frankenmint
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HoneybadgerOfMoney.com Weed4bitcoin.com
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October 16, 2013, 06:29:42 PM |
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who in their right mind guarantees 5% over absolute (that is akin beating 7% interest per week)  just saying |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Bargraphics
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October 16, 2013, 06:31:20 PM |
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Oh, I freely admit that it was a fluke (the one I saw was not the ASIC miner thing, I do remember that.) But to say it's unreachable to have 600+ transactions in a ten minute period? I must severely disagree! How many dollar transactions do you think happen in ten minutes? Personally, I have no idea, but I do know that it's several orders of magnitude higher than that.
This is what I'm trying to say. If we can find a way to take BTC mainstream, that 200 BTC/block would be a LOW average.
Well let's just throwing this out there. VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories. ~104,000 transactions/second Isn't one of the points of BTC to replace these companies? (Remember this is just Visa, you can imagine how many transactions happen across all of these merchants and physical dollar transactions) The minimum fee would be lowered at this point anyways because if BTC was adopted this widespread, the price per BTC would be much much higher. |
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Biomech
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Anarchy is not chaos.
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October 16, 2013, 06:40:25 PM |
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Oh, I freely admit that it was a fluke (the one I saw was not the ASIC miner thing, I do remember that.) But to say it's unreachable to have 600+ transactions in a ten minute period? I must severely disagree! How many dollar transactions do you think happen in ten minutes? Personally, I have no idea, but I do know that it's several orders of magnitude higher than that.
This is what I'm trying to say. If we can find a way to take BTC mainstream, that 200 BTC/block would be a LOW average.
Well let's just throwing this out there. VisaNet authorizes, clears and settles an average of 150 million transactions per day in 200 countries and territories. ~104,000 transactions/second Isn't one of the points of BTC to replace these companies? (Remember this is just Visa, you can imagine how many transactions happen across all of these merchants and physical dollar transactions) The minimum fee would be lowered at this point anyways because if BTC was adopted this widespread, the price per BTC would be much much higher. Bingo! |
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Phoenix1969
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LIR DEV
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October 16, 2013, 06:42:59 PM |
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5% is 5%... Where does it say that's just for NMC? The top of eligius page says 105% pps, and doesn't specify NMC only on that. in the end, it's not 5%. Dishonest or misleading at the very least.
It doesn't even say on the Eligius homepage anything about % PPS or anything about NMC for that matter yet because I haven't had a chance to update it. The forum thread here is titled: Eligius: ASIC, no registration, no fee CPPSRB BTC + 105% PPS NMC, 877 # This is in no way misleading or even ambiguous. It says 105% PPS NMC, and the pool pays exactly that with roughly daily NMC payouts. -wk Phoenix1969 thought eligius would pay him 105% PPS overall, something only Pirate ever did to launder his ponzi.
What eligius apparently does is pay 5% extra on NMC. I guess Luke has tons of namecoins ?
Eligius has a huge buffer of namecoins, yes. That combined with not everyone desiring to be paid NMC makes it easy to provide 105% PPS for NMC. Thank you for explaining that Wizkid much appriciated. So, NMC is 105% and BTC is 100% that's still the best around. |
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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October 16, 2013, 06:46:24 PM |
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The minimum fee would be lowered at this point anyways because if BTC was adopted this widespread, the price per BTC would be much much higher.
imagine, fee = 1 satoshi = 1 cent equates 1$ = 0.00000100 BTC equates 1,000,000$ = 1 BTC  |
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cognoscente
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October 16, 2013, 06:50:57 PM |
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Let's not get off on some kind of positive tangent. It would be too much of a shock for this thread.
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Gyrsur
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October 16, 2013, 06:52:13 PM |
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^^ |
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cognoscente
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October 16, 2013, 06:57:46 PM |
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The minimum fee would be lowered at this point anyways because if BTC was adopted this widespread, the price per BTC would be much much higher.
imagine, fee = 1 satoshi = 1 cent equates 1$ = 0.00000100 BTC equates 1,000,000$ = 1 BTC If only that could happen while the dollar still has some perceived value. |
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timmmers
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October 16, 2013, 07:02:08 PM |
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Let's not get off on some kind of positive tangent. It would be too much of a shock for this thread.
