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101  Bitcoin / Bitcoin Discussion / Re: BTC business ideas on: January 18, 2014, 04:37:51 PM
Sell GPUs packaged with a miner software that has config files already set up for best hash rates for ltc mining. Make money on solving other people's unwillingness to deal with setting up miners.
102  Other / Beginners & Help / Re: Mining with 2 different AMD GPU's on: January 18, 2014, 04:20:29 PM
Plug a spare monitor in it.
103  Other / Politics & Society / Re: Libertarians... if you could change 1 thing in the US constitution.... on: January 18, 2014, 03:19:29 AM
I would have added a secession amendment to the bill of rights.

"The right to secede from the union shall be preserved for all states and persons."
104  Other / Beginners & Help / Re: Do all mining GPU in the same rig have to match? on: January 16, 2014, 04:36:15 AM
The immediate thing I see is that custom settings in your .bat file aren't going to be ideal for different GPUs. You will probably need to have settings for each device. I'm not sure how to write such a bat file but someone here probably knows how to write a single bat file for multiple cards.
105  Bitcoin / Bitcoin Discussion / Re: Newegg advertising "Bitcoin mining gear" on: January 16, 2014, 01:36:22 AM
This is like selling a 49er gold panning equipment but not accepting his gold for payment.
106  Bitcoin / Bitcoin Discussion / Re: Accepting Credit Cards for Bitcoin - Why Not? on: January 15, 2014, 03:13:20 PM
How I would accept CC:

Make a btc gift card and ship it via traceable delivery. Gift card has public key and private key for a wallet. Private key is concealed by scratchoff material. Refund policy is only if buyer returns card with scratchoff intact and wallet not swept. Delivery is only to billing address of credit card. Transactions limited to in-country only.
107  Economy / Long-term offers / anyone ever sought a home loan via btc on: January 14, 2014, 05:17:39 AM
I'm under contract to buy a home in AZ,  contingent on obtaining financing. I'm considering seeking a BTC loan instead. If I go this route, obviously I expect the lender to hold title as collateral same as a bank would and for me to go through the same qualification process.

So why not go through a bank?

I'm self-employed. Banks average your last two years income. If I was a w2 employee,  they would go off my last 30 days paystubs and I would be in like Flynn. My two year returns look low because I desire to pay as little income tax as possible, which is a conflict for a bank that wants to see you make as much as possible.  Prior to the housing crash, I would have done a stated income loan with my good credit but that type of loan program is unavailable because it was the scapegoat for the last housing crisis.

The house I'm trying to buy is a site built home constructed in 2006. The seller wants out soon and so the house comps out well. I'm buying it for $129,900 and expect the appraisal to be at least $145,000 due to being on a larger lot than the comps, which have sold higher than this one. I'm getting a good deal because this time of year is slow for real estate and the seller priced for a quick sale.

Any loan would have to be pegged to USD because I expect BTC to keep rising and I'm not paid in BTC. This is not a loan request at this point but would look at any terms proposed.
108  Economy / Trading Discussion / Re: Any escrow service? MM? on: January 13, 2014, 02:19:37 AM
Many people on this forum would point you towards the user John (John K.). He does a lot of escrow transactions for people.
109  Economy / Trading Discussion / Re: Concerns about 2 localbitcoins sellers on: January 13, 2014, 01:23:02 AM
Go with your gut. Walk away from the transactions.
110  Alternate cryptocurrencies / Mining (Altcoins) / Re: Need help picking out a 7770 GPU on: January 12, 2014, 07:06:58 AM
This is good information. If I may pick your brain a little further...absent of any information such as the mining hardware comparison, is there any particular specs you would be looking for in a gpu? For example, you mention that the card with more ram had a narrow memory bus. Which spec on a card would be most important, etc.? Obviously, there seem to be several variations across GPUs that have the same AMD chip. This makes it hard to try and find the best card price wise. I'm a small miner, wannabe really, so the key things for me are achieving a shorter breakeven period and trying to find something that can hash at a decent rate to get some LTC. I do like the idea of keeping resale value because trading up is part of my plan to eventually get up to R9s or 7990, etc. I learned about BTC early enough that I could have mined with CPU and even considered throwing a few hundred at buying them. I don't want to miss another opportunity, but more importantly I want to be part of the currency revolution because I think it's much easier to defeat the Federal Reserve by simply ignoring it.
111  Bitcoin / Bitcoin Discussion / PACs and lobbyists on: January 12, 2014, 01:40:35 AM
Are there any PACs in the US to try and advance crypto-currency at the political level? I found a news story for a PAC that existed for 2 days. I think it would be good to push for legislation that expands freedom for the currency such as dealing with issues with fincen, etc.
112  Alternate cryptocurrencies / Mining (Altcoins) / Re: Need help picking out a 7770 GPU on: January 11, 2014, 11:57:55 PM
Is there not anyone who can advise on this?
113  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mother looking for advice... on: January 11, 2014, 11:48:44 PM
I would have him draw up a business plan and let him run it like a real for-profit business. You can let him finance the cost of equipment through you, put a kill-a-watt meter on his computer and let him pay for the electricity he uses, etc. He's young enough to learn to be an entrepreneur without it devastating his lifestyle if the business fails. Who knows, maybe he will enter adulthood as a millionaire.
114  Alternate cryptocurrencies / Mining (Altcoins) / Need help picking out a 7770 GPU on: January 10, 2014, 05:40:39 PM
I realize this isn't the fastest card but this is for passive mining anyway. I'm looking at several 7770 GPU's, each with slightly different specs. Can you help me get the best bang for my buck among these 4 choices:

