I think its a big milestone that notice, but i dont like the idea that they convert back to usd the payments, i know bitcoin is still volatile but there will be a time when this is not needed anymore.
eventually, but this is natural. big companies like this work all in fiat -- paying suppliers and overhead costs. it doesnt make sense to hold all or even most of the bitcoins. Yeah, most public companies are not going to hold bitcoins at this point in time. I'm shocked that Overstock holds 10% of the coins from its bitcoin sales, but Patrick Byrne truly understands it, and apparently he's convinced his board of directors as well! When bitcoin surges again and overstock gets the enormous gains for holding 10% in bitcoin, I'm sure the word starts to spread. |
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Seems that the dude in the picture is starting to develop his racial features now, they grow up so fast  |
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I feel like this sort of thing already exists? or is it not that simple to do
I'm encoding messages into bitcoin addresses but that dude seems to have done it the way only miners can do it. When a miner finds a block, it can always put some message with it similarly to how Satoshi did it. I know that miners can put messages when they find a new block. But is it different from your method to encode messages? I thought there is only one way to put text into bitcoin blocks. Yes it's different. Everyone can put messages into block chain not only miners. |
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Possible? More unlikely things have happened.
Not with Bitcoin. It has never had a 2000x increase in 6 months. Unlikely things can happen with bitcoin. Tbh, I am a bear so this is probably a pessimistic forecast by other standards. Luck has a funny way to change. |
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I feel like this sort of thing already exists? or is it not that simple to do
I'm encoding messages into bitcoin addresses but that dude seems to have done it the way only miners can do it. When a miner finds a block, it can always put some message with it similarly to how Satoshi did it. |
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To clarify: from blockchain.info, I can view the blocks infomation with "Input Script" hash values. Can I read the messages from blockchain.info or other blockchain explorer?
Yes you can, go to some transaction in blockchain.info, and scroll down until you see this: Output Scripts OP_DUP OP_HASH160 687474703a206269742e6c792f47433535313337 OP_EQUALVERIFY OP_CHECKSIG OP_DUP OP_HASH160 d76665a1a48815f000654d159bcef7ca3fd282c4 OP_EQUALVERIFY OP_CHECKSIG Now copy paste the hex string "687474703a206269742e6c792f47433535313337" to this site: http://www.dolcevie.com/js/converter.htmland press "Hex to ASCII" The message stored in the block chain appears. |
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Possible? More unlikely things have happened.
No, because 7 digits means that bitcoin has taken over as THE payment system used worldwide. Western Union, Paypal, Visa? All thrown away in the dustbin of history because of bitcoin. That MIGHT happen in 25 years+, but not this year. Time speeds up with an acceleration (measured by the frequency of innovations, see Terence McKenna's time wave theory). You might want to take the square root from 25. You would end up with just 5 years. |
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700-800 range will be very interesting. If we pass 800, some serious TA comes into view -- 7day pSar will flip its side into bull mode and confirms that indeed we are no longer crashing nor suffering the after effects of the last crash.  |
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The beast shall not be awaken until it touches the last ATH.
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I love the idea of this site. The only thing is, you gotta make it more user friendly. Make it sooooo easy.
In my opinion, it give the "average user" too many options.
"Import to wallet"- medium to hard difficulyy for average user
"instant", "list", "csv"- average user doesn't even know what that means as far as bitcoins and wallets, etc. are concerned.
And the costs, and amount, and donation, you might want to specify is that in btc or usd.
Is it possible to just have the user type their message, then say send x amount of bitcoins to xyz, and then your service automatically sends the funds to the blockchain?
I love the idea of your site. PM me
Ok sent you PM. I support the idea of making a dumb-user-version that makes the TX for the user. Also I've been thinking about adding support to other block chains, such as Peercoin and Dogecoin. |
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Think of it, would aliens accept dollar? I don't think so. Would they accept Bitcoin? Sure, why not? If I can buy alien technology with bitcoin but not with fiat, then bitcoin will succeed whether the government wants it or not. You bears will be riding your petrol powered four wheel junks of metal while I'll be piloting a flying saucer with hot space babes.