..and off topic which currently isn't so rosy  |
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cognoscente
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October 16, 2013, 07:03:23 PM |
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Just got a DHL tracking number. T20 in hand.
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xuemike
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October 16, 2013, 07:04:45 PM |
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Just got a DHL tracking number. T20 in hand.
What's the order number? |
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cognoscente
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October 16, 2013, 07:07:39 PM |
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339x paid July 7 Jupiter DHL to Texas
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xuemike
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October 16, 2013, 07:08:56 PM |
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339x paid July 7 Jupiter DHL to Texas
Congrats. I got 27xx June 27 no email on the tracking yet |
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Phoenix1969
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LIR DEV
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October 16, 2013, 07:09:07 PM |
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Just got a DHL tracking number. T20 in hand.
ROFL.... I hear ya... dont forget the box-razor..hehe.. go easy on the delivery guy, eh? btw... UPS just moved my delivery day from Friday, to Thursday, tomorrow... coolz |
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johnyj
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Beyond Imagination
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October 16, 2013, 07:09:28 PM |
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Isn't one of the points of BTC to replace these companies? (Remember this is just Visa, you can imagine how many transactions happen across all of these merchants and physical dollar transactions)
No, people will spend inflative fiat money anyway. Having payment function does not mean bitcoin will be used in daily shopping, it is just too precious to serve those purposes. People only need to cash out some coin once/twice a year to fiat money, and continue use their VISA card to do daily shopping |
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arorts
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October 16, 2013, 07:12:42 PM |
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Order #31XX ShippED. No tracking info received yet. Paid on July 3rd.
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Biomech
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Anarchy is not chaos.
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October 16, 2013, 07:17:32 PM |
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Isn't one of the points of BTC to replace these companies? (Remember this is just Visa, you can imagine how many transactions happen across all of these merchants and physical dollar transactions)
No, people will spend inflative fiat money anyway. Having payment function does not mean bitcoin will be used in daily shopping, it is just too precious to serve those purposes. People only need to cash out some coin once/twice a year to fiat money, and continue use their VISA card to do daily shopping This is what needs to be addressed. Right now, most who are using bitcoin are apparently using it as savings or an "alternative" currency. If we are to see this experiment succeed in the long term, then that perception needs to change. Prior to 1937, the dollar was GOLD, and it was used in daily transactions. Bitcoin has some of the advantages of gold and much of the easy utility of fiat, plus it's scarcity and generation protocol make it likely to increase in value over time (which was rather up and down with gold over the centuries). Simply put, the more people USE bitcoin in daily transactions, the higher it's value. As for the transaction fees driving people away, not so much. Visa and Mastercard thrive on transaction fees. People barely notice. |
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idee2013
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October 16, 2013, 07:22:50 PM |
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Got one miner today.Shipped by DHL.. NEVER GOT A TRACKING NUMBER FROM DHL !!!!
It was sent yesterday 15th. oct with DHL Express to germany
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Phoenix1969
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LIR DEV
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October 16, 2013, 07:25:58 PM |
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wow, since UPS moved the delivery day back a day, thats 2nd day, from stockholm, to Volcano, Hawaii... That just amazes the hell out of me.
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frankenmint
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Activity: 1456
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HoneybadgerOfMoney.com Weed4bitcoin.com
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October 16, 2013, 07:29:49 PM |
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wow, since UPS moved the delivery day back a day, thats 2nd day, from stockholm, to Volcano, Hawaii... That just amazes the hell out of me.
are you still talking about old orders that have since been delivered or stuff that is in transit right now? I'm trying to figure out here if they simply decided to ship en masse using dhl and if that is the case, did they simply not issue tracking to individual customers yet(or will they for that matter). |
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