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Thank you. Very good explanation. |
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lol BBC knows nothing about bitcoin.
As long as they spell it correctly ... |
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I agree. Off the grid is the only way to go.
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I am using Bitcoin Wallet by Schildbach on my Android tablet. It is fast and cool, although I still don't know how it works.
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I understand. The money is on the record.
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I'm trading with legal money i earned through working, and i want to report all my gains to the taxes at the end of the year.
Thank you for feeding and perpetuating the corrupt, wasteful, and inefficient system. |
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I don't have a problem with the blockchain size, but I do think the documentation needs to be altered to suggest a lite client to newbies who generally don't need to have the blockchain.
I agree. And after they have some experience, they may want to run with the big dogs. |
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If 10000 US Bitcoin users opened accounts on LocalBitcoins and started actively trading, there would be little anyone could do about it. Here's another approach that will be hard for banks and regulators to respond to. An escrow service that matches buyers and sellers in which cash is deposited by the buyer into the seller's bank account. Seller's coins get escrowed to Bitcoin-Brokers.org. - http://www.Bitcoin-Brokers.org - http://bitcointalk.org/index.php?topic=237164.0The high volume sellers will have the risk of the bank concluding that the deposits are for bitcoin (or a sting) and the seller ending up without access to the funds in the bank account. Instead of there being a handful of exchanges each with a high volume of cash deposits there will be a high number of exchanges (individuals selling coins) each with a low volume of cash deposits. Decentralization FTW! I believe that this may be a practical approach. And it might be possible to donate or loan addresses to the escrow services, to increase the decentralization. But could the escrow services remain out of the grasp of FINCEN? Can high-volume buyers or sellers remain out of the grasp of FINCEN? |
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Maybe what we could do is set up a wallet with a trusted member and then everybody makes donations to that wallet.
I wasn't aware that we had any trusted members. |
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It is predicted by me that as unemployment continues to rise the IQ of those who are unemployed will also continue to rise in correlation. It is time to approach the high IQ societies and get them to accept Bitcoin as payment for membership dues. http://www.highiqsociety.org/http://www.us.mensa.org/http://www.megasociety.com/http://prometheussociety.org/cms/I ask those among the cryptocurrency community who are active members of these societies to also mention Bitcoin and cryptocurrencies to any member who is unemployed or bored. Also please add to the list of societies if I've missed any. Regardless of the other points, it would be a useful boost for Bitcoin to be accepted by the "high IQ societies". |
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Everything is relative. The blockchain size is very small compared to the number of stars in the universe, and the download time is very short compared to the time it takes to grow an oak tree from an acorn.
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"those not backed by the full faith and credit of an issuing government"  Yes. It is especially disturbing that they would write such a thing. |
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You also have chosen to completely ignore the hypocrisy of their actions. Wikipedia was a product that received years of criticism from an elite cadre of companies who had controlled encyclopedias and peer reviewed knowledge. They said only special people and trusted organizations could be capable of producing a credible encyclopedia. Now the leadership at Wikimedia are taking the same position with money? We open sourced money and this effort somehow is wrong while open sourcing knowledge is right? It's beyond defense.
An excellent point. Wikipedia speaks with forked tongue. They have become death, the destroyer of worlds. |
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I tied for last place in the scam lotto.
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Man, I'm not even a winner on the scam lotto  Me neither. The ultimate insult. |
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