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421  Economy / Services / Re: Bitcoin 100: Developed Specifically for Non-Profits on: October 30, 2013, 02:26:50 AM
I noticed that these organisations received money, yet there are issues on their pages:
http://www.kenija2012.com/ - gone?
http://antiwar.com/donate/donate.php - has the logo but only offers other payment methods?
https://watsi.org - only has credit card?
http://www.hiphopchessfederation.org/donate.html - ok, there is half the logo visible but searching the term bitcoin doesn't help finding it. Maybe they should be asked to fix that?
https://www.khanacademy.org - requires login to donate? Didn't do that, sorry. Seams weird to have to login for a bitcoin donation.



422  Bitcoin / Bitcoin Discussion / Re: What will happen when the 21M bitcoin will be minned on: October 29, 2013, 01:48:51 PM
5 halfings = 25Ƀ / 2^5 = 0.39Ƀ reward.

25 = 32

25 / 32 = 0.78125

25 / 32 != 0.39

Oops. I better don't mention that I studied math Grin
My gut feeling was "ah, 20 years, rewards will be irrelevant by then."
My wrong math supported that less clearly than I had expected due to my off-chain-assumption.

Yeah, I better had not posted that Sad
423  Bitcoin / Bitcoin Discussion / Re: What will happen when the 21M bitcoin will be minned on: October 29, 2013, 04:34:38 AM
The commission fee will keep the market up

We will see much sonner, with the block halving every 4 years it wont take long to see... Maybe in 20 years block reward will be much less than fees...

Things will be interesting long before. Already now people add fees for almost no reason at all. Many people desperately wait for the first full blocks and a year later full blocks will be the norm, so to get a transaction through you will have to compete for the space. (Unless, what I wrote some posts above, off chain is standard by next year but never mind Smiley ).

20 years = 5 halfings = 25Ƀ / 2^5 = 0.39Ƀ reward. With no need at all we now have on average 0.2Ƀ in fees per block.
424  Bitcoin / Bitcoin Discussion / Re: What will happen when the 21M bitcoin will be minned on: October 27, 2013, 05:28:29 PM
It will take us more then a decade to mine 21M, so who knows.

More like a century but who is counting?

That's right, it will be over a century so then why do I keep seeing 2033 all over the place?  I've seen reputable sites quote 2033 or something like that?  Is it because the hashrate is always 2 weeks ahead and during those 2 weeks, due to a exponential climb in the hashrate and the difficulty lag, the reward scheme goes from 10 minutes to around 5 minutes and in theory that could even go under 1 minute for certain periods of time so people then may be guessing that the 21 million will in fact but totally mined in another 20 years?

First of all, if the block time goes down to 5 minutes instead of 10, that would imply that a 100% difficulty increase is needed. So far the highest we've had since the onset of the ASIC-age was the most recent one, 46%. So while block times are accelerated compared to the target of 10 minutes, it's not nearly that dramatic. And the general expectation is that the difficulty growth will slow down eventually, probably next year, and with it will come block times much closer to 10 minutes on average.

I'm not entirely sure why 2033 is coined as a year where all coins have been mined. It is factually wrong. What is true and relevant is that the speed at which coins are mined will decrease considerably over the next decade. With a block time of 10 minutes, there's a block reward halving every 4 years. At that rate, 2033 is the 6th block reward halving and at that point only 1/64th of all bitcoins are still left to be mined. With all the accelerated block times we've had, it's quite reasonable to assume that 2033 will actually be closer to the 7th block reward halving, which means that at that point more than 99% of all bitcoins will have been mined.

My theory of why 2033 popps up again and again was that journalists assume that rewards below 1Ƀ won't work.

Block rewards will continue to be non-zero until they fall below 1 satoshi, which happens around the 32th block reward halving, which will take place 128 years after the Genesis Block (not counting speedup in block times). However the income from block rewards will be extremely low in the decades leading up to this moment, hopefully they'll be negligible compared to the transaction fees.

