Others can't seem to be able to accept life.  Or at least the possibility of extending it. Some people can't seem to be able to accept death.
No, not really. It's just kind of absurd when people try to become immortal as God. The counter argument then is, do you take antibiotics? Vaccines? Chemo? Radiation? CPR? Bypass surgery? Other surgery? Try to save a premature baby? Why not just "live your natural lifespan" without any external intervention? There is nothing wrong with trying to extend one's life, people do it all the time and all of us benefit from it. This is just a different kind that may allow him to be cured of whatever disease he had in the future. If he died from cancer and someone in the future developed a cure for it, should it be denied to people alive then? What about him? What is the difference? |
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I like the idea of weighting by the volume on a particular exchange, however since you have the data, you could calculate it using your method and the just a simple average. It would be useful to see how much they diverge. If the idea is to have a price that is quoted, as the price of bitcoin, then the best option is to just do an average of averages.
For instance, if you have 10 different exchanges, you sample the price at each exchange on the hour, and average the price, having sliced the top and bottom prices from the sum.
This formula would be accurate enough to give info, but not too accurate to cause caching or logging issues. Anything more would be taken directly from the exchange being used to trade from.
If someone wanted to create a 30 day average price, they could from the figure created every hour, but for the rawest useful global number, I think this might work!
I thought about using a simple average, but didn't for two reasons: 1. The rate should be affected by the volume at each exchange. This makes it much less prone to manipulation and is a more accurate reading of where the trades are happening. 2. It provides a fluid transition mechanism for new exchanges to come on board without having to abruptly switch from one exchange to another. As their volume increases, so does their influence on the price and if one goes down, the rest carry the weight until its back up (if it comes back up). |
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Probably, but it also depends on when it ships Hello all,
It appears that my local area may be arranging a group buy for a KNC Jupiter, in the end each share will cost around $700. The person who is organizing it is planning to payout once a week, and take power costs off of the payment before sending it.
Would it make sense to you guys to be buying basically 35GH/s or more, probably up to 45GH/s for $700?
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There is also localbitcoins Where are you buying from ? I have been using Coinbase - but it takes so darn long to get the coins...
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Check out the "Ignore" button there - when it is highlighted it means a lot of people are ignoring someone. Many people are helpful around here. Whoa slow down there man... I was just asking a question trying to understand something. So I'll ask more questions and feel free to call me a dumbass [sic]. Nice to see this is how the newbie forum works...
How does more ASIC's equal scarcity of BTC decreases? The Bitcoin network adjusts difficulty dynamically... so the more ASIC's that enter the network the harder it becomes to discover a new block and be rewarded the 25 Bitcoins.
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That is a good idea. The Rolling Stones or Justin Beiber or ... I'ld love to see some sought after product or service be offered only with bitcoins. For instance, if there was some event that has sold out except for a block of tickets that can only be purchased with bitcoins -- that would cause many to enter their first bitcoin transaction. I opened a Question on Bitcoin StackExchange as a place to aggregate these exclusive to Bitcoiner deals: - http://bitcoin.stackexchange.com/questions/11546 |
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Very true and it has to be something that requires trivial setup. Most people here can do so, but many parents, aunts, kids, girl/boyfriends cannot. Mining is similar. My mother or grandmother could not set a computer up to mine unless it is download from a trusted source and double-click. We must always assume: -Governments are greedy to obtain more control and information, they collect much more info than necessary -Service providers cannot protect your privacy from governments -Both Governments and service providers leaks information about you without knowing it Conclusion: -Service providers must build platforms that are impossible to spy on -Consumers must only use services that are 100% secure The solution: -Open source platforms for communication so people can verify the security of the platform -Peer-2-peer solutions so no single government can take down the platform -Encrpytion used automatically in a way that not even the service provider can see or decrypt your messages, only you and the recipient can read the messages. One platform that works exactly in this way is BitMessage  NSA (National Stasi Agency) would not be able to spy on our communication if Skype, Gmail, Hotmail, Facebook were built in the same way as BitMessage. In a few years Im sure facebook will lose userbase to such services where you can communicate with your friends without being spied on by Zuckerberg or NSA. |
