A couple of PPCoins would be really handy! PVUoD1xXJdiVGZTMnBTq3Sp6Q1AaSWsM3q

I used to have >$100k and pretty much lost the lot.

The thing is to not let it put you off but at the same time learn from it.
Try to remember that actually losing real cash is different than anything you read in a book. When the reality sets in on what it means then we really understand what those numbers on the page actually mean to us. From that point on we set a motive on checking those BTCJam listings etc and exercising some discipline.

Most millionaires have been bankrupted or close and come back from it, not letting it keep them down.

I think in your case it sounds like you overspent and undercapitalised. You're in common company there - that's what kills most startups.

rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B?dt=4397

probably the wrong place to post it but here goes. Had a situation today where I couldn't get connected:


^ this happened when I switched from lite to qt and stried clicking the red circle to try another server.

To get around this I had to start with gtk on the commandline and the click red circle and was able to switch to another server. Now working.

This was on the out od date version 1.5.8... but I thought I'd share anyway.

Out of interest, how far did the spend get before the 0.8 chain went dominant? I take it that it didn't even get to 1 confirmation? How many confirmations was OKPay requiring at the time? 6 confirms at gox annoys me so it's a useful case study.

 I always like Ripple and it's great to see it finally being used.

A few things though.

1) It's supposed to be decentralized and thus protected.. but only coinInc has most of the XRP at the moment, so we are going through a bootstrapping situation... but unlike Bitcoin which had an early adopter and proof of work setup we aren't a messier distribution?

2) The interlinking still makes me nervous even with the instant IOU cancelling out possibility. I'd like to see an example of this with say 3 of us users. For example, Barclays is the most connected company in the world so what can we do if we wanted to get rid of them?

 Another way to describe Ripple is to call it a bit like digital Hawala.

Am I right in thinking XRP aren't intended to have massive worth in of themselves and are instead intended just for use in stopping spam? -or are XRP actually valuable? Do they have a price now? -even with a big entity holding the cards and flooding the market regularly (and hopefully can continue)

r82ovvXckDPTbJ7adQxqQ38dQ7MWXXW3F

well, not dedicated but I don't see why currency houses don't offer it, no?

 Just wondering what might be the most cost effective method for cashing out MT Gox codes or coins? Either way there seems to be a charge to send the cash at the source bank, be that Gox or another exchange, then depending on the routing it may go via an intermediary and you get another charge so it could be 2x£30.

 Direct exchange on OTC is of course always a good option. But it's nice to know about the automated ways too.

1) Use the browser/vidalia Tor bundle
2) set electrum proxy to 127.0.0.1:9050
- can't remember if it's http or socks. To get the proxy option you need the "classic gui" and click on the green circle bottom right

This ain't Bitcoin. This is banking.

Add to list:

- network effect reduction (Barclays is the most connected company in the world that can't be brought down without damage... Mtgox is...?)
- speculation mitigation; build exchange with another currency into the network...?

?

Anyone who can do enough of these can rule the world

If you view getting a ASIC via preorder only as an investment then it's a crappy bet. You almost double the money in a month but the certainty that you'll get to do that before others is low. You could be lucky. It's similar to the early investing when Bitcoin was young.

However, if you want a piece of hardware you can run for another reason (getting involved? a decentralised method rather than exchange, bitcoin commitment tattoo) then it's maybe it's worth it.

The worst thing for me about being British is when I go abroad everyone blames me for colonialism. I can't argue with that, since since we're in Libya, Afghanistan, Mali, Iraq... and so it goes on...

I'm ashamed of my nationality and trade it for something else... if the trade-off wasn't too extreme of course (i.e. not penniless and destitute...)

Any relationship here to S3052's newsletter?
(deliberately vague question, open for your interpretation)

Yeah sorry about that, I was actually meaning to cut and paste somewhere else but someone from work came along and I hit submit and closed knee-jerk reaction! :p

re: S3052's subscription. Do not use this service.

If you subscribe you will find the newletters using trigger words and talking up the market deliberately. Then when a crash happens you will be informed too late in the event to profit while S3052 and his chums sell off. By trading off of the recommendations you are basically supporting S3052 gambit.

It's not unfair in the same way all is fair as in love, as in war.

Can I prove this ruse? It's always difficult to separate cause from effect but I believe I can. However, it would take a lot of work to show conclusively to a scientific level. Once exposed, the mistakes in giving himself away can be further covered up. 
This is a different kind of accusation we had last year whereby I couldn't be sure.

The benefit of the situation is that those bumps we've seen in the last 6 months - all from S3052's newsletter. It goes to show that it doesn't take much still to influence this market. It's getting better (I think this is due to buy and hold/forget that you get from people who just want to know they always have some cash - something harder to see with gold under the mattress) - but this is still a threat for Bitcoin. Fortunately the swings aren't as massive as they used to be but it shows that one actor can swing the market.

Money has a number of problems. Bitcoin addresses inflation and centralisation. But it doesn't address the network effect or speculation.

Q: How do we address that? Can an exchange be build into the currency itself to try to slow and mitigate price swings?
Q: How was the S3052 newsletter in the early days before it become popular? Did he (I think it's a he) admit any mistakes?

UK based so UK postage make sense. Some Scottish, some Chinese (who cares anyway - I'd prefer raw scrap if I could get it!)

Can't confirm if they can be used to kill vampires. Bit pricey for lobbing at goths. You might need to forge them into bullets

My that's an array of coins Fuzzy! Would be handy to somehow get a small selection of those without the hassle of downloading software etc

Just want to say thanks Lucif.

I've been very tempted to speculate on btc wildly right now. It's great to see an alternative analysis to temper a bullish opinion and this is much appreciated!

This, combined with a Mencius Moldbug "How Bitcoin Dies" blog entry is a reminder to me that we still don't have a convincing p2p exchange. The point in this blog entry they make is to emphasise the importance of psychology of the exchange - that this alone is enough to tank Bitcoin - but I find it suspicious that they use the "0" term for bitcoin in a exchange d-day scenario. I feel a 2-fold+ attack would be required.

It's unfortunate not to see a positive recommendation from the other analysts for anything competing with BTC. It's not good that the other analysts happen to be bearish on gold, silver and stocks. This coinsidence make it look like bias, with the effect of creating the market at swing points.
 

 -j

Not many. Having a clear-out.

Silver rounds for sale. Prefer to sell a few at a time to save on postage, which will need to be registered I guess seeing I only have one feedback on OTC, though years on the forum.