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6601  Economy / Marketplace / Re: Bitcoin Randomizer, just a stupid pyramid scheme on: August 20, 2010, 07:24:58 AM
fixed some bugs, added some stuff, time to test if everythings ok now.

so here's another incredible offer:
free memberships

i'll pay the inital membership fee of 1btc to the first 10 people,
that send me a PM with subject: userid:bcaIN.

i don't mind if you already have an account and referr yourself, or just don't want to pay the fee to activate it.

anyone could grab a free spot, one per forum-account.

sign up, login, send PM, get unbelievable rich!  Roll Eyes


When I try to make another account it says "user already exists" even though I use a new name and email. I guess it's the cookie? How to get a free bitcoin!?
6602  Economy / Marketplace / Re: Bitcoin Randomizer, just a stupid pyramid scheme on: August 20, 2010, 07:23:26 AM
I think it's fine now, whatever you did fixed it. Now the ref link just takes me to my own account normally.
6603  Economy / Marketplace / Re: Bitcoin Randomizer, just a stupid pyramid scheme on: August 20, 2010, 07:18:15 AM
Fixed! PM coming Smiley
6604  Bitcoin / Bitcoin Discussion / Re: Bitcoin Conference? on: August 20, 2010, 07:16:58 AM
That would be awesome, but we'd need some sort of agenda that makes it worthwhile. Maybe this will take off once Bitcoin matures a bit more and there are sufficient reasons for a conference.

If you're interesting in voluntaryst/anarchist type of conferences, there are already plenty of those each year: http://freedomainradio.com/



Do you know if Steph is aware of Bitcoin yet?

I owe him billions in donations.
6605  Economy / Marketplace / Re: Bitcoin Randomizer, just a stupid pyramid scheme on: August 20, 2010, 07:13:18 AM
Okay, sorry, I shouldn't have described it like that. Here's what I actually get.

 


That is not my bitcoin address. But I am logged in to MY ACCOUNT (19) because I was able to change my password.

6606  Economy / Economics / Re: Bitcoin as a GET System on: August 20, 2010, 07:05:36 AM
I move to town, mow a few lawns, take a few credits, move away or die. And people are hurt?

What if I sell them all bullion and fancy cars and then move or die or hoard?

A positive balance means that you have on balance helped people, zero is neutral, and negative means you owe. It is not bad to be owed favors or services or items and not cash them in.
I understand your point of view. It makes perfect sense in reality. Say I come into a community and I teach basket weaving. If I leave and take nothing the community is richer. 

However in the case of a formal monetary system it does have consequences. A LET system is equivalent to a fixed currency system in the sense that coins, bullion or tally sticks, it someone enters the community than leaves taking the currency, then there is less currency to go around. It is monetary deflation. It makes it harder to trade.

In LETS as others' balances go more negative you have to either allow more credit to compensate for the unspent credits or change prices to compensate for the hoarded currency.

If die or formally leave the community and return your unused credits, you have the same issue as someone dying with negative credits. You still have to redistribute the good fortune, or the burden. It is much easier in a LETS system since there is central control of the accounting.

It is not harder to trade if LETS are worth more unless there is some divisibility issue.

Imagine this even! Instead of one crazy old man peddling bullion and cars there is a whole stream of them. Every time before they leave they distribute the LETS back to everyone in whatever eccentric randomish method the man wants. There won't be a decrease in the money supply, but having tons of bullion and cars up for sale in LETS will surely increase their value (just in case, I'm going to say each man brings 3x the number off goods as were previously in the LETS economy).

In this case there is not less money, but it is worth more. Is it still a problem?
6607  Economy / Marketplace / Re: Bitcoin Randomizer, just a stupid pyramid scheme on: August 20, 2010, 06:14:47 AM
When I click a referral link while already logged in it takes me to a new password page. Not sure what should happen, just letting you know.
6608  Bitcoin / Bitcoin Discussion / Re: Strange block 74638 on: August 20, 2010, 03:41:54 AM
I heard that the patch was available before Satoshi awakened.

Nice. I shouldn't even have assumed he did it. I know there are lots of people here with skills.
6609  Economy / Trading Discussion / Re: How have you earned your Bitcoins? on: August 20, 2010, 03:41:00 AM
Maybe we could call it "old money" instead of "real money" ;-)
6610  Economy / Economics / Re: Bitcoin as a GET System on: August 20, 2010, 03:36:27 AM

Moreover, in the context of a LETS system it negatively effects the community. If someone hoards a positive balance, then others' balances by definition have to remain negative.


I move to town, mow a few lawns, take a few credits, move away or die. And people are hurt?

What if I sell them all bullion and fancy cars and then move or die or hoard?

A positive balance means that you have on balance helped people, zero is neutral, and negative means you owe. It is not bad to be owed favors or services or items and not cash them in.
6611  Bitcoin / Bitcoin Discussion / Re: Strange block 74638 on: August 20, 2010, 02:04:47 AM
Did we get luck or is there a secret pager number that alerts Satoshi to emergencies Smiley
6612  Economy / Economics / Re: Bitcoin as a GET System on: August 20, 2010, 02:01:48 AM

... The employee and employer have some agreement. ... It would be wierd if 'dollars' told them what they could agree to.


I am not sure how this is done on other countries, but in the United States the contract is written on a federal form W-4, and documents the employee and his Social Security account number and the employer and his Taxpayer Identification number. It contracts both parties with the federal government to abide by a set of rules called the United States Code, the Code of Federal Regulations, and a host of others.

You cannot have the kid down the street mow your lawn as an "employee" outside of this system. Impossible.

My point: These words have consequences.




