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3841  Other / Meta / Re: It might be time to rethink the whole "local thread rules" idea. on: October 03, 2012, 05:54:26 PM
I kind of predicted this when Theymos originally offered to allow thread starters to set local rules which the moderators would enforce,

I hadn't known of local rules.   Here's an example:

Local Rules: the following accounts are banned from posting in this thread: Puppet, EskimoBob, Deprived, Factory, nimda, 556j, MPOE-PR, cunicula and guruvan. Please post scam accusations in the scam accusation forum or you will be banned from next month's thread.

The reason I didn't know of them is because I don't often frequent the "securities" forum board.  I did a forum search and all but one use of "local rules" occurred in the securities forum.

After noticing that, how can anyone who invokes local rules to squelch dissent ever be taken seriously?

Here's Theymos' post on "local rules"

OPs can specify local rules
 - http://bitcointalk.org/index.php?topic=31782.0

And another thread on the topic:

Individual Thread Rules: Enforceable?
 - http://bitcointalk.org/index.php?topic=97756.0

3842  Bitcoin / Bitcoin Discussion / Re: The Thai Baht (฿) has always been the most frequently used Bitcoin symbol right? on: October 03, 2012, 05:29:35 PM
I kinda like Ƀ

Alt +0243

Ƀ

There hasn't been much disagreement that Ƀ, the "Latin capital letter B with stroke" (Alt+0243) is a pretty decent symbol to use going forward.






 - http://www.ecogex.com/bitcoin/
 - http://en.bitcoin.it/wiki/Bitcoin_symbol

3843  Other / Beginners & Help / Re: Mt. Gox Currency funding on: October 03, 2012, 06:36:25 AM
If the first case were true, then would it make more sense to fund your account in USD as the majority of transactions are happening using this currency, then just transfer the bitcoins out of Mt. Gox into your local currency and take the conversion hit there?

The wallet used for your funds transfer is in whatever currency was sent.  So if you send AUD, that would go to your AUD wallet.  So if you want that to be received as USDs, you'll have to do that conversion occur by your bank and then wire USDs.

Whether it is a better deal doing that through your bank or by sending AUD and then buying bitcoins with those AUD funds depends on a few factors.  Sometimes the BTC/AUD is higher than the BTC/USD after accounting for the AUD/USD conversion.  So in that case, you come out ahead transferring in AUD and buying coins with that.  You aren't tied to any one wallet, so you can go ahead and sell coins for USDs and "move" the funds from AUD to USD that way, but you pay exchange fees on those trades.
3844  Economy / Marketplace / Re: Sounds perfect for Bitcoin... on: October 03, 2012, 06:22:25 AM
Also, is there a bitcoin app? One that two people could use to exchange bitcoins with?

Several:

 - http://en.bitcoin.it/wiki/Mobile_Payment_Apps

There are a few problems.  One is exchanging between fiat and bitcoins.  M-PESA pays tens of thousands of agents to provide this service.  Bitcoin, not being an organization with a budget and a motivation to provide an incentive like the agent commissions, would have to grow organically.   

If you are an agent, are you more likely to push M-PESA and collect the commissions, or push Bitcoin instead?  Also, it is not known yet if independent Bitcoin traders will be able to trade without harassment or if the government will act to protect its tax revenues paid by those M-PESA agents and by Safaricom / Vodafone (M-PESA's operator).

 
.
3845  Other / Beginners & Help / Re: Which is better for using Dwolla with...Mt. Gox or CampBX? on: October 03, 2012, 06:11:57 AM
I have a Verified/Premier Paypal account and anytime I purchase something or make a deposit, the money is taken instantly from my bank account and I don't have to wait for it

Presuming that since you are a Dwolla user that your PayPal account is linked to a bank in the U.S.   What PayPal is doing is advancing to your account the money while behind the scenes it performs the ACH bank transfer.  That is a service they offer because bank transactions take so long.

...so if I use Dwolla to make a deposit at Mt. Gox or CampBX with my bank account, will the money be deposited instantly like Paypal? Or will I have to wait days for the deposit?

There is probably a two to four business day wait after you enter the transaction on Dwolla to add funds.

Dwolla does have "Dwolla Instant" which is like a loan that you pay $3 a month for, and are supposed to pay it back by transferring in funds from your bank.  This will give you immediate access of up to $500 (after passing their credit check application form).  Dwolla Instant is not available in the State of Vermont.

- http://help.dwolla.com/customer/portal/articles/433827-instant-faq
3846  Other / Politics & Society / The man with no identity on: October 03, 2012, 03:13:07 AM
For 22 years, John Doe, used the identity of a man whose wallet was stolen.

John Doe used this identity while employed where he had access to the Mayport Naval Station as well as JaxPort, the Jacksonville Port Authority.

