And a ginormous debt that we already have that our kids will inherit ARE WE MARRIED? ?  |
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One great advantage of altcoins is that they put to rest a common newbie gripe about bitcoins: namely, that the supply of bitcoins is limited. Most of us think this is a feature, not a flaw, but for those who can't be convinced, we can always point to the unlimited supply of altcoins. Anybody who wants to go to an alternative currency that generates 50 coins per block forever is welcome to. Or whatever arrangement they please. If some day there's only handful of ultra-valuable satoshis left to circulate in the bitcoin chain and people can't work out a way to subdivide them, they can make change with altcoins. Somebody could even start an altcoin with rules identical to bitcoin specifically for this purpose. There's no real 21 million limit this way.  Another great advantage of altcoins is that it takes a lot of work to become technically proficient enough to create an altcoin. Everybody who does this acquires a valuable skill as a bitcoin developer, even if their altcoin fails, and this increases the skillset available to the entire community. |
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Why does Avalon need to charge the customer advance in 100% full? why not just 10% in advance, and charge the rest 90% when they are ready to ship?
This time, Avalon need not to tape out. Avalon does not need so much money at this stage.
Because they're going to get people who don't pay the 90%? people should pay the rest of 90% before shipping. This is standard procedure when doing fair trade. Share the financing responsibility and risk equally. It is not standard for customers to pay Wal-Mart before a product is produced. What is standard is for Wal-Mart to buy/ship the products from builders and stock them on their shelves, and then customers pay. Wal-Mart, like any other seller, assumes a huge risk in this investment: there is the risk that noone will buy what they are paying for. But this is the standard. |
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If you don't want to be involved, the solution is quite simple, store your own bitcoins.
Or use a 100% reserve bank. |
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Before bitcoins had any value on the market, they were sparkly. They sparkled and sparkled and attracted lots of us by how interesting/sparkly they were. The original trade for pizzas happened because the bitcoins were sparkly (interesting), and the pizza seller felt he'd rather have 10K bitcoins than the money used to purchase the pizza. That's how sparkly (valueable) they were! So I guess that is intrinsic value. |
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The only way for Avalon to prove that they have a legit product is to delay Batch #2 Orders until proof that their ASIC unit actually reaches Jeff and he can confirm the unit actually hashes on the network.
I am not the only person that is skeptical of the fact that they are going to be taking payments for Batch #2 without having any proof.
It would be very wise of Avalon to delay Batch #2 orders until there is Proof, in light of the bASIC project failing.
Delaying Batch#2 a couple of days is not going to hurt anyone. Delaying would only show that Avalon is legit.
I agree with all of this, but if there are people willing to take the risk and pay for batch #2 now, why should the buyers or Avalon wait? If nobody is willing to take that risk, Avalon will have to do as you suggest. But if sufficient numbers of people are willing to pay for batch #2 now, then Avalon can go ahead and people who want to be safer will just have to wait for batch #3 or later, right? People who want to bungie jump without a tested cord shouldn't be told they have to wait until the cord is tested for people who want to be safer, IMO. |
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I like it. I don't think there's a conflict between Bitcent and Millibits at all... we will just start using them as needed. I agree. The U.S. started with both cents and mils. Mils died out, cents won. This was probably because mils turned out to be of very low value. Now cents are of such low value that they are in danger of dying out. Bitcoin can start out with both cents and mils. In the case of bitcoin, there's a good chance that bitmils will have a decent value, so the term may win out over bitcents. But it may be after my lifetime. Then again, I think it's a waste of good karma to not even consider the term Gold Press Latinum... perhaps Cascasius should produce one  Like! |
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My concern is not to promote another kind of money built from the same material: greed, crusade, stupidness You can choose not to transact with people that you deem to be greedy or stupid or crusading. But you will be limiting your pool of customers and limiting your own wealth. You sound like you are trying to start a crusade to build a new money, actually... |
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Do any online wallet providers offer the ability to sign a message with an address's private key to prove you are the owner of the address? Or is the online wallet provider technically the owner of the address and this would not make any sense?
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People are using bitcoin and dollars right now for all kinds of things that I believe are evil and that I would never personally engage in. It does not stop me from using bitcoins or dollars. Of the two systems, I think the dollar is more easily exploitable for evil purposes.
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I intend to use the term bitcent whether other people like it or not. It is well defined, and it is a free world, but i hope the hordes of millis will overwhelm you. LOL |
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Suggestions: shilling, penny farthing, drakma, scat, baug, mongol
I second the suggestion of calling a denomination of Bitcoin a scat. We have discussed the fractions many times, I believe consensus has been fairly reached in different polls. Has consensus been reached on the centi contra milli question? I see people use bitcents from time to time. I intend to use the term bitcent whether other people like it or not. |
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So? I am sure someone come up with an answer.
If i have to crack the private key of a specific address it will take more time than I can care about. But I am asking how long to crack any of the thousands of address with possitive balance.
That should be much more easy. No, it will take more time. If it takes 1 second to make one attempt to crack one address, then making one attempt to crack 10,000 addresses will presumably take 10,000 seconds. I can't see why making one attempt to crack two addresses would be quicker than making two attempts to crack one address. Because you have to make more checks for more addresses, unless there's something I'm misunderstanding. |
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Awesome! Thank you for the reviews! I would be interested in seeing you review bitinstant.
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But the regression theorem requires that the money have value each prior day, even when you get all the way back to the day before the moneystuff became money. Hence the need for an intrinsic value. I thought the regression theorem came from economists who do not believe in intrinsic value and believe that all value is subjective. I think you may be mixing and matching incompatible economic concepts. |
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But I've heard that reverse fractional banking will be the ultimate savior to bust through the roof of this limit That is one theory. Another theory is that the limit is not a problem. Another theory is that if the limit ever appears to be a problem, satoshis can possibly be subdivided. |
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There will be runs on banks and people will experience losses, therefore fractional reserve banking can not go so far as it currently does. One might say that free banking is inherently regulated by bank runs. |
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They also completely moderate their support forum they have on their website. I posted a question regarding the limits and it was removed. Not even a response. They want me to buy 10 bitcoin, wait 30 days with my money in their account?? What are they nuts? What kind of people would use a service like that? You quoted my post and proved you had the opportunity to notice there was a URL posted. Then went off on a tangent about them holding your money for 30 days, which is not what they say at all. Apparently you got so excited at this point you forgot the link had been provided to the direct source of info from coinbase. I'll just use Tangible Crypto to get my coins. That would be great. Then you could do that and quit harping on coinbase with incorrect info. |
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Third response in this thread provided the URL. |
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And for some reason no one has been able to point to the URL that explains all this information that everyone seems to know here. I posted that link on this thread, days ago, but apparently you are ignoring me. If Coinbase is around, then please send us the URL on this information. What good will it do to post it again? |
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