First of all the govt. is my least concern, I just want to be safe from Internet crooks. With that said, the govt. has no business in my secret Bitcoin nest egg, so I rather have a Swiss bank account like more secured setup than an American bank account type which is in plain sight; everyone can see.
Then hiding your ip address is one of your lesser concerns. Just use Armory and use a different address for each transaction. Most serious threats from internet crooks you face with bitcoin involve social engineering, but just take a bit more serious than normal precautions against malware. You should be fine. |
|
|
|
It might be interesting to note he only linked to sports betting sites, not general purpose ones Title says gambling links. Bitbet does sports. I don't really see your point. I found http://BitBet.us, maybe two days ago. No login wagering? I threw down some coin on a few bets. Once baseball season opens I'll probably open some wagers on there. Given the heat that InTrade has been threatened with, it is nice to have another place to bet on elections. Sports betting is the avenue I've been looking to use to get some of my friends into bitcoin. I know casino style games have comprised most of the bitcoin gambling scene, but easy sports wagering is probably the killer gambling app for bitcoin. Let's highlight all of the viable betting books and see at least who handles the highest volume for the Superbowl at least. |
|
|
|
There where a lot more people intersted in bitcoin back than.
I think that is mostly an illusion. Lots of people were becoming interested at the same time back then and there was so little content and infrastructure that they nearly all came here. The quality (in terms of average usefulness of a post) was much higher immediately before the explosion so it was a reasonable place to come. I think a lot of people left the boards, and maybe also came down from a bitcoin high, and certainly some decided bitcon wasn't interesting after all, but I think it is much more a matter of dispersal than disappearance. I would not send someone new to the boards now, but it was the first place I'd mention 2 years ago. I don't think they were interested in bitcoin so much as buying drugs online. Then, when the masses got hit with the prospect of their transactions potentially not being that anonymous they all backed out. It was the aftermath of the aftermath of the Gawker Silk Road article. Those people bought bitcoins for a single purpose and when that purpose was a pain in the ass, they abandoned it. The people fuelling this growth in value I can't see as being anywhere near as shortsided as people who came to bitcoin in that big rush on the fad-wagon. |
|
|
|
Fees reduced down to 1 NMC / 1 LTC respectively.
I had raised the fees due to the considerable amount of extra efforts required to repeatedly maintain those NMC and LTC wallets. People are depositing tons of little amounts (often smaller than 0.0001 LTC or NMC). This leads to the problem that the wallet often needs manual follow up because the wallet is too defragmented and cannot generate the withdrawal.
In this case, I seriously suggest you to impose a deposit fee of 0.0001LTC/NMC A fee of $0.00006? So it takes 166 transactions to make a penny? That would be worth it... how, exactly? I agree with a deposit AND withdrawal fee (perhaps 0.5 both ways), but 0.0001 would just be pointless. Since Kumala is complaining about sub-0.0001LTC deposit, a deposit fee of 0.0001LTC should be enough to stop these spam activities without affecting "honest" users. The problem with that is generally exchanges don't charge deposit fees. Registration fees? Sometimes. Withdrawal fees? Pretty standard. Transaction fees? Also rather standard. Deposit fees? OMGWTFBBQ Deposit fees tend to chase money away from an exchange, they present a barrier to entry. A withdrawal fee though encourages continued trading, you want to get the most out of the withdrawal fee you can, so you keep trading. |
|
|
|
Yeah trades at exchange.zapto.org are extremely thin, only a couple buys/sells.
Vircurex only has five outstanding buys orders on its book. Maybe PP is doing better on an Open Transactions server somewhere, but it doesn't seem like anyone is buying it. |
|
|
|
I've bookmarked this. If it's all well and good, then this could possibly be the easiest way for me to buy them.  I'm building a bigger reserve and limiting my clients at 7BTC per day TOTAL (for all clients which they are ok with). It has to be limited because of traffic. If purchases exceed the limit that day requests get pushed to the next day. Soon it will go up to 10 BTC a day total increasing the flow. With www.SERVE.com, you fund your personal AMEX(proper establishment) account (3 days or less) then send me the $$$. In 4 - 5 days I will have your BTC with an invoice sent directly to you, here recently it has taken up to 6 days because of the transition from popmoney to serve. It's good to see you are scaling up, but have you thought about taking MoneyGram? That way I can just wire the money to you from an envelope of cash I take to WalMart, like BitInstant lets me. That's really the killer feature that you have to beat. If you had that I might be interested. DeathAndTaxes is right about it being very helpful for a broker to have a healthy amount of the Assets they are trading on hand. If nothing else it helps to make sure that you aren't going to have to honor a purchase price that ends up being well under the market price you have to pay for the bitcoins. You made a sweet looking website, see if someone will sell you some BTC for web or graphic design services. Any bitcoin you can gather for yourself can help to insulate you from price spikes. You probably want to start saving some of your dollars you are collecting in fees as well so you can take advantage of any downturns to add to your reserves. |
|
|
|
|
I'd just like to throw out some serious props to Kumala for how quickly and thoroughly he took care of this. I started trading again on Vircurex soon after they re-enabled deposits, and everything has been incredibly smooth.
|
|
|
|
Ltc withdrawels are 5 Ltc per withdrawel now, really? I have 10 Ltc on the site, and will have to pay 50% of it as a fee? You will lose a lot of business if this is for real.
