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This thread really bothers me.
Lets bet on your false title.
You pick N, if the price of GIGA drops N% each of the next 4 weeks you win, else I win. I'll give you 2-1 odds.
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cuz its gana look F'd up the 30 year chart 0 30 2 7 15 5 45 10... all the way up to 3457$ on year 30 ........ ofcousre the dollar would be what it use to be but still lol
I think you added some spaces mistakenly. It's going to be 0 30 27 155 4510 |
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He could set up a 'generate me a new donation address' button thing if he wanted to be a little safer. I'm interested to see what if anything anyone does anyway though. What are his opponents like?
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tbh ill deposit tomorrow for the 60btc gtd. im a tourney player and id love to play on btc sites also but seals need to write their own client if they want to grow as a site. im also a prgrammer so if anyone from seals is thinking about it pm me  If you want a warm up, we've got the .1BTC with a 5BTC guarantee in less than 2 hours (Saturday 6pm ET). |
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Though the answer to this question seems obvious to a bitcoin holder, miners may have a different opinion - and it's their vote that counts.
There is a tension between people who hold bitcoins and want deflation, and miners who want to earn more bitcoins.
The allure of more bitcoins per block is a delusion, but if enough miners agreed, then there is the slight possibility of a fork that could develop momentum - especially if bitcoin was floundering somewhat.
I suspect miners faced with a fork like this would simply choose to drop out and wait for low difficulty rather than pursuing an inflationary model - or maybe they'd mine both and wait for the winner.
No it isn't. We're paying them by accepting coins, if they don't make them how we want them we won't accept them. It is up to us (people who serve for coins). |
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Bitcoin is like an open source remittance network. Set up a BTC<-->Peso kiosk in Mexico City and now anyone with BTC can remit to Mexico, you are automatically in the network. When it gets bigger it will get bigger which will make it get bigger, limiter is... I don't know.
Most of remittance flow between the US and Mexico is in the direction of Mexico. Your kiosk in Mexico City would run out of Pesos fast. The local market price of btc would decline. Now they need to sell their btc elsewhere (in the US, for example). They need to either buy Pesos in the US and move them across the border, or move USD across the border and exchange them to Pesos. We are back to old-fashioned fiat remittance business. Bitcoin only made it more complicated and more expensive: you need to have means of moving fiat internationally anyway, so why bother with bitcoins? The only way btc remittance would ever work is if btc already is reasonably adopted in both countries (exchanges or ideally goods/services). The market can then absorb btc remittance without being moved significantly, and when it does you'll rely on arbitrage players to take care of things. Remittance can therefore never be a killer app for Bitcoin - it can only thrive where a diverse btc economy is already established. I can vouch it works between the US and Canada right now. I use it by simply exchanging between virtex and gox. No need for "remittance businesses". Sure, so that guy makes a few transfers a week the old way and gets a much better conversion rate. Once bitcoin is widely adopted you don't even need the kiosk. Earn coins, send coins, they spend coins. |
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Bitcoin is like an open source remittance network. Set up a BTC<-->Peso kiosk in Mexico City and now anyone with BTC can remit to Mexico, you are automatically in the network. When it gets bigger it will get bigger which will make it get bigger, limiter is... I don't know.
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Speculate to your hearts content while bitcoin is still unstable!
It will never be stable if we compare it to the USD or other fiat. It might stabilize around 1 bar of gold at some point in the future, though  Well, it will be exactly as stable in dollar terms as the dollar is in bitcoin terms. :-) |
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I get that x is time of day, but what is y?
volume in decibels? but seriously, units would be interesting to know. |
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Damn, I wish we had an economics forum here. Deflation is such an important topic, maybe there should be a sticky thread about it there.
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I agree it would spread to other markets, but I don't think the use cases I listed could possibly be better served by a non-cryptocurrency. Facebook credits etc. would all be heavily regulated and taxed by governments. Any centralized currency like e-gold etc. risks being shut down. Visa and Mastercard being used on Silk Road? Not in this lifetime. The network effect breaks down when we are talking about niches that simply cannot be served by regulated currencies.
Exactly. Everything they can do Bitcoin can do but everything Bitcoin can do they cannot necessarily do. For example, from the Food and Drug Administration: Current Drug Shortages Index The information provided in this section is provided voluntarily by manufacturers. FDA cannot require firms to report the reason for shortage or duration of the shortage or any other information about shortages. Want those life saving pharmaceuticals for a sick relative like your mother? It is well established that price controls, not even natural disasters like hurricanes, lead to shortages and shortages lead to rationing. The root cause for the current shortage of about 100 critical life saving pharmaceuticals is that the government has put in price controls. You are not going to be able to acquire them with Visa, Mastercard or Facebook credits. It will be interesting to see if governments continue to maintain any semblance of legitimacy among the general populous while larger and larger numbers of innocent people suffer and die because of their inane policies like these price controls on pharmaceuticals or roads. It's easier to stay loyal to something that is killing you, friends, and/or family when it's 'just the way it is' and other realities are only imagined. When other people stop dying and suffering because the black market can get them their drugs via bitcoin it's a lot harder to justify. If there is nothing technically wrong or an early and thorough gov crackdown it has to grow, maybe not to 'all' but so much bigger than now. |
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Thank you for your comment. That's your opinion. One question: Did you play? Part of the fun and profit is in winning the big prize, we don't think there is a chance of that since: 1. It is so easy to show that you have 10000 coins. 2. You didn't do it. |
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Btcontilt just reopened, they'll need some time. Don't wait to buy your bitcoin bankroll though, you can use them on our (Seals) mediocre software in the meantime.
