The inital premise seems off to me. Typically schools are paid for by land tax. If you rent, you don't pay land tax directly, you would pay a landlord. The landlord would pay the land tax, but I know in my case I don't even pay that directly. I pay my mortgage company 1/12th of the cost every month, and they put it in escrow. Then once a year they pay the property tax. Those coins used to pay that will probably have very little taint with what the renter paid. So, pretty quickly this becomes too cumbersome to use in the intended way.
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What do you define as disposable money. I don't think of savings as disposable. Disposable is what I have to spend on whatever I want beyond my bills gas and groceries. If that's what you mean, right now it's about 50-50.
If you're including savings, I've put away a bit in fiat recently, so while that was 50-50 earlier in the year, it's more like 67-33 in favor of fiat now. Then there's other things like pension plans which tip it more to fiat.
I do feel having at least 5% (1/20) of your retirement savings in Bitcoin is a good idea. The downside is very little, while the upside potential such that it could eclipse all of your other investments by the time you retire.
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Specially liked the "Used as money". Even the folks that don't think bitcoins are money can agree to that.
Nah, they'd equivocate and say it's used as currency.
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For localbitcoins, I have no fees above gox and I'll help people set up their wallet and show them good sites like BitMit and whatnot. Also, I'm a bitcoin consumer as well. There are deals in bitcoin that come up that you can't get elsewhere.
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I would also go with p2pool. I am on it now and I will be stay there when my asic arrives.
I meant to say, do not use p2pool if you're on BFL FPGAs. You'll end up with 50% rejects, effectively halving your hashrate. Josh said the ASICs won't have this issue.
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Hey everybody! I'm going to be mining at around 1275000 MH/s. Will eventually be going higher. I'm wondering what the best pool is for this speed. What would generate the most profit? What would be fastest? I'm currently looking at Triplemining and 50BTC, anybody know which is best? Thanks!
Are you going to be mining this today, or when you get some ASICs? If today, then I would suggest Ozcoin.net because they have dropped their fees recently, and they have stratum, pay based on fees, and have NMC. My only reservation in this is I signed up on Monday and there was a problem with my account after the sign up where some records didn't get copied correctly, and I sent in over 20k shares but they just got lost. That issue was resolved, so with the new lower pool fees, ozcoin is the best choice right now, IMO. If you are talking about then you get your ASICs, I would go with P2pool. You get the transaction fees and there no pool fee, just a donation, and the technology is pretty awesome (no central pool, it's all peer to peer).
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I don't really see how this works to stabilize the value of bitcoins, and Oz is right in that this would expose the company to bitcoin trade risk.
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I'll pass. The last thing I want is my picture posted on this forum.
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I mentally filter out all the signatures. I still can't see it.
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What would be the point of this. When you get the blockchain through the QT client, you are getting it in a fashion similar to how bittorrent distributes files. The time delay for synchronization is because the QT client takes a long time to verify the whole blockchain.
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Dr. Weird: Gentlemen! I have genetically spliced the double-helix of a fried pork chop with that of my roommate, Randall! Steve: Whoa! Dr. Weird: Hell yes, whoa! Come here, Randall, and pay your half of the utilities! Mwhahaha
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Higher real oil prices create a resistance on itself because at a certain point (presently around 140 a barrel) they cause a severe dampening effect on the economy, which then lowers demand for oil. Because of this, without inflation increasing the nominal price of oil, I'm doubtful that oil could outpace bitcoin.
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In particular, bitcoin cannot be relied upon as the sole representative of crypto alone due to one potentially catastrophic design fault: satoshi chose the wrong hashing algorithm- SHA, when with hindsight it should have been something like scrypt right from the beginning.
This opens it up to a serious attack vector due to future technological advances. For example, if BFL or one of the other guys does indeed make a working ASIC then this opens up the 51% attack. Now I don't care about your usual poor 'it wouldn't be in their interests to 51% btc blah blah blah'. The weakness exists. Period.
Scrypt is a bad choice for protecting against 51% attacks. A fairly small botnet could easily have the hashing power required to perform 51% attacks on the litecoin chain. This doesn't requires breaking into companies' places of business or future technology, it just requires something like this to be pointed at it, and litecoin will be blown out of the water. But none of this really has anything to do with value. The value needs to come from the ability to trade with it. I think the biggest thing that could lead to adpotion of litecoin would be a major bitcoin pay solution (e.g. BitPay) include an alternate address for namecoins where you could pay to that and the pay solution does the translation on the market. This would open up litecoin to a lot of vendors and make it worth having.
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I got the code and it works. Just so that people know what it is, this is basically a $95.88 gift card. This equals to a year of free streaming. In my case, I order 2 DVDs which is 11.99/month, so the code makes that free for about 3/4 of a year. I called Netflix and they confirmed all of this. As far as working outside the US, if Netflix works for you outside the US, then this will work. However, I thought that people had to use VPN for this.
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I would like a code as well, once in stock. Edit: I noticed that jomplox has the same offer, so I'll try from him.
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They would have to allow for shipping address changes. What if people moved?
I have a counter offer. You can have your unit shipped to me, and I will set it up with my other miners. I'll keep 10% of the coins mined, and you keep 90%. I'll send them regulatily while you're wherever you are at. Once you're back, I'll ship it to you overnight.
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Another problem with the stat is that it's unknown how many bitcoins are just lost from the early years when they weren't worth tracking.
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