LH66- I think these forums (as are most forums) are abrasive on all people, not specifically on women. However I do find your comment on the Bitcoin Porn signature a bit odd - for that member is very involved in these forums and I find his posts are usually compelling and thoughtful. I've never seen him post something derogatory. You may find his business objectionable, but he's not hurting anyone and isn't even posting lewd material in the forums.
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Wow I wish I was a smart programmer and could just create something like that. Nice work sir! Can you tell me whether your data is gathered in the same way as the data feeding the WebGL Globe? http://www.weusecoins.com/globe-bitcoin/Are those two sets of data useful to each other?
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God, Bitcoin is so much better than tortilla presses. Some people say the exchange rate risk is problematic... but these guys just lost 100%, plus the cost of tortilla presses and shipping.
Is anyone starting a Columbian Bitcoin exchange??
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It means there is DEMAND for Bitcoin at that rate of $79k per day. If a miner keeps his coin, it means his demand prevented him from selling it. So it's a little misleading to say $79k of new money is coming to Bitcoin every day, but it is fair to say that demand grows by that amount each day.
I wonder what the -actual- statistic is for the percent of newly mined coins that are sold? 10%? 50%? 95%? I have no idea! It'd be very interesting to know.
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Is there a link to info about the difference between the default setting and the "persistant" setting? I heard that if I don't use persistant, that data can be destroyed including the wallet file? What are the differences between these modes?
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I just bought 1 coin, paid with Google Checkout, and received my coin within a minute!! Got an order confirmation email and a btc sent email also. Happy customer!
That was faster than buying a hamburger.
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Awesome, look forward to meeting you!
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I would be happy to contribute as editor for this proposal (professional copy writer). If someone sends me scraps and/or disorganized ramblings or bullet points, I'll turn it into something compelling. I think it's a great idea - and in fact may present interesting advantages for Blizzard, as they would be setting up a digital bargaining system instead of a monetary exchange. There are important legal/regulatory burdens which may be avoided by going the Bitcoin route.
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This is really great. All those worthless forks like Xicoin, 0coin, StupidCoin, GetMeRichCoin, FredCoin,... are pulling mining power out of bitcoin, so that the remaining miners get more. We should give a big thank you to all those forkers and their foolish flollowers.
Hey I'm a big fan of StupidCoin! Don't knock it!
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it’s absolutely not like he could just drastically decrease the value of everyone’s Bitcoin savings by throwing a bit of his Bitcoins on the market.
Everyone who says something else is just jealous/communist and doesn’t understand how the free market works!
Don't confuse market prices with value. If an early adopter sells all his coins, he has stolen no value from anyone... though he has created an opportunity to acquire more value at a better price. I don’t understand this. Of course the perceived value mainly derives from market price, and of course your wealth in Bitcoins will be greatly diminished if Satoshi et al. ever decide to sell off part of their stash. Noone is magically going to appear and buy up all coins until they are worth as much as before. Also, I think many people decide to invest and don’t even know how the distribution is (and yes, for reasons of a stable value this is important to know). Now, according to Libertarianism, it’s entirely their fault if they don’t do their due diligence and the market will punish them. Can’t argue with ideology. You have it backwards... price is derived over time from perceived value. And one's wealth in any commodity or asset is "reduced" if someone else floods the market with that thing. It's not unique to Bitcoin. Supply and demand... it's like being upset with gravity. And yes, if someone does not engage in their own due diligence, and take responsibility for himself, he cannot fault anyone else for the trouble that besets him. We are not children here, and indeed the Bitcoin marketplace is probably the most open and "knowable" marketplaces anywhere in the world. The entire thing is open-source, for crying out loud. Anyone upset that the consumer may "be in the dark" about some things should more appropriately direct their attention to the Federal Reserve. I can't tell you how many dollars are in existence, but I can figure out in 5 seconds the number of bitcoins down to single digits. Markets trade 24/7 in countries all around the world. Nobody has to jump through hoops or pass silly tests to participate - the responsibility is on the individual. Nobody is forced into Bitcoin, the same cannot be said for dollars.
