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Showing 20 of 142 results by DonnyCMU
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Re: Thailand: sawasdee krub! Explanation of Bitcoin in Thai! ยินดีต้อนรับครับ
by
DonnyCMU
on 09/08/2014, 10:14:19 UTC
เป็นอย่างไรกันบ้างครับ

หายไปนาน ไปเลียแผลที่โดน MtGox จัดเต็มไปกว่า 10+ bitcoins
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Topic
Board Speculation
Re: How many of you have been Zhoutonged?
by
DonnyCMU
on 20/12/2011, 08:17:55 UTC
Let me get this correct... So when the price spiked up and people were trading on Mt.Gox at $4.5,  Zhoutong's genius matching algorithm put the buy price at a $1 spread and force liquidate people's position at $4.9 Huh??  Angry

So when all these forced buy bitcoins are actually bought in Mt.Gox market at any price around $4.1-4.5, the all difference goes into Bitcoinica's pocket?

I've been Zhoutonged good!!!
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Topic
Board Bitcoin Discussion
Re: Ideas for a Bitcoin 2.0
by
DonnyCMU
on 15/10/2011, 06:18:34 UTC

     (C) Each user of the reference client, which is copyrighted in every country, is required to first register their real-world identity with a central service, and sign a legally-binding contract promising that, in exchange for a perpetual license to use the reference client or any other software derived from the reference client, they will, in perpetuity, accept 1 BC2 from anyone in place of at least US$1 worth of any existing sovereign currency that is owed them

* Suppose the difficulty is calibrated by the algorithm so that on average, 1 new block will get added to the block chain every minute.  Then the reward for each new block is
500B/365/24/60 = 951,293, or almost a million dollars' worth of BC2!

* Due to this, if you think the growth of the existing Bitcoin network was impressive, the gold rush towards this new system will be so explosive that it will make the growth rate of the existing system look plodding in comparison!!!  In almost no time, everyone will switch over to mining BC2, because the rewards will be so much greater than with BTC. 

Any thoughts?

Why is everyone focusing on the central service part? The most striking part should be the legally-binding contract for $1/coin part.

So.............  the OP want a new Bitcoin that would that miners would pump out 950,000 coins every minute = 1,368,000,000 coins a day. And these coins will be sold to bitcoin users who are FORCED to buy them at at least $1 per coin.

I think there's around 100,000 - 200,000 bitcoin users (based on Mt.gox hack last few months revealing 60,000 accounts). Probably, less than half of that is active.

You know what, i'll up that number and give you 1,000,000 bitcoin users, who will be absorbing the coins from your new system. This means each user today will have to spend $1,368 a day to buy the coins popping out from miners. Would you like that? (If they don't buy it, the miners will trade them for $1/coin worth of goods from Bitcoin-accepting merchants anyway)

In short, you solve declining price by fixing a minimum price, and want more growth by pumping out 100 times more coin.

Sounds really promising... I have a few questions:

... How old are you? If you're over 13, are you high when you post this? or just plain silly.
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Board Bitcoin Discussion
Re: Silk road
by
DonnyCMU
on 28/09/2011, 01:57:58 UTC
They also have a hedging feature, so if you want to sell something, and don't want the hassle of shifts in the value of btc:usd exchange, you can hedge your account in USD so if btc price rises, you have less btc but same USD, and likewise, if price reduces, you have more btc but same USD value.

Interesting... So.. the site holds a balance, in bitcoins, for each buyer, and if the buyer hedge his account and..... how does it work? The SR automatically do the trading? Trade against who? How did the user get more btc if the price drop?

you upload a balance, people name their prices, you pay. many will ask you release the funds early due to the deflation.

I meant how do they do the hedging to keep keep the account value in USD the same after you upload some bitcoins. This could be useful in other scenarios where user don't want to deal with the swing in bitcoin prices.
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Board Bitcoin Discussion
Re: Silk road
by
DonnyCMU
on 27/09/2011, 11:11:30 UTC
They also have a hedging feature, so if you want to sell something, and don't want the hassle of shifts in the value of btc:usd exchange, you can hedge your account in USD so if btc price rises, you have less btc but same USD, and likewise, if price reduces, you have more btc but same USD value.

