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1  Other / Off-topic / Re: Satoshi Nakamoto is a female! on: August 30, 2012, 01:00:11 PM

“There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.”  -John Rogers
2  Economy / Lending / Re: Buying BitcoinMax accounts at 50% on: August 23, 2012, 09:17:50 PM
I am willing to sell my account as we discussed
3  Economy / Long-term offers / Re: Bitcoin Savings & Trust - Money Returned List (One reported). on: August 23, 2012, 12:46:25 PM
Replace BTC with ISK or WOW gold, and see how it changes the situation. Protip: You have just as much chance of getting any relief from BTCS&T as the depositors at EBANK from EVE Online had, i.e. none.
4  Economy / Long-term offers / Re: Bitcoin Savings & Trust - Money Returned List (One reported). on: August 22, 2012, 08:45:45 PM
wow, its going to take a *long* time for GPUMax to mine 500k btc. So much for paying oldest accounts first, eh?
5  Economy / Long-term offers / Re: Bitcoin Savings & Trust - Money Returned List (zero Monday, none reported Tues). on: August 22, 2012, 12:09:00 AM
This guy should be doxed 18 ways to Sunday. There should be video of this guy's wife dropping off their kids at school posted. Give him an incentive to pay things back. As it stands right now, why should he give any of it back? He's gonna walk and nobody is gonna touch him.

If anybody robbed me of 6 figures I'd vivisect his family in front of him and make him eat the pieces. Some things are worth going to prison over.
6  Bitcoin / Bitcoin Discussion / Re: If Pirate Runs: The Danger of one entity with 500K BTC on: August 21, 2012, 05:47:10 PM
What do you mean if he runs? Actually he won't need to run, he can stay right where he is, drop offline, and retire. There isn't one single f'n thing any of you can do about it either. This is the free market in all its glory. No regulations, no accountability, no recourse when you get fucked in the ass without any lube. Pirate will get away with this scot free. There will be all the hand wringing, all the apologists, and all the blaming of the victims. But in the end, it all comes down to there being zero accountability in this "free" market. If there is no punishment for theft, then there is no deterrent. Nobody has ever been prosecuted for a Bitcoin theft, and they never will be. So thieves and con men will continue to operate and win every single time. Pirate used the core greed that most people on this site have, and he used it to great effect. Nobody ever went broke underestimating the greed of Bitcoiners. In fact, a lot of people have gotten rich off of it.

So, how much have you contributed to Pirate's retirement fund?
7  Economy / Long-term offers / Re: Bitcoin Savings & Trust - Money Returned List (zero Monday, none reported Tues). on: August 21, 2012, 05:10:49 PM
The money is gone. Nothing will be returned. If Pirate couldn't pay partial withdrawls and 5%, what makes you think he can pay complete withdrawals and 7%? On the plus side this might actually lead to the creation of that assasination market that being discussed last year. I can't wait for the bounty threads that are coming.

 "Everybody knows...That the world is full of stupid people...."
8  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: August 03, 2012, 03:09:48 PM
Threads like this are one of the reasons so many regular people turned away from Bitcoin. No single person has done more damage to Bitcoin than that fucktard Atlas.
9  Economy / Service Discussion / Re: Email received from Bitcoinica just a moment ago. From Zhou on: August 03, 2012, 03:03:47 PM
I'm an Agnostic and a Libertarian who believes in living one's life for others' good, and the
accusations are clearly against my value judgement.

Unfortunately that phrase must be a lie. Libertarians are the most selfish pricks on the planet, and proud of it. In fact the enitre Libertarian ideology can be summed up in 4 words "Got mine, fuck you."
10  Economy / Securities / Re: [GLBSE] House for sale on: June 23, 2012, 11:46:30 AM
So now it is GLBSE Loan & Pawn? What's next, someone going to IPO their car or their gun collection? If I buy enough shares can I move into a room? How many shares for the garage? There are other mechanisms in place for situations like this (i.e. private lenders and Bitcoin banks). Crowdfunding the mortgaging of your home via GLBSE is just silly and takes away from the credibility of the exchange. Any real world investors looking at Bitcoin for the 1st time and seeing a 'security' like this listed on one of the main exchanges will probably take their money elsewhere, and for good reason.
11  Bitcoin / Bitcoin Discussion / Re: A Public Plea to Bitcoin Developers and Supporters alike on: June 18, 2012, 04:43:03 PM
So smart to see so little. How are changes to the protocol made? They are voted on by the miners. It only takes a few THash miners to drive the difficulty so high everybody else gets squeezed out. So when a few control a majority of the network, it will be they that decide what BIPs get approved or not.  And when those few miners decide they want 3% of every transaction there won't be a damn thing you can do about it. So much for a decentralized currency. This was your last chance to keep Bitcoin in the hands of the people, because once those ASICs start rolling out it will be too late. Hopefully Bitcoin 2.0 will address this issue (amongst others).
12  Economy / Securities / Re: [GLBSE] CPA on: June 08, 2012, 11:29:57 AM
In the event of castatrophe it will probably look like this at the office:


