The only things can save BTC is become P2P trading.... centralized Exchange I guess won't help.....they should all be closed eventually.
Were centralized exchanges ever envisioned by Satoshi? They are what is known as a "target rich environment" for the government. Maybe they are an evolutionary dead end. I hate MT.GOX very much ,people regard it as price index...but because it is a target for government , it just contributing to destroying people's faith in BTC... localbitcoin is a good place to go ,but sad thing is it still linked price with MT.GOX. I have not yet gotten to the point that I hate them, but I have instinctively avoided them. I used a combination of localbitcoin and craigslist. |
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The only things can save BTC is become P2P trading.... centralized Exchange I guess won't help.....they should all be closed eventually.
Were centralized exchanges ever envisioned by Satoshi? They are what is known as a "target rich environment" for the government. Maybe they are an evolutionary dead end. |
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California cease and desist order?
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A reasonable question.
The wiki says " In Satoshi's paper he describes "pruning", a way to delete unnecessary data about transactions that are fully spent... As of October 2012 (block 203258) there have been 7,979,231 transactions, however the size of the unspent output set is less than 100MiB, which is small enough to easily fit in RAM for even quite old computers."
I would like to read the Satoshi pruning description, and here it is:
7. Reclaiming Disk Space
Once the latest transaction in a coin is buried under enough blocks, the spent transactions before
it can be discarded to save disk space. To facilitate this without breaking the block's hash,
transactions are hashed in a Merkle Tree, with only the root included in the block's hash.
Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do
not need to be stored.
A block header with no transactions would be about 80 bytes. If we suppose blocks are
generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems
typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of
1.2GB per year, storage should not be a problem even if the block headers must be kept in
memory.
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There are a ton of changes happening in the financial sectors of the world.
Because changes in the financial sectors of the world are measured in tons. |
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"Not worth it"? It is free money. And they are begging.
It is "free money" in that people are willing to give it to them, but to figure out how to accept it and what to do if they got any requires some work, and I guess they think they will not get enough donations to justify spending the time to set up payment processing, and integration to their current accounting policies. The low-cost solution for them is to download a free wallet, publish one Bitcoin address on their donation page, wait for whatever period of time they want, and check the total. No other action is required. |
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"Not worth it"? It is free money. And they are begging.
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We must become social engineers. We must be innovative. It is not about cryptography.
The wallet must be cool. The transactions must be exciting.
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This might explain why Wikipedia has repeatedly rejected requests to accept Bitcoin donations:  Has Paypal "requested" that Wikipedia not accept Bitcoin donations? Is this an illegal restraint of trade? |
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There is no Bitcoin economy and there never has been, it's all lies and deception to justify higher prices in the minds of a few bubble driven speculators. ASICs aren't an economy. The only thing we have are Silk Road and Satoshi Dice.
Aside from that, all other economic indicators I know of like bitcoinstore.com, Humble Bundle sales figures, Reddit Gold figures etc. suggest that Bitcoin simply isn't a currency. If anything besides a store of value, it's a USD proxy to buy certain goods.
I do think that Bitcoin can work simply as a store of value, but actual uses would be a boost, and I'd suggest to look for uses where Bitcoin has not only an advantage, but uses which without Bitcoin would be impossible.
Yes But those uses do not necessarily need to be practical uses in order to provide a huge boost to the Bitcoin economy. There is great potential for the application that seamlessly ties in to social networking, "likes", trendiness, rebellion, or lottery. |
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I believe that the order of likelihood of losing your entire Bitcoin wallet contents is: - Not having any backup at all
- Forgetting your convoluted password
- < reserved >
- < reserved >
- < reserved >
- < reserved >
- < reserved >
- < reserved >
- < reserved >
- < reserved >
- < reserved >
- World War III
- Having your password stolen by a keylogger
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The Foundation asked for and evidently received an extension to answer. There is currently a debate as to whether or not the foundation should answer the C&D publicly. This would satisfy the community but it could also piss off the regulators. The rumor is that California officials were not happy that it was made public in the first place.
It is hard for me to imagine that a foundation would receive a cease and desist order and not inform their members and constituents of that order and their reply to it ... unless it is a monarchy. Your highness, the peasants are revolting. I know. |
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How hard is the 21 million cap on bitcoin?
Harder than Chinese arithmetic.
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TippingPoint
Nice story. Nice guy.
May your loins be fruitful, etc.
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What does "activity" actually represent? Time since first login on the forum? A complex function of days + time logged in + posts? The number of posts in the last X days? Something else?
activity = minimum of: time * 14, or # poststime = number of two-week periods in which you've posted since your registration |
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Allow me:
Sorry! This site is experiencing technical difficulties.
Try waiting a few minutes and reloading.
(Can't contact the database server: Lost connection to MySQL server at 'reading initial communication packet', system error: 111 (mysql))
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Best wishes, and good luck.
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There are only 12 months, so yeah.
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Facebook is tracking with a capital t.
Identify yourself and all your friends and associates.
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Thank you. That thread, in the Development & Technical Discussion forum, provides the needed explanation. |
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