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3681  Bitcoin / Bitcoin Discussion / Re: Proposed Bitcoin Nomenclature on: May 15, 2011, 05:28:44 PM
Why a new name for every decimal point? That seems very troublesome. I’d even find Centibitcoins annoying. This is much simpler:

1.00000000 = 1 BTC = 1 (Bit)coin
0.00100000 = 1 mBTC = 1 Mill(ibitcoin)
0.00000100 = 1 uBTC = 1 Mic(robitcoin)
0.00000001 = 1 sBTC = 1 Sat(oshi)
3682  Local / Deutsch (German) / Re: Frage zur Wallet Sicherung on: May 15, 2011, 04:54:43 PM
In deiner Wallet ist ein keypool von standardmäßig 100 prägenerierten Adressen, die zwar (noch) nicht im Adressbuch zu sehen sind, jedoch in der wallet.dat sind. Generierst du also 100 Adressen, so werden intern 100 weitere erstellt, wenn ich es richtig verstanden habe, und du wirst dein Backup aktualisieren müssen.

In deinem Beispiel wären die 9 Bitcoins also noch vorhanden, weil du bloß 2/100 Adressen benutzt.

Ich persönlich halte es so, dass ich eine verschlüsselte, zweite Wallet für den Großteil meiner Bitcoins habe, die nur bei seltenem Bedarf ausgepackt wird.
3683  Economy / Economics / Re: please stop sating bubble unless you define/understand it on: May 15, 2011, 02:50:56 PM
23rd April, $0.58ish trades
May 11th+ $8.45 trades
 
1456.89% (14.5689 * 0.58 = 8.45) in the huge timespan of 3, not two weeks. Aren't you glad I checked.
I’ll nitpick even more: It was a bit under 2$ on April 23rd, so that’s a ~400% increase in three weeks. See here.

Anyway, I get your point. But what the hell do you expect? Bitcoin is a two years old obscure currency. It’s doing really well if you take this into consideration.
3684  Economy / Economics / Re: please stop sating bubble unless you define/understand it on: May 15, 2011, 01:48:44 PM
Find me a currency that is not broken that will fluctuate 600% within 2 weeks.
1) So Bitcoin is broken because the value is determined by supply and demand, and because you can’t control demand?

2) When did it fluctuate 600% within two weeks?
3685  Bitcoin / Bitcoin Discussion / Re: What to call 0.001 BTC? (5 BTC Bounty) on: May 15, 2011, 12:47:01 PM
mBTC - mills ftw! A single syllable and easy to understand.
3686  Bitcoin / Bitcoin Discussion / Re: What are the odds of the BTC reaching 20 USD this summer? on: May 15, 2011, 10:00:56 AM
All this aside, what is the maximum potential value of a BTC? (Let's say the debt ceiling stays at where it is for the US).

I've heard 650k for one BTC. Is that true?

In the Bitcoin-kills-governments scenario I think it's 1 or 2 orders higher. I would expect people to choose to hold a higher % of their wealth in cash (bitcoins) when it wasn't being debased and to be wealthier in general.
If Bitcoin kills governments, fiat money will be worthless, so its value should rather not be measured in USD. But I guess you are talking about the purchasing power of today’s USD.
3687  Economy / Economics / Re: please stop sating bubble unless you define/understand it on: May 15, 2011, 09:56:13 AM
Yeah. Bitcoins suck, you can’t do anything besides trading them! Angry I recommend instantly selling all Bitcoins you can get hold of since they have zero intrinsic value and will eventually be worthless.

Money is worthless!
3688  Bitcoin / Bitcoin Discussion / Re: So ... why hasn't bitcoin been slashdotted again? on: May 15, 2011, 09:36:39 AM
Yep, somehow a lot of people perceive Bitcoin as a scam. They cannot put a finger to it but it must be a scam somehow. This is particularly disappointing, because it is in my best interest to shut up. The later others figure out about Bitcoin the better it is for me (more bitcoins are mined by the time others wake up). But yet I selflessly WAS trying to let my friends know about it.

