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2281  Economy / Service Discussion / Re: Am I being impatient with MTGox? on: January 21, 2013, 02:59:54 PM
Am I being impatient with MTGox or not?

Maybe try to PM Natalie.  She seems to able to come through where others don't (can't?):

I have updated your ticket and sent you a message regarding the status of your account.
2282  Economy / Trading Discussion / Re: So how on earth am I supposed to get bitcoins in the UK? on: January 21, 2013, 02:23:50 PM
dunno if im just dumb, but I can see no UK options on Bitinstant Huh

They were beta testing a new online bank method, but then removed it.  I'm not sure if they just had to remove it to rework something or if they no longer are planning on offering it.
2283  Economy / Currency exchange / Re: paysafe card to btc on: January 21, 2013, 02:13:37 PM
hi im looking for someone on here who is known and and reliable and who exchanges paysafe cards to bitcoins?

It isn't cheap, but you can trade PaySafeCard through VirWoX.  I don't remember if Mercabit.eu does that as well yet or if they suspended that method.

2284  Local / India / Re: Buying & Selling Bitcoins and Liberty Reserve USD for Indian Rupees INR on: January 21, 2013, 02:04:19 PM
What i can do with gift certificate?

You can send it to me [as I'm paying for it].

So yes, I am looking for your price for you to pay 3,000 INR to Milap to purchase a 3,000 INR gift certificate.  

So I pay BTC some amount of BTCs to you.
You pay for a 3,000 INR gift certificate (your cost is 3,000 INR)
You receive a gift certificate e-code
You deliver that e-code to me (encrypted with my GPG public key, preferably)
I make the microloan under my account funded with the funds from the gift certificate.

So I need to know what amount, in BTCs, you are asking to make the 3,000 INR payment.  It can be credit card or Netbanking.

[Update: Through a different offer posted elsewhere I've completed two of these INR-denominated Milaap gift card purchases now.  Worked fantastically!]
2285  Economy / Goods / Re: What do you want to buy from Brazil? on: January 21, 2013, 01:52:42 PM
Sorry but nothing of this i can send Lol!

Well, maybe you simply send information.   A lot of bitcoiners in North America, Europe, and elsewhere are freezing their nards in the middle of winter. 

Maybe there is a vacation travel outfit in your area which would be interest to someone, where BTCs are sent to you and you pay BRLs to the travel operator (or you pay the reservation deposit and then simply convert the BTCs to BRL on the traveler's arrival).
2286  Bitcoin / Bitcoin Discussion / Re: Which services automatically convert on reciept of funds? on: January 21, 2013, 01:35:27 PM
- walletbit
 Bitcoin to Danish, SEPA or International. EUR, DKK, USD, CAD
- bitpay
 Bitcoin to ?

With Mt. Gox you can get conversion on arrival of USDs to BTCs, or from BTCs to USDs because that exchange allows order sizes that exceed available funds.  So when the funds arrive, they are automatically traded against the open, unfilled or partially filled order that is outstanding.

Also, their merchant services tool has an "autosell" flag so that the funds are automatically converted to fiat, without having to mess with leaving an outstanding order.
2287  Other / Beginners & Help / Re: Arbitrage on 3 exchanges? on: January 21, 2013, 01:18:38 PM
Does anyone do it between exchange and across currency?

With the help of forex services like CurrencyFair and TransferWise, an individual might find success performing arbitrage against multiple currencies.  For instance, after converting USDs to EUR, you might then be able to buy BTCs on a BTC/EUR market with those EUR at a less cost than what it would have cost using those funds before converting to EUR.

One problem with that is that some exchanges (e.g., Mt. Gox) require that the account the funds come from must be the exchange account owner's own account.  When doing the EUR transfer from CurrencyFair, the sending bank account is CurrencyFair, not the individual trader's account.  Not all exchanges have this restriction.

There's some decent info on arbitrage opportunities here:
 - http://bitcoin-analytics.com  <--- Delayed, unless purchase the premium subscription.

2288  Other / Beginners & Help / Re: Blockchain gets stuck downloading no matter what on: January 21, 2013, 12:56:24 PM
I don't know what is wrong. It's driving me crazy.

