523
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Bitcoin / Electrum / Re: [ANNOUNCE] Electrum - a new thin client
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on: May 10, 2012, 12:01:54 PM
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Well crap, I need to get out and play more. That's perfect for my needs. Forget it then... Spend your time on some other awesome feature (hint: like a currency calculator, a better installation system for android). 2 BTC sent to donations. 25790e039002bd832b2725e3872565aa1f94491e677dae37916f66ee144e1906
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524
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Economy / Economics / Re: How to make bitcoin be worth more?
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on: May 10, 2012, 11:55:05 AM
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Divisibility does not imply value.
Yes it does. The properties of good money are: - Portable
- fungible
- Un-consumable
- Durable
- Scarce
- Divisible
Divisibility in money does add value to a currency because it's easy to match an amount required value for an exchange.
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525
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Economy / Economics / Re: How to make bitcoin be worth more?
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on: May 09, 2012, 12:09:51 PM
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Exactly. Increase demand.
Now, how to increase demand? I can think of two primary ways to do that:
Here's one way... Promote positive Bitcoin awareness to those around you. I publish a single page newsletter once every monday morning with the previous weeks news about Bitcoin. Print it out and post it in your workplace like your cube, mail room, or break area. Introduce yourself on it so people know who to come to with questions. If you subscribe to one of the various places I post the DL link, you'll get a reminder to print it out every monday morning. https://bitcointalk.org/index.php?topic=78609.0
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526
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Bitcoin / Electrum / Re: [ANNOUNCE] Electrum - a new thin client
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on: May 08, 2012, 01:05:09 PM
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electrum is -><- close to being my offline wallet. Last night I just played with moving the seedless wallet to an online computer for syncing and back. Pretty darn awesome and easy to do.
Here's another feature request... once the wallet file gets sync'd, can the balance function be modified to display the "cached" balance if it detects no network connection?
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534
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Economy / Economics / Re: How to make bitcoin be worth more?
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on: May 07, 2012, 11:57:58 AM
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I believe a super majority of transactions happens outside MTGOX or FOREX exchanges.
I might agree, but those transactions did not affect the exchange price. All other transactions are based on what happens inside the exchange.
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536
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Bitcoin / Bitcoin Discussion / Re: Libertarian National Convention in Las Vegas, May 2-6
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on: May 07, 2012, 04:16:16 AM
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You must have reading comprehension problems. I never said I relay bitcoin in that light.
What I said was how the general public perceives it.
And you're wrong... The general public, to the tune of about 7 billion people, have no idea or preconception about Bitcoin. They've never heard of it yet. A relatively small portion of people who know about Bitcoin have a bad taste in their mouth from bad judgement. The reality is, there are a small number of people that hear the negative aspects of Bitcoin and say "no thanks" - yet there is a million more behind each one of those that have no opinion at all because they've never heard of it. If you really are a part of the choir, then you need to abandon this negative outlook and help the rest of us reach those 7 billion people before the genesis_blocks of the world do. Otherwise, no, you are not a part of the choir.
Please realize the difference son.
And the patronizing comments don't bother me... it's a common trait of people on the losing side of an argument.
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538
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Bitcoin / Bitcoin Discussion / Re: Libertarian National Convention in Las Vegas, May 2-6
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on: May 06, 2012, 06:46:53 PM
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This may be how YOU relay Bitcoin to your social circles, but I guarantee it's not how I represent Bitcoin. All the people that learn about Bitcoin from me have a very positive understanding of what it is, how it works, its vulnerabilities, mitigations, and history.
The reality is, there are a small number of people that hear the negative aspects of Bitcoin and say "no thanks" - yet there is a million more behind each one of those that have no opinion at all because they've never heard of it. If you really are a part of the choir, then you need to abandon this negative outlook and help the rest of us reach those 7 billion people before the genesis_blocks of the world do. Otherwise, no, you are not a part of the choir.
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539
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Bitcoin / Bitcoin Discussion / Re: Libertarian National Convention in Las Vegas, May 2-6
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on: May 06, 2012, 06:30:54 PM
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you just made my argument for me. No, I successfully argued that each transaction made in Bitcoin is a tribute to the success of Bitcoin and NOT just that silk road is "the only success in Bitcoin". Now, consider our only success... Silk Road.
hopefully some day this will change.
That is the only logical, and nearly certain conclusion - not withstanding a catastrophic event like shutting down the Internet, or a meteor striking the earth and destroying civilization, of course. I say this because FUDsters can claim ponzi and silk road all day long, for now. But time may eventually reveal the security, functionality, and efficiency of Bitcoin as a store and transfer medium of value with benefits everyone will want to experience. And just as we've learned to keep safe from pickpockets, burglers, etc, information wants to be free, and we'll all eventually learn how to protect against Bitcoin fraud and ignorant mistakes.
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540
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Bitcoin / Bitcoin Discussion / Re: Libertarian National Convention in Las Vegas, May 2-6
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on: May 06, 2012, 06:16:51 PM
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Your friends and family are not a large portion of the population that would be required for bitcoin to go "mainstream". Your friends and family would be a infinitesimal niche in comparison.
Yes, but not 300,000 Bitcoiners and their social network. and then their social networks, and so on, and so on. It will happen. Most people rarely use cash anylonger. They mostly use either EFT/ACH, checks, or a debit/credit card. These, for the most part, protects them from fraud and theft and has controls as far as the funds in those accounts are concerned, and are quite often easily reversible in those cases.
I think you're living in a first world country. I'd bet "most" people, in the context of the world, use cash. Absoltely the market looks stable NOW, but the damage has been done. Its how they PERCEIVE it that matters, and they percieve it negatively, as very risky, scammy, and that perception is part what prevents bitcoins from going mainstream.
There is a very limited number of people that had to live through that trough of disillusionment. We are now on the slope of enlightenment. The other 7 billion people on the planet that have not yet heard of Bitcoin have the benefit of jumping in on the Bitcoin pool when people can insightfully and logically relay the true state of the Bitcoin protocol - without the FUD caused by inflated expectations. again ... perception.
Again, of a relatively small community, many with a bad taste in their mouth from inflated expectations. There are 7 billion other people who will come to learn of Bitcoin, with the hindesight of our mistakes to more correctly evaluate it as a means of value storage and transfer.
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