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3701  Economy / Economics / Re: BTC @ 47.61 = 1B$ ? Should bitcoin market cap include the bitcoins to be mined ? on: March 06, 2013, 01:39:08 PM
No, it shouldn't, as that's not what the term "market capitalisation" means. Market capitalisation only ever includes shares that are actually held by shareholders, not treasury shares or unissued shares. It's an important distinction because every single satoshi that has ever been mined can be linked to the address of whoever currently holds it, just as every share of a company is owned by a particular shareholder, and you can point to that person and say "this person has this many bitcoins and they're worth this much". And you can add up all these people to get the total wealth that people are actually holding in bitcoins. That's what market capitalisation means.

Unmined bitcoins do not form part of the wealth held by any individual, and therefore are completely worthless. As far as the economy is concerned, it's as if they don't even exist. The fact that they will exist sometime in the future doesn't change the fact that they don't exist now, and therefore shouldn't be counted.
3702  Other / Off-topic / Re: I can't open the pickle jar! on: March 06, 2013, 10:11:59 AM
Quote from: Ken Thompson
When in doubt, use brute force.


Of course, this depends on how important it is to close the jar afterwards...
3703  Other / Beginners & Help / Re: Help - Bitcoints transaction not completed on: March 06, 2013, 08:10:15 AM
My withdrawal is the second address, stating "Unspent".
"Unspent" means you haven't spent the coins after receiving them - not surprising if you haven't yet received them.

Furthermore - Estimated BTC Transacted does not include my withdrawal.
"Estimated BTC Transacted" is just an educated guess as to which of the two addresses is the intended recipient and which is the "change". It is not always accurate, and the inaccuracy is nothing to worry about - as long as one of the addresses (it doesn't matter which) is yours and has the correct amount, then nothing has gone wrong.

(As Mt.Gox say they have sent the bitcoints and it is now beyond them).
They're correct. The coins indeed have been sent, and the transaction was confirmed nearly two weeks ago. If you haven't received them, the problem is on your end.

Has the client finished synchronizing yet?
^^ This. If your client says (out of sync), then don't panic. Just wait until your client has finished synchronising (which may take several days, and note that you must leave the client open during this time (though you don't have to do it all in one session - it'll pick up where it left off if you close and restart it)) and your coins will appear. If you still don't have your coins after it has finished synchronising, then you may resume panicking.
3704  Bitcoin / Bitcoin Discussion / Re: how many Bitcoin user worldwide? on: March 05, 2013, 09:24:15 AM
No, there is not a chance. Any such figures are educated guesses at best. Damn anonymity. Wink
3705  Other / Beginners & Help / Re: i'm trying to get some help setting up bitcoin on: March 05, 2013, 02:28:13 AM
i have installed the backport package just as he did which is why i chose to use this example.
Please don't use that version. It is ridiculously out of date and doesn't even support encrypted wallets. Uninstall it, and either install it from sid (not squeeze-backports), or from the tarball at bitcoin.org.
3706  Other / Off-topic / Re: How many nipples do you have? on: March 05, 2013, 01:46:24 AM
You humans never fail to disappoint me.

3707  Bitcoin / Bitcoin Discussion / Re: Payment QR codes: a Potential for Abuse? on: March 01, 2013, 05:44:43 AM
many wallet programs lack a confirmation dialogue box
Citation needed. No wallet software that I know of will execute a payment from a URI without clearly displaying the amount and address and requiring some form of confirmation from the user.
3708  Bitcoin / Press / Re: 2013-02-27 gizmodo.com.au - Will The Commonwealth Bank Support Bitcoin? on: February 28, 2013, 04:42:14 AM
With over 700Billion in assets - this is a pretty big bank. I think this is just a polite tweet - nothing more... so yes, for now I'm pegging this as absurd!
It's not just a big bank. The Commonwealth Bank was actually Australia's central bank before the establishment of the Reserve Bank of Australia in 1960, and was not fully privatised until 1996. They've also been well aware of Bitcoin for quite some time now. This is big news.
3709  Other / Beginners & Help / Re: Whoever is using Optus 3G and is posting... on: February 18, 2013, 02:50:25 AM
Huh Uh, you do realise that this forum doesn't allocate "shares" of posting time based on your mobile carrier, right? No website does. That doesn't make any sense. What are you even talking about?
3710  Bitcoin / Press / Re: 2013-02-17 Die Welt - Eine digitale Währung entsteht/A digital currecy arises on: February 17, 2013, 12:35:38 PM
Quote
Der größte Markt für Bitcoins, die amerikanische Online-Börse Mt. Gox, wurde Opfer eines Hackerangriffs.
MtGox is American now? Roll Eyes
3711  Economy / Games and rounds / Re: [ANN] Coin ♥ Love ♥ Chest on: February 17, 2013, 09:13:22 AM
I love the way Bitcoin lets me send money anywhere in the world, any time of day, any day of the week, even on public holidays, with no limits, and have the funds clear in ten minutes, all for just a fraction of a cent in transaction fees.