Are you using the latest release of the client, v0.7.2?
2289  Local / India / Re: Buying & Selling Bitcoins and Liberty Reserve USD for Indian Rupees INR on: January 21, 2013, 11:42:50 AM
Anyone have bitcoins to sell for cash, post or send pm with the price you want to give bitcoins to me.

I would like to make a microloan through Milap.

I can fund the loan using a gift certificate.  

The gift certificate can be purchased by you with INR either through Indian credit card or through Netbanking:
 - http://fundraiser.milaap.org/fundraisers/76#  <-- Click Contribute, then enter your name, e-mail, city and country.  
Then choose Currency INR and enter 3,000 Rs. enter "Water" for Cause.

Please PM your quote of how many BTC in exchange for your 3,000 INR that would then be paid to Milap.

2290  Economy / Service Discussion / Re: SatoshiDICE 50% sent neither a positive or negative response on: January 21, 2013, 11:13:00 AM
Happens. Just wait.

The funds for this specific wager included as input a transaction that itself had not confirmed.  SatoshiDICE puts itself at risk of a double spend attack by revealing win/loss when a wager includes either spammy transactions or unconfirmed transactions.  So once the wager transaction got a confirmation then that is when SatoshiDICE processed the wager and the payout followed immediately and was confirmed in the following block.
 - http://satoshidice.com/full.php?tx=8d53dc3b2d470c9458bde6b87345b938c1d2ad6e1a2da1a172e66c3f3ccf4dbb

So to avoid this from happening in the future, use a client like Bitcoin-Qt that won't let you spend unconfirmed funds.  If you insist on using Blockchain.info/wallet for this, then there remains the risk of this type of scenario happening.  There's nothing that will speed it up, so just be patient.
2291  Other / Beginners & Help / Re: Can Virwex.com be trusted?Anyone order there before? on: January 21, 2013, 10:58:49 AM
No. It's a scam.

Confirmed:

Update, latest incarnation:
  VirWex.com

The e-mail address for that PayPal account:  ecashinc@msn.com

Previous scams (in chronological order) likely by the same scammer:

 - EasZPay.com
 - MtGax.com
 - MtGix.com
 - i4Dollars.com
 - BTKoin.com
 - BitcoinTalks.com


Please report this scammer as badware:

 - http://www.google.com/safebrowsing/report_badware/?url=http://virwex.com
2292  Economy / Trading Discussion / Re: buying / trade / sell question on: January 21, 2013, 10:54:22 AM
I have an account at coinbase,

If you simply need to lock in the price today, purchasing through Coinbase lets you do that.  The coins are delivered when the ACH transaction completes after a few business days.

Dwolla works well if you already have funds sitting at Dwolla.  If you need to draw funds from your bank account, that process will take a few days.

Cash can be deposited at Chase bank and the funds applied to your BitMe.com exchange account.  The only problem is there isn't always sufficient liquidity.  At this particular moment there is an ask order at about the same level as at Mt. Gox.
 - http://www.BitMe.com
2293  Other / Off-topic / Re: Sorry, y'all: Game Over. I'm about to buy all the bitcoin. on: January 21, 2013, 10:44:31 AM
Update, latest incarnation:
  VirWex.com

The e-mail address for that PayPal account:  ecashinc@msn.com

Previous scams (in chronological order) likely by the same scammer:

 - EasZPay.com   [Fixed, thanks Gladamas]
 - MtGax.com
 - MtGix.com
 - i4Dollars.com
 - BTKoin.com
 - BitcoinTalks.com


Please report this scammer as badware:

 - http://www.google.com/safebrowsing/report_badware/?url=http://virwex.com
2294  Other / Beginners & Help / Re: Instawallet Problems - Was told Jav could help on: January 21, 2013, 02:31:36 AM
I had heard that Jav can assist people who experienced errors in the site retrieve their coins, provided they're legitimate.

If you weren't aware, nearly a year ago Paymium acquired or took over Instawallet from Jav.

