Best Recent Content

  • why is QuadrigaCX no longer listed on the CSE

    Quadriga was never listed on the CSE. We turned it into a public company and went through the process of becoming listed. As there has never been a publicly traded Bitcoin Exchange, the commission had a great deal of questions and concerns which were properly addressed. However, management decided that the restrictions and changes which would have had to take place in order to maintain a CSE listing would not be in the best interest of the company at this time. Instead, management focused on growth of the platform which has been very, very successful.
  • Select Instacoin Bitcoin ATMs are now 2-way

    Great news @Instacoin -- going to check it out tomorrow
  • Martengale Script Bot for botfreebitco.in Multiply BTC hi/lo game

    Couple of things on the script. A player needs at least 100,000 satoshi since this script is built to game probability, 1 million satoshi is a more comfortable number if looking to run this unattended since that places the 'steps' of allowed losses over 20 comfortably

    Prerequisites:
    1) an account on Freebitco.in
    2) 100000 satoshi deposited (minimum) into their account (make sure you put in a strong password)
    3) Google chrome, OS does not matter.

    To run the script:

    1) Go to freebitco.in
    2) Click on multiply BTC
    3) In Chrome go to Menu --> More tools --> Javascript console
    4) Highlight the script below
    5) Copy the script
    6) Paste the script into the javascript console
    7) Press enter.
    8) Go away for a couple of days.

    The usual warning applies. Don't play if you can't afford to lose 100,000 satoshi (or a million, around 3-4 bucks). I've tested script fairly thoroughly and in doing so managed to lose around a million satoshi in testing. The setup below is the most stable and easiest method that I've found to run the script for a week with 100,000 satoshi without any issues. Just remember, a martengale system is all about doubling down on one bet after another and since it's for fun, best to start low (don't be greedy).

    Starting with 1 satoshi it is 17 steps on a 100,000 satoshi kitty before a player busts. Remember a computer can play way faster than any human could so keep in mind it takes less than 10 seconds to place all the bets. Since a computer doesn't care if it spends all your satoshi fast or slow, keep it in mind.

    "1, 2, 4, 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096, 8192, 16384, 32768, 65536,"

    If anyone has any other features to add to the script, any input or tweaks offered would be awesome.
    Again...all for fun, don't think that anyone can quit their day job with this.

    Good luck!
    -----
    var startValue = '0.00000001', // Don't lower the decimal point more than 4x of current balance
    stopPercentage = 0.001,
    maxWait = 777,
    stopped = false, // debugging
    stopBefore = 1; // In minutes for timer before stopping redirect on webpage

    var $loButton = $('#double_your_btc_bet_lo_button'),
    $hiButton = $('#double_your_btc_bet_hi_button');

    function multiply(){
    var current = $('#double_your_btc_stake').val();
    var multiply = (current * 2).toFixed(8);
    $('#double_your_btc_stake').val(multiply);
    }

    function getRandomWait(){
    var wait = Math.floor(Math.random() * maxWait ) + 100;

    console.log('Waiting for ' + wait + 'ms before next bet.');

    return wait ;
    }

    function startGame(){
    console.log('Game started!');
    reset();
    $loButton.trigger('click');
    }

    function stopGame(){
    console.log('Game will stop soon! Let me finish.');
    stopped = true;
    }

    function reset(){
    $('#double_your_btc_stake').val(startValue);
    }

    // quick and dirty hack if you have very little bitcoins like 0.00000001
    function deexponentize(number){
    return number * 10000000;
    }

    function iHaveEnoughMoni(){
    var balance = deexponentize(parseFloat($('#balance').text()));
    var current = deexponentize($('#double_your_btc_stake').val());

    return ((balance)*2/100) * (current*2) > stopPercentage/100;
    }

    function stopBeforeRedirect(){
    var minutes = parseInt($('title').text());

    if( minutes < stopBefore )
    {
    console.log('Approaching redirect! Stop the game so we don\'t get redirected while loosing.');
    stopGame();

    return true;
    }

    return false;
    }

    // Unbind old shit
    $('#double_your_btc_bet_lose').unbind();
    $('#double_your_btc_bet_win').unbind();

    // Loser
    $('#double_your_btc_bet_lose').bind("DOMSubtreeModified",function(event){
    if( $(event.currentTarget).is(':contains("lose")') )
    {
    console.log('You LOST! Multiplying your bet and betting again.');

    multiply();

    setTimeout(function(){
    $loButton.trigger('click');
    }, getRandomWait());

    //$loButton.trigger('click');
    }
    });

    // Winner
    $('#double_your_btc_bet_win').bind("DOMSubtreeModified",function(event){
    if( $(event.currentTarget).is(':contains("win")') )
    {
    if( stopBeforeRedirect() )
    {
    return;
    }

    if( iHaveEnoughMoni() )
    {
    console.log('You WON! But don\'t be greedy. Restarting!');

    reset();

    if( stopped )
    {
    stopped = false;
    return false;
    }
    }
    else
    {
    console.log('You WON! Betting again');
    }

    setTimeout(function(){
    $loButton.trigger('click');
    }, getRandomWait());
    }
    });startGame()
  • Taurus changing business model

    @testman how much would you pay at say BTC-e, or Bitfinex, or anywhere compared to Quadrigacx?
    BTC-e, Bitfinex, etc cannot accept interac, domestic wire, EFT or cash deposits from Canadians. The cost savings of not having to pay the bank to convert back and forth from/to USD, not to mention international wire fees, is far more substantial to the average canadian bitcoin investor than the trading commission fee difference. I believe Quadriga and Taurus are the only bitcoin exchanges with a banking relationship in Canada... the others (kraken, bitstamp, coinbase etc) haven't even replaced their defunct payment processor: Vogogo, to make this more convenient for Canadians.... instead, they abandoned us.
  • Bitcoin Prices 2017

    It would seem (as always) the case for this downturn is China. PBoC is looking at capital flight from the mainland which naturally looks at Bitcoin. But I mean when you do the numbers it is very hard to see Bitcoin even being a drop in the bucket considering that the market cap is only $12 billion at the moment.

