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101  Economy / Services / Re: Please crack my blockchain wallet and take my 16 cents on: August 28, 2014, 11:23:38 AM
All that stress for just 16 cents,its not worth it.
102  Bitcoin / Bitcoin Discussion / Re: IRS 501(c)(3) Public Charities That Accept Bitcoin on: August 28, 2014, 11:22:21 AM
This is highly informative.
103  Bitcoin / Bitcoin Discussion / Re: Bitcoin Podcast on: August 28, 2014, 11:20:09 AM
A notable Bitcoin Podcast you can enjoy is http://letstalkbitcoin.com/.
104  Bitcoin / Bitcoin Discussion / Re: BitGive first tax exempt bitcoin charity on: August 28, 2014, 11:17:06 AM
Tax exempt Bitcoin charity is really refreshing and great move in the right direction for BTC development.
105  Bitcoin / Bitcoin Discussion / Re: Bitcoin Symbol??? on: August 28, 2014, 11:14:33 AM
The issue of Bitcoin symbol is far fetched the originators ideal logo is B
106  Other / Off-topic / Re: Can I be implicated for buying a steam gift ? on: August 28, 2014, 08:50:14 AM
Even if a seller is 'trusted' that doesn't mean to say they aren't getting their cards from someone who isn't. Even the 'trusted' sellers of giftcodes usually won't tell you where they get them from and that's because they're usually just reselling them from someone else and can't guarantee where they're coming from or that they are being obtained legitimately.

quite true but regardless of the legitimacy of the steam gift.I think its just a matter of risk taking which is what exchanges online are most times.
107  Economy / Economics / Re: Pubs And Small Bussinesses Accept Bitcoin In Australia. on: August 28, 2014, 08:37:20 AM
Good news.
It is usually easier for small businesses to try something new. They are not constrained by policies and processes in place. It is easier for them to try something new and then discard it if it doesn't work.

Precisely, what is expected of the big goons as already been commenced by small biz such as this pub.I hope the larger firms and companies take a leap from where  Garry Pasfield's pub as reached.
108  Bitcoin / Bitcoin Discussion / Re: St. Petersburg Welcomes BitPay on: August 28, 2014, 08:28:38 AM
Bitpay in St. Petersburg simply justifies the belief that the BTC boom is near.This is wonderful news.
109  Economy / Speculation / Re: The Euphoria when bitcoin goes to moon! on: August 28, 2014, 08:25:21 AM
Het guys don't be touched by the present state of Btc trends things are certainly going to take shape its just a matter of time.
110  Bitcoin / Bitcoin Discussion / Re: Aug 30 to Sept 1: NewEgg Bitcoin Discount offers up to 30% off on Purchases on: August 28, 2014, 08:20:51 AM
This is fascinating news, I better prepare for shopping.
111  Other / Off-topic / Re: This is My Satoshi Jersey on: August 26, 2014, 02:09:52 PM
Very nice, i like it.
112  Bitcoin / Bitcoin Discussion / Re: Whitepaper: Decentralized Monetary Policy for Crytographic Currencies on: August 26, 2014, 02:07:02 PM
Highly expository exchange of intellectualism.Your views are noted,thank you.
113  Bitcoin / Bitcoin Discussion / Re: will bitcoin reduce/eliminate purchasing disparity? on: August 26, 2014, 02:02:32 PM



For example, Tennessee is a low-price state, where $100 will buy what would cost $110.25 in another state that is closer to the national average. You can think of this as meaning that Tennesseans are about ten percent richer than their nominal incomes suggest.

The states where $100 is worth the least are the District of Columbia ($84.60), Hawaii ($85.32), New York ($86.66), New Jersey ($87.64), and California ($88.57). That same money goes the furthest in Mississippi ($115.74), Arkansas ($114.16), Missouri ($113.51), Alabama (113.51), and South Dakota ($113.38).