I am about to say "screw you all narrow minded fools" and switch into silent mining mode. If this is my last post on this board do not be surprised.
They’ll regret their ignorance when they realize how much wealth they would’ve gained. Cheesy
3689  Economy / Marketplace / Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company on: May 14, 2011, 03:13:14 PM
I deleted it because I figured my mistake, sorry. Tongue

My point is, if you would like me to invest Bitcoins, you have to make sure that I get more Bitcoins out of it. The appreciation in terms of purchasing power is useless here, as I would be better off if I just hoarded. It would help reinvesting in mining hardware though, increasing Bitcoin generation … I guess I’ll just wait until I see some initial results before purchasing shares.
3690  Other / Obsolete (selling) / Re: Picture of 18YO (ubitio.us, NSFW) on: May 14, 2011, 12:58:53 PM
Here for free: https://www.tineye.com/search/f8f33dfa26611f9baebd8b852b57162cd422af84/
3691  Economy / Economics / Re: bitcoin market cap: $50 million on: May 14, 2011, 04:44:26 AM
I’m still not comfortable with this kind of price increase. Don’t you think this will reverse before it reaches 100 million?

Anyway, it’s an impressing number. I remember when that wasn’t even a million …
3692  Economy / Marketplace / Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company on: May 13, 2011, 03:58:53 PM
I’ve noticed your calculation for 50 shares is wrong, it should be 14.8 BTC.

An 15% investment in growth per month seems low to me, as the difficulty is rising much faster. Could you provide an update of those numbers with current exchange rate and difficulty?

Also, a projection of 1) difficulty and return of Bitcoins and 2) more details on future competitiveness (others have advantages such as free electricity or power-efficient custom hardware) would be interesting. Perhaps upgrading to a location with lower electricity costs, more efficient hardware etc.

Thanks for doing this, I’m definitely interested in investing in such a venture. My only real issue here is trust, as you aren’t very reputable on this forum yet.
3693  Bitcoin / Bitcoin Discussion / Re: Are Bitcoiners Primarily Male or Female??? on: May 13, 2011, 02:19:14 PM
LOL 100% MALE
Ahahaha. Screenshotted.

3694  Economy / Speculation / Re: Are YOU buying bitcoins? on: May 13, 2011, 01:22:53 PM
Yes, I have bought some. Because I believe it will rise much further, even in the short term.
3695  Bitcoin / Bitcoin Discussion / Re: Bitcoin Prices over $7 up to $8/BTC! on: May 13, 2011, 01:21:10 PM
12$ by tonight.
3696  Bitcoin / Project Development / Re: Big Bounty: 1,000 BTC (One Thousand BTC) Shared Among A Small Group Of Writers. on: May 13, 2011, 01:17:14 PM
Did anyone understand what the hell this is about … ?
3697  Bitcoin / Bitcoin Discussion / Re: Are Bitcoiners Primarily Male or Female??? on: May 13, 2011, 11:22:05 AM
Your poll excludes people who are intersex.

I thought about that, but then thought given the ratio of intersex peoples to the general population multiplied by the ratio of bitcoiners to the general population, I figured more people would use it as a joke than realistically.
BUT THAT’S RACIST! Angry
3698  Economy / Marketplace / Re: Bitcoin is not used as money anymore on: May 12, 2011, 03:40:57 PM
I see that people are not using bitcoin as money anymone. Nobody really buys things with them, most of trades are MtGox trades.
Evidence for this? I see more trades for real goods on this forum than ever.

Reminds me of the "deflationary spiral" argument – people won’t spend their money because it’ll be worth more. Nonsense imo, as there is a negative feedback response when people stop spending their Bitcoins: the economy shrinks and therefore demand shrinks too.
3699  Bitcoin / Project Development / Re: Human Bitcoin Video Competition (Bounty: 100BTC) on: May 12, 2011, 09:05:27 AM
This one doesnt really explain bitcoin....

http://www.youtube.com/watch?v=XjvNvfqaz2o

hint - boobcoins.
Awesome.  Grin Has she got an address?
3700  Bitcoin / Development & Technical Discussion / Re: Maximum number of bitcoins on: May 12, 2011, 08:40:02 AM
What the hell is complicated about 0.001 BTC = 1 mBTC and 0.001 mBTC = 1 uBTC?

I refuse to believe that anyone would be too stupid to get this, even most Americans. It’s damn simple.
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