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On my list of concerns, my worry over the personal assets of Satoshi is just slightly more important than what I'm going to make for dinner this evening.
If it does concern you, like the other poster said, go mine XICoin, for Satoshi probably has none of them! In fact, why don't all the communists get together and create Communacoin, they can ensure nobody has more than X% above anyone else, that the supply of them increase indefinitely (making everyone richer forever), that purchases will only be for "socially beneficial purposes," and all the evil, unfair free-market jerks won't get to own any at all!
In all seriousness, it would make no sense at all for Satoshi to step forward and disclose anything about himself. It is obscenely smart for him to have disappeared and here's hoping he lives out his days in peace, wealth, and comfort, reflecting upon the incredible invention he has bestowed upon mankind.
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I think it's very smart to show the gold/dollar price expressed as "a dollar buys 1/1750th of gold"... it more clearly demonstrates that the value of gold is not rising, but rather the value of the dollar is falling. Throughout history, gold has held a remarkable steadiness in terms of purchasing power. Conversely, the USD has lost 97% of its purchasing power since 1913 when the Fed was created... and much of that occuring after 1971 when it was fully delinked from gold.
tl;dr - dollars suck
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I think its great that people can buy things with bitcoin, but with the high amount of fraud Ive seen -- ill send my bitcoins to exchange, turn them into USD and then make my purchases...
I agree with you. If someone insists on paying me in bitcoins I will tell him to convert it on MtGox then send it to me. Really?!? I'd much rather be paid with an irreversible, unfakable, instant-transfer, low-fee money. In fact, when I see a Bitcoin payment come through to me, I'm relieved because I know at that point my risk is zero.
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My frog legs and eye of newt still put the price target at over $15 each by end of Aug.
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it’s absolutely not like he could just drastically decrease the value of everyone’s Bitcoin savings by throwing a bit of his Bitcoins on the market.
Everyone who says something else is just jealous/communist and doesn’t understand how the free market works!
Don't confuse market prices with value. If an early adopter sells all his coins, he has stolen no value from anyone... though he has created an opportunity to acquire more value at a better price.
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Need I remind my American friends that something like 90% of our wealth is in the hands of the top 2%. Why doesn't that piss you off?
Because those hands produced the wealth. It is not "our" wealth... it belongs with the person who produces it. Unless he is a thief, the rich man got rich by enriching others with equal or greater value. And you know what? Need I remind my global friends that something like 90% of our wealth is in the hands of the Americans? Why doesn't that piss you off? The poor man in America is a rich man in the world...
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Just paid the admission... DAMN Bit-pay transaction was fast! Literally 2 (!) seconds after sending payment from Instawallet (using Green Address feature), I had the receipt and confirmed payment. That was smooth as hell. Actually that money transfer happened faster than most emails lol
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Well if someone is going to harass someone else, they should do it openly with their own name. They shouldn't hide behind anonymity (except in cases where they'd be put in physical harm if their identity was known). With that said, Yahoo should not have to surrender client records if it doesn't want to. The court should not have the authority to compel Yahoo to surrender data when Yahoo has not committed any crime.
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0.5% is way too much. 0.005% is much more fair.
And there you have it. Those complaining about ownership distribution have a fundamental aversion to "some people having more than others." Fairness? Why is .005% fair, but .05% or .5% is unfair? This is arbitrary silliness. SgtSpike's point about the world not wanting to be part of Bitcoin because some might have lots of it... I think that's a myth. Maybe if someone owned greater than 10% of the currency it would be an issue for stability? But really, this is such a short-term problem. Early adopters will sell coins over time and their ratio will fall. If they don't sell, then there's no problem for market price. If they sell all at once, then it's a fantastic buying opportunity for any who aren't tricked by short-term market prices. The fact that such a sale could disrupt the market is but a temporary blip, and in a free market there is insurance and hedging which keeps such fluctuation from harming those with big positions. Again, it's a non-issue.It's "fair" for anyone to have as much BTC as they've bought, mined, or traded for.
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