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41  Economy / Service Discussion / Re: Spam transaction advertising laxotrade on: September 21, 2014, 07:49:48 AM
Lol I've gotten 3 transactions from this guy now. Keep paying me, I'll still never visit your site. Cheesy
The amount you are receiving from them is very small (less then a dollar per TX). The fact that you are posting here shows that you have noticed them and the fact that you posted on this thread means they get some level of publicity. As a result they will likely get some additional level of business by engaging in this kind of activity
42  Economy / Speculation / Re: Is The Dumping of Stolen Coins Causing BTC Price to Fall? on: September 21, 2014, 07:47:53 AM
Well you still have 3600 coins mined every single day. Maybe half of those are sold. If there's no demand for 1800 or so daily, meaning ~$1m new buys per day, the price must come down.
You could easily say the opposite as well. There is demand for bitcoin by a number of people, mainly by people who are wanting to start using it. I would argue that the price declines are merely the result of "normal" price cycles of a maturing currency
43  Bitcoin / Bitcoin Discussion / Re: Shipping Companies as Escrow Services on: September 21, 2014, 07:44:44 AM
Would UPS and FedEx be in a good position to become bitcoin escrow services? 
Yep. You can use your imagination to see what will happen with their position. Their profits maybe won't get a way higher, but they will become very popular.
They are already popular. Even more so when you consider the fact that USPS has a monopoly on being able to use mailboxes that are attacked to every house in the US.

A company generally does not care about how "popular" it is, their main concern is their overall profits, so if their profits will not increase then they will likely not enter into this business.
44  Bitcoin / Bitcoin Discussion / Re: Reddit Blocked Our Pro-Bitcoin, Anti-Banking Site BanksWorstFear.com - entirely on: September 21, 2014, 07:32:20 AM
If I recall correctly...

Recollection incorrect.
from: https://bitcointalk.org/index.php?topic=765470
For any user who simply submits a link about the bitdrop to our subreddit I'll give you $0.25 of free bits.

simply google search or whatever, find a link that hasn't been posted yet, submit and post your username here with btc address

To remain anonymous you can message the moderator on the subreddit with the info or PM me here
You were paying people for posting links about your bitdrop. I am not sure what the percentages of the pages that were posted from your domain but I would say it would be a lot/most of the posts you paid for.

If you read the next paragraph you will see that it is against the rules to post about your own projects which is exactly what you were doing.
45  Economy / Economics / Re: Fallacy of seeing bitcoin price "Support Levels" only in U.S. Dollar terms on: September 21, 2014, 07:01:07 AM
A lot of folks are talking about bitcoin price support levels at (for example) $411 and $340, applying traditional technical analysis to price charts of bitcoin in USD. Such a cursory notion misses one very important point: Bitcoin is not traded only in America! It is a true world currency, bought and sold by people all over the globe.

And people in Europe, China, Japan, and Argentina all have charts of the bitcoin price in their own local currency that can look significantly different than U.S. charts in dollars. Fiat currencies do themselves go up and down in value with respect to each other, sometimes dramatically -- as has been the case of EUR vs. USD over the past few months.

So, is the support marked by the USD low at $411 of significance at all to the European or Chinese, who see that same date-point on their charts much differently than we do vis-a-vis current price action?  Not at all.  This is a far different exercise than finding support levels on charts of domestic stocks, traded exclusively in dollars, or in bi-currency ratios (like EUR/USD).

I would argue:  Till someone comes up with a FIAT index -- weighted by all the world currencies participating in the bitcoin marketplace -- and we plot BTC/FIAT to see technical support levels from that chart, then all this pointing to BTC/USD levels is but vain and narrow-minded speculation.

Well you have a point, but I would say that even if everyone were looking at the same chart (BTC/USD), its irrelevant
anyway because the market is so thin that technical analysis doesn't strongly apply.  In other words, a single large
sell or buy order is going to move the market, so its more in the hands of fewer players on any given day, and
less in the hands of the collective consciousness of traders who may be looking at S/R levels.
Even thin markets can have support and resistance levels. All these levels are is levels that tend to have strong buying and selling volumes when the price approach these levels.
46  Bitcoin / Bitcoin Discussion / Re: qr code for bitcoin.com on: September 21, 2014, 06:45:41 AM
I don't think many people go around scanning random qr codes. You need to say what it is if you want people to scan your qr code. The most common application would be to show people some small amount of information, but enough to get them interested then have a qr code where people can go get more information
47  Bitcoin / Bitcoin Discussion / Re: BitCoin Scamming Business is Booming! on: September 21, 2014, 06:34:05 AM
lately there is more scams than legit things heh

I agree. More scams then legit businesses.....

