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941  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 06, 2012, 04:18:09 AM
From a purely moral standpoint, I think refusing to pay inactive addresses is wrong. It's due payment for past work, it shouldn't be pushed back indefinitely.
No, this is dealing with Extra Credit (EC), not unpaid rewards.

Wait.. do I detect a certain sense of magnanimity in your attitude to this 'Extra Credit'?
Let's not forget that this EC is required to bring the earnings of this pool up to rough equivalency with other pools.
It's surely part of the 'reward' - just shifted in time to even out the luck.

I hope that merely by time-shifting it and terming it as 'Extra Credit' that there is not somehow a perceived lesser moral duty to pay it out??

(when (if!?) the overall pool luck eventually provides the necessary funds that is)
942  Bitcoin / Press / 2012-08-02 assembly.org (Assembly 2012 seminar) - Bitcoin - the future of money on: August 04, 2012, 02:15:31 AM
Video from the Assembly Summer 2012 seminar in Finland.

"Assembly is a four day computer festival, in which thousands of people and their computers spend the long weekend by meeting friends, playing games, surfing on the net, talking on IRC and enjoying the great productions from the demoscene."

Quote
Bitcoin - the future of money

Henry Brade / bittiraha.fi
2012-08-02


https://www.youtube.com/watch?v=EKrfZt3CGN0


943  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 04, 2012, 12:48:16 AM
One of Eligius's advantages is that you can create separate little stashes of 'virgin' coins. I would have thought this an appealing point of differentiation for Eligius against other pools.
If you have to mine to a single address and then transfer coins on the blockchain - you tie these stashes together in the public record.

It wouldn't bother me if payout to inactive addresses was low precedence and slow.. but it should be automatic and complete.
944  Bitcoin / Press / Re: NEW articles in Press Forum on: August 04, 2012, 12:39:45 AM
2012-08-03 smh.com.au - Digital wallets wave in new era
Smartphone technology seeks to revolutionise the way that we live and pay.

https://bitcointalk.org/index.php?topic=98460.0
945  Bitcoin / Press / 2012-08-03 smh.com.au - Smartphone technology seeks to revolutionise the way ... on: August 04, 2012, 12:38:24 AM
Quote
Digital wallets wave in new era
Smartphone technology seeks to revolutionise the way that we live and pay.


Elisabeth Sexton
2012-08-03


http://www.smh.com.au/business/digital-wallets-wave-in-new-era-20120803-23l0f.html

...
Barr says new online currencies, such as Facebook credits or Bitcoin, had not delivered on their touted potential. ''There's lots of innovation and there certainly are some of these alternative solutions that will claim to be lower cost, but it looks like they are also lower value and don't necessarily improve customer convenience,'' he says.
...
946  Bitcoin / Pools / Re: Eligius Miners: [POLL] Proposed changes to Eligius Reward System on: August 03, 2012, 11:01:57 PM
So under CPPSBAM, every time I point my miners to a new eligius address... my old address will effectively be an 'inactive miner' and although the EC credit is there - it's effectively lost to me unless I point some hashing power there again??

Is everyone else just using a single payout address?

Hope I've misunderstood... not liking the way the vote is going.


947  Bitcoin / Press / 2012-08-02 jupiterbroadcasting.com - TechSNAP 69 (brief bitcoin discussion) on: August 03, 2012, 08:15:41 AM
TechSNAP no longer has a regular section on bitcoin - but here they respond to a viewer's email about Bitcoin.


Quote
Bitcoin update

Chris Fisher/Allan Jude
2012-08-03


http://www.jupiterbroadcasting.com/22601/most-vpns-insecure-techsnap-69/

http://www.youtube.com/watch?v=9pp-CPlB8sU  (at 1:06:05)

(the email they are responding to: http://slexy.org/view/s2j5jQSzvm )

...
There are a couple of the dedicated server providers that I use that will accept bitcoins
...
That's part of the reason I'm sitting on some of mine .. is I'm... some day I'll just use them to pay for something
...
948  Bitcoin / Press / Re: NEW articles in Press Forum on: August 02, 2012, 05:05:22 AM
2012-08-02 swmichigan.secondwavemedia.com - What can you buy with bitcoins?

https://bitcointalk.org/index.php?topic=97375.0
949  Bitcoin / Press / 2012-08-02 swmichigan.secondwavemedia.com - What can you buy with bitcoins? on: August 02, 2012, 05:04:44 AM
Quote
What can you buy with bitcoins?

