It could become something.. but there's an offer of 2.5 BTB for 2 BTC atm.. after what a day..

I think the absurdity has turned through several levels of irony.

I'll give you 3 Cuils for 1 bitbar right now..

Is bitbar not just a gimmick, playing on the idea of a gold-bar rather than a gold-coin?

Saying shit doesn't make it true.

ps. Each character in this message is worth 1BTC. If you value it, send BTCs to me and you can keep the message for yourself!: 1CBxm54Ah5hiYxiUtD7JGYRXykT5Z6ZuMc

Indeed.. but I'm less cynical about people widely understanding the need for their Government to receive some taxes. It would perhaps require a change in thinking and perhaps that's too big a step just yet - for us to trust people widely.

There are often suggested two limiting cases; extremes, one where the Government isn't interested and conspiratorial and then one where the People are absolutely set against the Government but in reality there plenty of room for finding something that is realistic and can provide a happy medium.

If merchants were obliged to use UK-Coin for transactions, for example, perhaps the majority would do. There are always and have always been ways of avoiding taxes but on the whole it seems we have developed a society that understand that Government does have a useful role to play.

Personally, I think Government does too much atm that society more widely could do better for itself but there will always be a need for the representation that is Government and considering the limiting cases of where everyone uses cryptocurrency, I wonder what that suggests for providing resources to Government. Expecting people to donate to Government isn't realistic.. half the reason we have representation, is that it's easier for someone else to action our interests.

Perhaps the future of tax might be simply based on income tax and voluntary payments but I doubt that it could be that simple just yet.

It was ~40 mins total. I was watching blockchain.info and local wallet, no difference between them.

> There's a block every 10 minutes on average, but if you're unlucky you won't get that
That's the bit I'm unclear on.. I don't understand exactly how that is determined relative to the network. I've read that the older chain become accepted but what does that mean for propagation and confirmations.

Is there a limit on how many transactions each miner accepts in each block? If the world was using BTC, would the part of the network less busy risk stalling and being unlucky on multiple occasions?.. I'm thinking not because it seems to be a matter of some luck which block=[set of transactions] gets accepted.. and the longer you wait, perhaps the more widely broadcast the transaction becomes.. maybe even minor prefering older transaction requests first??.. but I'm guessing and it does seem the developers are well ahead of the users.

This was an hour ago.. took 40 mins to get six confirmations.. but that was waiting 20mins to get one. Even with green address then I wonder how practical that is.

Having seen what happened to TRC a couple of weeks back, I wonder whether BTC can become starved of oxygen too.

Perhaps it is inevitable that there will be fluxes in all factors while BTC and other find their feet. However, it would be good to know that we are confident that there won't be a problem; or otherwise at least that we have some sense of where the limits lie. Perhaps if we understand the potential issues, we can be more prepared with flexibility and additional capacity even.

I just wondered that if there was a coin that was VAT-Coin, a government might rather like that.
That is a coin for commercial transactions that takes VAT tax off each transaction.. 20% for the UK, for example.

Just a thought..

That perhaps would require .gov are sole miners and I don't know, if there's a way to restrict who is a miner.



(# Posting here in BTC-dev rather than Alt-TC because 'Note that discussion of how these currencies *relate to* Bitcoin may fit in other categories.')

Are we confident yet that BTC can scale to handle large volumes of transactions?
Can each block and each miner accept enough transactions that the market doesn't stall?

I'm seeing really slow transactions.. 20mins for the 1st and 30mins for the 2nd then upto an hour for the 6th. It's still magic but cf real world I wonder how practical that is.
Perhaps I'm wrong to have set transaction fee as 0.005BTC but then the promise is "Low or zero processing fees" and miners are making their money already.

Should all transactions be 0.01BTC and if that's the case now are we heading for WU rates in the future!.. or will miners be able to accept more transactions into each block and the fees perhaps will stay low.


On that thought, can any of the Alt-TC maintain an advantage by having faster confirmations.. or will they face the same issues later?

CNqJCepbHudbadsuPSYD9W5KSDKbRibXan thanks

It might help BTC, if speculators are spread thinner. BTC still gets all the media and it's first port of call for noobs. It's still hard to buy most Alt-TC without going through BTC.

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Ignorance is a flavour of stupidity. Being clever is a mix of knowledge; intellect; and wisdom.

If everything goes to plan, then you might expect more volume even if Alt-TC find their own forums; this one then will still see talk of those - larger and faster than now.

I'm never convinced by the line that people are stupid and we must patronise them.

Perhaps the BTC price would be higher and life would be simpler without Alt-TC but then I think there's room enough for all.

Also, the inverse might be true.. BTC might not be the perfect answer. Certainly Bitcoin-original is a sound foundation but there are issues of scale to be resolved. Whether real world issues are solved by new services on top BTC or something spawned from other coins, remains to be seen. I know for instance FTC is lot more friendly for the confirmation time but then the blockchain size issue arises for all.

and then there is a question about the wisdom of having one solution as if that is the one true answer. Alt-TC are useful, if only to confirm BTC is the one to use. It's just helpful to be able to see the talk about Alt-TC without the clutter of chatter re mining and buy/sell offers.

Oh!.. I didn't realise it was so strongly Bitcoin(tm) focus and not Bitcoin as a concept.

Why is there a [Alternate cryptocurrencies] then, if what you suggest is correct?

Just my 2s

That forum getting very busy and perhaps splitting a subforum for mining might help; perhaps also one for buy/sell offer threads.

A couple of bits of trivial I've noticed..

bter.com works well but its withdraw does seem to keep a lot of dust.. certainly anything beyond 0.00###### though for me it was a #.80### withdrawal; so, might even be only allowing to the first decimal point!.. which is a bit cheeky but then no more painful than a higher transaction fee.

Then without knowing the RPCport I'm getting upto 16 connections rather than the normal 8; I don't know, if that can happen without port forwarding and take it to be by design which maybe is a good idea.


Do we know what the RPCport forward is for CNC?


Also - !fast confirmations.. love them.

There's a large opening right now for a big provider to allow people to buy and use Bitcoins - and other crytocurrency for that matter.

If the Government had any sense, it would encourage cryptocurrency as a real better alternative to its own printing money.

Western Union could become the mtgox of the real world Bitcoin use, if it moves fast. Damn site better change of being useful that Ripple as it's got real world interaction to leverage.

Even charging a small fee for helping people do what they could do for free, they could make a fortune.

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Thanks

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Thanks

Have you got your freak on yet?

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Thanks!