Spiral, you made no points to debate that have not been addressed. Moderating to reduce noise is fine. Your thread will be entertained by concerned folks *if* there are valid discussion points. It's a little early to accuse this of being a scam. I would suggest changing your alert to something less dramatic unless of course you are a sock puppet yourself.
Do you even know what a sock puppet is? It means you've got multiple accounts posting as if they were different people. They're used to create a fake appearance of support or obscure a discussion. You've dismissed the concern about money being sent to an address the creator controls before he has developed anything again. What do you think about that? Let me guess its a "risky investment". No. It's not an investment. It's sending this guy money for promises and nothing even as good as kickstarter or the credit card companies to help you out. I agree with you that caution is warranted with sending money. I don't even recommend buying Bitcoin with money you can't afford to lose. Do you have any reason to believe that his 'fake address' scheme of tracking transactions won't work? Good job glossing over the fact that he is currently accepting money into an account without releasing any source code. You have no way to take possession of your "mastercoins" even if he says you have them. This isn't like investing in an alt-coin. It's not risky because it's an online transaction. It's not about whether or not you can "afford to lose the money" (you keep saying that a lot). It's risky because you're sending money directly to a pseudonymous user for nothing but a promise of more money in the future. Aka Nigerian prince scam. The fake address scheme is irrelevant until you explain what is stopping the owner of the "Exodus address" from simply keeping the Bitcoins and walking away. So you are claiming that he is not the panelist at the San Jose convention sitting next to Jeff Garzik. Fair enough. Let's investigate this. If he really is that guy it's still a scammy proposal. He gives no guarantees or goals for his project, releases no source, yet expects cash now. I just don't think someone would be stupid enough to post their real identity when running a scam like this. You never know though, he might think he's smarter than everyone else, criminals often do. In the other thread you posted "if he can convince people to send him the coins he deserves them". Total sociopathic thinking there. After all the scams in Bitcoinland, I understand the paranoia. You'll need more evidence this is a scam rather than a risky investment in not another currency, but a new type of client. Look at ASICs, Trezor, and Bitcoin Magazine to name a few that had donated seed money. We'll see how the devs approach this. I suspect details will be addressed soon enough. |
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You can sign a transaction offline, but the vendor will need access to an internet connection at some point in order to get the transaction recorded in the blockchain.
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Spiral, you made no points to debate that have not been addressed. Moderating to reduce noise is fine. Your thread will be entertained by concerned folks *if* there are valid discussion points. It's a little early to accuse this of being a scam. I would suggest changing your alert to something less dramatic unless of course you are a sock puppet yourself.
Do you even know what a sock puppet is? It means you've got multiple accounts posting as if they were different people. They're used to create a fake appearance of support or obscure a discussion. You've dismissed the concern about money being sent to an address the creator controls before he has developed anything again. What do you think about that? Let me guess its a "risky investment". No. It's not an investment. It's sending this guy money for promises and nothing even as good as kickstarter or the credit card companies to help you out. I agree with you that caution is warranted with sending money. I don't even recommend buying Bitcoin with money you can't afford to lose. Do you have any reason to believe that his 'fake address' scheme of tracking transactions won't work? Good job glossing over the fact that he is currently accepting money into an account without releasing any source code. You have no way to take possession of your "mastercoins" even if he says you have them. This isn't like investing in an alt-coin. It's not risky because it's an online transaction. It's not about whether or not you can "afford to lose the money" (you keep saying that a lot). It's risky because you're sending money directly to a pseudonymous user for nothing but a promise of more money in the future. Aka Nigerian prince scam. The fake address scheme is irrelevant until you explain what is stopping the owner of the "Exodus address" from simply keeping the Bitcoins and walking away. So you are claiming that he is not the panelist at the San Jose convention sitting next to Jeff Garzik. Fair enough. Let's investigate this. |
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Spiral, you made no points to debate that have not been addressed. Moderating to reduce noise is fine. Your thread will be entertained by concerned folks *if* there are valid discussion points. It's a little early to accuse this of being a scam. I would suggest changing your alert to something less dramatic unless of course you are a sock puppet yourself.
