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481  Economy / Trading Discussion / Re: MtGox makes more money the higher the price of bitcoin - conflict of interests? on: May 10, 2013, 05:54:34 PM
I was asking the OP.  I believe his argument is flawed.  I agree with you in that IF there is a conflict of interest it is that panic/volatility/chaos leads to higher volume = more trading fees.

Ok, lets do some maths:

fees 0.6%:

1btc sold at $1000 = 0.006 * 1000 = $6 fee

1btc sold at $100 = 0.006 * 100 = $0.6 fee

Therefore, at higher dollar value of bitcoin, MtGox makes more per transaction and hence there is a conflict of interests?

Smiley

Cheers, Paul.

First off, the more you trade, the lower your fees.

Secondly, 1 BTC = 1 BTC. I believe Mt. Gox has said at some point that they do not sell their BTC for USD. If I have time, I'll try to find the quote.

Thirdly, as others have mentioned, you are ignoring the volume (the size and number of transactions). It does Mt. Gox no good to make more per transaction if there are fewer of them and/or they are for smaller amounts.

482  Other / Beginners & Help / Re: Merchant solution on: May 10, 2013, 04:26:24 PM
Hi all

Im kind of new to bitcoin (just mined my first 0.05 the last few days hehe) and like its idea.

I run a e-commerce (growshop) and would like to accept bitcoins. Ive allready looked a bit into bit-pay so far and was wondering if there is a similiar service that offers a share of the price to be paid in BTC.

As an example, if the customer has to pay 100.- for an item i would like to recieve 90.- in my currency (CHF) and 10.- in BTC.

Im thankfull for any ideas.

J

I believe Bit-Pay gives you that option.
483  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs to be simplified for the stupid. on: May 10, 2013, 04:10:37 PM
Bitcoin is a very strange and complicated item.

It's as if an automobile was just dropped into a civilization like ours that had never seen them before. Many would fear it because of its potential to cause great damage if not handled properly. Many would be daunted by the unusual and odd interface, not to mention learning how to operate it. Many would be concerned about the regular and expensive fuel requirements. Even those curious about it would be overwhelmed by the features and options.

Those who saw the inherent advantages and lucrative business opportunities would be tinkering, experimenting, redesigning, and finding ways to make them appeal to everyone from those who just need to get from point A to point B and the extremely wealthy.

There is sooo much territory to be covered in bitcoinland and we are just beginning to make some headway. It will be a while before there's a bitcoin in every garage, but I feel it's inevitable.
484  Economy / Service Discussion / Re: Is there a website I can buy groceries at? on: May 10, 2013, 02:56:23 AM
The problem is that groceries are usually perishable. This means that you'll be paying a pretty bitpenny for rushed and/or refrigerated shipping unless you're lucky enough to have a grocer in your neighborhood who'll take BTC.
485  Bitcoin / Meetups / Re: Considering driving to San Jose for the Bitcoin Conference on: May 10, 2013, 01:56:34 AM
I didn't make the Austin meetup scheduled for tonight so I'll bump this thread to let anyone in the area looking for transportation know I still have space available.
486  Other / Off-topic / Re: Post your Total time logged into Bitcointalk on: May 10, 2013, 12:54:51 AM
Total time logged in: 57 days, 13 hours and 40 minutes.

Catching up with you paraipan.

Total time logged in: 100 days, 14 hours, 14 minutes.

I registered two months before either of you and I thought I was spending too much time here.



Catching up with you paraipan.

Total time logged in: 100 days, 14 hours, 14 minutes.
Make sure your wife doesn't see that!
He's not married. I guess that accounts for it.

487  Bitcoin / Project Development / Re: [ANN] Bitcoin on Blueseed, the international waters startup ship on: May 10, 2013, 12:06:52 AM
One of the conveniences the website says Blueseed will offer is a "post office." Will that be a US post office? How will that work?
488  Bitcoin / Bitcoin Discussion / Re: Do most bitcoin users actually think.. on: May 09, 2013, 08:56:21 PM
Bitcoin won't replace fiat just like credit cards haven't replaced cash and PayPal hasn't replaced credit cards. Bitcoin will eventually supplement existing currencies.

Bitcoin will probably replace Western Union and the like, however.

BTW, if Bitcoin becomes more prevalent, more users will be earning their wages or selling goods for BTC so I think there will be even LESS need for Bitcoin ATMs, etc.
489  Bitcoin / Project Development / Re: Creating a profitable website, how to do it without anything except the idea ? on: May 09, 2013, 07:48:56 PM
Secret number one in this biz:
Someone smarter and with more resources than you already had your idea.
Not always!

Right.

Sometimes no one has had the idea before and it still isn't viable.
490  Other / Beginners & Help / Re: My bitcoins have been stolen on: May 09, 2013, 07:17:32 PM


I lost .5 BTC in the whole thing because the thief (whoever it is... I am so confused) got everything in my wallet and I had .5 before this entire transaction with the USB stick and the 7970 sale happened.

I thought you lost 3+ BTC, you only had .5 total?

