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61  Other / Beginners & Help / Re: So, how *exactly* does the trust system work? on: December 29, 2013, 05:17:29 AM
I've read most of the FAQ threads around here, missed that one. How emasculating.

 Tongue Thanks Danny
62  Other / Beginners & Help / So, how *exactly* does the trust system work? on: December 29, 2013, 05:04:34 AM
I figure this would best be put under the noob section.

I get that it is nothing but a record of a user's trades to be taken for what it is. It's not a magic barometer that means you won't lose your Bitcoins when dealing with this person.

But what does it all mean?

For example, on my profile I'm looking at this:

0: -0 / +2(0)

What does each number mean? It looks like Total Trust: -negative deals \ +positive deals (mystery number)

Furthermore, what does it take to make that sumbitch green and legitimize my presence as a trader? I'm guessing my account needs to be more than 2 weeks old, but I've completed a couple transactions with members here and it never gets any easier.

Any and all details you can elucidate for me on the trust feature would be appreciated.

Many thanks.
63  Other / Beginners & Help / Re: Need I worry? on: December 29, 2013, 04:45:48 AM
Why don't you ask him and find out?
64  Other / Beginners & Help / Re: Predict the Date: When will Amazon accept Bitcoin ? on: December 29, 2013, 04:17:05 AM
Some further info on acceptance; take a look at this article from Bloomberg Businessweek; http://www.businessweek.com/articles/2013-12-27/does-it-make-any-sense-for-overstock-dot-com-to-accept-bitcoin  The CEO of Overstock.com says by mid 2014 they will accept Bitcoin.  This was also listed by NY Times http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0   Black Monday for 2014 online purchases will most likely have many merchants accepting bitcoin, and if this occurs, how much will this drive up the value of the Bitcoin?  Is $2,000 likely if this happens? 

If Overstock pushes other big online retailers into accepting BTC as well, I could see it.

Then again it won't need much help as I think it'll be well over $1200 by next winter.
65  Other / Beginners & Help / Re: Predict the Date: When will Amazon accept Bitcoin ? on: December 29, 2013, 03:55:58 AM
Saw this item on Amazon  http://www.amazon.com/999-Fine-Copper-Bitcoin-Commemorative/dp/B00DEY7JYO/ref=sr_1_4?ie=UTF8&qid=1388288211&sr=8-4&keywords=bitcoin   It is a commemorative Bitcoin.  Purchases now possible only with cash or credit.  My guess is I will be able to buy this item on Amazon using Bitcoin for next year's Christmas season.  I am interested in other estimates on when this will happen.  

Amazon won't accept it unless everyone else has first. They have their own redeemable "coins".

If it gets truly big, and truly global, Amazon won't have a choice though. They would need to do it because they completely rely on quick shipments, quick payments, and high volume.

They won't ignore the new wealthy elite.




If I had to pick a date it would be at least 2 years down the road.

66  Other / Beginners & Help / Re: What will you do if bitcoin "wins"? on: December 29, 2013, 03:49:30 AM
Great point, traiz. How rich is rich?

No matter how high bitcoin might go, I imagine that I will always want it to go higher. Despite this, I am already living a comfortable life. I have my needs met, and I am not going to starve anytime soon. Does wanting btc to continue to rise make me greedy? Will being a fiat millionaire actually make me happy?

I don't know, but I don't expect that it would.

On a somewhat related note, I want to make a pledge to donate to charity. If bitcoin reaches X amount, then I will give Y% to charity Z.

I want to do this in a public space (this forum) so that it makes it harder for me to go back on my word when it happens.

I've never given a significant sum of money to charity before, so I'm a newb. Any ideas for plugging in the X, Y, and Z to my proposal?

"If Bitcoin reaches $800, I will give 99% to St. Jude's."
67  Bitcoin / Bitcoin Discussion / Re: Bitcoin will *not* attack/destroy/fight/etc central banking and fiat currency on: December 28, 2013, 10:27:31 PM
No one is expecting it to topple governments or replace the almighty dollar.

You know how when you're travelling, you can use a VISA anywhere in the world?

