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Goodnight Sweet Prince
Just a reminder that this prediction was incorrect.
550 BTC seems to be the magic number lately.
No shit! I lost 550 bitcoins too. Please donate to me. 
Bitcoin begging is so bizzare. How the hell did this community get flooded with beggars?
See Glen Greenwalds article
How Covert Agents Infiltrate the Internet to Manipulate, Deceive, and Destroy Reputations
https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/
The reputation they are trying to destroy is bitcoin's.
The lesson of MTGOX is obvious.
STOP CONVERTING TO FIAT CURRENCY!
We need to develop are own economy based completely on BTC with no need for conversion.
The point of BTC is to be your own bank.
The interface with the banking system is a weakness and it has been shown over and over and over.
People keep putting their BTC in the hands of 3rd parties.
This is a critical mistake.
STOP CONVERTING TO FIAT CURRENCY!
We need to develop are own economy based completely on BTC with no need for conversion.
The point of BTC is to be your own bank.
The interface with the banking system is a weakness and it has been shown over and over and over.
People keep putting their BTC in the hands of 3rd parties.
This is a critical mistake.
Not incredibly difficult to figure out: Mutum Sigilum has been used to funnel Dwolla in and out of Japan for years now. Isn't it convinient that just a few weeks (or maybe not even a week?) from Coinlab lawsuit GOX gets this?
Coinlab agreement was precisely to handle US customers under a more legit frame. How convenient the Feds do this just now!
People will say I am a crazy conspiracy theorist. Think what you will. There is a smoking gun and it points out to Coinlab.
DISCLAIMER: I could give two shits about GOX, and CoinLab. I don't like either. What sucks is that this is going to put a serious dent on Bitcoin after these news are digested fully.
Coinlab agreement was precisely to handle US customers under a more legit frame. How convenient the Feds do this just now!
People will say I am a crazy conspiracy theorist. Think what you will. There is a smoking gun and it points out to Coinlab.
DISCLAIMER: I could give two shits about GOX, and CoinLab. I don't like either. What sucks is that this is going to put a serious dent on Bitcoin after these news are digested fully.
Welcome to the US. Get the "authorities" to do what you can't do in the marketplace.
The judicial system has become a weapon.
It reminds of The Law by Bastiat.
Quote
Victims of Lawful Plunder
Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter by peaceful or revolutionary means into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it.
Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter by peaceful or revolutionary means into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it.
Well if you read the warrant it seems the FBI are confessing BTC is considered currency. Although, I hardly think that this is the official stance of the United States government.
A judgment in favor of the US would be good long term for BTC under the principal of judicial estoppel.
Other that , this warrant is defective on multiple levels (like most warrants). There is no first hand knowledge . It doesn't even claim to have heard the information from someone with first hand knowledge.
Thirdly the Final rules concerning crypto-currency BTC were only just printed in the Federal Register.
The gov't is obligated to give MTGOX a notice to register their business because under he old rules they were not a money services business.
This is simply a money grab.
A judgment in favor of the US would be good long term for BTC under the principal of judicial estoppel.
Other that , this warrant is defective on multiple levels (like most warrants). There is no first hand knowledge . It doesn't even claim to have heard the information from someone with first hand knowledge.
Thirdly the Final rules concerning crypto-currency BTC were only just printed in the Federal Register.
The gov't is obligated to give MTGOX a notice to register their business because under he old rules they were not a money services business.
This is simply a money grab.
Re: Who walks into with Walmart a gold coin to pay a cashier for the new TV?
The Cashier knows it's worth about 1500 bucks
The Buyer knows it's worth about 1500 bucks.
The cashier knows nothing.
Selling 1 Oz Gold Coin for $25 (when it's worth over $1,500)
https://www.youtube.com/watch?v=ndshbH3qZ6Y
Brand New Star Trek Fleet Captains Board Game 4 BTC shipping included
NEW plastic wrap still on box never opened. Good as collectible too.
