Interesting concept. This part makes me wonder: II.2. The Rota supersedes the jurisdiction of any other court, institution, group, organisation, corporation, reigning monarch, city fool etc. So you are saying that you are above everybody else, a sort of world supreme court? If this works out well, will you try to get the UN to implement a similar system? I get the idea that this system only works for people who are already in the web-of-trust? |
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I may try to get a loan from the bank to buy his license and car. But iam not sure about it. Beeing self employed is a lot of woork! But it would be cool to promote bitcoins with it. I could advertise with door covers (image -> http://www.taxiwerbung-europe.com/upload/meine_bilder/werbearten/taxi_doorcover01.jpg ) + #freemoney. Yes I have a loots of customers so I have to solve this problem quick. A lot customers call me directly on my mobile phone Then negotiate with the guy who is selling his license for a final price, conditional on your abliity to secure a business loan, write up a business plan (there are simple examples online that you could adapt in an hour) and take it to the business branch of your bank. Show them your conditional agreement, your business plan (no need to mention bitcoin, that would just muddle the waters) and your history as a cab driver. Be quick about it. Ill try but I dont think that the bank would give me such a big loan. If the bank doesn't want to give you the loan, you could write up a bond for one of the exchanges: cryptostocks, btct.co, MPEx, etc. This should be an obvious way to get funding for a business which accepts bitcoins. |
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It's happening right now!  What? Really? I don't see anything? |
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What’s more, we don’t store any sensitive information on people’s phone; it’s all on our secure servers, which use SSL/TLS encryption. And this suppose to be an advantage?  I guess if you are worried somebody is going to steal your phone and get all your personal info off it, then this would be an advantage. But I would suspect identity theives are more likely to hack the server database (or the government will demand the data from the server host). It just depends on who you are trying to guard your information from. |
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I don't think this kind of "HAHA I STOLE YOUR COINS AND BLAMED THE GOVERNMENT FOR IT" stuff is going to stop until someone gets the shit beat out of them.
How would that help? The people who have not been assaulted will still try to rip you off, and the one who you assaulted already ripped you off, they wouldn't be doing it a second time anyway. |
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People here are mostly no fans of standards and rules and stuff.
Yeah, that is why they use the bitcoin standard to enforce the strict rules of this monetary system? Accountant: I agree that there is a serious lack of standardization for bitcoin businesses, and some of us have been saying that for quite a while. There is no reason that a business using bitcoins should not use the same accounting methods as everybody else. |
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My biggest doubt about bitcoins is due to their savagely hard deflationist nature: going on, spending and especially investing will be reduced at a minimum if at all, while their fiat price will swing between speculative booms and reality-based crashes, but ultimately is going to crash and stay crashed, since if everybody hoards them (because is definitely the most profitable thing to do with them), there will be no much real economy around them apart from the drug market.
Over time the price will stay relatively constant, or rise only slowly. Even when the price was doubling every week last year there were plenty of people willing to spend their bitcoins. I'm also liking this. It reminds me of another fledgling project I've been involved with coming up five years now where those involved are asked not to involve the media, not to show its benefits to celebrities or do anything else that might draw too much attention too soon. For both Bitcoin and this other project the longer we can give ourselves to keeping steady and manageable growth via word-of-mouth, to fine-tune the technology and to prepare for a rapid escalation, the higher the chances if and when the tsunami of interest happens that they will, rather than getting crushed by the wave, be able to ride it to a brighter future Could you tell us what this other project you are involved in is? Btw, does anyone know why there is no Digital Silk Road that lists goods such as music and movies?
You could use bitcointorrentz.com to get music and movies. Sometimes books, music and movies can be found on bitmit.net. There is also CoinDL.com for that sort of thing as well. |
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Holding him to that would kinda feel like taking advantage of someone with downs syndrome.
I agree, but closing this thread and making him use the normal lending forum to request loans would be a reasonable alternative as would not allowing him to use a "business" thread as a soapbox for attention-whoring and evangelising. This thread has gone so far off the original topic, I think the whole thread should be moved to the "off-topic" subforum. |
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It depends on your definition of "really comfortably". I live in Michigan, my family lives comfortably on about $20 per day per person.
Yeah, that's what some people here seem to miss. 4 person family living off of $120 dollars a day (or $80, someone mentioned a family spending $20 per person) and already owning a house is not the same as living alone with $30/day and not owning a house (especially in countries with a very high HDI and trying to live the aforementioned 'resort style living'). The amount I stated includes renting a house. Then that's not bad I guess... I thought US was more expensive It depends on how you live. My sister-in-law and her husband live on about $70 per day per person, have a housing cost less than half mine, but still complain about being out of money every month. |
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They probably don't even know that you can buy shares of S.Dice which controls satoshidice.com. They value they assign seems to be correlated to the global activity of the website, not the underlying service or stock. It is more of a "How much is advertising on satoshidice.com worth", rather than "how much is the company satoshidice worth".
