Internet gambling is illegal in the US.
Only in some states that have a specific state law saying that gambling is illegal. As far as I know there is no federal law explicitly outlaw gambling online. I am pretty sure that there is something that prohibits gambling using interstate communications (the internet) The FBI ect maintains that it is, but some lawyers argue that it's not exrpessly prohibited. The Wire Act is from 1961 so thre is some grey area here with the internet. from wikipedia: "The United States Court of Appeals for the Fifth Circuit ruled[26] in November 2002 that the Federal Wire Act prohibits electronic transmission of information for sports betting across telecommunications lines but affirmed a lower court ruling[27] that the Wire Act "'in plain language' does not prohibit Internet gambling on a game of chance." But the federal Department of Justice continues, publicly, to take the position that the Wire Act covers all forms of gambling.[28]" http://en.wikipedia.org/wiki/Online_gamblingAnd the more recent UIGEA law pertains to the transmission of funds and not the act of betting itself. |
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Yea, Mt. Gox was one of those places that even non-crypto currency persons may have come across or at least heard of. Don't think they'll be able to make a come back with all the negative press that came out on them.
Yeah a lot of the uninformed public thought that Mt.Gox = bitcoin. And when Mt.Gox went down that meant that bitcoin was over. It was fairly big news when they lost the half a billion dollars worth of bitcoin or whatever it was. I think using the same name in the future if another company took over the company would be a big mistake. |
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51% of the accidents will not happen, I believe bitcoin team.
Too late  |
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It kind of seems like they're just putting in bitcoin as a wildcard based on whatever the user chose. It could just as easily have been Square, or Dwolla or something, right? Wrong. Bitcoin is nothing like Square or Dwolla. They are not even close to being in the same league. Of course bitcoin is nothing like Square or Dwolla. I'm saying that the survey is asking the same questions no matter what you pick in the initial questions. All they do is replace the word bitcoin with whatever you chose. |
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This is a very interesting idea and I've often thought about applying the open source concept to business, and how that would work out.
One issue might be limiting the growth of the business by paying out too much of the profit early on. How do investors decide to take out their profits or invest in growth? If even a small percentage completely take out their profits it can really hinder the growth of the company I think.
If the founder need more capital to grow, he can decide to expose the case to investors, and run a vote to issue more CC. I think that if there is lots of growth possible, then the investors already having CC, won't mind being diluted a little bit. Why ? Because, contrary to classic shares, CC gives right to direct and real time profit depending on sell volume of the company. Sure, their CC will be diluted, but if the business can really grow, the whole pie will be bigger. The investor would be able to evaluate the need for such capital growth, because they would have access to the published PayingKey to verify the financial status of the business. Yeah that sounds like it could work. I would love to see this put into action at some point. Would a protocol for this have to be written from scratch, or does something like NXT already provide some of the features necessary? |
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Unrealistic. GHash has 0% fees, so hard to beat that. On top of that, a huge part of cex.io power is their own mining hardware.
You wouldn't go anywhere near 50% by just attracting greedy miners.
I'm saying a pool could easily beat that by paying negative fees or other incentives that provide enough of a reason for miners to switch. They say cex.io is 25% of their hashing power. Even so that would mean you would only need 12.5% of the hashing power to meet or exceed Ghash. |
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Is he concerned about a design flaw within Bitcoin or a design flaw with the open source project system?
ACH/EFT has had numerous attacks against it and numerous design flaws. The responsible team discovers the problem and corrects it, no big deal. That's what needs to happen with the design flaws within Bitcoin. The problem isn't that Bitcoin has a basic design flaw it's that no one is fixing it.
