as i said in the other thread this why peer coin and nxt can sky rocket, mining tax/issue just not there.

this is why PeerCoin or nxt can skyrocket, mining tax not there.

this is a very good idea, there is not reason why an exchange could not publish all BTC received and thats verifiable. This would attract a lot more confidence to that exchange and thus volume.

then the next side would be how much fiat they hold but thats easier to lie about. The question is how much BTC/FIAT is off the market but on the exchange ready to go.

I am almost sure Gox is fractional reserve in BTC and FIAT.

I feel something has to give here, and once this is sorted out, it will be the next impetus to an evaluation even like what happened after SR1 went down.

So cheap coins then explosion in price.

You just can't have problems sending BTC, thats the whole point of the protocol.

Unless you don't have BTC to send.

I made a typo I know UPS .NE. US postal service.

I could not find the other thread, the search is not the best in here.

This is perhaps the most one of the most significant opportunity and important event in adoption go bitocin and crypto's.

The USPs even seemed to understand how colored coins work and to introduce a us post coin.

The USps has all the money transmitter licences, many more physical locations banks, staff, official power, and is be forced by the gov to do something of be massively reduced.

This is the good news.

theres way more than 10 trillion dollars out there, try 1000T

your only looking at spending cash sort of money.

BTC/PeerCoin is looking to the store of wealth, backbone, appreciating assets. Thats where most of the value is going to come from

I *wish* we could all just get along.

the code base when open will speak for itself.

if the code base is not opened then that effects price.

the incorporation is has little effect, in reality. I would say its more of a result of Dan going public from day 1.

even if dan did reward him self more, would't that incentives him to work harder to keep the value  coin?


you can probably decompile the java anyway if you really want to.

one think the infrastructure to support btc or ppc, or even nxt is a lot less than, use, in its paper,coin,or electronic forms, so I expect them to be a round much longer

yes it does have cuter party risk in that your counter part can never get it, the govt/thief's can seize it, that worse than courter party risk, try walking though any airport with 1 million in gold, With BTC no worries.



Exactly you can't encrypt gold, gold doesn't even have the code segment.

the problem with gold it the state and others can seize it any time.

I'm going to make a few opening remarks in response the "money laundering" comments of the Ben Lawsky, the Superintendent of Financial Services for New York.

http://www.cryptocoinsnews.com/2014/01/29/new-york-bitcoin-hearing-troubling-regulatory-view/

I may edit these later

[1] What does Lawsky, define as money laundering?

[2] The proposition that money Laundering is inherently wrong needs to be evidenced by a reasoned position not just mere assertion of activities Lawsky appropriates emotive labels.

[3] The examples of 'narco' trade and "terrorism' are emotive labels on activities that can attract other terms,

[A]running a legitimate business, e.g. an alcohol brewer, it just so happens that certain classes of drugs face prohibition.

[B.] one person's so called 'terrorist act' is to another Self defence, freedom fighter.

The real question in relation the [3] is what are the circumstances that lead to these activities if they are deleterious in Lawsky's view. To attack a form of payment of money, simply move the medium of exchange to another for. Dealing with money laundering rather than the basal problem, is like shutting the gate after the horse has gone.

Until the basal conditions that create certain business models are changed, then anti money laundering will do nothing, except waste tax payer money. State actors via legislative regimes and policy decisions are largely responsible for creation of the business viability of Narcotics and Terrorism.

[C]Where is the evidence to demonstrate Money Laundering causes and increasing such activities, it may be that money laundering actually causes a decrease or has no effect.

[4] The Acts and omissions of the government/banking system and its massive failure and servitude on the people, is far worse than any money "supposed laundering outcome", by orders of magnitude. Essentially the economic output of the a good percentage of  work force has been mis appropriated by Banks  and their associated institutions, including regulators, through their monopoly, state sanctioned position. The bail out of the banks in the GFC evidences this, using the tax payers to prop up failed banking decisions. Historically examples such as the great depression, with all it consequences are also instructive of a poorly function monetary system.

[5] The innovation that a thousand flowers can bloom, is the mechanism to deal with many of the in-efficiencies of the existing system that may resolve many of the circumstances that leads to deleterious behaviour (in Lawsky's view).

[6] As observed elsewhere persons such as Lawsky, are infected by either actual bias or apprehended bias because their job function can be made completely redundant by the BitCoin technology. Accordingly a person must sit whose position is not so affected.

donation of that size may work from in a quasi Seigniorage manner. If enough good dev is done due a sufficiently large following, the 30 coins at 10K each may eventuate, thus being 300K which would probably cover the dev cost.

However you have to wait, to see the net effect of combined dev via price discovery a few years down the track.

[it is in the interests of those with larger holding to donate or undertake dev as well]

To cover off for the academics in the audience.

One may suppose theoretically banks should give some value add for best allocation of capital. However the reality is Banks (via their decision makers) avoid market discipline at the the expense of the taxpayer as the recent GFC bail out demonstrated.

Banks suffer from a second problem they cannot gather information as rapidly or process it as well as the many individuals who know their needs and wants with much better details than a central plan, policy or lending scheme can determine.

The Banks/central banks position is further worsened as they both are bound by the political dogma of the day as to what types of lending they should make, and also capture the political discourse of a credit rating basis, which also obscures actual needs and wants of the market, but rather is synthesised by banking information providers, credit related rating agencies along various economic-political-rationales that are impossible to verify, test or rigorously support.

In short banks are have become a warehouse for money with first access to the bankers themselves at the detriment of most other sectors. Further Banks and currency issuers have faced little or no competition in relation to their model of issuance but have relied on state sanction license/fractional reserve model providing a virtual monopoly.

Given the numerous defects of the current banking system policy makers should perhaps welcome, crypto currencies, which offer the following benefits

[1] solves the technical side of zero counter party risk,
[2] remove an enormous amount of now redundant banking IT infrastructure and development, thus freeing that capital for better use.
[3] Provides competition for cheaper payment methods for goods and service
[4] With zero cost to the government/taxpayer provides a fully funded alternative model.
[5] Introduces a competing economic model
[6] Can significant reduces banking overheads, account keeping fees, building, tellers etc
[7] Reduce the need and cost for producing & transporting physical money
[8] Offers a very cheap solution to millions of unbanked.
[9] Provides an easily linked in system to participate in the global market and avoiding large transaction cost, including currency exchange costs.
[10] Provides competition to existing payment providers/processors
[11] increases business activity and generates new services.

8% over 1000 wow.

actually only the same number of people could roughly be millionaires at this point because if they did hold others could not buy!!!!

great work

does the foundry have any wax mold facility, with a cnc then do a tool steel version, that would have a much better result, for a limited run, you may be able to get a way with a good CNC machine for most of it in any event.

finally a stamp and die onto billets could be good as well.

sand cast tends to be a bit rough.

hmm maybe your right, but I think the free congress of idea and open discussion is okay too, people can just use the ignore button if they want to and self moderate as well.

this was my understanding that you get interest on your holding when it goes up, as that keeps the price of the coin stable but give you more of them.

the magic recipes of how this is done is quite involved and the "magic" part.

What happens when usage goes, down, IDK, (I think it would have to be like friecoin, but I'm not sure it is.)


there also seems to be a buffer system which sure could be exhausted, but is far better than not having one.

first question from r0ach