Gavin said something that is very true. You cannot fall back on a system where a benevolent dictator makes all the final decisions, like it was done when he was still the Lead maintainer, as he called it. Why? Because that person can get run down by a truck as he put it and you will have a leadership void.
I just know one thing, the status quo is not working and needs to be improved. If workshops is the answer for this, then we have to explore it, before we wipe it off the table as a possible solution. That is one way of doing it, and we need to explore it.
The workshop at least give more that 5 people a opportunity to state their case and to raise their concerns. ^hmf^
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There is not a lot you can do, if government regulations sabotage progress. You are forced to exclude people who are governed by those states. Let's just hope they <NY> see the error in their judgement and drop all these silly regulations.
The rich people, like the Winkelvoss Twins will find ways to enter, like they did with the Gemini project. The other slaves will just have to follow the master's rules.
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"a recent Goldman Sachs survey revealed that about 51% of the U.S. millennials had never used bitcoin and did not plan to do so in the future." I wonder why? The whole argument about Bitcoin volatility will soon be a non-issue once Bitcoin is distributed to more people as it goes mainstream. A few smaller whales can currently shift the market with small amounts, but as more Bitcoin is released and sold to more people, things will settle down and Bitcoin will become less volatile. ^I hope^ Let's not forget that most startup projects goes through the same volatility in the early days.
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I am all in for a debate on this subject and just hope they sell popcorn at the venue. You cannot miss this opportunity to rub shoulders with the main peanuts in Bitcoin. In the left corner we have Bitcoin Core weighing in at 6000 supporters and in the right corner we have Bitcoin XT weighing in at 700 supporters. Let's get ready to rumble! Anyone think it will be a fair fight? The referee for the fight will be ? ^puzzled^
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Wow this is a difficult question. The whole Bitcoin system is based on a mutualistic symbiotic relationship, so if any of these relationships fail, the whole system collapse. To give any of these role players more weight, would disrupt the relationship with the others.
The primary host for the rest to feed from comes from the Bitcoin holders, but without all of the other role-players the system will fail and the host will die. The only problem is, how do you implement something fool proof to give the host more voting power in Bitcoin?
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This is not good for Bitcoin, because it should be the other way around. Gold investors should be selling their gold and investing in Bitcoin. If only 15% of the global investments in gold was invested in Bitcoin, we would have seen a incredible jump upwards in the price. Go do the math ^hmm^
I know everyone runs to gold as a better store of value to hedge against volatility in uncertain markets, but times are changing and Bitcoin will soon replace gold as a primary store of value. We will see much less volatility once it goes mainstream.
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How glad am I for not having to play with someones balls to operate a Bitcoin business in my country. ^joke^ The BitLicense should influence access to ATM's for those companies that own and operate Bitcoin ATM's in NY. If they did not apply for the ShitLicense they would have to stop operating there and the users will be forced to use exchanges to get their Bitcoin.
LocalBitcoins.com also have no listing of people offering services in NY for the same reason. So it has to have a influence on the New Yorkers. A perfect example of corrupt government officials in action, to fill their own pockets and to protect the rich. ^hmmm^
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If you do it in the way Freebitco.in is doing it, you might just get away with it. They have a donation option in the faucet and people donate some of their free Satoshi to it. They then use BitPay as a proof of payment : https://bitpay.com/invoice?id=MPXZFRLaCDANerD8asDZcm which can be used as proof for tax purposes too. You might follow this example, and try to claim that back from Tax? The tricky part is, some of that comes from the users, even though it's Ad company income being re-distributed for charity. ^hmf^
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I agree with this. I had a hard time explaining Bitcoin to a friend of mine and he has been in IT for 23 years. ^Whoa^ There are so much FUD being spread around by Shills and Bitcoin haters, that people will get confused with what is fake and what is facts.
These guys have done a great job to bring 4000 people to Bitcoin, even though it was due to a push factor and necessity, rather than pure curiosity. I would have liked to hear from some of those people and how Bitcoin saved their business after the credit card companies stopped supporting BackPage. ^thrilled^
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Here I am, reporting for duty. ^enjoy^
Username: Kakmakr Member Rank: Sr. Member Post Count: 573 BTC Address: 1GGimGZqda22MwixTUznd72ddeSwziQJY
Thanks for the invitation.
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I just thought about this in the reverse the other day. I like to pay my accounts in advance to build a credit balance for the time when I go on holiday in the Summer. In doing this, I have no hassles when I go on holiday and the bills gets paid from the credit.
If I did this with Bitcoin, I would run into trouble if the price dropped or crashed during my holiday and I would have to deposit more coins to make up the difference from the time I paid it, until the time when it gets deducted.
The opposite is also true when the price goes to the moon. My one payment might be enough to pay for two or three months, if it spiked. ^hmm^
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I know exactly how you feel. A few years ago I got into a <network marketing> thing, and I did very well. When I felt it was safe, I introduced my family to it because I received good monthly payment for 13 months and I already reached ROI and made a huge profit.
They entered into it, based on my success and they invested $1000 each. After two months it turned out to be a very clever Ponzi scheme and they lost almost everything when it collapsed. I took my profits and divided it between them to make up for their loss. In the end, I made the biggest loss of all of them, because I had to re-fund them from my savings.
