https://blockchain.info/chartsNot sure what is meant by unique bitcoin transactions per day. On what are you indexing for uniqueness (sending address, receiving address, both, IP...)?
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You might consider making and selling these for the lazy among us.
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We should abandon the society.
Why haven't you done this? He is waiting for We. To be honest there is no where left to go so the only option is to fix it. Yes, you can't do this alone. Selfsufficiency beyond the state is forbidden. The truing of the children by the state mafia is mandatory. well, you could send your kids to private school, or even home school them. You could farm 40 of your acres and graze another 100. Harvest firewood and hunt/gather from the forested acres. You could avoid getting SS#'s for the kids, and by the time they take over the estate they will have almost no dealings with the "state mafia". Yes, if one is self sufficient, why would it matter what the state forbids? The Amish have a different model, but they seem to be getting along alright. The other question that comes to mind. Why is Z. alone in this? Isn't there likely a Dunbar number of folks that would join? Why all the waiting and complaining? If it is right and better, make it so, and others will recognize that. |
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Also, with Bitcoin you do have proof of the transaction while transactions done using banks or federal reserve notes aren't guaranteed to be. If companies use publically known addresses you can always prove you send them a certain amount.
This is an often overlooked point. Along with the potential for anonymity, there is the polar opposite with full transparency. In any given transaction, any or all party may elect to use either full transparency or anonymity (or pseudo-anonymity), and have a record maintained in the blockchain, and you can know which your counter-party chooses so that you can act appropriately. Having money with more features than ever previously existed is not something that is going to prevent Bitcoin from becoming mainstream. The economic ecosystem will fill in the gaps without so much difficulty. If anything is going to keep it from becoming mainstream it will be entrenched power in opposition, or subversion by existing money systems which are many orders of magnitude more powerful. A major chip fab co could be ordered by some entity with too-much-to-lose to produce a few million ASICs at a 21nm fab plant, lots of things could derail our noble experiment but not this. Need for (or lack of) KYC (Know Your Customer) is not going to be the Bitcoin killer. |
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If I took a sheet of paper drawing "$ 1000000000" on it and setting the price tag of $ 1000000000 for it would this inflate the dollar?
Am I the only one that thinks that the topic starter rapes logic here?
ya.ya.yo!
hey-ho m'fugga. Did you even read the previous posts? They answer your question pretty well. I read them. But they greatly overcomplicate the most simple fact: A painting titled "200 Bitcoins" is not the same as 200 Bitcoins. ya.ya.yo! Yes, we are "complicating" it by shilling our goods. I took the OP as an advert for a painting, and so joined with my own advert. No harm done. |
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Rather than turning away the small orders, why not just charge them a higher percentage? Then they can try it out, get comfortable, and then use it for larger transactions.
There are two main reasons why the increase has happened, and one of those reasons is the fact that sellers of BTC want to reduce the number of transactions running through their accounts. The sellers are integral to Bitcoin-Brokers success...without them, there are no banks, and no bitcoin despite what the rates happen to be. So its not a matter of just charging more to customers, its more about respecting the wishes of the sellers. It is unfortunate if this becomes a hurdle which cannot be reconciled with some buyers, yet it is the reality of the situation. I totally respect that - your sellers are the lifeblood of the system, and you must keep them happy. It makes perfect sense that they would want to limit the number of cash deposits made my others into their bank accounts! I'd still prefer it if the minimum were more in the $250-$300 range. But that's probably because my typical transaction will be in that range! lol. As far as the business card thing - that pretty much HAS to be changed. Assuming I use the service regularly, I'll quickly "run out of different branches" near my home. They are all pretty small, and soon they will begin to recognize me as "that weird guy that makes deposits into other random people's accounts, and always asks for a business card." It's gonna get noticeable quick, and that's the last thing anyone needs. I feel like supplying the name of the teller and the address of the bank branch, along with the deposit slip should be enough. I'll consider using your service again, even with the higher minimum. But the business card thing is kind of a deal breaker. Thanks for investing the work putting this together, and best of luck with your service moving forward. I'm happy with the service. All aspects of it. My suggestions are merely my idle thoughts on how it might grow. (Automation is going to be essential.) For what its worth, I routinely make large deposits into the accounts of others. Bullion is often sold with this mechanism, it is less weird than you might think. When I go to my own bank they pretty much recognize me as "that gold and silver guy that makes large deposits into the accounts of others". They also know that I work with Bitcoins, and some are curious. It is only a matter of time before some of the tellers will be downloading wallets of their own. Our community grows person by person. So when you walk into the bank to use this service, take this advice: Keep a smile on your face, and pride in your heart without any fear, and they will want to know what your secret to happiness might be. The more of us there are, the more those bitcoins you just bought will be worth down the road. |
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These SD discussion is just shit.
