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5761  Bitcoin / Bitcoin Discussion / Re: Which Country You're From on: August 06, 2010, 01:12:51 PM
I am seeing a lack of eastern countries being listed. There's no India, China, Korea, Japan, and the like. What can the bitcoin community do to expand its userbase?
5762  Economy / Trading Discussion / Re: Terminology of markets on: August 06, 2010, 12:23:50 AM
Thanks Kiba.

Presumably Last will always belower than or equal to Buy?

Not necessary. For example, what people want to sell might be higher than the last price posted.
5763  Bitcoin / Bitcoin Discussion / Re: Difficulty 8-5-10 352.161209068 on: August 05, 2010, 10:51:47 PM
Pre-paid bitcoin cards that people can buy from others, circulate on the local market, etc?
Not sure if i get that right,
like to buy pizza and cigs with your coin-card?
No.

You don't buy stuff on your local market for PayPal (or other virtual currencies), do you?
But you do online. There's not much choice if you want to buy with bitcoins.
You have to check this site to see what's available and if your lucky, you get something, prolly not what you are looking for.
So why use it?

What I mean is that these bitcoin cards are credits for you to claim your bitcoins. You could basically enter whatever serial numbers...and it will either direct you to a wallet or send you money to your wallet.
5764  Economy / Trading Discussion / Re: Terminology of markets on: August 05, 2010, 10:37:42 PM

high
low
vol
buy
sell
last

high - highest price in the last 24 hours.

low - lowest price in the last 24 hours.

vol - amount of bitcoins exchanged in the last 24 hours.

buy - Current lowest selling price.

sell - Current buying price.

last - Last price bitcoins were sold at.

I am unsure if the time period is 24 hours...or 48 hours.
5765  Bitcoin / Bitcoin Discussion / Re: Difficulty 8-5-10 352.161209068 on: August 05, 2010, 10:05:58 PM
Sure, that's running machines, but not users.  Wink

My point is, as long as we dont see some more stuff sold for bitcoins, there's almost no other reason to "use" bitcoin but to generate coins (to sell and make money of it and buy the stuff they want) for new users.
So far it's just a cute crypto-communities baby, that noone out there cares about, except for those crypto-freaks and wanna-be-anonyms.
If we want to beat PayPal, we need a whole lot more users,
but why should they use bitcoin instead of PayPal, if they need to use PayPal to buy bitcoins anyway and cant buy the stuff they want for bitcoins but for PayPal?

Pre-paid bitcoin cards that people can buy from others, circulate on the local market, etc?
5766  Economy / Marketplace / Re: Bitcoin is now backed by silver! on: August 05, 2010, 04:08:51 PM
Link doesn't work, buddy.
5767  Other / Off-topic / Re: The Wolf Game, Day 1 on: August 05, 2010, 03:35:59 PM
Hiding?  I'm right here, how is that hiding.  You seem pretty eager to blame someone else...

KILL KILL KILL
5768  Bitcoin / Bitcoin Discussion / Re: Who's the Spanish jerk draining the Faucet? on: August 05, 2010, 03:08:12 AM
This is a nice exercise in what happens when you give free stuff away.
Hint: People try to get the free stuff.
I do think it's a nice idea, I'm not saying you shouldn't do it.
Yeah, I shoulda anticipated problems when Bitcoins went from 0.005 USD each to 0.06 each.  If it takes somebody two minutes to go through the "get a new IP, get a new BC address, solve the captcha" process then they'd make 5*30=150 bitcoins an hour, which is $9 USD an hour, which, if you're unemployed, bored, and/or 13 years old is easy money.


Hmm, now that I think about it....13 years old would find bitcoins to be a money making opportunities, especially since they generally can't be employed by business and such. They can however, offer services and goods of some kind to bitcoiners in exchange for some money. When he/she saved up a bit, she/he can buy hosting services and bootstrap their way to bigger business operations.
5769  Economy / Economics / Re: On Hoarding on: August 05, 2010, 02:16:02 AM
Why does one cares about the relative wealth of another individuals versus our own, especially in a system where people can mutually gain from exchanges? If anything, one should be concerned about one's own absolute wealth over time, not one's relative wealth to another.

Are you kidding?

In a market based society there is only relative wealth. Bill Gate is not rich because he has 40 billion dollars. He is rich because we all don't have 40 billion dollars. If we did all did the "average" house would cost 100 billion dollars and we'd all still have mortgages.

Nonsense. I have a house, a computer, fancy operating system, foods, medication and the like. Compared to the kings of old, I have more absolute wealth in many area you can measure.
5770  Economy / Economics / Re: On Hoarding on: August 05, 2010, 01:12:11 AM

So the #1 question I have for you is, as the chances of being awarded blocks goes down. Why on earth is anyone going to want to play the silly game invented by you people who happened to stumble upon easy BTC first?

