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1  Bitcoin / Bitcoin Discussion / Re: Drug Raid In Israel - Bitcoin Involved on: May 09, 2013, 07:16:53 AM
Sorry, I couldn't read the article through all the clutter on that website
2  Bitcoin / Bitcoin Technical Support / Re: Bitcoin QT issue (need to restart computer to get it to resync??) on: May 03, 2013, 06:47:46 AM

While typing this I'm realizing that it's likely that the QT client wasn't fully closing when it seemed to be, so I'll check task manager to see if that's an issue.


It seems to disappear from task manager when I close it. That makes the reboot working seem even more odd. But basically most of the time I restart the client it's out of sync. Can't it just autosync when it's open? Pretty confused about that. Or is that just how it operates?

Or maybe my reboot theory is just placebo, but that seems pretty unlikely given the behavior of the confirmations after reboots. Is it just a sync problem?

3  Bitcoin / Bitcoin Technical Support / Re: Bitcoin QT issue (need to restart computer to get it to resync??) on: May 03, 2013, 06:37:50 AM
wild guess: make sure you are not out of diskspace.

Thanks for the reply.

40 GB free on hard drive though :/
4  Bitcoin / Bitcoin Technical Support / Bitcoin QT issue (need to restart computer to get it to resync??) on: May 03, 2013, 06:25:39 AM
I'm not new to bitcoin, but I'm new to using the qt client. So, my wallet is relatively new (few days) and has been working properly for the most part. I only used it to receive with various addresses until now. An issue came up on my first attempt to send.

There was one unconfirmed receiving transaction, and then following that I put in a send transaction. I came back on to check it after about an hour and there were no confirmations... weird (transaction fees are being paid). I restarted my qt client to see if it would resync (sometimes it just doesn't stay synced correctly and that's the main issue). It didn't work so after about 45 more minutes I decided to restart my computer and rerun the qt client. Boom... instant confirmation and the next 5 came quickly after. This was just for the receiving transaction.

Then after 30 minutes of no confirmations on the send, I restarted the qt client and nothing happened. Rebooted comp again and confirmations start working within 2 minutes on the send transaction.

While typing this I'm realizing that it's likely that the QT client wasn't fully closing when it seemed to be, so I'll check task manager to see if that's an issue.

BUT, still, why is the syncing problem coming up so frequently. Does anyone have a solution to that, so it will just autosync correctly? It's really annoying to have to reboot the client when transactions freeze and syncing fucks up, and it seems to be quite common for me.

Thanks for any input!
5  Economy / Speculation / Re: OK, THIS IS FUCKING INSANE on: April 04, 2013, 10:45:58 PM



Not a straight line so exceeding exponential growth. It'd be interesting to see what function would fit that. Geometric growth?

This is not a straight line either (1 year graph of btc/usd on a log scale):



Nor is this (6 month graph of btc/usd on a log scale):



Regardless, the point is that looking at something on a different graph doesn't make it a safer investment.
6  Economy / Speculation / Re: OK, THIS IS FUCKING INSANE on: April 04, 2013, 06:25:40 PM
to reassure themselves that it wasn't a bubble as well, which it quite apparently was. So, I just don't want people to use it to make themselves feel safe for no reason.
And now its many times higher than that price. Maybe, just maybe, that wasn't a bubble in Bitcoin price, but the time between then and now was just a bubble in USD valuation.  Shocked

Not sure if troll. Bitcoin dropped to like 8% of it's value after that crash... Obviously USD valuation hadn't changed that significantly in that time period. Also the price of bitcoin dropped by a gigantic percentage compared to every currency as well as gold and silver at that time. Clearly a crash.

I'm still btc bull at this point, but that was a bubble, and this current rise may be another one (but might not be).
7  Economy / Speculation / Re: OK, THIS IS FUCKING INSANE on: April 04, 2013, 06:10:45 PM
If you switch your charts to a logarithmic scale, things look much less dramatic,

So? Of course it makes things look much less dramatic. That's the whole point of the logarithmic system and a log scale... Don't understand people's obsession with the log scale graph in this forum. It changes nothing...

If you don't understand you probably haven't considered the difference between relative and absolute growth. Relative growth is what matters from an investment perspective. Regular charts distort the changes by magnifying the recent relative changes and shrinking older relative changes. They therefore systematically distort investment decisions.

