you and bruce need to stop already
OP put up a 672 square feet bitcoin billboard by a highway. What have you done for bitcoin lately? |
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The funny thing is, the Nazis actually did the opposite of what they promised on a lot of issues. - "We demand the nationalisation of all (previous) associated industries (trusts)"
The Nazis privated key public sectors, including but not limited to: steel, mining, banking, local public utilities, shipyard, ship-lines, and railways. - "We demand a division of profits of all heavy industries."
And yet they made the largest corporations tax exempt. - "The State is to care for the elevating national health by protecting the mother and child, by outlawing child-labor, by the encouragement of physical fitness"
Child soldier is child labour. Additionally, they abolished trade unions, collective bargaining, the right to strike, and even the right to quit. |
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If you have 10 different people promoting bitcoin, then they will attract 10 different types of listeners.
But if you shut the first guy up when he tries to speak, then where will be 0 promoters.
The negative response in thread sounds like the poster hates both freedom of speech as well as bitcoin promotions. I sincerely hope that's not the case.
Instead of criticizing Alex, why not make your own videos?
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some of us here understand the value of the bitcoin distinct form the price of btc to paper money.
if you base the value of BTC in USD or some other centralized government regulated paper currency you are missing the point.
where the price becomes too low to make mining profitable, resulting in extremely slow block generation/confirmations, which will make it even worse as a form of payment, thereby hurting it's value and price further.) Why would it slow down block generation? It was 10 minutes per block with only Satoshi's computer, and it's still 10 mintutes per block with a million GPUs. |
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Mormons already except Bitcoins as donations in all their Church collection baskets - didn't you know that??!!  I just imagined a collection basket with a QR code taped to it.  I just imagined an evil-doer "donating" his smartphone into the collection basket |
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There are two types of people in the world: those who try to peg 7 billion human beings into two square holes, and those who to try to actually understand other people.
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Are there any VPN out there that accepts bitcoin payments?
Any other payment method is traceable so I know those so-called "bullet proof" VPN are bullshit when the FBI can always access their payments list with a warrant. Foreign based VPNs have too much latency.
If there isn't one yet I'll consider starting my own. I know tor is free, but it's too damn slow for general usage (at least for my tastes).
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This is the stupidest fucking thing, when I go into a store to buy groceries I don't want to be turned away because I don't have the right kind of money on me.
Funny thing is, a store can do that do you Right Now. If they so desired... Exactly. Most people don't realize that "legal tender for all debts, public charges, taxes and dues" doesn't apply when you go into a store, because you're not incurring a debt. The store owner can legally refuse to accept whatever payment you present at his sole discretion. You do incur a debt in a restaurant though, so technically speaking if you offer to pay for your meal in unrolled pennies the restaurant has no choice but to accept it. Interestingly, I've seen exits on U.S. turnpikes that only accept the system's RF transponder for payment. Do you not incur a debt when you enter a turnpike? Why are federal reserve notes not accepted in payment of this debt? I suspect that this could be legally challenged. Technically speaking they are accepting federal reserve notes, just not at the exit toll. If you get a friend to deliver the cash to their nearest office, they would be legally required to let your car through. It would probably take hours of arguments and confrontations, but it could be done. They have no right to forcibly confine you. |
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The Two Laws of All Civilization
1) Do all that you have agreed to do.
2) Do not encroach upon another's person or property.
This shall be the whole of the law.
