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  • Locked thread
Proteus4994
Jan 2, 2001

Do not engage. Just tell me to go back to Kiwi Farms where I waste days upon days crying about how I wasted years upon years on SA. Did you know I was personally responsible for SA's rise in popularity in the 00's? It's true! Just come to the Farms and find out how! It's the trash kingdom I deserve.

...! posted:

[–]johnnybluejeans 18 points 8 hours ago

ITT: people judging others on buying a "worthless" commodity while simultaneously missing the irony that they are on r/magicspacecoins

that conversation sucked but this gem was hidden in the middle

Adbot
ADBOT LOVES YOU

OJ MIST 2 THE DICK
Sep 11, 2008

Anytime I need to see your face I just close my eyes
And I am taken to a place
Where your crystal minds and magenta feelings
Take up shelter in the base of my spine
Sweet like a chica cherry cola

-Cheap Trick

Nap Ghost
also in general eccn determinations are self made, at risk of the principal parties

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.

Dante posted:

the only actual advantage of bitcoins outside of being part of libertarian economic cosplay groups is basically money laundering for poors. For obvious reasons this is going to be a limited market, probably very criminal and also highly monitored. Also why would the government do anything like this? I don't really think you understand how currencies work or why they're designed like they are (hint: you want monetary policy to be a thing, which means controlling the money supply)

no see regulation and policies are bad

also lol at the concept of "money laundering for poors"

anthonypants
May 6, 2007

by Nyc_Tattoo
Dinosaur Gum

...! posted:

[–]GSpotAssassin 1 point 3 hours ago

I often get downvoted just because I speak from experience.

(Of a 41 year old successful single guy lol)
gently caress

Damiya
Jul 3, 2012
GSpotAssassin (everything about it)

kiwid
Sep 30, 2013

ill bet he has a realdoll

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
from gibbis:

Suspicious Dish posted:

code:
    Subject: [Hptc-users-list] Policy statement on crypto currency mining and personal for profit campaigns.
    Date: Fri, 14 Feb 2014 13:22:06 -0500
    From: FAS Research Computing Users Group <hptc-users-list@lists.fas.harvard.edu>
    Reply-To: [email]rchelp@fas.harvard.edu[/email]
    To: [email]hptc-users-list@lists.fas.harvard.edu[/email] <hptc-users-list@lists.fas.harvard.edu>
     
    Dear all,
     
    I really hate having to send notes like this to our community -
    especially one as smart, gifted and talented as you all are, but
    anyway here goes...
     
     
    Yesterday we were alerted to an unfortunate situation by one of our
    community members using the Odyssey cluster who spotted an anomaly
    with a set of compute nodes.
     
    Long story short, a "dogecoin" (bitcoin derivative) mining operation
    had been set up on the Odyssey cluster consuming significant resources
    in order to participate in a mining contest.
     
    I do want to also quickly state that Research Computing does not
    inspect, examine or look at algorithms and codes that are executing on
    the cluster, we respect your science and assume we are all good
    citizens.  However, in the course of business, or as happened
    yesterday, if we are alerted to unexpected behavior we always
    investigate the cause of any issue.
     
    So, to put this simply:
     
    Odyssey and Research Computing resources can not be used for any
    personal or private gain or any non research related activity.
     
    Accordingly, any participation in "Klondike" style digital mining
    operations or contests for profit requiring Harvard owned assets to
    examine digital currency key strength and length are strictly
    prohibited for fairly obvious reasons.  In fact, any activities using
    our shared resources for any non scientific purpose that results or
    does not actually result in personal gain are also clearly and
    explicitly denied.
     
    As a result, and as guidance and as warning to you all, I do need to
    say that the individual involved in this particular operation no
    longer has access to any and all research computing facilities on a
    fully permanent basis.
     
    Don't let this happen to you.
     
    Best,
     
    j.
     
