how many years did it take the internet to become mainstream? it wasent all that long ago connecting to the internet was too complicated for most people.
maybe not perfectly analogous but i think there are some parallels
Rick Falkvinge (founder of the swedish Pirate Party) has stated that "it takes 10 years for a disruptive technology to go from inception to becoming so easy to use that it reaches mainline adoption". That would mean 2019 for the concept of distributed cryptocurreny. I recommend watching his enlightening talk at the Bitcoin Conference in Prague: http://www.youtube.com/watch?v=mjmuPqkVwWc where he explains this. |
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Yeah I just learn about this and I didn't know that most of people here already know. We must find a way to reach a massive amount of people to learn them about this and the bitcoin alternative.
Unfortunately, Bitcoin is still too complicated to grasp for most people, and too dangerous. They're not security experts, they're mostly dumb fucks (pardon the french) when it comes to securing their data. We can't blame them, the Average Joe is just not into this kind of stuff. I think Bitcoin has to evolve a bit more (in terms of client usability, and ease of securing your money) before it's suitable to be picked up by the masses. I'm with you, knight22. We must talk to Joe Average, otherwise we're doomed. Bitcoin easy or hard to use doesn't matter (I agree we should make it easier and more secure to use, of course). |
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Both EU and USA badly need a "quick victorious war" to distract the population from the upcoming economic collapse. In a way, maybe they think that since some kind of war is needed anyway it is better Iran than full out WWIII. Liberate some oil by the way too. Nobrainer really.  Which country is better suited to attack than Iran for starting WW3? |
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So when did Keynes or Krugman use the scientific method and isolated a human society in a laboratory in order to produce predictable and repeatable results ?  +1 As I've said on a number of times on this forums, the one thing that makes a discipline scientific is its actual power to predict the future, and *not* the fact that it somehow "explains" things. Physics is a science: given enough data about powder chemistry, wind, angle, projectile mass and shape, gravity and distance, you can accurately predict where a shell will land once fired. A very useful tool to have. Real science can land robots on Mars. Try and ask any economist to pull off something like that. Economics, whichever cult you happen to be follow (Keynes, Austrian), is *not* a science: its predictive power is essentially non-existent. On the other hand, economics, however has borrowed all the lesser attributes of a real scientific discipline, in particular the complex jargon: economists have long realized that there was much money to be made fooling regular people into believing they have a clue about anything. In fact, you can pretty much draw a one to one parallel between economics and astrology: they use the same technique (fooling the gullible), serve the same purpose (ensuring the practitioner makes a living), and have similar predictive power (none). great post, especially the last paragraph. thanks, will use |
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Your wrong actually, we've had hundreds of customers do this over past couple of weeks.
You're probably right. In any event, I'm still not convinced many people are looking to bitcoin as a safe haven currency and I doubt many people will. If a significant number of people do end up moving to bitcoin as a safe haven currency I'm sure we'll know it, because that'll probably induce a bubble, the likes of which have never been seen.
I think you would be surprised at just how forward thinking, creative and risk taking some people are. Today I had lunch with two of my friends who are both estate planning attorneys for high-net worth individuals. The topic of conversation centered on political risk, expatriation, second citizenships, FACTA, tax implications and how they could use BitCoin as part of their client's asset protection and estate plan. They found the alienable nature of BitCoin extremely attractive. If that is so - then why people don't use the more peer to peer exchanges like bitmarket.eu instead of the centralized ones that are forced to apply the Know Your Customer rules? ignorance and liquidity and maybe the wish to take advantage of spikes. |
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Each bond will be sold at .103 BTC and will be bought back at any time at .1 BTC.
when you have some time, can you check the order book? If my sell order @0.1 is still there, please buy it back. |
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If their php library can be improved so easily, is it being patched?
Probably their process of making changes to this library is not free and the reward does not exceed the cost. |
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In Australia you can get most things done with a case of beer.
Is this classified as sound money ? lol
Fungible, divisible... anyone can brew it, yet brewing requires work and cannot be done for free... goddamn!!  Don't tell a german or belgian you think beer is fungible! |
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Even though Bitcoin is a marginal safe haven asset, it is certainly used that way in Europe right now. Each and every one of those Bitcoin holders are if not Bitcoin users already, at least potential Bitcoin users once the Bitcoin economy becomes more diverse. News like these will only increase this which is good.
Bitcoin in my book is meant not only as a medium of exchange, it's a store of value as well. Bitcoin seems to be advancing on both fronts slowly but surely.
Disclaimer: I operate a Finnish Bitcoin exchange and I also personally know people who use Bitcoin for this purpose.
+ friggin 1! Many people emphasize either one of the two and neglegt the other. Both are required features of money. |
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it's ONE HOUR LONG, dude! At least give us a hint or time. |
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Author owns BTC and hopes news will make it go up.
Nothing new here. Nobody I know is moving from EUR -> BTC.
This is not about "news", this is about "notable press hits", which this clearly is. This is also not slashdot, where you pad yourself on the back letting the world know that you already know what's been reported upon and even have a supposedly insightful comment. Everybody I know that has woken up to what is going on with our currencies and has some fiat is looking for a place to put it, they are forced to, since saving in fiat is decreasingly an option to store wealth. Bitcoin is certainly an option to consider to be included in a "diversified safe haven portfolio", and I think the exchange rate prooves that some actually do include it. It cannot be explained by silgroad growth and/or pure speculation alone any more. |
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Maybe keynesianism is pseudoscience too.
