lol another one? You just repaid me today. I'll loan you again, same terms as before: original amount + 1% interest per day no compounding, +0.0001 tx fee. I'll send in a few minutes.
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This may or may not be relevant to the thread, but why did Ross Ulbricht give up his passphrase to the silkroad wallet? If the FBI won't allow him to ever access those bitcoins again, then delete the wallet. Why give them to the FBI? It's not even their right to profit off this.
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Whenever I get the chance, I always choose spending btc over fiat. It helps the businesses that accept btc grow. Beginning of the year when TigerDirect just started accepting btc, I bought a bunch of mining equipment with it. The next evolution and what I'd like to see next, is that these types of businesses hold the btc rather than use a payment processor like Coinbase or Bitpay to convert the btc to cash instantly.
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This is great info. Thank you. My problem is that these coins from the auction, the price for the 2 items I want come at such a great price (~2.6 for a cas coin and the gold plated bar, something I've been eyeing for a while) and this is the first time I've ever seen it happen. I've been browsing the forums for a long time, and this is the first time I actually have a good opportunity to get them. I'm torn. I would like to purchase them. And on the other hand, if Dz decides to not sell them, then I lose out.
I wasn't aware of the situation with DZ's auction, but I skimmed the thread and I can verify that you really are using this loan to pay for those items mentioned. I'll tell you what, in the event that Dz changes his mind and end up not selling the items, you can make a repayment of only 1.45btc. If he does sell the items to you, then in two weeks you can make repayment of 1.60btc, again no hassle of escrow or collateral required. Seems like a win-win-win for all that's involved if the latter plays out: I get the small interest, you get the items rare items at well below market price, and Dz gets his funds for his wedding/honeymoon. In the event that you have a hard time paying back the loan in btc, I can accept fiat via paypal at today's market rate on LBC. I can be quite flexible for legit loans to trusted members.
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Both of these ideas are great! However, for my own protection, and yours, I would be more comfortable with shipping the collateral. If something happens, I'm going to be labelled a scammer, which is the worst case scenario for me.
Fiat is not a problem for me at all. I just don't covert my Fiat to BTC since the exchanges here still need to gain rep. So @haploid23, I suppose I don't mind covering shipping from me to you, then once 2 weeks are over and I've repaid 1.6, then I can paypal the Fiat and you send it back. I'll PM you when I get back (2-3 hours)
Collateral only protects me, not you. But I'm ok without collateral because I did a quick background check on you. If you look at all the loans I've given out, they're all to trusted people, so I never need to hold collateral even though they've been offered. In this specific case, you shipping collateral is just more overhead costs for you, I'm perfectly fine with you not shipping them. I've shipped tons of international stuff, so I know the costs associated with it, and the risks during transit and while it's in customs hands.
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So OP just decided to register and post that as his first post. Most likely one of the auction bidders, in an attempt to trigger panic selling to lower the price, so all the bidders can bid a lower depressed price. Now if this tipoff comes from a more regular member, then it would be slightly more credible. But still, with these kinds of posts, I'm sure there is an ulterior motive behind them.
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Storing bitcoin at some institution even for some 7% return is utter foolishness and risking one's own wealth. Should be avoided at any cost.
I do agree that putting your btc in someone else's hand for a long time is rather foolish, and it's counter intuitive for what btc is suppose to be. This now becomes very similar to our current banking system. But when you make the rate comparison to banks, it's doesn't seem so bad. In the US, you get something around 0.03% interest when left in a savings account, which you're guaranteed to lose money because inflation percentage is higher than the interest banks give. 7% sure as hell beats 0.03% + inflation.
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miffman, I can provide this loan, but perhaps with slightly different conditions. I'm willing to loan you 1.40btc, no need to ship physical Lealana coins as collateral, but repayment is 1.60btc in 2 weeks. This is roughly only 1% interest per day, no compounding. I figured the extra 0.05btc from your original offering comes out to be cheaper than two way international shipping for the collateral. If you agree with this, I can send the btc right away, just post you wallet address.