Kathy Jennings
2012-08-02

http://swmichigan.secondwavemedia.com/features/bitcoin0802.aspx

...
Disruptive technology is a phrase often overused these days, but Bitcoins fits the definition. PayPal, Western Union and credit card companies all stand to lose if Bicoins move into the mainstream.
...

950  Bitcoin / Press / Re: 2012-07-26 brw.com.au - PILES OF CASH, REAL OR IMAGINED on: July 29, 2012, 10:46:46 PM
Quote
bringing with it all the associated problems of money hoarding, deflation and depression historically associated with fixed currencies”

Fail, so much fail

To be explicit about some of this fail...   it never ceases to amaze me that the people trot out the 'deflation/depression' "problem" apparently without considering what that implies.
It suggests they are worried about the scenario where Bitcoin is the main currency of entire nations or even the globe.
Really? Their main criticism of Bitcoin is that they think it could be so wildly successful that the 'money supply' will be threatened by its deflationary nature?

To be clear - Due to divisibility, I'm not convinced it would be a problem even if Bitcoin was the primary currency, but people comparing Bitcoin's deflation to historical deflation/depression scenarios seems to be treating Bitcoin as a replacement currency set to dominate the world rather than just another currency or commodity amongst many.
951  Bitcoin / Press / Re: NEW articles in Press Forum on: July 27, 2012, 11:25:31 PM
2012-07-27 arstechnica.com - Australian cops tout arrest of man for Bitcoin drug deal
Tor-based marketplace Silk Road apparently didn't protect suspect's anonymity.

http://arstechnica.com/tech-policy/2012/07/australian-cops-tout-arrest-of-man-for-bitcoin-drug-deal/
952  Bitcoin / Press / Re: NEW articles in Press Forum on: July 27, 2012, 11:24:50 PM
2012-07-27 betabeat.com - Australian Law Enforcement: Use Silk Road At Your Peril

https://bitcointalk.org/index.php?topic=96123.0
953  Bitcoin / Press / 2012-07-27 arstechnica.com - Australian cops tout arrest of man for Bitcoin drug on: July 27, 2012, 11:24:18 PM
Quote
Australian cops tout arrest of man for Bitcoin drug deal
Tor-based marketplace Silk Road apparently didn't protect suspect's anonymity.

Timothy B. Lee
2012-07-27

http://arstechnica.com/tech-policy/2012/07/australian-cops-tout-arrest-of-man-for-bitcoin-drug-deal/

...
The incident highlights Bitcoin's role as the currency of choice for activities at the fringes of society. Last month we noted that in addition to its use in drug markets, Bitcoin has also proven a popular currency for pornography and gambling.
954  Bitcoin / Press / 2012-07-27 betabeat.com - Australian Law Enforcement: Use Silk Road At Your Peri on: July 27, 2012, 11:22:54 PM
Quote
Australian Law Enforcement: Use Silk Road At Your Peril

Steve Huff
2012-07-27

http://betabeat.com/2012/07/australian-law-enforcement-use-silk-road-at-your-peril/

...
If Aussie cops know where your Bitcoins go, who is to say American or European authorities are in the dark?
955  Bitcoin / Bitcoin Discussion / Re: I want to send 50 btc to 50 addresses untainted on: July 27, 2012, 06:15:06 AM
I don't understand how any bitcoins can have collectability without safe transferrability.
Unfortunately - the only safe way to confirm you are the *sole* holder of a particular private key is to perform a transaction on the blockchain to a new private key...  thus ruining the collectible nature of the coins.. right?

956  Bitcoin / Press / Re: 2012-07-26 cso.com.au - Aussie cops: Silk Road TOR anonymity 'not guaranteed' on: July 26, 2012, 02:31:55 AM
*There were no Australian arrests, however the indictment pointed to funds funnelled through that operation that were sourced from Australia via Western Union.*

Ladies and gentlemen, this is how you get arrested!

That's one incident involving the DEA.. however the linked media release states:
Quote
The warning follows the recent arrest of a Melbourne man who allegedly imported narcotics into Australia via Silk Road. The man was charged with 10 offences relating to the importation, trafficking and possession of narcotics and prohibited weapons.

957  Economy / Speculation / Re: Silk Road growing and getting re-designed for the increase of new users. on: July 26, 2012, 01:46:07 AM

If the arrest of a Melbourne Silk Road user claimed here (http://www.afp.gov.au/media-centre/news/afp/2012/july/afp-and-Customs-warn-users-of-silk-road.aspx) is true, then it looks like some of those 'new users' are from Law Enforcement.