I can guarantee you can't buy this with BTC anywhere else!
4 BTC includes shipping
Product Description
From the Manufacturer
Explore The Galaxy With Your Own Fleet. Warp into action with WizKids/NECA's latest installment to the Star Trek franchise. Designed by Mike Elliott and Ethan Pasternack, this stand alone strategic space exploration/ship-to-ship combat game will primarily focus on the eclectic Star Trek ships as they explore space and battle their opponents. Featuring 24 precisely crafted 3D HeroClix starships and over 300 cards, this game is a must-have for any Star Trek fan. Star Trek: Fleet Captains is a game for 2-4 players as they assume the roles of Federation or Klingon commanders and compete for sector supremacy. So ready your phasers as we expand into the final frontier and beyond.
Product Description
Star Trek: Fleet Captains, designed for two or four players, is set in the "Prime Universe" of STAR TREK (as seen in the various TV series and movies up to Star Trek: Nemesis) and is more adversarial in nature when compared to Star Trek: Expeditions. Each player begins play with a fleet of ships and starts at opposite ends of an unexplored sector of space. This sector of space is represented by hexegonal cards (which are shuffled before play and placed face-down in a pre-determined pattern). As each ship progresses through the sector, you turn the tiles face up, revealing what is in that part of the sector (a Class-M planet, a Class-J Nebula, empty space, etc...). Hopefully you will discover and acquire resources while simultaneously denying them to your opponent(s). When conflict inevitably breaks out, you and your opponent(s) will battle it out for sector supremacy. Last fleet standing wins the sector for their respective faction. Each ship will be on a base with a dial and accompanied by a "Ship Card". The Card denotes three different statuses for each ship; normal operating, Yellow Alert, and Red Alert. Each status affects how your dial plays as well as how the game and your opponents interact with you. There is also a deck of cards involved that each player brings with their fleet, and these are used during gameplay to affect the outcome of battles, player interactions, etc... This game is also marketed as a non-collectible, non-blind product but will also be built upon the expandable board game model.
Game play review
http://www.youtube.com/watch?v=uW_6qAUr7EM
I can guarantee you can't buy this with BTC anywhere else!
4 BTC includes shipping
Product Description
From the Manufacturer
Explore The Galaxy With Your Own Fleet. Warp into action with WizKids/NECA's latest installment to the Star Trek franchise. Designed by Mike Elliott and Ethan Pasternack, this stand alone strategic space exploration/ship-to-ship combat game will primarily focus on the eclectic Star Trek ships as they explore space and battle their opponents. Featuring 24 precisely crafted 3D HeroClix starships and over 300 cards, this game is a must-have for any Star Trek fan. Star Trek: Fleet Captains is a game for 2-4 players as they assume the roles of Federation or Klingon commanders and compete for sector supremacy. So ready your phasers as we expand into the final frontier and beyond.
Product Description
Star Trek: Fleet Captains, designed for two or four players, is set in the "Prime Universe" of STAR TREK (as seen in the various TV series and movies up to Star Trek: Nemesis) and is more adversarial in nature when compared to Star Trek: Expeditions. Each player begins play with a fleet of ships and starts at opposite ends of an unexplored sector of space. This sector of space is represented by hexegonal cards (which are shuffled before play and placed face-down in a pre-determined pattern). As each ship progresses through the sector, you turn the tiles face up, revealing what is in that part of the sector (a Class-M planet, a Class-J Nebula, empty space, etc...). Hopefully you will discover and acquire resources while simultaneously denying them to your opponent(s). When conflict inevitably breaks out, you and your opponent(s) will battle it out for sector supremacy. Last fleet standing wins the sector for their respective faction. Each ship will be on a base with a dial and accompanied by a "Ship Card". The Card denotes three different statuses for each ship; normal operating, Yellow Alert, and Red Alert. Each status affects how your dial plays as well as how the game and your opponents interact with you. There is also a deck of cards involved that each player brings with their fleet, and these are used during gameplay to affect the outcome of battles, player interactions, etc... This game is also marketed as a non-collectible, non-blind product but will also be built upon the expandable board game model.
