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2141
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Bitcoin / Bitcoin Discussion / Re: Bitcoin thread on OCN, 27 pages in 12 hours
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on: April 28, 2011, 12:13:45 AM
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This is what I've experienced as well. I would think people see "revolution", instead they see "scam". I wonder what this says about society? Probably nothing.
Well, it would be weird if bitcoin don't have any critics or that people would figure out that this is the best thing since sliced bread. |
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2145
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Bitcoin / Project Development / Re: Bitcoin Pouch: A Community Driven Bitcoin Service (w/ JS-Remote!)
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on: April 27, 2011, 06:32:01 PM
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Crashed it at signup: Warning at /account/signup/
Table './pouch/emailconfirmation_emailconfirmation' is marked as crashed and should be repairedRequest Method: POST
Request URL: https://bitcoinpouch.com/account/signup/
Exception Type: Warning
Exception Value: Table './pouch/emailconfirmation_emailconfirmation' is marked as crashed and should be repaired
Exception Location: /usr/lib/pymodules/python2.6/MySQLdb/cursors.py in _warning_check, line 82
Python Executable: /usr/bin/python
Python Version: 2.6.6
Python Path: ['/home/pouch/pouch/apps', '/home/pouch/env/lib/python2.6/site-packages/pinax/apps', '/home/pouch/env/lib/python2.6/site-packages/', '/home/pouch/pouch', '/home/pouch', '/home/pouch/env/lib/python2.5/site-packages', '/usr/lib/python2.6', '/usr/lib/python2.6/plat-linux2', '/usr/lib/python2.6/lib-tk', '/usr/lib/python2.6/lib-old', '/usr/lib/python2.6/lib-dynload', '/usr/local/lib/python2.6/dist-packages', '/usr/lib/python2.6/dist-packages', '/usr/lib/python2.6/dist-packages/PIL', '/usr/lib/pymodules/python2.6']
Server time: Wed, 27 Apr 2011 14:30:39 -0400
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2148
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Economy / Economics / Re: Economic of Deflationary Spiral
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on: April 27, 2011, 02:30:39 PM
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The problem I see with holding onto the liquid bitcoins is the fact that there are systemic risks that could render BTCs valueless very quickly. The biggest issue is a scenario where a significantly more advanced anonymous electronic money scheme is launched and quickly supersedes bitcoin in popularity. The mere fact that this could happen will keep people from hoarding bitcoins as a long term investment. Since the value of one bitcoin is correlated with the size of the whole BTC-denominated economy divided by the number of BTCs in circulation, if a better system emerges and is quickly adopted (far quicker than bitcoin was and is being adopted, since the new currency is by definition more tempting), BTCs will be dumped so fast that they will lose their value pretty much instantly. Bitcoin then becomes just a pyramid scheme where everyone is trying to convince everyone else that BTCs are still worth something while not believing that themselves.
I think this is fundamentally a good thing, since it encourages people to spend their BTCs instead of holding onto them. However the risk is so abstract that it is very difficult to quantify.
No. A currency even better than bitcoin is a good thing! Bitcoiners and Satoshi should be proud. |
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2149
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Other / Obsolete (buying) / Re: Bitcoin Weekly Looking For Writers
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on: April 27, 2011, 02:17:52 PM
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Here is my pitch for an article. In a hypothetical post-singularity world, where the most people live as software entities on a computer in a truly post scarcity society, what do people spend money on?
You should send these to my email, ya? Anyway, I like the idea. Send a draft to my email address. |
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2158
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Other / Obsolete (selling) / Re: [Selling service] I'll draw cool stickfigures for bitcoins
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on: April 25, 2011, 11:45:00 PM
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If you supply the ideas/writing, link my name to my Twitter account or something, and make that at least 5 BTC/wk, I'd be up for that. Working on a schedule is rough.  - shazow Sorry, my magazine do not have enough money to pay out 5 BTC for a cartoonist. Occasionally, money have to come out of my own pocket. |
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