Solutions are already being talked about. http://www.reddit.com/r/Bitcoin/comments/282j4m/petamine_1150_ths_is_considering_joining_p2pool/P2Pool with a subsidy provided by the greater community (I'd throw them a couple coins a year) would do wonders. It could very easily become the most profitable place to mine if the community made it so. I'm anticipating this being the scenario in the not too distant future. I've been reading this 51% attack crap since early 2011 and it isn't fixed yet. Why? Is it because back then it was just Tycho, Slush, Eleuthria, Graet, LukeJr and a few others. They are all swell guys and would never hurt the network, right? Well, that's the thinking of a child's mind. You don't let a major issue sit unsolved for over three years where money is involved. I read a thread once where Gavin was talking to etotheipi and rambling on about prioritizing issues because he could only handle so much at a time. Tough shit. You can't handle the workload then get more people. Bitcoin is no longer here just to intellectually stimulate a select group of developers. It's real money we're talking about. You would think that the foundation might spend some of that money it's built up on more programmers. I'm sure there are lots of extremely talented people in the world who would love a chance to work on a challenging project like bitcoin. |
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Is 1.26% natural population growth considered high or low?
I don't know much about demography but it's pretty interesting to see how populations develop.
Compared to the other world nations, 1.26% population growth per year is higher than average. For example, the same for the United States is 0.55% per year. Out of 224 countries and territories, Malaysia is ranked 101 in terms of population growth. But it has to be noted that most of the population growth is driven by the Malay (mostly-rural) population, while the minority population (Chinese, Indian) is growing only very slowly. If trends continue, within the next 20 or 30 years, Malaysia will become a more homogeneous country, with a large Malay majority. I guess some of that can be contributed to cultural differences between the Muslim Malay population and the Chinese and Indian populations. |
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Words relating to pay expo
sending an ounce of silver to say thankyou for the hard work. How does this work? I saw you have silver listed on NXT somehow from a giveaway thread you posted(I think it was you anyway). When you say you're sending him an ounce of silver, does that mean you're sending him coloured coins or something at represent 1 oz of silver? How does one redeem them for real silver? Yes i am sending a colored coin. For the lower 48 in the US, inorder to redeam one must send an amount of tokens divisible by ten to the issuing address with an adjoined message containing the mailing address that you would like the coins to be delivered to. Shipping to anywhere else should pm me to discuss specific arrangements. This is really cool to see a real world application of coloured coins! Someone could even trade that silver token for some coffee beans or something if someone sold coffee tokens as well. I wonder what sort of commodities trading we'll see. It's an exciting prospect in my opinion. |
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congrats on your wedding but...
what?? you will put a contract on blockchain? do you think blockchain could last forever as your wedding?
errhhmmm well i dunno bro the thing about the wedding is sacred i dunno maybe its just me but i will never ever do that thing seems that you are not so serious about getting married it will be safe to put all the funds on the bank
But isn't the blockchain probably the one piece of data in the world that is the least likely to be lost right now? |
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You missreed something. Painting is to be bought by community and sent to specific organization or individual.
For example, I'd provide BTC address and once coin received reach threshold painting would be sent to Bitcoin
Foundation, Gavin Andresen or someone else, it is up to you people to decide. Of course, I am perfectly fine
with more then 1 painting sold. Here is the short list of potential painting recipients, freely suggest more please:
Bitcoin Foundation
Coindesk
Blockchain.info
Bitstamp
Huobi
BTC Guild
Eligius
Wladimir J. van der Laan
Gavin Andresen
Jeff Garzik
Gregory Maxwell
Nils Schneider
Pieter Wuille
Luke-Jr
theymos
John K.
Meni Rosenfeld
Would it be easier if I just provide massive recipients list and assign BTC address for each entry on that list?
z.k.
This is an interesting idea, buying someone or some group a painting on behalf of the community. I'd imagine organizing such a thing might be tricky as deciding who should get the painting(or paintings) might be hard. |
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Is he concerned about a design flaw within Bitcoin or a design flaw with the open source project system?
ACH/EFT has had numerous attacks against it and numerous design flaws. The responsible team discovers the problem and corrects it, no big deal. That's what needs to happen with the design flaws within Bitcoin. The problem isn't that Bitcoin has a basic design flaw it's that no one is fixing it.
