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This site needs to have an IQ test. After it's scored, it becomes part of your profile page. That could help us determine who to pay attention to and who to ignore.
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Or a farming game! Buy seeds, grow plants, harvest and earn coins  Yeah, I noticed in the Wikipedia article on digital currency that the author differentiates between virtual currencies and digital currencies. The Bitcoin developers may even have to transform Bitcoin into a "mining game" of some sort to keep the bankers and politicians away from it. http://en.wikipedia.org/wiki/Digital_currency |
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You can go to walmart and buy the greendot cards, they have a mastercard and visa. Buy both, and load one at a time, never 2 within 20 minutes. The only thing is its a temporary card I don't think you can use an atm since you have no pin, but you might be able to get cash back at walmart 20 times I did load 2 MP codes within 20 minutes a couple of times, so maybe that's why they flagged my account and closed it out. The card you purchase at Walmart is a temporary card, but after you register it online, they will send you a permanent card in the mail. |
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I know there's a huge list of cards that accept MoneyPaks, but I see that money of them take ridiculous fees. What cards would be best for immediately loading and cashing out via Money Orders of $2,000+?
I'm not sure if any of the MP reloadable cards will let you cash out with a $2000 money order. However, I do recommend avoiding the Walmart Money Card. I had one and there were times when I could not load more than $500 in a 24 hour period, depending on where the MP was purchased. Also, they eventually closed out my account because I wasn't "using it the way it was intended." They didn't specify why, but I'm guessing with the Walmart Money Card, you are only permitted to load MoneyPaks that you purchase yourself and you're not allowed to have someone else buy a MP code for you. Also, it could have been the fact that I never used the card to make purchases, only ATM withdrawals, but I don't think so. |
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My first question is what would happen in, say, 40 or 50 years, after the coins have all been mined? Will the network be vulnerable to a 51% attack after there is no more incentive to mine?
After all of the coins have been mined, it is anticipated that transaction fees will sufficiently compensate the nodes that are securing the network. A related question is what happens in the case of a wallet that appears suddenly after fifty or a hundred years? And I'm not talking about any discernable effect on the economy. Let's presume that we're talking about a wallet with no more than a few bitcoins that re-enter circulation. Will it still be good, assuming for instance that it was written on, say, an m-disc? Is the network built to handle such ancient currency?
Bitcoins that are not in circulation, and remain assigned to one bitcoin address for a long time, do not pose a problem at all. They will remain there until someone with a copy of the private key transfers them. The private key could be handwritten on a piece of paper, printed out as a QR code, or saved electronically on a thumb drive or CD-ROM. All that matters is that the string of letters and numbers that make up the private key can be retrieved and imported into a bitcoin wallet. You can think of the private key as the password that is associated with a particular bitcoin address. This private key will allow the bitcoins assigned to the associated bitcoin address to be unlocked. The private key does not expire. However, if the private key is lost, the bitcoins will become unspendable. And before you laugh off these questions as trivial or too far in the future to worry about, please understand that they are important to me. I have been diagnosed with Amyotrophic Lateral Sclerosis, or ALS, more commonly known as Lou Gehrig's Disease. I don't have much time left, as it is a terminal illness, and I am already at the point where my breathing is compromised. Respiratory failure could happen at any time. I am the latest recipient of the charity offered by the Society for Venturism, to have my body cryonically preserved after I've passed, with the hope that technology has eventually evolved to the point of making eventual reanimation a real possibility.
You may be interested to know that Hal Finney has also been diagnosed with ALS. He was on the receiving end of the first Bitcoin transaction: https://bitcointalk.org/index.php?topic=155054.0Thus, I am carefully weighing my options. Is Bitcoin stable enough to last the test of time? And lest you think that I'm just trying to find a way to "take it with me" after I'm gone, please understand that I will be leaving behind two precious young girls, currently nine and three, and that this damned disease has not only robbed me of a way to make a livelihood, that my government is doing its best to ensure that my family is left destitute.
I would like, as any good father would, to be able to leave something of substance to my children. As you can imagine, life insurance is completely out of reach to me now. And whatever assets remain after I'm gone, which are modest to begin with, will likely not last too long as my wife becomes a single parent, a young widow.
That's why I'm considering a gift of a couple of bitcoins to each of my daughters for their twenty-first birthdays. Assuming that the promise of the thousand year discs hold true for at least twenty years, I can imagine that it might be a bit more generous gift than the current few hundred dollars it would cost. And also assuming that bitcoins at least hold their value for that long.
Personally, I think it would be wise to set aside a few bitcoins for your daughters. The peer-to-peer nature of the Bitcoin network makes it virtually indestructible. There is no guarantee of course that Bitcoin will still be around, but I think the odds are pretty good that it will stand the test of time. |
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Still not sure how to "sign a message with your btc address to prove ownership."
