To ignore coin and profit is to deny reality. Communism is a failed experiment. We laud your generosity to invest on possibilities and your wherewithal to invest 20 Btc on visionary projects. Thank you. However, your noble actions are somewhat diluted by your criticism of others.
Sorry, I'm not a communist, and that is not my intent with my post. My point is that it's like people are arguing about how many shares of stock Google has issued, and at what starting price, wodering how much their shares will be diluted, while ignoring the actual business plans and people behind Google who will actually make those stock shares be worth something. People focus too much on the supply/demand side of economics, not the network effects enabled by the capabilities of the coin software. Much like people who don't understand bitcoin complain about it's supply/demand, and complete lack of backing compared to FIAT and gold, while completelly ignoring the fact that bitcoin can replace most of our world's financial and legal asset systems. |
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To me, POW is such a waste of resources, we are spending millions on resources to mine BTC, it doesn't seem like the direction we should continue heading as the world struggles with limited resources. The amount of power wasted mining BTC is absolutely atrocious.
Limited resources = electricity gets more expensive = mining isn't as profitable = fewer miners waste electricity mining. As the mining rewards decrease, resources spent on mining will decrease too. Do you know how much power we are wasting supporting the current financial system? All the energy used to run the bank wire and credit card networks and servers, all the power needed to cool and heat banking buildings that to the same accounting and security that's done automatically by miners, all the money spend on security, bank vaults, guards, armored vehicles, etc. How much of that power are we wasting, compared to bitcoin? Regarding your concerns with POS, read up on Transparent Forging.
Hmm, that is a good idea. So, if I have a majority of the coins in a PoW system, I would need the majority of other users agreeing not to use me to forge the next block in order for my fork change not to go through? What if I own the majority of coins, but they are split up in thousands of smaller amounts, each of which asks one of my own addresses to forge the neck block? How will my thousand "sock puppet" wallets compete against normal users? POW is completely susceptible to corporate control, look at the mining pools, you are close to 51% with Ghash.io alone.
Mining pools aren't mining hardware. They aren't the ones securing transactions. All they provide is a place for miners to coongregate, but miners are free to switch from pool to pool as they wish. This prevents pools from doing bad things, because doing so would cause miners to abandon them, and make the pool lose all its income. Look at the mining pools. They are close, but never go above 51%, because miners keep moving to keep the % below 50. |
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Some more requests From: Andy Posner Hello, My name is Andy Posner. I am the Founder and Executive Director of The Capital Good Fund, a 501c3 nonprofit based in Rhode Island. David Bailey referred me to you re: the offer to get $1,000 worth of Bitcoin donated to you. Here is the info I was told to provide: The Capital Good Fund's Tax ID#: REDACTEDShort Description of Capital Good Fund: Capital Good Fund (CGF) is a social change organization whose mission is to provide equitable financial services that create pathways out of poverty. As a certified Community Development Financial Institution (CDFI), we offer families living in poverty one-on-one Financial & Health Coaching, free tax preparation and personal loans of up to $2,000. Since our founding we have grown to a staff of 15 employees and 80 volunteers and disbursed 409 loans totaling $420,000, graduated 700 people through our Coaching programs, and returned $1 million in tax refunds and credits to the community. Sincerely, Andy
Daniel D. Hi Rassah, I hope all is well – I am writing you on behalf of Arizona Microcredit Initiative, a nonprofit that I cofounded that has 501(c)(3) status. David Bailey said to reach out to you regarding a potential Bitcoin donation. Our program provides a 14 session class and microloans to entrepreneurs in the Phoenix area. After they graduate from the class, we help businesses that have less than $40,000 in annual income, a business with less than 5 employees, and need less $5,000 in capital. You can see more about our class at http://www.azmicrocredit.org/classes/. $1,000 would help us advertise our class and to give capital to more entrepreneurs. If it is of interest to you to contribute towards our cause, please let me know as we would love to have a more formalized discussion. Thank you, enjoy your great week. Best, Daniel -- Daniel Dodell Board of Directors, Arizona Microcredit Initiative |
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Also this my name is Romy and I am from Berlin, Germany. I work for a NGO which helps children from arabian countries to get free tutoring. I really would like to know how to register for bitcoin100.
Our website:http://www.schuelerpaten-berlin.de/index.php
I really really appreciate the help.
Thank you!!
Romy
Hey, Can you tell me what else I have to do and how this actually works? I think maybe there was some confusion. When did you add the Bitcoin donation option? Phinn claims he found out it was as far back as November of last year. On another thread you mention that you added it specifically because of Bitcoin100, but we were never contacted about it previously. So, I guess the questions are, when did you add Bitcoin as a donation option, and why were we notified only recently? |
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Is anyone going to be showing it off at the Miami conference this weekend?
