Any help will be appreciated. Thanks!
This is the last comment: I barely have time to deal with Intersango issues as it is.
So perhaps open a ticket if you haven't done so already: - https://support.intersango.com/ |
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And finally, how do you know that some billionare hasn't been buying gobs of bitcoin?
Because billioinaires hate Bitcoin! Billionaires have billions because bankers can cheat. Bitcoins end cheating. QED. Cheating billionaires hate people having bitcoins.
It took me just fifteen minutes of listening to Bill Gates on Charlie Rose to confirm that billionaires don't and won't like BItcoin. Mr. Gates throws around a lot of "we did this" type of statements, and what he really means is "we used our power to get governments to do this". I'm not saying the accomplishments were bad, but anything that lessen's a billionaire's influence will not be something the billionaires will support. |
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The block reward drops to 25 BTC at the 210001 block.
Just to clarify, the source reads: nSubsidy >>= (nHeight / 210000); - https://github.com/bitcoin/bitcoin/blob/master/src/main.cpp#L1011The genesis block does start at block height 0, so while the block reward halving will occur first with the 210,001st block, the block height for that block will be block height 210,000. |
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The number it gives at "Minimal fees" on the What is Bitcoin? page isn't up to date.
You are describing the page titled "What is Bitcoin" from WeUseCoins.com - http://www.WeUseCoins.comThat is Stefan Thomas' site: - http://bitcointalk.org/index.php?topic=53924.0Specifically, it currently reads: Fair
Minimal fees
Using the Bitcoin network is free, except for a voluntary fee you can use to speed up transaction processing. Technically, that is accurate. The Bitcoin protocol doesn't require fees. Most transactions nowadays include a fee but nearly every block includes some transactions where no fee is paid. I agree it is misleading because there are certain conditions which would cause a payment to not end up being processed in a timely manner. |
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spare me the scammer stuff about paypal, no scam here,
That's what they all say. Heh, I'm not passing judgement, I'm just pointing how because the seller can't know whether or not that is true, you will likely have a hard time finding a trade. Sometimes that works on #bitcoin-otc if you have a trust history: - http://www.Bitcoin-otc.com - http://webchat.freenode.net/?channels=#bitcoin-otc-foyerCash seems to work pretty well. If you have PayPal debit card, you can visit an ATM and withdraw cash, then use that cash to buy bitcoins. - http://www.LocalBitcoins.comSo, a cash deposit method is likely going to be your next best option: Options: - http://www.BitInstant.com (Deposit at major banks, 7-11, Walmart, CVS, Moneygram, etc.,) - http://www.BitMe.com (Deposit cash at Chase) - http://www.BitFloor.com (Deposit cash at Chase or Wells Fargo [temporarily unavailable]) - http://www.MrBitcoins.com (Deposit at a bank in U.S., India, Australia) - http://www.CAVirtEx.com (Deposit cash at several banks) - http://www.Spendbitcoins.com (Deposit cash at a bank in Australia) - http://BitcoinNordic.com (Purchase CashU or UKash in dozens of countries) - http://www.BTC-E.com (Deposit cash (USD) at bank locations in Russia) - http://www.BitNZ.om (Deposit cash (NZD) at back locations in New Zealand) - http://www.BitInstant.com (Deposit cash in Brazil using Boleto or Banco Recomendito, or in Russia, using Qiwi or Cyberplat.) - http://www.VirWoX.com (Purchase UKash in dozens of countries with cash, then buy SLL and trade them for BTCs) - http://www.MercaBit.eu (Purchase UKash, Paysafecard, and others with EUR cash) Also, Bitcoins Direct will accept cash, but they have a $500 minimum order size: - http://bitcointalk.org/index.php?topic=87094.0 (Deposit cash at Bank of America, Wells Fargo or PNC, minimum $500) Credit card and in the U.S.? You might be able to buy coins through: - https://www.quickbitcoins.netAnother method, from anywhere, is to use credit card to buy SLL (Second Life Lindens) through VirWoX, and then trade those for BTCs: - http://www.VirWoX.comThere are quite a few methods: - http://en.bitcoin.it/wiki/Buying_bitcoins |
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Statement by Päivi Heikkinen, department head of (Financial Markets Infrastructure) at Bank of Finland September, 2012 Location: Finland Abstract: A reporter asks if Bitcoin is illegal. Ms. Heikkinen responds [Translated from Finnish] "Not at all, People can invest in and use any money they prefer." Heikkinen: Not at all, People can invest in and use any money they prefer. Heikkinen: Finland is a free country, after all. - http://www.youtube.com/watch?v=7vYH1JH73pw#t=206s <-- Enabled closed captioning [CC] at the bottom of the video. |