Same difference, just better.
68  Economy / Speculation / Re: I predict that btc will rise to $2000 by end of March 2014 on: December 28, 2013, 03:21:41 PM
If only people could stop going around with this "I-predict-that-btc-will-be-choo-choo" shit.. if you have nothing interesting to say, don't say it  Tongue

Agreed. Isn't this the type of low-value post that needs to be deleted?
69  Other / Beginners & Help / Re: My Relatives' "criticism" about BTC, and other AltCoins. on: December 28, 2013, 02:48:35 AM
Hey All,

Please note that these are not my criticism, they are my Relatives' and I need better answers than my own.  Well... roll the questions  Tongue!

1.  Mining AltCoins?  Isn't that illegal, like printing counterfeit money?
Please help with this one.  My explanation was that mining is just like mining in real life, and BitCoin is just virtual gold.  This brings us to the next question.

2. Bitcoin (and altcoins) are just code?  What value do they have?
Ofc I have said paper is just paper, and besides it's use in tech, gold really has no value either, it's just shiny, so there really is no difference.

The next one happened when I was talking about new AltCoins, and I was talking about making ones for a niche...
3. OMG!  Your trying to counterfeit money!  
I explained that a cryptocurrency has no value except what people are willing to pay for it, like a stock.  Still they do not understand.

I just want a clear rebuttal to these points.  Thank You.

1) Bitcoin to my knowledge is not "patented" and it certainly isn't regulated by any large body... and even if it were those things, most Altcoins differ from BTC in one or more subtle ways. It's not stealing and it's not printing free money. Mining is how every cryptocurrency is spread. The creators of the currency WANT you to mine it.

2) There is no way to explain it more simply than you already have. People value things for reasons. Derp. BTC just happens to be very fast, free of sales tax, secure and anonymous. People who are fed up with banks like that.

3) If mining BTC is working for dollars, then mining LTC and Doge is working for quarters and pennies.


Some people were not meant to BTC
70  Other / Beginners & Help / Re: MtGox Withdrawal Cancellation/Reversal, HELP!!!!!! on: December 28, 2013, 02:32:24 AM
About 6 weeks ago I withdrew a large amount of US dollars from my MtGox account. The funds were deducted from my MtGox account but have not yet been received at the destination account.

Due to all the troubles I have read about, I now prefer to reverse/cancel the original withdrawal request, so that th funds can deposit back to my MtGox account.

Can somebody please tell me how do I reverse/cancel my original Withdrawal request?

Thanks

Gox is notoriously hard to withdraw fiat from. That's why their prices are so much higher.

I've heard BTC-e is the opposite (hard to deposit fiat) and their price is generally low.

It's just one of those things where you gotta wait. If nothing happens soon, just keep contacting support until you get an answer. If nothing happens in a timely manner after that, fun threats can begin.

Thanks for the answers

My concern is that the only thing I have to show hat I even made the withdrawal is a standard email they sent me a few minutes later, it gives me a "TRANSACTION REFERENCE" number, time of the withdrawal, and my IP address.

It says nothing about the amount. Also, since it is a dollar withdrawal and not a BTC withdrawal, it doesn't show up in my account history.

Is this normal? I read that some people get a Transaction "Confirmation".

This may be a silly question, but......why SHOULD/WOULD they give me my money back? I mean, I don't recall ever signing anything with them. Are they at all legally bound to give me back my money? I mean, what is their incentive?

Their incentive is to not fuck up and lose users. They want to stay in business. What I've found from sites like Gox and Coinbase is that they are sometimes incompetent, not sinister.
71  Economy / Speculation / Re: 2014 - starts poorly (?) on: December 28, 2013, 02:00:47 AM
If you sell for example today and you leave your money on the exchange until the beginning of January and then withdraw. Do you have to pay taxes for 2013 or 2014?

I sure as hell wouldn't pay until 2014.

If there's nothing entering my real bank, there's nothing I'm going to pay for.
72  Other / Beginners & Help / Re: How are trades conducted here? on: December 28, 2013, 01:54:12 AM
I just conducted a trade with Bobbeh, seems to be on the up and up.
73  Other / Beginners & Help / Re: Where to make/earn/get bitcoins. on: December 27, 2013, 06:48:56 PM
Does anyone know places that you get free bitcoins or earn them.

