I've never come across a lease contract that stated any safety guarantees. Of course, there's little to no profit incentive to include them. Ultimately, landlords profit when affordable housing is scarce. Few inhabitants of an unsafe building will find a safer, affordable alternative. So, if a landlord starts touting the safety of his building in comparison to others, it will just be to raise his rates. Because renters have so little recourse, the landlords of unsafe buildings have little to no profit incentive to reduce rates or improve safety. Under capitalism though, profit make the situation okay.
Are you saying that landlords consciously or unconsciously want to keep supply low to drive up prices? Do you realize that this situation creates an opportunity for someone else to come in and satisfy the market demand at lower prices? I guess that doesn't really mesh with your world view, though. |
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If doing so manually is feasible, there's something similar in the U.S. called MoneyPak. Could you give a manual operator enough information to verify the card, but not redeem it? That would eliminate some need of trust, and might allow you to contract out the setup for BTC.
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This is a fantastic way of buying Bitcoins. Am I correct in assuming that MoneyPak is anonymous? According to their website, you only need to divulge personal information if you fund a PayPal account with more than $250 per year.
Whenever I've purchased MoneyPak, it's been completely anonymous. The store clerk took the cash and handed me the card. There were never any questions asked or paperwork to fill out. Also, the MoneyPak site says that it costs $4.95 or less. When is it less?
It's always been $4.95 for me I can confirm both of these things about MoneyPak. Additionally, from the MoneyPak site: You can add any amount from $20 to $500 onto a MoneyPak at most retailers. You can add up to $1,100 at Walmart. How much money can I fund my PayPal account using MoneyPak?
Your starting limit is $250 a year. You can fund up to $2,000 a month by providing your name, address, date of birth and Social Security Number. Green Dot will collect, verify and record this information on behalf of PayPal. This information WILL NOT be used for a credit check or marketing purposes. |
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You do need energy. Only right now the amount of energy that is takes to extract energy resources is higher than it has ever been in our history.
This is significant. Especially if you disagree with this statement, I highly recommend watching this series of videos - "The greatest shortcoming of the human race is our inability to understand the exponential function". |
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who is using that definition ?
board search points only to you.
Try just "deflationary". I got 3 pages of hits. It seems to me that it's "common knowledge" that Bitcoin is deflationary. Perhaps it's a viewpoint only held by a vocal minority, but it does not seem that way. The monetary deflation of both gold and Bitcoin is (will be) insignificant. What people are talking about is falling prices from economic growth which has nothing to do with deflating the money supply but is still confusingly called "price deflation".
Do people not realize that price deflation can occur even while using a currency that undergoes monetary inflation? A good example is the technology sector, priced in USD. Additionally, the only reason we see price deflation today is that prices are set in USD and converted to Bitcoin. Since Bitcoin is growing in strength relative to the dollar, it gives the appearance that prices are decreasing. Once prices are set and denominated in BTC, I think most of this will go away. |
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How can you create a special recipient address? Isn't the address basically a public key (which should not allow to simply craft specific keys). Which algo is used for the asym. encryption btw?
From the wiki: Addresses
A bitcoin address is in fact the hash of a ECDSA public key, computed this way:
Version = 1 byte of 0 (zero); on the test network, this is 1 byte of 111
Key hash = Version concatenated with RIPEMD-160(SHA-256(public key))
Checksum = 1st 4 bytes of SHA-256(SHA-256(Key hash))
Bitcoin Address = Base58Encode(Key hash concatenated with Checksum) There is no encryption in Bitcoin, only signing. ECDSA is used for this purpose, specifically secp256k1. |
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Yes, I (and everyone in my country) know what Denatured Alcohol is  . Actually, i have a bottle at my house right now - I use it to start fire in the stove. So you mean the excise tax - taxing the use of drugs... I was wondering what was that about. Well, the point is that denatured alcohol would not exist if it were not for the desire to tax alcohol consumption. For every other use, plain ethanol is preferable. It's only when you want to create two classes of ethanol "for consumption", "not for consumption", as a way to limit consumption without affecting the non consumptive uses, that denatured alcohol is useful. |
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I've seen this term used more and more to describe Bitcoin, and I really don't think it fits.
The supply of Bitcoins is inflating, though the rate of inflation is decreasing. Once ~21 million coins have been created, it is true that the currency will only experience monetary deflation.
