It does indeed. It takes the power to manipulate wealth away from plutocrats and gives them to the working class. It evens the playing field. Everyone has equality in a Bitcoin system; there are no classes, no rich and no poor, just Bitcoin users. Really, we don't need HOURS if we have Bitcoin because it works just as well.
Which is utter bollocks. All you have to do is point out that some bitcoiner have more bitcoin than others. |
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Bitcoin is not remotely like anything like Ithaca HOURS dollars or any other "community currency". It is a global capitalistic monetary system that doesn't give a damn about social justice, equality, and the like.
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Lies. I find no bitcoin.
You need to be punished for linkbaiting.
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Just a thought before we all scream scam...
Perhaps their partnership with bitcoinstore.com is why they released this.
Bitcoinstore.com may be an avenue for merchants to partner and "accept" bitcoin.
For all we know, this company may believe bitcoinstore.com is the only way to accept bitcoin!
I'm on my phone, but hopefully someone can post a link to the forum for bitcoinstore.com where a couple days??? Ago bitcoinstore.com announced you can now buy solar panels.
This can't be a coincidence, so I'm guessing the two are related to the same solar panel company.
Now can someone give me the numbers on why I would buy one?
Is this something that will reduce my electric bill? What's the break even period?
Thanks!
In case you need this, I pay 6.5 cents per killowathour or something...
Can't find solar panels on bitcoinstore. |
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So the next question jumps clear;
Why don't the chinese people have a fork of the Bitcoin project in their base language?
Why do they care? Bitcoin addresses are just gibberish to everybody. |
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While there's no question that these numbers don't come close to the business a standard casino might do, it seems that Bitcoin has at least provided a way for online gamblers to get back into the game. Whether this strategy will clash with Bitcoin's attempts to go mainstream remains to be seen.
There is no "Bitcoin's attempts to go mainstream remain to be seen". There is a bitcoin coalition of some sort, vague and hard to define. Their common interest is in furthering bitcoin's spread for profit and glory. They do not agree on everything, do not share political ideology, etc. |
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These same open source projects are also completely decentralized, some having thousands of developers from all over the world and none are getting paid.
Don't give me that crap. People are paid to work on linux, firefox, apache, and any number of large open soruce projects. In fact, some projects are responsible for the livelihood of developers, such as ruby on rails. You could say that open source spawn commercial activity. Why shouldn't it be the same with bitcoin, in which their whole points is to support commercial activity!? The whole bitcoinfoundation thing has made it less likely that the development will be sustainable, open and decentralized. If I were a developer working on open source projects and perhaps interested in joining another (which I happen to be, heh) I would think twice before joining one where the "lead dev" is getting paid by an organisation that is (partly) ran by some companies that have a financial gain from his work. It will limit freedom, and it is not very open-spirited.
You think those linux foundation members are doing nefarious things? I am sure that they are getting some "financial gains" from funding Linus' works. "We set up something flawed, and if you don't like the flaws you can join it and make it better".  If you want to fix under-representation in an organization, you fix it by joining it as a member so that you are represented. |
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No its not. There's plenty of open source project that have excellent security track records where no one gets paid.
Security is an easier problem to tackle in an open source project, sufficiently managed. That's not to say decentralization don't have costs. It would be a lot more efficient if we just use a group of servers managed by a few trustworthy individuals, but it's also quite vunerable to takedown by nefarious organizations. That's why bitcoin exists. Arguably, you could say bitcoin is a lot cheaper than other approaches, but you also have take into mind the mining rigs that's popping up all over the planet. And a lot of people really don't like how bitcoin operates because it is blatantly inefficient in a lot of way. Also, paying gavin does not make this project more secure, it makes it LESS secure, because it creates dependencies, centralization and it gives influence through a small amount of companies that have a financial interest for themselves rather than towards the community.
You can join the Bitcoin foundation as an individual member, have more corporations join it, etc. |
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Also I will not contribute to a foundation that doesn't have the same views (PM me if you want the reasons why the foundation is not worthy of my contributions) as me is not hindering the software. What is a hinder is one person knowing too much about the entire codebase and no one else stepping up and creating another full node software to compete with this. There always needs checks and balances and this one things that is not decentralized and doesn't have the correct checks.