A customer's perception of how much CPA reduces their risk will be what drives the number of customers you receive and the premiums you can charge them.

Exactly, and we've not seen where giving money to CPA is any safer than giving money to Pirate or any other random bitcoiner.
13  Economy / Securities / Re: [GLBSE] CPA on: June 06, 2012, 09:21:01 PM
And one more thing, here is the IMDB description of the short film from which you draw the name, "A group of down-and-out accountants mutiny against their bosses and sail their office building onto the high seas in search of a pirates life."

And this company is going to insure against a default by...Pirate. There is definitely an in-joke here. Some people might even get it in time.

14  Economy / Securities / Re: [GLBSE] CPA on: June 06, 2012, 07:36:53 PM
So let me get this straight, In order for someone to be an 'insider', you want them to pony up a minimum of 450 btc.

Huh? Where'd you get that number? I'm confused -- it sounds like you just made that up.

10% off of 5000 shares would be 450 btc. Sorry I thought that was the minimum buy in.

See response to cunicula. I'm not interested in responding to baseless accusations and nitpicking. I'll say this -- you clearly don't get the in-joke about the name I chose for the company. Not meaning to be rude, but that is probably because you are a lot younger than me. Anyways, if you have a question about the business, go ahead and ask and I'll do my best to answer it.

If you cannot take even the name of your business seriously, why should anyone else take you seriously? And for the part that you cut, I am a miner turned investor with ~2000 btc spread on and off GLBSE. You have an interesting idea, but not a working business.  You're right though, its not me you need to prove yourself to. It is everyone.

Do you or anyone you plan to employ have *any* experience in the insurance underwriting business? You never answered my question about jursidictions. If you are dealing with assets worth 5 or 6 figures sooner or later a court is going to enter into it. The first time you deny a claim that high you are going to be sued (rightfully or wrongfully). You attempting to be the final arbiter of any dispute does not bode well. Anybody with more than pocket change invested should care about such things, as it will have an effect on your bottom line. Anybody with more than pocket change insured with you should also care, as it may compromise your ability to pay claims. If your answer is that nobody should have any legal recourse with you at all, then why should anybody trust you to insure their money? If Pirate defaults and then you in turn default on the claims then what good was the insurance in the 1st place, especially if clients cannot try to get anything from you in court?

Do you plan on underwriting against a Gox or Bitcoinica type of hack where the entire site is compromised? If so you offer potential thieves a double payout. Once someone finds a security hole they simply insure themselves for the maximum btc they can and then they get paid both for stealing as much as they can from the site and for the claim afterward.  I am curious how you would be handling Bitcoinica right now, if you had a number of clients with insured accounts there.

Oh, and in the above examples with GLBSE and Authenticator, what if somebody is using the desktop authenticator (GAuth) and their desktop gets compromised? And how do you prove someone uses a unique password on a site? Ask them for their passwords on every other site? If you don't have criminal mind and can't think of all the ways you can get defrauded, you are going to get taken for a lot of money.

Good to see you have such grace under fire with potential clients and investors. In the event of massive event happening you are going to have a *lot* of angry and pissed off people trying to get ahold of you. Good to know that customer service is at the very top of your list.
15  Economy / Securities / Re: [GLBSE] CPA on: June 06, 2012, 03:30:15 PM
So let me get this straight, In order for someone to be an 'insider', you want them to pony up a minimum of 450 btc. You have nothing worked out as far as rates of return, profitability, etc. and you are apparently a one man operation with an idea and nothing backing you as far as real world assets. What jurisdictions do any legal matters fall into? US, EU, Lithuania, Belize, Panama?

This part is nitpicking but the name of your insurance company sounds like something a high school death metal band would call themselves. Take some of the vast sums you raise from your ipo and hire a marketing consultant and work out something that sounds a bit better.

