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841  Bitcoin / Bitcoin Discussion / Re: We need only 1 big company of USA to start accepting Bitcoin on: November 09, 2013, 02:07:14 PM
I believe the biggest company accepting bitcoin in USA is wordpress.com?
842  Economy / Service Discussion / Re: BITMIT IS CLOSING on: November 09, 2013, 01:47:07 AM
I'm not sure why can't they simply sell the site? why announce a shutdown, and then says "if you are interested in buying the site contact us"? this has already destroyed much value in the site.
843  Other / Politics & Society / Re: A black box in your car? Some see a source of tax revenue (In the USA) on: November 07, 2013, 02:10:39 AM
Um that's dumb, why not just tax gasoline like almost every other country? surely the more gasoline you purchase,
the more miles you have driven.

That worked well in the past.  But the future vehicle is not powered by gasoline.  Do electric car tires wear down the road any slower?

That's easy, electric cars use batteries, these have a limited life. Just tax new batteries.
844  Other / Politics & Society / Re: A black box in your car? Some see a source of tax revenue (In the USA) on: November 07, 2013, 02:07:22 AM
Um that's dumb, why not just tax gasoline like almost every other country? surely the more gasoline you purchase,
the more miles you have driven.
There has been a federal gasoline tax for decades, seems like it is $ 0.21 per gallon.  So there is enough money generated by that to maintain the roads and bridges - but remember, the revenue all goes into the general fund, then Congress spends it.

One argument is that smaller and fuel efficient cars use less gas and thus revenue is down, but this isn't true. 

More likely it's that they want data on everywhere everyone goes.  That'd be a goldmine by some peoples' twisted values.

Yes, I know there is a gasoline tax, I'm saying if it's not enough, why not just tax gasoline more, instead of installing some stupid blackbox recorder in every car. US gas price is among the cheapest in the world.
845  Economy / Speculation / Re: 20 articles on 'Bitcoin is broken', researchers warn' doesn;t move price? why? on: November 07, 2013, 02:01:56 AM
Because it's obviously false, anyone with half a brain can figure it out.
846  Bitcoin / Bitcoin Discussion / Re: do you engage in bitcoin gambling? on: November 04, 2013, 10:14:11 PM
I won over 100 BTC on SatoshiDice, then I stopped. It was very risky though, I was using a martingale scheme, and I nearly lost 200 BTC on one of the round, though my luck came thru and my last 100 BTC bet was a win.
847  Economy / Speculation / Re: Price of bitcoin in 5 years? plus explanation not a gambling thread. on: November 01, 2013, 04:40:17 PM
I think the price is going to be around $400. It may have topped at several k$ in the meantime, but I don't see how the scalability issues could be handled in time for BTC to continue on its current exponential trajectory.

(I believe the current rally is an outlier and we are going to see much lower prices before seeing much higher prices, as well.)

What scalability issues?

The 1 MB block size limit.

Why would this be difficult to resolve? I am betting all my bitcoin on this getting resolved before it becomes an issue  Smiley.

You just lost all your bitcoin then. It is already an issue, we have hit 1MB blocks before, and no it haven't been resolved.
848  Bitcoin / Bitcoin Discussion / Re: BREAKING NEWS: Bitcoin ATM on Xinwen Lianbo of CCTV (China) on: October 28, 2013, 03:44:59 PM
Xinwen Lianbo is unique because it's the only program required to be syndicated to ALL TV stations at 19:00. Basically, when you turn on your TV in China at 19:00, there is nothing else on, except Xinwen Lianbo. It is the voice of the CCP.
849  Other / Politics & Society / Re: A black box in your car? Some see a source of tax revenue (In the USA) on: October 28, 2013, 12:48:32 AM
Um that's dumb, why not just tax gasoline like almost every other country? surely the more gasoline you purchase,
the more miles you have driven.
850  Bitcoin / Project Development / Re: Distributed reddit style forum? on: October 28, 2013, 12:36:26 AM
I guess you'd need some kind of captcha, otherwise everybody will put their old gpu's out mining spam and moderating the crap out of it.

That's easily avoided, a simple "strike" system will do. If you get too many peer moderated strikes, your account get banned for a period of time.

Also, I think "account" would be a valuable thing, basically you get more trust/privilege/moderation/post per day etc... if you have a long account age without being banned. One ban would set your account back a lot.

Basically, a newly generated account would be worthless, can't post until online for x hours, can't enter "hidden forums", can't moderate etc... People can set up advanced forums, that only "aged" and well behaved accounts could enter.
851  Bitcoin / Bitcoin Discussion / Re: FBI Seizes DPR's personal coins! 144,000 coins! on: October 26, 2013, 08:44:28 PM
God DPR is a fucking moron. don't get me wrong I'm all for freedom, but bloody hell!

amateur mistake lead to his capture.

really amateur way of letting all his coins get captured.

why didn't he just hide 10,000 in a dozen random places. God I know if I had 20 million I'd hide it in at least 5 different spots.

