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1341  Economy / Games and rounds / Re: Proposal for the Bitcoin Snowball 2.0 on: March 24, 2012, 01:24:18 PM
Well I'm a bit concerned for the snowball's safety once it's over about 100 BTC...
Is there at least a rule that the recipients should have a decent number of forum posts?

Also.. I take it this isn't the actual Snowball 2.0 thread?

1342  Bitcoin / Mining / Re: LargeCoin Pricing Announced; Taking Pre-Orders on: March 24, 2012, 08:17:44 AM
I'm curious as to roughly what conditions would have to hold to break even in any reasonable timeframe. (even at the $15K price)

Looking at the pace of development of FPGAs, and with this ASIC based solution and possibly others in the wings, surely difficulty is set to crank right up in a few months - even if the price holds around current levels.

Taking an approximate cost of 3000BTC.. (likely a fair bit more depending on your tax/shipping issues)   it seems to me you'd be very lucky to earn 1500BTC between receipt of the machine in July and the reward halving.
By that time, with more FPGA farms humming away and continual sales of these ASIC devices at presumably similar if not lower costs, I'd guess you'd be extremely lucky to get the other 1500BTC of your initial investment over the entirety of 2013.

Is that what initial purchasers are going for?  Lock up all that money for the chance that at the beginning of 2014 they may have a now long-in-the-tooth piece of hardware to start earning profit with?

Am I way off? What's the possible win here?   What events would cause this purchase to be more obviously worthwhile?
1343  Bitcoin / Bitcoin Discussion / Re: TPPTB - The Payment Processor That Be on: March 24, 2012, 08:00:08 AM
I agree... but it does need to grow a lot more whilst still in the unthreatening 'larval' stage.
I think this is why Satoshi seemed perturbed by a high profile outfit like Wikileaks using Bitcoin so early on.
1344  Bitcoin / Bitcoin Discussion / Re: Response from Linode regarding the theft case on: March 24, 2012, 07:53:54 AM
They should be sued *if* they didn't (or won't) cooperate in properly reporting this as a theft (whether or not the stolen data is considered 'money' by the law) and providing all relevant information to a law enforcement agency.
1345  Bitcoin / Bitcoin Discussion / Re: How to make merchants aware of Bitcoins advantages? on: March 23, 2012, 02:42:00 PM
Quote from: Julz
Ok.. introducing bitcoins to more merchants sounds good..   now perhaps you could introduce the coupon clipping part to any bitcoiners who might be as bewildered as I am.

Why do coupons need to be 'clipped' and why is it so difficult that there are services to do it?  (scissors??)
Is a 'coupon clipping service' a peculiarly US thing?

In the US coupons come in the mail and inside newspapers, are sometimes region specific. The only way to get these coupons is via others who collect them and resell them. For instance, search for "coupon source mailer" on Ebay. Some services offer bulk purchase options, like 10, 20,40, or 60 at a clip. Coupons help people save money when shopping for items. Extreme Coupon shoppers can save $300-$400 per trip, sometimes walking out having paid nothing for their order. People who are raising children and are looking to save money for their family use coupon clipping as a way to help out, especially when you can save 40%-50% on the food bill with little effort.

This type of retail business is the perfect fit for Bitcoins. It will put Bitcoin information into key consumers who can help improve Bitcoin value. This group of people is already active in doing something and are already more knowledgable. The Bitcoin community can tap into this to help grow the value of BTC.

Thanks for the explanation.
It seems a bit strange to me that this phenomenon exists and is worthwhile.. but I guess if multiple coupons could be used in one shop for a single checkout it could make sense.

I would have thought that the slice of the population who muck about with coupons are probably 'underbanked'.. and relatively more reliant on cash.
While that in some ways makes them prime candidates for Bitcoin usage, it also suggests to me that the currently required steps of transferring money via banks and intermediaries to exchanges such as mtgox might be a significant impediment.  (but perhaps I'm just being ignorant/presumptuous about who uses these services)


1346  Bitcoin / Bitcoin Discussion / Re: How to make merchants aware of Bitcoins advantages? on: March 23, 2012, 01:13:55 PM
Ok.. introducing bitcoins to more merchants sounds good..   now perhaps you could introduce the coupon clipping part to any bitcoiners who might be as bewildered as I am.