Also, while you are at it, please take a look at other exchanges and improve your exchange. It's very confusing, you allow way too many scammy alt coins to be exchanged, which had premining going on like Solid Coin for example. Next, apart from the terrible page design, trading isn't convenient at all, I have to calculate and type dozens of digits whenever I want to change dvc or ixc to btc, then back to ltc. Why do I have to change for ltc, you might ask, other than the fact that I like ltc? Because the withdraw fee for Btc is at a ridiculous 0.1 btc per withdrawel. What a rip-off.
So, while I only use vicurex to profit from some merge mined fractions of coins (way too little volume for actual trading) some real competition for btc, nmc, ltc markets would be very muchly needed. It would be desirable if vircurex presented a a real alternative to btc-e. However, unfortunately you are lightyears away from it.
While I agree the 5 coin fee for LTC (and NMC) is ridiculous, the inclusion of many altcoins is what gives Vircurex its market niche. So, please put the fee back to what it was, but leave the alt coins. An easier way to spend "all funds" at once (on a buy) would be nice as well. You can spend all of whatever currency you are trading by clicking that balance and and then clicking a low enough sell price to cover all of those coins. If you mean out all of every currency into one buy, I'm not sure they can do that. |
|
|
|
|
$21.25 I'm just predicting the fairly steady increase since the 5 dollar post Pirate ceiling to continue.
|
|
|
|
I don't know that I would ascribe the current rampant bulls to high forum traffic but I would guess they both have a common cause? forum running quite slow for me, anyone else? Yes. |
|
|
|
I can't really think of a way to make BTC illegal. Unless everything related to computers become illegal as well.
Not exactly "a way" per se, but the US gov technically "owns" the sha2 encryption algo, and can disallow the use of it. Still, the enforcement would be tricky. No. All publications by the US government are in the public domain. The GPO may have a nominal charge if you want something on paper, but everything the US Government makes available is completely unrestricted by copyright. When the NSA published suite B which includes SHA-256 and ECDSA they both became public domain. Actually they became that earlier in the process of being proposed for inclusion in suite B. Anyone saying either algorithm is encumbered by patent or copyright is spreading FUD. |
|
|
|
There are plenty of people that still have Pirate bonds and these are likely to be for sale! (Because Pirate stopped paying). I have something even better: Direct Pirate debt! I'm even willing to sell it at a discount!  All you have to do is track Pirate down and force him to pay before he has wasted it all on hookers and blow. How hard can that be?  If there were any decent leads, someone would have bought that debt already to collect in blow. |
|
|
|
i apologise if im being nooby but i recently got an asrock fm2 motherboard with a black edition trinity processor and 8gb of ram, however when i try to mine i get 2 optrions scrapper and my apu, scrapper gives me 42 mhash/s is this my onboards? shouldnt i be expecting more from 7540 graphics? or is it the fact that its onboard that is the problem? any help would be appreaciated, thanks
It does sound about right for a 7540. The onboard options for the Trinity A8 and A10's apparently don't do much over 100 mh/s either. If you want to mine, a dedicated card would probably be better, 8gb of ram is also overkill for mining and won't do much for hashing speed. That rig though would be great for games though, or vanity address mining. You could throw in a higher end dedicated graphics card to mine while you game on the onboard. Or spending the money a dedicated card would on bitcoins through a market might yield higher returns, it is a bit late in the game to throw new GPUs at mining but a cheap used 5970 or 6990 might be worth it. You have a sweet piece of hardware as it is. Enjoy it, those mere "onboard" graphics are killer when aimed at Fallout 3 or New Vegas. |
|
|
|
You could try and merge some of the changes upstream, but honestly, I'm not sure I care about litecoin. Is there some massively compelling reason you want to support that?
Yes, because i intended the client to work with bitcoin and litecoin and virtually every other *coin that is available atm - but only worked out BTC and LTC so far Keep in mind that all of the altcoins have their own little wallet quirks that are going to require maintenance. Reciever files in DevCoin, Pay Per Share mining in PPCoin, tec. |
|
|
|
Service restored: deposits, trading and withdrawals are working again For the time being, some restrictions apply until we have sorted out the account details and validated data integrity. | Trading | Deposits | Withdrawals | | BTC | Active | Active | On hold | | NMC | Active | Active | On hold | | LTC | Active | Active | On hold | | DVC | Active | Active | Active | | SC | Active | Active | On hold | | IXC | Active | Active | Active | | PPC | Active | Active | Active | | USD | Active | Active | Active | | EUR | Active | Active | Active |
It's good to see you are recovering so quickly, especially with the severe downtime or outright collapse most exchanges seem to go through. |
|
|
|
Why are there so many bitcoin haters on slashdot? I don't understand.
