Someone moderated a few really really tame posts out of this thread, I don't get that. With all the jackassery here, why even try. I hope they don't delete some of the gems, that would be sad.
Given the circumstances, I honestly believe the mods did an exceptional job deleting what they hope were irrelevant postings, considering the ones I penned that were deleted. If I'm not mistaken, at least one of the Newbies had all his posts canned, thus any of ours that we commented on said posts were also trashed. |
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How the heck should that work?
Unless there is a counterparty that is willing to exchange coin xyz against USD or GBP or whatever, this won't work
And such a counterparty is a central entity that can be attacked. So Ripple and Hullcoin are not real cryptocoins. A "Government Cryptocurrency" WHAT??!!
The idea of having a pegged vehicle to get money in and out is great; but other than with BTC, the exchanger would be local by definition (because fiat is local) and thus very vulnerable.
Putting the exchange aspect aside, I'm just talking about a program tweak for accounting purposes. That is all. Currently, it works as follows sans the SV aspect: - $100 USD goes in via ATM and the ledge show X BTC in wallet 1xxxXXX.... - Or, wallet 1xxxXXX... consisting of X BTC valued at $100 USD is transferred to wallet 1yyyYYY... consisting of X BTC valued at $100 USD if the rate hasn't changed. If it has, then all chances accordingly minus the minute fee, of course. As a Store of Value (SV) it works like the following: - $100 USD goes in via ATM or from other source (doesn't matter from where) and ledge shows X BTC in wallet SV1xxxXXX... - If from elsewhere, i.e. 1yyyYYY... consisting of $100 USD is transferred to wallet SV1zzzZZZ... and will retain that $100 USD value until spent. - If when spent the rate has increased say 5 fold, then if the wallet SV1zzzZZZ... is move en masse to wallet 1aaaAAA..., the latter wallet would have $100 USD in it but will have 5Xs less BTC then the original wallet. The value is the same, just like now having $100 USD in BTC has a different decimal amount/placement then if $100 were deposited 3 years ago, albeit that 3 year old account would be worth a heck of a lot more but have the exact same BTC amount down to the last satoshi. |
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This is like exchanging all your USD For GBP and saying you want a fixed amount of USD back when you turn in your GBP a year later.
Not possible.
Or if it was done in some way, you're not really holding GBP, you're holding USD and calling it GBP.
Same as if I loan you 2 BTC today and expect to be paid back 2 BTC a year from today, or $100 USD for $100 USD a year from now. Or $100 USD is put in some personal safe and retrieved later to have the same $100 in hand, worth the same in the holders mind, but probably lost some value due to inflation. If I were to deposit $100 USD via an ATM converted to BTC, at the time of deposit I would have the option or putting it in a conventional wallet or an SV wallet. We all know how the conventional one works, thus no need explaining it again. But, since I scanned an SV wallet, the $100 USD retains exactly $100 USD for as long as the US/FED is around to back it. Five years from now, I can only retrieve a $100 USD bill(s) if via ATM/bank/other, or having only $100 purchasing power via BTC. Once transferred, the new holder has exactly $100 USD in value as if a $100 USD bill was just transferred to his account, but the BTC amount would be different. That is all. Of course all this could be done with alts, but the goal is to have it all under one roof, so to speak, i.e. Bitcoin's protocol. |
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Alice acquires $1,000 USD worth of bitcoins, but wants to maintain that relative purchasing power down the road, i.e. not just $880 USD buying power due to some dip, albeit upticks are welcomed, but Alice opts to not play that game, for lack of a better term. Thus, Alice opts for the "Store of Value" option via ticking a box. So, instead of having an address 1xxxXXX..., she has SV1xxxXXX... (x & X denote random digits, of course). Now, down the road, whatever direction the bitcoin exchange rate takes, no matter how drastic, Alice would still has $1,000 USD worth of bitcoins to make her purchases. An example if the rate doubles from $1,000 USD/BTC to $2,000 USD/BTC: Alice has $1,000 USD in the form of SV1xxxXXX..., of which just happens to equal exactly 1 BTC that's, for practical purposes, irrelevant, for in the next few minutes 1 BTC could easily equal $1,006.72 USD. Several months later, Alice desires to make a purchase of some item that has a price point of exactly $1,000 USD, and the seller, of course, gladly accepts bitcoins. Even though the currently exchange rate is now $2,000 USD/BTC, Alice transfers her SV1xxxXXX... to the merchant's wallet of 1xxxXXX...., but the merchant