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Interesting. It says "small payments" but doesn't give details. I'd guess they get raped by fees. Maybe he starts by paying their phone bills though.
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Hahaha! Expect, I know as a fact that 0.5 bitcoins are missing as my friend used the bitcoin faucet, but then forgot to backup his PC and he reinstalled Windows.
But now that we know this we will bid up the price. See 1.25M already. |
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You know what would be cool, is if the proof-of-work did more than just waste electricity. For example, if it did something like protein folding simulations or SETI. If you're trading BitCoins for CPU cycles, it might as well be doing something useful.
It would actually create value, instead of just wasting energy like it currently does. It would make money flow into the system for actual work.1
Otherwise, if this takes off, it seems like it will just be a big waste of energy. Aren't we already short enough on energy?
Using a resource for a desired purpose is the opposite of waste. If you have a better purpose for a resource then you won't use it for securing the network you'll use it for the better purpose, so will everyone else, don't worry about that. Cost <> Waste. |
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I think ShadowOfHarbringer is alluding to the fact that if all the bitcoins were sold at once, it would depress the price below the current price, so that $1 million wouldn't actually be achieved.
Of course it's impossible that everyone would sell their bitcoins at once, and this kind of thinking doesn't stop people talking about the "total stock market capitalization" of a company even though it's equally theoretical.
Of course if you tried to buy them all at once it would cost way more than $1M. It's not a useful measure for anything serious, kind of like measuring GDP in dollars. |
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I'd like to offer $5 on PS [...]
PS  Sorry, PS=Poker Stars. Fixed in OP now. |
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Old offer (11/5): I buy Bitcoins with my Poker Stars at a rate of $.20/BTC, up to $500. $5 minimum.
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I'd like to offer $5 on Poker Stars for 10BTC to the first 10 people to claim it. One per person. Only accounts registered before to day are eligible. I'll do this until Monday or until 10 people take it. Send to: <a href=' bitcoin:?addr=1GNHHu6NNbEH9gT4719WXrJKotRoba7ACz' id='lnk01GNHHu6NNbEH9gT4719WXrJKotRoba7ACz'>1GNHHu6NNbEH9gT4719WXrJKotRoba7ACz</a> and PM me your PS screen name. |
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you should charge 1 btc per bid, whether it wins or not  I doubt it would change anything. It would not discourage dishonnest bidders, while annoying the honnest ones. Imo. There is a site(s) that charge per bid and force you to only bid in tiny increments. TVs and stuff go for 1/2 price or less sometimes, but the site makes 10x on each item because of all the tiny fees. It's kind scammy, but pretty clever. |
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you should charge 1 btc per bid, whether it wins or not And force people to bid in increments of 0.2 ;-) |
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What if you said "only you have the keys," giving ownership/control to the person, rather than the computer? I've been struggling with that person/computer dichotomy the whole way through. I would like to always say "you" instead of "your computer". It's more human, more friendly, more understandable, and yet ... sometimes it just isn't true. The keys really are on your computer. Sure, if you manually back them up onto a USB drive and put that in your pocket, then "you" have the keys. But so does anyone who steals your computer, so I can't really say that " only you" have the keys. I don't know. Would you feel strange saying "you have the dollar" when actually anyone who gets your wallet will have it? |
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I think people will find it cool that having coins means actually having the keys in a file on your computer.
I agree, but I want to say that elsewhere. Perhaps in a part entitled "HOW BITCOIN WORKS". Something like this: "You don't need to have your Bitcoin software running when someone
sends you coins. The network records the transaction, but only your
computer has the keys to spend the coins."That's good. The assumption that if the coins are on your computer then you need to run to receive is a pretty simple one to make. Good to clear that up. |
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That sucks, Ribuk. Did you know the whole time or were you not even checking the forums?
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Where do they store the gold you bought? If its in bank they can confiscate it  #1 - The first rule of Fight Club is, you do not talk about Fight Club. #2 - The second rule of Fight Club is, you DO NOT talk about Fight Club. Similarly: #1 - The first rule of the Gold Club is, you do not tell anyone you have gold or where you hide it. #2 - The second rule fo the Gold Club is, you DO NOT tell anyone you have gold or where you hide it.  Yeah, I was just kidding, I don't have any gold. If I did I wouldn't leave it with strangers though. |
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edit: oddly, I get some links now. I didn't change anything. Your address on this page is not linking, but bitcoin watch is now. And some other forum signature addresses are now too.
Yeah, I'm getting the same thing. Weird. The signatures usually all work for me. I've got a few tweaks in my head that might help the success rate of recognizing addresses. Can someone do this sort of stuff using a greasemonkey script for firefox or is that not possible?
I was planning on porting this over to a Firefox extension at some point. Most of the code should work just about as-is, but the structure is a lot different, from what I understand. I've never worked with Firefox/greasemonkey. Your addy is linking up now. Is it learning? :-) |
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... should in theory have no effect on the exchange rate whatsoever because predictability approaches 100% the closer you get to the adjustment.
Doesn't that just mean that the effect on the exchange rate will be predictable rather than nil? I'm pretty sure the causality runs the other way. If price goes up it becomes profitable for marginal producers to come on line driving up difficulty. Of course people might infer from a jump in difficulty that interest in bitcoin is growing and that could cause a price increase. |
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Obviously a 5 minute spike down at 2:30 isn't different than one at 2:58, so is two hourly closes implied or something?
Honestly, I can't see how it makes much difference whether the price stays down for 45 minutes or for 2:45 on something as thin as mtgox.
Not that it isn't a great market, I just think reading anything from hourly closes is hard considering that whether I check the market before I go to bed or not can change that.
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Nope, no links. Just the "send bitcoins" when I right click.
edit: oddly, I get some links now. I didn't change anything. Your address on this page is not linking, but bitcoin watch is now. And some other forum signature addresses are now too.
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The third time I used it the text was all white. I'm highlighting the addy at the bottom of bitcoinwatch, so you can test and see if it's just me or not.
By white I mean invisible, but there since I can highlight it.
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I made the bitocin.conf in the right place, and started it with -server and it tells me I need to make bitcoin.conf with rpcpassword=<password> I did that both with the "<" and without. It also told me to make it owner read only, and I don't know if I did that successfully or not, is that important? Is there a simple way to get it right?
Is this a windows machine? I ran into this on one running XP and nothing I did with the file seemed to satisfy it. I did get it to work by specifying them on the command line: bitcoin -server -rpcuser=mylogin -rpcpassword=mypass The file worked perfectly on a different XP machine, so I'm not sure what the issue is. Until now I just thought I was crazy It worked! I sent you 5BTC using it. I'm using windows 7. |
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I liquidated my small IRA and bought gold starting ~2.5 years ago, move of the decade imo. Don't hold stranger's promises, they'll be good until you actually need them.
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