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1  Economy / Scam Accusations / Re: The WeExchange 2nd Stage Con! Currently ~$1,250,000 (Check the NEWS) on: November 29, 2013, 03:00:50 PM
Date   2013-11-19 06:55:50
Transaction ID   a2tsW31jOR8ddTgxga6wmUeZAEhKU5xq
Withdraw 0.22295250 BTC
Status   Processing
2  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 10, 2013, 05:48:53 AM
Are we rich yet?

I think we all died tryin'   Cool

Just LOVE the spirit in this thread!
3  Bitcoin / Bitcoin Discussion / Re: ! 5 Bitcoin Independence Day Raffle ! on: June 29, 2013, 08:32:27 PM
fiaskow

Thanks and good luck.
4  Economy / Service Discussion / Re: Bitcoin investment 1% Per day - Is it real? on: June 09, 2013, 08:27:18 AM
Rather invest your bitcoin in Asicminer shares. They are currently paying >1% weekly dividends at the current share price. This is income derived from mining and selling hardware at great prices.
5  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 07, 2013, 07:10:12 AM
The comparison is faulty because AM is a company and the other alternatives are hardware.

Why is that relevant, you ask? Well, AM will (hopefully) continuously renew itself and its strategy in order to keep earnings high, whereas the hardware simply gets outdated and earns progressively less and less as time goes along. So: buying hardware may earn you more in the short term, shares in AM may earn you more in the long term.

Comparison is NOT faulty. It is a comparison of "investment" (whether in hardware or a company) and "return" (whether mined bitcoins or dividends paid out as bitcoins). I think most people will agree that the value of hardware (GPU or ASICs) will generally depreciate over time, so that is a "known." The big unknown is AM, which as you point out is a company. We hope they will continuously renew itself, but anything can happen.

It is faulty. Usually "return" is calculated as the appreciation in share price + dividends. If we make the assumption that the share price stays the same indefinitely, you will certainly realise a positive return whenever you choose to sell your shares. Obviously we would like to see the share price appreciate as well.

The rest of the investment examples are correct and you fix your GH/BTC rate when you purchase. With AM, your GH/BTC investment will increase overtime as Friedcat expands his mining effort and switch to 2nd gen ASICS etc. In the long term, this is where you want to be!
6  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 06, 2013, 12:41:14 PM
I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!


I saw my address. Amazing that there are only 428 shareholders and only 30 guys who have only a single direct share, me included. Smiley

There are 1076 shares left/missing in this sheet, so technically there could be 1100+ shareholders with just 1 share Wink


And there are obviously some owners via PT shares, like me.
7  Bitcoin / Bitcoin Discussion / Re: Start Using mBTC as Standard Denomination? on: June 01, 2013, 08:18:07 AM
The whole unit change seems so disruptive and difficult to coordinate now -- do we really want to have to deal with another one later when there are way more people to try to coordinate? I really think we should look to the endgame and figure out where we want to be.

I'd propose moving to uB (micro-bitcoin = 1e-6) as the standard unit now and forever. For now, it can be referred to as uB or uBTC, but over time, once it's ubiquitous, it should just be called a bitcoin. Because the smallest unit is the satoshi (1e-8), this means uB-denominated prices would get 2 decimal places maximum, which is the most that any consumer wants to deal with anyway.

At the same time, I'd propose inverting the exchange rate, so instead of quoting uB/USD = .00013, it would be quoted as USD/uB = 7692. This is exactly the same way Yen are quoted relative to USD (USDJPY = 100.66), and is also the same way other private virtual currencies such as WoW gold are quoted.

Amen. Think about the end game now, otherwise we'll have the same problem 5 years from now with mBTC. Besides, when bitcoin started out, the exchange rate was BTC10,000 / 2 pizzas. We can live with it for a while.
8  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 30, 2013, 07:51:44 AM
Has anyone seen their ASICMINER-PT divs come in yet?

Got mine

Got mine too.
9  Other / Beginners & Help / Re: 1 Free Bitcoin Giveaway! on: May 07, 2013, 03:19:37 PM
Worth a try. Put my up for 1.

1G9cmon2QKzry6UiVUh566i99ZxTbZjtsx
10  Economy / Speculation / Re: What do you see here? on: April 30, 2013, 02:45:24 PM
It really not comparable. The weekly chart is throwing away important information because its too granular. Don't look for something that fits your idea of what the trends should be because you'll invariably find something that fits it.
11  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: April 30, 2013, 02:41:37 PM
Why is it lagging? It doesn't seem to be that much active....


Could be a DDoSing or something similiar.  What's funny is that just a month ago Gox lag at this poitn would already be above 5mins.  Gox is holding up astoundingly well compared to what us bitter vets have grown used to.