The problem with decentralization and extreme resiliency is that it is EXPENSIVE. It is EXPENSIVE to educate a developer into knowing the codebase and working on it fulltime. It is EXPENSIVE to build a completely separate node software when it can be concentrated into one project. It is EXPENSIVE to make bitcoin totally resilient against any governmental attacks, any privacy-breaking attempt, any bugs in the system. Security is expensive. Think of all the locks, the policemen, the soldiers, military R&D, mining rigs, and all the bank guards in the world. Now think of the money that could be spent on something more useful and relevant to our lives if everyone is a goodyshoes. So you want resiliency and security from "gavin dies, we're screwed"? Well, are you willing to pay for the cost or providing said resiliency and security? It seems that you are bent on decentralization, resiliency, and security at any cost. There are no such things as a free lunch. |
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I believe that paying Gavin, so he can focus 100% on Bitcoin, is a good investment. That's why I support the foundation.
If Gavin disappeared, the foundation would probably have paid an other developer who was taking over his job. But I'm very happy that Gavin is the leader of the development group now.
What if there is no other developer that can take over. What if Gavin isn't expendable, and that no other developer can take control of the codebase, well then sir welcome to non-decentralized currency and we are lying to everyone that uses bitcoin-qt/bitcoind. Just because nobody have the skills like Gavin to develop the bitcoin protocol, doesn't mean it's centralized. |
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The issue here is one of perception (image) vs reality (substance). The perception is that a demurrage currency (Freicoin) favors the poor over the rich while a deflationary currency (Bitcoin) favors the rich over the poor. After all the rich have more money than the poor. The reality is the exact opposite. Bitcoin actually favors the poor while Freicoin favors the rich. Unfortunately we live in an age where image more often than not trumps substance so it is not surprising at all that the Occupy Movement would come up with Freicoin and be skeptical towards Bitcoin.
To be demonstrated. |
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Remember, the bitcoin node map is essentially a population density map.
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Are other denominations of bitcoins named? We could have Rothbards, Pauls, and heck I'd even throw Schiffs in there given his libertarian views despite the fact that he doesn't see the bitcoin as having value...yet.
The problem with them is that they are too political(thus will never be universally recognized by bitcoiners) and they have nothing to do with the development of cryptocurrency technology. Satoshi is a lot more suitable than anybody else, because he invents bitcoin, and when he disappeared, he becomes a symbol...like batman. |
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Interesting article but I don't think Satoshi had anything to do with naming the 'satoshi' , unless eponymously has been misused in this instance. auspices of pseudonymous developer Satoshi Nakamoto, who eponymously named the currency’s smaller units “satoshis” and issued 100 million to be used across the net. NB: I think you will find the first actual reference to the 'satoshi' as the smallest unit of a bitcoin (1e-8 btc) naming will be found in this post of mine in the thread discussing conventions for sub-units ... with a prompting from ribuck and kiba, the 'satoshi' was born ... but Satoshi himself was never part of that conversation .... AFAIK  https://bitcointalk.org/index.php?topic=3574.msg50647#msg50647I am not sure if ribuck or me was the origin of satoshi as smallest unit of bitcoin. |
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No detection of mistakes. Pretty damn accurate?  |
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I've been reading and posting to Slashdot for over a decade. I've posted thousands of comments there over the years. Several of them are on that story (I am the real mike) and got modded up to +5.
Heck, many Bitcoiners were introduced to the project through Slashdot.
Pan it all you want, but that site is a mirror of the tech world. I encounter the same comments and concerns from technical, educated people about Bitcoin all the time. So instead of trashing its moderation system (which actually works quite well), go dive in and learn how to tackle the arguments raised.
Hacker News reader are far less likely to make stupid comment about bitcoin. |
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Yeah, but what if the coins are stored on gambling servers?
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Rails seems to be a popular development language for bitcoin.
Sir, rails is not a language. It is a framework. |
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###Culture
The one universal cultural practices that bitcoiners have is to say "FAIL!" and then faceplam after everytime someone misunderstood bitcoin. In time, bitcoin dominated the world and become the one universal currency. However, the original bitcoin culture survives as the faceplamming people, known for faceplaming everytime somebody make stupid statement about cryptocurrency technologies and money in general. It is well known that the quality of a news organization can be verified by the accuracy of bitcoin articles, thus they can be correlated by the amount of faceplamming actions commited by bitcoiner.
That is not to say bitcoiners are smarter than anyone. On the contrary, they are known for being the butt of jokes, scams, and their own self inflicted stupidity. However, they understood bitcoin better than anyone on the planet.
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