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If you lose something valuable you are accountable. No one is making any promises to you here.
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I vote lamb. Lamb tastes better. I've never had Satan, but I imagine the meat would be a bit overcooked...
Seitan is rather flavorless unless you marinate it well. [citation needed] |
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So bitcoin makes you want to produce instead of consume? Sounds awful.  |
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People develop a mental model of how the world works and identify with that model. When you tell them about something that contradicts this model, they take it as a personal insult. You're basically telling the ego that it is invalid.
This is why people become so entrenched in their beliefs. The ego is the sum of the mind's beliefs.
This is part of my model of the world (and so is Bitcoin). |
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If you were to intentionally try to make a collision, it would currently take 2^126 times longer to generate a colliding bitcoin address than to generate a block. You could have got a lot more money by generating blocks.
What if your network of computers already generated and tested all the possible blocks? Sure the address haystack of possibilities is much bigger and harder to test... but if the other haystack(block generating) has bean fully counted what else is there to do? This is sillier than asking what happens after all the atoms have been examined. Nothing, nothing happens. Even if you could look at the entire space eventually (you cannot, one trillion of you cannot) you can't remember it either. |
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Berkshire? it's silly to think there isn't any money smart enough to value a company correctly after it's completely arbitrary nominal value is a certain length. Just arb this shit if you believe it.
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how come there is no middleground?
Middle ground doesn't exist on the Internet. I love the middle ground Bitcoin posts. "Bitcoin is a great idea and would revolutionize the world, but alas, there are only 21 million and this is not enough for our big world." |
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If people aren't buying anything with coins (false btw) because they are so sure the value is going up this implies they ought be converting all liquid assets (dolars for example) to BTC asap. So the not buying because I-just-know-it-will-rise is not hurting bitcoin at all.
Bonus thought: If there is a current bitcoin price then someone is spending BTC on something.
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Compare it to dollar, that's a fairer comparison.
(To most, "dollar" is actually US dollar).
No. If you offer someone a dollar in Toronto they assume CAD. |
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That's nothing. Check Bitcoin vs US dollar.
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Can you think of anything that makes the original better than clones?
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One thing that i found dangerous, if you make a typo in the amount you deposit the money never gets added to your account. (even if you send it to the proper address) I just made an expensive typo  Just sent them email, hope they can fix it. This is bogus and seems like mindlessly copying the mistake of MtGox and Mybitcoin. So damn easy to do right. Ask for a deposit address, get one, get told that it expires in 1 day, 90 days, whatever. Deposit whatever you want to it. It's also bogus to say that you won't share data and then say that you will give data if a gov requests it.  Just admit that you share data with people if you are scared of them. Or grow a pair, but that's asking a lot I know. |
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No "I'd pay $100 now since that'll be cheaper than waiting for Dwolla?" option?
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I appreciate both services, glad they're back up.
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Yes, Lew Rockwell dot com (who also manages mises.org) has published a couple of very favorable articles about Bitcoin.
As a supporter of the austrian school of economics and a very early supporter of Bitcoin I wish a few austrians were not so caught up with gold. Gold is only useful because it allows monetary stability and that was the reason it was choosed by the market. But the market can choose more things that gold, like bitcoins. Also, gold and Bitcoin are complementary. I would not put all my savings in gold or bitcoins, but a mix of the two. Bitcoin is way more useful for internet transactions and its cheaper to store, but gold is probably more secure and it has a lot more tradition. They are both completementary. I am ashamed of some of the stupid reactions by a few austrian economists to Bitcoin. Hopefully they will come around, becuase austrian economics explains the dinamics of bitcoins like no other economic theory can.
+1 |
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I'm taking a guess here:
Instawallet is run by the same guy as Bitcoinmonitor.com. Bitcoinmonitor doesn't show transactions in the network anymore all of a sudden, only Trades. I guess the server's Bitcoin-daemon crashed, which would cause the Bitcoinmonitor-Symptoms and also Instawallet throwing an error. No need to worry.
I think you solved it. |
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Damnit, I just put money on there to use tonight.
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It's absolutely deflationary. Maybe the dollar still dies eventually anyway, but reducing the supply does not hurt the dollar. Refusal to default even though there is not enough value to hand out is why they are printing and why the dollar will die.
Default = admission
Printing = denial
What do you think is going to happen?
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Bitcoin had advantages over all other currencies. Bitcoin2 has zero advantages and all disadvantages.
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