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301  Economy / Service Discussion / Re: bitcoin-trader.biz on: August 14, 2014, 07:10:46 PM
it looks to me they just registered a company in panama for some cash, and thats all

exactly, they spent 2000$ for that and this adds nothing to credibility. As you can setup anonymous corporations without regulations there.
302  Other / Off-topic / Re: FREE Hugs on: August 14, 2014, 07:09:45 PM
Bad day. Need hug. Please. Thanks.
303  Bitcoin / Bitcoin Discussion / Re: Bitcoin Trezor vs Blockchain + 2FA on: August 14, 2014, 07:04:20 PM
I got my trezor a couple days ago, and just had the time to set it up last night.   

Once you figure it out, it is pretty easy to use.   The ease of use is about equal to blockchain.info.

Blockchain.info is still better to use on the go though because if you want to send money from your trezor (and you are not at your computer), you have to install the browser plugin.   Many public computers will not allow you to do this (by default), and many of your friends may not want you installing things on their computer.

I am a little concerned about holding a significant amount of BTC on the Trezor and then having a hardware failure, as up until this point, Wallet32 is the only wallet that you are able to restore your coins to (without purchasing another Trezor).


IMO, if you are thinking about buying a Trezor, you should consider buying 2, in case on of them fails in the future. 

Electrum and armory will soon support the backup seed. Also Blockchain.info is looking into it!
304  Bitcoin / Bitcoin Technical Support / Re: 0.2 FEE!!!! ? am i missing something? on: August 14, 2014, 07:03:23 PM
Does the newbie jail still exist?

I thought I saw a few newbies with 1 or 2 posts outside of the beginners forum.

It's been gone a while, unfortunately. Instead of having useless posts in a single forum section, we now have them everywhere.

https://bitcointalk.org/index.php?topic=423995.0

Yes, I'd like it back. But with a whitelisting option that costs 0.01 BTC ~
305  Alternate cryptocurrencies / Altcoin Discussion / Re: Black Tuesday for altcoins! on: August 14, 2014, 07:00:52 PM

All these coins are basically no different than stocks and because of that, I believe it's mostly due to it being summer.

There's a very definite similarity in how a bull or bear market affects the general mood around here. Here as is there:

Strong bull trend --> "TO DA MOOOOON!"
String bear trend --> "WE'RE GONNA DIIIIIE!!"

All from the magic of extrapolation. Smiley

Allow me to present the image of an old Business Week cover that's legendary in contrarian investing circles:



From the issue dated August 12, 1979, a Sunday. That past Friday, the S&P 500 had closed at 106.4. Almost 35 years later, it's at 1,953.72

Sort-of gives you a different take on "The Death Of Altcoins..."

But where would the fun in NOT hyping/fudding for most people here?
306  Other / Off-topic / Re: Ban the person above you (jokingly). on: August 14, 2014, 06:57:33 PM
Banned for not knowing basic english grammar.
307  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 14, 2014, 06:52:58 PM
5
People on the waiting list

hehe nice!
308  Bitcoin / Bitcoin Discussion / Re: Are you spending or hodling? (a poll to summarize previous threads) on: August 14, 2014, 06:52:07 PM
I spent some on a new Trezor, and I think I am going to buy another Trezor (as a backup) in case this one breaks.   I replaced the BTC that I spent with more BTC. 

So I guess I am only spending on what can help me hold more...

If the trezor breaks you don't need another one as backup you can rescue the funds with any BIP32 wallet Wink
309  Other / Off-topic / Re: who's the biggest retard here? [poll] on: August 14, 2014, 06:51:28 PM

I know those bad guys because i was in some PC game cracking groups with them way back.. in case anyone is curious.
and i bet half the people here have had my work on their machines from my software cracks and keygen's to pre'd PC games over the years Wink
BUT..i am not hacker (i am a cracker/coder)

Dude, what you don't understand is, that you can do good and still be an asshole as a person.