    --
    dr. james cuff, assistant dean for research computing, harvard
    university | division of science | thirty eight oxford street,
    cambridge. ma. 02138 | +1 617 384 7647 | [url]http://rc.fas.harvard.edu[/url]
    _______________________________________________
    Hptc-users-list mailing list
    [email]Hptc-users-list@lists.fas.harvard.edu[/email]
    [url]https://lists.fas.harvard.edu/mailman/listinfo/hptc-users-list[/url]

kitten emergency
Jan 13, 2008

get meow this wack-ass crystal prison

kiwid posted:

ill bet he has a realdoll

the realdoll can't say no, not that it ever mattered to him

anthonypants
May 6, 2007

by Nyc_Tattoo
Dinosaur Gum

uncurable mlady posted:

the realdoll can't say no, not that it ever mattered to him
ahem

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value

The only thing I really like about Bitcoin is that it's push only, but it's easy enough to get close to that with existing services. If I send money with Paypal or Google Checkout, they make it clear if I'm agreeing to some recurring deal, and if I use a temporary virtual credit card number from my bank, that means my card is no longer available to the merchant after a while.

And even though people hate getting charged monthly for something they didn't mean to sign up for, having the option to be automatically billed is nice, too. It makes sure the lights stay on and the phone has service for the forgetful. So I wouldn't want credit cards and bank accounts to switch to a push-only system, either.

I think Bitcoiners don't get that banks and other financial services can improve faster than they can try to make Bitcoin look good. At this point, I think Bitcoin's biggest possible impact on the financial industry would be to encourage Western Union to lower their rates if Bitcoin exchanges/ATMs were set up in most countries.

EDIT: Have a reddit quote. Something good happened for once!

quote:

http://www.reddit.com/r/Bitcoin/comments/1yl2s7/mt_gox_sepa_withdraw_high_four_digit_made_on/

Mt. Gox SEPA withdraw (high four digit) made on 2014-01-04 came through today! (i.imgur.com)
submitted 2 hours ago by artifex28



save
[–]clitcoin 1 point 2 hours ago
Ballpark range of transaction?

[–]artifex28[S] 1 point 2 hours ago
Over 5k. Less than 10k.

[–]GregTheHuman 1 point 2 hours ago
Did you have to call/email relentlessly or was it automatic?

[–]artifex28[S] 1 point 1 hour ago
I've asked them weekly via E-Mail (support tickets) after the first 5 weeks. They've replied within 24 hours and said they were sorry about the extra delay.

STOP THE PRESSES! Area man able to cash out of Mt. Gox in only 1 1/2 months! SUCH LIQUIDITY!

TVarmy fucked around with this message at 04:33 on Feb 22, 2014

fool of sound
Oct 10, 2012

...! posted:

Subject: [Hptc-users-list] Policy statement on crypto currency mining and personal for profit campaigns.
Date: Fri, 14 Feb 2014 13:22:06 -0500
From: FAS Research Computing Users Group <hptc-users-list@lists.fas.harvard.edu>
Reply-To: rchelp@fas.harvard.edu
To: hptc-users-list@lists.fas.harvard.edu <hptc-users-list@lists.fas.harvard.edu>

Dear all,

I really hate having to send notes like this to our community -
especially one as smart, gifted and talented as you all are, but
anyway here goes...


Yesterday we were alerted to an unfortunate situation by one of our
community members using the Odyssey cluster who spotted an anomaly
with a set of compute nodes.

Long story short, a "dogecoin" (bitcoin derivative) mining operation
had been set up on the Odyssey cluster consuming significant resources
in order to participate in a mining contest.

I do want to also quickly state that Research Computing does not
inspect, examine or look at algorithms and codes that are executing on
the cluster, we respect your science and assume we are all good
citizens. However, in the course of business, or as happened
yesterday, if we are alerted to unexpected behavior we always
investigate the cause of any issue.

So, to put this simply:

Odyssey and Research Computing resources can not be used for any
personal or private gain or any non research related activity.

Accordingly, any participation in "Klondike" style digital mining
operations or contests for profit requiring Harvard owned assets to
examine digital currency key strength and length are strictly
prohibited for fairly obvious reasons. In fact, any activities using
our shared resources for any non scientific purpose that results or
does not actually result in personal gain are also clearly and
explicitly denied.

As a result, and as guidance and as warning to you all, I do need to
say that the individual involved in this particular operation no
longer has access to any and all research computing facilities on a
fully permanent basis.

Don't let this happen to you.

Best,

j.