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It's more like a bull walk.
or catwalk  bitcoin has all the time in the world. it will suffer from erectile dysfunction until the last bear has been trapped. our bear population is quite resilient, though. |
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Holding bitcoin should be thought of as at least a 5-10yr position. We've gotten spoiled by the crazy bulls runs of 2013. Refactor your expectations.
It's an incredible opportunity to be present at the beginning of a ground-breaking new technology/paradigm. Humanity has not had ideal money since before we needed to transact quickly over distance. Now we've solved that 200yr old problem. To have an asymmetric investment opportunity along with that is icing on the cake.
Don't get greedy with your timeframes.
Really good advice. This is the age of "instant everything", and now we have a chance to calm down and enjoy the ups and downs of a great adventure. Instant everything sound pretty neat. What next, everyone knowing everything about everything? I think we're heading towards singularity. |
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Times will go interesting when the majority sees that Bitcoin's price indeed rises in orders of magnitude periodically. What would happen then? Because everyone cannot be right, the pattern must break. Well, there are so many ways for the pattern to break that it's not even worth speculation.
Still,
a) bubbles will get smaller and smaller until the price stabilizes
b) bubbles get bigger and bigger until the price explodes
c) there will suddenly be no more bubbles and value starts flowing slowly out from bitcoin into its better alternatives such as peercoin
Whatever happens, there is a prophecy that men will soon experience great wealth but many of them face the problem of having too little spiritual growth to support the gained riches. Whether that prophecy has something to do with bitcoin or not, remains unknown, but it may easily turn out that way. If I remember correctly, the prophecy had something to do with 2017 when man kind will move to the 5th dimension as a whole.
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So, let me understand this.
A user goes to CryptoGraffiti and writes whatever message in the space given. Then, your software generates bitcoin addresses in relation to the human text/message a user just entered. After that, I use my wallet to send bitcoins to those addresses your software generated? However, the "messages" now in the blockchain aren't in plain text. You need to use your software to convert it to plain text? Do I have this right?
If you open a block chain file in a text editor that displays ASCII characters, then your messages will be there at the first glance. You are directly writing the byte values of your message to the block chain as they are indicated by the ASCII table. If anyone displays the block chain bytes in ASCII table encoding, they would see your text, surrounded by a lot of gibberish. In essence, the same way this famous sentence is stored in the block chain: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" |
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being raped by the local tax office.
I guess what I was trying to propose was that if you work then there are less questions of where your money comes from, thus taking a loan for a house or whatever seems possible. Still, you don't want to work your ass off, but just enough to make it plausible that you can afford a loan. You don't really want to work, so the job you choose should be super easy and have as few working days as possible, just enough to explain how you pay your loan while living off bread scraps and water. But instead of bread scraps, you can afford something better as if your salary was a little greater. The free time you get from such a system can be reinvested in your personal bitcoin project for example. Once your project succeeds, you can hire yourself and then bitcoin profits are no longer needed and can remain as a long term investment --- untouched. |
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Seems plausible, some conspiracy theories are lame. Back to the topic. Speaking of bitcoin profits, what do you guys think of such plan: 1. go to work 2. get a loan and buy a X, Y or Z 3. pay back the loan gradually from your salary 4. live off your bitcoin profits (food, toilet paper, booze, hookers, drugs) When loan gets paid back, you have saved a lot of bitcoins because during that time the value went up. Also, because you only cashed out the pocket money and spent it on stuff that is hard to tax, you dodged the taxes. Win win, no? Worst case scenario 1: 1. you lose your job 2. declare your bitcoin profits and just pay back the whole loan at once Worst case scenario 2: 1. Bitcoin loses its value and you don't have any PeerCoins either. 2. At least you have your job, but now you're the system's slave. No more drugs and hookers. Worst case scenario 3: (most likely due to the first law of the universe --- conservation of irony) 1. You lose your job, bitcoin loses its value and you go to jail for tax evasion 2. Say "IT WAS WORTH IT" and take what life gives you. Any takers? |
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Speaking of latest bubbles. I feel that electric cars will start dominating the market soon. Think of the missing air plane for example, supposedly it was transporting some patent holders for Nikolai Tesla's suppressed technology which is deemed to be the reason for the flight to get missing. Also, the Tesla Motors' electric cars are really impressive.
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Maybe investing into Pandacoin would be a good idea then?
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