I would suggest first viewing Andreas M. Antonopoulos' presentation to the L. A. Bitcoin meetup in its entirety. He explains why blacklists, whitelists etc as is being proposed in this thread will destroy Bitcoin. https://www.youtube.com/watch?v=bTPQKyAq-DMThis proposed fork together with "Coin Validation" belongs in the trash heap. Edit: Will Zerocoin work for the large number of coins the US Government holds? The above is a verbatim copy of my reply to this thread https://bitcointalk.org/index.php?topic=412041.0;all It applies equally to this other proposed fork. Regardless of whether it is the state trying to freeze coins or those who hate the state trying to seize the state's coins the answer in both cases has to be NO. |
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I would suggest first viewing Andreas M. Antonopoulos' presentation to the L. A. Bitcoin meetup in its entirety. He explains why blacklists, whitelists etc as is being proposed in this thread will destroy Bitcoin. https://www.youtube.com/watch?v=bTPQKyAq-DMThis proposed fork together with "Coin Validation" belongs in the trash heap. Edit: Will Zerocoin work for the large number of coins the US Government holds? |
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A floppy cable with connectors for 5.25in floppy drives.
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There seems to be an opportunity here for a business to facilitate the payment of both state and federal taxes with Bitcoin.
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I would not be surprised if the government in Argentina would come down hard on Bitcoin, just as is the case with USD, since it is for all practical purposes a "harder" currency than USD. The more interesting question from a price perspective is the "parallel", "grey", "blue" or "black" markets for BTC and how they will interact with the corresponding "parallel", "grey", "blue" or "black" markets for USD.
Edit: They could simply follow the proposal in Switzerland and treat BTC the same as USD.
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One who buys only 900 USD worth of merchandise with 1 BTC obviously does not believe that 1 BTC will be worth 10,000 USD in 2015...  Sorry, something like this is commonly said but it does not make any sense. $ and bitcoins are interchangeable. You can simply buy more bitcoins after spending them, to get your desired investment level. Using that logic it does not make any sense to buy anything with dollars or any other currency, as you could put that money into bitcoins and it will be worth more later. But clearly people need to spend in the meantime, and the only difference is that its easier to spend with bitcions, and your supporting the economy I agree with this but it makes more sense to buy the additional BTC before spending the BTC in order to hedge the short risk. One way to do this is to deposit fiat in an exchange first, and then buy the BTC just before the ecommerce purchase. |
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No, very bad idea, will cause mass confusion. 21 million is part of the story. Do this you kill it.
Further using mB, uB and nB serves 3 purposes
1 causes people to realise how valuable a bit coin is and
2 how much is has evaluated, in easy comprehended numbers, 10, 000
3 leaves them free to use whatever scheme they want
4 the have to learn a little bit of SI
5 since micro soft most know "micro"
6 Milli is common eg mm
7 nano is fairly well know since nano tech
so defn do not do this its a sill idea
if you really want to you can use satoshis
I agree. With 1 USD currently worth about 1 mBTC or 100,000 satoshis and 1 oz of gold currently worth 0.8 BTC using satoshis as the unit is actually starting to make sense. This thread is from 2011. Let us wait a couple of years and see what happens first. Edit: Using nBTC would require a hard fork, increase currency divisibility, since 1 satoshi is 10 nBTC. https://en.bitcoin.it/wiki/Hardfork_Wishlist#Currency_changes |
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A really dumb move on the part of the Singapore tax authorities. They may think they understand Bitcoin, but they do not understand how a GST or VAT works. What is to prevent someone who is not registered for GST from purchasing BTC abroad, thereby avoiding the GST?
Edit: They have turned Bitcoin into the perfect instrument for tax avoidance.
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The key difference between Bitcoin and Ripple is that governments will regulate the issuers of Ripple IOUs as money transmitters particularly if these issuers get large enough so that their IOU's are widely trusted. With Bitcoin there in no one to regulate in this category since Bitcoin is equity based.
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So bullish long term but bearish short term because the current btc price is a float lockdown play.
