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mjr_: but like i said, i don't plan on keeping money in there
mjr_: yes, i plan on using bitfloor to get bitcoins and send them to my wallet right away
mjr_: gox is just so expensive
mjr_: yeah...i have seen that
mjr_: that is from bitfloor by the way...so i guess that might be causing your delay?
mjr_: WellsFargo cash deposits are currently suspended. Due to this account suspension, ACH withdrawals will be delayed as the account is closed. These delays are outside of our control and we apologize for any inconvenience this may cause. We strive to process both USD and BTC in an efficient manner and will continue to do so after these delays are resolved.
mjr_: but that is what i am saying...since they don't have fees to move money, and since you can make money trading, you could take liquidity on another site and offer it out there
mjr_: and over its lifetime i don't think it will always move a lot
mjr_: and it hasn't moved 20% today
mjr_: that is trying to arb
mjr_: yeah, but for a bot
mjr_: you can link an ing direct checking account and its "supposedly" instant
mjr_: but mostly i like them cuz you can move cash in and out really easily (i thought)
mjr_: think its .1% if you add -.4% if you take
mjr_: i heard some things about bitfloor that make me a little wary, but i think they have the best model for a currency exchange
mjr_: and i guess they still do, but i haven't tried yet
mjr_: if you take someone else's offer you are "removing" liquidity
mjr_: that is valuable, so on wall street...you get a rebate
mjr_: usually if you put an order out on the books, thats just sitting there you are "adding liquidity"
mjr_: no i mean you would have paper gains, but then when you need to move it
mjr_: if you could use liquidity rebates it might work
mjr_: yeah, i think transaction fees are going to kill you
mjr_: so you will have to open up accounts on each exchange?
mjr_: i don't have shares :( yet
mjr_: one day i will finally get around these banks and get some cash on an exchange somewhere
mjr_: <mentally moving decimal places>
mjr_: i can imagine what that must be like though
mjr_: i've never seen a whole bitcoin
mjr_: ie. they could get the bonus
mjr_: yeah, i was offering to give someone here the money if they already had an account
mjr_: but i already joined
mjr_: if you join the site...you can say someone referred you
mjr_: well, that's what i mean, a lot of people hack a system and just change the wallpaper...
mjr_: sometimes you get people who have both motivations...sometimes they just have one
mjr_: i guess what i mean is that the motivation to HACK (gain access to a system that is not yours) and the motivations to STEAL are two very different things
mjr_: but being able to make something funny pop up on a coworkers screen is always fun
mjr_: that is a big leap i agree
mjr_: ok...no one wants referal bonus on seals with clubs...
mjr_: because one of the large motivations is curiousity...
mjr_: i'm not sure about that...i think most people who know linux don't mind doing some L33T haxor stuff now and then
mjr_: yeah, i think its always the funniest when people spend their time talking about things they don't like/ believe in....like r/atheism
mjr_: anyone want seals with club referal?
mjr_: security will be everything...
mjr_: omg, i love bitzino
mjr_: i am going to try bitzino for the first time :)
mjr_: that is one of the reasons sdice and the others are doing so well, super low overhead, and easy transfer in and out
mjr_: yeah...avoid the regulation as much as possible, you would probably lose money because of the compliance requirements
mjr_: maybe using the contracts feature of bitcoin
mjr_: i look forward to the day you can get a home loan in bitcoins
mjr_: good idea to have an easy inroad, but bad idea for them to touch USD
mjr_: stick to making pizza
mjr_: then get the joy of paying the fee again on the reverse
mjr_: yeah...bank account transfer
mjr_: the site looks good ShaTwo
mjr_: i was like "what the..."
mjr_: ShaTwo: omg the coins falling is loud
mjr_: a binary options site
mjr_: i'm working on getting bitcoins accepted on this other site too
mjr_: but overall pretty clear and readable?
mjr_: especially because i don't want to say "trust me, it works"
mjr_: which is pretty tough
mjr_: i wanted to explain public key cryptography in as simple terms as possible
mjr_: but i can update it to show how it is used in this instance
mjr_: yes...that is how bitcoin works...i think that section was more about cryptography in general
mjr_: but in order to send an encrypted message...i would encrypt it using your public key, you would be the only one able to read it
mjr_: since i am assuming a non techie audience lol
mjr_: but i did not want to get into very small dettail
mjr_: you are signing the message with the key
mjr_: i mean the messages are not really encrypted
mjr_: its a google doc right now...i figured everyone could read it easily
mjr_: hmmm, might be able to but it is slides...would pdf work?
mjr_: and are they worthwhile? i am interested in the cash deposit method
mjr_: has anyone used bitinstant?
mjr_: i was hoping that a few people would take a quick skim and let me know if there are any glaring errors
mjr_: it briefly explains bitcoins in what i hope is easy to understand terms
mjr_: i created an online presentation
mjr_: and then people see that it is viable
mjr_: so if i start a smaller thing
mjr_: a real etf will be very difficult and that is a sizable bet for something no one has heard of and dn't understand
mjr_: i basically know how to join a group that's it
mjr_: um...don't laugh, how do i send a DM
mjr_: just an employee at a financial technology company with a couple broker dealer subsidiaries
mjr_: i am not a CEO or something
mjr_: and yes its nothing for a VC