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1141  Bitcoin / Press / Re: 2013_04_03 - TWiT.TV - Security Now_398 on: April 14, 2013, 01:47:29 AM
Leo starts very Bitcoin-negative, which he usually seems,

You'ld think that in the  two years plus since Leo first "didn't get it" (after the exchange rate first reached parity with the dollar) that he'ld get it by now.

Of course, this has nothing to do with technology and all to do with politics.  And he's entitled to his opinion.

1142  Other / Beginners & Help / Re: cavirtex.com - Canadian Bitcoin Exchange now LIVE on: April 13, 2013, 11:23:53 PM
There have been some updates that didn't make it here so I'm posting them below:
 - https://www.cavirtex.com/news?page=1


Quote
April 2, 2013, 12:46 p.m. - RBC Cash Deposits Closing, Cash Processing and EMT Changes

1. Our Royal Bank account will be closing on April 5, 2013. Cash payments will no longer be accepted at any RBC branch after April 5, 2013. You may still make cash payments to BMO and Scotiabank. Bill payments are not affected by this close. 2. As a result of the closure of RBC, email money transfer fees will be raised from $10 to $20 starting April 5, 2013. We advise all customers to use the direct deposit method to withdraw CAD from their VirtEx account. Unverified users can use direct deposit to withdraw up to $5000 per day and $10,000 per month. 3. We are no longer processing RUSH cash payments, instead, we are increasing the number of times we process cash each day.



Quote
April 6, 2013, 11:03 a.m. - Important Customer Service Update

Due to the increase in BTC trading volume and price, VirtEx is busy! We are working hard to get back to each voicemail and email, process payments quickly and are in the process of hiring new team members. Direct deposit and bill payments have been taking about 3 business days to complete. If you are new to VirtEx, please check out the videos on our YouTube channel about depositing funds and trading before contacting us as many of your questions are likely answered in the videos. We appreciate your business and thank you for your patience.





Quote
April 12, 2013, 12:39 p.m. - *** IF YOU ARE WAITING FOR A RESPONSE FROM CUSTOMER SERVICE ***

We are responding to every e-mail and voice-mail and currently have a list of 400 customers to get back to due to the high volatility. We have also just hired 6 more staff dedicated to customer service and account verifications. The most common inquires we get are from people failing to read the Deposits and Withdraw Funds link above fully. We also have a youtube video Depositing with VirtEx, please watch this video as well as the trading video on our channel by clicking on the youtube icon above. If you have made a cash deposit you MUST have a corresponding open deposit request shown on Deposit Funds when logged into your account, this involves pressing DEPOSIT and then CONFIRM on the next page. We do not process RUSH cash deposits, we have a dedicated team processing cash throughout the day. EMT's have been disabled due to the RBC closure, we are taking steps to re-enable them with different banks and payment providers with much higher limits in the coming weeks, in the meantime unverified users can withdraw via direct deposit and by filling in their banking information. There is an up to 5 business day delay on receiving a direct deposit to your bank account. If you sent BTC to your VirtEx account and you have 6 confirmations with no balance increase please logout and then back in. Please be assured that we are working as hard as we can to hire resources, get back to every customer inquiry and decrease processing times for all payments.
1143  Bitcoin / Press / Re: NEW articles in Press Forum on: April 13, 2013, 11:08:19 PM
2013-04-13 QZ.com - Six reasons why Chinese people will drive the next bull mark

https://bitcointalk.org/index.php?topic=176010.0
1144  Bitcoin / Press / 2013-04-13 QZ.com - Six reasons why Chinese people will drive the next bull mark on: April 13, 2013, 11:07:05 PM
Six reasons why Chinese people will drive the next bull market in bitcoin
by Gwynn Guilford ‏

Quote
They’ve already done the whole virtual currency thing—with Q Coin.
[...]
Property, stocks, art, tea—speculation dominates in every major asset market you can think of in China. The Chinese are a people used to high risk-reward investments.
[...]
As the online gamer source tells Quartz, 'the currency’s system is so decentralized' that it would be extremely difficult for the Chinese government to do anything about bitcoin.[...] And unlike with Tencent, there’s no company or entity to target for regulation. 'To China’s conservative regulators,' he adds, “Bitcoin is a game [that's] way more dangerous.