Moreover, Bitcoin is experiencing exponential growth in almost every measurable indicator, including of course price. Log charts are simply far more suited to analysis of exponential growth phenomena; otherwse you have to try to eyeball a exponential curve as if it were superimposed the price movements to check whether it is moving in line with the exponent, which is rather difficult and error-prone. It's way easier to look at a log chart and see whether the price is moving in a straight line or not (the BTC price was, but in the past three weeks it has started lilting upward).

Here's the thing, though. While there is value to using log charts in some cases to analyze growth, it's obviously not what is happening on this forum in general. What IS happening on this forum is that people are using log charts to reassure themselves that the current growth trend is not out of control and is completely fine and normal.

I bet in June 2011 people were on here posting this log chart:



Instead of this chart:



to reassure themselves that it wasn't a bubble as well, which it quite apparently was. So, I just don't want people to use it to make themselves feel safe for no reason.

I've even heard people on here say that it wasn't a bubble in June 2011 because bitcoin has EVENTUALLY come back to those prices. That's clearly a ridiculous statement, ESPECIALLY since it might just be back above those prices because we're in ANOTHER BUBBLE. Maybe it is, maybe it isn't, but either way June 2011 was a bubble, and I don't want people to just blindly put a lot of money into btc at this point when it's a reasonably high risk investment.

I'm still invested myself, but people on this forum definitely need reality checks. Bitcoin is very unlikely to turn hundreds of thousands of people into millionaires in 6 months, which everyone seems to think will happen.
8  Economy / Speculation / Re: OK, THIS IS FUCKING INSANE on: April 04, 2013, 06:06:58 AM
If you switch your charts to a logarithmic scale, things look much less dramatic,


free image hosting

So? Of course it makes things look much less dramatic. That's the whole point of the logarithmic system and a log scale... Don't understand people's obsession with the log scale graph in this forum. It changes nothing...


Let's see it in log base-64 !

Yeah, that's the only meaningful logarithmic graphing scale... Everyone knows that.
9  Economy / Speculation / Re: OK, THIS IS FUCKING INSANE on: April 04, 2013, 05:45:51 AM
If you switch your charts to a logarithmic scale, things look much less dramatic,


free image hosting

So? Of course it makes things look much less dramatic. That's the whole point of the logarithmic system and a log scale... Don't understand people's obsession with the log scale graph in this forum. It changes nothing...
10  Economy / Speculation / Re: OK, THIS IS FUCKING INSANE on: April 04, 2013, 05:36:48 AM
I've already made my call $250/BTC by April 30, 2013.

Might be conservative.

Dude I'm a fucking atheist but nobody makes money this fast and this easy without going to some sort of hell....


Bitcoin is totally different of anything.. It's so new, unusual, revolutionary.. BTC is just about to give birth.. it will have a bigger impact on society than the internet itself !

Lol, wtf does that even mean? Bitcoin couldn't even exist without the internet... so clearly the internet has had / will have a greater impact.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Giveaway! on: April 04, 2013, 02:29:51 AM
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12  Economy / Trading Discussion / Re: You would be crazy to spend bitcoins when its rising so much in value on: April 03, 2013, 08:31:31 PM
Well some things make you even more money than btc going up. Those things are probably limited to drugs and mining equipment, though -_-. And clearly mining equipment is just a way to get more btc, so that doesn't really count.

The answer is that it won't be a truly viable currency until the price stops rising so rapidly. Which will definitely happen at some point (obviously).
13  Economy / Economics / Re: The entire EU going the way of cyprus.... on: March 27, 2013, 08:32:26 AM
They're only taking money from accounts that are larger than the government insures, correct?

e.g. The FDIC in the US insures accounts up to $250,000, so they would be taking money that is beyond that $250,000? In this case, it's 100,000 euros?

Just want to make sure I'm getting this right. If I am, then the people losing money are fucking idiots.

Why would you ever have uninsured money? Just split it between accounts??
14  Economy / Economics / Re: Is the current bubble harmful to Bitcoin? on: March 13, 2013, 03:57:40 AM
Sorry but when I See the price of BTC rise from around $10 to $50 in a short period of time, accombied by the panic buying we've been seeing for a few weeks I get nervous, there has to be a pullback... This is sheer madness, I've practically cashed out completely.

BTC could end up $100 in a few days and I would have 'lost' a lot of money but I feel safe where I'm standing right now. Made a real nice profit either way.

Now, imagine if the Silk Road went down or was offline for a few months... What do you think would happen to the price of BTC?

Silk Road was down for almost a month late last year.  The effect on Bitcoin was non-existent

Also other sites would come about.  This is a non-issue, and the bitcoin economy is much bigger than SR these days.

These last two posts are just flat out wrong...

