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441  Alternate cryptocurrencies / Altcoin Discussion / Re: mcxNOW - do you trust it enough to leave your coins in it on: July 26, 2013, 04:16:46 AM
I fully trust Real Solid!

This wins Amusing-Post-of-the-Day.

Not because Real Solid is necessarily untrustworthy, but just the fact that you fully trust anybody.
442  Economy / Securities / Re: SEC Charges Bitcoin Savings and Trust (BTCST) as Ponzi Scheme on: July 26, 2013, 04:13:14 AM
Or "Why does he not wear sunglasses when his eyes are clearly struggling to stay open?"

How often have you seen people on horseback with sunglasses on? Guess why not? Guess what the question says about you?

I have no idea what you're talking about. Do you just type random words and then go back later and see if they make sense or not?

443  Economy / Securities / Re: SEC Charges Bitcoin Savings and Trust (BTCST) as Ponzi Scheme on: July 25, 2013, 10:09:29 PM
Isn't the MPEx model just another implementation of the SR model?

MPEx resembles SR on the server side (you don't get to know the IP).

But MPEx management operates more or less openly.  MP/PR are easier to find, or at least to identify, than DPR.

It's not as if MP takes great lenghts hiding his name and face:



Though why he would ride a horse instead of a camel in Egypt is a great mystery.  Cheesy

A better question would be why he's wearing an ill-fitting 3 piece suit in the freaking desert.  Photoshop?

Or "Why does he not wear sunglasses when his eyes are clearly struggling to stay open?"
444  Alternate cryptocurrencies / Altcoin Discussion / Re: Support Litecoin? STAY AWAY FROM BTC-E - They are Killing Litecoin's Economy on: July 24, 2013, 11:52:31 AM
btc-e have THE worse support I have ever experienced

Obviously not a Mt Gox customer.
445  Bitcoin / Press / Re: 2013-07-23 Huffington Post: Bitcoin, Money of the Future? on: July 24, 2013, 02:54:05 AM
"Developed by an anonymous Japanese student" - Left hand facepalm.
"Maximum number of bitcoins mined: 22M" - Right hand facepalm.

The laughs keep coming...

Quote
they cannot be stolen
446  Economy / Speculation / Re: PIRATE BUSTED: Bullish or Bearish? on: July 24, 2013, 02:39:32 AM
if the investors get their btc back, it might be bearish if they cash out.  if Trendon had an encrypted or hidden wallet, or the BTC are unrecoverable, then having 700,000 BTC vanish / locked out of the blockchain would be a bullish thing.

It's not 700,000 BTC, nearly all of that had been paid out earlier in the scheme, lost in daytrading or sold for cash already.

-> this amount will not be locked out the blockchain
-> people won't get it back

The benefitters of his scheme were obviously all those day-traders that were on the other side of his losing trades. The money then is long gone.

447  Economy / Securities / Re: SEC Charges Bitcoin Savings and Trust (BTCST) as Ponzi Scheme on: July 24, 2013, 01:27:20 AM

Is there a citation for this part?

Quote
24. In August 2012, as the scheme collapsed, Shavers made preferential redemptions to friends and longtime BTCST investors

I thought he didn't pay out anything at all.
448  Alternate cryptocurrencies / Altcoin Discussion / Re: Primecoin Price? on: July 22, 2013, 02:15:25 PM
Is technical analysis ever useful? It always sounded like astrology to me.

It's useful just like astrology.

It works because people believe it does.


Astrology is more accurate than you believe.

No, it's exactly as accurate as I believe it is.

That's how astrology works Wink
449  Alternate cryptocurrencies / Altcoin Discussion / Re: Primecoin Price? on: July 22, 2013, 02:00:33 PM
Is technical analysis ever useful? It always sounded like astrology to me.

It's useful just like astrology.

It works because people believe it does.
450  Economy / Gambling / Re: bit-loot.com - a treeloot homage now beta testing on: July 21, 2013, 05:10:55 AM
btc-loot

LTC. lol

Where does it say btc-loot? I must have missed it.
451  Alternate cryptocurrencies / Altcoin Discussion / Re: A list of all active Alt-Coin Exchanges on: July 20, 2013, 11:19:07 AM
i dont think there are any other altcoin exchanges out there with english as frontend language

I think you might be right.


