The entire blockchain is approaching 2 GB rapidly and accelerating. This will pose a problem down the road as just downloading the blockchain will take days.
This is not really an issue. https://bitcointalk.org/index.php?topic=99742.msg1093235#msg1093235Besides, there are many fantastic alternative clients that don't require a full node. I assume only miners and Bitcoin enthusiasts will run a full node in the future anyway. Yup, nothing stopping you from just running a client in the background. 2 gig? No big whoop, really. 2 GB now.....the growth rate is accelerating and will be much, much larger in a year. So will my hard drive. |
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This is good news because it makes it harder to ban bitcoin if there are other alt currencies around. Especially if local governments are issuing them.
My thoughts exactly. I've heard of small-scale grassroots attempts at local currencies, but this is pushed by the local government. It legitimizes alternative currencies in the eyes of an average Joe. Besides, until now I thought the possibility of some local government trying out Bitcoin was a pipe dream - not so sure anymore. It might happen. |
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He bought back again, but then he sold again.... Either way I'm keeping my EYES on him! >.> I know how he feels. I made a healthy decission to sell at 10.8, then panic bought during that $1 billion glitch. Anyhow, there have been lots of votes cast by now, and I was thinking... The majority can never be right about the market movements, because they would then act accordingly and cause exactly the opposite. Any majority opinion about the market is a self-destructive prophecy. So, I speculate that options with least number of votes are actually most likely. |
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I personally believe it is due to wider adoption but here is another theory you did not present:
A criminal organization has taken note of Bitcoins potential to be used for money laundering and transferring funds within their organization without the prying eyes of banks. In order to effectively do this, Bitcoin must be worth much more than $5-6, so they are injecting fiat into Bitcoin to make it more suitable for that purpose. In order to prevent anyone from taking too much advantage of this and causing a bubble, the capital injection is happening over a long period of time.
*Puts tin foil hat down*
I did offer that option, falls under "widening of the user base"... Kidding. Almost. |
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All I'm getting is a 404 memorandum! |
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Strictly speaking, there are no coins. There are only differential transactions recorded in the ledger. You can trace what previous transactions are involved in any given transaction, back to the "generation" of the block reward (again, a special kind of transaction). We are too used to physical representations of money, so we think of "bitcoins" - but this is really just inertia.
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I used to make my own custom circuit boards. The process is simple:
- You get a blank copper board from an electronic supply house(or ebay).
- Then you print out a negative of your circuit design on a transparency.
- You apply UV sensitive acid resistant ink to the whole board
- You put the transparency over the board and bake it with bright UV light
- Wherever the light goes through the transparency the ink will stay on, you wash the rest off with water
- Then you expose the board to acid and everywhere you don't have acid resist ink dissolves away
- You then wash off the acid and ink and have your design in copper
I just realized you could put a negative of your QR code and key strings on the board instead of a circuit and you would get a very resilient wallet.
Just an idea, have not actually tried it.
That's a cool idea. I would never trust copper to keep etched pattern safe from corrosion. Just think green patina on the roofs and statues. Copper lasts longer than: - Paper (used in "paper wallets")
- Hard drives (used in "digital wallets")
- (arguably) Humans (used in "brain wallets")
The corrosion rate of several types of copper in a 20-yr test averaged 1 pm/yr (0.05 mpy) in an industrial atmosphere and 0.8 pm/yr (0.03 mpy) in a marine atmosphere.
That's all neat and scientific, but here is a typical state of copper coins (a copper-based alloy, that is):  Many of them look shitty. Again, there's no way I'll trust copper to keep etched pattern safe. Stainless steel, aluminum, gold of course. |
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I used to make my own custom circuit boards. The process is simple:
- You get a blank copper board from an electronic supply house(or ebay).
- Then you print out a negative of your circuit design on a transparency.
- You apply UV sensitive acid resistant ink to the whole board
- You put the transparency over the board and bake it with bright UV light
- Wherever the light goes through the transparency the ink will stay on, you wash the rest off with water
- Then you expose the board to acid and everywhere you don't have acid resist ink dissolves away
- You then wash off the acid and ink and have your design in copper
I just realized you could put a negative of your QR code and key strings on the board instead of a circuit and you would get a very resilient wallet.
