I know that merchants may always add a second transaction whose inputs will be linked to the output of the feeless transaction, but that generates more data to be included in the chain - and consequently the merchant might have to spend slightly more in fees.
Presumably, you are referring to pull 1647: - https://github.com/bitcoin/bitcoin/pull/1647That essentially eliminates the problem. If it is important to the merchant that the payment get confirmed sooner, the merchant will issue the child transaction and pay a fee to get both included. If it is important to the consumer to be confirmed quickly, the consumer will ensure an adequate fee. If I as a consumer am frustrated that my transactions are not getting confirmed, then my problem is not with the merchant but with my client and I will configure it to use a higher fee (or use a client that is smarter to let me know when the fee is insufficient). |
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I think to boost doubling time again we need some change of fundamentals, like a major outlet that accepts bitcoin for example.
Or a major event happens, driving investment into bitcoins. Greece, Spain, Italy, .... Argentina, Iran, ... and now Mexico. Bitcoin could rapidly gain traction as a complementary, parallel currency should there be further deterioration of certain government fiat currencies. |
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"could I do this legally". I would like to advertise my business as being *free *if they agree to the program being on their computer.
As long as there is no deception, you can operate a miner on someone else's hardware, legally. I hope to see this as a long term thing so I can stack up the number of computers mining for me. The problem is that CPU mining is unprofitable and not worth your time. And few people have GPUs worthy for Bitcoin mining. Even then, GPU mining is soon likely to be unprofitable (when considering the cost of electricity and assuming the exchange rate is at current levels or below) and is not worth your time. Mining in the manner you are suggesting will only cause frustration to those you've suckered into letting you proceed. If you rely on those customers for service revenue, there probably are better ideas for bringing in some income. You might even consider some of these suggestions: Where can I find a Bitcoin-related job? - http://bitcoin.stackexchange.com/a/4867/153 |
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I feel like most GPU miners will mine on in hopes that the scraps they start making will one day be worth much more. Mining is an addictions to most people and they won't like seeing their earnings stop going up on whatever pool they are using.
Perhaps a plurality of miners will be those with a GPU or two and who will continue to mine away even at a loss, but those that mine mainly for economic benefit (a common property is that they sell all the coins that they produce) will realize that paying $100 to the electric company to get $75 worth with bitcoins is more costly than sending $75 to an exchange to buy about $75 worth of bitcoins. seems like everybody thinks GPU miners will stop when ASIC arrive or what  No they just buy 10x the amount of ASICs devices and mine on...  As crazyates pointed out, the options available depend on the exchange rate. If the exchange rate does actually rocket up to say, $20, then most GPU miners can still mine profitably for a little while longer. Or perhaps that rise justifies the investment in ASIC mining. But if the exchange rate stays the same, or drops perhaps then there may be such low returns for ASICs that further investment just can't be justified. As always, mining remains a form of speculation. It is speculation on the combination of the future exchange rate versus the future difficulty level. We've already had the situation where difficulty jumped an order of magnitude over a period fo weeks (with the first wave of GPUs, late 2010), but that happened during a time when many people were just discovering bitcoin for the first time and the exchange rate rose correspondingly. This will possibly be the first time difficulty jumps an order of magnitude and the exchange rate barely budges. |
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I made 2 separate deposits for $500 each
There seems to be a pattern. MoneyGram. Multiple tranactions, to get past the $500 per-transaction limit. Bitinstant took a little longer then expected for me but came through <-- Title changed from an earlier "I wuz robbed" title, much like yours. - http://bitcointalk.org/index.php?topic=118861.0If more than $500 through MoneyGram is the problem then maybe BitInstant should just limit transfers to $500 a day when through MoneyGram. [Edit: They communicated with me that evening, telling me they had paid it, without showing me any proof. The blockchain is proof. Does the blockchain show the payment to the bitcoin address you entered? If so, they sent it. If not, they didn't. - http://www.BlockChain.info ] |
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Amazing, they have invented M-pesa...which African mobile phone users have had for years
Well, it is better in one way. A merchant accepting M-PESA payments will need to verify your identity (government ID). This is used either online in-person, and has no requirement to show the recipient of the funds any ID. |
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We have had 2-step withdrawals on the backburner for a while now. We are planning on allowing users to opt to require an email confirmation before withdrawing any funds, changing the email address, or changing their password. So, stay tuned, we will be adding this soon!
