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When will established business get wind of this new way of making tons of money?
Dear Gov't, Businesses need money. Give us some. Thanks bye. |
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Altcoins are side branches in evolution. Their ideas will be used in Side Chains backed by bitcoins nearly 100%. You will pay a little to use the side chains for things like anonymity (where it's legal) or demurrage for shopping sprees. You won't ever be completely locked into them if they fail because there will be a protocol level mechanism for cashing out back into bitcoin.
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If USA decided to spend one trillion to attack Bitcoin, China could make them waste that trillion with far less. They could show how weak the USA is.
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The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
you are delusional, you are feeding the bear market. Do bears not bleed? Now who is delusional? |
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The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.
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Doge's Law: If cryptocurrency is open source and it is successful then it will be memed.
I think SCs will be cloned to death. There will be no incentive for a whale to corner an SC that he cannot build and market himself.
Except that DOGE hasn't been successfully cloned (and many have tried). Memes are marketing. Good marketing is hard and not obviously replicable. Doge isn't successful. It is the meme inspired by Bitcoin. Doge shows that marketing gives the perception of success. Success is measured by the fear it produces. Only Bitcoin is feared by presidents and kings. The presidents and kings will try to clone SCs where they failed to clone Bitcoin successfully. They will use "Doge style" marketing to pump their SC clones. You are missing the point. Once it is successfully memed then it can't be cloned to death. There will be many tries, but at some point one will dominate and then future meme clones will just fail. That's what happened after DOGE took off. There were cat coins, rapper coins, and all sorts of dumb attempts to clone it. They went nowhere. A year later DOGE is now #3 out of 1000+. You obviously don't understand memes. I'm not hating doggie, it's funny and the press can't hate bitcoin and love doggies. It serves the purpose of being Bitcoin's fool. Every doge has its day. It's a great gimmick. They can't copy a caricature because then it just shows you have no imagination. |
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Doge's Law: If cryptocurrency is open source and it is successful then it will be memed.
I think SCs will be cloned to death. There will be no incentive for a whale to corner an SC that he cannot build and market himself.
Except that DOGE hasn't been successfully cloned (and many have tried). Memes are marketing. Good marketing is hard and not obviously replicable. Doge isn't successful. It is the meme inspired by Bitcoin. Doge shows that marketing gives the perception of success. Success is measured by the fear it produces. Only Bitcoin is feared by presidents and kings. The presidents and kings will try to clone SCs where they failed to clone Bitcoin successfully. They will use "Doge style" marketing to pump their SC clones. |
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Doge's Law: If cryptocurrency is open source and it is successful then it will be memed.
I think SCs will be cloned to death. There will be no incentive for a whale to corner an SC that he cannot build and market himself.
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 I think this one the defination of bitcoin is "a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank." Ok...sign a contract that gives me your house in exchange for 10,0000 bitcoins (as per your definition). Do not be surprised if you end up with 10,000 BBQcoins (which fits that legal definition). That would require a legal tender because you are servicing a debt with a contract. Don't play lawyer mind tricks with hypotheticals. I don't see the need for Bitcoin legal definition because you have superior payment fulfillment properties such as multisig and escrow. You would require proof before the contract is signed and put the proof in the contract. |
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They are probably laughing their butts off that the terrorists lost a fortune in Bitcoin.
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Do we have any idea (best wild-ass guess) when bitID may be available in the mainline Android client, something even marginally better than "between yesterday and in two forevers"?
In the case of Mycelium, we have a working demo in our dev build, but we are going to hold off until we get HD wallets finished. Reason is that without, your BitID will only be tied to a single address, and with HD you will be able to have a different ID for different sites, all coming from the same seed used for your bitcoin addresses. This is big. |
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That is the point of a reputation keeper it keeps everyone honest.
That's what Bitcoin is. It's a public ledger that keeps people honest as long as you don't just blindly give them your money and you keep your keys offline and secure. |
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I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion I don't trust the miners. They have to solve the next block according to the protocol. If they don't, it's not accepted. Why would I? I have no idea of their goals, motivation, or transaction history. I dont even know who they are. Why would you what? Trust miners You are asking the wrong person, I just told you that I don't trust them. If I don't trust them, I'm not sure how I can tell you how (or why) to trust them. Miners put their money where their mouth is. |
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I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion You can have a decentralized trust system like Silk Road, but only desperate drug addicts would trust it. Bullshit. People trust people who are trustworthy. I trust sellers on the SR they do what they say. I dont trust asic chip set manufacturers, All currency is a debt. Maybe you do, but how does that invalidate my point that only desperate drug addicts would trust it? |
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I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you?
The thing about trust is that you can build it until you've reached your goal. See pirateat40. He did what he said until he didn't. History is littered with examples. I just chose one that might hit closer to home for some here. The thing about trust is that trade requires it. There is no such thing as trust less transactions. It is all a matter of who to trust. Right now bitcoiners trust who ever has the best mining hardware.. That system sucks dick. I am saying why not trust the individuals with the greatest trustworthiness instead, but that is against holliday's religion You can have a decentralized trust system like Silk Road, but only desperate drug addicts would trust it. |
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We have not had a currency that was issued into existence for one and we have not had a digital coin with a standard.
Who would issue and standardize a digital coin? Trusted entities. I would be willing to issue currency denominated in a objective standard like a ratio to the rogers commodity basket index and redeemable in objective value like USD or gold or used boat parts, and I would be willing to secure a node of a blockchain for free. Who is trusted? Howabout Obama? He was the most popularly elected president in world history. He even has a Nobel Peace Prize! I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you? Isn't that called a FICO score? Yeah but that is centralized. So what you are asking for is trustless trust. No? |
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We have not had a currency that was issued into existence for one and we have not had a digital coin with a standard.
Who would issue and standardize a digital coin? Trusted entities. I would be willing to issue currency denominated in a objective standard like a ratio to the rogers commodity basket index and redeemable in objective value like USD or gold or used boat parts, and I would be willing to secure a node of a blockchain for free. Who is trusted? Howabout Obama? He was the most popularly elected president in world history. He even has a Nobel Peace Prize! I say we start trusting those who have a reputation of doing what they say. I am willing to trust you a lot more than KNC, but trust is liquid and changes with circumstance. That is why we need a decentralized reputation keeper. I will run a node at a cost to me. Will you? Isn't that called a FICO score? |
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