1761
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Alternate cryptocurrencies / Marketplace (Altcoins) / Re: I will give 100 HBN for making HBN dice or roulette game
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on: February 14, 2014, 01:14:21 PM
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I don't think anyone would consider it for less than $2500 USD. It reality, probably would cost waaaaaay more. 100 hobonickels ? LOLOLOLLOL. Don't get me wrong, I love hobonickels. But that's a bit of a joke to offer 100. You obviously have no idea at all about A:) how much time that takes someone to do B:) what kind of wage someone who has those skills makes an hour. you can't even register the domain for what your asking heheh.
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1763
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Economy / Speculation / Re: silk road 2 hacked
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on: February 14, 2014, 12:24:22 AM
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Re the malleability issue , with Gox publishing it so ...publicly, I bet these kind of attacks went up....oh maybe 10,000% ?
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1765
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Bitcoin / Pools / Why have a pool with no fees? I don't get it
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on: February 12, 2014, 03:00:26 AM
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Was wondering this, seems a simple question, wondering if anyone could answer it for me.
In the summer set up some pools but never launched them because of all pools already available.
Was wondering, what is the point of having a 0% fee pool? I don't get it. It costs money to run the pool even, so why operate at a loss? Is the thinking that most pool operators have 0% fee to attract the users, then if they get large, they boost the fee? Can't really understand why anyone would want to run a 0% fee pool, but there must be reasons I'm not seeing.
Thanks.
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1768
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Economy / Speculation / Re: What will happen when Gox re-opens BTC withdrawals?
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on: February 11, 2014, 06:08:22 AM
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You know what I really, really, really hope happens?
People stop using Gox and don't go back.
I mean wow, how many crashes have Gox caused now? And I also gotta admit it is bad marketing / pr for bitcoin when the biggest exchange (for the longest period) used to be a Magic The Gathering card exchange.
I really think the management there, or their technical staff, are [edit!] NOT up to the challenges of being a premier exchange, I wish they'd just graciously bow out, instead of taking so much of the market with them. Mt Crash.
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1769
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Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process
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on: February 11, 2014, 05:58:10 AM
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I doubt this is what happened (a problem do to do with transaction malleability). It's possible, but doesn't add up for me. Mainly because I don't see why Ukyo would keep this such a secret for months. (And then seemingly disappear). If the coins were stolen he would be less legally liable at best, and at worst, he'd at least get some understanding from the community.
If you look at his behaviour, when the crisis occurred, how he dealt with it, how he accepted deposits knowing he couldn't pay them back, what's going on with his loans, and the threads showing him using some users' deposits to pay for others, and now most recently, disappearing incognito, I believe the most likely thing that happened was that he was treating peoples' deposits as his own personal investment wallet, gambled, and lost.
Of course this all guesswork.
If you are going to pursue legal action I just suggest you do it sooner, rather than later. I don't think anyone will get their money back from this, but at least it would be good to know what happened, and if Ukyo did something criminal, he should be punished. At the least it'd be nice to see him have to go bankrupt.
I would bet though that if there is no prosecution or lawsuit, he'll never tell any of us what happened. He's given no indication that he intends to. Unless he's sued all we'll ever probably know is that 'the coins are gone'. We've made no progress at all in what, the last 45-60 days? In fact, we are hearing progressively less.
My sincere condolences to those owed more than 10 btc. I'm royally pissed at losing 1 btc, I can't imagine what state I'd be in if I had a significant amount of money on the line.
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1775
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Economy / Speculation / Re: Mt.GOX is FINE, BTC HAS NOT 'CRASHED'
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on: February 09, 2014, 02:18:08 AM
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Ya I've trying to tell ppl the same thing . I don't really consider something selling for 250 then 1000 then 650 in less than 3 months a big crash. It's a matter of perspective. It's just as valid to say the price has tripled in less than 3 months.... uh, how is that a crash exactly? I'm even hearing out the 'big bitcoin crash, haha, oh you know bitcoin , it crashes all the time' kind of news stories in mainstream media.It just makes me laugh. If we go to down to sub 300 , that would be a crash.
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1776
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Economy / Speculation / Re: Did MtGox play people's money? Would explain hypothetical lack of liquidity
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on: February 08, 2014, 02:27:25 AM
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I don't thing so.
Could this happen? Ya sure, happens all the time. I lost over a 1000 bucks myself to the fuck-head Ukyo, who absconded with millions of dollars in BTC. He was treating users' deposits as his own personal wallet and gambling with money that was not his to do so with.
But Gox? I think it is simply incompetence. They showed this many times over their history. Good riddance to Gox (though I do hope everyone gets their money out okay).
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1777
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Other / CPU/GPU Bitcoin mining hardware / Re: HELP ! Adding GPUs and computer keeps powering down
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on: February 08, 2014, 02:22:09 AM
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I'd recommend buying a heavy duty, quality power supply, like my Seasonic 1100W
It is totally worth the bigger up front costs for three reasons off the of my head:
1) you wouldn't have this problem, and you'd have room to expand 2) the much greater power efficiency translates into $$$$ savers for miners that are going 24/7 3) feasibly the thing could last you the next decade or more. While every other compnent in your PC will be hopelessly outdated, in the year 2024 (wow is that only 10 years away, that's crazzy) your new 512gigahertz core i19 will likely still be compatible with your ancient powersupply, and because it is seasonic I think it will still work as well.
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1778
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: February 08, 2014, 12:15:05 AM
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IT's been shown time after time that centralized exchanges are the biggest weakness in the world of bitcoin, and the most easily shut down by the governments or scam.
They are the weak link in the bitcoin infrastructure. It is almost a shame that bitcoin is P2P technology shackled to centralized exchanges.
How many exchanges have gone under, been shutdown, or been scams? Or hacked? Gox just locked up withdrawals. I lost money to Ukyo/ Bitfunder who gambled users deposits away.
I WAY rather trust software of a decentralized exchange than some exchange in Belarus that may at any day close.
Decentralized exchanges / colored coins are the only way to go. I think they are inevitable. But the good news for folks who don't care for them: centralized exchanges will still exist. So if you choose to go the more risky route of using a centralized exchange over a decentralized one, you will have that option.
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1779
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Other / Politics & Society / Re: Argentine Banking system burnt - financial records destroyed
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on: February 07, 2014, 05:13:00 AM
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Coming To A Country near you. This will happen a lot more in 2014, just wait and see.
And folks, keep in mind much of the same thing happened in America, in 2008. Read up on it, tons of documents were destroyed in the few days before the shit hit the fan. (Okay so it wasn't a fire, but same situation. Documents are destroyed, deleted and purged 'by accident' all the time). And you can't really audit a bank that controls such a big piece of all the currency ever made. In many cases there wasn't even documents in the first place, or the documents were forgeries / made up after the fact.
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1780
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Economy / Economics / Re: New generation of investors?
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on: February 07, 2014, 05:09:10 AM
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I think a lot of it has to do with the difficulty and cost of 'going to go buy some stocks'. For securities and related, investing in BTC stocks is a piece of cake and costs little (in fees).
For day-trader types, another really big thing: the vast majority of 'real life' trading is done by computer algorithms in transactions that take less than a second to calculate. Correct me if I'm wrong (not an expert) but I believe trading alt-coins on currencies is much more closer to the fun and past idea of stock trading as an activity than is done by humans, for day traders. As in, you can see the bid and call board, and react to changes. You can't really do this if you are not in the finance industry and don't have a lot of capital to work with (as I know). And the volatility helps as well.
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