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761  Other / Beginners & Help / Re: post for ??? on: July 10, 2013, 09:07:33 PM
how many post for send MP

You are looking for Mircea Popescu? Try IRC, he doesn't use the forum much Grin
762  Economy / Service Announcements / Re: [ANN] Bitbond.net – Bitcoin P2P debt instruments on: July 10, 2013, 09:05:32 PM
Interesting. So you will be competing with btcjam for who can host the most scams?  Grin

If somebody does default on a bond, do you have a mechanism to go after the funds?
763  Other / Meta / Posts should be showing up in watchlist but are not? on: July 10, 2013, 08:56:12 PM
I thought I saw this happening a while ago, and I just noticed it for sure happening right now: I clicked on the 'Watchlist' link, didn't see anything there, then I clicked on 'Show unread posts' and as I got to the bottom of the page I noticed a very familiar title, a thread which should be on my watchlist. I clicked back on 'watchlist', but the new post was not there. Sort of confused, I read the new post in the thread, and was going to add it to the watchlist, but I noticed instead of a 'watch' link in the thread it has the 'unwatch' link. So the post should have been in my watchlist but it was not. Is this a glitch in the forum software?
764  Economy / Service Discussion / Re: DO you think RIPPLE HAS A BRIGHT FUTURE ?? on: July 10, 2013, 06:50:03 PM
No future, because it's closed source and centralized...  I see it as kinda Liberty Reserve 2.0 !



you are a dummy ripple is obviously too complex to understand for you

Yeah, many bitcoin hoarders do not understand, how much more beneficial it is to trade bitcoins through ripple, instead of mtgox. This is due to lack of brains perhaps.

Meanwhile, the ripple system is complex to understand, but easy to use. It allows you to buy (or sell) bitcoins from any person in the world without direct connection to this person. You just pay your local currency to your local gateway, and the guy receives his local currency from his local gateway. The system automatically looks for best possible path and does all necessary exchanges. And it works surprisingly well.

Local gateway == centralization.  All local gateways must be regulated money transmitters and they then tie your wallet to your ID.   It is a common interface to many different 'centralized exchanges'.   Remove all regulated & public entities from the ripple system and how would it function?


Anybody who wants can act as a gateway. You just have to convince other people to trust you. A 'Local gateway' is just whoever you have set up arrangements to allow trading of ripple credit for non-ripple credit.

765  Other / Off-topic / Re: best movie you have ever seen in your life on: July 10, 2013, 05:18:52 PM

Maybe they just have not seen very many movies?
766  Economy / Speculation / Re: Still looking on charts? on: July 10, 2013, 12:58:25 PM
I have been looking at all of these same news articles and thinking the same thing.  I am surprised that Bitcoin has not risen substantially from the positive news right now, but I guess it takes time for these things to catch up.  Also, people are probably too emotional about the drop in price and cautious about buying in again waiting to see if the price is going to move back up or down further.  I think some people will be disappointed when they are not able to buy back in lower though.  There is some great things happening and any of these things could cause a huge jump in price, perhaps one that will cause the price to never fall below triple digits again.  Just my thoughts.

The price is rising. Remember, in order to maintain an even price, due to mining, BTC has to beat its built-in 16% inflation. (Admittedly, the dollar is inflating too so it's jelly all around.)

Bitcoin monetary inflation is down to around 11.5% right now, but your point is correct that it is still higher than the base USD inflation, and likely will be until at least the next halving (2017).
767  Other / Politics & Society / Re: Assault weapon bans on: July 10, 2013, 12:51:25 PM

What is a high capacity for a pistol, more than 6? more than 10? just about any magazine fed pistol you can slap in an extended magazine in place of the regular one.
In the recent American bleeding heart liberal guncontrol clusterfuck, it was more than 7 in one version, 10 in another. 

So....what do you mean, you didn't know???

How can a person be expected to know and follow all these arbitrary rules?
768  Bitcoin / Project Development / Re: Peer to peer microlending service done right! on: July 10, 2013, 12:47:28 PM
Ripple is a scam

Do not use it

I keep seeing people saying that with no arguments to back it up. How is it a scam? To keep things on topic: If it is a scam, how could one make a microlending platform not be a scam?
769  Bitcoin / Project Development / Re: Peer to peer microlending service done right! on: July 10, 2013, 12:30:50 PM
Except the problem with Ripple is it assumes all debt as equal. A $5 IOU from your bank is different form a $5 IOU from your best friend, even through you may trust them both.

Then that is something you should keep in mind when you set up your trust lines. If you do not want your friend's debt rippling through you to your bank, all you need to do is make sure the only person you trust in that currency is the bank, and you can trust your friend in a different currency.
770  Other / Politics & Society / Re: Assault weapon bans on: July 09, 2013, 11:20:21 PM
We also have plenty of people that goes nuts for no apparent reason, but its just they do not even know how to use or where to find a gun, and any other weapon is simply uneffective and definitely not as cool as an "assault rifle" when planning to cause as much death as possible.


9/11 terrorists used boxcutters to hijack planes and kill thousands. Boston Marathon was hit by a bomb. There was a guy who got mad and drove his pickup truck into a crowd killing tens of people.

There are lots of ways to kill/hurt many people without using an assault riffle.

Oh, and actual assault riffles are already highly regulated under machine gun regulations, so very few mass shootings are done with assault riffles. That is why they had to invent the new category "assault weapon" to ban, which is essentially just "rifle which looks scary".
Don't forget the latest iteration of this nonsense, "assault pistol", which includes all pistols with a "scary high capacity magazine", which basically is everything being sold today.

Certainly it includes all the Glock pistols, which is the most popular product.



