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301  Economy / Service Discussion / Re: Mt.Gox Account secured with Yubikey but still had 29 BTCs stolen on: September 14, 2013, 10:59:02 PM
I originally had $4,000 in USD but the culprit converted it to BTC and withdrew.

Out of curiosity, what verification level is your account?
302  Bitcoin / Alternative clients / Re: Mycelium Bitcoin Wallet on: September 14, 2013, 07:53:09 PM
I tried it out and the tool says that the Mycelium app is compatible. So far so good.
My problem: I don't have a device where I can test it

Doh!  Here's what I get:

Whoops, it looks like your system may not be supported. Currently the online packager only supports Windows and Mac OS.

I'll be giving it another try in a few days when I have access to a Windows system.
303  Bitcoin / Bitcoin Discussion / Re: How do Chargebacks work? on: September 14, 2013, 05:28:54 AM
the chargeback situation is getting worse and worse for merchants every day.  People are figuring out that you can, in fact, go on a big shopping spree and then charge it all back.  If you consider the incentive structure involved, you can see that it is likely to only get worse

Yup.  Right now the cost of chargeback fraud is being assessed to the unfortunate merchant targeted by the scammer (as the merchant pays a fee that is over and above the return of the funds to the customer).  But the costs of this fraud (PhD's employed by Visa and Mastercard writing scam-detection algorithms are expensive) are also subsidized by all the merchants together too -- currently about 3% for most retail.

But as Bitcoin and other cash payment methods (e.g., Dwolla) take share, the fraudsters will continue using payment cards with the chargeback option -- thus making it so the payment networks need to bump up their rates as a response.   And that forces the remaining merchants to further press their customers to pay with Bitcoin or other cash methods, and so on ... resulting in the payment networks forced out of the market for their most profitable transactions.

304  Bitcoin / Bitcoin Discussion / Re: The Talking History Podcast now takes Bitcoin! on: September 13, 2013, 08:36:44 PM
now takes bitcoin thanks to listener requests.

Yup, they even wrote it on their site:

At the request of some listeners, we've also added the ability to donate Bitcoins!

These "requests" to merchants don't come from some corporate marketing department like a Square or Google Wallet would have to employ.  Instead, these requests come from individuals who are motivated either because of their politics (desire for a nonpolitical currency) or for their own personal financial gain (as investors/speculators hoping further acceptance will cause the exchange rate to rise.)

But its growth will continue rapidly because each party acquiring bitcoins (whether by donation like Talking History podcast, or as income, or for speculation, etc.) in turn becomes the next Bitcoin salesperson.    Until there is saturation, there will be upside in value (exchange rate) with each additional bit of traction Bitcoin gains as a payment method.   With only 4% of those in the U.S. even aware of bitcoin (results of a recent survey at a mall), Bitcoin has so much room to go yet.   This appreciating value is the "startup funding" that pays for this global "salesforce".

It's a phenomena that the world has never experienced before.
305  Bitcoin / Alternative clients / Re: Mycelium Bitcoin Wallet on: September 13, 2013, 07:19:58 PM
Incidentally, I'm still willing to test this when repackaged for Blackberry 10.
306  Bitcoin / Bitcoin Discussion / Re: List of all Bitcoin conferences around the world on: September 13, 2013, 07:29:05 AM
Africa Digital Money
November 19th 20th, 2013
Nairobi, Kenya

Initial list of speakers:
 @KopoKopoInc @ipayafrica @pesapal @3Gdirectpay @KipochiPay & partners @ihub @mlabeastafrica

307  Economy / Marketplace / Re: How Can I Earn Bitcoins? on: September 13, 2013, 07:16:52 AM
Are there any websites like (which awards Devcoins) where you can like take pictures, make videos, write articles, fill out surveys etc for a good amount of Bitcoins?

Not sure it is a "good amount", but it is > 0.

308  Bitcoin / Legal / Re: List of court cases, complaints, regulatory actions, etc. on: September 13, 2013, 06:45:18 AM
I'm hoping for this thread to remain an index, mostly with just a brief summation and then links towards other threads and external sources -- rather than be where discussion for each index entry occurs.   Feel free to reply with a link to a relevant thread where further discussion occurs or to other related content.
309  Bitcoin / Bitcoin Discussion / Re: Stop saying Bitcoin is good for money transfer. It isn't. on: September 13, 2013, 06:29:20 AM
The sad truth is that Bitcoin is a dream for scammers.  No chargebacks is great for the seller, it is absolutely horrible for the buyer.  No recourse sucks.  It's the price we pay for something decentralized with no Government ties.

That doesn't come for free.  You pay a minimum 3% in higher prices for that ability to chargeback.   For every $1,000 in charges you'ld need to do chargebacks of $30 to make that 3% fee justified.    For some types of purchases (e.g., Travel), the fee is an even greater percent.   Tell me the last time you disputed your room charge from a hotel stay?   Chances are never.   So I trust some merchants and don't need that protection.   Other vendors, I wouldn't order from unless I knew I had the ability to do a chargeback if the item never ships.   

