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It's also not a 'prediction market'. You can't sell your statements.
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"Bitcoin might be a solution."
Two seconds later, "There is no way to pay with cash on the internet."
I guess cash only means state paper to him still.
He have a compartmental mind. He needs an analogy he can relate to. Maybe the fact that Bitcoin is an open-source currency. Umm, here's a metaphor, bitcoin is cash. And a simile, bitcoin is like cash. |
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but the user is prompted with an option of sweeping the funds when they do it. Like when they go to import the key it will show a message like "If someone else had this private key before you, your funds may be stolen. You can eliminate this risk by transferring the funds into your other secure addresses. Would you like to sweep the funds into another account?". This is good. May be instead of 'your other secure addresses' this warning should read 'your organic addresses'? Just mark addresses to imported and organic with proper warning if imported addresses are attempted to be used as payment receipt or request payment addresses. Small nitpick. The wording should not be "Your funds can be stolen" but "The funds are not yours" or something like that. |
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"Bitcoin might be a solution."
Two seconds later, "There is no way to pay with cash on the internet."
I guess cash only means state paper to him still.
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A clever spammer could create a website that relays any sort of captcha challenge to users who are willing to solve them for .01BTC each. It has been done before, but using porn for a reward instead of bitcoins. Same principal.
Not that clever since he'd be paying .01 instead of the direct access payment of .001 A more substantial deposit that is returned after the account doesn't spam is probably better, that way it is only a cost to spammers. It only really works in communities where most people will have coins and even then could be annoying, but so is spam. |
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because BTC is a unit. You don't say USD50, you say 50 USD.
nah, BTC is a symbol, just like $ is a symbol. you don't say 50 $ 50 $ is seen in some places around where I live, though $50 is far more common. Even more common is the omission of the $ completely. The reason for that is because $ is the peso sign, used to indicate that "the following number represents a currency" just like 'No.' represents "the following number represents an order" or "-" represents "the following number represents a negative quantity". The peso sign itself, when it proceeds a quantity, is not a unit; while 50 USD is unambiguous, $50 can refer to many different national currencies based on a peso or a dollar. BTC does not connote any of those meanings, rather, BTC is a unit. For example, 50 kg, 50 €, 50 °C are all written with quantity preceding unit. BTC50 looks bad and implies ambiguity. Often when I write there is no chance of misunderstanding and I leave it off. Eventually I just won't walk to people who might think I meant something else <snicker> When I write it it's 7BTC. Though now that I think about it I don't know why I smoosh them, 7 BTC it is. |
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Given the limit of 21 million bitcoins and the world population is over 7 billion, I'd like you all to think if 0.005 is a penny when your monthly salary could one day be 0.0000001 bitcoins or less.
The devs have stated that the fee will be adjusted as needed when price goes up. I believe you can also alter the code on your own client to bypass fee conditions when sending but I'm not sure where the line is drawn for validation by other nodes or miners. (The purpose of the fee for OP is to prevent a spam attack on the blockchain by a malicious user sending huge qty of trivially small transactions. ) To clarify for anyone who doesn't know, the devs can set the behavior of the client they publish and they've done fine so far, it people ever want nodes with different forwarding rules they don't need any permission, just their own code. I believe a lot of miners already run custom code, but I don't think there are many with significantly different rules. |
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Oh oh no no, artificially high profits because some people will be scared, oh no, please, no, Mr Politician.
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It seems to be state money on a blakcberry.
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I was just curious on it, and its 7 cents and ill pay it.
I was just under the impression that once you hit a btc or so it's free.
so once I spend all those tiny ones, I won't get hit again on it because they are now condnsed into just the 'one' big transaction right?
Aaron
Wow, you must have received a lot of small transactions? Are you sure it isn't .0005 which would be ~$.007? That's right if your wallet is cleared of those they won't cause it to ask for a fee. There are other ways to need a fee though, like sending inputs that you just received. The bigger they are the less long you need to wait to avoid the fee, one "bitcoin day" is the general rule, so 12 hours if it is 2BTC, 1 hour if it is 24BTC. That fee will certainly only be .0005BTC though. |
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Let's get Tom Woods, the rockstar Austrian economic historian who I believe is friends with the antiwar.com people, to look into Bitcoin. If he came onboard he'd become the best public speaker Bitcoin ever had. EDIT: Whoah, big-ass donations coming their way already: http://blockchain.info/address/1M87hiTAa49enJKVeT9gzLjYmJoYh9V98I expected to see a lot more. The Australian TOR node exit node operator got 220+ in a few days. |
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So... how many fingers am I holding up?
n/m I'm not going to actually hold them up... or am I?
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Im trying to send a transaction to ONE address of about 2 btc. I am being told that my transaction exceeds the size limit and do I want to pay extra to send it?
What is causing this? I though you were over 1 btc roughly that there were no fees?
Thank you for your help.
Aaron
It's a little bit complicated. Short story: Your wallet is made up of a lot of small inputs and constructing the transaction takes a lot of them and it takes up a lot more space than a simple transaction so you need to pay like a penny. And you don't really -need- to you can always find your own block and put it in that or find someone else will, but it's not really worth doing that since we're talking about a penny. |
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Well this is a bit like saying are nazis the right owners of jewish shops. .
So you agree? |
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Generally anticipated events are always more or less priced in. If we knew, half a year ago, that wordpress would accept bitcoins on a certain date, there would be no rally.
Just ain't true. Unless you knew not only that wordpress was going to accept them, but how many people would start using BTC because if/how much this increase demand would increase price/what other businesses would start accepting BTC because of wordpress/how long wordpress will accept BTC/ect ect ect Anyone who claims that they can price ANYTHING in before it happens has spent to much time buying on Silk Road. Of course people get things wrong, but if they know about things they are as likely to overshoot as undershoot. If you know that people systematically overshoot or undershoot you can make free money (for a while, until you've corrected it and the price reflects your knowledge). |
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1. Bitcoin use SHA.
2. The US gov owns SHA algorithm.
US Gov't property released to the public is always in the public domain. Incorporating something in the public domain does not transfer copyright. Ok, so what's with US gov cryptography export regulations? Do you suppose that generally export regulations only apply to government property? |
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Do they own addition too?
Who cares.
Maybe they will kill you, but it won't actually be because you are a witch no matter what they say.
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Fraud is the major stumbling block when getting Bitcoin accepted in mainstream use. So the question is, can the block chain be use to publically confirm a bitcoin payment in the advent of a dispute?
i.e if I buy some stuff with bitcoin, can the blockchain be used to prove an amount was sent to a given named recipient?
That would make life easier.
If you have the name you can use whatever methods you currently use to avoid being defrauded. The reasons so many people get ripped off for their coins is that Bitcoin makes it possible to send money directly to complete strangers. There is nothing safe about that, the way to avoid loss is to not take advantage of that option. |
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Welcome.
Of all the places to occupy, banks are low on my list :-)
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He's 2, it's not like he's got to go to work in the morning, just let him play until he's tired.
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