It is not possible to sell 10000BTC without moving the price. Even worse, it is not possible to withdraw fiat from gox, and the volume of bitstamp and btce just can't support big sell. If Erik and his team want fiat, it's much better for them to sell SD for fiat or fiat + BTC.
Please recall. It is possible that not all trades happen on the exchanges. There is a rumor that.... Bitcoins can be sent peer to peer! |
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Rather than turning away the small orders, why not just charge them a higher percentage? Then they can try it out, get comfortable, and then use it for larger transactions.
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It blows my mind that no one seems to understand that its the hashing HARDWARE backing bitcoin.
If everyone stopped mining today, how much would bitcoin be worth?
Backing generally means that the currency is redeemable on demand for a specific quantity of the backing asset. I might more readily say the price is supported by the mining, and supported by the desire. Though mining hardware is generally priced in BTC, the prices are not static. |
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The 10th Amendment Center fights for your rights. This group works to improve civil rights in the United States by getting the states to uphold the 10th Amendment reducing the Federal authority over-reach. Specifically it has been successful in advocating alternative currencies. Gold and silver are legal tender in Utah and some other states in the works, next Bitcoin! Eventually the banks and governments may be forced to accept bitcoin as lawful payment due to the will of the people. The TAC need your Bitcoins to survive another year, and not even a lot of them. Here are the details of how you can help: http://us1.campaign-archive1.com/?u=3a5a3fb1ad250e247bde9f42d&id=1c703f95e2&e=649db20ecdHere is some more about what they do for you (whether you know it or not, and whether you are in the US or not): http://tenthamendmentcenter.com/legislation/#.UeGazdK-pS8Send them here: 1irZb63AuCKgxeNee3EdfpPDGAHi9VAFP I think our friend is dead already =[ Reports of it's death have been greatly exaggerated... its just a flesh wound. Really though, these folks have made a big difference with very little, and continue to do so. |
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How can I tell my daughter why it is a good idea to buy into this when a mechanism is visible to remove value, and none is visible to increase it?
It's like any ETF: the fees are only worth paying if you place a value higher than the fees on whatever benefits the ETF might be offering. In this particular case, some people might like the liquidity, some people might like being able to hold it in a brokerage account, some people might like to hold it in a retirement account where the funds are otherwise unavailable to them, etc. For many people who are already fully capable of buying Bitcoins directly, I don't think there's much advantage at all. exactly THIS is the main problem. we should not tell our daughters to buy into "this". we should teach them to deal with bitcoins directly. trying to adopt bitcoin to be convenient as a sofa is a big mistake. then there will be no mind evolution, no financial revolution, nothing. anything stays where it is. anyone who understands bitcoins true potential and designation, should try to go and develop "other" way, no matter how inconvenient it should be. I wonder about this sometimes. I don't think everyone has to understand it, and I don't think it can ever become ubiquitous if mind evolutions are required for everyone. That ubiquitousness will get you your financial revolutions and true potentials even if some people remain baffled about what is going on around them. There is good value toward your goals in making things easier. While I agree about helping our daughters deal with bitcoins directly, that is because we care about our daughters personally enough to go through that effort for them. A lot of folks that have credit cards don't really understand those either. There is a place in the economy for a WBT ETF. It just may be that most of us here won't be that place, but there are those that do want it. If I can put this ETF in a retirement account that I can't put actual bitcoins into, then that might be a really great thing. I hope it manages to make it through the regulatory hurdles, and I suspect that it will. |
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NewLiberty(0uAC) = Wallet[ACL1B3RTY|NewLiberty]->GetBalance();
Having attained nothingness.
