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on a 2x game... i had 13 rolls against me the other day (friday the 13th, no joke) on primedice that occurred just before 1000 rolls was up, lost the entire bankroll... this is after the previous 1000 rolls had a 10 rolls against me
i should probably not play the lotto huh...
wtf are the chances of tails coming up 13 times in a row...
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 I am not saying, I am asking. Now for the more serious first answer: It matters to me. Obtaining correct information, no matter how large or small can help profile an entity. In a financial environment attention to detail should be a strict requirement. It looks like they registered with the identity provider gbgroup that itself is registered as I found out here: http://wck2.companieshouse.gov.uk//wcframe?name=accessCompanyInfo-- GB Group plc A Company registered in England and Wales, 2415211. Registered Office Address: GB House, Kingsfield Court Chester Business Park Chester CH4 9GB -- I am checking now, if bitstamp.net is a client of this company. If they really are, it solidifies my impression of bitstamp.net as a candidate exchange. Might I ask your trusted-exchange-selection algorithm, please? I do not see a question mark in your entire original post, therefor you are not asking  My algorithm? How about: 90% of the time when I call with an issue someone picks up the phone. That someone speaks very good English. And the problem, sometimes having to do with banks and funds, is resolved in under 1 hour typically. |
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This would be pretty easy to test. Just get a bunch of friends to start exchanging encrypted messages about bombing an embassy or govt office. If these douche-bags can break it, they'd be on you like white on rice.
can anyone think of a lower risk way to test...? You all sign a notarized piece of paper that these conversations are to exercise artistic speech to create a book and that there is no intent to carry out the discussion that will take place beyond creating a work of fiction? |
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Guess what every college student that wants to score some stuff will know exactly how to use SR by spring 2014... I already see it at the uni I am in... last year few used it... now I may have heard rumours  of a handful of guys who take orders for others and themselves... this. I'm not familiar with the current volume of sales on SR. But from what my flatmate tells me about his student life, word of btc is spreading exponentially at his university since april. especially in the several subcultures with a tendency to drug use. SR doesn't even represent 1% of worldwide blackmarket and the provided feedback option gives consumers the possibility to be much more safe getting decent quality instead of depending on the little dealer at the corner. I don't know how governments will handle this but I'm sure that market sector will grow easily by more than 200% within the next years. Even if govs attempt to take action, it will become a cat-and-mouse game similar to sites offering pirated material. From having had a look at Silk Road I see that the prices are such that if I was interested in using it then that would be as a seller, not a buyer because the prices are about double what they should be. A lot of people are making a lot of cash there, that's for sure. No, I haven't bought or sold anything there myself; I don't find prison food appealing. (to be honest I don't find my own cooking very appealing either!)(and I haven't tried prison food, for all I know it could be better than my cooking) Silk Road might be anonymous but going to the post office every day to post boxes of drugs definitely isn't, nor is ordering them to your address as if you're innocently buying things from Amazon. Back on topic, I wonder if the price is going to break the $150 psychological barrier any time soon, and what will happen afterwards. The person who keeps placing these large buys seems to be being careful not to shove the price too close to $150, and then waiting for it to fall back and the ask pressure to build again to avoid slippage each time before he next buys in. you are assuming that some of the items available in SR are available in all geographies which is not the case. for many due to geography the prices are competitive and the quality is better, and there is more available. also there is the issue with quality control via the crowd, and not having to see deal with someone face to face, some of who can be unpleasant or unsavory as far as selling... all you need is a box, tape, wrapping, a scale, and stamps and you can leave the packages at many places for the post man to pick up as far as receiving, i am sure the post office will deliver any package addressed to Ronald McDonald at my house and many others... |
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Falkvinge wants bitcoin to become what he thinks bitcoin was made for.
The most importan claim he makes is that more than 90 percent of the bitcoin-prize is made of speculation. Even if he's wrong and it are 80 or 70 or 60 percent - this is more unnatural and insustaineble than fiat has been in its worst days.
I also think bitcoin is overvalued, but the guy seems a bit delusional. Probably sold at $65. Lol. take your homework. If Falkvinge sold at 65 he made big wins. He's not a greedy guy but an ideologist. And what we are seeing at this time is a rising price while bitcoin stagnates resp. while those who are trying to make bitcoin work like its designed to work face some regulatory and technical problems which won't be surpassed soon. Look at the amount of articles in the Press section of this website. There are REAL articles from known media websites and mags, this was NOT the case 6 months ago. 6 months ago Forbes was calling bitcoin a joke. Now we are getting headlines like this: The Federal Government's Reaction To Bitcoin Is An Acknowledgement Of The Dollar's Vulnerability -15000+ pageview www.forbes.com/sites/peterferrara/2013/08/25/the-federal-governments-reaction-to-bitcoin-is-an-acknowledgement-of-the-dollars-vulnerability/Follow The Bitcoins: How We Got Busted Buying Drugs On Silk Road's Black Market -50000 pageviews www.forbes.com/sites/andygreenberg/2013/09/05/follow-the-bitcoins-how-we-got-busted-buying-drugs-on-silk-roads-black-market/Guess what every college student that wants to score some stuff will know exactly how to use SR by spring 2014... I already see it at the uni I am in... last year few used it... now I may have heard rumours of a handful of guys who take orders for others and themselves... |
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This divided by that—easy peasy. Falkvinge should run the Fed. lol He should take a pencil to his other eyeball |
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Does this mean we should be selling now? |
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I dont imagine gox failing. They make tons of money in fees. Although, I suppose, it is possible. If Gox does implode, then most coins should have been sold on other exchanges, causing a dive elsewhere. Those on Gox of course, well, we're fucked :/
Gox isn't going anywhere. Having now properly read over their counter claim, it's clear they have Coinlab by the balls. When this court case is done and dusted and there'll be a big payout coming Gox's way. Getting a judgement is one thing, collecting it is quite another. yup... coinlab has no money other than some cash from Draper... they will just go BK... |
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okay maybe hoarding is not the right word.
i know people who got paid in btc over 2 yrs ago (so you can imagine how many figures that would be) who have never bothered to spend it or move it
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YESSSSS. Now if obtaining bitcoins wasn't so cumbersome, sites like this and the bitcoin store would see much higher volume. As an enthusiast, I try to spend BTC whenever I have the opportunity. But in all honesty as the infrastructure for obtaining coins currently stands, it's not worth the hassle of acquiring more to spend. If I made a few coins from arbitrage or tips, sure I would spend them, but when that spare coin wallet is empty, it's back to the plastic in my leather wallet.
As more people generate income in BTC, sites like this will take off. And as sites like this take off, more people will generate income in BTC.
problem is some people are hording them... look at the damn volume on gox, it is super low |
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You cannot transfer miles from an airline to a credit card and then get cash from them, it only works the other way around.
The exchanging back and fourth to fiat is the key.
I dont see how this is any different then mtgox, it also does not allow you to cash out  |
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