Why do you hope for transaction fees? I hope both will be negligible by any standard. Mining is a terribly misleading term and should in fact be called securing. There will be people interested in securing the network just because they have stake in it and not because they can harvest fees or block rewards.
425  Economy / Service Announcements / Re: Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house on: October 25, 2013, 09:58:44 PM
Feel free to check out my ratings here on bitcointalk and also on bitcoin-otc if you need some proof that I am a legitimate buyer/seller.

Oh, am I glad not to have to decide on who the scammer is but judging from what I see there, I see how GlooBoy is keeping a positive score despite of getting gang-raped by what you try to make us believe is trying to down-rate you: a pack of scammers. How can this OTC-rating system be so broken that even "supa 1" to "supa 5" can rate a person using the exact same text without them being removed for obvious reasons?? Sick place!
426  Economy / Service Announcements / Re: Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house on: October 25, 2013, 08:34:34 PM
Instead bitmit will simply keep your coins

I would assume that exactly this is not the case but wouldn't wonder if it took a while to decide in some cases. Last resort should be to give to charity.
As much as bitmit scares me for being secretive about their identity and holding customers funds I don't think they would easily abuse the escrow of all things.

About your warning: It's all too easy to fabric video proofs and I fully understand that for the sake of overall user satisfaction they have to take into account a wast array of indicators that not necessarily can all be public. False positives not being 0% will get them loud enemies, so they will try to avoid them, too. Still, being a loud enemy doesn't proof you are a false positive, so just one case will not make people consider bitmit to be a scam but you to be a scammer. The burden the first whistle blower has to take.
427  Economy / Service Announcements / Re: Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house on: October 25, 2013, 06:59:25 PM
Can we do something about non-paying bidders? A bidder won an auction for one of my items, preventing it from being re-listed and effectively disallowing me from selling it, and then just cancelled the order without paying... and I can't even leave him bad feedback? What the hell?!

Bidders should only be allowed to bid if they already have the BTC in their account!

This was discussed shortly and should have reached Tosaki many times before. Sorry for repeating myself: Please make this happen at least for new users that have nothing to loose. Interfering with my sales should leave me a way to interfere with your reputation if it doesn't result in mutual benefit. Not being able to recourse to reputation, the noob is in an unfair position of power.
428  Economy / Exchanges / Re: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE on: October 24, 2013, 05:29:23 PM
The claim process was pretty straightforward for someone as smart as you think you are.
It worked for hundreds of people who got their refund in due time.
I do not know why it failed for you because you are not telling me the details (status, amount, wallet key).

… just leaving this here as others might consider it worthy to know about Boussac's business ethics. This was his reply to this:
Hi Boussac,

what's with my claim 34a28881-b884-4b44-94d2-669b4d46962c?

It's a bit disappointing to have this dangling since ages and just want to make sure you know I don't consider this settled as is.

Regards,

Leo Wandersleb

How is a claim id not enough info? How dare to make assumptions about my self perception of my intelligence and thereby implicitly question my intellect when I - for the tenth time - ask for my money back, giving my claim id which should be the identifier of my claim and therefore be a direct pointer to all the data in their database that he asked for in his rude reply?
429  Alternate cryptocurrencies / Altcoin Discussion / Re: List of all cryptocoins on: October 23, 2013, 07:25:19 PM
I guess the OP better be anonymous. Else, any sorting whatsoever will get him hate and threats.

That's why instead of everyone trying to push their own favorite alts up we should establish some objective criteria for categorizing coins. From the top of my head:

* age (reason: newcomers have to prove themselves before they can be taken seriously)
* hashrate (reason: measure of community support, albeit questionable. Tricky due to variety of algorithms, PoW/PoS differences etc.)
* trade volume at exchanges (reason: measure of market support)
* market cap  (reason: measure of market support, albeit questionable without significant trade volume)
* transaction volume per day (reason: measure of usefulness, but questionable)

Ideas, anyone?


from a commercial perspective always nice to know how many clients/wallets they have had downloaded, if there is a technical way to track this then great.



