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I was thinking of a will. When someone dies.. they usually leave assets behind in their will. But imagine if your wealth was stored as bitcoins? You could provide some kind of service where you act as the executor of a will. When you die you can have different amounts of bitcoins sent to different individuals/addresses . To really do this though I suppose you would need to keep those individuals private keys stored in some offline database so you could access them. This is just one small example of the possibilities. There are plenty of possibilities..........
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0-100% . Btw do you think any single one person has actually invested this much?
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How much money....... would amazon make if it secretly bought up loads of bitcoins.......... then suddenly announced it accepted bitcoins for everything on all of their sites? Let's say they managed to buy a million bitcoins. It seems that amazon might have a problem.......... with states wanting to enforce taxing. I wonder if bitcoin would help solve amazon's problem by making any such laws unenforceable? discuss.
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Just a weird Idea I had. I don't think this would be the case because you can't enforce any kind of repayment. So people would simply take your money and run.
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I'm just curious. I have an idea for a website. it involves bitcoins... and it would need someone who is an expert programmer. I can only do amateurish programming at the moment . I'm more of an idea guy. but I have designed it entirely in my head. Would anyone be interested in becoming a partner and working for purely an equal part ownership of whatever is produced?
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If the price of bitcoin goes to 32 dollars..... do you really think that if the price crashes again people will let the price go down as far as it has knowing that it has proven it can rise that far not once but more than once? I don't think so. If a crash happens I don't see it as being drastic. Of course it could be wishful thinking. But I'm happy whether the price goes down or up personally. In fact I would almost rather it go down so I can buy more bitcoins.
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I can't seem to get mine to do anything (mt gox yubikey)
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The price rise of bitcoins will be inevitable. The amount of bitcoins that will be in demand by even a small portion of the world population... would mean we need to use those extra positions to the right of the decimal place. Which means bitcoins right now are incredibly undervalued. Of course people were probably saying the same thing the last time it hit 30 dollars.
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Okay call me crazy but wouldn't it be cool if World of warcraft switched their entire economy to use bitcoins? Here is how it would work:
a satoshi is the smallest unit of bitcoin. Imagine if blizzard bought something like 5 bitcoins for each server and used them for the entire economy of each server. So how many units could just 5 bitcoins provide out of curiosity?
Would it be incredibly genius if blizzard did this... they bought a stash of bitcoins. Say 20 thousand. They have something like 300 servers. so they could start rewarding players with actual bitcoins instead of their own gold drops. Each player could also have a wallet that you could send bitcoins to outside of the game.
What would happen if they did this?
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It may be a bit premature to say this... but the rate at which different entrepreneurial companies and people are utilizing bitcoin is the best sign(for me) of things to come. I remember a little over a year ago when I almost bought bitcoins........ but I looked around and said to myself "where are bitcoins being used? Barely anywhere. What about that one gambling site clubs with seals? Hmm it seems pretty dead" . But now things are totally different than that. It's really cool to watch.
Personally I consider bitcoins a really good invention with regard to freedom itself. Not better than the internet itself.......... but it may just be second. I don't really go to bars or parties much but if there was a bitcoin gathering near me I'd probably go!
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I say in the future... if we donate we should donate to political friendly candidates. Sure some of us aren't scared of government interference... or even think it would help bitcoin. But I think bitcoin friendly politicians are the right way to go. Pretty much anyone affiliated with Ron Paul is probably friendly.
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I thought it would be interesting to create a site where... people can opt to get on a whitelist. Here is how it would work: When you opt to get on the whitelist you pay a credit card fee (something like 12 dollars) . You get put on some kind of transition phase where you are not whitelisted yet but transitioning. After 1 year you are whitelisted... and part of your initial payment is either refunded or given back as bitcoin amount. Any external merchant site can connect to the whitelist site and see if you are whitelisted. If you are then you are trusted somewhat. The trust level can be somehow ranked. You would start at a low level.
This would allow people to buy small amounts of bitcoins with credit cards if they needed them in the future fast or something.
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I was wondering if in the future a bit bank is created what services could it have? A few examples I was thinking of that might be possible:
A bit bank might just be an easier place to store bitcoins for the average user so they didn't have to worry about losing the coins A bit bank might be just an "additional signature" to someones wealth. You could store your own wealth how you wanted but you could require some signature from the bank. (not to get off subject but this would be especially useful for preventing bitcoins from being used to kidnap for ransom possibly. If you stored your wealth with a bank that had a policy of not signing wealth over in the event of a ransom then it might thwart that however unlikely scenario) Would a bit bank also be able to provide "faster" transactions?
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some people project the federal reserve and the US financial system to collapse. Here is my question though: From what i've read the Federal reserve is very similar to the Bank of England. And the bank of England has been around since 1600 something. Doesn't that basically mean our federal reserve system can have hundreds more years ?
Also I haven't done the calculations but... does anyone know if there is a mathematical certainty things can fail just judging by the public debt and the interest on it? If the interest and the public debt both keep growing isn't there a guaranteed collapse? Or not?
Is anyone buying bitcoins especially for this reason?
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I have 3 of the lightning extremes in my computer at the moment and they work perfectly. I was going to sell 2 of them for bitcoins since I don't game much anymore. Each card has 3 GB of ram. this is the exact link http://www.newegg.com/Product/Product.aspx?Item=N82E16814127589 . I bought them for $594 originally. I'd be looking to get about 17.5 bitcoins per each one. Or 34 total for both (shipping included) edit: I'm sorry I didn't see the childboard "goods"
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By factor I could mean a group of people using it ... or even just technical detail about how bitcoin itself works.
I think the irreversibility of payment gives it a defining factor that pretty much no other medium of payment has. So that will allow it a permanent place in every market across the world... however large or small that place will be.
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The title pretty much says it all... how will asics hurt or help bitcoin itself? What benefits do they provide if any? what cons?
I suppose one con I can think of without knowing much is that it might be harder for your average person to just get hold of bitcoins if they can't mine them. Not being able to mine them is simply one less way of acquiring them so that is a provable con.
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if I ran a single for say..... 1 year. And it arrived whenever they will arrive .. how many bitcoins in total do you think it will generate? if you had to guess. Let's say the shipping date is the first week of march.
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Go!
I'm going to say 99 dollars per BTC.
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