Thanks for posting this. Until I have good reason to do otherwise, this, my first Keiser experience, will also be my last. |
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Lol. You're going to need a lot more consensus than the foundation could muster for that one!
How did the foundation go from being a "hey guys let's pitch in and get Gavin a salary (and generally put our heads together to promote Bitcoin technology)" foundation to a multi billion-dollar conspiracy organization?
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There's way worse things about the "foundation" than that.
There's still no legal mailing adress. There's no privacy policy even though they gather personal data on the "join us" pages. They are accepting "donations" but there's no information on the tax status of this... company?/non-profit?/for-profit?/what the hell are they even?
The privacy policy is an important point. Thank you for mentioning it. Same with the tax status. Do you hade a back ground in this sort of thing? I think we could use someone who knows something about this. The foundation has a lot of work to do in addition to advancing Bitcoin. But bear in mind, the vast majority of the foundation membrrs are just like the members here...except we paid $30 (about 1/3 if what you would pay to join the Linux foundation). I will put it on the agenda. Many thanks. |
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ᗸ <--- that's how the double strike though B is viewed on many machines.
The ฿ is Thailand's currency and my problem with the double strike though is that it is easily confused with this one.
I really need what would be considered the bitcoin symbol, something that exists in the Unicode standard world
There has been a lot of good discussion on this topic over the years. I'm more interested in the Bitcoin logo...if you look at big companies (or even new ones like BitInstant or bitpay), they're logos are way cooler... |
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Looks like there is a lot of source material to work with. I'm not exactly sure what historians do with historical data, and preservation is important to be sure, but, there's got to be a lot more to it than that (I confess, I'm woefully undereducated in history and most of the humanities). I'm sure with a community as big as ours, we have folks experienced in this sort of thing. |
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The MNW bet deserves a mention.
I think we should have a child board dedicated to preserving our history. Anyone feel the same?
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These are pretty good for names but I would simply say.
1 BTC is one Barter Token or Bitcoin.
0.00000001 is a Satoshi
100 Satoshi is a Nakamoto or a Nak (pronounced "Knock") 0.00000100 BTC
A bitcoin is 1 million Naks.
It is 4/23/2013 and $1.00 gets you 7143 Naks. Some people are afraid to buy at $140 per Bitcoin because the number scares them. The Nak could calm people down.
Think of a movie of the Zimbabwe economy or the Weimar Republic RUNNING BACKWARDS.
Play money in 2009 is now a substantial global currency.
Some day the Nak will reach parity with the Dollar as the penny and Satoshi head toward each other in value.
Ron.
I'm all for honoring Hal Finney ( https://bitcointalk.org/index.php?topic=155054.0). I think 100 Satoshi's or 1 milliBitcoin to be called a Finney or "Fin" would be appropriate. |
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Can anyone make an introduction for me to some of the older members? I'd like to interview them about the history of the Bitcoin.
There is no "the Bitcoin", it is simply Bitcoin. When used to refer to the blockchain, protocol or underlying technology it is referred to as Bitcoin (upper case 'B'). When referring to the value of the currency then it is referred to as bitcoin or bitcoins (lower case 'b') like one would refer to dollars with a lower case 'd'. We do speak of _the_ Dollar though...For example, one would never say, I'm writing about the history of Dollar  But I agree, we often rephrase things to avoid placing a "the" before Bitcoin ("I'm writing about Bitcoin history," for example). And we do use Bitcoin to mean something very different from bitcoin or bitcoins. |
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If a bitcoin is not worth anything, it would take an awful lot of it to pay someone A valueless bitcoin wouldn't be very useful. Also, the payment processing network of Bitcoin is the "heavy lifting". If fees generated by the network (in bitcoin) aren't worth anything, then there is no reason to do the heavy lifting. The store of value aspect of Bitcoin is by far computationally easier. Why mess around with a robust payment network that could generate lots and lots of transactions (and associated fees) when you can just take a bigger percentage fee from the occasional massive value transaction the comes through? You wouldn't have to buy new hardware to run the network. IMHO, the best path forward for Bitcoin is to be a massive payment processing network where the actual bitcoins being processed are the stored value units. This whole block reward thing is just to help get us there -- the reward is not most important part -- it's like a government subsidy to pay people to build the processing network. I certainly hope some day there are enough transactions for the fees to be bigger than the current 25BTC block reward. But, that'll take lots and lots of transactions. You'd need about 400 tx/sec paying 0.0001 BTC to get to 25 BTC in fees...with the current limit of about 7 tx/sec, you'd need a fee of roughly 60x that, about 0.006 BTC, to get there. That's about $0.60 at current prices and prohibitively expensive for regular folk if Bitcoin were, say, $10,000 each. If Bitcoin were designed to truly replicated the credit card industry, though, the fee would be a fixed percentage of the amount transmitted (like how Visa does it) rather than scaling (piecewise) linearly with the size of the transaction (size as in bytes, not bucks). |
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I left a review. Well done.
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When you send BTC the remainder goes to a new address.
Newbie here. Let's assume I have 3 addresses and 10 bitcoins are in only one (two others are empty). Does it mean that when I send 1 BTC to a friend of mine, 9 bitcoins will be automatically sent to either of the remaining addresses of mine? Thanks Or to a new one you didn't even know existed in your wallet (there are many change addresses pre-computed in your wallet). Some have lost money by not understanding this concept and only having backups of the addresses they knew about. The way these change addresses were pre-computed was changed in bitcoinqt to make this less of a problem. |
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Bitcoin cares nothing for energy. If computation cost next to nothing in terms of energy, the price of Bitcoin wouldn't go down. Bitcoin is useful because it has a payment network attached to a mint and a bank and the equivalent of a secret service agent validating that every transaction is not counterfeit. The more computational power securing this whole process, the better, regardless of the electric bill.
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Zero-coin type anonymity. A Bitcoin network that can handle huge transaction volumes (think 1000x more transaction volumes than we do now). We will need a good pruning and many high speed validating nodes.
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There are at least 100 good stories. Probably 1000. Here are some events at random (kids screaming): Satoshi's cypher punk release post. Hal Finney's receiving the first transaction (which he wrote about here: https://bitcointalk.org/index.php?topic=155054.0). MyBitcoins.com. 10kBTC pizza. Knightsmb making people crap their pants with his screen shot. Zhou tong. Pirate. Glbse. BitBills.com. Mike Caldwell Casascius coins, including the typo. The slashdottings. June 2011. There are so so many more. |
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Just to put this to bed, and to allay any fears of new to bitcoin people reading my terror filled lesson. I have all of my Bitcoins.
I was unaware of the fact that the bitcoin client auto sends the remainder to a different address.
Thank you to all who helped and sent PM's of concern. The bitcoin community although seemingly arrogant and gruff at times has a good heart and helps when needed.
Again, thank you and all is well.
Strong work all. We have a good community. Glad your coins are safe. Now you've got a good story to tell...a story with a lesson too! I made the same mistake in my early days. |
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"Udemy would like to access your public profile, friend list, email address, birthday, work history, education history, interests, current city, personal description, likes and your friends' interests, personal descriptions and likes." In addition they want to post to any friends. Are you sure that is all you need?
It needs none of that. But, if you're lazy, that's the easiest thing to do. It's what I did. I'm lazy. Yes, that is why you never enter that info into Facebook to begin with so there I no issue about clicking through. I have friends. I'm too lazy to make a shadow account. I'm a busy fella. I don't always need great privacy. |
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