I'm sorry I'm still at a loss on what to do, mainly because I still don't get the concept of a signed message and how to use it. Is a signed message a message from my client(Electrum) which says I own the address? Did Friedcat perhaps ignore my earlier PM through this site because the message was not signed and therefore any punk could just say they want the shares transferred to their account? I am guessing the signed message has something to do with preventing this kind of scam?
BTW the address I am transferring the shares from is a paper wallet, the new address for the shares will be in Electrum. Not sure if that makes a difference or not, since it is implied from the replies here that I can sign my message through electrum?
Anybody care to keep prodding me in the right direction? My humble thanks
You'll have to import the paper wallet into Electrum before you can sign a message with the private key associated with that address. (Sorry, I don't use Electrum, so I'm not sure what the specific steps are to do this.) |
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Hopefully, we'll have decentralized, peer-to-peer, crypto for cash / cash for crypto exchanges in the near future to make all of this talk of regulating exchanges moot. Trying to get the blessing of bankers and politicians will ultimately prove to be a fool's errand. Even if you were to eventually get their stamp of approval at some point, it would only be temporary. Bitcoin is simply incompatible with their agenda. You can rest assured they will go to great lengths in order to prevent a large-scale escape from fiat. The focus should be on taking the exchanges underground and rendering any current (real or imaginary) or future regulations irrelevant.
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How does a country fully adopt Bitcoin? Voluntarily--one person at a time. |
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The method I always used to obtain BitCoin was through BitInstant. I always enjoyed paying cash and getting my BTC instantly. Now that that option has been destroyed, I have no idea what to do.
Is there an alternative to BitInstant where I can make an order, go to CVS or wherever and pay cash, and receive BitCoins? Or something the similiar? I mean I would happily go to a Chase bank and make a deposit of $500 or so to get BTC in my wallet.
I know this is a newbie question, so please do not flame me for it. I really am just curious. Thank you!
You can also buy a MoneyPak code with cash at a CVS, Rite-Aid, Walgreen's, Wal-Mart etc. Instead of using the MoneyPak code to load your own prepaid debit card, you could sell the code to someone here for BTC. More info about MoneyPak reloads can be found here: https://www.moneypak.com/ReloadHowItWorks.aspxIf you would like to give it a try and are willing to send the MoneyPak code first, I'd be willing to sell BTC to you for any amount up to $500 at the Mt Gox Last rate, which is currenty $96.132. |
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I'm in the same boat as julz. I invested just before cici at about +1600 site profit, I stuck it out through the swings, and am currently still -7 profit. I figure the site needs to get to about 2700 profit for me to break even on investment.
You just have to hope that a lot of BTC doesn't get invested before JD gets up 2700, or it'll take even longer to break even. Of course, if a lot of BTC gets divested then you'll break even sooner. Edit: It appears that the amount invested has remained fairly stable for about a week now. |
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I've completed two transactions with MsBitcoin. I sent the BTC first and she provided the MP codes shortly after one confirmation. I will gladly sell to her again in the future.
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How about:  Will be higher res of course. Love it. You may want to start a new thread to see how many would be interested in doing a group buy. |
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Wait so am I doing this or is Little Shop doing it? Getting confusing. The place I saw offers them for $3.22 and you can pay regular USD for them. If you guys prefer going with littleshop for $6-8 BTC payment only let me know. Up to you guys.
I thought you were doing a magnet and LittleShop was seeing if anyone was interested in a modified sticker. Perhaps LittleShop can start a new thread to avoid hijacking yours. Those who prefer magnets can do a group buy with you and those that prefer stickers can do a group buy with him. Regarding 'In Cryptography We Trust' ... Let me play devils advocate here for a minute.
Marketing 101: you need to think about the purpose of these bumper stickers. Your audience is all that matters.
"In Cryptography We Trust" is just going to offend some people who will see it for what it is: A play on words with the removal of "God".
No different than using the Christian Fish symbol and putting 'DARWIN' in the middle of it. Its offensive to many.
They will not give a rats ass about your weird new currency when they see that.
Nothing wrong with ruffling a few feathers. After all, that's why Jesus was executed. He ruffled the feathers of the religious establisment of his time. It's blasphemous to link God to something as insidious as fiat currency. That's what they should be upset about. BTW, I'm a Christian and the expression doesn't offend me at all. The rest of the people are not in the "tech" world, and will likely zone out when they see "Cryptography".
The phrase sounds cool to you, but its not going to mean much to non geeks.
And they are the only ones who matter.
Or maybe it will spark a non-techie's interest when they see it and lead them to Google "cryptography" to find out more about it. The purpose of these bumper stickers (magnets) isnt to show that you're raging against the machine, and religion.