now has 0.5 BTC equating to exactly $1,000 USD. (like everybody else, the merchant also has the option of accepting BTC and placing them into an SV bitcoin wallet) Likewise, if the exchange rate halves to $500 USD/BTC: Several months later (or whatever timeframe), Alice desires to make a purchase of some item that has a price point of exactly $1,000 USD, and the seller, of course, gladly accepts bitcoins. Even though the currently exchange rate is now $500 USD/BTC, Alice transfers her SV1xxxXXX... to the merchant's wallet of 1xxxXXX...., but the merchant now has 2 BTC equating to exactly $1,000 USD. (like everybody else, the merchant also has the option of accepting BTC and placing them into an SV bitcoin wallet) Alice is not force to spend the entire $1K USD SV at one shot. She could easily opt to spend any fraction of her SV, maintaining the balance SV, but the merchant having the dollar amount converted to his 1xxxXXX... bitcoin wallet. At any time, Alice would be able to take out a fraction of, or her entire holding, and transfer it to another wallet she maintains that's not an SV wallet. The above is the gist of the idea I came up with while on the road to Philly. Since then, something else came to mind, of which I'm not as sure it working as strongly as I envisioned the above, but I'll express it below nonetheless. If a critical mass of bitcoiners opt for the SV option, of course visible on the 'blockchain', then an algorithm could be devised to track at what price point SVs were locked in at to act as a bellwether for the current exchange rate, either as a supplement to, or as the official stock exchange rate, thus eliminating all rouge exchanges. If such were the case, then exchanges would be just that: acting ONLY as the facilitator of BTC to fiat, and vice versa, based upon the rate set by the SV holding patterns, along with having a nominal fee structure to compete with the myriad competition. Yes, the SV system could be gamed to effect the exchange rate, but at a cost of all transactions being readily available for all to see exactly what is going on, and not behind some doors of some entity named after the owner's cat. Also, Alice could easily opt to play the game. If she feels that BTC is going to increase in value, she could easily transfer all or part of her SV holdings to a conventional wallet address that she maintains. Conversely, if Alice feels that the rate is about to drop, she could transfer all or part of her holdings to a new SV bitcoin wallet. Obviously, an SV bitcoin wallet can only be used once (unless I'm missing something, though perhaps an argument could be made that if it's funded with the exact dollar, or other fiat, amount that it was originally set up for, then that may work-- KISS). Discussion. ~Bruno Kucinskas What a complex yet pointless idea. Why bother converting your USD to BTC if the value of your BTC will always be pegged to USD at the time of purchase? When I convert USD to EUROS, if EUROS drop in value and I try to convert back to USD I get less money. Your solution is a compete fail. The way to solve the "store of value" issue is massive volume. When Bitcoin has massive volume, it will stabilize and the lack of fluctuation will increase its value as a currency...which the IRS says it isn't. For now, I like the fact that Bitcoin is a speculation investment. Buy at $450, sell at $700. Etc. I'm not advocating changing the entire protocol that would eliminate why you use it. It'll only be an option for those desiring a solid Store of Value. Plus, it would should that Bitcoin is perfect as a Store of Value of those desiring such of their currency or money, whatever the case may be. |
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Congrats you just re-invented ripple USD IOUs.
If that's the case, it goes to show how much I know about Ripple. What about the exchange aspect I outlined? Taxing my memory, I'm pretty sure I've seen discussions about peer-to-peer changes, but didn't read, nor versed in such. Well, in the end you need somebody willing to exchange real dollars to the pegged virtual currency, I don't quite see that aspect in your idea, but I assumed it's omitted because it's obvious. ripple has 'gateways' issuing each their own derivative of USD for example, a gateway can be special entities (like bitstamp are now) or just a regular user. You can trade IOUs of the same currency or different currency in a public orderbook, it works all the same. One could just convert some BTC that they already have to a SV address, no longer wanted to participate in the volatility, or somehow feel the rates going to go down, and needs most all that currently store for an upcoming purchase/sale. BTW, the ATMs work perfect for this, for Alice can put $100 in and later draw exactly $100 out sans possibly a lesser fee (hopefully, and thinking out loud). |
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I don't get it? Why wouldn't Alice just keep the $1000 in fiat?
