Search content
Sort by
Showing 20 of 20 results by teriaki
Please understand that I have kept up with the facts and made my decision to pre-order after I waited a good amount of time to collect the data I needed to feel comfortable enough with the risks.
If you really kept up with the facts and did your due diligence, you would find out that the President of Butterfly Labs, Sonny Vleisides, is a felon. He was convicted of running a mail fraud racket that, over six years, stole $20 million from the elderly and naive. These scams went by names like Shamrock Agency, German Swiss Group and World Expert Fund. His business partner at the time, Dennis Emmet, is now in jail for MURDER. He shot a guy IN THE FACE after getting into an argument.
These are facts, not libel. Google his name and read the affidavit. Even if they are legitimately creating a product, look at his past business practices, who he associates himself with, and ask yourself seriously if they are worthy of your hard-earned money. This company has not delivered for a year and is run by a former con artist. Any newbies thinking about pre-ordering need to take this into consideration.
https://bitcointalk.org/index.php?topic=110805.0
http://insidecostarica.com/dailynews/2005/may/01/nac04.htm
Read it before.
Did we impeach Bill Clinton? His immoral choices did not stop us from letting him reside over the most recent economic surplus in US history?
Just sayin'... everyone deserves a chance to show they learned from their mistakes... and if he is operating then SOMEONE in the justice system signed off on it.
Exactly. I'm glad someone said it.
So now that he's proven himself once again to be a fraud, criminal, and scammer, we'll all just agree to call it what it is: a criminal enterprise designed to defraud people.
We are a half decade away, at least, from widespread BTC use.
I'm sure many people said similar things about website use back in 1993. Turns out they were wrong.
Really? Because you're making my point. Internet usage was finally widespread a decade after 1993.
Bah! Somehow I read that as "half century".
I'm in 100% agreement that mainstream use of bitcoin is probably at least a half decade away.
Damn. I was looking for a fight!
We are a half decade away, at least, from widespread BTC use.
I'm sure many people said similar things about website use back in 1993. Turns out they were wrong.
Really? Because you're making my point. Internet usage was finally widespread a decade after 1993.
Just a note here for you guys: RTBTC has entered private beta, and everything is working properly on the production server
I'm happy to participate, Clark. Just let me know
And that's a good thing
It's a good thing there are so many massive barriers to entry into BTC?
Basically, what we can conclude, is that they really suck at customer service and business planning.
Basically what we can conclude is that people are just begging to be scammed, and even after pages and pages of this, they beg some more. This happens everywhere in life, not just the BTC community. If something looks too good to be true it usually is.
They will never meet their backlog, they will never ship all of the devices they sold, and they will always have people coming back and ordering new units that they will never receive. It's a darn shame that people have to learn the hard way.
1 - It absolutely could be speculators, the amount of money in this market is a tiny tiny fraction of the value sloshing around in the world looking for someplace safe from devaluation or confiscation to hide. Right now it's hard to buy bitcoins, but it's alot easier than it was last year and next year it'll probably be easier than it is now, or illegal.
2 - Satoshi's dice is a major source of BTC traffic, are you remembering to factor that in?
2 - Satoshi's dice is a major source of BTC traffic, are you remembering to factor that in?
Certainly good points. I had considered Satoshi dice as a major contributor of the BTC transactions, but without doing any real analysis I assumed that it would be a small percentage of actual coins being sent. At the current numbers, the average transaction size is around 16 BTC.
I contributed to SD for a bit just a learning experience. I probably did around 30 transactions, lost half of the 1 BTC I was gambling with. That's a lot of transactions (in aggregate), but a very small amount of actual BTC (even in aggregate). 7% of the entire market cap of BTC moved around in the last 24 hours.
But BTCBuy was not exchanging directly for fiat they were doing gift cards in fiat denominations. If I can't even get a gift card with btc why should I mine. I don't want drugs off of SR so I guess I'm left with just trading with scammers in the Marketplace section of this forum, right?
This is something I have been assessing. A quick number crunch shows what a tiny percentage of the total BTC transactions for a day are related to SR. I want to understand where all this BTC is going -- 560k in the last 24hours. A fraction of that is SR related. Where is all this BTC going? It can't all be speculators.
We badly need a new exchange.
I agree, but not because someone has poor security practices.
Re: What can be built using Bitcoin that wasn't possible or difficult before?
Funny how a feature of bitcoin is the ability to publicly track all transactions which should help prevent scams. Funny how easy it is to get scammed with bitcoin.
I've always wanted to buy Bitcoins but found that buying them was too difficult before. Things have eased up now and there are lots of ways of buying them. But with the recent crash lots of people are talking about everyone selling them. But I don't really get this. If the price has crashed wouldn't people be buying now to benefit from the lower exchange rate?
This all depends on what people are planning on using them for.Quote
Why sell when the price has already fallen? Are they afraid of further crashes or have they lost faith in Bitcoins altogether?
Some may be trying to hold on to profits, or minimize losses by selling this low. Everyone always has circumstances.Quote
With the verification process taking too long the price has already grown substantially meaning I will get a lot less coins than I would about a week ago.
This doesn't make any sense. Whose verification process? For what?
Quote
Anyway, is my decision to buy now a bad one? Are there other factors I should be aware of that I haven't taken into consideration?
Trying to time a market is foolish. If you believe they are going to go up, buy. If you have something you want to purchase with them, buy and make your purchase.
The author doesn't give any reasoning except to say that it should be backed by something. Not even a hint as to why it's important, what difference it would make, nothing.
Waste of time. Here's my counter argument: it shouldn't be backed by anything. Just as sound as the author's post.
Waste of time. Here's my counter argument: it shouldn't be backed by anything. Just as sound as the author's post.