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Author Topic: Don't let the news of hacks and bitcoin thefts+losses get you down  (Read 1938 times)
Coinoisseur
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August 01, 2012, 01:42:25 AM
 #1

Online poker sites settle fraud charges for $731m USD - http://www.bbc.co.uk/news/world-us-canada-19069343

Just want to say that although current and future shenanigans are not ideal, it's part and parcel with a healthy currency. I'm staying long (positive) on Bitcoins and it's concept and I'm not referring to exchange rates.


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unclemantis
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August 01, 2012, 01:44:59 AM
 #2

I am staying in the game!

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Bitcoin OTC | GPG Public Key                                                                               thoughts?
Matthew N. Wright
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August 01, 2012, 01:48:41 AM
 #3

I don't believe Ƀ is going "up, uP, UP!",

I believe it's going horizontal, as it should go.

unclemantis
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August 01, 2012, 01:49:59 AM
 #4

I don't believe Ƀ is going "up, uP, UP!",

I believe it's going horizontal, as it should go.

UP UP UP

DOWWWWWWWWWNNNNN

UP UP UP UP UP

DOWWNNNNNN

UP UP

DOWN

UP UP UP


ETC...

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aq
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August 01, 2012, 03:24:40 PM
 #5

I don't believe Ƀ is going "up, uP, UP!",

I believe it's going horizontal, as it should go.
We can only hope, that Ƀ will go down, while BTC will go up Wink
bbit
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August 01, 2012, 04:20:57 PM
 #6

I'm not going anywhere!  Grin


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URSAY
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August 01, 2012, 04:38:12 PM
 #7

Difficulty proving that I am not a scammer gets me down more then anything.   Cry

I thought BTC transactions were supposed to be easy and painless???  It's not like I'm new to Bitcoin.

Don't tell me about bitcoin-otc.com.  Although I was able to use the system, it's in no way user friendly to the average person who wants a Bitcoin.
Matthew N. Wright
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August 01, 2012, 04:43:55 PM
 #8

Difficulty proving that I am not a scammer gets me down more then anything.   Cry

I thought BTC transactions were supposed to be easy and painless???  It's not like I'm new to Bitcoin.

Don't tell me about bitcoin-otc.com.  Although I was able to use the system, it's in no way user friendly to the average person who wants a Bitcoin.

Hear, hear. It's also inappropriate as you can give someone negative or positive ratings based on your opinion of the color of their hair if you want.

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August 02, 2012, 09:30:45 AM
 #9

Difficulty proving that I am not a scammer gets me down more then anything.   Cry

I thought BTC transactions were supposed to be easy and painless???  It's not like I'm new to Bitcoin.

Don't tell me about bitcoin-otc.com.  Although I was able to use the system, it's in no way user friendly to the average person who wants a Bitcoin.

Hear, hear. It's also inappropriate as you can give someone negative or positive ratings based on your opinion of the color of their hair if you want.
Matthew, you did misunderstand the otc rating system. You don't rate the other person, you state your trust in the other person.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System#Rating_guidelines
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August 02, 2012, 09:47:56 AM
 #10

Actually as a former poker professionnal I lost both money with full tilt AND bitcoinica

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Matthew N. Wright
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August 02, 2012, 11:32:36 AM
 #11

Matthew, you did misunderstand the otc rating system. You don't rate the other person, you state your trust in the other person.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System#Rating_guidelines

 Undecided

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August 02, 2012, 12:04:36 PM
 #12

Matthew, you did misunderstand the otc rating system. You don't rate the other person, you state your trust in the other person.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System#Rating_guidelines

 Undecided

I know clicking a link is very difficult while having some ultra heavy ellet prototype on both hands, so I quote this here for you:
Quote
Here are some basic guidelines on what ratings to hand out to people.
Rating    Guideline
10    You trust this person as you trust yourself. Reserve this for close friends and associates you know in person.
8    Large number of high-value transactions, long period of association, very trustworthy.
5    You've had a number of good transactions with this person.
1    One or two good transactions with this person
-1    Person strikes you as a bit flaky. Unreasonable/unexpected delays in payment, etc.
-10    Person failed to hold up his end of the bargain, took payment and ran, fraudster.
Of course, other considerations like the size of transactions, the nature of your relationship and interaction, length of history, etc., will have an impact. These are just rough guidelines.
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August 02, 2012, 12:32:59 PM
 #13

Actually as a former poker professionnal I lost both money with full tilt AND bitcoinica

You shoudn't loose any money on FullTilt, If I understand correctly you'll be able to withdraw funds in the next 90 days if you're a ROW player. For US players DOJ got the funds to refund you.
That was the good news yesterday, and bitcoinica was the bad one. Now we're sure we won't be fully refunded...

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
unclescrooge
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August 02, 2012, 12:57:07 PM
 #14

I don't believe Ƀ is going "up, uP, UP!",

I believe it's going horizontal, as it should go.

