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Showing 20 of 21 results by rossrjensen
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Board Bitcoin Discussion
Re: Satoshi Nakamoto is 100% a US/UK government agency collaboration
by
rossrjensen
on 14/11/2019, 15:17:37 UTC
...

For the sake of conversation,
if you think it was created as a type of US/UK Black Project, PsyOps, IntelOps, or other,
what do you think the true purpose of Bitcoin/bitcoin is?

Isn't it obvious?  It's a hedge against Keynesian policies.  If fiat and QE fails, we have a back-up plan.
Post
Topic
Board Speculation (Altcoins)
Re: Spectrecoin is dying
by
rossrjensen
on 09/10/2019, 01:55:11 UTC
Guess you were wrong. Big surprise there  Roll Eyes
Post
Topic
Board Altcoin Discussion
Re: PROOF that XSPEC is a SCAM
by
rossrjensen
on 05/03/2018, 14:37:28 UTC
Perhaps you've brought up some valid doubts about the project, but you've failed right from the beginning by calling it a scam.  Even if all your claims can be accepted without refutation and there is zero new development (which I highly doubt - how much work is local or unavailable to you at this moment), who is being scammed and how?  As mentioned, it's open source and community-driven.  It will continue to be that way regardless of the challenges that we encounter.  That's why some people are dismissing this as nothing more than FUD.
Post
Topic
Board Speculation (Altcoins)
Re: Spectrecoin is dying
by
rossrjensen
on 05/03/2018, 14:28:34 UTC
Can't say i'm surprised.  The brainless shilling that went on for quite some time probably makes that a lot of people are facing severe losses now.  it might recover but i would be very carefull in buying the dip.  The fact devs have not been honest about their own background, rumours about copied code, etc are major red flags for me.

Another case of dyor.

I think this is all far over-blown.  First of all, SpectreCoin is a community - its survival does not hinge solely on one or two developers.  Ultimately, I don't find most of the attacks that valid.  Any new code being written isn't going to be stored on Github - why would they do that?  When it's ready, it will be rolled out and added there.

I also wonder why people are so Hell bent on bringing it down.  I don't go FUD on all the projects that I am not invested in - or don't like.  My personal experience with this coin has been quite positive.  The wallet and staking has been quite user friendly.  Sure, it shares a lot with ShadowCash - why should this be a surprise to anyone, it's essentially a spiritual successor looking to improve on what was started.  While there is always risks investing in smaller projects, I think this one will be fine (in fact, I think it will thrive) in the long run.  I've been buying.
Post
Topic
Board Service Discussion (Altcoins)
Re: My cryptsy alt coins are gone for good..?
by
rossrjensen
on 19/01/2018, 22:32:29 UTC
I have been thinking the same thing for years and it is driving me crazy ..., you are making sense my friend. I too back in 2010 thought about buying bitcoin and never investigated if I could actually buy the coins. Maybe I couldn't get them even if I wanted too?  Another thing, I also got into mining "apparently" I was late in that profit generating model too. Then I tried cloud mining and I think I broke even. I then thought maybe I should just buy and flip. I made a couple of hundred dollars on that one, but the stress was killing me. Ok back to reality there is no quick way/easy way to "make it on easy street" as my Grampa's last words to me were "work hard, don't spend more than you earn and save for a rainy day" I have been blessed with good health and loving Wife and a job that I enjoyed...... HEY I AM ALREADY ON EASY STREET!!!!!!!

I'm with you all the way.  Sounds like we've actually got life pretty good, all things considered!
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Topic
Board Bitcoin Discussion
Re: Bitcoin Cash Guilty of Trademark Infringement?
by
rossrjensen
on 12/01/2018, 14:58:12 UTC
Very good points.  I believe Satoshi's intent was to make Bitcoin an entity for the people, owned by the people.  Bringing intellectual property into the fold would certainly undermine that.  It's one of those endearing qualities that makes me so fond of it - I honestly think the cryptocurrency revolution can make the world better and more equitable.  

