Have you had any communications since the transfer?

And there is a particular thread for putting the names of scammers, although I forget the name of it.

Then yes, it's viable.

Possiblely, but they will change again with each difficulty adjustment and trade price change.

No, why would there be?  It's not our problem if you are immorally stealling clock cycles from your university.  Don't be expecting sympathy if you get kicked out of school over this.


Depends on what one considers "viable", but trading bitcoins for actual stuff is pretty easy.

I'd doubt that anyone on this forum is going to pin your crimes upon Bitcoin.

You could do it by modifying the client to use a new genesis block, a new port and use an access controlled VPN or darknet.  I don't know why you would want to do this for a local currency, though.  It would be too weak to withstand any of the brute force attacks, even limited to known users via access controls.  If you really want a local currency based off of Bitcoin, then you need to set up a single trusted server that issues one time use signed certs and back that currency up with a Bitcoin reserve.  This way your local currency has, at a minimum, the value of the bitcoins in reserve.

Brazil is a completely different culture.  Particularly one that doesn't have nearly the faith in, or co-dependency with, their federal government.  Europe's social service programs are terriblely expensive, but they are popular enough for Europeans to put up with the high taxation required.  I would say that Brazilians wouldn't suffer that kind of taxation, no matter how it was presented.  I'm saying that Bitcoin could undermine that faith in governments by collapsing the social services for lack of funding, and make Europe more like Brazil.

Link?

I still don't really think that a VAT tax is going to work very well for long, either.  There is too much incentive for manufacters to cheat by selling directly onto the dark markets online.  There is already, as reports suggest that Greece's dark (and largely untaxable) markets are roughly 40% of the GDP.  There is no way that Greece, as a nation, can repay their foriegn debts if this trend continues; but in a Bitcoin future with governments dependent upon a VAT tax in Europe, the first real recession and half of the population will  turn to the dark markets just to make ends meet.

You're not likey to find such sketchy people on this forum either.  Try silk road.

Considering the vagueness of the questions, I'm not surprised that you were generally ignored.  The old salts here get very weary of answering the same questions, and if you want a real answer to an unanswered question you have to frame the question well.


Only if you assume that there is a backstop to the fiat currencies that you compare it to.  In practice, this may or may not be so.  Technically there is nothing backing up the US FRN beyond "the full faith and credit of the United States (government)", so in the end what backs a fiat currency is the faith the general public has in the long term future of said government.  If that is enough for you, then that's fine for you.  You should not assume that others share your religion.

I disagree with this statement.  A defined 'accepter of last resort' takes upon itself a huge liability by this action, potentially to their own destruction should the government decide to go after this institution.  If the public even believes that the government can destroy this institution, then the currency dies for lack of trust in a future trade value.  Bitcoin is valuable without any openly defined supporting institution.  If what you say is correct, this should have never happened.  The reality is that it did happen, so some significant economic support for the currency presently exists, which implies that it will continue to exist provided that said econimc support cannot be identified and subsequently undermined.

That's not an answer, it's a dodge of a serious rebuttal to your statements.  By what premise do you assume that such motivations actually exist?  It's rude to dismiss responders so, please don't do it again.

No.  That's the point.  You can choose to centralize for yourself by depositing into a "bank" or website, but no one has to.

You need ot read some more and return later.
They can have what they want by using a bitcoin bank or online wallet service, but monetary policy is politics.  Bitcoin just makes alternatives to the establishment possible.
If I were mad at you, you wouldn't be talking anymore.  But I do consider you a bit rude, coming into our house to crap on our table.  You are not the first to comeup with this theory.

I agree completely.


Sure.  That's why Facebook never took off, just being a novel version of a wiki after all.  It was doomed from the start.

Presumedly from ATI's manufacturing plants in China.

It's not as bad as that.  Anoniminity can be had even if your coins intermingle, as the secret data that really needs protecting is the association of your real world ID with those bitcoin addresses, and not the addresses from each other.  I do admit that more control over which addresses the client uses for any given transaction would be a helpful feature in this regard, however.  And yes, at the present time two wallet.dat files is a good idea if one intends to have an open Bitcoin identity as well as a anonymous one.  There are ways to get coins from one to the other without associations if one is purposeful and careful, such as the bitcoin mixer; but it would be useful if this were something that the UI could handle.  Someday it may.

Isn't there already an open source Point-of-sale system that could be modifiyed to handle bitcoin payments?  I know that there is a POS system based off of the Ipad that already intergrates Bitcoin, but to what degree that is so, I know not.  And they are not open source.

The rise in difficulty is driven by the rise in relative value, not the other way around.

Are you saying that wouldn't be a political opinion?


I think that I'm actually insulted.  Did you just call me a "right wing conservative"?

It's most likely your bitcoin client, as AT&T can filter IRC connections for anything that might look like an automated process using an IRC channel for command and control.  I'd recommend sending a notice to the abuse address to let them know about Bitcoin and how it uses that particular IRC channel for peer discovery, and they can filter out that channel from their watchdog processes.

Anonimity is possible with Bitcoin, but it is neither automatic nor particularly convienent.

Interesting, but I think that I need more than can be stored into an 1/8" thick wallet would be limited to.

I don't have this problem.

My faithful wallet is falling apart, and I've been ignoring it for months.  I'm attempting to locate a custom leathermaker, or some other artisan, to make me a custom billfold that can safely hold two ID cards so that they can be seen without removal.  I need one for my driver's license and one for my carry permit, both slightly larger than a standard credit card.  I'll consider other materials than leather, if there is an artisan who prefers duct tape as an example.  I'll expect to see photos of prior work.

Barring a custom job, I'll consider a mass produced consumer solution based on price shipped.

Perhaps you need to narrow the scope of the question and try again.  What about the explainations that you have received do you not understand?  In addition, asking about valuations is subjective.  I.E. the answer is relative to the person being asked, and not an objective truth that can be explained.  The only objective truth concerning the "what gives Bitcoin value" is that something does.