Bitcoin Forum
June 24, 2024, 07:25:53 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 [285] 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 »
5681  Bitcoin / Bitcoin Discussion / Re: A Interplanetary Currency on: November 24, 2012, 04:49:48 PM
so we could inhabitate other planets later on.

There are no other planets.   And extra-solar is just too far away.

... with the currently known physics.
Not really. Extrasolar planets are accessible for colonization with 1960s technology.

http://en.wikipedia.org/wiki/Project_Orion_%28nuclear_propulsion%29#Interstellar_missions
5682  Bitcoin / Mining / Re: Is 1PEDJAibfNetJzM289oXsW1qLAgjYDjLgN trolling the bitcoin ecosystem? on: November 24, 2012, 04:06:58 PM
When dealing with people like cunicula, be sure to set it to high-range mode to avoid overloads. Smiley
I used to do this, but then I discovered the forum's "ignore" feature.
5683  Bitcoin / Bitcoin Discussion / Re: How to search who own an address ? on: November 23, 2012, 05:03:04 PM
I assume that would hide your tracks.
Except from Mt Gox...
5684  Bitcoin / Bitcoin Discussion / Re: [ANN] Pay for DDOS Protection with Bitcoin! BlackLotus on: November 22, 2012, 02:27:43 PM
Many merchants start out converting everything to USD (or other local currency), but then after some period of time start increasing the percentage they keep in BTC.
Does your fee prorate based on the percentage received in BTC vs local currency?
5685  Bitcoin / Bitcoin Discussion / Re: SSL certificates are changing on Bitcoin websites on: November 22, 2012, 02:11:38 PM
Because those of us not doing anything illegal and not being overly paranoid(*) think that using TOR is inconvenient and slow.  

(*) And that may be a significant fraction of all bitcointers.
Then people who don't want it wouldn't need to use the hidden service, but those who don't trust cloudflare would have an alternative.

You don't need to have a website behind Tor in order to use Tor to access it and protect yourself as far as I understand it..
All other things being equal a hidden service is safer, and sometimes faster, than using Tor to browse a regular web site. Traffic between your computer and a hidden service doesn't leave the internal Tor network so you aren't exposed to potentially malicious and/or congested exit nodes and (most importantly) it's impossible for an intermediate node to perform a MITM attack.
5686  Bitcoin / Bitcoin Discussion / Re: What will the state do? on: November 22, 2012, 02:05:42 PM
Maybe the OPs question should have been

"What can the state do?"

it would make for good starting point for an analyses of possible state/supra-state attack possibilities upon bitcoin.
There's plenty of documentation available about what governments do when they go full retard.

This is what's happening right now in Argentina, for example:
Quote
The government claims inflation is 9.9% and has outlawed calculating or quoting any other inflation rate. Forty percent of dollar deposits have been withdrawn from Argentina since last October. Now there are capital controls. You need special permission to move your dollars overseas.
Quote
To take a foreign vacation, Argentines have to apply to a bureaucrat for permission and explain where they got the money for the trip. And there are rumors that it will be made illegal to talk about the existence of the shadow market exchange rate for dollars.
Quote
If you pay in dollars, you could get 25% off the price of property. The government has outlawed this, making the buying and selling of real estate in dollars illegal. Just one more rule Argentines will find their way around.
Quote
The government claims that the rate of outflow has slowed. But with every passing week, companies and individuals figure out new ways to get their cash out.
Quote
But they continue to do incredibly dumb things. Two years ago, President Kirchner seized private pension accounts. Now she is going to lend $4.4 billion of this money, at a rate of one-tenth the inflation rate, to new home buyers. A lottery will decide who gets the loans – not capacity to repay.

If you want more examples this list should provide a good starting point: http://www.munknee.com/2011/03/21-countries-have-experienced-hyperinflation-in-last-25-years-is-the-u-s-next/
5687  Bitcoin / Bitcoin Discussion / Re: Happy halving day on: November 22, 2012, 04:51:14 AM
umm, simple approx. says about 6 days, 16.6 hours from nowish ... so 2100 28.11.12 UTC ... roughly speaking?
That's a reflection of how much noise is in the data, that it changed that much between when I posted and when you posted.
5688  Bitcoin / Bitcoin Discussion / Re: Happy halving day on: November 22, 2012, 04:31:18 AM
I've just started keeping track so I don't have many data points yet but I have a simple approximation based on current block and time between blocks as reported on blockchain.info.

