Bitcoin shows the world that governments are no longer needed when it comes to currency.
And that, my friends, is the beauty of Bitcoin.
Well, if governments are no longer needed then we need someone to pay policeman's salary, street cleanup and etc. Who will be doing those job if there is no government? There was a time, in the us at least, when there was private services for things like fire fighting...the fact that governments supply this service at high cost under monopoly conditions and accept payment only in paper does not intrinsically make the government useful or irreplaceable. |
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Are you sure it is a requirement to have a credit card? I imagine they intend to add a level III verification tier in the future, but not necessarily requiring credit card for level two.
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How many Bitcoins you will need to hold to be part of this new elite?
Only if we have more than about BTC70k at these prices, dear. so its still long way to go for weathy elite gentlemen  You have to put things in context. Back then, things were changing really fast. I remember these coin things that I made with my laptop and I thought were worthless actually had a non-zero value...it was surprising. Don't forget, early on, every body (not many) had more coins than they knew what to do with...because there was nothing to do with them...Gavin started giving them away in a recycling faucet...you request 5 BTC play with it...send it back when you're done...it was a trivial amount of bitcoin for the time... Going from a value of 0 to not 0 was a huge "% increase". It seemed every month the price went up...then every week...then every day...the effect on one's brain of this process was truly remarkable to experience...it was (for me) unbelievable...but I believe it now...Bitcoin is here to stay. |
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Or we could just have all addresses expire after a year.
We could rename Bitcoin to freecoin or something like that.
Exactly. Well said. http://freico.in/about/I call it theft coin...or digital pseudo-fiat  |
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Surely this is commonplace, no? I mean, if they get burned with a reversed transaction at some point, they scale back business until risk/benefit ratio changes...is there really no precedent for this with other institutions?
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Nice Kubrick reference on the title  That was Charles...and one of the reasons I became a student in the first place! That said, his lectures are great. I watched them all on double speed. (for reference http://www.imdb.com/title/tt0057012/) |
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Awesome I love these in-depth explanations! If there are any other good one's send me some PM's!
I think this is of general interest (and thus worth a reply rather than a PM): I consider PGP a requisite skill that any serious Bitcoiner should know (although Gliph is 10x easier, it's new, not open, and could require trust). Thus, I'd watch LECTURE 15 How to Use PGP for Secure Email Communications |
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Bitcoin Faucet...then I started mining the old fashion way...cpu...
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Hello All, I've got two new lectures up on udemy with the Bitcoin Education Project ( http://btcedproject.org): New Lectures from Dr. Brian Goss:
Lecture 17: GLIPH: Encrypted Instant Messaging and Bitcoin Payments
Lecture 38: Brian Goss: A Brief Look at the Digitization of Money: 1985-199, Part 2 |
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Last I checked, Glyph was closed source, so it is not secure and you cannot use it to replace PGP. The interface seems good for sending bitcoins to friends though.
Closed != insecure And yes, I rarely use PGP anymore...it was a PITA to begin with. |
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Wow that was fast...I'm a new seed (5 Mbit/s up)...
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Y'all gotta see Gliph. There's a web version and an android version in addition to the iOS version pictured below...But Gliph is about way more than sending bitcoins easily...ever send a secure text message? With Gliph you can, and it's free. It's basically replaced pgp amongst my important contacts. That looks good. I have mycellium right now only, but don't use it much. Mycellium? I had to google it (I'm not an android guy...yet...mycellium looks cool)....to me mycellium is something I write a prescription to treat |
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Y'all gotta see Gliph. There's a web version and an android version in addition to the iOS version pictured below...But Gliph is about way more than sending bitcoins easily...ever send a secure text message? With Gliph you can, and it's free. It's basically replaced pgp amongst my important contacts.   |
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Would you be interested in a startup kit from the Bitcoin Foundation? (Not that one exists, but maybe we should package a web site, forum, customizable logos, mail server, etc for use with a virtual server...this way localized foundations could assemble and organize quickly).
Yes this sounds like an excellent idea! I'll float the idea and see if it gains any traction. I'll ping Elizabeth as I think it's right up her alley. |
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Would you be interested in a startup kit from the Bitcoin Foundation? (Not that one exists, but maybe we should package a web site, forum, customizable logos, mail server, etc for use with a virtual server...this way localized foundations could assemble and organize quickly).
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If such a blacklisting scheme that worked were implemented, it would be used against us at best and would kill the value of Bitcoin at worst.
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<TinHat>
Kind of a far fetched extension of the OP's idea, but, perhaps the FBI waited as long as it could to bust DPR hoping to increase their take...perhaps the debt ceiling crisis forced their hand to take him now...maybe this is the contingency plan for a collapse of the US Dollar...owning 5% of all the Bitcoin isn't a bad position to be in at the start of a financial armageddon.
</TinHat>
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Turning off CPU mining from my laptops because it would take over a week just for one measely block of only ฿50.
 breaks my heart Lol. The pre-gpu days were pretty neat. We had so little clue about what was going on. But Satoshi's gentleman's agreement to keep away from gpu mining meant that ฿ got widely dispersed to lots of people. Having a wide user base increases the odds of getting sufficiently talented people sufficiently motivated to finish the work of getting the network off the ground. We are still not done yet. |
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Turning off CPU mining from my laptops because it would take over a week just for one measely block of only ฿50.
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