Awesome Stephen, thanks for sharing You're welcome. I now see there is a Youtube version of the same video now as well: - http://www.youtube.com/watch?v=_U18FG3ZAnoI was looking to see if I could see the firstbits for the 8.846 BTC transaction so that I could see how much fee was paid. That would be a good comparison ... since the restaurant takes credit card as well, how much was saved by the restaurant for accepting bitcoins versus VISA/Mastercard/AMEX.
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Looking to sell currently.
Wonderful. You should find plenty of people willing to buy CALL options from you if the premium is reasonable and the coins are secured with escrow (that's kind of the hard part).
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Billionaires generally own large companies selling real goods Microsoft sells a metric crap ton load of licenses to the national, state, county and local governments. Anything that makes taxation harder means a potential impact to tax revenues which, in-turn, causes software sales revenue to those agencies to decline. Buffet needs Krugman and [edit: economists who think like] Keynes for his portfolio to not blow up. More importantly, if capital formation can come using bitcoins and cyber-equities platforms (e.g., BitFunder) then why go to work for Gates, Buffet, Dimon, or other companies like Cisco, BN, even. Why not just pitch, get funded, and rule your own destiny. Without a steady stream of talent these companies will have to switch to more performance-based compensation which really would introduce culteral and financial changes within these organizations. They prefer things just the way they are.
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Says I am running 0.8.1 - Beta. Will I need to update anything soon.
v0.8.1 is already able to accommodate the May 15th 2013 hard fork, if that's what you are asking. Upgrading to v0.8.2 when it is released will be optioinal for you.
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so, when will the sec get the rules done?
The last thing anything near official said "no earlier than 3Q 2013". Most in the space have concluded that since there's so little activity on the rulemaking occurring now this simply won't happen in 2013. What is happening is that they are getting the process meted out using accredited investors and then when the rulings come out these companies in the crowdfunding space then will hopefully only need small changes to be compliant with whatever comes out the SEC's pie hole.
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Why do you think it's inconceivable for a bitcoin exchange to operate in the US? I guess I paint with a wide brush. One of the allures of a BitFunder, for instance, is that an issuer can register, be listed and complete an IPO in a short amount of time and at little expense. These factors are nowhere in the list of top 100 priorities for the SEC. They aren't looking to enable scrappy entrepreneurs. They are looking to have layers of filters, which is what was more needed before this thing called the Internet enabled individuals to do a halfway decent job of due diligence on their own. Additionally, one of the allures of investing and trading on an cyber-equities exchange like BitFunder is that accounts are pseudonymous -- so there's no limitation that would restrict investor base to any geographic or jurisdictional boundaries. There is no way an exchange with anonymous accounts will ever be operating with the SEC's blessing. What could happen is that an online broker could accept bitcoins as a funding method. Like e-Trade letting you add funds which are converted to USDs and credited to your account for trading NYSE, NASDAQ and other listed securities.
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I am wondering if anyone is buying call options?(write to purchase BTC at a certain price by a certain date)
Which are you looking to do ... buy or sell (write)? There is one service that provides CALL options. There are other financial instruments with leverage as well: - http://en.bitcoin.it/wiki/Trade#FinancialYou might also find someone willing to enter a CALL option contract with you over-the-counter but escrow (of BTCs or USDs) is recommended unless you are trading with a trusted counterparty. - http://wiki.bitcoin-otc.com/wiki/Option_orders
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figure out at what point it would make sense to add more decimal places in order to avert an inflationary spiral that will eventually result from lost coins Did you mean to write deflationary spiral? Or?? Anyway, adding more decimal places doesn't create more coins. The same amount of money exists with $1 as does with 100 pennies.
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You should also add those to that site's Twitter account to get additional exposure.
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bar raids sounds great. Would someone coming from where NEFT is sold (e..g, Europe) be willing to pick up and deliver a bottle can drum barrel (1 Liter) of NEFT? PM me please if interested. This is solely for me to further my research into ways that Bitcoin is being marketed, of course :
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I am just now learning about and using bitcoin. So my question is, if I want to publicly display my bitcoin wallet adress somewhere to receive monies (BTC) is there any way for that wallet address to be traceable back to me and they can find out who is the owner of that BTC wallet address?
Every Bitcoin transaction is traceable. If you publicly give out a Bitcoin address that makes it even easier to tie that address to your identity -- especially is that "public display" is on a web page indexed by Google or some other search method as then it is as simple as Googling that address. For improved privacy, use a different Bitcoin address for each transaction (i.e., give out the address for each request). There are techniques to obtain =an even greater level of privacy (e.g., shared send from Blockchain.info/wallet, or mixing service).
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I'm afraid it's not quite that simple... So, assuming that the BTC-based economy will eventually flourish, can you imaging the ripple effect an act of trashing a single bitcoin could have on that economy? You have an imagination of some sort techno-taliban: like if dynamiting the Buddha statues would damage buddism. This recurring and overblown worry about lost coins has me wondering of the source. I'm presuming this has little to do with truly protecting bitcoin, but instead is all about getting a foot in the door with some method of demurrage (call it reclaiming of "lost" coins or whatever). Get that implmented and then a protocol change for currency inflation or some type of taxation is just an incremental step further.
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Does any exchanges offer this function?
No market exchanges in which you are buying or selling bitcoins currently offer this. It has been something discussed for years though. Camp BX's site has mentioned them since its June 2011 launch, for example.
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I have a mtgox verified account, but I'm not sure if I can add a family members bank account to my mtgox account.
That's correct -- you cannot withdraw from Mt. Gox to someone else's account. The other person is free to create a Mt. Gox account and then withdraw the funds that way, however there's no guarantee they won't be subjected to the requirement of having to verify an account. There are other SEPA exchanges with less restrictions. I believe with BITSTAMP you can specify the account for a SEPA withdrawal at the time of the withdrawal, therefore you could enter a family member's account at that time -- presuming it is below their AML restrictions. Another method is to arrange a local transaction. For instance, with LocalBitcoins.com you would arrange to have the family member pick up cash from a buyer. How that would work as a three-way transaction is where you would arrange everything, then release the bitcoins when your family member confirms that the buyer is there with cash in a face-to-face trade and then you release the coins at that time: - http://www.LocalBitcoins.com
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how about use one address for a day and the next day use a new address. This way they will not know your total take in and easier for owner to manage.
What if you had two customers pay the same amount at about the same time? How would you know which customer paid and which didn't? The proper way is for there to be a new Bitcoin address for each transaction. Shopping cart / E-commerce software already accommodates this. Use a third-party payment processor if you want (e.g.. BitPay, Coinbase, etc.) and you'll never have to know nor care what a Bitcoin address is.
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We are gonna have 1000 times more transactions a day. Well, there are per-block limits, though those are increasing and not permanent. Can the bitcoin network/clients can handle such a huge blockchain? - http://en.bitcoin.it/wiki/Scalability#Storage
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