On the other hand there are successful businessmen, with records of running profitable companies, who emphatically disagree with you:
You think that someone who got into problems because they could no longer get credit would agree that lending is not necessary for the economy? I continue to be baffled by what some people thinks makes sense in this forum. That person/people with problems don't equal the economy. The stuff they don't get goes to someone else who on average can use it better. |
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I think it is not unreasonable for politicians to be able to edit the quotes. It makes it so they don't have to (or can't) later say, "what I meant to say was ...". It also ensures that the quote is accurate.
Lol |
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This is great news, but that's the problem. Everyone is just "waiting for the point when they can step in", but no one would actually make the first step.
Why would no one make the first step? I'm particularly interested to hear the theory since first steps have already been made. |
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I am against any security that is involved with ponzi schemes.
Even when betting against ponzi schemes, such securities benefit from their existence and promote their existence..
I feel the best way to handle potential ponzi schemes is to highlight all of the concerns and make such information visible to the public and then keep our distance.
No. Think about this. Identify Ponzi X, offer exactly what they offer as long as they offer it, be completely honest and up front that if/when they stop paying so will you. If you don't want to pay any more (decide they aren't ponzi, run out of funds, whatever) you return all money. You offer a little bit extra too, maybe 10%, maybe less. If the original is a ponzi and you are trustworthy enough that everyone believes you will do as you say and pay as long as the original pays then most money will leave the ponzi and it will fail faster and make less money. You only make money if you identify ponzis really well. The main risk I see in running this is that if you are transparent about how much capital you have a ponzi could specifically plan to outlast you at which point they'd get a lot of people rushing to them after you pay back principle. |
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Without out looking I'll bet it's the same coins over and over.
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The half hour tournament is now a 400 chip guarantee, just 50 chips to enter. That means we've got a freeroll and a guarantee running every hour around the clock now.
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You can't start off with big bets on that site, it's pointless. You are betting against nothing on the other side.
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I am surprised that Gavin posted that (do you have a link to the blog entry?) - personally I think if bitcoins are only hoarded it will be the death of it (as achieving a >50% attack would become easy if mining has all but died).
Although it has been a little annoying as the blockchain bloats I think having more and more transactions is the most important thing to ensure the success of Bitcoin (at least while it remains a "proof of work" system).
Stupid to think "Only hoarding" is going to happen. If there was "only hoarding" how would a 51% attack even do anything? Try to set up an attack that doesn't require trade to have happened. |
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The United Nations?!?!? Hahahaha! They're the reason I'm using bitcoins, to make sure those murderers don't get any more of my money!
This money spent to feed children. Feed children to whom? |
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A few small bug fixes and tournament start times are better displayed in the lobby now.
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Seals is going offline briefly in a few minutes for a few minutes.
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I say no to them all, problem solved for me. Are you asking me to somehow say no for other people now too?
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goldbugs demand tangibility, what they actually mean is :
I want to be able to be the only one who can touch it.
when someone translates them that their word "tangibility" means "absolute ownership"
they should be able to get on the right track to understanding advantages of bitcoin
and about backing,
it is backed by me not wanting to sell it (cheap)
to use Turk's language, the gold bugs do not want any "counterparty risk". Bitcoin fulfills that definition completely. Yes, and Mr. Turk overlooks that obvious fact that when you hold a GoldMoney account you are also subject to "counterparty risk". You risk the potential inability of Mr. Turk to redeem your digits warehouse receipts for physical gold. All his gold sits there as a fat, juicy target for existing power structures. Just ask Mr. Douglas Jackson how that turned out for him. Super sketchy to ask people to trust you as counterparty while denying that risk exists. I don't trust him (Turk) one tiny bit. |
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I'm tentatively planning brief downtime for upgrades around 10am ET Friday morning.
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 I would consider switching to a variant that was still limited to 21M but has all the same features, just a different rate of supply. (And was scalable to 9Bilion users) The 'improved' schedule is kind of blowing my mind. I'm thinking who would mine in the beginning, but who cares, if no one starts it's super low difficulty. Seems reasonable, but I dunno yet. |
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But with regards to Bitcoin things will never go back to normal for you.
Not entirely true. Worst case he/she can always burn the knightmb identity. Even Satoshi is/are probably still hanging around here somewhere. Haven't you read his last post here ? He donated a lot of them to wikileak and he's still active on the new currency TimeCoin. http://timekoin.org/No he didnt. Thats the wikileaks BTC donation address: http://blockchain.info/address/1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36vTotal received: 3400 BTC to date What I meant earlier: But with regards to Bitcoin things will never go back to normal for you.
Now that bitcoin changed his life for him personally, he can never go back to the point where he started off. Even if he gave everything away and changed his identity, he would still keep a galore of memories and went through so many life changing events due to bitcoin, he would never be the same person again. Also, his outside world is different now (unless he kept it a complete secret from everyone except this community and still lives in his Mom's basement;). To say it with Peter Parker's words: "With great power comes great responsibility."http://www.youtube.com/watch?v=IKmQW7JTb6s&noredirect=1maybe he IS Spiderman after all? It is 'an' address, not 'the' address. |
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I find it hilarious that the same people who complain about Bitcoin's early adopter "advantage" are those who also complain about Bitcoin's price deflation.
The price deflation means that everyone gets an early adopter advantage, until the growth in Bitcoin adoption stops. And that may only happen when the world's population stops increasing.
Probably not even then since we'll likely still be getting more efficient. |
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I would like Bitcoin to start over new, but solely because I wish I was an earlier adopter. I wish I could by bitcoins for three cents each or so...
But overally, I believe Satoshi did a good job and so far, it's been working great.
If people all want to do that they can, but it's not a group I'd want to join since they'll probably do it again after spending up their easy coins. Wasn't ixcoin such an attempt? I don't follow the details of other chains, is it exactly the same with just the excuse of restarting or is there some supposedly beneficial change? |
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I really want a prediction market.
For example it could have as propositions like this for every month. People would participate way more because they wouldn't be locked in to maturity. And then we could use it as a good indicator of what we can count on.
That sounds like a pretty good idea, actually. Although the same can already be done on Bets of Bitcoin just by selecting bets that have a timeframe of one month or less. No, I want people to be able to participate in bets that end years from now for just hours if they want. Gotta be trade-able. |
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I really want a prediction market.
For example it could have as propositions like this for every month. People would participate way more because they wouldn't be locked in to maturity. And then we could use it as a good indicator of what we can count on.
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