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901  Local / Other languages/locations / Re: State of Palestine on: June 12, 2013, 01:58:33 AM
hey why don't the arabs collect their taxes via BTCitcoin, thereby circumventing the jews altogether?

Now that is the power of bitcoin right there   Grin
902  Economy / Speculation / Re: Is the Bitcoin Bubble Over? on: June 12, 2013, 01:57:39 AM
what bitcoin bubble?
903  Local / Other languages/locations / Re: Vatican City on: June 12, 2013, 01:57:10 AM
a little Vaticoin perhaps ??  Grin
904  Economy / Securities / Re: [BitFunder] AMC-The Official Active Mining Cooperative Discussion on: June 12, 2013, 01:39:33 AM
The best way to buy shares of AMC is through bitfunder.com
The price is set based upon supply and demand as determined by the bids and asking prices of people who use Bitfunder.

Hello,
Is it possible to buy shares directly to AMC ?

(...)

Thank you

Actually, that's a very good question. There should be a way to buy shares directly from Ken.

Imagine he posts a batch at 0.0008 and gets immediately undercut at prices like 0.000799, etc, from flippers. Even if cheaper, I don't want to buy from them, I want to buy from Ken.

AMC doesn't see a satoshi from shares bought from flippers, but any shares bought from Ken is a direct AMC investment.

In the end, any shareholder is getting more bang for their BTC by buying shares directly from Ken, as that translates to AMC growth, while buying from flippers does not.

There is another side to the coin which I think few are taking into account.

When we are talking in the real world with new share issues, IPO's and similar - the large investors 99.99999% are able to buy shares cheaper than retail investors.

So, myself for example, I am serious looking at buying a very large number of shares in AMC, but I would not go and by 2,000,000 shares right now from the market (bitfunder) for these reasons:

1. I would be driving the price up in order to soak up 2,000,000 shares - which initially looks good for investors, bad for me, but the price will most likely drop again anyway.

2. Why would I pay more than .0008 on the market, when I know that is the limit set by kslaughter

3. As a large investor, I would most certainly want and hope for a discounted rate than the present market rate.

How that would happen is probably best as a private transaction, but WITH public knowledge. Nothing under the table. I am a firm believer in that.

Then, as it is a private transaction, those shares released would then need to be stapled on to the market again.

My 2 satoshi's as an investor.

And yes, I am seriously interested in a large investment.


905  Bitcoin / Hardware / Re: BFL or Avalon on: June 11, 2013, 02:12:13 PM
Historically, it appears the contrarian approach was generally correct:

First, BFL announces their project and everyone falls in love with it. Avalon announces later and people were told, "Don't waste your time with avalon. BFL will outproduce them and beat them to market: it will never be worth it." At that point, in hindsight, Avalon was actually the better deal.

As the months tacked on, the advice became, "BFL is such a scam, or at least so incompetent, that batch 2/3 Avalons are the only good investment. Even now when Avalons cost significantly more than batch 1. Everyone with BFL orders should get their refund before the ship sinks." Now in hindsight, it appears that BFL is shipping a couple hundred 5 GH/s miners per week based on http://bfl.ptz.ro/, so if the trend continues and accelerates, it's possible Avalon 3s will sink (Avalon 2s may be ok). Those that kept their BFL preorders, or even made new orders, look likely to come out ahead over avalon batch 3.

Now prices have changed for everyone, BTC/$ has changed, and community based Avalon and BFL chip projects are showing up. At this point, the only question is "Who can ship to me first? If both will arrive at the same time, who has less power?" Since there is no Avalon batch 4 (yet), and the the avalon 3rd party systems are in the pre-prototype stage, the only thing left to do is the calculation of whether the USB ASIC miners (blades for high $/GH) are a better deal than placing a bet on a BFL order.

There was also the, "The sky is falling! 100 TH/s added to the network in August! Don't buy any ASIC miner!" based on the amount of money Avalon's chip sales account raised. That has yet to be seen whether to be true, but based on past warnings - the opposite may be more likely.

Agreed

Nice post .. well thought out.

906  Bitcoin / Legal / Re: Decentralized Exchanges Are Illegal. on: June 11, 2013, 09:31:32 AM
fincen = USA

What about the other 95% of the population  Tongue
Also funny that most of these exchanges base themselves in the US.....dat just askin for trouble.

