Why on Earth would you possibly think this?
It was a joke, to help people to think about this laterally. As bitcoin2cash pointed out, there are economic advantages to mining at the generator. Um, yeah maybe, but that would be a reason for the power plant to be the only bitcoin generator (outside of 'fun' generation), not a reason to use all the power on generating. Diminishing marginal returns... |
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how does one create a 2nd wallet for spending?
If you move wallet.dat out of it's folder a new empty wallet is created automatically. |
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Hi, Iīm new here. IMHO the difference between Esperanto and Bitcoins is the usefulness. You canīt buy stuff anonymously by Esperanto, or hide money, or speculate, etc. Bitcoins are usefull to some people, while Esperanto is pure idealism.
Welcome. Bitcoin and Esperanto both get their usefulness from the fact that other people use them. The reason I think Bitcoin will take off and Esperanto didn't is that you can get into Bitcoin for a little bit of money and maybe waiting a few days at worst. Learning a language takes a lot more effort and the vast majority can't be bothered. So it doesn't get critical mass and is just for idealists. Bitcoin started with idealists for sure, but it's so easy for others to give it a shot. And they can do it to whatever degree they want and still get some value. Learning 1% of Esperanto doesn't do much for you, but a tiny amount of Bitcoins is great. |
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I wanna know what the economic freaks really think about all this. Imagine your running your GPU farms and PG&E says we accept bitcoins. I'm curious about a few things, will cost of electricity theoretically go up? Will bit coins value go up or down? Why does my brain hurt and feel good at the same time when I think about this?
Shouldn't it only change things by roughly the fee for converting that is now gone? Oh, people could hold their Bitcoins longer (to the last second of paying the bill) and with more confidence if the price was static in bitcoins and not just a conversion from dollars. That should increase demand by a little. At this stage the PR boost would obviously increase demand too. |
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Mining is like a hedged position imo. If you buy coins and they go to nothing you have nothing, but if you buy equipment you can get most of your investment back. If they go to 10% current value and you bought coins that sucks, but if you bought equipment then when difficulty drops you will get 10x more coins (not exactly, I know there is lag and other factors) to compensate.
Really mining and immediately selling the coins isn't even a bet on Bitcoin, it's profiting (or trying to) from your extra efficiency over the average miner.
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At this rate I'll be lucky if I ever have 500 bitcoins again.
Maybe you could sell her for 500BTC, I'm sure she has some redeeming qualities. |
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- letters or emails written to anyone (difficult stuff you don't know how to say)?
How would you know what to write if I couldn't tell you? How will you complain if you didn't know how it should read anyway?  |
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SzeChun, GLBSE does in no way (nor will it in the future) attempt to comply with Chinese or U.S Securities laws for the same reason that the German DAX, or British FTSE or Japanese Nikkei does not comply. Being that they are outside the jurisdiction of the above mentioned states(although I am sure we are currrently within the reach of some state should they choose to act).
We will be (in the near future) operating from within cypherspace, beyond the reach of any terrestrial government entity.
With regards all listings on the exchange they do so at their own peril, and we recommend that they too also operate from within cypherspace, and everyone involved with such listing use pseudonyms such that they cannot be traced back to their real world identities, to avoid any government action against themselves.
GLBSE and BitcoinGlobal (nor I) are responsible for any actions by any governments against any group or individual as a result of using or listing on or using this exchange.
Nor are we responsible for any fraud (although we will do our best to mitigate it) also commited on the exchange. In using the exchange you(the user) take full responsibility for you're own actions and the consequences thereoff. It is you're own responsibility to assertain the risk involved in first putting any of your own money on the exchange or buying anything listed on the exchange.
In short if you use this exchange we assume you are an adult, and treat you as so, not some pampered, sheltered child. Buyer beware.
It should also be noted that this is beta software, and as such may at any time be taken offline to deal with any issues that may arrise. We will do our best to ensure that all data on the exchange is properly backed up in the event of a system failure or worse, a raid. But at this point we make no promises, this is a best effort service and will remain so until we get out of beta.
Regards, Nefario.
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Where/how do you plan on buying and selling options?