Scams will always be there. That is somewhat another color of life.

You don't know what your talking about.  There are legit business adopting bitocin everday.  Please don't mislead others because you're ignorant to the facts.
The Bitcoin scamming business will never be as big of a boom as the Cartel banks scamming business.  But who cares about that right?   Roll Eyes
You are correct to say that there are legit businesses that are associated with and that accept bitcoin. However it is also true that there are a lot of bitcoin related scams out there. The reason for the large number of scams is because of the fact there that it is so easy to hide your identity when dealing in bitcoin so scammers think they can scam without anyone knowing who they really are
48  Economy / Services / Re: Providing phone verification Service on: September 21, 2014, 05:28:04 AM
if you need a phone verification I can provide this service for 0.006 for each verification, pm me
A word to the wise: This is very risky for you. Someone could create an account via TOR on here, then create some account via TOR on some kind of service, pay you .006 BTC, get their account phone verified and then do some nefarious activity with the account that is verified with your account. You could potentially be linked to any crime that is committed with the account.
49  Bitcoin / Bitcoin Discussion / Re: How would you store >100 Bitcoins? on: September 14, 2014, 12:05:54 AM
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
I think as long as you use coinbase's vault service it would be somewhat safe to keep your bitcoin there. I would personally prefer blockchain.info above coinbase, but this is personal preference. I would say that if you are going to keep a large amount at coinbase that you will not need in the near future there is no reason not to use their vault services.


Absolutely not advised. Who wants "somewhat" safe? The only methods you should be using for your savings are multiple offline generated paper wallets (with bip38 encryption recommended) and copies on usb stored in multiple safe locations. Other options include Armory wallet generated offline or hardware wallet like Trezor (use a password and store seeds in multiple safe locations). I use all 3 methods.

I would say the chances are likely higher that you would either lose access to your bitcoin or have your bitcoin stolen verses potentially loosing bitcoin from having it stored at coinbase vault. I think the chances of each are very low, but coinbase is likely more secure.


HIGHLY disagreed. This is maybe true only for someone who isn't quite sure what they are doing when it comes to paper wallets/cold storage and encryption. Perhaps you need a little education and practice to feel comfortable and secure?

Also, still a chance coinbase can be hacked. (they don't insure all your coins), their site can go down, it takes 48 hours to withdraw, who knows what else could possibly happen in the future leaving your coins with a 3rd party. I would not feel at all safe and neither should anyone else. I also don't suggest anyone recommending CB Vault as a secure method of storage.
During this 48 hour time-frame if you did not actually authorize the withdrawal then you have the opportunity to cancel/stop the withdrawal, you will be notified via multiple ways that you will likely not miss.

If you have control of your private keys and are using some method of cold storage then you could potentially be notified of a withdrawal, however it would be more or less impossible to stop a TX if you did not actually authorize it.


The point is you have to wait 48 hours for your savings...no thanks. And what about the fact that it is a 3rd party, they could go down when you need your money, their servers and backups could be attacked, they could put a freeze on your account (possibly even out of their own will), I don't see how someone could feel assured their holdings are safe on Coinbase. It's just something people who are too lazy to learn a better method resort to. Your argument about stopping a transaction doesn't apply because they woudn't have my private keys to begin with unless the broke into my house, and another house, compiled the encrypted keys and then cracked the passwords to the paper wallets. Take the time to learn proper storage.
The 48 hour hold is for your protection. It protects you in case your account is hacked, so you have a chance to protect your money from being withdrawn from your account
50  Economy / Reputation / Re: Do you think BiPolarBob is crazy ?? *share your deals you did with him before* on: September 14, 2014, 12:04:23 AM
Some people just don't get it... How could he scam anyone? If you see a guy asking for a loan that is known to give out sums of money for no reason, would you loan him the funds? If he asks for money it would be a huge red flag. Until then, he's been giving out stacks of BTC for free. Sounds real scammy to me  Roll Eyes
He always asks for some kind of small payment from you first. He pretty much does not outright give things away for free.