I just hope that all the coins are sold off in one go.  plummet the price so I can clean up Smiley

I always thought DPR was an arrogant douche, he always talk like he's so smart and he can never be caught. He reveals so much information about himself, and thought nobody could connect the dots. Success breeds complacency and hubris, it always happens.
852  Bitcoin / Project Development / Re: Distributed reddit style forum? on: October 26, 2013, 08:37:27 PM
So we have people working on distributed markets, exchanges. How about a forum? reddit is becoming nazi with the banning of /r/girlsgonebitcoin and others (such as the subreddits created by violentacrez). What about a reddit style, anonymous, p2p, distributed, extensible forum system, that is truly user moderated? In fact, this forum can be the umbrella for all other types of apps, such as markets, and exchanges, they will just be a extension of the forum, and users who need such functions, can just install an extension and obtain the functionality.

User moderation will end up in chaos. The rest sounds like a nice idea. The problem is that most user probably will stick to this forum.

How so? craigslist and reddit are nearly entirely user moderated, except in rare cases where supermods step in and often result in unfair bans.
853  Bitcoin / Bitcoin Discussion / Re: 40 Second Bitcoin Commercial on YouTube on: October 26, 2013, 08:35:17 PM
oh please, don't be ridiculous. You didn't pay for those police equipment, the rich and powerful did.
47% of Americans pay net zero tax, and I bet 90%+ of the "occupy/protesters" fall into this category.
854  Bitcoin / Project Development / Distributed reddit style forum? on: October 25, 2013, 04:29:26 PM
So we have people working on distributed markets, exchanges. How about a forum? reddit is becoming nazi with the banning of /r/girlsgonebitcoin and others (such as the subreddits created by violentacrez). What about a reddit style, anonymous, p2p, distributed, extensible forum system, that is truly user moderated? In fact, this forum can be the umbrella for all other types of apps, such as markets, and exchanges, they will just be a extension of the forum, and users who need such functions, can just install an extension and obtain the functionality.
855  Bitcoin / Bitcoin Discussion / Re: 40 minutes since last confirmed block - that's scary on: October 25, 2013, 02:15:15 AM
oh please, it only happens every single day, real scary stuff!
856  Economy / Speculation / Re: Winklevoss Bitcoin Trust on Bloomberg on: October 24, 2013, 04:51:52 PM
What's the use for a sponsor though? From the wording I assumed a sponsor was required to show you could find another entity which backs you up.

Usually, having a "good" sponsor is important because most ETF sponsors are experienced in the field.  This new sponsor entity has never done this kind of work, so to the extent that's a plus for an EFT, this entity lacks it.  However, even entities experienced in this kind of instrument have never done a Bitcoin EFT, so the whole project is terra incognita, even to the "Big Boys." 

I think it can and should be treated (at least by the stodgy fund guys) as what it is, a high-risk, high-yield investment opportunity, and given the proper place in a portfolio based on that.  The fund is higher risk than BTC itself, IMO, because of the not insubstantial risk of the Winklevoss twins or their people themselves somehow screwing up, losing the keys, or getting hacked, because their trove of coin is going to be a fat, juicy target.

The twins has owned 1% of Bitcoin for years, without screwing up. I don't think they'll start now
857  Bitcoin / Bitcoin Discussion / Re: Breaking news: Baidu (NASDAQ:BIDU) accepts BITCOIN! on: October 24, 2013, 01:06:18 PM
First Baidu.com

Then Google.com

Then BTC = 500 USD

Add a few zeros.  Really.  (In your unlikely scenario but very welcome, that is.)



Why? Baidu is about 30% of Google's in terms of total user, and it barely moved the price.
858  Economy / Speculation / Re: Hardly any 'bubble' talk this time on: October 22, 2013, 01:42:49 AM
It's not even a bubble yet, too early. At least wait for it to go parabolic
859  Bitcoin / Bitcoin Discussion / Re: Your biggest bitcoin regrets? on: October 19, 2013, 01:58:43 PM
I bought Litecoin, once.

Biggest regrets:
* bought LTC at 0.002, sold all at 0.004, then it went on to rise to a height of 0.05+
* bought 23 shares LTCGLOBAL at 500 LTC per share, sold at 20 LTC per share since it's shutting down.
* sold 25% of my BTC holdings at $100 (though my average price was $15, so I still recovered my original investment already)
860  Bitcoin / Press / 2013-10-18 Yahoo:Reddit founder on TV discusses coinbase and Bitcoin popularity on: October 18, 2013, 02:09:04 AM
http://finance.yahoo.com/blogs/daily-ticker/reddit-founder-next-big-thing-m-investing-190928208.html
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