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41  Economy / Economics / Re: Is Bitcoin Money or Currency on: April 08, 2015, 01:36:33 PM
Money is unreal, meaning imaginary, intangible - a concept.

Currency is NOT money, but merely represents money.
42  Bitcoin / Bitcoin Discussion / Re: Fiat is a Perpetual Premine Scam on: April 07, 2015, 01:18:21 PM
And unfortunately, premining isn't available to the public...
43  Bitcoin / Bitcoin Discussion / Re: Time to bust a myth: Paper wallets are less secure than normal encrypted wallets on: April 06, 2015, 04:35:55 AM
As a sort of counter argument for some of the paper wallet drawbacks (i.e. printer, hacked computer)... you can create your own machine AND printer as an all-in-one device that never touches the internet: https://github.com/piperwallet/Piper

You can inspect the code for these backdooor random number generator.  And you can order your own raspberry pi and printer accessories online to assemble yourself.  Bonus: it doubles as a digital backup AND you can backup to as many USBs as you would like.  

The ONLY drawback to this method is that you have to keep the machine as safe as your paper wallets (safe from theft).
44  Bitcoin / Development & Technical Discussion / Re: Payment system as a BIP on: April 02, 2015, 03:30:42 PM
And i also have a question . What is called is "BIP" ? Please !

https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposal

45  Bitcoin / Bitcoin Discussion / Re: How can I keep MYSELF from spending my BTC in the next 5 years? on: April 01, 2015, 03:18:48 PM
You shouldn't keep yourself from spending your BTC.

On the contrary. If you believe in Bitcoin and want it to prosper, you should spend as much BTC as possible - but also keep buying back the same amount (on exchanges or whatever) to keep your Bitcoin balance on par. Same result as not spending bitcoins, except now you help Bitcoin propagate and stimulate the Bitcoin economy.

Remember, Bitcoin is going nowhere if everybody just keeps it in their pockets, silently waiting for others to do something.

People assume a lot in here.

I have bitcoins to SPEND, I have bitcoins to SAVE, and I have bitcoins for LONG-TERM savings.

I just wanted a way to make them unspendable for a set amount of time.
46  Bitcoin / Bitcoin Discussion / Re: Paid a hooker in vegas using Bitcoin Saturday night on: March 31, 2015, 08:12:07 PM
I didn't use it for a hooker, but I used bitcoin in Vegas this past weekend as well.  It made for great table talk in the casinos...
47  Bitcoin / Bitcoin Discussion / How can I keep MYSELF from spending my BTC in the next 5 years? on: March 31, 2015, 08:10:32 PM
Is there a way I can make BTC unspendable in the next 5 years?  I know it's "programmable money," but can I do this outside of a 3rd party app?

I can keep my BTC in cold storage, but the temptation will always be there to take it out of the safe and spend it.  What's the best way to store it for a given amount of time if you don't trust yourself?

Think of it like a CD.  Is there a viable option that exists now?
48  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold-Backed Cryptocurrency (Hayekcoin) on: March 31, 2015, 07:53:57 PM
Gold has value everywhere in the world

I understand that, historically.  SOMETHING had to hold "value" to make trading easier.

Not to sound impractical, but what happens in the not-so-distant-future when we can mine for gold on asteroids? 

http://www.popsci.com/science/article/2011-09/meteorites-gave-us-all-our-extractable-gold-new-study-says

http://www.slate.com/articles/health_and_science/space_20/2014/10/asteroid_mining_and_space_law_who_gets_to_profit_from_outer_space_platinum.html
49  Alternate cryptocurrencies / Altcoin Discussion / Gold-Backed Cryptocurrency (Hayekcoin) on: March 31, 2015, 07:02:31 PM
I tried searching the forum for answers but haven't found any.  It seems there is ANOTHER coin by the same name - but it's a novelty coin.

The coin is question can be found in this article: https://www.amagimetals.com/info/anthem-vault-launches-hayekcoin/

There isn't a predetermined amount of coins because it's backed by gold in the vault.

Now, this reintroduces CENTRALIZATION back into the coin, because Anthem Vault will be distributing the coins based on the gold that is held in it's vault.  Also, we would need a way to audit the vault to insure the gold they claim is there is actually there.  The danger I see is the same trap with fiat - they can "print" money without actually having the gold to back it.  What if you want to remove your gold from the vault?

