ElectricBTC
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August 07, 2011, 02:30:44 AM |
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Hello there
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lurker
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August 07, 2011, 02:54:09 AM |
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Just another post to eventually get myself out of quarantine. I guess I could do them all at once, but I'm lazy.
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Disequilibrium
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August 07, 2011, 04:24:26 AM |
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Any Bitcoiners in Santa Fe, Omaha, Charlotte, or Virginia Beach?
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tarion3
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August 07, 2011, 04:29:34 AM |
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I've been lurking around the forums for over a month. I suppose it was about time I registered! Now about those 4 other posts I have left...
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mart@cactusoft.com
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August 07, 2011, 07:50:25 AM |
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Hello,
I have an interest in software (I'm a developer) and economics.
When I first heard about bitcoin it seemed like an absurd idea. But once I read about it, I think it has some beautiful ways to deal with some of the usual problems of virtual currencies.
In the end, what is required of a currency is that enough other people recognize is as such to give it value, and that it has a relatively stable value. Its this second point I think might cause problems. The fixed money supply will make it inherently deflationary. Whilst this is good for those holding the currency, it will affect liquidity - if the purchasing power of bitcoins is always rising, people will sit on them rather than spend them. It will become just a type of investment (a risky one at that) rather than a medium of exchange - kind of like gold has become today.
Gold and the economy under the gold standard had similar deflation issues, but gold supply was able to grow, albeit slowly (with new mining). If demand for gold is high, the price rises and people invest more money in mining. The bitcoin algorithm seems perhaps a bit too limited in this respect... it might have been better if rather than topping out at 21million BTC it was able to grow inline with economic growth, eg 2-3% per year, indefinitely?
I appreciate that present fiat currencies are inflationary (unlimited new money creation) and that this is also not desirable (I bought lots of gold 4 years back, as I could see what the central banks were going to do).
Anyway, the system is a stroke of genius and I'm interested to see how it develops. Its a fascinating experiment!
Saddam Smith
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kilgore
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August 07, 2011, 08:21:41 AM |
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Just listened to the NPR "Planet Money" special on BitCoin from last month. Sooo cool!! Is Bitcoin going mainstream?? www.freebitcoins.org/6509
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vengeance
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August 07, 2011, 10:05:20 AM |
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Hey all.
I live in South Africa and have bin mining for about 2 and a half months now. Currently mining at 850Mhash/s.
Regards
Vengeance
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montgolfier
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August 07, 2011, 11:56:36 AM |
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Hi people, bitcoin newbie here from the UK. Looking forward to finding out more about this confusing but exciting currency
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carlos
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August 07, 2011, 12:48:49 PM |
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hi to all!! i'm czech republic enthusiast for bitcoins.... just started czech bitcoin forum and exploring btc possibilities..
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Ketzer2002
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August 07, 2011, 01:59:00 PM |
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Hi there everyone. I'm a developer from germany and allready created a pool for everyone who want to participate in. The pool is currently in german language, because I thought, that there are too less native german speakers, who drives a pool. Maybe in the future there will be a localization to support english language too. Hope to see you there... Best Regards Boris http://www.bitcoin-server.de
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dojo
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August 07, 2011, 03:59:22 PM |
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Hey, Im from UK I want to start trading but must wait till this newbie status is lifted
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NittyBitty
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August 07, 2011, 04:53:57 PM |
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Hey Bitcoiners
I haven't started with bitcoin yet but I'm very excited about the system. Have lot of experience of other centralized e-currencies going all the way back to e-gold. My main reason for signing up is to keep an eye on exchangers and maybe offer something myself if I see the need for it. So far the buying options for EU seems a bit halted.
Let's roll...
Nitty Bitty
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Emmanuel-SDRN
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August 07, 2011, 05:06:28 PM |
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I am a project manager who got to know about Bitcoin through one of my associate web-developers. This is an interesting concept and I am keen to be part of what could be a major paradigm shift in global currencies. Being only an average programmer with average intelligence, I am unlikely to be able to contribute in the technical areas to this project. However, I believe I could come up with ideas and offer services that could help enable the project and its infrastructure in other ways.
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Flipmode
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August 07, 2011, 05:17:17 PM |
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Hello fellow bitcoin enthusiasts. Bitcoin is amazing it is like torrent for Currency. I have been enjoying researching the subject. My colleague and I are currrently developing some interesting web applications for users of Bitcions. more later .. Flipmode
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phr33
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August 07, 2011, 06:06:43 PM |
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Hi, I'm new to bitcoin and got interested when reading about it's foundation in cryptography. I wonder where it will be in 10 years time!
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My BTC input: 1GAtPwoTGPQ35y9QugJueum5GzaEzLYjiQ My GPG ID: B0CCFD4A
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Fireball
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August 07, 2011, 07:28:22 PM |
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127 pages in this thread, congrats
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Keynez
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August 07, 2011, 08:43:11 PM |
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I can haz post?
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metacontent
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August 07, 2011, 09:43:27 PM |
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please do so! and get a post don't be so negative, the 5-post-4-hour-rule is there for a reason: to get rid of the trolls. NOT to piss newcomers off. relax take it easy and smile. Mod note: If you see anyone spamming this thread, please report it. Spam will result in an immediate ban.Random noob #2234551231236776345
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scatterbrain
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August 07, 2011, 09:43:56 PM |
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ahoi hoi
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pokerface6578
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August 07, 2011, 10:08:29 PM |
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Hi! just recently found out about this whole bitcoin concept. seems very interesting, the way it works and ocourse what you can get with it
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