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07-18-2014 , 02:20 PM
Yes, be sure to triple check the address, you could even send a smaller amount the first time to make sure instead of the full 2 Btc.
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07-18-2014 , 02:58 PM
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Originally Posted by TomCollins
If that's what they did, instead of write this huge turd, then people would be less upset. Focus on the conversion to and from fiat to protect banking. Have the rule for places that hold on behalf of customers to have full reserve. Fine, all that makes sense. When you start getting into regulations that cannot realistically be enforced or ones that are globally applied just because you might have a customer that might reside in the CCCNY, then you have an issue. Basically, New York is going to become home of only the big and already established players (hello Second Market, Winklevii), and everyone else who is just starting up is going to stay the hell away, AND ban NY customers.
Exactly. Like how the heck do they even come with the idea that businesses can't hold btc and must invest in government debt? Yikes. It's certainly to entrench the financial power that currently exists.
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07-18-2014 , 03:41 PM
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Originally Posted by Shifty86
Yes, be sure to triple check the address, you could even send a smaller amount the first time to make sure instead of the full 2 Btc.
Great, thanks, I'll give it a go.
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07-18-2014 , 04:35 PM
The site I mentioned here a few days ago, BetXCP, is now live.

For cryptocurrency sports bettors who want an alternative to centralized betting solutions, BetXCP is a peer-to-peer betting platform that eliminates the need for sportsbooks. Unlike sportsbooks, BetXCP is never in possession of customer funds.

We're the first decentralized sports betting site that using vig free Pinny lines. If anyone wants some XCP to test it out, shoot me a PM. Unfortunately, Counterwallet does not support US IP addresses for betting, so that's a bit of a bummer.
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07-19-2014 , 02:36 AM
looks great!
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07-19-2014 , 02:56 AM
definitely great job guys, good luck with everything and really creative solution
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07-19-2014 , 09:41 AM
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Originally Posted by Gullanian
I think audits on financial companies should be mandatory. If they go wrong, people's lives get ruined.

If you create a private profit seeking audit company, when times are hard they might become corrupted. Or, if you have a CEO of this company who is a total scum bag (not uncommon) they could act corruptively. You also have conflicts of interest.

Much better to have an open government who run a financial services auditing department who's existence isn't relied on by profit. The cost of this can be taxed from the financial industry so they all contribute to these safety measures proportionately.
It's not like the government is free of corruption. In fact, it seems even more dangerous in some sense, in that you have a monopoly of auditing power, only a single place to really bribe, and not much that can happen if they get caught. At least with the private auditing places, they go out of business when they do a bad job.

The better solution is to have something that is auditable by EVERYONE.
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07-19-2014 , 11:09 AM
Quote:
Originally Posted by Shifty86
Yes, be sure to triple check the address, you could even send a smaller amount the first time to make sure instead of the full 2 Btc.
bitcoin address names are designed in a way to make it pretty much impossible to transfer coins to a wrong recipient due to a typo.
However I´d of course also triple check the address
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07-19-2014 , 01:22 PM
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Originally Posted by WM2

This is not Andrew Aurenheimer being prosecuted for crawling and indexing a public website.
just spent the last hour or so reading 4 or 5 articles about this guy.

yikes, what a douche.

I'm all for trolling, but he just seems like....well, a douche.
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07-19-2014 , 02:46 PM
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Originally Posted by halcyon229
bitcoin address names are designed in a way to make it pretty much impossible to transfer coins to a wrong recipient due to a typo.
However I´d of course also triple check the address
Ha yes we triple checked the addresses and everything went smoothly. It really is easy to get up and running. Thanks to all.
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07-19-2014 , 06:38 PM
Quote:
Originally Posted by halcyon229
bitcoin address names are designed in a way to make it pretty much impossible to transfer coins to a wrong recipient due to a typo.
However I´d of course also triple check the address
What you need to watch out for more than a typo is that they match and you don't have some kind of keylogger that swaps out an address for another. For example, I put a virus on your computer, it sees the format of something you copy to the clipboard as a Bitcoin address, when you press "paste", then it puts my address instead of your own.
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07-19-2014 , 06:52 PM
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Originally Posted by heltok
Dell accepting bitcoin is pretty big:
http://en.community.dell.com/dell-bl...-dell-com.aspx

