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2201  Economy / Speculation / Re: waiting for bitcoinica to buy 18k btc(+shorts) wait some more on: May 20, 2012, 06:05:36 PM
They buy it privately people, if you actually see 18 k buy I would be amazed..



You figure they know someone who has 18k on hand who doesn't want to keep 18k on hand?

I'm not saying no one will do a private 18k sale, but that sort of person will probably be passing that demand right back into markets you can see.
2202  Bitcoin / Bitcoin Discussion / Re: 400 BTC sent to an unknow address. Help please 40 BTC reward. on: May 20, 2012, 05:59:38 PM
Jesus...

a fool and his money soon part...

Not nice to kick the guy while he's already down...  Roll Eyes
That's kind of the point. If Bitcoin is like cash and this is like losing a wad of cash, who does that? It happens very rarely with fiat cash, but frequently with Bitcoin.

I think they are both pretty rare (by which I mean people lose cash 1000000x more often that bitcoins). If there is some loss-per-use-imbalance against Bitcoin it's because people have had way less time and practice with it.
2203  Economy / Gambling / Re: Free Bitcoins @ Sealswithclubs.eu - Bitcoin Poker on: May 20, 2012, 03:23:12 PM
The Sunday 60BTC guarantee game has had coins added every week for a while, good value. Don't miss it, 6pm ET.
2204  Economy / Speculation / Re: To Roth or not to Roth? on: May 19, 2012, 01:12:44 AM
Some pretty heavy shit would have to be going to for them to confiscate IRAs or gold. But when they want to confiscate IRAs it will be 100% success, no chance to keep it. When they want gold it'll pretty much be people turning it in voluntarily for some kind of payment.
2205  Economy / Gambling / Re: Using SHA512 hash as random number generator for Gambling services on: May 19, 2012, 12:57:03 AM
SHA256 guarantees that no two tickets will have the same hash.

That's not true.  There's no guarantee that SHA256 doesn't generate the same output for two different inputs.  In fact in general it's guaranteed that there are collisions in any hash function, since the input space is infinite and the output space is finite.  In practice of course it's incredibly unlikely that you'll ever have two tickets with the same hash.

Right, a miner who plays more than 50 coin worth is incentivised to throw out a losing hash

If he's mining in a pool, he doesn't need to have anything like 50 coins worth of lottery tickets, since the block he throws away won't cost him very much at all.

Gah, thx, how have I never thought of that.

Odd effect. If games dependent on the hash of blocks become popular it could actually start to hurt pools. Hurts bigger pools more than smaller because what you give up is something like your power/pool power times reward.

Player-miners would just need a little but of code to let them set rejection criteria and then start cashing in their teeny edge.
2206  Bitcoin / Press / Re: Award winning game designer publishes a game that can only be purchased with BTC on: May 18, 2012, 06:09:31 AM
49,00BTC?

http://www.nestorgames.com/#unitydeluxe_detail
2207  Bitcoin / Bitcoin Discussion / Re: A public apology to Donald, Patrick and Amir ("Intersango guys") on: May 18, 2012, 03:00:13 AM
The hacker wrote "EXPECT MASS LEAK" in transactions from the stolen money. We can only assume he has a copy of the database, so he has access to all the information needed to make a claim.

Almost.
Unfortunatly (for the hacker) he doesn't control user's email accounts, and he has no access to users ID documents.

And he ought only have hashes of passwords.

Link me to more detail on the "EXPECT MASS LEAK" message?
2208  Bitcoin / Project Development / Re: SUCCESS! The First Grade School Bitcoin Project! on: May 17, 2012, 05:08:06 AM
Lucky generation! They just might get their free money.
2209  Economy / Speculation / Re: To Roth or not to Roth? on: May 17, 2012, 01:25:22 AM
Bitcoin. Gold if you need a hedge. Forget about putting government money into government companies on government terms. Peak government is here, it's a bad time to buy in.