After all, Knightmb has 10% of all the exiting BTC. He probably bought and generated them for less than $1,000 at the time. If I decide to trade some commodity worth $10,000 I would likely end up with less than half of his stash.

He put in $1,000 and I put in $10,000 a couple of months later. He is more than twice as rich as me. If someone tries to trade $100,000 worth of commodities for BTC a few months after me, is he going to be half as rich as me and a quarter as rich as knightmb?

That seems like a poor game for him to play.


Why does one cares about the relative wealth of another individuals versus our own, especially in a system where people can mutually gain from exchanges? If anything, one should be concerned about one's own absolute wealth over time, not one's relative wealth to another.
5771  Economy / Marketplace / Re: $10 Wireless Minutes - Auction for Bitcoins! on: August 05, 2010, 12:53:07 AM
Also, maybe it is a good idea to extend the auction by at least 24 hours since people do live in different time zone.
5772  Economy / Marketplace / Re: $10 Wireless Minutes - Auction for Bitcoins! on: August 05, 2010, 12:42:40 AM
You could use biddingpond.com, but I am not sure if everybody check biddingpond.com. So I guess it's a good idea to advertise your auction if you're looking for some bidder.

BTW, how minutes are in t-mobile and virgin mobiles minutes?
5773  Economy / Economics / Re: Lending at negative interest rates. (People like bigger numbers.) on: August 04, 2010, 10:16:53 PM
For the record, I'm a pragmatic libertarian. Believe but do your own math. Math works. Empirically validated functions rule. Philosophy is easy to twist to any whim. That is my philosophy! :-)

Just be careful of bad math that cause you to believe in something that isn't true. Your map does not correspond to the territory and all.

You don't want to be like Paul Samuelson with his economic textbook touting the idea that the Soviet economy will surpass the USA's economy. He didn't understand how they work at all.

The Austrian schools merely derive their economic from deductive logics. So there is a way to disprove them. Just explain their logical mistakes.
5774  Bitcoin / Project Development / Re: Bounty for Bitcoin Animated Movie [5150 BTC and growing] on: August 04, 2010, 07:13:08 PM
That's some serious money for bitcoins. I'll donate 23.05 bitcoins.
5775  Bitcoin / Bitcoin Discussion / Re: Which Country You're From on: August 04, 2010, 03:23:10 PM
Netherlands, missing from list.

Added Netherlands. Also Canada from some time ago.
5776  Economy / Marketplace / Re: FS: Unused, Uninstalled MS Visual Studio 2008 Professional on: August 04, 2010, 03:11:06 PM
No thanks. I'll stick to emacs, the world's most powerful text editor, that even have more power than MS Visual Studio 2008.  Wink
5777  Economy / Trading Discussion / Re: A Modest Proposal on: August 04, 2010, 02:51:17 PM
Whatever the case may be, somebody, preferably those with some knowledge on how online banking in Japan works, will need to setup a yen/bitcoin exchange market.
5778  Other / Off-topic / Re: The Wolf Game, Day 1 on: August 04, 2010, 02:25:20 AM
Quantumplation is just trying to get the suspicion off his back. He must be the wolf.
5779  Economy / Trading Discussion / Re: A Modest Proposal on: August 04, 2010, 02:21:32 AM

Please explain the copyright situation better here.  Are there artists and designers who would be willing to publish their original work in a new medium (on-line) and be willing to get paid potentially with Bitcoins, or is this merely somebody who has copies of the manga and has posted scans of this stuff?

The "legal" aspect is what I'm trying to get a handle on, and where the "copyright infringement" comes from.  If a site is "illegal" and "infringing copyright", it sounds like this is something that the Bitcoins aspect is irrelevant on.  If this is merely trying to provide a revenue model for artists that want to get outside of the normal publishing model, there is certainly something that Bitcoins can get involved with that can make them some serious money.

I do not know of any artists and designers in Japan who would be interested in publishing their original work online. Yes, we're trying to provide a revenue model for artists that want to get outside of the normal publishing model.
5780  Bitcoin / Bitcoin Discussion / Re: How long to generate ONE bitcoin???? on: August 03, 2010, 08:52:11 PM
Given how hard they are to generate, in my opinion (if I worked 24 hours a day for 3 weeks, I'd certainly expect more than 50 cents)...  I'd have to say that 1 BTC is worth about $800.  I'll trade my 5 BTC for a PS3.

Given there's no realistic way to determine the value of something which is randomly generated, I'm giving up on it.

My 5 coins from bit faucet will go to you, martin, just because your address is listed.  They're all yours, knock your socks off.  Don't spend'em all in one place...  or do...  if you can...  good luck.

NuAngel

Using your computer to generate bitcoins does no useful works, other than creating bitcoins, which is useless by itself. So you missed the entire point of bitcoin, which is to facilitate an economy using...bitcoins.
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