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when I try to unwatch it never seems to work???
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True if you have a lot you can get profit and help others get coins. Price can't go up until things are more even and one person doesn't have 100k btc.
This is a very good point. The extreme GINI coefficient in the economy strikes me as one of the largest threats. After all Bitcoin derives a lot of it's strength from being the software that people willingly choose to run. If relative latecomers cannot get in in a reasonable way that could be incentive to choose a different solution. Lately I've just been selling at Coinbase for convenience. I've no idea where the BTC goes. Once I get comfortable that I've got what I need for some projects I have planned, maybe I'll switch over to trying to service whatever local demand there might be. In significant sizes doing things locally is impossible, and it's always going to be a hassle which I may or may not enjoy. Busy with other projects at the moment. Whether legitimate or not, I consider being a 'hoarder' to have the benefit of dampening out fluctuation somewhat and providing some liquidity in times of need. Certainly I felt that I was doing the economy a service by soaking up some liquidity back in late 2011. not really late comers = born later or in to wrong circumstances means your mostly lock out of fiat wealth all you life or gold, property whatever, this has gone on for centuries. CC's,BTC,PeerCoin is about creating a more efficent means of trade and better bigger lest wasteful system. Latecomers will still be in a better position, the they are now in Fiat |
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I never realized how evil I was...  I didn't either until countless freaks on this forum have made it quite clear that hoarding and speculating are both the Devil's work. "Hoarding" is the WORST argument of all time. I've been hoarding dollars every year (even though I shouldn't because dollars are economic turds) since the year I was born. I spend my bitcoin, and when I do I instantly replenish my wallet on the majority of occasions. But... but... Fucking deflation man! Economic death spirals, and shit. Aren't you frightened? no, because as the btc worth goes up, the utility of the HODL amount goes down, eg, hodl 10000 coins 3 years ago, I can spend 100 coins now and It doesn't effect me much, that BTC goes into the market with much more buying power. The other way to look at it if you have only $100 spending $75 is a big deal if you have 1 Million then spending $75 is nothing. The more you deflate the for you can spend |
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What confuses people more, changing from 21 million to 21 billion or asking people to buy a coffee for 0.0015BTC? Imagine when BTC reaches 10,000USD, a coffee for 0.00015? really?
It's just redenomination, it won't lose value. People are not used to deal with infinitesimal values. And for most people, they couldn't care less how many BTC total are there.
If Bitcoin wants to be used by the masses, it needs to become more similar to their realities.
coffee 2mbtc done no confusion. save changeing anything. |
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Shift the decimal point over? and devalue bitcoin + cause mass confusion.
By shifting the decimal point over, have told the whole world there are more than 21 million coins, and will confuse every one. Sure you will be a BTC billionaire/millionaire, but risk lose in much of their value just so you can feel better?
proof that you can get the answer by framing the question.
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No, very bad idea, will cause mass confusion. 21 million is part of the story. Do this you kill it.
Further using mB, uB and nB serves 3 purposes
1 causes people to realise how valuable a bit coin is and
2 how much is has evaluated, in easy comprehended numbers, 10, 000
3 leaves them free to use whatever scheme they want
4 the have to learn a little bit of SI
5 since micro soft most know "micro"
6 Milli is common eg mm
7 nano is fairly well know since nano tech
so defn do not do this its a sill idea
if you really want to you can use satoshis
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This is very valid point ... it is now possible for a single idea, implementation to completely change the world and upend the reigning power structures ... and it could happen anytime again in the future. No more can the incumbents feel so comfortable that better idea/technology is only one good coding away from tossing them into the biin of history.
Satoshi makes Zuckerberg and Gates look like pikers, imho. Social networks? OS? meh ... let's overhaul money.
exactly, satoshi has put them in the shade. Very dark shade |
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Agreed. For someone or some group to make millions while not really contributing to anything, he certainly does take the cake.
