoin markets.
1580  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 02, 2014, 07:18:22 PM
Now, on topic:

One would expect that a big "wall" - an offer to buy or sell 100 BTC or more, sitting in the order book - would be a barrier for the price, halting its fall or rise for a while.

But could it be that a big wall also attracts large transactions that "eat" it instantly?  

Yes, walls sometimes attract long term buyers or sellers who are interested in a slippage free exchange rate.
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