Time for me to send Wikipedia an email: $1,000 USD Bitcoin Donation to Wikipedia
I'm well aware that others before I have written you fine folks about accepting bitcoins as one of your donation options. I fully expect to receive the same auto-response reply they have gotten in the pass.
But, since I represent Bitcoin 100, I want to declare that once Wikipedia starts accepting bitcoin donations, Bitcoin 100 will send a $1,000 USD donation in BTC to any Bitcoin wallet address provided under your control, predicated that funds are still available, of which currently we have $163,475.59 in our coffer as seen here: https://blockchain.info/address/1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac
If or when a decision is made for Wikipedia to start accepting donations in bitcoins, please consider using Bitpay (https://bitpay.com/) as your payment provider, whereupon you'll never incur a processing fee.
I'm from Sandwich, Illinois, currently in Pensacola, FL, to help a Bitcoin-accepting NPO, Sean's Outpost, with their Thanksgiving at Satoshi Forest endeavor to feed the homeless. Once I leave here, I'm heading to a two-day Las Vegas conference to raise a million dollars via strictly bitcoins for the Typhoon Haiyan Relief Fund.
As you're well aware, Bitcoin is now a force to reckon with and, sooner or later, the major NPOs and NGOs worldwide will be accepting bitcoins to not only increase their fund raising drive efforts, but lower their cost as well when doing such.
Allow me to share with you something I found on the internet: http://en.wikipedia.org/wiki/Technology_adoption_lifecycle. Clearly, Wikipedia can be an "Early Adopter" or a "Laggard". It's your call, but we at Bitcoin 100, along with the Bitcoin community, hope you wisely choose the former and lead the way for all other NPOs/NGOs to follow in your footsteps, oppose to you wise folks following in some other's.
Sincerely,
Bruno Kucinskas a.k.a. The Most Interesting Bitcoiner in the World
815-508-1668 Bruno's dead. http://www.tributes.com/show/Bruno-Kucinskas-89015430 |
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Kudos to Cryddit for admitting a mistake and more so for attempting to educate us less knowledgeable users.
@ anth0ny , thanks for the offer of exchange but I think I'll hang on to my bits for now lol.
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I can see fees becoming a scammers dream.
Imagine "for sale 0.8 BTC , $US at Mt. Gox rate, you pay fees" and your'e buying hundreds of bits of dust.
This is incorrect. Even if the transaction is from many txouts in the sender's wallet (and they have to pay a larger fee), you will be receiving a single consolidated payment for the amount. The only instance where "buyer pays fees" may be services where you withdraw a balance from your account on an exchange or pool to your wallet. Professionals manage their wallets so amplified fees don't occur. Dude, you missed it where he said "you pay fees" was part of the deal. That's a dumb deal to accept, and highly nonstandard, but Deesome is absolutely right. Thanks Cryddit, the scenario I was imagining was newbies with not a lot money to invest wanting to get into Bitcoin. |
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Fees are needed to pay miners for their work in securing the network.
If miners don't work, transactions won't ever confirm anymore.
So you just have to pay miners enough for them to keep on confirming transactions.
0.0000001 or 0.05, all depends on what the miners think is acceptable.
If you don't agree, just mine and setup your own fee policy.
/thread.
So theoretically if I have a wallet loaded with a small balance say 1.2 btc comprised of dust transactions, I could re-download the bitcoin client with a new wallet address and start mining with no fees then send myself the 1.2btc. Would that consolidate the dust into one Bitcoin transaction? |
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I can see fees becoming a scammers dream.
Imagine "for sale 0.8 BTC , $US at Mt. Gox rate, you pay fees" and your'e buying hundreds of bits of dust.
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So much bad information. Why do you make these things up? It's really not that difficult. Detailed info for the reference client here: https://en.bitcoin.it/wiki/Transaction_feesmintxfee has historically been lowered to be less than $0.1 Trouble with those wiki articles is they are written by people who know bitcoin inside out and make little sense to someone with no technical knowledge. |
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Please excuse if this has been asked before but quite a while back I mined 1.10024 coins through pools over a period of several weeks receiving payments on average of 0.01xxxxxxx to 0.02 coins.
If I want to send a payment of say 0.5 coins to someone am I going to have to pay a fortune in fees because my one whole coin is comprised of lots of little bits?
