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141  Bitcoin / Bitcoin Discussion / [SPLIT]Re: Bitcoin press hits, notable sources on: May 16, 2011, 11:34:11 PM
There is every reason to kill them. They are all useless and unnecessarily consuming resources of this planet

And people wonder why readers of this forum often dismiss BitCoin entirely.
142  Bitcoin / Bitcoin Discussion / Re: Warning: Bitcoin4Cash fraud! Won't ever do business with Madhatter again. on: May 16, 2011, 11:32:38 PM
It sounds as if Madhatter was presented with a difficult choice---go broke honoring his word, or destroy his hard-earned reputation here---and decided on the latter.
Those are not the only two options. There's also the possibility to "fess up" to the community that he promised what he couldn't deliver, be transparent about the situation, and work with the community to resolve the problem as far as is possible.

Madhatter had an outstanding reputation here, and he needs to come clean with the community to have any chance of rebuilding his reputation.
I agree--a lot of this commentary is premature until Madhatter has a chance to respond.  My intent in posting was not to hand out judge, jury, and executioner roles to the forums; but rather to underscore that this is a serious issue that needs to be addressed properly in order for faith in Bitcoin4cash to be restored.  I have a lot of empathy for people who have accidentally gotten themselves into tough situations, but that empathy can only be attained by the practice of complete transparency in the matter.
143  Bitcoin / Bitcoin Discussion / Re: Slashdotted (again) on: May 16, 2011, 08:48:37 PM
The problem is the way bitcoin is presented. You guys all like it because you are libertarian types. But keep in mind that the vast majority of people in the world aren't. But bitcoin doesn't just appeal to libertarian types. All you need to say to promote it is:
Bitcoin is a free paypal that anyone can use.

Please leave the libertarian, going to replace all other currencies, take over the world stuff out of it. That just turns people off.
The only important thing for people to know is that it is better than what people use now for online payments.
+10
It seems that very few people talking up BitCoin on other sites have a good grasp of the way this sort of thing actually looks to the majority of people.  If you restrict your pitch to your own philosophical interest in BitCoin, you will at best appeal to that narrow subset of people who already agree with you.  If you leave out your own philosophical agenda and just talk about BitCoin as BitCoin--a protocol, not a philosophy--you will hook every geek out there.

My number one concern for the future of BitCoin is that it be restricted to those of a very particular philosophical bent which represent only a couple percent of the general geek population (and not me).  Even though I'm essentially a kopimist, I never would have tried to sell BitTorrent as the birth of the kopimist utopia.  I would have just talked plain tech, because that's how BitTorrent succeeded:  everywhere.  This community needs to stop vomiting their own dogfood over everyone and allow BitCoin to start diversifying.
144  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 16, 2011, 05:30:13 AM
All bets are off now that bitcoin is on BoingBoing and they are quoting Calacanis' very bullish newsletter

Quote
Bitcoin is a P2P currency that could topple governments, destabilize economies and create uncontrollable global bazaars for contraband. (...) After month of research and discovery, we've learned the following:
1. Bitcoin is a technologically sound project.
2. Bitcoin is unstoppable without end-user prosecution.
3. Bitcoin is the most dangerous open-source project ever created.
4. Bitcoin may be the most dangerous technological project since the internet itself.
5. Bitcoin is a political statement by technotarians (technological libertarians).*
6. Bitcoins will change the world unless governments ban them with harsh penalties.


from http://www.boingboing.net/2011/05/15/bitcoin-a-new-peer-t.html
145  Bitcoin / Bitcoin Discussion / Re: 135 BTC Stolen from my Deepbit account!!!!!!!! on: May 15, 2011, 09:48:41 AM
You "trust" your employees? Hah.
Yeah, forming real human relationships and then relying on them is for suckers.  Next thing you know he'll be claiming to have "friends" or some other kind of nonsense too.  Wink