A person who makes $40,000 a year after tax in Kentucky would need to have after-tax earnings of $53,000 in Washington, DC just in order to have an equal standard of living, let alone feel richer.



http://www.zerohedge.com/news/2014-08-24/whats-100-really-worth-each-state
 

 A very educating write up.However, i believe the influence will definitely be based on the states and individual ability to control their economy.
114  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Ready for the Major Leagues? on: August 26, 2014, 01:56:02 PM
Bitcoin is a cryptocurrency that is now about five years old and there are more than a few experts speculating whether or not Bitcoin is ready for the Big Leagues or whether Bitcoin is robust enough to handle the workload of an entire national or global economy. But before we can answer that question we must first determine the hurdles still in front of the nascent digital currency. If Bitcoin has what it takes to overcome these challenges, then it could very well be ready for the spotlight.

Meeting the Challenges

There are a couple of important points that we need to remember. If Bitcoin is ever to become a mainstream currency at least one of the major economic nations will have to accept it as such and the truth is that this is not going to happen without regulations being attached to that recognition. There are several reasons for this:

  • The government has a duty to protect consumers
  • The government has a duty to prevent crime or criminal activity
  • The government has a need to track money for tax purposes

But there is another reason as well. Regulations, especially in the financial industry, are often a matter of who has the best lobbyist. Laws are passed almost daily that favor one part of an industry over another or one industry over another. One of the main reasons for the 2008 economic crisis was the US deregulation of the banking industry, a problem that still has not been fixed.

The financial industry might see a way to make money with Bitcoin, but on the other hand if allowed to remain as is, Bitcoin could cost supplant the industry costing it tens of billions annually in transfer and account fees.



The Propaganda Wars

If you want news about Bitcoin you have to search for virtual currency focused media outlets. While the mainstream media certainly dabbles in Bitcoin, their coverage usually focuses on the negative aspects of Bitcoin’s growth such as criminal activity or a big loss by customers from a failed exchange.

A March poll by an online survey taken by Harris Interactive on behalf of California-based Yodlee, a self-described personal finance data platform, revealed that only 48% of American adults know about Bitcoin. And it is no secret that most of them get their news only from the major news outlets. Bitcoin’s public image will certainly suffer if this trend continues with only one side of the story is being reported.

A recent article in Bitcoin magazine illustrates the point perfectly:

Quote
“[…] We are distracted. Of 100 people personally polled, most people could not actually explain or define Bitcoin to me, but they could tell me all about how it “went bankrupt in Japan,” how “Bitcoin’s CEO committed suicide,” and how “the bank got robbed and they went under.” Like it or not, the majority of people are still convinced by 30-second television bits that focus on the 1% of “bad” news. And why would these news clips focus on anything else?”

But many Bitcoin startups are engaging with their communities. The Bitcoin Cup for instance is a charity centered at the 2014 World Cup that raises money for local communities by taking Bitcoin donations. Bitcoin clubs are springing up at universities all over the world, as are Bitcoin ATMs and this is before any countries have backed Bitcoin officially.

As Bitcoin gains in popularity, the corresponding news will also shift towards a more positive tone, which we are already seeing with headlines announcing major companies accepting Bitcoin and venture capitalists pumping money into the new economy.

....

http://cointelegraph.com/news/112259/op-ed-is-bitcoin-ready-for-the-major-leagues

bitcoin is kind of ready for the big leagues. it is but it isnt at the same time. some changes could be made to confirm transactions faster, i understand though most vendors accept 0 confirms which is a fine way of doing it, but even then sometimes the nodes dont broadcast as fast as they usually do. a 0 confirmation transactions for me one time took a few minutes somehow.

If the intel on this write up are true i believe its ready to take on the world.
115  Bitcoin / Bitcoin Discussion / Re: bitlicense petition on: August 26, 2014, 01:50:52 PM
I don't like giving out my personal info except on extreme circumstances of which this is not part.
116  Bitcoin / Bitcoin Discussion / Re: Need help implementing Bitcoin project at kids’ high school on: August 26, 2014, 01:47:33 PM
Need help implementing Bitcoin project at kids’ high school

I want to implement a Bitcoin project similar to the one at MIT (http://bitcoin.mit.edu/announcing-the-mit-bitcoin-project/) at my kids’ high school.  I don’t plan on doing it at the same scale as MIT, but think introducing Bitcoin to kids at this age is a huge benefit to them.  In a nutshell, MIT is giving $100 worth of Bitcoin to every undergrad—no strings.  I emailed them for details of their program and they are still working-out the details and could offer no immediate help.