10% discount on alienware if you pay with bitcoins and (unrelated) 10% discount at newegg for everything. With these kinds of savings shouldn't many people want to start paying with bitcoins? How is bitcoin not undervalued right now?
I think dell accepting bitcoins is pretty huge imho
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07-20-2014 , 03:55 AM
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Originally Posted by dia
I think dell accepting bitcoins is pretty huge imho
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Dell accepting bitcoin could be MUCH bigger than you think

http://ww4.sinaimg.cn/bmiddle/6d9e93...20hs0h6ac5.jpg

Andy, a Chinese, shared his experience on Weibo (Chinese Twitter). With the 10% discount, he bought an Alienware 14 (http://www.dell.com/us/p/alienware-14/pd.aspx) for 6442CNY in bitcoin

The same item is selling at 11999CNY in China: http://item.jd.com/1107676.html . He saved 46%

You may wonder why he couldn't buy it from dell.com directly before. Due to strict foreign exchange control, Chinese people could hardly have a "foreign currency credit card", and usual credit cards could not pay bills in USD or other foreign currency. As Dell now accepts bitcoin, Chinese people could order from dell.com directly, asking them to deliver to the US address of Haitao ( http://www.haitao.com/ ), who will then ship the item to China.

This is only the beginning.
pretty huge...
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07-20-2014 , 08:03 AM
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Originally Posted by TomCollins
At least with the private auditing places, they go out of business when they do a bad job..
Patently false, as demonstrated time and time again by existing corporations who form monopolies, cartels etc.
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07-20-2014 , 08:38 AM
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Originally Posted by Gullanian
Patently false, as demonstrated time and time again by existing corporations who form monopolies, cartels etc.
Well yeah, they can do this when they have the protection of government keeping competitors out. And they do go out of business *sometimes*, which is better than public actors, which NEVER do.
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07-20-2014 , 12:14 PM
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Originally Posted by Gullanian
Patently false, as demonstrated time and time again by existing corporations who form monopolies, cartels etc.
This basically never happens without government assistance.
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07-21-2014 , 03:30 AM
Off BTC topic, but:

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Originally Posted by wiper
just spent the last hour or so reading 4 or 5 articles about this guy.

yikes, what a douche.

I'm all for trolling, but he just seems like....well, a douche.
By the measures of some (probably many), he is a douche. He seems to have moderated a bit(as can be expected as one grows up and gets older) but he's definitely provocative and lives his life entirely in-character. He pisses off people in high places and has no problem slaughtering sacred cows. The problem is, none of that is illegal.

A sure sign of a perverted and corrupted system is when it's employed to target unpopular individuals and dissenters under the guise of 'loose interpretations' of obscure statutes. His CFAA prosecution was a Witch Hunt.

The first example of 'the apparatus' working against him was when his personal information was published in an article about a 'Synagogue Threat' that he had no part of. The person who actually made the threat went unidentified, but they noted that "The person originally suspected, Andrew Aurenheimer driving a Silver 2000 Honda Civic license plate asd-123.."

It was very sneaky and you had to pay close attention to realize that he wasn't the person who made the threat. It was a pro hit job.

When the system wants to get you, they will get you.
The only mistake he's making is staying in this country since the vacation of his conviction based on Jurisdiction doesn't preclude them charging him again in Arkansas.

So, yeah.
Classic case of "bad guy but even worse prosecution".
Undesirable people getting the shaft is an equal injustice to good people getting the shaft.

