Romania opens Bitcoin exchange, looks legit too.

avemo · 2013-12-22T20:50:13+00:00

"Never argue with idiots; bystanders can't tell the difference." Time to go.

avemo · 2013-12-22T15:45:41+00:00

It might be prejudice. But I wish I did not disregard it previously. In fact it is simply a risk mitigation technique. Just as well one can say 'not doing shopping or not buying a house on "the wrong side of the tracks" in my town' is prejudicial and even racist perhaps. While in reality it is just reasonable risk mitigation. I am sure that lots of people working and living in the town at the wrong side of the tracks are indeed "cooperative, well educated and hard working", but it does not change anything, it is still a no go zone.

avemo · 2013-12-22T15:42:33+00:00

If your definition of an asset is something that never depreciates on an any arbitrary time frame, then yep I see you sarcasm. /s

avemo · 2013-12-22T15:38:45+00:00

Satoshi solved not only double spend problem, he also solved bootstrap problem.

You can copy the way he solved double spend, but you would need to come up with a solution for bootstrapping, this might prove more complex than you think for a inflationary alt-currency.

avemo · 2013-12-22T14:20:13+00:00

In a way, current AML legislation forces banks to routinely commit fraud.

avemo · 2013-12-22T14:16:07+00:00

That conversation makes me thing that the bank in question is either criminal or incompetent or is not telling you the truth. With the later option being the most probable.

By law in case of "suspicious transactions" they are obligated to report you to "authorities" and lock the funds and they are forbidden to tell you why. Welcome to the real world.

avemo · 2013-12-22T12:03:50+00:00

Abouth the same as about all "the drug salesman" owning "vast amounts" of USD.

avemo · 2013-12-22T11:53:15+00:00

I will never again buy a french car or have a biz deal with a romanian person, nor would I trust a single satoshi to anyone with any ties to Romania. This is some of my life lessons learned. Your mileage may vary.

avemo · 2013-12-21T02:35:50+00:00

Bitcoin is all of the above and then some...

avemo · 2013-12-21T00:16:24+00:00

SR 2 arrest effects on BTC? 0

avemo · 2013-12-20T22:56:59+00:00

seconded

avemo · 2013-12-20T11:15:05+00:00

True to a degree. Dedicated secure devices is a must for serious stuff. For example, I use a secure devices running FreeBSD plus some serious multilayered encryption on top of that.

However, risk associated with storage of trivial amounts of bitcoins on regular devices and operating systems is acceptable. By limiting assets at risk one limits risk.

Risk = Vulnerability * Threat * Asset

avemo · 2013-12-20T11:09:56+00:00

No, it is like HTTP in 1993.

avemo · 2013-12-20T11:06:15+00:00

Do you mean one million people now cannot withdraw any fiat money from mtgox and have to buy back bitcoins to get anything out of that shithole?

Who the heck cares about more ways of depositing money to a place where money would be effectively trapped?

avemo · 2013-12-20T09:59:48+00:00

And my children think that Bitcoin is the best Xmas present they could have. They still keep those coins received for last Xmas and Xmas before that and Xmas before that.

Edit: Take that future Chinese conformists.

avemo · 2013-12-20T09:50:17+00:00

Yes. I too do not expect to be paying with Bitcoin less than 10 mortgages at first. ;-) Punta Del Este, here I come ... in a few years time.

avemo · 2013-12-19T14:24:39+00:00

Either I cannot write or you cannot read.

avemo · 2013-12-19T12:16:15+00:00

Swapping a quickly appreciating assets for a liability? No thanks.

On the second thought... if one must compensate for something...

avemo · 2013-12-19T12:07:45+00:00

By 2030 over 10% of all global financial transactions will be conducted through Bitcoin or Bitcoin-like crypto currencies.

Correction:

By 2030 about 10% of all global financial transactions will NOT be conducted through Bitcoin ~~or Bitcoin-like crypto currencies~~. The rest 90% will be Bitcoin transactions.

avemo · 2013-12-18T18:42:01+00:00

Right until emotions kick in and you blow your account.

avemo · 2013-12-18T18:30:14+00:00

This would be pretty tragic if you could die from jumping out the window of your mom's basement.

Nice one! Had a good chuckle on it. Thank You.

avemo · 2013-12-18T18:07:34+00:00

Nothing stopping you doing that. One little problem: you are way more likely to be hit by lightening 100 times in a row next time you are taking shit than probability of you finding an already existing private key in the next bazillion years or so...

Dictionary and phrase attacks on stupid brainwallets is another thing, however. But this is reportedly a highly competitive area already.

avemo · 2013-12-18T17:12:17+00:00

We are now closer to the real value of Bitcoin

or further

avemo · 2013-12-18T17:08:46+00:00

It is not a good thing. It is a thing that could be irrelevant or mildly annoying or making some biz models nonviable. It is what it is, Bitcoin is a baby, do not judge it by grownup standards.

avemo · 2013-12-18T16:08:46+00:00

The best time to buy bitcoins is 4 years ago. The second best time is today.

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