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1  Economy / Trading Discussion / Re: Jered Kenna reimbursing funds from smaller accounts on: March 23, 2012, 06:15:52 PM
Thank you Mr. Joint.

I want this to go as smoothly as possible and help add more credibility to Bitcoin.
I just moved 20k BTC to show that I didn't lose anything in the Linode hack.
You can see it at this link
I'll probably move it out after it confirms.

I want to have this 99% wrapped up (getting close) before I move on to another project.
I've got a few things lined up that shouldn't be nearly as stressful and I can have a little more fun with.

Jered Kenna


I've been impressed by your conduct since the beginning. I hope things work out better for you next time.

Are you able to say whether your next project is Bitcoin-related? It would be a real shame for the community to lose you.
2  Bitcoin / Bitcoin Discussion / Re: [LIVE] Withdraw Your TradeHill Balance Instantly- BitInstant on: February 26, 2012, 02:17:18 AM
There is nothing to worry about, I am sorry for the delay.

TradeHill approved these on Friday and we are working as fast as we can to finish them off.

Gareth is ill and I'm in the office on a Saturday trying to get this done, without making any mistakes. Please bear with me.

By the end of the weekend, we hope to have caught up.

Thanks for your support


No worries. I understand you're swamped at the moment, just wanted to be sure.

Thanks for the update.
3  Bitcoin / Bitcoin Discussion / Re: [LIVE] Withdraw Your TradeHill Balance Instantly- BitInstant on: February 25, 2012, 05:17:04 PM
How long does the Tradehill->Mtgox transfer is supposed to take? I made a transfer yesterday, the funds were gone by today morning but still nothing in Mtgox.

Me too. I've been waiting more than 24 hours since it was marked 'completed' in TH.

Can someone from BitInstant please confirm that this is nothing to worry about?
4  Bitcoin / Bitcoin Discussion / Re: BitInstant- Withdraw Your TradeHill Balance Instantly on: February 14, 2012, 02:23:57 PM
Notify, please.

Thanks for this service. I was worried I would have to resort to wire transfers..
5  Bitcoin / Bitcoin Discussion / Re: How Open Source Projects Survive Poisonous People on: February 01, 2012, 09:21:44 AM
edit: <3 is a heart right? It's not in my normal vocabulary.

Yeah, it's a heart.
6  Bitcoin / Bitcoin Discussion / Re: How Open Source Projects Survive Poisonous People on: February 01, 2012, 02:59:49 AM
Might as well express my opinion as well. I'm a nobody, not familiar with technicalities (Thanks, Amir, btw, nice intro for the lay person), nor a big miner, so not like I carry any vote or weight. But, I think there are a lot of people in the silent majority like me.

I have observed Gavin and others for many months. I have always thought of Gavin as reasonable, polite, devoted, sane ("security first") and competent - in short, a great choice for the leader of this project.

Regarding leadership of the project, I can't say nearly anything similar for some of the detractors - if I had to choose between him and one of them, I would undoubtedly choose him.  (Not talking about particular technicalities here.) If one person has to go, it shouldn't be Gavin.

I realize it's been much harder and time-consuming for Gavin than it was for Satoshi. As Gavin said in a thread, Satoshi  could just commit, and the world would unquestionably follow.

Also, as he said, these debates have lasted 'forever', and every time they are nearly done, someone comes and starts them all over again. And, that these debates are really about the choice of color of the lock in the bikeshed, not about the mechanics of the chain reaction in the nuclear power plant.

Just saying Gavin has my support. I trust that he will come better off from this, and also sincerely hope that with his leadership skills, he will also be able to avoid future conflicts.

As another silent observer, I agree with everything you said. Gavin has my full support (however little weight that carries).
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: October 28, 2011, 08:24:40 AM
The wiki seems to be down, but here is a google cache of most gpus/cpus and their wattage, hashes, etc.  Note that references to hashing is BTC only, but you should still be able to get an idea of watt usage.

Thanks. Exactly what I was after.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: October 27, 2011, 04:42:18 PM
How much electricity do CPUs use compared to GPUs? For instance, would a high-end GPU mining BTC use more electricity than a high-end CPU mining LTC per unit time? Would the difference be significant?

Might've been asked already, but it's a huge thread to sift through, and there doesn't seem to be a wiki anywhere.
9  Bitcoin / Bitcoin Discussion / Re: Bitcoin Foundation on: October 27, 2011, 04:02:25 PM
Perhaps the idea of an "official" group is not wise.  Instead, the core dev team could create an organization, with special logo and name. This organization would be the de facto official group, but only so long as it held up its reputation. At all times, other groups can form and compete for "de facto officialness."

In essence then, this would just be a Non-profit, spontaneously organized by individuals. If multiple such organizations sprout up, then each community member can support whomever they wish.

Think of it like a market for competing representatives. No group official by law, but any group official by market sentiment. We would see one group come to dominate the sentiment, but Bitcoin would not be irrevocably tied to it.

No group should be granted an explicit monopoly... but an implicit market-derived monopoly would not bother me.

Another vote for this idea.
10  Economy / Marketplace / Re: Get $1 Risk-free Starting Bonus for Bitcoinica Here on: October 24, 2011, 03:19:32 PM
Account is 'lobster'.

