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1  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 12, 2017, 03:53:23 AM
I would be interested to know of anyone who has been able to withdraw any crypto from poloniex in the past 8 hours or so.

I just successfully withdrew about $650 worth of BTS a few minutes ago.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 07, 2017, 07:13:31 PM
Brian Armstrong, Coinbase CEO, on meeting with Fluffypony:

Quote
Awesome talk by by Riccardo Spagni from @monerocurrency at @coinbase HQ today. Impressed with Monero. @fluffyponyza Talk will be online soon

https://twitter.com/brian_armstrong/status/817452522767937536
Agree wholeheartedly.

Fluffy comes off as extremely honest, non-defensive, and competent. A few topics covered in this 55 minute presentation:
  • Why privacy is important
  • How to evaluate privacy tools
  • Overview of how Monero functions technically
  • TOR vs I2P
  • History of Monero
  • Future plans and directions of Monero
  • An excellent Q&A session
3  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: November 04, 2016, 06:12:22 PM
Meanwhile, he is far removed from such things, and literally could not care less about the price of any dying dinosaurs, no matter if labeled USD, EUR or BTC, unless the magnitude of the change is significant from a global standpoint.

Would you mind going over some of the reasons you think Bitcoin might be a dying dinosaur? If you've already covered this elsewhere, a link to a prior post would be great. Thanks.
4  Bitcoin / Press / [2016-08-12]With looming threat of Ransomware,should companies stockpile Bitcoin on: August 12, 2016, 03:18:11 PM

An interesting article and discussion today over at BleepingComputer.com.

http://www.bleepingcomputer.com/editorial/security/with-the-looming-threat-of-ransomware-should-companies-stockpile-bitcoins/#cid3169
5  Bitcoin / Press / [2015-05-05] Nestmann - Will Central Banks Abolish Cash? on: May 06, 2015, 12:21:14 PM
This article by Mark Nestmann is mostly about negative interest rates and the government's incentive to penalize cash, but it does mention Bitcoin as something worth investigating, indicating that Financial repression laws are leading people who wouldn't otherwise be interested in Bitcoin to consider it as a means to avoid repressive laws.

Quote
Finally… there’s no question that technologies  that will render obsolete central banks and indeed banks themselves are rapidly advancing. Bitcoin is a great example that’s worth looking into.

http://www.nestmann.com/will-central-banks-abolish-cash#.VUoEW5PzfYm
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 26, 2015, 10:18:03 PM
I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

I should refocus to the MiG thing. That is directing to the above segment. Here, my laborious scenario analyses did not receive even one comment. That is indicative that you aren't even interested in Monero here! We need more leaders, and we are bound to get them on board in the coming months.

Just so you know, I read and enjoyed everything you wrote on the subject, but did not feel an immediate need to make any comments.


I feel confident there are many others like me. Perhaps we should be more expressive.  Cool

+1
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 24, 2015, 02:48:29 PM
@rpietila how will 2015.75 effect xmr or even btc? What's your best guess?

What does 2015.75 refer to?
8  Other / Archival / Re: BitSharesX and BitUSD: What is it? A Short Overview for the Rest of Us on: April 22, 2015, 12:53:04 PM

Quote
What I'm assuming they mean is that if you have 100 BitUSD that is equal to $100 USD. And if BitUSD dropped in value to say $90, your bitUSD will fluctuate to 110 or something to compensate the change. So the coins/asset are the #'s that are actually moving not the value.

Now the question I have is say if you have 1000 BitUSD and you want to cash out to USD. Who is going to be the one giving you actual dollars? Sure if you put in $1000 USD and purchased 1000 BitUSD. Say if you wanted to sell that 1000BitUSD now, who is going to buy that back from u at $1000?

I don't think so. If I understand it correctly,  1 BitUSD is backed by enough Bitshares to equal $1. Someone has locked up 3 times as many bitshares as would be needed to collateralize the BitUSD, so assuming there isn't a quick and devastating crash in bitshares, there should be enough collateral to make you whole. So 100 BitUSD would always be worth $100 and would not fluctuate.

At least until there are gateways available, no one will give you USD for it. If you decide to cash in your BitUSD what you will actually get is enough bitshares to equal the value of USD at the time you decide to cash in. You would then need to sell your bitshares on an exchange to get actual USD.

9  Bitcoin / Press / [2015-04-09] Pymnts.com - New Jersey Wants To Tax Bitcoin Transactions Twice on: April 09, 2015, 01:03:19 PM
"In New Jersey, if you accept bitcoin as a retailer, you must collect sales tax — twice."
http://www.pymnts.com/news/2015/new-jersey-wants-to-tax-bitcoin-transactions/#.VSZ0OZPzfYk