Specifically high-yield faucets.
Or trading advice.
Thanks


No faucet is high-yield.

As far as consistency, ease of use, and reliability go, I'd have to say Dailybitcoins.org

If you keep at it you can earn a tidy sum.
74  Economy / Speculation / Re: Anyone "all in" on bitcoin? on: December 27, 2013, 05:39:39 AM
Sold all mine at $750, waiting for it to go back to $600s
Prepare for disappointment.

To OP:

I have over 80% of my savings in BTC/LTC at the moment but it's not as impressive as some earlier adopters...

I have a full-time job to pay the rent and get my kicks, but most everything extra I have goes into Crypto. I keep maybe $1000 in fiat just for whatever.
75  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying 30 LTC for 1 BTC on: December 27, 2013, 05:33:20 AM
Life simplifying tip:

Google: Bitcoin Exchange

btc-e is popular but coinedup is free:
https://coinedup.com/Orderbook

I know, I know... but BTC-e gave me a lot of trouble recently and I haven't ever heard of coinedup before. I was just looking to complete a quick transaction.

Thankfully this harrowing experience is over. Tomato is a gentleman and a scholar.
76  Other / Meta / Re: Naive question about this forum on: December 27, 2013, 05:26:51 AM
A FORUM is just a place people go to talk and be heard. We exchange ideas and information. We are free to walk away at any time, and this forum doesn't record any personal data unless we want it to. It does not have a direct effect on our Bitcoin or our other assets.


All the scams and scammers on here have a direct effect on Bitcoin.  There have been many reports to law enforcement about the people involved in running this forum and it gets mentioned in some serious criminal cases.  Many people have lost money who have participated in this forum and who have answered the ads run by the forum administrators.

Every major website that deals with Bitcoin has been the center of controversy at one point. This forum is no different but at the end of the day it's gullible people and bad people who are responsible for the scams and theft. None of it is centralized.

How many defunct trading spots and exchanges can we name? A lot. And most of them were pretty big, relatively speaking... yet here we are in December 2013, and BTC is chugging away at $700+

If any place were truly big enough to act as a centralized node that controls the majority of BTC transactions, we'd be fucked, but I doubt it's gonna happen. After all, China couldn't break it.
77  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying 30 LTC for 1 BTC on: December 27, 2013, 05:20:00 AM
I can do this. Send 1 BTC to 1Ay6BJRhdLszeJNJ8Cm1JVZFCQUvQbmT4M and I'll send you 30 LTC. Just let me know what address.

I just received 1 BTC to this address. Where do you want your LTC sent to, Bono?

Taken care of via PM.

Looks like I just got the 30 LTC sent to my wallet although it is very new and unconfirmed.



Leave each other feedback once confirmed.

I've done so for Tomato and asked that he do the same, just so I have something on my record for future trading. It might help dissuade the 4-pronged accusations of scamming.

THE SYSTEM WORKS!

KIND OF!
78  Other / Meta / Re: Naive question about this forum on: December 27, 2013, 04:52:15 AM
Look at the roots of the word.

A FORUM is just a place people go to talk and be heard. We exchange ideas and information. We are free to walk away at any time, and this forum doesn't record any personal data unless we want it to. It does not have a direct effect on our Bitcoin or our other assets.

It's a meeting place. Not a centralized control center.
79  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying 30 LTC for 1 BTC on: December 27, 2013, 04:30:17 AM
I can do this. Send 1 BTC to 1Ay6BJRhdLszeJNJ8Cm1JVZFCQUvQbmT4M and I'll send you 30 LTC. Just let me know what address.

I just received 1 BTC to this address. Where do you want your LTC sent to, Bono?

Taken care of via PM.

Looks like I just got the 30 LTC sent to my wallet although it is very new and unconfirmed.

80  Other / Beginners & Help / Re: Waiting for coinbase account verification deposits... on: December 27, 2013, 03:19:07 AM

Actually that's touché.   Roll Eyes

And I've never had any problems with Coinbase. Some transactions have taken over a week, but I always have gotten what I was guaranteed and the wait is worth it.
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