I'm sure no one can know for sure but is there a reasonable guess assuming he didn't sell of already?
And current Net Worth of Bill Gates?
Bill Gates, at $61 Billion net worth, or about 4.7 billion bitcoins. - http://www.therichest.org/technology/william-gates-net-worth/Or put another way, if Satoshi has, say 500K BTC, the BTC/USD would need to rise to $9,400 each before Satoshi is wealthier than Bill Gates. At the current trajectory, that is in about 8 years.  |
|
|
|
Here it is - help us build a turnkey bitcoin payment plugin for Ecwid. We can do this ourselves, just like we have done plugins for Magento, OpenCart, Zen Cart, and others. But with so many projects on our "to-do" list right now, this one needs a boost. So we are listing this on PMF to help raise the funds needed for development, testing, and distribution of the plugin. The plugin would install as a payment gateway and would not require the merchant to install any bitcoin software. The website can accept bitcoins without knowing much about bitcoins. The funds raised here represent about 50% of the budget needed. Bit-Pay would pay the remaining 50%. http://piratemyfilm.com/projects/355The funding target ($400 USD) was reached and this project is green light so anyone who bought "shares" will get an e-mail (or can click the link above to go in and pay). PirateMyFilm now exclusively uses bitcoin for payments -- good riddance, PayPal! |
|
|
|
I couldn't find a general Bit-Pay support thread, but this has the right title so I'll post my inquiry here. From another thread: when we create a unique address for an invoice, its basically a bucket whose address is only known to the customer. Then we sit and wait for the bitcoins to fall out of the sky (literally) into this bucket. When they do, we usually have no idea where they came from, but since its a single use address, we can confidently say that particular order has been paid for.
You say it is unique but it appears that Bit-Pay is re-using bitcoin addresses. I just made a payment, and when I checked to verify that the payment had confirmed, there were several previous, older transactions to that address. This seems odd to me. One reason why includes how this re-use of a bitcoin address might be confusing to someone new to bitcoin. The recommendation given to someone trying to see if the payment "went through" is generally first to look up the address and see if it shows a payment. If there are prior transactions for an address then the user might become confused. Another reason this seems odd is because this is lessons privacy. Because I now know this address is used by Bit-Pay, I can probably conclude accurately that the other half dozen payments to that address were payments to Bit-Pay as well. New receiving addresses are pretty cheap to acquire (free, actually) so I don't understand why address re-use would be performed. |
|
|
|
Besides Solidcoin.
Are you limiting this to proof-of-work currencies? MintChip would probably be #2, even though it hasn't launched yet. Second Life Lindens is virtual currency, but hardly really has no crypto component. Pecunix might rank, but it is just a ledger system for a gold backed asset. And if Pecunix gets in, then so does Liberty Reserve and all the other centralized digital curencies. I don't know where Ven might fall, I can't picture it as being anything more than an electronic ledger either. Open Transactions isn't a currency but it probably gets honorable mention as a container / transmission network for them. So ... looks like in terms of dollars of all coins at the current exchange rate you would have Bitcoin: $130 million USD (Coins in circulation X current exchange rate) Litecoin: $0.25 million USD (Coins in circulation X current exchange rate) Namecoin: $0.10 million USD (Coins in circulation X current exchange rate) That may not define "popularity", though as Namecoin has more transactions than Litecoin, for example. But it you consider transactions, Bitcoin Testnet has more than both Litecoin and Namecoin. Here's a block explorer for them: - http://ufasoft.com/coin/blockexplorerNamecoin isn't technically a currency. It's a naming system.
Dot-bit.org is a naming system. The currency it uses is Namecoin. Namecoin can be used for other purposes than just registering domain names under the .bit TLD. |
|
|
|
I was trying to find out if there were any groups at MIT interested in Bitcoins and had a hard time finding any. FYI: We're two Bitcoin-obsessed MIT students, - http://bitbills.com/about |
|
|
|
e non mi aggiorna più i blocchi, il mio client è l'ultima versione disponibile 0.6.3-beta.
That message is saying that for whatever reason, your blockchain is out of date. Normally it should update automatically. If it weren't able to connect, that would be one possible reason, however the image you posted shows that it has connections. Perhaps you are running out of disk space? Bitcoin data files are monsters (near 4 GB now including logs). If you have plenty of space left and it isn't making any progress on downloading blocks, you might check the debug.log. If there aren't any clues from that, you could try deleting all files except for wallet.dat and re-downloading the blockchain. That will take many hours or a day to complete, for many users. Just make sure to back up your wallet.dat before removing anything. [Tradotto in italiano con Google Translate.] Questo messaggio sta dicendo che per qualsiasi ragione, il vostro blockchain non è aggiornato. Normalmente si dovrebbe aggiornare automaticamente. Se non fosse in grado di connettersi, che sarebbe una ragione possibile, tuttavia l'immagine che hai postato mostra che ha connessioni. Forse si sta esaurendo lo spazio su disco? Bitcoin file di dati sono mostri (vicino a 4 GB ora anche i registri). Se avete un sacco di spazio a sinistra e non sta facendo alcun progresso sul download di blocchi, si potrebbe verificare il debug.log. Se non ci sono indizi di questo, si può provare a cancellare tutti i file eccetto wallet.dat e ri-scaricando il blockchain. Che avrà molte ore o un giorno per completare, per molti utenti. Basta fare in modo di eseguire il backup wallet.dat prima di rimuovere qualsiasi cosa. |
|
|
|
I know this concept works with giftcards and certain prizes but is there any interest in this for btc? I could get one up and running if there was enough interest.