That said, there is something about all these altcoins using Bitcoin in their name or the fact that Bitcoin Cash's "logo" is so similar to Bitcoin that can be confusing, misleading, and/or harmful to certain consumers, such as my colleague that I mentioned in my original post.  I remember reading an article that talked about how the Bitcoin Core Developers were more hostile towards Segwit 2X than something like Bitcoin Cash because Segwit 2X intended to *be* Bitcoin, not just a Bitcoin derivative (as you could argue Bitcoin Cash and Bitcoin Gold are - along with the dozens or more non-forked altcoins using the Bitcoin name).  The Bitcoin "brand" is probably one of it's biggest advantages in a now very competitive marketplace (along with its already established infrastructure), and it could end up being the difference-maker during the current crypto jockeying for market share.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Cash Guilty of Trademark Infringement?
by
rossrjensen
on 12/01/2018, 02:13:05 UTC
It made me start thinking - isn't Bitcoin Cash guilty of trademark abuse here?  

There is no trademark to abuse.

By virtue of having a product or service that is well-known, you have legally protected rights to that trademark.

That is not true. But even if it were true, what is the trademark you claim is being abused, and who owns it?


I suggest you read up on some basic trademark law, common law trademark in particular, if you think there is no trademark. That said, your point that there is no owner, hence nobody to enforce it is very valid, I suspect this is the reason it cannot be considered trademark abuse.

As for the other person claiming that Bitcoin Cash is the real Bitcoin, does it grind your gears to hear that I sold all my Bitcoin Cash to buy Bitcoin?
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Topic
Board Bitcoin Discussion
Re: Bitcoin Cash Guilty of Trademark Infringement?
by
rossrjensen
on 12/01/2018, 00:10:50 UTC
The thing with trademarks is that someone generally has to own the trademark.  Since no individual or company owns Bitcoin, there's no one to legally enforce a trademark.  It's unlikely the community would ever accept or generally be comfortable with any single person having that much power or influence over Bitcoin's name.  Bitcoin's code is released as open source and free for anyone to modify as they see fit.  There's nothing in the licensing that specifically states users can't use the name "Bitcoin" in their forks.

Here's the full wording:

Code:
The MIT License (MIT)
Copyright (c) 2009-2018 The Bitcoin Core developers
Copyright (c) 2009-2018 Bitcoin Developers

Permission is hereby granted, free of charge, to any person obtaining a copy
of this software and associated documentation files (the "Software"), to deal
in the Software without restriction, including without limitation the rights
to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
copies of the Software, and to permit persons to whom the Software is
furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in
all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
THE SOFTWARE.

The key words being "without restriction" and "without limitation", providing they include the copyright notices.  BCH devs have included those in Bitcoin ABC, albeit from earlier dates.  So yeah, the usual 'I-am-not-a-lawyer' disclaimer applies, but I can't see they have anything to worry about in terms of infringement.

I hear you and understand what you're saying.  That said, I have some stipulations to make here without getting into too much legality.

First of all, I'm talking about trademark law, not copyright.  The second half of what you said is all related to copyrights.  In general, copyrights are meant to protect the original product or work and all forms of distribution/re-distribution of it.  Trademarks are meant to protect consumers from the source of the good, product, or service.

Second, regarding the registration - there is still common law trademark law, at least in the United States.  By virtue of having a product or service that is well-known, you have legally protected rights to that trademark.

And yes, of course the same legal disclaimer exists from my side as well.  Thanks for the response!
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Topic
Board Bitcoin Discussion
Bitcoin Cash Guilty of Trademark Infringement?
by
rossrjensen
on 11/01/2018, 16:49:19 UTC
Just this morning, a co-worker of mine said he meant to buy some Bitcoin to purchase something online, and accidentally bought Bitcoin Cash from Coinbase instead.  This was no good for him as he couldn't actually buy the item he wanted with Bitcoin Cash.  We work in an online-focused business where most people are pretty tech-savvy. 

It made me start thinking - isn't Bitcoin Cash guilty of trademark abuse here?  My co-workers little snafu is precisely the reason we have trademark protections in place - so that the consumer knows the source of the good, service, or product.  The BCH logo is awfully similar, they use the name, and as demonstrated by my colleague, it can be confusingly misleading for the common person. 

