Latest posts of: FreeMoney

Quote from: BkkCoins on October 11, 2011, 12:21:13 AM

I don't think AJ will get it. As much as he rants against the mainstream, his methods and underlying motives are very much mainstream. He may be against the government but it's only from a place of selfishness and greed. It's his business after all.

I'm not a fan of AJ at all. But come on, you think he was was like, okay, I want to make money talking on the radio, lemme pick a topic that'll make me a lot of money, I know, anti-gov rhetoric, those people are numerous and wealthy.

Quote from: kokjo on October 10, 2011, 06:55:20 AM

0.0001 then i will abandon bitcoin Tongue

You will abandon it to me. I'll be buying every coin for my collection. How sweet would a full set be?

Quote from: mizike29 on October 10, 2011, 03:34:38 AM

Seems to me bitcoin is dead where its been hanging at for weeks, 4 to 5 bux a bitcoin is not helping anyone. To expensive to create them with the cards and electricity cost, selling, trading too risky for way to low of profit, the only way bitcoin gets back to where it needs to be seems to be if some company starts accepting them, newegg, amazon something like that or when all the bitcoins have been made, then maybe the value would rise. It is a toy at this price point, needs to be 10 to 15 a bitcoin to actually pay for itself, pay for anything make it work. 1 buck sucks, 4 bux sucks, kinda dead and stuck for past month, not looking good.

So are these altruists finding 5 an hour going to stop now?

Quote from: dancupid on October 10, 2011, 04:44:29 AM

A log graph only makes sense if Bitcoin is growing exponentially. Typically technology trends do, so it could have value - but if bitcoin isn't growing exponentially (long term) then it has little value.
If bitcoin really does represent the future of currency, then the log graph is the way to view prices. It depends how much faith you have in the long term future of bitcoin.

Pretty much everything grows exponentially. A 2% bond does. There are lots of useful ways to graph things and a log graph is one.

Quote from: BkkCoins on October 10, 2011, 12:54:08 AM

1 BTC = $1 would be nice, at least for people used to dealing in $US.
Similar to how CAD, AUD, NZD plug along at close to par values.
And difficulty about 1/4 what it is now.

What matters is that people see a need to transact in BTC, that it provides something that they can't get with the banking system - the ability to quietly exchange money without being "watched", without needing approval to open an account, to trade without being managed, out from under the thumb of a gangster/bankster mafia.

If the majority would wake up and take hold of their future they could break free of the oppression and terraform a new economic reality. Hooooowl. Is that enough of a rally cry...

How could bitcoin thrive at 1 dollar? That doesn't give 10000 people enough for a small house or everyone in the US enough for one meal. Bitcoin is a little toy at $1.

Does this mean I can trade forex without ID and reporting and stuff?

Quote from: Mushroomized on October 09, 2011, 05:00:03 PM

Is the 100 chips offer still valid? My username is mushroomized

You got it. I think the 100 offer is done now, pretty sure we're up to 10.

Quote from: BitcoinMedia on October 09, 2011, 05:13:51 AM

While I would love to move there its just not physically possible.

Are you stuck in a well? Tongue

Very cool promotion.

Quote from: BitcoinPorn on October 08, 2011, 04:26:30 PM

Quote from: ParrotyBit on October 08, 2011, 05:46:48 AM

I really do have to wonder what sort of advantage paying via Bitcoin has at a restaurant.

I think it is more or less the end game being the ability to pull out my cell phone and have a qr code that I scan or that is scanned, transaction done, less fees than credit card, the most instant transaction you can get.

This is cool and will be done imo. But the killer app of bitcoin is not going to be paying people who you could hand something to anyway. It's got to have to do with the fact that you can send it just as easily to Egypt as Japan as 3 miles away.

Quote from: Littleshop on October 07, 2011, 10:52:30 PM

Quote from: the founder (FlexCoin) on October 07, 2011, 09:49:15 PM

It's low today was 3.75 ... and while it was crashing we printed an additional 7200 coins

let me know when you guys believe it's becoming mindless.

