sgornick

8 ms·

1.
by sgornick 13y ago
Also, http://PirateMyFilm.com is for bitcoin-powered crowdfunding. Then there is another type of crowdfunding ....equity crowdfunding. Instead of donation-based such as KickStarter, equity investing is where the contributors ca
2.
by sgornick 13y ago
Ah: https://coinbase.com/verifications
3.
by sgornick 13y ago
How can I see what level my account is at? What are the limits for Level 1?
4.
by sgornick 13y ago
More commentary from Reddit: - http://www.reddit.com/r/Bitcoin/comments/1bzekm
5.
by sgornick 14y ago
If the rising dollar volume crossing the blockchain outpaces the rising exchange rate, then it is sustainable. The blockchain output cannot be estimated with certainty though so that will always be a best guesstimate. But certainly the bul
6.
by sgornick 14y ago
And how many also are OCD?
7.
by sgornick 14y ago
"Autosell" is the term Mt. Gox uses as the name for the parameter in the shopping button API to sell immediately once the transaction has confirmed. But that's the thing. Merchants are worried about the downside risk, and basically ignore
8.
by sgornick 14y ago
You bought them and sent them to your CoinBase wallet, or did you actually buy them from CoinBase? (I didn't think that had started selling coins themselves yet.)
9.
by sgornick 14y ago
A bank blocking access to a provider of anonymous VPN services. Makes sense.
10.
by sgornick 14y ago
Consumer-grade mining is a temporary phenomena. In a few months, the block reward will be dropping in half, and most people with GPUs will no longer be able to operate them profitably for mining. This is because FPGA mining hardware has b
11.
by sgornick 14y ago
If silver was a nice addition to a gold based money system, how isn't Bitcoin a nice addition to the existing monetary system just as well? It isn't an either/or scenario. Parallel currencies for the win!
12.
by sgornick 14y ago
Since this is just one of the many options available for spending bitcoins or cashing out, the criminals are probably not planning on using these.
13.
by sgornick 14y ago
Miners are receiving nearly $100K USD per day but the share to the smaller operators is often just small amounts, oftentimes $20 or so per month. The cost for them to cash out using the bank system is often expensive. This provides an eco
14.
by sgornick 14y ago
Really? SR is the reason why? Sales volume is estimated at two million dollars a month: http://www.forbes.com/sites/andygreenberg/2012/08/06/black-m... Let's say it takes a week between when a person buys bitcoin and when those coins are
15.
by sgornick 14y ago
To be a proof-of-work based cryptocurrency, it would need to make it through the phase where it is vulnerable to external attack. Bitcoin made it through because nobody knew that a proof-of-work based cryptocurrency would ever end up being
16.
by sgornick 14y ago
Even though the exchange rate is just slightly up versus a year ago on this day, it is way down from the 2011 high yet ($32.40). That is more than 60% below the June 2011 high.
17.
by sgornick 14y ago
Up 155% in 2012. Up 80% in the third quarter so far. Up nearly 30% in two weeks. Ya, crazy stuff.
18.
by sgornick 14y ago
The rate will slow though, to 25 BTC per block (down from the current 50 BTC per block). So it took 4 years from 0 - 10.5 million, then the next 4 years sees 5.25 milion minted, then 2.125 million in the 4 years after that, and so on for de
19.
by sgornick 14y ago
Exchange rate volatility is harmful to commerce, yes. There are metrics showing Bitcoin becoming more widely used, but there's not 100% more use in two months. Maybe it finally registered that the upcoming block reward (to 25 BTC per block)
20.
by sgornick 14y ago
Tell that to the people who bought at $15 or $32 even. The thing is, the first users didn't get all the first ones. Bitcoin was in Slashdot more than two years ago. It is open source, anyone could download the software and mine on their CP
21.
by sgornick 14y ago
That's probably the shortest yet most comprehensive response to "explain this". Nice!
22.
by sgornick 14y ago
Mt. Gox offers two-factor authentication methods (Yubikey and Google Authenticator). Neither was used. Lastpass offers two-factor authentication methods (Yubikey and Google Authenticator). Neither was used. But also, nobody who also wor
23.
by sgornick 14y ago
Opening soon ... http://20Mission.com A hacker hostel for Bitcoin startups. 41 rooms. Discount, of course, if paying rent using bitcoins. "Bitcoin's Hogwart's"
24.
by sgornick 14y ago
Will PayPal allow GitTip to escrow the funds? If not (and likely not, considering PayPal does not allow for their payment network to be used for "pre-sales"), then GitTip can only charge for the actual amounts tipped (and claimed by the don
25.
by sgornick 14y ago
Quite a bit of the money that mining operators receive is now going mostly going towards investment in R&D (and soon, manufacture) of ultra-efficient ASIC based mining hardware. This things solve the computational work at a couple orde
26.
by sgornick 14y ago
Bitcoin payments for person-to-person can be done on mobile. Merchants can run their own point-of-sale or use a hosted solution (or, us a mobile / tablet, just like an individual). For merchants, just like if VISA/Mastercard/Debit card, et
27.
by sgornick 14y ago
The forum thread where this is discussed: - http://bitcointalk.org/index.php?topic=40264.msg1000405#msg1... The URL that is sent is a bearer code (spendable by anyone with access to the data). I question whether this approach, and consid
28.
by sgornick 14y ago
Comically, many of Bitcoinica's customers were those who sent funds to the service to be able to go short (bet against) bitcoins. But those "investing in bitcoins" wouldn't have lost from this unless they also happen to have been speculatin
29.
by sgornick 14y ago
With bitcoin, the muggings like this incur a 50% or 100% loss, impacting those who extended trust to the wrong place. With fiat, the muggings when using a payment card incur a 3% loss each time the currency is used, impacting every person o
30.
by sgornick 14y ago
Title was a bit confusing. You aren't purchasing bitcoins, you are purchasing goods using bitcoin. Big difference. Great service though, I use it as both a supplier and a customer! And found a couple new songs for my playlist!

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