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The question, of course, is for every single "investor": Lost enough to take the risk to trust the SEC/GOV/Man?
People who lost marginal or no sums at all can hardly decide that for the others..
So, again, two evils are to be weighted against each other.
Ente
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Shavors?
I wouldn't even have said anything, but it's been a week....
Don't understand the question
..maybe the typo in the topic.. Ente |
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I'm pleased to announce the creation of the first Casascius 2-factor Physical Bitcoin. Info about it is on my website. I am posting in the Bitcoin Discussion topic because I'm interested in discussing the practicality of this as an idea, more so than the existence of this as a "product for sale". Most people aren't going to buy it - it is priced out of reach for most buyers mainly due to the overhead in customizing each one, but might make a lot of sense for an institutional buyer of bitcoins who needs an idiot-proof way to store a lot of bitcoins in a vault, or someone who wanted to buy a batch of them.  I like it! The concept is nice, surely with a lot of possibilities! So, to simplify and sum up: - You receive the public key pub1 from your customer. He keeps his corresponding private key priv1 secret - You generate public key pub3, and engrave/laser/print it onto the coin - You insert the private key priv2 into the coin - Customer may create the corresponding priv3 which belongs to pub3, if he knows priv1 (which he created) and priv2 (which is in the coin) So the customer still has to secure a piece of paper (with priv1) somewhere. What exactly is the benefit of the coin? You lose the printout, you lose it all. Just like before, when people may use a paperwallet. The benefit of the original Casascius coin was, for me, to have the funds in a, well, coin? Which may or may not be more robust and easy to lose than a printout.. Don't get me wrong, I am still wrapping my mind around this! I see it as a tool, a concept, where many great things can evolve from! Ente |
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What you guys are discussing is called securities fraud in the United States. This is exactly what the US SEC is investigating. Unfortunately Trendon and the pass throughs who may or may not have colluded with Trendon Shavors will probably walk as the word is no one is talking SEC. And without witnesses the investigation will not lead to charges and game over you lose. You are the suckers left holding the worthless investment and who ever defrauded you gets off free. That how is works. So do something about or stop wining about it on this board.
Does that mean *noone* gave information to Philip Moustakis? After all the drama, cries and threads in this forum, noone simply passed on some info so Philip Moustakis could do the dirty work for us and go after Trendon? That's a shame! If we aren't even capable of that, I wouldn't be afraid of anything as Trendon. He may just as well post his phonenumber, address and a detailed confession, the worst that would happen to him would be pizza and swear calls?!? Philip Moustakis is on our side, don't forget that please! Come on, people!
This is the chance to get something rolling against Trendon!
In case we screw up with this simple task, we can kiss all pirated coins goodbye, and prepare for a flood of scams of biblical proportions!Ente |
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Or they might just not even make the news at all.
ever.
*whistle*
For 2013, I think thats the most probable outcome.. Oh, and drama. Lots of drama. Ente |
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Watch the bears try and break the hidden / unlimited support at 10.xx  the biggest transfer of wealth in the history of bitcoin, is about to happen T-48hours to lift off! 26k down to 10.00 The same 26k would bring us to 11.70 by the way. Nah, whatever is coming will take some more time I think.. Ente |
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Just buy, hold and forget about it if the daytrading is too much for you. Big time long term bull flag.
Of course that's not what I want to hear, and of course that would be a clever thing to do! :-) Ente |
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I don't get it.
This time I tried to use more reasonable indicators.
- We are a good bit lower than EMA50 (which is at 11.43)
- RSI was down to 20, now went up to 40 again
- MACD is bearish on the daily timescale since October, but getting a bit "better" now
- MACD turned bearish on the weekly scale, for the first time in 2012
- asks are a lot more than bids, I think even without the singular walls
- total accumulated orderbook looks bearish too, which is a rare thing
- heck, even google trends went down, despite all the news!
WTF!
Why is it climbing and climbing?!?
This is the first time I speculated with my Bitcoin savings because I felt so sure it would fall strongly and go down for a longer bearish period.
Sold at 11.08, which we will reach again in a few days, it seems.
I feel like water is dripping through my hands, no matter what I do.
..and if I was to buy in again, with a huge loss, I can be sure it will drop like a stone two days later!
Even the big drop from peak 2011 wasn't as depressing for me as it is now..
What the hell is going on!
Ente
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We should consider payb.tc scammer for that reason, he should keep the website fully functional until the matter is clarified. Imporper communication and no funds means scam.
Unprofessional? Yes. Scammer? No. Come on, which money did he steal, again? Did anyone of you even contact him? Ente |
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Any updates on the topic ? Is anybody working on it ?
i hope they will update it, or someone pick it up since this is really important! Live in hope, die in despair! --- It will never happen. The developers want BTC to get mainstream acceptance. The major issue that Governments and institutions have is the perceived anonymous nature of the BTC system. Therefore the developers will not countenance the idea of increased anonymity, perceived or otherwise. ..quite a bold statement. Care to back it by something? Ente |
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Schönes Ding! Hab gar nicht mitbekommen, dass Bitcoin Friday doch ordentlich groß wird! Bis Donnerstag dann! Ente |
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I switched to short/mid term bear recently but that has now changed. I feel very bullish mainly thanks to the recent European Central Bank report and also some other smaller stuff such as the MMOExchange/Ogrr merger that finally happened and Bitcoin Friday which I think will be a fairly big event also.
