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1281  Economy / Gambling / Re: SealsWithClubs.eu - 10BTC prize for straight flush on: September 10, 2012, 08:06:47 AM
The Drifter 4000 guarantee starts in less than 2 hours. This is that late late night game some people we're asking for. This data will be used for scheduling.

Monday night at 9pm ET is the 10BTC guarantee PLO game (leaderboard points also awarded).

And starting at 11pm ET Monday the first straight flush made at a No Limit Hold'em ring game wins a 10BTC prize, all stakes included. This prize will be won, there is no deadline.
1282  Bitcoin / Development & Technical Discussion / Re: Date for 25 BTC per Block on: September 10, 2012, 02:08:48 AM
"make block reward 100 BTC instead of 25 BTC" might something the "syndicate" could decide... bitcoin would drop to 0.0001 USD in no time, though. This is why I highly doubt a majority of pools ops would do such a stupid thing.

More importantly, the rest of the network would reject those invalid blocks.

I think his point was that a "syndicate" of pool ops could form a majority of the network and go rogue, forcing everyone else to either accept the changed rules or risk breaking the network due to having much less hashing power to secure it.  Right? (not that I think this is likely to happen.)

Miners would notice that 25 accepted, valued bitcoins are worth far far more than 100 do whatever we want accepted nowhere bitcoins so profit motivated miners will secure the valuable chain for valuable pay.

Anyone at any time can start assigning themselves 100000 'bitcoins' or 'hokeycoins' or whatever they want to call them. All that matters is that people want is real bitcoins and they don't want that crap. Break the rules and everyone knows you don't have bitocins, they know it automatically, you just get ignored.
1283  Bitcoin / Bitcoin Discussion / Re: A Letter to Matthew on: September 09, 2012, 11:20:12 PM
Really,

Another thread.

You guys really are Matthew's fools.



If you're trying to argue that Matthew should've never been trusted in the first place, then obviously you're correct.

However, it's somewhat disturbing that people are criticizing those who did trust him. It would be like me going up to a friend of mine, who I'd built a relationship with, and punching him in the face, and then saying, "LOL you idiot you shouldn't have trusted me!"

Again, I wasn't involved in this bet in any way. It's simply a case of being severely let down by someone I had admired and defended.

I think he's saying that all matthew wants is all the threads to be about him instead of pirate and everyone is helping.

Mostly I agree, but this thread was fine imo, good OP.
1284  Economy / Service Discussion / Re: Are people over-reacting on MNW's bet? on: September 09, 2012, 10:56:00 PM

I would point out that it is useful information to look at the persons defending Matt and their arguments.  It provides an insight into their thought processes and a good reason to avoid doing business with them.  Those defending him are saying it is ok to lie, cheat, and break agreements as long as funds don't change hands.  Those aren't the kind of people I would want to be involved in a trade with.

+1
1285  Bitcoin / Bitcoin Discussion / Re: [ANN] The world's first handheld Bitcoin device, the Ellet! on: September 09, 2012, 09:10:53 PM
Any updates?

We're working on a new investor proposal right now for manufacturing.

I'll bet (not with you) that that's going to be one goddamn tricky document. Good luck hiding the ridiculous loopholes!
1286  Economy / Gambling / Re: sucked out on: September 09, 2012, 08:58:56 PM
When i first found seals room i thought nice, a btc poker room, but on the second thought i got this:

I know nothing about their business and how serious it is handled, it could be highly professional or a 1 man business in a garage with a teenager behind.
The second thing is connected to the first, its the security (how secure are the server(s) and if the game server is compromised are all fund at risk) and collusion prevention.
From the poker community i know that its not uncommon as soon as some nice amounts are involved there are professional colluders if the poke rroom does not prevent it.
On the website i could not find any terms of service or a privacy statement or a company associated. From this perspective i would not deposit a single coin there.


I run Seals.

A server breach would be very bad, but it would not result in loss of all coins, the large majority of coins are off server and encrypted.

There have been some simple collusion attempts quickly caught. It's not possible to completely stop collusion, unfortunately. As we grow we'll be able to dedicate more resources to that. You should always watch out for and report anything you think is suspicious to us at admin@sealswithclubs.eu.

Regarding privacy, we don't want your info and promise not to share any info you happen to end up sharing/revealing to us.
1287  Economy / Lending / Re: poker winnings on: September 09, 2012, 05:44:04 AM
Obviously be careful giving money to strangers.

There are games where we (Seals) add money which can make even somewhat bad players favorites.

The Sunday game has been hitting the guarantee lately so nothing added there, but "The Drifter" runs every 25 hours and it is a 4BTC guarantee with just 0.25BTC to enter. Last night it only got 6 players so we had to add 2.5BTC. It runs at 5am ET today.

So there could be legitimate value if done right.
1288  Economy / Trading Discussion / Re: Money Management for Unregulated Securities on: September 09, 2012, 05:36:28 AM
Also, just because something has normal or bad returns doesn't mean it's safe.

Also, even if you are somehow sure something isn't a ponzi, it's still probably a bad idea to send money to a stranger with (or without) a plan.

Also, regulated securities suck too.
1289  Economy / Speculation / Re: Move from $5 to $10 on: September 09, 2012, 05:31:30 AM
Thousands of people trade bitcoins and the price stays the same, but when there's a huge move it's always one person, that's just the only thing that makes sense. I mean two (or more?!) people at the same time (same time like summer, you know) deciding they want more? Unpossible.


1290  Economy / Service Discussion / Re: Should we save Bitfloor? on: September 09, 2012, 12:20:11 AM
If it is so good that it's worth saving then it can be sold for what is owed or more or close.

I doubt it's good enough to warrant that by a long shot.