Not really clear on the above. Let's say MoonShadow lives in a house that has access via Blueberry Street. Next to him is a large lot owned by MysteriousMan. MysteriousMan brings in earthmoving equipment one day, and commences grading. Up goes a factory, shipping and receiving docks, and machinery for metal stamping, operated by compressed air. The machinery and compressors run all day and night. Trucks come and go all night long. MysteriousMan never signed any contracts with MoonShadow. He never entered into any agreements with MoonShadow. Nonetheless, MoonShadow's life is now miserable. He attempts to retain legal counsel and file a lawsuit through the biggest private court system there is. Along the way, he discovers that his court of choice happens to have MysteriousMan as a big customer - I mean, they do a lot of business with MysteriousMan. Bummer. Anyway, as it turns out, MysteriousMan is one of those semi rare types who just doesn't care about respecting the rights of others. I personally couldn't just do that to a neighbor, but you know how it goes. Some people can and do. Guess what? MysteriousMan, being the big conglomerate he is, naturally saw fit to have one of his companies buy Blueberry Street prior to building his factory. It only makes sense. Fortunately, MoonShadow has a ten year contract on the tolls and rates required to use the road. Unfortunately, the contract expires in six months. Bummer. MoonShadow wants to move. Unfortunately, his home value is sliding like crazy, and he doesn't know exactly what to do. Court seems the only option. As it turns out, MysteriousMan is probably even a bigger asshole than you can imagine. You see, it's just not profitable to pay out to every resident who puts up a fuss - there are just too many of them. He employs a number of strategies: - Don't pay at all. I mean, what's going to happen? Are men in blue suits going to show up and kidnap him? That's not acceptable! How dare he be forced to pay for doing what he wants on his own land! It's as if he's being regulated. - Sometimes a beheaded head shows up in the refrigerator of the most annoying and bothersome individuals. It's just business - don't take it personally. - Sometimes, he'll just buy your property, at 66 percent its former value. Just go away. Let's take a look at what MysteriousMan has done here. He makes a lot of noise. His trucks create potholes, make the street unsafe, and make noise. But that's not aggression. It's not trespassing. And regarding the trucks - it's his street. As for the noise, it doesn't really affect people beyond a certain range, so there isn't much opportunity for a class action lawsuit. What about a boycott? Won't work. MysteriousMan sells his stuff on the other side of the world through a different name and company. As for the beheaded head? Well, as it turns out, it just happened to be an acquaintance of MoonShadow's, whom certain individuals noticed some extremely angry words transpire between the two the day before. Scary stuff. Anyway, MysteriousMan is a fictional character that embodies a lot of elements from real people and organizations out there in the real world. So let me get this straight, you're arguing that this noise-polluting, criminal-hiring, extortionist mega-conglomerate can survive for more than a quarter in the free market? Without government bailouts this corporation won't last more than a month. |
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This is the stupidest fucking thing, when I go into a store to buy groceries I don't want to be turned away because I don't have the right kind of money on me.
Funny thing is, a store can do that do you Right Now. If they so desired... Exactly. Most people don't realize that "legal tender for all debts, public charges, taxes and dues" doesn't apply when you go into a store, because you're not incurring a debt. The store owner can legally refuse to accept whatever payment you present at his sole discretion. You do incur a debt in a restaurant though, so technically speaking if you offer to pay for your meal in unrolled pennies the restaurant has no choice but to accept it. |
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I don't get it. Why do you need their permission, but they don't need yours?
They have guns, tanks, aircraft carriers, and thermonuclear weapons. I have nothing. |
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Wouldn't this make the bitcoin supply infinite? IIRC the geometrically decreasing rewards is the only thing limiting the total bitcoin supply to 21 million.
At least it'll shut the "the hard limit of 21 million limits bitcoin's usefulness" crowd up.
They can change the algorithm to keep the 21 million limit, and the block reward close to 50BTC for the foreseeable future, for example by adopting Pieter Wuille's curve. Instead of halving to 25 the reward drops gradually to 44 BTC after a half a year, and 39 BTC after a year. So they skew the curve to mine the coins faster than normal, and leave a smaller profit for miners of the future. They can change the algorithm, I agree, but they won't. If this hypothetical group of rouge miners collectively vetoes Satoshi's original algorithm to protect their profits, then they will also veto any other algorithm which threatens their profits. In other words, if they collectively chose to reject Satoshi's curve, then it logically follows that they will reject Pieter Wuille's curve. No offense to Pieter Wuille, but he's a nobody compared to Satoshi. Satoshi is literally the God of bitcoin. If the miners can reject the Word of God then they can reject any other community member's suggestion. Also, assuming the reward remains constant, an infinite expansion is not that bad. After 25 years of constant 50BTC/block expansion the total annual liquidity injected by miners falls bellow 4% of the outstanding monetary base, and that's much less than the FED is printing nowadays. The rebels could also implement a Friedmanian exponential expansion: 50 BTC for 25 years, and then 4% per year expansion after that: 52BTC in the 26th year, 54.1 in the 27 year, etc. This keeps the mining revenue a constant fraction of the monetary base and it's actually quite sound from a macro perspective, albeit inflationary.
I'm no fan of the global fiat printing consortium, but a little expansion of the money supply is definitely a good thing. It's even better when said expansion is: 1. Algorithmically determined (as opposed to a secret cabal of bankers) 2. Completely public (M3 anyone?) 3. Democratically chosen (don't like 4%? Get 51% of miners to join you and fork the chain. Quickest election in human history, with global participation) This keeps the mining revenue a constant fraction of the monetary base and it's actually quite sound from a macro perspective, albeit inflationary.
