Is it in the dictionary yet? I'm sure its spreading use will soon justify an entry. What are the conditions to get it in there?
What do you mean by "the dictionary"? There is not one central dictionary. Each one has their own rules. |
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Hoarding bitcoins=Good for you, Bad for the Bitcoin currency, Wich is what your hoarding, So you devaluing what your trying to hoard, By hoarding it.
AKA, Bad for you in the LONG run. AKA Bad for bitcoin in the Short AND long run
Once one guy "dumps" his coin stash into the market, People will go "OH NO ITS CRASHING, I HAVE TO SELL MY STASH TOO!"
And Boom, There goes the bitcoin value. But theres a big differance between Hoarding and Saving
In a mature economy, that will not happen. One guy "dumps" his holodings (maybe he wants to put a down payment on a house or for some other reason needs to use his savings), that will influence the price downward, at which point other people say "Wow, bitcoin went down, I'll grab some". So the price of bitcoins gets bid back up. When the bitcoin system has a balance of "hoarders" and "day traders", the price will remain relatively stable. |
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Congrats to Cacascius  Donating to that coin and pointing it out, will make them understand Bitcoin better.
Its an eye opener
Maybe it's address could be added to the OP here: https://blockchain.info/address/1NyVMo79Vanhbu92MpPQgCbu9MDV5a4NhWIt would be nice to get it to 10 btc at least for starters & micro donations are cool so as to show them that's possible which none of their other exhibits can do. But donating to that coin does not help the museum any (other than it gets a more and more expensive display piece). To use any bitcoins donated to the coin on display, the display would have to be taken down and the coin opened to get the private key inside. |
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You have an interesting view on history. Blame the USA for anything if it makes you feel better... but the fact of the matter is: A fertile land, founded on liberty has the potential to raise great and terrifying harvests.
The USA has generated greater good than any other nation on earth. See the internet, which is without a doubt the greatest tool to promote freedom that has ever existed.
Sure, the US has generated great things, but recently we have a history of smashing up other peoples countries. Just think how much better things could be if the US was more cooperative and less hostile! |
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I bought MS-Office :-D
Why would you buy that when you can get OpenOffice for free? My first bitcoin I invested on the GLBSE. |
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My Casascius Coins website issued a payment address starting with"1Fake" and the customer did not know if he got a real or a test address. Suspicious, he redid his order and paid the new (non-1Fake) address he was issued, then wrote to tell me about it. The 1Fake address was a real address and a genuine coincidence.
Can I buy this address off of you? Why would you want his Fake address, when you could just use a vanitygen to get your own Fake address? |
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I saw one listed on bitmit.net, you guys might want to check out that site.
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last year I got about 10% of my income as a tax return
You should probably increase your exemptions. Otherwise, you're just giving the government an interest free loan. I've got my exemptions cranked up as high as they can go. I just have a combination of a moderate salary and a larger family, not much more that I can do. |
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The Bitcoin system has been criticised by some people for facilitating money laundering, since payment transfers can be conducted anonymously. The same thing could be said for USD, GBP, EUR, or any other form of cash. The difference with bitcoins is that with bitcoins you can make the transfers over long distances more easily. |
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because they are the cash for digital age.. and they gonna replace ******* banks in near future
I do not think banks will be completely replaced in the near future. There is more to banks than just what bitcoin does. |
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Well, this time around, they proved they don't count any votes that aren't for establishment people and in some places, establishment chairmen just used hired armed thugs from the state police to keep their positions illegally after being voted out.
So.....I hope so, but I'm fairly disillusioned at this point.
I was surprised by the amount of anti-democracy going on in the Republican primary process, in multiple states. (Not against the democrat party, but doing things against the vote of the electorate). One or two isolated instances might have been understandable, because some people are corrupt, but this seems to be happening across a wide swath of the country. |
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I can't pay taxes with it. I can't fund my credit card with it. Why do people value Bitcoins at $11 a piece?
Three things: 1: I would give somebody $11 for 1 btc because I think the btc will be worth more in the future than the $11. 2: I can give somebody the bitcoin and get $11 worth of value back. (Or better, depending on where you go. Recently purchased some books on BitMit.net for less than 1 USD worth of BTC, those same books would have cost me $32 on Amazon.com) 3: There is more to life than taxes. I rarely send any money to the government at tax time (my employer and government work together to take money out of my paycheck and then each year I have to ask for the extra back, last year I got about 10% of my income as a tax return). |
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Is it too early to start pushing a Rand Paul/Justin Amash ticket for the 2016 republican president/VP slot? Does paul have a chance of getting more respect from the establishment than his father did?
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It seems dangerous to me long term for a currency to be both. If Bitcoin weren't used as a currency there would be no demand for them. They are not useful for anything else. Thus they would be of no interest to an investor. Really, it has to be both. It is useless as a currency if it has no value, it will hold no value if it is not used as a currency. |
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I do. And I already replied to a similar question on the first page. So, are you also taking about the creation of some promissory notes or IOUs that are "backed" by deposited BTC?
Because with "real" BTC you can't make 12,000 out of 10,000.
Why does it matter if they are real bitcoins, or a system of credit built up on top of bitcoins? |
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Any time there is an entity with more than one or two deposits, it's possible to engage in fractional reserve banking. If they have BTC10,000 worth of deposits, they can easily loan a business BTC2,000 because it is unlikely that all of their depositors will withdraw their total balances at once. So in essence they just created BTC2,000. Their depositors "own" 10,000, and the business that borrowed has 2,000. Hence, credit.
Nope. Depositors own 8,000; the business has 2,000. You can not create credit with BTC because you can not spend money that you don't have. Each transaction will remove btc from your wallet and add it to someone else's wallet. You don't seem to grasp how fractional reserve banking works. When the depositor deposits btc to the bank, the bank now has the btc, the depositor owns imaginary btc, call it iBTC, which cannot be sent through the blockchain, but is still an asset. Now the bank lends the btc to a loanee, sending the btc along, and the depositor and the bank now both only have iBTC, the loanee has the actual btc. |
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Or you're talking about the creation of some paper IOUs that have BTC value? Err, isn't that creating a new currency then? Let's call it USD It's like going back to the flawed system that we have now. Indeed, fractional-reserve bankster paper did seem to make sense 100+ years ago on the basis that gold was (is) heavy and awkward to move around. Today, however, paper is not easier to shift than BTC so that logic largely no longer applies. Nonetheless, theoretically there is no reason why people couldn't agree to trade BTC promissory notes if they really wanted to. People are already able to trade MtGox redeem codes rather than btc. Does that fit under the btc promissory note category? |
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There are so many ways in which the GLBSE shutdown could have been handled better. I just hope they get around to wraping this up soon.
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I guess in theory, it could have been a cop or family friend who'd scared off the intruder and come to check she was OK. No harm, no foul in my opinion though.
Obviously, if it was a good guy, they would call out to her to find her. |
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Hey dank, have you read "the seven habits of highly effectice people" yet, like I suggested?
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