Well not really. The problem is, even if you are based OUTSIDE of the US, how do you accept USD deposits. And how do you send them when they are withdrawn.

That's why Mt.Gox had trouble in the US, they still had accounts there, even though they aren't based there.

So, how does an exchange get around that?

And why do you even need to accept USD?...hell I've been in btc from early on, never seen or touched a USD in my life. Simple don't trade in USD like 95% of the worlds population Wink

My point was that as an EXCHANGE, you would really want to accept USD right? otherwise you are cutting out a big market - ie. all US peeps
907  Economy / Service Discussion / Re: Mt.Gox and Yubikey on: June 11, 2013, 09:29:33 AM
excellent idea - I just finished setting this up on my iPhone ... works perfectly

Thanks Smiley
908  Bitcoin / Legal / Re: Decentralized Exchanges Are Illegal. on: June 11, 2013, 08:03:19 AM
fincen = USA

What about the other 95% of the population  Tongue
Also funny that most of these exchanges base themselves in the US.....dat just askin for trouble.

Well not really. The problem is, even if you are based OUTSIDE of the US, how do you accept USD deposits. And how do you send them when they are withdrawn.

That's why Mt.Gox had trouble in the US, they still had accounts there, even though they aren't based there.

So, how does an exchange get around that?
909  Economy / Service Discussion / Mt.Gox and Yubikey on: June 11, 2013, 07:34:29 AM
I decided I'd better add some better security to my Mt.Gox account, so for the last few days I've tried to add a Yubikey.

But, it goes to this page which has 503 error, which has been like that for days now:
https://yubikey.mtgox.com/

I'm thinking now, is trying to get a Yubikey even worth it?

Are there any best practice methods of keeping your account at Mt.Gox secure?

Cheers

bigdude
910  Bitcoin / Hardware / Re: BFL or Avalon on: June 11, 2013, 07:22:16 AM
he appeared ...  Grin  Undecided
911  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 11, 2013, 07:07:44 AM
they are a business, why would they lower their fees, when they don't have to ?
912  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 10, 2013, 04:28:09 AM
Can someone describe, in layman terms, how this might have been market manipulation?
913  Economy / Speculation / Re: bitcoin - game over on: June 09, 2013, 05:51:24 PM
it was at 87 a few weeks ago and bounced back to 130.  I'm sure you said it was "game over" then too.  If you say that every time it drops, you will be right eventually but wrong every other time of course.

this!

this!
914  Bitcoin / Legal / Re: Decentralized Exchanges Are Illegal. on: June 09, 2013, 05:17:37 PM
fincen = USA

What about the other 95% of the population  Tongue
915  Economy / Speculation / Re: MANIPULATION - NOT PANIC! on: June 09, 2013, 05:14:21 PM
well you've made 10% already  Grin
916  Economy / Computer hardware / Re: 50 GH/s BFL Single SC Preorder for 20 BTC only! on: June 09, 2013, 05:13:08 PM
details?

like ... order number, postal city, etc
917  Other / Meta / Re: New NSFW Category? on: June 09, 2013, 05:11:53 PM
no thank you ... there are like a gizillion and one places to post your NSFW stuff.

keep bitcointalk for, umm, bitcoins
918  Economy / Speculation / Re: I am playing safe on: June 09, 2013, 05:10:25 PM
you sound like a panic seller though ... not just playing it safe
919  Bitcoin / Bitcoin Discussion / Re: 100,000 votes on Dropbox website and counting! bitcoin adoption imminent? on: June 09, 2013, 05:06:51 PM
Look folks, regardless of how much Dropbox is cooperating with the NSA at this point, their service is clearly insecure.  People have had their (unencrypted) bitcoin wallets emptied after saving them on Dropbox.

Serious? Link?
920  Economy / Trading Discussion / Re: What has caused the latest drop > 114USD ( Now 107) on: June 09, 2013, 02:24:33 PM
an unlikely scenario but...  what if btc go down to single digit levels.

LOL WINKLEVOSS TWINS!!!

What if Zuckerberg orchestrates a drop like that just to make the Winklevoss twins look bad?

I lol'd ... how funny would that be
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