Please give me your comments.
Could this solve the 1000 GB blockchain issue?
Pros and contras?
Cons: you lose all the transaction history (dates, confirmations and so) Pros: Free Space ^^ Your cons is the #1 Because if btc become the new thing, governments will still want their taxes. And with enough time.. a way to catch theifs will be found. |
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Government could start a bitcoin mining pool. Offering 150% payout!
Lots of people would join to get 50% extra profit. Government would reach 80% and kill bitcoin instant
They would not even need that, a botnet would do just fine. offering 150% would not get anyone to join it. Those intelligent enough to join a pool are intelligent enough to read %'s and know that making $15 a day, instead of $10 a day, isn't smart to do when tomorrow you're making $0 a day. Especially since bitcointalk would have a big red banner flashing saying DO NOT JOIN THIS GOVERNMENT POOL ERROR ERROR ERROR WOOT WOOT DONT DO IT!!1.1.1.1!!!1.14$@$$%%!! :p |
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Use all government computers as a botnet to mine, bringing the difficulty up so high aisics cant mine, then dump coins.
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Satoshi dice is only instant for cheap bets.
You bet 1 btc you're waiting like 8 minutes
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Well if you're raking in the millions without having a product..
The question should be how much money of 'yours' are they spending to advertise?
Targeted ads, $0.20 a click probably.
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If anyone got first waves, they're making fucking bucks.
But by the time you get your 30 rigs difficulty will be 23498908x higher, making your annual income 5k per.
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As we all know elliptic curve cryptography is vulnerable to a quantum computer. For a conventional computer difficulty of breaking 256-bit key equals 256/2=128 bits. For a quantum computer it's just sqrt(256)=16 bits.
Seems Bitcoin is NOT safe. Or am I wrong?
Neither is every public private keypair in the world, by your logic. So don't do online banking. Or shop online. Or do credit card transactions. Bitcoin is not the only thing not safe from the concept. banks and credit cards are also backed up if you're robbed. |
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I set like 25 alarms this would wake me up I'm a jew I don't like losing money  |
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Cant you use safemode without networking?
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Cool maybe all exchange codes will be gone eventually, they're bad for the system.. If you can create codes to cash, you can theoretically have more than 21 million coins. Gox can make codes worth 1m coin and not be able to back it.
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Hmm I don't see this being to much of a problem the store has to have some really high tech cameras. I'm not sure if you've seen recordings of store footage, but honestly I don't know how they catch robbers with them, let alone read a ton of small black boxes.
The camera will also have to be directly above where your phone is read, no glare, good angles etc.
Sorry if this isn't what you mean.. Because every time I do a sale in person with bitcoins, they log into their blockchain.info account, I log in mine, a QR code is scanned, and coins are transferred.
I have not done a ton of trades like this and its been a good while a month and half or so.. But if I recall, the customer scans my QR code? I don't get to see any of their data.
The only flaw.. Is the fact that the customer can change the amount to be sent.
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No one puts into consideration that there will be a large bank backed person to come in pour a ton of money into hardware and mine fees for profit powered off solar panels.
Google, the US government, paypal banks, etc.
Wouldn't that speed things along?
Granted it would have a huge startup and a long term profit ratio, but the big banks will always be around even if the USD collapses, and bitcoin are the new currency.
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Your .dat only holds 100 transactions, so if you loaded an old .dat then you wont have any of your old coin.
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We're all going to need 10tb ssd to use bitcoin  |
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hAtErSGuNaHaTe |
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I see bitcoins like a ponzi right now, everyone is making money, new people join every day, see the price rise, $$$ to be made. More people are joining than are dropping out. Eventually everyone will be signed up, no one is making any money off bitcoins, but... but... then the entire world uses them for trade. success.
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@MoonShadow stop making shit up. You're just trying to say anything to avoid saying you're wrong  Visa/Mastercard don't get paid directly they go through credicard processors =\ Such as First Data. There is no "upgrading" your contract I know someone who is doing over 150k a month with square non present cards and all they had to do was call and ask for a larger deposit as current status only lets you deposit $1000 a week in card not present sales.. As for the 7% being unrealistic, google creditcard processor, find a single company charging 7% for non high risk transactions. Your claim is well researched. |
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Square charges 2.75% if the card is present. 7% is robbery and he just stole from you.
Most processors charge less than 1.99% and you can always find one that's cheaper. I've heard its as low as 1.5%.. I'm not 100% on the facts, but I also learned that when you sign up the person who signs you up makes the extra %'s.. So they're making 1.5% of your transactions, so they can always lower it and only make .5%..
Robbery.
Nonsense, that is not all of the charges. Square doesn't charge for the 'interchange' fees, because they don't have too, the contracts that the CC companies had with the vendors and each other negates most of that. And nothing in this conversation includes the interest and fees that the cardholder eats due to his own contract. That should all be added in with your cost to rent, not given to the customer as an extra tab. Advertising something as $100 then charging $107 because of your fees is crazy. I doubt anyone is charging 7% in any fees to swipe a card. Is advertising something as $107 and then offering a $7 discount to cash customers any different? Because that's basiclyhow it's been done for the past 30 years. Yes, 7% is on the high end, but not unrealistic for a small vendor that does not frequently need to use the CC network. 7% would be very high for a volume user, such as a brick & morter retail chain of any size; in such a case the 2.x% charged by Square (due to the volume that Square can accumulate) is much more realistic. WAl-mart can negotiate for better terms from Visa, but a small kayacking store probably can't. I'd bet dollars to doughnuts that any business with a building of their own can't use Square due to the TOS, or Visa would have a fit. Giving a discount and charging extra is two different things, be ignorant more please. You obviously have never used a creditcard processor. First off 7% is unheard of unless you're selling high risk products. Please stop being ignorant and saying 7% is a normal price because you have no idea what the hell you're talking about. It does not matter if you're doing $100 in sales a day or $1000 they're not going to charge you any different rates, unless your doing massive amounts of money. As for square, again you owe me doughnuts, or money, I like both. https://squareup.com/registerI use square every single day. Why them at 2.75% vs someone else at 1.99%? 1. Square I don't need to rent a swiper that costs $50-100 a month on a 4 year contract. 2. I don't need to pay $50-100 a month gateway fees. 3. I don't have all the other crazy fees. 4. Square deposits next day vs 3-4-5 days for other processors. |
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Paying a few cents to get my transaction faster is worthwhile. that's why I pay fees |
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