Major kudos to [Tycho] for his response to this incident.  Real trustworthiness is proven in a person's response to unplanned-for circumstances.
146  Bitcoin / Bitcoin Discussion / Re: Quick question about price speculation... on: May 15, 2011, 09:30:19 AM
They're just there in the air.
147  Bitcoin / Bitcoin Discussion / Re: What to call 0.001 BTC? (5 BTC Bounty) on: May 15, 2011, 07:44:21 AM
I kind of like the idea of "mick" with no 's' as in:

"Hey, can you loan me 50 mick?"
"Apples are on for mick and half at the grocer."
"Hey, you still owe me a mick for the last time you bet me BitCoin wouldn't double again."

'Mick' being of course short for "millicoin" which in formal settings is much less of a mouthful than "millibitcoin".  It would have an easy and natural abbreviation (mC) and would also provide a standard format for future extension ("nick" for nanocoin "pick" for picocoin etc.).  Plus, it's fun to use!  200 mick says this option is the one that gets chosen.

148  Bitcoin / Bitcoin Discussion / Re: Warning: Bitcoin4Cash fraud! Won't ever do business with Madhatter again. on: May 14, 2011, 12:03:23 PM
I have sent him an email letting him know about this thread and inviting him to respond here.  Regarding his risk model, I am also confused.  I repeatedly asked him to tell me anything about the types of risk his selling practices expose him to so that I could help him to mitigate them, but he declined to even discuss the topic.  My entire email exchange with him is, of course, pgp signed by his key.  But I won't post further here until he's had a chance to reply.
149  Bitcoin / Bitcoin Discussion / Re: Warning: Bitcoin4Cash fraud! Won't ever do business with Madhatter again. on: May 14, 2011, 11:56:18 AM
<snip>unwarranted speculation removed.  original post still visible in quote here</snip>

The Madhatter has similarly dishonoured two locked in trades of mine, with mailed payments unaccounted for (net loss to me in excess of 2000 USD all told).  At this time I would advise people not to send money to the Bitcoin4Cash service, at the very least until the situation can be thoroughly clarified.
150  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 14, 2011, 08:14:59 AM
Trigger zone entered with drop below 8.2 USD.  Some of those btc sitting around 10USD are coming off the market--possibly to sell.
151  Bitcoin / Mining / Re: VGA Dummy for my new cards on: May 14, 2011, 04:50:58 AM
Yes, I use dummies with a single resistor and they work fine.
152  Bitcoin / Project Development / Re: Big Bounty: 1,000 BTC (One Thousand BTC) Shared Among A Small Group Of Writers. on: May 13, 2011, 08:02:25 PM
Fucking scammers.
Reggie's mouse pointer moved directly to the delete button in a well-practiced motion, then paused.  Being a moderator was heavy with the weight of not crucifying users just because you'd sold all your bitcoins 1/6th of the way up its recent meteoric rise.

He rescanned the lengthy and inscrutable post--there was no overt scam here.  So what was it?  Something about the pacing didn't sit right with him.  Instinctively, he began checking the first letters of each sentence, then the last ones.  He dumped the text into a custom program sitting open on his desktop and flipped through every letter interval from 3 to 30.  Nothing!  But the frequency counts showed he was on to something.
Nobody uses that many w's.