"How much would a website with this level of traffic be worth if our assumptions about how we measure traffic, how ad revenue relates to that traffic and how company value relates to ad revenue are correct?". Or something. Yeah, they know nothing about the revenue of the business behind the site. Not only that, but putting a price on a website based only on the visits it gets is tenuous at best, since if you bought the site from the current operators, all those visitors are not going to keep coming and using your new site with the old name just because it has the same name as what they used to use, they will treat it as a new site and reconsider whether to use it or not. |
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It depends on your definition of "really comfortably". I live in Michigan, my family lives comfortably on about $20 per day per person.
Yeah, that's what some people here seem to miss. 4 person family living off of $120 dollars a day (or $80, someone mentioned a family spending $20 per person) and already owning a house is not the same as living alone with $30/day and not owning a house (especially in countries with a very high HDI and trying to live the aforementioned 'resort style living'). The amount I stated includes renting a house. |
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Aren't they too optimistic? Not if you consider the fact that there are over 960 usd of bids for s.dice and value things at what people will currently pay for them. They probably don't even know that you can buy shares of S.Dice which controls satoshidice.com. They value they assign seems to be correlated to the global activity of the website, not the underlying service or stock. It is more of a "How much is advertising on satoshidice.com worth", rather than "how much is the company satoshidice worth". |
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What am I gonna do? Profitability is gonna go down the the drain!
Well, a bunch of people are going to drop out because they can't mine productively, so the difficulty will drop. Then you just keep on mining and you will be all set. |
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Having a discussion with a friend and we are now trying to find places you could live really comfortably on $30 a day.
Anyone out there done a lot of travel? Lemme know where someone can make the most of their money.
It depends on your definition of "really comfortably". I live in Michigan, my family lives comfortably on about $20 per day per person. |
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If an exchange doesn't allow unfunded orders and publishes the book, then inferences about the real market depth and stock liquidity can be made. If an exchange allows unfunded orders then practically it might as well not publish the book, seeing how it's largely meaningless.
Yeah, that wouldn't be very smart. Did you have a particular exchange in mind that does that? I don't think I've ever seen any that do. Deprived is correct, on BTCTC orders in the book are backed by currency as of the moment you load the book. You could fill the entire book in one direction or the other if you really wanted to. Cheers. The original GLBSE allowed unfunded orders. You could literally put up as many orders as you wanted, and the orders which you couldn't afford would just disappear when somebody tried to sell into them. |
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Bitcoin will be black swan even for most of bitcoiners who use it today
Like... a black swan as in a sudden upward spike or a sudden crash? whatever you're not expecting. thats what a black swan is so if you want it to go up, expect it to go down, convince yourself  I am not sure if you are using the term "black swan" correctly. A black swan is not just something unexpected, but something which is believed impossible because every other example is different. Something which can not happen because it has never happened before. Until it does happen, which proves everybody wrong. |
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Why do you guys keep calling bitcoin a currency? It is not a currency. Bitcoin is a secure, cheap and relatively fast way to transfer any currency (in theory) from point A to point B. As I have mentioned multiple times before, calling BTC a 'new internet currency' or currency at all, is probably the biggest PR fck-up so far. Merchants do not want new shiny "internets currency" and all the technobabble. They need a break from getting ripped of by banks and "new currency" is a pair of words that sound like "more water!?" do a drowning man. BTC is a way to transfer EUR/USD/etc. from you to merchant or to anyone else. Yes, the BTC-FIAT is real PITA but hopefully this gets better or becomes unneeded. You want BTC to be noticed more? Talk about it as a replacement to bank transfers, VISA, MC, AMEX and those silly paper things you guys still use over there My point is, comparing BTC to currency is a bit pointless. Comparing it to money transfer mechanisms like VISA or flaky Paypal make way more sense. Bitcoin is many things, and to each person it will serve a different purpose. You are right, we should spend more time talking about how it is a better way to transfer money than the status quo. But it is also a way to save value for later, and people can use it as a currency if they want. Bitcoin is so new and different it is hard to fit it into one category. |
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Bought in @ $6 because i liked the stable price of bitcoin, while € was really weak.
I should throw a party for breaking $13, but I'm to confused to be pleased with the development.
I simply do not understand whats driving this price.
Bitcoin has been in the news a little because of the reward halving. This may have driven some interest. That might explain why it has moved up recently, but you responded to a question about the movement in august, which should have a different explaination? |
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My question is by owning shares in them should you have unlimited liability if the operator goes rogue ?
I have not heard of any examples of people trying to get money from shareholders? Your loss is limited to the amount you put in. |
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Nov 25 / 12:00pm
More lists coming out tomorrow
by James McCarthy
I'll be sending out updated lists by tomorrow afternoon.
Ther will also be some new lists sent out for some issuers.
Got a lot of email over the weekend, if I've not replied please bear with me, I'm a bit snowed under.
He already gave out a couple of lists worth some days. Taking out the last weekend he isnt way too behind his plans. I hope its this way... at least he is still in contact. He said he was going to send the lists starting with the biggest in descending order. Yet some smaller offerings than ASICMINER have already gotten te list..... Life would be a lot easier if Nefario did as he said... This depends on how the size is measured. Is it the total amount invested in the company, or the total amount traded, or the number of shareholders, or the number of shares? Each of these measurements would make a different order. |
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