Hutt River Province in West Australia has been going 40 years and is an excellent candidate for this, although it is hard to forgive them that their website is "best viewed on IE 5.5 or better with popups enabled".
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It sounds as if Madhatter was presented with a difficult choice---go broke honoring his word, or destroy his hard-earned reputation here---and decided on the latter.
Those are not the only two options. There's also the possibility to "fess up" to the community that he promised what he couldn't deliver, be transparent about the situation, and work with the community to resolve the problem as far as is possible. Madhatter had an outstanding reputation here, and he needs to come clean with the community to have any chance of rebuilding his reputation.
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My pledge still stands, but I must say I'm terribly uneasy about the fixed limit on the total eventual domain names. That pretty much guarantees that namecoin won't take over the world's DNS registration.
Other than that, I think namecoin is great!
I'll pay up, reluctantly but cheerfully, if bounties are being collected at this time, but I'll be much happier if the limit on total domain names can be removed.
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The price differences between the various exchanges can be quite big, so there's certainly an arbitrage opportunity. But the potential for profit is not as great as it may seem at first glance.
Apart from MtGox, the exchanges have very low volume. Usually you can't buy or sell many coins at these smaller exchanges without moving the price a lot. So the profit potential of arbitrage is not that high.
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Your client doesn't boast "hey, I generated this block", it just says "here's a block, accept it if it meets your criteria". The other nodes don't know whether you generated the block, or whether you're just passing it on from somewhere else.
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Nope. Holding, and will buy more if I get some more funds.
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i'm sure he wasn't hedged in any way. how could u be?
You hedge your own position by buying the coins when you guarantee the price.
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Yep, there it went, all the way down to uh, 8.2?
Well a single big seller did take the price down to 7.4 But just over 24 hours ago a single big seller took the price down to 6.51 (see the MtGox 48 hour chart). Looks like a general uptrend to me. It's back to 8.55 now anyway.
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How does one define "millionaire" in this context?
Use base units. A million of those equals 0.01 BTC.
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What is left is someone with less EUR in the real world that are now my EUR in the real world, and the number of his BTC on his screen increasing...
You're over-thinking this. Here's how it is: 1. Someone else wanted your coins more than they wanted their Euros. 2. You wanted someone else's Euros more than you wanted your coins. 3. No-one held a gun to anyone's head. 4. You're both better off, because you traded. Why sweat the meta stuff?
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I still think the most likely is that a browser window was left unattended while logged in.
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Due to the Bitcoin prices being so volatile I am unable to honor locked in trades at this time. I will still accept open rate trades. That's from the "Semi-automated Bitcoin purchase" page, so perhaps it is supposed to say "...I am unable of offer locked in trades at this time...". For those who paid the fee for the locked-in trade before the order process was changed, well of course there is an ethical duty for Bitcoin4cash to honor the locked-in price. I await madhatter's response. I've had good dealings with him in the past.
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Millie and Mike could even be friends with Bob and Alice
...and enemies of Fannie and Freddie.
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I think the reversal might be beginning ... Aaand resistance is broken
I would expect volume to be lower on the weekend, with less new money flowing in to MtGox. Mt Gox price increases have generally been volume driven, so no great surprise here. Wait till after Monday's trading to decide what's happening.
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Correct. Dollar parity is news for nerds, because it shows that digital codes can be traded for real money. It's a symbolic milestone. Any specific rate, such as $8.50 or $10, is interesting to Bitcoiners but not to Slashdot readers. Pizza Parity might work though. Say $25. Island parity would definitely make Slashdot.
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I can currently produce 1 BTC a day for the cost of around .7-1.3 EUR in electricity and sell it for 3-5 times as much. Where do the extra 2-5 EUR come from? Thin air? What special superduper service did I provide just by hashing and selling them?
The "superduper service" you provide is to generate coins for others. Not everyone wants to purchase, configure and maintain a mining rig, or has the knowledge to do so. The "extra 2-5 EUR" comes from the pockets of those who would rather buy than mine. They originally gained that 2-5 EUR outside the bitcoin economy, and they pay it to you. Unless you use it to buy bitcoins, you in turn spend that money outside the bitcoin economy. So it flows in then out. Those who bought the coins from you now have coins instead of whatever else they would have bought. You, on the other hand, now have whatever you spent your Euros on, instead of your generated coins. That all sounds fair and reasonable to me.
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Millies, as a friendly form of millibitcoins.
I like it because it goes with Mikes, a friendly form of microbitcoins, and someone is sure to do a nice logo of Millie and Mike.
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Yep. ASIC miners, because of their power efficiency relative to GPU miners, are sure to take over eventually.
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The Nixie tacho is so cool. I have a hunch that someone will start making new Nixie tubes again one day.
I don't suppose you have any experience with ASIC design? That would sure be useful to bitcoiners.
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I don't count as a geek then. I use a Pirate keyboard.
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