I would like an invite.
Why is everyone freaking out though? There are still other sites like the open vendor database. Tons are listed in the hidden wiki, I believe.
Yes, well the frenzy was caused by the media focus upon Silk Road in particular, because of the use of Bitcoin and an internal escrow system, it has grown much larger much faster than the other choices. It's not going to take long for those older sites to adopt Bitcoin to compete, and most of the vendors on Silk Road probably deal on many tor hidden sites. Even bringing down Silk Road's servers isn't really going to matter that much. Someone else will do it. |
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Well I don't know about US but most hardcore Europe users moved away from torrents to news groups. And that's a fact
Newgroups are old tech, that were re-adopted to accomodate torrents. I can use either in my bittorrent client, but the only advantage that newsgroups have is that they aren't often trottled by ISP's. Bittorrent can be trottled, even in the US, but this is only somewhat effective. I get entire OS updates this way, and download entire netshows. |
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The biggest issue facing bitcoin, is that there's nothing to stop a "bitcoin 2" from entering the market.
Actually, there is. It's called the "first to market" advantage. It's why VHS beat out Betamax in the consumer marketplace even though everyone agreed that Betamax was both a superior format and at least as cheap to mass produce. Anyone can try to replicate Bitcoin, but without a significant and obvious advantage to users, it's market uptake will never approach Bitcoin's. |
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Just for giggles, I flagged this ad "Best of Craigslist". I recommend that others do so as well.
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i know how to use capital letters but choose not to; i see you don't know the rules for semi-colons though!
I see that you don't have the sense not to irritate the mod. |
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i am a member of LE. Someone please give me an invite so I can bust all of you
I would if I could, just to see if direct access to Silk Road would even matter. |
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so instead of 28million btc there would now be a total maximum of 28 quadrillion?
No, 21 trillion with a continuing division of two decimal places. |
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The biggest risk to bitcoin comes from the US government, which may criminalize and ban it. In fact I am pretty sure they will do that once it gets into their radar.
However - and I am not joking when I say this - I CAN'T WAIT till it's illegal. Because once it is, the mainstream will find out about it.. and THAT's when more people will really start using it, and after a brief panic-induced selling from wimps, the price will probably skyrocket. Even though it wasn't money, that's essentially what happened with Napster, Bit Torrent, the whole p2p movement in general. Once they make it illegal, that's when people will start using it. Napster original concept actually totally disappeared and so was defeaten, didnt get stronger like you're saying. Similar to many things like Kazaa, Limewire, etc. They never recovered significantly after all the legal actions taken against them. Same with Bit Torrent, it's pretty weak compared to its top some years ago. Torrents are long replaced by news groups etc. Thus it has not gotten stronger. Your statements about Napster, etc are correct; because these were company driven technologies with centralized servers. Your statements about Bittorrent are not. Byte for byte, bittorrent now consumes more bandwidth worldwide than email. Movies do tend to be big files. "Torrents are long replaced by news groups etc." LOL! |
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why are we taking this clown so seriously? this is kentucky people! no disrespect to the OP of course
Of course. The name of the state is a proper noun, btw; which requires the respect of a capital. |
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I'm really dissapointed that the Mises.org website has been completely ignoring Bitcoin. Does anyone here know any regular Mises.org contributors?
I've been on the Mises forum for a few months, and have followed it for a few years, but I'm far from a regular contributor. I go by a different handle there, and have been arguing with nearsighted idiots over the semantics of a "currency" and a "dollar proxy" for months. |
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I'm an 'Austrian' (praxeologist, more generally) and I relized Bitcoins potential almost immediately. Tunnel vision is a condition that can befall anyone.
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I live in Kentucky, and have posted to Craigslist in the past. I'm very interested in this sad little statist's response. I'd certainly like to know if any such statute exists, and what it actually says. I'd doubt seriously that it exists, the KRS (Kentucky Revised Statutes) are not really all that long or complicated for a state code, and I've read most of them. I've never noticed anything talking about anything digital or currency related, but honestly I haven't looked either.
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I also consider myself an Austrian. And as weird as it seems, I think the austrian economists don't realize that bitcoin has all the criteria they talk about for sound money. Bitcoin is austrian but the austrians don't see it yet!
You would agree that everything Murray Rothbard says in "What has government done to our money?" applies to Bitcoin right? EXCEPT for the main thing he always says. A currency must have intrinsic value before becoming a currency.
I think bitcoin DOES have intrinsic value. What is throwing them off is the whole digital part. Maybe it's because we are obsessed with commodities like gold and silver.
But look at it this way. A written paper letter is something physical. It surves it's purpose (to tell Grand-ma happy b-day or whatever). It has real value.
A e-mail serves the same purpose. E-mail has real value. But it's digital!
I think it's just that our brains havent evolved with computers (no shit haha) and it feels strange to say that a binary code can be valuable.
