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1  Economy / Service Discussion / Re: Does any Bitcoin Exchange exist that lets the user set the sell price? on: February 21, 2014, 12:51:36 AM
BTC-e has an auto buy and sell option. Pretty easy to use.
Thanks everyone, I appreciate the quick replies.  Grin
2  Economy / Service Discussion / Re: Does any Bitcoin Exchange exist that lets the user set the sell price? on: February 21, 2014, 12:48:48 AM
Hey now, you said you sold/gave away all your coins!
Not looking to buy or sell, just research. Got out of that game a long time ago.  Wink
3  Economy / Service Discussion / Re: Does any Bitcoin Exchange exist that lets the user set the sell price? on: February 21, 2014, 12:47:55 AM
You need to look at "Trade exchanges", not just "Exchanges".

Trade Exchange = To make offers (bid/ask) or (buy/sell) {You set the rate you desire, as an "order"}
Exchange = To get an exchange, at a specified exchange-rate that the exchange has offered.

Here are a few "Trade exchanges" and "Exchanges", otherwise known as "Markets"...
(Look under the markets menu on top.)

http://bitcoinwisdom.com/
Thanks for the link. I know the difference, but many sites don't make it clear exactly what they do.
4  Economy / Service Discussion / Re: Does any Bitcoin Exchange exist that lets the user set the sell price? on: February 21, 2014, 12:46:33 AM
Exchanges such as Cryptsy and Btc-e allow you to set any price you want, but it's unlikely that you'll sell for much higher than the market rate.
Ok, thanks, I never saw those options listed on the site, but I guess you have to have an account first to see the rest.
5  Economy / Service Discussion / Re: Does any Bitcoin Exchange exist that lets the user set the sell price? on: February 21, 2014, 12:45:49 AM
Is the answer 'all of them' ?
Unfortunately, no.  Wink
6  Economy / Service Discussion / Does any Bitcoin Exchange exist that lets the user set the sell price? on: February 20, 2014, 02:41:22 PM
As the subject says, does an exchange exist for Bitcoin in which the user sets the price to sell their bitcoins instead of the website setting and forcing the user to accept their own sell price? I am putting together some research and it seems all the large exchanges don't allow the user this type of freedom when trading.

Thanks for any helpful responses.
7  Bitcoin / Bitcoin Discussion / Re: Banks have no deposit atms, we do on: February 19, 2014, 06:31:31 PM
I only use online banks and there's no way to deposit cash. Bitcoin has finally improved this scenario. Not only can I deposit cash, the entire Bitcoin network is mine. No more looking for those logos.

I predict the big banks will die but the online banks will soon embrace us. All hail ING. They're awesome.
Where have you been for the last 5 years, nearly every bank in my area can take cash & check deposits directly into the ATM 24 hours a day.  Huh
8  Economy / Service Discussion / Re: Reason why MtGox can go to 0 - without arbirage opportunity with Bitstamp on: February 16, 2014, 07:05:02 PM
If people are buying from MtGox at a very low price compared to the market average and then selling them back into the open market for tremendous profit (via another exchange), then that calls into question the other "legitimate" exchanges because it does not fit the economics 101 of supply and demand. If the market is being flooded with cheap bitcoins via MtGox, then the price must go down unless the other exchanges are artificially inflating the value to avoid losing money on their side.

That would call into question more than just MtGox honoring trades, but every other exchange out there for price fixing.

if they would be able to do this, prices would not be so low... because of arbitrage. you can buy low on gox, but are not able to transfer then to bitstamp and sell high.
So everyone at MtGox is basically buying credits, for which they will never be able to exchange. Good point, so what exactly is MtGox selling at the moment then?  Shocked
9  Economy / Service Discussion / Re: Reason why MtGox can go to 0 - without arbirage opportunity with Bitstamp on: February 16, 2014, 06:58:55 PM
If people are buying from MtGox at a very low price compared to the market average and then selling them back into the open market for tremendous profit (via another exchange), then that calls into question the other "legitimate" exchanges because it does not fit the economics 101 of supply and demand. If the market is being flooded with cheap bitcoins via MtGox, then the price must go down unless the other exchanges are artificially inflating the value to avoid losing money on their side.