Game play review
http://www.youtube.com/watch?v=uW_6qAUr7EM
Re: [3000 Gh/s] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too
Problem over here.
Trying to cash out, gives me the payment sent page, yet the same amount is still in my balance and no payment was ever sent. Seems like payments are down for some reason? Any idea when they will be back up?
Trying to cash out, gives me the payment sent page, yet the same amount is still in my balance and no payment was ever sent. Seems like payments are down for some reason? Any idea when they will be back up?
I'm having the exact same issue.
By payphone i mean browser based softphone with a one connection limit . You will need mic and speakers. Goal is for it to be in HTML 5 but mic isn't fully exposed yet in the standard. Might have to go java based. I really want it so that nothing needs to be downloaded to use it. I'm going to start with one "booth" and hopefully scale up from there.
Basically when you hit the insert coin button you will get a new bitcoin address to send BTC to if left blank. If not blank and an address is entered, a check will be made to see if that address contains funds and is actually mine. If it passes these checks a phone call can be made. If you want to verify encryption you will have to sniff the packets i guess or call a ZRTP enabled device/softphone and verify the codes match.
Basically when you hit the insert coin button you will get a new bitcoin address to send BTC to if left blank. If not blank and an address is entered, a check will be made to see if that address contains funds and is actually mine. If it passes these checks a phone call can be made. If you want to verify encryption you will have to sniff the packets i guess or call a ZRTP enabled device/softphone and verify the codes match.
Web-based payphone powered by Bitcoins accessible via TOR
There will also by softphone and hardware SIP access available.
I'm bringing back the anonymous phone call. Stay tuned. Project is 25% complete.
Calls will be SRTP + ZRTP + TLS encrypted. Access will be based on actual polling of the block chain so there is no database to be hacked.
Comments welcome.
Have you solved the TOR latency problem?There will also by softphone and hardware SIP access available.
I'm bringing back the anonymous phone call. Stay tuned. Project is 25% complete.
Calls will be SRTP + ZRTP + TLS encrypted. Access will be based on actual polling of the block chain so there is no database to be hacked.
Comments welcome.
Uhm.. no , I wasn't aware of a issue. I haven't started on the front-end stuff yet. TOR isn't a necessity for anonymity ,it just adds another layer.
Web-based payphone powered by Bitcoins accessible via TOR
There will also by softphone and hardware SIP access available.
I'm bringing back the anonymous phone call. Stay tuned. Project is 25% complete.
Calls will be SRTP + ZRTP + TLS encrypted. Access will be based on actual polling of the block chain so there is no database to be hacked.
Comments welcome.
There will also by softphone and hardware SIP access available.
I'm bringing back the anonymous phone call. Stay tuned. Project is 25% complete.
Calls will be SRTP + ZRTP + TLS encrypted. Access will be based on actual polling of the block chain so there is no database to be hacked.
Comments welcome.
it's beta, It always feels off from the final cut. DICE still hasn't come cose to BF1942 yet. Are we ever going to get artillery that is player controlled instead of some autobot artillery attack? Prince of War FTW
The OP is WRONG. BTC's intrinsic value has stayed the same. "Losing value" only applies when exchanging intrinsic values objects for extrinsic value objects.
Paper money is worth nothing intrinsically. It's value is extrinsic .
Paper money is worth nothing intrinsically. It's value is extrinsic .
Re: Just over $5,500 per day required to maintain current Bitcoin price.
Ok, my numbers are not exact mainly because I am lazy and do not wish to waste my time finding the exact numbers.
I have taken the calculations from this thread for this:
https://bitcointalk.org/index.php?topic=45882.0
I keep seeing how Bitcoin needs over a million USD per month to maintain the current price. Running the numbers based on the amount of Bitcoins created times the current price that would seem like simple math.
