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Also still no answer as to why this 15% is sustainable, if BTCS&T's 7% was unsustainable and had to be reduced to 5%. If both strategies are the same, the 20%/week should've covered it fine.
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Patent describes a system that will still average out to average market rate over a long term, and will eat itself from transaction fees from frequent trading.
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Oh, also, if Bitcoin Savings & Trust was making 20%, why did they lower the interest in investments from 7% to 5%? Really want to see that patent  |
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What is the patent number?
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Ok, my favorite thought experiment thread is alive again! So, what does 3D printing mean for this idea? Could she make a space to live?
She(?) could provide digital storage for "illegal" items, such as weapons and copyrighted/trademarked objects. For a place to live, she can just hire someone to assemble server racks, or rent cloud storage. Not sure what kind of 3D printing products she could sell, but maybe she can run a service where she can optimize uploaded objects to reduce material use and increase engineering strength, based on previous objects submitted and user feedback? |
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shesthefirst.org replied with a "At the moment, we're happy with our current donations platforms. Thank you for thinking of us, and best of luck!" 1 down, 6 rejections to go |
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For some reason, I am fairly certain that this type of civil lawsuit does not require a decision by "a jury of [their] peers," and will be decided by judge(s) only.
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Elwar, I think your public roads speech was really overcomplicating things. Next time, just say that roads are government subsidizing of a specific type of transportation, which makes it impossible for other transportation types to compete. Government subsidy of highways is why trains and other type of public transportation that people in other countries get for cheap, can't compete, and why our public transportation is so expensive and sucks so much. Ask them if they prefer two hours in traffic that costs them gas, maintenance fees, and nerves, or an hour in a very comfy and fast train that costs them something like $15 round trip (as you can do in most of Europe). If you want to blame something for the destruction of our great rail and trolley system, highway subsidies is it.
A friend just got back from 6 months in Europe & was very clear that flying is a lot cheaper than trains. It also wouldn't surprise me if trains in Europe are heavily subsidized. So using trains as a competing example probably isn't the best idea. And finding a good example period is extremely difficult because almost all forms of transportation everywhere in the world are subsidized by the government. You may be right; I think the actual rails are subsidized and only the trains that run on them are privately owned, so maybe not a good example. As for being more expensive than flying, for long distance (5+ hour drive), maybe, but I remember a trip from Rome to Netuno Italy (about an hour) was ~$16 round trip, and from London to Cambridge (about two hours) was ~$30 round trip. Both trains were local, traveling at about 80 to 100mph, while here in east USA, our Acella Express (US version of high speed train) only has a top speed of about 120mph, and costs about three times as much, despite also being subsidized. I don't know what the situation is like in Japan, so even though they are also well known for their trains, I didn't bother bringing them up. |
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The following was sent to - shesthefirst.org
- cfy.org
- charitywater.org
- pencilsofpromise.org
- imentor.org
- goods4good.org
- letsfcancer.com
Subject: Bitcoin100: We want to give you $1,000 Hi! I represent a charity fundraising organization called Bitcoin100. We are a group of 100+ volunteers who are fans of the Bitcoin payment system, and believe that everyone can benefit from its adoption. This payment system allows people and organizations to send money instantly around the world as easily as sending e-mail, almost entirely for free (there may be small fees for withdrawing into local currencies, but they can be as low as 0.6%, compared to the high fees charged by PayPal, VISA/MasterCard, or international wire services). The reason we are so in love with this system is because its extremely low fees and ease of use will help empower charities to raise money globally, without paying high processing and transfer fees, and because it can help people in impoverished countries to send and receive money from overseas for almost no cost, even in areas that have no banks. For this to happen, though, there needs to be more awareness and acceptance of Bitcoin. Our group is not affiliated with any businesses, nor earns any money, and the premise of our group is simply that we have 100+ people pledging to make a donation of at least 1 Bitcoin each (so currently between $1,000 and $1,100 total) if a charity is willing to add a method of receiving Bitcoin donations to their site. This may be as easy as simply adding some text (receiving address) to your donation page. We will provide all the help in setting this up free of charge, and will gladly help with any issues you may have down the road. You will benefit from receiving a large donation right away, and from adding another way to accept donations from around the world. We hope to benefit by spreading awareness of Bitcoin, with the hope that increased awareness will increase its worldwide adoption and help others as well. If you'd like more information on Bitcoin, please check http://www.weusecoins.com/Please let me know whom we could contact in your organization to pursue this further. Thank you very much! -- Dmitry Murashik Bitcoin100 |
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Google, youtube, google maps, google earth, the whole android market and the list goes on and on.