(1) Asus HD7770-DCT-1GD5 Radeon HD 7770 Graphic Card - 1120 MHz Core - 1 GB GDDR5 SDRAM - PCI-Express 3.0
     Price $138

(2) Asus HD7770-DC-1GD5 Radeon HD 7770 Graphic Card - 1020 MHz Core - 1 GB GDDR5 SDRAM - PCI-Express 3.0
     Price $148

(3) Asus HD7770-2GD5 Radeon HD 7770 Graphic Card - 1020 MHz Core - 2 GB GDDR5 SDRAM - PCI-Express 3.0
     Price $209

(4) Asus HD7770-1GD5 Radeon HD 7770 Graphic Card - 1000 MHz Core - 1 GB GDDR5 SDRAM - PCI Express 3.0
     Price $115

I'm looking to mine primarily LTC but will consider other alts. Also, since GPUs tend to get bought up pretty quick, it's possible I might not have all the choices listed above. If you're feeling particularly helpful, please respond in preferential order such as 2,1,3,4 or 3,4,2,1, etc. Thank you in advance.
115  Other / Beginners & Help / Re: Recycling of 'lost' bitcoins on: January 10, 2014, 03:53:54 PM
This same idea has been proposed, discussed and shot down many times.  Please learn to use the search function.

Even though I'm quite new myself, I can't begrudge someone who didn't find what they were looking for on this site with the site's search function. The search function limits you to one search before you hit significant time limits. While I understand the need for time restictions to prevent spammers, I think the sitr could be more generous with how often you can search.  I often conduct web searches using a variety of terms because the first term didn't produce useful results.
116  Economy / Trading Discussion / IDEA: BTC "cards" with public key but no private key on: January 10, 2014, 07:53:25 AM
This idea is more theory than anything else.

The basic concept here is to create a type of paper money or card that is tied to a wallet containing an amount of BTC same as denominated on the card. The issuer of the card retains the private key for each wallet. Obviously, this makes it impossible to move money out of the wallet. A QR code on the card allows the holder to check that there is in fact BTC associated with that card. The issuer must be willing to redeem the card in exchange for BTC. This could be possible by either giving the holder the private key to that wallet but there is a more desirable method. That method would be for the issuer of the card to transfer BTC to the wallet of the redeemer upon surrender of the card. This allows the issuer to re-circulate the card or destroy the card if worn out and print a new replacement.

I think these would have to start out as small denominations at first such as 0.005 BTC to facilitate small, everyday transactions as well as to foster development of trust. The issuer would have to be trusted to not spend the money in the wallets. To facilitate this trust, I think the issuer should publish all the wallet addresses of each card online so that people can check activity on those wallets to verify that all cards issued are legitimately backed by BTC. This has a distinct advantage over FIAT currency which are redeemable for nothing and backed by nations that are trillions of dollars in debt. Also, if historical patterns continue, these cards would gain increasing purchasing power whereas FIATs like USD are losing purchasing power.

I think this idea bridges the divide between online currency and in-hand currency. You wouldn't need a computer or anything electronic to perform a transaction, just acceptance between the two parties.

By not having the private key on the cards, they can't be spent by any holder of the card and that means that any in circulation would have BTC tied to it.
117  Other / Beginners & Help / Re: Recycling of 'lost' bitcoins on: January 10, 2014, 04:04:36 AM
I see no need for such action. As bitcoins become rarer, the value will go up. If the need for more units of crypto-currency exist beyond what bitcoin has available,  another coin will fill the void, and so on and so forth.
118  Bitcoin / Bitcoin Discussion / Re: Bitcoin's long term future at stake? on: January 09, 2014, 02:49:16 AM
I think the adoption rate of bitcoin will resolve this. As more and more transactions are made, there will be a lot of fees to be made by mining. Also, as interest in mining drops, so will difficulty until an equilibrium is achieved.
119  Economy / Marketplace / question about accepting credit cards online on: January 08, 2014, 04:59:50 AM
Is it possible to limit credit card transactions on a website such that a first time customer could only spend a smaller amount? Could such restriction be lifted automatically after, say, 30 days? Also, could someone be limited to only one transaction on such account with that card during that same period? Is it possible to limit credit card acceptance to only those transactions where the delivery address matches the billing address?
120  Other / Beginners & Help / Re: Sell BTC without having them in stock on: January 08, 2014, 03:32:12 AM
I suppose the way to do so would be to sell the bitcoin but with a delay in delivery. For example, you sell a bitcoin at current exchange price plus a premium with a delivery time of 4 hours after transaction is paid. This gives you time to buy the coin, get confirmation, then do the transfer.

However, if the buyer pays by means of a CC, there is the possibility of chargeback, leaving you with a loss.
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