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261  Bitcoin / Press / Re: NEW articles in Press Forum on: January 29, 2013, 11:38:06 PM
2013-02 Open Skies magazine - goodbye cash – could bitcoin be the paperless future of currency?
262  Bitcoin / Press / 2013-02 skies - goodbye cash – could bitcoin be the paperless on: January 29, 2013, 11:35:23 PM
Emirates Open Skies Magazine
goodbye cash – could bitcoin be the paperless future of currency?

page 70. How Bitcoin is changing the face of the currency system

Noah Davis

Does a new electronic payment system threaten the future of currency as we know it?
Noah Davis investigates the Bitcoin phenomenon and discovers why the future of commerce may already be here  

Initially reported/discussed here:
263  Bitcoin / Press / Re: Decentralized Energy from Gogreensolar on: January 29, 2013, 08:40:39 AM
Improperly formatted title.

Why do you insist the title be formatted correctly? What advantage does this postulate?
common courtesy through uniformity

Well there is that... but also it gives:
proper sort order when you click the subject column
Improved ability to see if a particular article has already been posted.
264  Bitcoin / Bitcoin Discussion / Re: The mysterious bitcoin flower opens once a day and reveals a free bitcoin on: January 29, 2013, 12:16:36 AM
oh wow... I love max min's music,  and I liked the flower - but the bitcoingem just seemed icky.
Interesting to see he refunded the last 2 buyers though... quite a loss for him then I guess! :/

265  Bitcoin / Hardware / Re: The bASIC Refund Tracking Thread on: January 28, 2013, 05:04:53 AM
That nonreversability of bitcoin transactions sure is a great advantage for everyone.

Ultimately - yes.
That the trust equation between merchant and customer is inverted in favour of merchants is hardly some secret that we're just now saying "gosh.. didn't see those issues coming!"

In the short term it's disadvantageous primarily in a PR sense.
I'm old enough to remember some of the early skepticism around the idea that the average consumer would ever be willing to buy things 'over the internet'.
It wasn't entirely clear about who bore the responsibility for fraud and what level of consumer protections would be required to make people comfortable with e-commerce.  Ultimately - we pretty much got a one size fits all system - and pay for it whether we need it or not.

That some of us choose to sometimes risk using raw uninsured BTC transactions.... and that sometimes it will backfire... doesn't make a good argument against the property of irreversibility.

You can build a reversible payment network on top of an irreversible one - but not the other way around.

266  Bitcoin / Bitcoin Discussion / Re: The profile of a Bitcoin User on: January 28, 2013, 04:00:24 AM

  • Like conspiracy theories

I hate conspiracy theories.. and I don't know why you'd cast that aspersion on the Bitcoin community... unless you have some agenda to paint us all as nutballs so you can sideline us in economic debates.
What bank do you work for and just why are you 'profiling' us anyway!?

Anyway - for your dossier - the rest of it was pretty much correct for me - though I might just sneak into the x% of 'elderly' Bitcoiners!
267  Bitcoin / Hardware / Re: The bASIC Refund Tracking Thread on: January 28, 2013, 12:37:50 AM
CC Refund received!  Thank you Dave... and thank you Tom, for in the end, doing the right thing in a difficult situation.

My refund was requested  on the 14th Jan and funds came through today.

I lost 5.9% ...  presumably due to exchange rate between AUD & USD.

Edit: I'm hopeful all BTC payers will be refunded too. It would be another nasty data-point against Bitcoin if the CC payers were refunded but not those paying in BTC.
As far as the order of refunding goes - I suspect CC refunds are a priority because in some cases there are fees levied upon the merchant if the buyer does a chargeback.  If these are somewhere around $30 - $50 a pop - then I'm sure Tom would be wanting to get the refunds happening before more chargebacks roll in.
268  Economy / Marketplace / Re: - cool vinyl wraps with free worldwide shipping. From just 1.5BTC on: January 26, 2013, 04:58:40 AM
I'll buy one of these if I can do it with Bitcoin, but I don't see any Bitcoin options in the payment section Sad

269  Bitcoin / Press / 2013-01-24 - The Rhino Horn Crisis and the Darknet on: January 25, 2013, 05:42:48 AM
The Rhino Horn Crisis and the Darknet

Derek Mead

While .onion has been around since 2004, the creation of the anonymous currency Bitcoin in 2009 helped give the .onion web a reputation as a marketplace for all kinds of illicit goods.

I wrote him back asking how exactly he makes such massive transactions with strangers online, and found that bitcoin escrow services are a real thing, which does open up the possibility for trading ridiculous amounts of bitcoin with at least some sort of guarantee. He never responded to that query, but followed up by saying he had an offer for two of the horns.
270  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: January 24, 2013, 10:20:36 AM
Let's make some bot to keep this thread alive forever (by means of a post every few days), so it no longer indicates anything Tongue.

..or we could just wait til the bots post here of their own accord.... then it'll be the bots who are the new wealthy elite:

"Bitcoin the enabler - Truly Autonomous Software Agents roaming the net"
271  Bitcoin / Press / Re: 2013-01-23 - Ripple, a Peer-to-Peer Financing Network, Coul on: January 24, 2013, 09:58:20 AM
Perhaps I'm misunderstanding.. but in my experience - debts with family and friends are not fungible.

e.g settlement may need to occur fairly quickly with certain friends in order not to really strain things - but may have an entirely different timeframe with other friends or with a family member.

I'd be interested to know how,  Ripple handles this.   
Is it just that you need to always only give such tiny credit amounts that the debt period is easier to be kept short?
Even so - one can imagine certain hypersocial types amassing a large total debt, and waves of bad credit in some circles.