You're not making a statement of rebellion.
My goal at least is to get the symbol, the logo, and the thought into people's heads.
Because this is the best way to guarantee success. Familiarity. Brand recognition.
The only people worth offending with Bitcoin are bankers. Maybe something like
Bitcoin
"Privacy, Security, Freedom"
I dont know ... just thinking out loud. Im just going to order the regular one and put it on my car. :-P
I agree "Accepted Here" is a little strange, but it could also be the standard logo for bitcoin, which it is, pretty much everywhere you see it. So you'd just be promoting that standard logo. And it doesn't offend anyone. "Bitcoin" by itself would also be perfect. Brand recognition.
For me, there's more to it than "marketing" or "selling" Bitcoin. It's also about trying to wake people up. Yes, I understand most people don't want to wake up, but they need to understand that Bitcoin is much more than just a new, cool, convenient way to pay for stuff. It's also important to let people know that Bitcoin takes control of money away from bankers and politicians. Edit: I also like "Privacy, Security, Freedom". "Accepted Here" is more appropriate for a store-front window or next to a cash register. |
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MP code successfully loaded. Thanks xetsr for the flawless transaction.
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For me, the black bitcoin one (similar to my bumper sticker) with the "IN CRYPTOGRAPHY WE TRUST" looks like a good start.
You can count me in for a sticker with this design. |
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I claim that Bitcoin is a better choice than fiat because you don't have to deal with the expense and hassle of withdrawing cash from your account before you can spend it.
Where do you bank? It costs me exactly 0 dollars & 00 pennies to use my bank's ATM. There are thousands of them. If you have to pay your bank to take out your money, *you're doing it wrong.* I don't pay ATM fees myself, but there are plenty of people that do pay them. Bitcoin eliminates this needless expense for them. With Bitcoin, your money is always right there in your pocket, accessible from your smartphone.
When my phone battery is dead, when my phone is not on me, or when i want to spend my money any place other than 0 establishments accepting Bitcoin, here's what i do. Ready? Let's say i drove to a city with Bitcoin businesses: I have a credit card and a debit card in my wallet, allowing me to spend my money in x1,000,000 more places than Bitcoin. If i wish to shop in a place that takes Bitcoin? No problem! They take cash too. Oh, forgot. I also have some folding money & some change, so if i need to tip someone -- no problem, they *know* dollars. Road toll? No problem. Parking meter? Done! See how much fun i have with fiat? I can even gas up my car! Can you do that with Bitcoin? Not yet -- stay home & wait for a better tomorrow  If your battery is dead, you could use physical bitcoins. Fiat doesn't have a monopoly on physical money. Just because a business chooses to transact in fiat doesn't mean it's the better form of money. Yes, we are all going to be stuck using fiat for quite a while longer, but as with any new technology, adoption will take some time. We are still in the very early stages of the transition. The infrastructure is being built, you just have to be patient. As more and more people understand Bitcoin's advantages they won't just accept it, they will prefer it. No need to go to an ATM or bank to make a withdrawal first.
See above ^^^. Please remember to thank me for teaching you how to use monyz, i'm saving you a bundle. (Protip: Look for the ATMs with your bank's logo on them  ) A person of your intellect is in no position to be teaching anyone anything. You still have a lot to learn about how money works. You're in the right place though, and that's a start. There's plenty of people here that can get you up to speed. Sure, you can pretend ATM's don't exist, but you still have to make a withdrawal to get the fiat into your pocket (unless you have an employer that pays you in physical fiat, vice the digital fiat). Confirmation time and blockchain bloat are technical issues that will be addressed in time.
Right-o. "It's all very scientific & complicated, don't worry your purty li'l head about it, we'll take care of it later" Please. I'm not worried about it all. I'm confident that the free market will be able to easily overcome these challenges. Bitcoin's issues pale in comparison to those of fiat currencies. I'll take blockchain bloat and slow confirmations over quantitative easing and massive sovereign debt any day. I'm not saying Bitcoin is perfect, just that it's more perfect than fiat.
I'm just saying you're wrong, and backing it up with examples. If asking "can i pay in bitcoins?" gave me something other than blank stares or GTFO! in 99.99% of IRL, you might have a point. 'Till that happy day... You have not yet provided a single example of how fiat is superior to Bitcoin. You've only pointed out that more businesses are willing to accept an inferior form of money. Again, that is because we are still early in this transition to honest, sound money. It's going to take years. Give it time. Old habits die hard. These are just minor inconveniences compared to the enormous disadvantages of fiat. As businesses become aware of Bitcoin's advantages, more and more of them will start accepting Bitcoin. The transition doesn't happen overnight.
