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101  Bitcoin / Bitcoin Discussion / Re: A little known Bitcoin Faucet on: April 07, 2014, 06:50:11 AM
It's still a gamble to get money right? You never know when people will donate

You don't have to gamble or to invest any bitcoins, just babble a little in the chat room Smiley. I've heard one former bum got enough bitcoins this way to start a new life!
102  Economy / Trading Discussion / Re: Blockchain as stock pumping platform on: April 07, 2014, 06:47:03 AM
Well, if you don't want to discuss seriously, then bye bye.

What serious discussion? You came here preaching me about sins.
103  Bitcoin / Legal / Re: How to argue long-term capital gains? on: April 07, 2014, 06:43:15 AM
It works better when you don't lie about when you acquired the coins.

Everyone is very bold on the internet, can even call someone a lair without risking to get a punch on the chin.

The problem here is how to prove source of coins. An email from Mtgox can hardly be considered a proof (anyone can forge an email). Blockchain evidence is also hardly useful - unlike bank accounts, there is no linkage of bitcoin addresses to SSNs.
104  Economy / Trading Discussion / Re: Blockchain as stock pumping platform on: April 07, 2014, 12:21:41 AM
Does a gabling site scam people out of their money ?

Yes, it does. gambling is a sin forbidden by Our Lord Jesus Christ.
105  Economy / Trading Discussion / Re: Blockchain as stock pumping platform on: April 07, 2014, 12:14:33 AM
Do you stay awake at night thinking about how you can scam people more efficently?

Says someone whose signature pumps a gambling site?
106  Economy / Trading Discussion / Blockchain as stock pumping platform on: April 07, 2014, 12:07:23 AM
I think one of main problems in stock pump and dump schemes is that market participants, not trusting each other, should decide what to pump and when. This is a variant of Byzantine Generals Problem. Often, the solution relies on a leader who tweets stock picks (see stocktwits.com), and if enough people trust him, pump and dump will succeed. But this has a centralization problem: the leader could be tempted sell his picks to paying customers before the announcement is made, or he can be arrested by authorities, because pump and dump is illegal of course.

Now imagine a "pumpdump" blockchain, miners would mine for the solution and for the right to announce their P&D stock pick. Miners are incentivised to select good P&D candidates, because if no one joins, their mining effort will be wasted. That blockchain doesn't have to have a separately valued "coin" associated with it, the incentive here is to get others follow your pick and benefit at the "dumping" stage.
107  Bitcoin / Legal / Re: US tax- how to deduct loss from theft on: April 05, 2014, 11:05:19 PM
That's an interesting question. As strange as it seems, IRS treats investment fraud losses preferentially compared to regular capital loss. For example you can write off more than usual $3000 amount http://cliftoncpa.com/publications/enewsletters/tax/issues/15/InvestmentTheft.asp.
108  Bitcoin / Bitcoin Discussion / Re: A little known Bitcoin Faucet on: April 05, 2014, 12:40:30 AM
Interesting.  Is there a minimum of coins you need to collect before it is sent to your own wallet?

No minimum, but there is withdrawal fee of 0.0001, so I guess you can't withdraw less than that
109  Bitcoin / Bitcoin Discussion / A little known Bitcoin Faucet on: April 05, 2014, 12:33:38 AM
To get free bitcoins (about 0.1BTC is distributed every few hours), go to site JUST-DICE.COM and enter the chat room. This is one of many dice sites, but it has one interesting feature: winning players often donate a portion of their winnings to the so called "rainjar", and there is a "rainbot" running, which distributes coins from the rainjar to random chat members at random times. All you have to do is be present in the chat room and be active, i.e. post a few comments here and there (can be automated I believe).
110  Bitcoin / Bitcoin Discussion / Re: **Breaking news** Satoshi Nakamotos identity revealed on: March 06, 2014, 04:22:26 PM
Does probability theory have anything to say about the likelihood that that this story is true?

For example, assume that the article is not a hoax, and that the hard facts presented within are true.


The relevant probabilities are:

Probability that he faked his confession. He knows about bitcoin, because of his name. He thought in the past about what he would say if a journalist shows up at his door. He despises journalists and decides to play a practical joke. Seems plausible enough for me.

Probability that she invented that confession. Such a lie would definitely ruin her career, so I'd put it at 10%.
111  Bitcoin / Legal / Re: How to argue long-term capital gains? on: March 03, 2014, 04:14:44 PM
How to prove purchase date for coins bought on localbitcoins, and moved many times between different wallets?

Blockchain. To prove the coins were still in your possession up to the date you claim to have sold/traded them, you can sign a message with every address the coins ever touched since you acquired them.

BTC can move without me owning the keys, for example if I move them from my computer to an online wallet, or buy a BTC denominated stock. Is it considered a sale event, if no dollars were involved?
Besides, keys for old wallets are long lost ... oh my.
112  Bitcoin / Legal / How to argue long-term capital gains? on: February 27, 2014, 08:14:19 PM
It's relatively easy to claim BTC earnings as short-term gains or as regular income; you pay maximum tax and IRS is happy.
But have anyone tried to file BTC gains as long-term capital gains? I would think you need some kind of proof of purchase price and of purchase date. What is purchase price for mined coins? How to prove purchase date for coins bought on localbitcoins, and moved many times between different wallets? What if IRS looks up the blockchain and says: here, you received coins to that address 1 month ago, no long-term for you!
113  Other / Off-topic / Re: I'm gathering all theories about Satoshi Nakamoto on: February 22, 2014, 02:50:24 AM
Unlike most people I believe Satoshi was an individual, not a group.  I believe he is / was a GCHQ employee.

very possible. that explains his outstanding ability to maintain his incognito for so long and his fear of getting exposed.
114  Bitcoin / Press / Re: [2014-01-30] VICE — US Gov Closes In On Bitcoin & Some Bitcoiners Are Smiling on: February 03, 2014, 07:06:09 AM
Right, and switch from base10 to base16 numbers, as some bitcoiners have long been arguing
115  Bitcoin / Press / Re: 2013-08-07 Bitcoin upgrade aims for smoother e-commerce on: February 03, 2014, 07:02:10 AM
it seems like any such corruption issues might be more OS related than Bitcoin related

<TROLL MODE>
  Just use normal OS (Windows)
</TROLL MODE]
116  Economy / Digital goods / Re: Selling IN-Game-Currencies on: February 02, 2014, 07:22:38 PM
Sold me some AD, very fast and professional, recommend!
117  Bitcoin / Bitcoin Technical Support / Re: Bitcoin memory usage on: December 10, 2013, 09:17:01 PM
ok, 780MB after restarting, still too much imo
what are they storing, tx cache? DB cache? doesn't make sense
118  Economy / Scam Accusations / Re: Someone stole all my coins Read this on: December 10, 2013, 03:33:34 AM
"mining and watching ads and trading on crypsy" isn't "working hard"
119  Other / Beginners & Help / Re: Just another noob wishing he jumped in the pool earlier on: December 10, 2013, 02:29:20 AM
LTC is too expensive already. Want to be early adopter - load on COL or CENT.
120  Bitcoin / Bitcoin Technical Support / Re: Bitcoin memory usage on: December 09, 2013, 07:43:13 PM
My bitcoind is also consuming more and more memory over the time... 590 mb usually.. and then growing growing up to more than 1 gb after some days..

Lucky you!

 4072 bitcoin   20   0 6342m 4.9g  25m S   12 63.3 402:46.47 bitcoind
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