It seems Ripple is something I'll need to play with in order to 'get' - because intuitively it seems creepy. Anyway - it annoys me when people make ignorant comments about Bitcoin, so I should probably shut up about my unease with Ripple until I've tried it!

272  Bitcoin / Press / 2013-01-23 - Bitcoin casino on track to earn nearly one millio on: January 24, 2013, 06:02:52 AM
Bitcoin casino on track to earn nearly one million per year

Mike Flacy

Definitely one way to experiment with your current supply of bitcoins, at least one bitcoin-accepting casino is hauling in tons of the virtual currency.
Covered by Arstechnica this week, bitcoin-accepting casino SatochiDice appears to be pulling in significant profits from a popular online betting game that utilizes random number generation.

273  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: January 24, 2013, 05:13:52 AM
Oh dammit.  Resurrection of this thread is one of my 'overheated' indicators....   and I was so enjoying the ride up too! :/
274  Bitcoin / Press / Re: 2013-01-23 hasgeek - Aaron Koenig - An Introduction to Bitfilm and Bitcoin on: January 24, 2013, 03:33:19 AM
Aaron makes a small mistake about mining at around 55 minutes... saying that at some point there will be no more bitcoins - so no need to mine.
He seems to correct that somewhat by saying the business model for miners will shift to transaction fees though.

275  Bitcoin / Press / 2013-01-23 - Ripple, a Peer-to-Peer Financing Network, Coul on: January 24, 2013, 02:18:40 AM
Ripple, a Peer-to-Peer Financing Network, Could Make Bitcoin Great (Or Destroy It)

Alec Liu

Until now, one of main flaws of bitcoin is that still relies on centralized exchanges.


These confidence-sapping breaches have hampered bitcoin's spread and made ordinary people wary, leaving the crytpocurrency banished to the nether-regions of the ‘net where it’s used mainly for drugs, sex, and generally dark arts, like child porn and Craigslist hitmen.
A concept called Ripple could change all of that, by essentially turning us all into our own banks, Facebook-style.

The marriage will be official in a few weeks when the latest version of Ripple is released, which will include a built-in exchange platform, according to Jed McCaleb, who was one of the original developers of MtGox.

There’s one caveat: Ripple could conceivably destroy Bitcoin, if it ever got successful enough.
That’s a big if. More likely, the two alternative finance systems will continue to complement each other and ultimately find their own niches.
276  Bitcoin / Press / 2013-01-23 hasgeek - Aaron Koenig - An Introduction to Bitfilm and Bitcoin on: January 24, 2013, 02:14:45 AM
I haven't finished watching this - but so far Aaron Koenig seems to speak very well and gives a good intro to Bitcoin.

Aaron Koenig - An Introduction to Bitfilm and Bitcoin

Aaron Koenig

Aaron Koenig gives a talk on the creation and use of Bitcoin, a new digital currency, and on a payment system designed for the voting process of the Bitfilm Festival for Digital Film. Since the year 2000, the Bitfilm Festival has been showcasing films that use digital technology in a creative and innovative way. It takes place on the Internet. However, physical screenings of the films will be held in Bangalore and in Hamburg. Each of the 59 nominated digital animations has its own Bitcoin account, and users worldwide may vote by donating Bitcoins to the films they like anonymously and without any transfer costs. The donated money will be divided among the most popular films (the films with the most votes/Bitcoins).

Aaron will presents an animated short about Bitcoin which he has produced with an animation team based in Bangalore. Of course, the animators were paid in Bitcoin.

More info on the Bitfilm Festival:
More info on Bitcoin:

Aaron Koenig
Aaron is the Managing Director of Bitfilm. He has run the organization since 1999. He is a vibrant member of art and film societies and an Entrepreneur. Currently engaged with, Aaron also publishes a political magazine called BLINK.
277  Bitcoin / Press / 2013-01-23 - BitCoin Casino Earns Over £50,000 A Month on: January 24, 2013, 02:10:22 AM
BitCoin Casino Earns Over £50,000 A Month
Online gambling boosts the virtual currency ecosystem

Max Smolaks

BitCoin offers many benefits over traditional currency: instant payouts, transparency and the novelty of BitCoin-based games. In addition, the virtual money can be transferred without any transaction fees, cutting out the middleman and resulting in bigger jackpots.
278  Bitcoin / Press / 2013-01-23 - Online Casino Makes Over 500K, Skirting Laws With Le on: January 24, 2013, 02:08:50 AM
Online Casino Makes Over 500K, Skirting Laws With Legally ‘Gray’ Digital Currency, BitCoin

Gregory Ferenstein

Online casinos are finding a second chance at life thanks to an alternative digital currency known as Bitcoin.
While Bitcoin has stabilized against the U.S. Dollar, the currency is still a risky bet (no pun intended).

Stabilized eh?
279  Bitcoin / Press / 2013-01-23 - Bitcoin-based casino earns nearly $600,000 profit in l on: January 24, 2013, 02:07:05 AM
Bitcoin-based casino earns nearly $600,000 profit in less than a year

Shawn Knight

Of course these figures are nowhere close to what a real-life casino would turn but it’s not bad for eight months worth of work as a startup.
280  Bitcoin / Press / 2013-01-23 - Bitcoin casinos report large profits on: January 24, 2013, 02:05:39 AM
Bitcoin casinos report large profits

Cory Doctorow

Bitcoin-based casinos are reporting pretty serious, six-figure profits on a series of games wherein players' apopheniac tendencies cause them to hallucinate non-randomness in the performance of a pseudorandom-number generator.

Love that first sentence!
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