And why paper will never replace gold and silver in the 1800/1900s :-) "Why Internet will never reach mainstream".
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Competition between States (Countries) and entities at every level is important. Freedom thrives where their is competition, freedom loses when there is a huge government imposing the will of power-hungry politicians on others. let the chosens curse me but its telling how multicultralism is pushed in every first world western land except that slab of sand north of Egypt
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I propose that we make P = NP. Oh wait, then we have a real problem. :-) Agreed. I also propose redesigning 3-stage rockets so that the top two stages carry payload and only the bottom stage carries fuel. That way twice as much could be carried into orbit for half the fuel. I am surprised it wasn't done like that for the manned space program.
We better make the speed of light higher so that optic fibers can allow much faster data transfers
I think we can achieve both of these by first making space-time riemannian instead of Pseudo-Riemannian. With euclidean space-time there should be no need for pesky limits like a constant speed of light, and the extra payload mass should be offset-able by simply moving some of the fuel you didn't need into the past. ObOntopic: While not all nodes need to constantly store the complete history— it is not so simple as waving some hands and saying "just keep X blocks": access to historical data is important to Bitcoin's security model. Otherwise miners could invent coins out of thin air or steal coins and later-attaching nodes would know nothing about it, and couldn't prevent. There is a careful balancing of motivations here: part of the reason someone doesn't amass a bunch of computing power to attack the system is because of how little they can get away with if they try. |
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I agree. It has been going away for a long, long time to the extent it was in the US. Of course Hong Kong was doing okay for about 99 years and now there is fear there too. I heard true capitalism died in December 1913 in the US  Now, european planned economy is more close to fascism. |
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 these psudo capitalist only borrow, spend and steal acting in the colour of real capitalism ! 
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That is not capitalism, it is fascism or socialism or, as someone said above, crony capitalism: Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its’ result is the free-market. -- http://capitalism.orgcapitalism works if you actually own the thing you claim you are capitalizing on ! Oh, he does own his own money. It's just that the capitalists have agreed that rather than make them pay for their wrong doings, it's better to make everyone else pay instead. Think of it as the application of the Golden Rule. He who has the gold, makes the rules and in this case, the new rule was that his money was to be 'borrowed on a permanent basis'. |
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I wish there were words to say how we feel about how terrible this all must have been for you (and thousands and thousands of other people in Cyprus). When the thieves are in charge and their is no rule of law or property rights, no one is safe. I fear for other countries too although I think the US is going to have it done more subtly via inflation and taxes instead of outright theft.
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I agree. And blamed for what? He never said, which is why he got all those off the wall answers. Only 32 posts in and you are already asking who is to blame?
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Generally it is a bad idea unless you don't care about losing the money you put in which is always a distinct possibility. (Unless you are the one SELLING the initial bomb...that is the smart position).
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Is this supposed to be a "comparison" site? If so, you probably don't want the word "comparations" but "comparison" since "comparations" means something different that does not seem applicable to what you are doing here. Looks interesting otherwise. ;-) Hi all, I present to you my humble attempt to compare most used cryptocurrencies. I hope someone will find this useful. http://bitinfocharts.com/Coins present: Bitcoin Litecoin Namecoin Terracoin PPcoin Novacoin Freicoin Feathercoin Avaliable comparations: Number of unique transactions per day Average block size Number of unique addresses per day Average difficulty per day Average hashrate (hash/s) per day There is also short current info about each of this coins: Total coins Transactions last 24h Transactions avg. per hour Coins sent last 24h Coins sent avg. per hour (last 24h) Blocks Count Blocks last 24h Blocks avg. per hour (last 24h) Difficulty Network Hashrate (avg. yesterday) Please let me know if you find errors or have any comments / suggestions. |
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And what suggestions do you have about such improvement?
And re "women are the answer": Perhaps brothels in NV etc can accept bitcoin?  |
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I agree they seem to be in it for the long haul. An ETF is a very positive because it opens up the BTC market to anyone with a brokerage account that has access to US markets. It makes it easy for someone's mom or aunt or sister or son to buy "just a few bitcoins, just in case." The costs involved setting up an ETF are not insignificant (I would think in the 6-7 figure USD range given the legal, regulator etc hurdles) and it seems as if this would be an expensive way to liquidate their positions. Whatever the cost of their investment and relative to their other holdings their BTC portion is small percentage-wise (even now) and they do not seem stupid enough to cash out something that has a lot of potential for something that they do not need now. Would you cash out a few percent of your portfolio if it had a huge appreciation potential and you didn't need it?  they're in this for the long haul. They understand if bitcoin is to succeed, it must get into the hands of as many people as they can, in a way only people like them can. see: Another issue is the total amount of bitcoins they control, if they do not increase it, and money keeps pouring in (and they allow for physical deliver as most ETF's do) then you now will see bitcoins worth 100k each or more.
