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281  Economy / Economics / Re: Hedge against BitCoin collapse on: November 15, 2013, 01:28:05 PM
I own no LTC or PPC.

Just for posterity, I believe that at one time you had offered to borrow LTC so that you could sell it to have a short position.  I don't know if you had completed that transaction but disclosing that you have no position now might not be an objective way of describing your position.

For the record, I too own no LTC or PPC, but at some point in the future would possibly consider LTC.  My criteria for a proof-of-work based crypt coin is simply is whether or not sufficient hashing capacity exists.  If (when) a Scrypt ASIC gives the litecoin network's total hashrate a boost such that a 51% there too becomes uneconomical then I might be willing to acquire some LTC.

My biggest fear is selfish mining or some other hack on the system.governments.   

I would say that going short on futures contracts would be one such hedging opportunity that would pay off on a Bitcoin collapse.  The problem with the futures contracts on ICBit, however, is counterparty risk such that your profitable position can be closed prior to settlement date without you seeing the full gains that you would were you able to hold to the settlement date.
282  Economy / Service Discussion / Re: Has anybody tried Square Cash? on: November 13, 2013, 12:59:09 AM
Try it, totally free, no signup:

Free of charge to use.   But nothing is free.   To use this you need to have location enabled, for one -- so you know that data is being recorded, archived and likely shared with marketers.

Also, as many Square merchants learned, if there are disputes your deposits get delayed or reversed.  Here's an example:

So let's see how long before there is a chorus of people who were expecting a deposit that never happens.  It's a new service and is for "cash" (versus credit card) though ... so maybe they'll have fewer issues.
283  Economy / Service Discussion / Re: accepting BTC in other countries on: November 12, 2013, 07:51:45 PM
Now they seem to have recently enabled BTC in other countries including UK ( and France (

Quote is the name under which the company is internationally known. However, we are active in 10 countries and the names of websites change from one country to another: – (United Kingdom), (Netherlands), (Belgium), (Germany), (Austria), (Switzerland), (Denmark), (Luxembourg), Hä (Sweden) and (France). In total, our websites already include more than 20.000 member restaurants.

 - (United Kingdom)
 - (Netherlands)
 - (Belgium)
 - (Germany)
 - (Austria)
 - (Switzerland)
 - (Denmark)
 - (Luxembourg)
 - http://Hä (Sweden)
 - (France)

Other takeout / delivery services that take Bitcoin:

 - (U.S.)
 - (U.S.)

 - (Papa Johns gift certificates)

There are individual restaurants who take Bitcoin but do takeout and/or delivery as well, but those are not part of a service like the ones above.
284  Economy / Service Announcements / Re: [ANN] Safe JavaScript Bitcoin address/private key on: November 12, 2013, 03:16:28 PM
Is there a walk through available on importing it into the wallet?

Bitcoin-Qt doesn't support BIP-0038 so you'ld need to convert the decrypt the BIP-0038 encrypted private key and then import that [edit: into your client, such as Bitcoin-Qt].  To decrypt the BIP-0038 encrypted private key click on the Wallet Details tab of and enter or paste the BIP-0038 encrypted private key.  It will then prompt you for the BIP-0038 passphrase, and if it was correct the page will show the Bitcoin address and the private key (both the WIF, as well as WIF Compressed).
285  Bitcoin / Bitcoin Technical Support / Re: Importing KNOWN private keys into a wallet on: November 12, 2013, 12:32:52 AM
Imported keys will never be used as change, unless you specify it.

Depends on the client. will pick one in your wallet for you.  I don't know how the other clients work.
286  Bitcoin / Bitcoin Technical Support / Re: Importing KNOWN private keys into a wallet on: November 11, 2013, 09:31:14 PM
Is there any disadvantage to importing a known private key, or easily crackable private key, into a wallet with other personal addresses that aren't meant to be public.

