I just bought 1 BTC and distributed them evenly to 666 people. Now I am without BTC  |
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It is fine to compare the market value of Bitcoin to those other nations. But to say that Bitcoin is a notch better than the Congo isn't saying much. It's fair to say that the Democratic Republic of Congo is perceived as a lawless, violent and failed state. Why put Bitcoin at the top of a loser's list? (no offense to the people who work, live and struggle in those countries).
Numerically accurate and interesting, but not effective P.R.
That is why I included Aruba and Fiji right afterwards. The last few countries were sexy...the next few are kinda lame. Niger, Cambodia, Suriname, Laos, Tajikistan. |
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I think the country to go for would be Estonia. Or as they are calling it E-stonia as the Internet is very prevalent there.
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It used to be, if price was way above difficulty it would make sense to just run out to the store and buy a mining computer and lots of GPU instead of going to the exchange.
Now it is a matter of waiting for a batch waiting list to make some ASICs available to order some machines that may arrive in half a year.
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Hmm, I think I have some money going into Dwolla today.
It may become a race once Dwolla comes back up to get it to Gox as the longer Dwolla is down, the more the money gets stacked up in a queue.
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I wrote this up last night before it hit $1 billion, distribute at will: With 10,960,750 bitcoins in circulation at a price of $94.50/BTC, Bitcoin has surpassed the market cap of one billion dollars. If Bitcoin was a stock, it would still be considered a small-cap company until it reaches $2 billion, but considering given that March 6 (just 22 days ago) Bitcoin had a $.5 billion market cap, it will not be long before Bitcoin will join the ranks of the mid-cap companies. Some companies of note that currently hold a $1 billion market cap are Office Depot, Freddie Mac, and US Airways ( http://www.forbes.com/global2000/). With Bitcoin prices holding around $4/BTC this time last year, a price of $94.50/BTC today shows a 2360% increase, if the price value were to rise as much over the course of the next year 12 months, we could be seeing the price as high as $2,232 this time next year. This would surpass the revenue of the United States video game industry. Such growth will certainly peak pique the interest of industry leaders and investors looking to get a piece of the market and join the many venture capitalists who have started putting some serious money into Bitcoin businesses, such as CoinLab's $500,000 ( http://www.forbes.com/sites/jonmatonis/2012/04/24/coinlab-attracts-500000-in-venture-capital-for-bitcoin-projects/) venture capital investment and BitPay, who which has just received additional seed funds following their initial $510,000 investment ( http://www.floridaventuresourcing.com/2013/03/bitpay-raises-additional-seed-funds/). If Bitcoin was a country, it would be more greater than the market value of the Democratic Republic of Congo who's, whose M1 stands at $1,016,000,000. This, after having passed Aruba ($868,500,000) and Fiji ($794,600,000) earlier in the week ( https://www.cia.gov/library/publications/the-world-factbook/rankorder/2214rank.html). Perhaps this will inspire some small country that desires wishes for a currency that does not lose value to switch to Bitcoins and reap the benefits of an established world currency it.  Just touched it up a bit. Thank You. |
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This is an easy way to encourage your town officials to accept Bitcoin without the need to explain anything about Bitcoin. You can push e-gov link as a modern alternative to their old way of handling things. Hmm, my county uses Civic Plus http://civicplus.com/ I will encourage them to use e-gov link while also pressuring Civic Plus to accept Bitcoin. |
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Imagine if you were jewish during WWII living in London. Your jewish friends and relatives have been seeing some very anti-jewish sentiment spreading and are uneasy about your own safety and start to talk about possibilities of people starting to come after jews.
After hearing about jews being rounded up in Germany, would you go out and buy a gun?
