The problem is the way bitcoin is presented. You guys all like it because you are libertarian types. But keep in mind that the vast majority of people in the world aren't. But bitcoin doesn't just appeal to libertarian types. All you need to say to promote it is: Bitcoin is a free paypal that anyone can use. Please leave the libertarian, going to replace all other currencies, take over the world stuff out of it. That just turns people off. The only important thing for people to know is that it is better than what people use now for online payments. This seems misleading, as Paypal is a transmission method for supported currencies while Bitcoin is a currency of its own. Saying it's like Paypal might lead people to believe that they can use it anywhere Paypal is accepted, rather than the limited number of merchants that accept Bitcoin. |
|
|
|
One drawback is that the people distributing the generic bitcoin client could pull the plug on all the alternative block chains by having their client reject blocks which have a non-standard coinbase. As alt-chain-compatible blocks would not be accepted and relayed by clients, the alt-chain supporting miners would essentially drop off the network. The bitcoin network would experience a drop in hashing power as these clients left but would otherwise continue unaffected. Hmm... I'm not sure this would be an issue as long as large or lots of miners adopted this method. I imagine a pool that offered mining of all complementary block chains would be quite popular, and it would be in the best interest of everyone who wants to receive confirmations that they accept these types of blocks. |
|
|
|
Ok. This is a better answer than "murder is wrong!!!1111"
Just to be clear, I am a normal human being, not a pyschopath or a socialpath. I don't know about normal.  I was pretty sure you don't condone rape and murder, you're just a skeptic of moral principles. |
|
|
|
What if I get away with it, every single time? Saying it's not ok, doesn't matters. You can't. Eventually you will make a mistake, and someone will kill you in self defense. The world rejoices, and life goes on. If you can't be caught or stopped, then a state isn't going to be solve the problem and this is a pointless discussion. P.S. Any other anti-statists watch Dexter and think about how much you'd rather hire him to take down the killer of a loved one than the police? |
|
|
|
Why should humans follow this concept of non-aggression principle? Why should we follow a rule of ethic that prohibit murder, rape, and so on?
Because if you murder and rape others, you are implicitly stating that that such behavior is acceptable. Therefore you have no argument when others rape and murder you. Do you want to be raped and murdered? |
|
|
|
|
No, it's absolutely nothing like that at all. I suggest you read up some more on the function of the block chain, and the proposed alternate block chains, so you can get a sense of how much data might have to be stored by all Bitcoin nodes if people were to start storing arbitrary data in the main block chain.
|
|
|
|
|
No, it just gets old seeing a constant parade of new people who think they have everything figured out, as if we've never considered these issues before.
|
|
|
|
Your exchange rates are way out of whack, this will lead to heavy arbitrage if you aren't careful. Given the wild volatility right now I'd suggest automatically adjusting the prices on your website direct from MtGox. The prices are actually listed in bitcoin, not USD. Or are you talking about something else? |
|
|
|
|
Yeah, you obviously have a better grasp on this community and the projects being worked on than the rest of us. We're all just sitting around with our dicks in hand, not building infrastructure for the Bitcoin economy. Nothing to see here.
|
|
|
|
|
Are you the guy all over craigslist offering to pay for the use of video cards?
|
|
|
|
Here's what I want to know... Can anyone please give me a LIST of all the sites, businesses, etc. that are owned by "bitcoinex" or his exchange site, "btcex"....? I want to be certain to ban them from our directory (as he is a known liar / scammer). Please reply HERE: http://bitcoinme.com/forum/viewtopic.php?pid=16#p16Thanks! Bruce, I understand that you're on a crusade against btcex, but is this all stemming from the DDoS thing? Could you at least refer to him as a "unscrupulous businessman" or point to some evidence that he scammed somebody? Using an attack to generate publicity for an important cause (decentralization of exchanges) is not scamming. Neither is actually funding or planning/executing a DDoS. He may be a douche (I don't have enough information to tell for sure), but I don't see how he's a scammer. |
|
|
|
In the future, there will be many more than 4,000 transactions per block.
Why is that? With a max block size of 1 MB and an average of ~250 bytes per transaction, aren't we stuck with ~4000? The 1MB hard block limit is merely to prevent someone from spamming the blockchain. It will be raised as necessary, though probably won't be for a while. |
|
|
|
|
Can god create a cryptocurrency so strong that even he cannot break it?
|
|
|
|
I believe it is part of the attempt to make the banks more solvent. More cash in reserves -> less likelihood they will run out, default, and cause further economic trouble. Banks are paid interest on reserves kept at the Fed, so it's not completely unprofitable for the banks.
Interesting. Do you think we've seen or will see price inflation merely from the act of increasing the monetary base, or will that only happen if the banks start lending the reserves? Also, wasn't the stated goal to give banks money for the express purpose of lending in order to stimulate the economy? |
|
|
|
I can't believe one of these guys with 100k+ coins (which there are several I'm sure) hasn't decided "you know what I could use half a million dollars." and cash out. The market is so thin that only one can do it. So after that the price will smacked way the hell back down. It is like a game of chicken to see who will bolt first.
Since the market is so thin, wouldn't the price fall before such a seller could get anywhere near current price for their 100k BTC? |
|
|
|
Do you have any insight to the reasoning behind the sharp increase in M0? What's the scenario in which steep inflation doesn't occur, the banks sit on their excess reserves (essentially raising the reserve requirement)? Isn't that unprofitable? |
|
|
|
I sold 130 BTC at 3.864, 150 at 5.65, and now I'm left with 100BTC, and I'm tempted to sell :/ I already lost 610$ in potential profit, but I don't blame myself as I didn't want to take the risk of it dropping. At both 3.864 and 5.65, trades were slowing down in the bears favor, and both times a big buy saved it.
I feel you. I sold ~500 @ $2.8. I've got a buy order at $2 though, just in case... |
|
|
|
|
Yes, but it's probably not that simple (unless you know you only have two funded addresses).
Bitcoin keeps a pool of 100 unused addresses by default. Periodically on its own, and whenever you tell it to, it will "generate" a new address - pull the next one from the pool - and add a new one to the pool to replace it. This is when your backed up wallet becomes desynchronized. As long as you have not used up all 100 pooled addresses since your backup, it should contain the full balance from your regular wallet.
Any coins you spend from the backup will also be spent in your main wallet.
|
|
|
|
|
Show Posts
