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Well, Bit-pay is also convenience within the status quo system.
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I guess convenience within the status quo system isn't cheap nor do I think it should be. |
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Stuff like these regulations by the state make my head want to explode. I cannot express in words how pissed I got when I read the OP.
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Looks like Jon Matonis's articles are a regular thing now in Forbes  Bitcoin Doesn't Need a Dongle Jon Matonis 2012-03-24 http://www.forbes.com/sites/jonmatonis/2012/03/24/bitcoin-doesnt-need-a-dongle/?utm_source=twitterfeed&utm_medium=twitter...dongles equip your mobile phone to accept and process credit cards securely by inserting the device into the smartphone’s 3.5mm audio input jack. Apparently, this passes for financial innovation in mobile payments but I file it under the ‘not-disruptive-enough’ category. Truly-disruptive financial innovation is already here with decentralized bitcoin. And, bitcoin doesn’t need a dongle! ... The easiest way to circumvent the high-fee transaction networks is to utilize a different currency unit since it does not come with the same handicaps and legacy restrictions of a political currency unit. Erik Voorhees states that we need to advocate “the separation of money and state.” .. Yep, and this is his blog page http://themonetaryfuture.blogspot.com/ where on the right side he has a Bitcoin address if you guys would like to show him some appreciation for his work. |
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Isn't it funny? They believe it's a weakness of Bitcoin that it is limited in supply and believe this will lead to it's downfall and yet they have now for the first time paid out a salary in this same currency. I wonder why that is. I wonder if the same thing would happen if Bitcoin wasn't limited in supply.  |
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Yep OP, that's how I advertise it to merchants.
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Would be really cool if you could code that into the GUI  |
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Debt is not slavery.
Debt is slavery if the lender created the loan out of thin air and is charging you interest on it. Play this game long enough and you will become the lenders actual slave. |
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And here is something very interesting:
If a society get very high jobless rate and all those jobless people do not have enough money to spend, they will tends to create their own money and grow their own economy
If 20% of people in the country do not have enough money to buy food, and some of them have the ability to produce food but can not sell to market, due to they can not compete with cheap and high quality products generated from highly automated product lines, they can still produce food and sell to other people who produce other similar products, by using another currency
For example, a bread produced by big super market cost 1$, while the bread produced by a private people A can cost 4$, so A has no way to sell his product due to higher cost, and does not have any possibility to earn any income. However, another people B also doesn't have possibility to sell home growned cucumber at $4, but he can exchange his extra cucumber with A to get some bread, thus they need some kind of currency to facilitate their trading (they do not have dollar, if they have, they will buy bread and cucumber from super market at a price of 1$), that's where BTC fits in
Sir, it is obvious to me by reading your post that you have: a) no idea what money is b) no idea how money originally came about c) no idea what role it was intended to originally fulfill d) no idea what is a good money I suggest you start learning by watching an introductory video here: http://www.youtube.com/watch?v=vowbrq_g5NM |
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price will fall (deflation), it's actually discourage economy growth if used as a currency Sir this is a deflationary fallacy proven by historic evidence of the industrial revolution amidst a long period of gradually falling prices and money gaining purchasing power. |
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as long as central banks make sure the money keeps its value (low inflation), there will be no complain Sir, that's a contradiction: low inflation != money keeping it's value An inflation of 3% will HALF the purchasing power of your money in just 23.3 years! Inflation of 7% in 10 years, 10% in 7 years, 15% in 4.66 years, how is that money keeping it's value? What central banks merely ATTEMPT to do is to keep the devaluation orderly. That's what stable inflation is. |
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Does your client support choosing from which addresses it takes bitcoins for an amount exceeding the amount stored on any particular address? More simply put, can I choose from which one of my addresses can I send bitcoins?
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Their criticisms: http://p2pfoundation.net/Bitcoin_-_DiscussionSummary of a p2p-based critique by Michel Bauwens
[...]Secondly it is a 'scarcity' based currency, subject to hoarding and wealth accumulation (only 21m bitcoins will be created, insuring a constant growth in value), that does not really change what is 'wrong' with the current currency system. [...]
OMG THE IGNORANCE. My head wants to explode when I read something so obviously wrong like this. Damn people living in fantasy land completely and utterly ignorant to what the reality really is. |
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I'm really saddened that everyone is so fixated on the amount of BTC that was stolen instead of the crime that was committed and the perpetrator. I want someone to investigate Linode because I don't trust their word of how this crime came about. I want someone to go there, and do an independent investigation and verify what they are saying.
I don't want to force reimbursement, I don't care about that. What I really care about is whether or not Linode really was a victim in this or not especially because that's what really matters for the rest of their clients and their future. I actually don't believe they should be forced to pay something/anything back that wasn't preagreed upon in a contract with them.
Just find out if they actually are a victim in this so their customers don't get hurt again.
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The first one.
And yes, anyone can check an open source project what it does but:
1st: I had no idea if it was open source, I didn't research everything you information you have to offer on it but I didn't notice it
2nd: not everyone is a programmer and can read code
So my suggestion was just something to help you get a wider user base be more comfortable in using not, not some sort of an accusation or something..
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I still say they should be sued. It happened due to their own internal policies with employees and security, not because of the customer's account security. How is that not 100% their fault?
Well if their terms say they aren't liable maybe not sued but definitely investigated by some external crime fighting agency. I mean are we to seriously take just their word for what exactly happened? If it's an American company I'd contact the FBI. And if it's not it'd contact their countries respective crime fighting agency. Let's not just rollover every time someone get's their wallet stollen, these things can get investigated, if not by tracing the money, maybe they can do it by tracing the breach. |
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BTW it would really help you if you had your code reviewed by someone with good reputation and given a stamp of approval to raise you're trustworthiness especially since you're client is talking to your server.
If you've already done that, I apologize, but I didn't find it mentioned on your webpage.
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nvm I completely misread your OP, I apologize.
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Interesting, you get 0.01BTC to play with. My account balance is 0.01BTC but my accound address has nothing in it according to blockchain.info
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Using phrases like dictatorial control is just gonna turn most people off, and they'll just think of you as "that guy".
I said "almost dictatorial control" which is a big difference. I'm exaggerating, sure, but I didn't go overboard by saying something crazy like "I hate those fascistic vampire dictatorial banks". So if they share the sentiment at all with me I think my message should hit home pretty good. You see, I didn't even notice the almost part, when I hit dictatorial control my eye started twitching and I just skimmed the rest, and I'm sure he did too. Sure occasionally you might get lucky and find someone who actually agrees, but the average joe isn't. He doesn't know how money works, he doesn't know about inflation or deflation, the role the banks played in the economic troubles we're experiencing, or even what economic troubles we are experiencing in the first place. Spend more time extolling the virtues of bitcoin itself and what it can actually do, and less bashing the banks. You mean to tell me merchants don't realize how powerless they are when it comes to control of their bank accounts or paypall accounts??! How can Bitcoin ever compete then if people don't even feel like there's room for improvement? |
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