Search content
Sort by
Showing 20 of 151 results by Alpaca Bob
Hoeveel is 0,25 guldencoin in euro?
Als je aan Litebit.eu verkoopt levert het 0,000275 euro per guldencoin op.
Ik tank gemiddeld 30 liter benzine per week, dit zal mij dus 7,5 guldencoin opleveren per week. Omgerekend in euro's 7,5 * 0,000275 = 0,0020625 euro = 0,2 eurocent.
Bedrag is dus nog verwaarloosbaar, hiervoor zal de guldencoin eerst moeten stijgen. Het idee is wel leuk.
Toch een (euro)dubbeltje per jaar!!
lol.
...Hurray, we just reinvented the SWIFT or ACH systems.
SWIFT doesn't work like this at all...
I think what he meant was that it would be like SWIFT in that it would mostly be for large international transfers...
No I got that. What I'm saying, is that it is a false comparison, and that "reinventing" SWIFT, the gold standard, or - as Jon Matonis put it (comments) - a 'wholesale' instrument for global settlement, might not necessarily need to be a bad thing.
raise the block size too slowly and you discourage transactions and increase their price. The danger is Bitcoin becomes irrelevant for anything besides huge transactions, and is used only by big corporations and is too expensive for individuals. Hurray, we just reinvented the SWIFT or ACH systems.
SWIFT doesn't work like this at all though: it's incredibly clunky, and only works with government-issued currencies.
If anything, it'd be like reinventing the gold standard, but a digital, cryptographically verifiable, lightning fast and relatively cheap to use version. (In many implementations of the gold standard, gold wasn't actually used in day-to-day trade.)
Furthermore, SWIFT is not decentralized, and certain transfers (to specific countries for instance) can technically be censored. Nor is it anonymous or even pseudonymous.
See:
http://www.swift.com/news/press_releases/SWIFT_disconnect_Iranian_banks
http://www.bloomberg.com/news/2014-08-29/u-k-wants-eu-to-block-russia-from-swift-banking-network.html
http://www.spiegel.de/international/world/spiegel-exclusive-nsa-spies-on-international-bank-transactions-a-922276.html
Quote
Judging by what I know about economics and economists, I suspect if we ask eleven of them we'll get seven different opinions for the best thing to do. Five of which will miss the point of Bitcoin entirely.
LOL
(Perhaps mathematicians, though?)
Op zich een leuk stukje, maar ik denk dat het beter zou zijn geweest om dat hele gebeuren met paper wallets achterwege te laten. Het is voor de meeste mensen al ingewikkeld genoeg om te begrijpen dat bitcoins digitaal zijn.
Re: Dorian Nakamoto's hat looks a lot like the anarcho-capitalist flag
Mr. Nakamoto is far too intelligent to be one of those suburban-white kid clueless-about-the-rest-of-the-world douchebag an-caps.
Can confirm.
Blah blah blah you think anyone is going to read that wall of text?
Ah, a child of the Twitter generation raises his voice. They believe that everything can be expressed in 140 characters (which is probably true for their own thoughts). Wonder what they do when facing an entire book.
I read through the "wall of text". I do not agree with all of it, but all the contained thoughts could not be expressed very much shorter. Do keep the longer thoughts coming and ignore the people whose neuron network has already shrunk to Twitter size.
Wait, I got this:
Japan banking system work well, faster withdrawals there.
Much regulations, hard Gox move much money; irregular activity.
People don't calc banking days right; If did, could predict date of money arrival.
*204 Characters, and doesn't convey shit.
Thanks! I mean that.
By the way people, Slovenia (hence, Bitstamp) is not located in Eastern Europe. It's in Southern Europe, right next to Italy. It's got Mediterranean beaches and shit.
This dude is making a pretty solid effort.
http://www.reddit.com/r/Bitcoin/comments/1x4895/i_just_had_the_best_idea_about_bitcoin/
http://www.reddit.com/r/Bitcoin/comments/1xs0q6/just_had_another_idea/
http://www.reddit.com/r/Bitcoin/comments/1xyxph/who_wants_to_get_their_bobo_cocoed/
http://www.reddit.com/user/BoboWoCro#page=1
http://www.reddit.com/r/Bitcoin/comments/1x4895/i_just_had_the_best_idea_about_bitcoin/
http://www.reddit.com/r/Bitcoin/comments/1xs0q6/just_had_another_idea/
http://www.reddit.com/r/Bitcoin/comments/1xyxph/who_wants_to_get_their_bobo_cocoed/
http://www.reddit.com/user/BoboWoCro#page=1
Re: [2014-02-15] NY Post - Welcome to 21st-century Ponzi scheme: Bitcoin
Again?
