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Bitcoins - digital currency Bitcoins - digital currency

03-06-2013 , 08:57 PM
Completed one successful trade for 10 bitcoins, I'm looking to buy more.
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03-06-2013 , 09:11 PM
Quote:
Originally Posted by temporaryaccount
do bitcoin gambling sites need any licensing or regulation ? i assume not right
To operate legally? Probably. To operate effectively, of course not. A lot of the early sites were completely buggy and even had odds rigged in favor of the player due to incompetence! Then the operators would just refuse to pay you out.
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03-06-2013 , 09:16 PM
have: mtgox $
want: pokerstars $
will send first when trading with reputable 2+2 members
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03-06-2013 , 09:47 PM
price seems way up and down today.
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03-06-2013 , 11:06 PM
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Originally Posted by donkeykong2
imploding right now!
from 34 to 45 in a few hrs. shoulda bought in earlier!
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03-07-2013 , 12:51 AM
Want to buy BTC. Prefer to pay via Paypal (unlabeled gift) but can probably find a swap for a poker site if needed. Have references and lots of trades in HSNL. PM me.
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03-07-2013 , 12:54 AM
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Originally Posted by Zygote
Not trying to hijack this thread but my site http://gold.net is adding bitcoin data and i'm curious to talk with those who follow them intensively as to what people might be looking for as we implement.

Basically we are site to like up stocks, commodities, economic data and such and currently let you reprice financial assets and data in any currency or precious metal but we're adding bitcoins now to the list. So people can chart and monitor real time ticks of stock prices in bitcions, or economic data in bitcoins, etc. Also can chart network stats, and look at the coins versus different currencies they trade in.

Tons of charting tools will be accessible like technical analytics (moving averages and such) on bitcoin data, drawing, and sharing tools for the charts.

We've integrated a few APIs to grab data and are now working on the front end so would love to pick brains of those who monitor the markets and may have desires to chart them more intensively. Any cool features you can recommend?
I would like to see mtgox order depth. They used to print the available bids and asks, but no longer do. Actually I'd like to see the order depth for all the exchanges. I would prefer to see it in text/table form rather than a chart. Or if it is a chart, I'd like to easily see what the actual order prices are for a given point.
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03-07-2013 , 02:57 AM
Quote:
Originally Posted by TomCollins
To operate legally? Probably. To operate effectively, of course not.
I agree with this.
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03-07-2013 , 05:11 AM
Quote:
Originally Posted by temporaryaccount
do bitcoin gambling sites need any licensing or regulation ? i assume not right
licensing companies/regulators do NOTHING. i know this not only from personal experience with Minted/Everleaf and LGA, but we have seen this with FTP and AGCC, and UB/AP and Khanawake, and i know there are plenty other examples.
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03-07-2013 , 05:14 AM
Quote:
Originally Posted by TomCollins
To operate legally? Probably.
So that micon guy is risking it with sealswithclubs, he should of just made it anonymous ownership. SatoshiDice seems anon ownership from what i can see & ive read something about it based in UK. Both examples seem unlicensed? (im interested from a creating something similar point of view)
Quote:
licensing companies/regulators do NOTHING. i know this not only from personal experience with Minted/Everleaf and LGA, but we have seen this with FTP and AGCC, and UB/AP and Khanawake, and i know there are plenty other examples.
They keep the operators out of the court room though? or they are only to make the punters feel comfortable putting money on the site?

Last edited by temporaryaccount; 03-07-2013 at 05:21 AM.
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03-07-2013 , 07:17 AM
Idk if it is confirmed anywhere that Micon owns SWC but he most surely promotes it and prob has equity and this increases his liability.

Legality is very complex, I doubt any courts have opined on this since BTC are so new. It will vary based on jurisdiction. In many US states, while BTC will grant you an effective route to accepting players, I think a BTC site would be breaking laws restricting gambling operations.

SD iirc is based in Ireland and is listed on the BTC stock exchange MPEx.

Regulators can grant an air of legitimacy but as sinner pointed out they are mainly a joke. Otoh, in some countries you won't be able to operate / stay open long if you don't run it through the local regulator. In Malta + Gib I believe they control / own all of the data centers.
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03-07-2013 , 09:24 AM


This is hilarious! These people who perform selloffs all at once cost themselves sooooo much money.
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03-07-2013 , 09:40 AM
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Originally Posted by sethseth


This is hilarious! These people who perform selloffs all at once cost themselves sooooo much money.
That assumes they don't benefit from a crash in some way, or they *have* to get rid of them fast, such as if they hacked an account or something.
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03-07-2013 , 11:35 AM
Quote:
Originally Posted by TomCollins
That assumes they don't benefit from a crash in some way, or they *have* to get rid of them fast, such as if they hacked an account or something.
Mt. Gox only allows 10k/day and 50k/month withdrawals, so if they are hacked and trying to scoop out a large sum, gonna take awhile
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03-07-2013 , 01:54 PM
Quote:
Originally Posted by yellowsub
Mt. Gox only allows 10k/day and 50k/month withdrawals, so if they are hacked and trying to scoop out a large sum, gonna take awhile
I was giving a hypothetical rather than some specific scenario. There are cases where dumping as fast as possible makes sense.
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03-08-2013 , 06:32 AM
ty Tyrannic
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03-08-2013 , 10:31 PM
(Posted this in the NVG thread too.)

