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Showing 13 of 13 results by HGT24
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Board Bitcoin Discussion
Re: Customers to decide if eBay should adopt Bitcoin, will they?
by
HGT24
on 09/09/2013, 15:44:20 UTC
doubt it. they make too much money on paypal...
Post
Topic
Board Bitcoin Discussion
Re: Big bet sites claim main reason to not adopt BTC: "Gamblers Arent Demanding It"
by
HGT24
on 05/09/2013, 16:36:49 UTC
agreed. it will probably take more time.

these gambling sites already have enough legal issues to deal with. bitcoin would only add to that drama.
Post
Topic
Board Bitcoin Discussion
Re: Is it time to switch to satoshis ???
by
HGT24
on 30/08/2013, 21:33:12 UTC
Quote from: exynos645 on August 30, 2013, 06:34:43 PM
Hello,

I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.




Why would people be more inclined to own 1 million satoshis that 0.01 BTC? it is just a number. not a value. please explain this concept to me.


For example, let's say I was living in Zimbabwe. Let's also say, that in Zimbabwe, they widely accept US Dollars and Zimbabwe notes. The merchants don't really care which currency they receive.

Now let's say that $5 US Dollars are equal to $100 Trillion Zimbabwe dollars.  I don't think more people would be inclined to own the $100 trillion zimbabwe notes over the $5 USD. Denomination doesn't matter. value does.

This concept of using satoshis because they are a smaller denomination does not make sense to me. This goes along the lines of splitting a stock price so that "more people can afford it". Stock splits don't result in "more people being able to afford" the stock. It just means people are getting more shares for the same price. Same value, smaller denomination. Makes no difference.
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Topic
Board Off-topic
Re: What's the newest cryptocurrency?
by
HGT24
on 29/08/2013, 21:29:31 UTC
There are so many alt coins now... maybe hundreds. new ones popping up daily.

Here are a few:

http://www.cryptocoincharts.info/

Post
Topic
Board Economics
Re: Whale Hunter - thar she blows (whale btcaddress id thread)
by
HGT24
on 29/08/2013, 21:20:53 UTC
Large balances would be exchanges, escrow services, large merchants and what not. there would be no way to really tell who owns it or to track it.

Seems like a waste of time. Unreliable data isn't useful for economic research purposes.
Post
Topic
Board Goods
Re: AK Coins - Gold and Silver Bullion - Now Accepting Bitcoin!
by
HGT24
on 29/08/2013, 21:09:19 UTC
I've placed a couple orders with Ak coins this month. I bought a roll of silver eagles back when it was around $22/oz. Also pickedup some gold last week. Shipping was quick and the packaging was solid.

Good merchant to add to the list. I'd recommend them.
Post
Topic
Board Politics & Society
Re: Does the NSA know who Satoshi is?
by
HGT24
on 29/08/2013, 20:16:54 UTC
Ummm, I'm pretty sure Satoshi is 3 individuals by the names of Neal King, Vladimir Oksman and Charles Bry. Fast Company did that investigation on the identity of Satoshi. They tracked it down to a patent filed by these guys 72 hours after the bitcoin.org domain was created.

Is this just a coincidence? Seems doubtful. (See the excerpt from Wiki below)

Satoshi Nakamoto (and the creators of Bitcoin) are either these three individuals OR they are closely tied to a larger group responsible for creating Bitcoin.


Quote
Satoshi Nakamoto is a pseudonym for the person or group of people who designed the original Bitcoin protocol in 2008 and launched the network in 2009. Except in connection with Bitcoin, the individual or individuals behind this pseudonym remains publicly unknown. Nakamoto was responsible for creating the majority of the Bitcoin software and was active in making modifications and posting technical information on the BitcoinTalk Forum.[13] Nakamoto's involvement does not appear to extend past mid-2010.[13]

Investigations into the real identity of Satoshi Nakamoto have been attempted by The New Yorker and Fast Company. Fast Company's investigation brought up circumstantial evidence linking an encryption patent application filed by Neal King, Vladimir Oksman and Charles Bry on 15 August 2008, and the bitcoin.org domain name which was registered 72 hours later. The patent application (#20100042841) contained networking and encryption technologies similar to Bitcoin's, and textual analysis revealed that the phrase "...computationally impractical to reverse" appeared in both the patent application and bitcoin's whitepaper.[1] All three inventors explicitly denied being Satoshi Nakamoto.[54][55] In May 2013, Ted Nelson speculated that Japanese mathematician Shinichi Mochizuki is Satoshi Nakamoto.[56]

In April 2011, Nakamoto communicated with a Bitcoin contributor saying he had "moved on to other things".[57]
Post
Topic
Board Bitcoin Discussion
Re: Regulate my ass
by
HGT24
on 29/08/2013, 20:05:19 UTC
Definitely not surprised by this.
Post
Topic
Board Beginners & Help
Re: Do You Think The Price of Bitcoins Will Go Down To $5.00?
by
HGT24
on 29/08/2013, 04:32:02 UTC
Long story short.... No.

Still not sure why I responded to this stupid post. Maybe cuz I'm still on newbie lockdown... Get me out of here!
Post
Topic
Board Beginners & Help
Re: I buy Video Games with my Bitcoins what about you?
by
HGT24
on 29/08/2013, 04:23:10 UTC
I've bought gold and silver from AK Coins. They have a huge selection of gold and silver and their shipping is really fast. I've made a couple orders with them over the last month.

http://www.akcoins.com


I also donated some money to the Bitcoin Foundation a while back. It's really cool when I find new stuff I can buy with Bitcoin. Love to hear some other good merchants from you guys.

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Topic
Board Beginners & Help
Re: Can you stay anonymous with Bitcoin
by
HGT24
on 29/08/2013, 03:53:04 UTC
You can be anonymous when exchanging bitoin for fiat. If you sell you bitcoin to someone in person (localbitcoins.com), then you can turn your bitcoin into fiat and vice versa. I think this would be hard to track back especially if the person you transacted with did not know your identity.

By trading BTC in person, you can obtain bitcoin relatively anonymously.

If you use any service such as Coinbase, any transaction and subsequent transaction are no longer anonymous.
Post
Topic
Board Beginners & Help
Re: Has anyone else tried Coinbase lately?
by
HGT24
on 29/08/2013, 03:19:04 UTC
I've been using them for quite a while. Nothing but good things to say. I think their customer service is pretty good too.

Have they solved the problem since you've posted this?
Post
Topic
Board Beginners & Help
Re: Whitelist Requests (Want out of here?)
by
HGT24
on 29/08/2013, 03:10:50 UTC
Hello,

New to the forums, not new to Bitcoin (been using since 2011). Wondering if I can get whitelisted so that I can contribute to the other forum sections.

Thanks in advance!

HGT