[/Return To BTC Discussion]

Last edited by WM2; 07-21-2014 at 03:38 AM.
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07-21-2014 , 11:41 AM
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Originally Posted by Happy_Fish
This basically never happens without government assistance.
That's just not true, I am honestly shocked that people honestly think that the best way in any industry to deal with corruption and cartels is to deregulate it further. Sort of the same line of logic as "we have xxx deaths from guns every year, the solution is more guns for everyone"

Here's two interesting case studies you should read about:

http://en.wikipedia.org/wiki/Phoebus_cartel
http://en.wikipedia.org/wiki/Califor...tricity_crisis

Government isn't the perfect system but it sure is a lot better than letting these companies do whatever they want. We should be spending our energies improving government and rooting out the corruption not petitioning for it to be collapsed and letting the world be run by corporations.
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07-21-2014 , 11:58 AM
your second example is bogus. you can't be serious.
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07-21-2014 , 12:04 PM
How so? Enron switching power stations on/off at will to manipulate energy prices whilst the state of California suffered to the point of not having any power.

And their defence was that less regulation and more competition was needed. And that this would somehow magic away the corruption.

More regulation was needed to stop them from fixing prices and letting their business go totally out of control.

If you don't like the example that's fine, there's buckets of other examples of businesses doing horrible stuff, and thousands of reasons I'd rather they didn't have more freedom to do what they want.
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07-21-2014 , 12:05 PM
As for the former, I haven't researched it, but I'd first look to the patent system to see if this is how small competitors were prevented from disrupting the cartel.
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07-21-2014 , 12:09 PM
Can't patent a sausage:
http://www.theguardian.com/world/201...o-rights-wurst

This corruption infiltrates the most basic of resources. It's widespread, and common. They will do it if they think they can get away with it.

Companies will lie to you, miseducate the public, irreparably damage the planet, harm entire populations health all in the name of profit. They do not need our sympathies or more market freedom, you'll see more of the same. And people will not flock to alternative products when they are ousted for fixing prices or lying to you, consumers are not perfectly rational entities which efficient market hypothesis demands from them to be. This allows them to continue to do their thing.

Last edited by Gullanian; 07-21-2014 at 12:18 PM.
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07-21-2014 , 01:03 PM
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Originally Posted by Gullanian
Look I'm not going to spend a few hours researching every case you post to find out which government actions created the unintended (or intended) conditions that allowed these cartels to thrive. But I am confident they exist in each case. Here Germany is famous for food (and beer) purity laws which may have contributed to those conditions by giving privileged positions to a small number of large producers. It's a lot easier for cartels to form and survive when you start with a market oligopoly.

Quote:
Originally Posted by Gullanian
This corruption infiltrates the most basic of resources. It's widespread, and common. They will do it if they think they can get away with it.
So, let's have a government, with a monopoly on legitimized violence, that the most ambitiously corrupt can flock to.

Quote:
Originally Posted by Gullanian
Companies will lie to you, miseducate the public, irreparably damage the planet, harm entire populations health all in the name of profit. They do not need our sympathies or more market freedom, you'll see more of the same. And people will not flock to alternative products when they are ousted for fixing prices or lying to you, consumers are not perfectly rational entities which efficient market hypothesis demands from them to be. This allows them to continue to do their thing.
Politicians will lie to you, miseducate the public, irreparably damage the planet, harm entire populations health all in the name of votes and contributions. They do not need our sympathies or more power, you'll see more of the same. And people will not flock to alternative politicians when they are ousted for corruption or lying to you, voters are not perfectly rational entities which rational voter hypothesis demands from them to be. This allows them to continue to do their thing.

I'll take my chances on voluntary relations over legitimized violence in solving these problems.
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07-21-2014 , 01:47 PM
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Originally Posted by TimM
Politicians will lie to you, miseducate the public, irreparably damage the planet, harm entire populations health all in the name of votes and contributions. They do not need our sympathies or more power, you'll see more of the same. And people will not flock to alternative politicians when they are ousted for corruption or lying to you, voters are not perfectly rational entities which rational voter hypothesis demands from them to be. This allows them to continue to do their thing.

I'll take my chances on voluntary relations over legitimized violence in solving these problems.
Governments are currently **** yes, but the solution to that is to fix it/work towards improving it, not drop them and go to an even worse and more dangerous solution.

I'm sure it's not true, but I feel like one of the only people pro Bitcoin who is not pro corporate freedom/libertarian. It's thoroughly depressing.
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07-21-2014 , 02:18 PM
Reading the first couple pages of this thread is funny
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