I am relatively new to Bitcoin, but already it has enabled me to meet loads of nice people, and opened up a career(not really a career, its in my spare time) in writing, and even writing for Bitcoin Magazine  |
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"Easily divisible."
Is this really a problem? If I have $1000 in my bank account, I can write checks for $700, $200, $118.27, etc....It's a feature of digital cash that physical cash doesn't have (I have to get someone to exchange it) but it doesn't seem to be a problem online.
I have 10BTC in my wallet. I can spend 1.45743878, but you would just be able to spend 1.45. Also, I never said it was a problem with the dollar. It is just a feature of Bitcoin which is benificial, and better than the dollar's division. "Decentralized, so governments cannot print more." What you're talking about here is inflation resistance. Hayek's currency competition. The question is whether there is demand. Certainly looking at the price of gold recently suggest that there is though it may be more people seeing gold as a good investment and not necessary running from the dollar. Generally people are stupid. Especially when it comes to math. http://www.economis[Suspicious link removed]m/node/21557801?fsrc=scn%2Ftw_ec%2Fsomething_doesn_t_add_up Most people don't view the dollar as decreasing in value so much as the price of gas going up. If they don't know what the problem is, can the really be thought to seek a solution? "Little or no transaction fees."
USD has no transaction fees, though it requires we be in person. I think what you really mean is low transaction costs. While the future may hold this, at present, for the vast majority of consumers, the transaction costs are in the conceptualization of Bitcoin, the difficulty in conversion and the transaction costs associated with exchanging fiat currency for Bitcoin. Certainly low transaction cost are good for small payments, but the mental transaction cost usually have been the impediment to adoption of micropayments.
Well, there are fees for buying Bitcoin. But fees are low for transferring Bitcoin, and need not be in person. "Secure with military grade encryption."
Obviously a feature but is insecurity really a feature? My credit card is fraud protected for anything over $50. I generally don't worry about money being stolen out of my bank account without some means of recovery. I don't think most people will view this as a problem needing to be solved. Reasonable security is ...well ...reasonable.
What if your notes are stolen? Bank details taken off your computer? Transaction reversed? Given, Bitcoin has security issues with malware too, but I personally think Bitcoin is the safest of the two. |
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Decentralized, so governments cannot print more.
Little or no transaction fees.
Secure with military grade encryption.
Easily divisible.
Many other points exist, but those are the main ones for me.
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To be honest I don't really care where the hashes come from, I just think the more hashes the better security the network has.
Mystery miner is my only exception, though, because they have 1.3TH and don't accept transactions into their blocks, making just over 1/10 of all Bitcoin blocks without transactions.
How is that even possible? It is possible with some modifications to the code, I'm not too sure how. Have a look at this thread: https://bitcointalk.org/index.php?topic=67634.0 Though it looks like recently he has stopped? https://bitcointalk.org/index.php?topic=87185.0Somone on the second thread made a good point that the network hashrate has stayed the same even though he has stopped, so he's probably in a pool. Deepbit's block solving rate also went up. |
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I first heard of it when I friend of mine said(jokingly) that he could get anyone assassinated for 6BTC on silk road. I asked what it was and he said that it was an online currency that nobody uses. I googled Bitcoin..I have not slept since.
:3
How did you first hear about Bitcoin?
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To be honest I don't really care where the hashes come from, I just think the more hashes the better security the network has.
Mystery miner is my only exception, though, because they have 1.3TH and don't accept transactions into their blocks, making just over 1/10 of all Bitcoin blocks without transactions.
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With that payment system they have, where you can top up your phone or buy online giftcards and things like that.
Payzone? I think that's it. Can you buy btc from payzone?
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We knew it was with dwolla, but I never heard the two million.
I doubt the two million bit is true.
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:/ With so many 1th rigs, someone can easily spend around 200k dollars and 51% the hell out of us.
BFL has stated that they will refuse any orders that are in danger of giving 51%+ to any individual. You could reject that as BS, but BFL does have a vested interest in Bitcoin, so I doubt they are lying about this. So basically its one per address. What if I ordered one to 10 of my friends addresses? How would they know it would be all me? I would order from their house and everything. All I hope is that they have a few 1Th rigs themselves and will mine with them if anyone starts an attempt to %1%. I think they're gonna ship out smaller items first, to raise the network hashspeed before they ship out a shitton of 1TH units. They have also said they don't want any one person (or group of people) profiting any more than another (within their customer base - if you're not a customer, then you're SOL). They don't want it. They wouldn't know if it was from different ip's to different addresses. |
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:/ With so many 1th rigs, someone can easily spend around 200k dollars and 51% the hell out of us.
BFL has stated that they will refuse any orders that are in danger of giving 51%+ to any individual. You could reject that as BS, but BFL does have a vested interest in Bitcoin, so I doubt they are lying about this. So basically its one per address. What if I ordered one to 10 of my friends addresses? How would they know it would be all me? I would order from their house and everything. All I hope is that they have a few 1Th rigs themselves and will mine with them if anyone starts an attempt to %1%. |
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:/ With so many 1th rigs, someone can easily spend around 200k dollars and 51% the hell out of us.
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Default admin password bro lol I got in with a fucking default admin password ... changed all those dicks passwords once I gained admin, so they couldn't get back in lmfaoooo These guys are fucking idiots. I also am the guy who Intersango gave 612 coins to on accident I sincerely doubt that. Me too, seems like David_Benz is trolling. Well I just reported, ill let the admins sort this jerk out. Kinda odd to ask for the ban hammer, like he has some power to take out bitcointalk.org.  What do you mean? I want him to ban david because he is ageist, claiming to be the bitcoinica hacker, calling the forum users nerds.. What, now you guys don't claim to be nerds? lol You guys are getting soft. Calling you a nerd makes you go tattle tale to the admin? What, are you 12? I don't really care about any 'nerd' label, its more that you were using it to taunt. Also, I saw that as least significant so put it last. You avoided the other two points, and proceeded to attempt to insult me instead of proving me wrong because you knew that you couldn't beat them. I am done with this thread, I don't want to get involved. The admins wll be here soon. |
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What do you mean? I want him to ban david because he is ageist, claiming to be the bitcoinica hacker, calling the forum users nerds..
Benz asked for the ban hammer after you stated it. Benz asked for the ban hammer. That's odd to me. Oh sorry, I must have misunderstood you |
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Default admin password bro lol I got in with a fucking default admin password ... changed all those dicks passwords once I gained admin, so they couldn't get back in lmfaoooo These guys are fucking idiots. I also am the guy who Intersango gave 612 coins to on accident I sincerely doubt that. Me too, seems like David_Benz is trolling. Well I just reported, ill let the admins sort this jerk out. Kinda odd to ask for the ban hammer, like he has some power to take out bitcointalk.org. What do you mean? I want him to ban david because he is ageist, claiming to be the bitcoinica hacker, calling the forum users nerds.. |
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Default admin password bro lol I got in with a fucking default admin password ... changed all those dicks passwords once I gained admin, so they couldn't get back in lmfaoooo These guys are fucking idiots. I also am the guy who Intersango gave 612 coins to on accident I sincerely doubt that. |
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He's not Atlas, because he claims to be Atlas.
Where's Matthew when you need him? Counter trolling is in order!
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Maybe the admins should lock and stick this thread - call it "The thread where David_Benz trolls BFL and gets OWNED."
+1 PLEASE ... ban me lmfaoooooooooooooo
I beg you.
It would do the forum some good |
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