We don't need science, we need sound money and free markets.In my view, economics cannot be science anyway, unless you completely understand how humans work. You'd have to start there. Regarding Keynes vs. Hayes or whatever: fuck that debate. Keynes may be right, I don't know, but his strategies are not implementable because they require responsibly acting leaders/central banks/policymakers, which we do not have at our disposal currently. Humans fail consistently at regulating even very simple systems, such as a thermostat-controlled freezer. How can you expect a group of humans to succeed at regulating something as complex as the world economy? You cannot, this is the mistake we made. We thought we could have our economies regulated. I think we're better off concentrating our efforts on deregulation and coming up with good monies (let the free market use whatever it wishes to use), than arguing about right or wrong of some theories about the behaviour of apes. I'm pretty relaxed about these two things, because they will solve themselves in the end anyway. Solutions will just emerge, the question is how bad we want it to get before we let them. I do think FunnyFoo is right about the problems bitcoin has (slow transactions, cumbersome to use, scalability issues), he's wrong however in saying that it's easy to come up with a better solution. I point to history (litecoin) to show that. |
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Of course your other options are to purchase them via bank wire transfer through Intersango or MtGox, neither are particularly safe options as they're not anonymous but if anyone would rather trust them then at the very least I'd recommend running your coins through a mixing service like Bitcoinfog.
hrm. If you buy through an exchange, the exchange knows your identity and has books on how much you bought, which they will surrender to officials if correct legal documents are provided. If you need undercover coins, buy them cash or mine them. I like the idea of local cash-traders you can meet in person. It works without cooperation of banks/visa/paypal/... Hello again Molecular! Yes it's a great idea. I sometimes wish I lived in an urban area like London so I could trade Bitcoins for cash in person but it's mail order only at the moment - sometimes you can find online classifieds offering BTC for sale. I think you'd have to have some ground rules to make sure you can do it safely - probably the best thing they could do is e-mail you a wallet file in encrypted format and then meet with you somewhere with a Wifi zone where you could hand over the cash in exchange for the password. Another alternative would be to save the coins to a paper wallet but this isn't very safe for the seller as they could get knocked on the head. To answer your question viz. Paypal, the company are very jealous about people who trade in other currencies and usually forbid it. Also facetious buyers sometimes claim they didn't receive their BTC when they actually did. I would also be worried about people using stolen credit card information to buy the BTC and the money being clawed back a few months down the line when the bank catches on. V. thanks vlad1m1r for your info regarding paypal. about the cash/btc exchange... I've done a few in public places (chance of getting hit over the head: slim) Why so complicated, just do the exchange on the spot, there's never been a problem: First I make sure the person has a valid address and is able to confirm reception of bitcoin. I insist they bring a device to be able to do that. Sometimes I send a token amount just to make sure. Then we look up exchange rate and calculate the specifics of the deal. I then ask for cash on the table (sneak under the laptop in case of a larger purchase. That looks kinda like a drug-deal to some, I know, but doesn't bother me, since I don't carry any illegal substances). Wont take the cash just yet. Then wait for confirmations and chitchat about Bernanke, silgroad or the new world order (depending on type of buyer). Once the recipient is satisfied (usually after 1 or 2 confirmations), take the cash, shake hands, thank for business and part. Giving the guy a password, well... that wouldn't satisfy him, would it? Could be fake. |
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Let me set the record straight about my opinions - I think bitcoin is an excellent proof of concept, but definitely too unrefined and flawed for mainstream acceptance in and of itself.
I also don't have any interest in debating the established fact that Ron Paul demonstrates incredible economic ineptitude. It's just fun rubbing it in on a forum populated by a lot of people with kindergarten-level understanding of macroeconomics.
just so people can value your honored opinions, I dug out an old post of yours from November last year: Prices are probably headed to $0.25 per coin or lower. There is no functional economic use for bitcoin as a medium of exchange in society at this time. The only thing it has going for it is the stability of the platform, but even that is shadowed by the ease of theft and long transaction delays (compared to the 5ms secure transactions for trading other types of commodities or currencies). On the bright side, the decline will become more gradual below the $1.00 level, which is about the time speculators started buying into the market.
When a bubble pops, it pops all the way.
yesyes, and tulips only flower once. if you have "no interest in debating" and are apparently the ultimate holder of "established knowledge" then why are you here? Just for having some "fun rubbing it in on a forum populated by a lot of people" you seem to have no appreciation or respect towards? Seriously? Back to kindergarten, HappyFunFoo! |
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Not really sure if this has been addresses but forum search didn't find anything (as it is usual)
the search box is broken most of the time and doesn't find anything. try clicking "search" menu item and search from there. that usually works for me. |
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Value of $5 is too low for what BTC offers IMHO. Only 5 times better than Bernanke ? No way !
haha, lol. Reminds me of a friend who last year (pre-parity), when I said: "bitcoin will reach parity with the us dollar soon" said: "No way, it cannot be better than the dollar". |
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did you just now discover this "greatest theft of all times"? Welcome to the club! That shit is part of why we're all here and it's no coincidence satoshi put the following into the code that generates the genesis block: const char* pszTimestamp = "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks";
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A linux distro that has everything you need probably can't come quick enough.
The distributor of that distro needs to enjoy enormous trust. I trust a vanilla ubuntu live cd a ton lot more to contain no wallet stealer than a special "for your secure bitcoin savings" distro. |
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