Now I can buy anything anywhere in the world without paying large currency conversion fees.
The end goal of Bitcoin is to enable you to buy anything anywhere in the world without currency conversion at all. Focusing on the destination isn't as helpful as focusing on the path in front of you. Sometimes a spoon is just a spoon. |
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And it doesn't really have to be an actual bank to start the trend. If Wal-mart starts accepting Bitcoins, even just for their site-to-store purchases, then every one of their compeitors is going to have to follow suit quickly. If Target does it first, Wal-mart might be able to resist for a while longer. But once any major retailer such as these try it, resistance from the banking industry would be counter productive for their continued existance.
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Search the archives for the term Dash7, but there should be no automatic deductions or transactions, or someone is going to make such a transponder and hide it in the airport terminal.
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So a distributed sequence server? Order server?
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Now I can buy anything anywhere in the world without paying large currency conversion fees.
The end goal of Bitcoin is to enable you to buy anything anywhere in the world without currency conversion at all. |
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New ideas take time to be accepted. When the concept of "zero" was first imagined by mathematicians, it took centuries to be accepted as being real and meaningful. The same with the idea of the sun at the center of the solar system. And evolution is still not universally accepted.
People were murdered for attempting to tell people outside of the fold about the square root of one. The heck?!? What's the story behind that? Oh, sorry. The square root of negative one. There is an unconfirmed story that such numbers were central to a mathmatics cult centered on a Greek island, wherein secrecy of the math was maintained by the threat of death to anyone who would share the secrets with the greater Greek cultures. There is some evidence of the use of such "imaginary" numbers in the complex architecture of Athens, but no evidence of how the designs were calculated were ever found upon any building plans ever recovered, so this story is plausible. I'm having trouble remembering the name of this math cult, so Google isn't helping me out much. |
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Well, I have over 200+ computers. Will I make any money off these? I'm running minors on all of them.
If you are running miners on the cpu's, you are almost certainly losing money due to the costs of electricity. |
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They've adjusted their price, it's now only 18 bitcoins delivered. |
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I wish I could buy XXX with bitcoin...
Oh, wait...
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Need more info. Are you behind a firewall? What OS are you using?
not behind a firewall. Ubuntu 10.10 bitcoin 0.3.21, but had it with the previous version too. Could your ISP be traffic shaping? |
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Until then.......heisenbubble.
And a carrot. |
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https://www.eff.org/deeplinks/2011/04/open-wireless-movement10 bitcoins for a good yard sign, designed, printed and shipped to my home, to advertise this project and the fact that I'm participating. I have never encrypted my wireless router, because of the reasons presented in this article, but have turned down the transceiver power to limit it's practical use to people on the sidewalk and in my actual yard. I don't want someone to be able to wardrive and park behind my house in the alleyway and download something that would get me sideways with the police.
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This website estimates that there is $4.5T of physical currencies in circulation as of September 2009. If all of that was replaced by BitCoins, and all 21M BitCoins had been released, a single BitCoin would have the purchase power of $214,285.
I'm sure it would be several times that number if electronic currency was considered as well.
Interesting to think about...
Interesting, yes. We will all be dead before this day comes, however. |
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...Keynes didn't say a single truth.
"In the long run we're all dead"? The Singularity? |
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Hi,
the bitcoin client I'm using often can't connect to the network.
It shows "0 connections" for like an hour. THen sometimes it goes to 1 and then back to 0.
Sometimes closing it and starting again solves the problem, sometimes not.
Also, often it just works fine - finds several connections immediatetly
anybody has a similar problem?
my network connection is pretty good.
Need more info. Are you behind a firewall? What OS are you using? |
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The difficulty seems to follow the 6 week moving average of the price very closely, so as the value of the bitcoin rises the difficulty increases with a lag. If this holds true, your predictions about the rise of difficulty is irrelevent.
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New ideas take time to be accepted. When the concept of "zero" was first imagined by mathematicians, it took centuries to be accepted as being real and meaningful. The same with the idea of the sun at the center of the solar system. And evolution is still not universally accepted.
People were murdered for attempting to tell people outside of the fold about the square root of one. |
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Would you recommend it to your non tech savie relatives/friends, if they wanted to invest in BTC?
Yes, and I have. And I have a substantial volume of bitcoin there myself. I rarely fire up my client. |
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Wife tells me as soon as I buy something nice for her with it she'll take it seriously.
I bought my daugher a necklace off of Etsy a couple months back. |
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And my point is made again. In about the time it would take someone to source a GPU, buy it, hook it up, and wrestle with drivers, the valuation of a bitcoin has nearly doubled. By just buying the coins you could have made a 100% profit in a few days instead of a year.
Thats actually pretty good. i hadn't thought of it that way. So if i kept one bitcoin, at $1, and assumed a doubling rate of 10 days (a "few days" to be sure), then in about a year it should double 36 times.You guys can keep mining if you want. You can't assume that it will maintain this pace. Bitcoin muddles along for long periods, then has massive rallies when new articles are printed. |
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