This is very confusing, and I'm not sure I understand it correctly. Neither the article nor the technical advisory has any examples to clarify how it might work. But if I understand it correctly, it requires the retailer to collect sales tax from the purchaser for the dollar value of goods sold, which is standard. But it would also require the customer to collect sales tax from the retailer, because in effect he sold bitcoins to the retailer in exchange for the products he purchased.
10  Economy / Securities / Re: Less Than 4 Days to Purchase Equity in Teehe Sports Book & Casino (FAQ Inside) on: March 29, 2015, 05:55:49 PM
Thanks, that does clear it up. Seems ambitious but doable.
11  Economy / Securities / Re: Less Than 4 Days to Purchase Equity in Teehe Sports Book & Casino (FAQ Inside) on: March 29, 2015, 01:12:52 PM
The Business Plan includes some key milestones. Given appropriate funding, are there any estimates of how long it would take to achieve the milestones?
12  Economy / Gambling / Re: Nonvolatile DAO Sportsbook Casino - Teehe.net on: March 22, 2015, 11:57:49 PM
There’s a lot of skepticism on this thread and I get that, especially since the OP has chosen not to reveal his real-life identity. Bitcoin has been rife with scams. However, in this case I think his proposal has a lot of merit. First of all, OP has demonstrated his technical competence and is a well-respected poster in the Peercoin community. Given the nature of the business and the risks involved, his desire to stay anonymous is certainly understandable.  Secondly, I have read the Teehe prospectus and business plan and both appear to have a frank and carefully analyzed evaluation of the strengths and weaknesses of their approach.

Most businesses fail, so I don’t know if this one will be successful or not. But it does sound like they have a very competent and experienced team and the idea of being able to bypass payment processors while offering wagers denominated in USD equivalents is something that seems like it has tremendous potential. AIUI, the peershares platform makes it possible to anonymously distribute dividends relatively easily. Everyone has to run these kinds of proposals through their own BS-detectors and come to their own conclusion, but IMO this one does not smell like a scam.

13  Bitcoin / Press / [2015-03-20] Mish's Economic Analysis -Bitcoin vs. Uber: Bitcoin Lovers Respond on: March 20, 2015, 01:58:01 PM
Popular blogger Mike Shedlock includes a long thoughtful post from a crypto-currency advocate, but nevertheless concludes that government will be able to crush Bitcoin even though it hasn't been able to crush Uber. He says the difference is that the masses demand Uber but the masses don't demand Bitcoin or even know what it is.

http://globaleconomicanalysis.blogspot.com/2015/03/bitcoin-vs-uber-bitcoin-lovers-respond.html?#echocomments
14  Bitcoin / Bitcoin Discussion / Re: Superior Cryptonote Technology on: March 04, 2015, 06:20:56 PM
I don't know enough about it to be able to meaningfully contribute to the discussion, but there is quite a bit of discussion about it in the Alt Coin Discussion forum, especially in some of the Monero threads.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Best way of initial coin distribution on: February 28, 2015, 02:42:25 PM

Although it's an overstatement to say that this solves the sock-puppet problem, it's a great summary of useful techniques for mitigating it. Thanks for the reference.
16  Bitcoin / Bitcoin Discussion / Re: Kim Dotcom : " Let's give Bitcoin a boost " on: February 28, 2015, 02:01:59 PM
Kim DotCom is a disgusting bloated fat pig.  He peddles in illegal stolen wares.  He profits from the illicit use of other people's creations.  Most around here don't like copyright, but it remains legitimate law.  Nerds love 'free' movies, but it is killing the people who produce movies just like the music industry.

I think your comment about "it remains legitimate law" indicates way too much respect for the legal system. There are many examples of clearly immoral laws, (e.g. Fugitive Slave Law) and I'm sure you could come up with your own list of them. Also there are lots of example where copyright laws have been used to stifle creativity rather than encourage it. Kim Dotcom provides one more use-case for bitcoin. If you don't want to use his service, don't.
 
17  Bitcoin / Press / Re: 02-22-2015 Bitcoin’s Market Share In Online Gambling Keeps Growing on: February 23, 2015, 02:35:32 PM
Actually I am pretty disappointed at the level of Bitcoin adoption in the online gambling sector.

+1
Me too. Especially since slow, cumbersome, and expensive payment processing is one of the biggest weaknesses of online gambling sites. Bitcoin seems like it would be such a natural solution.
18  Economy / Service Discussion / Re: Bitcoin Podcast Shows on: February 23, 2015, 01:34:12 PM
Not as much material as Let's talk Bitcoin but Epicenter Bitcoin sometimes has some very good shows.

https://epicenterbitcoin.com/
19  Bitcoin / Bitcoin Discussion / Re: CNN Inside Man bitcoin episode review! Share your opinions! on: February 22, 2015, 03:17:04 PM
A little dated, but excellent largely positive introduction to Bitcoin. Spurlock is a charismatic guy and entertaining to watch. It may not seem so to most main-streamers, but I thought his interview with Senator Manchin made him (Manchin) look like the typical blow-hard, paternalistic, controlling, special-interest serving politician that he is, even though Morgan didn't really challenge him on anything.
20  Bitcoin / Press / 2015-02-22 CoinBuzz - Bryan Micon Statement about Events of 2/11/2015 on: February 22, 2015, 03:03:19 PM
Five minute video where Bryan Micon (Chairman of Seals With Clubs) talks about the armed raid on his home to serve a warrant from the Nevada Gaming Commission. He says  they broke down his door while his wife and 2-year-old were present and that he was led out in handcuffs in his underwear and they confiscated his computer equipment and that he was not charged with any crime. Video was shot in Antigua and he says SWC 2.0 will re-open soon.

http://www.coinbuzz.com/2015/02/22/video-seals-clubs-raided-10-men-guns/

FWIW, I have played at SWC and found it to be a very reputable company. The speed with which they processed payouts speaks volumes about their company compared to some shadier companies operating in the online poker space. I look forward to them reopening.



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