If for example he would come back when he is unbaned and tell people to send him 1 BTC and he will return 3 BTC, how many people do you think will take up his offer? Probably a lot. What do you think would happen when they take up the offer? I am guessing nothing....as in theywill not get anything in return
51  Bitcoin / Bitcoin Discussion / Re: The FBI Finally Says How It ‘Legally’ Pinpointed Silk Road’s Server on: September 14, 2014, 12:00:53 AM
Wouldn't the defense call an expert witness who would testify on their behalf that what happened was illegal though?

What exactly was done that was illegal?
If they don't know what was done, how can they testify that it was illegal?
They can question the FBI agent to get more information as to exactly what happened. If the FBI agent admits to doing something outright illegal then the defense can request that the evidence be thrown out and if the judge declines then the case can be appealed.

If the FBI agent does not admit to doing something illegal but leaves things out of his testimony then he could either be considered to not be credible or the defense could hire an expert witness to say that what the FBI agent is saying happened would not be possible 
52  Economy / Service Discussion / Re: OpenBazaar - decentralized eBay on: September 13, 2014, 11:56:17 PM
I believe that you actually choose which arbitrator and notary will be used prior to the transaction being finalized. If it turns out that the arbitrator is an alt of the person you are dealing with then you will be out of luck.  

I don't understand your reasoning. A decentralized escrow works the same as a centralized one with regards to trust but there is more competition. In a centralized one you are forced to pick one arbitrator, in a decentralized one you either have the choice of only using one arbitrator if you trust no one else just like with centralized ones or you have the freedom to choose a new arbitrator.

The only downside to this is with extra liberty comes extra risks associated with stupid users picking arbitrators that they don't know and have no reputation.  So with a centralized escrow arrangement you may have less dumb users making mistakes but at the expense of higher fees because of less competition and added centralized risks of from attacks from governments (silk road/atlantis), from hackers who may not waste their time targeting an account that is only holding escrow for one person instead of everyone, and corrupt employees.

When you have competition then the escrow will generally want to make the person who drives more business to them happy. If one side of a transaction tends to drive a lot of business towards the escorow then the escrow will have a reason to side with them regardless of the facts
53  Bitcoin / Bitcoin Discussion / Re: Study shows majority of U.S. consumers ‘unlikely’ to purchase and use bitcoin on: September 13, 2014, 11:51:13 PM
translation: study shows majority of US consumers doesnt know how fiat really works.
This, we dont need a study to show people is stupid.
We need stupid people to use Bitcoin, just like how they will use iWatch.
If we have stupid people using bitcoin then they will be likely to lose their private keys or have their bitcoin stolen which would give it a bad name.
To exclude the non tech savvy is to exclude 90% + or the world market and therefore is not practical.

It is more likely, and being implemented now, that the service providers will make it a swipe/scan and pin option the same and therefore with approximately equal security as traditional cards . Xapo has already implemented this for their bitcoin loaded card..They also allege that their wallets/vaults are insured I do not know the terms of that insurance but it is likely that it would be = or better to standard FDIC insurance on bank accounts.This allows them to concentrate on the benefits of bitcoin in order to increase adoption while removing the likely critisism that it would be less secure than traditional fiat cards and accounts.
I don't think xapo is the solution to this problem. The fees charged to merchants accepting their cards are likely comparable to credit cards and thus consumers would not see the benefit of using bitcoin. I think circle may be onto something with their concept.
54  Economy / Trading Discussion / Re: Buy BTC with CC or cashout CC to WU...INFOO please Advise on: September 13, 2014, 11:46:21 PM
It sounds like you are trying to scam someone out of their money. Both bitcoin and western union are both generally not reversible while credit card payments are. This essentially means that the buyer would be able to file a chargeback request that would essentially mean they would steal the money from their counterpary.

Read what he is saying again, before you want to accuse him of wanting to scam someone. His English is not very good but he is not asking for an exchange. He's asking for advice. So chill.

