There are several companies in California that sell wine for Bitcoin, delivered to your door.

On the other side of the coin (pun intended), its illegal to buy alcohol of any kind in Ohio using Bitcoin. The reason is that Ohio has a law stating that it's illegal to trade or barter for alcohol. Since the IRS considers bitcoin property, using Bitcoin to buy alcohol would be "bartering" for alcohol which makes it illegal under state law.

Yet again, here's a thread 9 miles long with only one short answer.

When does anything created die? When did the Model-T ford truck die? When did pet rocks die? When did 8 bit computers die? When did VHS Tape Players die? When did the Geoworks Ensemble GUI die? When did Lotus 1-2-3 die? When did dBase die? When did FoxPro die? When did 35mm film cameras die?

Anyone figured it out yet?

Answer: When people get tired of it, it's no longer useful or something better comes along.

/thread

That's possibly correct for today. What happens when the block reward drops in seven years and the price of Bitcoin+transaction fees have not kept up with rising inflation, electricity cost and equipment replacement?

Difficulty adjustments take roughly two weeks (2016 blocks), don't they? In the interim they aren't making a profit. I remember mining and switching off when the price dumped from $15 to $2 but not before I had mined for a couple of weeks at a loss (granted, I was mining in California, land of expensive electricity and not paying attention). Profit is based on the efficiency of your individual equipment setup. What returned my profitability was just sitting still for months until the price recovered not the difficulty adjustment. Isn't the difficulty drop also an incentive for more miners to enter the playing field and further dilute the "profit" from those people that continued to mine?

Governments will be forced to listen to the people? What planet are you from?  Some of the most democratic countries in history have not listened to their people until it was too late to stop the revolution.

No, not really. NTP uses coordinated universal time. Special computers set up as primary time servers are connected with receivers to a radio clock and those time servers use protocols such as NTP to synchronize the clock times of networked computers. Why couldn't some little brilliant bastard with no life figure out a way to interrupt the network connection to NTP servers and possibly a way to roll back the network time? Seems like a better "central bank" project than just throwing a begillion dollars at mining (Sybil Attack, Eclipse Attack, etc.)

This seems like a silly and expensive way of screwing with the network. I've never understood why no one has figured out how to hack the 16 minute protection for device time changes to the unencrypted network time protocol. Just turn the network time back a couple of days and watch the whole thing come crashing down for almost no cost. A man-in-the-middle-attack between the Bitcoin network and the Network Time Protocol would be catastrophic. I'm sure some 12 year old kid will figure it out eventually.

I second that motion. It has been moved and seconded, all those in favor say, "aye".

They ayes have it. The motion carries. Henceforth, all individuals posting with a signature campaign benefiting them monetarily will be summarily shot in the face with a BB gun until dead.

Meeting adjourned.

Yeah, you can do it on SimpleFx. It's pretty easy to setup and fund too. https://simplefx.com/dashboard/

Exactly right. Finding a block is about luck not skill. Hashing a block with 1 transaction takes exactly the same amount of effort as hashing a block with 10,000 transactions. Creating an SHA-256 hash with a value less than the current target solves a block. It's possible to be extremely lucky and find a block a minute for ten minutes. Bitcoin has a measure called "difficulty" that will auto correct the amount of blocks found to one every ten minutes and difficulty is adjusted every 2016 blocks. But that doesn't mean it will be exactly one block per ten minutes because miners are "searching" for a random number. The difficulty adjusts so one block is found "on average" every 10 minutes but it's a race to find a random number. Some are found closer together (two in three minutes) and some are found further apart (one in twenty minutes). When two are found close together one will have fewer transactions included.

You people really need to stop necroing old threads. Nothing in this thread is relevant anymore. Wikipedia does accept Bitcoin now.

https://wikimediafoundation.org/wiki/Ways_to_Give

Be careful trusting google trends too much. As an example, one of the related searches for Bitcoin is "chia seeds". LOL

Funny that a country formed by a revolution about overtaxation is now overtaxing its citizens on all sides of every transaction.

Justin Timberlake should make a song about it.

There are a couple of cities in the world with a slightly higher number of businesses but worldwide it averages out to less than .003%. I'm from the San Francisco Bay Area. The greater BA is Bitcoin ground zero. Roger Ver (Bitcoin Jesus) is from here. More Bitcoin conferences and meetups have happened here than anywhere else in the world. Hal Finney (a founder of Bitcoin) was from Coalinga, Ca. The original cypherpunk mailing list are almost all from the BA with the exception of Adam Back who is from London. You would expect Bitcoin use to be highest in this part of California. But what I've found for the BA's 7+ million people and more than half a million businesses there are less than 200 Bitcoin businesses. That works out to be .004% which is inbetween the .003%-.005% I stated earlier. 

Do you know how much of their lives these guys have devoted to Bitcoin? Andresen and Maxwell have lived and breathed Bitcoin from the very beginning. So they've figured out a way to massively profit from Bitcoin. They earned it.  I bet Maxwell has spent more time moderating Bitcoins IRC channel than all of you combined have spent on this forum.

That's not really true. It just means transaction fees need to be a lot higher or there needs to be a hell of a lot more people using Bitcoin daily.

Royal Mint Gold (RMG) That is too funny. The Royal Mint is making an altcoin. ROFL

Soon there will be an altcoin for everything. Nikecoin, Hershey'sChocolatecoin, Trojancondomscoin. LOL

Of course, you know this has no more to do with Bitcoin than Dogecoin does, right?

Interesting that people are worried about what happens to Bitcoin 100 years from now. Before we worry about that, let's see the next two block reward drops happen. If Bitcoin survives the next 8 years when the block reward is 3btc.

The end of 2013 beginning of 2014 Bitcoin was valued over $1,000 and the block reward was 25btc. That's over $25,000 to share between the miners per block. Most of the large farms started to form at this point. The per coin price has never returned to that value but let's assume it will return to $1,000 before the block reward hits 3btc. That means all the miners together will share $3,000. In order for Bitcoin to be as profitable to mine in seven years as it was in 2014 the per coin price plus transaction fees need to be more than $8,300 and that's with no inflation and no costs for replacing equipment.

If we make it past the next seven to eight years then 100 years will be easy.

I have three ex-wives. That should tell you I've been scammed a lot. A few times in Bitcoin too but I have plenty of money so I'm not real worried about it.

Didn't we already neuter Bitcoin from making micro (dust) payments? Are you talking about sending a penny to someone and paying three cents to send it?

It's the most interesting sociological experiment of my lifetime. It highlights the capacity or restrictions of humankind's ability to work and play well with each other. It seems to magnify avarice while simultaneously fostering cooperation. Monstrously fascinating!