wiped out my savings.Also, maybe when i say it wiped me out, it wiped me out of all the "extra" money I could spend. its been so long, i cant remember the exact financial situation it put me in, but it hurt me.i bought and sold bitcoins for months, bought low sold high.. did this for about a year or 2, until bitcoin got so expensive it got out of my league.. but when it was 10 dollars, it was a great way to make money.... I cant remember the exact dates of when I purchased them.. i know you want me to be this bad guy.. sorry to disappoint. Im far from perfect, but one thing im not is a lier or a thief, can you say the same?
Oh yea, i mined bitcoins from early 2011 til I finally got my machines from BFL.. Why the interest? is this your new project? Also, who made you my judge? you should probably spend more time on bettering yourself than trying to find fault in others.. it will do you and the world a lot of good...
BTW, who said I was a Mormon?
now I know why people say "Dont feed the trolls"
Firstly, you said you're a Mormon via other site(s) I've found, but being kind by not posting the links.
Secondly, still color "now-I'm-a-troll" confused...
I happen to know the family pretty well (i dated his Daughter a few years ago). tonya, his wife set it up. She actually tried to get it going a few days ago. but if you look at the family picture she used and look at her facebook which she posted it on, i think, you will see that they are the same person . I believe she posted it on her facebook. she has never had any experience with gofund me. how can i get her to prove its legit?
What do you about those that helped bring Silk road down?Is there some information that this question is based on? I haven't heard about people helping to bring down Silk Road. Who helped?
Anyway, my position is that the destruction of Silk Road is good for Bitcoin, but it is bad for humanity.
I was wondering when someone would post this question.
I was going to post a "fund" for an individual that got caught up in the SR thing (its not Nod, the guy in washington, either). A basic fund for those that need help in defending themselves against the government.. You know the guy in Washington Nod? the number one seller on SR? He was busted but is working out a deal, probably to get his suppliers, but people like him (and others) that need financial support.
The govt. comes in and takes all belongings, unless you can hide them. So, while this Nod guy made a lot of money, I would bet he cant access any of it and it will be seized, but im using him as an example really.
If a fund were set up to help those that are going to testify against DPR, would people donate? I guess ill never find out unless I really set up an address and site to help some people that were strong armed to help the government and dont have a lot of money to fight them (govt.)In my opinion, doesn't matter if they were strong armed to help or volunteered, they are heroes. They don't HAVE to help.
I say it's now quite obvious why you desire of me to quit posting in this thread, or is this post off-topic vis-à-vis not related to the OP in any way, shape or form?
Have to remember, that vendors on that silk road can hedge their btc to protect themselves against swings like this...I think it only costs them 4 percent or so, (been a long time since i read a thread over there, maybe its changed by now, but at least thats the way it was a couple months ago)
AR
Sure you can always do something. 4% sounds OK. But you also have to learn how to hedge and then hedge the deals. Does your time have no value?
I'm not positive since I'm not a user/seller of SR, but I've heard that the hedging is a built in functionality. The 4% you pay is so you don't have to learn to do it yourself.
That is my understand as well just remember hedging simply transfers the volatility risk to someone else (in this case the site operator and/or backers providing the hedging). If volatility increases the risk increases and either they are forced to stop offering it or charging more. No matter who is doing the hedging volatility costs users who are using Bitcoin as a payment mechanism. More volatility = higher costs and lower value/utility.
If they make an actual trade to back it, there is a very small window of vulnerability.
Just checked it out.. It an automated system on SR.
the admins take all the risk, all the vendor has to do is click a button to hedge. It looks like you just have to know what hedging is and then click the button.
Man, there are some pretty business savy drug people.. Didn't realize that SR was that far in their thinking...So, they obviously have figured out a way to help ease the minds of vendors that can't take the swings.
AR
"The admins, like your ex-girlfriend's father, take all the risk."
The last highlighted text implies that the SR was all about drugs, but you used it for everything but.