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1261  Economy / Gambling / Re: SatoshiDICE.com - Verified rolls, up to 64,000x winning on: June 22, 2012, 06:44:27 PM
House edge is about to be temporarily raised to 3% from 1.5%.

For how long and what purpose?
1262  Other / Off-topic / Re: Mini Rigs in the wild! on: June 22, 2012, 06:39:51 PM
It's a bad PSU and doesn't appear to be the fault of shipping damage.  I think this one's on us.  We were eager to get these units out and should have burn tested a bit longer.  We've paid for the return frieght, will swap the PSU and point it at Gigga's credentials while we run it through a longer burn.

^^^ This is why I would send money to BFL if I had any Tongue
1263  Economy / Securities / Re: [GLBSE] Sē Capital Management on: June 22, 2012, 03:49:04 PM
@smickles

What software do you use to generate that report, it is very clean, surely you don't do it by hand Wink
1264  Other / Off-topic / Re: Mini Rigs in the wild! on: June 22, 2012, 01:25:01 PM
Faulty after 1 day ? not very impressive. Now what if the buyer is in Europe.

Yeah, doesn't inspire much confidence of their extensive "burn-in" testing...

One could argue though that the failure rate after burn-in is very low. 

So lets ask Giga:  would you rather BFL did longer burn-in on all of your units, delaying shipment.

OR send them all and have three in production and have them deal with the situation of a failed one like a rock-star?

Seems like a no-brainer to me.
1265  Other / MultiBit / Re: MultiBit on: June 22, 2012, 12:06:01 PM
Hey Jim, do you have an ETA on the encryption?
1266  Economy / Service Discussion / Re: BitFloor.com Rocks! on: June 22, 2012, 03:17:03 AM
Hmm... I wonder if we can get Goat to bring his arb bot to BitFloor.
I'd make one myself, but I just don't have the volume to bootstrap it.

^^^^ this
1267  Economy / Service Discussion / Re: BitFloor.com Rocks! on: June 22, 2012, 12:54:37 AM
I want to know why there is not more liquidity/volume here, ESP with all the problems that fox is suffering.
1268  Other / MultiBit / Re: MultiBit on: June 21, 2012, 09:34:51 PM
1) I recommend people keep their 'savings' BTC in the Satoshi client and keep relatively small smounts in MultiBit. This is what I do.   
2) Having FileVault switched on for your personal folder keeps your wallets encrypted when your machine is locked/off but does not help when you are logged in / running MultiBit.
Until MulitBit supports built-in encryption, here's a workaround: create a separate wallet with your 'savings', and (after closing MultiBit) move that to a truecrypt drive (or partition, or container, etc). Unmount this drive and don't open it again until you actually need to get money out of your savings.

Next time when you start MultiBit, you'll see a warning that your 'savings' wallet is missing. That's correct (cause this wallet is now on your truecrypt drive which is no longer mounted). Keep your pocket change in a regular wallet, and if you copied the addresses (not the private keys!) from the savings wallet when you initially created it, you can still see their balance online on various sites such as blockchain.info.

You can still keep sending money to your savings account (you only need its public address for that) without ever accessing the encrypted storage.


Why dont you just create a new wallet on the TC drive to begin with?
1269  Other / MultiBit / Re: MultiBit on: June 21, 2012, 06:24:45 PM
Thanks for the quick reply jim.

If i knew java I would help.... but I am just a Ruby/ex-c# guy.
1270  Bitcoin / Bitcoin Discussion / Re: A day in the life of a pirate. on: June 21, 2012, 05:41:44 PM
Quote
Why doesn't pirate try to hide is real identity?

Hm?
Why isnt he just revealing it?

Quote
Why does he limit deposits? 

Does he really? There are a gazillion pass through bonds and other schemes that funnel money to Pirate. Ive not seen any one of those refusing new deposits. It doesnt look to me like he is reducing his holdings. BTW, Madoff also tried hard to give the impression of not wanting to accept everyone's money and making it look like a privilege.

Quote
    He has Forex experience

Surely not as much Madoff.

Quote
    At least some portion of his business requires locality and face-to-face type transactions

Thats what he says. If you were running a ponzi, it makes perfect sense to spread that kind of disinformation.

Quote
    If he were really doing something massively illegal the US could, and would, come in and snatch him in a heartbeat

Took a while before they snatched Madoff. That said, Im not even sure if it would be illegal with bitcoins.

Quote
    He is not alone in what he does, as a few others that he is aware of have also started similar operations

So he says. Ive yet to see anyone step forward and say they do the same independently . Most other high yielding investments seem to be all about funneling money to pirate.


Not to be rude to a senior forum member, but.....

Just saying "I think he is running a ponzi because if I twist all of these statements around in this way then he *could* be doing it...."

Also comparing his knowledge of forex to madoff is like saying: "A local plumber brutally killed his wife today, therefore the police are arresting all plumbers because they might be murders"

Also if I said limiting deposits I meant to say limiting DEPOSITORS.  And yes he is... I know of someone with a large amount of coin that has been looking for an invite, and yet more stories of people who have given out invites to people who have still not gotten in.

I am not defending pirate, what I am saying is that it is unfair to take things and twist them to how they are not to come up with some big conspiracy scheme.
1271  Other / MultiBit / Re: MultiBit on: June 21, 2012, 05:06:33 PM
tl;dr:  Encryption Question
MultiBit seems to be the best full client for my OS (OSX); however the lack of encryption makes me leary.