Also, personally, I don't care about gold AT ALL.  It's an ancient method to peg worth for trade.  However, I can't trade it in a grocery store today (thanks, fiat!).  It's a shiny metal that can only be used for jewelry and circuits.  Why should I attribute value to it?  I think cryptocurrency adds value, ironically, by what it represents - a medium of exchange.

Thoughts?
50  Economy / Digital goods / Anybody have Delta Skymiles? I'll buy them with BTC... on: March 17, 2015, 02:25:59 PM
I'm trying to fund a trip to Vegas with BTC - I'd be willing to exchange BTC for skymiles (you can transfer them to me - all you need is my skymiles# and name).  Of course, we can use an escrow service.

I need 65,000 Skymiles - I'll spend 2BTC. 
51  Economy / Service Discussion / Re: Traveling (flying) with Bitcoin on: March 16, 2015, 03:04:08 PM
Doesn't Expedia also accept bitcoins, which can be used towards hotel booking and flight bookings ?

Unfortunately, it is for hotel bookings only.  Tried to purchase a flight with bitcoin and it's not an option.

Guess I'm stuck with cheapair and layovers haha.

Hopefully in the future, having bitcoin will give me priority treatment.
52  Alternate cryptocurrencies / Altcoin Discussion / Re: IBM Rumored to Be Developing Bitcoin Alternative on: March 13, 2015, 02:06:57 PM
It's a centralized cryptocurrency...

Inadvertently, I think this is good news for Bitcoin. I think a lot of people may switch over to a centralized cryptocurrency for reasons of misguided 'trust.' In any event, which history shows it always will, some negative action will occur within this system. Over time I think people will see the light and more easily switch over into the Bitcoin economy.

Bitcoin doesn't have any competitors outside of duplication. Meaning, centralization has been the problem all along - decentralize it and, well, you have Bitcoin...

Bitcoin, again, will be like gold because it's more valuable with a limited amount.  Centralized authority will unjustly create more like they are now; the model doesn't change. 

They'll learn eventually...
53  Economy / Service Discussion / Traveling (flying) with Bitcoin on: March 09, 2015, 02:36:34 PM
I know this is a post already, but can anybody give insights on flying with Bitcoin?

BTCtrip.com - they're not responding to my emails... are they still legit?  I want to know if it's possible to use my Skymiles account (Delta) with the tickets that I purchase.  It seems that I purchase the ticket and they send it via email.  I'd like to use my Delta app on my phone (I'm used to flying with Delta and using their app for boarding)

Cheapair.com - they don't have the airline I want to use (Delta)

Is there another method?  Has anybody used brawker.com for airfare - specifically Delta?


EDIT: I'm flying to Las Vegas at the end of the month to celebrate my 30th birthday Smiley
54  Bitcoin / Bitcoin Discussion / Re: What are some ways you can think bitcoin won't succeed? on: March 08, 2015, 03:07:54 PM
It's 2023 and coinbase has tradmarked "to the moon". 90%+ of all transactions are handled by coinbase since they make it easy for non-tech people. They are the facebook of the digital currency world. They will only process payments on whitelisted addresses. If you are traced to anything outside their terms of service the will close your account. By 2025 everyone has been banned by coinbase for small infractions and bitcoin is marked a failure.

Huh? So coinbase bans everyone and goes bankrupt. Makes no sense. Nor does it make sense to imply that being banned by coinbase somehow locks you out of the blockchain or from using bitcoin directly. You have imported the fiat/central bank mindset into bitcoin in a way that is completely anachronistic.

Haha so he answered the question...  it's a valid argument - with government control and regulation (much like Net Neutrality), it can kill Bitcoin.  No need to get upset at his argument... because as we currently stand, we are poised and in position to move in this direction.
55  Other / Politics & Society / Re: The end of copyright and patent is where we should be headed on: March 05, 2015, 08:07:17 PM
The concepts of copyright and patent are very much 20th century ones.

The idea of trying to control "copies" made sense when you had to have expensive equipment to make the copies and the idea of allowing people to hold control over the new inventions made sense when you didn't have a way for everyone to communicate.

But we don't live in the 20th century anymore.

What we see now is that in the US companies try and keep copyrights alive "forever" (just look at how many years they keep extending the time frame for copyright on music) and with patents many corporations are able to just "stifle" any development of new ideas (which was supposed to be the very point of patents) which is why it has taken so long for many alternative energy technologies to even appear.