--
dr. james cuff, assistant dean for research computing, harvard
university | division of science | thirty eight oxford street,
cambridge. ma. 02138 | +1 617 384 7647 | http://rc.fas.harvard.edu
_______________________________________________
Hptc-users-list mailing list
Hptc-users-list@lists.fas.harvard.edu
https://lists.fas.harvard.edu/mailman/listinfo/hptc-users-list

5

BanjoFish
Nov 24, 2007
Mining rig for charity? We’ve got questions. (self.Bitcoin)
submitted 54 minutes ago by bitcoinh20

The Water Project has raised over 27 BTC in the past month or so. Incredible!
Donations have generously come in to help us build clean, safe water projects in Africa and we can’t wait to show the results to the whole crypto community.
But today, I had an interesting thought…
What if folks rallied and contributed to fund a decent sized mining rig for a charity like TWP?
We certainly have the technical chops to use it. Other charities might need some hand holding. I ran some newbie calcs… and it seems worthwhile.
What am I missing? What’s the risk?
What would $15k invested in a mining rig do vs. investing $15k directly into a water project?
Do you think the BTC community would support it/fund it? Think ASIC producers would get involved?
Would love your feedback.

4 comments
sorted by: best

[–]_ali_ 2 points 36 minutes ago
You really think that a small charity should invest their donations into bitcoin mining? You really think this is something they should do?

[–]conerius 2 points 25 minutes ago
Sounds like a big distraction to me as well:
Maintenance of your "mining" farm.
Risk of running in the red with your mining operation.
Distraction from fundraising/other activities.

[–]bitcoinh20[S] 1 point 17 minutes ago
Yes... That's exactly the ? we're asking. Are margins really that tight? And inputs that high?

[–]bitcoinh20[S] -1 points 32 minutes ago
Nope. I am questioning whether Bitcoin supporting donors would consider funding a rig for a charity. A gift-in-kind.
Would be like giving us a drill rig. One gift digs holes. The other produces money... to buy drill rigs, and dig more holes.
Thoughts?

A Pinball Wizard
Mar 23, 2005

I know every trick, no freak's gonna beat my hands

College Slice
lol i forgot overstock guy was the naked short selling guy

Wikipedia posted:

The SEC has stated that naked shorting is sometimes falsely asserted as a reason for a share price decline, when, often, "the price decrease is a result of the company's poor financial situation rather than the reasons provided by the insiders or promoters."[4]

LethalGeek
Nov 4, 2009

:siren: gox back down to $102 if you missed last nights crash get into your favorite tracker we'll be doing it again!

Tayter Swift
Nov 18, 2002

Pillbug
last page but

...! posted:

[–]diglig 1 point 2 hours ago

You should have asked him again when the price hit $20, $30, $75 and so on. Hopefully he would have agreed to lend you money by the time BTC hit $100. Persistence is the key in asking for money.

someone execute this person

Cantorsdust
Aug 10, 2008

Infinitely many points, but zero length.

LethalGeek posted:

:siren: gox back down to $102 if you missed last nights crash get into your favorite tracker we'll be doing it again!

drat, just about to post this

although personally i like these steady declines because you can't handwave it away as "oh, the market's unstable, this is just a flash crash, to the moon!" no, the market clearly hates you and hates bitcoins.

Sham bam bamina!
Nov 6, 2012

ƨtupid cat
i'm the purple link

anthonypants
May 6, 2007

by Nyc_Tattoo
Dinosaur Gum

BanjoFish posted:

Mining rig for charity? We’ve got questions. (self.Bitcoin)
submitted 54 minutes ago by bitcoinh20

The Water Project has raised over 27 BTC in the past month or so. Incredible!
Donations have generously come in to help us build clean, safe water projects in Africa and we can’t wait to show the results to the whole crypto community.
But today, I had an interesting thought…
What if folks rallied and contributed to fund a decent sized mining rig for a charity like TWP?
We certainly have the technical chops to use it. Other charities might need some hand holding. I ran some newbie calcs… and it seems worthwhile.
What am I missing? What’s the risk?
What would $15k invested in a mining rig do vs. investing $15k directly into a water project?
Do you think the BTC community would support it/fund it? Think ASIC producers would get involved?
Would love your feedback.

4 comments
sorted by: best

[–]_ali_ 2 points 36 minutes ago
You really think that a small charity should invest their donations into bitcoin mining? You really think this is something they should do?

[–]conerius 2 points 25 minutes ago
Sounds like a big distraction to me as well:
Maintenance of your "mining" farm.
Risk of running in the red with your mining operation.
Distraction from fundraising/other activities.

[–]bitcoinh20[S] 1 point 17 minutes ago
Yes... That's exactly the ? we're asking. Are margins really that tight? And inputs that high?