    But one thing I would say for certain is that I would not do any trading on Chinese exchanges. There can be a situation in which withdrawals are monitored closely on Chinese exchanges which can be the MtGox effect meaning Chinese markets trade higher than anywhere else. Liquidity will never be an issue but if this were even the case (and it'll be more like people complaining about long withdraw times on Chinese exchanges) it does make an interesting situation going forward.

    If anything all this trading activity is just making it known that institutional money can enter in. I've seen $1,000,000 get traded in minutes. This is probably more liquid than many traditional market equities such as GLD. The one thing institutional money requires to investing in anything is liquidity. If you need to exit a position fast then this is required. And Bitcoin is doing it.

    There are only going to be 24 million of these things around. Buy one. Keep in in cold storage. Buy a second one to trade with. A third for spending and boom. Just wait a few years. We were at $10 in January 2013. We came back to $1000. It's not like this is going away. It just goes quite every now and then. And that's when you just buy a few bits here and there and store them away.
  • Circle out of Bitcoin biz


    NEW YORK (Reuters) - U.S.-based Circle Internet Financial Ltd, a social payments app backed by Goldman Sachs, said on Wednesday it will no longer allow customers to buy and sell bitcoin because it has failed to become a meaningful part of its business.

    "Using bitcoin for speculative trading or people buying and selling bitcoin because they think it's fun -- that's not an interesting business for us," Jeremy Allaire, Circle's chief executive and co-founder, said in a interview with Reuters.

    "It's a distraction to have to support these customers given that our growth has been on our social payments business."

    Instead, customers will be directed to digital asset exchange Coinbase if they want to buy and sell the digital currency. Customers, however, can still continue to store bitcoin using the Circle app and can still convert bitcoin stored via the service to dollars, pounds or euros and continue sending money via social messaging, without fees.

    Allaire has also been disappointed with the lack of progress in bitcoin's technology.

    "A few years ago when we started the company, bitcoin is the only digital currency technology that mattered," said Allaire "We obviously envisioned it as a mainstream phenomenon and we had expected more progress in terms of technology development, but the development has slowed in the last three years."

    Circle then decided to develop its own technology, Allaire said, as the company announced the launch of Spark, an open source project that provides a way for digital wallets to exchange value using blockchains, including bitcoin.

    Blockchain, the technology that has powered bitcoin, has exploded over the last two years due to its usefulness in recording and keeping track of assets across practically all industries.

    The initial focus for Spark is to connect digital wallets or accounts around the world while ensuring that full compliance requirements are met.

    Circle formed partnerships in two new markets -- South Korea's Korbit and the Philippines' Coins.ph, Allaire said. Using Spark, Circle customers in the U.S., UK and Europe will be able to send and receive value with those in Korea and the Philippines using distributed ledgers. Circle said international payments will be as easy as sending a text or email messages.

    Circle has raised about $140 million since inception more than three years ago.

    Allaire said the company is on pace to do more than $1 billion in payment transfers for 2016. Its growth over the last year in terms of user accounts, transactions, as well as, cross-currency activity "has been in the 300-400 percent annualized growth range."


    http://ca.reuters.com/article/technologyNews/idCAKBN13W2PF?pageNumber=2&virtualBrandChannel=0&sp=true
  • Bitcoin Prices 2017

    I stand by my report other than saying it should have been $800 USD. @CoinGuy can confirm I told him $1500 CAD months ago and I was probably a few days off at worst. It's not like I haven't done this before and why I do charge a premium for bots. The market is a spectacular thing. It can vote with it's feet. You buy something because you believe it is intrinsically undervalued. You'll have a lot of people show up who really aren't that sophisticated. But at the end of the day we always help anyone who wants to get in and we make sure they do as well as we do.

    Are there going to be changes in Canadian Bitcoin market? Absolutely.

    What will be the exchange of tomorrow? I don't know. I'm not that smart. I think this community will figure it out and will always do so.
    We're probably going to have a discussion in a couple of years about satoshi being reported as business income. Today a place like McDonalds reports on 1.2 billion dollar profit. In the next ten years. It's fairly possible that we'll see places like McDonalds reporting 1.2 BTC as their yearly profit. Right now, all of us here working on BTC initiatives are still refining the method and process of developing the tool. The goal is organic growth, people adopt BTC because it's offering a service no other market offers.

    What's BTC offering? Growth that is no longer possible in the calcifying and ridiculously corrupted fiat regime.

    The guy I've been watching do really cool things is Payu Harris of Lakota nation and his Mazacoin. He's actually doing 'it'. He's rebooting the Lakota nation economy using the source code and tackling the community and business challenges of digital crypto currency. It's amazing what he's done, he's a living case study in success. If you want to look it up, google Kimitsu Digital Technology Initiative
  • Bitcoin Prices 2017

  • Select Instacoin Bitcoin ATMs are now 2-way

    UPDATE: 2-way at our Ottawa location is also active.
  • Taurus changing business model

    As long as they offer good rates and get good reviews going forward from other users, I would do business with them again. They have made a good choice to be up front about their plans.

    I hope that as a bulk buyer/reseller of coins, they can make a go of it. I usually just buy coins to move money to the USA, so will see if they can be competitive in a market where half a percent matters.