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I have had several smooth buys and sells today. Haven't yet tested withdrawl of CAD to bank account.
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Security does not spring from might, but from all people having access to the necessities of life.
You're kidding right? Why does every generation have to learn the same lessons over and over again.  |
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Wow, you've dropped quite a bombshell with your first post. |
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I'm very glad to see a Canadian exchange spring up. Nice also to see a contact phone number.
It would be reassuring if we saw some actual owner names and business address on the website. Links to long-established Facebook profiles and Bitcoin forum profiles would also provide a level of assurance.
And a Facebook page would help users promote the site...
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Possibly these very negative posts do serve a good purpose. By scaring away speculator noobs who are here just to make a quick buck and don't really understand what bitcoin is, it reduces the risk to the rest of us that someone will lose a pile of money, run to their congressman to whine about it which in turn brings a lot of ill-conceived government regulation.
By maintaining this as a community of bitcoin devotees who understand this is more than a get-rich-quick scheme, we will grow more steadily and on a firmer foundation.
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back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.
Some people might have tried to be all over it (it's called arbitrage), but there are a couple things to consider. What is the volume being bid on at Britcoin? Was it 50 or more btc, or just a few? Also, actually getting btc at $13 on mtgox was very difficult. I placed two orders well above the $13.xx asking price and my orders didn't get placed, probably because of an overload of activity on their server. |
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Bitcoin could very well fail in the marketplace. That doesn't mean a deflationary currency is inferior to an inflationary one. It just means more people 'vote' for inflation by adopting the inflationary currency. Assuming that we're talking about a perfectly free market, wouldn't the failure of a deflationary currency in competition against an inflationary one mean precisely that? I guess it would be 'market failure', in that the market did not choose it. That doesn't make it a practical failure. Free marketers don't necessarily believe the market always makes the perfect value decision. For example, Car Company A model 1 may be a better value than Car Company B model 1, that doesn't mean it will succeed if everybody likes Car Company B because it is the local employer. |
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If you're just going to make up your own definitions for words then there's really no point in having a discussion. You mean like how the libertarians and ACists have redefined the words "violence", "force", and "aggression"? (Hint: If I snatch your coat off the coat rack while you're dining in a fancy restaurant, I have not used force against you, my act was non-violent, and I have not aggressed against you.) Actually that is called "theft". Violence, or more exactly the threat of violence, is what the government uses to take your coat and give it to somebody else. For an understanding of how this works, see this article by another bitcoiner: http://www.nostate.com/116/the-penalty-is-always-death/ |
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I might be misunderstanding the OP's question, but assuming I'm not...
Bitcoin could very well fail in the marketplace. That doesn't mean a deflationary currency is inferior to an inflationary one. It just means more people 'vote' for inflation by adopting the inflationary currency.
Just as they've voted for inflation over the last 100 years by constantly re-electing politicians who promise them 'freebies'.
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«there is no violence involved»... "violence" has many forms. If a corporate owner is so eager to keep his "richness" that puts all the folks around starving, that's a form of violence and then I'm pro that that guy to be hang, beaten, whatever... or just have him paying taxes; maybe the last option is the less violent one. Also you need "violence" to keep your property, otherwise someone would just come to you, kick you and get all he cans... or you kick him to remain with your belongings. This is a world of violence. All that "non-violence" BS is so of narrow view! If we can do it that less brutality, that's already good enough. (BTW, your profile pic is violent)  If you're just going to make up your own definitions for words then there's really no point in having a discussion. You seem to think a so-called rich person who doesn't give away his stuff is being 'violent'. Well then I guess the world is full of "violence". If we're going to redefine violence we might as well redefine 'poverty' and 'wealth'. Oh wait, that's already been done too. And where is this place where "all the folks around starving"? No socialist politician in Europe or North America is talking about feeding the starving. They are talking about taking from the working and giving to the fattest 'poor' people in the world. In fact they exacerbate the real poverty in other countries by erecting trade barriers. They don't seem to care about the truly poor, just their own constituencies. |
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What is it that makes a rich persons "right" to keep their surplus triumph a poor persons right to medical care/food/other-social-benefit?
The difference is that there is no violence involved in the 'rich' keeping what they have earned. Giving the 'poor' free medical coverage requires forcibly taking, with threat of violence, something from other people. But really, why do socialist types always insist that medical care, education etc. be paid for through taxes? Since the unions have a lock on the education and healthcare industries, why don't they simply tell their membership to provide these services for 'free' to the poor? Since unionized teachers and other workers seem to vote Democrat/Socialist in strong numbers, they surely won't object. Problem solved, no IRS required. |
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I wonder how much Wikipedia could make using this?
So pardon me if these are dumb questions, as I'm not technical, but could this be redesigned to be a browser plugin? Something Mozilla could use to pay the bills?
Or, could it be a browser plugin that could be custom-branded by charities, sort of like those branded search bars, and used for fundraising?
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So since this forum now seems to have 1000+ visitors most of the time, it would be a good idea to run this applet here and generate some btc!
[edit] ChatRoulette could finally monetize all that traffic.
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S3052, where can we sign up for your subscription service?
Any decision on posting your updates on Facebook?
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Actually sub-forums for many different countries, not just Canada, is what I was suggesting. Assuming each has a moderator, I don't think it would become to unwieldy (but I really don't have a clue what I'm talking about in that last sentence).
Currently very few forum users fill in the location field in their profile making if difficult to connect with bitcoiners in your own country or province. How many Canadians at this forum aren't even aware there is an effort underway to build a BTC<->CAD exchange with interac email transfers? Perhaps some of them have the technical skills to help make this happen more quickly. This scenario is likely happening with other countries as well.
I guess country-specific forums could be setup at a different URL, but it would be nice to keep as much of the community at bitcoin.org as possible. At least until we've grown substantially more.
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I think country-specific forums would be useful. It would help nationals to find one another to organize off-line events, trade bitcoins in person, etc.
If you create a Canada forum and need a moderator I am happy to volunteer.
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i think for the bitcoin community as a whole, not having darkpools would make the system alot fairer to the average joe user.
This presupposes the 'average joe user' is short-term speculating, and that speculating is a zero-sum game to which everyone is entitled to all the facts. Individuals should be making buying and selling decisions based on their own circumstances and where they think the value of bitcoin is going. If someone is playing the very dangerous game of day-to-day speculation, then they should be sophisticated enough to live with the fact of dark pools. Note that dark pool users also have no idea what other dark pool users are doing. The idea that everybody is entitled to know what everybody else is doing is somewhat akin to those forum members who seemingly want to punish early adopters because they had the 'unfair advantage' of finding out about bitcoin before everybody else. Your own happiness shouldn't depend on other people being unhappy. Your own buying/selling decision shouldn't depend on everyone else's buying/selling decision. this makes no sense. first, no one said they were presupposing the avg joe was short term speculating. individuals never make buy/sell decisions based ONLY on their own circumstances; they view what they can of the market and incl. that info into their decision. dark orders obscure that view. lets say i have 10 million dollars that i want to trade for btc. we all agree thats a huge order and could move the market up if normal order joes knew i was out there. why should i be able to obscure that order in a dark pool? w/o dark pools i would be forced to buy up small batches to obscure the fact that i have alot to buy. yes, it would be tough but the market doesn't owe me anything just b/c i have more money to invest than the next guy. i know that i have 10 million to buy and adding that info to what i can see of the market depth gives me more info than the normal traders in a dark pool situation. So if I want to trade $10 million in bitcoins face to face with my neighbour do you want me to report the order to Mt Gox so that you can get a look at it? |
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