Isn't that scary for people with huge amounts of coins.
Isn't what scary? [Edit: Oh, ... your concern is over the address collision risk. See below:]  - https://i.imgur.com/fYFBsqp.jpgThis does not account for aliens and other beings that are capable of manipulating the Universe, time to dump my coins. |
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I feel Bitcoins are a new step in human history, or at least, the currency will at least plant the idea for future generations to accomplish. At this point there is no going back. I have to disagree with your negative perspective on Bitcoin's future, electricity for example has made is possible to share your thoughts across the globe, as it has enabled aircraft to drop bombs across the globe. All tech will have both positive and negative consequences and as a species I hope for the day where we can take a step back and say enough is enough, I don't want to participate in this slave driven system, I can think for myself.
Before I was banned from Abovetopsecret I should say that this list does not phase me in the least lol. Microchips are not necessary for control either, believe me school, supermarkets, tv, music, news, chemicals in food etc all do a fine job.
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my impression is, that all of those big players watch bitcoin closely. but all of them also know that it is foolish to move too soon and just wait and see. bitcoin is still too small for anything serious.
I guess, the thing is when Facebook was nothing serious people could have seriously competed, providing they had the foresight to do so. Now that Facebook are serious it is to late, even Google struggle to compete with Facebook in that social realm. The big companies do not necessarily need to compete under an existing brand, they could simply use existing infrastructure and create a new brand/company. If successful simply merge the companies into a "partnership". |
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I wanted to share this article as I found it to be an interesting read, perhaps the more experienced members will be familiar with the points in the article however the Q Coin etc were all new to me. I must admit, I never really think about the Asian market when in fact they do and certainly will have huge influence on the future of Bitcoin considering the East is expanding rapidly. Rather than copying the article I will post the headlines so you can get a gist of the contents, this my article by the way. Feel free to share your thoughts on the article. http://qz.com/74137/six-reasons-why-chinese-people-will-drive-the-next-bull-market-in-bitcoin/1. They’ve already done the whole virtual currency thing—with Q Coin. 2. As a medium of exchange, bitcoin could help Chinese people evade currency controls 3. Insane speculation schemes aren’t so crazy to many Chinese people. 4. PCs abound. 5. Chinese techies are used to spending an ungodly amount of time mining virtual coins in online games. 6. The government can’t track it, can’t block it, and can’t crack down on it. |
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Ok stop now this is not funny, I demand you stop with the colours and borders lol. At least you have not used Comic Sans yet. On a more serious note, any chance of showing GBP metrics too?
I support comic sans ms. Please use it on the site, then it would be perfection. You have been added to my list. |
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http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htmSchmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries. It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin. If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house. http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htmSchmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries. It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin. If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house. Shhhhh... don't give them ideas! It is not just Google, even Facebook, Twitter and and all sorts of other sites could pull the rug under Bitcoin's feet if they decided to utilize their user base. The coins would def be different in terms of the technicalities, they certainly would not require mining. I think the only plus(for us) is that most big companies would probably be to stubborn and would make the coins centralized around there own branch of companies similar to how gift cards work. An advantage for "them" would be that the system would turn a few blind eyes when it comes to regulations, we all know the law loves to fall on side of the big guy. |
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Ok stop now this is not funny, I demand you stop with the colours and borders lol. At least you have not used Comic Sans yet. On a more serious note, any chance of showing GBP metrics too?
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My wallet is starting to grow nicely.  |
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Interesting colour scheme you used there lol.
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None of my BTC have come from exchanges, or even from buying or mining as of yet, as it is complicated in the UK I have been improvising lol  . |
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I have made a few from designing for clients, I usually offer a discount in exchange for coins too. I also plan on selling advertising space and products to earn more Bitcoins in the near future.
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Hey aantonop, I have a new, free advertising network available. Would you be interested in joint partnership with each other so my users can try out you system, and your visitors have a new avenue to list their website. The site is marketuopia.co.uk, you can also list your own site if you like.
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I have decided I would like to help with the project, as you are UK based and seem serious about this venture then I feel I could add to the venture. I can do branding, web design, 3D, Illustration and pretty much any design related content. If you can do the technical stuff I am confident I could create a professional looking exchange, my coding at the moment is limited to HTML & CSS. I have been working on this project lately ( http://www.marketutopia.co.uk/). How come the .pm domain name by the way? Is it not better to use a .com and register the .co.uk too? |
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does anybody knows how many orders of ASICs were made at BFL?
