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121  Economy / Economics / Re: How much do you value your credit score? on: July 29, 2014, 08:40:18 PM
What about you? Do you value your credit scores?

Sorry for the necro thread post but I thought this was relevant.

Americans In Debt: 35 Percent Have Unpaid Bills Reported To Collection Agencies
 - http://huffingtonpost.com/2014/07/29/americans-in-debt_n_5629137.html

Poverty Is Profitable: 1 out of 3 US Consumers in Debt Collection
 - http://huffingtonpost.com/peter-van-buren/poverty-is-profitable-1-debt_b_5630444.html

Oftentimes the debtor gets reported, but then the next time they go to the bank to get a car loan or something like they they are told they need to pay off the debt owed before the bank could even consider lending to them.   So this "leverage" that the lenders have seems to do a decent job of recovering a fair amount of previously bad-debt.  When even that doesn't get the debtor to pay up, once in collections there are often threats of it going to court to get a judgement (which can result in "enforced judgement" that includes garnished wages, attachment of assets, liens on property and bank levys).

Does Bitcoin provide a relief from this for many?   A freelancer receiving Bitcoin income probably isn't worried about garnishment of wages or a bank levy even.

Also, a borrower with bad credit in the fiat world might still find lenders on BTCjam or BitLendingClub.  It's like a second identity since the fiat world uses one trust system and the peer-to-peer economy uses another.

Thoughts?
122  Bitcoin / Bitcoin Discussion / Re: Does anyone remember when Bitcoin was hard forked? on: July 29, 2014, 02:06:54 AM
fill me in on the details?

The March 11, 2013 hardfork.

 - http://bitcoin.org/chainfork.html
 - http://bitcoinmoney.com/post/47048259653
 - http://endthelie.com/2013/03/13/financial-crisis-revealed-and-resolved-in-the-world-of-bitcoin
123  Bitcoin / Bitcoin Discussion / Re: List of all Bitcoin conferences around the world on: July 13, 2014, 04:02:34 PM
Pretty comprehensive list here:

 - http://banksworstfear.com/?post_type=tribe_events
124  Economy / Service Announcements / Re: PLAYTIN Wallet - anonymous - mixing - no fees on: July 13, 2014, 03:58:50 PM
If you guys have any questions or need any other functionality, let us know Wink

Is there only one deposit address per account?
125  Bitcoin / Bitcoin Discussion / Re: Grooveshark.com and their response to bitcoins on: July 12, 2014, 12:10:58 AM
Lets demand bitcoin

Sorry for necro thread, but the OP's objective has been achieved ... finally!

Grooveshark now accepts bitcoin!
 - http://reddit.com/r/Bitcoin/comments/2afy7n/
126  Alternate cryptocurrencies / Altcoin Discussion / Re: Brock Pierce launches "Realcoin" a dollar-backed coin that competes with Bitcoin on: July 10, 2014, 08:38:27 PM
I don' know enough about Mastercoin to how how this will work.  Does the "issuer" (e.g., Realcoin, Inc/Ltd/???) have the ability to censor transactions, and/or reverse transactions?

I read the mastercoin whitepaper a while back.  I don't think so.

It will be interesting to see if they are successful at getting licensed as a money transmitter in the states where that's required.
127  Alternate cryptocurrencies / Announcements (Altcoins) / Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread on: July 09, 2014, 02:39:40 PM
I can't wait to see what happens when you pair a digital currency with the looming failure that is the US Dollar.

I don't know enough about Mastercoin to know how this will work.  Does the "issuer" (e.g., Realcoin, Inc/Ltd/???) have the ability to censor transactions, and/or reverse transactions?
128  Bitcoin / Press / Re: [2014-07-09] Have Brock Pierce and Realcoin copied Coinaaa? on: July 09, 2014, 02:28:33 PM
Is this really press of an alt ANN?

Yes.  About the only reason this would be even remotely related to Bitcoin to justify its inclusion here is that Brock Pierce is a Bitcoin Foundation board member.

