It's worth noting that the price of Bitcoins went up until it reached roughly the cost of "mining". Then the rise stopped. The price has basically been around $14-15/BTC for weeks now, with occasional excursions usually associated with Mt. Gox problems. The difficulty stops rising when mining becomes uneconomic, because miners drop out and new miners don't start up. We currently seem to be in a situation where many existing miners with sunk costs continue to operate, but buying hardware no longer pays. See the difficulty discussion. The cost of mining acts as a price ceiling, not a floor. (Yes, in theory, heavy demand from Bitcoins for transactional purposes could push prices beyond the cost of mining. But that's not happening. Most of the enthusiasm for Bitcoins comes from "miners".) Beyond help I'm afraid. ... mining cost has been well below the "price" of bitcoins for months now. Do some research before spouting off your FUD. |
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Anybody had much success with Fedora 15 yet? I got a bitcoind built but had to include -DBOOST_FILESYSTEM_VERSION=2 in the "DEFS=" of the makefile ..... boost_1_46_1 is VERSION=3 ?? But then for the bitcoin wxwidgets is not happy even with special version built locally for it ... gave up in disgust at this point. The RH derivative bitcoin dependency nightmare continues .... |
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Dang, she got 1.09 BTC donations to the BTC address she advertised on YouTube just for being hot! Bitcoins == Easiest way ever invented for babes to take monetary compliments from across the world Heh ... had to watch multiple times just to focus on the content properly. |
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I like the idea of mixing the hash symbol with a b. I'm not a good digital artist, but check this out:  If you can't see the hash, I highlighted it in this one:  It's very easy to write, and looks good. Just draw a 3 and 2 lines through the top. I got the idea from this post: http://forum.bitcoin.org/index.php?topic=25102.msg325489#msg325489What about something a little more stylized? Like this:  yeah good ... more hieroglyphic, cyrillic or asian character feel would be an advantage, global currency and all. |
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Hi jav, any plans to include a namecoin Instawallet? cheers,  |
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Seems like there is a small business opportunity to set-up a site that accepts fiat currencies (Visa or otherwise) and forwards bitcoins to wikileaks .... |
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If Bitcoin projects get legally threatened then there will be tons of media attention, huge Internet wars against the perps, the community will learn, devs will have to change the name and a NewNamedCoin foundation will have to be formed to safeguard the new project name.
Chill out, everything will be okay in the long run.
^this. Big centralised banks are big, ripe plump targets riddled with legacy s/ware, bureaucratic malaise and broken finance models ... they would mess with bitcoin at their peril as they are in no condition to embark upon an internet war whilst imploding financially. They'll either die and fade away quietly or explode spectacularly in BSD account queries. |
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Whats a Satoshi? Nickname for the smallest unit currently possible: 0.00000001 BTC. Love it... ... hmmm, too bad I put the trademark application in already ... Pascazied! |
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Mine and hold.  |
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I kind of like the graphic, but maybe just a tiny bitcoin somewhere on their logo would suffice.
I agree. Just put small bitcoins in the drops falling through the middle. Interesting idea. Don't the drop represent the leaks though ... bitcoins leaking out to the world? Maybe put the bitcoins going into a slot in the top? ... Bitcoins in, public transparency leaks out kind of thing ... |
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I'd like to get this to whom it may concern at wikileaks. Anyone know how? good graphic. |
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How You Can Donate To WikiLeaks Bitcoin Bitcoin is a secure and anonymous digital currency. Bitcoins cannot be easily tracked back to you, and are safer and faster alternative to other donation methods. You can send BTC to the following address: 1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v Various sites offer a service to exchange other currency to/from Bitcoins. There are also services allowing trades of goods for Bitcoins. Bitcoins are not subject to central regulations and are still gaining value. Read more about Bitcoins on Wikipedia For maximum security, you can also request a one-time Bitcoin address. To do so, please join our IRC and type /msg Bitcoin new. Our helpful bot will generate new donation address. Please make sure Bot is active on #bitcoin channel and has @ to the left of his nick. http://wikileaks.org/Banking-Blockade.htmlRomantic Stockholm restaurants are not cheap, let me tell you! |
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Question: Why does Wikileaks need a lot of funding in the first place?
... cause the CIA is busted-ass broke? |
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as long as wikileaks doesn't get Goxed they will be be sweet just living on bitcoins forever now ...
... gonna be bitcoins biggest customers the longer this crap goes on ... go bitcoins, go wikileaks.
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Okay, no such thing as bad money huh?
I've got some Zimbabwe dollars I'd like to sell you ... in ten years time that will be USD.
You can split hairs and do semantics all you like but at the inevitable point is that the broken/outdated technology (monetary information technology) has been revealed as such.
$200 billion in naked short treasury settlement failures for example.
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Again, think longterm. Say all the initial bitcoins have been handed out, and all that is happening is trading. Let's say, for purposes of example, that everyone earns a salary in this bitcoin economy. If each person keeps doing what they do every day, just population growth will increase the amount of economic activity. Since there are no new bitcoins, the total salary distributed must stay the same, so the per-person salary goes down. We can't all have constant salaries and there being more of us each day. In normal times, to population growth you'd have to add additional economic activity (those investments had better do something), which only worsens the problem. Demand for bitcoins doesn't have to grow without limit: it simply has to grow past the moment when no new bitcoins are generated.
You severely confused, probably from being conditioned to an inflationary-monopoly monetary environment. You need to first disentangle monetary economics from the wider economy. How can a currency be hoarded into a deflationary spiral and become worthless at the same time? Think slowly, and clearly it is impossible, either it is hoarded and gets more valuable or it is dis-hoarded and gets less valuable, it cannot be both. Currencies that hold their value in a free market of competing currencies will not engender widespread economic deflation by their nature. It is a plain falsehood meant only to support the current state-bankster oligopoly monopolised fiat regimes, stop spreading it. In a monopolistic monetary system a deflationary currency will cause the problems you speak of. People should be able to save in the money they earn and not get ripped off by inflationistas in the mere act of saving. However, if bitcoin were ever to get co-opted, controlled and monopolised as money by the state then it would be time to get skeptical, deeply skeptical. |
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and you've completely and utterly missed the point (or twisted it your way, whichever)
not all monies are equal. It is a technological tool, some technologies are better than others, regardless of the men managing them.
Bitcoin is a modern fighter jet, the Fed. Res. US dollar is sopwith camel biplane era technology (1913).
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