Someone did and then nobody used it

Love how they open with,


Because all those numbers sitting in bank accounts actually exist.

Use another exchange

Ha!  Now we really gotta bring this idea to life.  I can lend my artistic talents OP if you ever have the time

So it only counts while online?  Would it have to be online 100% of the time to ever hit the time required to gain the 1% a year?

I like this service, but I'd rather not participate.  Agree with other posters; you're asking for work without the promise of payment.  Normally when someone needs work done, they'll ask someone (or some people) to do it, and in return, the hours that person put in to get the work done are compensated.  In this case, workers come in thinking they're participating in a contest, but in reality, they're working for free at the leisure of the contest owner so he has more choices to pick from without paying for the option.  A contest should be reserved for just that: a contest.  People compete and someone comes out a winner, but we may not even get to enjoy that in this case:


Anyway.  I do enjoy this website and use it often, but I feel there are better, more legitimate means to producing a logo, than dangling 4 BTC on a string over our heads with the prospect that maybe one of us will get it.

Imagine if builders worked the same way.  Five teams of builders all created five separate homes, and the prospective buyer decides he doesn't want any of them, and nobody wins the home-building contest.    Just a waste of time and resource because the guy who setup the contest couldn't be specific in what he wanted and who he wanted to do it.

Because it's Gox ROFL

OH LAWDY

It's like every day there's a problem with Bitinstant

You should post in the Bitinstant support thread, and you'll find someone who can help you out.  Should be stickied near the top of this board.

Oh!  That's interesting.  So you'd need to somehow get 51% of all the PPcoins available to have control over network.  That's a lot harder to accomplish, since, in BTC's case, you can coerce a group of miners into one pool and thus take over the network in this way, but you'll never coerce someone into sending all their coins.  However, if this managed to happen, it would be difficult to reverse the effect, wouldn't it?

Aside from that.  It would seem to me that you'd be better off putting some PPcoins in cold storage, and having a separate wallet in which you spend.  The cold storage coins slowly build up, and if you gotta break into it to get more funds, you have a few more than you had before.  1% really isn't a lot tho   It's almost pointless, lest you have quite a nice sum.

That's interesting.  I think I get it; by ending PoW mining, people will no longer have to burn loads of electricity and burnt computers, and instead, all that they got through the mining (and selling) will then be used to "mine" the rest.  So do the coins get automatically added to your wallet based on how many you have at the time?  And if you move them at all, does the counter reset?  Very unusual.  And is it as secure as the PoW method?

That's odd.  What are they encouraging by doing this?  Save more?

That's pretty awesome man   Sounds like you've got the workings of a BTC graphic novel going on.

Food doesn't need to be regulated by government; the government is a collective whore and the FDA doesn't give two shits if factories are up to standard, so long as they're paid well.  Why can the people not regulate the food?  For example:  Bill ate a bad cheeseburger.  The meat was tainted.  The supplier of the meat was Company X.  Bill lets his colleagues know not to buy from Company X because they produce tainted meat, for their conditions for the meat are bad.  Company X goes out of business because they're not getting any business with their tainted meat; or, they improve the quality of their meat, and attempt to keep going with what they're going.

What's the government doing that people can't?  Right: making decisions for you.  If Company X made bad meat CONSISTENTLY (and they do, if you've been keeping up with the antics of the food industry), and they lobbied to stay in business and stay in supermarkets, why should Company X care about cleaner food conditions?  They shouldn't.  They don't want to, because cleanliness costs money, and profits need to be maximized.  It's a lot cheaper to buy a politician than the route I described earlier.  This leads to a severe decrease in quality goods.  This is the government to which you refer (I assume; sorry if you're not an American), and there is no scenario in a capitalistic society in which money does not apply.  To regulate anything is to regulate money.

Actually, I do, because your idea is non-existent.  I've already donated to this cause.  I'm not donating so you can fool someone else into thinking you're innovative.

There have already been numerous posts about DEFCAD on this site.  Nobody spreading the word before was asking for help to land them a job.  And why should I give you any ideas?  You've got an agenda to follow, and that agenda is, "Gotta get that job."  You're a few steps above leech.  If I have any ideas, I'll be sure to let the folks at DEFCAD know that it wasn't you who made them.

No offense, but, shouldn't I simply donate direct to DEFCAD?  This isn't the type of innovation they're looking for; asking people for money on your behalf is something anyone can do.  What are doing to up the ante?  If this is it, I don't think you deserve that job.

I don't believe we've ever spoken, OP, but you seem like just the type of guy I get along with.  My sentiments exactly, there has never been a community of such like-minded high-thinking individuals like that found here.

Almost sounds like I'm gloating

NO NOT THE INTERNET   TAKE MY WIFE AND KIDS, ANYTHING BUT THAT

I saw that a little while ago.  Didn't really understand who would want it.  Why would I buy game coins?  What the fuck would I do with those?  It's almost as bad as those free MMOs in which you have to buy all your equipment to progress through the game.  Just a waste of time.

1.  It's generally anonymous.  The guy you're trading with doesn't need to see your ID.  He doesn't need to see your driver's license.  He doesn't need to know your Social Security number.  He doesn't need to see a bill within the last 3 months that proves you live at the address you say you live at.  Any exchange involving USD will want at least one of these, if not all of them.

2.  Show up with cash, buy the coins, go home.  You have to pay for gas, but, that's about it.

3.  The exchanges are a bitch to put money into, as you said.  No matter what you do, there's a lengthy process involved.  USD is just fucking hard to move around, thanks to regulation; the gov has to make sure you're doing what they want you to do with your money.

My thoughts as well.  Store in Bitcoin, trade in Litecoin.  Perfect complements.