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If silkroad was to go down people would just migrate to a silkroad equivalent. Their out there just now as well known and word will quickly get around.
Agree. With estimates at $200k worth of fees per month for them you'd expect some people to be waiting in the wings. It isn't like SR is a fluke, it's what happens when people have bitcoin. |
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what was the difficulty past 09->10 ?
It stayed at 1 for a long time and because that is the minimum difficulty blocks were actually found an average of longer than 10 minutes apart. When I discovered Bitcoin in early summer 2010 difficulty was 45, a few days later it made it's only max jump (4x) ever to 210. |
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We could Hide our bitcoin addresses inside spam messages like this: from spammimic.com
Can you decode the message below?
Dear Colleague , Thank-you for your interest in our newsletter . We will comply with all removal requests . This mail is being sent in compliance with Senate bill 2716 , Title 2 , Section 302 ! THIS IS NOT A GET RICH SCHEME . Why work for somebody else when you can become rich inside 61 DAYS ! Have you ever noticed society seems to be moving faster and faster & nobody is getting any younger . Well, now is your chance to capitalize on this . WE will help YOU decrease perceived waiting time by 140% & deliver goods right to the customer's doorstep . You are guaranteed to succeed because we take all the risk ! But don't believe us . Mr Ames of Kentucky tried us and says "My only problem now is where to park all my cars" . We are licensed to operate in all states . We BESEECH you - act now ! Sign up a friend and your friend will be rich too . Thanks ! Dear Cybercitizen ; You made the right decision when you signed up for our mailing list . If you no longer wish to receive our publications simply reply
with a Subject: of "REMOVE" and you will immediately be removed from our mailing list ! This mail is being sent in compliance with Senate bill 2516 , Title 4 , Section 309 . This is not a get rich scheme . Why work for somebody else when you can become rich as few as 44 months . Have you ever noticed society seems to be moving faster and faster plus people love convenience ! Well, now is your chance to capitalize on this ! We will help you increase customer response by 200% and turn your business into an E-BUSINESS . You can begin at absolutely no cost to you . But don't believe us . Mr Ames of Idaho tried us and says "Now I'm rich, Rich, RICH" . This offer is 100% legal ! We IMPLORE you - act now ! Sign up a friend and you get half off ! Thank-you for your serious consideration of our offer . Dear Salaryman ; You made the right decision when you signed up for our club . We will comply with all removal requests ! This mail is being sent in compliance with Senate bill 1626 ; Title 2 ; Section 304 . This is NOT unsolicited bulk mail ! Why work for somebody else when you can become rich within 77 weeks ! Have you ever noticed how many people you know are on the Internet and more people than ever are surfing the web ! Well, now is your chance to capitalize on this ! WE will help YOU turn your business into an E-BUSINESS and deliver goods right to the customer's doorstep ! You are guaranteed to succeed because we take all the risk ! But don't believe us . Ms Simpson of Wyoming tried us and says "Now I'm rich, Rich, RICH" ! We assure you that we operate within all applicable laws . We implore you - act now ! Sign up a friend and you'll get a discount of 50% . Thank-you for your serious consideration of our offer .
Reads like 19mzL3cAeuSdV76JSusNWBvDQaxMuihQKR to me |
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So the question then is: do you think federal reserve notes (as an example because our European equivalent is just the same) are fungible? Because if Bitcoins aren't the same is true for the bills in your wallet. Even more so as they are split in portions which are predetermined by a central issuer and numbered to be uniquely identifiable.
I think the answer here is that it is a matter of degrees. How fungible is something?
Sorry, but here you are flat out wrong. Greenbacks or euros are *far* more fungible than bitcoin. The reason is simple: if I give you a euro, only two persons ever know about that: you and me. If I send you a bitcoin, the whole word is immediately informed that the transaction took place, and the transaction is for ever recorded in the great immutable, shared bitcoin ledger in the cloud, which is available to all for all times for consultation. Suppose there was a list containing the time and amount of every cash transaction ever. Would it be useful for catching criminals? |
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...I mean what encyclopedia can just ignore 100000000 dollar thing?
One that's controlled by an alphabet agency that likes to be in control? This development seems bullish, in a slightly backhanded kind of way.  Presumably alfabet soup guys want to keep the credibility so they can exclude or slant other stuff. Being pig headed about something that has already arrived is futile. |
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.....What?
So, Wikipedia's position was that Bitcoin and foundation protocols held no historical significance?
Wow, I kind of think less of Wikipedia now.
Yeah, it was deleted pretty much as soon as interest in Bitcoin started to build. Obv thanks to anyone working at spreading bitcoin, but we missed any benefit a wiki article could have given us in the beginning and at this points it's totally unstoppable even without an advocate. I mean what encyclopedia can just ignore 100000000 dollar thing? |
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its about to crash .... this restarted Rich Newbie Buyer is the signal us bears have been waiting for. i sold more hehe, except there are a LOT of rich newbie buyers depositing on multiple exchanges in multiple currencies as we speak. =) yes... this is sad but true. No one can be a winner without the losers Is this your general life philosophy or just your economic philosophy? |
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