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4621  Economy / Economics / Re: Should money have intrisic value ? on: December 03, 2010, 06:23:57 AM
Intrinsic value is required for money to arise in a barter economy.

Once we get beyond that, we can now bootstrap a currency like bitcoin.

Now we have information by which we can perform economic calculation.

The introduction of money into a barter economy only serves as a 'unknown third party' barter, it doesn't otherwise alter the basis of the exchange.  I don't otherwise understand your statement.  What have we 'gotten beyond' in order to bootstrap, and why is it a prerequisite?

http://bitcointalk.org/index.php?topic=583.0
4622  Economy / Economics / Re: Should money have intrisic value ? on: December 03, 2010, 03:49:40 AM
Intrinsic value is required for money to arise in a barter economy.

Once we get beyond that, we can now bootstrap a currency like bitcoin.

Now we have information by which we can perform economic calculation.
4623  Economy / Gambling discussion / Re: Bitcoin Casino on: December 03, 2010, 03:23:09 AM
Hi everyone, I was thinking of making some online casino game based around Bitcoin.. just wonder if there would be any legal issues surrounding that. I mean, would it qualify as online gambling?

The games would probably include:
  • Lottery
  • Roulette

There's already a casino and it's an MMORPG.

http://dragons.tl
4624  Bitcoin / Bitcoin Discussion / Re: Promotion: National Radio Show Interview about Bitcoin on: December 03, 2010, 03:20:59 AM
Wow, you have the hardest job in the world...

To explain bitcoin.
4625  Economy / Marketplace / Re: Kiba's Art Thread (Using Ubitious) on: December 03, 2010, 02:03:45 AM
http://www.bitcoinservice.co.uk/files/14

I am trying out bitcoinservice.co.uk out. This time, it cost .10 BTC.
4626  Economy / Economics / Re: Should money have intrisic value ? on: December 03, 2010, 12:07:54 AM
Gold is very useful. If it were more plentiful, people would use gold.

Gold have medicine, electronic, and decorative use.
4627  Other / Off-topic / Re: Political Assessment on: December 02, 2010, 11:40:57 PM

What would happen if there was NO public transport at all? The current amount of traffic jams would be nothing, costs for maintaining your good roads would go up (more traffic on the road), fuel prices would go up (more demand for fuel). While not direct, you will still be profiting from the fact that people make use of public transport.
My bus this morning was transporting about average 60 people, most cars that I see in the morning have only 1 person in there. Let's say that this one bus would save 50 cars on the road (all going in the same direction)... and this is only one bus.

Why would public transport disappear?

A bus is more fuel efficient and should benefit from the economy of scale.

There would be more train tracks. Trucks are used for local transport of material instead.
4628  Bitcoin / Project Development / Re: Bitcoin T-Shirt on: December 02, 2010, 11:36:26 PM
zazzle is overly expansive. Make your own silkscreen and mass print them and sell for bitcoins.

Expensive?
4629  Bitcoin / Bitcoin Discussion / Re: Promotion: National Radio Show Interview about Bitcoin on: December 02, 2010, 09:01:30 PM
The site itself seem to be a weird... info-commercial for all the weird medicine stuff.
4630  Bitcoin / Project Development / Re: Advertising Clearinghouse Bounty (1400 BTC or 350 USDs of BTC) by Noagendamarket on: December 02, 2010, 07:34:38 PM
If you have the basic system going, I suggest you to launch it as soon as possible.
4631  Bitcoin / Bitcoin Discussion / Re: BitDNS and Generalizing Bitcoin on: December 02, 2010, 06:06:53 PM

What do you need explained?

Why is it so easy? How is it done?
4632  Other / Off-topic / Re: Libertarians/Anarchists Answer Me This on: December 02, 2010, 06:05:53 PM


The most optimal resource allocation would be if the ice cream vendors were evenly spread out (something like x1 = 250m and x2 =750m). In this configuration nobody ever has to walk further than 250m to buy an ice cream.


Why would this be the most optimal resource allocation?

If your goal is to make ice cream available to the masses, then it make sense to allocate to places where people actually will buy ice creams?
4633  Bitcoin / Project Development / Re: Bitcoin T-Shirt on: December 02, 2010, 05:59:54 PM
http://www.cafepress.com/

This seem to be a good place to sell t-shirt.

If you guys willing, I might do a t-shirt version of Satoshi-chan.  Wink

If I do this though, I get 50%, and whatever left goes to...bitcoin bounties.
4634  Bitcoin / Bitcoin Discussion / Re: BitDNS and Generalizing Bitcoin on: December 02, 2010, 05:56:31 PM
None of these are intractable problems, and IMHO much of this makes domain addresses much more secure than is the case at the moment with domain addresses you get from GoDaddy, Verisign, or ICANN directly.  Social hacking and some other generally minor hacking by somebody with just some casual knowledge about computers is all that is really necessary at the moment to change most domain registrations or "steal" a domain.

Can you please explain what you mean by this?
4635  Bitcoin / Bitcoin Discussion / Re: BitDNS and Generalizing Bitcoin on: December 02, 2010, 05:52:22 PM
The loss of sex.bitcoin would surely make sexy.bitcoin and xxx.bitcoin more valuable.

I concede that one.
Quote
I don't argue from a matter of principle, just from a personal preference that I would prefer non-expiring but losable domain names, compared to ones that must be renewed regularly or lost to others.
Then this is a matter of competition between various BitDNS system then.
4636  Bitcoin / Bitcoin Discussion / Re: BitDNS and Generalizing Bitcoin on: December 02, 2010, 05:33:20 PM
It's the same as with bitcoins, it just makes the remaining names more valuable.

if sex.bitcoin is lost for example, it can't be used forever. And there is only one sex.bitcoin in the whole universe.

It doesn't necessary make other domain names more valuable. What it does though is make certain resource useless.
4637  Bitcoin / Bitcoin Discussion / Re: BitDNS and Generalizing Bitcoin on: December 02, 2010, 05:21:15 PM
I assumed you would have the domain name forever without further fee. After all, we don't pay an annual fee to keep our bitcoins working.

The fees could come from domain name transfers, and of course the generation of new domain names.

If someone lost their wallet, their domain name stay with them forever, with no way to transfer it.

Eventually, you get a long string of really good domain name that can't be used forever.
4638  Bitcoin / Project Development / Re: Bitcoin T-Shirt on: December 02, 2010, 05:08:31 PM
It would be a bit as if you were claiming publicly that you fraud tax.

Tax evasion?
4639  Bitcoin / Project Development / Bitcoin T-Shirt on: December 02, 2010, 04:58:10 PM
I was thinking of selling bitcoin t-shirt and mugs to help fund the various bitcoin bounty and other projects here.

What do you guys think?
4640  Bitcoin / Bitcoin Discussion / Re: Promotion: National Radio Show Interview about Bitcoin on: December 02, 2010, 02:00:39 PM
Mention my story:

I was donated 0.5 bitcoins then turned it to 100 bitcoins playing poker Smiley

Really?
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