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HappyScamp
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August 24, 2013, 06:36:24 PM |
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One poster quipped that is just easier to call it "Magic Computer Money".
(sorry don't recall who that was)
At first I just laughed, but I am discovering that I like it!
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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coastermonger
Sr. Member
 Offline
Activity: 367
Merit: 250
Find me at Bitrated
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August 24, 2013, 07:12:20 PM |
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Bitcoin - money for people that like to own their money.
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Bitrated user: Rees.
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nameface
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August 25, 2013, 06:46:52 PM |
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Use Bitcoin: A superior money technologically and intellectually
Use Bitcoin: The love child of cutting-edge technology and economic theory
Use Bitcoin: For the first time in human history the people can gain true financial freedom
Use Bitcoin: Send your money anywhere in the world, to anyone, for any reason, with no fees or strings attached
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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August 25, 2013, 08:49:09 PM |
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Bitcoin... no questions asked.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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August 25, 2013, 08:50:05 PM |
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Bitcoin... because your money is your business
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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TitanBTC
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August 25, 2013, 09:08:23 PM |
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Bitcoins are the shortest distance between two pockets.
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nameface
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August 25, 2013, 09:41:12 PM |
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Bitcoins are the shortest distance between two pockets.
Nice 1  off-topic: Your post just gave me a eerie flash of a future world where we have hardware embedded in our bodies and can make trades just by looking at each other and thinking it. What happens to the concept of money in a world like that??? |
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Carlton Banks
Legendary
Offline
Activity: 3430
Merit: 3071
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August 25, 2013, 09:42:42 PM |
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Ether-shore bank account
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Vires in numeris
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The Avenger
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August 25, 2013, 10:35:08 PM |
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Some are born great, some achieve greatness, and some mine bitcoin.
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"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
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The Avenger
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August 25, 2013, 10:54:08 PM |
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"Friends, Romans, bitcoin miners, lend me your ears; I come to bury fiat, not to praise him"
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"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
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Ola
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August 26, 2013, 01:51:00 AM |
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Global decentralized internet cash and payment system  |
Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
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lophie
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August 26, 2013, 02:15:48 AM |
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Use Bitcoin: Send your money anywhere in the world, to anyone, for any reason, with no fees or strings attached
I respectfully disagree. Please don't spread false information about Bitcoin. use "Minimal" or "insignificant". But there is definitely "fees" involved for MOST transactions. |
Will take me a while to climb up again, But where is a will, there is a way...
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nameface
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August 26, 2013, 02:38:02 AM |
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Use Bitcoin: Send your money anywhere in the world, to anyone, for any reason, with no fees or strings attached
I respectfully disagree. Please don't spread false information about Bitcoin. use "Minimal" or "insignificant". But there is definitely "fees" involved for MOST transactions. "At the moment, many transactions are typically processed in a way where no fee is expected at all" "Transaction fees are voluntary on the part of the person making the bitcoin transaction" "The transaction fee is therefore an incentive on the part of the bitcoin user to make sure that a particular transaction will get included into the next block" https://en.bitcoin.it/wiki/Transaction_feesThis is how I was assuming Bitcoin still worked. Moving forward we have to be careful as even the tiniest fees can be debilitating to those processing a large volume of micro-transactions. I think these tiny transactions will be a big part of the future of Bitcoin. But I'm still under the impression that money can be sent for free. Please correct me if I'm still wrong. |
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lophie
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August 26, 2013, 05:28:53 AM |
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Use Bitcoin: Send your money anywhere in the world, to anyone, for any reason, with no fees or strings attached
I respectfully disagree. Please don't spread false information about Bitcoin. use "Minimal" or "insignificant". But there is definitely "fees" involved for MOST transactions. "At the moment, many transactions are typically processed in a way where no fee is expected at all" "Transaction fees are voluntary on the part of the person making the bitcoin transaction" "The transaction fee is therefore an incentive on the part of the bitcoin user to make sure that a particular transaction will get included into the next block" https://en.bitcoin.it/wiki/Transaction_feesThis is how I was assuming Bitcoin still worked. Moving forward we have to be careful as even the tiniest fees can be debilitating to those processing a large volume of micro-transactions. I think these tiny transactions will be a big part of the future of Bitcoin. But I'm still under the impression that money can be sent for free. Please correct me if I'm still wrong. Ok, more informative guys please correct me if I got this wrong. If you go to any "new" transaction on blockchain.info you will see an estimation for the first confirmation. The position in the queue to be confirmed is determined (or estimated) by how big the transaction is (Size wise and not amount wise). considering how large the fees included are, plus both how old is this transaction and how much the included fees are. This means even though a transaction was made before another, The older transaction might be pushed back in the queue because it has no fees included or low fees. This queuing mechanism is not infinite and on the times where alot of people are making transactions a no fee transaction might take a very long time and sometimes (Yes it happened alot and to me personally a few times) this transaction might not happen at ALL, Especially if that transaction was big (Size wise and not amount wise). The day where you simply cannot make a free transaction or a very low fee transaction is getting closer and closer but really don't sweat it Bitcoin is still light years away from being "Expensive" way to send money. (Please don't start the micro transaction cost guys, That is a VERY different story). I hope this shed some light and please tell me if I am mistaken about something. - Lophie |
Will take me a while to climb up again, But where is a will, there is a way...
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n00k13
Newbie
Offline
Activity: 5
Merit: 0
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December 03, 2013, 12:24:34 AM |
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Bitcoin. Full-SHA encrypted. No back doors.
Secure digital money. Swiss bank accounts for the millions.
inspired by:
THE CYPHERPUNK MOVEMENT
by St. Jude
+1 |
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toddfletcher
Newbie
Offline
Activity: 28
Merit: 0
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December 03, 2013, 01:23:50 AM |
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Bitcoin: It's Your Money
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StarfishPrime
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December 03, 2013, 03:38:30 AM |
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Bitcoin must prevail. Its code allows no other outcome.
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TorCoin.....
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¦ | Fully Anonymous TOR-integrated Crypto
¦ Windows ¦ Linux ¦ GitHub ¦ macOS
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ANN THREAD | ¦
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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December 03, 2013, 03:44:01 AM |
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Bitcoin. Full-SHA encrypted. No back doors.
Secure digital money. Swiss bank accounts for the millions.
inspired by:
THE CYPHERPUNK MOVEMENT
by St. Jude
Yeah....I tried that 'one liner'. Didn't really quite go over as cool as you might think. |
more or less retired.
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Otoh
Donator
Legendary
Offline
Activity: 3024
Merit: 1105
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March 10, 2014, 09:27:16 PM
Last edit: March 10, 2014, 09:41:09 PM by Otoh |
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"We can laugh at Bitcoin but real guys, in real basements, are losing real fake money right now." https://twitter.com/DavidClinchNews 10 Apr 2013 Not sure if previously posted here, but I always enjoyed this one, even though I'm a long time btc believer. |
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Phinnaeus Gage
Legendary
Offline
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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March 18, 2014, 06:44:22 AM |
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 where E is Bitcoin, m is money, and c is the speed of light.  = $c²Nice. Where E is eCurrency ( BTC/Bitcoin), m is money ($), and c is the speed of light. BTC = $c2I like it so much, it's going into my sig. ~Bruno K~ Amazingly, there are two quotes from this thread that's been in my sig ever since: The one above and Post #3 of this thread. TMI BTCITW (make that 3) |
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