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701  Economy / Trading Discussion / Re: Intersango still holding on to customers money on: January 19, 2012, 06:46:28 PM
+1 on the guys being trustworthy.

It's only affecting the UK account:
Account title
    Interteni LTD
Bank
    Lloyds TSB
Account number
    47148668
Branch sort code
    30 64 57


LloydsTSB can't accept complaints from non customers on the phone so the address to write to is:

Customer Care
LLoydsTSB
125 Colmore rd,
Birmingham
B3 3SG


You can also complain to the bank you sent the payment from who will in turn complain to LloydsTSB.

I've lost a lot of cash to this. The payments haven't been bounced back.
702  Economy / Services / Re: Fix my 5970 on: January 18, 2012, 07:15:01 PM
i've not experience with this but,

 Wild guess, sounds like the fans fell off... Or the heatsink, didn't cool it and now it's fried.

Suggest selling in goods as faulty as perhaps someone has the same card and wants to take a gamble solding another dead card together

 Hope this helps.
Ebay dead stuff otherwise, give someone thhe chance to fix something
703  Economy / Services / Re: Bitcoin Awareness in London! on: January 18, 2012, 07:09:00 PM
hoes and pornstars with flagship website debut demonstration site!

Pimps and fluffy suits!
704  Other / Off-topic / How do the exchanges interface with the banks? (intersango example) on: January 17, 2012, 11:04:51 PM

(Filed under offtopic as I can't see a section for Tech&Dev for stuff outside bitcoind)

I'm trying to figure out how the exchanges interface with the banks.

In:
http://gitorious.org/intersango/intersango/blobs/gbp/bank/import_csv_hsbc.py
from:
http://gitorious.org/intersango/intersango/trees/gbp/bank

I can see that a .csv file is imported and then parsed with:
http://gitorious.org/intersango/intersango/blobs/gbp/bank/parse_deposits_hsbc.py

So I'm thinking...
 does the exchange owner have to export a .csv file every day?

 I can't figure out how the LloydsTSB code does it; I'm not a programmer in any shape or form.

 And for this matter...
is a merchant bank technically essential for an exchange? Perhaps an exchange could receive payments as bank deposits (because non reversible-ish) but payout by another method. Legally a silly thing to do maybe... I don't know, but interesting to know if it's possible. I guess you could even have a one way exchange... assuming taking payments is seen by banks as not suspicious. I'm just thinking about all the hassles the exchanges have had and wondering where those result from.

 2 more questions regards exchanges:

1) Is it true that all USD wire transfers have to go through USA along with identity info, even if it's miles away from the USA, like Singapore?
2) Is there a way to link exchanges together... or perhaps for a bigger exchange like MtGox to do a large trade of Bitcoins for USD on another exchange for example. Many smaller exchanges have the problem of scale.
705  Bitcoin / Bitcoin Discussion / Re: Ebay-like websites with Bitcoin: Why haven't they taken off? on: January 16, 2012, 06:00:00 PM
we need a meta site that searches many auction sites including ebay to break the monopoly(ebay) and associated monoplolies(paypal)
706  Bitcoin / Bitcoin Discussion / Re: Intersango UK banking issues on: January 16, 2012, 05:53:58 PM
from uk deposit page:

"UPDATE JAN 16th The account manager has confirmed that this is a technical glitch and he is
looking to get it fixed."
707  Bitcoin / Bitcoin Discussion / Re: What is stopping Gov't from starting their own blockchain... on: January 15, 2012, 09:10:14 PM

 I think this is one of the big threats to Bitcoin.

CentralBank (not to be confused with gov) see Bitcoin,
 decides if you can't beat them, join them.

Starts own blockchain,
possibly premines a load...
 and tweaks the protocol to thier advantage while...
buying up a load of internet connectivity structure.

 It's a threat, yeah.

Fortunately it seems unlikely.