Interesting... So.. the site holds a balance, in bitcoins, for each buyer, and if the buyer hedge his account and..... how does it work? The SR automatically do the trading? Trade against who? How did the user get more btc if the price drop?
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Board Bitcoin Discussion
Re: Beenz vs Bitcoin
by
DonnyCMU
on 20/09/2011, 18:27:59 UTC
Can Beenz payment be reverse/ chargeback?
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Topic
Board Bitcoin Discussion
Re: The Largest Bitcoin Scam of Them All?
by
DonnyCMU
on 19/09/2011, 19:28:04 UTC
I think New York Stock Exchange is the largest scam of them all.

Because Enron listed on the NYSE. That is why NYSE is a scam.
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Board Bitcoin Discussion
Re: I am selling some bitcoins on eBay and accepting PayPal...
by
DonnyCMU
on 19/09/2011, 07:00:44 UTC
I have already answered it a couple of times including in the post you quote can you not read, once these scammers said their account was hacked it is game over they only denied one charge back against me in probably a dozen filed. Anyways I have warned the OP what to expect good luck to him and from experience at it he is damn well going to need it.

Well, sorry you had such a bad experience.
If you think scamming a physical item shipped with tracking is that profitable, then may be you can try buying an iPhone or brick of gold on ebay and then say your account got stolen?  Cheesy

I only got scammed once, because I was too lazy to ship a physical mail so I would have a tracking number. On the phone, Paypal said if I had tracking number, they could put me under Seller protection... at least that's what they said.
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Board Bitcoin Discussion
Re: I am selling some bitcoins on eBay and accepting PayPal...
by
DonnyCMU
on 18/09/2011, 20:47:13 UTC
So after eBay takes its cut, I am not much ahead.

It will pale in comparison to the losses you are going to experience once the charge backs by the scammers start to happen.. 

If the seller is able to prove he shipped a physical item via a USPS tracking number, will paypal not side with the seller on a dispute?   However on a digital-only transfer of bitcoins, I would expect paypal to side with the buyer

From my recent experience with PP they will side with the scammer almost every time out of the ten or so that did me one was rejected. What is guaranteed to happen is as soon as claim is filed the money comes out of your PP account till they decide if the scammers claim is valid with the most common claim being my account was hacked and I did not purchase the item this one gets approved by PP every time, again in my experience with it others may have a happier one than I had but I doubt it.

were you shipping a physical item and providing ebay/paypal with the tracking number?  or were you sending bitcoins digitally?

I was selling one cent coin with bonus bitcoin with the purchase it does not matter to them they side with scammer like I have said you can provide them all the proof you want once scammer claims hacked account your toast and the money is gone.

Did you shipped the one cent and provide the tracking number? When Paypal raised the claim, you can just provide tracking number and shipping information. How did it went?
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Board Bitcoin Discussion
Re: I am selling some bitcoins on eBay and accepting PayPal...
by
DonnyCMU
on 18/09/2011, 06:34:46 UTC
A real physical bitcoin! Congrats  Grin
Since the value is in the coin it self, not in digital transaction like selling 'bitcoin certificate', you may be just about the only Bitcoin seller that Ebay can't touch.
If they still banned you... that's real douchebaggery.

In June, I tried and sold several Bitcoin certificates on Ebay.
I just got scammed in 1 occasion, by user 'jingkam'. Wipes out most of the profit.

Well, good luck!
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Board Bitcoin Discussion
Re: The Bitcoin Trading Group
by
DonnyCMU
on 16/09/2011, 01:39:34 UTC
Cycle begins in 48 hrs? I'm interested too.

2.   We will trade in the hopes of growing the bitcoin balance of individual participants

But one more question, is your goal to maximize the USD value of the account, not the number of Bitcoin in account, right?
For example, if BTC/USD are to slide down to $2 over the next month, it wouldn't be consider a profit even if you manage to double the amount of bitcoin we have.
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Board Bitcoin Discussion
Re: The Bitcoin Trading Group
by
DonnyCMU
on 15/09/2011, 00:24:04 UTC
Sometimes, I feel more lazy than I feel paranoid. Would it be possible to give you api access to withdraw/deposit, so that I would not have to pay invoice manually?
Why don't you give me your API access to withdrawal, and I'll manually pay the invoice on your behalf  Grin Grin Grin
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Board Bitcoin Discussion
Re: The Bitcoin Trading Group
by
DonnyCMU
on 14/09/2011, 23:46:13 UTC
Interesting. I have a few questions:
- Would you mind to show your past performance in Bitcoin trading?
- Can you explain how the 'mimick' part works?
- How much control would one have with the Mt.Gox API key? They would be able to execute trades, but couldn't possibly make withdrawal/deposit, right?