We don't need these "artifacts of the past" as we have "crowd funding" and "crowd sourcing" to get things done much more efficiently.

Let's stop supporting antiquated ideas and start pushing forward some new thinking (this is the space that Bitcoin is a big part of).


100% agree.  We still live by and abide by a set of rules that were created before a lot of our technology nowadays.  Society is completely and vastly different than it was just 50 years ago. 

We need to figure out a way to adapt and adopt as a human race.  We're such small picture beings...

Who knows, maybe we'll all work together in the future when we realize it's just one short life we have - ownership of ANYTHING doesn't matter in the long run.  Let's make our lives here the best they possibly can be during our short tenure on Earth.  I doubt I'll get to see this in my lifetime.
56  Bitcoin / Bitcoin Discussion / Re: It's year 2050 and Bitcoin is the world currency... on: March 05, 2015, 06:34:44 PM
First of all, if Bitcoins exist that long, and there are only 20 million of them.  Bitcoins value would be insanely high.  Also, how on earth would people get paid everyday?  They wouldn't be able unless more coins were being generated.  It just isn't an idea that Bitcoins will ever be the world currency because the world currency would HAVE to have the ability to create more money when needed.

What do you mean how would people get paid?  With jobs.................. just like today...............

I don't think you understand the fallacies in today's current financial system.... you don't just print money if you need more......

Yes Bitcoin's value would be insanely high... that's why you can use it in fractions....
57  Bitcoin / Bitcoin Discussion / Re: It's year 2050 and Bitcoin is the world currency... on: March 05, 2015, 04:17:55 PM
It's year 2050?!? My Boss will be pissed I did not show up for work for 35 years..  Shocked


You must be a dad...
58  Bitcoin / Bitcoin Discussion / Re: Superior Cryptonote Technology on: March 05, 2015, 04:15:55 PM
What about this thread? https://bitcointalk.org/index.php?topic=740112.0

And what about the NSA speculations behind Cryptonote? http://en.wikipedia.org/wiki/CryptoNote#NSA_involvement
59  Bitcoin / Development & Technical Discussion / Re: Online address sweeper for BTC? on: March 04, 2015, 06:42:26 PM
I developed this service for CAPTcoin:

https://api.captcoin.com/address/sweep/

What it does is asking for either an address or private key, then query the unspent outputs (from insight API) and create a transaction.

If the address was provided then it's only informative. If the private key was provided then the TX is actually signed and sent to the specified address(es).

It can also been used as a REST API: https://api.captcoin.com/address/#sweep

While technically this is quite simple (I could port it for BTC in a few of hours) I understand there would be a huge trust issue
and that's why I haven't even bothered. I know nobody would use it.

Is there a service like this provided by a trusted party?


Edit: Or does anyone have an idea to provide this service (preferably including an API) trustlessly?



Allowing people to host it themselves and the code to remain open to view (i.e. Github).
60  Bitcoin / Bitcoin Discussion / Re: It's year 2050 and Bitcoin is the world currency... on: March 04, 2015, 06:39:51 PM
From the Bitcoin Wiki:

https://en.bitcoin.it/wiki/FAQ#But_if_no_more_coins_are_generated.2C_what_happens_when_Bitcoins_are_lost.3F_Won.27t_that_be_a_problem.3F

Quote
But if no more coins are generated, what happens when Bitcoins are lost? Won't that be a problem?
Because of the law of supply and demand, when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases. This is a deflationary economic model. As the average transaction size reduces, transactions will probably be denominated in sub-units of a bitcoin such as millibitcoins ("Millies") or microbitcoins ("Mikes").

The Bitcoin protocol uses a base unit of one hundred-millionth of a Bitcoin ("a Satoshi"), but unused bits are available in the protocol fields that could be used to denote even smaller subdivisions.

That should answer your question.

I get this and I'm TOTALLY in favor of it.  However, a scenario where a large percentage is lost all at once - would that not disrupt the economy?  All of a sudden product prices should move down because the Bitcoins are worth more.

I get over time the value will compensate - but what about all at once?  What if we're stupid enough to trust a 3rd party to hold coins (for whatever reason) and then they vanish all at once.  What happens to the economy in a situation like this?
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