This would be like a postage stamp with a value in bitcoin? |
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Personally, I'm sticking with Bitcoin. I see it this way -- because it is trivial to "restock" my supply of bitcoin, I don't hesitate to choose it as the currency I use for spending. And because when I spend using Visa/MC/PayPal, the merchant gets less than a dollar for each dollar I spend, I believe it is only a matter of time before we start seeing incentives from merchants driving us to use Bitcoin as the payment method. i.e., I as a consumer gain more from using bitcoin for a payment than I would gain as a speculator from the increase in its value.
+1 Couldn't agree more! I especially use credit/debit cards for small purchases because the banks take a good chunk. I write checks for larger payments because it is slower for the payment to process. |
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One of the most serious problems is hoarding... The natural way to do P2P currency expansion is to award new coins proportionately to those who hold existing coins.
I see. So the way to solve hoarding is to reward folks that hoard coins is to give them more coins? |
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Today I handed a Casascius physical bitcoin (1 BTC denomination) to presidential candidate (and former governor of New Mexico) Gary Johnson and described in brief how a decentralized digital currency works.
What was his reaction? I guess he smiled and looked very interested while thinking 'OMG as soon as I'm in office I need to make that shit illegal and send this guy here to Guantanamo'. He wants to become a president. Obviously he will oppose anything that threatens to minimize government power which is what Bitcoin has the potential to do. Or do you guys think you can find _any_ president who would embrace something like Bitcoin? Joe I hate to say it, but maybe Ron Paul? |
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http://www.fool.com/investing/general/2011/11/01/following-a-1000000-gain-a-slow-motion-crash.aspxThe Motley Fool follows up from a previous story. But what about the long-term prospects? In an email, Andresen relayed that he remains upbeat on Bitcoin's future. Furthermore, he mentioned "dozens" of development-stage projects, including secure "Bitcoin wallets" for cellphones. Although he doesn't see such ventures as critical to Bitcoin's success, they could, in my view, provide a notable boost.
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I'm looking forward to this new service provider.
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Im guessing it will end up invalid. Not sure why, but a lot of the blocks I've seen that short end up being marked invalid.
I'm here for a moment  . No, this block is perfectly valid, you can click to blocknumber and see details on block explorer. Enough with the added extras more important how about processing payout since this all day outage We've been WAITING on namecoin payout for 3 days clicking on the block number isn't a recently added extra, it has been there for a long time. 1. Strange, re: waiting three days since I believe my last namecoin payout from Slush occurred two days ago. 2. The webpage says (although down at the moment) that payouts should be processed by Nov 3rd at 12:00 UTC Thralen Funny I've been checking every hr & never saw said notice This IS BAD up & down for at least 3 days is BS playing with tor instead of TCB I've been getting http timeouts for 2 wks but only on one machine and yes it's using api2 address I was trying to check namecoin stuff and have been waiting for funds to build & process at this point I've gotten more straight pay out from deepbit in the last 24hrs than slushes proportional pay scheme for every day last week putting it mildly I"m not a happy camper rabble rabble |
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Is there a way to allow the bitcoin network to create a registry of bitcoin miners? If transaction verification could be randomized, it would go a long way to making the process more reliable and maybe faster.
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100 BTC bars. Hmmm. I suppose it would be a good way to hide your bitcoin treasure in you pile of someday worthless gold bars.  |
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Spend all the fiat money to buy bitcoins, and then delivery all the bitcoins freely and fairly to other people
and then watch them gradually end up back in the same hands, exactly the same way it happens with fiat. They won't end up in the same hands because bitcoins can't be printed on their demand. Bitcoins are finite. yeah, but spenders will spend and entrepreneurs and risk takers will end up with 99% of the wealth. redistribution is only ever temporary. You think entrepreneurs have 99% of the wealth? Try visiting any of the thousands of downtown area in the USA that has a Walmart and other big block stores. You'll see a lot of empty store buildings. But I'm not even talking about that. Banks don't even loan money to small business anymore. Big banks make money through selling arcane financial vehicles. |
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Spend all the fiat money to buy bitcoins, and then delivery all the bitcoins freely and fairly to other people
and then watch them gradually end up back in the same hands, exactly the same way it happens with fiat. They won't end up in the same hands because bitcoins can't be printed on their demand. Bitcoins are finite. |
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The chart from bitcoinwatch.com was removed. Is there somewhere else to see where the mining pools stand? |
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Wouldn't someone working for Yale Daily News (longest running college newspaper) have a yale.edu email address?
A journalist from Yale would know how to spell 'buy' as well. I'm a reporter from the Yale Daily News and I would love to get a sense of what attracts consumers to Bitcoin. If anyone is willing to comment, I would love to hear from you on what makes you want to trade/by/invest in bitcoin.
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Why not just buy-as-they-go and use bitcoin via bit-pay or mtgox?
The main pragmatic point to their using Bitcoin would be to secure themselves against seizure of funds. Buy-as-they-go isn't an option if that's the goal. Of course, they could just dump their USD into one or more Mt. Gox accounts, but then they'd have to trust Gox. Try selling the idea of giving all your money to some guy on the Internet to a very diverse crowd of people... Indeed. This is the decision we must all make. |
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Why not just buy-as-they-go and use bitcoin via bit-pay or mtgox? They can organically show businesses one-by-one how to accept bitcoin for payment and either keep them and/or convert instantly to local currency.
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A wise critical thinker was Mr. Huxley.
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I wonder what the Eve Online systems could add to the Bitcoin network?
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Here I just invented the next Bitcoins...
GermCoin
... [snip]
eww |
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