Actually, I have a better idea. We can negotiate with DobZombie to have the lender directly pay him and have him ship the products to OP, then OP repays later. (That's if lender doesn't want collateral). This assures that the funds won't be used for something else. That works too. But I don't really mind if he uses it for something else. If he was a scammer, the end result would still be the same anyways. If I sent the 1.4btc directly to DobZombie and the item was shipped to miffman, then miffman decides to never pay me back, there's nothing I can do except leave negative feedback. He still received his auction coins, I never got repayment. If I sent miffman the 1.4btc directly to do whatever he wants and he doesn't pay back, I'm still out that amount.
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miffman, I can provide this loan, but perhaps with slightly different conditions. I'm willing to loan you 1.40btc, no need to ship physical Lealana coins as collateral, but repayment is 1.60btc in 2 weeks. This is roughly only 1% interest per day, no compounding. I figured the extra 0.05btc from your original offering comes out to be cheaper than two way international shipping for the collateral. If you agree with this, I can send the btc right away, just post you wallet address.
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I really hate articles on Wall Street Journal. We'd have to subscribe to read the full story. From the headline, I basically already know the gist of it, but can someone copy and paste the whole article on here?
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Over the last few years a large number of people were fortunate enough to buy in when Bitcoin was priced at $35 and sell when it reached $1000
Likewise, there were MORE people that didn't get a chance to buy in at $35. There is absolutely no correlation to the amount of bitcoin holding and 401k. For those that bought in at cheap btc, you won't be able to know if they have a 401k or not. On the other hand, if you have a 401k, there's no telling whether you hold bitcoins or not.
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Ok this loan no longer needs my presence. When you're ready to pay back, please send the amount to this wallet address. 1% daily is 0.00005 btc added each day, + the 0.0001btc one time tx fee, + initial 0.005btc.
17KNyVfeKahSA4EABGLKmbPXx57dzCLXDW
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I'm still currently using GPUs mining on scrypt also, and I want to switch to x11. I'm using sgminer 4.0. Can I easily make the switch over by pointing to the new wafflepool port, or would I have to download new mining software? Any quick tips on starting x11 is greatly appreciated. Or can someone link a thread to get started with x11 mining, so that I don't junk up this thread?
You will need to download sgminer-sph for X11, 14.6 Beta Drivers from AMD and djm's sgminer mod for the best hashrate possible. What OS are you running? Feel free to ask if you have any questions. I'm running win7 64bit. I did a little digging around and found some relevant threads for anyone else in the same boat as me: sgminer-sph https://bitcointalk.org/index.php?topic=475795.014.6 catalyst beta: http://support.amd.com/en-us/kb-articles/Pages/latest-catalyst-windows-beta.aspxSo where is djm's sgminer mod? Also, would I have to retune my GPU's or can they still use the same overclocks and undervolting? Can you please link to a newb guide for starting x11? I really don't want to junk up this thread with basic questions about switching scrypt -> x11 on this same pool.
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I'm still currently using GPUs mining on scrypt also, and I want to switch to x11. I'm using sgminer 4.0. Can I easily make the switch over by pointing to the new wafflepool port, or would I have to download new mining software? Any quick tips on starting x11 is greatly appreciated. Or can someone link a thread to get started with x11 mining, so that I don't junk up this thread?
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Mike Maloney is finally more accepting of crypto currency. You can tell by the things he says, but at the same time I feel like he's holding back his true excitement for bitcoin. He still must portray as being neutral towards it so he doesn't lose too much credibility with his main audience, the gold/silver crowd. He has talked about bitcoin several times in some of his videos now.
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I'll give you this loan. It's such a small amount, I'm not going to hassle with collateral. 1% per day is fine, but you cover the small transaction fee. If you agree to this, post your address and I'll send to you right now.
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Is this auction open for public viewing? And if so, will any news media cover it? I would really like to see how this ends up, and also for the sake of transparency. What time on Friday does it start? There's still some part of me that is skeptical about this auction.
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Hey Dank, since you've reached enlightenment, how did you fail to realize that you're putting more "corporate slaves" to work in order to publish this book? You're supporting the very thing that you're preaching against. Use your divine powers to make the book grow out from the ground instead. It's more natural that way.
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