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Does anyone know if the exchange platforms such as TradeHill or Mtgox are free source codes that anyone can download and setup shop? It would be a great thing to have "just in case" so that we can setup exchanges all over the world in the same style as BitCoin is growing. Only this way we can ensure that the BitCoin economy stays safe.
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Who knows maybe he is actually browsing the boards, looking at his baby growing into a potential behemoth that can stand up against the established banking system. So what would you like to tell Satoshi Nakamoto if you could leave a message or a question here in this topic?
Personally I would like to ask him this:
Mr Satoshi Nakamoto, did you ever think it would become this huge?
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The regulations mentioned were clearly related to bitcoin exchanges.
I think some people are under the impression that Bitcoin exchanges equal Bitcoin network. It doesn't matter. It's people trading their property at their leisure. Nobody is entitled to a single drop of it. To regulate it in the name of safety, is to claim people do not know what is best for themselves. Bitcoin is supposed to only further rectify man's own right to his own life and its fruits. God damn every parasite out there who claims Bitcoin in any of its forms should be subject to regulation! Subject to the thieving regimes: even a single drop of the Bitcoin economy! Bitcoin will destroy these structures all in good time and there is nothing you can do about it! All you do is hinder our revolution and its scope when you ask for the state's approval of how we use our property and labor! I hope all of you apologists suffer when the time comes! The state along with your brown-nosing attitude will be buried! Long-live a new tomorrow! ..one would be trading for the currency of the regulators! You're right. Thank you. People soon have to realize the following: - BitCoin cannot be regulated - BitCoin cannot be shutdown - BitCoin cannot be represented by individuals I am sick and tired of hearing statements of stopping it and blocking it and making it illegal. GET IT INTO YOUR MIND, THERE IS NO CENTRAL SYSTEM. Branding the system illegal doesnt make sense either as the system can be replaced by a new "brand" anytime. Actually its only the client that has to change its name and then keep on going in the same block-chain. And once more, IT CANNOT BE SHUT DOWN! |
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High Yield Investment Program industry. Basically Ponzi scam/Madoff scam's. They were using E-Gold until that got shut down, now they are using Liberty Reserve and Pecunix mainly. Look on www.italkcash.com or on www.talkgold.com |
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1) BitCoin is anonymous and has instant transfers - no such equivalent exists today 2) BitCoin is international, yet decentralized - this as well unheard of in any historical sense 3) BitCoin has a strong core of people supporting it 4) BitCoin has gotten more press releases in regards to its functionality than systems such as AlertPay had when they were at the same amount of traffic or any other system for that matter 5) BitCoin cannot be shut down despite all the articles made by journalist that predict some stupid government rule can all the sudden collapse it 6) BitCoin is gaining in value day by day, but compared to gold its not a commodity which you speculate, but a currency that you can actually spend to purchase everyday items, and more are added by the day 7) BitCoin CAN crash, but that doesnt mean it will. Yet even if small crashes occur and people loose money, this system is here to stay. No other comparison exist.  BitCoin will not become a monetary system that will replace Banks. BitCoin will become the best alternative to banks on the other hand. Banks are not the ones with the problem in this, they will still have to lend money, process merchant accounts, insurance, re-finance and exchange facilities (which may include BitCoin one day). But BitCoin will replace PayPal, AlertPay, Paxum and Neteller. 9) BitCoin will replace Visa and Mastercard. In less than a few months from today we will see plastic card alternatives flood the market, containing BitCoin on them, based on RDIF technology, reloadable and accepted at physical merchants in few locations. 10) BitCoin despite up and downs, will be used because poker, adult and hyip industry have no alternative. |
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Any news since last time? Because the idea is brilliant!
