While I can understand politics, I find it disturbing that we are being conditioned to care more for civilians in our own country than that of others.
I am of course talking about using drone strikes on people in other countries in the first place.
I agree that drone strikes shouldn't be used against anyone. However, if a government does not respect the lives of it's own people, how can you expect it to respect the lives of others? |
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maybe its time bitcoin supporters got some lobbyists of their own?
A lie can get half way around the world before the truth has got its pants on - some great politician a few years ago!
That is one reason for the bitcoin foundation. Become a member today. |
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So what is the smallest usable transaction that is possible with bitcoin?
Can this figure be made smaller or is that a hard fork problem?
You don't want to receive payments less than .0005 in general, but you might find payments as low as .00010001 useful. A hard fork will help the figure be even smaller but there is talk about lowering it before any hard fork happens. There is an option of waiting, maybe with time these transactions will be more valuable and the fee will be lower. That will make spending these transactions more valuable/possible. |
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anything paying less than 3 decmial place (.001) is promoting a screw job
Going forward remember this statement above. Here's about the only profitable way to spend these transactions: Take your 1 BTC payment and your .0000002 payment. When you want pay someone .03 BTC make a transaction that draws from the 1BTC and the .00000002 payment and pays out the .03 and the .97000002 as change then your .00000002 is incorporated into an input you can spend. Repeat when you want to send some one .05 btc and you'll have .92000004. If the coins are old you can get away with no fee. If the coins are new then there will still be a fee but it won't be more because of the extra input. |
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And learn how to spell his name. I would like to provide you a picture that is relevant to this question.  |
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That's entirely false, there are a few mining pools which have the majority of the power right now. They decide exclusively what protocol changes are adopted, not the actual end-users.
That's not working as intended, Satoshi intended for everyone to have equal voting rights, instead of delegating them to a few super powers (the pools).
I don't think you quite understand how mining works. Go ahead and start your own block chain and show us how well it will work. I'll be surprised if the price doesn't take a dive before your reward doubling event. |
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It would've kept mining feasible for a longer time for the average Joe, possibly helping boost interest.
But bitcoin is not about mining. People today should find a different way to earn their bitcoin income. Bitcoin today is not about mining, but if the reward structure was reversed it could've been. Perhaps the official client would've mined for you by default, strengthening the network at the same time to survive 51% attacks (opt-in of course). Think about it, we've had an exponential increase in number of people getting into bitcoin, but the biggest chunk has already been generated. We're probably at 0.1% of total global potential as far as bitcoin is concerned, but more than 50% of the coin is already out there. While the number of adopters is exponentially increasing, the supply is potentially exponentially decreasing. While this is a good thing for hoarders, I don't consider it healthy. Would've been a lot healthier if the two curves were heading the same direction rather than battling head to head. The network is secure enough, and having a few hundred CPU's mining as well would not help on bit. The mining structure is working very well. I was worried that the hashrate would half when the reward halved. That did not happen in fact, the network much more secure today then it has ever been. The reward structure was genius the way it was set up. It's a shame that you don't see that beautiful fact. |
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Thanks to naima53 for his very own ultimate bear chart. This chart is more bullish than the other ones because it doesn't have the purple arrow predicting a crash. Thanks again naima53. |
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Sorry, im a newbie, what means?
We're all going to die. The lines are pretty though. |
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<amphipod> Mar06 03:10:42 mtgox x88 1,000.0000 @ 44.93371459 USD
Explain this please. I believe it means 1,000 bitcoins were traded in 88 separate trades at an average price of 44.93371459. That's what I read it as, but that can't be right. That's over 80% of the 24h volume. The 24 hour volume is over 100k so 1k is under 1% |
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<amphipod> Mar06 03:10:42 mtgox x88 1,000.0000 @ 44.93371459 USD
Explain this please. I believe it means 1,000 bitcoins were traded in 88 separate trades at an average price of 44.93371459. |
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How about you sit on the $320 worth of BTC for 2,5 years. After then you'll be able to afford the flight.
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Ok.. surely we'll never hit n, it's been under n for like... forever !  n>41 |
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I'm sure i'll never hit 40, it's been under 40 for like forever! Wow, the logic is very clear and easy to understand with this one. |
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I'm so glad this post warned me that the price was never going to hit $35. Should the title be changed again so the OP can be wrong three times.
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 Here is an updated chart about bitcoin's future. This is an all time chart so that you can see what I'm talking about. You can see the big picture with this one. |
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I said nothing about collapse. I was just trying to put this in perspective. It's only $85 billion over a year. The fed prints that in only one month.
Printing de-values the currency of course and even de-values the debt hurting dept holders and savers alike. So printing does not send the US closer to collapse and neither does the sequestration. What does hurt the US is more debt. |
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A bitcoin, a light coin, and a ripple walk into a bar.
The bitcoin asks for a beer and the remaining .92 BTC enjoys his beer.
The litecoin asks for a beer, the bartender refuses to serve the litecoin because he's not rich enough.
The ripple asks to exchange an one beer IOU for a beer. The bartenter looks at the IOU. Felling sorry for the ripple he accepts the IOU and serves the ripple a beer. The ripple then says that'll be 100 XRP.
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What is your full name?
Hi Herodes,
What is your address and social security number?
Herodes, What do you have to hide? You have failed to answer these questions, don't you think that's very suspicious. What are you hiding? Now what are the last seven addresses you have lived at? Are you hiding something? |
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