For a myriad reasons. Travel, shopping, send to herself when she travels in a few months to some foreign land, uncertainty, etc. |
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Bump. Leaving our from Frederick, MD, tomorrow if anybody is interest while I'm in route to Illinois.
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I'm just stopping in this thread to wish GAW Miners cheers and hope all is well. Later, guys.
~Bruno Kucinskas
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You (anyone as well) have enough to work with.
Did he actually show you a cease and desist request and not let you keep it? Or do you have a copy of it you can share.
If he does not have a copy of it in hand they did not serve him. He also has to sign for it officially. There is a process. If that did not happen a court cannot honor it. He looked at it, and there were witnesses, it's enough. Ad we have recorded the majority of the conversation as well. Should be enough to sue for damages of business and a few other fun things. But we're considering going a different route in the mean time. Do you record everybody who comes into your office? Do you also have hidden cameras under the desks so that you can later jack off to your pretty Jewish girls panties? Do you also have cameras at your mom's house so that you view her titties, wishing you can still suck them? Is their some Jewish tradition that I'm not familiar with that allows their grown sons to suck their momma's titties whenever he wants? BTW, I don't recall you asking if can record our conversation. Is that legal in Pennsylvania? You don't even realize that each time you come to this thread and post that you fuck up big time. I don't know what you had your Daddy-O pay for your 7 year business degree at Penn State, but if it was over a buck, he paid too much. YOUR THE REASON CLIENTS DON'T GET UPDATES VIA THIS THREAD. Hey, fuckin' idiot! Would you like to reread where you basically said the same thing back in December long before I ever entered this thread? Remember, fuzznuts, it was your customers that requested my service to come here and help them, none of which offered to pay to me nor would I have ask a satoshi from them. I say my rep is a helluva lot better then yours, albeit I probably easily lost a few due to the way I somethings go about things. In AMT's case, though, I doubt if I lose many. You, OTOH, is fucked. |
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Still waiting for part two of the "transparency" series. I think people want transparency on why you think it is ok to ship miners to customers who paid more, yet ordered after other customers. Or why not a single person here has received one of the "hundreds" of miners you claim to have shipped.
Tomorrow we'll post tracking numbers for craig - drgamma -and a few other from this thread. and the next and the next day over and over. If we ship everything in these two weeks then no one can actually sue us. Tell them to hurry rick, let them follow you down the dark hole of a later delivery. Nice people get their miners. Don't you get it, if you actually follow through on one of these promises, all the hate will go away! You of course have said the same thing numerous times in the past, so it's hard to take anything you claim with more than a grain of salt. Nice people get their miners won't fly in front of a judge, btw. Don't you get it! If you advise several people to file claims and sue us, they will. Completely screwing the moral of delivering miners all together, writing checks of 20-30k to lawyers that'll make sure we'll loose, and not spending valuable time on figuring out the issues at hand and how to optimize manufacturing. So as we said, bring it on, bring on the law suits and bankrupt us in the process. At least that way these 18 hour days will end already! You think you're doing them justice - TELL THEM TO COME HELP US - NOT SUE US YOU IDIOT. ROFL, So your best defense now is to try and get people to be mad that other people are so sick of your shit that they are suing you? You have to be kidding me. Screwing the moral? That must be translated wrong. By the way, I'm not the reason people are going to or already are suing you. Your complete failure to produce miners is. You offered to have people help build them, a number of people offered to do it, and you didn't let them. Smart guy... What defense, this is not a game! These are people's orders and people miners that were bought with hard earned money! And all we are trying to get out them out the door! These are our homes that we put on the line and into this business. What's wrong with you! Your not even a client, and you post more than most. We'll get everyone their miners or go broke in the process, and suing us will only make that process speed up. Your telling them not to wait the 12 days and to file and sue now. while there's still a chance bla bla. Do everyone a favor and get out of this thread. The only one here that reads your crap is your good buddy phin. The 54 year old tard that drove 600 miles for two days to get answers for the community but never actually did. He spent more time talking about what he wanted, and he felt he deserved than asking questions or getting answers. The guys doesn't have anything else to do, he is clinically gone, seriously. There is something wrong there and he needs professional help, and I'm not joking. He speeks like guy following to different thoughts at the same time, jumping from one to the next. similar to mel