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981
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Bitcoin / Development & Technical Discussion / Re: Changing the miners transfer fee and amount of coins?
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on: July 20, 2012, 11:48:03 PM
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If the bitcoin value keeps rising over the coming months to up to and over $20.00 a coin then each BTC0.0005 transfer fee would equal $0.01 and above. Talking about bitcoin having free or very low transfer fees wouldn't it be best to move the decimal place and make a bitcoin instead of worth $20.00 a coin but to $2.00 a coin keep the transfer fee BTC0.0005 and have 210,000,000 coins in total instead of 21,000,000 coins.
how about just change the default tx fee (as has been done in the past)? |
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983
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Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome.
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on: July 18, 2012, 10:26:16 PM
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if the forum is down, email admin @ payb.tc
Another idea would be a "contact us" button at bitcoinmax.com (next to the forum link?)  the thing i'm a little afraid of there is that, at the moment only forum members can contact me. if i open it up to non-forum members contacting me, i'll have to have all my scripts in place and as much automated as possible so that i can create accounts / do withdrawals with 1 click, etc. |
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987
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Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome.
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on: July 18, 2012, 08:52:27 AM
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i'm risking 100 BTC of my own coins to make 2% per week on it. <- this is the part that doesn't make sense to do this... when i could just get the full 7% from BST with the same risk level by depositing 100 extra into my account.
Actually you might even sell insurance on Pirate's default without risking a single Bitcent of yours: just selling partial insurance (like the 30% from PPT-x), covered only by the fees you collected up to that moment (and ideally invested in some of the most safe assets on the GLBSE -but not in anything Pirate-related). The advantage for you is that you would take your cut anyway to pay for your work and time, and, if Pirate do not default, all the insurance funds remains yours. For your clients, the peace of mind without the trouble of diversifying their investments themselves might be more than enough. sorry if it's harsh, but i've high-lighted the words that stuck out for me when reading that. i know that one of the things people like about bitcoin max is not having to deal with gblse, and i can totally understand that, because i don't want to either. i don't have an account there and it seems way too complicated, and to be honest, it seems like too much effort. |
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988
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Bitcoin / Mining speculation / Re: We're 30,300 blocks from the reward drop!
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on: July 18, 2012, 07:06:56 AM
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^ Yes... That's exactly what I said. blockexplorer.com has got it wrong. even though it's only a code-comment and not actual code, that is the kind of statement that can lead newbies to confusion about how things actually work:
// Subsidy is cut in half every 4 years
should say:
// Subsidy is cut in half approximately every 4 years
or
// Subsidy is cut in half every 210000 blocks which will occur approximately every 4 years
Agreed. Though I'm not quite sure how much newbies read source code (or the comments in it). well, i'm sure they read them a lot more when they're posted to this forum. |
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989
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Economy / Games and rounds / Re: 100 BTC trust roulette
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on: July 18, 2012, 05:08:52 AM
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^^ cheers... PM'd someone with an invite to this thread payb.tc, Do you have someone in mind or are you going to send them back? might just have to send them back, sorry to spoil the fun. for the record, i PM'd Graet, but he must be out weekend partying or something. okay this is a little embarrassing, but i just realised today that i accidentally got Graet  mixed up with CIYAM Pty Ltd  both grey-beard aussies, and apparently both about the same age. i'm fairly sure Graet is a trustworthy guy anyway, but that could have been an expensive mistake. probably a good thing that i sent the coins back to burt! |
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990
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Bitcoin / Mining speculation / Re: We're 30,300 blocks from the reward drop!
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on: July 18, 2012, 03:56:51 AM
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First block with 25 BTC reward is not 209999, it's 210000. Code reads: int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 50 * COIN;
// Subsidy is cut in half every 4 years
nSubsidy >>= (nHeight / 210000);
return nSubsidy + nFees;
} Only 20405 blocks to go now! First 25 BTC block will probably be mined at: 2012-12-06 21:40:54 (GMT+2) even though it's only a code-comment and not actual code, that is the kind of statement that can lead newbies to confusion about how things actually work: // Subsidy is cut in half every 4 years should say: // Subsidy is cut in half approximately every 4 years or // Subsidy is cut in half every 210000 blocks which will occur approximately every 4 years |
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991
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Economy / Digital goods / Re: Domain: Litecoinica.com For sale!
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on: July 18, 2012, 03:12:30 AM
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[milton:~]$ whois litecoinica.com | grep -m 1 'Creation'
Creation Date: 13-jul-2012
It's true. No time like the present huh? I'm surprised someone didn't think of it sooner myself. hehe, apparently i thought of it on the 4th but didn't purchase... quoted from the LTC PPT thread: it would be good if deposit/withdrawal was in LTC, but you just have to manage the exchange risk somehow.
...and that would all be a lot easier if there was a litcoinica.com for shorting LTC.
perhaps you didn't find this in a forum search because i forgot the e. |
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995
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Economy / Speculation / Re: Rally!!!!!
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on: July 18, 2012, 12:13:00 AM
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Nobody wants to sell.
the unprecedented number of withdrawal requests i got last night says different. it can't just be a coincidence that they're all withdrawing after the price goes up. i'm sure it's taken a lot of people by surprise; people that are still in the process of getting their coins into gox. |
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997
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Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome.
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on: July 17, 2012, 09:46:19 PM
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Are deposits automatically entered into the system, or do we have to let you know each time we send one? I sent 20BTC about 40 minutes ago and it still isn't showing up in my online account.
i have the same question. also are there any limits on additional deposits? could i send amounts less than 1 BTC? as stated above, deposits are automatic (using blockchain.info's api) your second question is answered in the FAQ... if i've already set you up with a login, your additional deposits can be as little as 0.00000001 if you like. |
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998
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Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome.
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on: July 17, 2012, 09:41:32 PM
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and then may not be able to pay you in the case of a pirate default. Unless he has other funds he's willing to risk.
That is the whole point: would payb.tc risk something betting against a Pirate default? i already kind of am; by having some of my own coins in BST. there is no incentive to do insured accounts because let's say you wanted to deposit 100 BTC fully insured for 5% per week. in order to earn interest on those coins, i'd have to have them deposited with BST (eg. at 7%). to fully guarantee your coins, means i'm personally putting 100 BTC of my own money at risk. therefore, i'm risking 100 BTC of my own coins to make 2% per week on it. <- this is the part that doesn't make sense to do this... when i could just get the full 7% from BST with the same risk level by depositing 100 extra into my account. |
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999
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Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome.
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on: July 17, 2012, 09:32:26 PM
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Are deposits automatically entered into the system, or do we have to let you know each time we send one? I sent 20BTC about 40 minutes ago and it still isn't showing up in my online account.
this can happen if blockchain.info's api is down. please log out and try again now and let me know if it's still not showing up. all accounts are fully checked for new transactions just before the payouts are done anyway, so you'll get the right interest calculation. |
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getting late now.
