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In American courts a jury decides what is right and wrong. Right and wrong is based on personal experience. So, FatherMcGruder is right, in my opinion.
MtGox's opinion pretty much represents the opinion of the people on the forums of bitcoin.org.
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I think mtgox did the right thing. It's not his job/duty to do so but he went out of his way to fix things. Swiss banks used to not care too, but now they are holding Egyptian funds.
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Visa has a market cap of 63 Billion.
EBay/Paypal has a market cap of 44 Billion.
Citigroup has a market cap of 142 Billion.
ETC...
So these industries could fall and all of their wealth would be redistributed. As a whole we would be wealthier.
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Did I ever tell you that you are my hero?
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Just to clarify, my pledge is 100 BTC for the second person to do it on a different day, before the end of this month.
However, if the two people both do it on the same day (which they might find easier), I'll send them each 25 BTC.
I have updated the appropriate posts with your details. |
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Clive got back to me...here is what he said...
Hi [Jimbobway]!
Yes, I read it, and my apologies for not getting back to you more quickly.
I'm a big fan of alternative currency systems, and bitcoin looks excellent! I don't have any immediate plans to write on alternative digital currencies right now, but it's a subject I'd love to write about at *some* point. I'll keep your email on file for when I get a chance to do so!
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Is it lawful to be in your underwear?
If it is not, then just carry an extra shirt and shorts. |
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Once complete I will nag whoever owes a bounty to pay up. :-)
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if that grows any steeper then the value of bitcoin will loop back on itself.
The chart is deceptive. It really should be using a logarithmic vertical scale. If you invest $100 by buying bitcoins, a rise from $0.07 to $0.14 is just as profitable for you as a rise from $0.70 to $1.40, but it doesn't look that way on a chart with a linear vertical scale. But if you bought at $.07 and it goes up to $1.4 then the chart is correct. That's a 20X return!!! That's more than a 4 Bagger! (If it doubles once it's a one bagger. Twice is a two bagger, etc.) |
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Here is what I sent. I borrowed (with permission) some of kiba's letter to the EFF:
Dear Clive,
You wrote the article on bittorrent in Wired magazine, which I thought was a great article. I have an idea for another article that will make another outstanding story. There is a new cryptocurrency called "bitcoin" that uses peer-to-peer technologies and it is growing fast. The Electronic Frontier Foundation (EFF) recognizes this electronic currency and accepts bitcoin donations. It has been on the internet radio "Security Now!", a national radio show at "One Radio Network", and has been written in many, many blogs.
The Bitcoin community comprises approximately 5,000 to 10,000 users and over 100 business enterprises employing a new open-source P2P cryptocurrency and monetary system called Bitcoins. The software for bitcoin is published under the MIT license. In addition to many other useful properties, Bitcoin has extremely low transaction fees, high divisibility, and is difficult to produce and counterfeit. These features make Bitcoin useful as a medium of exchange. As such, Bitcoin may become a threat to centralized monetary systems, which are typically backed by governments. The Bitcoin community knows that governments will defend their monetary monopolies, perhaps by suppressing the Bitcoin economy.
If you could do a story on this open source software I think many people would be interested. Please visit the forums at bitcoin.org for additional info. I can point to you to some reputable sources if needed.
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Definitely. Ok for Gavin?
Sure. sirius: after getting the 0.3.20 release out, I want to work with you (and everybody else) to make the bitcoin.org website more newbie-friendly. |
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They have a "Contact Us" page here: http://www.wired.com/about/feedback/One option is "Pitch a story idea" but it says "writers only please". So I think the best bet is to contact a tech writer, get him/her interested and write the bitcoin story. Any good writers out there? |
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Anyone up for trying to get Wired.com to do an article on Bitcoin? They have a good circulation base.
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I went on bitcoin-otc and asked a gentleman, named bitcoin_bonus, to call in my local Dominos for an order. He ordered my wings and I sent him Bitcoin+tip in return. I'll tell you how everything is when the wings get here -- at my school.  I've mentioned before that I believe pizza for bitcoins could be the first bitcoin tangible goods industry that could take off. Why? Because of free delivery, food is good, pizza is cheap, and it comes in an hour or so. |
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All it needs is for a message to pop up if there's no block chain present when the client starts up. It could say something like: "Bitcoin is downloading a local copy of the transaction block chain. This can take several hours. When the download is complete, your transactions will be visible." Sounds good to me. |
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This is a great publicity stunt! I like it! How many bitcoins does one need to survive for one month?
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*** This bounty expires March 1st 2011 ***
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