gibson in that movie conspiracy theory. He took a miner because he though it was worth something. This is your ring leader, the character of the forum that has done so much for this community. He was an old man that I assume is poor driving a 20 year old Cadillac, and he has nothing better to do than to bother us and post on our thread. We wont pay extortionists. It's a 24 year old Cadillac that was well maintained by a friend of mine that work for the railroad prior to him having a stroke. It gets 30 MPG and has 209,000 miles on it. All the leather inside was replaced, having put a couple more grand into it since she's in pretty good shape. It was the safest car my sister had at her disposal when you drove to Indy from Sandwich, IL, during some pretty bad weather. I could have brought the truck that has a V-10 and gets a descent 15 MPG with or without a load of barn wood, but opted for the better milage vehicle. Now, about that character assassination. There have been a myriad people who've spoken with me in person or over the phone and could easily counterclaim your wild statements. Whether you know it or not, you once again shot yourself in the foot, for there's nothing you could say about me, whether true or false, that can hurt me financially, or otherwise. Likewise, most of what I can or have said about you can easily be brushed aside. But, this is where you continue to fuck up because it's your nature. You show your true colors by espousing shit talk like the above I've quoted. And, you seriously don't have a damn clue as to what I'm talking about nor how much damage you just caused yourself. The ONLY people that may believe what you just penned above is you, your partners that you brainwashed, your sock puppets, and about a half dozen diehards who've posted on this thread. Your immediate family is not even included in the mix. That's your audience. To be clear, there is nothing you can do to me that can hurt me. Likewise, there isn't much I can do by simply posting here to hurt you, sans having you post shit to defend yourself, thus causing yourself greater harm. I can lay out my entire hand and let you know exactly how I'm playing the game and you would still come out the loser. Why? That's the only card I'm not letting you see, whereupon you can hold as many cards as you desire close to the cuff. Bottom line: You're fucked! |
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My name isn't Rick. For fucks sake, why do half the people here not understand the joke.
As I've said, over and over, I'm not an AMT customer. I'm free to continue posting as I wish, and I will. If you are waiting for a miner, you need to be in court with these fools. Otherwise you are just giving them time to get away / spend the money.
thanks rick Mblackout, good comeback  as to the italicized, probably because Rick James was an American phenomenon, and this is an international site. FWIW, I got it the first time I saw it, and I love it "I'm Rick James, Bitch!" <slap> Ha! I got it before you, like three days ago, hence the reply a couple posts up.  Google's fucking with me. I searched for Rick James Cats, and it offers up penguin slaps. Close enough. No you didn't. I first interacted with him on the KnC thread, awhile back. First time I saw the nic I cracked up I'm a Rick James fan, so it was easy. Oh, no you didn't. Did I say three days. I meant when he first signed up. I welcomed him to the community and all. I would show you the post but it was one that I deleted by accident when I deleted a few posts at Josh's office the other day.   |
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Here's a new cage, too.  "Nice cage!" "And shiny, too." |
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 The above is one of the old cages. What a fuckin' genius! There's a customer kindly asking Josh a couple times to date to review his account and Josh opts to post an irrelevant pic of an old cage. Here's an old cage also, Josh.  |
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You (anyone as well) have enough to work with.
Did he actually show you a cease and desist request and not let you keep it? Or do you have a copy of it you can share.
If he does not have a copy of it in hand they did not serve him. He also has to sign for it officially. There is a process. If that did not happen a court cannot honor it. He looked at it, and there were witnesses, it's enough. Ad we have recorded the majority of the conversation as well. Should be enough to sue for damages of business and a few other fun things. But we're considering going a different route in the mean time. Do you record everybody who comes into your office? Do you also have hidden cameras under the desks so that you can later jack off to your pretty Jewish girls panties? Do you also have cameras at your mom's house so that you view her titties, wishing you can still suck them? Is their some Jewish tradition that I'm not familiar with that allows their grown sons to suck their momma's titties whenever he wants? BTW, I don't recall you asking if can record our conversation. Is that legal in Pennsylvania? You don't even realize that each time you come to this thread and post that you fuck up big time. I don't know what you had your Daddy-O pay for your 7 year business degree at Penn State, but if it was over a buck, he paid too much. |
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Holy crap, josh is really bored to keep making these troll accounts. He should just work on miners and answers.