Any thoughts?
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Topic
Board Altcoin Discussion
Re: Top Coins for 2018 you need to HODL!
by
rossrjensen
on 08/01/2018, 14:28:12 UTC
I think 2018 turns out to be a big year.  Here is a breakout of my portfolio:

Bitcoin66.02%Still the irreplaceable King, has the infrastructure, the brand, and oh yeah, Lightning Network! - at least 3X by the end of the year
SpectreCoin12.94%I think we will still see 10X growth in 2018, maybe more.
Ethereum7.67%Hit 1K ahead of the schedule I had in mind.  Legit superstar of crypto.
Golem2.87%Cool project with a lot of potential.  This type of thing makes the world better.
Electroneum1.66%Aims to make crypto accessible to nearly everyone. 10X growth possible.
DeepOnion0.85%Hedging against Spectre's tech approach here with this privacy coin emphasizing marketing.  Not sure the growth potential.
Waves0.77%Is 5-10X too conservative of an estimate?
Oyster Pearl0.71%No estimates yet, this is one I've just started looking at.
NEO0.44%I don't think 10X growth is out of the question here.
Ark0.36%Again, not entirely sure what to expect here.
Cashaa0%One of my ICO purchases, I have high hopes!
Gladius0%My other ICO, this is one of my favorite projects.  Adding that new layer to blockchain and decentralization, similar to Golem, but in an entirely different way.
Post
Topic
Board Speculation (Altcoins)
Re: Spectrecoin predictions
by
rossrjensen
on 07/01/2018, 19:57:18 UTC
I think the price by the end of 2018 will fall somewhere between $15-100.  I know that is a wide range.  If I had to realistically pick a number, I would say $50, based on what its market cap would be and what it's market cap should be compared to other quality privacy coins.  Below are my supporting reasons:

*The quality/value of the coin is already pretty apparent to the more technically-inclined. 
*As others observed, the wallet is among the best I've used.
*They will be rebuilding their website - a fancier site will help lend more legitimacy for the less technical.
*They have major upgrades planned during the year.
*The community is beginning to try and promote the coin more organically.

I bought in, have already seen some really good growth, and think there will be more coming.



Post
Topic
Board Service Discussion (Altcoins)
Re: My cryptsy alt coins are gone for good..?
by
rossrjensen
on 16/12/2017, 16:59:16 UTC
I don't even want to think about what my Cryptsy coins would be worth now Sad upwards towards $100K . that is so much money for me

I believe that would be the case for me too, maybe even more  Cry

Oh well, I guess I could also think about every stock trade I sold prematurely or mistimed - or that I was too lazy to deposit that $50 check to buy Ripple when it was a small fraction of a cent (that small check would be worth about $20k to me now) or figure out how to actually obtain some Bitcoin when I first learned about it in 2010 (and wanted to invest).  There are a billion ways I could probably be rich - but there is only one reality, ha ha!
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Topic
Board Service Discussion (Altcoins)
Re: My cryptsy alt coins are gone for good..?
by
rossrjensen
on 16/12/2017, 16:36:55 UTC
I was just thinking about this.  I remember moving 4 Bitcoin over to trade on Cryptsy.  After the bubble popped and a lot of the speculative coins lost a lot of value I sort of stopped checking in on it. 

I really wish there was some way to recover these coins, it's a shame what happened with "Big Vern".  The 30 Litecoins I had on that exchange alone would be worth $9k by now.  I also happen to know Worldcoin, Fastcoin, Goldcoin, and several others that I had significant holdings in have made a pretty big comeback with all the recent coin mania.  The latest I saw is that some law firm is now going after Coinbase to recover funds for those that lost significantly in the Cryptsy debacle.  Coinbase has always been a good, secure, reliable service and that doesn't seem like something I want to be a part of.  I never really liked the "robbing Peter to pay Paul" idea.

I also had some holdings over in BTC-E when they got seized by the feds for a similar reason (robbing Peter to pay Paul, due to stolen Mt. Gox coins being exchanged on BTC-E) - though they have always been good to me and I believe they will ultimately pay back their loyal customers - now as Wex.  I was clearly too trusting of exchanges when I first got into this stuff, lots of hard lessons have been learned over these last few years.
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Topic
Board Exchanges
Re: Keyur Mithawala and CampBX
by
rossrjensen
on 17/10/2017, 16:39:41 UTC
got email stating they are winding down. still have not received any bitcoin back from them. we are all screwed.

