So what is the fuzz all about? A small group of people who hate fat/black people left? Why would we want to care about that? It's not acceptable anywhere else, why do reddit need to tolerate it? You have the freedom to choose. VoAt has already started to moderate some OTHER stuff too, so it's just a question of time before they ban racism content. A “a censorship-free community platform” is a myth. If it was possible things like child porn and snuff content would be posted everywhere. Illegal stuff gets moderated, just deal with it.
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So we are now held randsom by the Chinese mining pools on the development level? To my knowledge they need more than 90% to have a say, not 60%. They are a bit biased in what they are asking for because it would benefit them. The Core developers need to balance the needs of the miners and the needs of the Bitcoin users. The Bitcoin Core VS Bitcoin XT is going to be a touch decision, if it comes down to that.
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The part that might be the most important is this : < Other "attractive features" of the technology include transaction irreversibility, near-instantaneous clearing and settlement and a reduced margin of error, as individual transactions are openly verified by a community of network users. > The problem with this is, we as the consumer will never see the benefit of these savings. The saving will benefit the shareholders and investors and the consumer will still be exploited with high fees.
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How will they incentivize people to pay with Bitcoin and not fiat or credit cards? I would offer a 5% discount on all tickets bought with Bitcoin or a FREE soda, if you show that you paid with Bitcoin. In future when this goes mainstream, movie theaters will have to employ less staff, because most tickets would be bought online. This is a saving for them and it might even reduce the ticket price for the consumer. Bitcoin can make things so much easier, if they do this the right way.
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I do not have a set selling price, but I would be tempted to sell around $1000 to $2000. On that price, I would have made a pretty good profit on the coins I have bought and I would rub it under the noses of the people who laughed at me, when I bought it. I would keep some, just for the small chance that it might go to the moon. $10 000 to $100 000. ^Hope^ Selling every coin at a high price, would be stupid.
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If your pension payout was calculated on a salary that you should not have received, due to corruption are you still eligible to receive it for the rest of your life? They should just recalculate the pension benefits given to all the corrupt officials and give them, what they should have paid out, without the corruption. How many of these corrupt officials, receive huge pensions monthly, based on incorrect salaries given to them, when they were still working? Greece is a wonderful country, but they have huge problems.
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It was on our local news too, and I have no sympathy for him. He knew what he was doing and being a teen makes no difference. If he was not guilty, why would he plead guilty on the charges brought against him? The Americans are doing anything in their power to prevent another 911 in their own country. I do not support any action, that may result in the murder of innocent people, not even the deaths caused by the indiscriminate bombing by the Americans. Do what you need to do, to prevent human fatalities.
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So nobody has generators / Solar powered UPS's / etc. etc? A huge solar flare or something similar could cause that, but there are still alternatives. We have many ways of generating alternative power. <Wind / Waves> We recently saw the "Power Wall" being introduced by Tesla and the technology to store electricity are getting better day by day. If the main power grid goes down, people would still be able to generate alternative electricity, totally removed from the main grid.
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Zimbabwe should first get rid of their biggest problem >> Robert Mugabe << When that is done, they should replace the whole government that was placed their by him. Then they can start to rebuild their country and their currency. I have visited them on two occasions and they have huge potential for tourism and economic growth. As long as Mugabe and his friends are ruling there, things will be bad for that country. Bitcoin will make very little difference, the people already use M-pesa.
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I look at it from this angle : Fiat is shifted with MC and with the right partner or service, Bitcoin could be shifted immediately, without the need for confirmation on the Blockchain. For example <Offchain> Xapo. So is speed still a issue, when you compare apples with apples? Secondly, MC is a vehicle for fiat money over the internet and Bitcoin in comparison use wallet providers to secure it. The vulnerability is not with Bitcoin but with the many different wallet providers being used. Compare apples with apples.
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I read everything up to your last post, and then it turned ridiculous. I could still agree with you about the going back into the history from the future to create a ground breaking new digital currency and then disappearing to cover your tracks, but the omnipotent God thing, was a bit over the top. Stop with the weed smoking, when you watching Terminator my friend. ^Ha Ha Ha^
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This is why I am still exited about Bitcoin and the blockchain. Every transaction I make leave a small fingerprint of my existance on the Blockchain. Long after I am gone, people would still be able to track my digital footprints. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 22HERTS claim to also be the first band, who sold their album for Bitcoin. <Popular believe, says it was 50cent> I like the idea, and many struggling artist would agree, not to pay $50 to a copyright service to recieve a little certificate with no value. The Blockchain does this virtually for free. In the example above, they used 0.0001 to do the same thing. At today's value = US $ 0.02343. What service would you use?
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I actually don't believe that bitcoin is going to gain widespread adoption. I don't expect everyone to get a wallet. At least, not in its current version. The majority of people don't want to know what finance is. They don't care how their bank account works so long as it does. They don't care how money gets from point A to point B so long as it does. Therefore, mass adoption will mean no one actually knows that they are relying on Bitcoin.
All these hot girls with thousands of followers are going to be BTC rich in the future... I can already see it. <You have hot girls on a live streamium and a tipping system built in for viewers to do live tipping> Like in a strip show, where the guys give cash, and the more they pay, the more clothing gets removed. The perv's will pay their salaries to these hot girls, to go completely naked. Stuff like this will happen, because people are getting bored with what is out there at the moment and they want a interactive experience within their own homes for more privacy. Who is going to pay me for the idea? I want royalties. Let the Satoshi's fly!
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Let the banks deal with financing loans and the safe keeping of valuables in vaults. There will always be a use for them, because they have security infrastructure in place to protect valuables . They should leave our personal savings alone, it only cause more animosity with the public, when they screw with that. I lost all trust in them with the last banking crysis. ^hate^
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What exactly is "shamwowed"? I looked it up on Google but all I got was Shamwow Super Absorbent Towels.
On a lighter note, you got lucky, I got this >> http://www.urbandictionary.com/define.php?term=Shamwow" To repeatedly strike a prostitute until she stops biting your tongue. " So I guess, the Chinese miners are doing the biting in this scenario. ^Just joking^ I have read all those articles and I am truly amazed and intrigued by the content. B.t.w I got the true meaning of Shamwowed in this instance.
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Yes, back in the 90's we played around with this http://www.pmail.com/ [ Internet's longest-serving PC e-mail system] It was free and the company I worked for at the time, were using Dos. Most of the people working there, thought it was a waste of time, but they laughed all the way to the bank, when the telephone cost was reduced by 67%. We became the hero's of the company and now everyone is using email. Bitcoin will follow the same path, and we will laugh at those who laughed at us. ^Ha Ha Ha^
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Of all of those, I value the opinion from Peter Thiel the most. He has a clue what a payment system should be and he has previous experience with his inputs in PayPal. Mark Cuban is arrogant and should stick to sport. I watched him on Shark tank, and when things gets a bit technical, he starts to loose the plot. He can be brilliant, but he needs someone to explain the tech in detail for him to grasp it. Warren Buffett will look like a fool in 5 years time, because his old school thoughts tie him down.
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They will bash Bitcoin, because they opened up a competing technology. I think it is called MasterPay. They are in the attack phase now, because the ignore strategy did not work. We are not going away, and we will disrupt their business model. Uhmmm we already did, for them to come up with this new instant payment system.
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This makes me think of the <Pinky and the Brain> animated series, where the brain wanted to rule the world. We would never know, but some underground organization might be behind it. The http://en.wikipedia.org/wiki/Illuminati had a hand in the fiat system, and they are brilliant and very clever people. Why not Crypto currencies? Where is the Kill SWITCH?
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