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Bitcoin will have no problem scaling. Sure, the supernodes may end up being run by VISA, WesternUnion, AliPay, etc., but they won't have governmental monopoly and will compete on an even playing field without TBTF bailouts. The Paracoin idea seems similar to the idea of creating a new crypto that allows legacy transfers from Bitcoin at a 1:1 ratio. The legacy coins would always be supported by the backbone supernodes and exchanges, but would dwindle at the consumer level as the new crypto takes hold. There has been discussion about that contingency, but no real urgency to pursue it. Again, Bitcoin will have no problem scaling to VISA levels.
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There are some large sums moving around from time-to-time suggesting this is someone playing around. Enjoy the cheap coins.
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Half-life would refer to the time in which a value drops by half. It does not address something disappearing entirely. Your use of the term has no relavence to Bitcoin. In fact, losing half of the Bitcoins or even 99.9% can be a good thing because it makes the rest of the Bitcoins more valuable and hence more desirable to work for and acquire.
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What's the transaction ID?
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We'll pass that $266 mark as fast as we passed the $32 mark in the fulness of time.
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It's not a stupid idea. Give it time and promote it. You may try dedicating a section of the page for charity.
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Not even one joke about the taint. How this forum has changed. It is indeed the difference between immoral and illegal, depending on where you live. XD
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Dustin Hoffman: One Word: Bitcoins
It's the future.  Don't forget the two episodes of "The Good Wife" that featured Bitcoin. |
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This belongs in the press section.
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They offer a demo account to try-before-you-buy with no risk.
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So you accomplish three goals; making simple exchanges at current value the "cheapest fee trades", and you make wildly out of range bids or asks that may stampede the market in either direction costly to place the further they go, you keep bids and asks within a given "basis-centric" range and ladder, while you still preserve "support level" bids.
The way I see it is as an automatic mathematically derived dampening mechanism that (profitably for the exchanges and us all) simply impedes upwards bubbles, and large gulfs in ongoing median trading prices, by tweaking, rather than breaking the laws of (monetary) supply and demand.
A reasonable measure of exchange self-regulation will go a long ways. I had only thought to calculate the ongoing median price as a guide, but if the exchanges themselves take the initiative, then perhaps a client driven algo would not be necessary. I like this suggestion. Perhaps it is only needed in these early days. It is likely that many exotic exchange mechanisms will evolve, but for now we need to keep the child alive long enough to find its own way. |
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Unless there is another hype cycle, it looks like it will go below 100 this week.
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Advice: 5¢, though I'm told I overcharge.
Testing sports cars, I prefer Italian.
Take care of wives while husbands are away, I also prefer Italian.
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4th is perfect for me.
I'll be there and try to bring some friends!
its official, it will be the 4th of may! May the 4th be with you! |
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Between living and dying!! I'll tell you this: in any fight, its the guy who's willing to die, who's gonna win that dollar ...and I know, if im gonna have any life anymore...Its because I'm still willing to fight and die for that dollar ...because, thats what living is!
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There's really no way to get around regulation here unless you have cash delivered by mail or courier. Having said that, maybe what we need instead is a Bitcoin based courier system. In the US, they are shutting down the Postal Service in many areas and there will be a need for a new private delivery system anyway. There have been discussions about this. There are ways to mitigate trust in courier systems using escrow. Bitcoin has a unique advantage there.
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 My modest technical analysis leads me to conclude with at least 95% certainty that bitcoin will have risen by about $400,000.00 by tomorrow afternoon. An excellent compilation of the cumulative recent TA. The $400,000.00 is of course, an approximation plus or minus 1 to 99.999%. |
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Just need one legitimate forex provider to start trading BTC and all of the other exchanges currencies can go away.
FTFY  |
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This could be the Tahrir Square moment for Bitcoin.
edit: probably not the best analogy, nobody has died for lack of Bitcoins.
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Even gold and silver can be manipulated into huge bubbles. Bitcoin may or may not be able to be leveraged via passthrus or derivatives, but there will always be attempts to create fraudulent investment vehicles that undermine faith in Bitcoin as a store of value. Currently I believe that exchanges may be doing this now. I want to believe that large numbers are enough to peg Bitcoin's value to the general commodities indexes. It's just that Bitcoin isn't a commodity. Perhaps Bitcoin can become bigger than gold, but because it isn't physical, it may never be trusted enough to get there. It just seems that there is more we can do to make it better than gold. From: http://en.wikipedia.org/wiki/Silver_Thursday |
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