It is surprising that Japan is not more Bitcoin friendly already.
Why is all the volume and interest coming from China?
I would have expected Korea to be more ahead as well.
Most likely it's false pride. They are probably in shock that they didn't discover Bitcoin before China. |
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Transactions only supported by fees would preclude using them for micro-transactions. Competition for mining for the fees would reach equilibrium with Bitcoin mining. There's not much advantage to them except for minimal counterparty risk.
1:1 pegged sidechains using bitcoins has currency are not "only supported by fees". Miners are essentially reward by the usual BTC issuance and additional transactions from sidechains Where are the block rewards bitcoin backing coming from if the chain is 1:1? From the Bitcoin blockchain. So if I understand this correctly, think of the altchains as a multi-sig wallet. If you wish to use some features of a sidechain (anonymity) you would essentially lock them to the altchain. From there, they would move within the altchain blockchain until you unlock them back to BTC. Any unit in the altchain is essentially a bitcoin. There is no issuance of new coins, no distribution model. Right. Then there is no mining in the SC? How are SC blockchains built? |
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Transactions only supported by fees would preclude using them for micro-transactions. Competition for mining for the fees would reach equilibrium with Bitcoin mining. There's not much advantage to them except for minimal counterparty risk.
1:1 pegged sidechains using bitcoins has currency are not "only supported by fees". Miners are essentially reward by the usual BTC issuance and additional transactions from sidechains Where are the block rewards bitcoin backing coming from if the chain is 1:1? |
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I've been trying to wrap my head around the SC debate. I can only see a 1:1 peg working without it becoming an altcoin because fractional reserve. Transactions only supported by fees would preclude using them for micro-transactions. Competition for mining for the fees would reach equilibrium with Bitcoin mining. There's not much advantage to them except for minimal counterparty risk.
It sounds like a fairly safe way to create a decentralized exchange for designing Bitcoin's replacement.
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Laws, regulations, and a mechanism to enforce both are "the fruits of civilized society." Voluntary free association creates civilization and all it's benefits. Those benefits are so great that civilization can survive (for a short time) even under the predation of institutionalized violence. In the end, however, the parasite always grows until it destroys the host civilization. Yea, except this will take us back to the wild west ages where everyone fucks everyone and where most of the opportunities are for the elites while the majority slave or barely survive in an unfair community, which leads people to rise against the CHAOS and enforce governments and laws and constitutions... you know the same circle all over again. Libertarians usually talk about their ideas of a communities without considering history of failed experiences.... you cant give too much freedom when most of the opinions varies, you have to enforce some boundaries, how would a libertarian free of government community even agree on priorities and necessities when the human nature is to fight and differ on stupid matters.... we see that kind conflicts all around the world. I used to think like you when I believed in crystal balls. Then I grew a pair. Brave New Worlds have been emerging from fiction into reality. There's no reason why a more libertarian world cannot emerge through complex systems. The reason they have never existed is because society wasn't ready for it. It still won't be exactly how Ayn Rand pictured it or even motivated the same way. There is a seed of merit in her claims, but it will take enormous resource management efficiency technology to make it work. |
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Laws, regulations, and a mechanism to enforce both are "the fruits of civilized society." Voluntary free association creates civilization and all it's benefits. Those benefits are so great that civilization can survive (for a short time) even under the predation of institutionalized violence. In the end, however, the parasite always grows until it destroys the host civilization. That's why.... I'm leavin'... On a blockchain, don't know if I'll be back again. Keep using the blockchain, earthling.  ~Your Beneficent Reptilian Overlords.  |
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One example does not prove this at all. It simply proved that no one wanted Freicoin. They might want something else with that property, but with some other differences. I have to agree with Daniel on this one. He proved fairly rigorously why demurrage-based currencies must fail, and nobody has produced a refutation stronger than, "Maybe if I hope hard enough it will work!!!" http://themisescircle.org/blog/2013/08/22/the-problem-with-altcoins/Freicoin is an idea whose time will never come. Since it rebukes buyers, it resists ever having value. Freicoin is thus not so much a scam but more an abortion. Its ideals are so refined that they eschew the merest chance of affecting the real world. Perhaps it could be taken as some sort of absurdist parody, which would be brilliant. I hope that is true because otherwise it is just too sad. That's essentially identical to the frequent argument that deflationary currencies can't work because no one will spend them (or, in his words, it rebukes sellers). Both are wrong. Gold is deflationary, manure rots like demurrage. Try spending manure. |
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If altcoins are not being considered for SC's, why do they dedicate a paragraph to Freicoin in the Economic part of the paper?
I still haven't heard a good excuse for core dev concentration in one for profit company other than "trust us".
Again, why wouldn't we expect a SC fork of bitcoin with perfect anonymity to take over?
I love the idea, but I don't get how a dark 1:1 pegged SC can have a security incentive if you are only mining for fees. |
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How much money do you make shorting?
Can someone explain it to me?
Like say you have 1 coin.
You short at $390
What does it need to hit/how do you profit?
If it goes to $350 what would you make on that?
ELI5 please someone who knows more than I do
We all have morning snacks. I see the classroom bully coming. I convince you to borrow my snack until tomorrow when you pay me back. The bully takes all your snacks, but I show sympathy for your loss. Tomorrow I will have two snacks and a new bff. |
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Curvilinear charts with lines are so 2013.  Bitcoin Godzilla doesn't care. |
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Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).
Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?
I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).
Any ideas?
Help appreciated.
Lottery tickets. Seriously  Heh, penny stocks was taken. Also, it depends on how you view the question before or after the lottery. Penny stocks have same volume? I am still asking seriously. Michael Milken made a fortune with his junk bonds and penny stocks. In the 1980's boiler rooms built the Wall Street nest of vipers we have today. edit: I'm talking about asset classes. As far as individual assets, maybe BRK.A or military contracted industrials if you count stock splitting. |
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Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).
Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?
I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).
Any ideas?
Help appreciated.
Lottery tickets. Seriously Heh, penny stocks was taken. Also, it depends on how you view the question before or after the lottery. |
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Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).
Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?
I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).
Any ideas?
Help appreciated.
Lottery tickets. |
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The old double-sneak bull-trap bear-reach-around pattern. I'm not afraid of the price falling, I'm afraid of what will be born in the Spring.  |
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Irrelevant. Japs have been irrelevant for a long time.
That's a very irreverent remark. |
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Cheap coins on sale now. Mr Bearwhale has made a generous donation.  Give it up. Nobody falls for the "cheap coins" thing anymore. Look at all the positive things going on in bitcoin. 2 years from now everyone will be calling today's coins cheap, even the perma-bears. The network is growing much faster than bitcoin price, but it'll catch up once consumers have more of a reason to use it (as all of these projects develop). Especially with remittances and projects similar to btcjam and openbazzar come out. Right now most people are selling, but when consumerism increases hopefully you won't miss the boat. It's not that. When (not IF) the panic buying "correction" comes in, good luck getting in a trade before it peaks again. All you get is cancelled orders and apologies from the exchanges. |
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but the MT.GOX incident has affected his reputation.
Agree, unless MtGox CEO will make harakiri, Japanese will never let it go. Is it still okay to make cultural epithets toward Japanese people? My PC meter broke after Obama took office. |
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Wake me up when Bitcoin is in a multi trillion deficit, then maybe economists will take it seriously.  |
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SC won't solve Bitcoin's scalability because they will optimize spamming Bitcoin for metadata. We'll be right back to the block size argument again. In fact, they will make it happen much faster.
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Please keep us posted. We're hoping for another Russian Bitcoin ban. |
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