BTW, great site design.
11  Bitcoin / Bitcoin Discussion / Re: Bitcoin is UNIQUE on: October 23, 2011, 07:34:40 PM
Why is it that some of us see this thing as a true - to use OP's word - transcendence, while others see it as an impossible and laughable scam with no value?

Not sure if rhetorical, but..

I think it has something to do with the large number of loud speculators that promote (or disparage) Bitcoin for short-term gain. Also, the history of tech is full of stories of revolutionary inventions that were initially dismissed as insignificant, often by high-profile people. The personal computer, and the web come to mind.

I love drawing parallels between Bitcoin today and the web around 1993. However, one interesting distinction is that Bitcoin has a (very public, wildly fluctuating) dollar figure attached to it. Despite not being a very accurate measure of true value, that figure certainly shapes many people's perceptions regarding Bitcoin's value and potential. I often wonder what the early web would've been like if it had a similar figure attached to it. I imagine it would've been one hell of a roller coaster.

Also, great post OP.
12  Other / Meta / Re: How do you manage to read this forum ? (Suggestions) on: October 20, 2011, 06:13:39 PM
Aggressive use of Ignore Boards.

Thanks, didn't know about that.

Not really what I was thinking, but I guess it's a half-way solution.
13  Other / Meta / Re: How do you manage to read this forum ? (Suggestions) on: October 18, 2011, 03:15:21 AM
Can we please make the 'ignore' button also hide the ignored user's threads?
14  Bitcoin / Bitcoin Discussion / Re: Dead simple Bitcoin converter with live rates on: October 15, 2011, 02:14:23 PM
This is exactly the type of tool merchants need. BTW, I've been trying to get the script to work and haven't had any luck. Maybe I don't know enough about Java.

I never got around to creating a merchant tool, unfortunately. Which script are you referring to?

I wish it had BRL...

But nice anyway! Very elegant design!

Thanks! Shouldn't be too hard. I might have some time in the next week, so I'll see what I can do.

The number of exchanges isn't that important.  Mt Gox has 90% of the volume.

A better algorithm would be one which is volume weighted over a period of time. 

Say in last hour there were 5 transactions.

1000 BTC @ $3.99
 200 BTC @ $4.06
 800 BTC @ $4.01
    1 BTC @ $4.80

obviously the $4.80 is an abberation but it is what users would see. 

Taking a weighted average (volume * price) / (total volume) = $4.01 (technically $4.005397).

The only thing to consider is how large of a weighting period.  The shorter the period the more reactive the average.  The longer the period the more it smooths out the spikes but the longer it takes to react to sustained price action.

For a more "immediate value" I think 1 hour would be good starting timeframe but you may need to adjust.

You're right, the last price can be deceptive. I agree with your volume weighted average idea, I'll implement when I get a chance.

Cheers guys!
15  Bitcoin / Bitcoin Discussion / Re: NEW Bitcoin slideshow, brochure, and general info on: October 12, 2011, 10:05:59 AM
Great intro. Can't wait to see the video!

Great.  i think the transitions can be extended just a bit longer for new viewers to think about each slide.  maybe one second longer...

16  Bitcoin / Bitcoin Discussion / Re: 0.1% guys hold 50% Bitcoins, that's too CENTRALIZED! on: October 12, 2011, 09:30:36 AM
I love that 7 of the wallets are 1337.
17  Economy / Speculation / Re: Bitcoin Half-Life is About 6 Weeks on: October 12, 2011, 09:13:16 AM
BTC has fallen from 32 to 16 to 8 to 4 with a half-life of about 6 weeks. If this continues, we'll see $2 by the end of November, $1 by the end of January and $0.50 by March.

Awesome reference.

18  Bitcoin / Bitcoin Discussion / Re: Paypal Strikes Again, This is an Opportunity for BTC to Prove its Value on: October 07, 2011, 06:48:50 PM
Actually I am sure most people here oppose the Occupy Wall Street protests.


I'm not disagreeing; just curious.
19  Other / Beginners & Help / Re: - Bitcoins in 30 seconds, worldwide. on: October 05, 2011, 05:03:13 PM

Thank you for your comment. Unfortunately for our prospective clients, there is not a significant amount of wiggle room for SMS pricing in particular due to high VAT and telecom fees. If you're interested in purchasing large quantities of BTC through DialCoin, a much better value would be mobile or landline phone charging. Not only are rates better and taxes lower, but the price ceiling is much higher as well.

SMS is more directed towards those who wish to deal with greater anonymity, are in need of small values in a hurry, or those who cannot purchase bitcoins by the usual avenues. It's also quite beneficial to mobile subscribers as they can liquidate their unused SMS credits at the end of the month.

Okay, that makes sense.

I will have another look when the other payment methods are available in my country.
20  Other / Beginners & Help / Re: - Bitcoins in 30 seconds, worldwide. on: October 05, 2011, 02:06:11 PM
Love the idea, but why is the price more than 3x the market price?

Also, are these kinds of phone payments immune to chargebacks? If they are, I think you're onto a winner!
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