Any one that thinks 'inflation' is a good idea ... no matter how small .. is a high treasonous traitor to their race.
Why simple:
- person X goes to work -> 40 hours per week
- person X's skills/labor/etc are worth ... oh .. say $5 (I'm using Fiat as it is inflationary based) / hour ...
- person X can pay for housing and food for himself and his family with this amount
- inflation raises prices 5% because some Parasite decided to print UNENDING amounts of MONEY (inflation) devaluing it more
- person X -> working the same time and effort can no longer afford housing and food for himself and his family because the costs went up to do inflation.
- person X watches him family be HOMELESS or STAVE to death now.
- inflation just murdered his family .. because his labor/skill no longer have VALUE because YOUR inflation just took it away.
and you wanted it intentionally ... this is what central bankers want and it's why you and them are evil ...
inflation steals labor, work and the RIGHT to make a living ... unconstitutional high treason -> only one penalty by common law rule for this crime.
While I roughly agree with the sentiment, it's worth noting that killing people won't be nearly as effective as disengaging from the fraudulent system and using our own solution. |
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everyone is 9259.4 kilometers away  is this U.S only? it would be nice to be able to check the order book without adding an email address  It would, but if people think "ah, no one, won't bother" then it won't get started, so I can see requiring an email and zip to look. I can see that as a good idea but I can also see the opposite as true "can't see any orders, won't bother" Maybe there should be a faq explaining the nuances of the system because you can see the order book if you just enter a postcode. you are told "Email can't be blank" but it also opens the order book with that postcode .... Yeah. It will be annoying if people put in valid zips and invalid emails. |
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I don't think either of us think it is an implementation issue. The difficulty is to come up with a distributed p2p algorithm that can allow some self-regulating elasticity in the money supply. Nobody wants it because a good one has not been thought of.
I know of a good one. It was implemented and thousands of people value it. Others have been thought of, none that anyone expects other people to value in the future or else they would be making them now. I fully admit that something else could catch on, but it's not going to be one where value is dissipated.
Bitcoin is threatened by a bubble at the moment. Prices (USD/BTC) are rising because it is perceived as a scarce resource that might have value in the future. As soon as the underlying perception changes it will go the other direction just as fast because there is little underlying real economy to stabilize it.
It's true that if people decide they don't want coins then the price will be low. Why do you think people are going to change their minds? Why do you say "perceived as a scare resource"? Do you think it is not? |
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What's cool about having your savings account on a CD-R in a safety deposit box at the bank is that you can STILL send bitcoins to that wallet! When you go to the bank and get your CD-R and set the wallet up again, all your bitcoins that you sent to that wallet will magically appear. If I ever have lots of bitcoins, that's what I'll do  this strategy intrigues me the most. what you're basically saying is that if i have a million btc in my wallet today i could send 999,999 of them to one of my receiving addresses right now but before i receive them i can close the btc client, disconnect my computer from the internet, back up my wallet.dat and encrypt it, go and stick multiple copies of it everywhere,but the bottom line is that all 999,999 btc will be stored in the block chain out on the network ready and waiting for me to download them to my wallet.dat when i want to recover them in 10 yrs or so. is that about right? yes or no answers please. Yep. Get 1M coins. Get another computer. Load Bitcoin on it. Do not connect to internet. Do not download blocks. Write down an address from this wallet. Encrypt wallet. Delete original. Send coins to the address. Wait..... Unencrypt. Spend. |
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I'm going to vacuum seal it with discreet packaging, professional look, and ship it through usps who needs a search warrant to check contents of packages. If thats what you were inquiring Cool. I predict your success. |
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Are you going to pack it so that it can make it through the illegal places to get to my legal lungs?
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AFAICT, the only way to keep up with demand that's self-regulating is to throw out difficulty adjustment and have blocks be solved faster as more nodes are working (thus faster money creation as more nodes participate).
34.x% is not enough in the 3rd year. It might need to be 300 or 400% to keep up with demand as it takes off, maybe more.
It's a good concept but needs to be refined, into something self regulating and sustaining.