Let's stop pretending it already happened! IRL people think we're either conning them, or we're a bit touched. Let's acknowledge reality, and try to change it -- cheerleeding on this forum is pointless -- if you're here, you know & use BTC. I'm not pretending anything has already happened. Bitcoin has a long ways to go. I acknowledge that. The Wright brothers first flew a little over a hundred years ago. We didn't get military jets, unmanned drones, spacecraft, satellites, commercial airliners, and airports in every city overnight. It took time for the infrastructure to develop and for society to adapt to the new technology. Same applies to Bitcoin. |
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- no more bounced checks *stop writing checks -- problem solved! Yes, stop writing or accepting checks and start spending/accepting bitcoins and you no longer have to deal with bounced checks or waiting days to see if they clear. - no more ATM withdrawal fees *no more ATMs -- duh. Yes, another bitcoin advantage that the OP can add to his list. - no more credit card fraud/identity theft *no more credit cards -> no more credit Credit is just a loan. BTC loans exist. We would still have credit. *cancel credit cards ->problem solved! Yes, stop using and accepting credit cards and start using bitcoins for your online transactions and you no longer have to deal with credit card fraud/identity theft. You're joking, right? All of the things listed above are *optional* for using fiat -- you don't have to use them if you don't want them. If i started a Bitcoin service which, once you have registered for it, costs you 6 BTC a month & offers you *nothing*, will one of fiat's advantages be "you don't have to pay Crumbs every month"? Of course all forms of payment are optional. Money itself is optional. You could live in a cave and eat wild berries and insects if you wanted to avoid using money altogether. Bitcoin is just a better option than fiat. It seems you are struggling to grasp this. Bitcoin has all of the advantages that the costly fiat options have without the added expense. Lawdy! You claim that Bitcoin is better because it doesn't have ATM fees. I counter "that's because it doesn't have ATMs, silly! If you don't like ATMs, don't use them -- pretend they don't exist. Fiat doesn't need ATMs to function, get it?" I could point out that Bitcoin requires web access & a gadget to work, while all i need for fiat is a pocket without holes. I can point out confirmation time, blockchain bloat, that no one accepts bitcoin, that *you can't buy a gallon of milk or a gallon of gas anywhere in the world* with bitcoin, but i let you slide -- i'm a nice guy I claim that Bitcoin is a better choice than fiat because you don't have to deal with the expense and hassle of withdrawing cash from your account before you can spend it. With Bitcoin, your money is always right there in your pocket, accessible from your smartphone. No need to go to an ATM or bank to make a withdrawal first. Sure, you can pretend ATM's don't exist, but you still have to make a withdrawal to get the fiat into your pocket (unless you have an employer that pays you in physical fiat, vice the digital fiat). Confirmation time and blockchain bloat are technical issues that will be addressed in time. I'm not saying Bitcoin is perfect, just that it's more perfect than fiat. These are just minor inconveniences compared to the enormous disadvantages of fiat. As businesses become aware of Bitcoin's advantages, more and more of them will start accepting Bitcoin. The transition doesn't happen overnight. |
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Money is a fungible proxy for man's ability to reason, labor, create and produce.
I'm not sure I would call it a definition. I would call it a statement, but would modify it somewhat: "Ideally, money should be a fungible proxy for one man's ability to reason, labor, create and produce that allows him to exchange for the ability to reason, labor, create and produce of others." I think these statements just elaborate a little on the "medium of exchange" and "measure of value" definitions of money. Just a complex way of saying that money should allow for the honest exchange of fish, bread, and beer between the fisherman, baker, and brewer. |
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Personally, I would prefer to have "IN CRYPTOGRAPHY WE TRUST" printed along the bottom, instead of "ACCEPTED HERE".
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- no more bounced checks *stop writing checks -- problem solved! Yes, stop writing or accepting checks and start spending/accepting bitcoins and you no longer have to deal with bounced checks or waiting days to see if they clear. - no more ATM withdrawal fees *no more ATMs -- duh. Yes, another bitcoin advantage that the OP can add to his list. - no more credit card fraud/identity theft *no more credit cards -> no more credit Credit is just a loan. BTC loans exist. We would still have credit. *cancel credit cards ->problem solved! Yes, stop using and accepting credit cards and start using bitcoins for your online transactions and you no longer have to deal with credit card fraud/identity theft. You're joking, right? All of the things listed above are *optional* for using fiat -- you don't have to use them if you don't want them. If i started a Bitcoin service which, once you have registered for it, costs you 6 BTC a month & offers you *nothing*, will one of fiat's advantages be "you don't have to pay Crumbs every month"? Of course all forms of payment are optional. Money itself is optional. You could live in a cave and eat wild berries and insects if you wanted to avoid using money altogether. Bitcoin is just a better option than fiat. It seems you are struggling to grasp this. Bitcoin has all of the advantages that the costly fiat options have without the added expense. |
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