2361
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Bitcoin / Press / Re: 2012-04-27 Stripping For Bitcoins
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on: April 27, 2012, 03:17:09 AM
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The guy got almost 100$ on his address. Why??? I mean there is myfreecam.com where you get video for free. Why do people tip for really lousy pix?
They write firstbits on their bodies ok? It's hot.
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2364
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Economy / Service Announcements / Re: Bets of Bitcoin - Bitcoin betting on real world events
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on: April 26, 2012, 11:41:50 PM
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How much difficulty would it be to make deadlines at a certain time instead of midnight?
If I put up a statement like "A player who's username starts with A-M will win the Sunday 60BTC Guarantee at Seals" 90% of the action would happen in the hours leading up to the start time.
I can do it manually for you. Email me after the submission. Page will still show midnight but the countdown and other calculations will work fine. We can add a clarification in the item description. BTW is that statement publicly verifiable? Games can be watched by anyone, but results are not easily available afterwards right now. I can and will fix that though, then anyone can make any statement about our tourney results and you'll know where you can look for the results.
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2367
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Bitcoin / Bitcoin Discussion / Re: [ANN] Instawallet will we down for a few hours
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on: April 26, 2012, 04:10:54 PM
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I'd prefer your ToS say that as long as the site is running, the users' bitcoins are safe and will never be used. I'd also like to see that a warning will be posted at least 90 days prior to any known permanent shutdown of the site. JMO, take it or leave it. SgtSpike, you would qualify for a good scammer I guess. I mean if I don't check that site in 90 days (they can't mail me neither), they should legally own my coins without me shouting "SCAMMER"? No way! If bitcoin goes through the roof now, they put some notice that the service will be discontinued by blabla and start walletinsta.com instead? I would expect to have all the funds available for 10$ processing fee for years after closing the service. You can't just take your user's money. (I mean legally you might be allowed to do so after a certain time but for me bitcoin is still very much about honesty, trust and reputation ... or anarchy if you prefer that word.) If they post before hand that 90 days warning is their policy can you use the service and still complain? Also, $10 fee? So it is ok with you to take all of the small deposits?
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2368
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Bitcoin / Development & Technical Discussion / Re: To developers of Bitcoin ad option to send BTC of total value X in currency Y
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on: April 26, 2012, 04:01:25 PM
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The reference implementation (Satoshi client) should definitively not link to any centralized source of information, specially for an unnecessary future.
And even the suggestion above of letting the user specify the exchange source, I don't know... IMHO, the developers of the main client should focus on bitcoind and the protocol itself, i.e., "core development". User-features like that would be better left for the developers of fancy clients like Armory or Multibit... Maybe even the development of the QT GUI should be completely decorrelated from the reference implementation (bitcoind), and become a client of its own... the "Satoshi client" would be only bitcoind, no GUI, so to avoid the development of one thing to interfere with the development of the other.
+1, just agree on a rate or an amount of coins with your trading partner.
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2370
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Other / Beginners & Help / Re: Bitcoin Businesses and Developers, Let's Get Started!
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on: April 26, 2012, 02:10:32 PM
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I am a PGA professional who holds accounts with several golf manufacturers including Adams, Bridgestone, Callaway, Cleveland, Cobra, FootJoy, MacGregor, Nickent, Nike, Ping, TaylorMade, Titleist, Wilson, etc. I wish to offer golf clubs, bags, balls, apparel, and accessories to bitcoin users! These clubs are NOT KNOCKOFFS or Asian fakes like you can run into on eBay. These are drop-shipped directly from the manufacturer to you! Anything that an individual can purchase in our golf shop can also be purchased with bitcoin online @ CryptoGolfer.com. The site is nearly complete. Currently accepting bitcoin via Bit-Pay's checkout service. Adding new clubs and accessories daily. If we don't have the golf related item you're looking for listed on our website, just send an email with your request to thepro@cryptogolfer.com and we can get it for you! Promo's and discounts currently in the works. We are planning a SealsWithClubs.eu poker tournament! Winners not only receive bitcoin prizes but golf balls and accessory packages as well. Merchandise can also be purchased with Seal's chips for even greater discounts! Info on these and other promos are being added to the site shortly. http://www.cryptogolfer.com/I can vouch for this guy. You won't be disappointed.
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2371
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Bitcoin / Development & Technical Discussion / Re: What is the diameter of the Bitcoin network?
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on: April 26, 2012, 03:34:15 AM
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The electricity alone costs about $15K per day at average US power rates. They would do something else.