Now contemplating oneness.
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Wow....
You idiots really know how to turn people off to starting games, and how to run off people who are trying to give away BTC.
Bunch of clowns
The title of the OP "Lets have some fun!!..."  Be kind, we are just playing and making jokes, no hard feelings. We all failed to guess and the game didn't reach lift off. We'll do better next time. |
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"And its pretty ironic that yall accused me of being such and evil person yet the passphrase and everything was about the bible."
Got it. So you're not a scammer but a kids rapist? Excuse me but I don't agree with your logic..
LOL! Was just lurking the topic (poorly) but couldn't resist when I saw that someone else noticed the flaw there. Arguing that something is not evil because it's about the Bible is like arguing that something is vegetarian because it came straight from the slaughterhouse. But... the cow WAS vegetarian! |
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Good times I will likely make it to NYC this year as well. |
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...the decreasing amount of bitcoin per share which you now admit is normal.
Which I "now admit"? I reminded folks of this very fact on a separate discussion thread ( here and here) over two weeks ago... ...no reason to insult someone's intelligence or to accuse them of magical marshmallow thinking. We all like to learn and there might even be some things that they know and that you don't know. Be kind.
And my use of a metaphor doesn't seem like a particularly good rationale for insinuating that I am somehow insulting someone's intelligence -- yours or anyone else's. If I failed to anticipate how you or anyone else might take a throwaway comment as a personal insult, then my bad. However, exploiting my failure to anticipate your misinterpretation as an opportunity for a condescending restatement of the obvious -- namely, that all of us, including me, are lacking knowledge in almost all areas -- seems in remarkably poor taste. There is knowledge I lack in almost all areas. Believing one knows everything only assures one can learn nothing. If assuming a modicum of humility in myself and others is in poor taste to you, then I can live with that. But... in an attempt to return to the practice of discourse using assertions backed by evidence, rather than unbacked aspersions, I'll offer this bit from the WBT ETF S-1 along with a question: "Proprietary Security System. The Sponsor has developed a proprietary security protocol for storing and safekeeping the Trust’s Bitcoins. Other ETPs may not utilize security systems that create similar redundancies and safeguards to protect against theft or loss." It appears one of the mechanisms by which the Windlevoss IP LLC through the Sponsor (Math Based Assets) liberates the trust of its Bitcoin (below the starting .2 per share) is by seeking patent protection for methods of securing Bitcoin for which a patent license fee is extracted from the ETF. "Winklevoss IP LLC is the owner of certain intellectual property relating to the patent-pending structure of the Trust and the Security System. Winklevoss IP LLC is licensing the use of such intellectual property to the Sponsor." These are from page 39 of the S-1 http://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htmIs this legal protection against others attempting to similarly secure their Bitcoins a part of why the WBT ETF could become THE pricing mechanism of Bitcoin? |
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Happy, non-self-suffient slaves who believe to be free. This is the tragedy of this first collectivist epoch in the history of mankind (pyrozen) that began about 10'000 years ago and is ending now.
I have seen a few aspects of your past arguments that I didn't find coherent, but before judging anything I thought I would like you to explain the above quote as I see some ideas in there I don't understand. thanks. It means that the first collectivist epoch (Pyrocene - the last 10'000 years) in the history of mankind is a tragedy, which is based on the institutionally brainwashed happy slaves who gave up their historic self-sufficiency in exchange to a 'life' as a divided slave worker within an unnatural construction of a monogamous pairing family, which they call a free life, while it is in fact an existence as a dependent dependant. Can you describe how you believe your ideal society should lice? What exactly do we need to abandon, and change to be like what you think we should be like? We should abandon the society. Why haven't you done this? |
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My half formed idea is that the rise in the value of bitcoin will outpace the drain from the administrative fees, and that opinion leads me to consider it for a higher risk part of my retirement account. I am assuming that this increase in bitcoin value will translate to more wealth after retirement.
Very sensible assumption. |
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