I think that's enough power.
Mostly all smartphones use google maps as gps.
All of which are utterly replaceable by any random site. The android market is their thing and guess what it's the last straw and that's why they are defending it so zealously. Not true. Maps and Earth have big contracts with mapping and satellite providers. There is a high barrier to entry. There is also large brand recognition, and a lot of users and businesses use GMaps to store and share their data, so switching will be a pain (networking effects). Mapquest, Yahoo Maps, and Bing maps already exist, yet no one uses them. Same for Google's Gmail/Calendar/Docs/Contacts platforms. Google is pushing hard to have their Google Apps suite replace Microsoft's Exchange service in businesses. One you are locked into a suite like that, it's very very difficult to migrate all of your data and server configurations to something else. Aside from MS Exchange, which is very pricey and cumbersome, there aren't really any competing alternatives to the Google Apps suite (which is free for up to 10 users). I'll grant you the search engine though. There's whispers going around that most of Google's revenue comes from people clicking on things after searching for products, and more and more people are starting to search for products directly on Amazon.com's site instead. If enough people switch from Google to Amazon, and just use Google for non-shopping searches, that will very likely be a problem, though not one Google can't overcome. |
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How did you know what undergarments we wear?
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Elwar, I think your public roads speech was really overcomplicating things. Next time, just say that roads are government subsidizing of a specific type of transportation, which makes it impossible for other transportation types to compete. Government subsidy of highways is why trains and other type of public transportation that people in other countries get for cheap, can't compete, and why our public transportation is so expensive and sucks so much. Ask them if they prefer two hours in traffic that costs them gas, maintenance fees, and nerves, or an hour in a very comfy and fast train that costs them something like $15 round trip (as you can do in most of Europe). If you want to blame something for the destruction of our great rail and trolley system, highway subsidies is it.
Kjj, stop thinking of competition as competing equal alternatives, and start thinking about substitutes. This is an error that a lot of people make when they first think about this.
My teacher asked in our business class, "You run the Coca Cola company, and are worried about competition. What are some of the competing products you have to watch out for?" The students named Pepsi, Royal cola, generic, and every other brand of cola out there, but the teacher kept pressing for more. It wasn't until he suggested, "What about milk? Or orange juice?" that we understood what he was getting at.
One alternative to water piped to your house is your own personal water well system. The alternative to electric wires from the power company is your generators. Right now we are limited in what we can get (gas, solar, wind), in large part because alternatives can't compete well yet, but if the price of electric, water, or gas rises even a bit, competing ideas will take off. After that, there could be even more different services we haven't even imagined yet (your own personal water tank with water delivered by truck? Japan is developing personal, fully contained, nuclear reactors the size of a shipping container that can be buried, and provide power for a small neighborhood for 20+ years)
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I was thinking more bacteria than animal, and bacteria is just one step above virus.
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US court, US law, US Judge, US jury in a good old USA Company Vs Some Damned Foreign Company.
Apple and Google are both USA companies, so wtf? |
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Can we mine for pirates using pirate nonce's?
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I transfered some bitcoins from one address to another and as I pressed send blockchain.info said something to the effect of "we need your bitcoins for our mixer service, this may delay the transaction for 20 minutes but you will be rewarded with .67 bitcoins" I thought fair enough for 20 minutes and clicked yes.
That was over an hour ago now and I've received less than 20% of my coins to the destination address, has anyone else done this? getting a bit worried about the coins I just sent!
Due to mixing, blockchain.info completes your transfer in random chunks from random addresses, apparently whenever money becomes available. I've had my mixed transactions come in anywhere from a few minutes to over the course of many hours. Made me paranoid, too, but all came in eventually. |
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