I wish some news came regarding the BitInstant Debit card but other than that I'm feeling bullish.
I find that too small to have a significant influence on the exchange rate. If anything, the money2000 presentation was big! A *lot* of people with a *lot* of money hearing about Bitcoin there. If anything has an influence on the exchange rate, then this. The things you list are great for the Bitcoin economy and its future, no question. It's just that exchange, trading, speculation is pretty much decopled from that.. You can call it that, I rather find it embarrassing  It's rather some "me too" kinda listingannouncement of "you'll see". The list of vendors is rather pathetic and there is zero back ground info. If they'd really want to spread awareness they'd organize an event and tell what to expect. I don't understand your sentiment. I like Bitcoin Friday. We can argue how effective it will be, but I don't see anything negative at all. http://bitcoinfriday.com/http://www.americanbanker.com/issues/177_209/bitcoin-merchants-plan-own-version-of-black-friday-1053951-1.htmlOf course that would cost prior investment, something essentially unheard of around here.
lolwut? Ente |
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gonna take some time for the others to switch...
Additional 100GH for a day pointed on updated node will do the trick ;] Do we know any1? Well, the reason to have a treshold before switching to a fork, is, to have most of the users there.. "Cheating" with additional 100gh/s would be just like lowering the treshold. We'll get there, fast! :-) Ente |
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ah, right, now I see! The orange color is, in fact, a huge conspiracy!
lol
I find it correlating very well for me. By now I see a lot less orange around, and have reduced my facepalming a lot accordingly.
Ente
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Thank you a lot for your efforts, BCB et al!
I very much like to help out to put justice to Trendon!
I know there seems to be no attorneys with definite answers in here, still I have a few concerns and questions, curious what you guys think on that:
- Is info from non-US based members/participants/victims helpful?
- Is info which does only involve PPT operations helpful? (Imagine someone bought/swapped a bitcoinmax account, after default, for example)
- Anonymity: Well.. Some people will prefer to not have their name tied to involvements with Bitcoin. What do you people think is the probability that the SEC will publish, forward, leak that info to, lets say, the IRS (thats the guys with the taxes, right?)
*following this closely*
Ente
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Unfortunately I can't quote EskimoBob any more because he is now on /ignore here..
Ente
Upper right hand corner, where the "quote" link would be, there's a "show" link instead. Click that, and you can see, and quote, the post. You're not missing much, though. Thanks! I forgot the irons and/or evil grin smilies.. ;-) In fact I just recently saw that "show" button. So I don't have to unignore everyone to just check a post every other week.. Makes ignoring those annoying people even easier :-) Ente |
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Unfortunately I can't quote EskimoBob any more because he is now on /ignore here..
Ente
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Thanks a lot, ElectricMusus and myself, for explaining! I will observe it for a while, and see if I like it!  ..the more people know at least about the basic trading "rules", the less erratic, or retarded as someone called it, the whole thing gets! Ente |
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would it be helpful to set up a database to collect creditor information and repayment address in the event any funds are recovered?
Anybody have any idea how that could possibly work??
Please no trolls. This is a legitimate if your response to this is not adding value to the conversation, please refrain from posting.
Thank you.
At least two ppt ops refused to hand over these info to pirate back then. Goat is banned, payb.tc didn't answer in his own ppt thread for months. My conclusion was to wait until there is any coins to distribute. Until then the time and effort is better spent hunting down Trendon['s coins]. Thank you for doing exactly that! Ente |
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I just think that GLBSE turning out to be another scam* coming from a (ex-) highly trusted member of the community, has shattered the trust of many small-amount investors. Also the subsequent fingerpointing game is involving some admins and moderators, which in turn are losing their patience and banning long time members. All of this leaves some bitter feeling that will take some time to heal.
By "small-amount investors" I'm referring to the kind of computer-savvy type that understands how bitcoin works and would see in it a chance to make fast money due to fiat value of bitcoin increasing. Well, I expect most of the people in bitcoin world by now to be in for the chances of profit rather than for the anarchist/save-the world-from-the-evil-banking-system ideas.
So I think that those investors are giving up on their dreams of getting rich through bitcoin, and selling en-masse.
IMO this is just a blip in the life of bitcoin, but the price is mostly fuelled by mass psychology so there's still the risk of a chain reaction.
Also IMO this confidence crash is a good learning experience for the bitcoin community, because it creates awareness and helps preventing disasters of such a high magnitude from happening in the future.
* you can have different opinion on this - James still has a scammer tag 'tho.
Lol You make it sound as if BTC/USD was down 80% from one week before! This is totally normal Bitcoin-behavior, those swings are just more rare than last year. Which is 98% pure speculation driven anyway. ..Which brings me to question your motives for your long post: FUD? How many $ are waiting on your Gox? :-P Ente /enjoying rollercoaster |
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