i think i asked this right at the start of the thread somewhere but would like to ask again... is there a maximum allowable account balance?
If there is, it's OVER 9000!11!!!111!!!!!!! It's at least 25kBTC. Wow, someone has that much?!  imagine how many GH/s you'd need to earn 250 btc per day with mining! |
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i think i asked this right at the start of the thread somewhere but would like to ask again... is there a maximum allowable account balance?
If there is, it's OVER 9000!11!!!111!!!!!!! just taking a guess, i would have thought 'ineededausername' among other whales might have 9000 btc easy. so i'm still curious if anything's changed since november. |
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i think i asked this right at the start of the thread somewhere but would like to ask again... is there a maximum allowable account balance?
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i highly recommend spendbitcoins.com, even though it's not particularly cheap... but it's worth it for the convenience and security of going with a trusted operator.
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To varying degrees "bitcoin denominated money" is not a complete substitute for real bitcoins. The amount and quality of BDM will be determined by the market. If people somehow value BDM that will obviously never be repaid "deposit 1BTC and get 10 happy coins fully redeemable for bitcoins!" then there may well be tons of it, but that crap won't affect me much.
A major difference from what we're used to is that when people get burned by bad BDM it is on them and the whole of users don't have to pay via bailouts. This will give very strong incentive for people to hold their own real coins or thoroughly vet providers of BDM.
yeah of course... even in the example linked to, ~1800 of bdm only had a market value of 100 btc. |
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Now that your auction has ended I shall ask the question..... as I am quite interested in this hole lending/borrowing process for various reasons........ (Im not interested in borrowing)
Anyways if the fellow owes you like ~$10k and you know who he is etc etc why dont you go 'get' the money off him ?
I am confused by what seems to be going on.... no offence to anyone, I am new here.. and just observing... =)
not sure if you asking me or kluge, but i didn't go get the money off him because a) i didn't believe he physically had the money/assets to cover the debt, and b) it's a very long, very expensive flight just to turn up at someone's house with a mean look on my face... then what? |
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Vlad goes a bit further than the other "ASIC developers", he wants to keep it for himself and move to an expensive penthouse.
that's why i like vlad What is there so much to like about greed and the desire to confine all the rest of the "garage" miners to get out of the game  what's not to like about such an ambitious nature? |
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I'm not quite sure what kind of criteria you are using. Your choices are possible scam or mathematically proven? For example http://betcoin.eu has been around a while. I imagine maybe the operator got bored and just let it run on it's own. Who knows, maybe he'll be back in this forum again (I think it's been a while since he signed on). But is it a possible scam? It's possible. Likely? Who knows. I guess that get's at my question about the criteria. I know exactly how to make a program that works exactly like http://betcoin.eu but can give fake payouts to me every so often. That doesn't make http://betcoin.eu a scam though. But proven? i think the same about bitcointoss... sure there's no admin around but i've been paid the two the small bets i've won. seems harsh if there's just some error on the site to call it a scam if the admin's away. |
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Vlad goes a bit further than the other "ASIC developers", he wants to keep it for himself and move to an expensive penthouse.
that's why i like vlad |
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Hehehe, didn't thought about it, but I believe a 0,5 btc increment should be reasonable! BTW I still have that Bitcoin QR related site you once asked me about, on sale!. This time this is an auction, not an open sale so the domains goes at the closing offer.
you mean the qr one is going to be under auction or are you just talking about the above domains? |
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BITCOINSHOWTO.COM
my first thought with this domain was: who are you going to show them to? what's the bid increment by the way? |
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(P.S. next year, you'd have $36m)
and pirate would have a new boat |
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The Meth and alcohol list would be even scarier.
i wonder how many murders have occurred after someone drank a glass of water |
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a person will ask themselves, "Why not just gamble on bitlotto instead of this unknown guy's site?" Which is a legitimate question.
maybe because they are bitcoin newbies who just happened to stumble across his lottery site first and have never heard of bitlotto |
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Also a good idea to prune your list a bit, many sites a now 404 (bittleships for eg).
what happened to bittleships? |
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Why is it such a problem if someone wants to hide their online status?
i didn't even realise you could hide your status... but thanks to the OP, i've now noticed the option in my profile settings. who wants to bet there's a large correlation between showing your online status and being a member of facebook. |
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How so? It's programmed to stop at 21 million, right?
the number of bitcoins yes, not the number of bitcoin-denominated money supply. let say the cap is 1 bitcoin, and the coin belongs to A. then A decides to lend it to B and so on until it's in the hands of E: A->B->C->D->E person E holds 1 bitcoin (can be used as money) A, B, C & D each hold a note that says "IOU 1 bitcoin" which can also be used as money.[1] total bitcoins: 1 total bitcoin economy: 5 btc the fact that B, C, D & E also have debt is irrelevant. if i am $1 in debt and have $1 in my pocket my net worth may be $0, but i can still physically spend that $1 wherever i want. both the debt and the dollar are part of the total economy. [1] https://bitcointalk.org/index.php?topic=74926That is true, only if it's possible to "lend" bitcoin. What you are describing is fractional reserve banking and is completely counter-productive to what bitcoin represents. read this forum. it's definitely possible to lend bitcoins, and the above has nothing to do with fractional reserve banking. fractional reserve would be if A lent his bitcoin to B and then B somehow lent a whole bitcoin to 3 different people: A->B B->C B->D B->E |
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How so? It's programmed to stop at 21 million, right?
the number of bitcoins yes, not the number of bitcoin-denominated money supply. let say the cap is 1 bitcoin, and the coin belongs to A. then A decides to lend it to B and so on until it's in the hands of E: A->B->C->D->E person E holds 1 bitcoin (can be used as money) A, B, C & D each hold a note that says "IOU 1 bitcoin" which can also be used as money.[1] total bitcoins: 1 total bitcoin economy: 5 btc the fact that B, C, D & E also have debt is irrelevant. if i am $1 in debt and have $1 in my pocket my net worth may be $0, but i can still physically spend that $1 wherever i want. both the debt and the dollar are part of the total economy. [1] https://bitcointalk.org/index.php?topic=74926 |
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theoretically, the demand for BTC will increase, because of so many new services available.
also, theoretically, the offer of BTC will decrease, as there is only a limited quantity of them around.
i believe as the deadline of 21 million will come closer, the value of the BTC will increase.
But, if the market for trading in bitcoins matures, banking with balances denominated in bitcoins will likely become available. In that case, why couldn't the supply of bitcoin-denominated money expand? i think the bitcoin-denominated money supply will continue to expand well beyond the 21 million bitcoins, but that doesn't make the cap any less important. |
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...you go around vehemently saying how much you hate scammers.
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