14n4X52FvkjAbwqpN5LreU5J1ohSLCcyfz
3712  Other / Beginners & Help / Re: Bitinstant I WAS ROBBED on: February 17, 2013, 03:09:10 AM
Wait until Monday before saying they robbed you.
Tuesday, you mean. Monday's a holiday in the U.S.
3713  Economy / Economics / Re: how much has bitcoin gained, on average (per month) since jan 2012? on: February 15, 2013, 11:08:02 AM
On average, 13.7% per month (360% per year).
3714  Other / Beginners & Help / Re: hi need some help with solo mining on: February 15, 2013, 05:45:50 AM
What do you mean by "it doesn't work"? What program are you using? Are you getting any error messages? Note that it'll take several years or even decades to find a block solo on a PC, so if nothing in particular seems wrong but you're just not earning any bitcoins, that's perfectly expected and you should either join a pool or get used to disappointment.
3715  Other / Beginners & Help / Re: Unusual "out of sync" on: February 13, 2013, 01:37:57 AM
The client will display (out of sync) if the timestamp of the most recent block (currently 220886) is too far off your system clock. If there was nothing wrong before you adjusted your system clock, and now it is out of sync despite not having any more blocks to download, then most likely your clock was correct originally, and is now wrong. Are you sure your clock is set to the correct time zone?
3716  Bitcoin / Legal / Re: UK tax in relation to bitcoin on: February 12, 2013, 10:14:42 AM
1. get 100,000,000 satoshi's .. would you call them a bitcoin or 100,000,000 satoshis with no formal name
Luke-Jr would disagree. The units are totally arbitrary. There is nothing special about the number 100,000,000 that makes 100,000,000 satoshi anything more than just 100,000,000 satoshi. You might as well say that 12 ounces of gold are a "set" because you have a "whole" pound.

2. send out your 100,000,000 satoshi in groups of 20,000 or individually 1 satoshi each you a single person. and watch the transactions fee's stack up. now is it more valuable to the recipient to receive it as a full bitcoin and keeping them as a full bitcoin to reduce/avoid transaction fee's when moving to and throw... instead of broken up losing him some satoshis selling/trading them individually.?
Send out your 6 chairs individually. And watch the delivery fees stack up. Doesn't matter whether the chairs are part of a set or not. It doesn't make the chairs "more valuable" for the recipient to receive them in a single shipment, it just means he has to pay less fees. The market value of the chairs is exactly the same regardless of what fees he had to pay. And the same goes for bitcoins.
3717  Bitcoin / Legal / Re: UK tax in relation to bitcoin on: February 12, 2013, 05:59:41 AM
{facepalm}
lol read the HMRC link PPLLEEAASSEE

.. hang on ill save you the trouble
Quote
Sets of possessions
A 'set' is a number of personal possessions that complement one another and are worth more together than separately.
Half a bitcoin is not worth any less than half the value of a whole one. A satoshi is worth exactly 100,000,000th of a bitcoin. A bitcoin is worth exactly as much as the sum of its parts. A bitcoin does not by any stretch of the imagination meet the definition of a "set of possessions".
3718  Economy / Economics / Re: The fundamental high price of luxury goods and bitcoin is similar. on: February 12, 2013, 04:19:39 AM
No matter how much enthusiasm of bitcoin , I double anyone have significant portion of his assets in bitcoins.
I do, and so do a lot of other people here.

(You maybe 100% cash in, but your house, your 401k, your brokerage accounts are denominated in dollars).
Really? I always thought real estate was denominated in square feet. Next you'll be telling us that gold isn't denominated in ounces and oil isn't denominated in barrels. Roll Eyes

If this is a bet someone can tolerate a loss and does not need it to spend (as most people say here, "saving"), then a simple higher price will not persuade them to sell, until they are so high that this insignificant part of the investment become significant.
Um, yeah. And then they sell because... wait for it... the price is too high for comfort. What's your point?
3719  Economy / Economics / Re: Supply and Demand - Simple question to a chart on: February 07, 2013, 02:18:46 AM
You've got the bid and ask mixed up. The "ask" is what people want to sell (they "ask" for a particular price for the coins they're selling) and the "bid" is what people want to buy (they "bid" a particular price for the coins they want).
3720  Other / Beginners & Help / Re: Release info from ScriptPubKey on: February 06, 2013, 12:50:35 AM
I am not a programmer.
In that case, there is absolutely no reason why you need to know about this, and also no way you could make use of the information if you did. Whatever gave you the idea that you need to be messing with this stuff?

I have this information: To address and ScriptPubKey.
The "to address" is the information in ScriptPubKey. If this is your address, the coins are already in your wallet, and you do not need to do anything to transfer them (if they are not in your wallet, the problem is with your wallet, not ScriptPubKey). If it is not your address, the coins aren't yours, and you cannot transfer them under any circumstances.
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