Bitcoin either has value or it doesn't. If he hasn't contributed anything, he hasn't made millions. But he has, so he has. What exactly is the contribution he's made. I wish bitcoin was centralized right now so we can take your bitcoin away. See this is exactly why I hate mainstream, keep Satoshi alive in spirit! PLEASE. I know, I know, the masses.... Its called the blockchain, useizeable wallet / wealth, no counter party risk, distributed opt in, store of value, multi sig all open source. |
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I think Satoshi takes the cake for "amount of money earned anonymously".
Agreed. For someone or some group to make millions while not really contributing to anything, he certainly does take the cake. your kidding right, do you have any idea the order of magnitude of the contribution has made! |
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What if he is dead by now?
who knows just for fun though <tinfoil hat on> AI invented ...takes look around and goes well this is a bit of a clusterf...k...time to fix. lets adopt a British idom under a Japanese Pseudo name, write a backstory, and 100 seconds later bitcoin is finished, white paper ~ forum done. </tinfoil hat off> |
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I am struggling to think of anyone else who has done what satoshi has achieved.
Without standing before a bank, venture capitalist, wealthy person, angel investor, a buy out, satoshi has made available to himself likely millions if not billions and created a multi billion concern heading to the trillions.
That is the power of the idea/code.
The rest,
Gates
Zugerberg
Jobs
Ford
<insert anyone you care to think of>
all had to get money, capital, from someone.
Satoshi did not only not do this, she/he/it/they did this with anonymity.
I would be interested in any historical person that has achieved anything similar
Thousands of people are watching his address everyday. How can he use his fortune staying anonymous ? Good point, though are we sure all the BTC he mined is non those addresses, or did not by 100K in 2010 onto other address. I know I would have. |
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I am struggling to think of anyone else who has done what satoshi has achieved.
Without standing before a bank, venture capitalist, wealthy person, angel investor, a buy out, satoshi has made available to himself likely millions if not billions and created a multi billion concern heading to the trillions.
That is the power of the idea/code.
The rest,
Gates
Zugerberg
Jobs
Ford
<insert anyone you care to think of>
all had to get money, capital, from someone.
Satoshi did not only not do this, she/he/it/they did this with anonymity.
I would be interested in any historical person that has achieved anything similar
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something like 80K + btc last 24 hours that quite alot....
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bitcoin volume last 24h 25777 btc
dogecoin volume last 24h 380 btc
quarkcoin volume last 24h 297 btc
litecoin volume last 24h 208 btc
you cant deny DOGE, im not sure btc-e and other major exchanges have not picked up on doge they are losing out on massive profits...
btc-e has dead coins like terracoin why not doge...
they could be buying before listing? I remember that FTC started like this and sorta, well not to sure now. Doge I think is much bigger and better than FTC as it basis is not taking it seriously. |
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This guy wanted the govt to have an internet killswitch: https://i.imgur.com/4TYjQRQ.pngRemember, he's a politician - the lowliest of creatures in the moral menagerie. That does it for me, no donation. ok didn't know that....but has he changed? |
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this kinda makes me upset. if you DO have a coinbase account, they prompt you to pay with a pop-up button and no "send to" address or QR code. Apparently this keeps the transaction off the blockchain so coinbase just transfers funds from the customer account to overstock account. I didn't want to even pay this way. i just wanted to make a normal bitcoin transaction. I was not given that option.
no problem here, it just means coinbase and overstock are willing to wear the internal risk between each other and coin base wears btc risk. This is actually go for btc holders and a show of faith in btc by overstock. |
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They aren't useless the secure the network.
If you decide to open a bank so you pay a contractor a lot of money to build a secure vault, and then you install lots of cameras, pay for an alarm system, and hire security guards .... and then the bank never gets robbed (maybe because the security is too tight) was it a waste of resources?
this^ however to some extent the question you may be hinting at is is there either away to [1] use that mining for something else as well See CureCoin, and merged mining for this. [2] alternate system, See POS, PeerCoin, Emunie, etc One question in relation to [1] is do you want you bank, holding your wealth really concentrating on something else as well, perhaps no. So the mining and pos does not have to make any compromises to meet any other objective, say curecoin. In some scenes this is one of PeerCoins argument, is concentrating on store of wealth. |
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