if I have it right the maximum number of transactions btc network can handle is 7 per sec. coffee purchase and walmart trip has to go offchain eventually.
I've seen the "coffee" argument before (and may have used it once before). What would be possible outcomes to overcome it? Payment providers, credit cards... Which is basically back to status quo... |
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We are moving towards time when this is possible.
We currently have system that don't intensive working while at same time does provide basic survival. Basic income would allow people to choose to work for their own benefit. It might increase labour costs on some sectors, but that balances out on long run...
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I wasn't joking when I said Bitcoin's developers suck.
Bitcoin is in beta. That fact should be in front of every news story and public appearance. I wouldn't say the developers suck so much as they are overwhelmed with too many priorities, due to a too-fast growth. Bitcoin is being overextended, partly by its supporters, but also by its opposition. There is a risk that the broader cryptocurrency effort will be discredited by a great failing of its most noteworthy example. Killing the ponzi element would not be a bad thing. If Bitcoin grows in its season, blooms, casts off its seeds and browns for the winter, we ought yet look forward to seeing what may come. Its in beta. The true advocates of cryptocurrencies should give up notion that because they were early adopters they are entitled to massive gains. Bitcoin has many real issue, these are likely only solved with more advanced versions. Like we are slowly replacing IPv4 with v6. It's good proof of concepts which can also show the issues with such systems... |
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Well he can't do that if he doesn't have any private keys. He could post with his Bitcointalk account if he still remembered the password. http://bitcointalk.org/index.php?action=profile;u=3If the Last Active date on his profile ever becomes later than December 13, 2010, 06:45:41 PM you know he has been back, even if he didn't post. Hmm, that is if we trust the admins here... Probably block 1 reward is option... |
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And even if people were to pay to deposit they would still lose their money if the bank goes belly-up?
Lovely...
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When bitcoin gets more widely adopted and they realize it's a serious threat then they'll start fighting it.
First they ignore you. <-We are somewhere
Then they laugh at you. <-around here
Then they fight you.
Then you win.
Hmm, looks good for the radical Islamist... My viewpoint is that it's not just Visa etc. It's also Amazon, Walmart etc. etc. |
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Slavery is not anarchism. Anarchism involves freedom and communal efforts as humanity.
Debt is slavery.
Surely there would be debt in an anarchist society? Until we grow past money. How long that would take? |
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isn't this wishful thinking? you're saying that nobody would own slaves because it's bad.. but you know what? the past is an indicator of the future, and throughout most of mankind's history, we've had slaves. in a dystopian society, which is what would happen under a worldwide anarchist government, i'm sure the few bad guys wouldn't mind owning slaves.
Slavery is built into human nature and it's exactly the state which is constraining it. But the primary reasons for this are not empathy and all other such things but rather economic ones. The present level of technological development makes slavery obsolete because under present conditions it is an inefficient form of organizing human labor...  Take any primitive society and they beyond doubt would have slave labor... Even ants have slaves!  The reality is that near slave like conditions still exist in some cases in West. Often even with apperance of everything being right. And the victims might not even understand they are slaves... I understand that slave like labour has been used atleast in some restoraunts here. That is for labour intensive stuff that can't be always automated. On other hand for many things it's not just cost effective anymore. Farming, mining and so on, much cheaper to get machines... |
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Remember there are seven billion people in the world, and only 12 million bitcoins.
Not everyone want Bitcoin, some want litecoin, primecoin etc.... I'm waiting for the govcoin or eurocoin Govcoin? Naaaah, bad features: unlimited, value based by gov, slow and boring  But hey, atleast someone would accept that one |
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Remember there are seven billion people in the world, and only 12 million bitcoins.
Not everyone want Bitcoin, some want litecoin, primecoin etc.... I'm waiting for the govcoin or eurocoin |
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Businesses solely working with BTC.
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Ponzi and pyramid is a specific kind of schemes...
Bitcoin might be a mania or used as an investment scheme by some part of users...
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Ponzi is where new investors investments are divided up as "Dividends" and Pyramid each bottom referral blosters up the reffers balance.. correct?
Pretty much, my take is: Ponzi is where central person or group pays old investors with new investors money. Pyramid is same, but with recruiting bonuses paid by recruited people... That is my understanding. |
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Just want to get info on these terms.
I go with option 6. That both terms are incorrectly used.
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Why is it always "omg the roadzzzzz!!!"?
Maybe potholes on the federal highways will actually get paved with bitcoin. Who knows. If one pothole can be filled, it's worth it. Yeah, the save the roads bunch has never lived in Alaska or driven thru Arkansas! I just can imagine what state the roads in here Finland would be in couple years... I don't think we really would be better of without government... Though I'm not saying it doesn't have problems... |
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this is pure bullsh*t, if it's not a financial service or a currency what dafauq is it? :/
Virtual commodity? I had to do this, but you have a point  And even considered commenting on how stupid the term virtual commodity is... |
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Network effect is nothing, when you can get multiple big retail chains in the loop and start paying in the new currency.
Which I see the realistic future if cryptos are the way to go. Why give wealth to someone else when you can keep it for yourself...
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Probably not...
If you still want to invest, invest the amount you are ready to lose. Or minimise your losses when time comes to it...
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this is pure bullsh*t, if it's not a financial service or a currency what dafauq is it? :/
Virtual commodity? |
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Will someone test what is the real market cap?
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