English translation of article from Wired Italy: Even the systems currently emerging may be difficult. Ted Castranova, economist and author of Wild Cat Currency (forthcoming), notes that BitCoin will compete with other virtual currencies preferred by users, and highly unlikely to spread on a large scale. "If the networks have taught us anything multiplayer , is that these coins are affirmed by the use, non-intellectual manner. respond to users' needs. "Davis agrees:" The important thing is not money itself, but the fact you can use it at McDonald's or supermarket. "In other words, systems will not be used widely as BitCoin by criminals until they are paradoxically too sure to be able to be exploited.
[...]
In reality, the minority will be powerful, criminal or not, to reap the highest profits from these subtle changes. Will be 1 percent. Probably not everyone will use BitCoin 1.0, but surely many more will use BitCoin 3.0 or 4.0.
[...]
"If the new payment systems as BitCoin evolve in a certain direction, the traditional forms of embargo and economic sanctions could lose its effectiveness in these free ports [Seasteading or other libertarian enclaves].
Money Digital Network: a virtual river of cash - http://bit.ly/H9nk7k |
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Recently, I contacted GoldMoney with a few questions. Here are the interesting bits:
Thanks for sharing that info. I just read "An interview with James Turk": JT: Our decision to turn off the facility to transfer metals between GoldMoney customers in all countries except Jersey is based on lack of customer demand and increasing regulatory burdens. It is our intention to offer this service again in the future, which will depend on customer feedback and regulatory changes. [emphasis added] - http://www.internationalman.com/im-interviews/an-interview-with-james-turk-co-founder-of-goldmoney-com-part-2 |
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Yes, but are you ignoring the modern developments that solve today's immense problems! Like Facebook, FourSquare and Angry Birds? Back then do you think they could have even envisioned we'ld have such things by now? I think not! p.s., All kidding aside, progress is happening everywhere. Do check out http://youtu.be/6b4ZZQkcNEo (Sand Flea Jumping Robot) for an example of technical advancement and http://www.openculture.com/2012/02/this_is_your_brain_in_love_scenes_from_the_stanford_love_competition.html (This is Your Brain in Love) for an example of progress in neurobiological science (where they measure activity in the dopamine, serotonin and ocytocin/vasopressin pathway.) |
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who secures the network once miners (people who secure the network) have no incentive to mine (when all bitcoins have been mined)?
Transaction fees will need to replace the currency issuance in the block reward. When operating costs can't be covered by the block creation bounty, which will happen some time before the total amount of BTC is reached, miners will earn some profit from transaction fees. However unlike the block reward, there is no coupling between transaction fees and the need for security, so there is less of a guarantee that the amount of mining being performed will be sufficient to maintain the network's security. - http://en.bitcoin.it/wiki/Myths#After_21_million_coins_are_mined.2C_no_one_will_generate_new_blocks |
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If difficulty turns downward soon, I'll eat my hat and concede that difficulty has little or no bearing on the price.
How about if the difficulty continues rising but price drops .. say to $4? |
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Tried deleting and re-installing with no luck.
Did you delete just the app or the data directory as well? (of course, only after backing up your wallet first if this isn't a new installation) - http://en.bitcoin.it/wiki/Data_directory#Mac |
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Just traded bitcoins for paypal on spendbitcoins.com . Was very satisfied and will do it again no problem. did it last night there was an issue and jeremy fixed it immediately . Excellent service. No more getting ripped off on ebay selling bitcoins as long as this service is up and running.
Cashing out through SpendBitcoins costs the 2.9% + $0.30 though, which is fantastic if there's no other option where you can cash out without worrying about getting scammed. To avoid that fee though you might also want to consider trading on the #bitcoin-otc marketplace. There are often buyers who would like to pay using PayPal and have a trust history rating on the #bitcoin-otc Web of Trust (WoT). Often the rates offered are 1:1 versus market MTGUSD or at the current market price. - http://www.bitcoin-otc.com - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer - http://bitcoin-otc.com/trust.php |
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Yubikeys are not cheap for the end user, but they are free for you to implement.
And if GLBSE were to implement it, someone with an existing Mt. Gox yubikey could use it as well, right? That approach makes sense if two-factor is an option for the accountholder. If I'm holding $20 USD worth of stocks I shouldn't be forced to buy a $30 dongle, but if I'm holding a significant amount I have the option to protect my account by requiring two factor auth. I might end up making my own
Making your own mobile-based OTP token system? Please tell me that wasn't what you meant to write. Also please read on NIH: - http://en.wikipedia.org/wiki/Not_invented_here |
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don't sell bitcoins on eBay. If you do, require a money order or local cash pickup.
I really like this HipSwap concept. Nobody has given any feedback on it yet, but I think it would be useful for something like this. Essentially their service might be useful simply as a local delivery service to get cash from the buyer delivered inexpensively to the seller. - https://bitcointalk.org/index.php?topic=74912.0So the listing could still exist on eBay but the checkbox would be marked indicating local pickup only. And then the listing doen't allow PayPal, credit card or any other payment method (that can be done yet, right?). |
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Out of curiosity, is shipment to you domestic or international for these?
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Danish customers will need to identify using the government and bank created NemID system
Is anyone that wants to make use of that as an authentication method allowed to do so? - http://en.wikipedia.org/wiki/NemID |
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Can something be made which has a private key inside (i.e., the cast secures the key inside, makes it tamper-evident)? Perhaps a thin metal plate stamped with the private key? I could see someone wanting a beer stein with a BTC in its base. Where you would never break the stein to get at the value inside, ... or maybe some day you might just be tempted? (I'm assuming the brass casting can be broken to get at the stamped metal plate or whatever is inside, or does the brass fuse together with the steel?) Or maybe a physical bitcoin letter opener? Or a physical bitcoin drink coaster maybe? Or maybe something that encases a Casascius physical bitcoin? Like:  Or lets one be permanently attached? Like: - http://img1.etsystatic.com/il_fullxfull.281425157.jpgLost of neat gift ideas here. |
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54.84171999 BTC will be used for the MPOE subscription.
Is that at a set bid price? i.e, Is it known yet how many of those 4,000,000 MPOE shares this 54.841719999 BTC will buy? |
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