iCEBREAKER
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Crypto is the separation of Power and State.
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August 17, 2012, 05:13:52 PM |
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Anyone here have any idea as to what Gavin was alluding to? The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos." http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trustSecond to last paragraph. Multisig? Ecuador is changing its name to Wikitopia, appointing Julian Assange benevolent dictator for life and making Bitcoin ("Bitpeso") the official currency. All foreign debt will be repaid in LitePeso... *looks forward to more exciting controversy and chaos* |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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drrussellshane
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August 17, 2012, 05:36:48 PM
Last edit: August 17, 2012, 06:23:11 PM by drrussellshane |
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I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency,[...]
Think for a second. Who cares if bitcoin is a country's official currency? Bitcoin use need only be protected by law in a certain country to gain added legitimacy... An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not? I understand what you are saying, but generally, laws/statutes outlaw things rather than say what is acceptable. For example, there is no law that says "yes, hamburgers are legal". Attorneys may quibble and argue somehow that bitcoins are "illegal", but they are certainly not inherently unlawful, and they will not become unlawful regardless of what the ones in black robes say. |
Buy a TREZOR! Premier BTC hardware wallet. If you're reading this, you should probably buy one if you don't already have one. You'll thank me later.
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Phinnaeus Gage
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Activity: 1918
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Bitcoin: An Idea Worth Spending
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August 17, 2012, 05:51:51 PM |
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Gavin = Pirate = Satoshi
Q.E.D.
GPS Mobile now comes to mind. |
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barbarousrelic
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August 17, 2012, 06:20:21 PM |
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I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency,[...]
Think for a second. Who cares if bitcoin is a country's official currency? Bitcoin use need only be protected by law in a certain country to gain added legitimacy... An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not? As someone else said, everything is legal until it is made illegal. What would help, though, is legal enforcement of Bitcoin contracts, brought about through favorable judicial rulings. Namely, a judgment that ordered one party to pay another party in Bitcoins. |
Do not waste your time debating whether Bitcoin can work. It does work.
"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.
There is no such thing as "market manipulation." There is only buying and selling.
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Elwar
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Viva Ut Vivas
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August 17, 2012, 06:32:14 PM |
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The quote is: "The Bitcoin Project will be making a major announcement in September that should contribute some stability"
I do not see any game changer here.
I will also be making a major announcement in September that may be kinda exciting.
Or it may not.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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gilgil
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Activity: 60
Merit: 10
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August 17, 2012, 06:53:02 PM |
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Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?
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Bitrated user: gil.
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finkleshnorts
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August 17, 2012, 06:56:30 PM |
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Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?
If BFL IPOs before the ASIC release, we should all have a pretty good idea of where that capital is going. I sure wouldn't buy. |
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Spekulatius
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August 17, 2012, 09:01:19 PM |
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Maybe Pirate made the announcement a bit prematurely?
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mobile4ever
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August 17, 2012, 09:51:00 PM |
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I understand what you are saying, but generally, laws/statutes outlaw things rather than say what is acceptable.
For example, there is no law that says "yes, hamburgers are legal".
Attorneys may quibble and argue somehow that bitcoins are "illegal", but they are certainly not inherently unlawful, and they will not become unlawful regardless of what the ones in black robes say.
It is the people who need to approve what goes on in their economics. That is why BTC is important. Having a small group of people tell a very large group of people what their money is worth has not turned out well in the past. |
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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August 18, 2012, 02:17:56 AM |
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According to the graph on this page http://www.facebook.com/bitcoinusers/likes, at this rate there'll be fewer people taking about Bitcoin if the trend continues, thus doubling the price we're seeing now, if the graph is a bellwether for why the exchange rate has gone up in the past month. Currently, something doesn't smell right, but by September we may have some sort of stability? Take a look at that graph, and try to make heads or tails out of it. ~Bruno~ |
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notme
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August 18, 2012, 02:22:01 AM |
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According to the graph on this page http://www.facebook.com/bitcoinusers/likes, at this rate there'll be fewer people taking about Bitcoin if the trend continues, thus doubling the price we're seeing now, if the graph is a bellwether for why the exchange rate has gone up in the past month. Currently, something doesn't smell right, but by September we may have some sort of stability? Take a look at that graph, and try to make heads or tails out of it. ~Bruno~ I'm not allowed to see your graph, but I vote tails. |
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Gavin Andresen
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Chief Scientist
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August 18, 2012, 02:25:47 AM |
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All right, all right, enough speculation. I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin. |
How often do you get the chance to work on a potentially world-changing project?
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BkkCoins
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August 18, 2012, 02:27:50 AM |
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All right, all right, enough speculation. I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin. Ha ha, you didn't even buy the domain to pull this one off... Must be part of expanding in Japan as I hear the teens there sell their undies. sniff sniff. The perfect way to pay for stinky undies is Bitcoin. |
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justusranvier
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August 18, 2012, 02:30:00 AM |
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Julian Assange will be digitized and smuggled out of the UK via the blockchain while wearing alpaca underwear.
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Bitcoin Oz
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August 18, 2012, 02:32:37 AM |
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All right, all right, enough speculation. I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin. Can I sell an undies passthrough on glbse ? |
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paraipan
In memoriam
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Firstbits: 1pirata
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August 18, 2012, 07:33:12 AM |
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All right, all right, enough speculation. I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin. Nice one  What is it then? At least give us some hints Gavin |
BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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Phinnaeus Gage
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Activity: 1918
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Bitcoin: An Idea Worth Spending
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August 18, 2012, 07:46:34 AM |
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 Psst! September is nigh! |
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gilgil
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August 18, 2012, 08:23:36 AM |
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Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?
If BFL IPOs before the ASIC release, we should all have a pretty good idea of where that capital is going. I sure wouldn't buy. Where would that be? ASIC development? |
Bitrated user: gil.
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finkleshnorts
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August 18, 2012, 08:25:45 AM |
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Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?
If BFL IPOs before the ASIC release, we should all have a pretty good idea of where that capital is going. I sure wouldn't buy. Where would that be? ASIC development? That's what I was implying... That the preorders weren't enough to cover the development cost. IPOing now would look like a move of desperation. Anyway I highly doubt this is what Gavin was referring to. |
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malevolent
can into space
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August 18, 2012, 08:28:06 AM |
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jp morgan, the original inventors of "project satoshi" will be taking over the project and acquiring bfl labs (but don't worry, refunding all the funds from pre-sales, .. in dollars though, at the prices quoted when prepayment was sent).
I got scared when I read that first lol |
Signature space available for rent.
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