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I want to make it specularly easy for bitcoin users to manage the ever expanding wallets of the bitcoin world but at the same time make it secure.
What should I be looking for in term of security technology? SSL?
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You don't want bad, corrupt, un-democratic control-freak government. Fair play, I agree.
Wrong, I hate democratic governments. I despise governments because the only thing that they know how to use is force. They have no regard for subtlety, or for self-analysis of their goal system. Forcing millions or billion of people to choose their representative when they don't know anything about the issues of society is a definition of insanity. Governments are bad for a reason. It's not because they're bad men, but because the incentive is set that way to encourage bad things happening and craft bad men. At least business can be seen as transparently greedy. Politicans? They kiss babies for victories. |
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Scheduled article commission price update: 2.5 BTC in the anticipation of 2 dollars per bitcoin.
Anybody who is working on a draft, or is waiting for me to get paid will receive their 5 BTC.
Newcomers will have to live with 2.5 BTC. The only way the price will stay the same is if the magazine suddenly become profitable.
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Personally I believe in fettered capitalism, made to serve society and pay for minimal standards of decommodified human space (healthcare, housing, education etc, the stuff of basic social dignity) like a fire kept in a fireplace as opposed to the 'burning house' situation espoused by some, where everything is for sale and the government's just there to provide mercenaries and cops.
I don't believe in making it look like providing dignity. I want real dignity. I want the cheapest and highest quality of housing, education, healthcare, so that the greatest amount of humanity is educated and ready to change the world for the better. I don't want a fuckup of a government service with no fucking sense of self-analysis and regard for the powerful force of economic incentives. |
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I bid 1 BTC for 50 namecoins.  |
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In the next release, you'll be able to get information on your accounts' balance by clicking on the more button in the popup menu, which will open up a tab for your accounts.
Henchan added something called the omnibox(which I have no idea what it do) and internalization feature.
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I have merged your master to my fork. The git process seems to be OK.
The changes I made in my pull request are still working and I see your Account changes in my fork are working too.
I had a few problems with merge, because I am not used to collaborative git working. If by any chance you find in my next pull request that I have undone anything you did, it was not intentional. Hopefully, this is not the case.
Barring any bugs, the release window will be every Saturday. |
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Not sure if you're agreeing with me or not, but yeah, is that really a half a million dollars, or the same 50,000 getting shuffled back-and-forth?
Does it matters? |
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I hope people are buying BTC as a real investment, but my fear is that you have people who are basically day-trading. Buying 100 at $1.10, and then immediately putting in a sell order for $1.20. That wouldn't just inflate the price, but also the volume, where (for example) that 30,000 daily volume is really only the same 300 or 3000 coins getting shifted around. The mtGox 30 day volume is over half a million BitCoins. I'm not sure if I believe that anything close to 1/10th of all bitcoins have been bought by investors.
And a half million dollars. |
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You're confusing cause and effect. Time preference is why deflation won't kill an economy. If people start hoarding and this causes prices to fall, the incentive to spend will become more and more powerful, because while it's true that you can continue to hoard and buy more stuff later, prices are low and you can buy a lot of stuff now. Your life is finite; you can only enjoy so much stuff. Let's say that you like to read fiction, and you have enough free time to read an average of one novel per week. Every week that you refuse to buy a novel, the number of novels that you will be able to read during your lifetime decreases by one irreversibly.
I am offering to pay ya for 5 BTC for an article on Time Preference and Deflationary Spiral in Bitcoin. |
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I could write an article explaining public/private keys in layman's terms without getting technical and how they are used within the Bitcoin network when sending/receiving.
This is what I want to see. Next time, please contact me by email... |
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I'm confused about your position here Kiba.
I would say that Bitcoin will suffer from a deflationary spiral as it reaches the limited amount of 'bitcoins' that can be generated.
Deflationary spirals are bad. Right?
http://bitcointalk.org/index.php?topic=6317.msg92580;boardseen#newMoved. And I don't believe in "deflationary spiral". Time preference theory cited. |
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I can admit that the high speed money printing presses do lead to one form of economic stimulus: either you spend your money or it becomes worthless. A little like how you'd had to receive your daily paycheque in Germany and then run to the baker to buy bread before it was worthless.
All that does is lead to inefficient spending of finite resources as companies are fooled by monetary profit. Deflationary spiral, especially of the growth spiral, kill companies that aren't efficient. |
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Money isn't its own entity, it's not an organism that needs to be tamed.
Don't mean to troll, but I'm hearing this:
Randy Marsh:
Yea, it is an angry and unforgiving Economy. To repent we must stop frivolous spending! Instead of paying for cable let us watch clouds! Instead of buying clothes, wear but sheets from thine beds! Cut spending to only the bare essentials! Water and bread and margaritas, yea. [everyone applauds softly]
Strawman. So, once you accept that it has value, my previous points have their foundation, where you need to match the economy to the quantity of your currency to maintain stable prices. Without being able to establish price stability, which you can't in bitcoin, then your currency will reach a breaking deflationary point, and fail.
I already dispute this theory of your with the time preference account. |
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Yeah sorry about the Austrian thing.
Money doesn't exist in a vacuum -- While it manages the incentives of individuals, larger bodies such as governments can enact policies which change the nature of money.
Philosophically money is to act as a physical embodiment of value.
That embodiment needs to be proportional to the past, and representative of the present.
That is complete nonsense. Money is an abstraction. Money follow the laws of economics, not what economists want money to do. Bitcoin is merely information. It doesn't physically embodies something abstract, like "value". It IS an abstraction. |
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My guess too. Funny how economists seem to be the ones who know least about economics.
Macroeconomic is junk and microeconomic is sound. The problem is, they use macroeconomic to study macroeconomic, instead of microeconomics. |
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They're also one of the first if not the first charity in the world to accept bitcoin.
Bless their effort for liberty.
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This is where the Austrian economists are wrong in preferring hard metal currency as opposed to fiat currencies. Because Economies are what matters, and economics are fluid, and fiat. The object is irrelevant, what we're really quantifying is the value of human being's time, effort, and focus.
If this isn't a strawman, I don't know what it is. In any case, the purpose of money or economic or whatever you refer to isn't about quantifying a human being's time, effort, and focus. None of this matters. What money does is to coordinate the allocation of resources, and human beings react to the incentives that's set by the economics of money. The Austrians don't prefer hard currency to fiat money. They prefer free market money. |
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