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281  Bitcoin / Press / 2013-01-23 - Bitcoin-funded online casino turned a $572,000 profit on: January 24, 2013, 02:03:24 AM
A spinoff article from the recently reported arstechnica article:

Bitcoin-funded online casino turned a $572,000 profit after six months of operation

Nathan Ingraham

The digital currency known as Bitcoin has recently found a home in online casinos as a way to circumvent the government's crackdown on digital gambling.
While there's no question that these numbers don't come close to the business a standard casino might do, it seems that Bitcoin has at least provided a way for online gamblers to get back into the game. Whether this strategy will clash with Bitcoin's attempts to go mainstream remains to be seen.
282  Bitcoin / Hardware / Re: The bASIC Refund Tracking Thread on: January 23, 2013, 04:56:14 AM
It's almost as if he wants to scare off all his customers so he can have the ASICS to himself.

283  Bitcoin / Hardware / Re: The bASIC Refund Tracking Thread on: January 23, 2013, 03:46:29 AM
these type of threads are BULLSHIT

we have always honored our refund requests but a thread like this basically just kills my business

Ask yourself this question:

Do you want a nice friendly refund as we have been giving or do you want to completely put me out of business?

 because if you completely put me out of business than you are going to have to come to NY to take me to small claims court.

ask yourself this question, do you really want to come to NY to take me to small claims court? or do you just want to wait your turn and quietly get your requested refund as hundreds of people already have. Keep with the mob mentality its only going to keep you separated from your money longer.

this thread is bad for anyone seeking a refund, and the mods need to take notice and remove threads such as this.

this is not good for you. Please stop.

im reporting this to the mods myself - I encourage others to do the same.


Tom - this thread is the direct result of an information vacuum.
What would be good for business is a simple email to those who have asked for refunds to at the very least acknowledge receipt.

The last I heard from your team regarding refunds - was that CC chargebacks were recommended.
I've only held off on that because a) I believe I still have a little time left in my chargeback window
b) I *don't* want to cause your business harm if I can help it.

Fix your tone - and provide more info.  PLEASE.   

284  Other / Off-topic / Re: (something different) Add a word to the puzzle. on: January 23, 2013, 02:59:48 AM

But what is an 'UD' ?
(introduced by hardihood)
285  Bitcoin / Bitcoin Discussion / (US v WEEV) wants to implement Bitcoin donations. on: January 23, 2013, 01:15:41 AM - run by Tor Ekeland PC attorneys at law in New York have responded to my query about why they don't accept Bitcoins.

They've responded that they would like to implement it and asked for some advice.

So far I've steered them in the direction of Bitpay and possibly a wallet.
(Any other intermediaries paying USD worth considering?)

Please check out the story behind this e.g

Andrew Auernheimer is a controversial figure I guess.. but whatever you think of him personally.. the cfaadefensefund seems like a worthy cause to me - so If/when they get set up to receive Bitcoin - please consider donating.

286  Bitcoin / Press / Re: NEW articles in Press Forum on: January 23, 2013, 12:47:28 AM
2013-01-23 - Bitcoin-based casino rakes in more than $500,000 profit in six months
SatoshiDice and bitZino are making waves in the grey-market gambling world.
287  Bitcoin / Press / 2013-01-23 - Bitcoin-based casino rakes in more than on: January 23, 2013, 12:46:48 AM
Bitcoin-based casino rakes in more than $500,000 profit in six months
SatoshiDice and bitZino are making waves in the grey-market gambling world.

Cyrus Farivar

Recently, both SatoshiDice and bitZino released their financials. If these self-reported earnings are to be trusted (and the companies say they are, given that a Bitcoin block chain can be read by anyone), then running a Bitcoin-based casino yields a tidy profit.
There's no denying Bitcoin is experiencing some level of current success.
On top of that, some companies (like WordPress) are even starting to accept Bitcoin despite its questionable legality that's still off-putting to many investors and users. Despite the progress however, Bitcoin observers say the digital currency has a long way to go before it becomes mainstream.

Article also appears on with the title: "Bitcoin-based casino rakes in more than £300,000 profit in six months"
288  Other / Off-topic / Re: (something different) Add a word to the puzzle. on: January 22, 2013, 11:29:39 PM

    A  V  T
    C  I  CHU
    H  D  O
    E  E  I
    O  C

289  Bitcoin / Press / Re: NEW articles in Press Forum on: January 22, 2013, 11:18:00 PM
2013-01-18 - Forget Bitcoin — Is 'Tor' the Best Way to Anonymize Digital Payments?
290  Bitcoin / Press / 2013-01-18 - Forget Bitcoin — Is 'Tor' the Best Way to Anonym on: January 22, 2013, 11:09:36 PM
Forget Bitcoin — Is 'Tor' the Best Way to Anonymize Digital Payments?

Bailey Reutzel

The concept of making anonymous online transactions is in the spotlight because of the prominence of the digital currency Bitcoin, but most consumers remain uneasy with the cryptocurrency's instability and risk. An alternative for the privacy-minded might sprout from Tor, or The Onion Router.

In payments, Tor could enable consumers to make purchases online with bank-issued cards or with systems such as PayPal, while also hiding their location. Consumers might do this to avoid price discrimination, but they would not be completely anonymous.
So what's holding Tor back? For one, it shares many of the stigmas Bitcoin does. Just as Bitcoin has earned a reputation as a tool of drug dealers and other illegal activities, Tor is used to conceal illegal online activity.