I don't think the dev team views this as a problem that should be solved by technology and instead one that should be solved by the community. I wonder how big of a mistake this will be. Clearly Mr. Todd thinks it's a big enough mistake to justify unloading half his coins. |
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I remember that being pretty interesting when people were buying and selling coins through the dark pool.
I'm not sure what to think of it really. I can see the advantages for large buyers or sellers in some cases depending on the state of the market.
Has a site ever considered bringing something like that back? Is it unethical to offer that(I have no idea, the whole thing confuses me a bit to be honest)?
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So if I am an early adaptor and own 30k coins I can crash a market!? So bitcoin has still a long way to go...
Funny thing is that the 30k coins haven't even been sold on any market yet. It's just the thought that they are about to even possibly be dumped that is scaring everyone. |
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People have been buying gold and other precious metals for bitcoin for years on this very forum. I don't understand why being able to purchase something with bitcoin equates to bitcoin being 'backed' by that item. Care to elaborate? |
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As evidenced by miners clearly being influenced by their short term economic gain it seems a bad actor could launch a >50% attack much more easily than actually hashing the majority of the network themselves. All it would require is a pool run by a bad actor that simply offered economic incentive sufficient to attract miners away from Ghash et al. If miners as individuals are incapable of ignoring the lure of immediate gain, the bad actor could simply operate a pool at a loss for a short period of time and gain control of the network. This would be much cheaper than any other way of mounting this sort of attack.
This is the main issue as I see it. Thoughts?
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It kind of seems like they're just putting in bitcoin as a wildcard based on whatever the user chose. It could just as easily have been Square, or Dwolla or something, right?
It's still good that bitcoin is included, but it's not like it's a specific survey just about bitcoin, right?
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Words relating to pay expo
sending an ounce of silver to say thankyou for the hard work. How does this work? I saw you have silver listed on NXT somehow from a giveaway thread you posted(I think it was you anyway). When you say you're sending him an ounce of silver, does that mean you're sending him coloured coins or something at represent 1 oz of silver? How does one redeem them for real silver? |
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It is not that simple.
1. The ethnic composition only takes the Citizens and Permanent Residents in to account. 3.3% of them don't belong to the Chinese, Malay or Indian ethnic groups. They are mostly Eurasian, Filipino, Indonesian and European.
2. The birth statistics on the other hand, are given for all the births in Singapore, including those to foreigner parents.
Oh that makes sense then. I was thinking the births were citizens.
Demographics for Malaysia (2012).
Crude Birth Rate: 17.2 per 1,000 (decline of 0.4 from 2011)
[CBR is 20.7 for ethnic Malays, 19.0 for other native, 12.7 for Chinese, 12.6 for Indians and 10.4 for others]
Total Fertility Rate: 2.118 child / woman.
[TFR is 2.667 for Malay, 2.319 for other native, 1.667 for Chinese, 1.503 for Indians and 0.988 for others]
Crude Death Rate: 4.6 per 1,000 (decline of 0.1 from 2011)
[CDR is 4.9 for Malays, 3.5 for other native, 5.6 for Chinese, 6.0 for Indians, and 1.6 for others]
Natural population growth: 1.26% per year (1.29% in 2011)
[NGR is 1.58% for Malays, 1.55% for other native, 0.71% for Chinese, 0.66% for Indians, and 0.88% for others]
Total live births: 508,774 (Malay - 306,506, ON - 66,080, Chinese- 82,796, Indians - 24,600 Others - 28,792)
Total deaths: 136,836 (Malay - 72,346, ON - 12,161, Chinese- 36,304, Indians - 11,706 Others - 4,319)
Is 1.26% natural population growth considered high or low? I don't know much about demography but it's pretty interesting to see how populations develop. |
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Please let me know if/when you are having any special offer on "Ultimate General: Gettysburg".
I'd never heard of this game before. Looks pretty cool. Is "Ultimate General" a series of games? I looked on google but only the one seemed to come up. |
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