1. We need colored coins+ natively in the Bitcoin core wallet (satoshi client) to send the message that this concept is officially supported. Bitcoin is decentralized. There is no official. If you want it so much, fork the source code and persuade people to use your branch That's a long road full of uncertainty for both Bitcoin and Bitcoin2. Bitcoin the code is freely available, and Bitcoin the network is decentralized, but Bitcoin the product is very much controlled by those with commit access to the github repository. Better to persuade them first. Frankly I don't see how much persuasion is needed. Exchange is the essential part of the economy. Alt-coins are implementing it. Bitcoin must keep up or become obsolete. The valley of the hype cycle is a good time to work on this kind of thing... Is bitcoin becoming obsolete? Someone should tell Bitcoin. This "must keep up" notion is absurd on its face. Bitcoin is not running behind a bunch of failed experiments and new attempts that may or may not work or prove viable trying to catch up. The experiments are excellent and worthy and laudable, but it is senseless to chase every new idea. Bitcoin is not the place for implementing rapid application prototyping. Take some time to figure it out first before breaking one of the few things that already work. Embrace, extend, extinguish strategy is bad enough when done from the outside. Lets not do it to ourselves. |
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More retail merchants may be bearish short term and only bullish later.
More users = bullish
More spend-ability = bearisn
More spend-ability ultimately leads to more users, but that lags.
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Mine pool owners might also act under coercion.
Damaging things may be done willfully or not, the vulnerability is simply the concentrated power to do them. Self interest is a necessary protection but not a sufficient one.
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Further all the marketing done for the dev alt coin version would equally apply to the bitcoin block chain version, except for what future work they might do (which could then be subsumed as well from the new chain, and so on).
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If someone wants to launch an innovative alt-coin, start with the bitcoin blockchain! Every bitcoin user has the keys to their funds, so if you make the same keys unlock the same distribution of funds in the new coin, then you've already got a captive user base of people who support cryptocurrency!! The fact that no one does this provides insight into the intent of many alt coin creators.
Recognizing the importance of the blockchain also shows that bitcoin would survive even a permanent 51% attack. Since the value is in the ledger, a new network would be birthed that mined the latest bitcoin blockchain using a different PoW algorithm. Bitcoin users would support this network since they would retain their coins, and miners would mine it since they are guaranteed a huge user base to whom they could sell their mined coins.
Interesting notion. |
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Have noticed that Kraken never seem to be effected by any of these bullshit issues and come out on top everytime yet their volume is still so low  Kraken is top a noch exchange, i would say it's the better out there, they only thing they are missing is volume. They where not affected by the malleability issue also. Indeed, everything to do with Kraken so far was perfect. Maybe volume is low, because volume is low? Meaning, they are unattractive for bigger investors as they could not act without giant slippage. Because Whales get eaten by Krakens?  |
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Kill a dragon in Azeroth and don't report it to the IRS?
Go to jail.
Real jail or Azeroth jail? All I know is that the time I spent training for the job as IRS auditor of Azeroth should get me some continuing education credits, or something. Unless continuing education credits are a type of virtual currency too... Wait, if I let frequent flyer miles expire, do I get a write off? |
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We have yet to see (real) Capitalism being used properly either.
That is the real problem. The real capitalism is not used anywhere. For example, in the US, it is Socialism being dished out after re branded as Capitalism. That's the problem with all : socialism , communism , capitalism etc...In theory all sound ok. In real life , humans find a way to f*** it so good you need to invent a new concept. Say no to "-ism"s!  Now really , English is the fourth foreign language I learned but...is there any -ism word that describes something nice ? I can't think of any right now. Organism |
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Derivatives are about to be unleashed on Bitcoin, so the problems gold has will become Bitcoin's. Yes it's becoming a big boy's game, and it'll be manipulated all the same.
The only difference is that investment must be saturated before it's fleeced. Bitcoin will have to go up a very long way until it's no longer the golden child of institutional giants.
If the ETP gets naked shorted, we can always buy blocks of 25k for cheaper than they are worth and redeem them.  Also am not expecting it to be the price determiner any time soon. |
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As a fellow beekeeper I'd say the bees are more dangerous than the bitcoins.
You are a good parent. It shows in your child's interest in engaging with you on these things.
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Edit: Also MtGOX is fact and no FUD. China news right now are a bit FUDdish but will soon proven to be rock solid facts.
Is you claim that there are big bitcoin investors that don't yet know about emptygox and china issues, or that the situations are worse than anyone knows? Otherwise the market has already reacted to these. Its in the price today. |
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oh dude... it's not the best thing to teach a little girl!
Everything is worth learning if taught in a non-dogmatic way. And learning, when still a child, about the value of money and how to manage it surely has a positive impact on one's indepence as an adult. And she can teach her class. Early knowledge grows and spreads. |
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Bitcoin was just simply overvalued by crazy Chinese gamblers... it went from 100ish to 1000 in a month. Now it is going back to its market value. Nothing special about it. No need to think of conspiracy theories.
Bitcoin is always at its market value. It doesn't take a conspiracy among governments, merely commonality of interest. To the extent that governments are beholden to banking and to the extent that bitcoin presents competition to banking in both cost reduction and transparency you will see what looks like conspiracy but no conspiracy is needed to do this. So whether there is or not the same effect should be expected until some smart banks break ranks and want to be the leaders in the new model. Then you will see the real action... when banks compete to adopt it. |
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"In order for a miner to verify a block of transactions, he or she must first gain access to it. Each block is locked behind an extremely complex password, and miners use high-powered computers to run the complex calculations that lead to correct passwords." journos... secured (from alteration) by a hash =/= password "Now that you (kind of) understand the Bitcoin system, perhaps you want to use it. First, you have to buy bitcoins, much like you’d need to buy pesos if you went to Mexico. In this case, rather than hitting the airport exchange booth, you’ll need to purchase a bitcoin wallet—computer software that allows you to store, spend, and receive bitcoins on your mobile device or computer—from a site like Blockchain.info. " I hear their prices for those wallets are very reasonable. They might cost you an email address, or less. |
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Its also equitable to knock out my teeth because my grandfather has none, but I'm not likely to want that either.
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A distinction should be made between public and private unions.
Private sector unions have increased worker safety and improved conditions.
Public employee unions negotiate with public employees who have no meaningful incentive to negotiate on behalf of their fiduciary trust with the taxpayers. The union dues get them elected and the folks who pay the bill for the handouts (taxpayers) aren't even in the negotiating room.
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The new meme!
Bitcoin: The safe way to take candy from strangers.
Sending enough for a chocolate bar.
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TA without using volume metrics is fail. If you just look at price you see less than half of the picture.
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I don't support government issuance of licenses to marry and divorce.
If Eich was wise he could have argued that he was trying to reduce slavery.
So speaking legalese BS is being brave and wise nowadays? How about "I will rather quit my job than bow to the pink mafia and lose my right of free speech?" Speaking like an adult, as in anon's example, is more becoming for CEOs generally than incendiary rhetoric. |
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