is it right if i want to send big amount like 1 BTC, i can't leave transaction fee to 0?
and the network will confirm it?
If your 1btc has more than 150 confirmations, you can send it for free. Same goes to 0.5btc with 300 confirmations. I think you are referring to transaction prioritization. The longer it has been since specific inputs have been last moved the higher priority the transaction will have. The normal rules of BTC per TX size would still apply. Miners always have the option of confirming a TX that doesn't have a fee attached when it normally should. |
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I did some faucets back in 2013. It was a waste of time then -- gotta be a colossal waste of time now.  probably but remember if you did faucets in 2009 and kept the coins it would be worth it if someone does faucets in 2014 and keeps them until 2019 will it be worth it?  Maybe, but even in that scenario doing faucets for hundreds of hours would still be less profitable than buying 5$ worth of Bitcoins and holding until then  It would be a much better use of your time if you were to work some additional time and use the money you earn to purchase bitcoin on an exchange. The total amount of additional money that will be in your name will be much greater then if you were to try to make money from faucets. |
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I have been expecting higher than market value since the "whales" do not have to send money to unregulated exchanges.
Very valid point and a good reason to expect high bids. Did you expect a drop in the price of Bitcoin also after or at some point during the auction? Am I trapped in some kind of time vortex? The auction is long over! We're basically waiting for someone to reveal their losing bets or the FOIA requests to get fulfilled (which may take a lot of time or happen never)... Neither of this will happen. Draper has a good reason to want to keep his price a secret and the USMS agreed to keep it secret. They are exempt from the FOIA in this case due to trade secrets. |
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How long before this happens in the US?
I feel like we wouldn't let this happen as easily, there would be a public outrage. But then again, we let NSA happen. So maybe not. I don't think this could happen in the US. The FDIC insures all bank deposits up to $250,000 per depositor per institution. The bank would have to fail first and after that it could only apply to deposits above the above limits. Banks already pay the FDIC an insurance premium based on how much money is on deposit at their bank. |
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Money laundering is never a crime. They made it a "crime" because they are too bad at catching people for real crimes such as theft.
The law defines what's "crime". Money laundering is a crime in most countries. You can argue all you want "you made it crime because you are not good at catching people" in the court, all you want, but that kind of defense won't stand a chance. Using a bitcoin mixer the way that the OP's attacker did was not laundering the bitcoin, but rather trading his bitcoin for other bitcoin that is unlinked to the coins that were put in. Money laundering is when you mask the source of income to make it look legit when the income was truly obtained from illegal sources. One example of this would be someone owns one of those laundry shops would deposit a bunch of money in the laundry machines to make it look like more people used their services then really did, the money that was deposited was from some illegal activity. (no pun intended on the "laundry") |
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Personally i mine by hand. I send my shares via registered mail to the bitcoin foundation. They said it would take 14 million years to mine a bitcoin that way. Brb i'll write an article about how fucking retarded i am.  THis cracked me up. Imagine doing a hash by hand and by some crazy miracle it's the block...Talk about luck You would still need to propagate it to the network before someone else does in order for it to be included in the blockchain. I would also think that it would likely take more then 10 minutes to calculate a hash by hand, making the hash worthless regardless. |
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"You can only save from money taken from your household earnings (you won't save from loans), that is money which you would otherwise spend on consumption. Please try to explain how this can be any good for the economy in the long"
How can it not be good? Where do you think your consumption comes from, if not someone has produced them? How can you get it, without producing something of comparable value and trade? The savings in money and investments from prudent producers is the root of increased productivity, that benefits all.
