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2961  Economy / Speculation / Re: bitscalper anyone use this ? on: January 10, 2012, 09:08:22 PM
It's a little bit opaque about exactly what they do.

Here's an idea.  Ask user to enter:

1. Spread percent (maybe give reasonable choices)
2. Amount (or omit this and just let them send)
3. Give up time (this is when you move back into BTC at the current ask)
4. Return btc address

You calculate midmarket at some exchange to use as a center, post a bid at center minus 1/2 of their given spread, when that order is filled or partially filled post an ask at center plus 1/2 spread. When this is done return coins and profit minus fees.

Advantages:

1. Liquidity is provided.
2. Small users benefit from putting their action on one account because they can have lower exchange fees than otherwise.
3. Little knowledge is required. No account required.
4. Simple pre-committed plan is not vulnerable to user emotions.

I realize this isn't foolproof profit at all and it shouldn't be advertised as such.
 
2962  Economy / Speculation / Re: I can't wait for the day... on: January 10, 2012, 08:40:22 PM
I can't wait for the day when people stop thinking "How many dollars is one Bitcoin worth" and instead think "How many Bitcoins is my dollar worth".

That is all.

I can't wait for the day when we have young ones ask what is printed money, and how anyone ever could of put value in it.

It probably won't get a second glance. Yap stone, seashells, paper. It's likely that eventually bitcoin will be added to the list.
2963  Bitcoin / Bitcoin Discussion / Re: Art? on: January 10, 2012, 08:31:51 PM
I like it. And proudhon making bitcoin art instead of specutarding is the clearest buy signal I've ever seen.
2964  Economy / Services / Twitter and Bitcoin developer needed on: January 10, 2012, 08:08:22 PM
I'm looking for someone who has used the twitter api and can work with bitcoin.  I think it will be a short simple project. PM me if you are able and interested.
2965  Other / Politics & Society / Re: If you mine and use bitcoins, but do not support Ron Paul on: January 10, 2012, 05:57:11 PM
He's trying to take control of the state power machine to make it do what he wants. That's statist.

Regardless, I think you should use what you can to do what you think is right. I'll do the same.
2966  Bitcoin / Bitcoin Discussion / Re: Real money for ponzi money on: January 10, 2012, 05:47:06 AM
Great post.
2967  Other / Politics & Society / Re: What if the minimum wage was set to 1 Bitcoin per hour? on: January 09, 2012, 06:27:05 PM
It would be similar to outlawing work in 2014.
2968  Bitcoin / Development & Technical Discussion / Re: Appetite for fee-rules publishing from mining pools? on: January 09, 2012, 06:11:09 PM
Until network fee rules are reworked it makes no economic sense for any pool to reject any transaction with any fee (even 1 satoshi).


This is wrong.

If a user wants a >99% chance of his tx being included in the next block he'll need to pay more than the minimum required by the most expensive 1% of hashing power. This means that a pool with 1% has pricing power with respect to that user.
2969  Bitcoin / Armory / Re: Armory - The most advanced Bitcoin Client in existence! on: January 09, 2012, 05:36:43 AM
1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX

what's this?

That's my new donation address!  I got a little creative with regular expressions and vanity gen Smiley  (yes, I do have the private key for it, so I will get your donations)

Oh great, guess I can't recognize bitcoin addresses after midnight. I'll get the first one in.

edit: I'm a noob, didn't get in first, hadn't checked blockexplorer, only googled. Google ought learn to check strings for being bitcoin addresses so it doesn't have to wait till it crawls blockexplorer again.
2970  Bitcoin / Armory / Re: Armory - The most advanced Bitcoin Client in existence! on: January 09, 2012, 05:18:20 AM
1QBDLYTDFHHZAABYSKGKPWKLSXZWCCJQBX

what's this?
2971  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vending Machine video - awesome!!! on: January 08, 2012, 08:59:26 AM
I could not hear, how many confirmations does the vending machine wait before it releases the popcorn?


none
2972  Economy / Speculation / Re: What BTC price will we see next? on: January 08, 2012, 06:40:47 AM
Maybe it'll be exactly 6.91 for the rest of time.

Nope, guess not.
2973  Economy / Speculation / Re: What BTC price will we see next? on: January 08, 2012, 06:40:05 AM
Maybe it'll be exactly 6.91 for the rest of time.
2974  Other / Politics & Society / Re: Obama's Plan to End the Wars: Redefine It on: January 08, 2012, 01:05:39 AM
It would have been great if atlas had originally chosen "JohnGalt", then left, then we'd all be wondering at every atlasish post "Is this John Galt?"
2975  Bitcoin / Development & Technical Discussion / Re: Outsourcing vanity address generation on: January 07, 2012, 09:15:34 PM
I hate to inject gloom and doom into a fun topic like vanity bitcoin addresses... but y'all should be aware that one of my longer-term goals for the Bitcoin system is to make bitcoin addresses disappear. I hope Bitcoin software 10 years from now tells users "You're about to pay 11 micro-Bitcoins to Amazon.com" and not "2mRwtf8blahblahblah". And I'm not alone, I know Mike Hearn feels strongly about making bitcoin addresses go away for ordinary users.

If you do spent lots of time creating The World's Best system for mining vanity bitcoin addresses, please don't be upset or surprised if you find it is obsolete when "Bitcoin 2017 Turbo++ Enhanced Edition" is released.


If you don't get to it maybe these ideas will give us 1amazonamazonamazonamazon5jw

:-)
2976  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vending Machine video - awesome!!! on: January 07, 2012, 08:56:25 PM
a friend that lives on another continent could actually keep me alive with this

is it enough to use only first 6 or so characters of an address to describe it uniquely and complete the transaction ?
to read a few first letters into friends phone and he than does the rest.

Yeah I think that works. Try typing in the first six digits of one of your wallet addresses into Blockchain.info (case-sensitive), and it will show your balance.

If you type your address in to firstbits.com it will tell you how many characters you need. If it tells you "1" it means you are Satoshi.
2977  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vending Machine video - awesome!!! on: January 07, 2012, 08:55:06 PM
a friend that lives on another continent could actually keep me alive with this

is it enough to use only first 6 or so characters of an address to describe it uniquely and complete the transaction ?
to read a few first letters into friends phone and he than does the rest.

Or your friend could send you coin each morning so he doesn't have to be ready when you get hungry.
2978  Bitcoin / Armory / Re: Armory - The most advanced Bitcoin Client in existence! on: January 07, 2012, 10:45:15 AM
Dude, sounds good to me!

Question though:  Can you not generate offline transactions directly on the machine where the private keys reside?

Maybe not if the offline computer doesn't have an up to date blockchain to know which of it's addresses are funded? Maybe you could tell it, but that wouldn't be much simpler than doing as it's being done.

Total guess here, please confirm.
2979  Bitcoin / Bitcoin Discussion / Re: BITCOIN booth at CES Las Vegas! Tell all reporters! on: January 07, 2012, 10:42:20 AM
Don't forget to mention the bitcoin gambling.
2980  Economy / Speculation / Re: The flipist method on: January 07, 2012, 02:35:22 AM
I expect your results will depend more on what % amount and % time you spend in coin than anything else.

If you flip in and out in a way unbiased by price you'll do about half as well (or half as bad) as buy and hold, less fees.
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