If you are honestly considering suicide, may I propose a "different kind" of suicide instead? Don't kill your physical body, but kill the person you have been and leave him behind completely. Do something you would have never considered doing in your "old life". Something outrageous, interesting, fantastic, mind-blowing, crazy, funny, awesome, lolzy.

Maybe follow a jam band, like people did with the Grateful Dead back in the days. Or move to a tiny island in the middle of nowhere, like Palmerston. Maybe spend the rest of your life exploring some freaky, inaccessible place, like Tsingy National Park. Or tour around the Amazon Rain Forest, drinking Ayahuasca and San Pedro with the indigenous Shamans. Become a deep sea welder and earn a shitload of money, while laughing the imminent risks of that kind of job in the face, because you are suicidal anyways. Go to a war torn nation like Afghanistan, learn the local language and teach kids how to do maths or how to program. Or do something else that excites you, these are just some examples I spontaneously came up with, there is much more to experience on this earth.

Is it pirateat40? Please tell me it is pirateat40!

And so it begins: http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1

So whenever you transact Bitcoin to someone, you will possibly become an accomplice in criminal activity conducted with these coins.

Man, who wants to take such a risk? Luckily, CoInvalidator are here for the rescue. They will make sure our coins are only coming from and going to upstanding citizens (unlike that naughty, naughty Charlie Shrem person). 

I read a thread where it was unanimously claimed that a team of yours had been working on this stuff for 6 months. I am sorry for misrepresenting the facts, should have listened to the talk instead.

Mike Hearn isn't stupid. He knows pretty well that his proposals aren't going to be popular with the average Bitcoin demographic. His arguments (not only in this thread) may seem "ignorant", but that's because he simply doesn't care what the average bitcoiner thinks, he has his own game going.

Does anyone really believe that Mr. Hearn invests 6 months (!) into preventing some rather obscure attack scenario without carefully evaluating the pros and cons? He probably has some good reason which he isn't intending to make public (yet).

In my opinion, he probably wants to have the proper preparations ready to turn Bitcoin into "Paypal 2.0", for when the media begins to call for hard regulations. I think it is very likely that sooner or later Bitcoin will get connected to some terrorist act or some other large scale crime (and I don't mean some guys selling a bit of weed and ecstacy on the silkroad). At that point, global media will pummel the public with demands of either eradicating Bitcoin completely or implementing very tight restrictions. Then Mr. Hearn will be there to offer his services, probably together with a business like CoinValidation, to seemlessly make the transition from the old Bitcoin to the new Bitcoin, where all participants in the network are known to the authorities. Miners will be required to only allow transaction from/to verified addresses, with known identity of the owner. Unlicensed miners will get punished harshly. Even if they do not get caught by authority, they will be mining coins that will not be accepted by addresses in the "new Bitcoin", so most miners will probably get their license or risk getting rewarded with coins that only have a fraction of the worth of the coins that are inside the authorized system. No upstanding citizen will want to touch those coins and their usability and their dollar value will drop harshly. The prohibited part of the system will probably fade into obscurity, only being used by criminals.

Like it or not (I certainly do not), but from this point of view it seems like a smart move to prepare for this kind of scenario right now. Bitcoiners will attack Mr. Hearn for his ideas at this point, but the majority of them will be glad to get a Paypal-Bitcoin-hybrid instead of having no Bitcoin at all.

Disclaimer: I am not a smart man and everything I write may be complete nonsense.

Bitplay.com?  

Edit: And the link to madovercoins.com is also broken.

Somebody needs to create those "Rawdogbux" as an alt-coin, with 50% of the mined coins automatically going to that guy who makes these videos. Please, make it happen!

There is no way to prove that OpenCoin isn't "giving away" the majority of their XRP to addresses which actually are controlled by OpenCoin (or their employees) themselves. They would have to reveal the identities of the users behind those addresses for that, which is not going to happen as it would compromise the privacy of these users.

And OpenCoin knows exactly where and when they will distribute the rest, and are therefore in a position to play the market accordingly.

User "r3wt" is spreading misinformation. Please do not take him serious.

Yes OP, please send an email to Opencoin and ask them to help you out. See if they will reverse the transaction, or reimburse your loss from the billions of XRP they hold.

tbh, I do not expect such an outcome, but I am extremely interested in what their answer would be to such a mail. Would be awesome if you could post it here. In the best scenario, you get your XRP back, in the worst you waste a few minutes on writing a mail - it's worth a try I think.

I have asked these questions before, but didn't get an answer:

Can Opencoin reverse transactions if you ask them to? Could a lawyer help to make them return stolen funds?

How much control does Opencoin have over XRP transactions in general? Can a rogue employee transfer XRP from accounts of others to his own?

 

Wait, your signature says "Ripple is a scam", but you want to buy XRP? Does not compute.

I don't think it will ever be possible for Opencoin to prove how many coins they actually gave away. Even if they released a list of all the addresses to which they sent XRP, these addresses could just belong to Opencoin themselves. In order to prove a distribution that would be considered fair by the majority of users, they would have to reveal the identity behind those adresses, which is not going to happen in such a semi-anonymous system. The intransparency is unavoidable, I guess.

Well, I feel like I am becoming a bit paranoid, but at this point I think that Opencoin's Ripple could potentially eat every other cryptocurrency for breakfast and become the unchallengeable champion of the virtual currency game if they play their cards right.

Opencoin has a lot of capital behind them, I think even Google is giving them money. If they use all that money for a huge PR campaign including TV ads and stuff, they could manage to overtower any other cryptocurrency in popularity. Then when lots of people use their system, Bitcoin and Litecoin and any other cryptocurrency will be diluted through the extension of their supply by turning them into worthless IOUs, thereby making any hard limit on the number of coins that can be produced useless. Like with paper gold, where nobody really knows if there really is an equivalent amount of physical gold for all those IOUs in some vault somewhere (probably not, I would guess). So on paper you can produce as much gold as you want, even if the amount of real gold is limited.

The only cryptocoin that will not be made increasingly worthless by IOUs will be XRP, as they can be easily transfered in the system without being turned into an IOU. At that point, Opencoin and the companies that support them are in possession of the majority of the XRP supply, turning them into the kings of all virtual commodities. And as the Ripple system doesn't use proof of work (mining) but trust instead, that gives large companies who can generate trust (and destroy trust into others) by investing heavily into PR measures an additional advantage in the Ripple system. Big companies must love Opencoin's Ripple, as it gives them a chance to control the cryptocurrency game by destroying any currency they cannot easily control (like Bitcoin).