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I assume that, since the genesis block was pregenerated, it doesn't have an "origin IP" as most blocks do today?
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Read the docs. Value can be transferred offline, provided your device has a microSD slot or a USB socket. However, iPhone users will need to be online.
There's a central issuer, but there's no central transaction server. Transactions are validated between the buyer's and seller's device.
this is going to be so funny when i double spend thousands of dollars.  Yeah, that's the stinger. Theoretically, the whole system is secured by their custom chip, which does the handshake with the recipient to prove that it's a legit source address (and uses challenge/response to negate replay attacks). But that means the first person to extract the private key from one of those chips may as well have stolen a Royal Mint rotary press - they'll be able to generate as much money as they want, and for free. And cracking a chip to extract the private key is something criminal elements have done for much less substantial rewards. |
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my kitchen calendar say 15 16 17 You must follow a different calendar then we do. the one that the church sell for 1 euro Is the church you bought it from of the Eastern Orthodox persuasion? They celebrate Easter Sunday on a different day than other denominations (not relying on weird equinox moon calculations). So for them it's the 15th this year, but it'd be the 8th for American cultural celebrations (and Catholics). |
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Bitcoins end cheating.
Okay, you're going to have to explain this one. I mean, Bitcoins end one specific kind of cheating: loaning out money you don't have. That's a far cry from ending all the dirty tricks that let people with maneuvering room skim the cream from society at large. |
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The asks on the order book are fake. They're there to manipulate people into selling their bitcoins for cheap.
That logic cuts both ways, y'know. The ask side isn't the one with a 50k wall  |
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I wouldn't rule it out, but I think it's unlikely.
A lot can happen in nine months.
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This article seems like really good coverage of the situation as it stands (although it made that mistake of spending three paragraphs talking about a minor detail that the writer found funny). why so negative? You won't need any stupid investors to bring the price higher.... The only stupid investor is someone that doesn't believe what bitcoin is and what it can offer...
The argument is that if there are stupid investors, then there is more profit for smart investors. |
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Where do you plan to get your goods?
If you're buying them with fiat, how much of your gross income do you expect to have to immediately convert back to said fiat in order to restock?
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Yes. I'll accept 0.8BTC for it, and as before it'll include the "above the average" game.
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...those exist? I had half thought that they were just made up for the 70s Willy Wonka movie. |
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I've heard people say the same thing about poker. Although, at least in their case, they were usually the ones who'd be taking my money if I lost.
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(TBD, but perhaps "In Cryptography We Trust). "Strength In Numbers" or "Safety In Numbers" is my favorite variant of this slogan. About how big are these coins? |
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Food is usually my biggest draw - for various reasons I don't want to buy it right now, but in a few weeks I'll probably be hitting up the CANDIES thread, and the Girl Scout Cookies one if it still has stock. I'd be especially interested in anyone selling cheese, nuts, or a nice vegetable juice blend.
While I buy other stuff occasionally (mainly computer/electronic components and clothes), it's not often enough to say that I have significant "demand" for it, and computer components at least are unusually high-demand in this community.
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There's no actual clothes on the site. Is the idea that he'd be printing the designs on t-shirts and stuff?
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I have not. However, my positions haven't been this risky before. I am only doing this because I am very certain.
So you have confidence in the good intentions of the person who put up the bidwall? I mean, if it's a trap like it was the last couple times, this right here is a very juicy argument that it's time to spring it. |
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See, I was about to say that 10:1 leverage could be short squeezed just a little way past the bidwall. But then he posted that screenshot.
I mean... 982BTC long with 1000BTC on deposit? That's nowhere near 10:1, you fibber.
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If you need to ask whether to use 10:1, you shouldn't be using 10:1.
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is it basically an internal betting system?
I think it's quite clever, but don't quite understand how it works. I thought it was margin lending, but that's not the case, is it?
There's no "betting" going on, at least no more than any margin trading is a bet. In theory, if you go long on Bitcoinica, it places a Buy on Mt. Gox and puts the coins in a box with your name on it. If the coins become worth less than they lent you, they'll repossess the box to make sure they don't lose their loan money. Otherwise, you can open the box at any time and take your coins out of it. Shorts are the same way, except that it places a Sell on Mt. Gox and puts the fiat in your box. But! Let's say that one guy goes long and another guy goes short for the same amount at the same time. In that case, you don't need to go to Mt. Gox; you can just put Mr. Short's loaned coins in Mr. Long's box, and Mr. Long's loaned dollars in Mr. Short's box. So, I'd describe Bitcoinica as "margin lending plus a 'shadow' exchange". |
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When are you planning on getting more in stock?
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So, just to check: those white pins on the new red boards are for fans, right?
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