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The Migration or Importation of such Persons as any of the States now existing shall think proper to admit, shall not be prohibited by the Congress prior to the Year one thousand eight hundred and eight, but a Tax or duty may be imposed on such Importation, not exceeding ten dollars for each Person.
The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.
No Bill of Attainder or ex post facto Law shall be passed.
No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or Enumeration herein before directed to be taken.
No Tax or Duty shall be laid on Articles exported from any State.
No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one State over those of another: nor shall Vessels bound to, or from, one State, be obliged to enter, clear, or pay Duties in another.
No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of Receipts and Expenditures of all public Money shall be published from time to time.
No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.
- Article 1, Section 9 of the US Constitution
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
- Article 1, Section 10 of the US Constitution
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Yeah...it's called value, and that's what currency is when its not currency or when its moved or such. Blackjack hand or apples, you "create your own currency."
You're a casino; a bet and payoff are just proportional relations caused by a set of events. Your int BlackJackGame(int) is assigned USD because thats what you use. Try a drop down, contingent upon users funds. On payout, use currency that went in. It's math...or it should be....
If we take peoples Bitcoins at the Mt. Gox market rate, and turn it into our own value -- non-currency -- whatever you want to call it, they will then sit down at a poker table with other people who deposited Neteller, Moneybookers, Visa, etc. and play for what everyone at the table assumes to be equal value. At the end of that, if the BTC currency is worth half what the people who deposited with Visa paid, we have to make up the difference. What you're recommending only makes sense if BTC is the only currency we support. Otherwise, all casinos act as de facto baskets. For some reason poker chip comes to mind, but I see what you're saying with a mixed table now (and extreme volatility in a certain currency). Don't mix tables (never seen a game where someone throws in dollars, yen, and e-gold in the same hand)...start with slots lol. |
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I could be wrong here, but if you accept bitcoins as a form of payment, couldn't the Government arrest you for that?
You...alt + f4. And surrender your voter registration card. |
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july 29th, 2070. the man from the future said so.
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If you deal in BTC, you deal in BTC. The solution to stabilize it for you, is the same as for any other business dealing with volatile commodities, farmers for example do this: You sell short options on that volatile commodity and problem solved.
Yeah, unfortunately managing currency risk day-to-day is outside the scope of what we're prepared to do at the moment. re: tehcodez... As far as denominating in a 'unit-less' system, that basically means creating our own currency. That's impossible if we have more than one deposit/withdrawal method. We become a defacto exchange regardless. With EUR USD fluctuations it's not so bad. re: Serge... I also understand that perspective, and I think a lot of people here would agree and only want to play for BTC at the table. Aside from the floating point issues (our software would have a problem with 0.001/0.002 NL Hold'em), we are still talking about a site with other real currency floating around. We could spin off a BTC-only skin (1000:1) if the market would bear it, but I don't see it happening too soon; for now it would be BTC in, BTC out, USD at the tables. We'd still be the first to do it. Yeah...it's called value, and that's what currency is when its not currency or when its moved or such. Blackjack hand or apples, you "create your own currency." You're a casino; a bet and payoff are just proportional relations caused by a set of events. Your int BlackJackGame(int) is assigned USD because thats what you use. Try a drop down, contingent upon users funds. On payout, use currency that went in. It's math...or it should be.... |
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Denominate your games into a unit-less system, then manage currencies with respect to the account.
Separate running a casino from running an exchange...
