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That statement is indeed incorrect.
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Right.... Your talking past each other. Kiwiasian is correct that a the BTC/hashrate has decreased, and Xephan is correct that the total supply remains fairly constant. A wider distribution of the new coins however is a new factor after the last major rally.
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I just found that thread
So, finally, what's going on? The project is abandoned? Are some people still interested?
I will pledge 1 bitcoin to whoever makes this installable through Cydia. |
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nafai: I agree with your complaint. Having to pay money to get a signed key is madness. Browsers should handle self-signed keys better, and there should be a "web of trust" instead of a centralized "tree of trust" for verification. The current system of blindly trusting all SSL issuers is not exactly secure.
On the other hand, if you run a business site, it might be more profitable to pay a few $ in addition to your domain lease for a certificate even if just to put your customers at ease. This was the point of the OP and I also fully agree with that.
+1 |
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is it safe ? What I am afraid of is this : post office employee scans all bitbills' banking cards he can get hands on and just waits for deposits... makes me wanna work at the post office  Theres a problem here. If your mail is opened and any personal data is extracted without your consent, that is mail fraud, which is a federal offense, and is the reason for federal postal inspectors. Anyone that opens a letter at a post office would probably be subject to investigation and most likely arrest. Also, most mail is sorted automatically, so how would it look when someone starts opening letters as soon as they get to the post office, before they can get to the sorting bin? Croatia is my country, I know for a fact , that by the law, I must bring ALL packets for sending outside my country OPENED, they inspect it, then they seal it and send it, by that same law, customs officers OPEN all packets when they arrive in my country, and they do exercise that, I have gotten all of my packets opened and repackaged by them so far The bank cards initially come with a sticker over the QR code and private key. If these are tampered with or missing, do not use the card.
^this |
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Are the messages just broadcast until everyone has seen them, and those that care record them? Or are you wanting to encode the messages into a block chain?
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Right on cue..
Any wagers as to what the price is going to drop to this weekend?
I'm predicting low $12's...perhaps a tad under $12...
I doubt we'll break below 13. |
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you are setting zero fees to the client but it sends a fee without telling you. I don't know of any versions that did that. The most recent version (v0.3.24) will pop up a dialog box that says the transaction fee is required and will display the amount. its not only the fact that there is no FAQ Added. - http://en.bitcoin.it/wiki/FAQ#How_much_will_the_transaction_fee_be.3FPlease know that the client cannot say something like: the fee for getting this transaction processed in the next block is N bitcoins. That is because there is no set fee. When the client comes up with a number, it is only making an estimate. It is up to the miner to determine whether or not to include a transaction. The higher the fee, the more likely the transaction will get included. Even a high fee though is not a guarantee. Currently, the 50 BTC reward is adequate for many miners so that is why you will see transactions with no fee in many of the blocks yet. It could however give an average fee/kb for the last 10 blocks or so. |
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The bulls know that people want to take advantage of the dip, so they wait for people to sell instead of moving up the price.
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I've seen a number of back-of-the-napkin calculations estimating how many dollars 1 BTC would be worth if bitcoin took 1% of internet transactions, or what have you. But these estimates always seem to hold velocity of money constant; ie, they assume that the velocity of bitcoin in these situations would be the same as dollars or whatever they're comparing to. Is that true? Or could you argue that the velocity of money in a BTC economy would be greater because the transactions are easier and cheaper?
It definitely has less drag, but does it have as much thrust? |
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I can't say I see them as disadvantaged in any way. However, if any early adopter disagrees and would like to trade shoes, I'll gladly take them up on the offer. deal. just to be clear, in this exchange you pay to me the amount in dollars that i paid, as an early adopter back, for 10 btc back in june and i pay to you the amount in dollars that you, as a later adopter, will pay for 10 btcs at the present time. Exactly. If you hold BTC today you are an early adopter. Less than a third of the currency has been issued at this point. |
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I think we'll see slower, but steady growth as the economy expands. New businesses inspired by the last big rally are just now starting to come online. The movement in and out of fiat is being smoothed, but it still has many rough edges. Patience will win the race. When mtgox fees come back into effect for everyone there will be less liquidity and wider swings, but as competition drives fees down a good level will be found. Mtgox will lose a major advantage for a lot of traders unless they keep 0 fee trading as a subscription fee. I would prefer not to have that unless the price remains low enough that even the small guys can get in.
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To those who complain about the early adopters, consider that they have bought into a currency that is inflating at over 30% a year. The inflation tapers off, but there is a lot of inflation left before we get there. This high inflation is how Satoshi addressed the early adopter issue.
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Right. We will have much less liquidity, so imbalances will build up longer before correcting. Movement will be more jerky, but not necessarily up or down.
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What's special about bitcoin that you logic applies to it, but not the dollar? I don't necessarily disagree with you, but I think netrin has a point.
They're apples to orange comparisons. An inflationary (dollars) to deflationary (bitcoin) model for one. Except the supply of bitcoins is inflating even faster than dollars. The deflationary aspect of bitcoins only applies when the merchant and manufacturing economy grows rapidly, or when the inflation tapers off many years in the future. Right now they are both apples. |
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What's special about bitcoin that you logic applies to it, but not the dollar? I don't necessarily disagree with you, but I think netrin has a point.
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Disregard, I just read further down:
Will NMC mined prior to block 24k become invalid?
No, not at all. The old blocks are checked based on the old rules. Thus you don't need to worry.
Right, the the only waste is the mining done after the new client gets half the hash power by those who haven't upgraded yet. |
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