That would call into question more than just MtGox honoring trades, but every other exchange out there for price fixing.
10  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 14, 2014, 12:38:30 AM
Bitcoin Killer Altcoin

The Bitcoin killer will thus have at least the following features.

  • provably cpu-only mining with botnet resistance (current proof-of-stake can't redistribute new coins to masses & I posit it isn't secure)
  • built-in anonymity (to minimize non-anonymous users)
  • small, reasonable perpetual debasement
  • zero transaction fees (with economic transaction spam resistance)
  • economically limited pool sizes
  • oblivious shares
  • selfish-mining fix
  • mini block-chain design
  • faster 1-confirmation block chain, e.g. 1 minute instead of Bitcoin's 10 min delay, if the orphan rate can be contained
It would not even need to an Altcoin because it just a different mutation of the original Bitcoin when you get down to the core. There is already a digital currency that does all this, but you won't hear about it outside the bitcoin bubble unfortunately.  Sad
11  Other / Announcements (Altcoins) / [ANN][TK] Timekoin Market Open on: February 12, 2014, 06:10:21 PM
The Timekoin Team is proud to announce the New opening of the Timekoin Market.
https://timekoin.com/market/

Learn about Timekoin at http://timekoin.org/

This new site will allow the quick and easy exchange of Timekoins between members for any agreed upon types of payment or barter.

The Market will act as a secure escrow for buyers and sellers, along with management of member ratings and disputes directed by the community of members participation.

Thanks to all the members that helped to test the Market for the last month before finally going live!

Sincerely,
-The Timekoin Team
12  Bitcoin / Mining speculation / Re: What happens if a Block can't be found? on: February 09, 2014, 05:26:44 AM
I do not think it is mathematically possible to get a SHA256 hash result of all zero's because of the way the SHA256 constants are introduced into the algorithm. It raises the question of what the smallest possible result would be? And of course what the largest possible result would be?
http://en.wikipedia.org/wiki/Sha256
http://en.wikipedia.org/wiki/Avalanche_effect

No more than 32 zeros as half the bits are flipped to produce the the avalanche effect.

It would be like trying to create a device that the more heat you put into it it, the colder it gets.  Cheesy
13  Bitcoin / Mining speculation / Re: What happens if a Block can't be found? on: February 08, 2014, 10:03:05 AM
Ok, I may be way off with this, but it seems to me that since each block contains the hash of the previous block, this is a constant that must be in the found block regardless of who finds it. Considering how difficulty rises, some time in the distant future difficulty could be so high that for a given previous block hash there is no solution due to all possible solutions not being able to meet the difficulty.

Yes this is unlikly. But as the number of leading zeroes increases, the number of possible solutions decreases. It is possible to create the perfect storm if you will, where a solution can not be found for any possible inputs. if a block can't be found, the difficulty won't decrease because it is dependant on blocks being found.

Is it anticipated that this won't happen because difficulty will adjust down prior to this occurring? If so, one occurance of really bad luck and that one hash that can't be completed could occur. Is there anything built into the bitcoin algorithim to deal with this potential problem?
Mathematically speaking, using the current bitcoin hash algorithm, there will be a point where the difficulty will be impossible to target because of the avalanche effect built into the sha256 algorithm that fights it. When that time comes, what happens if the difficulty is not achievable and no more blocks can be created? All transactions stop in bitcoin because the two systems (transactions and currency creation) are locked together.
14  Bitcoin / Development & Technical Discussion / Re: sweet mother of god, the blockchain is HUGE on: November 12, 2013, 09:48:39 AM
new OS on a new box here, been...oh I don't know...year and a half since I have to set bitcoin QT up from scratch

sweet baby zombie jesus, hours and hours, I got hours to go, still 15 weeks back and the weeks are obviously getting bigger all the time

obviously this has to be a tired topic so forgive me, what are the strategies that have been proposed to deal with this?  Couple years ago it was inconvenient, now it is ridiculous, couple years from now it will be untenable.