There are people, particularly those very young and those in developing nations, who will participate. This is one of the type of tasks that are available through CoinWorker: - http://coinworker.com |
|
|
|
Would this be a good idea?
If you are talking wi-fi, then there is a tiny bit of latency but isn't going to be even noticeable, at least not in causing a financial difference. If you are talking about mobile wireless data connection, the latency will probably put you at a disadvantage. Would this be a good idea? Also, how much bandwidth does mining consume?
For most pools you would do less than 100 MB per day down, and an even smaller amount up. |
|
|
|
I think it's undeniably proven the amazing power of Bitcoin when applied to just one industry - online gambling. It isn't just the power of bitcoin, it is the power of cryptography. The problem that SatoshiDICE solves is there was no previous easy to use online wagering service that is not only provably fair but gives an especially high payout compared to other online wagering services. SatoshiDICE isn't the first to be provably fair though. BitLotto was among the first to use the transaction hash in the blockchain as the value that determines whether the bet wins or not. What SatoshiDICE did different though was it figured out how to do instant payouts. Because the payout uses for the transaction's input the wager transaction itself, there is no risk of paying out using funds that won't confirm. That was quite an innovation and now one million wagers later, it has proven its value. There are a couple other "provably fair" wagering systems (including bitZino), but they don't all use a blockchain transaction hash so it is harder to verify. With SatoshiDICE, I can still go in a year from now for instance and use the blockchain plus the hash keys file to verify that every single wager ever made to SatoshiDICE was indeed processed properly as far as win/loss status and verify that the payouts were successfully sent. Disruptive innovations are defined as being at least ten times better than existing solutions. With a 1.5% house advantage versus 4% to 8% or more for Vegas casinos, SatoshiDICE is pretty close to qualifying as one. |
|
|
|
I'm interested mainly in the UK situation for this, but also interested in how other countries with CGT handle this.
In the U.S., the default handling is FIFO. I believe you might be able to use other methods, but you cannot switch back and forth between whichever method happens to give you the best deal. Related: - http://en.bitcoin.it/wiki/Tax_compliance |
|
|
|
Is there any payment processor cheaper than Dwolla?
Dwolla is free for transactions $10 and under, $0.25 for everything else. They are probably going to be losing money on every transaction until they gain enough volume that they benefit from efficiencies of scale. PayPal "gift" transactions are cheaper (completely free to use in fact), but that isn't for use as a "payment processor". clearly no on bitcoin, if it takes more than 1 step process then no
Dwolla is more than one step as well (e.g., transfer funds from a linked bank account first) |
|
|
|
Are there any traditional projects other than mining operations on GLBSE?
There have been. Feedzebirds is one kind of similar to what you are describing, for instance. Here's another: - https://glbse.com/ipo/144One problem is with how the value of bitcoin keeps increasing, so if your startup earns fiat income (or even earns bitcoins but the price is pegged to a fiat equivalent), the price of each share drops at a proportionate level. i.e., investors are looking to gain more bitcoins, not just value compared to dollars. I don't know the secret. Nobody is using GLBSE in a way that it can be used. Perhaps, ... offer shares with very short term deliverables perhaps. So you start out with something like 10000 shares, and offer 500 shares the first week. There is no minimum, whatever bids are there, that's the price they are sold at. So you have a two week target. In two weeks you show that you've met the goal (or not) and you pitch for the next round, where the next 500 shares (or whatever) are sold. Again, these hit whatever bids are there. And so on until you have sold 50% of the shares issued (or whatever amount of equity you were willing to offer). If you finish early, you hold more shares. If you don't finish with success, that's the risk. I've not thought this through, but it is one way I can think of how someone with only sweat equity to contribute can get funding on a long shot idea. It is easier to raise $500 with a two week deliverable than it is to raise $5,000 with a three month deliverable. Anyone investing knows these generally have a 90% chance of failure. But If it goes well after a few weeks (deliverables are met) the funds can be raised easier and at a greater valuation. |
|
|
|
What is a good convenient (and hopefully not too expensive) way of cashing out?
I am not looking to cash out currently, but it seems that there are a lot of ways of putting USD into BTC, but harder to get it out...
If you want cheap, you will be using the banking system. You don't use the banking system without providing identity. It's your choice. You do have options though. - http://en.bitcoin.it/wiki/Selling_bitcoins |
|
|
|
is there an issue with gox's GB account? i transferred 3 days ago, usually only takes a day. just wondering if anyone else is having problems.
Are you not getting a response to your ticket with support? - https://support.mtgox.com/anonymous_requests/new |
|
|
|
|
Show Posts