Further discussion for this announcement probably should go here:

Brock Pierce launches "Realcoin" a dollar-backed coin that competes with Bitcoin
 - http://bitcointalk.org/index.php?topic=683521.0
129  Alternate cryptocurrencies / Altcoin Discussion / Re: Brock Pierce launches "Realcoin" a dollar-backed coin that competes with Bitcoin on: July 09, 2014, 02:23:48 PM
Grin crypto-currency backed by FIAT ...

I'ld think of it as being something of a current account -- the same thing that customer deposits are referred to by banks, PayPal, Dwolla, etc. etc.

If this were a decentralized cryptocurrency (e.g., using proof-of-work), I don't know how they'll be able to get a money transmitter's license as they are said to be planning.  But this is on Mastercoin.

I don' know enough about Mastercoin to how how this will work.  Does the "issuer" (e.g., Realcoin, Inc/Ltd/???) have the ability to censor transactions, and/or reverse transactions?
130  Bitcoin / Project Development / Re: [BitPool] Mesh networks to bypass ISPs on: July 01, 2014, 01:23:07 AM
I'd like to share here some interesting links that I am sure most of you are already acquainted, but it seems to be important as reference:

Also, the Free Network Foundation (FNF) should be something to follow:

 - https://lists.thefnf.org/listinfo/discuss
 - http://lists.thefnf.org/pipermail/builders
 - https://lists.thefnf.org/listinfo
 - https://thefnf.org

And maybe SkyWire:
 - http://bitcointalk.org/index.php?topic=380441.msg7588531#msg7588531
131  Bitcoin / Bitcoin Discussion / Re: Does anyone keep money in their checking accounts anymore? on: July 01, 2014, 12:46:29 AM
Bitcoin is allowing "just-in-time" cash management of a bank account.

This lets the person who gets bitcoin income to use a bank account only when needed (e.g., mortgage or rent payment, etc.)    A transfer from Coinbase takes two to three business days, so if you pay monthly, for instance, you can wait right up until the end of the month to sell your coins and have the cash arrive at about the same time the payment is due.

One might think this is risky because there could be issues -- such as Coinbase canceling the order as "high risk" (which has happened to many, reportedly) but then there is also the same-day backup plan, using http://Bitcoin-brokers.org (or similar) to get a trade where cash is deposited into your bank account.

So while a person still might keep a bank account, Bitcoin enables one to manage a lower bank account balance.
132  Bitcoin / Project Development / Re: BitID Mediawiki Plugin on: June 25, 2014, 11:43:33 PM
module implementing bitid

Info on BitID:

 - http://bit.ly/bitid-slides
 - Example: http://bitid.bitcoin.blue
 - Video: http://www.youtube.com/watch?v=3eepEWTnRTc
 - http://github.com/bitid/bitid
133  Economy / Trading Discussion / Re: Tips for local transactions on: June 23, 2014, 06:54:37 PM
Physical security when trading in-person needs to remain the first priority.

I just read an interesting statistic:

Quote
44% of M-Pesa agents report personally knowing someone who has experienced robbery or theft and the qualitative research revealed that some agents are hiring security guards which is increasing costs.

 - http://www.helix-institute.com/data-and-insights/agent-network-accelerator-survey-kenya-country-report-2013
 - http://helix-institute.com/sites/default/files/Publications/Agent%20Network%20Accelerator_Kenya%20Country%20Report_2013.pdf
 - http://bit.ly/1iqtp2R (using browser-friendly PDF viewer)

There is a significant difference between a Bitcoin trader and an M-Pesa agent as far as physical safety is concerned.  The M-Pesa agent needs a significant inventory of cash because there's no way to know how much cash will be needed to support the day's needs.   A person trading Bitcoin knows in advance of doing each trade the amount.   Therefore, the trader being asked to do a larger trade can adjust to give a heightened level of security for trades when prudent (e.g., for larger trades, or with those counterparties who
show few or no prior trades.)