mass adoption indeed, lol
Trying wiping the entire block chain and starting over from null. There are not really enough active nodes to download the entire chain in less than a week on even the fastest connection because the rates from the nodes is so low.  Sad
15  Bitcoin / Mining speculation / Re: Selfish Pool Watch on: November 11, 2013, 07:58:35 AM
I'm not sure any pool would use it as it undermines bitcoin as a whole and reduces the long term viability of the currency...
We are talking about people.  Wink
16  Other / Alternate cryptocurrencies / Re: LTC China connection on: November 10, 2013, 07:47:57 AM
here is a write up of something people may not know about LTC and the China connection

http://cryptokid.blogspot.com/2013/11/litecoin-to-china-btc-family-connection.html

people may want to start digging... i have been.... stay tuned for more updates.


BTC China is now the biggest Bitcoin exchange, surpassing the likes of Japan,USA and Europe in volume.  The man behind this new powerhouse market is none other than BTC China CEO Bobby Lee. Bobby Lee comes from a background including Walmart China and Yahoo.

I was introduced to Bitcoin two years ago by my brother, the founder of Litecoin , says Lee.
I'm sure the large money connection will pay for a lot of marketing to hype it up to raise value or else buy lots of it to raise the value, then sell at the peak. Probably already going on as we type.  Lips sealed
17  Other / Alternate cryptocurrencies / [ANN] Timekoin (TK) - Version 3.x Released - Hack Bounty Still Unclaimed on: November 04, 2013, 03:19:18 AM
Version 3.x Released for Server

Software to run the server has been updated for all platforms of Windows, Raspberry Pi, Mac, Android, & Linux.

For those running the earlier 2.x versions, the built-in self upgrade feature should allow you to do a smooth transition from the 2.x to the 3.x release version within the software automatically.

Many new features and improvements have been made over the older v2.x series, the changelog.txt will have all the details of what to expect.

The hack/exploit bounty still remains unclaimed, so there is still time to register to try for it.  Cool

Find the latest server version and other great info at the official website: http://timekoin.org/


Thanks Everyone for all the Great Support!
18  Bitcoin / Bitcoin Discussion / Re: Should the Creator of Bitcoin come forward? on: October 28, 2013, 10:03:24 AM
At this point no one is going to believe the person who claims to be Satoshi. There is no need for this person to come forward regardless. Bitcoin is in the communities hands.
I would. I have many communications with him from years ago that only he would know about and has never been made public. If someone came forward claiming to be him, I could easily verify since I know what PC he was using, what part of the world he was living in, etc. before he started to actually try to be anonymous on the net. I can't say if he is alive or dead right now, but he could easily verify being alive at least with me because he would still know how to contact me. I do respect him wanting to be anonymous though. If there ever was a real search for him I probably have enough info to get any team on a really good start to finding him.  Grin
But... respect his privacy.
19  Bitcoin / Bitcoin Discussion / Re: FBI Seizes DPR's personal coins! 144,000 coins! on: October 28, 2013, 09:46:34 AM

So as a quick read, they suspected him of an unrelated crime and investigation created lots of grief to him and the family. Just enough hints that the real issue is that he is having too many bitcoins and/or being too vocal about them. Poor guy, but good to see that he is still active in the forum.

The same trick was played on me on 2008 (due to silver, which prior to bitcoin was the lynchpin of the monetary economy) and it actually worsened my mental condition a lot. The good side is that I made my fortune as a result because I got a LOT more credibility for my claim that the govt hates silver, and as a result you should buy some from me Smiley
I've actually had the Service Service to my home *twice* now on two unrelated occasions. I am still around, going strong!  Grin
20  Bitcoin / Bitcoin Discussion / Re: FBI Seizes DPR's personal coins! 144,000 coins! on: October 28, 2013, 09:44:22 AM
Most Bitcoin users operate totally within the law.  So any thoughts on this subject would be purely academic.

Knightmb operated totally within the law.  He was still raided by the Secret Service*, solely for the crime of owning a lot of Bitcoins and being publicly identifiable.

*FYI the Secret Service is a division of the US Treasury.

Quote
It may be easier to imagine if you assume that the individual lives under a repressive regime.  You know.  One of those evil ones.
The US government loves to make press announcements, but never a public apology. I am still around, going strong!  Grin
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