Bitcoin Forum
May 22, 2024, 05:38:52 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Bitcoin / Bitcoin Discussion / Re: To those who do not care about their privacy. Why? on: November 22, 2022, 02:31:27 AM
Those that do not care about their own privacy are setting themselves up for slavery.  Everything else is irrelevant.  More crimes are committed in USD than anything else.  It makes no difference.
2  Bitcoin / Bitcoin Discussion / Re: Will Crypto survive? on: November 22, 2022, 02:21:19 AM
What was the reason for which you bought BTC?

If the fundamental reason hasn't changed, stay the course.

If the fundamental reason has changed, sell.

When Tether goes down - and it will - more chaos will ensue.  However, if the reason you got into BTC hasn't changed, then stay with it.  That will likely be the bottom.

More than 10 years in.  Nothing's changed except the chasm will have to be crossed.  This is where the wheat will be separated from the chaff.


3  Bitcoin / Electrum / Re: Electrum server discussion thread on: August 19, 2016, 07:15:53 PM
Hi All,

I'm trying to get a new electrum server started, but it doesn't seem to sync all the way with bitcoind.  Bitcoind is up to the latest block, but electrum server is almost 1000 blocks behind it and falling further behind.  At one point it was 941 blocks behind, then 966 blocks behind, ...

Edit: Can it take that much longer to process via electrum than to keep up with the blockchain with bitcoind?  That is, if the hardware can keep up with bitcoind with lots of CPU and RAM to spare, shouldn't it be possible for electrum-server to catch up?  The log just shows it dropping further and further behind.  Perhaps I'm just missing something here?

The thing is slow. In my experience it take a lot more resources than bitcoind per block to digest. Maybe the insert into the patricia tree (?) utxo data structure is to blame? I wouldn't know.

There was an alternative implementation mentioned further up (in java?). I've been wanting to give it a try, but there's no pressure (the machine I use for electrum server has plenty of juice). Maybe you can try it and report back?

EDIT: found the post:

Are there any news about server re-write, with faster block processing?
Fireduck re-wrote electrum-server in Java and it processes blocks much faster than the original Python version.
See https://bitcointalk.org/index.php?topic=726338.0

I'll give it a try tonight.  It continues to fall further behind bitcoind, so I have to try something.  I'll report back tomorrow.  Thanks for the suggestion.
4  Bitcoin / Electrum / Re: Electrum server discussion thread on: August 19, 2016, 03:10:44 PM
Hi All,

I'm trying to get a new electrum server started, but it doesn't seem to sync all the way with bitcoind.  Bitcoind is up to the latest block, but electrum server is almost 1000 blocks behind it and falling further behind.  At one point it was 941 blocks behind, then 966 blocks behind, ...

Edit: Can it take that much longer to process via electrum than to keep up with the blockchain with bitcoind?  That is, if the hardware can keep up with bitcoind with lots of CPU and RAM to spare, shouldn't it be possible for electrum-server to catch up?  The log just shows it dropping further and further behind.  Perhaps I'm just missing something here?
5  Bitcoin / Project Development / Re: Retroshare bitcoin forum - key swap and discussion on: January 03, 2013, 08:41:34 PM
-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: OpenPGP:SDK v0.9
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=Me9Y
-----END PGP PUBLIC KEY BLOCK-----
--SSLID--81ae1e8a0df90e5c9cc16c1472e5854a;--LOCATION--Laptop;
--LOCAL--1.0.126.113:42774;--EXT--188.40.23.84:42774;
6  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 11, 2011, 04:45:14 PM
Finally, if people want more detail, feel free to PM me.  I'll provide more detailed information to those interested.  Please note that beginning Wednesday, Oct 12 - Tuesday October 18 I'll have very, very limited online access, so if I don't respond quickly, just give it a little time...

Thanks to those interested.
7  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 11, 2011, 04:41:24 PM
Maestro is simply the debit version of MasterCard.

True but doesn't make this any less accurate ...

Maestro cards do not work at most point-of-sale terminals in the United States. You're going to be limited to ATM access.

While Maestro is a debt card version of Mastercard it is virtually unheard of in the US and as a result almost all POS machines will simply reject it as an unsupported card.

LEARN TO READ.

Maestro cards do not work at most point-of-sale terminals in the United States. You're going to be limited to ATM access.

Maestro is simply the debit version of MasterCard. He's claiming they are MasterCard, although he could just be dancing around it since Maestro is in fact Mastercard's. What would be nice to clarify would be if OP could take a picture of one of the cards and post it here. As a point of sale developer with some experience in retail management and having lived in Korea using American cards of all types, I think I'll be able to tell if these cards are worth anything just by just seeing them.

