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All I've found on Cydia is the mtgox app. There are a few OSS apps, but apple has declined them all.
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It seems to me that bitcoin behaves in almost exact opposite to sentiments expressed on BitcoinTalk.
Several weeks ago when the price was collapsing and $2 was within sight people were breaking out the marshmallows and singing bitcoin's death song. Then the price went up by over 50%.
Last week we had posts proclaiming that $3 is somehow the new found level of stability and things are good from here. Someone showed up to spoil the party and dump the price to the low $2 range again.
We now have an obvious and anticipated breakout of pessimism again. Which way will the trade turn from here?
Up? |
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Ouch I was expecting fees but those are just downright stupid.
Up to $15 to get my cash from an ATM? No thanks. I will keep using free checks from TradeHill.
Sadly if someone did offer a decently priced bitcoin backed debit card they would get all the BTC -> USD flows. Someday it will happen but it isn't OKPay.
Maybe someday Dwolla will offer a Dwolla debit card? That would be at least a half step.
ehh, that would be the upper limit of their card withdraw fee, 2% of 750 $. If you exceed 750$ the fee would remain at same level. You can get more than $750 from an ATM somehow? Or is that like the monthly max of ATM fees? Really I'm not going to be happy until there is a guy standing in the mall with pockets full of cash and a smart phone wearing a bitcoin shirt charging $2 for exchanges up to $1000. Why, so he can get mugged? Bad idea. No one would do that. Everyone loves mall bitcoin guy. Just like nobody robs the Salvation Army Santas that collect change outside of stores. Oh wait, they do get robbed. |
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IMHO if you are not off by now you are either stealing electricity or the most efficient miner alive.
Or you are willing to wait a long time for returns. |
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Right, because a digital commodity with an in-finite supply would better hold its price  What makes you think it wouldn't? Have you looked at the GEM and Encoin proposals? People think it's a ponzi scheme because some people made tons of money quickly on the internet. After Bitcoin is around a while, and people see that holders of coins both lose and make money as in any commodity or business situation, the ponzi stigma will fade away. Suggesting that the "limitation on supply" is the problem is foolish.
Wishful thinking won't get this community anywhere. The ONLY way forward is for cryptography to become more widely understood. People will only truly trust Bitcoin once they get comfortable with the idea of keypairs and how message signing works. Until then, they will be uneasy about it.
Are you serious? The use of cryptography is basically the only aspect of Bitcoin that doesn't get heavily criticized. Sure it's not criticized, but it's not understood. 75% of the population either doesn't even know what a keypair is. That's kind of fundamental to understanding how Bitcoins are safely and securely transferred. The value is determined by trust. People need to understand something before they trust it. |
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The ONLY way forward is for cryptography to become more widely understood. People will only truly trust Bitcoin once they get comfortable with the idea of keypairs and how message signing works. Until then, they will be uneasy about it.
+1 Yesterday at the meeting of our local Bitcoin group we had a guest who more or less said exactly the same: for somebody who doesn't understand much about computers, let alone cryptography, Bitcoin is just as opaque as our current monetary system. To them it boils down to replacing bankers with geeks and that's not something many feel very comfortable about  I think it is time for a follow-up to the "What is Bitcoin" video - maybe a "How does Bitcoin work"... It should make the basic principles of Bitcoin accessible to the non-technical audience and it should do so in a way that does not oversimplify things. It doesn't hurt if it is a bit longer (~10 minutes), but it should give everybody the feeling that they understand Bitcoin and that they can really trust it. Someone less lazy than me and with more community trust should start a bounty. That's how the first one got done. I would probably put a couple dozen BTC towards such a bounty. |
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The ONLY way forward is for cryptography to become more widely understood. People will only truly trust Bitcoin once they get comfortable with the idea of keypairs and how message signing works. Until then, they will be uneasy about it.
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Thanks for the link --
If the mod wants to delete the OP, that's fine. Looks like someone beat me to this topic.
Sure is strange, though! There must be all kinds of scheming manipulators out there, playing with the market, all trying to make a buck...
Yeah... it could just as easily be someone dropped the price to spook the market before they did big buys. If you look at the hourly chart, there was 50k BTC moved on the downswing, then the next 2 hours combined about 140k BTC were moved, and the trend was up. |
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The point is, it's the same person that has both cash and BTC massive depth. You guys are getting schooled.