I don't think we use words in remotely the same way. Impossible things have never been done. Hiring a boy to mow your lawn illegally has definitely been done.
6613  Economy / Economics / Re: Bitcoin as a GET System on: August 19, 2010, 11:29:27 PM
I'd like to factor Bitcoin the method from Bitcoin the useage.

Bitcoin should be a convenience owned, used, and maintained by the community.

The community can grow around Bitcoin, to be a web payment system, or an auction, or a commodity exchange, or whatever. But it must be understood that these enterprises are independent of Bitcoin. They should not be owned, operated, controlled, or promoted by Bitcoin in any way.

Keep it simple!


Does Bitcoin own anything? How would I even tell?

So appearing on the Bitcoin wiki is promotion by Bitcoin or not?
6614  Economy / Economics / Re: Bitcoin as a GET System on: August 19, 2010, 11:27:09 PM
It's pretty silly to tell people that they can't value work now more highly than work in the future.

This is more common than you think and not arbitrarily non-sensical. Suppose you work for a fixed salary and generally work 5 week days and get 2 weekend days off. Now if you happened to work one weekend extra it is clear that you are "owed" two days of not working as compensation. If you take those two days the next week that seems perfectly reasonable.

However, what if you decided to "bank" those two days and to not take them for five years? Say over those five years your salary increases 50%. So when you take those two days, they are equivalent to three days of work at the rate you banked them. Is this fair to the company? What if there is a recession and your salary falls 50%? Do you have the right to demand four days off-work instead of two?

More and more companies in the US are employing a use your vacation (this year) or lose your vacation strategy whenever possible to avoid these issues.

The LETS philosophy adopts this concept for everything since everything is basically "work" to them. According to the founder there is no point at all in saving in LETS credits. Credis should remain fixed in value. If you want to save in something that changes in value choose one of the numerous commodities produced and traded by members of the LETS community. That is why they stress keeping everyone's balances close to zero.

-----

Bitcoin differs greatly from LETS in this philosophy but only because of the 21,000,000 fixed bitcoin policy. Bitcoin's monetary policy could be varied (in theory) to bring it closer to LETS, but that is definitely NOT a priority of the bitcoin community.

The employee and employer have some agreement. It doesn't concern me whatever they decide to do. It would be wierd if 'dollars' told them what they could agree to. Likewise it would be odd if LETS told someone what agreements they could make concerning how many LETS were owed.

I mean what happens anyway?

I tell a guy that if he mows my lawn I'll give him 10 LETS, but that if he doesn't mind waiting to get paid till next month I can give him 11. How does LETS stop me form offering to 'borrow' LETS at interest (over 100% APR even)?
6615  Bitcoin / Bitcoin Discussion / Re: Is It Time For Digital-Only Dollars? on: August 19, 2010, 11:12:23 PM
Found this Bitcoin article online and thought it was pretty great!

http://www.hartfordadvocate.com/commentary/is-it-time-for-digital-only-dollars-2


I agree that it was a great article, and I'm glad that you echoed it to the forum; because when I went to that link all I ended up with was the Apache2 default webpage.  Looks like this author is already facing some blowback, and perhaps someone has nuked his server.

That's odd, I got the article when I clicked.
6616  Bitcoin / Development & Technical Discussion / Re: BitCoins as email attachment? on: August 19, 2010, 07:57:41 PM
I'm wondering if bitcoin's design currently allows for other transport mechanisms?  When I think about taking BitCoin mainstream, I can't help but think about the pervasiveness of email.  Even my grandfather, and some farmers have email addresses and know how to send small attachments.  Can bitcoins safely be sent and received as an attachment in an email?

I know there are some issues with this concept (and of course anonymity would be compromised), but I feel like if we could start sending and receiving BTC through the normal channels that everyday people use, we could really boost their value and presence.

The Open Transactions post http://bitcointalk.org/index.php?topic=847.0 by fellowtraveler got me thinking about it.


I imagine it's at least theoretically possible to move the data needed through email. Others can better tell you if it's practical. Using services like MyBitCoin and BitMail can help people who aren't savvy enough to download a program.
6617  Economy / Economics / Re: Bitcoin as a GET System on: August 19, 2010, 07:55:23 PM
I think it's a good comparison and nice to understand the differences.

I didn't realize "no interest" was integral to LETS. It's pretty silly to tell people that they can't value work now more highly than work in the future.

 
6618  Bitcoin / Bitcoin Technical Support / Re: Hypothetical question on lost coins / transfers on: August 19, 2010, 07:44:06 PM
I think not. I think that when a client considers a block bad it gets the transactions that were in it and rebroadcasts them or puts them in a block themselves.
6619  Economy / Marketplace / Re: Bitcoin Randomizer, just a stupid pyramid scheme on: August 19, 2010, 06:26:21 AM
I can't get into my account. Can you confirm that this is because I have brain damage and remember giving a password that I did not give? I gave an email right, can I reset?

I am account 19.
6620  Bitcoin / Development & Technical Discussion / Re: Suggestions for pooled BTC mining? on: August 19, 2010, 12:24:30 AM
I'm puzzled.  Why would anyone do this?

Effectively, we're already pooled today.  Over the long haul, every 10 minutes, someone gets 50 bones, and it's apportioned based on CPU speed.

If a slow machine isn't worth running hot for months on end to search, then why would it be welcomed (at greater value) to a pool including faster machines?  Seems to me that if you found a group of like-minded honest individuals, you'd end up with a cluster of really slow machines, rarely finding a treat, and doling out pennies to each.  Further, anyone inclined to join the pool is already running their machine anyway.

I guess I'm missing the point.

Just to reduce the variance so that you can get 1BTC/day instead of 50 every 7 weeks. If there was an easy and secure way I guess I'd be a little interested.
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