Both of these are easy to implement. If you don't code someone will probably do it for you for 10-20BTC. They don't exist because no one wants them. |
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With coinpal being shut down has anyone noticed an increase in account suspensions of people who bought or sold bitcoins using the service ? Would it not be easy for paypal to know who the customers are and then mass ban anyone who traded for bitcoins?  For what purpose? Making sure they use BTC only and demand BTC services and shops? k, thx PP. |
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everyone is 9259.4 kilometers away is this U.S only? it would be nice to be able to check the order book without adding an email address It would, but if people think "ah, no one, won't bother" then it won't get started, so I can see requiring an email and zip to look. |
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Just for clarification: Do you just get 30 secs of radio time or do you get the host of the radio show to read a script? I'd suggest cutting up the audio track from the video at http://www.weusecoins.com/ into 30 second pieces and rotate them. first 30 seconds: advantages of bitcoin (targeted at consumers) 01:15 to 01:45 : targeted at merchands I guess one'd have to check with the guys who made the video but I don't think they would say no to this. I bet you could get some good stuff from there to adapt to radio. You should definitely talk to JustMoon though, he's got a budget for this kind of stuff. If you have the option I think you can do better than having Mark read a script. Maybe whoever did the voice on the weusecoins video would do it. |
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Here's a quiz:
Are you a nosy controlling asshole?
If yes: You are political
If no: Congrats
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It is certainly possible, considering the obscene jump in price recently. Lack of volume today suggests that there will be a correction to the short-term uptrend. Just my opinion. Luckily, the long-term fundamentals seem very sound, so I will certainly be looking to stock up at a lower price.
Or it could mean that mtgox.com was down most of the day. |
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Just broke 100000 100288 Posts in 6531 Topics by 8534 Members How long until the million? I guess early 2012. I'd like to see the log chart of posts. |
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Leave a copy with your will at your lawyers office That makes about as much sense as leaving a billion dollars cash with a lawyer. Sheeesh, of all the people to trust, why not just let a congressman hold onto it. |
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Damn, I bought one. Paid a lot more than 10BTC (just saw ipod not ipad). Hope I get it.
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Hello everyone - I'd like to announce that I will gladly accept either checks in exchange for bitcoins or bitcoins in exchange for checks. Essentially, anyone that would like to mail me a check in exchange for bitcoins may do so, and provide an email address along with the check. When the check clears to my account, I will put the money into Mt. Gox or otherwise purchase as many bitcoins as I can at market value and query the email address for a bitcoin address. There is a transaction fee of 2% with this method. (IE I buy 100 bitcoins, I would keep 2 of them as a fee) For anyone that would like to receive a check for bitcoins (or mtgox USD), they may transfer them to an address I would provide. As soon as they confirm, I'll sell them and write off a check for however much they sold for -2%, and would mail it off the next day. Anyone interested should PM me to get the ball rolling That's great. You might want to give people the option to get MtGox USD from you so they can buy for themselves. Some people don't know you can transfer easily. https://mtgox.com/users/sendMoney |
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Cool. Thanks and good luck.
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Bitcoin is not democratic. It is voluntary.
Agreed. Democracy is the enemy of liberty. Yeah. Democracy has been bastardized to mean Authoratize come and make you pick someone to hire more bureaucracy with your own money to tyrannize you for a few years until you get to pick again and a new asshole can add to the bureaucracy. Democracy ought mean that people determine what is right for themselves, but since it doesn't anymore, fuck democracy. |
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That's right, there is no guarantee that a coin will be worth any particular number of dollars. The price floats according to what people are willing to pay, just like Australian dollars or the Euro or silver prices float against the dollar. The reason people pay for them is that they are easy to transfer, durable, and scarce.
If I were you I would start accepting Bitcoins as payment and offer the people you need to pay a small bonus (5%?) as an incentive to investigate. For anyone who doesn't want to you just sell some coins to pay them. Maybethe number of people buying from you and selling from you in coins will be roughly equal anyway.
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Merchants don't have to ride the coin at all. Make the sale, get the coins, sell the coins at the market rate. This can be automated easily. Ta-da you just used bitcoin as a payment method for whatever currency you want to hold. Now you don't have to worry about your currency increasing in value while you sleep.
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