Sorry, but I don't understand how what you say is related to what I am talking about. Yes, someone has produced what I consume, so if I decide not to consume (but prefer to save instead), there is overproduction (as simple as that). We are not talking here about producers' investments. There can never be overproduction in the free market. When one individual produces, sells his product and saves money, prices will decrease and others will be able to buy more. Saving is letting others in front of you in the consumption queue. Overproduction and under supply can happen in free market. Planning and mis-allocating capital can go horrible wrong even in the total decentralized system. Over production happens when more is produced then what can reasonably be consumed. A merchant can only sell so many products before there is no demand for the product anymore and merchants often have a time limit to how soon something much sell either because of seasons or because a specific product will "go bad" after a certain time When supply strengthens, and demand softens, the profits of that specific market is eroded, and the capital is taken to a more profitable market space. There is no overproduction. Temporalily, prices can go lower than the producers are happy with, but that is also a temporary advantage for people just on the edge of purchasing that exact stuff. Conversely with the absurd notation of under-supply. On the other hand in a nonfree market, that is someone disturbs the free market using the threat of physical force in violation of human rights, meaning government, prices and volume is always suboptimal. Compared to what consumers and producers want, which is the only important thing. Some random person, voter or not, is not entitled to push his values on to others. This would happen when markets are 100% efficient and have all of the real time information that is relevant to the market |
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I see that paper wallets can be a thing, but how can one send coins by using only that paper wallet? Let me know if you already found out a solution on that problem. I already stated that the widespread adoption of bitcoin isn't impossible, but just improbable at the time being,
Many people who know what they are doing see that. It is only those who think bitcoin that can become the reserve currency or replace local currency has no clue. Actually bitcoin isn't a currency IMO; it's a form of payment system. However, as people adopt the idea of bitcoin as an alternative currency, it's slowly becoming a currency. But most of the people tend to value bitcoin as an investment rather than a currency; most of the people waits for the value to rise and then trade it for fiat to profit. If we want to stay away from using fiat and wants bitcoin to be a replacement to it, we should use it more often and liquidate all of it for its value not to be volatile. The price of bitcoin needs to stabilize in order for it to be a form of currency money |
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...If you take certain precautions and pay the right price (pay for mixing services) then you can stay anonymous with bitcoin.
Since 2010 there have been dozens (perhaps hundreds, or even thousands) of media articles that call Bitcoin "anonymous", so many people believe that even though it is not true. If you use Tor, bitcoin fog, and wifi hot spots then you could effectively use bitcoin and be anonymous. In reality, unless you are dealing with a lot of money (at least 6 figures, as measured in US Dollar equivalent) then most likely, no one will be able/bother to discover your identity. Only if you solo mined them in 2010 through tor, if that even was possible. Today if you only communicate via tor for any bitcoin related trades, have your wallet communicate with the rest of the network via tor and only connect to tor at a wifi hotspot then you really do not have any opportunities of having your identity discovered. |
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35 minutes and counting now. I swear, it seem like every time I send a bitcoin payment, I'm one of the people stuck waiting an hour for a single confirmation. C'est la vie.... 48 minute block time there, I was waiting for that one too. THEN the next block contains only ~500 transactions, not including mine. Now another 26 minutes and counting. Damn you, bitcorn! As long as your transaction has been propitiated throughout the network and it includes a proper TX fee it will eventually be confirmed by the network |
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If you look at the paragraph above the one you quoted The Rule requires that when you advertise merchandise, you must have a reasonable basis for stating or implying that you can ship within a certain time. If you make no shipment statement, you must have a reasonable basis for believing that you can ship within 30 days. That is why direct marketers sometimes call this the "30-day Rule." It appears that the 30 day rule only goes into effect if no statement is made as to when the product would ship. Do you honestly believe it's legal that if you promise to ship "someday" you can hold customer funds forever and never give a refund? Well, BFL seems to beleive that and so far is doing a damned good job of it! BFL has a horrible history of massive delays with their miners. I am surprised that people are still doing business with them. |
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That is crazy. Why would they stop accepting bitcoin? They probably just wanted to get the free publicity. I just checked. It's still there. When I went there it said the promotion had ended. EDIT: It is still an option to use bitcoin to checkout, it does say that the promotion has ended when you go to newegg.com/bitcoin (the site must assume you are responding to a promotion when you go to newegg.com/[word] |
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The RMB is definitely going to be the next reserve currency and this might happen sooner than we think. The Chinese have heavily invested in the African continent and this will be on of the factors getting it there.
