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2521  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 05:28:23 PM
caveden,

These folks on the video sized the moment, there was a robbery going on in front of their noses and they act to protect the victims - this is a most important feature of Justice; "Protect the Victims", and this is why there's that sentence; «Rather one guilty on the lose than one innocent arrested», since that would be the same as Justice doing what it is meant to prevent.
You can't compare however those guys to e-vigilantes.

Even so you've things like this: http://www.youtube.com/watch?v=ErA2LRa236U
A stupid joke that goes wrong...

In this whole case I may say, I avoided this topic for a while to listen from mtgox, I like to always listen both sides in disputes, but his silence and prepotency made me comment. So far, I follow Atlas logic.
2522  Economy / Economics / Re: Heging against a drop in Bitcoin value on: February 24, 2011, 05:12:36 PM
You won't really need even a third decimal place until you get 1 BTC = 100 USD. That will be a while, even by anyone's most optimistic imaginings.

Though, I think placing the decimal point where it is was a mistake, in retrospect. If Bitcoin really gets popular, it will almost certainly have to be moved -- to the right! Though I don't think that will need to be considered seriously until 1 BTC = 10 000 USD.

Ideally you must have at least the cent a minimum currency value, unless the currency unit you operate with has no value, such as Indonesia Rupiah, which ain't the case.
You have currently the cent of BTC, which is roughly 1 cent of USD, but if it goes to be more valuable per unit currency around (currently I don't know any currency being trade at 10 USD) you may need someway to match it with Dollar Cent (which would be 0.001 BTC then)
2523  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 04:57:09 PM
Roll Eyes Roll Eyes Roll Eyes Roll Eyes

I don't see how the real crux of the matter is getting solved by bickering over theoretical fraud.

It doesn't, this topic must be solved between Baron and mtgox, yet it bring a discussion about ethics, morality, use and abuse of power, trust and everything that goes with it.
2524  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 04:51:26 PM
So what that victims claim to be dumber? If A fraud a contract he has with B while B respects it, A is the criminal and period. It's pretty much black & white in this case, there's nothing to "equilibrate" there.
There's absolutely nothing wrong in trying to search surreal profits in short periods of time through voluntary means, as you suggested in one of your posts. There's obviously something wrong in not respecting a contract.

Contracts and who or what disrespects or breaks them, or for what causes, isn't anything black and white!
2525  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 04:49:24 PM
We're not talking about BTC vigilantes or militia here.

For what it seams, mtgox decided to become one himself in this case.

And I repeat that, if he manages to prove that he really caught a criminal, I will applaud him.

And if he doesn't? Will applaud the poor attempt either or will look at him as a criminal taken Baron would become his victim here?
Ever wonder why street justice must be avoided at all cost? Because it's neither justice nor what it seams may be what it indeed is.
2526  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 04:35:14 PM
We're not talking about BTC vigilantes or militia here.

For what it seams, mtgox decided to become one himself in this case.
2527  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 04:31:31 PM
Perhaps, one of you worried folk email mtgox and press for a resolution. Ya know, make a petition, get people to sign it, email it to mtgox.


The problem here is that mtgox have no "term of service" or a transparent dispute resolution process.

Isn't this situation the issue, kiba, but the "precedent and principle".

Like theGECK said, if happens you can have your funds frozen out of the blue by "BTC vigilantes or militia", that means you lost trust and if you loose trust the market stops and BTC instead of 1 USD starts to worth 0 a non-trustful currency.

@caveden more than often "victims" claim to be more dumb then they really are... I believe in Justice to be a scale, seeking equilibrium, not a black & white place of "victims and criminals".
2528  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 03:41:03 PM
And if you go around you notice that 90% of the scams have no victims, but two scammers, one professional or more expert (who runs away with the money) and the other who believes himself to find a "get-rich fast" working scheme.

What? Wait. Everyone has the right to be naive or stupid if you will. Nobody has the right to fraud or steal.
Don't blame the victims, blame the criminals. Calling a scam victim a scammer too is absurd. (unless of course he was a scammer on other situations, but that's definitely not 90% of them)

Yes I do, I call most of scam victims scammers themselves. Play dumb isn't enough.
Let's say, I come to you and say you give me all your coins and tomorrow I'll give it back in double. Either I have a "BTC magic maker" or I'm a scammer. But it doesn't mean you weren't also trying to scam me by getting 100% profit out of the air.
To not mention Pyramid schemes, where to not be scammed you need to scam...

To other degrees, the scam victim that may not be called scammer himself is that one who was victim of trust-fraud. i.e. You deposit X BTC at my guard, I run away, then yes, you were just trusting me, not expecting a "magical revenue", so you were plain victim and I would be a plain scammer.
2529  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 03:36:36 PM

I am sure some people gave mtgox lot of money. Maybe this one trigger the "scam!" heuristic.  The problem is, we don't know what's going on.