Why do coupons need to be 'clipped' and why is it so difficult that there are services to do it?  (scissors??)
Is a 'coupon clipping service' a peculiarly US thing?


1347  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: March 23, 2012, 12:38:20 AM
Quote
Bitcoin May Find a Fulfilling Market in Africa

Kit Dotson
2012-03-22

http://siliconangle.com/blog/2012/03/22/bitcoin-may-find-a-fulfilling-market-in-africa/
1348  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: March 23, 2012, 12:27:33 AM
Quote
Should Africa Adopt a Shared Currency? And Should It Be Bitcoin?

Megan Garber
2012-03-22

http://www.theatlantic.com/technology/archive/2012/03/should-africa-adopt-a-shared-currency-and-should-it-be-bitcoin/254881/
1349  Economy / Games and rounds / Re: The Bitcoin Snowball on: March 22, 2012, 06:10:40 AM
1G85cQXETuGeMGvniv5SuMACegCR6L51A5

Send 1.00005000 BTC ^^

Haha.. that's the end of that snowball!

Congrats for donating to Group B Strep International  Smiley

(The address I posted was for the bitcoin faucet)
1350  Bitcoin / Legal / Re: Businesses' plans in the event of a raid. on: March 22, 2012, 01:02:41 AM
While the long arm of the US Government of Occupation has remarkable police powers around the planet... I wonder if they could really invade Japan just for the purposes for raiding Mt. Gox?

You mean like they brutally invaded New Zealand in order to have Kim Dotcom raided?
Oh wait.. they just made some phone calls. 

Yeah.. the long appendages of the US do indeed seem to be able to screw around remotely.. no boots on the ground required.

 

1351  Economy / Games and rounds / Re: The Bitcoin Snowball on: March 22, 2012, 12:37:09 AM
15ArtCgi3wmpQAAfYx4riaFmo4prJA4VsK   Wink

edit: Lol.. I see RaggedMonk beat me to this idea
1352  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: March 21, 2012, 11:35:23 PM
Another mention in a Slashdot summary.
Quote
Surviving the Cashless Cataclysm

2012-03-21

http://news.slashdot.org/story/12/03/21/2148243/surviving-the-cashless-cataclysm


MrSeb writes
"There's been a lot of noise about Sweden becoming a cashless economy, and the potential repercussions that it might cause, most notably the (apparent) annihilation of privacy. Really, though, I think this is a load of hot air. Physical money might be on the way out, but that doesn't mean the end of anonymous, untraceable cash — it'll just become digital. If Bitcoin has taught us anything, it's possible to create an irreversible, cryptographic currency — but so far it has failed because it doesn't have sovereign backing. What if the US or UK (or any other country for that matter) issued digital cash? We would suddenly have an anonymous currency that can be kept on credit chips (or smartphones) and traded, just like paper money. No longer would handling money require expensive cash registers, safes, and secure collections; your smartphone could be your point of sale. It won't be easy to get governments to pass digital cash into law, though, not with big banks and megacorps lobbying for centralized, electronic, traceable currency. Here's hoping Sweden makes the right choice when the referendum to retire physical money finally rolls around."
1353  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: March 21, 2012, 05:45:41 AM
Quote
Bitcoin Seeks New Life In Africa
A digital currency without a central bank could be ideal for economies where the mobile phone is king but the banking systems are weak.