Yes would like also to know that

Well, the list could be sorted by a combined score but this score should be resistant to manipulation. Take downloads for example. This one is easy to pump by buying some downloads from a botnet for $1.5.
Exchange trade volume? There are exchanges that don't charge fees, so again you might invite scammers to pump the volume.
A) Exchange trade fees of the last 30d in $$? Would be a good one but it's not as easy to determine.
B) Age in seconds is easy and a block chain surviving should be a sign of stability that is hard to fake.
C) Market cap in $$ is definitely worth a thought.
D) Number of running nodes.

score = A * 30 + B * 0.1 + C * D * 0.0001 … something along these lines. Sure the formula and the constants can be tuned to make the one or the other look good but we should talk about a formula and not just one determining value. That said: I have no AltCoins at all and feel like 99% of them are get rich quick schemes by the people running them but I don't want to be the last to know if any of them actually is to be taken seriously.
430  Economy / Service Announcements / Re: Bitcoinary.com - The new smart way to buy and sell Bitcoins. on: October 23, 2013, 03:11:19 AM
how does the site make $?  Is there a fee?

I've not implemented the fees yet. Current thinking is 0.5 - 1% paid by the market maker.

At the moment it's free while I iron out any issues and add the features people are already asking for.



Is 1% a promised max? If your fees exceed 1% I would not bother registering. Actually I just registered but don't get my activation mail.

edit: thinking of it, as long as you don't handle money yourself, I don't see why you should take such a high cut at all. 1% capped at 1$ would seam more reasonable to me. Also I don't see how you would enforce any fees if the deals happen person to person for cash.

I've got a make a living, so 1% capped at $1 would be great if volumes are huge. I don't see any need to go over 1%.



I just made my 2nd sale, and everything went great, BUT I have to say until this fee is reduced I am no longer going to use this service. 2.5% fee!?  I know that post was from over 1 year ago, but seriously I just had to pay you $25 for 1 transaction, a little ridiculous. It is a nice site, I see good potential for growth and legit competition to LB, but not until you get some more reasonable fees. I  will keep checking hoping that number goes back to 1%

oh, lol Smiley
over LB's success I had forgotten there was this site as well. Yeah, please get your stuff together and provide a decent competition to localbitcoins! My guess would be that the train already left the station and you would really have to innovate. Ok, I wish there was such a thing as a decentralized service based on open source. Something like a localbitcoins federation, so I can apt-get install bitcoinary on my server, invite my friends and public to create accounts on my server, but if they want to use bitcoinary.org, because they have credit card gateways etc., they can do so, but searching for trades will find them across the whole federation if the server where i have an account is configured to trust others (all that bitcoinary trusts for example). Users could still say no to certain servers (think: hotmail, mail.ru, etc). Hmm, what you think?
431  Alternate cryptocurrencies / Altcoin Discussion / Re: List of all cryptocoins on: October 22, 2013, 11:03:56 PM
Dont understand why you put Goldcoin GLD in THE PURGATORY when this coin is outperforming most alts. It has a very active dev team, a big and growing dedicated community. It should at least be in CANDIDATES list. I think its time to update your list.

+1

yeah to tell the truth as much as I've given microguy and the dev team plenty of stick, still gldcoin has proven itself, and has a strong enough community to be considered a candidate.

I guess the OP better be anonymous. Else, any sorting whatsoever will get him hate and threats.
432  Bitcoin / Bitcoin Discussion / Re: What will happen when the 21M bitcoin will be minned on: October 21, 2013, 09:08:32 PM
Um... you can half it more?
Can't the 8 decimal be increased?

Yes. It won't happen for mining though. It will only happen if trading justifies it, but off the chain transactions can already be done sub Satoshi, so why bother? In order to have billions of people trade in bitcoin you need to go off the chain anyway so even for trade there is no practical benefit of more decimals. If by that time a Satoshi would still not buy you a meal, people wouldn't bother changing things as fees will buy the miners many meals if Bitcoin survives to that date.

Edit: My assessment about fees might be inaccurate. There is also a possibility of mining turning into an expensive effort with no reward from the ordinary bitcoin users, run only by those with high stakes in Bitcoin merely out of their own pockets.
433  Economy / Service Announcements / Re: Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house on: October 17, 2013, 06:05:55 PM
In fact most orders on Bitmit are not auctions but buy now.
If auctions can be destroyed by simply creating a new account and bidding with no money in the pocket, it's not that much fun to both offer and bid on an auction. Please review your 20% no-pay if it is worse on auction style as no-pay hurts 100 times more there than on buy now style where the seller has plenty on stock and the sale does not disappear just because some a**** clicked buy just for fun.

