Satoshi is certainly here and observing how his baby is developing.
When the world has accepted bitcoin, he might reveal his true identity.
If someone claimed he is Satoshi, would you believe him?
To prove his identity he needs to at least:
-send one bitcoin from his original wallet to a new wallet.
-discuss cryptography with experts so his competency can be proven
-show personal projects, documents and mail conversations that has not been publicized yet
Nah, it's a lot easier than that for him to prove it was him. He would just sign a message with his PGP key and that would confirm it. |
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As most people in this forum I have great hopes for cryptocurrencies. However I just cannot see how bitcoin can achieve mainstream adaptation, because:
Broad adaptation would require >50 million users and market cap>20 billion usd
It must happen over a period of 2-3 years
This isn't exactly impossible at this point. At all really. But practically all bitcoins for that period are already produced and posessed
Some magic kind of distribution must take place - that wont happen!
This is wrong, irrelevant, and silly. |
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Someone should probably lose their job for this.
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Or ripple/litecoin supporters
I highly, highly doubt that. |
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But BFL didn't ship anything! Luke-jr posted a picture taken by Josh at BFL factory. The device never left the factory.
I was not aware of that. If that is true, Luke-JR is basically a fucking scammer. It would appear so, yes. Especially since Josh has admitted to what they did, so it's not a case of their word against everyone's evidence. There's no reasonable doubt on this one. |
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I can't quite tell from your bolding which piece you disagree with.
The chain of events
price increase --> mining interest --> increased reward --> price decrease = more stable currency. Which part is incorrect?
People are misunderstanding you. Other people: He's saying that the coin automatically adjusts supply according to the price. Not that when the price goes up the coin reward keeps going up and up. He's saying when the price becomes too low(low demand), supply decreases with the intention of raising the price. When the price goes up(high demand), supply increases with the intention of lowering the price. He's trying to create a solution that does not lead to a deflationary spiral. And also adjusting to control for run away inflation. A coin with an algorithm that creates price stability. I think this is all easier said than done. But if you can do this your currency will be looked up for fondly by mainstream economists. I sincerely wish you luck. |
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This is pretty disgusting in my opinion.
Luke-JR used his standing within the community to boost BFL's status when it needed it most.
Fortunately most of us are smart enough to tell the difference between a rushed engineering sample and a shipped customer product.
In this case it's clear to me that Luke-JR receiving the first public BFL and his subsequent posting to be a calculated decision in an attempt to garner positive marketing around their unreleased product.
I can understand if they wanted to send him one for him to some technical work on the software/firmware to help them with their hashrate for example, but he should not have posted it up knowing full well that it's a pre-release item.
But BFL didn't ship anything! Luke-jr posted a picture taken by Josh at BFL factory. The device never left the factory. Yes. What they did was despicable on so many levels. |
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Remember, liquor would be extremely costly to buy online. Because shipping a $20 bottle, will cost $20 in shipping alone.
Best bet is to find someone locally who will accept bitcoins for a liquor exchange.
Maybe only worth it for top shelf bottles? |
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Bitcoin usage at its best. Wish there are clubs which accept btc. Don't have to sorry bout being drunk and loosing cash  Yeah, only have to worry about being drunk and blowing your whole wallet on satoshidice  |
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I believe most people only buy specific brands/types/ages etc online. Not sure how strong a market it would be for BitCoin.
Right, but you don't think people would be interested in purchasing their bottles with bitcoin? |
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And if not does anyone think that there is a demand for one?
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Play forest.
Tap it.
Play Birds of Paradise.
End turn.
Ok, go.
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If not fees, what incentive would someone have to be a gateway? I can't really think of much reason for a company to become a gateway.
So if gateways will charge fees, doesn't that diminish the value of the system? What cost advantages would it have over the money transfer services available now?
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JoelKatz:
Are gateways allowed to charge their own fees on top of ripple?
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I can't get over the title of this thread, lol. What were you thinking, haha.
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I hope they're looking outside of bitcoin. They need things like currency booths in major cities acting as gateways.
Is there an incentive for someone like that to become a gateway?
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I guess since Gox is in Japan, that helps them.
But what about American exchanges, now and in the future? Could the legal system bring them to their knees?
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Could Western Union be a ripple gateway? Would they be allowed to charge their fees on top of ripple or not? Either way, that would be the killer app of Ripple if something that like were to occur.
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