You can now pool your bitcoins with others for achieving big, exciting things.

Here is a sample of a Pool of users coming together to plan a Bitcoin cruise http://www.bitpools.com :

<--Snip-->
Voting

The voting option panel for all users will have the options as well as a Send to Address for each option. This is where the users send their bitcoins to cast their vote.


On the right are three buttons used to download files that are used to verify the vote. The Public Key File contains the public Key used to create the Encrypted Key. These two combined are used to encrypt the Vote File. The Vote File contains all Send to Addresses for the vote. This is created so that anyone can have the list of vote addresses after the vote has finished and verify that the results match the results on the Bitcoin Blockchain.

Users can click on the new proposal from the Proposal tab which shows the Proposal is open for voting.


Once the vote date has passed voting is finished and the user will be able to view proposals whose dates have passed.


Clicking on the Past Proposal will show the proposal after the vote has finished. This will include the Private Key File which can be downloaded to decrypt the Encrypted Vote File that could be downloaded before the vote date. There is also the Decrypted Vote File used for verification. The past proposal might not be clickable immediately as the Private Key is stored offline in cold storage, manually moved to the server after the vote.


View Results

There is also the option in the Voting panel of viewing the results. When you click on the View Results button you will get a new window with the vote results displayed.


The Results window will show the Win Total or Min Percent along with the total of the votes. The chart in the top right panel will tell how close the vote was to passing or it will show that it has passed. The bottom panel gives a list of all Send to Addresses and the amounts sent to those addresses. These can all be verified on the Bitcoin Blockchain. You can confirm in the Decrypted Vote File that those are the same addresses in the file created before the vote date.

In this example the proposal does not pass. The 8 users that voted would split the 16 mB Incentive (after mining fees are paid) and the funds from their votes will be returned to their BitPools address. With the Pool messages users can give their opinion on why they did or did not vote for the proposal. This makes it easier for future proposals to put together something more people would vote for.


After getting some feedback from the users and studying the results of the first proposal, for this example, another proposal is created.


After submitting another proposal and another round of voting the proposal is ready for viewing.


This time the proposal passes and the original goal of the BitPools Pool is met.


The Incentive will again be distributed to all users that voted after mining fees are paid.

The total bitcoins will be sent to the proposer's BitPools address (multisig escrow services coming soon) and a new Pool is created consisting only of those who voted for the proposal giving the users a place to discuss the future of their successful proposal and oversee its execution.

This form of voting allows for a solution decided by those willing to fund it. The vote is transparent, anyone can verify the results, and it is secured by a vast network of computers all over the world.

420 was the police code for busting someone for Marijuana possession. The stoners found out and went with it.

The only reason it "keeps hitting 666" is because someone keeps building a wall when it hits that number so that it will stay that number as long as possible. You even notice it trying to go to 666.66 over and over.

Someone with a lot of bitcoins has deemed it his sole purpose in life to sell at that number to make a statement. Like 420.

The European central banks lend money to the banks who in turn lend that money to people and businesses. There is not enough demand for loans so the banks are sitting on a lot of money. Now with negative interest rates the banks have to pay for money that they hold so they will be encouraged to get rid of it. They will give out really cheap loans at close to 0% rates.

Imagine if everyone in Europe took out a 0% loan on as much money as they could get. The market would be flooded with new money. The printing presses would be churning, prices go up because everyone has plenty of money to throw around, they'll just borrow more. The value of the currency falls encouraging more borrowing and spending as the printing presses pump out money at full steam.

Digital wheelbarrows of money become the norm to pay for everyday goods. Including bitcoins.

You cannot hold google in your hand either. Does its utility give it value?

http://www.cryptocoinsnews.com/news/ecb-announces-negative-interest-rates-bitcoin-price-rallies/2014/06/05

The European Central Bank has cut interest rates on deposits to -.1% pretty much forcing banks to pay to have money in their accounts.

Do you think the Federal Reserve will follow suit and is this the start of competing hyperinflation between nations as they destroy their currencies in an attempt to boost their economies?

How good do you feel that your bitcoin currency does not charge just to hold it?

Ok we get it guy...the price of Bitcoin goes to 666. So clever. You really showed 'em.   

Can we get back to moving over $700 now? Maybe you can wow us with your 777 joke.

Or we can all laugh at 1337 for minutes.

Definitely, they are in the midst of a huge change, I am sure many new business owners are learning a lot of processes from the US like credit cards and other western things. May as well teach them bitcoin while they are learning anyway.

Though my experience is limited to a military base. But we have a lot of shops run by locals selling local merchandise. As well as restaurants run by locals (Pizza Hut, Popeyes, Burger King, Subway and others...).

They have fast cell phone service in the major cities.

Though I would never travel outside the walls. I value my life too much.

No, there is an infinite amount that will be created. Billions and billions every year.

So much forks.

So much inflation.

dogecoin will never go for $1 each. Over 10 trillion dogecoins are mined daily.

The only thing to do with a dogecoin is give it away before it loses value...oh too late, someone just mined a few billion while you were thinking of how to get rid of it.

Sorry. Some of us want to be able to live mainly on Bitcoin. Gyft helps a lot with that. When they convert to government money is of little concern to me, that's their own funeral.

So are you now a Belieber?
Forever?

We need to push Walmart to start accepting Gyft again.

Think about it just for a moment.

Russia has a news organization that they do not show to their citizens, only to people in foreign countries.

This news organization promotes something that could destabilize a foreign government currency if the people adopt it.

Watch RT with the knowledge that this is what Russia wants foreigners to believe. But not their own citizens.

lol...

I may or may not have used government computers under my control to mine bitcoins.

You can already shop at Target using bitcoins.

http://www.gyft.com/buy-gift-card/target-giftcard/

This can be done in every grocery store.

The question is...do you want a grocery store to accept bitcoin so you can spend your bitcoins at the store...or do you just want a grocery store to accept bitcoin so the price will go up on your "investment"?

Welcome to Bitcoin, I suggest you read the white paper.

https://bitcoin.org/bitcoin.pdf

If you do not see the value provided by Bitcoin, you are not paying attention.

You need new friends.

No they are not using much USD, the local currency is called Afghanis. When I go to the ATM here they only have Afghanis and the military encourages us to use the local currency for everything. Though on base the local nationals accept dollars as well. They also accept credit cards.

That old song and dance has been tried for centuries, we Knowers often laugh about such excuses by people that think they are Readers at our summer retreat in the Galapagos. We tell the stories to the animals and plants and we just laugh and laugh without making a sound.

I'm in Afghanistan right now. They have Etisalat and Roshan phone coverage. Etisalat is based in the UAE and has a pretty decent data rate. They have the same smart phones available as in the US.