Do you even know what a sock puppet is? It means you've got multiple accounts posting as if they were different people. They're used to create a fake appearance of support or obscure a discussion. You've dismissed the concern about money being sent to an address the creator controls before he has developed anything again. What do you think about that? Let me guess its a "risky investment". No. It's not an investment. It's sending this guy money for promises and nothing even as good as kickstarter or the credit card companies to help you out. I agree with you that caution is warranted with sending money. I don't even recommend buying Bitcoin with money you can't afford to lose. Do you have any reason to believe that his 'fake address' scheme of tracking transactions won't work? |
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Spiral, you made no points to debate that have not been addressed. Moderating to reduce noise is fine. Your thread will be entertained by concerned folks *if* there are valid discussion points. It's a little early to accuse this of being a scam. I would suggest changing your alert to something less dramatic unless of course you are a sock puppet yourself.
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The idea is pretty neat. It's understandable to ask for early adopters to crowd fund the project. He has not released any code other than pseudocode, but that is still more than Opencoin has done.
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This is the type of thing that if it works, will be duplicated ad nauseum with many alt "Exodus" addresses. Imitation is the sincerest form of flattery. It will help take Bitcoin to the next level quickly.
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I played for years starting in '04 IIRC. I think I enjoyed the chat more than the game itself. Eve attracts intelligent people. Eve and Bitcoin make a good team. I could see an Eve/Bitcoin radio station as quite entertaining.
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I was holding my shit from going to the toilet, but still nobody would pay me 10k$ for it. But I didn't hold it just overnight. I am holding it right now from April  . I feel realy sick. Words often quoted by mules. |
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We needed another Thailand thread. The purple lights in Pataya will dim for a moment at the passing of Bitcoin. My prediction is that Bitcoin will be around long after Siam changes its name again.
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Trading is actually very low. Most people are holding their bitcoins for much higher prices. Some miners must sell bitcoins to pay for their expenses, but it is less than 1% of the total actually setting the price on a very small market.
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Until there are logical reasons to make Bitcoin illegal, then it is irrational. They fear Bitcoin now, but their greed will overcome the fear in the fulness of time.
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I'm suspicious that MtGox themselves are using their own exchange to arbitrage through personal accounts.
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There shall be No Bitcoin!
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I'm disappointed in you Phinnaeus.
01 = 1
10 = 2
11 = 3
He actually meant "nary" which in old english is defined as "not one." The "bi" prefix is naturally a sexual orientation conjugation he chose to append. |
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MtGox is easiest for those filthy-rich Americans to buy bitcoins and drive the price up, but they cannot sell their bitcoins. The exchanges that offer liquidity are a buyers market. Also, BTC-E has multiple currency pairs and volume for arbitrage. New upstart exchanges are following this model. I am against serious exchanges trading in alt coins if they want to play with the big boys on Forex. I hope that's what MtGox is working on. Bitcoin is more than enough to rock the entire global currency market.
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I was confused about multisig. Apparently BIP 11 only allows for up to 3 signatures due to block size limitations. Perhaps an offline scheme can offer this functionality. I can think of many practical applications including a blockchain based WoT, sweepstakes, and VAT.
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My friend heard it from a tech guy at his school and texted it to me
I'm not going to believe it till it's been retweeted on Twitter. EDIT: Nevermind! Innerpowerastro @Innerpowerastro
RT“@coindesk: Bitcoin activists propose "Bitcoin 2", a currency that encourages anonymity and discourages regulation http://coinde.sk/1388xnc ”
5:34 PM - 26 Jul 2013 After reading the changes they want to make I would be inclined to call it Failcoin 2. Bitcoin 2 will quantum teleport gold atoms. |
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He speaks in code. After all, he is advertising. He states that the best performing currency is Bitcoin after setting up a teaser so people will pay attention. Smart. He then talks about the branding of money and challenges corporations to take the FED head on. Ha! He knows only Bitcoin can do that successfully.
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