More to worry, instead of put a bit of effort into explain and clear or justify himself, mtgox just wrote a single void line...  Huh
2530  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 03:20:23 PM
caveden;

Issue #1; in this case nobody witnessed anything. There were no thieves running, no "street kung-fu"... just "claims and scams".
And if you go around you notice that 90% of the scams have no victims, but two scammers, one professional or more expert (who runs away with the money) and the other who believes himself to find a "get-rich fast" working scheme.

Therefore, unless someone steals your laptop with your wallet on it or installs a trojan/rootkit on your computer, there's absolutely no way you can come up with the word "steal".

Meanwhile in 2 days BTC has been already at 0.78 USD, at 0.85 USD now at 0.93 USD... with this huge floats two days seams a bit too much for holding someone's account.
2531  Economy / Economics / Re: Heging against a drop in Bitcoin value on: February 24, 2011, 03:13:59 PM
Nefario,

I'm more concerned about BTC stability. I see folks around talking about 1 BTC = 10 USD and that scares me a bit! If BTC becomes so high it will render it useless for business, unless we start to operate with 4 digit at the right of the comma (i.e. 0,0001 BTC).
Stability is good for create business around BTC, whereas instability is good for traders and exchangers... let's see the outcome of it.
2532  Economy / Exchanges / Re: mtgox.com has blocked my account with 45 000 USD in it! on: February 24, 2011, 02:38:03 PM
I find this preoccupying!

I don't see how mtgox has legitimacy to decide whatever about something being stoled or not. Not that I defend stealing (thus I don't quite see "how" to steal bitcoin - accessing other people's computer?!), but it's not up to the "banks" or "markets" to act as "police/judge/executioner".

Also preoccupying is basically the lack or absence of reply from mtgox. His sentence doesn't aid for the truth, instead it may it make sound like if someone goes to his site and say "user X stole me", user X got his assets frozen without notice, regardless if the claims are or not valid.
This is yet a small community, now imagine if it goes like this within a big market!

I would say; mtgox trust -1 for this one.

Also it must be taken to notice:

If you were scammed (not robbed, robbed would means someone accessed your computer) report the scammer on the forum, use the WOT services, try to recover your money.
If you run a BTC market, stay away from take actions on those subjects. It's not up to you nor your duty. You'll do no more than hurt the trust, and trust is everything about Bitcoin. To not mention the BTC market has high liquidity, so how you deal with it? You froze now 45000 BTC at 1 USD/each, unfroze next month with BTC at 0.50 USD/each, what will you do about the 22500 your customer lost? Will come from your pocket? Think twice!

I may also add that Baron either had a lot of trust on mtgox or a lot of money...
On my sites, the one already up and the ones I'm developing, I even ask for people to not use it as a bank, just keep enough balance. If something happens either to me or to MyBitcoin (the BTC bank I'm working with) I wouldn't want you to say "I made you lost xK", at worst a few cents or a few btc.
2533  Economy / Marketplace / Re: Play Yacht against other players for BTC on: February 23, 2011, 05:21:41 PM
I add a feature to the website. It uses "non-IE friendly" components for which I could either go on hack to make it work on IE *sigh* and that probably would work for IE 7 and 8 but not on 9 or 10 or whatever crap Microsoft come up with in the future.
So I decided to close it to IE. Basically when you enter the site using IE you're redirected here:

http://bityacht.com/noie.html

Do you think I should add something to that text? Or go on hack for make it work with IE?  Huh
2534  Economy / Marketplace / Re: Play Yacht against other players for BTC on: February 22, 2011, 03:26:17 PM
Well... that last straight you made knock me of.  Grin
Well played
2535  Economy / Marketplace / Play Yacht against other players for BTC on: February 22, 2011, 02:18:19 PM
This is my first Bitcoin directed site.
It's an online game of Yacht (Yatzee-like dice game). You play against someone on the internet either for Bitcoins or for fun.

The whole system is Ajax/JSON/PHP - the game itself is done on the server side (PHP - mt_rand(1,6) for calculation of the dice value), the interface uses JQuery and Boxy.

All tables are 0.10, prize pool of 0.18 (so 0.09 + 0.01 entry) to the winner or return 0.10 to each one on draw.
This is due to beta stage, as it grows more mature I may create other values' tables.
If one disconnects or fails to act within 40 seconds lose.

Banking system for Bitcoins uses MyBitcoin SCI

The address: http://www.bityacht.com (yep... I know... sounds like funny, but I just noticed after register the domain)

Hope you enjoy.  Smiley
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