...
For me to take on mining it would require several things:
- confidence that mining technology was approaching a theoretical optimal state (that is, optimized ASIC gear.)
- an operating base in a country which I felt was least likely to harass miners (Ecuador seems to be a freedom loving country who does not immediately bow their heads to power.)
How would a country 'harrass miners'? Presumably it would be easy enough to operate your miners via Tor... so I don't really see how they could know you were mining even if they were packet-inspecting for mining traffic. |
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Well I suppose Alex Jones is press of a sort  Max Keiser: Ultimate QE3 Meltdown Alex Jones interviewing Max Keiser 2012-09-17 http://www.youtube.com/watch?v=pXXPVndVvxQ&t=34m56s... Max: I'll say something and I'll mention something.. you're probably not going to like it though.. because it's very very.. kind of.. ah.. sub.. sub surface type stuff but you know I gotta say that I am.. I spent the last weekend attending the Bitcoin 2012 conference here in London. And on the surface it sounds.. doesn't sound good, but when you get into what Bitcoin is really all about Alex, it really is the currency of the resistance. Basically if we are entering into an environment of 360 degrees of surveillance. Of.. us being surveyed .. every click of the mouse, every web page we view, every email totally read. (inaudible) Alex: Walking outside we're being face scanned. Max: Right.. If that's where we're headed, then Bitcoin, which is, the value of Bitcoin is entirely tied to its cryptological content.. it's cryptology as a currency. And therefore it really could be the currency of resistance going forward. On the surface.. it's .. it's hard to get there because you say.. ok it's a digital currency, and we just talked about how bad digital currencies are, and you know it's a computer driven currency and we just talked about how bad that is. But once you get down into the surface a little bit and you drill into what's really going on with bitcoin, you find out there's this thriving global community (inaudible) Alex: I'll say this.. there's a lot of globalist connected groups I won't mention.. that that do not like the word Bitcoin. They ban it on these government front sites out there that we know are government... Max: Ok.. well.. I mean that's a good sign right.. because the globalists hate Bitcoin because it's completely.. cryptologically.. it's it's.. no cost transactions.. you can move money around at zero cost... ah it's.. the currency itself has a quote like any other currency..so it's like 11 dollars and 80 cents per Bitcoin.. but that's not the main thing, the main thing is you can zip in and out of Bitcoin for almost zero cost... Alex: Well listen we're gonna have to get you back on.. soon to talk about that.. but ah.. (changes the subject) ... Discussion here: https://bitcointalk.org/index.php?topic=110298.0 |
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Bitcoins–Currency of the Future? Timothy J Chan 2012-09-17 http://justanothermobilemonday.com/Wordpress/2012/09/17/bitcoinscurrency-of-the-future/Have you ever heard of Bitcoins? ... Bitcoins Are a Supplemental System, Not a Replacement You can’t stop the economy. Governments hate what they cannot control. Free speech and free market are wonderful things to be protected. Because of the Bitcoin project, there will always be ways to do business – even on a global level. There are risks involved with using Bitcoins. In some cases, Bitcoins are, in my opinion, less of a risk than holding currency of an upcoming defaulting nation. Bitcoins have the potential to replace national currencies. However, I see Bitcoin as more of a supplemental alternative currency. ... |
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IS BITCOIN THE FUTURE OF MONEY, OR JUST THE FUTURE OF BUYING INTERNET DRUGS? Jake Hanrahan 2012-09-17 http://www.vice.com/en_uk/read/printable-guns-grey-matters-and-masked-hackers?utm_source=vicetwitter...we went to the currency's official 2012 Conference in London this weekend to see if Bitcoin has a future beyond letting strange people buy illegal weapons and large quantities of drugs on the internet. ... The notion that Bitcoin could help Third World countries is strong, and I guess the idea of Bitcoins being used en masse to level the playing field a bit gives enthusiasts something solid to hold on to, but I’m still not a convert. ... Perhaps I’m just not getting it, but what bugs me the most is that a lot of people who collect Bitcoins sell them on for real paper money – they totally undermine the hard work the diehard Bitcoiners have put into the digital currency. This may come back to bite me, but I can’t see the theories of what Bitcoin could achieve translating well into practice. Gavin Andresen, a developer of Bitcoin, was even quoted telling people “not to make heavy investments in Bitcoins”. This doesn’t mean it can’t become an integral part of buying online, but PayPal is an integral part of buying online and that isn't gonna bring down the New World Order any time soon. I guess if they can at least harm the greedy bastards in some way, while helping us proles gain a bit more control over our lives, then every Bitcoin spent is worth it. Well... judging by this and what little I've seen leak out about the conference, it sounds like it was rather skewed to the libertarian/anarchist/'stick it to the man' crowd... not at all sounding like the more practical, business and finance oriented convention I was expecting from London. |
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A comprehensive report (not specifically on Bitcoin) From the P2P foundation. This was tweeted by Michel Bauwens of the P2P Foundation as "will be released in the next few days" I assume he intended this to be public info (or semipublic) or he wouldn't have tweeted it - but perhaps the URL or contents will change before final release, so it's probably best not to link the URL below too much. I'll update this post as necessary. Synthetic Overview of the Collaborative Economy P2P Foundation April 2012 http://p2p.coop/files/reports/collaborative-economy-2012.pdf... More significant still is the emergence of the Bitcoin ecology. Bitcoin is important because it is the first global, digital, peer to peer and ‘socially sovereign’ currency. It has emerged with the backing and accepting of the global hacker community, where it is already used for real economic transactions. For example, the P2P Foundation cooperative pays its members in Bitcoin currency ... |
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According to alexa, tovima.gr is ranked 33 in Greece. Ποιος φοβάται το ψηφιακό χρήμα; Αν έχετε μάθει να σκέφτεστε μόνο σε ευρώ και δολάρια, ήρθε η ώρα να αναθεωρήσετε: το ψηφιακό νόμισμα Bitcoin κάνει θραύση στο Διαδίκτυο google translation: (Who's afraid of digital money? If you have learned to think only in euros and dollars, it's time to reconsider: the digital currency Bitcoin does break the Internet ) 2012-09-16 http://www.tovima.gr/science/article/?aid=475008 |
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I want to believe a an economy can be run on a fixed amount of money, but I'm having trouble getting past this.
