Really the naked short market is best used by Farmers and Miners who can sell forward their own future production to guarantee todays price for their commodities. When people say, "oh it's manipulation because more than a years supply of gold/silver is sold short into the market", I have to explain to them how futures markets work and you can sell forward 10 years!  |
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" How does the peer finding mechanism work? Bitcoin finds peers primarily by forwarding peer announcements within its own network and each node saves a database of peers that it's aware of, for future use. In order to bootstrap this process Bitcoin needs a list of initial peers, these can be provided manually but normally it obtains them by querying a set of DNS domain names which have automatically updated lists, if that doesn't work it falls back to a built-in list which is updated from time to time in new versions of the software. There is also an IRC based mechanism but it is disabled by default. " https://en.bitcoin.it/wiki/FAQ |
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Naked short selling should be illegal in most instances as it's fraud,
but borrowing coins (for a daily fee) to sell them, then buy then back later, is fine as it helps create a market.
But yeah, you need a regulated market, to make sure the borrower returns the coins.
Contracts for Difference (CFDs) are the best way for doing this, as you can get a court to uphold a contract.
I believe the Winklevoss Twins were trying to set up a Bitcoin derivative, but I've not heard a lot about it recently.
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Don't worry until you go over 90c, EU Lead Free solder starts to get brittle (XBox 360 ring of death etc.)
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I would only bother with these two..
Bitcoin (SHA256) can only be mined profitably on custom ASIC hardware (the Elites choice, and centralizing fast!)
and
LiteCoin (Scrypt) can still be mined on PCs (still the peoples printing press, and likely most decentralized)
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I think it would be awesome if could be... That would leave no one government in control of the world... Governments don't choose the currency, corporations decided what currency they accept, that's why communist countries have empty shelves. |
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Any computer with USB 2/3 ports can mine Bitcoin if you buy an ASIC. Some ASCIs don't even need a computer.
If you want to mine Bitcoins with CPU/GPU you've missed the boat. Try mining Litecoin instead.
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Still waiting for more info about the non x...
Nice, waiting for more info for R9 290 cards..... wattage
It's 2x7870s (2560 SPUs) on a single card that's all you need to know. The most power efficient card is the new 7990 (4096 SPUs) with 2x 8pin power. (effectivly 2x7970s with the power of a single 7970!) although this is slightly off-topic which is "the new" 7990? is it named 7990 or does it have a new name? is it more efficient thatn 7950s? maybe if the answer does not fit here, you could reply here https://bitcointalk.org/index.php?topic=315620.msg3526542#msg3526542 The new 7990 has the same name, you can only really tell it apart from the old one by the number of PCI-E Power connectors and that it's 2x wide instead of 3x wide. The old one has 3x 8-pin power, the new one has 2x 8-pin power. Yes it's more efficient than a 7950 by a long way, heck even 2x 7850s are more power efficient than a 7950. |
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it's more likely that the feds would be up my ass about the my btc instead of trying to track down and prosecute Jay Shore aka Coinabul. I wonder how many said that about Trendon T. Shavers (Pirateat40) aka Bitcoin Savings and Trust (BTCST)? “Fraudsters are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency to mislead investors and violate the federal securities laws,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office. http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.Un2pHuKFCCg |
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Still waiting for more info about the non x...
Nice, waiting for more info for R9 290 cards..... wattage
It's 2x7870s (2560 SPUs) on a single card that's all you need to know. The most power efficient card is the new 7990 (4096 SPUs) with 2x 8pin power. (effectivly 2x7970s with the power of a single 7970!) |
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Just sell something and say "accepting Bitcoin" that's the easiest way to get them.
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Some could decide to just burn millions of dollar - that would be the same. But with fiat money there is value behind that money (gold) Holy crap Batman the dollar has not been backed by gold since the USA defaulted on the Bretton Woods system in 1971 and Nixon closed the gold window! http://en.wikipedia.org/wiki/Bretton_Woods_systemFiat dollars are backed by debt! (Someone with a debt is desperate to earn a debt note back from you to extinguish their debt!) Debt as Money - http://www.youtube.com/watch?v=jqvKjsIxT_8 |
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If you try to buy up all the bitcoins it just pushes up the price, and if you destroy them, well it just makes mine worth more! Did you never see James Bond Goldfinger? There's 8 decimal places behind each bitcoin that's a lot spare capacity. |
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You will find most miners keep their equipment running, even at a loss, banking on the price increase in Bitcoin at a future date.
It was always a good time to mine yesterday.
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You do have to report capital gains!  Otherwise you'll end up like Peter Schiff's dad, in prison for not paying your taxes! Once you sell bitcoins for profit and turn them back into fiat $ that's a capital gain. (you can offset it against your losses though) What will blow peoples minds...USA even taxes barter trades! If you run a bitcoin only store in the US you will still have to pay taxes even if no $ change hands! |
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In general, inventors cannot think of all the future cases, I believe. I don't think, that the inventor of the motor-engine ever thought of CO2 emissions and such things ppl care about today (climate change is nature by the way) :-) whatever This is going to blow your brain!...CO2 is the air you breathe out after you extract Oxygen from it. Plants take in CO2 to grow and give out Oxygen. (The carbon cycle!) Excess CO2 causes taller trees and animals, like they had in the times of Dinosaurs! but wait there is more... The enviro-mentalists forced us to put catalytic converters onto our cars made from a metal more expensive than gold (platinum) to turn nasty Carbon Monoxide into safe Carbon Dioxide! To top it off the sea has been rising since the last ice age, long before man got industrialized England used to be connected to France and stone age people lived on the bit in between where now there is sea! I think this is the real reason behind it... If you tax CO2, you've got a breathing tax! |
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Then, by your logic, you need choose new alternative coin My logic is undeniable. A Peer-2-Peer network is an exponential function http://youtu.be/9SOSfRNCQZQ?t=5m6sit would create more traffic than the internet could handle if everyone used Bitcoin-Qt to maintain their own wallet. When you use a 3rd party wallet that is (Server-Client) centralization and you are back to trusting a bank not to steal from you.  |
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Install Ubuntu Linux with encrypted user directories onto a large bootable USB stick Install Bitcoin-QT Encrypt wallet Only use this for dealing with Bitcoins Finally chuck the memory stick in fireproof safe when not in use.  |
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Yes we will be buying goods and services in Satoshis (The Bitcoin Inventors Name) The guy was a frikin genius, don't you think he planned it this way?
Bitcoin will become more centralized by this time because the blockchain will require Google Super computers to store all the transactions.
If this bothers you use and promote Litecoin which is more focused on keeping the network and coin production in the hands of the people.
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