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Has anyone noticed the namecoin price creeping up too?
Any idea what may be causing this?
MTGOX where rumoured to be considering supporting these at one point too...
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Two Questions:
1. Is there anywhere I can see a list of the buy and sell order queued on MTGOX in the same way as Vircurex? I am aware of the wall graph but want specific figures.
2. If the current MTGOX BTC buy price is $95 and I set a buy order for 10BTC at $100 when I have no USD in my account, what happens when say $1,000 then arrives in my MTGOX account?
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Just posting a reminder that Redbedlam are taking bitcoin and need support for their kickstarter: http://kck.st/WqEG82They have a number of projects in the pipeline too which will support the bitcoin comity. |
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I'm doing a transfer and it seems to be taking for ever. Is the block chain slow or overloaded today? Are there any tools to investigate this?
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RedBedlam are now running a competition for anyone paying by bitcoin. Please do support their kickstarter to get The Missing Ink onto the iPad too if you like the game, its free to register and play: http://kck.st/WqEG82 |
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Hal, thank you for your sharing this inspiring story and being part of this technology.
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From what I gather some miners exclude all transaction data from the blocks they are mining – creating empty blocks – which means they can mine faster and improve their odds of receiving a reward for completing a block.
Has there been any discussion on creating an enforced minimum fixed block size so that if a block is empty the empty space still has to be filled with equivalently (or more) expensive 'noise' data to make it easier for miners to insert a minimum number of enforced transactions per block or be required to generate an equivalent or more expensive amount of provable work?
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To help the coins move from the weaker hands to the stronger hands. Somebody's gotta do it.
That is speculation. Bitcoins also have to act as a medium of value transfer, to act as a currency to have the value. Otherwise the speculation market will be just a speculation upon thing without real value. Of course. But the weaker hand is the speculator, and this drives him out of the market. Although I hold bitcoins, I continue to spend bitcoins when it suits my interests, whether that be convenience, or availability, or whatever. I also accept them for payment. But half the reason I hold bitcoins isn't because I'm speculating: it's because I don't need to spend the money right now, and to the extent I hold them, I'd rather hold bitcoins than hold dollars. I have enough faith that my bitcoins won't lose their value and therefore keep them as bitcoins - the fact that they have a reasonable upside that exceeds their downside (in my view) is just a bonus. I would still keep them even if my expectation was that their value would be flat. +1 |
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They are doing a kick-starter for The Missing Ink here: http://kck.st/WqEG82Any support would be welcomed as they are a small indy developer, and I suspect the first UK developer to accept bitcoin (correct me if I'm wrong). They have a number of plans for the currency in future so watch this space. |
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RedBedlam, a UK games company, is now accepting bitcoin for its lead title The Missing Ink: http://www.missing-ink.com/I am good friends with some of their developers from my university days and I've been discussing bitcoin with them and their CEO. They're no strangers to virtual currencies and economies having built a number of MMORPGs and now they feel confident in taking bitcoin alongside other payment methods they accept. They are working on a number of other games titles so this could be big for both the gaming and bitcoin communities. |
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Agreed!
I'm just jealous I did not know about this in 2009 as my opinion then would not be any different to that which it is now and I would have poured a large chunk of my savings into it.
I in fact wrote a sci-fi series on a very similar topic. A part of which revolved around governments mining resources in virtual worlds - like MMORPGs - against which the main virtual currency was based, like the gold standard. But specifically the rate at which one could mine was limited to match that of a daily world inflation rate so as to create a stable economy.
So you can imagine my reaction when I read about bitcoin - the key point here being that the network adjusted the difficulty based on the gross hashrate. Absolute genius.
Mind you I feel very luck for finding out about it now.
Perhaps I'll get my series published one day.
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A solid foundation in an unstable economy would be the making of bitcoin...
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Very funny! Where is this from? (I'm in the UK and this looks like US TV). |
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Before it was abolished, nobody knew how the cotton would get picked without slave labor. After they stopped using humans as property somebody figured it out.
+1 Legislation encourages innovation. |
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I think $40+ a bitcoin is already a bit insane. To me, this means that, probably not many people are actually paying USD for their bitcoins, but are rather acquiring them through other methods.
A very interesting point Zithras. Does that not also rule out the $ as the only form of commodity to exchange for value though? |
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You got $1 for killing a buck deer back in the day, hence the term "a buck". I have nothing relevant to contribute to the actual topic of this thread but thought I'll give you something QI.
+1 and me thinks you from the UK  . |
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+1. Thanks for that gradient vector. I've always thought it might catch in the third world and that could form part of a bedrock of stability for the rest of the system to take off from. |
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Yes, I would like TRC support on BTC-E too.
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