 Then again, perhaps the Gnostic religion was right,
there really is an intelligent robot like entity out there that is influencing humanity towards artificial stuff because it's too far to travel here right now. And Bitcoin is it's masterpiece!
708  Economy / Currency exchange / Re: Intersango on: January 15, 2012, 05:01:03 PM
In a few days i'll give intersango a new try... lets see how it goes
I'll post here and at my webpage the review...
***Please be aware, it's not working right now***
Definitely with UK deposits. Not sure about the Euro
709  Economy / Trading Discussion / Re: Ruxum on: January 15, 2012, 03:52:12 PM
You're not missing much:

"An internal server error occurred. Please try again later."
710  Other / Off-topic / Which VPS? on: January 15, 2012, 02:47:32 PM
 I have used Synalabs, which are good but the price is demoninated in BTC and this has been steadily rising. Kalyhost were also good.

 What's your experiences with other providers?
https://en.bitcoin.it/wiki/Trade#Dedicated.2FVirtual_Server_Hosting

 - secure and private enough to trust with Bitcoin spending money
 - only a bit of bandwidth needed, but can always upscale if needed
 - yet cheap
 - not USA if possible (legal crap)

 -j
711  Economy / Economics / Re: Investing in BTC to Preserve Wealth - Silly or Practical ? on: January 15, 2012, 01:18:05 PM

It's not that simple in real life when shit hits the fan. You come to that same guy with a chunk of gold instead of the piece of paper, to get some goods or to arrange for border crossing.  Guess what happens next...

Unless your situation is really (rarely?) special and unique, a bar of gold will often help you about as much as a brick.


You cannot be speaking from experience, this is purely your opinion. If we look back historically, gold has always been valuable, even in the very worst situations. Hence the saying "as good as gold". Only a global disaster of epic proportions could effect gold's fungibility, IMO.

Why do you assume that gold will only be traded in bars? There are American eagles, Canadian Maples, and other official coins that are not only valued for their gold content, but also have numismatic value and are backed by the authority of various governments.

I'd like to know how people with gold got on during WWII
712  Other / Beginners & Help / Re: how to avoid fees on small transactions. on: January 15, 2012, 01:11:03 PM
i hope the fees can scale according to btv value and decimal point placing...
713  Economy / Currency exchange / Re: Intersango on: January 14, 2012, 06:27:24 PM
"UK Transfers

UK transfers received on or after the evening of the 9th will be delayed.
Transfers made now will bounce back to your account.
Jan 12th: We will be meeting with the account manager tomorrow.
Withdrawal requests will also be disabled.
Jan 13th: delay will be at least until monday"

SEPA might be an alternative
714  Bitcoin / Project Development / Re: Intersango exchange (formerly Britcoin) on: January 12, 2012, 06:02:20 PM
I lost £100 to them last month (said it was recieved but still haven't credited) and the £500 I sent 3 days ago still hasn't been credited.

I suggest steering clear for the moment.

edit: They also overpaid me about £900 a few months ago, which I paid back.

I greatly appreciate the service but I recommend other methods to trade.
715  Economy / Economics / Re: Double Simultaneous Economies - Are they possible? on: January 10, 2012, 06:33:27 AM
this is basically cuba.
Go there! It's amazing. You can preview many of the advantages and disadvantages.

A big problem they had was separating the markets. It's basically impossible.

Such a solution would need to be as immovable as the bitcoin protocol. It would have to be expressable as a formula.

What about taking it the other way?
The other way is to aggressively enforce capitalism. That is, to provide no social care in any sense. A bit like living in somalia it would be a warzone unchecked.
But here's my philosopy on that:
- if capitalism is the only way because it infects everything then when does it fail?
A: lack of leadership. Clearly the markets fail in so many ways. They shouldn't. Would the market come up with solutions eventually? Is this why america rules the world and is it any coinideance that a market liberised china is thought to be taking over?

There are some things in life we all deserve it seems. The one that gets me is shelter. Every month we pay rent or are linked in some way to something similar. It never used to be like that. This land used to be free to use. Have you ever not needed to pay rent? It's amazing how free we feel.
But it's an illusion because rent is more than just rent. For every renter there's an investor.

I don't think the answer is 2 separate markets.

I think the answer is either to drop capitalism (live in a monestory),
Or to address the market.

The market is very weak in so many ways. The problem areas that the market gets blamed for are that areas where the market has been barred. For example:
1) doctors pay (qualifications ringfencing)
2) politicians (accepting bribes is corruption etc)

So i argue that the answer to one might be to have a public record of performance, much more information, easier choice and no monopolies. Patients are free to choose unqualified doctors.