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Without something automatic built in to many clients, I worry about the volume too. ;-) In all likelihood there will be multiple standard sizes, eg 10, 1, .1, 01, 0.001, etc so you'll be able to mix the entire amount and the client will pick sizes so that you'll have everything well mixed. Of course. However I wonder whether there will really be enough volume with small sizes to make mixing worthwhile ... furthermore, it seems to me that smaller sizes will be eaten up by transaction fees. Well, we'll see - I'm looking forward to it anyway.  |
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I agree. Mixing coins is not just for hiding illegality. If I have 500 BTC at address A, and send 10 to B my hot wallet for my vacation (or to buy a Starbucks or some tequila) C will not be certain that I own A. With pattern analysis however C can become more confident that I do and then your net BTC worth becomes much more public and you become a target. Sure, you have a certain degree of anonymity if you are only buying online VPN services, but as soon as you purchase anything offline, you are tying one address and its chain of antecedents to you which drops your anonymity significantly. With a usage pattern available, it becomes more troublesome. If I were Satoshi and wished to remain anonymous, I would be holding my coins until they are p2p mixing services established and well used prior to moving coins or he would be outed quite quickly. (Non-p2p are okay, but logs are kept and you are relying on a third party to be honest and not monitored.) Cooperative unmixing is only really voluntary if the people participating in the unmixing are anonymous. Otherwise you have known and non-anonymous individuals facing the charge of obstructing a police investigation. Though I will grant that it has the possibility of delaying investigations through multiple jurisdictions, not unlike the Tor model. Tor however is always pretty clear that participants are expected to not maintain logs, for a reason. So the question is why do we want to move away from that model? You have to ask what is so different about finance verses information that we suddenly give up our resolve to allow people freedom.
No-one talks about co-operative unmasking for Tor operators "just in case" we want to trace a crime committed over Tor that the community can agree on.
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Guy is running from NSA. He would be better served to go totally off grid.
Exactly. He also said: Once you go on the network, I can identify your machine. You will never be safe whatever protections you put in place. |
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In all likelihood there will be multiple standard sizes, eg 10, 1, .1, 01, 0.001, etc so you'll be able to mix the entire amount and the client will pick sizes so that you'll have everything well mixed.
As far as cold storage, that would be mixed prior to moving it to your offline wallet too.
You make some great points and it is worth repeating that if Perrson A is buying a cup of coffee, A doesn't want anyone who sees the transaction to the coffe shop to tie everything to my previous purchases and savings by following transactions backwards and to know the total value of their holdings. Ditto if I buy software online or tequila in Tijuana. It makes one a target.
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I think one of the issues that most people have with this type of proposal is that once the camel's nose is under the tent, it is invariably abused.
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And by going to tenths, hundredths or thousandths (etc) of a satoshi, further granularity is possible if needed. I rarely use the word "moron," but this ridiculous argument about lost coins is one of my pet peeves. You guys arguing that we should somehow reclaim piles of coins are taking a wonderfully elegant and intuitive system and trying to turn it into an awkward game of coin twister or gotcha by making people move coins around pointlessly.
There is a very efficient and, above all, fair way to deal with lost coins - do nothing. If the coins are truly lost, the value of those lost coins is distributed throughout all remaining bitcoins by increasing their scarcity.
There is $1.15 trillion US dollars in circulation right now - that's $1,150,000,000,000.00, including cents. That means that Bitcoin could replace all the US dollars (and cents) in circulation at the same granularity with only 1.15 million BTC, or 10% of what's currently in circulation, or roughly 5% of all BTC that will be mined. If somehow 95% of bitcoins get lost AND it becomes as pervasive as the US dollar, then you have the right to resurrect this dead horse and beat it.
