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Lawyers, Guns, and Money are the Rock, Paper, Scissors of the real world.
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This thread
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Here's the problem with selling. Let's say you sell and have an amount sitting on an exchange. Right now we're just speculating and fluctuations are pretty small. Some folks claim they trade their entire wallet for probably relatively small profits. One of these days there will be a major announcement like happened in May 2011. The price will jump quickly and bubble, but who knows what the peak will be? All these small profits from trading will be lost in one single stroke. While I'm sure there are Bitcoin insiders that will know about these announcements before the rest of us, I would hope they don't exploit that fact whether legal or not. In fact, Bitcoin may just blow up and not bubble at all until those people holding large wallets decide they want to live a little.
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You might investigate an Alps microdry printer. They don't use inkjet, laser toner, or dye-sub technology (although they do dye-sublimation with a different set of cartridges). The ink is on ribbons, and it is melted directly onto the media (which also lets you print white, foils, etc). I've made iron-ons that look like thick silk-screening and certainly go through the wash many times. Blatant plug: I could be talked out of my printer since I don't use it much. I remember color thermal printers in the 1980s. Would they (if they still) work? |
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A paper bill is fine, but has one small problem. Unless you know exactly how much your purchase will be, there will be a balance left over on your paper bill. You can't just throw it away after an amount is swept off. You will need to move the balance to a secure address somehow. It would be great to have an automated way to make your bill expire after a predetermined set period of time and the balance is then moved to the next address in a series.
or just have a keyring or card with a qr where the merchant could return the change https://bitcointalk.org/index.php?topic=57303.0I'm not sure I understand the difference between sweeping and importing a private key. |
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A paper bill is fine, but has one small problem. Unless you know exactly how much your purchase will be, there will be a balance left over on your paper bill. You can't just throw it away after an amount is swept off. You will need to move the balance to a secure address somehow. It would be great to have an automated way to make your bill expire after a predetermined set period of time and the balance is then moved to the next address in a series.
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The perfect money... You can get anything with it.
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Money is a representation of work (well pure money is).
Bollocks. We don't have true free market capitalism in any nation in the world today, and probably never have.
Somalia. Most of Congo. Most of Nigeria,... no state to distort or disrupt the free market there. I would like to see a picture of a capitalist in Somalia and perhaps a peek at his/her portfolio. What investment advice does a Somalian Capitalist have to share with us proletariat? |
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It's about time!  [edit] A hint? Something about SAG, maybe? |
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Bitcoin is not a multimillion dollar enterprise, yet. In fact, isn't worth much at all if there isn't major development done to improve the network to allow for explosive growth. While I do have a lot to lose if Bitcoin fails, I am not afraid of risk and the rewards are worth the investment. I have a lot of faith in the bitcoin community. Pick a BIP and let's roll.
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Capitalists are people who make money with money, not work. Capitalism is espoused by people who believe this is a good thing. I suppose I might too if I was born a gazillionaire.
Money is a representation of work (well pure money is). We don't have true free market capitalism in any nation in the world today, and probably never have. Indeed. There is no evidence to suggest it. |
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Capitalists are people who make money with money, not work. Capitalism is espoused by people who believe this is a good thing. I suppose I might too if I was born a gazillionaire.
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Current governments would die using Bitcoin. They would literally destroy themselves.
Even if they start after price is stable, no deflation, the current methods would only bring disaster. They would produce debt again, and at some point start walking the edge as before. Then, something bad happens. An accident, an earthquake, a depression, a war. And they can't pay, and can't inflate, and lose control rapidly.
There is no headroom in the way governments handle money. When something goes wrong, they use inflation, bending rules and damaging the economy to get by. If they lose control of that, they will not be able to pay those millions of people they employ, and things break down. I'm not saying this would be a bad thing. But they probably like things a lot better the way they are now, and I don't get to decide.
If debt financing government is so great then bitcoin will fail miserably. Why worry? |
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Do you mean that milli, micro, nano and pico are all very well established and obvious but the satoshi is just a generally accepted unit but is not officially recognized?
I prefer to call them Millies, Mikes, Nancys, and Pedos Pedros  |
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Yeah it's one thing for someone to have the same idea as you and another when they start a new thread using your idea immediately. I don't mind sharing ideas and having people use them, but there is no honest reason to not even acknowledge the idea in the thread they steal get it from.
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Bitcoin is a stake to gamble that has rewards beyond measure.
Bitcoin is a stake to support a global democratic economy.
Bitcoin is a stake to drive into the blood-sucking central bank's heart.
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A network of 3d printers/vending machines/supply storage/robot vehicles that autonomously warehouse, package, transport, resupply and vend/print that uses bitcoin as their command and control protocol.
Yes, but Bitcoin will not be used by people, but instead by the intelligent RBE network Bitcoin v6.0 itself. |
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