I order for the austrian critics of bitcoin to be right in regards to that criteria not being met to qualify as sound money, they would have to make the case that an e-mail has no value.
its a double edged sword man. no gov control or back by trust. i would argue that an email to grandma has no value as cause cant trade it for a bitcoin, or silver. an individual would have to see the value in said email and be willing to pay you upon an agreed price. i dont know of anyone that is buying emails between two individuals. unless there are of some pictures of naked chicks or grandmas secret chicken soup recipe. Maybe I didnt express myself clearly with my e-mail analogy. letters do a specific job. pick one. saying happy b-day, wish you were here, paying my visa with a check, etc. I am not talking about the papers value. I'm talking about the thing called a letter. e-mail can do the same job. it's useful to humans just as a paper letter is. it gets the job done (be it, happy bday, wish your were here, visa, etc) only faster, with less energy and ressources. Look at it this way. If I took away e-mail tomorrow. how much money would a company pay me to reinstate e-mail in the business world? So if I took away Nike's capacity to e-mail. it could go back to paper letters to malaysia, long distance phone calls and the fax machine. How much money do you think nike would be willing to pay me to reinstate e-mail within their company. e-mail has enourmous value. Even though I can't touch it, see it, hug it, get it to give me a bj, etc. Binary has value. 1000100010111100101010010111100001001001001 This is a wonderful analogy, and if you were willing, I'd suggest posting this argument to the Mises forum. There are a lot of people there that are wholely against bitcoin because it's not backed by anything, and I've actually had some tell me that fiat is still better! |
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I would like Team Fortress II, but not until it can run on my Mint Linux.
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Solved: It seems obsessively restarting the client does the trick :-)
I'll have to keep that one in mind. |
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Can I tell it to try again sooner than in a couple of days?
No, not yet. All this stuff is in the 'to do' list, but right now the client is fairly simple, and the encryption of the wallet.dat file by default really needs to come first. The only thing that you can do is leave the client running. |
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Hello there,
odd phenomenon here:
I send some bitcoins to an address and the client answered with the transaction id b41b5b861adaa9305cebd0ade03a46bfa3e1ee2674c1d8a8c10c8b87f7994852
it is shown with 0 confirmations when using listtransactions but it doesn't show up in bitcoincharts.com/bitcoin or the block explorer. It seems that it never made it to another node. The problem: the bitcoins are blocked from use.
I did another transaction after that and that went through fine.
using 0.3.22 beta
any ideas on how to get the coins back or the transaction to go through?
Belkaar
Your client should attempt to resend the transaction every couple days until it sees it. If your receiving party sees the coins, it's not really an issue. There is no way (at present) to tell the client to cancel a transaction that never made it to the network. |
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Sounds like a really good plan to me. I tried to tip you - just 0.01 BTC, which is ... hey ... 10000 uBTC ... but: My client (0.3.21 on Mac) keeps telling me: This transaction is over the size limit. You can still send it for a fee of 0.01, which goes to the nodes that process your transaction and helps to support the network. Do you want to pay the fee? No, I don't want to pay a 0.01 fee just to send 0.01 to someone. Any ideas what's going on here? You likely have a lot of small input transactions that the client is attempting to consolidate, as that is it's default profile. Currently there is not yet a way to tell the client to avoid going over the free size limit, so no matter what you do, you are going to end up paying this oversize limit fee. Did you mix up a bunch of coins into very small transaction sizes with the mixer, or something? If not, try sending him .02 BTC; if it will let you do that, then your client is still using the old small value limit schedule and needs to be updated. The small value limit fee only existed to keep people from 'spamming' the network by repeatedly sending very small amounts to themselves repeatedly. |
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All the more reason that we desperately need a competitor to Mt. Gox. Mt. Gox won't be able to handle everything pretty soon...
True statement. Mt. Gox can't even handle the traffic they have now. I'm still waiting (with a ton of other people) for transactions that were wiped out on the 5th for some strange reason. We really need some friendly competition in the market to help take some of the customer service and transaction volume pressure off of Tux and the rest of the Gox crew. I assume that you mean that you are still waiting for a payout. These must be handled mostly by human beings, and can't be automated to any large extent. Also, there are increasing reporting requirements for US citizens as either the payout or the total volume of payouts from one vendor increases; thus it becomes increasingly costly for MtGox to payout. I wouldn't have bothered, myself. It's getting to the point that most urban dwellers aught to be able to find someone to sell their bitcoin to directly in a local fashion, or at least sell their US$ balance on MtGox to, which can also be done. I, for one, don't want a bank transfer to withdraw my cash balance anyway; so if the market price isn't going to come back down anytime soon, I'm going to try to find a local bidder to buy my cash balance. |
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I moot a counter-argument for the sake of debate. (I'm generally in favour of guns)
I have gun, you have gun. The first to shoot wins. Therefore the first to abandon the reasoned debate for violence wins.
I don't think that's very civilised.
This results in a social event wherein the violently uncivilized are quickly identified by the rest of society, by reason of their victims. Then, as a method of protecting itself from future violence from such persons, proceed to negate their violent tendencies in an organized fashion. Some would form posses (or hire rough & tumble types) to capture or kill the offender, as well as send the appropriate warning to others with a violent tendency to squash it or face similar consequences; or the offender will eventually encounter someone who is aware of his history and is faster than he is. Thus the old adage, 'an armed society is a polite society'. |
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