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Well since the bitcoin economy lacks a number of major components like... a stock market, insurance etc. There are a lot of opportunities that will, at the same time build up and make the bitcoin economy more robust.
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The convienience thing could be taken care of by distributing the client with i2p or tor, kind of like the tor bundle, which is really great. So yeah, unless that became a kind of default MO for bitcoun client such a thing would hurt, a lot.
So we really dont need to worry about them trying to disrupt our market with swings, thry'll be kicking down doors long before then.
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This is one of the last things the authorites would do to stop bitcoin. Banning the protocol and bootstrap servers, while at the same time shutting down all the exchanges and arresting all the exchange operators would be much more effective.
That would cut down bitcoin usage to a fraction of it's normal level.
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Well there will always be black market gold, but it wont be as easy to trade as bitcoins. |
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Well as long as you keep the btc(not even trade it) until it's trading for over $2 you should be fine.
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Goes to ryland, thanks to everyone else who contacted me about this.
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Well giving him some btc to play with to try out the system is quite a bit different than paying him in btc to audit it. It does make sense in terms of making it easy for him to get btc, not having to go through the exchanges etc. But this doesn't require a lot. Your 100btc should be plenty for him to get started with.
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I will listen to anyone's opinions on this..... EXCEPT those who have... credentials in economic theory
....because they are like film and theater critics: (1) full of themselves, and (2) almost always wrong. +1 These are the "experts" running Ireland and Greece into the ground, the ones who said everything was fine in the economy even after it had gone over the edge and have been wrong on EVERYTHING. Sadly these are also the people who seem to be in charge, which is one very important reason to get control of our money(and anything else we can) off them. |
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would love to but my connection is terrible. I don't even watch video online it's so bad, even from Chinese video websites.
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oh well, withdraw my pledge then.
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Have you asked Gavin if he'd do this? If yes then I'm down for 250BTC
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I've got a vps and am looking to get a rails application set up ASAP. Will give shell account to do this, need done ASAP. Application to set up is: https://github.com/spot-us/spot-us pm me, ASAP |
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In the bitcoin world, right now $10,000 is quite a lot. So if this is the case, that is just a few players with 10k are buying, selling then the reaason for the large swings is that the market is relatively small.
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For online purchasing of credit(in EU anyway) it goes straight to the phone, you don't get a topup code.Im sure there must be some way to automate this though.
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We really need more users, and I'm a bit worried that the people who have huge amounts of bitcoin squirreled away from when it was easy to generate can, even inadvertently, cause huge fluctuations. If bitcoin is going to acheive mainstream acceptance as an online currency the value needs to be somewhat stable, at least to the point that people are confident that if they are only using it for online transactions that they can trade back to their currency of choice without a large loss in value.
I doubt if someone who has a big stash of bitcoins is going to dump the whole lot in one go, surely if they do have a large amount then they think it's valuable. Therefor they will hold on to as much as they can, and will spend or exchange only when they need to, which will be in smaller amounts. I speculate that such a person is more likely to trade with their bitcoins than exchange them. Unless you hsve a high constant income in bitcoins exchanging them for a little cash seems.... a waste, especially if they are the users savings. I would also speculate that these people are more likely to invest their bitcoins than just spend them on goods or services. |
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I must disagree, theymos. A P2P system does not have servers. Instead it has a network of nodes that each as as important as any other node. A email server interacts with clients by hosting and/or routing all of the mail for the clients. In order for email to be p2p there would need to be no servers, only a network in which every node hosted a share of the required workload and a share of the disk space. The benefits of this system is that if a single node went down the network could have enough redundancy for there to be no issue. In a server based system like current email if the server goes down then there is no way for the network to function. Of course, storage of messages would need to be encrypted like any P2P storage network.
Thank you, Nefario. I will look into that i2p email program. Perhaps it will be what I am looking for.
The application isi2p bote. But just on what you said about p2p not having servers is you're wrong. All p2p services, networks whatever work on a client server basis, the difference being that every client also has as a server, each node can act at any time as both a client and server. |
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The man still owes me a set of goods. I want to give him the benefit of the doubt but it's been awhile.
Join the queue, by the way, he contacted me said he happily agrees to this, so it depends on others now not doing business with him. |
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ther is a p2p email program running on i2p, cant remember what its called
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Did I ever tell you that you are my hero?
Have I heard that somewhere else before? But yes,that is just great, great, great! |
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