However, gold is deflationary in exactly the same way. The supply of gold in the ground is finite, and as the easy gold is found and mined, the cost of mining the same amount of gold increases. The circulated supply of gold also deflates over time, due to natural processes causing minute amounts of gold to separate from the coin or bar.
Yet, does anyone refer to gold as a "deflationary currency"?
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And one usability comment:
Is "selected keys" the right way to go? Just selecting an amount of bitcoins to export/send seems like a better way to go (with a send-to-self transaction generated, if necessary, to create the right amount), with maybe an "advanced" option later that lets you select specific inputs to export/send. Yes, this is a very good idea, and what I had in mind as a way to manage separate pools of encrypted keys. You could either let Bitcoin choose keys as it does now to create a transaction, and leave it at "around the amount you entered", or do as you say, with a send to self transaction to get the exact amount. |
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Keys have a standard PEM format...
According to wikipedia and this site, PEM is specifically used for X.509 certifications (public keys). edit... Yeah, I don't think PEM is a good fit, though maybe something following that general convention... -----BEGIN BITCOIN PRIVATE KEY----- ... -----END BITCOIN PRIVATE KEY----- I would focus on use cases. I agree. 3. Export and remove selected keys from wallet, for moving to safe long-term storage in case the wallet is hacked; later, move the keys back to a wallet for spending. In addition to the uses for security, this use case would also work for transferring some coins between devices you own without having to do a transaction. For instance, if you wanted to transfer 100 BTC to your mobile device to spend, you could do so using this method. |
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Think about it like this... how would you acquire gold? There are three ways, ordered from most to least direct.
You can get some from the ground, by gold panning or mining. Bitcoin's equivalent is contributing computing power to the network and periodically being rewarded with some newly created coins.
You can accept gold as payment for goods or services, and the same for Bitcoin.
You can trade other currencies for gold, and also for Bitcoin.
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The PHP manual says that float=double.
Wouldn't gavin's solution of "float * 1e8" work?
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I'd suggest using a standard, existing format instead of inventing a new one.
I'm assuming this functionality is going to be exposed via JSON-RPC, at least at first. Why not have it return a JSON representation of the private keys? |
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The key pool is the pool of unused keys that solves the problem of invalidating backups on spends. Keypoololdest is the unix timestamp of the oldest key in the key pool. The way this can be used is to determine if a wallet's backups are out of date. If the newest backup is older than the oldest key in the pool, then a new backup should be created.
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Let's say they fork the chain. When they reconnect, they find out that their chain is shorter (less combined difficulty). What happens to the transactions in their chain? If they are rebroadcast, that might solve the problem. The only thing I see is that they would be unable to generate blocks at current difficulty. Perhaps their clients are smart enough to know when they are disconnected from the main network. When disconnected, blocks are generated at a lower difficulty, which is readjusted every N blocks where N is significantly less than 2016.
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Technically yes, we are in the inflationary stage of the bitcoin deployment. And yes, the number of bitcoins to be made is set at 21 million. However, we must assume that once all the bitcoins have been deployed there will be a slight rate of deflation as wallets are lost to the destruction of the media on which they are stored. Someone stores their wallet on a personal computer without an off-site backup and a natural disaster or accident destroys the data? All the bitcoins in that wallet are gone. So yes, bitcoins are ultimately deflationary. Once we hit 21 million we will only be able to destroy them.
That is true, but the rate of loss will be inversely proportional to their value. This deflation is quite mild compared to inflation via quantitative easing, interest rate manipulation, and fractional reserve banking. |
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I'd say convert to fiat and donate every X days or Y btc. Maybe 7 days or 250 btc?
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S3052, can you say how much you have collected so far? I would recommend using Charity Navigator to find a good place to send the donation. Perhaps we could choose a few candidates and have a poll, splitting it up based on popularity, or just choose a single one. edit... D'oh, thanks randomguy7. |
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I don't see how an employer is always an exploiter. Essentially, you are just indirectly paying him extra to facilitate your job. If you wish to avoid such a fee, facilitate yourself. It's that simple.
I think I may have a question that proponents of the Labor Theory of Value can't answer. I am a carpenter and I construct a chair. I sell the chair for 25 BTC to someone. If they turn around and sell that chair to someone else for 50 BTC, have they exploited me? It as saying I voluntarily work for him for 25 BTC per chair, and allow him to take a 25 BTC fee, or profit. |
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