I'm guessing on a friends ordernumber, that it's about 42k orders now. This is based on an order made today, which got a number like 100042xxx and since this follows the Magento default, it's likely to be somewhere in the 42k orders now. Got response on an email I sent them as well, claiming that if I order now, I'll probably get my unit in August. Surely they have a huge backorder, are the units supposedly already manufactured and in stock or have they still got to manufacture them? Seems like a stretch to ship out about 60k units within 2 months when they don't even seem to have enough units to start shipping out now. Either they don't have the units or they are delaying shipping pre-orders with stocked units, either way this adds to my suspicions lol. |
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How much would a sub $50 drop in BTC's value damage Bitcoin in the long term? Let's forget for a moment the logistics of a servere drop relative to previous history, how would an evolving negative reputation factor into the equation? Every loss of user confidence could amount to more dramatic shifts than previous history would suggest, am I correct? A good example of what I am getting at is a boxing match, a boxer can eat the jabs and he can get an idea of the opponents strength, however eventually the effects start to take more of a tole and the boxer would have to factor in the new conditions too.
I would not mind the price to dropping down to that range personally, I would definitely also be unloading my FIAT account lol.
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Supposing a UK based exchange did manage to satisfy the banks and regulatory agencies that it was in compliance with all the relevant legislation, would anyone actually use it? The Money Laundering / Terrorism / Payment Services regulations would seem to suggest that a compliant UK exchange would look something like this ... Registration would involve: - Sending a certified copy of Passport / Driving Licence (that is, a copy signed by e.g. an accountant / notary / bank manager). - And a certified copy of a recent bank statement (not an online one!). - Entering your address history for the last three years. - Consenting to a credit check / electoral roll search. - Waiting for a secret code to arrive by post and entering that to verify current address. There would be no ability to send or receive bitcoins other than to/from a single bitcoin address you control. Changing that bitcoin address would probably require a lengthy process involving sending documents by post. Deposits and withdrawals would involve paying a 1% fee to cover bank charges (faster payments aren't free for businesses). They would only be possible to/from your verified bank account (which must be in your name). Additional fees would probably have to be levied to cover the cost of regulatory compliance - say 0.5% on every trade. Any transaction you make (deposit, withdrawal, trade) may be suspended for up to a week if it looks a bit unusual or suspicious - but the exchange wouldn't be able to tell you why they suspended it, since that would be a criminal offence ("Tipping Off"). Deposits and Withdrawals above £10K (or that add up to £10K per month, or that look "a bit funny") would probably require such extensive due diligence that even talking about the due diligence is illegal. Sounds fun, eh? Any ideas for domain names - I notice www.painfulbitcoins.co.uk is free. Do those regulations apply to digital currency though? I mean, say for example I create a game and you can purchase digital items with Bitcoins, how can the government say no, no video game currency for you and what makes the currency any different legally speaking? I hope this does not come across as disagreeing, the more I think about it the more I start to think it is BS and the regulation is biased. What if, I created a game where you could store GBP in a virtual character and over an international server, that currency was converted to BTC, then instead of trading with BTC you could sell/buy the virtual characters. I guess that is the same concept as selling wallets but people sell video game characters all the time, perhaps this is a loophole? Also www.painfulbitcoins.co.uk is dead, don't tell me the bankers got them too lol. |
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I think the mods would approve. |
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Your carpet is pixelated. The photo was taken back when Youtube was not even HD lol. |
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I don't see any of you guys thinking up better coins! I mentioned energy consumption relative to the current GPU mining, I did consider the fact people might spend more time driving to locations though lol. Another coin idea I had was Bankercoin, you gain Bankercoin's by throwing rocks at bankers and recording video as proof of work. The larger the object the more you earn, it is a kill two birds with one stone kind of scenario.
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I totally understand where you are coming from, UK is rip off when it comes to bitcoin. I have looked into all the methods posted here, as op stated Localbitcoins and Bitbargain seem rather expensive, one guy is advertising to buy at £40 on one site and is selling at £100 on the other. Extortionate UK bank charges for international transfers make the big exchanges nonviable for someone just wanting one or two coins to get into the system, BitcoinFridge seems to have died, I put in a buy request and have had no response and other methods take at least 48 hours, which is unrealistic when prices can move by as much as £20 in an hour.
There must be many more people like the op and myself here in UK who are frustrated at the situation here, especially when you consider that for example I bought a laptop battery from Hong Kong on ebay, paid by paypal and received it within 3 days and yes I understand the problems re paypal chargebacks.
It seems the rest of the world doesn't trust the British banking system, can't say I blame em with George Osborne in charge.
No its just UK banks charge extortionate fees for international and even just EU intra-SEPA transfers for UK personal accounts. You can tho use TransferWise to get money into Bitstamp or MtGox for just £1 but I'm not sure if it works the same for withdrawals. I keep seeing people trying to push TransferWise but like I said before 48 hours is too long to make a translation with the current volatility of Bitcoin. To be honest I think the TransferWise pushing is partly due to the affiliate program lol. Regardless it is one of the very few options available s...o  . It does kind of negate the whole instantly sending coins when it can take days just to get the BTC into an account. Whoever does find a way around this could dominate the UK market, I don't really believe the UK citizens trust their government. At least all the people I know hate every banker/politician and would rather those corrupt officials got sent to the highest volcano peak and asked politely to jump of the edge. |
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