Bitcoin Forum
June 22, 2024, 07:56:27 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 [210] 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 »
4181  Economy / Service Discussion / Re: Who owns this site bitexchange.net on: June 18, 2012, 08:13:18 PM
The domain is registered to:

Andriy Bilous
c. Sicilia 212 atico 3
Barcelona 08013 ES
Phone: +34 656275110
Email: andrey AT andrinalina.com
4182  Other / Politics & Society / Re: Criticisms? on: June 18, 2012, 07:22:08 PM
The world will be ruled by companies, and companies are smart enough to know that war and crime is bad for business.
The best thing there is for business is when the use of force is placed under an objective system of laws, i.e., a [good] government. So, corporations (and honest people in general) would work to set up a government.
The worst thing there is for business is when the government starts forcing them to pay taxes. Nobody is suggesting that there shouldn't be an objective system of laws, just that said laws shouldn't be created and enforced at the whim of a single, monopolistic entity.

The word he's looking for is companies (that is, groups of individuals working together to make money; nothing more, nothing less). Companies will rule the world, which is a good thing because companies want money, not votes, and the only for them to get money is to provide what people are willing to pay for, as opposed to government's taking people's money by force and spending it on things the people don't necessarily want.
Well, if companies rule the world, they are the government (albeit a non-objective one), and they can take people's money by force.
How? In a free market, no company can force any individual to use them rather than their competitors, and the resulting competition will keep prices down. If your point is that people are forced to use some company for certain services, well, that's already the case now: people are "forced" to buy food or else starve, but nobody would seriously suggest that grocers are taking people's money by force or that they constitute a kind of government. People could also grow their own food if they are willing to put in the time and effort, and in an arnacho-captital system, the same would be true of all vital services. If enough people don't like what the existing companies are doing, they can (and eventually will) put their resources together and form their own company. Compare this situation with every form of government that has ever existed, where if you don't like the government's doing, you not only have to put up with it, you have to keep paying for it, and you'll have force used against you if you don't.

Let me ask, why would you support anarcho-capitalism when you could support having a mininal government that enforces only the basic rule of law, so that there is a capitalist system? Is there something wrong with that solution to you?
Because minimal governments don't tend to stay minimal for very long.
4183  Other / Beginners & Help / Re: Umm, is this forum modded by racist Nazis? >_< on: June 18, 2012, 01:35:10 PM
I think being a sociologist would be very interesting at this time in history. I am truly  interested to understand the motivation for people to behave online in a fashion, that I am sure, they would never do in real life. My rule of thumb is to interact with people online as I would if I were talking to them face to face.

Anonymity brings with it a temptation to abandon civility.

This is known as the online disinhibition effect and it's actually quite easy to understand:

penny-arcade.com/comic/2004/03/19/
4184  Bitcoin / Bitcoin Discussion / Re: Hey for the love of Satoshi can I PLEASE pay a tx fee? on: June 18, 2012, 10:33:36 AM
Satoshi's Client has a set fee of 0.0005 BTC, although it enables you to "choose the fee". If you choose a lower one, youll get an error message once you actually try to send a tx. Sometimes you also have to pay more, like 5 times as much as the minimum fee (0.0005), dont know if that is somehow part of change?

As I understand, the Satoshi client selects a fee based on transaction data size, priority, and dust outputs. Only the data size fee is user-selectable; the client will enforce a minimum fee on low-priority transactions and transactions with dust outputs, but high-priority transactions with no dust outputs can be sent with no fee if the data size fee is set to zero (at least, I think that's how it works).
4185  Other / Politics & Society / Re: Criticisms? on: June 18, 2012, 08:44:48 AM
When there is no government, armed gangs fight until one of them wins and becomes the government.
The world will be ruled by companies, and companies are smart enough to know that war and crime is bad for business. Sure, governments know that too, but they don't care because they have a monopoly on the use of force. When there's no monopoly on force, it will be priced more reasonably, making unnecessary violence unprofitable. Hopefully.

External threats are one of the main problems. There is a reason that you see no AnCap societies when you look around today.
Suppose all these armed gangs people keep referring to band together against their common enemy? Seriously though, if it becomes a problem, I'm sure the companies ruling the world will try to negotiate peace with the invaders, what with war being a threat to their business and all.