With Bitcoin-Qt the imported key with a prior transaction will show as used and won't then be used for change in the future.   But not all wallets work that way, and could possibly send change to some other address from the wallet (e.g., chosen at random).

So, it is nearly ALWAYS a bad idea to import a private key into your wallet if you aren't sure that you are the only party with control of that private key.
287  Economy / Service Discussion / Re: Escrow list on: November 11, 2013, 09:21:01 PM
I don't see anything about Coinguard here yet.

288  Bitcoin / Development & Technical Discussion / Re: Cancelling unconfirmed transactions on: November 11, 2013, 09:03:05 PM
Yes a Rebroadcast feature should b e added.

289  Bitcoin / Press / Re: International Man: Making Sense of Bitcoin on: November 11, 2013, 11:56:48 AM

While this was a good article, it is from May, 2013.

Putting the date in the title (i.e., 2013-05-10) is expected for all posts here on this board.
290  Economy / Micro Earnings / Re: How Can I Earn Bitcoins? on: November 11, 2013, 11:17:33 AM
I see a new service, WorkForCrypto, claims to be like a "Fiverr for Bitcoin". 

On that you can list an offer of a good or service you offer and the price:

This would be kind of similar to what the now defunct ForBitcoin used to have.
291  Bitcoin / Bitcoin Discussion / Re: Getting a San Diego Restaurant to Accept Bitcoin on: November 11, 2013, 09:12:25 AM
It took a while, but this is worthy of performing a necrothread revival:

Join us this Thursday for a meet up in San Diego county's first restaurant to accept bitcoin. Come on by for some great Italian and support the cause. November 14, 2013 - 7:30pm

Spirito's Italian Diner
2508 El Camino Real
Carlsbad, CA
292  Economy / Trading Discussion / Re: Tips for local transactions on: November 10, 2013, 08:20:53 PM
Certain times of the day carry a higher risk of being robbed or mugged than others.

"Most of the crimes take place between 6p.m and 3a.m."
"A walk along Nairobi streets confirms that mobile money shops operators are not taking any chances with security. Most of them have fortified their shops with metal bars and heavy glass the way commercial banks do."

Here's a report by someone claiming to have gotten knocked down and robbed while enroute to do a trade:
293  Bitcoin / Bitcoin Discussion / Re: Donation Opportunity - Philippines on: November 10, 2013, 07:02:07 PM
From another thread:

As you may be aware, my country is all over CNN and other news, because we are having the biggest and baddest storm the world has seen in the past 30 years. Category 5. 300 kph gust winds. Roofs flying.

Dabs lives in the Philippines.
294  Bitcoin / Bitcoin Discussion / Re: Allison, can you explain what a bitcoin is? on: November 09, 2013, 11:16:38 PM
Necropost, but interesting followup:

The video above ended up today being the top post on /r/bitcoin:

we have MacroMyopia.
even that "long term" measure of success was underwhelming.  Forget the down payment, if this keeps up those coins will be enough to buy the house, and they don't even need to be "cashed out" to dollars first:

Ha, that was prescient!

Bitcoin: Man Buys Flat With Forgotten Fortune
295  Economy / Marketplace / Re: [LIST] Physical Location that accepts bitcoin on: November 09, 2013, 10:17:31 PM
I went to Hudson Eatery tonight to show some bitcoin support, but no one there had any clue about paying in bitcoin. I'm not sure how it got on the list here, but they do not accept bitcoin or even knows what it is.   Huh

Ya, they were one of the merchants who had accepted Bitcoin at one time ( ) however I believe they suffered losses when the MyBitcoin hosted (shared) E-Wallet disappeared and stopped taking Bitcoin after that.

That's one problem with having multiple directories -- there's duplication and sparse traffic, so even if a merchant gets removed from one directly the entry on another may stay until someone reports it and/or contacts the curator of the list.