There's certainly good reason banks, check cashers, and even convenience store clerks protect themselves behind bullet-resistant glass, steel cages, etc.  Those trading Bitcoin should be acutely aware of the risks businesses that deal with cash are subjected to.
134  Bitcoin / Bitcoin Discussion / Re: MINERS UNITE! Block the FBI coins. Do not fund violent underground organizations on: June 16, 2014, 04:55:53 AM
The Bitcoin protocol remains unchanged

Not true.  This change to the client that blacklists those coins does not follow the Bitcoin protocol.  It rejects blocks that are valid using the client prior to the change, therefore this client is imposing a change to the protocol that is not backward-compatible.  (It is still forward-compatible though, meaning clients that don't implement the blacklist will still validate and accept blocks solved by this "blacklisting client").

Miners will be taking a risk by adopting a client that uses the blacklist.  They risk that there truly won't be enough miners using the blacklist.   If this happens, there will be a blockchain fork and those miners using the blacklist will be working on blocks that may not ever become part of the longest chain.   Miners are not gamblers -- they will not switch to a client that is not backward-compatible without first being really confident there is almost no chance the changes will cause a blockchain fork.

Even if there were something like 80% of the miners onboard, however, that doesn't guarantee success.

See, the buyer of these disputed coins has an economic incentive for them to be fungible.   So all this party would need to do is to spend some of the coins and include significant fees on those transactions such that miners are leaving a significant amount of money on the table by implementing the blacklist.   So if the block reward paid to miners is 25 XBT, then maybe adding a transaction fee of just a few bitcoin would be enough to sway over some miners such that the longest chain continues to extend off a block which includes the blacklisted coins.  That action requires no change to the protocol and no change to the client.  And once these transactions start to circulate, a blacklist on taint starts to harm others who are innocent and thus there's more "backing" available to ensure that the blacklist fails.
135  Bitcoin / Pools / Re: GHash.IO has 51% of the network now on: June 13, 2014, 01:46:31 PM
So, ghash.io acts as a benevolent dictator -- one who knows the penalty for abusing that privilege is instant decapitation.
136  Other / Beginners & Help / Re: Buy Bitcoin with sms/phone - Need help/advice on: June 10, 2014, 12:37:59 AM
Is there a way to buy bitcoins using mobile phone credit?

The problem will likely be that mobile phone airtime/credit is usually reversible at some level.  For instance, an M-PESA transaction might be reversed under certain situations such as claiming a phone was stolen and the funds sent without authorization.

So where you see this first done, it is usually by individuals selling who will find trades using something like LocalBitcoins or MyCelium app's local trader feature.

It will therefore be spotty for some time -- a trader might be found for one mobile airtime/credit network but not the next.   Which mobile airtime/credit network were you looking to do this with?
137  Economy / Goods / Re: NEFT Vodka and Bitcoin on: June 09, 2014, 11:06:15 PM
Reddit thread with comprehensive info on availability:


NEFT Vodka "Limited Edition" Bitcoin Bottle Available in NY, NJ, NV, and CA
 - http://www.reddit.com/r/Bitcoin/comments/25n6fd
138  Economy / Currency exchange / Re: Mang Sweeney's: send money to the Philippines through bitcoin on: June 09, 2014, 10:09:15 PM
From a Reddit post on Bitcoin in the Philippines:

- http://www.bitmarket.ph
- http://www.coinxchange.ph
- http://www.buybitcoin.ph
- http://www.coins.ph

Five weeks since we launched our first venture here in the Philippines called Bitmarket.ph
 - http://www.reddit.com/r/Bitcoin/comments/27ougl

139  Other / Beginners & Help / Re: Easiest way to buy bitcoins with credit card. on: June 09, 2014, 09:59:46 PM
http://TruCoin.com -- buy with credit or debit card.

Currently in beta, but those on the list are getting invites.

As far as some background on TruCoin -- at one point in time (before there was a Bitcoin Foundation), TruCoin paid a salary to Gavin to continue as lead core dev and they also hired someone to do QA on the Bitcoin client.
140  Economy / Trading Discussion / Re: Tips for local transactions on: June 06, 2014, 10:59:52 AM
Physical security when trading in-person needs to remain the first priority.

Here's a report on Reddit of an attempted robbery during what was supposed to be a trade:

Be careful-Attempting mugging at in person trade
 - http://bitcointalk.org/index.php?topic=641160.0

Attempted to steal my bitcoins [and phone] in local trade
 - http://reddit.com/r/Bitcoin/comments/27gke8
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