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BaFin deems Bitcoin as "unit of account", financial service providers thus regulated by the Banking Act (KWG) October, 2012 Location: Germany Abstract: It appears that any business operating out of Germany (or, maybe even more broadly, a business with German customers) that holds customer's bitcoins is regulated as a bank (presumably, that means must obtain a banking license). [Based on the translation to English from German, which may have changed the the meaning from the original, so this may be not completely accurate.] The following appears to be the response to an inquiry sent to BaFin regarding bitcoins: There is something stated in this Google translate article. https://bitcointalk.org/index.php?topic=119270.0If you have questions about specific sections, I can translate them manually. Basically the BAFIN (German bank regulation) has stated, that service providers, that hold customer funds fall under the definition of a financial services business and therefore require a license to do so. They also stated that Bitcoin (they stated Crypto Currecys) is indeed a monetary value and therefore falls under the definition of a electronic instrument of payment. That also implies, that BTC service providers fall under the definition of a financial services business. An article in which this was discussed: However, the BaFin Bitcoins sees as a "unit of account", which is regulated by the Banking Act (KWG). After that, anyone who wishes to provide certain professional services in connection with Bitcoins, first obtain a license from BaFin. Ultimately, the Bitcoin system is a multilateral trading system that requires such a permit. So it looks anyway BaFin. The more difficult it would be to identify in a decentralized system like Bitcoin, the responsible persons must apply for the relevant banking licenses. http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.heise.de%2Fix%2Fartikel%2FWaehrungsrisiken-1723975.html&act=url |
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What would be the best way to measure how many coins are in long-term savings, as opposed to being actively circulated?
Presumably if large balances that are held at EWallet providers are then withdrawn (e.g., sold at the exchange and withdrawn by the buyer), they would then need to come from the offline / cold wallet storage. That activity would likely appear in the BitcoinDays destroyed metric as any funds in the offline / cold wallet storage would likely be older. If the EWallet provider where this is happening has some manual method where coin selection follows last-in-first-out or first-in-first-out, and whatever convention is used is known, then that might help increase the accuracy of BitcoinDays destroyed, but I don't believe that info is shared. - http://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed - http://bitcointalk.org/index.php?topic=6172.msg90789#msg90789What would be the best way to measure how many coins are in long-term savings, as opposed to being actively circulated?
Which of your (1), (2), (3) in this case covers coins which are deposited in a bank like service but are actively changing ownership inside it with no blockchain activity? I'm not aware of any method which will give reliable results and, worse, I'm not aware of any method which will give results where we can give a reliable distribution of the errors. Exactly. Worse than having no information at all is having bad information and it giving a false sense of security when used. With EWallets, using the blockchain for gleaning information about bitcoin distribution won't even be in the same ballbpark. |
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how many total GPU mining hours would coinlab have to control to compete with the TOTAL amount of ASIC power that will be live within the next six months?
Right now the 22.4 Thash/s of capacity is over 30,000 AMD 5970s (or 6990s, or 7970s, which are all roughly about the same). Or take a mix of 5970s, 6970s, 5830s, etc., and the current capacity is roughly around 50,000 GPUs (or more). Most gamers bought NVidias, and if all hashing capacity came from decent NVidia cards, you would need well over 100,000 of them. That's existing capacity, not even considering the addition of the hashing capacity from GPUs, which will likely double to quadruble total capacity in a matter of weeks, just from the pre-paid ASIC purchases. Thank for the response. My question relates specifically to coinlab.com... their model is not GPU mining itself, as far as I understand, it is essentially to pay MMOGs for the spare GPU time of their (non-paying) customers.
