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8901  Other / Off-topic / Re: Privacy Camp Toronto - March 19, 2011 on: March 12, 2011, 10:16:29 AM
Agreed. If there is anything about bitcoin, PM me and I'll probably go.


Barcamps follow the Unconference model, so the schedule / speakerlist is not known yet.
  http://en.wikipedia.org/wiki/Unconference

Quote
Interactive presentations

The agenda will be created barcamp styles, the day of. However, we want to give everyone a sense of the topics that will be discussed. So please share what you'd like to present below
 http://barcamp.org/w/page/36440921/PrivacyCampTO2


Of course you could participate by giving a short talk yourself.  

They even have a speed geek workshop:
 "Instead of talking to a large crowd, you have a conversation with one or two people about your idea for 2 minutes, then another 2 people for another two minutes and so on."
    http://en.wikipedia.org/wiki/Speed_geeking
8902  Bitcoin / Bitcoin Technical Support / Re: I've lost 50.04 coins, and recovered them. How could it be possible? on: March 12, 2011, 09:55:57 AM
To my supprise 50.04 coins appeared again. Is this really possible? Did bitcoin downloaded my coins from network?

Additional information:

  http://en.bitcoin.it/wiki/Key_pool

  https://www.bitcoin.org/smf/index.php?topic=1414.0
8903  Bitcoin / Bitcoin Discussion / Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011 on: March 12, 2011, 08:55:12 AM
Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Friday Mar 11th, 2011



Got a news tip, suggestion or comment?
  http://www.bitcoinnews.com/submit

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews
8904  Other / Off-topic / Re: Chase may cap debit card purchases at $100 on: March 12, 2011, 04:33:14 AM
On a related note:
  Go ahead [JPM/Chase, BofA, Citibank], make my day!
  http://bitcointalk.org/index.php?topic=3664.0
8905  Other / Off-topic / Re: Utah passes constitutional tender act on: March 12, 2011, 01:08:24 AM
And what happens when your subjects no longer want your fiat currency?

Quote
A recent crackdown has brought the unofficial foreign exchange market in Hanoi to a standstill.

Many gold shops in Ho Chi Minh City have ceased buying and selling dollars publicly to avoid stepped up government oversight.

A dealer in Hanoi told Thanh Nien that he only does business now with regular clients.

“Strangers may be police officers in disguise and I would be in trouble,” he said.
 http://www.vnnnews.net/vietnam-launches-crackdown-on-dollar-black-market

Quote
Vietnam's communist government on Thursday stopped issuing Gold Trading licenses, and vowed to ban gold-denominated bank accounts – now holding some $5.4 billion for Vietnamese savers hit by 12% inflation and repeated devaluation's of the Dong currency.
 http://news.goldseek.com/BullionVault/1299852417.php
8906  Other / Off-topic / Re: Utah passes constitutional tender act on: March 12, 2011, 12:51:07 AM
s/gold/bitcoin/ = WIN

I just realized that to some degree we today already have a bitcoin-denominated debit card.

I can leave $0 in my PayPal account and then just before making a purchase I can use CoinCard to add funds to my PayPal account using bitcoins.  I can then use my PayPal debit card to complete a purchase.

Of course, this isn't efficient either timewise or when considering fees.  CoinCard's fee for doing that conversion is 3%, or $1 + 1% for transactions $50 or more, and then getting funds back into bitcoins isn't the easiest or cheapest either.

