There is a good portion of the people in here that think the price of Bitcoin is pure speculation. I'd like to remind these people that the "ideological teenagers" the FatWallet guy is referring to are long term adopters of Bitcoin, and that among the new adopters there are also long term investors. So when the day traders decide the exit the market, these people will be there to buy them out. Will the price go down then? Yes. Will it the announced catastrophe take place? I don't think so. But that's just my opinion. but BTC has quite literally nothing behind it other than the goodwill of the people "believing" in it. So you'll take the goodwill of the government over the goodwill of traders and merchants? |
|
|
|
What happens if/when all conversions from BTC to USD are made illegal? If the mainstream can't do it easily, it will never catch on. And the US will likely ensure that the mainstream can't do it easily.
I think the legal implications and the infringement of the constitution such ruling could cause would evolve into such a long legal spiral that by the time the gov can bring in a strong enough case to outlaw Bitcoins, it will have taken over the USA already. |
|
|
|
They do. There's a very old and very efficient business model about that. Just ask, in a very polite way, people to give you all of their money. It generally doesn't work except if you have a gun in your hand at the same time. It's very efficient because you can re-use the gun as many time as you want. I've seen it work with hot women and miserable looking toothless old men =O Unfortunately, this was a so easy business model that most government made it illegal. Damn government, they are really abusing their power. We should be allowed to conduct any business we want between consenting adults.
The only made it illegal to get rid of the competition!! Also, Sarah Connor anyone? |
|
|
|
So this means that if a pool or several colluding pools manages to get the majority of the mining power for long enough, it/they could mess with the block chain at will?
This gives a huge power to a very small number of persons.
Yes, that is true. There has been a few discussions going on about the size of Tycho's pool regarding this topic. |
|
|
|
Hey guys, We're kicking off the www.BitCoin.co.za for South African BTC users. SA has some challenges in getting BTC up and running, specifically currency controls. But we hope to raise a community that can help us overcome these challenges. Anyone from anywhere else is welcome to drop their 2 bitcents on how BTC can begin to be used in a new region. Or just Troll, there is no activity at the moment so even trolls are welcome  So far Bitcoin is primarily a store of value, and to function smoothly in that regard it needs a proper market place. I don't know if SA uses USD. If you guys do, then anyone in SA can start with Bitcoins in a matter of minutes. If not, you should consider setting that up. Anything that is vendor related is mainly a matter of figuring out where the local legislation stands, mainly with revenue reporting and the like, problem which, most likely, can only be discussed with locals. |
|
|
|
|
Bitcoin doesn't discriminate against any ethnicity so I don't quite see what else needs to be done. The need to promote arises from existing discriminations. Bitcoin inflicts none so it has no responsibility to promote anything.
I can't fathom how Bitcoin is to promote ethnic diversity anyways, besides providing some translation on the wiki. Unless you're suggesting your BTC should be served with couscous stuffed in a vuvuzela held by a Buddha statue drifting on the Rio Grande?
|
|
|
|
NEVER HAVE YOUR ETHERNET CABLE PLUGGED INTO YOUR COMPUTER
How are you supposed to download the block chain and use your coins without an internet connection? I think so far the safest approach is the use of a savings account to most of your coins in a wallet you just access like once a year and even. Limits the possibility of exposure to wallet leaks by a lot. Of course it is also recommended to have a pen drive with a Linux live cd distro on it and the Bitcoin client installed. I wonder if an angry firewall blocking all outgoing communications but the Bitcoin port would help. |
|
|
|
I'd say we need this fucking list. I'll start:
1. Anyone can use and understand bitcoin. It's as simple as you want it to be.
This guy isn't complaining about the ease of use but the usefulness altogether. He doesn't want to know if he can use Bitcoins, he wants to know why he should be using it. |
|
|
|
This bank serves a very important purpose, and the power it has to regulate the dollar has saved our asses before. You can't understand the benefits of Bitcoins if you think the Fed is a useful government agency. I think the best way to for you to figure out whether you like this concept or not is to research the arguments against the Fed and its policies. If you can conclude from that search that a decentralized, deflationary currency is superior to the dollar as it stands, then you'll embrace Bitcoin. That's completely wrong. You can appreciate the endless list of things Bitcoin has to offer without having any opinion whatsoever about politics. You'll want to reread my post. My point isn't you have to know about the Fed misdeeds to like Bitcoin, my point is this guy HAS an opinion about the Fed already. That's why directing him to dig on that one will let him see for himself whether he wants Bitcoins or not, considering the rest of his post shows he doesn't understand the major advantages of Bitcoin has over fiat. I agree the list is long, but what about we start by the items at the very top hmm? |
|
|
|
|
Hookers and blow, anyone?
|
|
|
|
This bank serves a very important purpose, and the power it has to regulate the dollar has saved our asses before. You can't understand the benefits of Bitcoins if you think the Fed is a useful government agency. I think the best way to for you to figure out whether you like this concept or not is to research the arguments against the Fed and its policies. If you can conclude from that search that a decentralized, deflationary currency is superior to the dollar as it stands, then you'll embrace Bitcoin. |
|
|
|
|
Quel bordel la legislation Francaise...
Meme si tu arrive a te débarraser de la TVA, il me semble qu'il reste un impot à hauteur de 27% sur tes bénéfices. Ca aide pas à vendre au spot tout ca...
|
|
|
|
|
Got that dummy plugged on the slave card yet?
|
|
|
|
Printed Forbes article came out today.
Been out forever. The paper version? |
|
|
|
what's driving this? Printed Forbes article came out today. |
|
|
|
If it wasn't for the attack on Gox we would have stayed at +$4 for the previous week
Thank god they have made enough money by now to mitigate the DDOS attacks. Those things aren't cheap. I unfortunately imagine that DDOS attacks will become one of the massive barriers to entry of any bitcoin service provider. Indeed a huge pain in the ass. I wonder if Bitcoin will manage to get huge without some sort of p2p exchange |
|
|
|
|
If it wasn't for the attack on Gox we would have stayed at +$4 for the previous week
|
|
|
|
|
Show Posts