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Both PoS and PoW are useful in different cases, PoW for resource allocation in a network where mining rewards useful work and resource contributions, PoS for allocating dividends and voting with proxy for investment funds and other applications for pooling resources.
Since Ethereum is a computing platform, and not a distributed corp, that would suggest that Ethereum would benefit more from PoW's contribution of useful work and mining resources, as opposed to PoS's earnings, dividents, and voting from speculative holders. Thanks for further clarification. |
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I noticed a small bug; when scanning a qr code for sending with amount=0.0892, the amount sent was exactly 0.089, so it seems amounts gets rounded somehow.
Which app was the QR code created with, Mycelium, or something else? |
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Pretty messed up seeing people discussing Ethereum on here from the point of view of "coin and profit," instead of "platform and possibilities." I guess it's mostly the same newbies that still see Bitcoin as just a coin/commodity to invest in, and not a financial platform to develop on top of. Personally, I would invest 20BTC in things like BitMessage and OpenTransactions, despite their "coins" themselves not having any value, just because the possibilities they offer as platforms are enormous! I will be investing in this as well. Not because of the possible return on the coins (though I suspect that will still be substantial), and not even because of the initially proposed technology (which, as someone pointed out, is similar to some other coins out there), but because of the team involved. Ask any top VC out there. They don't invest in ideas, they invest in people. It's also why Bitcoin will always be top coin, despite other altcoins constantly coming out with little fixes here and there. The quality, and quantity, of people working on it is way superior to any other alternatives.
<rant>
As for PoS, I really hope Ethereum doesn't take that route. PoW "decentralizes" the act of securing the currency from the currency itself. With PoW, I have a choice to either invest in the currency itself by buying it directly, OR invest in securing the currency by using it to buy mining hardware. There is also absolutely nothing to prevent a new miner from entering and competing with others, regardless of how many coins others hold. As a wealthy coin holder, I can't prevent a PoW miner from coming in and continuing to enforce rules on how I can spend my coins. The most I can do is spend some of my coins to buy some hardware and join him.
PoW, on the other hand, incentivises, and in fact directs, the flow of money to one or few people, since you invest in "mining" by holding the coins themselves, and continue to increase your wealth by having those same coins collect even more coins. Threat of 51% in PoW is quickly resolved by having miners switch pools and redistribute themselves. Threat of a 51% in PoS can't be fixed by having mining wealth redistributed. Worst case end-game scenario in PoS is wealthy PoS miners continuing to accumulate wealth until they get a majority of the stake, while allowing users to become more and more dependent on their PoS coins, then the wealthy few pool their resources together, create a single, completely controling PoS stake, and change the coin to do whatever they want, including causing it to inflate. If you think PoS owners will be incentivized not to inflate away their wealth, think again. Central Banks around the world are PoS systems, and they do just that, printing more and more to buy up more and more assets, while letting those they sell their inflating money to pay for the inflation.
</rant>
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From: Patricia D Hello Dmitry and Bitcoin100.org staff, I am one of the founders of a non-profit cat rescue called Kitty Safe Haven No-Kill Shelter. We are in a small town in southwest Missouri and have been rescuing cats and kittens for the last 14 years. In 2009 we incorporated as a 501(c)(3). We have done minimal fundraising so far and do not advertise locally because through word of mouth we are already overloaded with cats. We do plan on eventually expanding as funds become available. The endowment you offer would be a great help to us this year. We recently started accepting bitcoin donations and you will find various bitcoin widgets on the website. http://www.kittysafehaven.org/One donor just before the end of the year (2013) wanted to give us Bitcoin and we added it just for him. After that, one more person chipped in some Bitcoin. We had scarcely heard of Bitcoin before this happened, and now we really like it and plan on talking it up with local businesses and friends. Thanks very much for your consideration, as the vet bills have really been piling up lately! Both of the above look fine, Rassah. I like David and his cats. ~Bruno Kucinskas Donation to kittysafehaven.org sent: https://blockchain.info/tx/4614445f8383c39281f42345a760d0fd3f729a1995de6603beaf4be3e6fa34b6 |
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If you link to it directly, yes, but I can't figure out how to get to it from the main http://www.warchild.ca page... Simply get back in touch with them and kindly ask what's the deal. GEEZZZZZZZZ! What the hell are we paying you for? GULP! Just realized you don't get paid. Let's pretend you did... or take a look at one of your wallets that I'm aware of... You and hubby enjoy thanks to me and Josh. I sent a PM to you with the tx. ~Bruno Kucinskas They said they'll work on fixing up the page, and will have it added to the main donation page in a week or so. Also, Yikes! I feel very very very very bad receiving stuff I didn't specifically work for. I'm also concerned about conflicts of interest. I'm still wondering what kind of super special gift to get Josh for treating us to dinner in Amsterdam, and what to get you for all the help you've give me. |
