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141  Economy / Service Discussion / Re: Mtgox manual withdrawal with extra 5% fee? on: October 18, 2013, 05:13:40 AM
5% is close to what western union charges for transferring large amounts
142  Bitcoin / Bitcoin Discussion / Re: How did you get your first bitcoin? on: October 15, 2013, 08:54:42 AM
$200 cash to a stranger -> liberty reserve -> mtgox -> 20BTC
143  Other / Beginners & Help / Re: Network benefits of high hash power. on: October 15, 2013, 08:17:05 AM
Instead of making 5 useless posts, newbies should be forced to read and type "I understand" under 5 FAQ questions, one of which is above.
144  Bitcoin / Press / Re: 2013-10-09 COINDESK - Bitcoin: freeing coffee from the middlemen on: October 13, 2013, 11:36:47 PM

Perhaps i skimmed to quickly, but I did not find the reference to $50 a pound.


0.17*146*453/200 = $56
145  Bitcoin / Press / Re: 2013-10-09 COINDESK - Bitcoin: freeing coffee from the middlemen on: October 11, 2013, 06:16:29 AM
coffee straight out of Nigeria for $50 a pound?
146  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: September 30, 2013, 08:13:34 PM
I don't know if this is good news or bad news, but it is certainly a big WTF regarding Japanese banks..:
Code:
11:05 < sturles> I noticed on the forum that Japanese domestic transfers come 
                 from a new bank.  I keep watching for reports of international
                 wires from a new bank as well.  That would be a very good sign.
11:08 <@MagicalTux> sturles, the new bank we use for Japanese transfers is a
                    domestic only bank
11:16 < sturles> Oh. :-(
11:18 <@MagicalTux> they're the first bank we've seen in JApan that can do
                    domestic transfers without the need for faxes
Fax!  In 2013!  For a simple domestic transfer!  Can you even buy fax machines any more?  Must be years since I saw one of those.  No wonder even Japanese transfers were slow during high volume periods.  People still think SWIFT transfers from the same banks are fully automated?

I wouldn't trust a bank that allows to transfer my money based solely on a fax message. Nothing is easier to forge than fax.
147  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: September 26, 2013, 07:21:45 AM

I guess the fact that Dooglus was fully divested means that for some reason I personally cannot understand he "lost faith" in math, and he gave up on the idea of recouping losses from Nakowa. Maybe that was one of the reasons he decided to mess up with our best customer ever, while crippling the expected profits by taking max profit to 1/4 while investors that didn't divest were on HEAVY losses.

Site owner has much more to lose than average investor, so his decision is understandable. Besides, there is always a non-zero probability of a bug or a server hack, and whale's win streak odds were quickly approaching that limit.
148  Economy / Securities / Re: [POLL] Just-Dice INVESTORS: Do you agree with lowering the max bet? on: September 26, 2013, 07:09:09 AM
Risk perception of a casual investor who has only few BTC invested is very different from risk perception of site owner, or of an investor who put his life savings into the site. Hope the risk selection feature will be implemented soon.
149  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Play or Invest : 1% House Edge : Banter++ on: September 25, 2013, 03:29:10 AM
Let's see, the "whale" made 46000 bets.

Probability to be in + after such amount of bets, with 1% house edge, is about 1.4%.

I would say probability that game is rigged, either by site owner, or by a hacker gaining access to the server, is higher than that. Make your bets ...
150  Economy / Services / Re: Need image processing service on: September 17, 2013, 02:18:15 AM
thanks to all the bidders, job seems to go to Taras.
151  Economy / Services / Need image processing service on: September 15, 2013, 07:43:11 PM
I have 257 scanned JPG images from a family archive, each image should be cut in four and each of 4 parts should be rotated by 90, -90 or 180 degrees.
Information loss, such as JPG re-compression, should be avoided if possible.
One way to do that is to use JPG lossless crop and lossless rotate in IrfanView.
Payment will be sent after work is done. We can do it in small batches, if you don't trust me. For example, you process 10 images, I send you (10/257) * <agreed price> BTC.
Please quote your price and delivery time estimate. My estimate it should be around 3-4 hours of work and ~0.8 BTC.
Bidding will end 24 hours from now.
152  Economy / Speculation / Re: September and October will be eventful. on: September 02, 2013, 09:14:16 AM
>> Lol, even the worst website for wannabe-traders explains in the first steps / lessons that you should not trade with emotions.

What is trading for then, if not for some adrenalin?
153  Bitcoin / Press / Re: 2013-08-16 - IW- Bitcoin Boom? US fears digital currency may hit dollar demand on: August 16, 2013, 07:49:43 PM
Because those who write in the media paid tons of money for liberal arts "education"
154  Bitcoin / Press / Re: 2013-08-03 - independent.ie - Founder of the Freedom Hosting / Tormail arrested on: August 05, 2013, 08:13:58 PM
Now we'll finally learn who is Satoshi Nakamoto?
155  Economy / Trading Discussion / Re: Buying and Selling coins anonymously on: July 17, 2013, 03:28:23 AM
It is illegal.
156  Bitcoin / Development & Technical Discussion / Re: Why Scrypt and alternative hashing algorithms are pointless. on: July 13, 2013, 08:48:28 AM
tl;dr Price affects hashrate, hashrate doesn't affect price.

And I think it's the other way around: diff increases means more capital invested in mining -> harder to launch 51% attack -> currency more secure -> people believe in it -> price rises

more money invested -> more incentive to invest in development and infrastructure -> price rises
more money invested -> more vocal proponents -> more propaganda -> price rises
157  Other / Off-topic / Re: Isn't the USA just....a very big prison? on: July 07, 2013, 11:25:06 PM
Quote

I would bet their are more people in the prison system/parole than the population of th least populated state.

I don't have a source but its a guess...

Any one want to google the info?

If you google that, there will be a permanent record of you googling that, and at some future point of time you will be imprisoned for Unauthorized Surveillance On National Security Institutions
158  Bitcoin / Hardware / Re: A new ASIC is coming on: July 03, 2013, 12:57:08 AM
1m BFL chips is 4000 TH/s ... someone planning a 95% attack?
159  Other / Politics & Society / Re: California man faces 13 years in jail for scribbling anti-bank messages in chalk on: June 29, 2013, 05:43:27 AM
Life in US is getting more scary by the day. They should make a rule that for every new law - two old laws should be abjudicated.
160  Economy / Securities / Re: Looking to buy PUT options on ASICMiner on: June 29, 2013, 05:24:31 AM
I will immediately purchase ASICMiner puts expiring September 1st, with a strike of 1.8BTC, and a premium of 0.14BTC.

You can use betsofbitco.in site for that (not affiliated).
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