My guess ... My alternate theory is that the percentage of intelligent people on slashdot is actually very low. For a while this was hidden because the few true experts outshined the mobs of non thinkers. Some time ago slashdot hit that tipping point where it kinda became pointless. If you browse the comments on that post with a threshold of 4 or 5 instead of reading everything, it is mostly bitcoin love. Browsing at 0, 1, or 2 on Slashdot any more most comments on nearly all posts are going to be FUD, Schilling, or fanboism. I try not to let my reading threshold drop below 4 unless I have mod points. |
|
|
|
You will never have a commercially made ASIC miner for SHA encryption!
Until every organisation on the internet and off the internet changes the way they encrypt their information, you are out of luck.
Reason being:
This ASIC hardware could too easily be reverse engineered to decrypt SHA. And with it's small size and power consumption they could be ran almost anywhere barely undetected constantly attacking SHA at an incredible rate. Essentially these devices would put too much power into public hands.
If you are going to continue to pursue this Bitcoin mining game you better load up on FPGAs and GPUs!
Now someone tell me I am wrong.
Thanks.
SHA isn't encryption. It is a one way hash function. It obscures an input, but on the level you are arguing encryption might as well be the term you want to use. The thing about SHA as a one way has function is that unless the math is broken by anything less than a brute force attack, it is still "intact". Yes ASICs might make this easier, but... - As single purpose chips this are aimed at SHA-256
- Moving existing applications from SHA-256 to SHA-512 fixes this, probably (if the asics as delivered could perform either calculation instead of only one, the engineering was likely suboptimal because they probably could have squeezed out still more performance on the same die.)
|
|
|
|
You're too late. Difficulty is skyrocketing, rewards are halved. Don't bother. Less people mining = more profitable for me.
A low risk budget rig is probably still worth it if you can afford to run the rig off your existing income and are counting on the price of bitcoins to continue appreciating. It's just a matter of finding a pool that a budget rig will make enough to qualify for payment from. |
|
|
|
This would be my bet. From what I understand lot of the traders on Mt Gox are actual banking and finance types trading on their own, who have the money to keep pushing BTC value upwards. Unlike with the Silk Road bubble where people were just pushing up the price because they wanted online drug buying tokens and dumped them because "Tor is hard" and the threat of a crackdown appeared, this round of money boosting BTC is buying because they are investing. When good news happens like the BitPay funding they are going to feel bullish. The best thing we can do as bitcoiners is not do stupid shit like send half a million bitcoins to the next Pirate, allow any services we might run to get hacked repeatedly (cough, bitcoinica), or otherwise as a community do anything stupid enough to get a negative bitcoin stories on Slashdot or Ars Technica. If we want to see the price of bitcoin continue up, we have to keep up the good news. |
|
|
|
Perhaps I can put some financial incentive in it which would definitely make me work fast and furious. I'll make it freeware with the "pay what you want" concept and a suggested donation of around 0.70 BTC (close to $10). I have no moral problem with proprietary software (in fact, been developing it for years) but I think making this free to use would be "in the spirit of Bitcoin", and a great way for our new company (and me, personally) to contribute to Bitcoin and the community. But do you think it would actually work, or would people just download it and say "eff that ATC guy!"? lol... As far as general tips if you decide to develop a client go, it is hard to go wrong if you use bitcoind to handle the networking on a full client or an electrum server (it'd probably be polite to set up your own for testing your software on during development) if you go the light route.
Thanks for the suggestions. I'll be looking into this more quite soon. But I can't let myself get too many simultaneous development projects going on! Believe me, I can really get carried away!  Donations aren't something to count on, but if you could produce a web version either as your primary, or as a demonstration that could get whatever site you put it on quite a bit of traffic. Traffic brings its own problems though. A charge of a bitcent, bitnickle, or bitdime to unlock some of the advanced functionality though might bring in more revenue than a higher charge or suggested donation. If we've learned anything from mobile app land, lots of small purchases make more money than a few big ones in a lot of cases. If you worry about getting carried away just remember that it is okay to let dead end projects die. It is alright to start a bunch of small projects to learn aspects of how bitcoin works and then kill the small ones to focus on a few you find interesting or potentially lucrative. Rather than trying to make a single big project at the outset instead make features that let you learn and practice, which might be useful incorporated into a project. |
|
|
|
|
Show Posts