Did anyone else find that cryptic? Point is, if he takes a picture of the card, we'll see which logos are on the card and what bank it's from and just know what it actually is, instead of just hearing a speel on how its a "mastercard product" or some nonsense (which it probably is).

It's a Maestro card, which I stated in the initial post.  I don't know how to make it plainer than that without the description of it being a MasterCard product...
8  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 11, 2011, 04:38:00 PM
Maestro cards do not work at most point-of-sale terminals in the United States. You're going to be limited to ATM access.

Maestro is simply the debit version of MasterCard. He's claiming they are MasterCard, although he could just be dancing around it since Maestro is in fact Mastercard's. What would be nice to clarify would be if OP could take a picture of one of the cards and post it here. As a point of sale developer with some experience in retail management and having lived in Korea using American cards of all types, I think I'll be able to tell if these cards are worth anything just by just seeing them.

I don't want to expose the bank in public view.  I will do this on a case-by-case basis.  They are Maestro cards.  I emphasize MasterCard because most of the Americans may not know what a Maestro card is.  If someone wants to see it, PM me and I'll take a photo, blank out the account number (I'll be taking a picture of my card). 
9  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 11, 2011, 04:35:20 PM
Maestro cards do not work at most point-of-sale terminals in the United States. You're going to be limited to ATM access.

That is mostly true.  There are some places that will accept it at POS (see the website - it's a small number of vendors), but it's primarily an ATM card.
10  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 11, 2011, 04:33:47 PM
Mastercard is quite popular, but if we can get Visa, I think a lot more will take from you as it is more widely accepted.

I have some opportunities with Visa, but the costs from the bank I'm working with would imply a higher end-product cost.  I'll keep everyone posted as new products become available.
11  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 11, 2011, 04:30:58 PM
Quote
Depending on the client, it *may* be possible to assist in loading cards completely anonymously.  However, there are strict regulations around that and I will not assist with helping an anonymous client.  The risk/reward ratio simply isn't there.

I think for $440this should be a part of the deal, very important that you stay anonymously

Hi all.  Sorry for the delay - I'm in travel season.

$450 is much, much cheaper than you find these cards on the market.  Most of them run in the $900+ range.

I could offer to do, for example, up to $1000 or $1500 loaded onto the card for a 1-3% fee, or something like that.  I'd have to talk to deal with individuals for that.

The big risk for me is  the "know your customer" provisions.  If the currency amounts get too high, it puts me at risk of various forms of laundering laws.  I have to be careful about that - like I stated before, I want to make sure everything is legal and good-to-go for a given jurisdiction where a client resides.

But, I'm open to the discussion.  Just recognize that it would be a separate cost, though I would work to keep it nominal.  I'd have to send the card to the individual, have the individual tell me what the account numbers are to the card, have them send money to a company that would then wire transfer the funds to the card.  This is all doable, but it's more complex than most may realize.  If the transaction levels were small enough, we could possibly do it all in one BTC sale along with the card, and then I'd transfer funds from my own account to the card (once the recipient gives me the account number). 
12  Other / Beginners & Help / Re: Thoughts on a bitcoin alternative backed by gold? on: October 08, 2011, 11:54:40 AM
The world will be an interesting place, for sure, if we can find discover a way to create elements from nuclear reactions of other materials.  Frankly, I don't think it will happen.  If it does, it changes what the definition of an element is.

There is. Neptunium and Plutonium are synthesized rather than mined because only trace amounts can be found naturally. Pretty much anything heavier than Uranium has to be made.

That's true, but they're not made from other elements.
13  Other / Beginners & Help / Re: Is American Debt default really possible?? on: October 08, 2011, 11:53:01 AM
I believe you are correct regarding politicians' weaknesses. However, what does make this time different (than say Weimar, Zimbabwe, Argentina, and thousands of others through history) is that USD supply is not actually paper. Debt can evaporate, but paper can not. Despite tripling M0 over the past three years, paper is still scarce while M3 contracts rapidly. But you could be right. If the flow of money stops, banks stop lending, unemployment doubles, M0=M3, yes, I am afraid the printing press will crank out paper.

I agree with that - in theory.  But in reality, all currencies are a confidence game.  Loss of confidence implies a desire to move out of money, and that starts the velocity.  90% of dollars are outside of the US.  There will be no end to the money creation because banks are insolvent (not only illiquid).  We have seen some of the first signs this year and last as we see that the dollar hasn't rallied even with European debt problems.  If this truly is the big one, why is the dollar at sub-80 and falling from resistance?

