I have thought about this as well. We are relying too heavily on the fact that bandwidth is essentially free for most people with a monthly data plan.

But I do not see this as a permanent solution.

I do think the best way forward for the Internet is to have a sort of pay to play type of setup where you pay for your bandwidth usage from remote site to your computer. I believe bitcoin is the answer for how to pay for this, but am not sure of the best method yet.

In such a scenario, each node in the network would get paid based upon the amount of traffic that passes through their node. So people would want all of the Bitcoin traffic to pass through their nodes so they can get paid for it. Also, locations where a lot of traffic is generated will have a lot of people around it helping to pass the traffic.

Since I will soon be opening up my software (BitPools) for initial testing I will chime in on this.

Crowdfunding in the current sense is ok, but it can be improved by using bitcoin.

With current crowd funding a problem is usually presented with the solution up front and the work is done toward funding that solution.

With the BitPools approach, people will pledge funds toward a problem. When a solution is agreed upon by enough people it is then funded.

The use of Dominant Assurance Contracts will encourage people to work together toward solving a problem where even if everyone is not in 100% agreement on the solution, they are still satisfied with voluntarily contributing.

Bitcoin makes things a lot easier because of its transparency which allows people to pledge support for a project with the ability to prove that they hold enough bitcoins to support the pledge while never needing to actually part with their money until it is to go into use.

Using BitPay the merchant chooses the percentage of the daily total to be paid in dollars or bitcoins.

Sure, I will play. I wonder how this would go as a bitcoin gambling game.

So if there is no real punishment, if there is a way for things to be paid for, then I should be able to not pay taxes right?

If it is no big deal for me to pay taxes, then it should be no big deal for me to not pay taxes.

Food has become less and less a main budgetary concern for most people as opposed to years past. Your whole day sort of centered around getting, preparing, eating your meals. If you look at needing to take the wheat and grind it then bake it in the wood stove, etc.

Now food eaten is less a necessity as an experience. We want variety, taste, health, atmosphere, etc.

If I could have whatever food I desired based upon the increase in bitcoin's value I would still continue working to accumulate bitcoin because I have goals and ambitions beyond just sitting around eating.

I played this once in high school where they were trying to teach us some sort of lesson.

Instead of the kill/trade they just had us do rock paper scissors with our hands but just one finger or two to show our choice.

I understood where the teacher was going with this and understood that by choosing the one finger (trade in this case) each time that if my partner did the same then we would both end up with the highest combined total. My partner did not quite get it through and put out a two finger every once in a while getting more points. But there were a couple of other people who had higher scores than her. Her being hot may have played a role as well.

Paycheck: $1,000
Bank Account to Dwolla: $1,000
Dwolla to MtGox: $999.75
MtGox $ to BTC: $994.75 worth of BTC

Average daily increase in Bitcoin value for the past two years: 8%
Day 1: $25 gift card: $25.16 worth of BTC
Day 2: $25 gift card: $23.16 worth of BTC
Day 3: $25 gift card: $21.33 worth of BTC
Day 4: $25 gift card: $19.64 worth of BTC
Day 5: $25 gift card: $18.09 worth of BTC
Day 6: $25 gift card: $16.66 worth of BTC
Day 7: $25 gift card: $15.35 worth of BTC

A conservative estimate where the Bitcoin value only doubles over the next year: .25% increase per day.
Day 1: $25 gift card: $25.16 worth of BTC
Day 2: $25 gift card: $25.11 worth of BTC
Day 3: $25 gift card: $25.07 worth of BTC
Day 4: $25 gift card: $25.03 worth of BTC
Day 5: $25 gift card: $24.98 worth of BTC
Day 6: $25 gift card: $24.94 worth of BTC
Day 7: $25 gift card: $24.90 worth of BTC

So, if you do not blow your paycheck right away and spend throughout the week, the benefit of using BTC goes up every day.

Volatility? Through dollar cost averaging the more often you invest equal amounts the closer you will be over time to the average rate of increase.

That 1% you get back at the end of the year on your credit card is denominated in a currency that has over 10% yearly loss in value.

Would there be a way to set up an android emulator on my PC and send a gift card to my mother for mother's day on her iPhone?

I am in Afghanistan so no phone (well, I have a cheap Nokia for emergencies).

make your time

So, you would rather have taxes instead of free money because Republicans are bad.

Makes sense.

It was already mentioned that it will not be static. Moving at a constant rate of "<5kn in a figure-8 pattern".

This guy is based out of Houston, is he the one that took part of Ron Paul's district seat?

So, instead of hoarding...the best way to make money in this system is to have as little money possible. Then when the distribution takes place, sell all but the smallest amount.

Sounds good to me. I will take .00000001 of these coins please.

According to the map on that page, Satoshi lives in middle of the ocean off the coast of Africa.

Satoshi either lives under the sea or is a seasteader. There is no end to his advanced thinking.

This is great, I look forward to paying my bills with this service.

Is there a reason that only rent is allowed as opposed to a mortgage?

So you're telling me there's a chance...

I have considered writing a program to be able to track who is who on the Internet based upon their writing style (note, I have come close to working on a government project where I could have done just that...your identity is not safe on the Internet).

Most people have a very limited vocabulary depending upon intelligence. I believe the number I saw was around 150,000 words on average. Not everyone will use the same 150,000 words so if two people do a lot of writing on the Internet, they will likely write a good chunk of their own word base or a main subset. If two different people's word set do not correlate, then they are likely different. But, if you have one person's total writing and then you compare it against the words of many people you can get a percentage of word usage.

More importantly, most people will have similar sentence structure or use combinations of words in a more telling way than their bucket of words. So I would have taken combinations of words added together and given them more credit toward the possibility that two people are the same.

There was a study done taking a similar approach to news articles and comparing those articles to wording used by congressmen to show which congressmen were using the language of which news articles. They then gave a percentage to the various news agencies of whether they leaned more democrat or republican. Most sites correlated just about how you would think, CNN, MSNBC, etc favoring democrats while FoxNews favored republicans. Surprisingly Drudge Report came out as the most balanced but that is just because they link to several different sources of news.

Personally, I actually change my writing style on the Internet for this very reason.

Do those broadcasts mention that most of those massacres take place in places where having a gun is illegal?

Global Network of Hackers Steals dollars worth over 385,000 BTC From ATMs


http://abcnews.go.com/US/wireStory/global-network-hackers-steal-45m-atms-19148657


Is the dollar safe? Should I sell all of my dollars until this security flaw is fixed?