Hmm. This could get a lot of traffic for people that miss the i and hit the u instead. Good luck with that, Matthew!  Good point, cbeast. I had to Google that and found the answer in Urban Dictionary. I refrained from searching images like I did when I researched goatse. Learnt my lesson there. BTW, how come so many people know about this stuff on this board, and I don't? Just asking! ~Bruno~ You answered your own question. I also learned that lesson the hard way. =p |
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Hmm. This could get a lot of traffic for people that miss the i and hit the u instead. Good luck with that, Matthew! |
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Mavrodi and Milken, two ex cons, probably understand money better than most economists. Considering they are small fish that got caught stealing millions (compared to the crooks at JP Morgan, Goldman Sachs, and other big banks that steal trillions), they may have insight into how Bitcoin can develop.
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Sergei Mavrodi, the founder of MMM, didn't pimp bitcoin, he ponzied it. As these blog posts seem to suggest (in Russian), Mavrodi wants to become a market maker for BTC <--> FIAT trading. But unlike Mt.Gox, Mavrodi would not use bid-offer spreads -- he would just specify an initial price for each share of MMM-2011 (i.e. his version of BTC), and then keep increasing that price at a steady rate (high enough to provide attractive returns to current investors). This site is outdated (last post year ago). new site is sergey-mavrodi.com http://i-mmm.com/en/index.php?drgn=1 (english) I didn't heared anyone in this pyramid accepts bitcoins. Possible due to volatility. Maybe he is Ted Williams. |
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A 5% inflation would allow the largest computer networks (owned by governments and large corporations) to eventually decrease the value of anyone's savings. It would make mining unprofitable and more costly to maintain the network than just printing fiat money.
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That will never pass (especially in a socialistic country I live in).
I stated what I would like to see happen, not what I am going to make happen. In reality I will do nothing and pay my taxes as a good law abiding citizen. I just do not agree with the law that I do follow.
I agree. If (God forbid) you were ever to procreate and your child caused my child to get sick, I would hold you financially liable for the disease treatment, loss of wages, education time, and pain and suffering. I would sue you for everything you have. |
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Win7 users don't have a lot of choices. Switching to CGMiner is easy enough. Hopefully Guiminer will be fixed soon.
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The failure of GUIminer has forced me to switch to CGminer. That works fine, it's just ugly.
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What I love about the Politics forum (and, indeed, any politics subforum in general) is that people rage at things like this, but nobody ever proposes a politically feasible solution.
Go ahead, try to get Ron Paul elected or start a petition... and watch it fail.
I've come to realize that there's no point in talking about politics, because one will never succeed against the state.
That's because the bankers always support the stronger state. States do fall, but one will never succeed against the banks. |
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It's a shame that the lead developer has to beg for supporter.
Although I think the 16/17 thing is a shambles, and that 16 is the way forward, I support this level of "decentralization". I trust Gavin Andresen with the Bitcoin protocol, but it's important that the network isn't ruled by one person: although "Benevolent Dictator" works really well for a lot of open source projects, the financial nature of bitcoin changes things somewhat! "Move fast, break things" - Mark Zuckerberg Breaking things in facebook is very different to breaking a financial system. I realize that. While I do have skin in the game, I would rather see innovation than limitations. The internet moves at a different pace than Wall Street. Cautious exuberance is in order. Couldn't we just take a "Bitcoin Holiday" from mining and commerce to thoroughly test the new client? |
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It's a shame that the lead developer has to beg for supporter.
Although I think the 16/17 thing is a shambles, and that 16 is the way forward, I support this level of "decentralization". I trust Gavin Andresen with the Bitcoin protocol, but it's important that the network isn't ruled by one person: although "Benevolent Dictator" works really well for a lot of open source projects, the financial nature of bitcoin changes things somewhat! "Move fast, break things" - Mark Zuckerberg |
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"Waste not want not." It's in the bible.  |
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He just makes the price up? Isn't that how mtgox does it? |
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In Bitcoin time that is years away. There will be many bubbles, innovations, and scams before that happens.
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Governments are welcome and encouraged to make some money on the bitcoin network. Who will be the first?
If governments controlled the majority of hashing power, does Bitcoin become a fiat currency? Only if US, China, etc. agree to make it so. lol |
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Governments are welcome and encouraged to make some money on the bitcoin network. Who will be the first?
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To crush your enemies, see them driven before you, and to hear the lamentation of their women. |
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Are you thinking about a way to supplement miners when the block reward halves to 25?
Not only that, but also some way for Bitcoin to tie into other applications like social networking and games. |
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I would advise against it. You don't want to go down in history as the first guy to spam the blockchain, your shame on display for eternity.
Chances are, it would get pruned out when we start using lite block chains like stratum. It would remain on the full block chain, but general users won't be using that. |
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