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I'd buy some if I hadn't had so much success recently with not eating sugary things...
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What help can we provide? There is nothing we can do.
We can't even be sure of which threads to believe or not in most cases. I'm dead serious. 17.18 BTC was just stolen from me. I don't know who did it, but it happened, while the money was sitting in my MtGox account. I think you're probably telling the truth but I can't independently verify it and can't do anything about it anyway. I was just throwing that in to reinforce the comment of the person I replied to. |
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What help can we provide? There is nothing we can do.
We can't even be sure of which threads to believe or not in most cases. |
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I seriously doubt that any politician anywhere is going to take serious action to shut down a method by which they could receive untraceable bribes and kickbacks. They'll make a big scene and emit a lot of hot air but the existence of something like Bitcoin is too useful to get rid of.
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Consider two scenarios:
A politician becomes aware of a new technology that is capable of enabling instant, anonymous transfers of bribes and kickbacks. Upon considering the implications of this development he -
a) immediately marshals the resources of the State to eliminate this software are quickly and thoroughly as possible.
b) is overcome with a sudden surge of appreciation for the free market and proposes only token, ineffective regulation, if any.
Which scenario requires less suspension of disbelief?
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Sorry about that. It should be fixed now.
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 Donkey Kong, the 1981 Nintendo classic, exists in the upper echelon of Arcade Classics. This timeless arcade game was and still is one the most popular games ever made. Donkey Kong also has an impressive legacy that still exists in console games of today. Donkey Kong features the first appearance of Mario, (Mario wasn't officially named until Donkey Kong Jr.) who inspired countless games. It also features its namesake, the misunderstood giant ape: Donkey Kong. Donkey Kong has kidnapped Mario's girlfriend, Pauline. And Kong will stop at nothing to keep Mario from getting her back. The first level involves Donkey Kong rolling barrels down declined red steel girders. Mario must jump the barrels or smash them with the hammer, while he climbs up the various ladders to the top, where Pauline is held captive. The next level is similar, with ladders and steel girders with Kong guarding Pauline at the top. But instead of jumping barrels and climbing ladders to get to the top, Mario must remove rivets in the girders that will drop Donkey Kong on his head. Of course, it will take more than that to kill the mighty ape. The game then repeats the first level. After beating this level again, there is a mystery level that is a blast to play. I'll leave it a secret that can be revealed by the winning bidder. Donkey Kong, an excellent classic game full of early 80s nostalgia, really put Nintendo on the map. This game began the company's string of successes that made it the gaming powerhouse of today. And it can be traced back to a simple yet fun game of 1981 and two characters, Kong and Mario, that have captured the imaginations of kids of all ages for generations. Buy online for Bitcoins here. |
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This community seriously needs to rethink what it stands for.
Good luck
It makes a lot more sense to have conversations about things like Silk Road on a truly anonymous forum, such as a Freenet board, than on a public web site. |
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I really don't see how you interface with the traditional banking system in an anonymous and distributed way without resorting to the methods that drug dealers use to launder money (with the resulting cost and risk). I can envision something like btcnearme hosted on Freenet and maybe automated to some degree though. |
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You haven't dealt with a lot of consumers, have you? The concept of an insured, high security means of exchange that doesn't have many disconnected and possibly untrustworthy entities, that can also allow you to dispute a charge when the product or service delivered is unsatisfactory, without having to resort to bringing a lawsuit, is extremely appealing...
And then?
People still use cash. |
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I think you're a bit behind on the debate, friend.
It seems to me we've pretty much come to a consensus that centralization of certain bitcoin functions is inevitable, and even desirable.
The whole anarcho-libertarian cryptastic orgycoin concept is only appealing for a very select minority.
So, it's very very likely that demand could dry up quite quickly unless such centralization takes hold.
I don't understand how any of you got the idea in your heads that decentralized currency was ever in demand...frankly, the entire world minus you an d a couple of your buddies we could write down in a small notepad, simply do not give two flying fucks about crapto-currency.
You haven't dealt with a lot of small business owners, have you? The concept of a low-cost means of exchange that doesn't have a single authority that can arbitrarily reverse a transaction six months after a sale is extremely appealing. |
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...you were saying?
I was saying that Napster failed and Bittorrent succeeded for the same reason that PayPal failed (to achieve the founders original intentions) and Bitcoin will succeed - centralized control. The only thing that can kill Bitcoin is insufficient demand for it. As long as people desire a decentralized currency the technology will outpace efforts to eliminate it. |
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For your average Joe and Jane, Dwolla Grid solves whatever problems related to moving money that bitcoin solves, and does it unquestionably legally too. And at $0.25 per transaction of any size, it's not much more expensive that the eventual suggested .01 BTC transaction fee and that at CURRENT exchange rates.
I believe that BTC will end up being no cheaper to use as an online transaction method than Dwolla or other new cash services. And in fact will be much more expensive from a certain point of view because of the cryptic disconnect from going from USD to BTC.
At any rate, your little explanation is still an outrageously tenuous reason for justifying BTC trading at "hundreds of times its current value."
In fact, if "ease of transactions" is the pinnacle of your vast speculative over-estimation of value, you have my sincere pity and concern for your well-being.
PayPal had a lot of great ideas too until EBay bought it and made it a lot less useful. The same thing will happen to Dwolla if it gets big. You should also consider how ease of use has advanced over the last six months and extrapolate that into the future instead of basing your assessment on the current state of the software. |
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I'm fairly good at PHP and web development. I want to create a few things for the benefit of the community. What is something that we are all in need of?
More online merchants would accept Bitcoin on their web sites if you developed a shopping cart interface that automatically and instantly sold any Bitcoins received for the local fiat currency on one of the exchanges. |
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Wow, reading the comments, they really do not like Bitcoin.
I've got 5 moderator points. I could fix that... |
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Government will move in on Bitcoin in 12-18months from now
Until then the price of BTC will go up as more services are developed for it and use increases, due to its natural competitive advantage over PayPal and other online money services
The bloodshed will then start.
First, MtGox will be shut down; their bank account will be frozen and their business & owner in Japan seized
All other bank accounts involved in exchanging Bitcoins will be frozen & similar fates will occur to their proprieters
At that point demand for BTC will be reduced because of reduced liquidity 12-18 of growth at the present rate will mean it's too late for governments to stop it. The demand for exchanges will be lower because people will actually spend their coins rather than just trade them for other currencies. You won't need an online exchange because everybody will know someone who will give them cash for Bitcoins and vice versa. |
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If anyone is serious about investing or trading I'd recommend that you get an account on tickerforum.org and have your trading conversations over there. That site is the best moderated investing forum on the internet and the owner absolutely does not tolerate trolling designed to manipulate people. Actually it looks like Karl Denninger decided to do an article on the event this weekend. |
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It's not as pretty but AKCS holds up under extreme load much better than either SMF or vBulletin.
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Good points, the price won't stabilize until there is some real world value here.
What products would you buy with Bitcoins if they were available? |
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