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No source, no reality. Article 1 sec 8 states what the US Gov *CAN* do, and specifically it says that it CAN MINT COIN, that it can regulate the value of that coin. It does not give the US Gov *ANY* legal standing to make ANY other form of currency, trade, barter, etc, illegal. Period. Read the constitution. That which is not EXPRESSLY allowed is forbidden -> http://en.wikipedia.org/wiki/Everything_which_is_not_forbidden_is_allowed it applies specifically to the gov, if they're not EXPLICITY, DIRECTLY allowed something, then it's forbidden. Basically, the most they can try to do is say "bitcoin is worthless here in the US in terms of the dollar" -- they can say that until they're blue in the face, but if private entities accept/trade it, well, nothing they can actually do. Just like now. True, but law here is really, actually, what your Grandma believes it is. Sigh. |
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Who ever told you that has no clue how this all works. Nice thing about that Constitution...it's flexible. Goes both ways :-) If the constitution has implied powers that are not actually written there, then the government has no limits. - Judge Napolitano What's her job then :-) That's right...playing bridge for life. |
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Well, gentlemen, they will shun the sheep from us. The shephards will retain their herds but, we, the rogue wolves shall prevail. We will retain our Bitcoins and we will trade them among ourselves. The shepherds will do all they can do to destroy us but our numbers are great and our spirit -- immortal.
I think you have your subjects backwards. :-) |
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Who ever told you that has no clue how this all works. Nice thing about that Constitution...it's flexible. Goes both ways :-) |
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The word of the day is....liquidity.
Catch the wave!
lololololol
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My computer is a printing press, that takes power and hardware for the typeset and codez for the magik. Code a program, sell it, and see how much that makes you...a lot more than hashing. Poor 'man' and his old school 50's economics louisville-slugger-making-and-i-don't-play-baseball.
All BTC is verifiable open transactions...sorry you don't realize how that bill in your mom's purse works.
Besides, AOL went through 32 versions to be obsolete, and had some great rooms along the way.
Hold on Zefram, I'm coming for you.
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An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.
May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true. However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time. Gettin' payed is gettin payed. |
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if BTC reaches 500m and nobody is accepting it as payment (aside from the niche market) i see it hitting 50m a few days after that.
And I see dead people Mr. Shyamalan has coins. Send them so he can be cured. |
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A Real Gold Mine? Principally used in jewelry, gold (chemical symbol Au) is also used generally in manufacturing (and by the electronics and computer industries in particular) due to its excellent thermal and electrical conductivity, resistance to oxidation, and inalterability. The computer industry uses several hundred tons (318 tons in 2003, for example) of the element every year. The precious metal is found in almost all computer components--processors, motherboards, extension cards, memory... - From http://www.tomshardware.com/picturestory/550-gold-motherboard-chemistry.html318 * 2000 * 16 * ~$1500 > $15B/yr. |
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We can sell yo mama's hair piece for transaction fees. It'll get one or two...especially with the "crust"...or we can make orphans shoe-shine for it. Either way, it gets paid and everyone walks away a winner.
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Tycho's taking his recent cut lol
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A block chain comparator....errr....might...work. Since Tyc's sooo noble, and he's got the coin (lol), he should bounty it. That'd give him the TRUST he needs.
TRUST....not fees....not coding....not bad logic....TRUST.
So who's gonna move first. Tyc? The cattle? Or the man waiting outside Tyc's installation?
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Honestly im not opposed to the idea of DDoS'ing him.
We can't let bitcoins security be comprimised by the unaware masses when 1 person can change it.
+1. That sort of action is just competition, right. He should have to compete with the informed and motivated. |
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If network has weaknesses I rather we went through them early in development and learned how to react before whole countries adopt it. Without network's experience and ability in resisting attacks countries unlikely will ever trust bitcoin in order to adopt it on that scale.
We don't need to react. We can prevent it altogether by distributing the network's hashing power more evenly. You will never be able to control even distribution of hashing power, too many forces out of your reach, lots of funds out of your reach, new technology that comes next could be out of your reach. What will you do then? when market cap will be in trillions and some unknown hashing entity took over 50% of hashing power? Is it not a possibility in any given time in the future? Yes, we will. In a way, we do now (just not controlling very good). There's no reason you couldn't run hashing power via a globally collaborative system. BUT THAT'S NOT DEEPBIT RIGHT NOW. This is just the sum of all ignorance...which never changes. (Hence, why we'd like to plan for it). |
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