[–]bitcoinh20[S] -1 points 32 minutes ago
Nope. I am questioning whether Bitcoin supporting donors would consider funding a rig for a charity. A gift-in-kind.
Would be like giving us a drill rig. One gift digs holes. The other produces money... to buy drill rigs, and dig more holes.
Thoughts?
this person is much more deserving of murder fyi

Progressive JPEG
Feb 19, 2003

Thoughts?

Progressive JPEG
Feb 19, 2003

also what are some trackers to track with

Cantorsdust
Aug 10, 2008

Infinitely many points, but zero length.

Progressive JPEG posted:

also what are some trackers to track with

http://bitcoinity.org/markets/mtgox/USD

CSM
Jan 29, 2014

56th Motorized Infantry 'Mariupol' Brigade
Seh' die Welt in Trummern liegen
Pictures speak louder than words:

"I got to use the FIRST BITCOIN ATM IN THE UNITED STATES! Austin Texas baby!!!"



Take the pain, hack by hack, crash by crash

"My first beer paid with bitcoin, today was a good day."



Only 15 minutes till I get off.

Progressive JPEG
Feb 19, 2003

CSM posted:

"My first beer paid with bitcoin, today was a good day."



Only 15 minutes till I get off.

fake

no way do they have a friend to hold a camera for them

LethalGeek
Nov 4, 2009

i may have spoke too soon there's a lull in the happening

FCKGW
May 21, 2006

Progressive JPEG posted:

fake

no way do they have a friend to hold a camera for them

Progressive JPEG
Feb 19, 2003


wait so whos holding the camera for HIM??

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
Paypal has pulled another $300 from my already negative account, bringing their total theft to $1975.00 (self.Bitcoin)

submitted 4 hours ago by noncognitivism

I spoke on the phone with a Paypal representative about 8 weeks ago, and was told that I was both allowed to sell Bitcoins via paypal, and that these transactions were protected, so long as I was not acting fraudulently.

I initially placed my call because a buyers email address was similar to another buyer who had made a charge back. (Paypal also ruled in my favor for that charge back)

I was told that only Paypal or myself could remove funds from my account, and that I had "nothing to worry about"

I have not had any transactions since then.

Shortly after that, I had my first charge-back that was not ruled in my favor. I was told that I was lied to initially (by another representative), have received emails informing me that I am banned from using Paypal due to breaking their TOS, and have received harassing phone calls almost every day claiming that I owe Paypal money.

They continue to reverse payments from months ago.



If you check the headlines, Paypal claims to be building a new platform that allows for multiple currencies, including digital currencies. Behind the curtains they are robbing Bitcoin users blind.

[–]lettucebee 2 points 1 hour ago

Why is it that when a person comes here and tells a story the first comment out of your mouth has to be telling him how stupid he is and how he should have known better and so on loving bullshit. Talk about piling on.

Reddit, the land of the loving-know-it-all-propeller-head-software-engineer coming from the World of Better Than.

OP, I am sorry this happened to you and I appreciate you are brave enough to come here and tell your story. We can all learn from it. Thanks.

[–]FT_clox_metoo 3 points 5 hours ago

Yeah you and /u/ButterflySammy got it right. The result of the exercise was too realize that Paypal is a lovely company and service and you should try to avoid toing business with them.

The mere fact that they charge back your transactions and lie to you tells you everything you have to know.

Any chance you can sue them or threat other legal action? Or any ideas?

[–]noncognitivism[S] 2 points 5 hours ago

I have threatened to file a claim with my local courts, but I cannot afford an attorney over this, and I'm sure that's what Paypal is counting on.

[–]FT_clox_metoo 2 points 5 hours ago

Yeah but they are people too. If you threat often enough and when they get the first email of you attorney (even if you only pay one/ask one to send an Email) things will change probably.

[–]FT_clox_metoo 3 points 4 hours ago

Being the bigger assholes towards assholes does work. I only used Paypal a few times and when I threatened them they changed behaviour. Thats the only thing I can tell you.

If they had stolen so much money from me I would do anything to show my seriousness on the matter.

Those people are just idiots sitting in an office building who dont care much about you. They are lazy and have a lot of work. If you are persistent chances are that they just agree to giving you the money back just to avoid extra work.

If you ask an attorney or anyone else who carries weight to send them a mail, they will probably think about it. And your efforts will be worth 2000 loving dollars.