So far my estimate falls in a six hour window on the 28th between 14:30 and 20:30 UTC.
5689  Bitcoin / Bitcoin Discussion / Re: What will the state do? on: November 22, 2012, 02:52:56 AM
Well, this is true.  Unfortunately, the per capita percentage of underground economy in the U.S. is nowhere near the levels of countries like Argentina or Ecuador.
Devaluation of the dollar hasn't yet reached the same levels those countries have experiences in their currencies.
5690  Bitcoin / Bitcoin Discussion / Re: What will the state do? on: November 22, 2012, 02:46:35 AM
The credibility of the current politicians might be low, but the credibility of the state as a religious idea, is at an all time high.
It's got nowhere to go except down. The credibility of the state is inversely proportional to the size of the informal economy, and that's not going to get smaller any time soon. Growth in the underground economy is the normal and expected response of a population to economic stress, we've seen that in every country that's had a major currency crisis.
5691  Bitcoin / Bitcoin Discussion / Re: SSL certificates are changing on Bitcoin websites on: November 22, 2012, 02:31:09 AM
Cloudflare is a US entity, and as such subject to the US PATRIOT act. Making the Web insecure pushes more people towards cloudflare, which in turn provides more opportunities for massive data surveilance by the US government. Imagine the reaction if Chinese government was trying to route as much traffic as possible through Chinese-operated infrastructure...
I still don't understand why all bitcoin-related websites don't make access via a hidden service a standard feature.
5692  Bitcoin / Bitcoin Discussion / Re: Kim Dotcom bought 5 million dollars worth of bitcoins? on: November 21, 2012, 04:40:12 AM
I don't remember the link but somewhere there's a web site that will calculate the price movement that a large order would cause based on the existing order book. The widget on bitcoincharts almost does this (but there's a better version somewhere), and using this I got that you could spend almost $5 million by buying 120020 BTC on Mt Gox.
5693  Bitcoin / Bitcoin Discussion / Re: A newbie asks - how many % of your disposable money have you in BTC? on: November 21, 2012, 04:19:37 AM
The second biggest risk is that the government declares bitcoin illegal in some way (probably saying it supports terrorism or some other kind of nonsense). Scoff all you want, but making it illegal in some fashion will scare away all of  the people you are counting on to buy your million dollar bitcoins.

The biggest risk to bitcoin is that the government will try to regulate it. Again, it doesn't matter if it is possible, or successful, or not. The result of regulation will be that most people will avoid bitcoin because it won't be worth the hassle, and your dream of million dollar bitcoins will disappear.
Not necessarily. It all depends on the circumstances surrounding the regulation.

Quote
Today, Argentina is back in a bind. There is a strong possibility of another crack-up within the next year. And then we'll have the same opportunity we had a decade ago. 
 
The signs are all there. The streets of Buenos Aires have recently seen the return of the backstreet currency exchange.
 
According to the official exchange rate, which is subject to capital controls, 4.4 pesos buys you a dollar. But on the street, people are happy to pay up to 6.7. Inflation runs at 25%. The purchasing power of an Argentine's peso savings is going down by one-quarter each year.
 
The government claims inflation is 9.9% and has outlawed calculating or quoting any other inflation rate. Forty percent of dollar deposits have been withdrawn from Argentina since last October. Now there are capital controls. You need special permission to move your dollars overseas.
 
To take a foreign vacation, Argentines have to apply to a bureaucrat for permission and explain where they got the money for the trip. And there are rumours that it will be made illegal to talk about the existence of the shadow market exchange rate for dollars.
 
But a lot of Argentines' dollars and pesos don't reside in bank accounts. Property transactions typically take place in special rooms in lawyers' offices, and they're cash deals. There's that much distrust of banks. They are fine for day-to-day things like paying your electric bill. Not for your savings, though.
 
And these transactions more often than not take place in dollars... If you pay in dollars, you could get 25% off the price of property. The government has outlawed this, making the buying and selling of real estate in dollars illegal. Just one more rule Argentines will find their way around.
 