This is BTC's opportunity.  People are moving away from dollars and looking for something else - look at the Swissie, commodities, etc.  At some stage, there will be a run for the exits.  IMO, the deflationist viewpoint doesn't really take into account human nature.  CBs will print - they have no choice.  Govts will spend - they have no choice.
14  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 08, 2011, 11:45:10 AM
Is there any authorization from Mastercard?  Who authorizes the issue of such cards?

How do these cards pass AVS?

It's modeled as a corporate sub-account.  Keep in mind that it's a Maestro card - primarily a European variation of the MasterCard brand.  Not everyone will accept it at point-of-sale (see the Maestro card site for a list of vendors that accept it).  It's primarily an ATM card with some vendors that will accept it at point-of-sale.  For those that do, you can put any name and address in that you like - welcome to the differences in European and American snooping on end users.  The US has fallen quite a bit behind in the realm of respect for personal financial privacy.

Yes, it is authorized by MasterCard.  There have to be limits on the account balances (in this case $10K), and there are other restrictions required at the setup.  You won't find a US bank to offer these, so you're working with primarily European and/or Caribbean banks using the MC system.

These are not unique cards - you can find them around.  However, the price points of these cards are low to start.  See the above links for other examples and note the price differences.
15  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 08, 2011, 03:31:43 AM
How do these cards pass AVS?

It's modeled as a corporate sub-account.  Keep in mind that it's a Maestro card - primarily a European variation of the MasterCard brand.  Not everyone will accept it at point-of-sale (see the Maestro card site for a list of vendors that accept it).  It's primarily an ATM card with some vendors that will accept it at point-of-sale.  For those that do, you can put any name and address in that you like - welcome to the differences in European and American snooping on end users.  The US has fallen quite a bit behind in the realm of respect for personal financial privacy.
16  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 08, 2011, 03:26:56 AM
What's the difference between these and what I'm offering in this thread?  From the information you provided, it looks like you're charging $450 for cards I've seen at Walmart, Target, Walgreen's, etc. for around a hundredth of that price.

This is a real MasterCard-based debit card - not a branded gift card.  You can load this card up to $10,000, use it at ATMs, purchase items, etc.  It's an offshore bank account with a debit card attached to it - it's quite different from a gift card.  I've used mine from the US to Europe to Asia, received payments to it via wire, made payments via ACH, etc, etc.
17  Economy / Goods / Re: [WTS] Anonymous "credit" cards...$10K limit on: October 08, 2011, 01:03:21 AM
Might help if you tell us what the balance on the card is for that price.

The balance would be $0.  It's the ability to get the card set up this way that you're buying - a degree of anonymity.  You can't walk up to a bank and get a debit card without giving the bank a lot of details.  This eliminates the need to provide those details to anyone.  It's a pure privacy play.

Like I mentioned, it *may* be possible to deposit funds from you on the card, but that involves a bit more due diligence.

Hope that helps clarify.

18  Economy / Goods / [WTS] Anonymous "credit" cards...$10K limit on: October 07, 2011, 11:30:19 PM
Hi All,

Having just broken out of noob-jail, I'd like to establish a reasonable BTC balance by offering some unique privacy products to the BTC community.  My goal, aside from building a balance, is to develop a strong reputation so that I can expand to higher-end offerings with some trust established.

I am in the privacy industry.  In this business, my firm's goal is to help people maximize their personal privacy and liberty..  Everything sold, be it product or service, is 100% legal in the major jurisdictions in the world - the US, the EU, and Japan.  Nothing will be sold to anyone in any region where the local laws prohibit the product.  I work closely with several well-known names in the space and have been doing so for quite a while.  Since I'm a newbie here, I'll be offering some of the initial products for discounted rates until my reputation becomes more established, at which time the products will be priced to market.

To kick things off, I'd like to offer a few anonymous "credit" cards.  I use the term "credit" in quotes because you cannot actually get a real anonymous credit card.  Anyone that tells you otherwise is lying.  If credit cards were truly anonymous, banks would go broke quickly.  What the industry actually sells are anonymous debit cards.  Most people are familiar with those in smaller denominations like $100 gift cards.  What sets what I'm offering apart is that this has a limit of $10,000 USD in order to be in compliance with US IRS regulations while still ensuring anonymity.

