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1061  Bitcoin / Project Development / Re: MegaCoin - Bitcoin superstore on: October 08, 2012, 06:22:34 AM
Cool, checking it out.

First thing, PC cases are inside "Laptops & Notebooks".
1062  Economy / Gambling / Re: SealsWithClubs.eu - Biggest Bitcoin Poker Site - Ring games, MTTs and Freerolls on: October 08, 2012, 02:38:12 AM
do you block people from the same IP address from playing on the same table?  i think most other poker sites do.

Yes, but only as of about a month ago. It applies to all ring games.
1063  Other / Politics & Society / Re: "Right to an attorney" on: October 07, 2012, 10:52:54 PM
The state is willing to pay other people's money to give you one of their men to defend you against them, how sweet (for everyone but you).
1064  Economy / Speculation / Re: Downward trend imminent on: October 07, 2012, 08:25:01 PM
Theymos said he thinks there are 4000-8000 coins of deposits at GLBSE. So... bitcoin market-wise, nothing really.
1065  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin is illegal on: October 07, 2012, 07:19:44 PM
Quote from: nobbynobbynoob link=topic=116937.msg1253003#msg1253003

Prohibition -> reduction in supply (supply curve shifted leftward) -> higher market price

Econ 101!

Supply is fixed. You only need to concern yourself with demand. Publicity is possible, but whether this boosts or reduces demand is not obvious.
The number of coins in existence is fixed. But that doesn't mean that the supply is fixed. Supply refers to the amount of coins that sellers are willing to part with at a given price.  If it were illegal to transact with or sell bitcoins, I don't see many current holders simply deleting their wallets.  But they might be less willing to sell their coins if doing so exposed them to the risk of criminal sanctions.  So presumably the supply curve would be shifted to the right.  On the other hand, the demand curve would presumably shift to the left.  So the ultimate effect on price is not immediately obvious.  My guess is that the effect on demand would be greater than the effect on supply so I'd expect a price drop.  That's the opposite of what you see with the prohibition of illicit drugs where the effects on supply dominate the effects on demand.  The prohibition of illicit drugs does relatively little to deter users, but it does make sellers demand a fairly substantial risk premium.

The legitimacy boost of "This is a thing that worries us" is global and any actual cracking down would be local. We'll never really know the exact effect even if it happens because it will probably happen in response to a period of rapid increase in interest.

It is already seen by many as a way to get around laws, so it might not be hurt much by a law. Though you do lose the plausible deniability that you could be doing something legal with it if just owning it is illegal.
1066  Other / Beginners & Help / Re: Gresham's Law, Anyone? on: October 07, 2012, 03:18:53 PM
http://en.wikipedia.org/wiki/Gresham's_law

I'm wondering if it's a good idea to buy pizzas and cars and airplane tickets with a currency which you believe is appreciating in value (BTC), when you can just spend the currency that’s guaranteed to depreciate in value over time ($/£/€).

I've been looking at Bitcoins more as a component of a Permanent Portfolio (http://en.wikipedia.org/wiki/Fail-Safe_Investing) than as an every-day transaction currency for this precise reason. Anyone else had similar thoughts?

You should use whichever currency is less valuable to you at the margin. If I found myself with mostly dollars somehow or even an even split you better bet I'm going to use the dollars. As it is I have close to the bare minimum amount of dollars I feel comfortable with so if I want some gadget or some nuts I buy with bitcoin.

I don't do it explicitly, but a good strategy is to determine some % of your assets you want to be held denominated in bitcoins and rebalance as convenient. You could possibly rebalance with purchases. This has the benefit of mostly buying low and selling high but also takes your complete situation into account.
1067  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin is illegal on: October 07, 2012, 07:47:58 AM

1.  Economic stability.  Bitcoins are more stable than currency printed by central banks.

2.  Low transfer costs.  

3.  Independence from banks, credit cards and others who have near to a monopoly on money exchanges.

4.  Protection from inflation.

.

Sounds like what a terrorist would say.
1068  Economy / Gambling / Re: SealsWithClubs.eu - Biggest Bitcoin Poker Site - Ring games, MTTs and Freerolls on: October 07, 2012, 06:16:38 AM
There is WAY too much time given at 50/100+ until the countdown starts.

