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Until this questions are not answered, and I am pretty sure the person/group behind this project can read this, we should really reconsider buying in until we get some answers. If this is going to get big, this questions will always hunt us until they are answered.
Wish you can stand for your proposal: do not buy or sell bitcoin until you got your answers. PLS! |
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accidentally duplicated post... pls delete it.
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My friend is designing a site called bitmay.com. I want to collect some suggestions from the community. Here you can associate your bitcoin addresses to (at least one of) your various social accounts, such as facebook, twitter, google, wordpress, etc, which is especially useful when you publicly accept bitcoin. You may: - Sign up with one of your social accounts
- Register your other social accounts
- Add your bitcoin addresses to your account
- Set one of your bitcoin addresses as primary
You may also: - Look up the bitcoin address a social account refers to
- Look up the social account a bitcoin address belongs to
Furthermore, you may put a badge on your website: - various icons (I accept bitcoin)
API - Developers can incorporate this api into their customized bitcoin clients.
What do you think about it? |
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Very helpful guide. thanks.
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Is there some bitcoin related bounty website out there? I mean a site where I can fund proposals by sending bitcoins.
If there is none, would anyone care to set up such a website?
One of my friends is working on a similar project. Bitcoin community needs a site similar to kickstarter.com, where people can propose or fund any creative project. |
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The security.
Wallet file itself is being in the file system without any protection.
And the service runners lack the sense of security as well.
When a theft happens, no one could help.
When a data lost happens, no one could help.
The rise of the price only attracts more hackers and thieves.
Bitcoin is about freedom, but it seems that freedom is scary - especially when freedom is not protected by guns.
I'm not calling for protection, but it looks like that bitcoin users are lamps, and are tortured, chased, eaten by wolves.
Nice use of haikus. I hope you pass the composition class. Dispoints you... I didn't pass anything... |
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The security.
Wallet file itself is being in the file system without any protection.
And the service runners lack the sense of security as well.
When a theft happens, no one could help.
When a data lost happens, no one could help.
The rise of the price only attracts more hackers and thieves.
Bitcoin is about freedom, but it seems that freedom is scary - especially when freedom is not protected by guns.
I'm not calling for protection, but it looks like that bitcoin users are lamps, and are tortured, chased, eaten by wolves.
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But this is actually bullish news for BTC, 17000 BTC has just been destroyed, this should increase the value of the rest of the BTC by almost 2%. It's not really good news, the decrease in supply is dwarfed by the increases of anxiety over bitcoin. If you are a relatively new investor to bitcoin and read about the 25l stolen, the mtgox hack, third biggest exchange loses all it's coin, mtgox shows coins at 1.3 million each, the dwolla charge back hack and mybitcoin one of the largest and most recommended online wallet services went dark this weekend and their doesnt seem to be any way to contact the owner or any info on it. This is a dark day for the coin, and this shit needs to stop happening for it to become mainstream. A stock exchange can fall but they will still eventually find your stocks. These coins just vanished. a day extremely dark. |
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But what specifically do you want to see?
I'm on iphone, I'll elaborate several hours later. |
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If you want to do this, what I would do is start working on a list of needed improvements. Post them here and let people comment on whether they're important, poorly thought out, or whatever. Then start gathering contributions towards a bounty fund. Put a bounty on each improvement that gets some agreement and document what has to be done to claim them. (Is submitting a patch sufficient? Is a pull request? Must it be accepted into the client?) Then perhaps break the larger tasks into sub-tasks and put on intermediate bounties.
It was an offer of a 20 BTC bounty that got me started looking at the bitcoin client code. So it definitely works.
I personally don't think your 20 BTC bounty request is too expensive. But we still need more discussion, and need more bitizen's involvement to get a real start. I don't have the imagination to understand exactly how much finally needed, but I'm personally willing to put some money(including BTC) on contribution to a better client. |
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We NEED a better client.
BUT we shouldn't wait.
WE can collectively pay programmers, raise a fund, evev share revenue once it profit.
Anyone interrested?
======================
Two most wanted features:
1. encrypted wallet file
2. multiple wallet management
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This webpage is not available The webpage at http://bitcoin.org/ might be temporarily down or it may have moved permanently to a new web address. ... WHAT?! |
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If you want it to be a currency then it needs to stawnd as an alternative to other currencies. There cant be a period of "Well it looks like shit NOW, but in the future~"
It looks like shit? Then why is it trading for 13:1 against the dollar? What he meant I think is that dollar is shit, no matter 13 or 30 dollars. |
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Bitcoin isn't deflationary yet and won't be for decades at least. Technically, it won't be until 2133, when the block reward drops to zero; but in practice it may turn deflationary at some point in the middle if the loss of bitcoin addresses exceeds the creation of new coins. Presently, Bitcoin is still inflating at over 40% APR (decending) and will not drop below the common 'target' inflation rate of 2% APR until about 2020. So regardless of where one lands on the 'deflationary spiral' debate, it has no bearing on why Bitcoin should or should not be used in our lifetimes. Our grandchildren might have a real reason to have this debate around 2050 or so. The 2030 date that so many articles throw around is just crap.
Thank you for your analysis and data. |
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The simplest way to see the fallacy is this: Would you rather have 10 bitcoins today or 10 bitcoins in ten years? Since 10 bitcoins today includes the ability to have 10 bitcoins in ten years plus the additional ability to spend them before that if that's helpful, it must be worth more today. So by holding bitcoins you are forfeiting the additional value from the ability to spend them.
Elegant explanation. |
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If Bitcoin is a currency with deflation property, that means BTC has to be appreciated (which in reality means BTC is a fancy collectible)
Therefore a rational BTC user will hold BTC rather than spend it.
but if no one spend BTC, then what's the point of such a currency?
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who can help me find out the fallacies in this reasoning? thank you!
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Edited 22nd, July, 2011:
Summary from responds to this post:
1. History has proved that such a senario didn't emerge that most users hold BTC rather and spend.
2. The definition of "rational" varies from individual to individual. Holding might well be rational for some, while spending is rational for others.
3. Let we assume bitcoin is deflationary. However, not everyone is 100 percent confident on the outcome of this assumption. Theoretically, only those who have 100 percent confidence will "rationally" choose to hold rather than spend.
4. Like any other products, the market price of BTC and the true value of BTC don't always meet, and deviation always exists, which always attracts speculators. A "rational" speculator's choice would be to gain as much as possible through buying and selling along with up and down waves.
5. Holding forever is meaningless. Money (including bitcoin) itself represents nothing, only when it's spent the value realizes. Nearly none of us is willing to holding money forever.
6. Before 2133, bitcoin is in fact not deflationary, since before that time, the amount of BTC circulated has been increasing. At current period, bitcoin is in effect an inflationary currency.
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Refuse to use bitcoin on any version of windows.
Yes, keep telling people that and you'll surely win over the mainstream market! Windows users are prevalent, which is a fact that has nothing to do with me. then what were you trying to get by not using the bitcoin client on windows. Saving my own ass. That's all. |
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