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You know the drill From: Jacqueline Hi Rassah- We are preparing to announce that we are now accepting Bitcoin donations. Junior Achievement of New York is one of the oldest economic education charities in NYC and Long Island. We are also kicking off a live FB chat series on January 27 with a discussion about Bitcoin and emerging digital currencies. We are seeking members of the Bitcoin community as potential donors to our cause. I saw on your website that you are championing charities that are accepting Bitcoin donations. I was hoping Bitcoin100 could be one of our kick-off donors. Jacqueline Dolly Senior Director, Marketing and Communications Junior Achievement of New York 420 Lexington Avenue, Suite 205 New York, NY 10170 www.jany.organd more furballs are being needy! From: Patricia D Hello Dmitry and Bitcoin100.org staff, I am one of the founders of a non-profit cat rescue called Kitty Safe Haven No-Kill Shelter. We are in a small town in southwest Missouri and have been rescuing cats and kittens for the last 14 years. In 2009 we incorporated as a 501(c)(3). We have done minimal fundraising so far and do not advertise locally because through word of mouth we are already overloaded with cats. We do plan on eventually expanding as funds become available. The endowment you offer would be a great help to us this year. We recently started accepting bitcoin donations and you will find various bitcoin widgets on the website. http://www.kittysafehaven.org/One donor just before the end of the year (2013) wanted to give us Bitcoin and we added it just for him. After that, one more person chipped in some Bitcoin. We had scarcely heard of Bitcoin before this happened, and now we really like it and plan on talking it up with local businesses and friends. Thanks very much for your consideration, as the vet bills have really been piling up lately! |
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If you link to it directly, yes, but I can't figure out how to get to it from the main http://www.warchild.ca page... |
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my name is Romy and I am from Berlin, Germany. I work for a NGO which helps children from arabian countries to get free tutoring. I really would like to know how to register for bitcoin100.
Our website:http://www.schuelerpaten-berlin.de/index.php
I really really appreciate the help.
Thank you!!
Romy
Sorry, looks like this charity has been accepting bitcoin for quite some time, which technically disqualifies them. Bitcoin100's mission is to convince charities to take bitcoin, who never have before, and otherwise might not have. |
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And some more for Phinn to review: From: Andrew Hello Rassah, My name is Andrew, and I am contacting you today on behalf of Circadian Sleep Disorders Network. We are a 501c3, all-volunteer organization. I personally am currently in discussion with the board for us to add Bitcoin as a payment option for donations and membership dues. Our Mission Statement: Circadian Sleep Disorders Network is a nonprofit organization dedicated to improving the lives of people with chronic circadian rhythm disorders. We aim to increase awareness within the medical community and among the general public, to provide emotional support and practical ideas for people living with these disorders, to encourage research into circadian rhythms, and to advocate for accommodations in education and employment for people with circadian rhythm sleep disorders. Website link: http://www.circadiansleepdisorders.org/If Bitcoin100 is able to help us with a donation, it will not only tremendously help our cause, but it will help me to assuage the board's reservations on Bitcoin. Thank you for your time and consideration. If you have any questions or concerns, please let me know. Best Regards, Andrew Wall Member, Board of Directors Circadian Sleep Disorders Network |
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More furballs needing money drew@bitcoinnotbombs.comHi Rassa, A twitter follower of ours sent me a link to the SPCA's BC store front. He has been slowly talking to the bosses about accepting bitcoin and in the shopping cart shopify system they use he was able to at least sell the shops new shirts and take general donations for bitcoin. He noted that his bosses are still not to hot on promoting bitcoin on the site and having a donation widget on the main page. I can appreciate his patience with the upper brass but maybe Bitcoin100 would like to help get the ball rolling. I find this to be a very worth wile charity but maybe they don't fit your criteria. I would understand in that's the case but here is the twitter accounts of the pro bitcoin employee.. https://twitter.com/ChrisBrettAnd the general donation item can be found at http://shop.spca.bc.ca/I don't think the main twitter account has been actively promoting bitcoin but this account is part of Chris Brett's department. https://twitter.com/pawsforacauseThanks again for all you do, if you need help getting looped in with Chris let me know. Best, Drew Checked them out. They seem fine. I'd say go ahead. Phinneas? |
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