That wasn't us btw. You best better clear up your statement that I consider a threat, for if I sue the first that will be asked for are the IP/ISP logs of those who penned on thread that could be considered coming from your camp. In fact, anybody else suing your ass would already have their lawyers requesting the same to further their case. You best hope that not a single account can be proven to be one of your sock puppets. |
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You (anyone as well) have enough to work with.
Did he actually show you a cease and desist request and not let you keep it? Or do you have a copy of it you can share.
If he does not have a copy of it in hand they did not serve him. He also has to sign for it officially. There is a process. If that did not happen a court cannot honor it. He looked at it, and there were witnesses, it's enough. Ad we have recorded the majority of the conversation as well. Should be enough to sue for damages of business and a few other fun things. But we're considering going a different route in the mean time. Hey, bud. I say sue. Unless you clarify that other route aspect within 24 hours, I will do the suing, for to me that now reads like a threat because I'm having a very hard time figuring out what you mean by that. It's quite possible you just fucked up big time. |
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My name isn't Rick. For fucks sake, why do half the people here not understand the joke.
As I've said, over and over, I'm not an AMT customer. I'm free to continue posting as I wish, and I will. If you are waiting for a miner, you need to be in court with these fools. Otherwise you are just giving them time to get away / spend the money.
thanks rick Mblackout, good comeback as to the italicized, probably because Rick James was an American phenomenon, and this is an international site. FWIW, I got it the first time I saw it, and I love it "I'm Rick James, Bitch!" <slap> Ha! I got it before you, like three days ago, hence the reply a couple posts up. Google's fucking with me. I searched for Rick James Cats, and it offers up penguin slaps. Close enough. |
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My name isn't Rick. For fucks sake, why do half the people here not understand the joke.
As I've said, over and over, I'm not an AMT customer. I'm free to continue posting as I wish, and I will. If you are waiting for a miner, you need to be in court with these fools. Otherwise you are just giving them time to get away / spend the money.
I got it, didn't I, bud?  |
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Mblackout, I'd assume bruno is here because he cares about the success of bitcoin, as do I.
You are just a greedy little shit whining about the miner that you got when you shouldn't have. You should get out. You don't care about bitcoin, you care about helping AMT so that they might give you more miners that should be shipped to others who ordered first.
There is a line between constructive and destructive. Where do you stand. I just said it, I'm concerned that the behavior of companies like this is causing irreparable harm to bitcoin. I also believe that you are a liar and should stop your stupid posts like "stop it stop it stop it blah blah" like a crazy person. Rick, I agree with your concerns about bitcoin and trust me its bullshit not everyone has their miners yet. 1st of all iam not a lair, but ok. 2nd stupid posts. this forum is full of stuipd posts which have no reverence to anything AMT or bitcoin mostly by bruno. Not like you will agree, but its true so keep bashing this place to shit. If you have a problem with AMT sue their asses and drag their asses to court. You will not gain anything here with guys like burno. Hey fucktard. I probably done more for Bitcoin proper to date than you ever will, and have a helluva lot more to give. AMT had every mother fuckin' opportunity in the world to get a handle on their brand, but they're the ones that opted to make themselves look scammish. They lied to get me there. They lied while I was there. They lied directly after I left the parking lot. Once it was confirmed to me that this is how they truly act after only five minutes sitting in Joshes office, I went toe-to-toe with the lying fuck to play The Lying Game. I went in to win. I left a winner. Sorry if this fuckin' truism fucks with your head, but it's a fact, Jack! Joshua Zipkin is not to be trusted. I know it. Most on this thread/forum know it. His family and so-called friends know it. Chances are that his two partners now know it, but Josh has them in so deep that they can't easily walk away. When push comes to shove, Josh can easily pick up and go back to his motherland if he hadn't already burnt bridges there. Josh Zipkin is a piece of shit. |
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Mblackout, I'd assume bruno is here because he cares about the success of bitcoin, as do I.
You are just a greedy little shit whining about the miner that you got when you shouldn't have. You should get out. You don't care about bitcoin, you care about helping AMT so that they might give you more miners that should be shipped to others who ordered first.
There is a line between constructive and destructive. Where do you stand. I just said it, I'm concerned that the behavior of companies like this is causing irreparable harm to bitcoin. I also believe that you are a liar and should stop your stupid posts like "stop it stop it stop it blah blah" like a crazy person. Yeah! Leave the crazy to me. Damn, I still have 60 more post to read and reply to. Who the fuck is doing all the posting? |
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