However Bitcoin truly is leading the charge.  This combination might possibly qualify as the first commodity-denominated debit card option available to us.
8907  Other / Off-topic / Re: Utah passes constitutional tender act on: March 12, 2011, 12:34:48 AM
Fascinating...I wonder if it will allow for gold/silver-denominated bank accounts

Quote
Banks, even outside Austria and Switzerland, will quickly get up the curve of offering gold-denominated accounts once their corporate customers demand them. They will find that a substantial demand exists at the retail level also. Here, modern technology will be very helpful. An ordinary citizen will be able to use a gold-denominated account for day-to-day transactions by means of a debit card, without the need to carry round expensive sovereigns or double eagles.

  http://www.prudentbear.com/index.php/thebearslairview?art_id=10471

s/gold/bitcoin/ = WIN
8908  Other / Off-topic / Re: Utah passes constitutional tender act on: March 11, 2011, 11:47:56 PM

Quote
The bill has implications across the country. Utah is the first state to pass legislation to counter the Fed, but a dozen others have already proposed similar bills, including Iowa and South Carolina.
 http://blogs.forbes.com/richdanker/2011/03/11/utah-signals-dollar-distress

Quite interesting and promising.
BitcoinUSA is in Utah, isn't it? Will its owner consider making gold/silver exchanges for BTC as well? Smiley

Lots of innovation in Utah.  Including WingCash:
  http://bitcointalk.org/index.php?topic=4232.0

Regarding buying precious metals with bitcoins, there is a precious metals seller or two who frequent #bitcoin-otc IRC ( http://webchat.freenode.net/?channels=#bitcoin-otc ) who accept bitcoins.  

The Bitcoin-otc order book doesn't currently have any precious metals offers though:
  http://bitcoin-otc.com/vieworderbook.php  (at least not serious offers, ... slush has an offer to buy 1 ounce of gold for 1 BTC Grin )

These threads are also good reading:
  http://bitcointalk.org/index.php?topic=3409.0
  http://bitcointalk.org/index.php?topic=4280.0

8909  Bitcoin / Project Development / Re: Top reasons why bitcoin is awesome (or "killer feature list") on: March 11, 2011, 10:42:41 PM
I just had an idea to write down all "killer-features" of Bitcoin in one place,

There are also some concepts from the following that make it good reading regarding this topic:
  http://en.bitcoin.it/wiki/Ideal_Properties_of_Digital_Commodities
8910  Other / Off-topic / Privacy Camp Toronto - March 19, 2011 on: March 11, 2011, 10:06:26 PM
PrivacyCampTO2 returns with a focus on children, youth, people with disabilities and digital privacy.

Saturday, March 19 at the Rogers Communications Centre @ Ryerson
  80 Gould St, 3rd floor

http://privacycampto.org

Twitter: @PrivacyCampTO

Would love to see Bitcoin on the agenda:
  http://barcamp.org/w/page/36440921/PrivacyCampTO2
8911  Bitcoin / Mining / Re: Your electricity costs? on: March 11, 2011, 09:55:05 PM
I want to compare electricity rates around the world or US and if possible what your energy comes from.
 Some links from:
  http://www.bitcoinminer.com/post/2361900289

  http://en.wikipedia.org/wiki/Electricity_pricing#Global_electricity_price_comparison
  http://www.eia.doe.gov/cneaf/electricity/epm/table5_3.html
  http://www.eia.doe.gov/cneaf/electricity/epm/table5_6_a.html

  http://www.energy.eu/#Domestic
  http://www.energy.eu/#Industrial

There are other concerns:
  In some situations, the rate varies based on time-of-day peak periods:
  http://www.bitcoinminer.com/post/2858427974

  And for others, there marginal rate is significantly higher than the average rate.
  (i.e., the electricity for a miner is added consumption, so the each additional kWh for mining starts at the highest rate)
  For example:
  http://coloradoindependent.com/78499

  
Quote
Currently customers pay 4.6 cents per kwh for the first 500 kwh and then 9 cents for each additional kWh during the summer.
 
Quote
About 70 percent of households use 800 kilowatt hours or less [per monthly billing cycle].

