2902
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Bitcoin / Bitcoin Discussion / Re: Graveyard of Dead Bitcoin Websites
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on: January 22, 2012, 09:05:40 AM
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I thought bitpay was legit and running last I heard but the link you provided seems to be down. As of the last hour www.sealswithclubs.org , a bitcoin poker site has been inaccessible to me. Not sure if this is an isolated incident I am dealing with but I just made a withdraw before it went down so I am hoping it isn't permanent. If you are including scams the mybitcoin site whatever that is should probably be included. Seals will be back asap. Sorry about the timing of your withdrawal, I had run them less than an hour before we went down.
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2905
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Economy / Economics / Re: How Big is Silk Road
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on: January 21, 2012, 09:32:24 PM
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Do you anything about the daily volume?
You mean: "Are you the person running Silk Road?" here, I got a simple estimate for you. on SR front page, they have 10 most recent feedbacks. You can check the time when they were left. just now, the last one of the 10 was left half an hour ago. which gives a (very rough) estimate of 20 purchases per hour. if you are interested you can collect more data, along with the average price, daily fluctuations, etc., but i can't be bothered. Is feedback given on every order? Is that when funds are released to the seller?
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2908
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Bitcoin / Bitcoin Discussion / Re: 18.6 btc transaction fee?
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on: January 21, 2012, 12:48:13 AM
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Miners will be programed to wait until there are X fees worth of tx waiting and then turn on.
And I'll just mine constantly and process those transactions before anyone "turns on". Probably some won't bother turning off if their marginal costs are near zero. They'll find more blocks, but they'll be smaller value. The time distribution will even out somewhat if any miners are reward sensitive. Probably there will be some other problem that anyone can switch their miners to work on so the value of the next block will need to overcome that before it gets a lot of mining attention.
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2909
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Bitcoin / Bitcoin Discussion / Re: 18.6 btc transaction fee?
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on: January 20, 2012, 11:51:21 PM
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Maybe someone thought it would get their transaction processed really, really, really quickly? Hmm... JIT mining, where additional hashing power comes online when large fees are detected... workable?...If Bitcoin lasts a few decades, maybe less even, this will happen. The per block subsidy will be insignificant compared to the accumulating fees. Miners will be programed to wait until there are X fees worth of tx waiting and then turn on. This will change the time distribution of blocks, it will become more even.
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2911
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Economy / Services / Re: Please advise AdService which pays bitcoins for ad placements
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on: January 19, 2012, 05:41:45 AM
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Well considering it is a year and a half old, and with exchange rate changes in that time now hideously expensive, you probably wouldn't want to use it anyway. Sorry, I don't know of an alternatives. I've read that Operation Fabulous is a bit neglected nowadays too. Operation Fabulous is like a huge blinking sign that someone should come do it right. People want the service, on both sides, but it's way hard to use. There is no sort, info is hidden in inconvenient places, the forms are unforgiving. But it does work and I use it now.
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2914
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Economy / Trading Discussion / Re: [ANN] Changes to AML Policies - Mt.Gox
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on: January 19, 2012, 12:47:16 AM
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This means MtGox is not suitable for small amounts or casual users at all.
How so? You only need to do AML verification if you want to withdraw more than 400BTC or $1000USD per 24 hours. I would hardly call anyone exceeding this a small or casual user. This is not true. There are unknown triggers.
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2916
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Economy / Speculation / Re: Thinking about buying more coins
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on: January 18, 2012, 07:57:21 PM
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Analysis based on the MtGox orderbook is worthless. 310k coins traded in 24hr and the price is sitting at a point that looked 40k coins away 24hr ago.
MtGox order book does not represent all of the MtGox demand, MtGox demand doesn't represent all formal market demand and formal markets don't represent all fiat based demand, and fiat demand is not the only demand for coins.
There are billions of people, millions who have heard of bitcoin maybe once and thousands who have figured it out. Demand is both strong and an insanely small fraction of it's potential.
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2918
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Economy / Speculation / Re: wtf is going on?
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on: January 18, 2012, 12:59:06 AM
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mtgoxlive just looks like it keeps going through old orders from 6 to 7 and back 6 to 7 over and over wtf
Uh-huh. Reruns of The Good Price.
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2919
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Economy / Speculation / Re: +200% profits on bitcoinica in 1 day
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on: January 17, 2012, 11:12:38 PM
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So you are in large part to blame for the crash. 17k bitcoin leveraged 10:1 = 170k on the market = crash
Your a leech on the bitcoin economy and I hope you get liquidated.
Force liquidated or not at some point he's going to be buying those coins back. All shorting does, with leverage or not, is allow individuals to sell before they buy instead of the normal buying before selling.
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