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1  Bitcoin / Electrum / Re: Storing my seed in Lastpass on: May 19, 2017, 04:13:27 AM
Bumping an old thread to add my $.02

Storing your seeds online is no good. 

I personally use lastpass for all my passwords.  The data are encrypted client side and never transmitted or stored unencrypted on Lastpass's servers.  They were hacked a year or two ago but the databases storing the encrypted passwords were not compromised.  I believe they only got user information.  Lastpass caught the hack themselves (either in progress or shortly afterward) by detecting an abnormal traffic pattern between some of their servers. 

So while I trust my encrypted passwords to lastpass, I don't trust the clients that decrypt those passwords (including my own computer) with my seed.  There are vulnerabilities in Lastpass clients that essentially trick the lastpass extension into filling hidden form fields on a website with all your passwords and posting them to their server behind the scenes.  This may be fixed already, but it doesn't mean another zero-day exploit won't be revealed in the client that can do the same.

Don't trust your seed to an online computer if you care about the BTC that the private keys can access.
2  Bitcoin / Hardware / Re: Recieved 50GH BFL Single Today! on: June 20, 2013, 11:44:45 PM
BFL did not receive bitcoins for preorders.  BFL received USD and allowed customers to exchange BTC for USD using BitPay for their own convenience.
Customers paid in BTC. Bitpay acted on behalf of BFL (like a bank or credit card company would) to receive that BTC. What BFL instructed Bitpay to do with that BTC after receiving it is BFL's business. If BFL received USD from Bitpay, then it was only because BFL instructed Bitpay to convert the BTC into USD.

When a customer placed an order they immediately exchanged their BTC for USD and used that USD to pay for the order.  This is exactly the same as if you sold bitcoins for cash, deposited cash into your bank account, then used your debit card to pay for the preorder, except that it is much much easier and quicker.  BFL did not gamble on any currency, they did exactly the opposite.  
You clearly did not read the bitpay faq here: https://bitpay.com/faq
Bitpay does what the merchant instructs with the funds. If BFL wanted the BTC so they could escrow it and refund it like they claimed to, then Bitpay would have sent them BTC. If BFL wanted to instead spend that BTC on operations and development, then Bitpay would have converted it to USD for them.

My mistake, you are correct.  Didn't realize there were multiple options for what happened with your funds.  
Can someone point me to the post where BFL says they kept the funds in bitcoins?
BFL says they kept the funds in escrow so that if customers wanted a refund they could depend on their funds being there. The only reason BFL would convert them to USD would be to spend them on something which they promised they would not do until the orders were shipped.

Or because they didn't want to base the entire future of their electronics manufacturing business on a highly volatile currency. The USD is probably not going to crash in price overnight, but bitcoin could and has.  You're telling me you'd trust a company *more* if they kept their holding entirely in BTC?


Quote
Also, I can't seem to find a screenshot of BFL's page showing the prices in bitcoins.  Link?
The price in bitcoins is shown when you get to the checkout screen having chosen "pay with bitcoins".

So the prices were all posted in USD?  And customers who want to purchase the devices saw a price in USD that they agreed to?  
3  Bitcoin / Hardware / Re: Recieved 50GH BFL Single Today! on: June 20, 2013, 11:33:20 PM
FTFY.



lol excellent
4  Bitcoin / Hardware / Re: Recieved 50GH BFL Single Today! on: June 20, 2013, 11:19:43 PM
BFL did not receive bitcoins for preorders.  BFL received USD and allowed customers to exchange BTC for USD using BitPay for their own convenience.
Customers paid in BTC. Bitpay acted on behalf of BFL (like a bank or credit card company would) to receive that BTC. What BFL instructed Bitpay to do with that BTC after receiving it is BFL's business. If BFL received USD from Bitpay, then it was only because BFL instructed Bitpay to convert the BTC into USD.

When a customer placed an order they immediately exchanged their BTC for USD and used that USD to pay for the order.  This is exactly the same as if you sold bitcoins for cash, deposited cash into your bank account, then used your debit card to pay for the preorder, except that it is much much easier and quicker.  BFL did not gamble on any currency, they did exactly the opposite.  
You clearly did not read the bitpay faq here: https://bitpay.com/faq
Bitpay does what the merchant instructs with the funds. If BFL wanted the BTC so they could escrow it and refund it like they claimed to, then Bitpay would have sent them BTC. If BFL wanted to instead spend that BTC on operations and development, then Bitpay would have converted it to USD for them.

My mistake, you are correct.  Didn't realize there were multiple options for what happened with your funds.  
Can someone point me to the post where BFL says they kept the funds in bitcoins?
Also, I can't seem to find a screenshot of BFL's page showing the prices in bitcoins.  Link?

Quote
At this point I can't tell if some of you are trolling or if you're actually this moronic.  
At this point I can tell you didn't pay 200 BTC for a product in June 2012 only to have 12.5 BTC sent back to you now.
[/quote]

I'd never be so stupid to pay 200BTC for a product if I knew the same BTC would be worth 1600% more a year later.  What were people thinking?  Why wouldn't they just pay in USD if BTC was going to skyrocket?

5  Bitcoin / Hardware / Re: Recieved 50GH BFL Single Today! on: June 20, 2013, 10:47:13 PM
BFL did not receive bitcoins for preorders.  BFL received USD and allowed customers to exchange BTC for USD using BitPay for their own convenience.

When a customer placed an order they immediately exchanged their BTC for USD and used that USD to pay for the order.  This is exactly the same as if you sold bitcoins for cash, deposited cash into your bank account, then used your debit card to pay for the preorder, except that it is much much easier and quicker.  BFL did not gamble on any currency, they did exactly the opposite.  