So if Bitcoin (and Dwolla or other cash-based competitors) causes credit cards to end up being used less for the Wal-Marts, hotels, etc. (where there are low fraud rates) but still used for the transactions with a higher fraudulent ratio, the credit card companies need to raise their rate above 3% as they lost their most profitable revenues.  Then that higher rate pushes more merchants towards preferring Bitcoin (and Dwolla, etc), and it becomes a self-reinforcing trend.
310  Bitcoin / Legal / Re: List of court cases, complaints, regulatory actions, etc. on: September 12, 2013, 10:55:25 PM
Coinlab, Inc v. Mt. Gox KK et al
May 2, 2013
Location: Washington (U.S. District Court, Western Washington)

Abstract: COMPLAINT against defendant(s) Mt. Gox KK, Tibanne KKC filed by Coinlab, Inc.


 - (Browser-friendly PDF viewer)

According to MtGox, 'by the expiration of the Transition Period on March 22, 2013 CoinLab was not FinCEN registered as a money transmitter and was not licensed by any state to be a money transmitter.' Countercl. ¶ 33. Ergo, Coinlab breached the contract, and MtGox was no longer required to perform its obligations.
A joint status report is due on September 20 to the federal court hearing the case, and some of the unanswered questions should be resolved.

311  Bitcoin / Bitcoin Discussion / Re: Bitcoin is slowly shit. on: September 12, 2013, 09:48:28 PM
I have heard you can add a fee after the fact by using the coin as an input in a fee-paying transaction. This would likely require manual coin manipulation though.

That "child pays for parent" patch was not ever released in the client and I'm not aware of any miners using it.
312  Bitcoin / Bitcoin Discussion / Re: Stop saying Bitcoin is good for money transfer. It isn't. on: September 12, 2013, 09:41:53 PM
But the prophets peddling the idea it will have a huge impact on banking and commerce, how it is so much more efficient for international money transfer, are just downright misleading and actually distract people from fixing the problem.

There is no reason this isn't Bitcoin in the future.  However, today, in most areas your assessment of the current state of Bitcoin's utility for transfer of fiat money is valid.  Where bank wire transactions complete in under a full day and fees are relatively trivial (for large amounts), Bitcoin is no real competition just yet.

But try sending a wire on Saturday.   Try sending a wire to the billions of people who are unbanked.  Try sending a wire to (most anywhere of) the developing world.  That's why there is today hawala (or hundi) in a pretty large chunk of the world yet.

In those areas, bitcoin can be very good for money transfer.   Even there, it isn't (yet).    But it can be.    With the advantages Bitcoin offers, (essentially no fees and fast settlement) there's good reason to believe it will be used for money transfer in the future.   Those using it that way today are not complaining.   Mang Sweeney's customers who regularly send funds to family members in the Philippines aren't jumping ship to a competing service.  Bitcoin works for them.

Now remember, for money transfer outside the banking system (e.g., Western Union), Bitcoin has the advantage where traditional money transfer has the biggest challenge.    A Western Union needs agents on the sender's side as well as at the recipient's side.  That's a very expensive method to send fiat funds internationally.   With Bitcoin there isn't an international fiat transaction. There are instead two domestic transactions.  Those can be cheap.    Buying bitcoins in one country can cost less than 1% (e.g., via Dwolla USD transfer to Camp BX), and selling bitcoins in another country can cost a trivial amount as well.

Since there is a potential for profit in providing bitcoin exchange, this street-level exchange (versus Western Union agent offices) can happen without a large financial company like Western Union offering it.  Individuals can compete against Western Union by providing exchange at the street level.   They will network and larger traders will broker bitcoins, providing a way for the street-level traders to replenish their inventory of cash.  

Everything needed to make this happen is there, it just emerges slowly when there is no marketing effort and/or subsidy to build the "street level" exchange network.  There is enough profit in the money transfer industry though to ensure that a Bitcoin avenue will exist.  Check back in a few years, you will likely be very surprised with Bitcoin's progress in this area.
313  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] : Deposit. Earn Interest. Trade. on: September 12, 2013, 09:03:55 PM
If you have anymore questions

I've a question.

Why does an exchange want a greater level of funds deposited there (i.e., to where it even pays interest on those deposits)?

If the exchange holds all deposits (i.e., is a "full reserve"), there's really no advantage to the exchange to have more there.

If instead these are lent out or used for other purposes, then there is the risk of a 'bank run", no?

314  Bitcoin / Legal / Re: List of court cases, complaints, regulatory actions, etc. on: September 12, 2013, 08:24:22 PM
United States v. Adam Joseph BUNGER A/K/A John Smith A/K/A Jarvis Smith
September, 2013
Location: Bowling Green, Kentucky

Abstract: Guns were sold through the anonymous marketplace Black Market Reloaded, shipped from Bowling Green, KY to an Australian Buyer.  Australian customs intercepted the shipment.  ATF agent filed complaint in US federal court.