I wonder how they took this guy down..   I would have thought police would try to operate a merchant account, although it's not clear to me how they would maintain a good rep  for any length of time, without either shipping lots of drugs - or following up on every shipment to catch all buyers and force them to put in a positive report.
958  Bitcoin / Press / Re: NEW articles in Press Forum on: July 26, 2012, 01:33:31 AM
2012-07-26 cso.com.au - Aussie cops: Silk Road TOR anonymity 'not guaranteed'

https://bitcointalk.org/index.php?topic=95698.0
959  Bitcoin / Press / 2012-07-26 cso.com.au - Aussie cops: Silk Road TOR anonymity 'not guaranteed' on: July 26, 2012, 01:29:47 AM
Quote
Aussie cops: Silk Road TOR anonymity 'not guaranteed'
We monitor Aussie buyers and sellers on Silk Road, says maritime cargo watcher.

Liam Tung
2012-07-26

http://www.cso.com.au/article/431755/aussie_cops_silk_road_tor_anonymity_guaranteed_



There is no guarantee of anonymity for Australian buyers and sellers of illicit drugs on the TOR-encrypted e-commerce platform Silk Road, according to the Australian Federal Police and Australian Customers and Border Protection.

The pair released a joint statement Wednesday pointing to the arrest of one Melbourne man who allegedly imported narcotics via Silk Road.

...
Silk Road trade relies on the virtual currency BitCoin for transactions.
...

Here is the recent press release from the Australian Federal Police regarding the silk road:
http://www.afp.gov.au/media-centre/news/afp/2012/july/afp-and-Customs-warn-users-of-silk-road.aspx

960  Bitcoin / Press / 2012-07-25 various - (regulator hits 'brazillian bitcoin investment group') on: July 25, 2012, 10:39:58 PM
It was only a matter of time before one of the many 'investment schemes' in the bitcoin community got some regulator's attention.

Quote
CVM determina suspensão de veiculação de oferta de fundos de investimento por Leandro Marciano César  

CVM determines suspension of placement offering of investment funds by Marciano Caesar Leandro


2012-07-25

http://www.ultimoinstante.com.br/empresas/fatos-relevantes/77212-CVM-determina-suspenso-veiculao-oferta-fundos-investimento-por-Leandro-Marciano-Csar.html

...
July 25, 2012-The Board of the Securities Commission (CVM) on Tuesday ordered the immediate suspension of transmission in Brazil of any offer to invest in mutual fund or other security by Leandro Marciano Caesar.
...

The Authority found that Leandro Marciano Caesar, through the "Investment Group Bitcoin", had been using the Internet address https://bitcointalk.org/index.php?topic=46721.0; all. application to offer public funds and other investment vehicles.
...


Judging by the machine translation, this report fails to distinguish between Bitcoin - and the scheme run by 'Leandro César' (bitcointalk username)
Quote
CVM proíbe Marciano de vender Bitcoin pela Internet

2012-07-25

http://monitormercantil.com.br/2012/index.php?pagina=Noticias&Noticia=116704&Categoria=ACREDITE

...
The funny thing is that during all this time was to allow the sale of such Bitcoin with the claim "that became a great tool for investment and speculation."
...



Quote
CVM suspende atividades de Leandro Marciano César

CVM suspends Leandro Marciano Caesar
Authority determined that the investment fund does not meet the requirements of regulations

Felix Edilaine
2012-07-25

http://www.infomoney.com.br/mercados/acoes-e-indices/noticia/2506295/CVM-suspende-atividades-Leandro-Marciano-Cesar

SAO PAULO - CVM (Securities Commission) ordered the immediate suspension of transmission in Brazil of any offer for the investment fund or other security Leandro Marciano Caesar, through the Investment Group Bitcoin.
...


Leandro's response is quite enlightening: http://www.bitcoinbrasil.com.br/?p=464

He makes a fair point about the investments and returns all being in BTC - so it is a little strange that the CVM should see this as falling within their jurisdiction - unless they have determined that bitcoin is a 'currency' ?
Also regarding jurisdiction - the offers were made on a non-Brazilian website, in portuguese, not aimed specifically at Brazilians.

Perhaps this is undesirable attention for bitcoin - but an interesting case for sure.
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