What is current the best way to mitigate that?  Just use a TrueCrypt volume?  Doesn't that leave my coins at risk when I want to monitor TXs, but not send?

Please advise,

Thanks!
1272  Other / Off-topic / Re: Mini Rigs in the wild! on: June 21, 2012, 04:32:24 PM
Now I want you to tear one open and take some pics Cheesy

BFL has pics on their site: http://www.butterflylabs.com/production-update/
1273  Bitcoin / Bitcoin Discussion / Re: A day in the life of a pirate. on: June 21, 2012, 04:24:33 PM
  • At least some portion of his business requires locality and face-to-face type transactions
As I posted in another thread, I believe this is correct as well. However what I haven't figured out is how there is so much local volume. If there are many users, how are they so conveniently near him? And, if only one or 2 users, what are they doing with so much money?
He might as well be flying around the country to meet his clients, this way there would be no locality issue.

He could be simply staying at home, using the internet/phone to conduct business with his clients.

I don't really want this to turn into a scooby-doo thread, but:

The reason I say locality is because pirate has stated before that others have approached him with the same/similar idea of what he is doing and because they are in differing areas they would not affect each other.  A mystery fur-sure but I don't think it helps.
1274  Other / Off-topic / Re: Mini Rigs in the wild! on: June 21, 2012, 03:18:00 PM
So he now has an unfair advantage over other miners

How is it unfair?  It isn't like he found them in the street.  Do *you* want to write a check for them?
1275  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: June 21, 2012, 03:08:08 PM
Google Chrome is telling me that the wallet verifier app needs new permissions. What's the story?

I'm seeing this too. Oddly I saw the message first on a totally unrelated site.

That is because it now wants access to EVERY site and not just blockchain.info.  Not sure why, maybe piuk can enlighten us.
1276  Economy / Trading Discussion / Re: Real Time Charting, Order Book, and Time & Sales on: June 21, 2012, 02:28:14 PM
If it was double, I could halve it.  But it seems to be kind of random.  Notice how the same 15 minute period shows two quite different volumes before and after I reloaded.

you are right...


dooglus, and clark
if you dare, please check my website bitcoin-analitycs.com  in order to compare this issue.

in fact at the time you are talking about my system shows 11.8k+ volume

As I also noticed, clark's chart does not take into account time stamps of trades, or at least does not respect them correctly. time intervals must be defined with some accuracy into time slots with exact start and end time that should allow to  distribute all trades, even those that came delayed in a correct time position.

At leaset we faced this problem in our project.

best,
Evgeniy

Your link was incorrect:
http://bitcoin-analytics.com/
1277  Bitcoin / Bitcoin Discussion / Re: A day in the life of a pirate. on: June 21, 2012, 01:43:15 PM
I find it funny when people are sure that pirate must be doing something illegal (drug money laundering and ponzi being the two most popular).

I have some questions for you to ask yourself on any theory you, or anyone else, has on pirates operation:

Why doesn't pirate try to hide is real identity?
Because other than the general 'crazies on the internet' problem, he doesn't need to.

Why doesn't he move OUTSIDE the USA?
I would venture to say that since 9/11 the US is probably one of the most monetary hostile countries one could do business in.  With all the AML laws and such they can come in and shut you down in a heartbeat.  If they can link it to terrorism (which isn't hard if they want to) then you don't even get due process.

Why would he risk running such an illegal operation with that risk?  Look at what they did to the BetOnSports guy.... diverted his plane INTO the US then arrested him. 

Why does he limit deposits? 
*If* he were running a ponzi then the more depositors the better.
And as piotr_n pointed out *If* it were drugs then pirate is probably not anywhere near capacity.

"Well if you are so smart then what do *you* think pirate does?"
Honestly I don't know.  And I don't have a problem saying I don't know.  But here is what I believe to be true:

  • He has Forex experience
  • At least some portion of his business requires locality and face-to-face type transactions
  • Despite what others say I don't believe his actions fit a ponzi
  • If he were really doing something massively illegal the US could, and would, come in and snatch him in a heartbeat
  • He is not thinking 'inside the box'
  • He is not alone in what he does, as a few others that he is aware of have also started similar operations
  • Maybe the next PetRock ?

I believe that the biggest threat to BS&T is the US GOVT, but not because pirate is doing anything illegal.  We all know that they are not happy with bitcoins worth and growth.  Given the major playor that pirate is in the bitcoin economy I believe they will, when they are ready, sweep in and take it down to 1) attempt disruption and 2) make an example out of pirate.

It would be funny if pirate setup an automated system offshore that would auto cash-out all of the accounts in the event he gets arrested, but that would probably make point #2 harder on him Sad
1278  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: June 20, 2012, 11:17:51 PM
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OK I am new here... so can someone explain to me why some think it necessary to notify when they are following the thread?

making a post is the only way to get subbed to a thread without getting email notifications.

thanks for the words, cantor.


Ok, I only use email so that makes more sense
1279  Economy / Lending / Re: What is this pirate 7% compounded i see? on: June 20, 2012, 10:05:58 PM
He pretty much controls the bitcoin economy; if he defaulted, shit would hit the fan.

The central bank of bitcoin Smiley
1280  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: June 20, 2012, 10:01:13 PM
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OK I am new here... so can someone explain to me why some think it necessary to notify when they are following the thread?
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