He wrote the almost exact same article a little while back. Probably got him a lot of clicks.
http://nypost.com/2013/12/28/bitcoin-a-modern-day-3-card-monte/
He wrote the almost exact same article a little while back. Probably got him a lot of clicks.
http://nypost.com/2013/12/28/bitcoin-a-modern-day-3-card-monte/
By allowing fun. That's really all you need to do. The Reddit-ban on memes was one of the worst decisions ever made by the mods over there. And the downvoting of funny comments by the community doesn't exactly help either.
Other people call Bitcoin a "Pyramid bubble"
Wikipedia
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.[1]
When a Ponzi scheme is not stopped by the authorities, it sooner or later falls apart for one of the following reasons:[1]
The promoter vanishes.
Satoshi Nakamoto vanished
Wikipedia
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.[1]
When a Ponzi scheme is not stopped by the authorities, it sooner or later falls apart for one of the following reasons:[1]
The promoter vanishes.
Satoshi Nakamoto vanished
...yet nothing fell apart.
Re: Is Gavin Andresen Sincere when he says he cares deeply about privacy in Bitcoin?
CoinJoin and all that is great, but Bitcoin really needs to run anonymously by default, and it must do so before we reach the tipping point of mass adoption.
I wish I could code so I could help
I wish I could code so I could help
Re: I finally figured out how the government can destroy Bitcoin
Step one: Procure whatever hardware necessary to force difficulty to continue increasing.
Step two: Wait until the power requirements for running a mining setup from a single family dwelling becomes next to impossible.
Step three: Mop up any remaining centralized mining facilities through either taking them over in the name of national security or bombing it into the stone age.
Step four: Profit.
I wouldn't doubt that the NSA already has this kind of scheme cooked up and ready to deploy.
Step two: Wait until the power requirements for running a mining setup from a single family dwelling becomes next to impossible.
Step three: Mop up any remaining centralized mining facilities through either taking them over in the name of national security or bombing it into the stone age.
Step four: Profit.
I wouldn't doubt that the NSA already has this kind of scheme cooked up and ready to deploy.
Psht. Gobbledigook. Here's how you kill Bitcoin:
Step 1: Shut down the exchanges.
Step 2: There is no step 2
You can't shut down localbitcoins, nor will you be able to shut down upcoming decentralized exchanges.
Quote
07:19 <@MagicalTux> jpy withdrawal delays come from the fact there are more withdrawals than deposit, so we need to convert usd/etc to jpy, then send it to our japanese bank, which takes time and has limits much stricter than other transfer methods
How is that possible? You can only sell Bitcoins for JPY to people who deposited JPY.That means that Mark uses the customers JPY funds to pay for business or personal expenses. Great job!
AFAIK, this is not true. All fiat is traded in the same "pile", although users do not see this.
The spread between Mt. Gox and the other exchanges is around 22% today. This may be an all-time high. We've seen 20% a few times, but above 20% has been rare. The spread has been climbing slowly for weeks. (Is this charted somewhere? "bitcoincharts.com" doesn't chart it, but they're run by Mt. Gox.)
http://www.coinometrics.com/bitcoin/dispersion
btw where's Sturle to calm everybody down?
The last two US exchanges, Tradehill and Kraken, both of which boasted about their "professionalism", turned out to be flakes.
What's wrong with Kraken? I have had no problems with them whatsoever.
So just me trying to use some common sense, can someone tell me, where does gox gets its money ?
Who is depositing cash on their site to buy bitcoin when there is a 100+usd premium compared with other xchanges?
Who is depositing cash on their site to buy bitcoin when there is a 100+usd premium compared with other xchanges?
I used to think the same thing, buy apparently dumb people are gonna be dumb. I know several newbie's that recently decided to get themselves some bitcoin through MtGox. Why? Simple. They don't care to do any research whatsoever, and MtGox is like a brand-name.
One of them lost his funds btw. Either his account got hacked into, or he was scammed by Gox. (He did not have 2FA.)
Edit: By the way, Gox told him to take it up with his local police, which is obviously a bad joke as we're situated in Europe.