A foreign hedge fund holds 80,000 bitcoins acquired at various intervals over the last 6-9 months. Due to US regulatory reqs, it's closed to American investors. The min investment is about USD 100,000. Expense ratio of 0.5% goes toward backup and security of the BTC held.

http://www.forbes.com/sites/jonmaton...es-from-malta/
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03-10-2013 , 03:50 AM
Want: 2BTC
Have: stars $

Will trade at w/e the exchange rate is at the time, pm me.
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03-10-2013 , 11:55 AM
Looking for some BTC too, about $1k worth. PM me.
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03-11-2013 , 05:28 AM
want: btc on mtgox
have: ftp.eu/stars.eu (does the .eu make a difference?)
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03-11-2013 , 04:16 PM
I'm curious if anybody wants to go in on an ASIC machine?
- Either a pre-order OR just buying it outright from somebody
- I believe Avalon (?) released these and some people have them already .. willing to sell WAY over cost like 10k/piece
- I'm sure they could be negotiated down but 10k is just a number that was thrown out there

There's risk in this obviously, but come on, we're on a gambling forum. This post is just general interest. Feel free to expand on this whether this could be worth it and/or play some devils advocate on both the 'yes' and 'no' side. The obvious response is going to be no, but I'm sure there will be some interest in this.

Other thoughts...
Payment: I'm open to anything. Best would be cash or btc obv
Security of money: Everything would be escrowed until we get that machine in hand and running
Cost of running machine: Plenty of people I personally know that work in IT can do this for $0 (electricity and internet). If it comes to be a more profitable operation. Then yes, we should move this into a more stable and secure location.
# of people: Less people the better. The more you have .. the more complex this whole thing can be

No flaming please.

Last edited by microstakesrave; 03-11-2013 at 04:28 PM.
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03-11-2013 , 04:43 PM
Quote:
Originally Posted by microstakesrave
I'm curious if anybody wants to go in on an ASIC machine?
- Either a pre-order OR just buying it outright from somebody
- I believe Avalon (?) released these and some people have them already .. willing to sell WAY over cost like 10k/piece
- I'm sure they could be negotiated down but 10k is just a number that was thrown out there

There's risk in this obviously, but come on, we're on a gambling forum. This post is just general interest. Feel free to expand on this whether this could be worth it and/or play some devils advocate on both the 'yes' and 'no' side. The obvious response is going to be no, but I'm sure there will be some interest in this.

Other thoughts...
Payment: I'm open to anything. Best would be cash or btc obv
Security of money: Everything would be escrowed until we get that machine in hand and running
Cost of running machine: Plenty of people I personally know that work in IT can do this for $0 (electricity and internet). If it comes to be a more profitable operation. Then yes, we should move this into a more stable and secure location.
# of people: Less people the better. The more you have .. the more complex this whole thing can be

No flaming please.
how big of a a rig are you trying to get? i did some research on this, and it looks like there are basically 2 companies that are likely legit. avalon is almost certainly legit, as people have reported actually receiving their equipment. i don't personally know anybody that has one though. hell, i'm the only person i know in real life that doesn't think bitcoin is some giant scam. everybody that i have told about this doesn't understand why bitcoins are so much better than paypal, etc. avalon charges in the 1000 range, and they only have 1 model. however, they ship from overseas, and there could be hidden costs associated with that.

bfl seems to be legit, as they have pictures of their unfinished products. i already have a pre-order in with them for a smaller unit, so i really hope they are legit. there is quite a waitlist there, and only people that ordered a year ago are likely to get theirs within a month or so. unfortunately, i am not one of those who got in early. they have asics that can cost up to $30k. from what i have read, bfl's design is far superior to avalons, if you actually have to pay for electricity. if you can run it for free, then getting an avalon makes sense, especially if you can get one in your hands today. in a few months, the difficulty will be much higher, and your profitabilty goes way down.
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03-11-2013 , 04:55 PM
110 BTC for sale, vig varying between 0-15% depending on payment method and market conditions. PM
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03-11-2013 , 06:43 PM
hey guys, looking to promote that my website is accepting bitcoins
any other venues besides Reddit bitcoin section and cointalk.org
any tips or previous posts,sources appreciated , thanks
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03-11-2013 , 08:45 PM
A bunch of bitcoin nodes have gotten stuck due to what seems to be a block that some clients accept and others don't. Bitcoin developers are looking into it. If you're processing bitcoin transactions you might want to be careful as some nodes are on a fork.
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