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Nice. In Euros even.  |
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Elwar, I'm not sure where you could post it. You could go into IRC in the #bitcoin-news channel and post a link to the thread. You should be able to get in using http://webchat.freenode.net/ -- it won't be blocked, I hope. Yes, anything IRC is blocked. Government/NIPR network in Afghanistan. I am surprised this site is allowed (for now). |
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Wow. Here are some of the cities using e-gov link: Amberley Village, OH Population: 3,425 www.amberleyvillage.orgMobile Site Bel Aire, KS Population: 6,522 www.belaireks.org Georgetown, SC Population: 8,951 www.cogsc.comSomers, CT Population: 10,417 www.somersct.gov New Providence, NJ Population: 11,983 www.newprov.orgMobile Site Wilmington, OH Population: 12,187 www.ci.wilmington.oh.us Vandalia, OH Popluation: 14,495 www.ci.vandalia.oh.us Eden, NC Population: 15,930 www.edennc.us Plymouth Township, PA Population: 16,045 www.plymouthtownship.orgMobile Site Mt. Juliet, TN Population: 16,495 www.cityofmtjuliet.orgMobile Site Sycamore Twp, OH Population: 19,675 www.sycamoretownship.org Carlsbad, NM Population: 25,303 www.cityofcarlsbadnm.comNorth Olmsted, OH Population: 33,481 www.north-olmsted.com West Chester, OH Population: 56,500 www.westchesteroh.orgMobile Site Dearborn Heights, MI Population: 57,373 www.ci.dearborn-heights.mi.usSkokie, IL Population: 63,633 www.skokie.orgSaranac Lake, NY Population: 5,377 www.saranaclakeny.gov Ketchikan, AK Population: 7,453 www.city.ketchikan.ak.us Waynesville, NC Population: 9,347 www.townofwaynesville.org Sturgis, MI Population: 11,127 www.sturgismi.gov West Carrollton, OH Population: 13,487 www.westcarrollton.orgPayson, AZ Population: 14,301 www.paysonaz.gov Warrington Twp, PA Population: 17,580 www.warringtontownship.orgMobile Site Angleton, TX Population: 18,625 www.angleton.tx.us Lockport, IL Population: 19,217 www.lockport.org Mooresville, NC Population:19,606 www.ci.mooresville.nc.us Monroe, MI Population: 21,630 www.ci.monroe.mi.us Winter Haven, FL Population: 27,137 www.mywinterhaven.comMobile Site Romeoville, IL Population: 32,481 www.romeoville.org Sarasota, FL Population: 53,259 www.sarasotagov.com Niagara Falls, NY Population: 55,593 www.niagarafallsusa.org Colerain Township, OH Population: 60,144 www.coleraintwp.orgMontgomery, OH Population: 9,753 www.montgomeryohio.org Anoka, MN Population: 17,858 www.ci.anoka.mn.usMenlo Park, CA Population: 29,811 www.menlopark.org Maricopa, AZ Population: 37,863 www.maricopa-az.gov |
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I have not posted it anywhere as my work blocks any site like that. So if anyone else could post it that would be great. |
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I wrote this up last night before it hit $1 billion, distribute at will: With 10,960,750 bitcoins in circulation at a price of $94.50/BTC, Bitcoin has surpassed the market cap of one billion dollars. If Bitcoin was a stock, it would still be considered a small-cap company until it reaches $2 billion, but given that March 6 (just 22 days ago) Bitcoin had a $.5 billion market cap, it could be a short time before Bitcoin joins the ranks of the mid-cap companies. Some companies of note that currently hold a $1 billion market cap are Office Depot, Freddie Mac, and US Airways ( http://www.forbes.com/global2000/). With Bitcoin prices holding around $4/BTC this time last year, a price of $94.50/BTC today shows a 2360% increase, if the price value were to rise as much over the course of the next 12 months, we could be seeing the price as high as $2,232 this time next year. This would surpass the revenue of the United States video game industry. Such growth will certainly pique the interest of industry leaders and investors looking to get a piece of the market and join the many venture capitalists who have started putting some serious money into Bitcoin businesses, such as CoinLab's $500,000 ( http://www.forbes.com/sites/jonmatonis/2012/04/24/coinlab-attracts-500000-in-venture-capital-for-bitcoin-projects/) venture capital investment and BitPay, which has just received additional seed funds following their initial $510,000 investment ( http://www.floridaventuresourcing.com/2013/03/bitpay-raises-additional-seed-funds/). If Bitcoin was a country, it would be greater than the market value of the Democratic Republic of Congo, whose M1 stands at $1,016,000,000. This, after having passed Aruba ($868,500,000) and Fiji ($794,600,000) earlier in the week ( https://www.cia.gov/library/publications/the-world-factbook/rankorder/2214rank.html). Perhaps this will inspire some small country that wishes for a currency that does not lose value to switch to Bitcoins and reap the benefits of it.  |
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The trouble these days with the Internet is the ISPs. They are the weakest link in between us and the government.
To create a mesh around the ISPs but can still connect to the Internet is the way to go.
I believe that Bitcoin is the key to funding such a thing.
I would be fine with becoming an Internet repeater that generates Bitcoins on a pay per use type of structure.
And like many who have been looking at the pirate boxes, setting up solar powered repeaters all over town (on top of light poles, tall trees, water tower, etc.) to create a full mesh would bipass the whole need for an ISP.
If people can set up repeaters and get paid like people are getting paid to mine, we could reach the point where the mesh grid is more widely accessed than ISPs.
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An exchange of services between consenting adults...which one is the victim? Prostitution is a symptom of a problem instead of being a problem itself. An overwhelming majority of prostitutes were sexually exploited as children so the victimization already took place long before they became adult sex workers. Sexual exploitation of children is not victimless. |
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Up 300% since this post...hmm, I think he should have bought.
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It is a bubble when the buying power is driven purely by hype and not by demand and circulation.
Have we reached the point of everyone knowing and having the choice of getting themselves some Bitcoin if they wish? Like with gold. |
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You really think street-level prostitution is victimless?
An exchange of services between consenting adults...which one is the victim? Are you claiming that the guys are getting ripped off? |
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The rise in cost could very well be the adoption by drug lords of Bitcoin use. The billions spent per year by drug cartels could make it mainsteam.
But it may have a different affect. Silk Road may be doing to the drug cartels what Bitcoin is doing to the central banks.
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