Just an idea, have not actually tried it.
That's a cool idea. I would never trust copper to keep etched pattern safe from corrosion. Just think green patina on the roofs and statues. |
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Since Iran has sanctions on them, bitcoin is the only other method to conduct business.
How exactly would that work? Say I am an executive of a factory in Iran weaving fancy carpets that I can't sell in the US or Germany due to trade sanctions. How exactly would Bitcoin help? Another example - I'm an executive of Iranian Airlines, and western companies are banned from selling me repair parts. How would Bitcoin help me with the maintenance of the fleet? I know this is the "speculation" board, but we should speculate based on reason and facts. |
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The first thing that came to my mind is there would have to be a limit on the number of tags you could use, possibly based on something like forum rank (like newbies can only add one tag, normal people can add two). I am imagining the most obnoxious people checking every single tag so their drivel will pop up everywhere at once.
Good point. I suggest newbies can (and must) only use the "newbie" tag, similar to the way it works now. |
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I've really been surprised at how little activity there is in Japan. ...
The prevailing sentiment in Bitcoin world may be too US-centric, egocentric, and anarchist for the Japanese taste and culture. ... Or their culture may start to evolve at a more rapid rate due the radiation and the realization that their government is directly responsible for their calamity due to actions (or lack thereof) before, during, and after the Fukushima meltdowns. ...or they may take an honest look into facts and realize that private corporations were directly responsible for deceiving them, cooking books, shielding dosimeters, corrupting government workers, and putting everyone at risk. Their culture may then start to evolve towards something different from what you were imagining. Time will tell, but in the meantime we should try and expose them to Bitcoin as a technology, letting them decide on ideal use cases, politics, and ideology. |
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You don't give your money to a representative. You give it to a lobbyist (who may be a former representative) and they plead your case to the representative.
I am obviously not familiar with the US lobbying system. Do representatives see any direct benefits from such money? Is the money discussed here different from the campaign donations? |
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I pledge 5BTC for the lobby
Ditto. Why would you give your money to a representative? If that's how you see a democracy, just make it easier for everyone and stop pretending. |
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In related news, am I the only one who's figured out how to spot a fake wall with deadly accuracy? I'd like to reveal it, but then they'll make it harder to spot.
Does your method work for slanted walls? How about stairs? yeah these "manipulators" are pathetic. They are so lazy they can't make like 10 walls. They just make one wall. Wait...i know why...it's easier to cancel the order if it is just one order than 5 or 10...especially if they are being bought into. LOL!!!!!!!!!!!!!  i bet his secret method is Ask wall = fake wall Bid wall = real wall Hey, even a broken clock is correct twice a day! |
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The japanese should like bitcoin because forex trading is quite popular there. Before the 2008 crisis there were a lot of japanese housewives playing the "carry trade", borrowing in yen and depositing into USD, EUR, AUD and ISK, to make money on the interest rate spread.
Google "mrs watanabe carry trade" for details.
I've really been surprised at how little activity there is in Japan. For the world's third largest economy and the tenth most populous nation, I'ld have figured Bitcoin would have gained much more traction by now. There aren't even any individuals offering to do local trades there (shows the closest trader is in Korea) - https://localbitcoins.com/postal_code/japan/tokyoThe prevailing sentiment in Bitcoin world may be too US-centric, egocentric, and anarchist for the Japanese taste and culture. Different narratives are needed to get the Japanese interested in discovering Bitcoin as a technology and deciding on its ideological implications. Perhaps a good start is DublinBrian's forex pitch above. |
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In related news, am I the only one who's figured out how to spot a fake wall with deadly accuracy? I'd like to reveal it, but then they'll make it harder to spot.
Does your method work for slanted walls? How about stairs? |
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if we break 12.20
I'm going to quit smoking and start buying bitcoins daily instead
Then start spending them on crack from SR. Circle closed. |
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