We cant destroy earth, lol. Earth is badass like the Honeybadger... like the Bitcoin: http://www.youtube.com/watch?v=4r7wHMg5YjgYou can take a dump on it, nuke it, ruin the atmosphere, poison the water, the earth will be fine. It keeps on rolling, 5k years of abuse is nothing. The problem is, we live here and we dont have a second home. So if we want to live here longterm, we need to change immediately. But in reality, Bitcoin computing power is a phantom menace to our planet. Yes, it uses electricity, but the efficiency it brings will more than compensate for this expenditure. Bitcoin has the power to eliminate the ATM, banks, payment processors, etc etc etc
|
|
|
The problem is that the number of merchants accepting bitcoin has grown quite a bit in the last 12 months while the number of transactions , .. http://blockchain.info/charts/n-transactionsBitcoin is not used mainly as a currency right now , and I have the impression that month after month we're getting more and more away from this I dont know what chart you are looking at, but I see one going UP, showing more than double the transactions we had last December. I agree, there is indeed way too much speculation and hoarding going on, and this isnt healthy for the BTC economy. But people are using it. I try to spend between .1% and 1% of my BTC every month, if its a big purchase I buy additional BTC so it wont deplete my savings. Spending BTC and giving .1s away to friends and family is the only way this whole thing will ever get mainstream. Everyone needs some BTC. Even people who arent sophisticated, tech savvy, financially prudent, or outright incredulous. Teenagers really need to get into BTC today, and going into 2014, for our new Digital Economy to take off tomorrow (2020-2050). Its also a great learning tool about the internet, cryptography, computers etc; young people are quite adept at learning and are not averse to change. They are who will be our leaders when we want to retire and never use fiat again. So prepare them now. Just give a little away. Its that time of the year to be generous. Nephew, niece, daughter, son, god-son, stepbrother, any young friends you have.
|
|
|
I feel that I am obsessed with bitcoin.
+1, and holding a lot of my savings in there too now. Just have to go with the flow, zen-buddha mindset indeed. Day trading is insane so I just wait and see while I try to diversify my money a bit and also give some BTC to friends and family. A few key points: A) Its OK to be obsessed (you're an evangelist!), just dont hang out at the trollbox too much and dont look at the price everyday. B) Explain the technology to friends and family, the best way is give them some BTC, even .1 will do. Many people wont recognize the value of something until they have a bit, and everyone I have given some too has become more interested. C) Constantly ask for more companies and services to accept BTC. This is extremely important. Send Wikipedia 3 emails a week. D) Spend some BTC. Everyone hoarding and holding makes for a VERY unhealthy economy. You dont have to spend 20% or even 2% of your holdings, anything from .1-1% of your holdings per month should be used for services and purchasing goods. If you live in the USA, make an effort try to buy something Made in the USA with BTC as this has the potential to have a profound effect on our sagging national economy and put us at the forefront of a next generation one. If you dont want to use BTC savings for purchases, when you want to buy something, convert fiat into BTC just for that purchase and/or have a separate, smaller BTC wallet just for spending. By spending BTC, you directly increase its value a non-zero amount.
|
|
|
If you are having trouble finding your BTC payment address, look carefully in all the emails you've gotten from BA.
The way gmail conversations work, it might not appear as a new email but a reply to a previous one.
BA may want to address this, Im sure its caused enough issues already.
|
|
|
The most convincing argument against mass Bitcoin adaoption to me is this:
1. The average human IQ is 100. Let that sink in for a while: 100 is average.
Think about what a massive challenge that represents.
|
|
|
Folks, read the Bitcoin whitepaper, use the search engine, and in general just assume whatever flaw with Bitcoin that occurs to your brain, has already occurred along with a dozen others to someone with 160+ IQ http://bitcoin.org/bitcoin.pdf
|
|
|
fake hypecoin pump n dumps gonna fake hypecoin pump n dump
|
|
|
Im curious, but I cant find any info on how these are mined, what hashing is used etc
Anonymity is good, but it took me 20 mins of searching just to find out it uses Scrypt
Seems a bit too small now to bother with, because compared to LTC to profitability is very similar
|
|
|
Can anyone point out the innovations of this alt coin because although it looks solid i can't find something that wasn't done already.
Its not reinventing the wheel, its building a better one. It combines a few innovations and makes a few of its own: http://www.netcoin.io/wiki/Netcoin:Community_PortalThe fact that it wont be pre-mined or instamined (whatever like Quarkcoins and others), means that it has a real chance to be the big #3 coin. There are so few truly quality developers in the crypto space. This needs to happens ASAP. Personally, I hope they stick with "Netcoin" as the name, as the other imposter "netcoin" will surely fade away once this comes out.
|
|
|
Thats why we have Litecoin, the petty cash of the future
Bitcoin will be a store of value, and used only for high value purchases or to settle debts
|
|
|
Apple's closed approach with iOS is the reason they will fail to grow, and continue to lose market share to Android
Personally I love Apple's design and style but I wont give them my money if they treat me like a child
|
|
|
Why did Gavin even bother meeting with the CIA? I hate it how people bend over to authority figures... no wonder Satoshi left, glad that he/she has some moral fibre. What happened to people wanting to make a difference?
Maybe because the CIA is one of the only groups that very early on saw the potential for Bitcoin. Think about how hard it is to pay an operative in a remote, hostile country with huge bricks of $100 bills. Its a major security vector for all parties. Sending someone $1M in bitcoins? Fast, easy, anonymous, clean, and very secure. Its an ideal payment method for covert ops.
|
|
|
Sure, alts are a great way to diversify and hedge against BTC. Personally I like Litecoin the most, but there are some other interesting ones.
Peercoin is cool but Im very interested in that same developers new coin, called Primecoin, which searches for Prime numbers.
It doesnt rely on SHA256 or Scrypt, it relies on large Prime numbers being very elusive. Its CPU-mined currently, but still pretty tough to mine a block.
|
|
|
Glad to hear batch one sold out as that means tapeout and production should be fully underway, Im pretty stoked
|
|
|
gotta dump primnecoin... the pools got insane min payout so not worth wasting tiem unless you have some high end cpu array.
peeeer.org has liek 3.01 ( which is roughly, it seems like, over a month to mine) and ypool has 1 for minimum ( and WHOLE day has resulted in 0.05 unconfirmed.. runnign on a athlon II x4).
Looks like it has equivalent problem of asics - just that people now use botnets and hughe VPN networks.
Yeah I have a few decent CPUs pointed at this thing, around 30 cores total, and Im going to find around one block a month if all goes according to plan... I dont see how this is going to work. Maybe the calculator is off, I dont know but it seems like very tough difficulty especially for a "CPU-only" coin which is only 6 months old. With the increasing difficulty, Im probably looking at mining 100 coins or less over the life of these CPUs. The CPUs+electricity cost a lot more than 100XPM (currently less than $5/XPM).
|
|
|
No Primecoin? And say what you will about the Novacoin launch, but current day market cap matters... a lot
LIST FAIL
|
|
|
|