Fiat is the most bullshit form of money. Monopoly money at its worst. Bitcoin is far better but it has to become easier and safer for everyone to use without fearing they'll lose everything. Ignorance is part of human nature and if people judge that bitcoin can destroy their deposits then they'll not opt for it, preferring fiat and a bank. Gold is at the top but not so much as currency – more like a store of wealth. Higher denomination gold coins could be used for currency in the west but generally it is too rare to be used as such or too expensive to be used in like a hundred poor countries. Silver is ideal for every-day currency and it has worked well in the past.
Personally I don't see any war between bitcoins and gold or silver. They can act as supplementary investments for anyone who dislike fiat.
Do you think Shire Silver would work as a good supplement there? The smallest gold cards are about 3 Euros in price (1/20th gram), and the smallest silver cards are less than 1 Euro (1/2 gram). Someone over there might be able to make a good business out of making their own version and promoting it. Its certainly a lot easier to understand than bitcoin but can be produced without government interference. |
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Thanks for info, so they bought lamassu, this one i was the most worried about, it looks like a acam, 5000$ upfront payment via bitcoins...
Ill try to contact robocoin distributors.
I personally know the Lamassu guys and its no scam. It is one way only though, put in fiat bills and get bitcoins. It is very easy to use and fast. |
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Sorry I haven't been on in a while. Be sure to check out the Lamassu Bitcoin Machine - https://lamassu.is/ - I know the guys behind it personally and it is a damn cool machine. I'd love to see them add a coin acceptor so people can drop in their spare change, and they've said that is something they're looking into. Yeah, pybitcointools is possibly overkill, and I'm not familiar enough with it yet. But that part of your problem domain isn't the hard part. Dealing with the old banking system is. I might be wrong, but wouldn't the transfer systems like SEPA have the same reversibility issues that Paypal does? That is, once you've sent the bitcoins, can't they make a claim of non-delivery or some other excuse? Sorry but I'm more familiar with the differently outdated 'Merican systems.  |
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I made a utility (in Python) that checks a bitcoin address for a couple of conditions and sweeps the coins to a set of other addresses if it meets the conditions. https://github.com/rhelwig/coinsweepIf my conditions aren't the ones you need, you can modify the code yourself or perhaps pay someone  to make a version that works for you. I did try to put in a lot of comments so other people could read and modify it. |
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Is this a trick question? All fiat currencies are bad money.
And the only good money is crypto? You can have money that isn't crypto that is still good. Like what? To be good a currency really does need to be separated from government. That's just one of the things that makes bitcoin a good currency. As an example of a non-crypto non-government currency, I of course direct your attention to https://shiresilver.com  |
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I would love to spend bitcoins directly, but my main supplier doesn't accept it yet. I use BitPay for accepting bitcoins on my site, but I don't convert them to fiat there. I only sell the bitcoins when I have to. A few of my suppliers and contractors accept it though. Give it time and keep working on getting more businesses signed up.
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Centralized exchanges do not need to change much, just issue colored coins for each asset (under the hood) and give people an ability to withdraw to other exchange or other wallet.
This removes the need for passthroughs ...
One use case for passthroughs is stock splits. Using another color for a split-through instead of trying to add code to allow for splits on existing colors would help keep things simple (while admittedly adding a little need to trust the third-party passthrough issuer). |
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Needs a coin hopper so people can use it to get rid of their change. Sell it to banks to put in their lobbies and they can just have the users bring the output to a teller to deposit the results in their bank account.
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Y'all should google "credit river decision". http://en.wikipedia.org/wiki/First_National_Bank_of_Montgomery_v._Jerome_DalyDaly based his defense on the argument that the bank had not actually loaned him any money but had simply created credit on its books. Daly argued that the bank had thus not given him anything of value and was not entitled to the property that secured the loan. The jury and the justice of the peace, Martin V. Mahoney, agreed with this argument. The jury returned a verdict for the defendant, and the Justice of the Peace declared that the mortgage was “null and void” and that the bank was not entitled to possession of the property.