The answer to 2 might be simply voting purely with money!

Socialism is not the only idea at odds with capitalism. I think the republic might be too? (the justice system)
716  Economy / Economics / Re: The early-adoptor unfairness on: January 10, 2012, 05:57:52 AM
regardless of what you think on early adoption i have spoken to average people and that is the critism they make. 
It's a fair critism and it's even acknowledged with the built in inflation in the protocol, is it not?

The only answer i can give is that it's a fair critism but exagerated. The advantages of btc outwiegh this.

Trying to say 'it will rise more' in all it's forms for me only feeds into ponzi scheme likeness, but this is what gets people most; blinded by greed they argue one thing but as soon as they stand to make some money they sell out on thier values!

+1 on pointing out early adopter risks, most people didn't relise they were spending electric on bitcoins else they wouldn't have mined so it was mostly dumb luck... And many had the hardware anyway.

A good title for a blog entry: "the million dollar pizza".

The point of this thread is to say that the early adoption problem is still there
 -bitcoin has solved the centralisation of money but that's all.
Speculation and debt (especially compounded) are 2 more of the biggest monsters to humanity and btc doesn't address that. It also doesn't address network clumping.

I've said it before and i'll say it again;
Bitcoin is a revolution but it's still only money.

Those problems of debt, speculation and clumping effect all our lives. I firmly believe that if it wasn't for this we wouldn't need to go to work every day.
717  Economy / Service Announcements / Re: First Brazilian Bitcoin investment group: 6.97% in 15 days! New Group open! on: January 10, 2012, 05:11:19 AM
Some points to consider for anyone thinking of putting their money in this:

1. The monthly yield equals a yearly ROI of > 180% (the daily profit that was given later equals > 400% yearly ROI). These numbers are ridiculously large.
2. What would you do if you had the ability to do that kind of investing:
    A) do massive amount of work dealing with small investors, and get 0.6% of the profit, or ...
    B) invest your own or loaned money, getting all the profit for much less work?
3. There's no mention of risk, only a promise of at least 9% monthly yield.
4. Vaguely described arbitrage tools that somehow beat the market are a _classic_ Ponzi story (really, there are countless versions)

I admit it's possible that I'm just throwing away my chance to become fabulously rich here, but I think I'll still rather take my chances with the lottery.

Thanks for pointing this out. I am testifying against someone in court for doing just this; they said they were using forex bots when in fact they spent it on a house and horses. It's destroyed families; no one expected it. He's expected to go to jail.
He simply built trust by taking and return deposits knowing that most people wouldn't cash in at the same time much like a bank. They appeared to have a track record of 2%/month and were paying out regularly.
Like this fund it was advertised that currency was traded via statisical arbitridge (bots) but actually this wasn't happening.

What suprised me personally is how someone can do this and fool closer people like family and friends. I know where he lives, where his family lives and i can break thier legs. Plus, when real bot stategies are available for purchase so easily these days why not just do it for real? I think the answer is that he got in too deep, something like that, snowballing. My guess is that he fooled even himself
718  Bitcoin / Bitcoin Discussion / Re: [It's here] The Second Bitcoin Whitepaper on: January 08, 2012, 12:22:04 AM
See this video for plans for OpenTransactions to support Bitcoins in what I guess I would call in layman's terms, a decentralised bitcoin bank (via pooled voting):

http://vimeo.com/28142096

Exciting! :-)

Could this be the start of the mythical decentralised exchange?'

+1
719  Bitcoin / Legal / Re: There is a way we can trade Bitcoin without getting shut down constantly - read on: January 05, 2012, 09:05:06 PM
The £200,000 fee wouldn't surprise me if it includes support of some kind outside a simple drafting of contracts. What does one get for that £200k? If the answer is very little then, seeing as this is Cyprus and everytime I've been there I've been ripped off... perhaps it's about £150k too much from an opportunist.

Good luck, we're all behind you.

 -j
720  Bitcoin / Legal / Re: Customs tax and Bitcoin on: January 05, 2012, 08:40:27 PM
Hang on, where did they get the 2.99 valuation from?

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