These are Maestro card (MasterCard owned) debit cards with a company name only denominated in USD.  The cards are not issued from a bank with US branches.  The accounts are numbered and each has a PIN so that funds can be withdrawn from any ATM that accepts Cirrus/MasterCard.  No name or address appears on the card.  Funds can be loaded via wire transfer, check, or other deposit mechanism that banks typically accept.  Fees are $6 per month.  Wire transfer fees vary based on deposit amount.  Please note that unlike most accounts, it costs more to hold money offshore, but unfortunately that's the price of privacy these days.

Depending on the client, it *may* be possible to assist in loading cards completely anonymously.  However, there are strict regulations around that and I will not assist with helping an anonymous client.  The risk/reward ratio simply isn't there.

Since no name or address is required, I will need shipping information to send cards, but it need not be to you directly.  That ensures maximum anonymity.

Initial price is $450 per card (approx 105.4 BTC at present rate), payable at the current rate in BTC only, based on MtGox exchange rates.  The cards are similar to this one: http://www.ptshamrock.com/covisa.html  or  this one: http://www.ptshamrock.com/auto/nonamecc.html  If you note the price difference, you'll see what a deal this is.

I am willing to discuss better pricing for more than one card.

For other details, please PM me.  I will be in and out over the next week, so I apologize in advance if I answer slowly.

Thanks for your interest.

19  Other / Beginners & Help / Re: Is American Debt default really possible?? on: October 07, 2011, 09:04:22 PM
Deflationary because everyone is afraid to spend and afraid of bubbles. But I would not say that everyone is anti-Fed. Again, I submit http://www.c-span.org/Events/Fed-Chairman-Updates-Congress-on-Economic-Outlook/10737424526-1/ it's worth a listen. The only guy who was unappoligeticaly critical of Bernanke without acknowledging the short comings of Congress was Vermont geezer Bernie Sanders. If anyone is anti-Fed, it's for the wrong reasons. Traders complain that Ben is not injecting q easing. Most everyone else is in incoherent la la land.

I watched that update live...

I still subscribe to the notion that once everyone feels enough pain from asset prices cratering, businesses laying people off, homes dropping, bank runs occurring, etc that the Bernank - or his successor - will print.  They have no choice.  No politician will be left alive if all of the stops aren't pulled out and the money printed like no tomorrow.  There's a reason nations print.  The BIS playbook has been followed to a tee thus far.  I suspect we'll see some other form of QE (by whatever name) before the end of this year.  The alternative is to let the wealthiest, most influential people in the world get hung out to dry for the benefit of the unwashed masses.  It's never really happened before - I don't think this time is different.
20  Other / Beginners & Help / Re: Bitcoin Price Predictions on: October 07, 2011, 07:15:34 PM
Here's a good question for bitcoin price:  what happens next year at block 210000?

Why would that matter?

https://en.bitcoin.it/wiki/How_bitcoin_works

Particularly,

Quote
First, the block producer gets a bounty of some number of bitcoins, which is agreed-upon by the network. (Currently this bounty is 50 bitcoins; this value will halve every 210,000 blocks.)

Which is the reason there will never be more than 21 million bitcoins, it's a mathematical series that infinitely approaches 21 million.  If you halve the amount produced after every 210,000 blocks, you know after the first 210,000 you will have half of everything that will ever be available, which is (210000*50) = 10.5 million btc.  Not sure exactly how it is programmed, but this either means at some point new blocks will produce the smallest decimal allowed by the language it is written in, or they will produce zero new bitcoins, and profits from mining will come 100% from transaction fees.  By that point, well beyond any of our life expectancies, bitcoin will most likely be long dead, though.  Or insanely popular, in which case my grandkids will be -rich-.  Wink

Aahh.  I gotcha.  I didn't realize the payout halved at 210000 - I get the rest of the situation.

However, IMO, it's irrelevant.  The intrinsic value of any currency is based on what it can purchase - nothing more, nothing less.  Assuming that the community of products and services grows and the general acceptability improves (which, IMO, is a function of usability to the Average Joe/Jane  and general stability relative to the USD more than anything else), then the incentive to mine any number of coins should be there as long as the cost in fiat doesn't exceed the relative purchasing power of one BTC.  In other words, I'd expect this to be more of an economic question rather than a technical one.

BTC will never die if the transaction fees generated still create a real-world profit.  Someone will take the profit.  If it' s not profitable, well than that's a different story.

Based on the Austrian theory of money, any "reasonable" amount of currency in circulation is enough to fullfill the role of money.  As long there's enough such that everyone can get some, it will suffice perfectly well and increase in purchasing power.

At least we'll test this theory, I suppose....
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!