He switched to a terminal and his fingers began spewing Python like molten lava.  For 20 minutes he coded feverishly, dead to the world.  Then suddenly--that was it.  He stared purposefully at the vestal missive laid bare on his monitor, the words sinking slowly into his pulsing cerebellum.  He didn't think he'd be going into work tomorrow.
153  Bitcoin / Bitcoin Discussion / Re: Are Bitcoiners Primarily Male or Female??? on: May 13, 2011, 10:44:46 AM
Your poll excludes people who are intersex.
154  Bitcoin / Bitcoin Discussion / Re: Switching to mBTC by default? on: May 13, 2011, 08:47:33 AM
The market will take care of this when the issue arises!
"The market" isn't someone else.  It's us.  The issue is naturally arising, and we can all come up with different ideas for what to do.  Hopefully the best ones will rise to the top, and enough people can realise that and make the transition in their vocabulary, so that everyone else isn't confused to bits.  No pun intended.
155  Bitcoin / Mining / Re: if deepbit.net gets anymore hashing speed it could compromise the system on: May 12, 2011, 07:44:13 PM
What I don't think you understand, bill86, is that working on blocks is more like playing the lottery than building a tower.  You don't ever get any closer or further away to solving a block--you just play more or less lottery tickets that give you a chance of solving the block.  With really fast hardware, you can play lots of lottery tickets really fast and decrease the average time of finding a block.  But when you actually find the block is random, so starting and stopping doesn't set you back.  You can play the lottery tickets any time without what you have or haven't done so far affecting your chances of winning.  Make sense?
156  Bitcoin / Bitcoin Discussion / Re: [POLL] Should we drop the 's' from "bitcoins"? on: May 12, 2011, 07:39:24 AM
Don't forget the dram, the manat, the taka, the pula, the kuna, the nakfa, the birr, the lari, the tenge, the kip.......
157  Bitcoin / Bitcoin Discussion / Re: [POLL] Should we drop the 's' from "bitcoins"? on: May 12, 2011, 06:00:20 AM
lol, the point is to ask why "sheep" is the plural for "sheep"--and why the plural/singular distinction is omitted in almost all herd animals.  It's an insight in the psychology of plural and singular words.
158  Bitcoin / Bitcoin Discussion / Re: [POLL] Should we drop the 's' from "bitcoins"? on: May 12, 2011, 03:24:31 AM
Dropping the 's' makes about as much sense to me as saying "That cost me 40 dollar".

"40-dollar shoes" on the other hand would be correct usage, and as such I'd say "40-bitcoin widgets" for widgets that cost 40 bitcoins.
Yes, but dollars are a natural unit because that's how physical bills are denominated, so using the plural to denote multiple of these countable units makes sense.  Compare with the situation when the granularity is much smaller:

"I'll buy it for 50 grand"

Why don't we say "50 grands"?  It's at least partially because it's just as easy to have 50.123 grands as to have 50, making it a much less discrete unit that we don't think of in "chunks".  Bitcoins have more granularity than this--they're practically like sand or water.  In most languages, things with that much granularity are no longer referred to in plurals since these tend to denote discrete counting units.  Thus, herd animals are:

"500 head" (cattle)
"300 sheep"
"6000 wildebeest"
"200 gazelle"
"150 deer"
etc.

whereas animals like canines that form at most small packs are just "dogs" or "wolves".  Whenever an item tends to cross the point of being easily able to count the number of discrete units, we drop the 's'.  50 bitcoins implies psychologically that there are actually 50 discrete things which are somehow separate from each other and which I could count by going "one, two, three..." whereas 50 bitcoin tells me the number has no such connotation and works more like "50 percent" with no chunks being added up.
159  Bitcoin / Bitcoin Discussion / Re: [POLL] Should we drop the 's' from "bitcoins"? on: May 11, 2011, 07:37:44 PM
Is this like dropping the from "The Facebook"?  Grin
Exactly.  It's cleaner.
160  Bitcoin / Bitcoin Discussion / [POLL] Should we drop the 's' from "bitcoins"? on: May 11, 2011, 06:49:34 PM
Bitcoins, unlike actual coins, are not really in discrete counting units.  So should we drop the 's'?  Usage would be:

"We use coin."
"How much bitcoin have you got?"
"I'm low on bitcoin."
"How much is that?  50 bitcoin."  "No, not your corporation, the apples you're selling!  Oh, 25 satoshi."


This could also allow for a nice segmentation of "bitcoin" for btc, "Bitcoin" for the official client, and "BitCoin" for the technology.  Feedback?
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