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I agree with the mining in the client. Put in real gpu mining.
Perhaps it could check the system hashrate and the network hashrate and turn on mining only if the network hashrate "quickly" goes down and or below a certain value. Its needed if only to make investors feel more safe.
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"DEBKAfile's intelligence sources disclose that Tehran has set up alternative financial mechanisms with China and Russia for getting paid for its oil in currencies other than US dollars. Both Beijing and Moscow are keeping the workings of those mechanisms top secret. "
Aha Bitcoins! They are paying with Bitcoins!
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It may not be too soon. Amazon can always roll out a trial for limited purchases like certain 'digital goods' only. They could also limit bitcoin to certain countries with restricted payment options during any such trial. Also, I cannot imagine that Amazon is just ignoring the millions of USD/EUR/GBP/etc that could be saved in VISA/MC/AMEX/PayPal merchant processing fees!
They would be stupid, not to make a limited trial with Bitcoins sometime. |
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You can limit the amount sent from the wallet not to it.
For example, limit it to send no more than 1 bitcoin per day/week.
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Let the price "slowly" rise quite stable but ofcourse with some ups and downs.
This way bitcoin will gain in interest from the outside as a trustworthy investment attracting more investors and increasing the value of the investment.
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You will regret not getting a few Bitcoins while they are cheap if/when they go up.
There has never before been any other currency on earth where you can see every single bit of it and know its impossible to fake.
With which you can be your own bank.
Ask yourself, how much did a bottle of milk cost 20 years ago? 40 years ago? 60 years ago? 100 years ago...
As you clearly see your money decrease in value for every year.
Bitcoin if still here will not decrease in the long run but increase.
So while your other money decrease your Bitcoin money will increase.
The longer Bitcoin lives, the more its value increase, because the more people understand its here to stay.
Dont miss the rocket...
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How about voting with your money? As in only buying from pools that are not the largest.
If its bad for the network I dont want to support it with my money. I would never want to buy from a pool thats 51% since its a weakness.
I rather support small pools but I dont want to donate to people earning money by selling their coins.
Would it be possible to know from which pool the coins come, and rather only buy coins from small pools?
Perhaps in an exchange where you can select if you want to buy coins only from pools less than X% size thus creating a natural support for small pools.
Since if all pools would be small you would still buy from all pools.
Ofcourse a pool operator could own several small pools...
What if it were your coins and no one would want to take them?  Not saying noone would want to take them. Just optional. But imagine you are an investor buying coins for $100.000 would you buy them from someone who makes the network less secure and makes it more likley that you lose that investment? Or would you rather buy them from miners making the network more secure? |
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How about voting with your money? As in only buying from pools that are not the largest.
If its bad for the network I dont want to support it with my money. I would never want to buy from a pool thats 51% since its a weakness.
I rather support small pools but I dont want to donate to people earning money by selling their coins.
Would it be possible to know from which pool the coins come, and rather only buy coins from small pools?
Perhaps in an exchange where you can select if you want to buy coins only from pools less than X% size thus creating a natural support for small pools.
Since if all pools would be small you would still buy from all pools.
Ofcourse a pool operator could own several small pools...
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If you could include a message containing an email adress or an adress you would be able to sell things online very easy.
The money and the adress where to ship or the email adress where to send a download link.
Ofcourse this can allready be done but it would be even easier.
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Everyone who uses Bitcoins should really try to send a few emails to companies they like asking them when they will start using them. When it comes to small-medium sized companies or websites 5 emails during a year can really make a difference. Most of them actually got nothing to lose only to gain from it. Sent email to: http://www.pledgemusic.com/Suggested bitcoin as a feature improvement. Told them that I would rather give Bitcoins to the artists than to a payment service (I mean money.) and that they would have zero risc of chargebacks. "Hi there Thanks for the suggestion, we will ask our transactions team about this. Team Pledge" Sent email to: Voddler.com Still no reply. |
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I like your thinking, however it could get you into a false feel of safty.
The hacker would wait for you to use a wallet with much greater amount on.
Would be even better if those stolen coins would not really move, they would only show an attempt to move them has been done or if they could be tracked down or the hacker could be tracked in someway. Perhaps that will be possible with the new client.
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If you hold a million Bitcoins and want to get rich you will not crash the market time and time again that would be very unwise, like destroying your own wealth.
And the higher the price the less coins you will have to sell, so crashing the market and keeping the price down is stupid unless thats what you want.
Ofcourse I can imagine one of these early adopters need lots of money, they expected to get rich by now and took a huge loan they have to repay it.
Maybe he have been trying to postponed a sell for a year expecting price to be $50 and now really have to pay some bills no matter what.
Or someone trying to crash the market to create panic, by up as many as possible, than sell to himself to make the price rise.
But in that case, you can join that ride unless you panic to.
I would rather say, its not unwise to buy at this time if you can afford to lose your investment and if you do not panic as soon as the market crashes.
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There are so many things.
Greed, longterm and ripples.
Its here to stay.
Thats what will make Bitcoin huge.
Grass roots
Small online business
Speculators
Middle size business
Inflation vs Bitcoins
Black market
Money transfering
More and more people and small business start having an adress.
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ThinkGeek is a good target.
Just sent this to them... Great idea D&T!
ThinkGeek:
I would like you to consider accepting Bitcoin as payment. There are about 8 million Bitcoins currently in circulation with a total value of about 50 million dollars ($6 USD per Bitcoin).
That is $50 Million dollars, held almost entirely by geeks and nerds that just WAITING to hand over their money for your very targeted products.
The advantage to ThinkGeek is a reduction in fraud/chargebacks, reduced PII requirements, reduced visa transaction fees (more profit for the company), and enormous free advertising and publicity - not just in the tech community, but the world as they watched the legitimacy of this new digital currency solidify under your acceptance.
Great letter! |
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It's the same size, I think they changed the graph scale again  I noticed yesterday, that there were 50k BTC to $9.91 and 50k worth to $6.4. It was very lopsided. Right now is a different story. And, the $1.28M yesterday, has been reduced to $972,xxx in bids. The full view of goxlive looks inverted from 24hrs ago. Someone is really playing this market and now want to buy cheaper  |
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I asked. They guy i talked to did not know but would forward my request.
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Mt.Gox does not have any choice. They are not stealing the coins, they are holding them. He/she is free to get them, just send his ID.
If they dont do this they would be forced to shut down because things like it would be held against them in court. Its that simple.
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Allways ask if you can pay with Bitcoins.
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