I do not want the price to drop. But it will. The network is just too big right now. It is not hugely oversized but in my estimation it is 2x too big but that is just my crazy guess. When the network gets down to 5TH and the price gets down to 2, it will be more 'right sized' as a currency with less dollars going out the door to electricity. The network can stay stable at that price for a long time as more people adopt coin. Then it will slowly grow again.

Hopefully the price will grow in a more steady even pace, that is related more to the use of bitcoin then the speculation on its future.

There is nothing wrong with the rules as they stand. Things just got (very) ahead of themselves. This is the market correcting itself.

If the right size is smaller then so be it, but I'm always rooting for higher. I can make way more awesome stuff at 100 per than 5 per. And that's a completely healthy situation.

Bitcoin is mindless.

Quote from: the founder (FlexCoin) on October 07, 2011, 09:49:15 PM

It's low today was 3.75 ... and while it was crashing we printed an additional 7200 coins

let me know when you guys believe it's becoming mindless.

Why are you wasting your time? People are not going to change the rules. Just make a new currency and/or borrow coins.

We've had lag troubles over the last week, but we have reason to think it is better now.

I dunno, sounds like you are speculating to me. Tongue

Quote from: FreeTrade on October 04, 2011, 09:39:23 PM

It is possible to design a proof-of-work scheme where being part of a pool doesn't provide any (or negligible) advantage, aside from the benefit of having a more predictable revenue stream. Perhaps that's what the OP is wondering about.

That is all that a pool currently does.

Quote from: Forp on October 04, 2011, 09:20:14 PM

The point is: The current proof of work scheme makes it possible to parallelize and have pools. A pool could thus become a very strong adversary which is not what we want - right? A non-parallelizable proof of work scheme has the consequence that nobody can become stronger than a, say, 4.5 GHz overclocked single core pentium. This is what we want.

If I can get X power by doing Y. How am I not going to be able to get 2X power by doing Y twice? How could you possibly tell the difference between two people doing Y and one person doing Y twice? Not to mention (again) that the pool is actually just a bunch of people separately doing Y and sharing results.

Can you explain the reasoning for having a "parents died of AIDS" orphanage? I mean if there were extra spots would you let other kinds of orphans in? Or does it just happen than most orphans are of this type because that's what poor parents die of most of the time and mentioning AIDS gets more sympathy?

Quote from: Andrew Bitcoiner on September 28, 2011, 04:27:43 AM

And their will still be a government long after everyone have departed the earth.

I'm really having trouble picturing this. Like other species will wear uniforms and boss each other around?

Quote from: error on October 04, 2011, 03:24:17 PM

Quote from: mizerydearia on October 03, 2011, 11:02:35 PM

From Linode's Lee Matos:

Quote

I do not know of our plans to accept bitcoins as payment. I think that it is safe to say that we will not be accepting bitcoins until they widely used across the public sector. I hope this helps!

I presume this type of hesitation to accept bitcoins until bitcoins are 'widely used across the public sector' is prevalent excuse across many businesses, and without any of them taking initiation and instead preserving hesitation, then there will never be an established 'wide use across the public sector.'

I don't expect that the government will ever accept bitcoins.

I'll bet that there will eventually be some gang strong enough to claim local supremacy but not strong enough to mandate a money and will just go with the flow and use the natural money.

Quote from: 2112 on October 04, 2011, 05:49:40 AM

Quote from: Luke-Jr on October 04, 2011, 05:27:29 AM

Anyone using block times for anything important is quite simply a fool.

This quote is worth preserving. There is a number of people on this forum who claim that bitcoin as-it-is-right-now is ready to maintain certifiable accounts for businesses. Who will be right?

Luke is not saying bitcon isn't good to go. He's saying the times shouldn't be used as times.

Quote from: herzmeister on October 03, 2011, 11:27:54 PM

i think almost everyone with a higher profile in the bitcoin community would laugh like that when being asked if they were satoshi, and react in a similar way, so it doesnt prove anything obviously

That guy isn't in the bitcoin community (unless he is satoshi I guess) as far I understand. He was questioned because he is English and at a crypto conference.

But still not answering and laughing doesn't mean anything. Even saying that "I wouldn't tell you if I was" doesn't mean anything. I thinking speaker obviously means that Satoshi wouldn't tell you, and obviously he wouldn't.