Corporations are a product of the government. You pay a government to be excused from certain laws. So maybe that isn't the word you were looking for.
The word he's looking for is companies (that is, groups of individuals working together to make money; nothing more, nothing less). Companies will rule the world, which is a good thing because companies want money, not votes, and the only for them to get money is to provide what people are willing to pay for, as opposed to government's taking people's money by force and spending it on things the people don't necessarily want.
4186  Other / Beginners & Help / Re: Should the BTC protocol cater for a market driven fractional reserve world? on: June 18, 2012, 08:10:33 AM
I don't understand how this is supposed to work. If you have multiple Digital Promissory Notes backed by the same bitcoins, what happens when someone redeems one of the Digital Promissory Notes for its bitcoins? Then the others aren't backed anything anymore, so you've got the same problem. Fractional reserve banking always relies on trust: the depositors have to trust that the bank won't make unnecessarily risky loans with their money, and the bank has to trust its debtors to pay back their loans on time. There is fundamentally no way to create debt-based money without trust.
4187  Other / Beginners & Help / Re: Umm, is this forum modded by racist Nazis? >_< on: June 18, 2012, 07:57:49 AM
We don't hate you because you're Jewish, we hate you because you're being an immature jerk about this whole incident. Whether you're white, black, male, female, gay, straight, Jew, Christian, Muslim, Hindu, atheist - it doesn't matter, we hate all jerks equally. We're equal-opportunity haters. ^_^
4188  Bitcoin / Bitcoin Discussion / Re: Bitcoinica's "Hot Wallet" loaded hours prior to the heist? on: June 18, 2012, 07:44:44 AM
It's not strange at all that the majority of coins in the hot wallet were only a few hours old at most. The hot wallet probably gets swept into the cold wallet every few hours or so. It would be more secure for funds to go straight to the cold wallet and transferred to the hot wallet as needed, but I guess doing it this way makes fast withdrawals easier. Or something. Either way, the real question is, what the Hell were these old coins doing in the hot wallet for so long without being either withdrawn or transfered to cold storage? Huh
4189  Bitcoin / Bitcoin Discussion / Re: Hey for the love of Satoshi can I PLEASE pay a tx fee? on: June 18, 2012, 06:21:37 AM
TORwallet charges a fixed 0.0005 BTC transaction fee.
4190  Other / Off-topic / Re: GMO in the food we eat. on: June 18, 2012, 12:17:25 AM
Damn. I thought this was going to be a scheme to encode bitcoin URIs in the DNA of gentically-modified food products, thereby removing the need for price tags once hardware wallets start incorporating DNA sequencers. I mean, this is the 21st century after all, we're supposed to have cool stuff like this by now. This future never fails to disappoint me.
4191  Other / Beginners & Help / Re: Should the BTC protocol cater for a market driven fractional reserve world? on: June 18, 2012, 12:03:06 AM
Fractional reserve banking with Bitcoin doesn't need "Digital Promissory Notes" or any other kind of protocol change. It is already possible as it is. Any of the larger hosted wallet services or exchanges could become a fractional reserve bank right now if they wanted to by just loaning out depositor's bitcoins and hoping the depositors don't try to withdraw their bitcoins until the loan is repayed. That's how fractional reserve banking works with real money, and there's no reason it won't work with Bitcoin. The only difference is that with Bitcoin there's no government to bail the banks out in the event of a bank run.
4192  Other / Off-topic / Re: Post a picture of your vice on: June 17, 2012, 01:58:12 PM


I like my burritos the way I like my vixens: hot and wet with a glistening orange coat and a decent amount of meat with an aroma that cuts the air and makes you want to eat one RIGHT NOW while still taking the time to fully appreciate all the complex flavours... Wait, where was I going with this comparison?
4193  Other / Off-topic / Re: Post a picture of your vice on: June 17, 2012, 01:05:17 AM
4194  Other / Beginners & Help / Re: Introduce yourself :) on: June 17, 2012, 12:11:49 AM
Hey, I've been lurking on this forum for awhile now and i finally decided to register to get some help.  Before this I've mostly been using Kiv's GUIminer (which is awesome btw thanks for making it) but now i need to use either CGminer or UFAsoft since i got some BFL singles but I get an error message when on the last step in the build process for CGminer.  it looks like this:

$ CFLAGS="-02 -msse2" ./configure
checking build system type... i686-pc-mingw32
checking host system type... i686-pc-mingw32
checking target system type... i686-pc-mingw32
checking for a BSD-compatible install... /bin/install -
checking whether build environment is sane... yes
checking for a thread-safe mkdir -p... /bin/mkdir -p
checking for gawk... gawk
checking whether make sets $(MAKE)... yes
checking for style of include used by make... GNU
checking for gcc... gcc
checking whether the C compiler works... no
configure: error: in `/home/David/cgminer-2.4.2-win32':
configure: error: C compiler cannot create executables
See `config.log' for more details

when i open up the config.log in the command line interface i get this:

$ config.log
./config.log: line 1: This: command not found
./config.log: line 2: running: command not found
./config.log: line 4: It: command not found
./config.log: line 5: generated: command not found
./config.log: line 7: $: command not found
hostname: extra operand `David-PC'
Try `hostname --help' for more information.
uname: extra operand `='
Try `uname --help' for more information.
./config.log: line 15: syntax error near unexpected token `('
./config.log: line 15: `uname -r = 1.0.17(0.48/3/2)'

if anyone can tell me what to do it would be greatly appreciated and rewarded with a bitcoin or 3

EDIT: Nevermind, didn't notice you were using MingW. Embarrassed

Is your \ming\bin folder in your system PATH? If not, you probably need to add it in order for it to work correctly.
4195  Other / Beginners & Help / Re: Death of Bitcoins on: June 16, 2012, 09:30:47 AM
There's an upper limit of 21 million Bitcoins. Currently that approx. 100 million USD. For big players like Goldman Sachs that's peanuts.