Quote from: Iceycrypt.com
To request a withdrawl send and email
452  Bitcoin / Project Development / Re: [ANNOUNCE] Bitmessage - P2P Messaging system based partially on Bitcoin on: July 20, 2013, 10:00:29 AM
Sorry I haven't read the entire Bitmessage thread, I've only just got into it and installed the program yesterday. Very impressed so far, and had this thought about file attachments and how they could work.

If there's been a discussion somewhere on encrypted file attachments with bitmessage, please could someone link me to it?

Meanwhile, I'll just paste the text I came up with last night when I had this thought...

Quote
What if...

Bitmessage could handle file attachements by encrypting the file to upload and putting it on some server.
Then the recipient could download the encrypted file and decrypt it.

It'd be a huge server load that someone would have to pay for (maybe if having the option to add a file attachment was a paid-subscription service).

The attachment server wouldn't have to worry too much about seizure or anything because it would be entirely encrypted files.

Would be good if this functionality could be handled in an automated way for both sender/receiver.
453  Other / Off-topic / Re: Life in prison for running a payment processor? on: July 18, 2013, 11:34:31 AM

Sorry for the off topic comment, but how does a guest post in the forum?  I thought all users had to be registered.

They travel back in time, to a time when they were registered, then they post.

i.e. OP wasn't anon when he posted, his account was deleted afterward.
454  Economy / Goods / Re: UK bullion dealer now taking bitcoin on: July 18, 2013, 11:14:26 AM
You should encourage them to use the "Bitcoin Accepted Here" logo.

I don't see anywhere on their main page where it says they accept bitcoin.



I don't know if it was changed since you saw the site last, but there's a big splash for bitcoin as part of the main flash file. (On the 4th slide).
455  Bitcoin / Bitcoin Discussion / Re: Once again, what about the scalability issue? on: July 18, 2013, 09:29:23 AM
Yesterday I spent a whole hour downloading blocks for last 4 weeks. Not very convenient! Seems my 1 TB drive didn't help much.

What am I doing wrong?

Leaving it offline too long?
456  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] www.mincoinads.com - MinCoin powered advertising on: July 17, 2013, 09:13:32 PM
Please don't attempt to make payments by using an exchange to send funds.  You have no guarantee that they will send the funds in time.

I used the windows client, but it's 6.3.0 and I'm guessing I need to upgrade it but haven't yet.

Anyway the site accepted my payment and my ad now, even though the mincoin client still says the deposit is unconfirmed.
457  Bitcoin / Wallet software / Re: Idea: Offline portable wallet on: July 17, 2013, 01:29:22 PM
Remarks:
- Size of transaction: QR codes can't handle too much data

How about animated QR codes?

Firstly they can handle maybe more than many people think (8K or more depending upon the resolution available to scan).

Also - animated works perfectly - I actually have utilised an old "book reader" (with no internet capability or changeable OS) as a way of transferring multiple GPG encrypted private keys from an offline PC to an online one (I do this using its "slideshow" mode for displaying pics achieving around 8K per second - not very fast but that's the fastest it allows a slideshow to work).

That would be plenty - you could have 24Kb transferred within a few seconds.
458  Bitcoin / Wallet software / Re: Idea: Offline portable wallet on: July 17, 2013, 12:40:14 PM
Remarks:
- Size of transaction: QR codes can't handle too much data

How about animated QR codes? I know they are not common yet, and demos of such have shown very slow frame rates, but even 0.5 fps should be fine to flip through a few QR frames and have the reader pick up ~3kb per frame.
459  Economy / Service Discussion / Re: MTGox. Bank tries to get back the Withdraws on: July 17, 2013, 12:36:04 PM
everyone would be wondering whatever that money that bought those btc to make the price higher on mtgox exists or not.

Whether it exists or not, it's still able to pay for bitcoins on Mt Gox.   So, selling bitcoins for "Mt Gox USD" is still useful (for buying them back later).
460  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] www.mincoinads.com - MinCoin powered advertising on: July 17, 2013, 11:35:52 AM
yep i had one expire before the mincoin got there.... grrr... who to contact to fix this up?

Seems I have a bigger issue first - getting that transaction to actually confirm at all - It's still not done yet after 2 hours. No fee because the coins were rather old. Thought it would be fine by now!

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