Someone correct me if I'm wrong, but inflation only occur when the growth of the money supply outpaces the growth of the economy. As per point #3 above, the democratic process will keep the bitcoin growth closely matching the bitcoin economy growth. When the two growth rate equal each other, zero inflation will result. Personally I think this solution is much better than both the Fed and Satoshi's 21 million hard limit. If my understanding of the Austrian school is correct, they're against government-sponsored inflation, not growth of the money supply itself. I wager that the Austrian economists would rank this laissez faire scheme to grow the money supply higher than Satoshi's deflationary measures. |
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Wouldn't this make the bitcoin supply infinite? IIRC the geometrically decreasing rewards is the only thing limiting the total bitcoin supply to 21 million.
At least it'll shut the "the hard limit of 21 million limits bitcoin's usefulness" crowd up.
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i'm not saying ditch the URL i'm saying include a QR for simplicity  wallstreetbtc sounds good to me but i like operationbit.co.in better My bad, I misunderstood. +1 for the hash directly. The less we rely on online wallets, the better. This way we don't even need an escrow account to accept donations. Anyone who wants to donate simply sends themselves X BTC, and then export that private key from their wallet. This private key goes straight onto the card in the form of a QR code. |
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A buisness card is sufficent to hold a fairly complex QR, at inch and a half square you can scan a QR contatining 250 characters which would be more than enough to hold a complete hash even if only the first 8-12 characters are shown on it. perhaps both firstbits and bitpay could be of some assistance with this project?
Not everyone has the equipment necessary to scan QR codes, unfortunately. More so if they protest at anti-corporate rallies. If it's a URL then they can redeem it at a public computer if they don't own a computer or smartphone. |
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@iamzill
They sell bitcoins on eBay for twice the price they normally are. But that's at the risk of selling them via PayPal.
Those sales on ebay are either scams will never go through (only idiots would pay $10 when they can pay $5). I'm talking about 0 risk transactions here that have huge liquidity and thus happen instantaneously. Just imagine merchant A = mtgox. |
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Great idea, but I would assume printing companies would charge much more when printing 1 copy of 10k designs versus printing 10k copies of 1 design (this is just my assumption as an outsider).
Maybe we should just run a server side script that gives out X BTC per IP address. Sure some assholes will game the system, but those same assholes would be hogging/stealing the unique codes anyways. In fact using the server-side method is probably safer for the volunteers who hand out the cards. Just my 2 satoshis.
Put up a donation address already! Every 10 card given out will at least generate one more bitcoin fanatic, and it only costs 0.1 BTC + printing costs. If that's not a good investment I don't know what is.
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Large orders influence markets. Film at 11.
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When the revenue drops bellow the energy bill you must stop mining immediately. There's no point in buying overpriced bitcoins via your energy bill when you can buy them cheaper on the market. If you would eventually turn a profit by continuing mining, you stand to gain even more by stopping mining and buying coins on the market (because you can buy more for the same money spent on electricity; or buy the same amount as you would have mined, and pocket the dollar difference).
Profits from predicting the future price of bitcoins are speculative, the revenue for mining is simple arithmetic. Can't believe people still fail at this after the topic has been talked to death in hundreds of threads. Right..... I totally fail at this topic. Of course future Bitcoin price is speculative! That doesn't mean a miner "must stop mining immediately." I very clearly targeted people who BELIEVE the price of Bitcoin will once again rise above energy costs. If you want no risk income, well, you probably wouldn't have started mining at all, since the original hardware investment would've been a risk. If your hardware is paid off and you only want a guaranteed return, sure by all means, stop mining. But if you're like many of the rest of us, who BELIEVE bitcoins will one day be much, much more valuable, to stop mining now would be to miss the opportunity for more coins. Every investment involves weighing risks and rewards. This is no exception. -Jix If merchant A is selling bitcoins for $5 and merchant B is selling bitcoins for $6, which one would you buy from? If merchant A is selling bitcoins for $5 and merchant B is selling bitcoins for $6, but you spent $2000 to get a premium account at merchant B, which one would you buy from? (Remember, if you don't use that premium account you're wasting your $2000 investment) If merchant A is selling bitcoins for $5 and your miner is producing Bitcoins at a cost of $6/BTC, would you mine or buy? If merchant A is selling bitcoins for $5 and your miner is producing Bitcoins at a cost of $6/BTC, and you've put in $2000 in your rig, would you mine or buy? |
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