Thanks

Edit: yeah forget to ask about this 'high-watermark' point.
requesting a 10% performance fee on all gains from trading activities.  We will operate on an investment cycle – typically a week to a month.

So do you charge 10% of profit gained at the end of the investment cycle? Or charge 10% of the profit at the moment where the account's value is highest in the investment cycle?
For example, if the account did well and gained 20% early in the month, but didn't do so well afterward and ends the cycle with 10% loss, would you still charge fees from the unrealized gain at the peak, or won't charge anything because the account actually loss value at the end.
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Board Bitcoin Discussion
Re: Full Blown MtGox Audit - Get Ready To participate. Starting Sept 25th
by
DonnyCMU
on 12/09/2011, 00:23:00 UTC
MtGox has been great for Bitcoin.  Why would I punish them by using other exchanges?

Are you serious?Huh
just look in the trading activity in the past 24 hours and think about if this is what an exchange should be doing.
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Board Bitcoin Discussion
Re: High-resolution images of physical bitcoins
by
DonnyCMU
on 11/09/2011, 20:46:23 UTC
Awesome pics. Thx for your contribution
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Topic
Board Goods
Re: Resin Bitcoins SOLD OUT!! :D
by
DonnyCMU
on 03/09/2011, 04:29:48 UTC
Awesome! Just got my no.9 bitcoin in resin.
Seems it was ship on the same day I previously post about it.

Well done on meeting your obligation, even though it's months late.
And good luck on solving your current problem, what ever it is.
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Board Other languages/locations
Topic OP
Bitcoin + บรู๊ซ ว๊ากเนอร์ + พัทยา = ดราม่าาาาา (Thai thread)
by
DonnyCMU
on 01/09/2011, 08:30:21 UTC
ดราม่าอย่างไม่คาดคิด ดุเดือดจนจ่าพิชิตยังอาย ทำไมผู้สนับสนุน Bitcoin ที่เด่นที่สุดอย่างคุณ Bruce กลายเป็นแบบนี้ไปได้!
น่าจะส่งเรื่องไปลงเวบ drama-addict จริงๆเลย

ที่มาตั้งกระทู้นี้ เพราะเห็นว่ามันดันมาเกี่ยวข้องกับชื่อเสียงเมืองไทยด้วย พัทยาโดนเต็มๆ

คือก็รู้ๆอยู่นะ ว่าที่ฝรั่งมาเที่ยวพัทยา มันก็ชอบมาเที่ยวแบบไหน แต่มันเยอะขนาดนั้น และมีโสเภณีเด็กด้วยเหรอ แถมขนานนามว่าพัทยาเป็นเมืองหลวง child prostitution capitol of the world เลยเหรอHuh พูดเว่อตาม stereotype ไปหน่อยรึเปล่า? หรือว่าเรื่องจริง?? เราๆคน local ไปเที่ยวพัทยากันบ่อยๆ ก็ไม่เห็นจะมีอะไรแบบนั้นมากมาย (ผมไม่เคยไปเที่ยวผู้หญิงอ่ะนะ) คือแบบถ้าไม่ไปใผ่หา ก็จะไม่เจออ่ะ ในประสบการณ์ผมอ่ะนะ

คนอื่นคิดว่าไง ผมคิดว่าเดี๋ยวคงไปเขียนอธิบายเกี่ยวกับพัทยาในมุมมองคนไทยหน่อย ว่าของจริงกับภาพพจน์ที่ฝรั่งมองมันเป็นยังไง
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Board Goods
Re: Resin Bitcoins SOLD OUT!! :D
by
DonnyCMU
on 30/08/2011, 23:51:49 UTC
I have the feeling that he still come to look at this thread from time to time.

So... When he's here:
Even though you didn't intend on scamming in the first place, it doesn't make it ok to walk away from your obligations, especially those that are already paid for. Also, please don't think that getting paid via Bitcoin will make you anonymous. A simple google on your user name +'resin' will shows several of your social profile.
I believe you still have my paid order pending. The Bitcoin in clear block, number 9. (or whatever number. I don't care). Contact me if you need proof of payment, and also my mailing address.
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Board Goods
Re: [WTS]$200 amazon gift card
by
DonnyCMU
on 13/08/2011, 12:33:24 UTC
Why don't people use escrow when trading with people with no reputation??
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Board Bitcoin Discussion
Re: Graphs of the total hashing speed
by
DonnyCMU
on 13/08/2011, 12:22:04 UTC
Can you overlay a BTC price onto the graph? I think there'll be some good correlation.