Tom Simonite
2012-03-21

http://www.technologyreview.com/business/39829/?p1=BI

...
But Omwansa says that although he is familiar with Bitcoin, most in Africa are not. "Hardly anyone I know has heard about it," he says.
1354  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: March 21, 2012, 03:16:56 AM
Glenn McMahon - an independent UK journalist interviews Peter Sunde at the London Web Summit

Quote
Pirate Bay founder warns of cashless consequences

Glenn McMahon
2012-03-21

http://glennmcmahon470.wordpress.com/2012/03/21/pirate-bay-founder-warns-of-cashless-consequences/


Alternative payment systems such as Bitcoin – where virtual cash stored on a personal device can be sent directly to recipients without being easily monitored – could help solve the problem was it not for the mountain of expensive legislation between those wanting to enter the banking sector and operating legally, Sunde said.
1355  Bitcoin / Bitcoin Discussion / Re: BIP: ?? Gradual Changing Block Rewards on: March 20, 2012, 11:15:49 PM
... and miss out on all the 4 yearly Block parties??    Cry    https://bitcointalk.org/index.php?topic=68316.0

I suspect these 4 year Bitcoin "eras" were probably put in deliberately for their psychological effect.. presumably not just for ease of software implementation, but to assist people in understanding and reasoning about the system and their potential involvement in mining.  The discrete jumps are easier to explain to newcomers. (no need to look up current reward)

.. or maybe Satoshi just had the end-of-era Block parties in mind Smiley
1356  Economy / Economics / Re: SWIFT ready to block Iranian bank transactions on: March 20, 2012, 02:36:53 PM
The simplest method to boost Bitcoin in Iran - is to convince some loudmouth US senator that Iranians are already using Bitcoin to circumvent the blockade.
Senator jumps up and down and screams about how bad that is...  Iranians take note and flock to it.
1357  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: March 20, 2012, 01:18:37 PM
Just a brief mention in this article - quoted paragraph is the only mention of Bitcoin.

Quote
Nickeled and Dimed
Would the United States save money by switching to a cashless economy?

Jeremy Stahl
2012-03-19

http://www.slate.com/articles/business/cashless_society/2012/03/cashless_society_how_much_would_the_united_states_save_by_ditching_paper_money_.html


Of course, not everybody who wants to buy products anonymously is a tax cheat or a pirate. Any digital currency alternative will have to balance the government’s desire to enforce its laws with the citizen’s desire for privacy. Cashless boosters acknowledge this fact, while insisting there are anonymous technological solutions available even if none have gone mainstream. Free University of Brussels economics professor Leo Van Hove, who has been studying electronic currency for more than a decade, points to the rarely used Belgian stored-value Proton card, the defunct, digitally encrypted Dutch payment scheme Digicash, and Digicash’s successor electronic currency Bitcoin. These models all have flaws—Bitcoin lacks the stability and ubiquity of the dollar and the small merchants who were targeted to use Proton didn’t like the electronic trail it left for tax officials. But they’re at least a proof of concept that secure, anonymous (for consumers) digital currency systems are technology feasible.
1358  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: March 20, 2012, 12:01:32 PM
Quote
1359  Economy / Services / Re: Introducing the Bitcoin 100: A Kickstarter for Charities on: March 20, 2012, 01:31:55 AM
Great work! Sent groupbstrepinternational 1 bitcoin.

I must say though.. the progress is glacial. (No thanks to me.. I haven't hassled anyone to accept in a while)


Not long ago - nten.org made a little video about bitcoin, and although it seems like a bit of a 'dig' at bitcoin - It's actually really good that they're aware of it, and the intention really was a mixture of humour and expression of curiosity - not hostility.
See https://bitcointalk.org/index.php?topic=58556.0

nten.org is the Nonprofit Technology Network.   It's their job to help nonprofits use technology.

This is the perfect organisation to help charities and other nonprofits understand the value that Bitcoin brings to them.
We really should be reaching out to NTEN so that they in turn can educate their members and help them get set up.

1360  Economy / Speculation / Re: Don't Get Zhou Tonged!!! [Youtube - Song] on: March 19, 2012, 11:38:11 AM
loool, you rock dude, i can't stop laughing after seeing it a few times  Cheesy

If you laugh at a video like that, or watch a video like that several times, I highly recommend you visit a qualified psychologist.

Right Nyaaan... because it's so much more sensible to listen to (and name yourself after) the Nyaaan Cat song where you can get all your repetition without having to twitch a finger!

Let me guess.. your psychologist recommended the 100hour mix for you?
http://www.youtube.com/watch?v=AA5DsLzSVrk
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