[–]KeavesSharpi 1 point 2 hours ago*

Believe it or not, you can trade on the internet with out paypal. They've been a bad company for a long time. I remember back in the '00's, when they used their muscle to silence dissidents, and people actually posted articles about it, and there were boycotts. But for some reason, that all blew over and people still use them. Seriously, they're the walmart of the internet.

*edit sorry i'm drunk right now so i know i'm not being clear, but seriously... gently caress paypal! let's just use BTC instead!

[–]hey_wait_a_minute 1 point 1 hour ago

Of all the potential things that Bitcoin could accomplish, the best one will be making PayPal completely obsolete.

Certainly there are going to be "useful" things, but the sweetest thing that Bitcoin could cause, will be the utter demise of PayPal. It couldn't happen to a more deserving group of lizards people.

You people that own stock in PayPal, watch the development of Bitcoin carefully, because we are coming for you.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
Bitcoin on the Battle Net forums. TLDR; most World of Warcraft nerds think Bitcoin nerds are idiots. (us.battle.net)

submitted 51 minutes ago by YellowTone

http://us.battle.net/wow/en/forum/topic/11296279569

[–]knight222 1 point 2 minutes ago

Bitcoin nerds = entrepreneurs
Warcraft nerds = loser kids

[–]jwBTC 2 points 4 minutes ago

All you've just done is prove BattleNet forums are filled with twelve year olds...

[–]tnorthb 4 points 36 minutes ago

I don't even think of WoWers as nerds, all the nerds I know are passionate about something at least. WoW players are just addicts.

[–]Tester24834 0 points 55 minutes ago

Good. Now is the time to buy then. If you wait until everyone thinks BTC is a good idea, the riches have already been plundered. And gently caress those WoW nerds. What a terrible community that was.

[–]avidwriter123 2 points 32 minutes ago

i've never met so many assholes in a game as WoW had.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
Why do programmers quit their jobs and start working on Bitcoin? Answer inside. (self.Bitcoin)

submitted 4 hours ago by pardax

"Hackers are the animals that can detect a storm coming or an earthquake. They just know, even though they don’t know why, and there are two big things hackers are excited about now and can't articulate why – Bitcoin and 3D printing"

- Paul Graham

Proteus4994
Jan 2, 2001

Do not engage. Just tell me to go back to Kiwi Farms where I waste days upon days crying about how I wasted years upon years on SA. Did you know I was personally responsible for SA's rise in popularity in the 00's? It's true! Just come to the Farms and find out how! It's the trash kingdom I deserve.

...! posted:

[–]avidwriter123 2 points 32 minutes ago

i've never met so many assholes in an internet forum as /r/bitcoin had.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
With things being unregulated how they are, I'm surprised that a big fish like Amazon doesn't buy up a bunch of bitcoins now while they are cheap and then announce that they will accept them. (self.Bitcoin)

submitted 26 minutes ago by djchii

The price jump in the value of the coin would benefit them greatly, not to mention the huge boost in sales that would occur on their website (based on overstock)

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
Has MtGox already reported to the Japanese Prime Minister on their suspension of withdrawals? (self.Bitcoin)

submitted 32 minutes ago by Karl-Friedrich_Lenz

If MtGox was a bank, had a banking license, and suspended withdrawals, here is what the Japanese Banking Act says in Article 16 about such a situation:

Article 16 (1) Except in cases specified by Cabinet Office Ordinance, a Bank shall, when it temporarily suspends whole or part of its business at its business office due to natural disasters or any other compelling reason, immediately notify the Prime Minister to that effect with the reasons thereof, as well as give public notice and, pursuant to the provisions of Cabinet Office Ordinance, post to that effect at that business office.

I have my doubts about the "compelling reason" part. "We screwed up our software and don't feel like processing bitcoin withdrawals manually" doesn't impress me as a "compelling reason" on par with natural disasters like the 2011 earthquake and tsunami.

And I don't exactly know why they should be treated more favorably in that regard because of the fact that they are taking deposits without the necessary banking license.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
Paypal SUSPENDED MY ACCOUNT .PayPal Making me sign an Affidavit for not using my account for BITCOIN ! (self.Bitcoin)

submitted 1 hour ago by vaguhs

Dear ......... ............

We have reviewed your PayPal account and found that you have been involved in the sale of electronic media exchange (such as electronic money or digital currency). Per our current Acceptable Use Policy for Money Service Businesses, PayPal may not be used for currency exchange including the sale of Bitcoins..