Right here on the forums. (Marketplace section). As for how, I'll just make a post with my specifications, requirements and have people bid on premiums. Edit: Perhaps I didn't clarify on the options thing... let me edit the post. Okay, just wondering if you were planning a site or anything. |
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Where/how do you plan on buying and selling options?
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Maybe everyone will flock to CDN because it's so stable, hmmm...
It's news to though, how do I get CDN quotes?
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The site does not handle payments at all.
Each user has a profile (payment methods they accept, comments from other users, etc) and a list of other users with whom they trust enough to trade with or run a tab for and up to what amount.
Bids and asks are placed like on MtGox. They will only be available to users who are on your trusted list.
When an offer is accepted the system will record the obligation that each participant has to the other. Participants settle and the obligation is cleared when both report payment.
When there is no hurry and obligations sit for a while there is a chance they will be reduced by trades in the opposite direction. This would save on fees or hassle. Furthermore, traders with mutually trusted parties can have their obligations netted out.
Since we're already dealing with the trust issue it might be easy to get an options market going here too.
People with no trust could even prepay to any well trusted member. Noob sends me $100 on PP. I create an obligation to pay him $100 and now anyone who trusts me will be willing to sell him up to this amount in return for that obligation because they know I'll pay it.
If anyone is interested in developing something like this I'd love to help, but I can't do it myself. I don't have any ideas on monetizing, but I'd still be willing to front some money to someone who is sure they can do this. Suggestions for a name that gets the idea across are welcome too.
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Why must a block chain be geographically limited?
The idea would be to give it some sense, some "human readable" sense, instead of having Block Chain 1, Block Chain 2(...), as well as some "limitation" on the accepted or recognized chains. There already is a limitation on chains I accept: the longest one. period. |
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Good idea, good execution. A little pricey maybe. We need bitcoin farkle, can you do this?
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Latest media attention + awaken enthusiasm(1Thash/s atm) + ppl are buying/hoarding.
You better not be around when big players(s) unload.
I'm sure there are some big stores of coins sitting with early adopters. They may want to use them at some point. Unless they like to burn their own value they'll do it slowly to get the best price. Each time a big stash gets sold to a bunch of different people the flooding potential is reduced. It's a natural process and I think it takes us to a good stable place. |
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I send all coins from wallet A to wallet B. Delete wallet A. Send .01 from wallet B to wallet C which appeared after wallet A was deleted. Before the tx gets confirmed I backup wallet C and delete it. Later I restore wallet C and the tx is still showing unconfirmed, but it is confirmed according to wallet B and blockexplorer.
I tried rescan, I upgraded from 3.15 to 3.21 and tried rescan again. Nothing. I assume deleting the blockchain and redownloading will work, but what's going on? Should I try something else first?
I have made another tx from B to C and it worked.
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Thanks for the replies. I just tryed and buyed 10 bitcoins for 30.99 USD (including fees) on coinpal. So that's 1 BTC=3.10 USD
Let's hope it keeps rising!
And maybe then I buy a more interesting amount hehe
Congrats But I thought you wanted it to fall to buy more?! |
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Rewrote more clearly below.
I don't know how much of this is relevant, sorry.
I sent all coins from one computer to my main one leaving an empty, but used, wallet. I deleted it. I sent .01 to the new wallet. While the tx was still unconfirmed I backed it up and deleted it. Later I swapped it back in and it still says unconfirmed even though the computer that sent has it confirmed now. I used -rescan, it was an old version (3.15) and now I've got 3.21 and still the same. What happened? Do I need to reload all blocks?
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I tried to explain bitcoin to my gf yesterday... i simplified it by explaining that a btc was an answer to a very difficult question\problem. Eg - that 1 answer (1 BTC) represented 1 day of computer-time, or 1-thousand years of human labor. She got that part.
However after 60 minutes of banter she had enough and screamed "BUT WHY THE F#$@# would anyone want to purchase answers to questions!!!!!!!!!!!!!!!!!!!!!!!!!!"..... i shut my mouth from then on.
Lol, Bitcoin is the answer to a serious problem. The answer to: find x s.t. sha256(data+x)<00000000004b3ffa.... isn't so serious or interesting. Maybe focus on the problem Bitcoin solves :-) |
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