Meh, the vast majority of my Roth is in SPXU (3X short of S&P500) at the moment.  Sure, I might never get the money back, but it sure is growing fast Wink.

Ha, around the time I closed mine out it was unclear whether shorting would get you sent to Gitmo or not.
2210  Economy / Economics / Re: Victoria Grant explains Fictional-Reserve Banking and why everything is crashing on: May 17, 2012, 01:18:12 AM
What if someone said "Hey, I'm making up numbers and writing them in this book". Fraud?
2211  Economy / Speculation / Re: To Roth or not to Roth? on: May 17, 2012, 01:06:07 AM
Bitcoin. Gold if you need a hedge. Forget about putting government money into government companies on government terms. Peak government is here, it's a bad time to buy in.
2212  Economy / Economics / Re: Am I misunderstanding this or? on: May 16, 2012, 10:05:10 PM
If bitcoins are so valuable to you that you won't spend them near the market rate on stuff you want then you should buy more coins until they aren't so precious to you. If you never reach the point where you'd rather have a dollar or a thing than a bit more coin I'll be very surprised. But if you do, then you should just start working harder or smarter to get more coin. Working harder/smarter just -might- involve using your only asset (now some bitcoins) to get some other thing to improve your bitcoin getting ability.

Short answer: People actually want lots of things and balance them as they like.
2213  Economy / Services / Re: Bitcoin Camming Site on: May 16, 2012, 07:25:26 PM
I have some requests that might improve the btc side of cam4btc:
  • URI and QR code support
  • show the amount received by the posted address since the beginning of the broadcast
  • include 0-confirmation sends in this
  • detect and filter double spends from this (can't do anything about finney attacks, but they're tips, so it's probably not a big deal)


It would be very cool if everyone saw a tip come in realtime. But no worry about double spends here imo.
2214  Bitcoin / Bitcoin Discussion / Re: Fort Myers, FL area bitcoiners? on: May 16, 2012, 06:36:26 PM
I'm still nearby. BUMP.
2215  Other / Meta / Re: Tired of the hate campaign on: May 16, 2012, 04:25:43 PM
You are probably all wondering how I avoid posting hateful things so well. The truth is I haven't actually written 4772 posts here, it's more like 10000. I just write the post and click on "Home" instead of "Send".

I do that a lot too. So much time wasted.

Haha, there is time wasted for sure. But the time wouldn't come back if I pressed Send anyway.
2216  Other / Meta / Re: Tired of the hate campaign on: May 16, 2012, 04:19:08 PM
You are probably all wondering how I avoid posting hateful things so well. The truth is I haven't actually written 4772 posts here, it's more like 10000. I just write the post and click on "Home" instead of "Send".
2217  Economy / Economics / Re: Speculate about the year 2020 on: May 16, 2012, 04:02:33 PM
A .001 is a millie. A kilocoin would be 1000!

But the unit to watch in 2020 is the mike, .000001.
2218  Other / Off-topic / Re: Bitcoin - fitter than your old fiat dinosaurs on: May 16, 2012, 03:27:36 PM
you don't know, but you know.
2219  Economy / Games and rounds / Re: The ∑ Number Game - Week 5/9 to 5/16 BTC Pot: 10 BTC [Closed] on: May 16, 2012, 03:27:51 AM
My thinking here was that probably only one person would come in after my early bid and I didn't know if I'd remember to come back and 1-up them. So I gave them a chance to choose peace and just take a half chance by playing 16 and leaving me the top half. But in fact I was here right before time and no one else was involved still so I took the bottom too.

I have a game in mind I want to try, gotta think on it a tad more though. Now I have some seed money for it!
2220  Economy / Games and rounds / Re: The ∑ Number Game - Week 5/9 to 5/16 BTC Pot: 10 BTC [Closed] on: May 16, 2012, 02:30:36 AM
Funds in the amount of 10.9 BTC have been sent. Please confirm.  Grin


http://blockchain.info/address/1C1F5G7xm8odoDGP8ajZZHCfKCPZDS2zFb

Confirmed.
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