1) When exactly was it down for a month? Hint: It wasn't.

2) At THIS point there is nothing that people purchase with btc that comes close to the millions of dollars per month spent on SR for actual goods. Unless you include the SPECULATION as something driving the btc economy, SR is pretty much the whole thing. But by all means, if you can find another business that has even 1/20th the amount of money spent on it in btc ON ACTUAL GOODS AND SERVICES, please point it out.
15  Economy / Speculation / Re: $10k double spend... on: March 13, 2013, 03:44:01 AM
LOL @ FUDders who claim this will doom bitcoin b/c merchants.

One double-spend in entire history of BTC vs thousands and thousands of fraudulent doublespends (chargebacks) via MASTERCARD VISA PAYPAL etc etc etc. Not only that, but fraudulent chargebacks are practically encouraged by card companies, are built into the system i.e. you can request one. BTC allows no official channel for chargebacks and the only reason that one ever happened was because of a software fluke, virtually the only significant software fluke so far, which is pretty good for a piece of software that handles millions of dollars.

Do these FUDpeople just not think?

If I were a merchant I'd be glad to use a payment service with such a low risk of double-spends. Give me bitcoin with its 1 accidental $10,000 double-spend any day over Mastercard/Visa/Paypal/Amex/Etc with its cumulative millions of intentional double-spends and double spend feature available on request via official channel.

The only way we could dissuade merchants from adopting bitcoin is by introducing a double-spend feature into the client where you could request that a centralized authority charge back your money from a merchant. Then it'd be just like the credit cards. Oh and jack the fee to like 5%. THAT would be a great way to deter merchants. Not a fluke block-chain fork that is fixed immediately.



Some of your points are reasonable. Paypal loses a lot of money to fraud each year for example. But your point about 1 accidental $10,000 double spend is laughably ridiculous. You don't think that would have been a much bigger problem if btc was used widespread and people didn't realize what was going on as quickly? I guarantee there would have been LOTS of money double spent in that situation.
16  Economy / Currency exchange / Trading MY BTC for YOUR Carbon Poker USD on: September 20, 2012, 03:23:49 AM
Looking to do 1:1 trade at gox last ($12.50/btc right now). Will buy $100-$250 worth on Carbon Poker (maybe more). Send me a PM!
17  Economy / Currency exchange / Re: [WTB]BTC/mtgoxUSD for Moneybookers, Neteller, Bank transfer Norway,Pokerstars+++ on: September 18, 2012, 03:17:16 AM
Can't get money on Carbon by any chance, can you?
18  Economy / Currency exchange / Re: [Reopened] Have Dwolla Need Mt Gox USD or BTC-E or Liberty Reserve on: September 13, 2012, 01:17:01 AM
How much are you looking for now? I have Gox $
19  Bitcoin / Bitcoin Discussion / Re: If Pirate Runs: The Danger of one entity with 500K BTC on: August 23, 2012, 08:58:24 PM
What if pirate sent 500, 000 BTC to an invalid address? It's got to be the most extreme volatility you could subject the system to with that amount of coins. I do get that the 20.5 million BTC left will be worth more eventually, but the immediate aftermath of such an event would be more violent than any pirate antics so far (and easily exploited if he only destroyed some coins, as it would still give him BTC volume to make the market dance with).
That would be an incredibly generous gift to everyone who currently holds BTC.

Yeah, I'd be okay with this =D
20  Bitcoin / Bitcoin Discussion / Re: Goal of Bitcoin (in general)? on: August 23, 2012, 08:32:34 PM

The goal: Freedom from the control of greedy people. Bitcoin is a tool to make a direct payment without the need of a "middleman". When a small group of middlemen have taken fees while they take control over a large group of people the outcome is repeating economic depressions. Men can not handle too much power.


Bitcoin is not going to solve greed, but it can bring more freedom. As a spoon is not to be blamed for making people fat, Bitcoin is not to be blamed for making people greedy.


+1

99% of what all internet technologies do is remove middlemen. Most of the time these middlemen add cost, corruption and inefficiency to the ecosystem that they live in. Record companies, the postal service, news and media organizations, retailers, and now banks are all middlemen that can be removed with the creation of new technologies. This new system operates with increased efficiency and creates new opportunities, but also introduces new problems. It will take time to solve these new problems, but in the end we will all be better off for it.

Pretty accurate. Only thing I disagree with is the postal service being an "unnecessary middleman"? I mean... delivering packages is a legitimate service. Unless you're talking about sending letters and documents, which is unnecessary due to pdf and e-mail.
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