[but importantly...]
However, the bank appealed the next day, and the decision was ultimately nullified on the grounds that a Justice of the Peace did not have the power to make such a ruling. In other words, there might be truth to the idea, but the legal system isn't going to allow it. |
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Dang, 28 pages and there's no pic of Noah the Elder saying "Form a HODL!" - because that's what plays in my head every time I see the word.
I tried to find a good one but my google-fu is weak when it comes to Happy Feet.
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My business is about liquidity, so I will most likely cash out the bulk of my position as I go. I can't afford to sit on anything...including cash. It's really about moving between different assets and acting as the market maker. I keep a small percentage of each exchange and deal in bulk.
If you have an online store, just integrate BitPay.com and set it to pay you most of it in dollars in your bank account, leaving a part of your profit margin in bitcoins. Odds are that you can handle in-store bitcoin transactions with a smartphone wallet. |
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I once thought of trying something similar based on shares of real estate ownership. The basic idea was that property owners could create corporations that would own their respective properties. They would hold < 50% of the shares themselves and exchange > 50% to a central corporation for shares of that entity. The shares of that entity would be bearer instruments, effectively becoming a currency. The central currency's share value would be based on the valuation of all properties combined. New properties could be added to it, issuing enough bearer shares to balance the newly acquired value, keeping the currency's price relatively stable.
Maybe something like namecoin or some other property system could be used in a similar fashion.
Of course I never got around to making it happen.
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*** Note: I am not 100% positive that I am the first US chocolatier to accept bitcoins. I have searched Google for a while, and I'm pretty sure I am the first. Please inform us immediately if we're not the FIRST chocolatier in the US who accepts bitcoins!
I guess it depends on your definitions, but http://www.statelesssweets.com/ has been accepting bitcoin for a while. If you consider them a chocolatier or not is up to you but I am a fan of theirs. Hopefully I can soon try yours and become a fan too. |
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Just an FYI, http://gpsbitcoin.com/ is also listing bitcoin accepting businesses on a map, and is adding extra features. |
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Using the blockchain for this is overkill. Just think of using something like bittorrent, with some security added on top. A distributed general database would be incredibly useful.
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New Hampshire?
I would have thought central Oregon, or Wyoming
New Hampshire has the 3rd (or is it 4th?) largest legislative body. That means its much easier to get elected. We have had more then ten free staters in the state house for years now. We've gotten some good legislation passed, including one Free Stater who pushed through a repeal of all knife laws. Central Oregon is a non-starter because it really does need to be the whole state - otherwise you cannot work at the state level, which you need to do to have any effect. There is a Free State Wyoming project, but it isn't as big or as active. It seems to be mostly folks that just want to live a more survivalist lifestyle out in the boondocks and be left alone. Wyoming is also pretty large, and getting folks together for activist events is more difficult. I personally know about 200 Free Staters just in Manchester NH, showing that we're not all "leave me alone in the woods" types - although there are plenty of those too. See also 101 Reasons to Move to New Hampshire. Also, here's a John Stossel FSP video. |
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Free State ProjectI moved as part of the Free State Project in 2005 and was the 103rd mover. Ask anything. The original idea was that since libertarians/liberty-lovers are too diffuse in all the various areas they reside in to have an effect on the culture and more specifically the politics to get the changes we desire, coming together in one state should allow us to gain the critical mass we cannot get elsewhere. The FSP community is very alternative currency friendly, and bitcoin has been no exception to that. You can use bitcoins to pay for your registration to the main FSP events using bitcoins. You can donate to Shire Sharing, an FSP mover driven charity, with bitcoins. Many of the folks doing odd jobs accept bitcoins. Its a very bitcoin friendly community. It should be noted that the Free State Project is not about secession or any specific political agenda other than increasing liberty. Many of us are anarchists or secessionists, but the FSP itself doesn't take any position on those issues.
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