Any part of it that is good can be sold to someone who will probably use it in a safer way.
1291  Other / Beginners & Help / Re: Why do people play satoshidice? on: September 08, 2012, 04:46:37 PM
Huh BTC laundering? As a newbie, I need an example please.

Because they are such a large site you can deposit coins and get back different coins than you sent them which means you have effectively "laundered them".

But I was told that such a single traceable coin doesn't exists! They're only values linked to transactions. You can't get different coins because you din't send coins. You can track transactions, not coins.

The transaction trail is you-->satoshi dice-->you and anyone knows it because they know all the satoshi dice addresses.
Exactly why it cannot be used for money laundering! It is equivalent to leaving the coins in the address, money-laundering wise, and equivalent to losing ~2% of your coins, expected value wise.

Yeah, that's what I'm saying.
1292  Bitcoin / Project Development / Re: Bitcoin crowdfunding - a small project needs support on: September 08, 2012, 08:57:11 AM
Nice site, difficult name.

I think it's pronounced "quickie".
1293  Bitcoin / Bitcoin Discussion / Re: Bitcoin prediction market? on: September 08, 2012, 08:27:49 AM
It's sad to think that this code is probably going to rot somewhere, when it could be put to good use.

Maybe the community could pool money to open-source it?

A while back I talked with the owner of BTFuture.com which appears to be a working or nearly working but abandoned site and he is willing to sell but we never got as far as actually negotiating price.

I decided that I didn't like having to manually adjudicate results and didn't see a way around that.

I just checked and the site is gone.

The first step would be to find out how much money the person wants.

I just checked and I was corresponding with jack @ btfuture.com. Since the domain seem to have changed owners I doubt you can get him there anymore.
1294  Other / Beginners & Help / Re: Why do people play satoshidice? on: September 08, 2012, 08:00:46 AM
Huh BTC laundering? As a newbie, I need an example please.

Because they are such a large site you can deposit coins and get back different coins than you sent them which means you have effectively "laundered them".

But I was told that such a single traceable coin doesn't exists! They're only values linked to transactions. You can't get different coins because you din't send coins. You can track transactions, not coins.

The transaction trail is you-->satoshi dice-->you and anyone knows it because they know all the satoshi dice addresses.
1295  Economy / Service Discussion / Re: Discussion about 10,000BTC Bet (Official) on: September 08, 2012, 07:56:35 AM
Even the slightest hint of a collusion with pirate, and no one will pay, its an unfair bet.

I think Matt may have had every intention of paying at first, but it grew out of hand, and now hes just going to see how high the community will push it...hell end up taking his scammer tags and say it was a lesson to teach us all about being greedy and how easy it is to be scammed. The irony being that no one got scammed, b/c very few expect him to pay.

I could be way off base, but that's what I think is happening here.


I will pay my bet even if there is 100% proof that Matthew is pirate.

And if I lose I'll be paying it on the 9th.

When I bet my money I fully expected him to pay and not paying bets is a scam whether the other person expected it or not.
1296  Bitcoin / Bitcoin Discussion / Re: Bitinstant brokering extortion threats? on: September 08, 2012, 06:10:59 AM
All they see is the biggest retail player in the bitcoin world offering to broker an extortion threat.

There is nothing wrong with helping someone who is blackmailed come up with the money,

This is not about some fine point of theoretical law, it is about public relations.  Show the Forbes article to your grandmother and ask for her immediate gut reaction.



The severely mentally handicapped is the only demographic coming to mind that matters less than grandmothers here.
1297  Bitcoin / Bitcoin Discussion / Re: Bitinstant brokering extortion threats? on: September 08, 2012, 06:09:16 AM
Besides the whole thing (taxes, hiding tax paperwork from people you expect to vote for you, pretending (or actually doing it) to steal tax paperwork) being a huge farce, lets just say someone wanted to pay a million dollars worth of bitcoins to some anonymous punk, they would probably appreciate free help from someone who can get that done.
1298  Bitcoin / Bitcoin Discussion / Re: Bitinstant brokering extortion threats? on: September 08, 2012, 05:51:18 AM
My jaw is still on the floor after reading this:

  http://blog.bitinstant.com/blog/2012/9/6/a-friendly-offer-for-mitt-romney.html

Have the people who run bitinstant gone completely and utterly nuts?

Never mind the fact that the threat is certainly a hoax; the hoaxers didn't even bother including even the simplest proof that they actually have the goods (i.e. FY2009 page 12 line 13 is $18.99).  The average person on the street who reads the Forbes article about your idiotic offer does not know this.  All they see is the biggest retail player in the bitcoin world offering to broker an extortion threat.  How on earth could you possibly think this would be a good thing either for bitcoin or for your business?

Congratulations, Erik Voorhees.  You are responsible for event most damaging to bitcoin's reputation thus far.  Way to go.

Maybe your next OP can be "MTGOX funding online gambling!"
1299  Economy / Gambling / Re: Gamble on Medical Marijuana - now paying 1::3 on: September 08, 2012, 05:50:22 AM
Seems a much less capital intensive business that takes advantage of dispensaries mainstream money woes would be to be the bit-pay of colorado pot.

I could maybe bankroll or provide liquidity for something like that.
1300  Other / Off-topic / Re: Why is blackmail illegal? on: September 07, 2012, 11:33:14 PM
Is it even illegal all over? How do they word the law usually?

Law is a joke, selectively interpreted and enforced, it's just a club used by people in control to stay there.

Absolutely no law enforcement is going to care if I get blackmailed. At best they would think it funny if I complained, possibly I'd be charged with interfering with their 'important' work.

"Officer, my brother copied my tax forms and is threatening to post them on his blog if I don't give him $1000 (in bitcoins lol)"
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