if I have it right the maximum number of transactions btc network can handle is 7 per sec. coffee purchase and walmart trip has to go offchain eventually.
I've seen the "coffee" argument before (and may have used it once before). What would be possible outcomes to overcome it? Bitcoin specie, for one. Gyft cards for another Bitcoin Asset backed debit cards... New code... The market will resolve this, probably around the time that a few more coffee shops start accepting bitcoin. I feel like I should be adding #bitcoinisinbeta to everything now. Unrealistic expectations are overextending it and folks will be let down if this is not all done yesterday. |
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So long as my planes aren't diverted, will see you there.  |
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Gold collapsing. Bitcoin UP.
Shock The mystery here is why is not gold going up, at least moderately? Gold is heavily manipulated. Primarily this is done by sovereign wealth funds and central banks. Saudi and USSR used to be the big movers. Of late it has been the US federal reserve dropping the price over the last year or so, ever since a handful of nations asked to repatriate their gold. So... since the price is set by the ETFs these days, the bullion banks can sell naked short the ETF as much as they like, backed by the Fed. They can take many billions in slippage losses in the fiat currency to drive it down. Once they have the physical at the new lower price, they can buy and ship. They asked the foreign nations (Deutshland primarily) to wait seven years for delivery (even though the gold would have fit on a few jumbo jets and logistically could have been arranged in a matter of weeks). The gold price is primarily not set by the market in which we participate, and hasn't been for a long time. Perversely as dollar risk rises, some folks will move to gold from bonds as interest rates climb so the gold bears will get some help there too. When it gets cheap enough, they will load up their truck with the stuff. |
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Who all is going to be there?
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Exit node does not know where the source node is. It's the chain of proxies. SR has fallen not because they outsmarted Tor
What degree of certainty do you ascribe to this assertion, my European friend? en.wikipedia.org/wiki/Parallel_construction |
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I wasn't joking when I said Bitcoin's developers suck.
Bitcoin is in beta. That fact should be in front of every news story and public appearance. I wouldn't say the developers suck so much as they are overwhelmed with too many priorities, due to a too-fast growth. Bitcoin is being overextended, partly by its supporters, but also by its opposition. There is a risk that the broader cryptocurrency effort will be discredited by a great failing of its most noteworthy example. Killing the ponzi element would not be a bad thing. If Bitcoin grows in its season, blooms, casts off its seeds and browns for the winter, we ought yet look forward to seeing what may come. Its in beta. |
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Its not an insult, you guys need to research about this reptile dude b4 even bother reading his post. He was a laughing stock. Then he admitted that he needed help and checked into rehab. None of that is an insult. I'm shocked seeing him back and the same old "i'm loaded, i'm dumping coins" BS.
If you check back to my posts last spring, they did indeed generate more angry responses. So I decided to back away from the forum until they would be better received. IMO this is what's happening just now - all of my threads are receiving spontaneous kudos from newcomers especially. Good for you. Just stop with supernode and whales crap and you'll be fine. Lol, one cannot deny his destiny: Once I get my hands on the 8-figure amount of CNY that is sitting in my trading account, I buy a 1600s palace with a 14-acre garden.  Beat that dude! (With this rate of value appreciation, you can easily in 1-2 years) Party at your palace then? Hah! Priceless  Each Chinese citizen can bring US$50K out of the country per year. Load up a tour plane of expert Chinese gardeners and bring it home. 14 acres... you will need them. |
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Curious if any of you understood what I'm conceptualizing here? That's the best way I could describe the actual shift in events that take place to enable one to fly.
Douggie Adams explained it for us. Just have to fall, and miss the ground. |
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I've probably transacted about 40 BTC with them. I wonder what percentage of their customers are from bitcointalk...
