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Just trying to compile bitcoind tonight and this is *still* an issue. This is just crazy, so many open standards for data storage around (XML, JSON, CSV even) and we're stuck with some obsolete binary format?
If you need the features of a database, fine, implement a database but don't tie it to a specific implementation, don't treat it as the wallet and don't expect it to be portable.
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Coindesk has picked up the story and gives the same account as that reddit post translation of the original Nikkei story. I'm surprised he hasn't been charged until now, but it often takes the police a long time to gather evidence. How long would his sentence be if he's found guilty of all charges?
Forget gathering evidence, it probably took a long time just to work out wtf they could charge him with. |
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Payout from 8-10, Beijing time and min 0.001...
Owed 0.008 and it's 10:30 beijing. Am I mining the wrong pool?
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Man, I'd be delighted to get some cheap(er) coins at $250! But alas, the price stays consistently above $280.
PS: the FUD trolls are getting less ambitious by the day! That is, if they show up at all. Whatever happened to that guy that said there would be double-digit bitcoin on the way!? Oh, well.
God love the hopium trolls. "I dont care how much it is!! I wanna buy it, because 2.1 million coins! Because anonymous!! Because I've got beans n' ammo in my basement!!  I need to buy some beans. |
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Surprise surprise... a payment method that most people don't accept is viewed as inconvenient. Yeah, that internet. You need a computer, then you need a modem and the drivers won't install and all those PPP settings and dial strings. And it ties up your phone line and your kid picks up and you disconnect. Never gonna catch on  |
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no demand. do demand at all, guys. that's the fuckn problem. the sheeples still are using fiat scam coins because there is no need for them to do otherwise they are indoctrinated by the fuckn goverment.
A million bucks worth of Bitcoin created a day, price not moving and there's no demand. Oookay... |
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Well I would say, there is no real reason for Bitcoin to really shoot up... There is nothing driving the price up.. No China, No Willy Bot....
If the only thing Bitcoin talks aboutt in the last couple days is Mike Tyson Bitcoin ATM shit is about to hit the fan I would say...
Could be. I'm not promising anything. |
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It's starting to feel more like launch time than it has in a long time.
because? To me this looks like a lot of hopium by the people who missed the moontrain 2 years ago holding the price at these levels... Just because it does. It's just a feeling but a lot of the movements seem like the ones we had before when things took off. We probably need a nice flash-crash to get things moving. |
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It's starting to feel more like launch time than it has in a long time.
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I had an ad up on Mycelium's Local Trader to buy bitcoins for cash. Someone responded to my ad and asked me to email them a Gyft card and said that then they would release the bitcoins. My understanding is that Local Trader is not set up for online trades and is for in person trades only. I responded to them that they can use their bitcoins to buy a Gyft card directly and I canceled the trade. I'm 99% sure I would have been scammed had I gone ahead with the trade. Anyone have any similar experiences?
Have seen a couple like this myself and someone trying to use Western Union. No successful trades yet. The bad thing is, I agreed to the trade before I realized these people were scammers and so when I cancel, I will get my reputation dinged. I think Mycelium could do with a tutorial mode or a popup on the 'agree' button to be sure that you have settled terms before agreeing. I know now but at the beginning is when you need good reputation. I'm just going to set up a new account and start again since I have no reputation anyway. |
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Just popped in to say that I stand by what I said about intrinsic value. I just don't see how to continue the discussion without repeating myself so I won't. Fatman gave a concise and accurate summary of what I'm about, thank you.
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Putin says "you can use bitcoin",... price drops  Obviously...  |
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You are obviusly not stupid, and yes, the value is defined not by the beer in itself, but individuals, considering it, all persons are different, so there is no yardstick, it is personal, psychological, individual. Every price you see, is the value from individuals preferring, with the help of their total life experience and individual needs, one thing over another. Is this your problem, do you think that therefore, we can not group value into two distinct types, intrinsic and speculative?
Oh, we can have many groups of value. In fact, I would say that intrinsic and speculative would surely not be enough since, in my book, intrinsic value would be an empty set. Speculative is a subset of extrinsic value since one might value something not merely because one hopes to exchange it for increased value/price later. Now, the intrinsic properties of gold might have subjective value in the common sphere. It is shiny, resists corrosion, easily malleable, heavy (dense), all that jazz. But all those are location, time and context dependent. At this stage, I think we both see where the other is coming from so there's little point beating it to death and there are many better places to read about the arguments. Austrian economics just tends to reject the idea of intrinsic value. https://en.wikipedia.org/wiki/Subjective_theory_of_value |
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Also linguistically, my use of the word is correct. A can of beer can cool your throat, make your jokes worse, give you a little energy and balance your bodys fluid contents. It is the intrinsic aspects of the beer that give you these services. It is contained in the beer, it is inherent, inborn native, inseparable, deep-rooted in the beer itself. The properties are therefore intrinsic, and it is the intrinsic value of the beer for anyone who prefer those things.
My friend from Alpha Centauri says that beer would dissolve the flesh from inside his carapace and gront his falamble. Chartbuddy said last time he had a beer, it rusted his diodes and contaminated his oil. Where is your intrinsic value now? Besides which, that would be a property (which you actually used). I would not say that a beach ball had a value of yellow. In fact Let's look at your sentence again... it is the intrinsic valuecontinue... for anyone who prefer those thingsSo a subjective value designated externally. One might almost call that extrinsic value. |
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Zombie thread resurrection...
I think the issue here is that the economics world uses the word "intrinsic" in a way that is different than it's more general definition.
And then proceeds to treat it as if it meant exactly the same.
Which leads to all sorts of fun conclusions and outcomes.
Abraham Lincoln is purported to have asked "How many legs does a dog have if you call a tail a leg?".
An economist would take a dog valued at $100, claim that was $25 per leg, define the tail as a leg and then claim to have increased the value of the dog by 25%.
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You have explained nothing, you seem to be fixated on the word intrinsic, and refuse to discuss what it is. In fact you got this right in a previous post: Gold's utility value is pretty low and its current price is mostly speculative.
By refusing to use the tools of the trade (the words, in this case), you at the same time refuse insight. It is common, but bad.
"Intrinsic" has a meaning. If economists (or Aztec) misuse that word and then go on to act as if it meant what it actually meant, then of course wrong conclusions will be drawn. Are we really just going to accept conventional economics on this forum or look closer and seek the truth? First principles man... How many legs does a dog have if you call the tail a leg? |
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Economics has a practical definition of intrinsic value, which very different from the arguments philosophers use.
Economics has an impractical definition of intrinsic value that leads to all sorts of wrong conclusions. I'm not just being obtuse, I'm explaining what's wrong in the thinking. |
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metals have a intrinsic value while bitcoins does not. i no longer trust bitcoin because it is, in my opinion, manipulated by whales and exchanges.your in the club or your not... their are predators out hunting for some poor newb who invests a bunch money into the scheme while they pump it and then they turn around and dump on them causing them to fear and dump their coins at a loss for their gain.. you trying to claim that is a system we can trust ?? this is my new opinion about bitcoin.
There is no such thing as intrinsic value. Gold's utility value is pretty low and its current price is mostly speculative. Good luck with that. |
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we wont be trading 'gold coins' on the street. we will trade our metals into a depository for the new metals backed currency. and we will trade our bitcoins for a lot less of the new currency than what they are worth in fiat dollars today. we're going to take a haircut just like holders of fiat usd. you are betting that bitcoins will replace the fiat "in god we trust" for the fed to print and manipulate dollar and it's not going to .
Because that worked out so well last time. |
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