Let's hope so... That's what I'm here for. |
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There is huge gap . So what you are describing is an arbitrage opportunity that nobody is taking advantage of? More of a liquidity problem. The highest bid is right at $3 worth the rupees. You might be able to make a little money if you had access to an indian bank account and a reasonably inexpensive way to get the funds back to USD, but at 45 BTC/day volume you'll need a whole lot more buying pressure to make it worth your time. |
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I don't see that assumption when reading the paper. Did you read it or are you going by the very short snippet at the beginning of the thread?
My understanding after a few glances is that they base their work on the claim that nodes have the incentive NOT to broadcast the transaction (so that a node can increase its chances of getting the fees when it solves a block). This ignores the fact that clients broadcast transactions too. Any publicity is good publicity? This. They say people will cheat and not relay because they want the fees for themselves. I don't see that assumption when reading the paper. Did you read it or are you going by the very short snippet at the beginning of the thread?
Yes, I read it. The "problem" they are trying to solve (disincentive to relay) doesn't exist so long as non mining nodes continue to participate. Non relaying nodes will be routed around, just like any other form of censorship on a highly connected network. |
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Bitcoin, which has been getting a large amount of public attention over the last year, represents a radical new approach to monetary systems which has appeared in policy discussions and in the popular press. Its cryptographic fundamentals have largely held up even as its usage has become increasingly widespread.
We find, however, that it exhibits a fundamental problem of a different nature, based on how its incentives are structured. We propose a modification to the protocol that can fix this problem.
Bitcoin relies on a peer-to-peer network to track transactions that are performed with the currency. For this purpose, every transaction a node learns about should be transmitted to its neighbors in the network. As the protocol is currently defined and implemented, it does not provide an incentive for nodes to broadcast transactions they are aware of. In fact, it provides a strong incentive not to do so. Our solution is to augment the protocol with a scheme that rewards information propagation Paper: http://research.microsoft.com/pubs/156072/bitcoin.pdfSource: http://www.thebitcointrader.com/2011/11/microsoft-researchers-suggest-method-to.htmlThey start with the assumption only miners relay transactions. They use this to attempt to convince the reader of a need for their change. Classic Microsoft "embrace and extend" where the extension is just there to break compatibility. |
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There should be no monopoly on money creation. Bring all comers. Let the market decide. If there's fraud, prosecute otherwise let everybody decide what they want to use.
My guess would be silver, gold and some P2P currency will become prominent. But I'd be just guessing. I personally would like to see an energy currency of some sort (oil, NG, food).
Yay! Then the poor will be guaranteed to starve and freeze as well! |
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Here is my idea: I could be your personal broker to use the client, buy/sell shares, etc. It would be as easy as this: you send btc to an address I give you, then send me an email saying which shares to buy or sell.
I am still thinking about pricing, what would be fair? I could charge 1% per transaction? Or take a percentage of profits made?
You you're just executing client instructions, then a fee per transaction. If you'll also offer advice to "i have 100 coins, what now?"-customers, then a percentage of profits. That second group might as well just buy some LIF shares (Peter's funds). |
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Repayment on loan made early 11/12/11 in the amount of 42btc
I confirm. Thanks lixuidxd for the rapid repayment. |
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As per one of my other posts did you look at the shadows on the chips in this picture? Not to mention if that iron is hot (which I use a similar one all the time) I would not be taking my eye off it as they leave one heck of a burn. I deal with testing and certification of solar panels so I know all about ligthing and I do not see any possible objects that would create the shadows in this picture.
Obviously there is more than one light source in the picture, hence any kind of shadow weirdness you might be seeing. You guys have too much time on your hands. Can we just wait and see what happens? |
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Well it should redirect to my host any time now so it will show a blank page with a link to download the ballot access petition.
It's up, but there's a typo. Just thought I'd let you know so you can get it fixed. |
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Thanks I actually did sign up for bitpay and would probably use it.
My campaign manager only knows what I have told him about bitcoin. My leaning is that I will probably go ahead and do it. I think it is unlikely that I will raise any contributions with bitcoin that will run into reporting issues anyway, but I wanted to find out what the community thought. I don't plan to make any statements about it in my campaign but hopefully someone from the media will question me about it so that I have a chance to introduce the concept to people in my state.
The only thing that I need as far as help right now is in collecting signatures to establish a Libertarian party in North Dakota for ballot access.
Thank you for creating bitpay, I think the auto conversion should take care of the any valuation issues, though it would be nice to be able to use bitcoins for some of my campaign expenses. To print some lit perhaps.
You could perhaps pay your campaign workers a small percentage of their pay in bitcoins. |
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