 - http://qz.com/74137/six-reasons-why-chinese-people-will-drive-the-next-bull-market-in-bitcoin
1145  Economy / Trading Discussion / Re: Questions about trading on: April 13, 2013, 10:02:31 PM
Do I need to wait 3 days for trades to settle like normal stocks? Or can I just jump in and out of USD/BTC constantly?

Settlement occurs at the time of order execution..

Also is there an easy way to keep track of trades for taxes? Anything else I should know before trading?

Market orders are dangerous due to "Gox Lag" (delays between when the order is entered and when the order matching engine actually processes the order.)

Withrawals (either BTC or USD) may not be processed immediately.

When you leave funds at an exchange you are trusting that the exchange is competent enough store your funds securely, and that they are trustworthy.  Additionally, username and password is an insufficient protection for an account holding non-reversible funds.  Instead you want to make use of the two-factor authentication (2FA) using Yubikey, Google Authenticator, etc, to protect your funds from being stolen via a replay attack (should your computer become compromised).
1146  Economy / Trading Discussion / Re: Brazil dont has bitcoin on: April 13, 2013, 06:14:42 PM
Is very hard to send money outside from Brazil, because we need to inform the governmant and pay a lot of taxes!


You aren't able to send an international bank wire (USD) to Mt. Gox?    That's the method most everywhere else in the world has to fund their accounts there.   In the U.S. we do have the low-cost Dwolla transfers from our banks but that incurs delays of many, many days.

At the last day, when the bitcoin price it was $60, we would like to pay $100!!!

So would have everyone else.  That price wasn't unavailable to you because you were in Brazil, that price was unavailable because few people already had cash at Mt. Gox and the timing of restoration of service was such that it occurred essentially after anyone could send more funds via bank wire to catch the selloff.

So the only potential buyers were those with cash already at that exchange ... a tiny subset of all those wanting to buy and hold bitcoins.


The easy way to send bitcoin to Brazil is: if you have a bank account from Brazil (hsbc, itau, santander, bradesco, caixa, bb) you can trade with brazilian and gain 15% at bitcoin price.[/quite]

If the exchanges won't be allowed to co-exist with the banks then in-person trading, person-to-person, for cash, will probably be the path to pursue.  LocalBitcoins is one such tool to help with that.

To get a supply of coins within the borders encourage businesses who export to accept bitcoins as then there will be bitcoins available for purchase domestically.    Additionally, those businesses in the travel industry are great candidates to accept bitcoins.     Since bitcoin isn't a company, there ins't someone who is going to come in and give the hard sell to these merchants.   It will need people like you promoting the idea to make it happen.
1147  Economy / Service Discussion / Re: Getting USD from MtGox to BTC24 on: April 13, 2013, 08:41:21 AM
I would like to know how to get usd that i have in my MtGox to btc24?

Mt. Gox has ended its redeemable codes.  The only withdraw methods are those listed on their site (e.g., bank transfer and OKPay).  

Bitcoin-24 is currently down, so I'm not sure how you would do that anyway though (other than to buy bitcoins at Mt. Gox then sell bitcoins at Bitcoin-24).
1148  Economy / Service Discussion / Re: Bitfinex stopped working? on: April 13, 2013, 08:34:41 AM
I can't buy or sell anything right now.

Looks like trading is happening:
 - https://www.bitfinex.com/pages/public_log
1149  Bitcoin / Press / Re: 2013-04-12 Bitcoins are unconstitutional on: April 13, 2013, 08:28:57 AM
This is THE MOST AMAZING bashing ever  Grin


From the description:
"bitcoins dropped 270% to a low of just over $54"

How does something drop more than 100%?
1150  Bitcoin / Development & Technical Discussion / Re: Blockchain Wallet Crapping Out?!?! --Check your online wallets! on: April 13, 2013, 08:20:13 AM
I was logged into my blockchain wallet, saw that coinworker had just paid me, and went to refresh the balance. Guess what?