Everything you write is just an insult to nearly everyone. But hey, whatever floats your boat. Nothing wrong with being a troll on the forums.
310  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: August 14, 2014, 06:47:58 PM
Looks like 85% of my USD SWAPS very not liquidated Wink Seems I was lending to experienced traders!
311  Economy / Gambling discussion / Re: Does martingale really works? on: August 14, 2014, 06:43:36 PM
Negative expectation is based, well, on the expectation that you will continue to play indefinitely long. As long as it is not that long (which is always the case since no one can bet indefinitely long), things change drastically. Whether it is worth the gamble is not strictly relevant to the question... Cool

Also, if you bet 100, you could win up to 100 (100 when you make just one bet for a full amount) in a 49.5% game, right? Wink

If you play just one bet of 100 btc on 49.5%, you will end up with +100 (49.5%) and -100 (50.5%), but still the EV of the game is -1 btc.
The calculation of EV never assumes you continue to play the game.
But according the law of large numbers, if you repeat the game continuously, your actual result will converge to the EV.

Is this not what I was talking about right from the start, i.e. about practice? Wink

Just because BigMac is writing about something unrelated doesn't make you right.

What he said is that your actual result will convert to the Expected value TIMES the time you roll.

With 1% houseedge you would lose 1 times your Betsize after 100 constant rolls on average. That doesn't mean that your Expected value after the first roll wasn't -1%.
312  Economy / Gambling discussion / Re: Does martingale really works? on: August 14, 2014, 06:41:10 PM

So you decided to get away with that nonsense you said earlier about 10 coin flips and your "short term luck" with it? Did I get you right? Grin

In practice (why should I stress it again?) expected value will realize only if you play indefinitely long. And the average you're talking about will also be realized if you play as long. But with only 10 coin flips you will get just that (strictly speaking, average is not defined for that case, though)... Cool


No, I didn't also, this is no question about opinion. This is a scientific approach called statistics.. Maybe your heard about it. Here short overview avout EV: http://en.wikipedia.org/wiki/Expected_value

Expected value is the "expected value" for EACH single roll/flip. It DOESN'T assume you will continue indefinately. Who ever said that, that you think that?



Also, good job in trying to twist dooglus words. You are on of the best examples of GAMBLERS FALLACY.

Sorry, but I didn't forget how you had tried to play a dirty trick on me, assuming that I didn't not know what the word "strategy" meant in respect to trading (though it evidently wasn't a good job). So let dooglus decide for himself whether I twisted his words or not, ok? Thank you!

Yeah, I am such a dirty player with my big words and all those nasty facts...

I think dooglus looks right through your poor arguments.
313  Economy / Gambling discussion / Re: Does martingale really works? on: August 14, 2014, 06:37:31 PM
Martingale does not work.... for everyone.
In fact, the majority of the gamblers are not successful when it comes to Martingale.
Why? because of one simple yet crucial mistake. They do not stop when they are ahead.
The majority of gamblers tend to think that after having a bad roll twice or more often should increase their chance on a positive roll the next turn.
This, is the gamblers fallacy and will lead to profit for the casino owner.. not for the gambler.

However, there are people that actually do profit out of Martingale. You just need to know how, and you need to say no to your gambling instincts once you start making a profit.

What you just wrote is gamblers fallacy. You can't beat the odds by "knowing when to stop"

It depends how you define the word "stop". If the poster meant "stop permanently" and never bet again, then he is not in fallacy and can take some money from the house. If he meant "stop, then continue from the beginning after some time" then he is in fallacy and will give everything to the house. Variance gives you a chance to be seriously ahead of the house, but that's only temporary result, we all know the final one.

But you are risking all your fund from the very start.

Think about this: What if you lose the first flip, then the next, the next, .... when do you stop? Who guarantees you that you win a flip before you run out of funds?