Pre-payment sounds like a good solution for the problem but I think this will scary many potential buyers away because some people are purchasing the btc for large orders after they won the order.
Absolutely agree with this from the buyer side but please take into account the damage done to your active users, especially to those that – like me – prefer auction style for getting rid of stuff they don't want to put a price lable on.

I've got the following proposal:
- Setting to require sms verification for potential buyers
I have 4 throw away numbers, others prefer not to give you their number. In order to bid, make them either provide a phone number or charge the account with BTC and please make auction style with payment mandatory for users with less than 1 successful purchase. It sux soo big when an auction comes to an end after a bid war with 5 people involved that all invested time, sweat and tears when the winner doesn't collect his purchase.

I could imagine much stricter rules that would prevent 5 times buyers of some voucher items to bid on houses and other expensive stuff cause how can I auction off a house on bitmit with every interested party being able to destroy the auction with a throw away account?

We also got some users on Bitmit who are hearing BTC for the first time and simply buy products but cannot pay -> We need to make it more clear on the checkout process that the only available payment method is Bitcoin
Therefore, contain those first timers on sales where they don't make offers disappear for the time it takes to learn about bitcoin. Always  look at the two sides of the decision. Sure, those noobs might refrain from hitting buy and never come back but half of them might never buy a single item and the other half might not compensate for the frustrated customers of you that simply leave because you unleashed a horde of idiots on their customer support capacities.
434  Economy / Service Announcements / Re: Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house on: October 16, 2013, 03:50:38 PM
It's time to crack it down. We need to investigate the reasons for that quite high number. Do have any proposals or know some reasons why your users are not paying?

Find it out yourself!
My approach would be to first search for some strong correlation between attributes I have at hands. Age of the account at time of buying, auction style or sale, ip proximity between buyers and sellers (aka is he buying his own stuff?), prior feedback of both buyer and seller, country, use of messages, frequency of visiting certain pages, distance between buyer and seller, etc.
If there were no such thing that I could use to well predict most of the no-pays, I would add additional parameters like timing during the buy process, timing when browsing the site etc.
If still there were no obvious correlation to some parameter I would throw machine learning at the collected data. Above parameters -> pay/no-pay.

Ok, I would love to actually use ML and plan to do on my FluxCards and if you don't love ML, you might want to do some user survey first. Do it on Bitmit. This way you get the actual user history linked to his answers.

Also 25% unpaid are a real downer! I understand that you want to get people to hit "buy" as conveniently as possible but the sellers will run away if they get noise from sales that never materialize. Especially with auction style this is very frustrating to have it running for a week with 20 bids and then … great. My quick fix would be to not allow to end an auction without actually putting money in escrow and apply exactly this to whatever you find by above method to be the main candidates of not paying later. My guess would be that among those without rating, no-pay is 80%.

(Please disregard the last paragraph if without money it already is impossible to end an auction. I didn't feel like clicking "place order" just to see if it cancels the auction or not.)
435  Bitcoin / Bitcoin Discussion / Re: Removing old coin uncertainty on: October 16, 2013, 06:52:07 AM
Honestly, if I had once had 50,000 coins, and I lost control of 45,000, I would be quite happy to see this idea implemented.  By proving that those 45,000 coins were in fact gone, I would increase the value of my remaining 5,000 coins be more than if people were just left guessing about the 45,000.

Hehe, I just defended your OP but I doubt this point a bit. People have bitcoins in truecrypt drives that they forgot the key for etc. and consider it extra save to care about recovering this data in some distant future when it became easy to recover passwords to a truecrypt drive but not easy to guess the private key to their bitcoins Smiley
436  Bitcoin / Bitcoin Discussion / Re: Removing old coin uncertainty on: October 16, 2013, 06:46:29 AM
Ok, as there is so much hatred towards the the OP:

I totally agree that unmoved coins should be removed. I disagree with the OP that this should be some singular event (I don't like singular or recurring events like the reward halfing) but it should be some rule like coins that did not move in 10 years are dead.

