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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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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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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 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?
================
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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I'm no programmer, therefore I have to buy programs. I want a better pool than that of deepbit. Who can help me? The program should be open-sourced, but I'm willing to pay (either with BTC or equivalent amount of any other currency). And others please contribute ideas: what functionalities are needed to build a better pool? Any suggestions are welcome. Thank you. or, you can email me: nakowa@21bitcoin.com |
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1. the wallet file is still naked
2. directly use another wallet is impossible
3. and countless other shortcomings...
sigh.
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Immediately after Silk Road launched in the early February, BTC hit $1 exchange rate.
Concomitant with notable news resources reporting bitcoin "surge", BTC rocketed from $6.2 to $31 (historically highest).
The first surge of BTC happened exactly 1 year before, 6/12/2011, from $0.008/BTC to $0.08/BTC, up to ten folds.
In several days before yesterday, the price of BTC was dropping, but suddenly rised up (albeit not too much); and CNN money shot a video online "at the same time".
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1. In every field in the real world, early adopters SHOULD have advantages.
2. Early adopters MUST keep their BTC forever to REALIZE alleged advantages. However, it's hard to do so, just as it's hard to keep stocks of Mircosoft more than 20 years.
3. If you participate bitcoin community right now, when no more than 1/3 of total BTC distributed, then you ARE one of early adopters, but do you think you have HUGE advantage than followers?
4. Could you find out a way to distribute BTC "fairer" then current system?
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Can anyone tell me why you prefer deepbit to others?
-------------------------------------
to summarize:
Deepbit is more stable; creates less stale; and the owner of deepbit somewhat has a reputation.
Sorry for the original title of "I don't trust deepbit", even though I still don't trust it.
Reason?
I cannot meet my calculation with that of deepbit, even though I take unstable network connection into account...
My decision?
I'll have to setup a pool for myself, let my rigs "solo" together.
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If the generation rate of block is constant, allegedly only 1 block in about 10 minutes, that means the network generates 7200 BTC a day (before some day in 2014).
According to bitcoinwatch.com, current total network hashrate is 11539.08gH/s，approximately 11.5T.
Does that mean if I have a 1.15 T hashrate pool, then my pool could mine approximately 720 BTC a day?
If this is true, can I ignore exponentially increasing difficulty? I mean what I should concern as a miner, is in effect the percentage I occupy of total hashrate, right?
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If it is possible, and if I really want to buy some illegal drugs, I do prefer using BTC to using my bank account, thanks to anonymity of Bitcoin.
If I were in a country that forbids porn of any kind, I might well prefer using BTC to get an access of some porn websites.
If a product and service could be paid with regular currency with ease, I would have no incentive to use BTC.
Then, what products and services are inherently better bought with BTC? I'm curious.
(BTW, in exchanging markets, Dollars, Pounds, etc., are all products that BTC can buy.)
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It needs a lot of imaginations to look forward into the future when it comes to such a revolutionary innovation as bitcoin.
What do you think?
In which way bitcoin can change the future, and how?
Amuse us! please.
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I wanna know what products or services did BTC users buy recently?
Is US dollar the most popular product traded with BTC?
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When will this happen? -- Standard BTC unit become 0.1 or even 0.01 rather than 1?
Now that 1 BTC is equivalent to around $15, using 1 BTC as regular base makes it sort of extravagant to spend BTC.
What do you think? Are there names for 0.1BTC, 0.01BTC?
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I'm not sure, but the result of deepbit calculator and that of bitcoinX.com are far from similar...(even though pool fee is considered)
Can anyone give me a clear explanation? Thank you!
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