I It would be nice to see the Who Pays What thread stickied. John's list of defaults would be nice too. Perhaps another sticky thread profiling all of the main lenders. 3 is a good number.

Just my MHO.

I don't think the forum has gone to shit.

Matthew annoys the hell out of me, but he is a regular here and I suppose he fills a need on the board he moderates, with the language barriers and all. Might be a hard combo to replace.

Hey, sorry. Post edited. bitcoin.me mentioned the HYIP scams at talkgold.com in another thread, so I went and checked it out (I had never heard of talkgold before then). I clicked on the HYIP board. Lots and lots of ~1% a day scams. I was stunned. Lots of scammers there are doing the same thing as Pirate. (one notable difference is that Pirate established quite a rep here).

In the future, there will be new bitcoin HYIP schemes cropping up regularly. Members will come to realize that these are all scams. Stepping over the steamy piles of Ponzi will become a daily routine on this forum, just as it has on talkgold.

Pirate was smart to cash in on the rampant naivety here, myself included. Please, get out while you still can.

For anyone who thinks Pirate is legit, swing by talkgold.com's HYIP scams.

Ponzi schemes were inevitable for bitcoin.

We will see many more of them.

Good thread, good thread.

First i've heard of mavepay.

OP/Mod- Having seen this information PLEASE edit the thread title.


Thanks

HB

So that's what "reserved" means. I have been trying to figure that out for the longest time. At first I thought it had to do with GLBSE for some reason.

No, no, no.
If he didn't do it, someone else would have. He's located a demand in a market and he's making a buck, like all the PPT operators. Idk why I've been sticking up for these guys, maybe because your accusing them makes your cause look like a witch hunt when it shouldn't be. You're not going to scare away all the PPTs. People who want to give to Pirate will find away to do so. I'd run a PPT right now if I could and I wouldn't think twice about the ethics of it.
 
I'm sure there are far better analogies than this one off the top of my head... are syringe manufacturers in the wrong by making it easier for heroin addicts to shoot up?

What he said

 Actually, it's kind of already built in, just needs some publicity. For instance, if the airport currency exchange desks accepted bitcoin, then there you have it. Remittance. Because bitcoin is unique from every other currency on the ticker in that sending/receiving is built in.

I know this is all common sense, but I agree with you and I have been thinking about how remittance payment networks could work. It took me a while to put 2 and 2 together ^^.  Before bitcoin becomes so widespread, a map of people who announce that they buy and sell large volumes of bitcoin for their local currency will have to suffice.

I would think it very redundant to use a bitinstant-type intermediary for remittances. It would be no different than western union, because if you think about they would be sending coins back and forth internally, which equals to not moving coins around at all. All western union does is transmit money, bitcoin takes care of that.

For bitcoin to be useful for low-cost remittance, it's going to have to be a DIY kind of thing.

^^I know I basically said the same thing over and over but I wasn't sure if I was clear or not.

Agreed. I worded that poorly. Bitcoin will always have some degree of fluctuation to fiat, just as gold does.

I can't see signatures, I turned them off because of abusers like Matthew N. Wright, but I'm assuming yours has something to do with shaming speculators because speculation undercuts the noble ideals of bitcoin.

I'm in bitcoin for two reasons.

1. It's awesome, can change the world, great medium of exchange, liberty, yada yada. That's what brought me here, and that's why I love bitcoin.

2. Since I believe in it, I think others will too. So I think the price will rise long term. While I'm accumulating as many bitcoins as I can (yes, hoarding, which I'm guessing you despise if my assumptions about your signature are correct), I'd still like to do it in the most cost effective manner. We will have lots of ups and downs. You can't blame speculators, blame bitcoin for being so speculative in nature. TL;DR on 2. I'm trying to turn a profit. Most people here would tell you that that is a noble pursuit.

If I need to purchase goods and services, I try to do so with bitcoin. But right now I'm pretty much just buying food and paying rent and school, etc. So I'm saving. I'm putting my money where my mouth is because I believe in bitcoin. But I'm not going to ignore the price and try to paddle upstream on the market, nor should anybody. Speculate to your hearts content while bitcoin is still unstable!

I agree. Right now, I'm not buying any more coins because I fear a crash. I'm also not selling any coins, because I fear a spike. If the price sits around 11 for a long time, I'll start buying again very slowly. But I've got enough bitcoins to be happy for now.

*proxy quote^

I'm also never going to download a bitcoin-related blockchain

I'm never downloading any bitcoin-related program that isn't open source.

Bullshit, Micon.


These are honest guys.

(FTFY... You meant payb.tc)

Very cool! The world needs more bitcoin clients, especially simple ones like this.

A lot of your threads are started on the wrong board. This one belongs in Meet-ups.

Not sayin jus sayin...