China is still developing as an economy and it would be much too soon to use the RMB as a reserve currency. The chinese government also subsidizes their own industries too much for this to be a viable option |
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Subsidy and protectionism are economic weapon.
It takes time to build up an infrastructure for an industry, killing your competitors with subsidy then raise the price up after all your competitors are gone. Robber baron and standard oil have done it in the past, it is now being done on country level.
Do you know of any modern of current examples of a country or a corporation doing this? Solar companies in China seem to be doing this. And since Chinese YUAN is being subsidized by average China citizen, one can also argue all the producers/exporters in China are doing it to kill their competitors abroad. It isn't just Solar companies in China but much of China's exports are subsidized by the chinese government and allowed to be sold at below cost. Another good example is the chinese textile industry |
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If you are buying bitcoin at a rate of $50 per two weeks then it would take 28 weeks to buy one btc assuming that your average price is $700 per btc (it is at $636 now).
I am curious to know how you got .02 from the PD faucet.
If you were to use "regular" faucets then it would take at least hundreds of thousands of hours of work to earn one bitcoin (hint: do not try this)
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Augmented reality games or not, if real value were ever associated with proof-of-location then I'd imagine people would attempt to develop and sell location remoting services. For the system to work the value of the proof has to be less than the cost of "spoofing" a location.
In a somewhat related example, I knew of somebody who needed to trade as a non-US person on a well known Bitcoin exchange. The cost of setting up a non-US account and a secure computer in a foreign country was well within his budget given the particular circumstances. So he went ahead and did it although it cost him almost $10K. The setup served him well and in spite of AML/KYC checks he was able to trade from a fake country under a someone else's name.
I would think that it would cost a lot less then this to spoof your location. Wouldn't it be cheaper for your friend to simply go to this location for a month, rent a room, buy a computer and actually be in this location? |
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MIT is too overrated on just about everything. And global laming warming is a scam on epic proportion.
It's more like an industry that is being pushed by the extreme left who then profits by using government contracts and bailout money to foist green technology on people when the market hasn't called for it. Solyndra anyone? The bottom line is they had used the term global warming for decades up until recently and now use climate change so they can't lose if we have a colder than normal winter/cooler than average summer or vice versa. There's record sea ice peaks in Antarctica these days ya know. That said, I have a high regards for MIT and their undergrad mission of expanding Bitcoin into those students' lives. Liberals tend to want "green" energy companies to get more business because these companies tend to donate huge amounts to liberal campaign funds. |
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The only difference is that mp3s will probably be replaced by something better. but Bitcoin will not.
Bitcoin is too young to state definitively that it will not be replaced by something better. Replaced as what, the cryptocurrency that kickstarted a new financial paradigm, sure. Bitcoin is not the be-all and end all of cryptocurrencies. It is up to the Bitcoin Core Dev team to ensure that Bitcoin improves, while it is up to other developers to create applications and systems to better integrate the use of Bitcoin into the lives of the every day person. The mp3 format has stood the test of time so far, and it fills a nice space within the area it operates within. If anything you may find mp3s dropping off over time due to the size of telephone memory, Internet connection speeds etc. The Bitcoin protocol can be changed as necessary to adopt to the evolving marketplace and technology. |
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I often search bitcoin on craigslist but what I find is insane prices of miners. People selling miners for exactly what they paid 5+ months ago. Or sometimes someone selling btc for 30% above preev. To date I have not found anything that I didn't laugh at.
If you negotiate with the sellers appropriately and point out the fact that they have received a certain amount of revenue then they would likely charge you a more appropriate price if you are in the market for a miner. |
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Step 1: Watch the blockchain for any huge transactions from one address to another
Step 2: Claim that a huge transaction was actually stolen money from my address
Step 3: ?? your idea ??
Step 4: Profit!
As crazy as this sounds, this is actually what the OP is suggesting to do. Anyone can easily track bitcoin though the blockchain, and there is no real reason to need a company to do this for stolen coins. |
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