I'm happy to give people ample timebank, but there is SO much time to wait BEFORE the timebank kicks in.  a number of players complain every day about some asshole playing too slow and it would be in the interest of Seals to have people playing faster.

even if you guys just implement a change preflop, that would mostly fix the problem.

I'll switch 50/100 to the faster time soon. Can't make it just preflop though.

The reason it is so slow is that there is no d/c timebank. When we get that ever game will have faster normal time.
1069  Economy / Service Announcements / Re: Let's have a little fun then, shall we. on: October 07, 2012, 06:12:31 AM
And last but definitely not least: Bitcoin is here to end government. Not any particular one, just absolutely each and every last one of them. To work!

Honestly I had vague bad feelings about you, but you can't be all bad saying that (and I have a shitload of posts).

1NVz3gjCs7LG6gGG2uc9xDrB2crmWS77Ns
1070  Bitcoin / Bitcoin Discussion / Re: Does the Bitcoin Foundation seek the taxability of bitcoins? on: October 07, 2012, 03:39:40 AM
(about 60%, according to my daughter who used to work for the Taxation Office).

Wonder how they get that stat.
1071  Bitcoin / Bitcoin Discussion / Re: Miners operate the majority of Bitcoin nodes. on: October 07, 2012, 02:11:44 AM
Do what you want. No one is forcing you to do anything.

Most miners use a mining pool. Most miners don't run a full node, as this is not required for pooled mining. So thousands of miners could be relying on tens of nodes.

I want a healthy robust network that is capable of withstanding various attacks. I run a node on every computer that I have access to.

Isn't the most threatening attack one of 51% of the computing power confirming most of the blocks?

They will attack bitcoin economically not with overpowering mining force.

That is quite logical, indeed.

They will not risk attacking using weapons they are not experienced with, but with the ones they handle well. They will keep using their usual methods, slightly modified for specifics of the Bitcoin economy.

Suppose they figured out that bitcoin was going to replace current monies in time to do something about it, maybe they would buy bitcoins and enjoy continuing to be wealthy.
1072  Bitcoin / Bitcoin Discussion / Re: Miners operate the majority of Bitcoin nodes. on: October 07, 2012, 01:39:50 AM
Don't the vast majority of miners not bother with a node? They are in pools and just take work orders right?
1073  Economy / Service Discussion / Re: SealsWithClubs Affiliate Program - 20% for life on: October 07, 2012, 12:36:41 AM
For a brief time we had separate affiliate accounts, but the new system is more integrated and will be easier to improve as needed.

Making a seals account is actually faster and easier than making an affiliate account used to be and if you happen to be a player it is now only one account that you need to login to in order to check on things.

Once you have a player account (really it takes seconds) just email micon at affiliates@sealswithlcubs.eu or myself at admin@sealswithclubs.eu to be set as an affiliate. We aren't looking for spammers so just give a brief idea of what you plan to do and you'll be in.

Once you are logged in to your account you will see a link to images, more and better ones will be coming.

1074  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: October 07, 2012, 12:04:48 AM
Fraud, fraud everywhere.
What a sentiment?

FRAUD?! In anonymous money transfer? OH MY GOD! HOW?!! WHY?!

Go to Newbies section again and read rule #1: Don't trust to anyone

But it is starting to appear that most old timers here are turning out to be scummy. One day trusted members if the community.
The next shutting down website or biz due to fraud, incompetence, hacked, etc,... You name it.
This is supposed to be bitcoins foundation yet appears to be built on sand. No one wants bitcoin unless you can trust another party.
Otherwise what is the fucking purpose of it?

I'll take bitcoins from anyone, it's PP, checks, etc that you don't want to take from untrusted people.
1075  Bitcoin / Bitcoin Discussion / Re: What will the state do? on: October 07, 2012, 12:02:17 AM
You guys have a real paranoid streak.  The feds don't give a shit about bitcoin.  You can't buy food or land with it, and the entire economy is only worth about 100 million.  Besides, the rampant constant scamming done with it is doing more than enough to ensure no one will ever trust it on any large scale.

Must be true since TheBible tells me so..
1076  Bitcoin / Bitcoin Discussion / Re: What will the state do? on: October 07, 2012, 12:00:44 AM
Bitcoin is not decentralized. It is actually very centralized. Bitcoin is not just the network and the protocol. Bitcoin is also about mining. A coordinated action in just 24 hours can shut down a dozen mining pools and that will be the end. In the original paper Satoshi talked about CPU mining, not GPU mining. Technically the weakest point is not the exchangers but centralization of mining activity!