Should they decide one day that Bitcoins might impose a threat on them in the near future, they could buy large amounts of bitscoins - and "destroy" them (e.g. move them to offline wallets - and "throw away the key").

Is that a valid scenario? What do you think?

No. I think you have absolutely no idea how the market works. Not all bitcoins are for sale at the same price, and some are not for sale at all. If a person (or corporation or government) wants to buy a large number of bitcoins, they can only do so if they can convince a large number of people to sell, and some people will not be convinced to sell their bitcoins unless a high price is offered. For this reason, the more bitcoins someone wants to buy, the higher the price per bitcoin becomes, and they won't be able to buy all the bitcoins because some people will not be willing to sell for any price.

If someone did buy a large quantity of bitcoins, driving up the price in the process, and then sold them again, the price would just drop back down for the same reason (to convince enough people to buy, they need to offer a low price). If they destroyed their bitcoins instead of reselling them, the price would simply stay high forever. They lose all the money they put in and everyone else becomes a little bit richer. For some reason, I just don't see any bank or government doing something like this. Smiley
4196  Other / Beginners & Help / Re: Exchanges that don't "Know Your Customer"? on: June 16, 2012, 12:47:38 AM
I was looking at payment methods. Can someone tell me why debit cards are not on this list? I don't even know if chargebacks are possible with debit cards, but my guess is no, so they should be a pretty good method, eh?

Why would you guess that? Of course chargebacks are possible with debit cards, for exactly the same reason they are with credit cards. There is absolutely no difference between a debit card and a credit card other than that the money comes from your bank account instead of the issuer's bank account, thus saving the issuer the trouble of sending you a bill every month.
4197  Alternate cryptocurrencies / Altcoin Discussion / Re: BIBOCURRENCY anti bitcoin currency on: June 15, 2012, 03:04:24 PM
ALSO THE WORLD'S FIRST ALL CAPS CURRENCY, APPARENTLY.

Also,
4198  Economy / Economics / Re: What does really set bitcoin apart? on: June 15, 2012, 08:10:25 AM
These are all interesting properties that we usually take for granted, but they are not the only ones. In fact there are some other 'features' that really set bitcoin apart:
  • No chargebacks: irreversible transactions after an hour.

That's good for the merchant, but not the customer.  I have had to issue charge backs against a handfull of merchants over the years who took the money and ran.  Easy and pretty simple process.  Who do I contact to get my bitcoins back?  We can't assume that every merchant who deals in bitcoins is completely trustworthy.  If an intermediary is used (like Mastercard/Visa/et al) but for Bitcoins, they'll no doubt add their own service charges in for every transaction.  Which brings me to my second point...
Escrow services already exist, and they do charge their own fees. But so what? It's a competitive market, so the fees will always be very reasonable. In any case, even without chargebacks, Bitcoin is in many ways safer than credit card transactions, since it impossible for a merchant to charge more than the customer agrees to pay, cannot charge the customer at a later date for a subscription service the customer never intended to sign up for, and (at least in cases where a shipping address is not required) cannot use the customer's details to commit identify fraud. The absolute worst thing that can go wrong with a bitcoin transaction is that the customer doesn't get the goods he paid for, which shouldn't be much of an issue when reputable companies and escrow services are involved.

  • Low transaction fees: most transaction fees are free of charge, or nearly so and they will be kept low forever.

Every time I've had to send bitcoins to MtGox I've paid a transaction fee.  For who are most transactions free of charge, and how much can be transfered?  I send relatively small amounts (5 to 10btc) to MtGox and get charged over 1% in fees by the network.  The BTC client declares the transaction is complex and I must pay up to support the network, or not transfer BTC at all.
In order for a transaction to be allowed for free, it must have no outputs less than 0.01 BTC, and it must be "high priority". Priority increases with the age and value of the transaction inputs: if you have only recently received your bitcoins before spending them, or if you are spending bitcoins which you received in a large number of small transactions (say, from various free bitcoin sites), your transaction will be considered "low priority" and require a fee.

There is also an optional fee on transaction data size, which affects whether your transaction will be accepted into a block which is already close to full (at least, I think that's how the transactions size fee works). Again, if you received your bitcoins in a large number of small transactions, transactions spending those coins will require a large amount of data, and attract a higher fee, if your client mandates the size fee (which the standard client does not).

On the other hand, if you receive a moderately large amount of bitcoins in a small number of transactions, and you don't spend them immediately, you will probably not have to pay a fee to spend them later.

The moral of the story: free bitcoins aren't so free when you actually want to spend them. Tongue
4199  Other / Beginners & Help / Re: Purchasing reasonably-priced BTC in Australia? on: June 15, 2012, 04:38:32 AM
What do you mean "competitors have upped their prices ridiculously"? Spend Bitcoins' price has always been the Mt. Gox rate plus 10%, which is an entirely reasonable fee considering the service they provide (besides, if bitcoins go up in value (as they tend to do) the 10% fee will pay for itself very quickly).
4200  Other / Beginners & Help / Re: Free 0.25BTC on: June 14, 2012, 07:45:53 AM
The site is currently down. Cry

EDIT: It's back up now. And thanks for the free coins. Grin
Pages: « 1 ... 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 [210] 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!