I did not have to do that, but I felt it was the right thing to do at the time. They think everything I do now, is too high risk for them, and they do not want to listen to anything when I talk about Bitcoin.
I know Bitcoin is not a Ponzi and I accepted that they will never believe me again. I just hope I can prove them wrong with this in the future. My advice to you, would be to discuss the risks involved with any investment before you discuss it with your family or friends. If they know about the risk, they cannot hold you responsible for the loss.
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I think the entry-level Bitcoiner should be assisted at the point of entry, to make it a seamless experience when they visit the ATM. It is a very complex process when someone try to buy Bitcoin at a ATM for the first time. We need someone to create a central call center, to assist newbies with information and to make entry into Bitcoin safe and easy.
They have to link these ATM's to these call centers like Andreas suggested. In the USA it's too complex to adhere to all these KYC regulations and this makes adoption too difficult for a first time user.
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It's already out there. I doubt the community can do anything if the miners support it.
Wrong.... Miners can fork bitcoin to raise block rewards. Does not mean they will because users, exchanges and service providers wont adopt their fork. Bitcoin economy system isnt about mining. Ofcourse if a BIP gives power to one group, that group will support it. The miners is a very important part of the Bitcoin network, and they should have a more active role in the Bitcoin development. I am more worried about the control we are giving to the GovCoin groupies for their financial gain. Let's be objective, without the miners there will be no Bitcoin network. I also believe they have too much power, but say what you want, we need them to be able to use Bitcoin. The best solution would have been to develop a system where everyone could vote on this, but then the Chinese will win.
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So you think gender has any reference when it comes to money? Man and women both use money, why would Bitcoin be different? I have met a lot of women that use Bitcoin :- example http://olga-star.com/My wife and daughter also use Bitcoin and most of their female friends. So I do not know why gender needs to be a issue. It is actually wrong to think Bitcoin is only a Man thing, everyone use money.
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I have created a offline paper wallet today and deposited some btc in it and save that paper wallet to my pen drive plus take out a print of it.
Will my paper wallet become safe ?
Nothing is 100% safe but you've taken precautions. Creating it offline is good practice. You should be fine, maybe laminate the paper wallet & hide it somewhere. I created my paper wallets offline, every now & again I type the public keys into a block explorer to check the balances & 'all ok' so far. My computer where I have generated it , it have Net protecter Anti virus . So, if I access internet on my pc, is there any chances to get my private key get revealed ? I don't have much experience using paper wallet . The type of Anti-virus you use, does not give you 100% protection against all backdoors or Trojan Horse or key loggers. None of them are 100% safe, even if they say so. Go to a second hand shop, if you do not have a old computer and buy the cheapest computer you can get. Go to bitaddress.org and save the page as a complete webpage on a flash drive on your primary computer. Then transfer these files to the old cheap computer you bought, and open the file offline. <Do not connect that computer to the internet> Create as many paper wallets as you might need from that computer, and physically destroy the harddrive, after you print it. If you will not go onto the internet with that computer ever again, you could still keep it, to print more for your friends and family. I got a old computer and a printer from a friend, that they wanted to throw away. So I paid nothing for it. It might sound a bit overkill, but if you are going to store say 10 000 Bitcoins in a paper wallet... you will not be bothered to spend say $20 on a old outdated computer for this purpose. Keep the paper wallets laminated and a copy in another location in a safe place.
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Strange how things work... Bing incorporate Bitcoin payments if you use it and Google ban you if you use it. They are known to work closely with the spy agencies in America, so I do not use them at all. In one of the Vice documentaries about North Korea, they visited a IT centre and people were sitting in front of computers, looking busy. The one guy had the Google search page open, but he was just staring at the page.
It's ironic how they would use that to try and fool the American basketball team that visited them. The company that collect all your activity and passing it on to the American agencies.
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The important part for this to happen is this :
" For bitcoin to be considered an efficient store of value, the price of it would need to start rising and stay relatively consistent rather than having significant volatility. "
Yes it's price did rise from nearly zero in the early days to where it's now at $200+ but the current investors did not come in at that price. They start investment now, and the price volatility will scare them off now. The Willy bot peak of $1000+ was a once off bubble, and we will not see that happening soon.
We need a slow and steady increase of the price in the long term. ^hmf^
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I am also busy with a T-shirt campaign and will release it's pro's and con's soon. It's all about the message guys. We have very funky prints and people want something funny and fresh. These T-shirts are a bit dull. I would suggest you add a little humor to the design or something serious like, << Bitcoin takes Money digital >>
It's crazy how much stock you have to carry for all the sizes, or do you manufacture on order? We only do the local markets and nothing online, because this is still a kids project from home. < Entrepreneurs Day >
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Care to share how you earned that Bitcoin? To help you, we would need a bit more information:
~ What skills do you have < Graphic design and so on > ~ Any other restrictions other that your age ~ What do you have to sell? <Digital goods like old unused games> ~ How much do you know about trading and stock markets? <Skill level>
Create a short CV to help us steer you in the right direction. <Leave out the personal details for obvious reasons>
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