I am happy that Instawallet has found a new home and that I can entrust it into the hands of such a capable team.
2295  Other / Beginners & Help / Re: Same question asked several times in a month - is this unusual? on: January 21, 2013, 02:23:48 AM
Someone with the knowledge (and desire) to compute the probability could say how often that occurs.  It isn't that rare, ...  maybe occurring once a week (wild-assed guess).
Maybe someone could have already said... (or someone could search before starting a thread.):

LOL, sorry   Nice update to the title.   Smiley

Fantastic info, thanks!
2296  Economy / Gambling / Re: LibertyBets.com || New project of a Bitcoin Game on: January 21, 2013, 02:17:58 AM
2. Seriously? Yet another dice game?  btcdice/royalbitcoins/nakabot/I lost count. Please do something original.

Well, to  be fair, with this one to win you must roll a 1.  No other number rolled will win.

And by original, I mean something like [...]

Oh, more than just changing the method that the "random" number determines the outcome of the game...   yup, people aren't saying Dice games are great, they just like the low house advantage and instant payout.  There are so many possibilities that would be more entertaining and still result in the appropriate dopamine releases that come from winning.
2297  Economy / Economics / Re: What is bitcoin backed by? My favorite answers on: January 21, 2013, 12:07:15 AM
Aristotle's prerequisites:

Even back in Aristotle's time theft and confiscation of assets were risks anyone holding money was exposed to.  The more durable and portable the money the easier it is to hide (from all manner of thieves, including the tax collectors).

Bitcoin excels not just as a form of money whose value, once acquired, can be kept hidden well, but it also excels because it can be used during the process of creating wealth as well.  The blockchain doesn't reveal how much in revenues a particular merchant sees.

Anonymity is a property that nearly all money in Aristotle's time had but with today's ubiquitous electronic transaction (and reporting to the state), Bitcoin's user-definable anonymity is something that is relatively unique to Bitcoin.
2298  Bitcoin / Bitcoin Discussion / Re: Should the exchanges close on the weekends? on: January 20, 2013, 11:07:31 PM
Quote
An efficient capital market is a market that reflects all available news and information. An efficient market is also quick to absorb new information and adjust stock prices relative to that information. This is known as an informationally efficient market. Generally, efficient markets are expected to reflect all available information. If that is not the case, investors with the information may benefit leading to abnormal returns.

 - http://www.investopedia.com/exam-guide/cfa-level-1/securities-markets/emh-efficient-market-hypothesis.asp
 - http://en.wikipedia.org/wiki/Efficient-market_hypothesis

There aren't many (or any ?) methods for a retail investor to do forex trading over the weekend.   There was one, OANDA, but they claimed the low volume was too challenging for them where they would be taking on too much risk having to take the other side of the trades:
 - http://www.forexcrunch.com/oanda-closes-weekend-trading

Of course, there is a lot of forex trading over the weekend -- just not by you or I.  Central banks, corporate and institutional (government) bankers, multinational corporations and more are all trading 24x7.

So the market is efficient for them.  The rest of us stuck with a losing forex position thanks to news that occurs over the weekend are stuck with that increasingly deteriorating position until the markets open on Monday (or Tuesday, when Monday is a banking holiday like what happened this 3-day weekend.)  

That's not the definition of an efficient market.  Market-changing information occurs over the weekend as well (with announcements oftentimes timed specifically for release over the weekend.)  Bitcoin markets don't have this restriction.    That still doesn't mean bitcoin exchanges can be considered "efficient" though.  For instance, there was a pattern called the "weekend dip" in which buyers interested in buying had insufficient cash at the ready at the exchanges in order to buy and as a result there was little buying to counter a weekend selloff until new cash arrived at the exchanges when funds sent through the banking system were credited.   Lately, however, the weekend dip opportunity seems to have abated.

At some point a financial company will start using Bitcoin as the method for moving value in and out of other assets, including offering the ability for that to continue throughout the weekend as the way to differentiate that investment offering from the competition.
2299  Other / Beginners & Help / Re: 1 hour delay in the blockchain - is this unusual? on: January 19, 2013, 10:56:10 AM
Let's see if someone with knowledge of the source code has a better answer.

Someone with the knowledge (and desire) to compute the probability could say how often that occurs.  It isn't that rare, ...  maybe occurring once a week (wild-assed guess).
2300  Other / Beginners & Help / Re: Instawallet down ?!?! on: January 19, 2013, 10:51:39 AM
I cant go to website, anyone else?

If there was a problem, it doesn't persist.

Quote
It's just you. http://instawallet.org is up.


 - http://www.downforeveryoneorjustme.com/instawallet.org
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