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101  Other / Off-topic / Re: Blockchain currencies and long space travel on: September 05, 2013, 04:08:40 PM
Help me understand this.  Assume no mining is done.  I could still broadcast a transaction from Mars, right? It would take several minutes to get to Earth, and terrestrial miners would then include it whatever block they are working on. Once the block is made and broadcast, I would receive it with a delay, and would be able to check the validity, broadcast it locally, etc. Where is the problem?


Right. But think of it as LOOONNNGGG confirmation time waits. If thatís acceptable, youíre golden.

But in the OPís scenario, is it not just as if we have a Daughter Blockchain until communications are re-established? It should be possible to re-integrate the chains, since no transactions will occur between the ship and Earth during transit, so no worries about time stamp correlation.

I guess the same thing could pertain to Mars-Earth transactions too.

Sometimes I amuse myself by wondering how Bitcoin would have worked during the Age of Sail, when ships were incommunicado for months or years at a time. (Mining with Abacuses! Babbage Engines! Slide Rules! Anachronisms!)

With the coming interplanetary Bitcoin community, we are heading back to that situation!
102  Other / Off-topic / Re: Blockchain currencies and long space travel on: September 05, 2013, 03:32:26 PM
AHH! You beat me to it! I was thinking about starting a thread with this topic, it would have been my first! Heh!

Has anyone read Charles Stross's Neptune's Brood? I believe it might address these points. I think it does mention Bitcoin, and has to do with interstellar forensic accountants. Also the concept of Fast and Slow money. Which is sort of how I think of fiat (fast) and Bitcoin (slow). Don't know if this jibes with Stross's book, which I need to read, soon.

The Lightspeed Barrier. They don't break it in Stross's book, and we may not break it ever (but I hope I am wrong!). Even for a colony on Mars, our own backyard, the lag can be IIRC 3 to 23 minutes. Or even longer, if we have to wait for it to emerge from the other side of the sun...

1) All nodes don't mine.  It would be beyond stupid to try and mine on a starship with minute long latency.  

2) Bitcoins can be used off chain.   If for some reason you needed "Bitcoin spending money" far away from earth the crew would simply escrow their funds and then use an off blockchain transactions.  When the crew returned they would be paid their final balance from the escrowed funds.


Excellent. In effect there is also a timelag when we have paper wallets. Not the same, but...

103  Other / Beginners & Help / Re: Anyone with Local Bitcoins experience? on: September 05, 2013, 03:13:56 PM
LOL!
104  Other / Beginners & Help / Re: Anyone with Local Bitcoins experience? on: September 05, 2013, 02:56:35 PM
As a seller I have always worried about the "grab and run" and until recently I thought that I was just being paranoid BUT:

https://bitcointalk.org/index.php?topic=288053.0

So, as a seller what I do is meet toward the back of the coffee shop, not near the door.  I make sure I have my running shoes on in case I need to chase and tackle them.  If there are a lot of tables and people between us and the door then I figure it will slow them down enough for me to get them before they make it to the door.

Another word of warning for sellers here (lame scam attempted on me):

https://bitcointalk.org/index.php?topic=278352.0

And a word of warning to would be scammers.  You never know if the one you are scamming or attempting to scam has some real skills, read this entire thread, it is hilarious:

https://bitcointalk.org/index.php?topic=279648.0


I too use localbitcoins, and I thought I was paranoid, but this is beyond even MY wariness. Then again, his precautions make sense, for larger amounts. Because my transactions are so much smaller, I am a bit more casual. Plus, the first time you meet somebody, your PeopleRadar is active, and you can get a sense of the person.

For smaller amounts, I don't think a grab and run is going to take place, after you have all the equipment, laptop, cell etc out... Therefore, I would recommend that you keep the initial transactions smallish, until you know the person involved. JMHO.

Pick a user with a lot of reputation (make sure to check who is giving reputation too) and you should be OK.

That's how I picked my contact. Reputation is very important.

Good luck!

105  Economy / Service Announcements / Re: FREE 0,03 BTC for Customers that leave feedback - www.coin-daddy.com on: September 05, 2013, 02:27:12 PM
1: Too expensive

2: It all refers back to the USD

3: Ltc to BTC would be useful.

Also, putting your address in the Paypal description is just asking for an unwanted transaction reversal. We all know that Paypal is very hostile to all things Bitcoin. If you can keep this information completely separate from anything which would find its way to Paypal, this would give you, the merchant some degree of safety.

Although eventually Paypal WILL connect you with Bitcoin. Perhaps a ďfriendlyĒ credit card company would be more accommodating, though from a customerís point of view, Paypal is ideal. A bit of a conundrum, I agree.

I DO like the discount for quantity, though.


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106  Economy / Economics / Re: The Switzerland of Bitcoin on: September 04, 2013, 02:04:41 PM
Canada:        TIMBITCOINS!
107  Bitcoin / Hardware wallets / Re: Why isn't there a single purpose bitcoin hardware wallet ??? on: September 03, 2013, 06:20:28 PM
...




Well, I am blown away by this! Not at all what I envisioned, but Stunning! Applause, Sir!
108  Bitcoin / Hardware wallets / Re: Why isn't there a single purpose bitcoin hardware wallet ??? on: September 02, 2013, 08:29:38 PM
Actually, this is what I want too. But make the device robust. G-Shock robust. Cover it with scales, so you wonít drop it easily, and put a lanyard on it so you canít drop it at all, say, when you are sightseeing at Niagara Falls and transferring BTC to a client...