I just tried to log in and it appears that my account has either been locked or closed.  Not a big deal for me since I no longer have my coins there.  Have you tried contacting support?  I thought they may unlock all other accounts before closing down.  It says that coins that are not retrieved will be given to the state as unclaimed property, so you still may be able to retrieve them that way as well (though that would obviously not be preferred).
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Topic
Board Exchanges
Re: Keyur Mithawala and CampBX
by
rossrjensen
on 27/09/2017, 13:56:52 UTC
Sounds like the two of us were in a very similar position (I also bought my coins in 2013, though I only had 3, transferred the rest to Crypsty and you know how that went).  I'm still a little bothered that I didn't get a chance to get Bitcoin Cash from them.
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Topic
Board Exchanges
Re: Campbx always withholding coins with Cold wallet maintenance.
by
rossrjensen
on 05/09/2017, 16:13:25 UTC
Thanks for your response - I know it is an old post but at the time was feeling pretty desperate.  After about three months, I was actually able to move my coins from CampBX (as of this morning).  This was after filing with the BBB and many back and forths with support.  I just wanted to pass on that it's not a complete scam anyway.  The delay caused me to miss out on the fork and was definitely stressful, but I got my coins and that is the most important thing.
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Topic
Board Exchanges
Re: Keyur Mithawala and CampBX
by
rossrjensen
on 05/09/2017, 14:36:37 UTC
Hello Everyone,

I wanted to follow up on this and let you know that after over 3 months, my coins were unlocked and I was able to transfer them out.  Know that there is hope!  I sort of suspected that they may force a 90 day hold of some sort, based on something I had read somewhere.  I decided to be patient until after that time passed.  The timing which I was able to withdraw my coins seems to confirm my suspicion as it was the first business day after the 90th day after "re-submitting" KYC documentation that I received an email that my account had been unlocked. This was a frustrating experience, but I do believe that CampBX is either

A. Trying very hard to minimize losses - even at the sacrifice of customer experience

AND/OR

B. Were hacked at some point, experienced significant losses, and are doing their best to slowly to pay out customers over time.  

If B. is part of the equation I would have preferred knowing up front, as I would have been willing to give them more time.  Suing an insolvent business will not ultimately help everyone recuperate their coins.

My suggestion is to be patient and be nice, even if that is hard (especially in crypto world).  Contact Keyur as mentioned above.  Finally, give it at least 90 days.  Seeing as this saga is now resolved, I'm willing to let bygones be bygones.  I likely won't be using CampBX moving forward, but I don't plan to pan them in reviews as I do believe they are trying to do the right thing.

UserTicket filed?Status
FlickaYes.Locked
r-bitcoinYes.Locked
dano767Yes.Locked
CampBxSucksUnknown.Locked
rtaUnknown.Locked
JPBitHouseYes.Locked
SkylarkVUnknown.Locked
maximus01701Yes.Locked
SJM211Yes?Unlocked / funds transferred out?
zerotonineYes.Locked
rossrjensenYes.Unlocked
augenbrauYesLocked

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Topic
Board Exchanges
Re: Campbx always withholding coins with Cold wallet maintenance.
by
rossrjensen
on 08/08/2017, 14:18:03 UTC
Bump for this.  CampBX is still limiting withdrawals wit. The excuse "cold wallet maintenence."


Did you ever get your coins?
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Board Exchanges
Re: Keyur Mithawala and CampBX
by
rossrjensen
on 08/08/2017, 14:10:59 UTC
I don't know, but certainly would like to know this as well. All options are on the table until my coins are in my possession.
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Topic
Board Exchanges
Re: CampBX: is it worth buying BTC from them?
by
rossrjensen
on 07/08/2017, 23:15:19 UTC
I bought from them in 2013, have a few Bitcoins there.  Transfer of Bitcoins was locked at some point without my knowledge.  I have been trying to deal with customer service for over two months without any success so far and am beginning to lose hope.  Unless that changes, I would say stay away at all costs, right now I'm out over 10k (plus another 1.2k because I was unable to retrieve them before the fork).  That's a lot of money for me and my family that we may never see again.