Horizontal yes, but at what price, that's the question?
Matthew N. Wright
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August 02, 2012, 01:10:08 PM
 #15

Matthew, you did misunderstand the otc rating system. You don't rate the other person, you state your trust in the other person.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System#Rating_guidelines

 Undecided

I know clicking a link is very difficult while having some ultra heavy ellet prototype on both hands, so I quote this here for you:
Quote
Here are some basic guidelines on what ratings to hand out to people.
Rating    Guideline
10    You trust this person as you trust yourself. Reserve this for close friends and associates you know in person.
8    Large number of high-value transactions, long period of association, very trustworthy.
5    You've had a number of good transactions with this person.
1    One or two good transactions with this person
-1    Person strikes you as a bit flaky. Unreasonable/unexpected delays in payment, etc.
-10    Person failed to hold up his end of the bargain, took payment and ran, fraudster.
Of course, other considerations like the size of transactions, the nature of your relationship and interaction, length of history, etc., will have an impact. These are just rough guidelines.

The point was that your claim that it wasn't a "rating" goes against the very name and method. You are in fact "rating" people, and my original statement about being able to rate people at will with absolutely no transaction related to the rating or reasoning behind it were correct. If we have a transaction together and you send me an item, I send you money, and everythign is fine BUT I don't like your avatar on the forums, I can rate you -10 just for shits and giggles, and guess what-- it works, it's permanent, and there is no way for me to refute it. -That- is why I think the system is a joke until it's fixed. If you care to comment on -that-, please do. Posting quotes from the website only proved my point.

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August 02, 2012, 01:26:46 PM
 #16

The point was that your claim that it wasn't a "rating" goes against the very name and method. You are in fact "rating" people, and my original statement about being able to rate people at will with absolutely no transaction related to the rating or reasoning behind it were correct. If we have a transaction together and you send me an item, I send you money, and everythign is fine BUT I don't like your avatar on the forums, I can rate you -10 just for shits and giggles, and guess what-- it works, it's permanent, and there is no way for me to refute it. -That- is why I think the system is a joke until it's fixed. If you care to comment on -that-, please do. Posting quotes from the website only proved my point.
You rate how much you trust the other person.
So say, I don't trust you because you are named Matthew, and hence rate you -10. This is no problem, because it only means I don't trust you.
Look at this example: http://bitcoin-otc.com/viewratingdetail.php?nick=Metabank
Someone rated him -5 for whatever reason. Would you still trust him? Most probably, because a single bad trust rating means nothing, if there are other trust ratings. Quite the same as one customer complaining, while there are a lot of happy customers.
And as soon as you realize that this is a trust rating and not some beauty contest, you look at all the individual trust ratings before doing a trade. Sometimes you even look one step further, you look at all the trust ratings of the raters.
That is how it works and why it works. And if I want to state that I don't trust you, then, yes, I don't want you to be able to remove it. You can behave to gain my trust, and then I can change my trust rating. Probably you don't know, but one can change a trust rating anytime.
Matthew N. Wright
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August 02, 2012, 01:29:03 PM
 #17

You haven't said anything I didn't already know. It's a popularity contest and isn't related to transactions.

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August 02, 2012, 01:38:11 PM
 #18

You haven't said anything I didn't already know. It's a popularity contest and isn't related to transactions.
It is exactly not a popularity contest. But I guess, that is the MNW way to confirm you are just not smart enough to grasp it.
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August 02, 2012, 02:15:23 PM
 #19

You haven't said anything I didn't already know. It's a popularity contest and isn't related to transactions.
It is exactly not a popularity contest. But I guess, that is the MNW way to confirm you are just not smart enough to grasp it.

What is there to grasp?  Many more people own BTC then use OTC.  It's not a user friendly system for most users.  Are we spreading the information of the great Bitcoin for everyone or are we just competing here in an elitist masturbation circle?

I hope Bitcoin OTC grows just like Bitcoin itself.  New user adoption of BTC should be something we all want, yes???  Insulting other forum members intelligence?  I'm not sure what that accomplishes.
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August 02, 2012, 02:25:31 PM
 #20

You haven't said anything I didn't already know. It's a popularity contest and isn't related to transactions.
It is exactly not a popularity contest. But I guess, that is the MNW way to confirm you are just not smart enough to grasp it.

What is there to grasp?  Many more people own BTC then use OTC.  It's not a user friendly system for most users.  Are we spreading the information of the great Bitcoin for everyone or are we just competing here in an elitist masturbation circle?
One has to grasp that OTC is not a popularity contest, but a trust rating. And it is hard to grasp, that Matthew does not grasp it Cheesy
But I agree, OTC is not very user friendly at first.

I hope Bitcoin OTC grows just like Bitcoin itself.  New user adoption of BTC should be something we all want, yes???  Insulting other forum members intelligence?  I'm not sure what that accomplishes.
LOL, insulting Matthew? Now is this even possible? I don't think that he ever takes offence. He just loves being MNW.
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