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I sold 200 MSC at .15 BTC a few days ago. Can we have a system in place to give feedback to buyers and sellers? This way people know who the reliable sellers are.
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Stuxnet used a Windows USB stick 0day to propagate. So it is not unheard of.
Maybe a written CD is easier if it is fully written and has no more space to write? Or a USB stick with a read-only switch?
Write protect switches are advisory. Many many years ago, some models of enterprise SCSI drives had write jumpers that physically disconnected power to the write/erase head. Everything else should be taken to mean "please don't write on me". Much safer is to use something like QR or a barcode, either on paper, or on a screen. If using QR, care should be taken that you don't ever read them with clever software. I use a scanner that simulates keystrokes. What software do you use to produce the QR code and what scanner do you use? |
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Stuxnet used a Windows USB stick 0day to propagate. So it is not unheard of.
Maybe a written CD is easier if it is fully written and has no more space to write? Or a USB stick with a read-only switch?
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If you're doing cold storage and think that somehow involves Bitcoin-Qt you're doing something very wrong.
Use Armory for cold storage.
What's wrong with QT? It has been audited to an extreme. Armory is great with the paper wallets but putting a wallet.dat into cold storage should be ok. |
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Please remove my current sell orders and add this one: I will sell 250 at .15. Please lots of 50 and up, thanks.
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There are already a couple of exchanges established in India, i've been in touch and already been investigating potential there. The regulation is a hell hole which is the main hurdle that is why you didn't see any major exchange pop up. I believe recently some news came out that the government regulators are freaking out about bitcoin, just study the Gold climate there and you'll realize how hard the government makes it there for regular people to import and profit from gold.
and with bitstamp & BTC-e around it's easy enough for them to just trade there. Indians speak and read english so they don't need dedicated Indian websites. Also rupees are constantly depreciating so going to USD is also a plus for them.
Yea from what I can tell after being here for a month, the regulation would just mess everything up. The people are friend and smart but as usual the governments are screwing everyone. I was on first class in a train and an educated looking woman was sitting across from me, she had some ID cards and stuff showing she worked for the reserve bank and had a copy of the FT. I should have struck up a conversation about BTC but I was not feeling in the mood at the time. Maybe at the conf there will be some representatives. I had problems here because there is a 10,000 rupee limit on the ATM per day. That is a lot of money in India and I certainly don't spend that much on a routine basis but I needed 30k rupee for renting a house by the beach. It took 3 days to get it out! Then the ATMs give 500 INR notes which are pretty big, and most places won't have change. So I had to learn how to carry stacks of 500s, 100s, 50s, 20s, 10s, and maybe a few 5s. Really a pain and it took me awhile to get everything sorted out as I am used to using plastic in the US - and of course everyone in the US can almost always make change for anything other than the largest bills. So I was thinking how useful BTC would be just from that basis. Not to mention the fact that the rupee's exchange rate just happens to be falling apart. At the airports there are signs saying gold imports are limited. If you check Google News you can see people getting arrested for bringing it in and not declaring it. I've read that the rate is about $80-$120 more per ounce in India. So you would think BTC is perfect for them but it is a problem of education. Also if I were to sell BTC why would I really want the rupees? So I can see BTC commanding a premium in India - bifurcated exchange rates due to capital controls? |
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I am visiting India for 6 months - just got here a month ago - I agree India and bitcoin will go well together. Would be nice to get a business going here but I hear the laws are very difficult.
The problem is selling bitcoins - why would I want rupees? Other than living expenses...
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If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
How much silver would have to be purchased to start the short squeeze going? Any good calcs on that? less and less all the time, industry utilizes a goodly amount in processes that render it pretty much unrecoverable above ground stocks have been dwindling for years as I understand it Cool. So in the range of hundreds of millions of dollars worth, or billions, or ten of billions? |
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So people say that Jefferson never said that, is there any sort of source or anything? Not that I disagree with him if he did, but still.
Good quotes summarize an obvious truth well. Who cares whether or not Jefferson said it, is the quote any less relevant or truthful if Jefferson stated it or if someone else came up with it? Jefferson is known to have been very distrustful of a banking establishment, so its not misrepresenting him. The quote apparently first appeared in congressional records in the 1930s which still shows significant foresight. One of the great ironies of history: Jackson on the $20. |
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If someone would take the effort to call the worldwide silver bluff, he will not take fiat.