CoinLab has two initiatives. The original was a client that mined bitcoins using the gamer's GPU hardware. The proceeds go towards game subscription and in-game purchases The second, initiative (and now, main initiative, it appears) is to have GPU owners run a client that will do computing tasks on-demand, including scientific or other types of computations, or mining if that yields better revenue. The presumption is that the revenue from mining using any GPUs will not be sufficient to pay for the cost of electricity, thus most will be retiring their GPUs from Bitcoin mining duty. |
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The most striking part of it is the sheer number of citations to actual litigation since the 1760's to get things in order. 463 pages. And that is copyright 1915, nearly a hundred years ago. |
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http://libertopia.org/schedule/Alternative Currencies panel discussion with moderator Drew Phillips, Ross Edwards, Tim Fray, Johann Gevers, Trace Mayer, Justin O’Connell, and Paul Rosenberg – Main Stage Left to right are: Justin O’Connell (Silver Vigilante) Trace Mayer (Run To Gold) Drew Phillips Ross Edwards (Don’t Tread On Meme) Paul Rosenburg (Cryptohippie) Johann Gevers (Monetas) wasn't on the panel but Chris Odom (@FellowTraveler) (Monetas / Open Transactions) was there just not on stage.
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11/30/2012
Yup, that target date ... still Nov 30th (Friday), but early in the day (UTC), so even a small increase will cause it to land early, like on the 29th (Thursday) - http://bitcoinclock.com/So if there are any halving day events ... for party planning it is looking like it perhaps might occur Wednesday in the U.S., Thursday in Europe / Asia. There still are some wildcards though ... GPU miners could start liquidating in larger numbers soon, trying to get a jump on others who will mine until the is no question that GPU mining's days are oover. This loss of hashing capacity could push the date later, maybe to December again. Or a first run for some ASICs could pull us ahead by several days, like to the 25th or earlier. |
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I just want to secure my BTC in a wallet I have access to by getting directly in touch with bitinstant.
What wallet do you use? A local client like the bitcoin.org client or an EWallet? |
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I see bitZino ads in the signature line by another forum member, in the format of
bitzino.com/c/xxxxxx
Does bitZino have an affiliate program now?
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I am in the UK and would like to purchase some, where would be a good place to do that using a bank transfer?
BlockChain.info now accepts funds from Barclays Pingit: - https://blockchain.info/wallet/deposit-pingitBitInstant is still in trial mode for their Online Bank Transfer method for buying coins using a bank transfer. You can try there: - http://www.BitInstant.comOther methods include: You can send cash (GBP) in the mail to Bitcoin Nordic (in Denmark): - http://www.BitcoinNordic.com And, or course, there may be a chance for a local trade: - http://www.LocalBitcoins.comAnother method to buy bitcoins uses credit card through VirWoX. How that works is you buy Second Life Lindens (SLL) with credit card, then convert those to BTCs and then you can withdraw BTCs. With being a new user and using credit card there is about a day delay before you can withdraw, as they complete fraud checks. They also accept MoneyBookers/Skrill. - http://www.VirWoX.comYou can purchase bitcoins with UKash from MercaBit.eu, BitcoinNordic.com and VirWoX. And there may be other methods that work for you as well: - http://en.bitcoin.it/wiki/Buying_bitcoins |
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Yeah there basic principles suit bitcoin ideology.
Is it? From what I could tell, basically they are simply saying why let a private bank run the printing press and then pay interest on that money when the State could just print money itself, free of debt? Which, if that is all the B of E is doing (printing on behalf of the State), then that makes sense. The missing component is ... what limits the amount of money issued? If the issuance (and destruction) of money is the amount necessary to ensure stable prices, then that might work. If it instead is to fund State spending, then this puts a nation on the fast track to becoming Zimbabwe. Their talking points mention that the power to print isn't in the hands of the "vote-seeking politicians" but I didn't see how that is ensured. |
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