That's a very interresting question. And I'm glad you asked. I don't know if it's like that in every countries but when you send a package for a product they will check the weight of the package and you can ask to write it in the box. Of course it still can be bypassed. With other site like ebay using paypal this still can be made, btw i'm working on this issue and if anyone have suggestion about it he's welcome  . I think an ebay-like feedback system would be the only viable way. could still be cheated but at least you have to pay escrow commission in order to fake a review. |
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arent all namecoin names right there in the blockchain?
why cant each client act as a local DNS server? or does it already?
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so you wanna create a central authority that answers requests according to a decentral network?
why have the decentral network in the first place?
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Bitcoin: A refrigerator for gold
not really. gold traditionally is a store of value in case established monetary systems collapse (see: spike because of financial crisis and devaluations of fiat currencies), and, for that reason still, to back monetary systems. central banks still hold large amounts. bitcoin needs infrastructure. in fact, very complex and vulnerable infrastructure. |
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I didnt mean to say gold will become worthless because of bitcoin, or that bitcoin > gold.
(in fact, I still believe it is far less likely that bitcoin will be adopted as a widespread form of payment than gold will "fall off a cliff")
I just dont see the rivalry. one has nothing to do with the other, gold wont be used for trade again.
You have to understand there is a major correlation. The reason gold trades at the value it does is primarily because people place a value on it. In most parts of the world gold is the symbol of wealth and money. It is the stuff of kings and empires. There is a huge value being placed on gold for those qualities. BUT that value ONLY exists if people think that gold = wealth. If that idea is ever lost, then gold will be like just any other metal and will trade primarily at the value placed on it by industrial consumers. I understand that. I don't understand how that contradicts anything I've said? |
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gold is backed by thousands of years of history.
Salt was backed by thousands of years of history ... until somebody invented the refrigerator. good. then calculate the likelihood of something like that happening in your lifetime, and there is your risk for gold. |
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Yes, I think the biggest fear they have is the fact that gold has been used as money for centuries. With that being said, gold gains a significant increase in value. Also for centuries mankind has used gold to show off wealth in the form of jewelry. The other major use of gold is to produce coins or bars which is obviously used for investing. The reason people invest it/hoard it is simply because at one point it was used as money.
If this idea that gold is money is ever put at jeopardy then guess what happens to the value of gold? Falls off a cliff. Bitcoin puts seep competition against gold because lets face it, bitcoins are finite, difficult to obtain, and easier to transfer than gold.
Just to put it into perspective: Bitcoin is the cubic zirconia of the diamond industry. Why buy a real diamond when you can buy a zirconia diamond at a fraction of the cost?
The only real uses for gold are in the dental industry, electronics industry and scientific industry which only consume about 10% of the mined production. The rest goes into investments or jewelry. Most of the world entire history of mined gold is still in existence (ie. not thrown away). This is because most of it is recycled.
I didnt mean to say gold will become worthless because of bitcoin, or that bitcoin > gold. (in fact, I still believe it is far less likely that bitcoin will be adopted as a widespread form of payment than gold will "fall off a cliff") I just dont see the rivalry. one has nothing to do with the other, gold wont be used for trade again. |
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gold is backed by thousands of years of history. Also, gold has some qualities that Bitcoin does not have. On the other hand, Bitcoin does have some qualities gold ddoes not have. They are complementary. right. I dont understand the negative reaction towards bitcoins by some goldbugs either. the only chance gold will ever be used for trade again is by receipts issued by a central authority. we've been there before. no authority can be trusted to not issue more receipts than gold was deposited. libertarian goldbugs should welcome it anyway as one competing currency among many. |
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guess what they use to buy bread.
hint: it's not bitcoins.
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gold is backed by thousands of years of history.
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you also might want to evaluate a security card like the ones interactivebrokers.com uses, which you could generate on signup for the user to print.
this would be pretty effective security at no cost.
the hacker would have to eavesdrop on hundreds of logins until he can successfully login once himself.
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Your going by traditional standards. How many fiat monetary systems do you know that are only 2 years old?
none. you don't have to take what I say as a criticism of bitcoin. it's just a fact that the current bitcoin value is speculation. for example, speculation that bitcoin will be adopted as a form of payment and the money supply will be a reasonable ratio to GDP and these BTC/USD prices one day be justified. but they aren't now. I don't see how you can interpret these values and claim that bitcoin isnt 99% speculators. remember that bitcoin can draw its value only from 2 things: demand from circulation and speculation. |
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no there isnt. if you look at other fiat monetary systems, the base money supply roughly around 30% of annual GDP. that would mean a bitcoin economy of 18mBTC or ~270m$. bitcoin is speculation as of now, and this forum proves it further. |
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Think before posting.
that's not going to do it. most ideas regarding the bitcoin technology are usually either met with "keep your stinking hands of my bitcoins" or "go fork the blockchain and 'fork' yourself" to have your idea implemented. this forum is about speculation instead of technology now and the attitude is very similar to other "investment" forums. which is no surprise, as bitcoin is about speculation right now, as there is no economy accepting bitcoin to speak of. |
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Needs some sex. I give it 4 days.
it's only a matter of time until there is a bitcoin prostitution story all over cable news. |
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How does this make any sense? Please explain, because I don't see what satoshi did being anything similar to Wikileaks from a legal standpoint.
we can only speculate about the motive, but if MtGox had access to the private keys of an address that contained never-used coins that were mined in april 2009 AND noone knew or used bitcoin in april 2009 except satoshi it would be evidence that MtGox is satoshi or knew satoshi. thus my questions about the timeline. |
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what's the exact timeline of bitcoin?
who knew about in april 2009, was there a website, was there a mining software publicly available?
is it known when the MtGox guy started with bitcoin?
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there seem to be no details yet, but if they plan on using a physical security device like brokers do this is a huge improvement and charging for it is entirely reasonable.
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...which also (almost) prooves he is still lying about a single 500kBTC account, when 430k seems to be their entire offline deposits.
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