MoonShadow, 15K a day, for the USA, is a rounding error or even less. spiccioli Again, that's after they bought the hardware and built the most powerful supercomputer the world has ever seen, and did so while outpacing not just the current network growth, but also the reserve hashing power of the network. Something like this wouldn't go unnoticed or unchallenged by factions within the government itself, due to the cost of construction alone. I would think many marginal miners would actually leave during an attack not knowing if bitcoin will go a going concern, probably the doubt will be reflected in the price and the decision will be more or less automatic for some. Power held in reserve by people with a stake in Bitcoin might come online, but there is no reason to think a random miner who turned his rigs off when the price dropped below $7 will run to turn them on when Bitcoin is in trouble and the price is lower. Still I don't think we have to worry, 'they' will probably spend a year discussing whether mining ought be made illegal, a year implementing regulations and then make a futile effort at enforcing before realizing that they needed to be mining themselves (now illegal though, whoops).
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2372
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Bitcoin / Bitcoin Discussion / Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ?
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on: April 25, 2012, 04:27:49 AM
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I think in this case the network effect has diminishing returns (so maybe not a network effect?). Imagine two exchanges one 10x Gox size and one 1000x, what is the spread and does it matter for 99% of people? They'll care way more about customer service and wires that take only days. It seems to me the benefit of being with more traders is not dynamic at all and quickly hits a wall.
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2373
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Economy / Service Discussion / Re: CoinLab obtains $500k in seed funding
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on: April 25, 2012, 03:49:59 AM
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I like the idea that a bitcoin startup got funding but it is a bad idea.
Making games is all about content. If they make the next angry birds it will not matter if it is mining in the background or not. They would make more money from ads or added cost in game content (hopefully paid with bitcoin). If they make game that sucks, it will not matter that it mines or not. There is nothing really new here and mining is so hard that the BANDWIDTH alone will make it not worth it on machines without GPU's.
So it all boils down to... can they make a good game. At least with this mining in the background business model.
I also think it is a bad idea, though I wish them luck. But I don't think they plan to make any games. They are going to go to game makers and offer it as an alternative to ads or charging.
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2375
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Economy / Gambling / Re: SealsWithClubs.eu - Active Bitcoin Poker Site, Open To All Players
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on: April 24, 2012, 01:07:26 PM
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Anyone know whats going on with the half hourly games? i'm down 100 chips in failed games.... plus what i could have won
Failed games? What do you mean? edit: Ah, it looks like it didn't run a few times. Were you the only one registered? It needs two to run. When that happens you don't lose your money, you either get to play the next one or you can take your 50 back by unregistering.
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2377
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Economy / Speculation / Re: Why do people think mining is less risky than buying, anyway?
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on: April 24, 2012, 02:43:02 AM
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Mining profitability doesnt depend solely on difficulty or price. It depends on the ratio of both
Actually three things: price (exchange rate), difficulty, and your own costs (capital+electricity). You can hedge out price -- short the coins, which is just another way of selling them before you mine them. Costs are something to compete on: it's the only one of these three axes where one miner is different from the next. Unfortunately you can't compete without exposing yourself to difficulty risk -- it can't be hedged out. Farmers have a similar problem: if you can grow corn more efficiently than your neighbor, you sell corn futures so you aren't exposed to sudden changes in the demand for corn. Then you can just focus on being a good corn producer. Blockchain difficulty futures would be really useful, especially as we get closer to the block reward halving -- let's be honest, nobody really knows how that's going to play out. Or, if you think you know, you ought to be trading difficulty futures to make money off of your foresight. I've contemplated setting up a blockchain difficulty futures market a couple of times now. I think miners would use it, but I'm not sure there would be enough people taking the other side: effectively betting that a certain difficulty growth rate won't be exceeded. The end result would be a uselessly-large bid/ask spread. Do it! People will make market for profit for sure.
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2378
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Bitcoin / Project Development / Re: Tutorial: creating a bitcoin instawallet clone with python and django
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on: April 23, 2012, 01:16:20 AM
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I just had an idea. Make an instawallet with a "Double or Nothing" button. Just a huge irresistible button that either doubles your balance or takes it all. Take a 1% or whatever fee by giving only 49.5% odds. Have to publish the max amount you can handle covering, maybe make it dynamic. If someone actually wants to do this I could probably put up some cash.
You really need to see a specialist about your gambling addiction. Lol, I want to own it not to use it. Does that mean I'm in the clear or is that just worse?
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