Eventually, the FBI caught up to him and John Does is now prison time. 

But despite DNA testing and a thorough investigation, John Doe's real identity remains a mystery -- even to the FBI.

“It will continue to be a mystery unless he makes an admission to us,” Blanco said, adding, “I don’t know what he’s going to do when he gets out of prison, because the man doesn’t have an identity.”

 - http://www.fbi.gov/news/stories/2012/october/identity-theft-that-lasted-decades/identity-theft-that-lasted-decades


Presuming he does not choose to reveal his identity following release, he will likely find Bitcoin to be quite helpful in carrying on his finances, post-release.
3847  Economy / Service Discussion / Kaspersky Lab - Safe Money browser mode on: October 03, 2012, 03:01:37 AM
I was reading about Kaspersky Lab's Safe Money mode feature in its Kaspersky Internet Security product.

Apparently it will see that you are trying to access a financial website (one that it knows about or one that you've marked as being a financial site) and prods you to launch a different, secure mode browser instance.




What also was interesting:

Quote
5) Provide an onscreen Virtual Keyboard when entering your credit card or payment information so you can enter your information with mouse-clicks. This will activate a special program to prevent malware from logging any keystrokes on your physical keyboard.

 - http://bit.ly/Sxau6T

 - http://support.kaspersky.com/kis2013/control?qid=208286049

 - http://www.ecommercebytes.com/cab/cab/abn/y12/m08/i24/s04

I run Linux and Kaspersky doesn't sell a version for Linux but it does support Windows, Mac and Android (phone and tablet) even.

Has anyone used this?  Because not all Bitcoin sites offer two-factor authentication yet (or don't implement it following the ideal method), might this be a useful piece of software for Bitcoin users?
3848  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency Journal on: October 03, 2012, 02:27:49 AM
Hi,

are there any scientific journals dedicated to cryptocurrencies?

If not, maybe the bitcoin foundation can establish it?

Opinions?

Nowadays, most anything to report gets reported here:

 - http://www.reddit.com/r/cryptography
 - http://crypto.stackexchange.com/
 - https://financialcryptography.com  (Ian Grigg's site, Ian coined the term "triple entry accounting")
 
3849  Bitcoin / Bitcoin Discussion / Re: Reach out for the white spots! on: October 03, 2012, 12:59:42 AM
I have added Farsi/ Persian to the list of target languages for MultiBit but it is (currently) just 6% done.


22% done now.

 - http://translate.multibit.org

Is there anything someone who does not read/write Farsi can do to help hurry this up?  (e.g., donate towards a bounty?)

How Does a Currency Drop 60% in 8 Days? Just Ask Iran
 - http://www.npr.org/blogs/thetwo-way/2012/10/02/162165257/currency-in-crisis-collapse-of-irans-rial-continues




Anyone who would like to contribute to translating it, please have a look at the MultiBit translation site.
3850  Bitcoin / Press / Re: 2012-09-27 - The Economist "Monetarists Anonymous" on: October 03, 2012, 12:29:50 AM
The article is a great and very concise summary of Bitcoin's history.

Mental note for the next time Bitcoin appears in The Economist print edition ... is to remember what happened the last time bitcoin appeared in The Economist print edition:



 - http://bitcoincharts.com/charts/mtgoxUSD#rg60zig6-hourzczsg2012-09-27zeg2012-10-03ztgTzm1g10zm2g25zcv


Here was a 2011 appearance in The Economist:

Digital currencies - Bits and bob
Bitcoin has got geeks excited. What about economists?
 - http://www.economist.com/node/18836780

And its online article:
 - http://www.economist.com/blogs/babbage/2011/06/virtual-currency
3851  Economy / Speculation / Re: Are we in another bubble? on: October 03, 2012, 12:17:47 AM
So, will ASIC's affect peoples behavior when it comes to buying and selling bitcoins? I expect it will. I know it will for me.

Ok, in what way? More apt to hold or more apt to sell?
3852  Economy / Collectibles / Re: CASASCIUS PHYSICAL BITCOIN - In Stock Now! (pic) on: October 02, 2012, 09:46:29 PM
Edit: And for a size comparison for Europeans, there's the €2 and €0.05 coin.

That's quite a beautiful collection.

Some day my coin collector buddies are going to wonder why they didn't act on my recommendation to grab a couple of these while they are still:

 a.) using "early coins" (funded with transactions in 2011 and 2012)
and
 b.) still being made (e.g., Rev 1 of the One BTC coins are either done or near done being produced, as far as I know -- or at least of a limited quantity for a "key date"/first release.)
3853  Economy / Trading Discussion / Re: Buy bitcoin in Cash NY on: October 02, 2012, 09:32:30 PM
How to buy bitcoin in cash at New York?

