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Some people are used to thinking they should borrow whenever it's available and it will be easier to repay later, this isn't even true with inflatobux because of the interest rate usually charged, but with coins you really need a good reason to borrow imo. The safest thing to borrow for would probably be mining since your income will be denominated in coins. Not saying that's perfectly safe or anything, just that you'll get positive exposure to the bitcoin price and not just the downside of owing them.
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Yeah, the other party has no upside they sell at the current price if it goes up and get nothing if it goes down. For this you need to pay up front. Even for a short period this should be non-negligible because of the high volatility lately and in general.
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I've got a lot staked in Bitcoin, but I'm not nearly 95% sure of it.
It'll be interesting if there is another strictly better distributed cryptocurrency anytime soon. It surely won't sit around unnoticed for a year like Bitcoin did.
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Freaking poker, go go go go go.
I was thinking that someone could make some saloon software that keeps track of what people at the table should pay each other. Then the players could just pay each other in bitcoin, bypassing any central pot (and therefore no easy target). The software could be flash or what not, and could be added to any site. The players would have to trust each other to pay what is due after each hand/round/whatever. Sort of a cyberpunk meets wild west scene. That would have some use, but I'd just as soon trust the site or even 1 person at the table instead of having to worry about each individuals rep. I actually really like the host idea. He drums up interest in a game/format/time and holds the cash and takes a cut. Does anyone know decent play money software that will allow private games and such? |
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Thank you for answers and I still think that bitcoin is a very good idea and as long there is not a better solution, it is the best and it is atractive
moa - if you are so negative to people asking question about new currency system, you scare them away. Isn't that bad for you and others investment? Maybe I consider invest a lot of money to this new system and I have some doubts before I do it?
Is it possibile to make money flows more transperant? I mean - make a statistic like this:
1% of accounts average is X bitcoins
5% of accounts average is Y bitcoins
10% of accounts average is Z bitcoins
20% of accounts average is T bitcoins
.... and so on
That would let me see how well the money is spread and that would let me help to make decisions?
This info is all available. I'd donate a little for an easy way to view it though. Another thing I'd like to see is the % of coins which haven't been spent, % that are one tx away from a generate, 2 away, and so on. Bitcoinwatch.com and Blockexplorer.com have some info. |
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Freaking poker, go go go go go.
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So there are about a million Americans who want to play poker right now and can't. It would be a good time to open a nice Bitcoin poker room.
If some developer with experience making things happen needs a little capital, let me know.
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To send coins you need the private key that corresponds to the public key which received the coins. This key is stored in a file called wallet.dat on your computer.
Coins are yours if you have the key and therefore the ability to spend them.
All this is handled for you though, you can see your balance and send coins right in the client.
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This is great stuff, keep it up. Coins coming.
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It would be hell to have competing companies all lay down their own pipes to give you water. No, it wouldn't. What's hell is when the government sticks a gun in your ribs and forces you to empty your pockets or give up your land against your will. How would it not be? Lets say the water pipe is 1 foot wide (its smaller but i'm just trying to give an example) and that's laid down first and serves you and your neighbor. Then company B wants to send you their "mountain springs" water but your neighbor wants to keep company A. So the road is dug up and a second pipe is laid down alongside that pipe.... then company C wants to sell your other neighbor some water..... Seriously? A company lays down pipe and what 1%, 5%, 20% are unsatisfied for some reason and a different piped water company is what they want? And they are going to pay way more for what difference exactly? They would be a much smaller group paying all the same fixed costs. More likely they will get water delivered to their tank in a truck, or buy a rainwater system, etc. Pretending people are going to do insanely unprofitable things if they get free is silly. Sure people will make mistakes, but they will tend to have less capital to mis-allocate in the future. |
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I can't warehouse, but I will commit to buying a few things (shirts and a hat?) at a reasonable price for payment in coins.
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Imho they goofed when they started it they should have just given everyone 1000 coins on such and such date, then after that date no more bitcoin.
If you figure out a cheat-proof, distributed, fair way of doing that please let me know. I need that magical solution for the Bitcoin Faucet. Did you miss Toecoin? This is solved  |
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This means that every time you make a transaction you give 0.01 to the person who finds the next block.
Small correction. The fee is 0.01 BTC per 1KB of transaction size rounded up. A transaction with one input and two outputs (most typical) is 0.25 KB and the fee is 0.01. If your transaction has many inputs (like consolidating a wallet with many small change coins), the fee will be proportionally higher. There is still no need to pay the fee unless you want to be (almost) sure to have the transaction included in the next block. The fee will probably become important when there are much more transactions going on and the competition for inclusion into the blocks is higher. Kind of sounds stupid if Bitcoin gets really busy that you have to "pay fees" to make sure your transactions go by faster. This is a silly gimmick to the whole idea of Bitcoin doesn't make sense. It's really not silly. Finding blocks requires hardware and energy. Right now the payment for that is mostly new coins. Eventually there won't be any new coins. There will be a smooth transition to fees only over the next 120 years. It's clever because it solves two problems at once, appropriate distribution of new coins and free/cheap transactions for a long time. Maybe cheap forever compared to alternatives. |
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I bet if you stop paying they'll stop making you go.
But really it's pretty silly on both sides. What do you think about a barber that insists you get a haircut if you pay him?
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The government uses taxes to destroy lives. If you have to pay them to avoid your own destruction then fine, but don't pretend their demands are legitimate, or that you are fulfilling some kind of obligation because you aren't you have no obligation to aid in murder, imprisonment, torture, and destruction. If you happen to like some aspect of what the government is doing you pay for it directly without doing the evil parts.
Article is bogus, I paid tax on fruits and veggies today.
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This kinda worries me, what if i when i buy some bitcoins i end up depositing money on the bank account that belongs to some major criminal that the police is spying on to gather evidence to arrest (or see who the criminal is associated with) ?
Maybe the thing to worry about is that the cops won't have a freaking clue about coins and will just see you ship a grand to whomever they are watching and assume you are buying whatever illicit thing the criminal is in to. That kind of incompetence is an argument against police not bitcoin. |
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But the success of this currency is not going to depend on websites that take 1 or 2 or 5 Bitcoin at a time. It will depend on reliable transactions *beginning* at five figures, and going into six or seven.
And *that* is where a new Bitcoin client will have to focus: on 'splitting' Bitcoins into their intended - but never implemented - eight decimal places.
With only 21 million of them, I suspect we'll need the added functionality pretty soon now.
I see on the charts they're over a US Dollar...
It's really easy to implement, it's all there just not in the standard GUI. It'll happen soon I'm sure. |
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I'll do it. Just acknowledge me and I'll send it to the address given.
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i know a great way to get more donations to the faucet: allow donators to leave a short piece of text. since the bitcoin faucet is such a popular url, donators could leave a link to their website or company, acting as an advertisement. public pilanthopy to new bitcoin users as a way to promote your company/brand image...
This would be cool. The order should be [amount donated/minutes since donation] in descending order. Display top 10 on main page and have a page with the full list. |
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I think it's pretty clear that people would prefer to take any other kind of money over this evaporating kind, but overlooking that now, what about things that people need to save up for?
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