BOTTOM LINE: BITCOIN IS NOTHING. IT WILL REMAIN NOTHING UNTIL BITCOIN STARTS GROWING UP. Reinventing the wheel (which is exactly what casascius is trying to do) is wasting time and distracting from bigger efforts.
This is why Casascius is doing the right thing. Starting small with a new idea isn't a bad thing. I like your system, but it looks too expensive for a business that is looking to save every satoshi. Also, your payment processors may end up charging higher fees for bitcoin transactions than Citicorp. As far as distracting from other efforts, I'm not sure who you are referring to. Bitcoin is not nothing. Bitcoin will still be around after the politicians have balkanized or confederated the USA. This is putting a lot of faith in MtGox to become adopted by mainstream buisnesses. I want to see it happen, but it will meet political resistance from antibitcoiners that have a face (MtGox) to attack. Here's what seems to be missing: Where is this decentralized exchange folks want to develop? https://bitcointalk.org/index.php?topic=45751.0https://bitcointalk.org/index.php?topic=7212.msg105791#msg105791tl;dr We need both your and Casascius' system.  |
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Obama has a great speaking ability, but Williams has a voice of a radio God. Obama sure looks like Tom Ted Williams:   |
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Are you saying that visa and mastercard are the proprietary owners of the data centers that handle all transactions from all credit cards, even if it's a gift card for a store? I don't think so.
You develop the backend at a server, you provide the certificate and access codes, you give a program code to the machine, it's done.
Credit and gift cards are not free. Transaction fees are paid ultimately by the consumer. Not so much with bitcoin. It will be awhile before anyone is ready to use bitcoins via POS, but these open source projects show what can be done with bitcoin. |
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All they do is register as a money service, pay their dues and then merchants can just add their system to the options on existing POS terminals.
"pay their dues" Visa and Master Charge fees, money conversion fees, bank fees, money service fees, etc. Merchants are constantly losing profitability and can barely afford to take credit cards anymore. This device is not supposed to be a new idea, it's just a familiar device for a bitcoin based banking system that has very low fees. |
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a) to the person that coined the Bitcoin term "asspenny" I hate you.
b) It's ridiculous to think one pool owner is responsible for all of these attacks
c) Slush, I love you man. You were the first pool I ever mined on way back when dont give up brother!
d) I honestly think that these denial of service attacks are coming from people that hate Bitcoin and consider this to be an opportune time to destroy it, the values are so low they think they can make wipe us out completely by doing this. I do not believe its an angry botnet owner who's only motivation is revenge, as a psychologist this does not make since to me, someone who owns a Bitcoin mining botnet is motivated by money and he is losing money like everyone else right now. Also the person that is holding down all these pools has tremendous bandwidth at his disposal. It's almost as if this is a sponsored attack by someone that has some serious (legit?) FIRE POWER. If it were a hacker - This kind of attack would require a great deal of rooted *nix boxes to accomplish this.
a - agreed b - I concur c - amen brother d - I'd like to see a discussion of the magnitude of this attack. |
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I used BANKS FEAR BITCOINS at occupy portland, and some people didnt like it.
Seems we are not suppose to spread 'fear'. Oops.
So I talked about it with them, and I am making a new sign. I'll be switching over to..
"Ask me about Digital Currency"
I was thinking of "One World Currency" and hand out paper keys worth 0.0666 BTC. |
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I would sell at 1 to buy 10000 in another currency.
thanks. good to know there's someone to buy from for $1 each... you want to set up a deal outside the exchanges? Let's all agree to only buy at $1 and create a $7Mil buy wall. Remember, don't bid over $1. Agreed? As long as everyone [else] is in complete agreement... <goes off to place his bid for 1.01>. Durn, I was hoping nobody would figure out my ebil scheme. *changes bid from 1.01 to 1.02* |
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I would sell at 1 to buy 10000 in another currency.
thanks. good to know there's someone to buy from for $1 each... you want to set up a deal outside the exchanges? Let's all agree to only buy at $1 and create a $7Mil buy wall. Remember, don't bid over $1. Agreed? |
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magic my ass.
You might want to ask Bruce Wagner. I really don't know much about it. |
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No bid deal ? tell me how they converted all those BTCs into USD....
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Are there any mods here?
 We are the Mods! |
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How sound will it be when the hash rate drops to 1/10th of what it used to be?
The botnets are growing and they will always be around. In fact, they will probably evolve into a subscription service.  |
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The botminers may end up maintaining the network. Hopefully they won't kill the potential value of their own investment.
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Deep analysis of trendlines unveils a bright future of fun!
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If nothing else, I think Cassies will be collectable if not museum pieces in 50 years  |
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Enacting the will of the people is important if it's genuinely their will. If they don't even know what to believe after a lifetime of lies, omissions, and indoctrination, education is a more important first step.
I can assure you this is genuinely my will. It is genuinely the will of the people around me. Quite frankly, most of the people around me deliberately left the people around you. Not because life would be easier out in the wilderness, but because their life would be better without people like you. It is quite disingenuous to question their "education" because they don't agree with you. My people aren't asking to rule over you. They are asking to be left alone by you. The thing about being left alone in today's society is that it's entirely impossible. And the things libertarians advocate in the name of being left alone are tremendously destructive to the rest of society. And of course the person who readily consumes propaganda thinks it's his genuine will. It wouldn't be very effective propaganda if he didn't. In American society's rush to the right, a lot has been left behind. For instance, "College kids today are about 40 percent lower in empathy than their counterparts of 20 or 30 years ago, as measured by standard tests of this personality trait." http://www.sciencedaily.com/releases/2010/05/100528081434.htmWas that their will? I'm sure every one of them would say yes, but does that make it so? This is why I think bitcoin will succees as a currency. It requires no trust. Our modern sociopathic culture will embrace bitcoin until they realize that money does not build a society. |
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For all I care they could all shut down.
A decentralized exchange method will come up.
There's also a good chance bitcoin will be prohibited under US FINCEN rules, which would cause the whole thing to move underground. But rather than a decentralized techno-darknet, I think the replacement would be more like how drugs are distributed now, with a shadow distribution network. Wouldn't it be ironic if weed were regulated and taxed like alcohol, available for purchase in stores, but bitcoins were illegal and had to be bought in person? "Sorry honey, I'll be home late, I'm meeting up with my bitcoin dealer after work". If I buy bitcoin with Euro in Japan, then how is FINCEN involved? |
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The mathematical and decentralized nature of bitcoin will show us that reiterated patterns will emerge. We know that it cannot reach 0. I suspect that the bitcoin model will be adopted by many other investment vehicles in the future.
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Traditional investments fail when the corporation is closed. Bitcoin will close when the last botminer and pool stops running. Not likely. Bitcoin is an idea that is too big to fail. Enjoy the second chance at becoming an early adopter.
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His new persona hasn't said anything too ridiculous yet. Wait for it.
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