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5401  Bitcoin / Bitcoin Discussion / Re: Bitcoin in RALLY mode on: October 08, 2010, 02:54:54 AM
I don't see how this can last. 100,000 BTC in bids+asks on MtGox, but 7,200 BTC are created every day. The market just can't absorb it.

It been at 0.06 for a really long time for like 2-3 weeks? In any case, the market seem to practically ignore the fact of monetary inflation.
5402  Bitcoin / Bitcoin Discussion / Re: Bitcoin in RALLY mode on: October 08, 2010, 02:43:51 AM
> 30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.

No it doesn't. they can trade immediately. they just can't withdraw.

Sorry for my misunderstanding.
5403  Bitcoin / Bitcoin Discussion / Re: Bitcoin in RALLY mode on: October 08, 2010, 02:29:52 AM
Just jumped over .08, So does anyone have thoughts on what is happening here?



30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.
5404  Bitcoin / Project Development / Re: Letter to the EFF on: October 08, 2010, 12:33:40 AM
Two months of work....success!
5405  Bitcoin / Bitcoin Discussion / Re: Do You Accept Bitcoin? on: October 07, 2010, 11:13:35 PM
I been thinking of funding a series of bounty for browser extensions that store as well automatically receive bitcoins.

I also want to do it in conjuction of forming the first ever bitcoin mutual aid society, the Bitcoin Mutual Aid Association at http://bitcointalk.org/index.php?topic=1395.0
5406  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mutual Aid Society on: October 07, 2010, 10:44:45 PM
I want to move forward with this association idea for short. I guess I'll called it the Bitcoin Mutual Aid Association.

I think the simplest benefit that such an association get is discount from business.

50% of the funds will goes to bitcoin promotion projects, software bounty and the like. The other 50% will be saving. Part of the 50% spending will be breakdown into 25% advertising, and 25% software bounty.

I think the membership fee will be 10 btc per month. Anybody who's a business owner and member of the association will offer discount.

Very simple. The next step is to outline a charter and governance structure.
5407  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mutual Aid Society on: October 07, 2010, 10:24:53 PM
Building on your idea, this could be expanded to a dating site.

Dating sites have some issues with payments as they are not very anonymous.

Possible but there are inherent general gender imbalance in hackerdom.
5408  Bitcoin / Bitcoin Discussion / Re: Bitcoin in RALLY mode on: October 07, 2010, 09:47:53 PM
The possibility of a volume record breaking is high now with 42669 bitcoins.
5409  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mutual Aid Society on: October 07, 2010, 09:42:41 PM
Any feedback?
5410  Bitcoin / Bitcoin Discussion / Bitcoin Mutual Aid Society on: October 07, 2010, 07:01:26 PM
Maybe it would be a good idea to form some kind of "friendship" society, um like a fraternity or something. Basically provide things like mutual aid, insurance, and benefits to its members and function as a way to um..make friends.

http://en.wikipedia.org/wiki/Friendly_Society

Perhaps member businesses associated with the bitcoin mutual aid societies get discount. So you might pay like 5 bitcoins every month and you'll get select discount on certain sites.

These bitcoin money would goes to insurance thingy, promotion of bitcoin projects, etc.
5411  Bitcoin / Bitcoin Discussion / Re: Interview with Satoshi. on: October 07, 2010, 03:58:45 PM
So how do you determine if there is enough questions for Satoshi to answer?
5412  Economy / Marketplace / Re: The Niche List on: October 07, 2010, 03:57:45 PM
Any more niches for people to fill?
5413  Economy / Gambling / Re: Dragon's Tale - a Massively Multiplayer Online RPG/Casino on: October 07, 2010, 03:47:52 PM
I never got the chance to try it out despite the invitation to test it. Will do soon.
5414  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: October 07, 2010, 03:47:02 PM
He kept insisting that "if there is no guarantee, it's worthless".

Have you tried showing him that they are already worth around 0,06USD each ?
Actually, try to explain what value is... gold itself has no "guarantee"... nobody can really guarantee people will keep valuing gold.



All you need is to mine a nearby asteroid than BAM! Everyone's faith in gold is gone.
5415  Bitcoin / Bitcoin Discussion / Re: Bitcoin in RALLY mode on: October 07, 2010, 03:29:57 PM
MtGox broke volume exchange record yesterday with 36672.7 bitcoins. That's a lot!
5416  Economy / Economics / Re: Stable Exchange Rate? on: October 07, 2010, 05:05:53 AM
Massive quantity of volumes are exchanged in a few days in a row. Possible slight movement in price.

I also noticed the high activity rate for the last 5 days or so and the appearance of a few new highly active users. Perhaps bitcoin community growth has fueled the volume? Or not, we can't be sure anyway.
5417  Bitcoin / Bitcoin Discussion / Re: Interview with Satoshi. on: October 07, 2010, 01:05:55 AM
Are you really from Japan?
5418  Bitcoin / Bitcoin Discussion / Re: Cryptocurrencies are theftproof on: October 07, 2010, 12:04:09 AM
bitcoins are stealable.  The thief just has to steal your harddrive.

I can use an encrypted file system.

Or I can encrypt my wallet.dat file when I'm not using the bitcoin software.

Or I can have most of my bitcoins encrypted on a distant machine, and use only small change for my local machine.

And so on...


A sufficiently smart thief will social engineer you, or just steal jewelries and other stuff from much easier security system.
5419  Bitcoin / Project Development / Re: Letter to the EFF on: October 06, 2010, 08:40:03 PM

Try again?
5420  Bitcoin / Project Development / Re: Letter to the EFF on: October 06, 2010, 07:50:03 PM
No email?  Cry
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