He is asking how he can buy bitcoin with a credit card. He is also asking how you can use a credit card to receive money via western union. He may not be trying to scam anyone on this forum but he is trying to scam someone who is willing to take on this risk

hello
any advise and input on buying btc with cc or cashout cc to wu is appreciated  Wink

there should be a way of buying btc with the mbank cards....or cash out mbank to wu....

any advise by post or pm please

thanks
55  Other / Meta / Male to Female Ratio on: September 13, 2014, 11:42:44 PM
How does the statistics page the male to female ratio of users? I do not remember saying my gender when I signed up for my account, nor do I remember making this designation anywhere on my settings

Code:
Average registrations per day:	213.72
Average posts per day:                 4992.2
Average topics per day:                 222.86
Total Boards:                                 188
Latest Member:                                 Lopzert6
Average online per day:                 342.35
Male to Female Ratio:                         4.5:1
Average page views per day:         786040.31

Source: https://bitcointalk.org/index.php?action=stats
56  Other / Meta / Re: Forum finances on: September 13, 2014, 11:34:09 PM
Donators say their section is dead
I can confirm... since September 1st
 - 2 new topics without any reply
 - 1 new topic with 2 replies
 - 1 new reply in an old topic..

Total for Donator section :
Quote
1130 Posts
105 Topics
Maybe it would not be as dead if more people had access to it. I have heard there are only ~30 VIP accounts and I counted there being 111 donator accounts.
57  Economy / Trading Discussion / Re: Bank account suspended for buying bitcoins? on: September 13, 2014, 11:30:56 PM
Shocked Since when bank will suspending bank account for selling bitcoins thats hard  Angry

Yeah, is there truth in this issue? Anyone knows whats the deal with paypal or if they have released an "official" statement about this one. Ive been reading all about this issue all over btctalk.

I work in banking. Your bank SHOULD NOT close accounts for selling Bitcoin. The US Government classifies them similarly to stocks/property. They are not illegal and myself have bought and sold through my account no problems.

If they make a big deal out of it, go in, sit down and lay out the governments view on it.

Unless your that moron from reddit who wants to sell bitcoin internationally in the marijuana trade, then you're an idiot. Wait til its legal and remove that from your business website.
The issue is not that you are selling bitcoin and depositing the proceeds in your bank account, the issue is that you have a lot of deposits into your account in relation to your overall balance. This makes it looks like that you would be considered to be a MSB which is extremely risky on the bank's side, especially when the account holder is not reporting as such.

I don't think that should warrant them closing the account and not explaining why they chose to do so.  If I open an account I'd expect their to be some kind of clause in the contract that wouldn't allow them from doing such things.  I'll bet what there doing is illegal in one way or another but nobody really complains, they probably feel it is not worth the hassle and worry about it affecting their future accounts. 
You would expect wrong because account agreements almost uniformly have clauses that either the bank or the customer can close the account for any reason without cause.

You should remember that a checking account gives banks very little profit. If it looks like you are using your bank account to facilitate being a MSB then you would be causing the bank to take on a lot of risk while have very little potential reward. It simply would not make business sense to keep your account open
58  Economy / Scam Accusations / Re: mashka90 sending phishing links on: September 13, 2014, 11:27:49 PM
Same message but different user:


Ah, so maybe they are targeting people who use email to get notifications of PMs received. They would be less suspicious when they are being asked to login if they are not already logged in and posting/getting PMs.

Another excellent reason to use a password manager such as Lastpass.  I would know something as wrong as soon as my username/password was not filled in automatically.
I am paranoid about those kinds of programs as I am afraid that someone could find a weakness in the program and steal all my passwords.
59  Other / Politics & Society / Re: iCloud Nightmare - Hacked! on: September 13, 2014, 11:22:58 PM
Reddit is accountable to the US government. If there are copyright/trademark claims against certain images hosted on reddit then they could be held liable or copyright/trademark infringement. This is why these kinds of images are more widely available on torrents because it is much less efficient to go after a large number of people who seed torrents.

If it is so, then they should move their head quarters some neutral nation and move their servers there.
Copyright is the rule of law. There are very few countries that do not respect copyright laws. There are even less so that would be able to support the massive infrastructure required to be able to run a site as big as reddit.

Also following the law as reddit does, gives it a certain level of legitimacy which is one reason why people go to it for news and to post
60  Other / Politics & Society / Re: 911 - A Conspiracy Theory on: September 13, 2014, 11:19:54 PM
I've seen a few of the 9/11 conspiracy videos and there is a lot of questions that I feel need answers.  Problem is people like to jump to conclusions and be very narrow minded at the same time which makes it very difficult just having a meaningful conversation on the topic.  Let alone get any real answers or opinions on the hard questions.
I agree with this. Conspiracy theorists generally feel very strongly about their theories, but they seem to have even more strong feelings about the 9/11 potential conspiracy theories. Possibly to the point of a mental illness
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