Or what if Casio made an actual G-Shock Bitcoin wallet? More useful than Tide information in Omaha Iíd say. Although I still want sunrise/sunset alarms. Thatís just me though.

Many options exist for security, I wonít go into them here.

And just as some coin wallets have numerous compartments for whatever, being able to hold several different currencies might not be a bad idea. Mintchip, anyone? And some fiat as well, for gasoline/snack purchases maybe. Cambodian Tire money? Timbitcoins?
109  Economy / Speculation / Re: Is the bubble over or has it just started ??? on: September 02, 2013, 08:01:04 PM

"I speculate it will get to $4355980.7.  Does that help? Wink"

For ACCURACY I moved the decimal point to the proper position. Hope this helps.

4 mio Huh? wow. i save this for the later world wondering about this incredibly detailed forecast.

Sorry, that's several bubbles away. For this mini-bubble, $435 is pretty close. But next year's bubble should peak at around $2903, IIRC. ATTENTION, BY ORDER OF THE TIME POLICE, ALL WHO HAVE READ THIS THREAD ARE ORDERED TO TAKE THE PLAID SUPPOSITORY WITHOUT DELAY.
110  Economy / Speculation / Re: Is the bubble over or has it just started ??? on: September 02, 2013, 05:10:20 PM
we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

Please be more precise in future. These vague numbers are hard to plug into my abacus.

I speculate it will get to $435.59807.  Does that help? Wink


"I speculate it will get to $4355980.7.  Does that help? Wink"

For ACCURACY I moved the decimal point to the proper position. Hope this helps.
111  Other / Off-topic / Re: P.O.C.B.S ~ Is BitSquirrel's Identity Soon to be Revealed? on: September 02, 2013, 04:19:44 PM
He will have a protector:
112  Economy / Speculation / Re: I know what some of you are thinking. on: September 02, 2013, 04:04:46 PM

... Later this century we will see gold & silver largely devalued as asteroid mining comes into play (trust me, sooner or later it is coming) which will be the time when cryptocurrencies are actually the only scarce monetary assets in existence, which will put them in a very respected position. That is the final seal that guarantees cryptocurrency domination.

Someone who actually gets it! With a name like Technomage, you might expect that. I used to worry about the combination of cheap nuclear energy (but after Fukushima, not so much) and transmutation. But asteroid mining seems closer, especially with the forward looking D.D. Harriman, I mean P. Diamandis, not to mention E. Musk.

Gold will become an industrial metal, and one much less useful than silver. Itís just matter of timing. Therefore, the rise of Bitcoin, or its successor, is also unavoidable. Unless we somehow (NTDL) discover AND monetize stable trans-uranium elements...
113  Economy / Speculation / Re: Is the bubble over or has it just started ??? on: September 02, 2013, 03:22:43 PM
we're in the beginning phases of bubble 3.0. this time we will reach $434 before crashing.

Please be more precise in future. These vague numbers are hard to plug into my abacus.
114  Other / Beginners & Help / Re: Greetings: on: September 02, 2013, 02:52:17 PM
Hi!

I think if I were just starting, I would concentrate on being safe and secure. So get a few small amounts and experiment. And run Linux! Just MHO. Good Luck!
115  Other / Off-topic / Re: This thread WILL change your life! on: September 01, 2013, 06:28:40 AM
The moment I looked upon this thread my bank account balance tripled and my dick grew 4 extra inches.

Thank you so much.

Nah! This is a total waste of time.

Pic of your bank account balance tripling or it didn't happen.

Balance = $0    Therefore....

By the way: Best Thread Poll Ever! Very Positive!
116  Economy / Economics / Re: Why do people trust fiat money? on: September 01, 2013, 03:40:08 AM
Most people know how fiat money works, but very few know how fiat money really works. That is why they trust it.

This comment gets right to the heart of the matter. Thumbs up!
117  Economy / Speculation / Re: Track Record Forum Members on: August 31, 2013, 10:37:19 PM
OP: This is a fascinating thread. Thanks for starting it. I know I will be paying special attention to several members spotlighted within, and it was very good to have them comment on various calls. Please keep it going!
118  Economy / Speculation / Re: future december prices of btc on: August 31, 2013, 10:23:15 PM
December 2013: $350
December 2014: $5,000
December 2015: $80,000
December 2016: ONE MILLION DOLLARS



LOL, is it just me or does that picture remind you of.... Oh, I see it's Austin Powers, never mind!

Nevertheless, outrageous as Foxpup's numbers seem on first glance, I wouldn't be my life against them.
119  Economy / Speculation / Re: September and October will be eventful. on: August 31, 2013, 10:13:52 PM

- This time around I plan on selling half of my stash when the price doubles for what I paid and then I will buy more if the price does crash.  If it never crashes again then I have a small little stash of BTC that I did not pay anything for at least so it becomes a zero risk investment regardless of what it does at that point.  That is my thinking anyways.

^ Excellent thinking! Totally approve. But do you have the discipline? When your sell price is reached, will you pull the trigger?

Besides Bitcoin, as we all know is DIFFERENT!

Well, it may actually be.
120  Economy / Speculation / Re: Bitcoin will hit $190 today: here's why on: August 31, 2013, 09:53:38 PM
OP: at $190 US, how many do you want to buy from me? (Today!) - Don't make me that offer in one year...
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