Funny you should mention that, for I have a story in this regard. My wife is particularly well suited to breastfeed multiples, and as my first born was starting to age out of breastmilk, my wife joined a breastmilk donation network for a time. It was a religious calling for her, and for the next month or so, she laborously pumped, sorted, froze and shipped several gallons of breastmilk in single baby-bottles. That was the first time that I had ever heard that there was a federal law against deliberately profitting from human sourced tissue or bio-products. Yet, blood plasma companies work around this limitation by paying the donator labor time, because the donation process is time consuming. Apparently in this "capitalist" society, the only value of contributing life saving human-sourced bio-products is Marxist labor value. |
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Don't most of us consume raw milk when we're babies anyway  Actually, human milk is another market that is regulated out of existence. Human milk has a lot of advantages for infants but in some cases mothers are unable to feed their own children and have to resort to formula or rely on donated milk. If there were a bitcoin-enabled market in human milk, more children could be fed in this way, and mothers who are able to produce extra milk could be rewarded. |
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title says it all, i am trying to understand yet the answers are so variable and some contradict. i want a answer or collective answer that i can draw a picture to . thanks
Recently there seems to have been an influx of new users into the bitcoin ecosystem. The general consensus is that as the number of users goes up, the price should go up (because more people are holding the same number of coins, and also the coins are more useful because there are more people to trade with). The problem is nobody knows how many new people are joining, how much capital/expertise they bring with them, or how much they will affect the overall price. So the price will continue to be volatile and jump up and down as the market tries to find an optimum level. tl;dr New voluntary currency in price discovery phase. Excellent post. |
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fastcash4bitcoins.com might be what you want, or coinbase.com
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I'm saying a different system should be used where there is an authority maybe, I won't use it, then. this has to be thought and invented. You think it and invent it, then. I don't want it, and don't want to put any effort into it. The bitcoins system looks to me far more complicated to think about and invent than implementing my suggested system. Since it is so easy, you should get busy doing it. I think it a new method can be popular anyway even without the early speculators motivation because people should know how bad the current real money system is and will want a fair alternative, and it can be more popular than bitcoins because more people will join if they think they are not discriminated between them and the early joiners.
Simply starting a new blockchain with the same rules as bitcoin, but now when more people are aware of it, might achieve some of what you want, and might even be a good idea. By the way, I am not an "early joiner" of bitcoin. |
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the total number of coins would not be limited and it will rise over time. I won't use that system, then. I don't see how wasting electric energy for useless calculations that do not benefit the society called work.
We could also decide that each hundred jumps in the air will get a coin.
At least it could be something useful like starting global projects I don't think "global projects" are useful. The thing about useful is that it's a subjective opinion, not an objective fact. (Hint: the calculations that block-generating bitcoin nodes perform are not there just to waste time, though you might have read otherwise.) I'm saying the decided method on how the total sum of coins is distributed is not fair, and the only fair method is to distribute it equally. Distributed at what point in time? |
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Also, the value of the currency will change over time. So if each new registrant gets only 1 equalcoin, early adopters may get a coin that is worth 1/10000th of a pizza, while later adopters will get a coin that may be worth 10000 pizzas! That's not fair, and not equally distributed. |
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but the people getting in on the ground floor holding nearly all the coins Please substantiate this. You can get as many coins as you like, right now. Like everyone else, you will have to economize and give up something to get them: time, energy, effort, resources, funds, ... |
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they can use a biometric identification to prevent registering more than once. Oops, you just compromised anonymity. I am sure this system should not be harder to implement than the current one. Please, demonstrate. If you want this, you will have to build it yourself, because the rest of us don't want it. But, according to you, it's easy, so why don't you just implement it? |
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So from what I understand the system is based on the idea that the earlier you start mining the richer you are going to be? Nope. The system is based around the idea of an economy built on exchanges of bitcoin for goods and services. Provide or good or service, and you can get some bitcoin. (Mining is just a footnote.) |
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between all the people?
I don't see the reason why a few people who were the first could gain a big share of the coins and people who want to buy coins now have to pay for them. and why would people will cooperate with such system.
I mean I only heard about this today, I would participate earlier if I knew about it.
For some reason, this unequal distribution is not stopping latecomers from buying up bitcoin like crazy. Which has the interesting side effect of redistributing coins.  |
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between all the people?
I don't see the reason why a few people who were the first could gain a big share of the coins and people who want to buy coins now have to pay for them. and why would people will cooperate with such system.
I mean I only heard about this today, I would participate earlier if I knew about it.
This is pretty much the guns and gold crowd. They won't share bitcoins. It doesn't matter if sharing would make a better world or not. I grew up in Dallas and have lots of experience with this mindset. Trust me, I'm a doctor. How about you share some bitcoin with me, Prof? |
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between all the people?
I don't see the reason why a few people who were the first could gain a big share of the coins and people who want to buy coins now have to pay for them. and why would people will cooperate with such system.
I mean I only heard about this today, I would participate earlier if I knew about it.
No problem. Fork the bitcoin code and start a new, fairer chain today. |
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If BTC took over, budgets would be balanced by default.
Because they wouldn't be able to get a loan on bitcoin talk's newbie forum, either! |
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I'd still mention it to them at least once a day. I had the zero balance for most of Sunday and about half of Monday, IIRC.
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why is it so difficult to see why this, too, has a negative impact on the adoption of bitcoin? this is all i've been trying to say this entire thread.
Because it makes zero sense: Hey people, we have a problem!! Many people will want to use Bitcoin so bitcoins are going to become very valuable therefor no one will want to use it!!!11 I mean, I don't know what more to say to this. Furthermore, this has been addressed in many places by competent economists, and the people who start these kinds of threads are rarely familiar with the arguments against their ideas, and they never address them. No homework has been done first. People just show up and claim they are seeing something that nobody else is seeing, and then get upset and call names when noone agrees with them. And my ignore list just grows. |
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I had the issue yesterday with my account balance zeroed out, and it appears many other people did as well. I even took a screenshot that looks a bit like yours.  It's fixed, now, apparently, for me at least. If yours is still wrong, I would definitely keep contacting coinbase support. |
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Thanks for the screenshot. It helps me see something that's really weird. You and I both have a pending bitcoin purchase at Coinbase. But yours shows on your transactions tab, and mine does not. Mine is only visible if I click on Buy/Sell Bitcoin and then click "Transfers."
I think this must be a bug.
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People hoarding would have no affect on your ability to make a purchase using Bitcoin.
maybe, but would i want people to have hoarded thousands of these? they didn't work for them, just speculated and were there early. Yes, they did work for them. |
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Thanks for the suggestion but unfortunately in that particular case having those people open mtgox acc is not really an option  and in most cases when dealing with traditional business too. Initiate a wire transfer on aurumxchange.com ? |
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