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Yeah, people are going to try for a few days and give up instead of knowing, not being frustrated, and being glad it's coming to a better sever.
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Attaching a fee is voluntary and always will be. Miners can use the fee to determine if they want to include the tx or not. So we could get to a point were no fee tx will never get processed, but strictly speaking you could do the work yourself.
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Well, yes, but this is a catastrophic scenario where it would be easy to get all developers of all clients to agree on resetting the difficulty to the last known good value. As long as we can get 50%+ to use a client we can do whatever we want with Bitcoin ^^ Kind of tough to do when the creator of the super fast computer is the Chinese government and China is the largest user of bitcoin. (Which is probably one of the more plausible scenarios for my given example). what makes u say China is the largest user of btc? Lol, maybe all those Chinese students. |
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Repaying losses seems extremely generous to me, but you should make sure you don't give others the idea that they can freeroll you.
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Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.
Were you ID 2? That user looks like it's just hit refresh over and over again instead of starting each game from the start. Wait, does that somehow let you play with the same result over and over? No, it doesn't... refreshing is pointless... I can however see it in the logs. It's the only thing I can see that even remotely looks like 10 losses in a row. Ah, of course he could have gone out for a smoke and someone else played a few in between. |
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Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.
Were you ID 2? That user looks like it's just hit refresh over and over again instead of starting each game from the start. Wait, does that somehow let you play with the same result over and over? |
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I won on my fifth game. So it isn't 0% at least.
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Nope, never won once but I'm not trying anymore. Lost 250 BTC lol
Damn. |
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Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.
That's not good. I'm 3 losses for 3 tries. Have you won at all? |
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So If i was pure evil and I decide to ruin the market by selling all my BTC for 13 cents each,
which satisfies all the bids on MT gox, I could generally ruin the whole market right?
This would be about as evil as selling delicious cheeseburgers for a $.25. People want bitcoins, you can see this from all the people trying to pay over $1 for them. Far from ruining the market you would be pleasing lots of market participants.
or If I had 500k usd in my bank account and decide to buy up every coin on mt gox I could greatly change the price of the btc.
Likewise, this would please all the people trying to sell coins, and not ruin anything.
dosent that mean that mtgox is insanely unstable?
Prices change in markets to reflect people's desires. A controlled market is no market at all. MtGox is the best and most stable bitcoin market that exists right now, but there are others and there will be more. There will probably be more volume and lower volatility in the future, but no one knows for sure. |
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The peg would be a promise by some entity to give a dollar for one of these coins, right? How is that dollar sent and why do we trust the entity?
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So pizza should still cost 10kBTC?
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This forum is a daily reminder to me of just how ingrained is the idea of central control in contemporary culture. An exchange rate is just assumed to be something centrally controlled by some agent like Mt. Gox, presumably working for Satoshi or something.
Reminds me of the Soviet officer who, when told there were no ID cards or residence permits in England, asked in confusion, "How do you know how much bread to bake?"
What are you talking about? Obviously someone smart sets the rate. If people did it on their own they would just pick a great rate for themselves. Okay, give me $1000/coin.  |
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I think there is place for all kinds of systems, but I'd start with capped loss and full reserve. That will still be useful and will be easiest to implement and keep free of fraud.
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Theymos, I'll bet you the price hits $20 within a year or $15 by the end of this year. Want to bet 50BTC?
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Stevenbucks never paid back his debt so just pay what he owes and we'll know it couldn't be you.  Don't feel too ripped off though. When people scam it hurts all newbies. Can't do much but start with small ways to build trust. Even if you were Stevenbucks you could make a new name, be honest and eventually you would have an account with a good rep. I think we know that he was in NY so if you live in a different city take some photos and put a dated bitcoin sign in them and we'll know you aren't him or you are on vacation |
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A while ago i saw on TV this thing about how according to the teachings of some religion (i think it was Muslim religion, not 100% sure though) charging interests when lending money to people was kinda like a sin; but then what happens if someone wanna lend an ammount in BTC, which medium and long term is expected increase in value?
I'm quite sure religious zealots are focused on nominal interest only. |
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