If you want to spend 0.5 Bitcoins, (say, $500) and that takes you 30 to 50 of the size coins you've got, you'll be paying 25 to 38 dollars in transaction fees. That's more reasonable than the situation the OP is faced with, but still damned annoying. Like you say the OP is fucked basically and in my scenario nearly fucked as I doubt I would have used all that electric to mine had I known, I believed the "minimal fees" hype that everyone was flouting. It appears to me that Bitcoin is running into the realms of a currency of the wealthy ie. those who can buy whole coins, which will no doubt deter new users coming into the fold. Could it not be built into the system that small fragments that are kept in a wallet for a certain length of time after x notifications are coalesced into larger units? |
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Please excuse if this has been asked before but quite a while back I mined 1.10024 coins through pools over a period of several weeks receiving payments on average of 0.01xxxxxxx to 0.02 coins.
If I want to send a payment of say 0.5 coins to someone am I going to have to pay a fortune in fees because my one whole coin is comprised of lots of little bits?
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@Impaler and Birdy I am pretty much happy with any monetary system that treats everyone fairly and consistently and is not corrupted by bankers and politicians.
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Such a currency already exists, it's called Freicoin.  Did you read the article? Freicoin is decentralized much as in the same way as Bitcoin. He is advocating a CENTRALIZED (government/Fed) run e-currency. |
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Now this guy is talking scary shit but even more scary, will governments think it's maybe a good idea. "There's An Electronic Currency That Could Save The Economy — And It's Not Bitcoin" "University of Michigan economist Miles Kimball has developed a theoretical solution to this problem in the form of an electronic currency that would allow the Fed to bring nominal rates below zero to combat recessions. He's been presenting his plan to different economists and central bankers around the world." http://finance.yahoo.com/news/theres-electronic-currency-could-save-121228399.html |
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Wait till someone puts one in Manchester airport UK and see how long it takes for the cops to close the M56 and all other major roads leading to it lol.
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The host did seem relatively neutral though, I'll give her that
It's the BBC. Hosts are not allowed to express bias, on factual programs. YOU WHAT? Us Brits don't call it the Biased Broadcasting Company for nothing ya know.  |
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More great news for Bitcoin. Cyprus University world first to accept bitcoins for tuition. http://rt.com/business/bitcoin-nicosia-university-tuition-060/The University's home page confirms. including associated institutions "Bitcoin will be accepted throughout the whole University of Nicosia system, including affiliated institutions such as: St. George’s University of London/UNic Medical School, a partnership between St. George’s University of London and UNic UNic Online Degree Divisions, offering online programs to students worldwide Intercollege, vocational colleges in Nicosia, Limassol and Larnaca Globaltraining, professional training division offering courses in Cyprus, Greece and Romania Erasmus and Global Semesters programs" http://www.unic.ac.cy/about-us/university-of-nicosia-digital-currency-initiative/bitcoin-payments |
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Originally posted by danieldaniel
Reposted for others to read.
Just been released from prison blah blah blah
Just wondering why this load of crap has been attributed to the user danieldaniel when it was actually posted by user CarloPonzi (total of 3 posts) in Newbies section here https://bitcointalk.org/index.php?topic=339096.0;all. Could it be op has an axe to grind with danieldaniel? Funnily enough when I googled danieldaniel I found some results for "bitcoin-court" which I found rather worrying. Who empowered some users to stand as judge and jury with the power to decide if people lose funds? Or were these people actually scamming themselves. http://www.adversary.org/bitcoin-otc/ladypearl/FreeNode-bitcoin-court2-20121221.txt |
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17ft Showmans catering trailer and X Reg. diesel LWB semi high Transit van, tested till April 2014. The trailer has large LPG fired griddle, 4 ring gas hob, hot and cold bain-maries, burco boiler,, large potato/pie/pizza oven, electric chip fryer, microwave, glass fronted fridge and cash register plus Honda petrol generator.
I have this advertised for £8000 but will accept £6,500 in Bitcoins at going Mt. Gox rate.
Send me PM for details.
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Well towards getting some kind of reasoned response from Coin Validation I tweeted a link to Alex Waters & Yifu Guo for the above thread. Couldnt find their email, but their twitter handle are easy to find, and they appear to be very current. https://twitter.com/adam3us/status/401104148558397440Adam I think I speak for many in saying thanks for your input Adam, it seems to me there are too many business minds involved in the decision making of Bitcoin whose only concerns are the profit for themselves aspect. |
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Even this uncertainty has made one decision for me.
I've been thinking over getting new mining equipment. This confirms to me that it's definitely, definitely too much risk. Until we have a clear way forward, I cannot commit to something that could be a dead loss in 6-12 months.
If a movement amongst miners started to use mining to ban clean addresses from the blockchain, I would step up and even swallow a loss, but only if it had a good chance to break the usability of the clean list.
I like your idea Carlton, get the miners to stop it in it's tracks. I bet Xperian and Equifax are salivating at Mike Hearn's suggestion. |
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