1. Before everything, he had 0.5 BTC and his card.

2. He then sold his card and had 3.873 BTC.

3. His BTC was stolen and he had 0 BTC and no card.

4. The prime suspect offered to return the card. If he did, Kennji now has 0 BTC and his card back.
491  Other / Meta / Re: Enhancing the security of this forum by integrating two factor authentication. on: May 09, 2013, 06:13:24 PM
I worry that this might give some a false sense of security if dealing with forum members. What if I don't utilize the 2 factor auth and my account gets hacked? Potential victims may feel they have no reason to question suspicious or odd behavior from a previously trustworthy individual, just assuming that the chance of a hack is nil.

I guess a warning should be given when creating an account: "Two factor authentication highly recommended! The reputation you save may be your own."
492  Other / Beginners & Help / Re: My bitcoins have been stolen on: May 08, 2013, 02:01:32 PM
eek, this is my biggest fear with these crypto currencies


Allowing someone unrestricted access to your computer is just asking for trouble even if you've never touched a crypto-currency.
493  Other / Beginners & Help / Re: Blockchain took my money. on: May 08, 2013, 01:47:00 AM
BOWWWW!!!! I LOVE YOU MAN!!! IM IN THERE!!! I COULD KISS YOU!!

Sounds like maybe you found what you were looking for? If you found the private key, be very, very carfeful not to lose it now.  Wink

You should also change the title of this thread.
494  Bitcoin / Meetups / Re: Austin, TX on: May 07, 2013, 08:27:34 PM
Is there a plan to have another Austin meetup?

There's one planned for Thursday: http://www.meetup.com/BitcoinCryptocurrency/Austin-TX/937952/

I am going to do my best to attend this one.
495  Economy / Marketplace / Re: What are Some Good Ways To Earn Passive Income With Bitcoins? on: May 07, 2013, 06:39:22 PM
1. Create a website that generates a lot of traffic.
2. Open an Operation Fabulous account.
3. Place ad code on website.
4. Profit.
496  Other / Beginners & Help / Re: Printing photos for BTC on: May 07, 2013, 05:32:25 PM
I there a catalog for bitcoin services and goods, like a dedicated wiki or webpage?

I added you to The Bitcoin List: http://www.thebitcoinlist.com/listing/bitprint/

You can also add yourself to the main bitcoin wiki: https://en.bitcoin.it/wiki/Trade
497  Other / Beginners & Help / Re: My bitcoins have been stolen on: May 07, 2013, 01:15:38 PM

so he's returning the card out of the goodness of his heart and despite the fact he lost not only what he paid for the card but also money from his own wallet.


If I believed the other person needs it more than I do and was not responsible, I would.

Besides, if he was the thief and he returns the card, what has he gained? Just the BTC, right? They would both be back to where they started - Kennji would have his card back and the thief would have just stolen his own bitcoins back.

He's only returning the card because he was caught.

I can't believe how people on here seem to want to go for the most elaborate scenario possible when it's obvious what happened. Anyway good luck to the op.

THIS. The whole "oh some malware got on his USB stick and it autoran on your computer" is sooooo unlikely, that is not how most malware is spread whatsoever, and most people have USB autorun off, I think it's off by default in most modern Windows installs.

The argument of "he didn't do this scam in the same way that many thieves do scams!" is just silly, there are tons of novice criminals, dumb criminals, etc., and it's even possible that he had only vaguely thought of it before, but once he was there and you left the room, he went "ah why not".

Anyhow, if the guy claims he ALSO had coins stolen at the same time, I'd like to see him prove that, show a transaction at the same time from an address he can prove is his. THEN maybe I'd start to believe him.

gl OP

I believe the least likely scenario is that he infected the computer with a wallet stealer via the USB stick. It is more likely that there was already something present on Kennji's computer, especially considering his naivete toward security, and it was just triggered by the additional BTC. If that was the case, it most certainly would have transferred itself to the USB and infected the other person's computer as well.

Of course, the most likely and simplest scenario is that the wallet.dat was simply copied while he was out of the room.
498  Economy / Services / Re: Any good writers out there?? (1-2 btc bounty) on: May 07, 2013, 01:01:07 AM
If the work is divided, how much would each story earn? What kind of time frame are we looking at?

I might give it a shot but I'm about to turn in for the evening.
499  Other / Beginners & Help / Re: My bitcoins have been stolen on: May 06, 2013, 11:50:19 PM

so he's returning the card out of the goodness of his heart and despite the fact he lost not only what he paid for the card but also money from his own wallet.


If I believed the other person needs it more than I do and was not responsible, I would.

Besides, if he was the thief and he returns the card, what has he gained? Just the BTC, right? They would both be back to where they started - Kennji would have his card back and the thief would have just stolen his own bitcoins back.

He's only returning the card because he was caught.

I can't believe how people on here seem to want to go for the most elaborate scenario possible when it's obvious what happened. Anyway good luck to the op.

I agree that he is the most likely culprit, I'm just pointing out details that show it isn't as "obvious" as it might seem.


He's only returning the card because he was caught.

He wasn't caught, he was accused.
500  Other / Beginners & Help / Re: My bitcoins have been stolen on: May 06, 2013, 11:34:44 PM
He brought over his 3 year old daughter too and my son played with her while we did the transaction.

It's not the first time I hear about petty criminals using children has a decoy to their misdeed, but bringing one's daughter to conduct a scam that could have gone wrong very quickly is just shocking to me!

I remember watching an interview with a car thief serving time in prison who claimed he always took his toddler daughter along so as not to look suspicious.
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