Okay... got all the kinks and whatnot I think... I sell Golden Mean Calipers for Bitcoins http://www.goldenmeancalipers.com Which I make myself, in my basement in New Zealand  How do they work? |
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The rate of this change is fairly key to the discussion. If the change from bitcoins to milli-bitcoins happens over a couple of generations, fine. If it happens in the space of 10 years, that's a problem. The rate of Bitcoin adoption is pretty key, too. I suspect that the rate of deflation will decrease with the rate of newcomers over time. |
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..why should BitLex pay for steven's mistakes? Wasn't it BetLex's mistake to lend to stevenbucks in the first place? |
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I think it would be nice if the client would calculate the probability of a transaction going through in the next block for a given transaction fee, as specified by the user. The user would then have the necessary information to select a suitable fee.
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I'm not a economic genius, I get all messed up with currencies, exchanges, and so on. But I think it would be a good discussion to think in a stockmarket ruled by bitcoins, if there's a way to do it (if this is not done already)
I'm not a computer geek too, so if there's one here, I propose you to create a software (or something) to simulate (or to truly execute) stockmarketing throught bitcoins.
I might be talkin' bullshit, but whatever
Corporations would have to sell shares for bitcoins. |
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We live and learn...
Indeed. Unfortunately it seems that stevenbucks crossed the only folks he ever worked for, so now he'll have trouble with references. |
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Americans used to describe their currency in cents. Then as it inflated, people came to refer to dollars, Benjamins, and grands. Same thing with Bitcoin, except the trends will follow deflation.
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Also people should not lend more than they can afford to lose( to the lenders, including me)
And not lend for the purpose of gambling. What were you guys thinking? When you lend money, you're gambling that you'll get it back. I find it funny that stevenbucks lost the funds to gambling himself. |
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You don't need to explain that, your resistance only makes me harder.
I get a boner every time I log on. |
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The average guy on the street has no idea what scientific notation is.
Nor does the average guy know that the calories on your foods' nutrition labels is actually kilocalories. If a pint should ever cost 0.005 BTC, your bartender will ask you for "five mills" or something like that. He won't say "five thousandths of a bitcoin". But if you're a merchant, you gotta post a price next to your product. I'd rather there were 10 trillion bitcoins in circulation and I could post a price mostly in integers that my customers would understand.
If you ever have to sell something for millibitcoins, other merchants will probably have to do the same and customers will just come to expect it. <inner physics teacher>Always include units though.</inner physics teacher> |
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Why can't you just pay them back?
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I just become aware of Bitcoin this week watching "Security Now" at Twit.tv. The main question I have about the system is why was 21 million bitcoins selected as the final cap? Why not something more "round" like 100 million or 1 billion? And why such a relatively small number? I understand about the 8 decimal places giving you essentially 2.1 quadrillion tradeable units. But the general public is not used to dealing with more than 2 decimal places in their currency. If the system took off to even the size of PayPal alone, a single bitcoin is going to be worth some huge number and we're all going to be buying things priced at inconvenient amounts like 0.00023, etc., right? 0.00023 BTC = 0.23 mBTC. |
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Why would they even care?
Unless there's lulz to be had, your challenge will be an utter failure.
True. We already know that a motivated attacker has several ways to screw with BitCoin. Asking people to break the production network isn't going to achieve anything other than hurting BitCoin, which we don't want, right? But we don't want a vulnerable currency either, right? |
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What might attract Anonymous to such a challenge? Perhaps a blurb on the ED article stating that not even Anonymous can break Bitcoin.
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What about challenging Anonymous to break Bitcoin. Such an effort could help developers find vulnerabilities and make Bitcoin stronger in the long run.
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FatherMcGruder... I thought that to, but if you click on the "Pay with Bitcoin" button it says To make a payment using the Bitcoin software, you need to generate a new temporary payment address below. The Bitcoin address will change for each payment that you make with this service. Do not ever reuse a temporary payment address or your Bitcoins may get lost.
So it looks like you can generate your own code, send money to it, then send me the code... maybe... i dont know. Someone correct me if I'm wrong, because I don't use MyBitcoin.com, but I'm pretty sure that's MyBitcoin.com telling the buyer where to send the bitcoins. The bitcoins he sends to that address go to your MyBitcoin account. The reason it generates a new address is to keep track of the payments. |
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...you can send me a PM with the payment code you generated. I hope I'm not confusing you here, but the buyer doesn't provide a code. He just tells you where to send the gift card, and you tell him where to send his bitcoins by giving him a bitcoin address. |
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I own a tea store and am interested in accepting bitcoins for online orders. I think the best way would be to sell $20 gift cards for a certain amount of bitcoins. Then the customer could use the gift card when checking out at the store. This would mean I would not have to develop any software to integrate into my shopping cart. I just heard about bitcoins about 20 min ago, so I would like some feedback. Are other online retailers accepting bitcoins, and what is the accepted exchange rate? Also how do you keep track of your bitcoins? I have downloaded the software and have it running on my laptop. Thanks for any feedback and suggestions. David Edwards President, NM Tea Co. Inc. www.nmteaco.comNice. You can see a list of vendors that accept bitcoins here. No single person decides the exchange rates between bitcoins and other currencies. People just buy and sell according to their own valuation of it. If no one agrees with you, you'll have no one to exchange with. Exchange sites like Mt. Gox and Bitcoin Central display the prevailing rates at which people trade bitcoin for other currencies. People keep track of their bitcoins with either the client or with the help of a site like mybitcoin.com. Are people interested in having retailers accept bitcoins directly, or is everyone just trying to generate them in-order to exchange them for cash through the exchange market? The more retailers that accept it the better. Paypal and similar services are no fun. |
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"Bitcoinage". That's a new one. Any consensus on how and when to properly use it? Also. |
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I was really impressed with the job Anonymous did on HBGary Federal. Could they help to propagate Bitcoin? Could Anonymous find Bitcoin useful? Stupid question? We could always move the thread to off-topic and just talk about Anonymous.
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