How much silver would have to be purchased to start the short squeeze going? Any good calcs on that? |
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It never was really zero, even with only satoshi and gavin on the network it still was worth a minute amount to them because they kept spending electricity to generate them.
Millibits are fractions, and that is moronic, and only a hardline Bitcoiner can think otherwise, ask anybody else if they want to use milli, micro, nano or femto-somthings. But that's beside the point, the point is if you create a unit of measure you would want it as close to real world applications as possible. And as it turns out that Bitcoin was made to work for a small community of enthusiasts for self-reliance. What actually happened a broad public came to use it and the way they have adopted it it makes them even more dependent.
This is also in tune with the software architecture of the main client.
My signature is just my way of making fun of the ridiculous notion that bitcoin would ever be a threat to the status quo.
I think those who ran the client in 2009 did not even consider the cost of running it. If anything the cost was measured in a slightly slower computer, a warmer room, or more likely a louder fan. So it was running at a loss. I don't think you can really say it was never zero or less than zero. Nobody would have bought those coins. Many transactions were sent around the network just for fun to test the client. Back then there was a send to IP feature (now removed due to MITM attacks) and it was cool to just experiment with it. Have you read Konrad Graf's work "On the origins of Bitcoin"? We don't know the final price range so it is not going to be easy to determine what unit of measure to use right now. But many countries operated in the million denomination range for small purchases (e.g. Turkey ~10 years back, then they dropped a bunch of zeros). Doesn't that also seem silly? But people can use it and adjust. Why be so concerned about the introduction of a decimal point? "Ask anybody else if they want to use hundreds, thousands, millions, billions, trillions." What's the difference between that and milli, micro, nano... sure the problem is that they have not been used before in money denominations so it seems strange to people. But people will just call them millies or whatever and not even think about the fact that the name is a derivative specifying a fraction of a bitcoin. We are deflationary so we are moving in the opposite direction. Even with gold an ounce is a lot. So people sometimes talk about grams to specify tiny amounts. It is strange because they are using two different measurement systems when jumping from one to the other. But it is useful so they do it. |
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The number of 10-millionaires is still small, but this (the economically free people, no matter how many million) is the class that can have considerable impact if they just
If they just what? Tell us.  |
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Distribution figures here. At $1100 per bitcoin, there is between 1000-1200 people whose bitcoin stash is valued at $1 million or more. I think the emergence of a new bitcoin Jet Set class will have a great positive impact on bitcoin's price going forward. What do you think? It would be nice to see how the millionaires are broken down, e.g. $1m+, $2m+, $3m+. |
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i had a dream last night that bitcoins were actually backed by crayfish tails. i had left a huge pot of them outside for a couple days after a party and they all got spoiled, so i had to throw all those tails away. i was devastated. i was so mad at myself for getting into a currency backed by crawfish tails. thats when i woke up with a sigh of relief. true story.
hahhaha, that's awesome. |
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Let's keep the party at $1000 and do another one when it hits $2000.  |
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I bet nanobucks wins just because it doesn't make sense.
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Just sold 200 @ .15. Please remove from the order book.
I plan to sell 250 @ .16. Please add this to the order book.
Edit: I would like to sell the 250 in lots of at least 50 MSC. Thanks. Escrow only.
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Yea, because a cryptocurrency starting from scratch at $0 can get to billions in valuation any other way? Billions of dollars isn't the goal. It would be moronic to have 21mil units and have to rely on subunits for anything on purpose. Besides any unbounded function eventually reaches infinity. Oh and no exponent can rise zero to anything other than zero 0*x^2^2 is still zero. haha, right, it is not going to follow exponential growth forever, and going from $0 to $.01 per 5000 BTC or whatever was a special event in and of itself. But why is it moronic to have 21mil units? We will be transacting in millibits by then. Regarding your signature, do you really believe making bitcoin illegal would stop it? It would be to be made illegal in dozens of countries at least. How quickly do you think this needs to be done to avoid catastrophe? |
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