It wont load, I cant log in, the mobile app wont take my password. Is anyone else getting this? If I lose this too it will the last of my coins gone.

If you have the .aes backup of the Blockchain.info/wallet (e.g., sent to your e-mail) you can try to decrypt it with this:
 - https://gist.github.com/anfedorov/2757171
1151  Bitcoin / Project Development / Re: New Bitcoin Exchange Co-founders Needed on: April 13, 2013, 07:54:43 AM
I'm looking for other entrepreneurial people with skills in coding, web design, finance, advertising and public relations to share in this project.

Requisite reading:

So you think you're going to start a Bitcoin business, right?
 - http://bitcointalk.org/index.php?topic=124441.0
1152  Bitcoin / Technical Support / Re: Public Key + Half Private Key... on: April 13, 2013, 07:41:37 AM
I am just wondering if this is possible to do on the ECDSA generated key pairs for bitcoin. It would be a new interesting way to store paper wallets, that would require you to bruteforce the last half of your own key

From another thread:

You don't want to cut the key in half.  There are lots of complicated ways to share secrets (some even involving redundancy i.e 3 of 5 key fragments needed to rebuild key) but the simplest way is an XOR.

http://en.wikipedia.org/wiki/Secret_sharing

or:

pybtcsplit - m-of-n Private Key Splitting made easy in one simple python utility
 - http://bitcointalk.org/index.php?topic=104086.0
1153  Economy / Economics / Re: I think exchanges have a vested interest and are defaming Paypal / direct deals on: April 13, 2013, 07:32:30 AM
so they call PayPal a scam

PayPal is a scam.  Well, maybe not a scam but what they do is scammy.  They have a user agreement that specifically prohibits the use of PayPal for payment for various types of transactions and digital currency is one of those types.

They are a private company and are perfectly entitled to have those restrictions.

What is scammy is to freeze your account and all funds within it (for 180 days) if they determine you've been trading for bitcoins.  

Ironically, this was the cause of one of the first "flash crashes" to hit bitcoin.  In October 2010, Mt. Gox was accepting deposits from PayPal.  Then Owner Jed's personal PayPal account was frozen, which resulted in the suspension of that funding method and a subsequent crash of the exchange rate.   Then another bitcoin seller, CoinCard, with permission from PayPal and a very customized and carefully monitored risk algorithm was operating until PayPal froze that party's PayPal account.



 - http://www.bitcoinmoney.com/post/5086167006

You'ld think with a 0% batting average, people would learn.  But no, it has happened over and over.   Some approaches tried by selling one and two dollars worth at a time.  Bzzzzt.  Thank you for playing, but no -- that was not the right answer either.  

Not only that, those who bought bitcoins would find funds in their account frozen as well.

So basically, those who are able to get away with it are those who fly under the radar ... individuals doing a personal trade here and there.

Every other seller has had PayPal come down and come down hard.

Every.   Single.    Seller.



Now VirWoX has a different approach.  They sell Second Life Lindens (SLLs) for PayPal, and then let you trade those SLLs for BTCs.    That works fine.
1154  Bitcoin / Press / Re: 2013-04-12 Roger Ver Rocks on FoxBusiness!! on: April 13, 2013, 06:47:09 AM
From the professor ... "Too shadowy, too speculative" ...

There's not much more transparent than an open protocol implemented with open source software.

At some point bitcoin will have enough total dollar valuation (TDV) so that Wall Street will get into it with an ETF.  That will then provide a method for shorting and that will provide resistance on the way up and support on the way down.
1155  Bitcoin / Press / Re: 2013-04-12 krugman.blogs.nytimes.com - Adam Smith Hates Bitcoin on: April 13, 2013, 06:18:22 AM
And because I said so because I'm Paul Krugman and fuck you.

