This is so awesome. I'm telling everyone about it. How do I clear out a wallet though? For example, say I have 100btc, I can't withdraw 100, i have to do 99.0099 or something.
Every good question has an answer in it..  |
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Electric... if you believe lending at interest to be immoral and wrong, that is a fine opinion to have. But trying to force your morality on other people who disagree with you seems antagonistic to the "trust and compassion" you use to justify your position.
Personally, I've loaned money, and I've borrowed money at interest. Both behaviors made me better off, and they made the person on the opposite side of the trade better off as well. Far from "pushing society apart," interest-bearing loans help society to flourish, for resources which may be more profitably used by others are able to be acquired in a free and open bidding process... an "interest rate" is simply the price that such a process results in, at any given time.
Your alternative of "only relying on trust and compassion" for lending is a great policy among friends, but limits the scope of the marketplace for money solely to close groups of friends.
If your policy were implemented as law, I promise you society would be impoverished for its lack of "usury."
True true.. |
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All currencies inherently favor an arbitrary group of people, and so corrupts that group. Any system that requires one person to submit to another in any fashion is going to develop into a corrupt and tyrannical one given enough time. Learning to use our technological capabilities for the benefit of all people would obviate the need for any currency, and therefor any need for submission or slavery.
The root of the problem is human nature.. not methods... Bitcoin just removes another instrument in arsenal of power. Leaving more radical methods the only options... There will be blood - definitely... Things like Bitcoin just haste development of the people and everything will come down to... If you wanna live - change yourself from inside.. ( and no technology will ever help you with this no matter how developed it is) |
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The other message you could take away from this data is that only 1% of the people are careless enough to leave large amounts of BTC on a trading site.
True.. Lack of guarantees |
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bump... can somebody do it?
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you can send paypal to Gavin directly now like I did... in couple of weeks they will set up foundation
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very nice guy, but he is spreading so much and not talking about bitcoin.... This is happens when you don't have prepared speech
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If it is not open source - forget it.... just don't spend your time on it you will not get a dime out of it...
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Nice idea... but how it will simplify buying bitcoins? buying bonds seems to be complicated thing
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I run my fund using Elliott wave principle in trading and Robert Prechter contributed A LOT to make ideas of Mr. Elliott popular.. I would highly recommend "A Comprehensive Course On The Wave Principle" by him... You can read no further beyond this book to profit from markets consistently...
To all the haters:
1. It does not take you to read this book once to become millionaire.. multiply on years of hard work and patience.
2. It does not matter how many times he was right and how many wrong - what matters how much money do you make when you are right and how much do you lose when you are wrong.
Good luck!
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Ripple is "debt" transfer as a matter of fact. and useful when asset transfer is very troublesome... like moving stash of cash from one country to another... Since using Bitcoin for moving "stash of cash" is already very easy it makes Ripple not so much needed.. IMHO
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How to calculate "fair" value of the share: 1. Go to http://instaforex.com/pamm_monitoring.php?trader=50494092. Find number that says "Grows profit": +52.71% at the moment 3. Get BTC/USD rate - 2.74 at the moment. 4. Calculate result from formula = ($1 * ( 1 + ((Growth profit-50%)/2)/100)) / BTC rate 5. ($1 * ( 1 + ((52.71%-50%)/2)/100)) / 2.74 = 0.3699 BTCNote: 50% in formula - performance already achieved at the time shares where issued, so it subtracted. Note: Share value will fluctuate as BTC/USD and Profit values fluctuate... So it will be always changing.. |
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According to my logic it must say.. Three-party escrow (buyer, seller and trusted dispute agent). 2-of-3 signatures required transactions will be used. The buyer and seller and agent will each provide a public key, and the buyer will then send coins into a 2-of-3 CHECKMULTISIG transaction and send the seller and the agent the transaction id. The seller will fulfill their obligation and then ask the buyer to co-sign a transaction ( already signed by seller ) that sends the tied-up coins to him (seller).
Instead Three-party escrow (buyer, seller and trusted dispute agent). 2-of-3 signatures required transactions will be used. The buyer and seller and agent will each provide a public key, and the buyer will then send coins into a 2-of-3 CHECKMULTISIG transaction and send the seller and the agent the transaction id. The seller will fulfill their obligation and then ask the seller to sign a transaction that sends the tied-up coins to the buyer. |
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