The user do not know that blocks needed to be download before using it.
Therefore, I am proposing that the client check other clients or the web for information about the number of blocks downloaded and then warn the user that recent transaction will not show up until all the blocks are downloaded.
I agree with this. I started another thread on this earlier too so this must be important. |
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Every newbie, I do mean every newbie, complains about the loading of the blocks on initial download of the bitcoin software. Can we have some soft of info bubble, popup, or something, anything to let newbies know they need to wait for the blocks to download? I think it would be very beneficial for newcomers.
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I disagee. Up, up, and away!
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No, haven't seen anyone clone Bittorrent, but who would want to do that and for what purpose? Maybe the SecondLife currency (LindenDollars) would be a better example? Many companies want to have such a market where they can control the currency and its purchasing power and that's why there are so many MMORPGs. (FYI, I don't have a SL account and don't know the SL economy at all but as long as people want to pay 'real' money for your digital currency the business is worth a lot).
Bitcoin is a P2P technology like Bittorrent. If companies want to control the currency then Bitcoin is not for them. |
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If Google or Facebook created a digital currency they would probably completely wipe Bitcoin out just by creating a market million times bigger than current BTC market.
It's only a matter of time, I think, that a corporation would create an initiative to copy Bitcoin. But, I think Bitcoin would remain competitive since it was the first. Here is a question for you. Has any corporation copied bittorrent? |
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Maybe creating Bitcoins is like mining. But not creating Bitcoin clones - this is rather like creating a truck of gold out of thin air.
You are more than welcome to take the open source software and create your own network. With a bit of marketing you can probably make it worth something. BTW, there is another bitcoin network, the test network, and people (developers) do trade bitcoins but they are worth a lot less. |
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Not an exact clone but something that serves the same purpose - a digital currency. If an alternative became popular enough (for example, a special version for the chinese market), wouldn't Bitcoin have to give a market share to that alternative, and wouldn't sellers want to accept payments both in BTC and in the chinese alt currency? This way, there would be more digital money in the market and their value would have to drop.
Normally, the first to market wins. Since bitcoin was first to market it has a very big head start. An analogy could be that bitcoin is like gold. And the next currency "x" could be silver. |
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How about the LSE (London Stock Exchange)?
I'd like to see if someone would do it at the NYSE first... |
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How many people watch this show?
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Everyone go grab a friend, call up an ex, and take them out for a drink! Time to celebrate!!!
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This is BIG news and everyone needs to know! Slashdot, Reddit, Digg, etc...!!! 
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Is there a reply available?
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Make a sandwich billboard saying "Stop The Fed! Use Bitcoins!" in large black letters (on both sides.) Wear a crazy outfit too. Go to the New York Stock Exchange on Wall St on a weekday preferably Mon to Thurs. Stand there from 8:00AM to 9:30AM (when people are arriving to work. Market opens at 9:30AM) Have flyers ready to hand out talking about bitcoins or refer them to bitcoin.org. http://maps.google.com/maps?ll=40.707466,-74.011143&spn=0,0.003449&z=18&lci=com.panoramio.all&layer=c&cbll=40.707466,-74.011148&cbp=12,0,,0,5&photoid=pg-x_8wVxww8yzZjma7klq0ygFeel good promoting bitcoins and get 100 BTC from me. Get a video as proof so I can pay you or try to make the daily news. Send the video and photos to me so I can post it on my blog. First to do it will get 100 bitcoins from me. *** This bounty expires March 1st 2011 *** *** Removed megaphone requirement *** *** Must not be done on a holiday (President's Day since the market is closed.) *** *** There is a bounty for a second person to do it on a different day. Read thread for details. *** |
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Yes, they are pretty low. I take pleasure from setting systems up so really it's all win in my eyes.
Nice, good to hear u enjoy what u r doing. |
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So you charge the 45 bitcoins primarily for labor costs? (Approx $35-$40). I would say your prices are pretty good.
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Is there support to connect to slush's pooled mining service? Pre-software install perhaps?
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This is actually not disinflation. It's called an increase in the money supply: http://en.wikipedia.org/wiki/Money_supplySo while inflation is not necessarily an incorrect term to use when referring to what an increase in the money supply is doing, it is too easily confused with price inflation. Sure ok. But I think the deceleration of inflation better explains why the price of bitcoin will increase even though there is inflation. The growth in money supply will decrease in half until there will be no more growth. If I knew there will be less bitcoins minted next year then then I would buy more this year. |
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How did you come up with 50%?
Well we're at about half of the first 4-year period. That means that the total amount of bitcoins will double in two years. Thus 50% a year. This is actually not inflation. It's called disinflation: http://en.wikipedia.org/wiki/Disinflation |
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How did you come up with 50%?
We don't have to expect a big correction a parity. Could go sky high!
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