funny how 2012-05-11 is picked twice
what was the price 365 days ago, and why is it important?
It isn't so much important as it is a random statistic. Since July 2011, Bitcoin has posted huge gains from the time 12 months ago. While nobody would claim that Bitcoin's price has gone up recently, it still has held above its price 365 days before (a "yearly" gain). The bubble will likely change that. 2012-05-11 is probably picked more often because it was the first choice, and people bandwagoned. Such is life. That's the day the price spiked up over the current price. So assuming steady price till then, that will be the day. |
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Pool membership is dynamic. A pool that goes down gets smaller because people like money.
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unable to connect atm, anyone else ?
Are you still unable to connect? Everything seems fine from here. still unable, but about to crash for the night. Will retry from a few other pc's in the house tomorrow (just updated this to latest ubuntu, could be causing some issues). Yes, give me more details when you can. One possibility that comes to mind is that you got a different version of flash. I know there is a linux flash version that doesn't work. |
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You won't get a majority for some arbitrary change like that. But majority isn't the standard required for that type of change. You need the people with the stuff you want (dollars, services, goods) to want your wacky coin.
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unable to connect atm, anyone else ?
Are you still unable to connect? Everything seems fine from here. |
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Ha, people paying for porn...
To be fair they are only paying with a virtual currency that's not really worth anything. |
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But.. bitcoin is going to go up 100% per month, so we'll get fewer coins back?
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You know, I'm all for the government catching criminals, but things like this are taking it too far.
So you want them catching criminals but not defining 'criminal'? Who ought be doing that? I don't understand what you mean... a criminal would be one who breaks a law that defines one as a criminal, right? Well all they are going to be doing is catching criminals, right? But since they get to pick how to do that and who is a criminal and they even get to change it as they go "catching criminals" pretty much means doing whatever the hell they want. Exactly. That's why I said this is going too far...  Oh ok. I don't want them catching criminals since that would involve, well.. lets leave it at "catching people I know". |
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As someone involved in the precious metals market I am watching these developments. However, they are many years away so I'm not too worried for the near future.
But if and when they do strike a major load, it will take time for it to be mined, processed, and integrated into the economy.
The marginal buyer may be enticed to wait for the huge supply when he sees it coming down the line. Not to mention speculators will be pulling out. Still it's a long way off imo and I'm holding some metals. |
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- Over time we think "group buying of bitcoins" leads to you getting more bitcoins in the long run. We hope to give you more bitcoins then
you paid for.
How's that work out for you? To be honest we are going to figure out another way to make money or at the very least the fee will be very small. Good question though. Good service is worth paying for, if you come up with something people want/need just charge them for it. Especially when it is money related people want to see that you can prosper by playing it straight. MyBitcoin.com offered a nice free service... for a while. I bet some people would be interested in having you automatically dollar cost average over the month for them. You take the lump up front and dish out coins you buy each day at the market rate. If you could take CC and set yourself up like those gym memberships you might really have something. Maybe even start buying coins for people after a week or longer wait. A ton of people on a bitcoin drip sounds good to me. |
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- Over time we think "group buying of bitcoins" leads to you getting more bitcoins in the long run. We hope to give you more bitcoins then
you paid for.
How's that work out for you? |
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The Sunday 60BTC Guarantee Tourney continues. Last week it only got 21 players so there was a good amount of money added. Only 2BTC to enter, Sunday at 6pm ET.
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You can't 'buy' it. If it is worth $20B and somone 'buys' it for $50M then someone else will come along and 'buy' it for $100M and so on. But that won't happen since you don't get to keep it for $50M and anyone with $50M will know that.
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I'd imagine attackers can check bitcoin keys a lot faster than they can try to access instawallets. Short ones will become more vulnerable.
Ah, I was just trying things out and it seems you can't make a new wallet with your own private part anymore? Is that intended?
How short are the short ones? Just make the calculation complex enough to where brute-forcing it would be impossible. You used to be able to make them 1 character even. |
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I'd imagine attackers can check bitcoin keys a lot faster than they can try to access instawallets. Short ones will become more vulnerable.
Ah, I was just trying things out and it seems you can't make a new wallet with your own private part anymore? Is that intended?
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And regarding the discussions about what would happen in the case Instawallet's service was to be discontinued here's what we would do : - A notice would be posted a long time in advance,
- We would generate a private key for each account, in a publicly documented way, using the wallet URL as seed,
- We'd compute the public key from the private key,
- We'd compute the address from the public key,
- We'd send the balance to this generated address,
- And that's it!
Now all you'd need to regain control of your coins is to follow the steps using your wallet key, you'll get a private key you can import into any client, or into any service. Even a user without any technical knowledge could use a third-party service that could perform these steps given a wallet URL, for a fee obviously, but in perfect market conditions, therefore the fee would always be as competitive as possible. Thoughts ? That's smart. |
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You know, I'm all for the government catching criminals, but things like this are taking it too far.
So you want them catching criminals but not defining 'criminal'? Who ought be doing that? I don't understand what you mean... a criminal would be one who breaks a law that defines one as a criminal, right? Well all they are going to be doing is catching criminals, right? But since they get to pick how to do that and who is a criminal and they even get to change it as they go "catching criminals" pretty much means doing whatever the hell they want. |
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Lol, this article. Ladybytes didn't start DeCrypto because she was banned, at least the author admits confusion. And nice choice of pics...
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