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AnonyMint
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November 28, 2013, 11:04:56 AM
 #21
niothor, yeah right no problem. And don't read all my posts by clicking on my name, so that you can remain in bliss.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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November 28, 2013, 12:03:53 PM
 #22
Exactly.

One word shows people will spend if there is something they want and don't need to be "encouraged": SilkRoad

Quote from: Mike Christ on November 27, 2013, 05:06:51 PM
Why do we need to "encourage economic growth"?  Are people not naturally inclined to growth?  Do we also need to encourage the seasons to change?
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November 28, 2013, 12:17:16 PM
 #23
My biggest problem with bitcoin volatility is how it stacks with long transaction times.

You wait 20+ minutes for 3 confirmations, and by that time pricechange is 5-15% at least

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