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Most online wallets are reasonably safe. That said, some sites have been hacked. Likewise the bitcoin client is safe, but you have to worry about getting a virus on your computer which varies by OS. If you are running the bitcoin qt client, then you'll get the long private key if that is what you were asking. Your plan in keeping only "spending money" online in hot storage while more in cold storage sounds smart. It would be virtually impossible to steal from your paper wallet without access to it or access to the computer when you were generating it. Hello Just thought I'd say hi. I have a little fiat currency coming in every month (just like the rest of you...) and am going to diversify to spread my risk and am now buying bitcoins. I have a few gold coins and a few kilos of silver coins for safety in "real life" now I want bitcoins too. I saw the Winklevoss brothers (the guys who really invented facebook) were buying bitcoins with their settlement money so I decided to give it a try for that reason also. They seem to think bitcoins are going up. Of course they probably bought theirs at 1$ or something. But as more and more fiat money gets put into bitcoins I think we will see higher prices during the next years. Someone in another forum I use has two thousand bitcoins. Not quite there at these current prices hehe. I'm going to use a few different wallets, one web wallet to recieve donations from my soon to be website and some paper wallets and one cold wallet on microSDHC card (if possible). But I was wondering, is Coinbase (web wallet) really safe? Of course that's my web wallet which will have very low amounts and as of yet has nothing in it, but how safe is the paper wallet function in Coinbase? Does anyone have any experience with it, good or bad experience? And can the funds be stolen from the blockchain while the bitcoins are stored in a paper wallet? This is confusing to me. EDIT: There is no password generated by Coinbase that goes with each adress, so there's just my password. Is there a way to get a password that looks similare to the adress, a long "seed" in coinbase? Thanks. |
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Welcome! and i'm new here  |
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Hello Hello and welcome to the forums.
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CentOS. Windows if it gets you mining faster than Linux. Guys can you list some of your faves and more Linux variations |
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Nicely written. One hopes that bitcoin becomes a tool to protect oneself. :-) Ultimately bitcoin will succeed because of the failures of those managing national currencies, of which Argentina's is currently in crisis.
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It sounds interesting. I would suggest posting in one of the other sections once you are able to do so. Beng in that buffer zone sounds advantageous. I have been a long term Bitcoin user and would consider myself a generally silent member going about my business without making too much noise.
If my username didn't give it away I am based in Cyprus and was lucky during the banking crisis that the majority of my funds are held in Bitcoin. During and since that time I have been going through many thought processes about starting my first Bitcoin venture. With all the regulation hitting the marketplace in the US, I have the unique opportunity of obtaining offices within the UN Buffer Zone here in Cyprus, the benefit of such a location is that it is not subject to the laws of the Cypriot government nor that of Turkey. Bars do not require a liquor license (as an example).
With such a large British and Russian community on the island I would target these groups additionally and provide a way for them to move money between countries and as a store of value. Naturally the biggest part would be to ensure they understand the possible fluctuations whilst Bitcoin is being held as a store of value.
The inner workings of the system to make it extremely easy for my customers to understand what protects their investments are already mapped out on paper. I have a strong past in web & system design to be fully capable of creating the systems required for such a venture.
I could easily accept the following ways to exchange from Fiat into Bitcoin;
Cash deposit at the main office within the UN Buffer Zone
SEPA Bank Transfers
International Bank Transfers
Gift Cards for online redemption to be sold around the island/world
To cash out anywhere in the world I would look to establish an international group of traders that could exchange cash in person or through local bank deposits/transfers (in the style of Localbitcoins.com/Western Union). Local depositors can exchange their holdings for cash in the office.
I also hold gold and silver bullion as I do not trust fiat (even more so since our banking crisis) and would look to implement this as an option for my clients.
Sorry for the ramblings just looking for some constructive feedback from fellow bitcoiners.
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That seems a bit low, but in the ballpark. Good luck and don't forget about the coins on deepbit. I switched to the bitminter pool you recomended. And it says my average per day should be about .0128
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