Yes, on the one hand it stimulates the adoption and on the other hand it stimulates the hodlers to unhodl. This assumes that a BTC holder does not hedge their fiat exposure beforehand, by for example transferring fiat first to an exchange in order to purchase enough BTC to cover the intended purchase. In this case the result is that the holder will increase their BTC holding slightly since the hedge is never perfect and the purpose of the hedge is to avoid exposure to being short BTC. |
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No mention of bitcoin
For the last few weeks it seems it doesn't matter if bitcoin is mentioned, whether the posts follows the guidelines posted at the top or anything else in the Press area. I think Jeff and the other mods just gave up. It seems like no one cares and it seems that consequently the Press section is becoming less useful since it is no longer "Notable press hits" with any type of consistency in the format. ;-) Or have a separate press section for Bitcoin related press that do not mention Bitcoin. There is little doubt in my mind that a credit / debit card hack of this magnitude will have an impact on Bitcoin far greater than many Bitcoin articles. There are forums with the specific purpose of discussing issues related to Bitcoin. This is not one of them. Actually this discussion should move to meta. Maybe the mods can take a look at this. |
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No mention of bitcoin
For the last few weeks it seems it doesn't matter if bitcoin is mentioned, whether the posts follows the guidelines posted at the top or anything else in the Press area. I think Jeff and the other mods just gave up. It seems like no one cares and it seems that consequently the Press section is becoming less useful since it is no longer "Notable press hits" with any type of consistency in the format. ;-) Or have a separate press section for Bitcoin related press that do not mention Bitcoin. There is little doubt in my mind that a credit / debit card hack of this magnitude will have an impact on Bitcoin far greater than many Bitcoin articles. |
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We really need some horticultural product suppliers especially those who specialize in premium and rare tulip bulbs to accept Bitcoin for payment.
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There is a reason the OP liked via Google namely to get around the paywall. If the newspaper wishes to get indexed by Google then they have to allow links from Google to bypass the paywall. This is the trade-off. |
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Here is a snapshot of prices
MTGox: 819 USD
Bitstamp: 749.15 USD
BTC-E: 748 USD
VS:
Virtex 786 CAD or 738.8 USD
Cointrader 745 USD
Yes on occasion prices on Canadian exchanges are above world prices but for most of the time they are not. There is a very simple reason for this: It gets very cold in the winter in Canada and many Canadians use electricity at least in part to heat their homes. Now if one uses electricity for space heating the marginal cost of Bitcoin mining is zero. The bottom line is that Canada's cold winters will make Canada a net exporter of Bitcoins, thereby depressing the price of Bitcoins in Canada regardless of how popular the use of Bitcoin becomes in Canada.
By the way the exchange the comes close to the Canadian price is BTC-E for the very same reason. Russia and many of the CIS countries which are a primary market for BTC-E also have bitterly cold winters. I have been buying BTC on Canadian exchanges since 2011 below world prices because more often than not Canadian exchanges are overrun with polar bears.
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Bitcoin has posted a record annual gain, measured in USD. At the start of Jan 1st, 2013, Mt Gox had a bid/ask of 13.45-55, or mid-price of $13.50At the close of Dec 31st Bitstamp and BTC-E have 730.4-732 & 730-733, or mid-price of $731.35(Mt Gox is not comparable because its US$ withdrawals do not take < 1 week, hence its bitcoin price is biased upwards). Trace Mayer's statistics for previous years, now with 2013 completed: 2009 4,867% (uncertain price discovery period) 2010 387%
2011 1,320%
2012 170%
2013 5,317%One observation is that, so far, odd-numbered years exhibit high-growth, while even-numbered years are consolidation/growth periods. Even 170% gains in 2014 will be stellar. Happy New Year to all Bitcoin holders! With respect to Trace Mayer the figures for 2010 come nowhere close to 387%. The closing price on December 31, 2010 was 0.293 USD per BTC. http://bitcoincharts.com/charts/mtgoxUSD#ig1-minzczsg2010-12-31zeg2011-01-01ztgSzm1g10zm2g25zv Now as for the valuation on December 31, 2009, there is a discussion on this in the following thread https://bitcointalk.org/index.php?topic=322058.0;all rpietila estimated 0.005 USD per BTC, I argued his figure was to high and that 0.000614866 to 0.00130719 USD per BTC was more appropriate. This would place the appreciation in 2010 between 5900% (low end) to 47700% (high end). Edit: 2013 is not a record annual gain. 2010 is since it is very hard to argue what Bitcoin was worth before Satoshi mined the genesis block in January 2009. |
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