I've been waiting for the right time to end Seals 0 confirm policy, seems like this is the time. It was really nice while it lasted, a playing with fire success story.
Because an online poker player can purposely lose to another player, that essentially is a form of an Account-To-Account (A2A) transfer, so that makes sense that a a confirmation or two is a requirement before the funds can be used for play. Right, there just isn't a safe way because you can't reliably tell if losing the money is on purpose or not. So even if you had careful tracking of who loses to whom you wouldn't know if the winnings were safe to pay out. I plan to make small deposits instant for long time players eventually but some details still need to be worked out. Essentially it will just be a courtesy to loyal players who want to not miss a tournament or something. |
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Put the magazine to coindl.com, the purchasing system is retarded  I bought it and enjoy it. But what was up with their system? Did I even need to pay? It seemed like I got the link before instawallet even sent my coins and they used the same address a bunch of times. |
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I've been waiting for the right time to end Seals 0 confirm policy, seems like this is the time. It was really nice while it lasted, a playing with fire success story.
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Seals is going to start requiring 1 confirmation for deposits starting today.
We haven't had any trouble, but we've determined that it's only a matter of time until we do. Sorry for the inconvenience.
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What nation would want to use bitcoin as a national currency? The government wouldn't be able to control it. Deficit spending would be impossible. Good for the people, but bad for the people in charge.
Plenty of governments use currencies that they don't control. They do it because the currencies work much better than what they can manage themselves. |
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It is the opposite of a problem. People with this view don't only want to keep what they have they want to get more. To get more they will focus their energy and attention toward providing goods and services in exchange for bitcoins making bitcoins more useful and more desirable. Doing this double fills their goals, they get more bitcoins and they make their bitcoins more valuable.
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I'm convinced, we need more bottles for sure.
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It has nothing whatsoever to do with the man. It might speed adoption that he can't be smeared as a kitten rapist but that's only because of mood affiliation fallacy or something like that.
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I get the feeling that people have interpreted this question in two ways.
I think he was asking how "invested" you are in Bitcoin. ie. How many Bitcoins do you have or have you purchased?
Related to this, there is a common illusion that you can put some kind of money 'into' a thing. But you can't, all you can do is divest yourself of one thing to gain another. The illusion is even stronger when the thing you are purchasing has a face value, but even a "That guy owes me 11 coins because I gave him 10" is not you having 10 coins 'in' him, it's you becoming no longer invested in 10 coins in return for being invested in a promise from a guy for 11 coins. |
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“Bitcoin is not an option. We can pay next to nothing with it and there seems to be no ‘certain’ way to convert it to something we can use,” he says.
...
, based in Iceland!, accepts bitcoins for shared and dedicated servers. Looks like the admin is looking for ways to fail. Seals uses Orange, been quite good for a year. Seals manages to pay all the bills with bitcoins. On the rare occasion that dollars are needed, those are available for bitcoins too. By 'certain' he must mean promised by someone currently powerful. |
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Why are there so many bitcoin haters on slashdot? I don't understand. Probably because they see it as a greater fool type setup. As long as there us a greater fool out there willing to buy your bitcoins the scheme continues. They tend to think this will eventually end. There will always be people like me who will always be reluctant to accept any currency for which we don't even know what is the total amount in existence. The greater fool is the one who accepts to keep such a currency for any significative amount of time. So unless you are poor and thus have no savings whatsoever, you want to keep stuff that are not constantly devaluated. Bitcoin is undoubtly one of these stuff. What you are saying borders on the far fringe. It is quite dramatic. The us dollar will be around a lot longer then we will be alive. Anyone with money invests it and hopes to exceed the inflation rate. Say 10% per year as a fine goal. They diversify also. What in a museum? There was a thread just yesterday I think about "How many bitcoins do you have invested?" which makes no sense but belies the same fallacy as this snippet. You don't 'invest' dollars when you invest, you get rid of them for something better. Everyone smart is always looking to get rid of their dollars because they are shit value. |
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The Android client is coming along quickly. We'll need testers next week. Email support@sivv.com if you want to be one of the first. Sorry guys, this was hidden under my ginormous picture a ways back. That's the fastest way in. emailing micon or myself at admin@sealswithclubs.eu works because we we email sivv for you. And the email you get will be from sivv.com, don't be alarmed. Thanks for the interest and help. |
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As was said, all that matters is execution. If you haven't done hard work on complete implementation details then it's just something that occurred to you and it will occur to many people. And if you have done all that work then someone can't just come along and steal it, they'd have to 'catch up' to you all while knowing you'll be in their niche.
There is so much more to do than there is time that idea hoarding is pointless.
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If $14 falls will we see 15?
looks like an avalanche erupting soon ... Avalanches don't erupt. Volcanoes do. lol Avalanche's gunna change... just wait. |
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Meh. The price always goes up by about 30 cents on/around January 9th, 2013.
+1 Anyone who has reasons explaining why it didn't happen is wrong so it must have gone up by about that much. |
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This means his idea of "equal distribution" is the same amount for each individual. Not according to how much money you already hold. So, inflation comes, everyone gets $100.
The reason we don't want that is that we really don't want people to consume, we want them to save. Every time someone consumes we get poorer, because we have less things to consume. Every time someone saves up (refrains from consuming) we're richer, as a whole, because he has produced something of value, but not consumed anything in return. Yeah. The money that can hold the most demand back from real goods is the money that wins. |
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It's a bad question because reality is that whoever has the top level weapons gets to keep them because they have them. All we're talking about is what the people with the most dangerous weapons will 'allow' others to do. But it's backwards, once you manage to get the top weapons suddenly you are actually 'allowed' to have them. All the current dickering is about how many orders of magnitude weaker to keep the people who are weaker than the best armed people.
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The lowest timestamp difference between two blocks was between 156113 and 156114 (-7125s, almost -2 hours).
What does it mean? The 156114 is older than the 156113?  Real time doesn't matter much in bitcoin, we know the order without doubt because the later block contains info from the previous. |
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3) Money isn't wealth, money is an accounting system.
I think this is an important point and it is often forgotten. The fact that a small number of people own all the bitcoins doesn't mean that everyone else has nothing. If I own a house that is worth BTC10,000 but I own no bitcoins, my wealth is BTC10,000, not 0. There are about 3 trillion dollars in existence, but the total net wealth of Americans far exceeds that value (it was more than $50 trillion in 2009). Money is a great accounting system for anything that is small compared to the scope of the system, but it is meaningless (or close) for measuring the whole system or a large part. |
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When countries start using it out of necessity of foresight it still won't be a national currency, just like it isn't a drug or gambling or sock currency.
Being a national currency does not mean that the currency belongs to a nation. It just means that this nation officially uses this currency. Same as the english language is the official language in Great-Britain, and yet english is not only used by british people. Fair enough. I was meaning to reply to: I really dont think the community as a whole wants it to be tied to any one nation.
Even when bitcoin is a national currency in the sense that you describe it won't be tied to that nation and more than it is tied to me because I use it. |
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