That still doesn't protect the person whose computer used for withdrawing is compromised, but it does at least provide more security than simple username and password. With the ability to play on unconfirmed deposits, there is no need to hold a large balance in the account. Thus this proposed e-mail based secondary authentication step will probably be sufficient for most. |
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Acceptable to who? The SEC? Probably not. If this investment is not offered to those in the U.S., it doesn't matter if the U.S. Securities and Exchange Commission approves or not. It seems like you could get around SEC regulations by:
- Require investors to somehow contribute non-monetarily as well (not solely on the efforts of others)
- Don't pay dividends, but allow asset holders to either sell shares at their buy price, or redeem them for goods/services (no expectation of profit)
- Don't sell to US investors, locate outside of the US (outside of SEC jurisdiction)
That's where my suggestion of using a simple revenue contract might be preferable. The studio needs equipment. A supporter/investor of the studio project can buy the equipment (or provide the funds to buy the equipment and then becomes the owner of the equipment), and then the equipment located at the studio earns revenue when it is used, or when items constructed using that equipment are sold. But seriously, these laws are ridiculous for someone trying to raise investment money for an art studio. The crowdfunding ammendment let the genie out of the bottle and it is only a matter of time before the laws are either ignored en mass or repealed and that some day an art studio operator that wants to tap an online social circle for investment (measuring in thousands of dollars) can do so without concern over breaking securities laws. |
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Mike Hampton and Dominic Frisby on sound money and currency competitionGoldMoney host Dominic Frisby interviews trader and author Michael Hampton. Frisby: The other beauty of global metallic money is that it is hard for people to print. That would be one independent currency.
Frisby: I have never bought a bitcoin. It is one of those things I keep meaning to do so, just on principle really. I don't understand the algorithm whereby bitcoin is created but I'm assured it is legitimate. So Bitcoin is another independent currency.
Hampton: But I think whatever currency you have you need some backing for it. Because, partly it's a question of confidence. The other is if the currency starts to get wobbly as we are seeing in various currencies now there is a way of taking that wobbly currency and transforming it into something else, whatever is backing it. So if you have gold backing, then you can convert it into gold and take it to another country which is less wobbly and spend it there. So you probably need backing for the currency of the future. - http://www.youtube.com/watch?feature=player_detailpage&v=FcixJcObCFc#t=861sFrisby: One form of independent money is metal. Another form is Bitcoin. If some institution were to follow Hayek's book on competing currencies, the denationalization of money, any old institution can issue any old paper. But if the marketplace decides that their happy to use that as money [interrupted...]
Hampton: Do you mean like Ron Paul's idea of competiting currencies?
Frisby: I suppose I do. I'm a big believer in the power of the free market and the free market comes up with natural, organic solutions to things rather than having it imposed on you.
[...]
Frisby: Why don't you outline Ron Paul's competing currencies idea.
Hampton: At its most basic level, he'ld like to allow people to use not only dollars in settling transactions in commerce in the U.S., but also gold and even other currencies as well. The idea is that for some reason people don't want to store their wealth in dollars they can store it in gold and use that currency for their businesses for their economic transactions.
[...]
Frisby: We need currencies that are international and non-national. The big issue comes, with competing currencies, in tax. Government wants payment in its national currency.
- http://www.youtube.com/watch?feature=player_detailpage&v=FcixJcObCFc#t=931sHere's was the most interesting comment, in my opinion: Hampton: The idea of backing up the currency with something other than a dead asset like gold.
[...]
Hampton: One idea that I've seen kicked around [..] would be to actually store wealth in equities. So you might have for example a currency whose value is linked to the S&P 500 or the FTSE 1000 and then people who are putting money into that asset effectively are putting more money into the stock market where it can help generate wealth for the country.
[...]
Frisby: A problem with that is that it might encourage malinvestment and excess speculation. - http://www.youtube.com/watch?feature=player_detailpage&v=FcixJcObCFc#t=1285sThe entire interview is well worth the time to listen! - http://www.youtube.com/watch?v=FcixJcObCFcFrisby is crowdfunding his book, Life After The State: - http://unbound.co.uk/books/life-after-the-state
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It should be pretty easy to market to that market. They already use VPNs and tor so that getting the software should not be a problem, additionally they can use the web wallets. The biggest concern I see is technological illiteracy, it might be very hard for them to understand how bitcoin works.
The latest release of MultiBit includes Persian (Farsi) translation. The source is on GitHub. I don't know if it that project is restricted from download from Iran: Reach out for the white spots! - http://bitcointalk.org/index.php?topic=94805.msg1260199#msg1260199MutiBit project: - http://multibit.org |
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what other ways can i withdraw with polish sepa.
Is there a difference that causes you to prefer a SEPA from Poland? There are multiple exchanges that offer EUR withdrawals via SEPA: - http://en.bitcoin.it/wiki/Selling_bitcoins |
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Please pm me if interested I will pay mtgox average price -5%
That might be a hard trade to find. There is a thread offering to sell bitcoins for those payment methods. Of course, there are huge risks when transacting anonymously online with payment methods that are non-reversible by you the buyer, so proceed with caution (or perhaps insist on escrow?) - http://bitcointalk.org/index.php?topic=118854.0 |
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