a human life is worth more to me that my pc being used for mining
Don't worry. The part about jumping off a train was a metaphor. |
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Bitcoin drops in value to the point where laszlo was better off with the pizzas after all.
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Paypal supports accounts denominated in BTC (just kidding, this will never happen!)
If there was an easy way to do long bets using BTC, I'd wager that PayPal will support BTC before 2020. |
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Epii is referring to Legion's later post elsewhere, where he says he found a backup with 46,850 BTC in the old wallet. (46850+300)*446 = approximately 21000000. Impressive! |
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It's a VGA display (640 x 480) with a 486 DX4/75 processor. It has 24MB RAM. It shipped with OS/2 and Windows 3.1 dual-boot, but has since been "upgraded" to Windows 95. I think the hard disk is about 260 MB. I have the original box and most or all of the original accessories. It was hardly ever used - maybe 15 hours total, and was in good working order when I put it into storage. I'll need to get it out again and check that it's still OK. I'd be shipping from the United Kingdom. Here's a video of a 701C showing the way the keyboard slides: http://www.youtube.com/watch?v=478hsrVjVQk |
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I have an IBM Thinkpad 701C "Butterfly" laptop. This is the laptop with the keyboard that slides out in two parts that join together into a full-size keyboard. It boots. It's from 1995, but it's quite unusual. Are you interested?  |
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First mention of Bitcoin in the print edition of a daily newspaper.
First mention of Bitcoin in a public statement from a government official.
Date that half of all the Bitcoins (i.e. 10.5 million) have been generated.
First mention of Bitcoin in PayPal's terms and conditions, or on PayPal's policy or help pages.
Google Trends shows more searches for "bitcoin" than for "dollar".
First wallet-stealing virus in the wild.
First Bitcoin exchange or online wallet service goes bust.
Amazon accepts Bitcoins.
Bitcoins become the de-facto currency in some country that's affected by hyperinflation.
Bitcoin exchange rates are reported by a currency conversion site like xe.com
First retail currency exchange outlet exchanges Bitcoins.
First vending machine accepts Bitcoins.
First working "wifi-for-bitcoins" scheme.
Some country introduces legislation pertaining to block chains.
One million .bit domain names registered.
First corporation introduces a rival "currency" confusingly similar to Bitcoin.
First social network site adopts Bitcoin for in-site use.
First zero-configuration Bitcoin heater is commercially sold.
First country modifies its tax code in response to the growth of Bitcoin.
Bank makes housing loans denominated in Bitcoins.
The bitcoin base unit (one satoshi) reaches parity with one US cent or one Euro cent.
A paper currency circulates that is backed by bitcoins.
A song that mentions Bitcoin makes it to a popular top 100 list.
Bitcoins can be transferred by tweeting.
An electricity supplier offers a tariff designed for Bitcoin generation.
Someone's Bitcoin wallet is seized by government action.
The census form asks a question about Bitcoin.
The Unicode consortium designates a Bitcoin symbol.
ISO designates a Bitcoin currency code.
The usability of Bitcoin is interrupted by a security flaw in the standard client.
A simplified client is distributed that doesn't store the whole block chain.
Satoshi Nakamoto is awarded the Nobel Prize for Economics.
Satoshi Nakamoto's identity is outed.
The IMF steps in to "manage" Bitcoin.
A major browser ships with integrated support for Bitcoin.
First Bitcoin app accepted into the iPhone's app store.
Oil is primarily priced in Bitcoins.
The biggest Bitcoin holder is more wealthy than the biggest dollar holder.
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The problem with Jed's methodology is that it will show a bubble for ANY new thing that starts with zero value but non-zero users. At some point in the adoption of the thing, it must move to its longer-term value.
This kind of chart doesn't actually show whether the longer-term value is above or below the current price.
Inevitably, if Bitcoin is to be successful, its price must grow faster than its rate of adoption, because its price started at nothing. We can't tell from this chart whether Bitcoin is moving towards its true longer-term value, or whether it has bubbled above it.
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Six months ago, fergalish did the same calculation for CPU mining. Next year, we'll probably read the same news for FPGA mining. In this case, I think you have over-estimated the rate of difficulty growth. The last couple of difficulty rises have been particularly big because of the sharp price growth during April/May. There seems to be a lag of about six weeks between price rises and difficulty rises, so I expect the difficulty will increase a bit more slowly from next month. |
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i really do think someone should set it up. if nobody does, i'll volunteer to spearhead it, but i won't have time until about a month from now
Too much talk already. Gavin's obviously not going to start a new block chain, so go for it! We can wait a month to see your new coins. Just call it something different from Bitcoin so that you're not deceiving people, ok? |
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It's very nice, although in my opinion Tassie should be shaded like Victoria. The second coin doesn't really work.
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Those who like the idea of restarts might find happiness if they mine the testnet.
Not sure about that, testnet can be reset. That's what I mean. People (such as unk) who think restarts are a good idea can mine on testnet. |
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... potential benefit to a restart.
And I think that potential affluence of newcomers will be mitigated by the effective departure of early adopters who would lose anywhere between thousands to millions of dollars in the process. It's not even about the money. For me, the appeal of Bitcoin is that it is based on sound principles. As others have pointed out, newcomers are free to start up their own block chain if it suits their needs. Those who like the idea of restarts might find happiness if they mine the testnet. |
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The MtGox withdrawal limit applies equally to USD and BTC. So if you are withdrawing BTC, the maximum you can take out is $1000 worth per day (less than 200 BTC at current rates).
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... an incidental observation of a potential benefit to a restart.
But don't you see that, a couple of years down the track, the next wave of new users will complain about the early adopters of the restarted chain, and the block chain will need to be restarted again ... and again ... |
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Bitcoin is just like the Internet, like Email, like Bittorrent.
Well which is it? In developed countries, most people have used the internet, and most people have used email, but Bittorrent is a niche. A huge niche, for sure, but most people haven't used Bittorrent. In my family (7 people over 3 generations), I'm the only one who has used Bittorrent. And only for downloading Linux ISOs, not movies or music. My kids use YouTube and iTunes for music and movies. My parents and parents-in-law use CDs and DVDs, even though they use email and the web. Bitcoin will be like Bittorrent at best. I would still count that as hugely successful. At worst, Bitcoin will be like Esperanto: useful to its adherents, but not taking the world by storm. |
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The Bitcoin project couldn't have a better spokesman than Gavin, in my opinion.
Bitcoin works unbelievably smoothly and efficiently for geeks. All that needs to be done to achieve widespread success is to make it work smoothly, efficiently and safely for non-geeks.
The other things that people worry about (exchange rate fluctuations, lack or merchants, etc) will all sort themselves out in the end.
There's no hurry for Bitcoin to grow quickly. Provided it keeps growing slowly, it will get there. Much worse would be quick growth followed by a massive setback due to (e.g.) a wallet-stealing virus.
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bbb.bit and bbbb.bit are available!
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People use Bitcoin because it works well, not because they have been bribed to use it.
Anyway, there are no "new signups" because you don't sign up.
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