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Someone go check what happens if you sell 10% of all USD for EUR in the morning.
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There will be 21 million ever and he doesn't want any, better that other people have them then, nice of him to get out of the way.
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Also the value could double as easily as halve and if he thinks otherwise he has a worse opinion of the value than average and obviosly should not accept it in his store.
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The guy wants dollars, let him have dollars. Accepting bitcoins is awesome for people who want bitcoins. If for some reason customers really want to spend bitcoins and you want dollars use bit-pay or similar to avoid volatility and losing sales.
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I would say "low transaction fees" although remember it is very likely free tx will remain viable for a long time. It won't be realtime but if you are willing to wait hours or days I am sure someone will include it for free. Still low/free can be very very low. If Bitcoin scaled to PayPal sized network (~50tps) that would be roughly 1.5 billions transactions per year. If avg fee was $0.01 USD it would be the cheapest payment platform by far and would still generate ~$15 mil a year to fund miners and protect the network.
Miners dont have much choice to refuse tranactions yet if they want the population to use bitcoin ,nobody is going to wait a few days on transaction (if transactions are not processed ,all the coins will be worth zero ) if free transactions are not processed people will pay a small fee. Possibly the cost of tx will make bitcoin transactions less desired, but otoh perhaps it will raise demand as people need coins to pay the fees. 15M plus whatever coins are worth in that scenario times the subsidy. |
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How did you pick the name TTbit.com?
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I mean mistakes happen and I feel a little bad for you, but if you even glanced at what you were pasting you would see "1dice...".
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Doesn't Mike Hearn, a bitcoiner himself, work for Account Security at Google?
Maybe ask him for help with the Gmail access logs, Zhou Tong?
The hacker used Tor for all online communications. I'm looking for alternative ways to locate the person. I have to say that it's not a good choice for AurumXchange to not include me in the investigation in the first place. I skipped a few classes this afternoon to deal with this mess. However, I have to admit that their intentions are understandable. It's just the fact that 90% of people believing me to be the hacker is driving me mad. Which classes? Just curious. |
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What would the algo do if the price went straight up?
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This is just showing that Brazil is not going to be the place to do bitcoin related business, I don't believe that other first world countries will be following suit. This seems like a lazy decision by some official "what? bitcoin, Reals whatever, you need a 'licence' to continue".
Why? What are they doing besides linking to his thread? I can't figure it out, maybe they are doing something. |
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As we all know with the recent plausible evidence of Zhou Tong being the Bitcoinica hacker, we should recall the generosity of this theft compared to MyBitcoin.
Zhou Tong offered a 5,000 BTC refund of the 100,000+ BTC stolen. If we use 100,000 as optimistic estimate of the stolen coins, 5,000 easily amounts to 5%.
Looking back on MyBitcoin, they offered 49% of the total 154,406 stolen.
Whats the verdict? MyBitcoin was more generous than Zhou Tong.
Only if Zhou Tong promised to pay back 5%. He didn't just promise, he performed. Whereas Tom Williams only promised, paying back nothing except to Bruce Wagner his 25,000 BTC. Big difference. (somebody please correct me if I'm in error)~Bruno~ You are in error, 49% was returned. |
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I hope they start locking his account on this forum. There is a lot of incriminating evidence on all this posts over the last year. Uh, how would that help even if there was 100% proof? How would it not help? A few pages back he entered the LastPass account again without authorization. It probably doesn't matter much at this point considering no one is going to trust bitcoinica with money anymore, but if a company doesn't bother to change passwords after hacks it's worth noting. |
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I hope they start locking his account on this forum. There is a lot of incriminating evidence on all this posts over the last year. Uh, how would that help even if there was 100% proof? |
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Response to Gizmodo’s “The Secret Online Weapons Store That’ll Sell Anyone Anything” S H Blannelberry 2012-07-25 http://www.guns.com/gizmodo-secret-online-weapons-store-armory-10063.html... What are Bitcoins worth? Well, as the author explains, the Bitcoin/Dollar exchange is roughly 9 to 1, meaning one can purchase a 9mm Beretta 92FS with "No scratches or dents, very slight wear from extremely light usage" for 338.69 bitcoins or a little over $3,000. For a law-abiding citizen, the same gun will cost one $650 to $800. See, crime doesn’t pay! ... rofl, what an oversight. Buying guns might not pay... use your imagination. |
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Uh huh, what we love and how we get it is bad, we're naughty, we get it.
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I don't think a redesign of the site will mean increased influx of new users.
I'm all for improvement, but this won't tap any new userbase. It's not like you happen to see this awesomely designed silkroad page by some accident and then do business on it because it's so pretty. It's also not like you want to order some drugs and are then driven off by a crappy design.
I think when something looks professional the feeling while ordering there changes(less criminal) and this will increase user amounts, not very quickly at first, but gradually the userbase will grow and people will tell friends more quickly about the site. Check for example http://www.aromaticpowder.com/The site doesn't really look shady, but it's still offering chemicals for ingestion(although they are legal in some countries and they state their products are not for human consumption). This changes user experience. Wow, the 4-MEC crystals cost negative -6.05 per gram. SR should sell things for negative bitcoins imo. But yeah, people are going to be more willing to show friends the better it looks, and that's got to be a prime driver of sales. |
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Following zero tolerance, anyone in position of FRNs should be arrested for drug possession.
Maybe some day soon. Time to drop those rags! |
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Just jump forward a few years and mark every category 100%. But who cares? Some of the atoms in your body used to be in the body of a serial murder/rapist. I won't let it affect my view of you. This thread otoh...
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It seems kinda obvious that no one will see pirate this week end and that he will just vanish
The whole thing is a bait in my opinion, a "grand final" in some sort
Edit : if he show himself he will probably avoid pictures and anything that can trace back people to him
Really? It is obvious? Like 10 to 1 obvious? Want to put up some coin vs me on that? We'll pick a few trustworth people who plan to go and if one of them sees him I win. Edit: I'm not nearly as sure, but I'd take action on a picture too. |
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