I find it a little strange that this subject comes up as a point against Bitcoin, as it is surely only an issue in the rather unlikely scenario that an *entire economy* is running on Bitcoin. Surely most people see Bitcoin as something that will somehow slot in amongst other currencies rather than something that will take over the world? Anyway - my take is that even if an entire economy were running on bitcoin, the divisibility could *in effect* allow expansion and contraction of money supply as necessary, simply through price adjustments. The counter to this argument is that prices, and particularly wages can be 'sticky'. (The unions will need to do a bit of rethinking - and base their negotiations on some metric of maintaining spending-power per week for example. Well I guess they already do, but they'll have to be transparent and rigorous in their calculations to overcome people's psychological distaste for a 'smaller' paypacket) In a computerised age where recalculating & repricing is relatively trivial, (along with adjustments to people's expectations of 'my wage must go up' etc) - it should surely be the case that such a highly divisible system would be the fairest way of keeping the effective money-supply in sync with economic activity, all through the mechanisms of supply & demand without intervention required. |
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Could Digital Currency Bitcoin Set Online Poker Free? Arthur Crowson 2012-09-14 http://www.pokerlistings.com/could-digital-currency-bitcoin-set-online-poker-free-20300... Bitcoin represents a potential paradigm shift in the online poker world as it could easily bypass the number one issue that has plagued online poker from day one: payment processors. ... At this point, however, the Bitcoin train is gaining momentum fast. ... So is Bitcoin the future of online poker? Maybe, maybe not. But it does give us a preview of what the online poker world might look like without borders and boundaries. |
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I didn't think the item would get the attention it deserved without a different title and being in the main discussion section. Probably I shouldn't have posted 2... but it often seems we get duplicate subjects across discussion/press anyway (sometimes dupes even within Press) As far as I know - I can't move a thread (?). |
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Just a single mention regarding Bitcoin donations, (and capitalised strangely) - but it's nice to see positive little mainstream mentions like this. Latest Curiosity Landing Video Amazes in HD Damon Poeter 2012-09-13 http://www.pcmag.com/article2/0,2817,2409708,00.asp... "Working frame-by-frame, it took me four weeks to produce this video. It was a painstaking labor of love," he writes on YouTube, where he's included links to PayPal and BitCoin donation pages where viewers can tip him for his efforts. ... |
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The dangerous websites google keeps hidden It has different names – the Dark Net, the Deep Web – but they mean the same thing: the websites no mainstream search engine will let you see. Author Cole Stryker gives a tour of this underworld of purported killers and drug dealers. Cole Stryker author of 'Hacking the Future' 2012-09-12 http://www.thedailybeast.com/videos/2012/09/12/cole-stryker-on-the-dark-net.html (video) ... here we've got.. Bitcoin marketplace, which is an anonymous currency that's used to trade in illicit goods. ... |
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Yeah.. I'd have expected him to say something more negative, as I viewed Bitcoin as more of a direct competitor to the ideas behind Square - but I admit I don't fully understand what Square is aiming at.
It was just surprising to me that he was at worst neutral, perhaps even slightly welcoming towards Bitcoin.
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http://www.thedigitalbus.com/jack-dorsey-speaks-at-university-of-michigan/What do you think the role of currency innovation will play in the future of Square. BitCoin?
A. Bitcoin is an amazing movement. that needs to stabilize, and Square will accept any currency that comes over the counter. If it becomes huge and accepted in the world, Square will accept it. We don’t just focus on currency.
Well it's not really saying all that much to say they'll accept it "If it becomes huge and accepted"... but it's definitely not outright hostility. Perhaps he's viewing Bitcoin more as 'just another currency' than a payment mechanism. Also reported in Press thread: https://bitcointalk.org/index.php?topic=109373.0
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