Not only are they going to be 'selling their bitcoins' to the investors , they will be making money on the transactions for life for 'managing' the fund.
You think mining fees are outrageous, these guys just made the most powerful ASIC miner in history. Every single transaction on that fund they will be making a profit from. |
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There are no guarantees, but rough estimates would be 4-12 months - yes, it is a wide range and there does not seem to be a FedEx overnight type guarantee. ;-) With regard to the comments above, one can hope that the regulators do not coordinate and the SEC defines it as they will. It is good to remember that very often the left hand does not know what the right hand is doing so it is a possibility. Or, perhaps the SEC will disagree with FinCEN and interpret things differently. One can hope that either there is a turf war here or that the left and right hands do not coordinate. when their proposal will be accepted or rejected?
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Gambling is another market for people in places where online gambling is not legal, but where people wish to be free to do so. Personally, I think that gambling and micro transactions, similar to Silk Road, are going to be growth areas for bitcoin. Kind of like porn was for VHS. Bitcoin features should be used to enter existing markets but also to create new markets where payments would be impossible or very difficult/dangerous/impractical to do.
This is what happened with Silk Road and now Atlantis. It made online purchases convenient, easy and safe even for difficult products and services.
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Regarding the statement if "7 million just permanently deleted their wallets, that would help kill it off, right? " 1. If "it" means that deleting the wallets would kill bitcoin off, that is incorrect. It would just increase the value of the remaining bitcoins. 2. If "it" means that deleting the wallets would kill off this purported "kill switch", then (assuming their are not significant errors in the article) it would in theory stop the kill switch that was described by "dumping 7 million coins" since they would no longer be accessible. There are significant issues that were debunked (as has been linked to on the first page). Here's something that I'm wondering...
It seems to me that (IF a small group of) the people who own the 7 million just permanently deleted their wallets, that would help kill it off, right?
Or what if the government bought (or is buying) hundreds of thousands and just threw them away?
That's my question.
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you will understand why they are going to reset Bitcoin mainframe
"Bitcoin mainframe"? LOL. What is the NSS? Did that mean NSA? There are many posts in here that make no sense. I know I shouldn't feed the troll, but this stuff is priceless. |
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Gambling is a big market for bitcoin, but it is too difficult for non-techies to set up without a big incentive. Something like gambling gives incentives to a large group of motivated people to use it. Silkroad too for some, but there are few other killer apps out there yet. No VisiCalc for the Apple ][ and PC.
My list:
1. Silkroad type
2. Gambling
3. a. Wealth preservation
3. b. appreciation, we hope
4. Easy transactions between jurisdictions, yes, but only limited need so far
5. Namecoin for the .bit TLD maybe. Needs special configuration
6. Speculation
Once it is easy to use so that your aunt or grandmother can use it easily, that will increase adoption. The audience here is not the huge sweet-spot market that would hit a large percentage of the population.
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Some excerpts: ...
What we are left with is this: well within the next ten years and probably within five, America’s creditors – mainly China but also Japan, Russia, Germany, Saudi Arabia, and Korea – will have to bite the bullet and move to a new currency system. It will be as big a moment as the Bretton Woods agreement of 1944. The betting is that the dollar will be replaced by a basket of currencies. The dollar will retain a role but a much shrunken one. It will be a similar story for that other perpetual sick man of the currency markets, the British pound.
...
So what comes next? Some people have been pushing the bitcoin. This can be summarily dismissed. As Paul Krugman [a hack, and Forbes quotes him as a source? Ha] has pointed, demand for the bitcoin comes almost entirely from speculators rather than commercial users, which does not bode well for the stability of any bitcoin-based system. There is also the fact that no serious government has any interest in curtailing its currency-issuing monopoly to accommodate this techie’s pipedream.
...
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If you can get him to do it, perhaps Rand will too. ;-) If you want to get BTC awarness into Ron Paul's mind and his followers pledge some BTC. If we get enough to convince him to accept our donation in BTC I will teach him about BTC and how to go about integrating it on his site. I am asking for pledges before I talk to him because I feel it would be much more convincing if I had some money behind me.
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A simple suggestion is to just add something that says if someone wants to make a financial contribution to the honeymoon or the house, just say you'd love to receive bitcoin. Then you get the word out, but no one has to do anything. Or you could say in the registry description: "do us and yourself a favor and take a look at bitcoin." :-) BTW, Just got married last month, and my now wife understands some about bitcoin, and is supportive. I'm not sure what she would've said about the registry and bitcoin. For a baby show, you could say "contrib to the baby's college education with bitcoin" |
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