Miners will keep mining at the shutdown pools you think? Probably they like getting paid so no.
1077  Bitcoin / Bitcoin Discussion / Re: What will the state do? on: October 06, 2012, 08:15:12 PM
It's a sure bet that a majority of the people working in the Federal system have no idea how bitcoin works, assuming they've even heard of it. Bitcoin's strength is that it's an idea first and foremost and a currency/commodity second. Ideas aren't valued in the upper realms of American "culture" anymore since only the $$ signs matter.

Of the small percentage that work on the Fed Farm that do understand bitcoin, I'd also bet that at least some of them actually LIKE the idea. If you're smart enough to grasp how bitcoin works, you're also smart enough to know why the current economic system won't work anymore.
I think this raises an interesting question. We often talk about "the state" as though it's a single conscious entity. Of course, "the state" is really a fiction. It's just a bunch of smaller organizations, and those organizations are really just a bunch of people. And the same is true of the corporations / banks / financial elite that control the state. Bitcoin is on the radar of at least some of those people.  But which ones? And which ones see it as a threat?  And which ones really understand the enormity of that threat?  In other words, which ones recognize that Bitcoin is not just a way to "launder money" -- it's a way to replace money?  And as you pointed out, if they really understand Bitcoin doesn't that mean that they're also likely to understand how corrupt and broken our current monetary system is, making them likely supporters? (To know Bitcoin is to love Bitcoin, right?) How do you see the decision to attack Bitcoin being made? At what point? By whom?  It would be interesting to know how the decision was made to go after e-Gold and the Liberty Dollar.  

And (sort of related), this is why I have somewhat conflicting feelings about the Bitcoin Foundation. And part of me is astonished that the developers aren't all, like Satoshi, maintaining their anonymity. Don't they realize how subversive Bitcoin is?! Don't they realize the threat it represents to the defenders of the status quo? But on the other hand, I also think, well of course they don't need to be anonymous. They're not doing anything wrong or illegal.  And there's something to be said for self-fulfilling prophecies. If you expect others to view you as a threat (and act accordingly), they're much more likely to view you as a threat.  If you expect acceptance, you're more likely to receive it.

Thoughts?

Most of "the state" (smaller orgs and individuals) take dollar dominance completely for granted. They can't mobilize against an impossibility. Likely a few sub-state orgs do fully understand, but they can't get much cooperation on a big mission without starting a panic themselves. It would be like shouting that there is a mouse in the movie theater. No one listens to you probably, but maybe you can make the mouse sound super-powerful and evil but if you succeed you've mostly convinced people that you do not have the situation in hand.
1078  Other / Off-topic / Re: What does your username mean? on: October 06, 2012, 07:14:29 PM
Free like free speech not like free beer!
1079  Bitcoin / Bitcoin Discussion / Re: The Origins of Bitcoin on: October 06, 2012, 02:00:11 AM
Nice!

If you wanted to go longer I think it would be cool to make the speed increase in proportion to time since the beginning. At first each new tx/new block is a bigger visual change, but by the end it gets pretty slow seeming.
1080  Economy / Gambling / Re: SealsWithClubs.eu - Biggest Bitcoin Poker Site - Ring games, MTTs and Freerolls on: October 06, 2012, 01:52:43 AM
Any way we coud get a nightly "SUPER" NL and/or PLO MTT at 6PM-10PM Pacific for 475+25-950+50 BI

The medium-high ring games ususally get crazy (big pots) during/after "big" MTTs.  Thanks for any consideration and great job on the site!

Historically tournaments without guarantees have flopped. We had a nightly 500+25 at 9pm for a long time and it rarely got a full table. We are expanding the guarantee schedule, but they are risky and I don't want to overextend and have to pull back since a steady schedule makes it easier for players to plan. So.. more coming, but slowly.

Currently:

Mon 10BTC guar PLO
Wed 5BTC donkdown freeroll
Sat 5BTC guar w/ 0.1BTC entry
Sun 60BTC guar 2BTC entry
3am 3BTC guar
The Drifter 4BTC guar runs every 25 hours
The Half Hour 0.4BTC guar
The Hourly Freeroll for .05BTC
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