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Bitcoin was not premined. Hal Finney mined block 70-something, that is, the same day the Bitcoin software was released. You can read it here: https://bitcointalk.org/index.php?topic=155054.0Quoting Hal Finney: "When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them." Good to know. Thank you. Nonetheless, my intention is not only to find proofes, that bitcoin was not premined, but also to make a story about bitcoin invention, early development, etc... Hopefully it's not too late to do that. What is the audience / use / purpose of this story you will make? Is it just about the pre-mining yes or no, or are you is that just a part of what you are doing? For what its worth, the people that found out "too late" probably haven't been born yet. |
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Bitgild is currently the #1 Seller in the whole EU for the Silver Bitcoin Specie:  |
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meh missed to sell at 808$ I think we´re going deep down slowly  Regulation anxiety (assumed risk) has decreased significantly post-hearings.. With fresh blood and continued SecondMarket purchasing, I vote for up, up being more probable (though hopefully at a "Bitcoin slow" rate). yeah, it's hard to really know what's up.. now moreso than the april bubble and bust. china's fervor has died down a bit, but the senate hearing changes the whole game. it gives the OK for major retailer to start accepting BTC. if we don't hear any big announcements within the next week or two, i think it might take a dip. Big companies often move slowly.... I'm working with a few 100K+ employee companies, the decision process is 6 months plus. Then when the decision is made.... They won't even have the forms filled out to get some of their legal department's time allocated to the issue ahead of their PR department's draft cycle which is already backlogged for the Xmas selling season. The Accounting departments are tied up with the end of year accounting and the quarterly reporting. Any new development has to go through the marketing department which has to do a funding allocation request a quarter ahead and then the HR department has to get cleared to hire someone who knows something about what a bitcoin is, which then starts the interviewing process. If you think that is going to happen in a "week or two", you might as well sell now. If you see any announcements, it will be because they have been working on it for a year already. |
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I agree w/ everything you said except "Forcing future generations to repay outstanding debt instead of producing." The national debt is in dollars, not in goods and services. Future generations produce goods and services, not dollars. The US Govt has an infinite capacity to produce dollars.
The only problem you seem to be having is that the government DOESN'T have that capacity. It BORROWS those dollars. Every dollar in circulation is either a dollar of national debt, or a dollar of somebody's personal debt. Eventually, people won't continue to lend to a country with always increasing debt. And when they stop, then the only one left to lend is the Federal Reserve, and the system collapses. China PBOC (Chinese Central Bank) is front-running the Fed's taper, by tapering first. http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html“It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Yi Gang, a deputy governor at the central bank, said in a speech organized by China Economists 50 Forum at Tsinghua University yesterday. |
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Risto if am I not mistaken it appears to me the volatility is rising?
What would rising volatility tell you, if anything about a trading market?
A warning sign, and an indication to take a look to the support levels. However this is bitcoin...this time its different. |
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Thunder Mountain (100% pure Kona) - whole I'm interested. I buy coffee online all the time. 1 lb bag of Mountain Thunder Premium 100% Kona Coffee, whole bean, French Roast for .035 BTC, priority mail shipping included. Priority mail is the fastest/cheapest, includes tracking and usually arrives to the mainland within a week. Faster shipping, Express or FedEx, is offered also, but would be extra. Please PM for quotes for combined shipping, as shipping discounts would apply for larger/multiple orders. How much can you fit in a medium priority box? Maybe 3 or 4 pounds? |
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There are two distinct definitions of "intrinsic value" used in two different fields, philosophy and economics.
This |
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I'm not quite sure your comparison chart is fair to paper wallets. With split keys (Armory) or encrypted keys (BIP38) they should be at least a "possible" in a couple more categories. I'd also say "Phishing protection" is "n/a" for paper wallets since you have "no" for transaction signing. And why is BIP32 not listed under paper backup? You have the Trezor listed as "yes" for BIP32 and "yes" for disaster recovery saying it uses a paper wallet, so it seems like BIP32 should be "possible" for paper wallet. And for usability, I think it should say "Fast use for Internet transactions." I can hand you a paper wallet pretty quickly if we are next to each other  That said, I'm super excited for my Trezor! I don't know. Getting a paper wallet from someone doesn't seem transacted until the coins are removed from it. Who knows who else may have seen it or have a copy of it. Until exclusive control of the coins it contains is established, is it a completed transaction? |
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If you want fast coins, (which in a rising market are more important than anything), and if you have access to North American Banks, try Bitcoin-Brokers.com
But I don't need a Go-Daddy Domain You don't buy coins from a guy because of his domain provider? You know the coins don't touch through the website, right? They just use that for managing some of their communications. Unlike coinbase, bitcoin-brokers has never reversed a transaction for arbitrary reasons, and you can get more coins faster.  LOL, Now I see what you mean. I wrote the wrong URL it is .ORG I appreciate the correction. http://www.bitcoin-brokers.org/ |
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Kona Coffee cravings today have me wishing I found this thread a week ago.
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Dunno if this could lead to situation where in countries like Germany there would be large pools of rather inefficient, but cheap hardware which is only run when energy cost is low or zero...
Waiting for the "Heating my pool to tropical temperatures while feeding my pool hashes" rig. The miner/water-heater combination! That's actually a really clever idea. Someone's bound to invent it eventually. I don't know, have been mentioning it for years so may have to do it myself. Well heated pools are good things. Also dual use engenders efficiency gains that reduce mining cost and more mining is also a good thing. |
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