Take it to any PNC, Wells Fargo, or Bank Of America branch and use Bitcoins Direct?

Tangible Cryptography offers one method, and in many circumstances, the best method, for buying bitcoins with cash in much of the U.S., including New York:
 - http://bitcointalk.org/index.php?topic=87094.0 (Deposit cash at Bank of America, Wells Fargo or PNC, minimum $500)

They do have a $500 minimum deposit though.  If you were looking to purchase a smaller amount, there are many cash deposit options:

Other options:
 - http://www.BitInstant.com (Deposit at major banks, 7-11, Walmart, CVS, Moneygram, etc.,)
 - http://www.BitMe.com (Deposit cash at Chase)
 - http://www.BitFloor.com (Deposit cash at Chase or Wells Fargo)
 - http://www.MrBitcoins.com (Deposit at a bank in U.S., India, Australia)

For the benefit of others from outside the U.S. reading this, cash deposit methods elsewhere include:
 - http://www.CAVirtEx.com (Deposit cash at several banks)
 - http://www.Spendbitcoins.com (Deposit cash at a bank in Australia)
 - http://BitcoinNordic.com (Purchase CashU or UKash in dozens of countries)
 - http://www.BTC-E.com (Deposit cash (USD) at bank locations in Russia)
 - http://www.BitNZ.om (Deposit cash (NZD) at back locations in New Zealand)
 - http://www.BitInstant.com (In Brazil using Boleto or Banco Recomendito, or in Russia, using Qiwi or Cyberplat.)


The fees aren't trivial but you can use a credit card to purchase by using VirWoX where you can buy SLL using your Serve card as a credit card, then trade SLL for BTC:
 - http://www.VirWoX.com

This probably does't help you if you are looking to spend the coins anytime soon, but you can buy physical Bitcoin, paid for with credit card:
 - http://memorydealers.com/catalogsearch/result/?q=bitcoin

Or find a local trade:
 - http://www.localbitcoins.com

And if you are considering a bank transfer, all kinds of options are available:
 - http://en.bitcoin.it/wiki/Buying_bitcoins
3854  Economy / Speculation / Re: Are we in another bubble? on: October 02, 2012, 09:05:57 PM
It makes sense that there is a lot of speculation with the hash rate change and ASIC's coming out.

There are 7,200 BTC issued per day (well, until around Nov 30th, then 3,600 BTC issued per day) -- regardless of the amount of mining (with the exception of the few days until difficulty adjusts for any rise or fall).

Why would the hash rate and ASICs coming out affect the Bitcoin exchange rate?
3855  Economy / Trading Discussion / Re: intersanog how long till btc changes to cash? on: October 02, 2012, 08:52:49 PM
ok trying sell my btc on intersnago for euros. been on good till cancelled forever!! same when i tried pounds and polish zlty? wot am i doing wrong?!

Intersango is a market exchange.  They match buy (bid) orders with sell (ask) orders.

If you are selling at a price higher than any bids, then the order simply will sit forever.

Other market exchanges offer trading under the concept of a "market" order, where your coins are sold to whatever bids exist, from the highest bid on down.

Intersango only has "limit" orders.  

The workaround to get the equivalent of a market order with Interango is to enter a sell price well below market.  Thus that quantity of coins will sell at whatever prices Intersango's trading system can match you up against.

From the Order book, you can see the market depth.  At this moment, if you wanted to sell 500 BTC, you'ld need to enter a price around 9.10 EUR, even though the current "market"'s best bid is about 9.65.   No you will get paid higher than 9.10 for some of the coins, because some of the bids were higher, but to sell every last one of the 500 BTC, you need to enter a price low enough so that at that price there is a bid for every coin you are selling.  So selling large amounts of coins in one fell swoop causes you to earn less, and the term for that is "slippage".  

So sellers with patience trying to get the best price will enter smaller limit orders at varying prices and hope the bidders come to them.  Often this means canceling orders and placing them at new price points as market conditions change.
3856  Economy / Speculation / Re: Why is the the Canadian exchange almost a dollar differance from the US? on: October 02, 2012, 08:30:57 PM
What is going on here? Why aren't people taking this as an opportunity to buy on one exchange and sell on the other and shouldn't this even things out?

If you have coins to sell, and don't like selling below market rate, perhaps you would like to trade with those holding cash (CAD) who don't like buying above market rate.

Put the two together and you have a win/win! Simply put up an offer and see what happens:

 - http://www.LocalBitcoins.com
3857  Economy / Speculation / Re: The Weekend Dip Myth on: October 02, 2012, 08:26:59 PM
So this weekend isn't one that I'll be selling into, hoping to buy back at a lower rate.