So, my plan was for the Math teacher to offer this as extra credit for any student that wants to do so.  There are about 60 kids in the 10th grade (including both of my kids).  I was thinking of starting them with $5 worth of Bitcoin (about 0.0092 9938 BTC @ $537.16; or 9,299 bits, or 929, 938 Satoshi).

I am looking for suggestions for implementation.  Specifically:

1)   Funding.  It’s only about $300 (less than 1 BTC), but budgetary issues prevent me or the school funding it.  I was thinking about asking for donations, but getting donations from parents for something they totally do not understand is almost impossible.  Should I a) hit-up some Bitcoin millionaire for a single BTC, or b) approach local businesses for generic “school donations”, or c) some other approach?

2)   Funding logistics.  Let’s say I get the $300 to fund, should I use Coinbase.com to purchase the coins?  In my personal Bitcoin venturing, I avoided Coinbase as well as any other centralized, controlled, on-line Bitcoin services.  My 0.0799 0421 BTC I have now, I bought from a friend, not any service.

3)   Wallets.  The students will have both Android and IOS phones, so, should I recommend one wallet for each or let them choose?  I am thinking that since this is supposed to be a learning exercise, it would be easier if we told them which wallet to use.  I was thinking of Bread Wallet for IOS and Andreas Schildbach’s Bitcoin Wallet for Android.  Since we’re dealing with very small amounts and we want to encourage the kids to buy, sell, trade with each other, I figured we would not push desktop wallets at this point.

4)   Distribution.  My thinking was that once the kids have their wallets set-up, they will email the teacher with their student ID and public key and we would then do a direct transfer at that point.  Another option includes printing 60 paper wallets pre-loaded with 9,299 bits that they could sweep, but  I am concerned about tracking distribution and preventing kids from getting more than one, etc.  I also could see the kids just trading the paper wallets instead of actually using the e-wallets.  The other issue with the teacher (or me) doing it at night once we receive an email and public key, is that I wanted the kids to see the immediate transfer from our wallet to theirs.  There is just something about hitting “send” and hearing that little ching-ching in your wallet that makes a better impression.

I am open to suggestions on all of the above points.  I am also planning on documenting this as well as I can in hopes that other schools can use it as a guide to implementing similar programs there.

Thank you!


I appreciate your approach and think it will go a long way in developing the awareness campaign bitcoin requires for now.But i however don't have additional inputs to this idea.
117  Bitcoin / Bitcoin Discussion / Re: Will Amazon buy Blockchain.info till 2016? on: August 26, 2014, 01:38:01 PM
Why the hell would they ever buy blockchain.info if they don't even accept bitcoin, they obviously don't have faith in bitcoin and investors are already pissed they're still not turning a profit.
It could be a great strategic move to start endorsing it with top professionalism.

Well said  remotemass why stress yourself over something you kick against or reject its acceptance.
118  Bitcoin / Bitcoin Discussion / Re: Cannabis Road hacked despite using 3 levels of multi sig, 200 BTC hacked on: August 26, 2014, 01:34:18 PM
"hacked"



Is there a proof to this effect?
119  Bitcoin / Bitcoin Discussion / Re: Why There Should Be A Bitcoin Central Bank on: August 26, 2014, 01:32:35 PM
Why create a BTC Central Bank when the whole concept of BTC is to mitigate the fractional reserve banking experienced in normal banking routine.
120  Bitcoin / Bitcoin Discussion / Re: Would you name your baby Satoshi for 150 bitcoins? on: August 26, 2014, 01:27:51 PM
Yes of course,the baby will later thank me for it after later finding out he or she was named after a renowned personality.
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