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Thank you for running a node! I have a piece of crap Linux box at home that basically only runs a bitcoin node and TOR. It's not very exciting to look at, but I feel good contributing directly to these networks.
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UPDATE:
well I finally got around to checking prices at the Obama care website. I did find a better plan for less money, about $200/month better. I'm buying it tonight. So even though the website exploded on the launchpad, it did save me a lot of money.
Ooops - looks like you are joining the Communist hordes then! Like all good communists, I did it to increase my personal income and fund business ventures.  |
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so it is written in the source code of bitcoin-0.8.6-win32-setup.exe ...right ?
Even into the protocol itself. Other non-official clients must obey the rule also. One of the most powerful things about bitcoin is that it is open source. That means anyone can read the source and confirm how it functions. Most software is proprietary and you must trust the programmer to have not put anything malicious into the code. Whereas open source software has nothing to hide and trust is not required. |
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Given the choice between the two, I can see no reason at all to use PayPal.
Hmmm.... at this point, it is pretty immature to claim that there is no advantage in using Paypal. It is easy to fund your account, and PP is accepted by 99% of the online merchants. I see your point. Most places don't take bitcoin and so I use bank cards, etc. more than bitcoin. However "given the choice" I would and do use BTC. In the future I expect many more outlets to accept it. |
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Why should his opinion mean anything to me? Because he is in the Army? I know far more about guns than most officers.
His opinion has more weight than yours because M1 Abrams. The only shield that keeps you safe from using it against you is not your knowledge of guns, but the US Constitution. ... and my knowledge of the M1A1 weapons platform.  Frankly, I would be more afraid of an MRAP or an MQ9.  |
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I'm a liberal gun rights activist. And I could care less about how the world views me.  |
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All this is why China does not want it's banks speculating on bitcoin. remember that when banks speculate they do it with other peoples money. When there is a crash and they are not properly hedged you may be the one holding the bag.
I am sure that Wall Street will do a good job of pumping up the price before "crashing." Hence why it is probably wise to have some sort of plan on cashing some coin out along the way. I am all for holding long term, but with Big Money involved we need to be wise enough to expect some of their games for sure. All that said, now is still a great time to buy!  +1 I think it will be a wild ride. My strategy is diversifying my assets at certain benchmarks. So if i hit a million, I take out $100k and buy real estate or gold, something. |
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A lot of people are confused by this, but the denomination is irrelevant. It is more like a big pie. You are buying a slice of that pie and if you had a small slice of pie no one would say "that is not a slice of pie, pie slices are big." It should not matter if you are buying BTC100 or BTC0.0001, it is still a slice of pie.
Well it is very relevant. The mass adoption depend mostly on that specific point. People don't care about logic. They don't want the idea of a slice of a pie, they want a Bitcoin or 10 Bitcoins, something they can count with their damn fingers. I think your right, I just know better myself. I helped someone last week buy their first bitcoin. No matter what I said, the person wanted 1 bitcoin.  P.S. I know this is heresy, but we could just move the decimal point and say that 0.001 is now 1.0. Everyone would suddenly have more bitcoin, but the same slice of pie. |
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The only thing backing any currency system is faith. Gold is just a shinny rock, fiat is just fancy paper. Bitcoin has more faith behind it than ever, and perhaps the opposite could be said of fiat.
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If a bank did buy up all the coins they could, what would they have then? How would it benefit them?
Benefit is preventing the regular money loose trust and current international monetary system fail. They just need to Buy all the BTC coins tranfer it to a single wallet and destroy the wallet file (private key). They could not buy all the bitcoins, so their plan fails there. If somehow they convinced everyone to sell (impossible, but we'll go with this fanciful scenario again for the 1000th time), they'd be left with worthless bitcoins, everyone else would be left with whatever they bought them for. Then we'd start mining on Bitoin v2.0 with all the mining gear still out there, and the banks would have to repeat the process. Good answer, this is sort of the confirmation I was looking for. +1 I would also add that banks do not buy then destroy money. They are only interested in profit. If there is no reasonable chance of profit, it is not a plan they are interested in. How would they face their shareholders and tell them their money was spent throwing away bitcoins? And that they have nothing to show for their efforts except a higher value on the money they wasted. |
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All this is why China does not want it's banks speculating on bitcoin. remember that when banks speculate they do it with other peoples money. When there is a crash and they are not properly hedged you may be the one holding the bag.
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A lot of people are confused by this, but the denomination is irrelevant. It is more like a big pie. You are buying a slice of that pie and if you had a small slice of pie no one would say "that is not a slice of pie, pie slices are big." It should not matter if you are buying BTC100 or BTC0.0001, it is still a slice of pie.
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What evidence is there that bitcoin is more likely to be used in a drug sale than the $USD?
There is none. Just look at all the destruction and vice you can buy with the $: guns and bombs and drugs and porn and sex and hitmen etc etc. Far easier to procure those things with fiat than it is crypto. That's my assumption also. I buy things all the time in bitcoin. (over $12k this week alone). But I have never bought drugs with bitcoin. |
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What evidence is there that bitcoin is more likely to be used in a drug sale than the $USD?
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Read the OP
Banksters start to patent the technology bitcoin uses, anyone using bitcoin is then violating said patents if purchasing goods and services electronically with anything other than JPMoron "shitcoin" then the company selling is also violating them and gets sued.
There is nothing for JPM to patent that could stop bitcoin. And their system appears to be very different, other than it is digital money. They can patent their work, not Satoshi's. I don't see a threat here. |
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... and no company would touch your btc with a bargepole for fear of being sued into oblivion - that is the issue.
At the end of the day, if you can't use your btc for anything you have to start asking what use are they.
Not sure I follow. Who would get sued?, and why? |
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They don't have a chance at competing with bitcoin.
Unless...
This is going to be a free service and...
is decentralized and ...
is open source.
Otherwise, how is this different from any online banking scheme? They sell their money for a fee and retain it at their server for a fee, then let you use it for a fee. They control the price, the supply and the rules for use.
I wouldn't touch them with a 10, no a 20 ft. pole.
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UPDATE:
well I finally got around to checking prices at the Obama care website. I did find a better plan for less money, about $200/month better. I'm buying it tonight. So even though the website exploded on the launchpad, it did save me a lot of money.
I am curious, what does this mean exactly? Is it a way for the US government to sort of take credit for you finding a cheaper plan? Could you have done the same thing by just calling and checking several insurance companies? I'm not sure. I think the website is just a central place to compare plans, plans you could also get directly from the insurance company. Once the site was working it was easy to compare plans. But all I really care about is that next year I have an extra $2.5K to spend. |
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Hi all. Welcome, and thanks in advance for your contributions to the community. |
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Given the choice between the two, I can see no reason at all to use PayPal.
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