Latest posts of: nenolod

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on: July 23, 2010, 05:03:00 AM

Quote from: llama on July 12, 2010, 02:23:46 PM That pretty much ruins the possibility of using bitcoin for true micropayments. I do not see how it does that. 1 BTC will likely always be smaller than USD/EUR/etc, thus meaning that it can be used for micropayments.

on: July 23, 2010, 05:00:35 AM

Quote from: jgarzik on July 22, 2010, 06:43:03 AM IMO, the bitcoin client should have a subscription manager. i've never used the ui client, but if the linux client exposed itself via dbus, you could write your own subscription manager. alternatively, put this in your crontab: 0 0 0 0 */1 bitcoin -server sendtoaddress whatever amount-in-btc this will invoke bitcoin from the commandline and send the money.

on: July 23, 2010, 04:38:57 AM

Frankly, you may believe whatever you want. I have better things to do than argue.

on: July 22, 2010, 10:14:01 PM

Quote from: bittechconsulting on July 22, 2010, 09:15:52 PM Is this something you were already developing, and bitcoins just fit in perfectly, or did you see bitcoins, and decide that this would be the best use for them? i have looked at bitcoin before, although i did not choose to experiment with it until some friends of mine pointed me to some absolutely hilarious posts on these boards. at first, i was more interested in seeing what would happen if i threw a lot of compute resources at bitcoin (both on a technical and social scale). when i started to fiddle with it more though, i saw the potential for it's use as a legitimate microcurrency. that said, i think a lot of the views of the people on these boards are kooky, i do not believe that the people who are just doing bitcoin to "fight the man" will stay around forever, though. i also believe that aspect of bitcoin serves as a detractor towards using it, simply because many businesses do not want to be associated with crazy libertarian government conspiracy views. but frankly, the politics do not matter, what matters is the underlying system, and that is mostly sound. there is a person on the IRC channel, you may know him his name is Diablo-D3. many people i know who have looked at bitcoin for their projects run away because they get a vibe that the project is in general filled up with people who are like Diablo-D3

on: July 22, 2010, 10:08:11 PM

Quote from: mtgox on July 22, 2010, 09:41:32 PM Why not just keep generating them and sell them? you should be making a profit still at the higher difficulty. because running a public bitcoin exchange is not my goal.

on: July 22, 2010, 09:04:57 PM

Quote from: bittechconsulting on July 22, 2010, 09:03:35 PM Quote from: nenolod Consider for example, Second Life. You buy stuff in Second Life (clothing, objects, property, etcetera). Now consider if we decentralized that environment… made it where anyone could run the server software (this is already possible with OpenSim). Now we need a viable form of commerce that is not biased to any particular party. This is where BitCoin shines I'm guessing he is going to make an MMO, allow others to run servers, and sell items via bitcoin. Of course, this doesn't explain why he would need a stock of bitcoins... this implies he is going to be buying something. an MMO service needs a stable exchange for the microcurrency.

on: July 22, 2010, 08:57:08 PM

Quote from: dwdollar on July 17, 2010, 03:06:18 PM Quote from: davidonpda on July 17, 2010, 02:31:12 PM How much money is he wasting to tie up 1000 cores? I'd love to have that kind of disposable income to prove my point Probably the son of a [paper] banker. Or some other powerful interest that will be hurt by a disruptive technology. actually, it was not very expensive. i spent roughly $130 USD in expenses to generate the BTC needed... then difficulty rose to 181.5, which made things no longer interesting, as I had enough BTC. there were a couple of people who were offering money to keep the instances online so that they could get some BTC of their own though. my parents are not bankers, i can assure you of that. one is a librarian and the other is retired...

on: July 22, 2010, 08:49:36 PM

Quote from: Babylon on July 22, 2010, 08:01:44 PM my speculation is that he is going to use them to buy linden dollars, since that is something he mentioned that can currently be done. i have approximately zero interest in buying L$. you will see what i will do with the BTC i generated when I have something to demonstrate. i stopped generating btc when difficulty hit 181.5, as i had enough BTC for what i needed.

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