Variance doesn't give a shit if it is your first flip!
314  Economy / Gambling discussion / Re: Does martingale really works? on: August 14, 2014, 12:52:16 AM
Martingale does not work.... for everyone.
In fact, the majority of the gamblers are not successful when it comes to Martingale.
Why? because of one simple yet crucial mistake. They do not stop when they are ahead.
The majority of gamblers tend to think that after having a bad roll twice or more often should increase their chance on a positive roll the next turn.
This, is the gamblers fallacy and will lead to profit for the casino owner.. not for the gambler.

However, there are people that actually do profit out of Martingale. You just need to know how, and you need to say no to your gambling instincts once you start making a profit.

What you just wrote is gamblers fallacy. You can't beat the odds by "knowing when to stop"
315  Other / Off-topic / Re: The most dangerous creature of our planet on: August 14, 2014, 12:42:27 AM
The man invented the atomic bomb, but no mouse in the world would construct a mousetrap. Undecided

Rats eat themself.
316  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: August 13, 2014, 09:21:15 PM
What do you guys think about NXT?
317  Other / Off-topic / Re: who's the biggest retard here? [poll] on: August 13, 2014, 09:18:21 PM
Why is come-from-beyond on this list?

318  Other / Off-topic / Re: What would you do if you received 20 bitcoins? on: August 13, 2014, 08:30:16 PM
I will hold it until the price is $50,000 per bitcoin and then sell it.  Smiley

If BTC reaches that high, it is surely on mainstream adoption. Why would you then want to sell it?

That's a good point I don't understand why someone would want it to go that high and then switch to a dying currency makes no sense to me at all.

THe beauty of this investment is, that if it works out, it is a lifetime investment!
319  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin TANKING...opinions on future outlook both nearterm and long term? on: August 13, 2014, 08:29:25 PM
For me LTC seems still high overpriced. Sometime it was THE altcoin. Now its just another one.

The market cap is still very high. If you put in the cap #5 at the same level of DRK i.e. the price will get to 1usd or below, where it should be.

little Litecoin is just going through its birth process none of the others on the Cap (top 20) (apart from Quark) flow with any free market force. (perhaps Zeta)

if ASICs proliferate Litecoin has a chance - if not its going to slip into obscurity.

sorry i'll add FTC and Prime to that list - they "pretty much" flow with the free market more or less.

 

Litecoins volume in USD today is nearly $7,000,000 ranking 2nd behind BTC

Many coins are in the top 15 for volume of trade.  For example Ripple, Darkcoin, Doge and Monero all trading 5 or 6 figure volumes (USD) so far today.

So far today Quarks volume is $1920.  LOL.

If by "fluid with the market" you are talking about liquidity...  well Quark is losing badly and is in 56th place as an alt.

have you read any of his "threads"? He is a huge troll and the best action would prolly be to put him on ignore.
320  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: August 13, 2014, 08:17:16 PM
https://nxtforum.org/nrs-releases/nrs-v1-2-5-4412/

Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 1.2.5

https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.5.zip

sha256:

ee5302b385ccd1bc1d40aa84eebf8814e7d4ac86d1c3670e1dbe09afe6640dbd  nxt-client-1.2.5.zip


Change log:

Added peer networking gzip compression. It is enabled by default, and will make
downloading of the blockchain faster, but in case it causes extra load on your
public node can be disabled by setting nxt.enablePeerServerGZIPFilter=false in
nxt.properties.

Enabled serving gzip compressed static resources (html, javascript, css files)
by the API Server. This would make loading the wallet UI from remote servers
faster. The compressed .gz files are included in the installation package.

Allow gzip compression of API Server responses too, however this is disabled
by default. This would be helpful when running the server on a remote machine,
for online wallets and service providers, to enable it set
nxt.enableAPIServerGZIPFilter=true in nxt.properties.

Fixed client-side rescanning bug that caused UI to appear outdated.


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Version: GnuPG v1.4.12 (GNU/Linux)

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Awesome. Our devs are working like a clock!
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