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Which is a greater risk? Having someone steal all your Bitcoins, or locking yourself out of your wallet when you forget your ultra secure, alpha-numeric, mixed case password?
What do you think happened to Satoshi Nakamoto?
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Thanks for the feedback. I suppose the main issue is trust. If you look at my ebay account its over 10 years old with 100% positive feedback and I have absolutely no desire to change this. It's more than my job is worth to rip someone off for a few bitcoins so I suppose the buyer needs to trust that I won't keep a record of the private keys (which I don't as they are printed out 100 at a time and never saved anywhere). I can't really see a way round this at the moment.
The main reasons people would buy them are:
1. Gifts to get people involved in bitcoins
2. Paypal is accepted for these giving an extra payment option and offering protection. Sending people bank transfers is not always 100% safe.
3. Security. I hate holding any large quantity of bitcoin in a single wallet and worry my computer will be breached or hacked. This way I could keep lots of paper 0.5 BTC and never have to worry that anyone will be able to steal them all.
Positive Feedback: 100% Feedback score: 671 I believe you. And those really are good reasons. |
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Those really are interesting Bitcoin stats.
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I don't trust them.
They speak with forked tongue.
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Thank you for the improvements.
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Representative democracy isn't democracy. That's a soft form of corporate dictatorship. What we can call democracy is the direct democracy. Just take a look at Switzerland. The only really democratic state on the world. http://en.wikipedia.org/wiki/Voting_in_SwitzerlandI like the idea of a direct democracy. Unfortunately, we have so many stupid people and parasites that we might still get crazy results. |
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What is interesting when one considers Japan, it has essentially been a US colony since WWII. They are now practicing Quantitative Easing at the behest of the US Federal Reserve. So, I do wonder how much they can be influenced by the US. One would think a lot. But, BTC being anti-fragile (see my sig), just makes us stronger...
I think so too. Mt. Gox could be Gaijin to them. China casts a very large shadow. If the U.S. asked Japan to squeeze Mt. Gox, I don't think there would be a great deal of negotiating. |
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I know people want to get rich. I must say, i never thought I would hear is so commonly and with no shame, "were not trying to fix the world, money and profits are all I/we care about." That is a disease that nature will eventually deal with.
Greed is good. http://www.youtube.com/watch?v=ONXpaBQnBvE |
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from here going forward, how does bitcoin ensure new adoption and capital inflows until the world itself trades in Bitcoin
We can't ensure it. It is not a sure thing. |
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No. Not like that.
The media already knows that Bitcoins exist.
Maybe stories in the media about an unusual purchase, a Bitcoin will, someone discovering hundreds of thousands of "lost" bitcoins on an old hard drive from a garage sale, etc.
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They hate anonymity.
Nice news babe though.
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Maybe these have already been addressed, but here they are.
1) Early adopters may have stashes of millions of bitcoin. If widely adopted a few super rich could have a huge influence over the whole bitcoin economy. Imagine owning 5% of all USD in circulation(with no fed to inflate).
2) The supply is fixed at 21 million, but bitcoins themselves are not permanent. People die all the time without wills. People die with btc on a computer/flashdrive that no one knows about, they're gone. People don't make backups, their computer crashes, they're gone. You might think this is great, because now your btc are more valuable. But for a currency, it's not such a good thing, to have the supply eroding over time. Theoreticly, the amount of btc could eventually go to zero.
3) Speed of transactions. If btc becomes very widely adopted, can it handle billions of transactions a day without speed becoming an issue?
Don't get me wrong. I love bitcoin and the whole concept behind it. These are just questions of someone looking to learn more.
Don't worry about any of those things. The fall will probably kill you. http://www.ign.com/videos/2011/06/01/butch-cassidy-and-the-sundance-kid-the-fall-will-kill-you |
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... the authorities ...
I haven't heard that phrase in a long time. It must be British Commonwealth. |
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The primary cost gains arise from the use of low-cost and low-power single-board computers and high-volume low-cost off-the-shelf 802.11 (WiFi) wireless cards using unlicensed spectrum. The nodes are also lightweight and don’t need expensive towers. These networks are very different from the short-range multi-hop urban mesh networks. Unlike mesh networks, which use omnidirectional antennas to cater to short ranges (less than 1–2 km at most), WiLD networks are comprised of point-topoint wireless links that use high-gain directional antennas (e.g. 24 dBi, 8◦ beam-width) with line of sight (LOS) over long distances (10–100 km). http://static.usenix.org/event/nsdi07/tech/full_papers/patra/patra.pdfThe key factors that distinguish WiLDNet from 2P and the stock 802.11 (WiFi) protocol are: 1. Improving link utilization using bulk acknowledgments 2. Designing TDMA in lossy environments 3. Handling high packet loss rates 4. Application-based parameter configuration |
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If that's the case, then we should work on an alt currency specifically for gov't adoption?
You could pre mine and not care because you would share some with the senator that introduced the bill to make it legal tender?
Sounds good, I'll make an exact copy of the bitcoin source code and change a number or two to lower the block difficulty, premine the heck out of it, and release it. Hmm. We just need a good name. Freedomcoin? Libertycoin? I know scamcoin. ObamaCoin DOJCoin FBICoin SECCoin IRSCoin |
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... education has been watered down to such an extent that the general populace is unable to understand what is happening.
There is more than one contributing factor, but education is certainly one of them. Good post. |
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Was the backpack and pressure cooker not paid for in USD?
Yes, and they didn't even need to cross the border with the USDs. They applied for welfare. Terrorists use welfare. |
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