And good thing for that, because doing so would have been a bad move.


In addition to the "Weekend Dip" pattern is the "New Money Monday" pattern.  This is where if large amounts of funds do arrive at the largest exchange, they start hitting around Monday evening (west) / Tuesday morning (east).  This is because during Monday banking hours in much or Europe and all North America timezones, Mt. Gox is already closed for the day and thus those transfers aren't made available for trading until Tuesday morning (Japan timezone), And because when there is panic buying, it pays to panic first, those funds result in some nice gains in the exchange rate for those wishing to sell.



 - http://bitcoincharts.com/charts/mtgoxUSD#rg60zig12-hourzczsg2012-09-27zeg2012-10-03ztgTzm1g10zm2g25


Now what would be nice to learn would be a good way to predict, during the weekend, the degree of increase, if any, that New Money Monday will bring.

This past weekend was nearly absent of any significant news or media attention, really.  Volume was quite low -- that oftentimes precedes a breakout heading north.  
3858  Bitcoin / Legal / Re: BitCoin == Hawala on: October 02, 2012, 07:43:02 PM
Someone today made the comparison of BitCoin to Hawala: https://en.wikipedia.org/wiki/Hawala I'd actually never heard of Hawala before so my knowledge of it does not extend any further than that wikipedia article goes. So, I'm curious to know if you think -- is that comparison is accurate? Why or why not?

The difference between BItcoin and Hawala is that a Bitcoin money exchanger can operate indepedently.  

A hawalder in the remittance destination country is of no use without a relationship with the hawalder partner in the sender's country.    Also the two hawalders must trust each other as eventual settlement may not happen until a later time.

Bitcoin cuts the need for there to be any tie between the two sides.

I'm wondering how long it will take current hawalders to figure out they can use bitcoin to do deals on their own.  Bitcoins don't yet have much value for the beneficiary of a remittance transfer -- the recipient will likely be just looking for a way to convert the coins to the local fiat currency.  But to an enterprising hawalder, acquiring and holding larger amounts of bitcoins becomes useful for paying for purchases made abroad or for sale to a local investor perhaps.

Also, a hawalder has lower costs than the formal, licensed money exchangers.  

Compare the difference between Bitcoin and a Western Union.  

A WU agent location needs lots of volume to pay for the overhead.   But a Bitcoin-friendly hawalder or any other individual who provides a Bitcoin cash-out method can be profitable on every trade, even if only doing one or two exchanges per day.

It doesn't need to be a full time operation or need to start out as an intentional part-time gig even.  There no doubt are individuals who have a little extra time and a little extra money that will do this exchange "as a favor" to be able to earn the 5% or 10% that doing such an exchange can bring.

And then word gets out and in the following weeks there are two recipients who need this favor.  And then it is four, then eight, and pretty soon this individual now has this sideline business doing bitcoin cash-out service.

Also, then consider how basic business sense starts to take over.  If I am offering a Bitcoin cash-out service to you, and you turn around and use that cash to pay for your mobile phone refill, then why don't I just start selling to you mobile phone refills for bitcoins, and earn the profit from that sale as well?

So essentially, there already exists entrepreneurial Bitcoin hawalders.    Here's a list of hundreds of them in several hundred cities around the world:

 - https://localbitcoins.com/statistics
3859  Bitcoin / Press / Re: 2012-09-26/BBC World Service (Audio)/Digital Currencies (~10:00 min) on: October 02, 2012, 06:19:20 PM
My full transcription which I also posted earlier on reddit.com/r/bitcoin:

Thanks for doing this.  From having tried to create transcripts of excepts of audio, i appreciate how much effort it really is to do something like this.  Something that takes 3 minutes to listen to could take ten times that to get transcribed to text accurately ... it isn't just as simple as typing out the words that you are listening to.
3860  Local / 한국어 (Korean) / Re: www.bitcoins.co.kr on: October 02, 2012, 06:15:12 PM
We only sell bitcoin in Korean Won with realtime price not fixed time because there isn't bitcoin in Korea right now.

Yes, sorry -- "fixed" rate is probably a misnomer.  It refers to how the exchange rate is pegged to the price at an external market, in your case likely to the Mt. Gox BTC/USD rate after adjusting using the USD/KRW forex rate.

I want to translate http://en.bitcoin.it/wiki in Korean and make new website for Korean people. Would I use those sources ?

A separate subdomain can be created, kr.bitcoin.it which would host a localized version of the Wiki.  Generally this are not just translated equivalents of the English version but pages customized for your specific locale.

The operator of the Bitcoin wiki welcomes the opportunity to have a wider selection of localize version.  Instructions for contacting him are here:

 - http://en.bitcoin.it/wiki/Bitcoin.it_Wiki#Internationalization
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