What is a high capacity for a pistol, more than 6? more than 10? just about any magazine fed pistol you can slap in an extended magazine in place of the regular one.
771  Economy / Speculation / Re: I have seen the light on: July 09, 2013, 08:40:06 PM
Ok, I think it looks like the price has bottomed out. With all the recent news, this should be a great time to buy bitocoins before they start going up again!
772  Economy / Speculation / Re: Still looking on charts? on: July 09, 2013, 08:20:33 PM
Look on the news instead:

Great news from Africa: ... Good news from China: ... Good news for Bitcoin from Argentinia: ... Good news from Germany: ... Good news from UK: ... Promising news from the US: ...

But please refer to some TA to tell it may be a downtrend reversal.

Up we go again :3

TA: The current trend will continue until it stops. At that point a new trend will form.
773  Other / Beginners & Help / Re: Using one-time-use bitcoin address after it has expired? on: July 09, 2013, 08:15:18 PM
What Peter Lambert said. I'll just add that some larger businesses appear to recycle addresses after a while (resources are not really infinite).


Right. They give you the address to pay to, once you pay your bill they tell the next guy to pay to that address. If you send another payment to that address, it looks like the next guy made a partial payment and their records get all screwed up.
774  Bitcoin / Project Development / Re: Peer to peer microlending service done right! on: July 09, 2013, 07:25:03 PM
It sounds like me you are trying to recreate Ripple?
Not really. Somebody actually pointed me about the similarity, but I don't see where this analogy is coming from. Ripple is a network of exchange gateways and an internal currency called "ripples". My thing is mainly about creating a trust network of actual and potential borrowers based on their personal relationships and offline agreements.
I don't really see much similarity, can you explain your point please?

------
Yes, I know about IOUs exchanged between the gateways and users, but that has nothing to do with microlending, it's just a mean of payments and exchanges. My thing is about exactly microlending, so it's a different application, and the only similarity as for me as that both are money-related services.

Gateways let you move money into and out of the Ripple system, but there is more to it than that. For this discussion you can just ignore the XRPs altogether.

The way ripple is like your system is that people form a trust network and the IOU's are traded between users, not just between the user and the gateway.

Example: I am friends with Al and Bob, Al trusts me and I trust Bob. Al has a bitcoin, Bob needs a bitcoin. He talks to Al, who agrees to lend him the bitcoin if he sends the ripple payment with 5% interest. So in ripple Bob sends 1.05 BTC to Al, then Al sends 1 BTC to Bob's bitcoin address. Al ends up with 1.05 BTC/me and I have 1.05 BTC/Bob. My overall balance remains unchanged (I owe the same amount to Al as Bob owes to me), but they were able to leverage the existing trust relationships to make the loan.
775  Economy / Speculation / Re: What will the value of Bitcoin be in one year? on: July 09, 2013, 06:41:08 PM
$300.000 / BTC
or
$300 / mBTC 
or
$0.3 / µBTC

Did you just use the same separator for the decimal and the thousands? Are you trying to confuse everybody?


My guess is between 110 and 140, depending on which exchange you look at and at which time of day Tongue
776  Economy / Service Discussion / Re: 0.25 BTC Bounty - Show me a Mt Gox USD Withdrawal :) on: July 09, 2013, 06:38:24 PM
You can pre-order your withdrawal now, they will be up and running in about two weeks  Grin
777  Other / Meta / Re: Do you ever click on links in signatures? on: July 09, 2013, 05:26:37 PM
I am wondering if all those links people put in their signature space are actually worth anything? Do you ever click on links in ads in signature space? Or do you just have the signatures turned off?

I do click on peoples' links in their signatures (usually out of curiosity) but I don't click on their paid ads' links.


How do you know if something is a paid ad?
778  Other / Politics & Society / Re: Assault weapon bans on: July 09, 2013, 05:21:23 PM
We also have plenty of people that goes nuts for no apparent reason, but its just they do not even know how to use or where to find a gun, and any other weapon is simply uneffective and definitely not as cool as an "assault rifle" when planning to cause as much death as possible.


9/11 terrorists used boxcutters to hijack planes and kill thousands. Boston Marathon was hit by a bomb. There was a guy who got mad and drove his pickup truck into a crowd killing tens of people.

There are lots of ways to kill/hurt many people without using an assault riffle.

Oh, and actual assault riffles are already highly regulated under machine gun regulations, so very few mass shootings are done with assault riffles. That is why they had to invent the new category "assault weapon" to ban, which is essentially just "rifle which looks scary".
779  Other / Politics & Society / Re: Assault weapon bans on: July 09, 2013, 05:09:00 PM

You see the guns in those pictures? There's 300 million of them in this country. That's the problem.

Problem because there is not one for everybody so some people have to share?
780  Other / Beginners & Help / Re: Using one-time-use bitcoin address after it has expired? on: July 09, 2013, 05:05:30 PM
When you visit online stores that take Bitcoins, like www.bitcoinstore.com, at the end of the checkout, you are presented with a one-time-use bitcoin address that is valid for 15 minutes.

What happens if I send money to that address after the link has expired (using a Bitcoin wallet like Bitcoin-QT)? Will the transaction not go through, or will my Bitcoins disappear, or will they end up at the merchant anyway?

Depends on who you are dealing with. Whoever generated the address will still have the key to it, so any money sent there will still go to them. Unless they delete the keys after you use the address once, which is a rather stupid thing to do, keys do not take up much memory, in that case the money would just be gone. So you can pretty much assume that they get any bitcoins sent to that address. If they are nice and you talk to them, they will credit your account with the money sent. If they are not so nice, they will deny getting the money or just tell you it is theirs now and you are out of luck.

Typically people give out one time addresses so that they can match payments with orders. If you send money to an old address they would not know which order the money was supposed to be paying for, so it adds work and headaches to the people you are trying to pay.
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