Suppose a Bitcoin clone with little to no changes would startup tomorrow. Would miners switch?
I think they would, because early adoptors had (and still have) a big advantage with the current inflation model.
During the first year about half of all currently existing bitcoins were mined, while there were practically no transactions, and almost none of it has been spend.
Why would late comers simply accept this? If you newly learn about Bitcoin, you'll always have an incentive to start from zero.
Unlike gold, bitcoin is not unique and was never intended to be.
I'm not arguing on economic grounds, and do support the austrian school, so please don't restart the old inflation vs. deflation debate.
It's about sustainability of continuous network growth, which seems to need an equal playing ground in time.
The reason bitcoin is not a ponzi scheme is that the dollar value of your bitcoins is just an indicative valuation based on mtgox's recent transactions. There is no certainty that you will definitely be able to sell your bitcoins for any amount of dollars. The difference with a ponzi scheme is that people receive statements quoting the amount of dollars that they're supposed to have, but don't exist. |
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Would anyone buy cigarettes for bitcoin ? Not that I would buy or sell them - I dont smoke either  If the price were competitive, I'm sure people would.. |
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A start in the right direction, thank you mizerydearia. It's more of a self-service ad brokerage. I'm looking for something like a CPA network that'd pay me via BitCoin. Do you have large traffic volume websites? Maybe some traffic broker companies would be willing to intermediate such a transaction.. |
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Seems to check out through here: https://secure.utah.gov/bes/actionI don't understand why you guys are NAICS code 5313, though I don't really understand what sort of regulation you are dealing with. Good luck, I've been looking forward to this. One of the top google search results is for bitcoin usa is this thread; "Bitcoin domain name land grab is on" - https://www.bitcoin.org/smf/index.php?topic=1829.0maybe they figured bitcoin was some scheme for speculating on land prices... |
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14 hours and there has been zero response regarding purchase (aside from the Confirmations my BTC were sent)
I realize it's been a very short period of time, but any sort of acknowledgment would be nice.
It's probably better to keep communication to a minimum. maybe some kind of tracking number you can use to see if they've dispatched the order yet. |
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I was really impressed with the job Anonymous did on HBGary Federal. Could they help to propagate Bitcoin? Could Anonymous find Bitcoin useful? Stupid question? We could always move the thread to off-topic and just talk about Anonymous.
I noticed that http://www.anonnews.org/ is accepting bitcoin donations. |
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The change hasn't been reverted. The server's PTR is still irc.lfnet.org as it has been since I changed it before.
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You may have trouble using a US card in the UK and Europe, since US cards (still) don't have chip and PIN, and shops may be reluctant to do signature transactions, or may ask for a photo ID.
most shops won't care at all. their machine tells them 'signature required' they ask for a signature. that's the entire thought process. |
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Deliberately last minute, can we get a Sunday breakfast meet together in or around the Square Mile in honour of the financial theme?
Only just read this.. maybe some other time?  |
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True. I guess Sirius can do it, then, if he can run SMTP on his server. A simple option might be to port forward port 25 to another mailserver. ssh -L0.0.0.0:25:smtp.somewhere.com:25 user@localhost saves setting up smtp on the vm just to receive one email. |
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I will give 5 BTC to the individual that can identify all of the Microsoft email/messenger addresses. You know, like @live.com, @msn.com, @live.co.uk, etc. I want a list of them all (foreign and domestic) posted here. The first person to complete this task sufficiently will receive the BTC. Thanks!
Is it not the case that you can use any domain for messenger? |
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This looks to be only the server. On my system the only binary included is /usr/bin/bitcoind. It would be nice if the graphical interface would be included as a Debian package too.
The problem with the gui is that it depends on a new version (2.9) of the WxWidgets library for which there is no package. So yeah.. hassle the wxWidgets guys to update their package and then maybe it will happen.. |
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Don't forget the risk of theft. Backups won't help if your coins get spent. Best to split off some of your coins to long term savings, transfer them to a separate wallet, securely back up that wallet, and securely delete it. Unfortunately this isn't easy with the current client.
This is why full hard drive encryption and off site encrypted backup is the best way to go. Print them out and put them in a safe; http://bitcointalk.org/index.php?topic=3716.0 |
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This is awesome =)
I really like the idea of printed bitcoins.. if only as a reliable backup mechanism.
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So what does that mean for Bitcoin loans? Where would the money come from to pay interest?
The loaner would have to pay it to the person who they were loaning the money too in return for services offered. It doesn't have to be the same loaner but basically the loaners need to spend their money into the economy.. they basically get free services in return for loaning. |
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Hi, I am an Amway Global Independent Business Operator.
I have heard there might be a demand for products and services buyable with BitCoins.
Do any of Amway Global's product and/or service offerings fit any such demands?
If so, I am open for offers denominated in BitCoins...
-MarkM- (In business as Digitalis Data Services since 1980 but as Amway IBO only since hmm not sure but less than a decade I think.)
Heh. Hi Mark. I was round at your flat on Bilby Street for an nSLUG event many years ago |
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Hello, This week-end, the FOSDEM will take place in Brussels. This is the biggest european open-source meeting (more than 5000 developers are expected). http://fosdem.org/2011/Will there be any bitcoin fanatics there? Anyone want to hold a bitcoin discussion in some room? It would be a good idea to propose a talk about bitcoin next year. perhaps someone could arrange to sell beer tokens for bitcoins? http://www.fosdem.org/2011/beerevent |
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Adding and subtracting electrons is easy, it's the removal/addition of protons and neutrons that's the tricky part  It can actually be done, but it requires a particle accelerometer. Also, if you detonate a H bomb next to a kilogram of lead, I guess you might create a few atoms of gold. It might happen one day.. see what they say about silver; Silver is produced as result of nuclear fission in small amounts (approximately 0.1 %). Because of this, extraction of silver from highly radioactive fission products would be uneconomical, but when recovered with palladium, rhodium and ruthenium (price of silver in 2005: about 200 €/kg, rhodium and ruthenium: about 300,000 €/kg) the economics change substantially. Silver becomes a byproduct of platinoid metal recovery from fission waste. if you're reprocessing nuclear fuel anyway might as well try and get everything out.. I doubt large amounts of any element will ever be derived from this source (spent nuclear waste) but it seems that it is possible to do it profitably. |
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