I no longer see Hudson Eatery on Coinmap so that directory seems to be one to be both fairly comprehensive and current.
296  Bitcoin / Legal / Re: Acting as 3rd party redeeming coins. on: November 09, 2013, 01:57:23 AM
As a resident of the US, am I asking for trouble?

Since the U.S. federal court has ruled that Bitcoin "can be used as money", this would probably not be much different from if you had a drop box that you had labeled "deposits" and then would credit my account every time I dropped an envelope which has my name one it and paper currency inside.

In both instances, only you have the key to access the funds.

But with that deposit drop box, you can halt the service by removing the drop box.  With the "published public address", you could stop publishing it but you can't stop me from learning of it from elsewhere nor can you stop me from using it as a vector in creating the Bitcoin address I sent funds to.   And that makes this a very interesting topic.
297  Economy / Service Announcements / Re: | Instant Payments, Offchain API, Secure Wallet, 235k+ BTC transferred on: November 09, 2013, 12:48:47 AM
You will most likely get refunded partly - like others. maybe 60%, maybe 40%, maybe even 80%, who knows? Sadly a lot people lost money to this scammers' pocket.

Sounds like preferential treatment.  The way a bankruptcy case would deal with this is to give the same haircut (on a percentage basis) to all the creditors equally.
298  Local / Marketplace (India) / Re: WTB: gift certificate (INR) on: November 08, 2013, 10:44:45 PM
I've completed all the gift cards that I wanted to personally buy myself, so if we've not started discussions on this trade, I'm all done for now.

The process of buying the Milaap gift card is now automated and I could tell it was processed quickly for the buyer since I received the Milaap gift card just minutes after I had sent the bitcoins to the party who was going to buy it.

Incidentally, I've previously lent (and re-lent) several times with Milaap.  These are no-interest loans to those in rural India with specific needs.  I'm not sure what Milaap does but they report 100% repayment.    I can eventually withdraw the funds after repayment, or I can re-lend them -- which is what I plan to do.

But this is one way anyone in the world can park some value from bitcoin (XBTs) into INRs.  Then after repayment some months down the road the funds can be withdrawn (as either as INRs or as USDs).

So if anyone else wants to do the same thing as what I just did, feel free to post your inquiry here.     Or if anyone wishes to offer to provide this exchange (i.e., to buy a card with their INRs), place your offer here (e.g., selling at what rate).   For example "Up to N,000 Rs at the Coinbase BUY price converted to INR as reported here: " ).
299  Bitcoin / Bitcoin Discussion / Re: Bitcoin Investment Trust Launched by Major Crowdfunding Company Secondmarket!! on: November 08, 2013, 10:16:54 PM
I haven't seen this claim posted here yet.

300  Bitcoin / Legal / Re: List of court cases, complaints, regulatory actions, etc. on: November 08, 2013, 05:00:16 PM
Advisory Opinion Request to U.S. Federal Election Committee (FEC)
August 13, 2013
Location: Washington, DC, USA

Abstract: A Political Action Committee solicits the FEC's opinion on varios aspects of Bitcoin being accepted for political campain contributions.


The FEC's response:

The Commission concludes that CAF may accept Bitcoins as in-kind contributions under valuation, reporting, and disbursement procedures, as described below. CAF may not, however, make disbursements using Bitcoins. Instead CAF must sell its Bitcoins and deposit the proceeds in its campaign depositories before using the funds.
Thus, because Bitcoins are neither the currency of any country nor negotiable instruments, Bitcoins are not “money” under Commission regulations. Therefore, a political committee that receives Bitcoin contributions may not treat them as monetary contributions.
Like securities that a political committee may receive into and hold in a brokerage account, Bitcoins may be received into and held in a Bitcoin wallet until the committee liquidates them.
If the committee sells the Bitcoins directly to a purchaser, and therefore knows the identity of that purchaser, the purchase is itself considered to be a contribution.

 - (Using browser-friendly PDF viewer)
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