Yes, I gave bitcoins to friends and family and told them that they just should remember that it's called bitcoin and if in ten years they find the cd and have no clue what bitcoin is they should throw it away. Else, they would be rich. Well, guess what, they are all excited about their bitcoin holdings now and within 10 years they would not miss to move their coins, so I am not worried about people loosing their coins.
I think 10 years would be a reasonable amount of time and being introduced now, it shouldn't take effect before 2023 but I think we should do this because:

We will loose considerable mining capacities to people trying to crack those big addresses that don't move to the next more secure algorithm once the current ones become insecure.
The sins of the past where tons of dust is created will also get wiped out of the block chain once the nodes may forget about +10a transactions.
It is not stealing when people can at no costs keep their wealth as a client of that generation would automate the refresh and the transacitons would be for free as they would not be urgent and certainly qualify for zero fees. Miners not including those keep-alive transactions without a fee would be attacking bitcoin.

The down sides are:
Sending reduces the security by revealing the public key which is why you would better not continue using the address after refreshing it, which would be maybe sad for some vanity addresses that only collected and never spent coins but maybe a rule could be derived that would allow to keep addresses alive without revealing the public key.
Sending requires becoming active somehow and I guess this fact is what really pisses off people here. Hey, I bought a car and now you want to install a dead man switch that I have to press every minute? Yeah, I understand that but when the current algorithms become insecure it will become an issue and I am 100% sure that we will come to some such agreement at some point, so I would rather want it to be in place before it's urgent. Sure, if Satoshi is the GOV he will not want to move his coins never ever before the world agreed to use his coins but hey, in 10 years we most likely have ZeroCoin or something anonymous like that and even if not, it should be possible then to move the addresses without people knowing who did it.
437  Economy / Service Announcements / Re: Coinbase is hiring remote customer support! on: October 16, 2013, 03:42:49 AM
Giszmo, great questions.

We did a blog post on this as well:
http://blog.coinbase.com/post/64143333723/building-a-world-class-remote-customer-support-team

Writing skills would be important, but mental acuity is more valuable to us. You can be located anywhere in the world. Also, timing is not as important as correctness on the test. Hope that explains a bit and thanks for applying!

Thanks for that link. Would definitely had me more motivated. The sequence and the symbols questions annoyed me and another one got me put an answer before realizing that my research was worse than outdated Sad
438  Alternate cryptocurrencies / Altcoin Discussion / Re: List of all cryptocoins on: October 16, 2013, 02:27:22 AM
xorxor thank you for maintaining this great list! did you think about moving it to the wiki? Guess the edit war would be epic Grin
439  Economy / Service Announcements / Re: Coinbase is hiring remote customer support! on: October 16, 2013, 02:18:23 AM
Ok, I did your little test and I would actually be available starting November but still, please add some info here.
440  Economy / Service Announcements / Re: Coinbase is hiring remote customer support! on: October 16, 2013, 01:56:13 AM
Olaf from Coinbase here. We're looking to hire a remote customer support team! If you think you've got what it takes, take the test here:
https://docs.google.com/forms/d/14wvLFoO24wrMQlRLugEC2KRjE93tDroLVCrqJfttHA4/viewform

Also, upload a resume here:
http://form.jotform.us/form/32870379099165

The top 5% of scores will get an interview. Best of luck!

Mind telling a bit more about what this is about? I would love to work in Bitcoin for a living and I would most likely solve your funny riddle within an hour for the fun of it but I find it rude to not say anything about what this is about or show a link from coinbase itself to it that would proof that you actually are from coinbase. What do you need? I mean do you need language skills? Do you need global distribution? Why ask the time in a certain time zone as a hard discriminator? You believe that you get an indicator of how fast people are via this? People that know all the answers to your questions are certainly capable of training and submitting the test from a different ip/machine, so you will not get a timing neither.
Also to generate a 1BASE-vanity address you might have bad luck and it takes an hour alone to install vanitygen and generate that address. I wouldn't like to jump through hoops and loops just to be sorted out because I was too fast aka solving your time lookup last is considered wrong.
… and what has sorting letters to do with customer support??
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