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This is breaking news! The rumor is floating out there that certain individuals purchased drugs with DOLLARS without being caught or anyone noticing it. How can this happen?  ?? This surely is the death of the dollar  |
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This has been an absolute nightmare, and especially the authentication part with the bot on the PGP key exchange. Basically the explanation here: http://wiki.bitcoin-otc.com/wiki/GPG_authentication is completely worthless when it comes to Windows authentication. I have done the following: ;;gpg eregister BobJones 81898844A1BF37D6 From this point on nothing works. I go to the provided url and see the path of the key and the one time password. From here on it doesnt make any sense what so ever on what I do with this data, how I decrypt it, how I respond back to the bot and in what manner. Also there is no clear explanation of registration and authentication and if that is one and the same thing or not. So after having uploaded my key to MIT and the bot gets the eregister command which works, nothing more makes sense. Hope someone can help me out here. Step by step please, its easy once you know it, but first time is a nightmare. |
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Self interest is of course a driving factor that will push the popularity and price upwards of the BitCoin value, but at the end of the day its still a monetary value in a system the offers a significantly different approach to money management than what we have now.
I think the core factor for joining BitCoin should be that people can its advantage over Liberty Reserve, Pecunix, Paxum, Neteller, AlertPay, PayPal and all the other systems. At the moment the best reason I can see is that I dont have central banks correcting the pricing of a currency as well as I dont have to answer to why I did a transfer to someone somewhere. No due diligence is a big factor, the biggest for all I care.
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Alright there is mining, and there is speculation happening at the moment. But BitCoin should not be about getting rich quick, nor should it be about how many cluster networks one can build to mine like mad. BitCoin is fantastic because it is anonymous, it is decentralized and it is the first money tool in the world to offer an alternative to the world we have known for so long. Its a commodity with no resemblance to anything we have witnessed before and we should love it for just that. The other things are just perks  |
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How exactly are they going to exchange that large amount of funds into the network, to millions of accounts?
And through what method will they organize a large scale attack funding wise? Its going to take soo long time that.....well, lets see what happens
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Can the address be translated into a bar code by some converter?
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Does anyone know if there is a card kind of solution out there that offers BitCoin loading? Preferably on the fly more or less.....
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Hey everyone,
I want to exchange some Liberty Reserve to Bitcoins, who can do that for me?
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Banks were mostly established, especially in the USA because people needed to store their valuables in a safe place. That is, because the banks had big vaults with large metal doors that made it harder to steal. Now one could imagine this would happen to bitcoins as some users would be able to claim that they knew how to securely store the bitcoins while others would succumb to such. Would be even more interesting to see how this would ever be mentioned to be regulated. |
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So I take a backup of my computer and I have some BitCoins in there. What will happen to it all if I restore the backup with the same data? Obviously there will be a bug, as the same money cannot exist two places at a time right?
Just curious to what is going to happen.
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I dont disagree with you guys. And I myself working full time in the IT industry just find it a bit to much, even for me. I know the person living next door most likely works in a corner shop, which would make BitCoins impossible to pitch to such a person. I am just looking for clarity. But definitely a project that is interesting and I will keep reading and probably getting it all much clearer once I get my hands on some BitCoins. Learning curve, all very interesting, but I just dont think the rest of the world would look the same way on this.
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Guys this is exactly the core problem of the BitCoin economy. Despite the fact that I look for a simple answer to a simple question it all gets very convoluted.
How can this ever be pushed into the mainstream media when its like this. I now been reading on BitCoin for 3 days, and reading FAQ's over and over again and still some things does not make sense. I know deep down inside its simple and makes a lot of sense, but it takes to LONG to get into it. There needs to be a BitCoin for dummies section or you may as well forget pushing this currency beyond nerds and anonymity freaks.
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These are yet to come articles in the "New to BitCoin" thread.
What if someone bought up all the existing bitcoins?
Won't loss of wallets and the finite amount of bitcoins create excessive deflation, destroying BitCoin?
Could someone elaborate on these issues as it seems to be a core issue of the entire BitCoin economy. Especially the inflation part of it and what can occur as more and more people jump on the BitCoin bandwagon.
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