I see this pendulum swing ... bitcoin rallies and gains momentum then a concerted effort at talking it down from the academics and others occurs and bitcoin idles for a while, but then it gains traction again and that becomes undeniable where it starts to rally again and the cycle repeats.  But each time bitcoin ends with higher highs and higher lows.     

The exposure these people bring to bitcoin is invaluable.

I wish Krugman would pen a post on bitcoin each and every day!
1156  Bitcoin / Meetups / Re: SoCAL BITCOINERS Poll: Where to meet??? on: April 13, 2013, 04:45:06 AM
Incidentally, the Orange County Register today had a full page in the Business section for Bitcoin:

NO date, man?

I just read it.  It was today's paper (April 12th, 2013).

It included the one-paragraph masthead teaser on the front page of the business section.  Then the entire page 8 was devoted to Bitcoin.  (Incidentally, page 9 was a large article about the dangers of mobile payments and had a picture of a merchant's Square register setup.)

There were a few articles on the page.  One was an interview of Casascius.  The top of the page had a "What is a bitcoin" infographic.  Another article titled "Bitcoin Economics" was a primer on teh evil deflations and why Bitcoin will never work (I'm paraphrasing roughly what the article said).   The main article was this:  

Bitcoin bursts: Hacker currency gets wild ride
 - http://news.yahoo.com/bitcoin-bursts-hacker-currency-gets-wild-ride-174931830--finance.html
1157  Bitcoin / Press / Re: 2013-04-11 CNBC adds a Bitcoin ticker on: April 13, 2013, 04:38:29 AM
They were even kind enough to add a smilie face for us!

Code:
(MTGOXUSD :)

Well, that's the format for the exchange.  e.g.,   (AAPL :NASDAQ).    But MTGOXUSD has no exchange so it is blank  (MTGOXUSD Smiley

1158  Bitcoin / Press / Re: Bitcoin in the AP - Orange County (CA) Register on: April 13, 2013, 04:30:29 AM
NO date, man?

I just read it.  It was today's paper (April 12th, 2013).

It included the one-paragraph masthead teaser on the front page of the business section.  Then the entire page 8 was devoted to Bitcoin.  (Incidentally, page 9 was a large article about the dangers of mobile payments and had a picture of a merchant's Square register setup.)

There were a few articles on the page.  One was an interview of Casascius.  The top of the page had a "What is a bitcoin" infographic.  Another article titled "Bitcoin Economics" was a primer on teh evil deflations and why Bitcoin will never work (I'm paraphrasing roughly what the article said).   The main article was this:  

Bitcoin bursts: Hacker currency gets wild ride
 - http://news.yahoo.com/bitcoin-bursts-hacker-currency-gets-wild-ride-174931830--finance.html
1159  Economy / Service Discussion / Re: bitbargain.co.uk - Excessive prices on: April 12, 2013, 11:49:11 PM
I think bitbargain.co.uk deserve a mention. They don't appear to be scammers as such but they do have a market setup with a very limited pool of sellers who are charging 10% to 25% over mtgox prices for BTC. Apparently they hand pick the sellers seemingly to keep the number down to themselves and their friends. This allows the sellers to make excessive profits by simply buying coins on GOX and reselling on bitbargain.

Sounds like a huge opportunity exists for a competitor.

Which is probably what is motivating Max Keiser to begin offering one.

Also, BitcoinFridge has re-opened:
 - http://bitcoinfridge.co.uk
1160  Economy / Service Announcements / Re: MtGox generation of USD redeemable codes will stop at 10 Apr 2013 on: April 12, 2013, 09:32:34 PM
I just received an email too:

Whoah ... that's different.  Not just MTG USD and MTG CAD but all "non-BTC" codes it says.

And I looked just now and there's not even a method to withdraw a BTC code, at least as far as I can tell.
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