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The current moving Bitcoin economy could probably survive using a single Bitcoin.
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(the people are wonderful and detest their government, my friend had gotten a visa to move to the US which is why I decided to finally visit; it was now or never).
From one oppressive government to another... at least he is used to hating his government, he'll fit in well here |
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Ok, with Bitfloor gone....what is the cheapest one now?
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Bitfloor used to allow free funding of your account using ING Direct's person to person feature.
Do any other exchanges accept that?
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I usually recommend people keep gold for long term investments and pick up Bitcoin as a commodity IPO. High reward potential but still some risk. And I tell them to get ready to start using it as a daily currency once the BitInstant credit card comes out.
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1. Sit down at computer
2. Buy 10 Bitcoins with Visa card
3. Transfer 10 Bitcoins to new account
4. Call Visa "My Visa card was stolen"
5. Get money back for 10 Bitcoins.
6. Profit
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I named my child 1Lisa2xasj8sl28AlksSj6Sfw6sLKjs2LLsdfj2
Then tattooed the private key to the bottom of her foot as a baby.
When she is old enough to understand, she will get the coins.
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Hmm, I was going to buy some december Bitcoins for my family members for Christmas. May as well buy them now since they are only $13.70.
Who knows what the price may be by then.
If I bought them september Bitcoins they would be like "oh...how long have these things been sitting around?".
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Do we still use "Visa" cards or "American Express"?
Those are so old school...
Oh ya...and remember the "Federal Reserve Note"?
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Amazing how varied his understanding is in his previous posts too. Even the text is inconsistent, in some he can barely type while others are in well formatted html :/
trolled by a drunk |
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I cannot wait until the new product that our competitor, the Federal Reserve, comes out with to compete.
It should be awesome!
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We can all get very paranoid and do everything we can at the software level to secure our wallets and everything else related to security.
But if someone manipulates your hardware, you would likely never know.
Are there any ways to counter something like this occurring? Someone at Intel could stick a private key reader into the chip and everyone who uses that chip from then on would be screwed.
Or someone could add a chip to the computers as they sit in a huge server room. Or even someone at UPS or FedEx.
I only have indirect knowledge of such attacks but am wondering if others have considered this.
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It would be beneficial for someone to come in behind Bitcoin and offer up a small reward based project that can utilize older mining machines which are of less use because people have moved on to faster machines.
There will likely be a bunch of GPU machines out there that will be outdated when it comes to mining. Just as CPU mining reverted to being people's regular computers.
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There is a project out there called Internet that uses a lot of CPU.
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The September announcement is related to this post: I've said that I think the download-and-install-software-on-your-PC is a mostly-dead way of using software, and that the vast majority of people using Bitcoin in a year or three will be using it via a web application or on their smart phone. That's half of the reason why I don't think improving the UI is a high priority right now (the other half is because I think solving wallet security and backup issues is critical).
...
RE: funding development: funding open source software projects is tricky; if done poorly you end up with a couple of paid developers and lots of disappointed unpaid former contributors who decide "I'm not gonna work if I'm not gonna get paid."
That said... stay tuned, and I'll say more when I can.
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I had also heard it was from a popular game or cartoon character.
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In my country, you do not mine bitcoins...bitcoins mine YOU!
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I was thinking something more automated and web based. Like a regular exchange where you could log in and get the current exchange rate. The rate would be based upon your preferences such as high level of trust, speed, or rate. People who are willing to trade can set up automatic rate changes to move with the price automatically instead of needing to be on chat saying "I'll give you X for Y". You just set up your exchange abilities (Dwolla, direct deposit, Wells-Fargo, ING, etc) and the rate you are willing to trade and let the server take care of changes in price and all of the rest. It would be just like logging into MtGox but your money could be traded by several different people. You would rate your experience afterwards to let people know how trustworthy someone is. |
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After posting a message about exchanging BTC and getting several PMs from people willing to exchange, it would seem reasonable that a centralized place
with ratings on all of these people willing to trade would be very useful.
I know there are IRC sites and a subforum here.
But it would be good to be able to go to a website where people could build up their ratings, get verified by the site owner, allow each user to come up with their
own methods of currency transfer and let the user search based on what they feel is most important (trust rating, speed, exchange rate, etc).
Plus there would be know way for the exchange to get hacked because everyone would have their own wallets and their own money transfer methods.
Sure, there would be a few scammers that would make out with someone's BTC, but you would choose what level of risk you are willing to put up with.
Thoughts?
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