291  Economy / Marketplace / Re: Race for the Private Key - Win 10 BTC from on: January 22, 2013, 10:09:50 PM
I had 15 pieces.  Just out of interest.. how many had you released?
292  Bitcoin / Press / 2013-01-22 - Something Is Happening In The Bitcoin World: Up 23 on: January 22, 2013, 06:55:51 AM
Well it's not exactly a press article - but a mention on statspotting seems like a nice way to have Bitcoin pop up on a few people's radars.
(not that it's a major site - but it seems like a cool little site with an economics focus)

Something Is Happening In The Bitcoin World: Up 237 Percent In 7 Months


(entire text)

We just did not want this to go unnoticed – BTC, when priced in USD, has seen a stunning move up – more than three times the value in May 2012 – a movement from 5 USD to 16.8 USD per BTC. That is a more than 200 percent return in 7 months – a solid return by all standards.

293  Economy / Economics / Re: What is bitcoin backed by? My favorite answers on: January 20, 2013, 01:31:22 AM
Bitcoin is backed by demand from greedy geeks.  If you think the world will ever run out of greedy geeks - then you might want to steer clear of Bitcoin.

haha.. only serious Wink

Still.. even if a currency were 'backed' by a gold standard - it's only a political decision away from not being backed by gold... so even such 'backing' is hardly worth much.

Bitcoin's properties, whilst theoretically modifiable via mass consensus, are less fickle than the so-called backing of any other currency system.

So, in my mind, Bitcoin is backed by self-interest and its own inertia.  That could also be said of fiat currencies - but the big difference is who the 'self' is.
294  Bitcoin / Hardware / Re: WOW! Becoin failed to read and comprehend BFL's policy on BTC refunds on: January 19, 2013, 11:27:31 AM
Epic thread of attempts to spark comprehension in the pig-headedly wrong is unwinnable - yet so full of win!

Sadly - I'm adding Becoin to my (very short) ignore list.  The unfortunate thing about people who are impervious to reason, is that earnest efforts to help them come to terms with their lack of comprehension will usually just come across as insults and attacks.  

oh who am I kidding.. insults and attacks are sometimes earned. .. I'm calling it.  OP is just *stupid*!  Move along folks.
295  Economy / Speculation / Re: [POLL] when will 1 BTC be worth 1 oz of silver? on: January 18, 2013, 05:08:03 AM
See? This is why bitcoin will beat silver. The barrier to entry on the silver market is too high! We can't even figure out how much an ounce of silver is! At least we know 1 bitcoin is 1 bitcoin, there are no regional interpretations like, in Canada, 1 bitcoin is actually 1.125 BTC.

well yeah.. except that 1 Casascius Bitcoin will set you back 1.1BTC if you buy 100+ at a time.
I wouldn't part with my Casascius coins for just face value.
296  Bitcoin / Bitcoin Discussion / Re: Shouldn't we start using safer keys from now instead of waiting for problems? on: January 17, 2013, 10:30:57 PM
There is about 5 trillion dollars in currency in the world.
So 2.1 thousand trillion satoshis is PLENTY.

This argument seems to assume that humans will be the only economic actors.
I predict that Artificial Intelligences with Bitcoin wallets will be numerous - potentially outnumbering humans.

297  Bitcoin / Bitcoin Discussion / Re: Paranoia I have not enaugh bitcoins collected yet. on: January 17, 2013, 02:59:08 AM
Yeah.. $1000 bitcoins (at todays spending power) would be exciting, but not thrilling.

If I'm to find a path to true economic freedom it'll require hard work - not just amassing Bitcoins,
but that's probably not such a bad thing.

If Bitcoin grows too quickly - too many great minds might be idling around on beaches and frolicking with hookers n blow instead of building great things Wink
298  Bitcoin / Bitcoin Discussion / Re: Kim Dotcom Mansion: Press conference 2013-01-17 GMT on: January 17, 2013, 02:37:31 AM
Well.. this is something I'd be happy to be wrong about.
I'm looking forward to seeing whether Mr Dotcom is visionary or just, as I suspect, reactionary.

If it's the later - I expect he'll still adopt it eventually...  once other businesses have built up the Bitcoin ecosystem to the point where he can't ignore it.

299  Economy / Speculation / Re: [Poll] How long until $1000 per 1 Bitcoin? on: January 17, 2013, 02:09:16 AM
Right now, we have an internet "currency" that is difficult (or at least cumbersome) for the average person to figure out.  It is hard to move money in and out of exchanges, and history tells us using the exchanges is risky, since many of them have closed up and ran off with peoples money. OTC trades are even more risky.

Once you have your BTC, you have to take ridiculous measures to ensure your wallet isn't somehow hacked.  You can skip this step, but doing that has cost people on this forum a metric shit-ton of money..  

Once you take these security measures, you can finally spend your BTC, if you so chose....but wait! what are you going to buy? The btc market mostly consist of virtual items, black/grey market items, and trinkets...and if you are lucky, the seller will value his "rep" more than your money, and actually sends you the item (or doesn't scam you with a fake item) because there is no way to chargeback.... you could go with escrow, but thats another extra step that shouldn't be needed just to by a bitcoin keychain or whatever.

Add in a poisonous community that scams each other at every given turn (just look at all the ponzis and other scams), and you can see why I dont think this will go anywhere.

I think this is why we're at around $15 rather than $50.

I think its cumbersome nature and main userbase aren't going to be changed anytime soon, and certainly not before scammers run this shit into the ground.

I think this is changing, but even if it weren't - the advent of 'programmable' cryptographic money still has large upside if dominated by sophisticated users as a technical internet phenomenon rather than 'going mainstream'.
300  Bitcoin / Press / Re: NEW articles in Press Forum on: January 16, 2013, 11:53:19 PM
2013-01-16 - Bitcoins: Online Currency’s Uncharted Frontier
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