Bureau of Alcohol, Tobacco, Firearms and Explosives agents said Bunger used a site called Black Market Revisited [sic] to offer and sell weapons to buyers across the world. Eventually, Special Agent David S. Hayes wrote in a criminal complaint that Bunger sold weapons to people in Australia, England and tried to sell one to a buyer in Sweden between June and August.

And a little bit of LOL:

Black Market Reloaded is a site run by a company in Dresden, Germany,

Ky man charged with shipping guns internationally
315  Bitcoin / Project Development / Re: Shouldnt we be funding/supporting a mesh network ? on: September 12, 2013, 04:34:59 AM
To create a mesh around the ISPs but can still connect to the Internet is the way to go.

Here's what you are describing:

Mesh networks can also connect to the wider commercial internet, which KC Freedom Network does right now through a central access point — a commercial data center downtown, which is housed in one of the city’s tallest buildings called Oak Tower, providing ample opportunity to beam the bits around town using a microwave transmitter.


I believe that Bitcoin is the key to funding such a thing.

I would be fine with becoming an Internet repeater that generates Bitcoins on a pay per use type of structure.

This has nothing to do with mesh but it is a method that a wifi hotspot can charge in bitcoins:

316  Economy / Speculation / Re: What expected/specific 2013 events should the market be watching for? on: September 11, 2013, 10:59:41 PM
What should we be looking forward to?

SEC's completion of rules for equity crowdfunding.
This is a long shot, but that event may be significant for Bitcoin if the cyber-equity platforms get discovered as being suitable for equity crowdfunding globally.
When the SEC releases its rulemaking for crowdfunding (possibly later this year yet, or if not then early 2014) many investors will be disappointed.  They can't trade their investment for the first year, foreigners can't invest, etc.  And those looking into doing a listing (reportedly) will be expensive involving many thousands or tens of thousands of dollars even.   So there's an opportunity for Bitcoin "virtual stock markets" like BitFunder,, MPEX, etc., to gain some decent traction for getting true equity crowdfunding out there.

317  Economy / Service Announcements / Re: ★JOE’S★ - We now take Bitcoin! on: September 11, 2013, 07:48:01 PM
JOES was in online media again today, though not by name:

Mesh networks can also connect to the wider commercial internet, which KC Freedom Network does right now through a central access point — a commercial data center downtown, which is housed in one of the city’s tallest buildings called Oak Tower, providing ample opportunity to beam the bits around town using a microwave transmitter.

318  Economy / Service Announcements / Re: Full-Service Travel Agency Now Accepting Bitcoin on: September 11, 2013, 04:38:47 PM
We are an established, full-service travel agency

Travel is a merchant category in which the buyer must trust the seller (travel agency) because there is a time component -- the travel usually occurs at some point in the future.

Is this a commercial offering?  I can't see anywhere on the site the name of the entity providing this service.
319  Bitcoin / Press / 2013-09-10 - The “Domestic Terrorist” You Can Call a Hero on: September 11, 2013, 07:32:38 AM
The “Domestic Terrorist” You Can Call a Hero
by Jeffrey Tucker

"Economist F.A. Hayek wrote that it was entirely possible that a high-quality private money could compete with a government money."
"But who would step out and make the attempt? What entrepreneur would dare come forward and offer up an alternative as a product in the consumer market?  Bernard von NotHaus was the man"
"The notion that government was trying to protect a marvelous system against domestic terrorism is mind-boggling, since the truth is rather obvious: The government was trying to protect a terrible system from being overthrown by competition."
"Bitcoin is a brilliant combination of the Liberty Dollar’s soundness and Napster’s distribution methods, with a few extra features thrown in to protect it against shutdowns."
"The revolution will not occur with guns and battles, but through enterprise, entrepreneurship, and a billion tiny acts of peaceful consumer choice."

320  Bitcoin / Technical Support / Re: So a 0.04 btc payment hasen't had a single confirmation for 2 days?? on: September 11, 2013, 05:37:34 AM
I've never had it happen this long anyone here possibly know the reason to it?

There's many reasons for a long delay before a transaction confirms.

It could be because the transaction isn't being re-broadcast.  The re-broadcast behavior will vary based on which client you are using.   For instance, a transaction sent using Bitcoin-QT will only be re-broadcast by that client if the client is running.   And if that client isn't left running it is possible that peer nodes will have dropped the transaction because it didn't get confirmed in a timely manner.   If that is what happened, all that is needed is to leave the client running and the transaction should eventually confirm.

Other clients behave differently.

Or your problem could be due to the transaction being made using funds that themselves haven't confirmed., for instance, will use for a spend transaction funds from a transaction that did not yet confirm.  So if that is what happened the problem isn't that your payment isn't confirming but that there is a parent transaction which needs to get confirmed first.

So to give a helpful response to your question, more info is needed.  What client?  If you don't mind sharing it, what trx ID?
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