By some reports, if an Argentine company complied with all the taxes and tariffs it faces, they would eat up more than the company's pretax profits. So the shadow economy thrives... by necessity, it seems, rather than greed to pay less tax. Middle-class day-trippers take the ferry to Uruguay to put their savings in deposit boxes. The rich spend millions on condos in Punta del Este, Uruguay.
 
For Argentines, real estate is their bank. They understand inflation and expropriation from bank and pension accounts. If they have some spare cash, they'll buy an apartment. Or a beach home across the Río de la Plata in Uruguay. Or a condo in Miami.
 
Now, fewer Argentines are using local real estate as a hedge against inflation. New construction and permit applications have fallen off a cliff. They just want their cash out.
 
The government claims that the rate of outflow has slowed. But with every passing week, companies and individuals figure out new ways to get their cash out. For instance, companies buy financial instruments locally in pesos that they immediately resell in New York for dollars.
 
Argentines have seen it all before. When a government and a banking system take your life's work with the stroke of a pen, you don't forget. If you're lucky enough to rebuild your savings, the next time you will be ready. And the harder the Argentine president, Cristina Kirchner, tries to keep assets in the country, the more they'll be siphoned out.

It's not wise to assume this scenario will never happen to the US or Europe, nor to assume the average person will just meekly obey laws when currency devaluation is bleeding them dry.
5694  Bitcoin / Legal / Re: Is stealing Bitcoins illegal? on: November 20, 2012, 05:18:51 PM
We should encourage our representatives to write laws
No.
5695  Bitcoin / Bitcoin Discussion / Re: A cunning ploy to get bars/pubs/clubs to accept bitcoin. on: November 20, 2012, 05:18:18 PM
I don't think we have the critical mass of bitcoin users needed for it to be much more than a gimmick to draw in new customers at this point.
If you live near a large metro area you can probably find enough interested people to start a Bitcoin group on meetup.com and use have meetings at the venues you'd like to convince to accept Bitcoins.
5696  Bitcoin / Bitcoin Discussion / Re: A cunning ploy to get bars/pubs/clubs to accept bitcoin. on: November 20, 2012, 04:12:05 PM
So far I can say at the very least the proprietor of the Kinkos was interested.
'

I am working on system for people like you, You would be considered a independent sales agent for Bitcoins-R-us. This will work like this,
we have a base price called a discount we charge our independent sales agents we will say .5%. The agent then signs up a merchant and he adds his discount to the base discount and it comes to 1.5%. So now the agent makes 1% of all that merchants transactions.

This is just a rough outline of it, we are still fine tuning the actual discounts and things like that.
That sounds like a good program, although I am unlikely to have time to participate because of my job.

I just want to be able to pay with Bitcoin as much as possible so it benefits me to have some literature I can drop off at the brick and mortar stores where I shop.
5697  Bitcoin / Bitcoin Discussion / Re: A cunning ploy to get bars/pubs/clubs to accept bitcoin. on: November 20, 2012, 04:43:59 AM
So far I can say at the very least the proprietor of the Kinkos was interested.
5698  Bitcoin / Bitcoin Discussion / Re: A cunning ploy to get bars/pubs/clubs to accept bitcoin. on: November 20, 2012, 01:26:22 AM
I printed out some flyers to hand out to the brick and mortar shops I frequent that explain what Bitcoin is about and how they can sign up with a payment processor to accept them.
5699  Bitcoin / Bitcoin Discussion / Re: A newbie asks - how many % of your disposable money have you in BTC? on: November 19, 2012, 05:39:36 PM
I've said before on this forum that it's premature to use bitcoins as a form of savings, but as the number of places where you can spend them increases the balances begins to shift to the other side. Another thing I look at is the possibility of (even more) draconian capital controls coming to the developed economies. There's something to be said for keeping your savings in a form that's resistant to being seized or frozen even at the risk of an unfavorable shift in the exchange rate.
5700  Other / Politics & Society / Re: Right to Work on: November 19, 2012, 04:49:01 PM
I am not anti-union, but I am suspicious over any monopoly.
Ironically many people who claim to oppose monopolies also endorse increasing the power of the largest monopoly of all.
Pages: « 1 ... 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 [285] 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!