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are the backups in 0.6.0 for windows encrypted?
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i'm new to bitcoin so still learning. how are things like the progress bar usually addressed? is it community driven or does gavin get to decide whatever he wants? In practice, Gavin does what he wants, usually with all other developers in agreement or at least neutral. The recent P2SH argument was the rare exception, and neither side really had more developer support than the other. thats not how i read it. |
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While the likes of Square, PayPal, Mobile Network Operators and others might think they can circumvent the current bank and payments infrastructure with the 'cloud' or IP networks, the reality is that the need for auditability, security and cross-border interoperability means that complete circumvention of the banking system isn't going to happen in the next few years.
Movenbank, Simple, PayPal, Square, Dwolla, BitCoin and others are working at disrupting not the networks or infrastructure, but the friction in the system. - http://www.finextra.com/community/FullBlog.aspx?blogid=6350these new players are us; the early adopters. |
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Given the US financial crises was precipitated by the blow-up of trillions of dollars in intricate housing bank loans, some may say a pyramid, and the Euro crises a similar situation in govt. loans, the evidence is clear that banks are pretty terrible at handling loans businesses also.
So they can't keep money safe, the primary role of a bank, they can't do loans very well, and they destroy currency value by centralising their failures .... remind me again what banks are good at?
making money in more ways than one. |
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Disabling the minimum fee still requires >.005BTC to send. I wanted to consolidate a wallet (the sending wallet contains .004BTC) out of OCD tendencies and ignore the fee (as I'm unable to pay it), but was prevented from doing so on the basis that I cannot cover the fee (even though I set it @ 0BTC).
minimum fee is 0.0005 BTC. eto already said you can modify the program to 0 fee. you just might get stuck tho. |
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i REALLY don't like this. see the high volume spike today on a down day which to me indicates distribution. coupled with the VIX move above. the $DXY was actually down -0.5% today which should've sparked a much bigger rally in the Dow but didn't. AAPL finished marginally down. even more interesting is my double levered VIX play VXZ was UP 1.01% which over the last month has been a leading indicator. UST's look to me to be bottoming and if they start rising along with the USD would be indicative of deflation returning. as silverbox said, gold and silver made an impressive recovery from the early morning when gold was down about $12 before rallying. i remain unconvinced. today was triple witching as well which will finish up some trades. next week should be real exciting.  |
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oh so close.
the VIX had the temerity to spike all the way down to 13.66 which we haven't seen since 6/20/07. amazing.
i think next week will has the potential to tell the story of the US economy for the next 4 years.
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"The Greek parliament recently passed a law encouraging “alternative forms of entrepreneurship and local development”, including exchange networks such as Volos’s, giving them official non-profit status for tax purposes."
its time for a Bitcoin exchange to set up in Greece.
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Actually the market reaction to the default is quite positive, this again proved my observation, that writing off a debt will not hurt economy, since those money has been spent long time ago, it is those who loaned out money get loss, this in turn will encourage borrowing and discourage loaning
except that those loans are kept on the asset side of the balance sheets of whoever lent the money. once they get written off that leaves a big hole on the asset side and could result in insolvency. these debt write offs are deflationary as they are decreasing the total amount of debt money in the system. someone has to take the loss and right now it looks like the banks. Thanks for point out it is deflationary, and following this thought, isn't that a good thing? In a deflationary environment, the central bank get more freedom to increase money supply In the old time, the new investment depends on the savings that banks have, but now, it depends on the central bank's easing. How can commercial banks get new money? It can only come from the central bank, nowhere else By the way, central bank some times reduce money in circulation by selling assets, this kind of operation also have similar impact as write off debts, the only difference is the latter do not have those assets. But anyway those assets are tools for the central bank, not really counted as consumable wealth, only a reserve if your theories about debt were all so good, why are we having so much suffering around the world right now? look at Greece, Ireland, Iceland, other PIGS, and even our debt problems here in the US? why have we had 2 major stock crashes in the last 12 y and a bursting of a major housing bubble which has impoverished so many Americans and is starting to do the same in Australia, Canada, and China? why are so many ppl willing to invest in the Armageddon trade of gold/silver? is it perhaps b/c all that money printing you advocate is devaluing their money? |
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File this one under "you can't win."
I fired up the new client after several days, the progress bar immediately went to 99%, and stayed there for the next ten minutes. I guess some people found the old behavior confusing, but of what use is this behavior?
I should call you "Lazarus". Welcome back. Isn't lazarus the pizza guy? |
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anything that gobbles up 1.5G or RAM to send
one BTC isn't usable in the real world.
Opinions are nice, let me share mine. Armory is hands-down, without a doubt, the absolute best Bitcoin client in existence. All my Bitcoins are now on Armory wallets. The security provided by offline transactions is priceless to me, and if it was the ONLY difference between Armory and the Satoshi client, it would be enough for me. Offline transactions work for the average user right now! I wish I could say the same for P2SH. Armory could use 16 GB of ram and I would upgrade my computer in order to be able to use it, because the security provided by offline transactions is priceless. Plus, being able to view my balances and transactions using offline wallets without worrying a bit about security is downright convenient. When the real world is full of hackers and thieves, any client without offline transactions isn't usable in the real world.  this is exactly right. |
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this will definitely be interesting. nice intraday reversal on high volume.  You sure its not profit taking after 5 up days and a new all time 600 high? all parabolas end badly. for heavens sake, Apple is almost larger than the entire retail sector now. i think they are also 25% of the Nasdaq or something like that? larger than most countries GDP. thats inflations for you. |
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Armory is getting dangerously close to being useful  And the insult of the year award goes to... znort987! Not meant as an insult in any way. Great potential, great and fast progress, but as of today, featurewise, not yet a match for the satoshi client. elaborate. |
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this will definitely be interesting. nice intraday reversal on high volume. |
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why does the Sourceforge link say 0.5.2 for win 32?
the choices below don't indicate a 0.5.3 win 64 bit version as far as i can see.
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Bank could satisfy the human's nature of seeking safety and saving, and at business level they provide the most important driven power of economy -- loan
Since BTC is not good at issueing loans, it will not replace banks in any foreseeable future, it must find a better usage to be more attractive, currently the biggest benefit I think is to transfer money internationally without passing through bank/forex (save at least 3%), but that function is still limited, and those who need this functionality typically have millions of dollar to transfer, that will shake the exchange rate greatly
And the client is still difficult to use, downloading the block chain takes too long time
if you somehow think the avg citizen benefits from this system i think you are wrong. any system that allows 0.01% of the populace to have a monopoly over printing money for its own benefit will be attacked over the long run by the majority. of course this doesn't stop speculators or freeloaders from figuring out the nuances of the present system and trying to piggyback off its unequal tendencies but for the majority of us who don't cheat we won't stand for this. |
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Actually the market reaction to the default is quite positive, this again proved my observation, that writing off a debt will not hurt economy, since those money has been spent long time ago, it is those who loaned out money get loss, this in turn will encourage borrowing and discourage loaning
except that those loans are kept on the asset side of the balance sheets of whoever lent the money. once they get written off that leaves a big hole on the asset side and could result in insolvency. these debt write offs are deflationary as they are decreasing the total amount of debt money in the system. someone has to take the loss and right now it looks like the banks. |
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