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1861  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Be Stronger With Quantum Computing on: May 01, 2014, 04:40:27 PM
Moore's law is the observation that, over the history of computing hardware, the number of transistors on integrated circuits doubles approximately every two years.
1862  Bitcoin / Bitcoin Discussion / Re: Merchant Research on: May 01, 2014, 04:38:13 PM
This cannot be measured so no
1863  Bitcoin / Bitcoin Discussion / Re: In a bitcoin society! What is the role of banks? on: May 01, 2014, 04:37:04 PM
Unfortunately they will play a large and similar role to what they do today.  The only difference will be they will issue wallets instead of bank accounts.  The mainstreamers do not want to move away from banks.
1864  Bitcoin / Bitcoin Discussion / Re: What is the standard for capitalizing Bitcoin? on: May 01, 2014, 04:33:38 PM
Bitcoin = payment system / protocol

(I told my friend that Bitcoin is a very cool payment system.)


bitcoin = currency

(I recieved 1 bitcoin from a friend.)

There. Now that that is out of the way: onto more important things!
This should be pinned to the top of made more visible some how
1865  Economy / Services / Re: Hiring: Bitcoin Writer on: May 01, 2014, 01:49:09 PM
How many Bitcoins do you need written?
Hahaha that cracked me up.

1866  Economy / Speculation / Re: List of Chinese Banks - Will more follow? BTC =<$350 on: May 01, 2014, 11:42:53 AM
It's all priced in.  Look at the 2 year charts.  We are at the bottom.

Chinese exchanges still have access to some banks. PBOC vs Chinese exchanges Whac A Mole aint over.

No one gives a crap about China anymore.  There are no more weak hands left.
1867  Economy / Speculation / Re: List of Chinese Banks - Will more follow? BTC =<$350 on: May 01, 2014, 11:38:28 AM
It's all priced in.  Look at the 2 year charts.  We are at the bottom.
1868  Bitcoin / Bitcoin Discussion / Re: satoshis seriously, already! its defacto now, forget ubtc and mbtc on: May 01, 2014, 11:16:35 AM
I agree with satoshi as the defacto standard, but maybe under a different name? Would be better for more widespread adoption.

What is wrong with Satoshi?
1869  Bitcoin / Bitcoin Discussion / What is the standard for capitalizing Bitcoin? on: May 01, 2014, 10:39:21 AM
When should and should not Bitcoin be capitalized?

Does Bitcoin and bitcoin refer to the same thing?
1870  Bitcoin / Bitcoin Discussion / Re: Which tech company will be next to incorporate btc? on: May 01, 2014, 10:06:57 AM
Snapchat
1871  Economy / Speculation / Re: I give up on: May 01, 2014, 07:56:18 AM
I think Veronica26 should keep trading for everyone to use as a technical indicator.  Buy when she sells, and sell when she buys.
1872  Bitcoin / Bitcoin Technical Support / Re: please help me transfer my mined bitcoin into my wallet on: May 01, 2014, 07:53:37 AM
Think about what you are saying in the terms of real money.

You had a wallet.  You put money in it.  You set the wallet on fire.  You bought a new wallet.

Do you think it is possible to get that money back?  No it is not.
1873  Bitcoin / Hardware / Re: ARE YOU A COINTERRA BURN VICTIM ? on: May 01, 2014, 07:51:08 AM
I am an Alex Jones victim
1874  Other / Beginners & Help / Re: New to Cryptocurrency on: April 30, 2014, 04:49:10 PM
I am understanding this correctly?  You want help from us, to help you help your client? 
1875  Bitcoin / Bitcoin Discussion / Re: satoshis now, seriously! its already defacto, forget ubtc and mbtc on: April 30, 2014, 04:47:09 PM
Agreed with all points.  No brainer.
1876  Bitcoin / Bitcoin Discussion / Re: The only way forward is to split it. on: April 30, 2014, 04:42:47 PM
mBTC and uBTC are complicated.  "Oh so x amount of a fraction of a bitcoin" is what mainstream adopters will think.

Much better for them to say I have 100 satoshis, simple.
1877  Economy / Speculation / Re: I give up on: April 30, 2014, 10:35:28 AM
Buy low, sell high.

What part of that is hard to understand?
1878  Bitcoin / Bitcoin Discussion / Re: The only way forward is to split it. on: April 30, 2014, 10:30:36 AM
If he really set the limit to 21 billion, people will ask "why not 21 million or 21 thousand"...
Similarly, you could ask why the block reward is 50 btc at first instead of 64 or 1...
IMHO, there is no particular reason when Satoshi decided those magic numbers.

Everything about bitcoin was chosen very carefully by satoshi. I'm convinced of that. The more I look into it, the more I realize his/her/their genius and foresight, I am struggling with the number of coins though. Anyone care to postulate a good reason for 21 mil?

I just found this old thread accidentally. It may provide some insights for you.
https://bitcointalk.org/index.php?topic=263750.0

I suspect that he choose 21 million, rather than billion or trillion, for scarcity reasons. Millions is not that much these days but trillions is still a shitload, as far as early adoption goes, saying there is only 21 million, as opposed to 21 trillion, sounds a hell of a lot more enticing.

IMO I also don't think the unit of btc matters so much. I think everyone here focuses on the btc unit too much (e.g I have 10 btc, this thing costs 2 btc). Btc is a hedge against inflation and protection from government/banks. In my eyes, its much better to quote how much fiat value one has in bitcoin, not just the number of bitcoin. If we only ever talked about the fiat value, it would never be that confusing, and it would sound awesome too. For example, "I bought $1000 worth of bitcoin in 2011 and now it's worth $2.3 million" as opposed to "I bought 1000 bitcoin in 2011, I'm rich man." "yeah, cool man, how much are a thousand bitcoin?". No point using numbers of bitcoin when everyone is going to convert it to fiat for perspective anyway.

Same goes for gold. In my country there is a lottery where you can win gold. They don't say you'll win 10 ounces (boring) they say you'll win $10,000. Just makes more sense and sounds impressive.

I say never use btc amounts (or price things in btc) when talking to people, use the fiat amounts, that way decimal places don't matter.

Or maybe I'm just an idiot, I don't know.

I agree.

I see the future of Bitcoin commerce using designs where it looks like you are buying something in $, but behind the scenes it is all Bitcoin. 
1879  Bitcoin / Bitcoin Discussion / Re: In the future, how will people get BTC? on: April 29, 2014, 03:59:48 PM
Salary. End of thread.
1880  Bitcoin / Bitcoin Discussion / Re: Free BTC at MIT on: April 29, 2014, 03:04:10 PM
Slowly but surely this baby is going mainstream Cheesy
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