  For reference, a miner running dual HD 5970s consumes more than 500 kWh per month, so the typical household in the example above will, with this miner, pay the higher rate for each kWh consumed by it.
8912  Economy / Economics / Re: Bancor: The New Global Currency ? on: March 11, 2011, 06:14:49 PM
implementation of a global currency, called the “bancor”, to stabilise the international monetary system,

  Alex Jones describes this scenario on Coast To Coast AM - Mar 8th, 2011
  Here's part 3 of 12 of the day's show in which Bancor is mentioned:
  http://www.youtube.com/watch?v=p2bmG4IlEqk
8913  Bitcoin / Bitcoin Discussion / Re: Difficulty to remain constant for the next month on: March 11, 2011, 05:50:56 PM
It would be very surprising (and easy to make money on mining) if difficulty (mining effort) did not follow the price.

Yes.  Except that because difficulty isn't high enough yet to discourage (a significant number of) existing miners, there will still be increases from:

  • New miners
    - How much of the press in non-english speaking countries have not had any mention of bitcoin yet.
    - Equipment ordered weeks ago finally coming online
  • Existing miners adding more hardware
  • Increases in efficiency -- either with the miner and/or in the pool servers
8914  Bitcoin / Project Development / Re: Top reasons why bitcoin is awesome (or "killer feature list") on: March 11, 2011, 05:38:03 PM
I just had an idea to write down all "killer-features" of Bitcoin in one place, so it can be used later to advertise it, or convince people to use Bitcoin.

  Like, for use in the bitcoin.org redesign?
  http://bitcointalk.org/index.php?topic=4223.0
8915  Bitcoin / Bitcoin Discussion / Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011 on: March 11, 2011, 09:11:43 AM
Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Thursday Mar 10th, 2011



Got a news tip, suggestion or comment?
  http://www.bitcoinnews.com/submit

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews
8916  Economy / Economics / Re: Bitcoin: Disaster Proof? on: March 11, 2011, 08:44:25 AM
On the con side:
1. Good luck buying yourself Mocha Latte in Downtown Disasterville using Bitcoin without any cell coverage or internet.

  Related: Options for offline-only users?
  http://bitcointalk.org/index.php?topic=1838.0
8917  Economy / Economics / Re: Who run barter town? on: March 11, 2011, 05:33:22 AM
if the $/BTC doesn't shoot up before the next 20996 blocks, miners will start quitting

In agreement with you 100% there.

and bitcoins will fail as no businesses will want to do anything with bitcoins either

I'm not quite sure the relationship there.  Bitcoin needs enough miners to protect bitcoin's integrity. How many, I've not a clue.  But I might be satisfied that that the 50 btc per-block reward (and then the 25 btc per-block reward after block 210,000) will keep a sufficient number of miners around.
8918  Bitcoin / Bitcoin Discussion / Re: Bitcoin killer app? on: March 11, 2011, 12:39:49 AM
If we can find a "killer app" for bitcoins, a commodity that can only be bought through bitcoins,

It is unlikey this would exist without bitcoins.  (I'm wondering its half-life even with anonymous bitcoins).
  http://movies.witcoin.com/p/376/On-demand-movie-rip-and-upload
8919  Economy / Marketplace / Re: Investors for bitcoin stock market and credit rating agrency, dev started! on: March 10, 2011, 10:40:00 PM
On a related note:

Quote
They've offered a virtual stock exchange enabling participants to invest virtual currency dollars into the different startup companies.  The virtual currency has no value outside the exchange however.  Maybe for next year's event their virtual stock exchange will instead be offered with a digital currency where real money is invested.

Wouldn't a better approach be where, that by the time Austin's city limits are reached, the winner is already funded?

  http://www.bitcoinmoney.com/post/3768248783
8920  Bitcoin / Bitcoin Discussion / Re: Difficulty to remain constant for the next month on: March 10, 2011, 10:09:49 PM
It predicts that difficulty should stay level or decrease slightly for the next month. We'll see!

Its' too bad that http://BitcoinSportsBook.com doesn't offer a current way to wager on that.  I'ld (hypothetically) put my money on the over, if I could.  Way over.
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