You're asking for a massive amount of btc from the community, might be better if you set your sights slightly lower and started a bit smaller, work out the bugs, and then issue more shares.
16  Economy / Securities / Re: My take on 7% a week on: May 25, 2012, 05:02:55 PM
Anybody who openly admits to committing a crime deserves the jail time they get. If you were smart enough to set up a huge money laundering operation involving SR, bitcoin, and most of the users on the network then I really don't think you are going to go on a public forum and admit to it. Really.

That being said there are probably a dozen users of the bitcoin community that would balk at finding out such allegations are true. Everybody else around here would probably demand a bigger cut.
17  Economy / Goods / Re: (1) FREE $500 Amazon Code giveaway. Make a comment in this thread. on: April 11, 2012, 12:30:48 PM
Ho's gettin' tricked in this thread.
18  Economy / Goods / Re: (1) FREE $500 Amazon Code giveaway. Make a comment in this thread. on: April 07, 2012, 06:56:10 PM
You're all whores
19  Economy / Goods / Re: (1) FREE $500 Amazon Code giveaway. Make a comment in this thread. on: April 07, 2012, 03:56:23 PM
Dance, bitches.
20  Bitcoin / Bitcoin Discussion / Re: Bitcoins are not, in practice, fungible on: March 10, 2012, 03:20:59 PM
For face to face transactions, Bitcoin is no more secure than cash. The same methods used to forcefully take cash or items from you in a deal gone bad can also be used to force a bitcoin transaction. Most families would release the coins if their loved one was being held at gunpoint. I will agree that carrying a smartphone is far less obvious than a duffel bag/backpack full of cash, but anyone that can force you to give up the cash can also force you to send an email. I am not saying that it would be simple or easy for them to do, just that once your personal security is overcome Bitcoin and cash are equally insecure.

I see your point, but I still have to argue that Bitcoin is more secure than cash for face to face transactions. Many crimes are crimes of opportunity, and if there is no opportunity, there won't be a crime. And even the dimmest thug is going to think twice before turning a simple robbery into a kidnapping. Yes, if they are determined, they can kidnap me and attempt to force my family to pay, but I can tell them no all the same. Ultimately it's my choice (or my family's choice). Whereas if I'm carrying a bag of cash and get bashed over the head with a tire iron, I no longer have that choice. Perhaps small differences in the end, but differences that are important to me.

Any prospective thieves doing a face to face Bitcoin transaction with you will know that they need to force you to complete it. Its not like a random mugging escalating to kidnapping. They'll come knowing and ready to take you alive and conscious. I agree that it would be much more difficult to do that than just shooting someone in the back of the head and taking a bag full of money. I find it curious that you might place a price on what your life might be worth. Is there really an amount of bitcoins that you would rather die for than give up in a kidnap situation? I can always make more money if I am alive. No amount of money can resurrect me.

As far as authorities go you are correct. Having tens or hundreds of thousands in cash is often as bad as having drugs or similar contraband. On the other hand, courts are ruling that searching/copying cell phones during traffic stops without a warrant is legal. To be honest I haven’t been paying attention to any mobile bitcoin payment solutions, so I don’t know how resistant they might be to a tech inclined cop having temporary control over the phone and imaging it.

Interesting. I wonder how the officer is going to obtain my cell phone without a warrant when it's locked inside my glove box, inside my locked vehicle. No reason to make it easy for them to violate my rights.  Wink

Oh, and if you have an android phone, you should check out Spinner. It's an amazing app, and I carry no more Bitcoins on my phone than I would cash in my pocket.

Your phone is not as secure as you think it is. Cops lie and cheat when they want. "I smell pot" during a traffic stop/checkpoint is probable cause enough for a search, and its impossible to disprove that in court. Planting a dime bag during the search is exceptionally easy, and who is the jury going to believe? Granted they usually reserve such behavior for those they strongly believe are doing something wrong. Also, most people carry their cell phones with them at some point when they are on foot, so its possible to lose control like that.

I just glanced briefly at the Spinner thread. In the context of security if you lose control of your phone to a tech savvy advesary, not only will they know the identity of your Spinner wallet, but by tracing the block chain they can pull all your other transactions from other wallets that you used to fund the mobile one. I know that you are exceptionally anonymity concious, so be careful. That is a potentially huge security risk.

I'm never more than 50 feet away from a connected computer or laptop, so I have no need for an Android phone Wink
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