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Once more, and then I'll just have to accept that having a vested interest means you lot will never get it.
The 21 million units that are labelled Bitcoin are just an abstraction, the Bitcoin system is actually comprised of 2.1 quadrillion subunits, which can be inflated to infinity. Now you all cry that making a currency more divisible isn't the same as inflating the supply, but the comparison is being made to long established currencies which are well defined in the market. Of course the sleight of hand here is to fix the supply of the highest denomination unit to 21 million, thus ensuring that those holding whole Bitcoins will get relatively richer and richer as more and more Bitcoin subunits are required to buy a single Bitcoin.
And why 21 million Bitcoins, why not just 1? With infinite divisibility why do you need more than 1? Or perhaps that would make it a little too easy for people to see that in a system where one tiny part of the whole and the whole can perform the same function , and that whole can be broken up to infinity, that the claims of supply constraint are meaningless.
Someone has already mentioned stocks, but hell, I'll do it too. stocks are infinitely divisible, just like your example. stocks are also virtual, like bitcoin and not like gold. stocks split all the time in a manner that should easily display your theory. find us ONE historical example to support your point. ** show me the data to support your view. ** i am wroth that you have spent 7 pages of forum time to not present DATA. i want to cut those seven pages into a million pieces and hand them to you. you gotta carry that weight. |
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Why an altcoin and not a pitch to add a layer onto bitcoin itself? Seems like someone like Gavin would find something like this important enough to implement into bitcoin... but of course I don't speak for him. Have you approached anyone or made a thread in the Development/technical discussion forum?
Why is a decentralized exchange better seperated from the protocol?
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I recently built a new PC and grabbed a ATI 7950 from Neweggs Labor Day sale. It came with a promo card with a coupon code on it which can be scratched off. For more information about the coupon, please go here: http://www.amd4u.com/radeonrewards/Please, US and Canada only. Price is $95 equivalent in BTC at time of purchase. PM for address. I have past business on this forum, please inspect my previous posts and trust. As always however, please use escrow for your own safety! I'll be in and out over the next 24 hours, so please be aware my response time may reflect that. |
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It is well known that Satoshi mined the earliest bitcoins, and that they sit untouched to this day, growing in value. I have not seen this theory before, but what if Satoshi (whether he be a group or individual) made this largest account of the currency and threw away the private key? He would do this so that it would incentivize the most malicious attackers to attack that account first as the biggest, most well known large account if they found a SHA2 vulnerability, and in this way he has a miner's canary in place to warn him or the devs to switch to a new hash the moment that account moves in any way?
The best security code is written not in programming language, but in predicting the intent of your enemies...
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You may want a few more explicit rules as this is backwards from the normal resource flow. For example, minimum number of shares per bid, maximum number of bitcoins per bid, bids are for all 20 shares.......
Your post is a little unclear, and perhaps the above will help you. I like the idea. If there is another thread with community rules for this type of reverse auction, include a link to that perhaps, ect.
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10/10, would Proudhon again.
Thank you for all your content.
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Never used Gox, I use campbx because I can drive to their headquarters if I ever needed to and they haven't been hacked while maintaining respectable volume and security for several years.
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Everyone forgets ASICminer....
Buy some shares, get weekly dividends. Pretty close to having your own hardware.
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+1 bears kissing. Revolting, yet satisfying.
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How does a newb like me use GUIminer to simply and quickly with minimal typing and -flags start mining PPC? There are no guides in the Wiki, and all other guides are for bitcoin directories....
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I just completed some business with burnside through BTC-TC. The business took a business day or two and he treated me right. It seems the best way to contact him on BTC-TC business is through bitcointalk forum private message.
Knowing now how to contact him, 10/10 would do business again. I know it can be hard to establish a business based purely on trust, I am another data point other users can see in favor of burnside.
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It has been some months since you wrote in this thread lucif, however I see your humanity in this particular thread very strongly.
Remember that the Chinese culture and the bitcoin culture are actually very compatible.
It is very Eastern philosophically to be one with your community. Mining IS oneness with bitcoin - maintaining the ledger of all transactions. Everything done on the blockchain is seen by everyone.
It really should not be surprising that Avalon embrace the culture of bitcoin and overcome the things you consider to be roadblocks on the basis of this community unity. Perhaps, lucif, this is an opportunity to examine your own Western individual-oriented philosophies in light of a Eastern oriented Avalon.
I thoroughly enjoy reading your posts. Don't stop being who you are.
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1 BTC = 12.5kg gold bar 2014.9.13
Edit: same hour as original post for typo
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I realize the party is over, but here's a guess $1bil on 2013.4.10
Just for my own personal satisfaction.
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Bitcoin makes me happy, and I almost have friends convinced go in. The growth over the past few months compared to every other currency or even commodity is insane!
Please make my account non-newb!
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Is silver really going to do better for you than bitcoin over the next few months?
I guess it's a little more Zombie Apocalypse proof....
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The dollar bubble will really burst when bitcoin hits Apple parity ($424 bil market cap or about $20,000 per bitcoin).
Finland could help by officially adopting bitcoin...
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Dwolla seems like the best alternative when bitinstant isn't.
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