This is purely Mt Gox lag on volumes. They need to do something about that atrocious matching engine.
12  Bitcoin / Project Development / Re: [BETA]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: April 25, 2013, 09:52:16 AM
hi, i will like to remember to all user that they can rotate loans, here is a short example

1 lets say you have 100 USD in loans at 20%
2 said loans will show up under Borrowed funds used in a margin position
3 now from the borrowing table you need to borrow another 100 USD at lower rate lets say 15%
4 the new cheaper loans will show up under Unused borrowed funds
5 now you only need to click close on the expensive loan under Borrowed funds used in a margin position and the cheaper loans will used for your position

make sure you always have a same or superior amount or you will have a partial liquidation of your position

Hi thanks for this. I did figure this out after experimentation and I'm rotating my current 400% loans to cheaper ones at around 150%.

But still,
1. I had 50% loans that where closed with the partial liquidation.
2. I needed to add funds (from my BTC wallet) to the margin account in order to take out a new loan before closing the old (rotating loans) one as my margin was already used up.

Otherwise, I'm relatively happy with the platform. You learn these things as you go. School fees, you know.

Side question:

The 'Route Order' functionality is not clear in the UI. You can either:

Not Route Order = Executed on Bitfinex?
Route order -> blank = Executed on Mt Gox?
Route Order -> Bitfinex = Executed on Bitfinex?
13  Bitcoin / Project Development / Re: ANN: 100mBTC (0.1 BTC) physical coins + 5 free coins naming competition on: April 25, 2013, 09:17:27 AM
naked like african or jungle people.

What a bad assumption! Who coloured your picture of Africa?
14  Bitcoin / Project Development / Re: [BETA]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: April 25, 2013, 09:10:41 AM
I have some favorable loans used in a long position (85%). I would like to close the position but keep the loans. Is that possible somehow?

I've assumed that that would be the case, but apparently not! I had loans at various rates, with the lowest rates being the first ones I took out. When I closed a fraction of my trading positions later, it closed the more favourable loans as well (a 50% loan, 30 days), leaving the rest of the position with the more unfavourable loans (200%+ loans)! In my opinion this should not happen and the funds should remain available to me, not closed out. Seems like it closes loans in a FIFO fashion, thats why I lost the older, more favourable loans.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Giveaway! on: April 22, 2013, 11:33:48 AM
rPkXPtsGZ6V1ra1AD6qBQYccRLQspds4QF
16  Other / Beginners & Help / Re: Explain wallets to me on: April 22, 2013, 08:56:07 AM

I'm 46, been messing around with computers since I was 22, yet for some reason I'm having a really hard time understanding this system. My actual job is helping people understand technical systems and selling them on the benefits, yet here I am feeling clueless. As soon as I think I understand something it seems that's wrong, or even dangerous.


The key is in understanding some cryptography concepts, in this case primarily Public-Private key cryptography.

You also need to understand the 'compromised keys' comments in context. The context can be found in the minds of cryptographers. Paranoia rules (with good reason). The rules are black and white. Something is only secure if it can be mathematically proven, so even the perception, however slight, and in real life, however unlikely it is, that a secret is compromised, it will be labeled as such. It makes it easier to talk about these concepts as there is a clear boundary between what is secure and what not and what lies inside this boundAry.

So labelling something as 'compromised' means that it is not protected by a cryptographic boundary anymore and is now probably only as secure as the rest of the files on your computer. By no means is it exposed to the whole world all of a sudden.
17  Other / Beginners & Help / Bitfinex on: April 14, 2013, 07:51:57 AM
I've been trading on bitfinex since the day of the big sell off (actually discovered it that morning and moved some of the meagre amount BTC i own from mtgox to there). I find it fantastic because its a trading platform that provides rich trading options, unlike mtgox, which doesnt even have stop order functionality which i wanted to protect against the "bubble popping".

I managed to open a short position on BTC at $220 during the sell off to hedge my current BTC holdings which means i didnt have to sell my BTC on mtgox during the lag period. I still have all those BTC on mtgox.
18  Other / Beginners & Help / Re: I ordered a BFL 50GHs - and THEN did the ROI math... on: April 14, 2013, 07:42:48 AM
In the long run, you might still be profitable. There was a time when GPU mining was not profitable (if you immediately wanted to sell the coins) but if you hold on to the coins, it might be worth it later.

Right, but you have to compare it to how many coins you could just buy outright for that investment.  Apples to apples.  If I could buy 25 coins for 2500 vs. how many coins can we mine?  It all depends on that ramp up of total hash rate.  I'll break even on my box but a few months out, it might no longer cover the cost of electricity.


True.
19  Other / Beginners & Help / Re: How I got my first 300 xrp on: April 14, 2013, 07:39:56 AM
Is this still active? And is it working for accounts opened after 19th Feb?

would also like to know if theyll pass on to newbies? Lets try anyways.
20  Other / Beginners & Help / Re: Satoshi Nakamoto explains the blockchain on: April 14, 2013, 07:22:31 AM
It'll be interesting to see if Bitcoin can avoid having any more issues and hackings throughout it's hopefully continuing life Smiley

Don't confuse the bitcoin network with the exchanges/wallets/services built to lubricate the bitcoin economy. There will always be security breaches of those types of services.Just like regular online banks/payment services gets phised/compromised but it doesnt have a material effect on the currencies it holds/trades.
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