In fact, it is not.
Only those who are trading Bitcoin are affecting the price in relation to the various currencies. So everyone else is just using Bitcoin as a currency like it was meant to be.
Doing a broad assumption I am throwing out the figure that there are 1 million Bitcoins in the trade exchanges. This is based on MtGox having 432k BTC back in June and it was estimated that they have around 600k BTC now. And I figured the other exchanges may add up to at most around 400k BTC.
So that makes 1,000,000 BTC being traded at the exchanges. This is out of over 6,000,000 BTC in existence.
This means that 1 million BTC that are traded affect the price of the other 5 million in terms of a currency.
So, taking the figure from the other thread that $1 million needs to come into the economy each month and divide it by the portion that is actually being traded (1/6th) and you get $166k. Divide that by 30 and you get $5,500 per day.
Only 1200 new Bitcoins need to be purchased daily to maintain the current price levels. This is why when we get a sudden influx of people buying BTC the price swings so much.
Over the next year we only need 365 people to invest $5,500 each to maintain the current price. And then the rate gets cut in half and it will be down to $2750 per day. That is not much inflation for such a growing community.
If someone wants to tweak my numbers with more accurate findings then I will update the OP.
I have taken the calculations from this thread for this:
https://bitcointalk.org/index.php?topic=45882.0
I keep seeing how Bitcoin needs over a million USD per month to maintain the current price. Running the numbers based on the amount of Bitcoins created times the current price that would seem like simple math.
In fact, it is not.
Only those who are trading Bitcoin are affecting the price in relation to the various currencies. So everyone else is just using Bitcoin as a currency like it was meant to be.
Doing a broad assumption I am throwing out the figure that there are 1 million Bitcoins in the trade exchanges. This is based on MtGox having 432k BTC back in June and it was estimated that they have around 600k BTC now. And I figured the other exchanges may add up to at most around 400k BTC.
So that makes 1,000,000 BTC being traded at the exchanges. This is out of over 6,000,000 BTC in existence.
This means that 1 million BTC that are traded affect the price of the other 5 million in terms of a currency.
So, taking the figure from the other thread that $1 million needs to come into the economy each month and divide it by the portion that is actually being traded (1/6th) and you get $166k. Divide that by 30 and you get $5,500 per day.
Only 1200 new Bitcoins need to be purchased daily to maintain the current price levels. This is why when we get a sudden influx of people buying BTC the price swings so much.
Over the next year we only need 365 people to invest $5,500 each to maintain the current price. And then the rate gets cut in half and it will be down to $2750 per day. That is not much inflation for such a growing community.
If someone wants to tweak my numbers with more accurate findings then I will update the OP.
Your assuming that people sell all coins mined every single day. That's a false assumption because that does not happen.
The untraceability of bitcoins is one of their biggest features. allinvain spent months looking for his 25k btc... it's impossible to recover. Sorry man.
Allinvain didn't lose any bitcoins. I'm about sick of people saying he did. He didn't even mention the alleged fact on his own blog AT ALL. There is no evidence it happened in bitexplorer.
He's a liar.
http://alansmoneyblog.com/2011/06/
Your not getting it. The US doesn't "pay" anything. They discharge debts via tendering paper promises. It doesn't matter what the US owes. As long as people accept as valuable the paper, the debt is discharged.
Perhaps I'm wrong, but given U.S Treasuries are denominated in 'Reserve Promises'. If there are not enough 'reserve promises' in circulation, then that is a default.
The only way to get a true default is to perform a notarial presentment and see get a certificate of protest for non-payment/non-acceptance. AFAIK T-bills and T-Bonds are all in electronic format now. The law has not been update to give the same type of rights and remedies as a signed and/or sealed promise in writing.
Your not getting it. The US doesn't "pay" anything. They discharge debts via tendering paper promises. It doesn't matter what the US owes. As long as people accept as valuable the paper, the debt is discharged.