To continue using your PayPal account, we need some additional information from you. Please sign the electronic affidavit stating that you understand and will comply with PayPal's terms and conditions.

By agreeing to the electronic affidavit, you affirm that you understand and will comply with PayPal's policy regarding the use of PayPal accounts to sell electronic currency. You understand that PayPal may not be used for the exchange of electronic currency. You further affirm that any future violation of the policy may result in immediate restricted access to the account.

To sign the electronic affidavit, log in to your account and go to the Resolution Center for further instructions. If we don't hear from you by 02/25/2014, we will limit what you can do with your account until the issue is resolved.

We look forward to hearing from you and thank you for choosing PayPal as your payment provider.

Sincerely, Marcella PayPal Compliance Department PayPal, an eBay Company

Please do not reply to this email address as it is not monitored and we will not receive your response. You can get in touch with us by clicking "Contact Us" at the bottom of any PayPal page.

Copyright © 1999-2014 PayPal. All rights reserved.

[–]vaguhs[S] 1 point 1 hour ago

When I agreed to the terms of service 8 years ago , Bitcoin was not in existence ! they specifically mention Bitcoin here !

[–]sammy777777 1 point 1 hour ago

had the same thing, signed it sent it to them they re instated my account, sold some more coins to someone then they limited my account for 6 months and will release the money after this time, only a small amount so dont care heaps, its in their TOS they can do this too, they put it in some interest bearing securities, paypal is a ponzi scheme.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
IPOs and share dealing in Bitcoin (self.Bitcoin)

submitted 2 hours ago by PaddyP23

Just a thought, following a long and coffee-fuelled discussion this afternoon, but surely a great way to grow BitCoin (parallel to urging more companies to accept it as payment) would be to urge companies to offer IPO and shares in Bitcoin.

Is anyone aware of a service at the moment that offers share dealing in Bitcoin? And if there isn't one, why not?

[–]Jojoslade 1 point 1 hour ago

I've had a version of this thought - I think it should be taken a step farther - a company should as an IPO simply mint and mine their own coin and maintain the blockchain for the coin as part of the IPO. Then one would have a crypto-traded equity - This would allow you to have a coin which actually has some sort of underlying value. We could all keep stocks in our crypto wallets.

There's gotta be SEC laws against this, but I would love it. I'm rooting for someone to put out sort of a CTF (crypto-traded fund) which would be like and index fund. The expense ratio would cover the blockchain maintenance. Then there's no speculation about value for the coin.

[–]PaddyP23[S] 0 points 1 hour ago

This would be a great way to fund start ups. It would make crowdfunding as we currently know it look almost obsolete.

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
[–]Voogru 4 points 2 hours ago

In the event of a bitcoin takeover, the 'deflation' is only going to be by the amount that the economy expands. So you're not going to have 50% swings.

More like 2-3% on average.

Prices just go down. The computer industry and consumer electronics is HEAVILY DEFLATIONARY, yet it's very productive and booming. Just look at the deflation of disk space! OMG! DISASTER!!! (not). Imagine if we had that kind of 'deflation' with housing. 3000 sqft houses now cost $500. OMG! DISASTER RIGHT?

Obviously not, and anyone who tells you so, is a moron.

Same with cell phones and everything else.

Don Lapre
Mar 28, 2001

If you're having problems you're either holding the phone wrong or you have tiny girl hands.
Gimme a minute im gonna offer some IPO in dogecoins

Progressive JPEG
Feb 19, 2003

...! posted:

Why do programmers quit their jobs and start working on Bitcoin? Answer inside. (self.Bitcoin)

submitted 4 hours ago by pardax

"Hackers are the animals that can detect a storm coming or an earthquake. They just know, even though they don’t know why, and there are two big things hackers are excited about now and can't articulate why – Bitcoin and 3D printing"

- Paul Graham

as usual he forgot cards against humanity :rolleyes:

(actually p fun tbh if ur friends dont suck)

FrozenVent
May 1, 2009

The Boeing 737-200QC is the undisputed workhorse of the skies.
bitcoiners have a really high opinion of themselves

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

FrozenVent posted:

bitcoiners have a really high opinion of themselves

FUD

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stoutfish
Oct 8, 2012

by zen death robot

FrozenVent posted:

bitcoiners have a really high opinion of themselves

they are the glorious masters of a new era of humanity, show them some respect

  • Locked thread