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I tried it before and it didn't work. Nobody sent me a tip. Maybe it's me, but I think most web users don't have a culture of tipping.
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The cloud-based database which automatically records all BTC transactions and keeps them forever for everyone to see.
The idea of "automatic recording" is important to me, because sometimes, you wish you'd be able to make unrecorded transactions.
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What if someone asks you, "How is it possible that bitcoin (the currency) has no central issuer?". Would you be able to answer that without doing a little bit of research?
I wonder how many people out there have gotten as far as wondering where money comes from and who's running it. I would've thought it's just 'there' for many of them. This is it. BTC needs to reach that same level when people do not question it. On every dollar bill, there's someone's picture, with his name below. You look at him the first time you have the bill in your hand, and then you forget who he is, what he did and why he's there. You just don't care. There's that Federal Reserve somewhere out there printing the bills, and there's that blockchain thing keeping track of all transactions. There's fish in the ocean, too. |
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Amazing: One persistent problem for the bitcoin market is it can be hard to trade because there aren’t enough buyers and sellers at exchanges. I have never experienced a shortage of buyers nor sellers. Did anyone, or am I playing too small? |
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i don't think Silk road was a blessing. What I see as positive if that the original Silk road is dead, but that BTC survived, and it's getting stronger.
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Thanks for info. It's nice to know some places are more advanced than others. California has always been quick to adopt new technologies... But it can be as fast forgetting them.
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There other words. "Libertarianism" may not be the most popular. You may also check "Anarchy"...
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I have interests in Nigeria, and this worries me. The new president has been elected because of Jonathan's failure in dealing with Boko Haram in the North. The new guy is tougher, and experienced, as he was a military ruler, and he's also a muslim. He may be successful in crushing those terrorists but many wonder how he will handle the economy, and attract foreign investors now that income from the oil has fallen.
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Read and reread Mastering Bitcoin by Andreas Antonopoulos. It's a good reference material for explaining Bitcoin.
No way! If you've got to read a book to be able to use BTC, BTC will fail. Did you read a book to use fiat money? You didn't and that's why fiat money has been so successful for centuries. BTC needs to reach that stage. |
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I had a most interesting discussion with a investment banker today. I asked him the question... "Do you see Bitcoin as a disruptive technology or a threat to the traditional banking system" His answer {Most arrogantly} ....We do not consider Bitcoin as a "real" currency.  I quite agree with that. BTC isn't a real currency, but it's definitely disruptive technology, and a threat to the traditional banking system, albeit a small one at this stage. |
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I've merely given said examples as a way to convey what I wanted to say - if you know the technicalities, you can predict and react appropriately to price changes in order to preserve your capital and not have it halve several months down the line. And as I mentioned, it isn't needed to know about how your currency works to survive, but is needed to prosper.
I agree with what you say. In general you can divide capital into cold money and hot money. Things are more greys than black and white but suspending this realization for a minute, the cold money is that of the hoarders, the hot money is for the investors. In the bitcoin world money is coming into the system at a rate of 25 every ten minutes. Now, that money is most probably completely sold off to pay for the electricity and rent. Mining is not an altruistic activity now. The business man sells his bitcoin so he can keep operating. Users use bitcoin to live without creditcards. This is the hot money. A part of the money in the system is being saved, and not used in the economy. There is money in cold wallets. This money is virtually not part of the supply. This is the cold money. When the award halfs, we will only be able to buy half the amount of bitcoin from the miners and so we will have to go to the hoarders who have already obtained it for the other half. Now, if bitcoin is going to tend to say $200 in spite of 25 BTC being created every ten minutes, it is bound go up when the creation rate halfs to 12.5 BTC per ten minutes. sdp OK, examples, but block halving is a very bad one since it happens less than one a year. It would matter if it happened every month, but we're far from that. Next one is this summer, and when is the next block halving? Many world leaders will have changed by then, and they may edict very strict regulations on exchanges which may jeopardize BTC's growth. So politics could be more important than tech, but that's not my point. BTC is now very well known among geeks and web professionals, but BTC needs to be as easy to use as facebook of instagram to convince the general public. So maybe instead of explaining tech, BTC shall carry the message that it's the best tool to send money to a friend, or anyone, anywhere, fast and cheap. |
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I can't remember the details, and it depends of the airline, but I know it's perfectly possible to transfer your miles legally. Airlines are from equal on that matter.
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I guess it's not important regarding the usage aspect as it doesn't exactly require much knowledge to use one of the light-weight Bitcoin wallets and it is practically identical to using online banking if you use an online/semi-online wallet, however, as Bitcoin is a technological currency, one should understand how it works as there is no man up top who will adjust the currency so that your salary wouldn't reduce by half in a couple of weeks. When you know how it works, you can observe and predict what will happen as a result of the block-halving, selfish miners not including transactions in blocks, majority of the hashrate belonging to a single entity, etc.
Block-halving do not happen very often so I don't see this as an issue. Ditto selfish miners, there will be another miner to do it (if the normal fee is included, but recent software don't let you send a transaction without a fee), there's more of a problem with hash rate, but is it? Many people don't know that when they pay tax, they do not finance roads or schools but they're financing the deficit and the huge debt the country has accumulated. Many of the world richest countries would be declared bankrupt if there private businesses, but life keeps on going without many worrying. |
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It isn't only Obama, many countries want to do business with Iran. It's a market with nearly 80 million consumers, and it isn't third world, there are huge business opportunities. Obama talked about the American people, it should have said American businesses.
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Regarding that al-shabab group, does anyone know how they're funded? They've been active for a while, so they've got to have some money-making organization behind them.
They have multiple sources of financing. Some of their funds come from Somali pirates. Some of it comes in the form of commissions levied on remittances from abroad. OK, thanks. I think piracy is down thanks to increased security with more international patrol boats. So that leaves remittance, but I don't expect this to be large. It isn't like ISIS which started with the backing from some guys with big money in the Gulf. |
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The market seems to be very hesitant whether go up or go down. So comes the zigzag lines.
This can be said of many, many stocks... |
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I know several girls and boys in my clique who have absolutely NO idea how a car works! But they all have driver's license and can drive a car. But really absolutely no knowledge about the technic behind that. Or use the internet as example. Most people know how to use a web browser to surf in the web. But ask them if they know what happeneds in the background when a webpage loads on the browser. The border gateway protocol routing algorithm that takes the TCP/IP package that your browser sends, uses the IP adress etc.....95% of the people have no fucking clue! But they know how to use a web browser. We have to make bitcoin more user friendly. It feels a bit like in early 90s of the internet now without browser and search engines. I'm sure there are companies working on that.At least I hope so.  Very true. I remember a survey among young drivers where most said they would totally unable to change a wheel. Sometimes, I feel like an older guy, but it isn't bad because every guy of my generation knows how to change a wheel. Back to the subject, BTC needs to evolve to be usable by the silliest young teenage blonde you can find. That needs it has be explainable without any vocabulary only a geek would understand. |
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I m not talking about security. I am talking about investment options and projects.
In order for people to perform transactions, they need to have some sort of consumer protection.
So what extra regulation do we need? If you order goods from a respected shop, or invest into a trustworthy bank, you will get the same consumer protection whatever the currency. Say, if you open a non resident account in a major bank in London, they will offer you the choice of getting it in $, £ or €. The Sterling isn't the only option. What we need is better BTC recognition from the leading financial players, and I'm not sure regulation would bring this. |
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This has been talked about already. BTC may help women keeping their money for themselves in the countries where normality requires women to give everything they earn to the family's chief, that is the husband, the man.
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