At this point I can't tell if some of you are trolling or if you're actually this moronic.  
6  Economy / Auctions / Re: WTS 50 Direct ASICMINER shares. 48 Hour Auction. on: June 20, 2013, 09:40:42 PM
5 @ 2.6 via JohnK
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Giveaway! on: June 13, 2013, 06:00:45 PM
rU8mGxRhBDVrT8oBo8B1Ppzrv3onK17XGw
8  Economy / Currency exchange / Re: Paying Volunteers to Test CoinGator.com Back-end! on: June 13, 2013, 05:21:02 PM
Here's a great deal! Price 15 BTC

The coingator.com domain, scripting, etc. will be included with the sale. A fully functional BTC > PayPal exchange.

http://www.coingator.com

Wait, you're selling coingator now for 15BTC?  What gives?  Nasty emails from Paypal?
9  Economy / Digital goods / Re: **FREE** Microsoft Office 2007 Retail Licenses **FREE** UPDATED!! on: June 07, 2013, 05:36:26 PM
I would love one if you have any left.

Thanks!
10  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 17, 2013, 06:14:36 PM
Well that escalated quickly
11  Economy / Service Discussion / Re: It is in Pirate's best interest to return all bitcoins FASTER on: August 23, 2012, 07:19:07 PM
It is in Pirate's best interest to not return any bitcoins
12  Economy / Goods / Re: [WTS] 5x Sapphire 5830, 5870, 5770 - Free dummy plugs! (USA ONLY) on: September 27, 2011, 05:15:46 PM
Payment is pending for all 7 cards.  Will update if it falls through

*EDIT* All cards sold.
13  Economy / Goods / Re: [WTS] 5x Sapphire 5830, 5870, 5770 - Free dummy plugs! (USA ONLY) on: September 27, 2011, 04:45:19 PM
I'm a member of the twoplustwo.com poker forums (same screenname) where I have been posting since 2004 and have 14k posts.  I could probably find a few of the other members that exist on both sites to vouch for me if that will help.
14  Economy / Goods / Re: [WTS] 5x Sapphire 5830, 5870, 5770 - Free dummy plugs! (USA ONLY) on: September 27, 2011, 04:33:14 PM
please resize your pictures

hugs

Jen

lol whoops!  I created the post from my iPhone where every picture looks huge

Edit your post and use the BBcode [img width=300 height=400] (or vice-versa for the landscape pictures). They will still be large, but will be resized by browsers.

great tip, thanks!  i already resized the source images instead
15  Economy / Goods / Re: [WTS] 5x Sapphire 5830, 5870, 5770 - Free dummy plugs! (USA ONLY) on: September 27, 2011, 02:58:04 PM
Seattle area.  Zip code 98004
16  Economy / Goods / Re: [WTS] 5x Sapphire 5830, 5870, 5770 - Free dummy plugs! (USA ONLY) on: September 27, 2011, 02:30:06 PM
please resize your pictures

hugs

Jen

lol whoops!  I created the post from my iPhone where every picture looks huge
17  Economy / Goods / [SOLD] 5x Sapphire 5830, 5870, 5770 - Free dummy plugs! (USA ONLY) on: September 27, 2011, 05:29:43 AM

***All cards have been sold***

Selling off my extra mining cards because I don't have time to keep all my rigs running.  Shipping only to Continental US.

All prices are in USD or BTC equivalent. Payment through BTC or Dwolla.

5x Sapphire Radeon HD 5830 Extreme
In original box (matching S/N) w/ CD, manual, molex-->PCI-e adapters as well as a dummy plug (for headless initialization in Windows)

These cards get 320MH/s!!! Great $/MH ratio
$100 shipped each - $95/ea for multiple



Next up is a reference Visiontek Radeon HD 5870.  This is a card *direct* from manufacturer.  Had it running at 423MH/s at 60% fan speed under 70C in a closed case.  Really excellent cards.  Only selling one of my two  Grin  Including Molex-->PCI-e adapters and dummy plug
$220 shipped



Finally an XFX Radeon HD5770.  This was my primary card for a while before I discovered bitcoin mining.  Don't remember what my hashrate was on it as I bought more hardware than I needed and left this sitting in a bag.
Runs great and never caused me any problems
$75 shipped




Here is everything


18  Economy / Goods / Re: Gold AND Silver Bitcoins Available! Starting at 20% Above Spot Price! on: September 26, 2011, 11:07:31 PM
I seriously considered buying these but the pics ruined it. I refuse (REFUSE) to buy an item which carries a blatant advertisement for its manufacturer. It would be one thing to have a small mint mark somewhere, or perhaps the name in small text around an edge but giant letters all across the entire back of the coin is ridiculous.

That is kind of the whole point of the minting.  You have someone to check out if you think it's not the genuine article.  In this case someone can find mybitcoinmint.com and see their acid test, etc.

Look at nwtmint.com, for example

Every one of their silver/gold/etc bars and rounds has an entire side (or two) devoted to the mint that stamped out the item in "giant letters across the entire back". 

Stop being such a nit. If you want to complain, complain about the 20% vig on the coins.
19  Bitcoin / Mining / Re: are they making more 5830's? on: July 25, 2011, 05:27:03 PM
Hmm... i just had an order I placed on Amazon for a pair of 5850 @ $150 each filled, with delivery estimate tomorrow. 

holler?
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining Namecoins is now more profitable than Bitcoins on: July 20, 2011, 08:54:21 PM
yeah I'd say 5 days... NMC price will probably tank before then though
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