That's not fair at all. They can't stop people from doing this! Yes they can pull their commissions but they have to be informed of it and they have just stated that they will investigate all reports.

Some guy in the world wants to deceive people and you are going to blame B7 for any thread that arises from here on out? So while they're out to breakfast and having a coffee and some guy at his computer terminal concocts some plan to deceive others the B7 team is responsible?!?

I say, we should rule out hyperinflation by demanding that all governments adopt Bitcoins as the new fundamental entity that all sovereign / central bank currencies are required to be backed by; it can be the new medium for international settlements.  

Declaring that 1 US dollar (Federal Reserve Note) is convertible to 0.00001 BTC sounds about right - that makes the base money supply about US$2T (asymptotically, once all Bitcoins are mined), which is about the same amount that exists in physical coins and bills today.  And corresponding conversion factors can be adopted for GBP, Euros, etc.  Then basically the entire world will be on one monetary system - Bitcoins - and international trade can be much more streamlined.  But all of the existing financial infrastructure can remain in place.

See my new blog post - http://minetopics.blogspot.com/2011/06/bitcoin-banking-and-new-gold-standard.html
And feel free to repost it widely.  

Are you celebrating 2 minutes blocks in the same way as hating the long rounds?

+1

The mistake people make when they look at the Bitcoin price chart and scream "bubble" is that they fail to understand Bitcoin is still in the price discovery phase.

Nothing like it has ever been priced.  This is an awesome experiment and I am glad to be part of it.

PS:  I am a DBA with 25 years experience, a Futures Trader/Advisor in Australia and a merchant who accepts Bitcoin.

Which is why you tried to shut him down and stop him from voicing his valid opinion for no reason at all except to close the argument on your side with a mocking "And of course trolls keep trollin'. What else can you do?"

Cool story bro.

Heh, I must stop using irony, it seems this forum needs some jokes spelled out. This particular (apparently wasted) attempt tied into bitcoin7 painting themselves victims of racism against Bulgarians. If you seriously thought I think you're a racist you're the idiot. Now I'll STFU.

Settle yourself there hoss.
Youll be educated.
34.50 WAS long term support.
If 32 breaks....were looking at significant decline.

A far more interesting question is whether or not the dollar will be allowed to fall in value and thus reduce America's debts.  If it does, then Bitcoin, commodities and the Swiss Franc are a one way bet for people with significant dollar exposure.

This is staggeringly alarming!

A lot of us on this forum have probably been assuming a massive collapse since 2008, but for the reality to hit the collective consciousness like this means we're probably hitting the knee of the curve then onwards full speed to SHTF time?

I would spread wealth around all commodities, including Bitcoin, and not forgetting food/water.

we're already in the depression, it will just worsen.  The consumer is toast and
Housing is being given away to squatters.  The happy time news doesnt convey the reality.
People in the industries know whats up and it aint pretty.

On top of this gold and silver are in break down patterns.  So that wealth preservation is eroding, mostly due to the comex cartel.
Physical is being priced much differently however.

Will BTC be a wealth preserver?  Id say not much better than silver, if even that good. BTC is a speculative vehicle for the moment, anything is possible until it actually gets some real meaning.  

i have the same problem. the blocks get confirmed in statistics but the number for 'confirmed reward' didn't change.

i'm sitting on quite a bit of unconfirmed rewards from this pool atm, and it doesnt seem to update.

Nor do my confirmed rewards seem to update at this point, has been like that since yesterday evening.

Am i doing something wrong or does it just have to do with the increased difficulty on finding blocks?

The problem is that there were at least 2 different messages. Most (like you I presume) got the benign one, others (like jgarzik and Bruce Wagner) got one which an ethics officer in a real company would term unethical bribery. The fact that bitcoin7 knowingly made the distinction says enough.

Since you have made a sweeping statement calling everyone who doesn't agree with you a hypocrite, I see no reason to further debate ethics with you.

BTW, hypocrites in this context would be people who bribed others, or said they wouldn't do business with bitcoin7 and did anyway, not anyone who told their girlfriend that her new haircut really looks great.


Hey, raging on Bulgaria again? You racist! QED


Heh, that's like saying "anyone below this line has lost the argument <----->".

Bitcoin is (in theory) beyond the control of governments, so it can't be manipulated and inflated or killed by them. Unlike your other examples it is decentralized (as mentioned), and it is (or can be) private so it can move across police state or capital-controlled borders. 

Those are some of its technical points, but there is a certain morality at play here too. The invention of bitcoin is the response of humanity to the economic system that we were born into and which we now understand oppresses us and always has. A tiny financial class benefits enormously from the present system and seems to be so arrogant that they no longer attempt to hide their thefts from us, their victims. Something simply has to be done. So, you can be "amused" watching us little people struggle but what kind of man are you? What are you doing to right the wrongs of this parasitic class? Is the morality of an investment something you consider for your clients or do you have them invested in oil companies, Monsanto, uranium miners, defense companies, etc.?

No, you're absolutely right. I'm not denying that businesses do this kind of stuff all the time, and while it may seem illegitimate to me it doesn't mean the entire thing is a scam.

What I and others are saying is that we would like at least some mention, instead of them pretending that those messages they sent do not exist. This is making situations worse.

I actually created a Bitcoin7 account and got all the way to the steps of depositing money before I thought "Ehhh, actually I'm gonna wait until they get around to issuing a statement or some kind of acknowledgement for those weird messages they sent." so I'm not trying to just bash them endlessly.

I would like as many options in the Bitcoin world as possible so I'd love for them to be legit, but I'm not going to trust them in this situation. It's made worse that they've been so open and apologetic about everything else but haven't mentioned this at all.

Does this really have to be a discussion? They did something shady, users would like an answer. If other users do not feel an answer is needed, they don't have to ask, but it's not doing you any harm if we're trying to get B7 to own up.

That block took 4:03:06. Holy crap!

Finn, you're missing the point. Bitcoin7 is assuming a facade of innocence and offering excuses and apologies for all the mistakes they made, yet mysteriously skipping over this one. We're just asking for an official response, maybe an apology or perhaps some explanation.

From your first post, I thought you were actually saying they had provided this, although now I see you were simply saying that the point had been discussed? Of course it's been discussed, to no end, but that doesn't change the fact that Bitcoin7 hasn't yet provided a statement as they have for all other mishaps.

oh u.

@hawks5999,

Talking of web statistics, does Alexa shows an "Average time on site" or an "Average time running away from the site" to his... thing?

Welcome to the new difficulty level!!