Search content
Sort by
Showing 9 of 9 results by gideon g
Hmm, but isn't a merchant an investor to some extent? They need a reason to believe that it will hold its value at least until they cash it in.
To some extent, yes. They don't need to bank on the long-term prospects of bitcoin though. If they're seriously bearish, they could just exchange their coins for fiat immediately whenever they complete a transaction. As long as bitcoin is around long enough for them to turn a profit on whatever work they put into setting their businesses up to accept the transactions, they'll be fine. Even if that doesn't happen, they lose very little as compared to someone who spends thousands on buying bitcoins in hopes that the price will increase over the long term.
Quote
Also, I'm a software developer, and despite my skepticism, I am kind of interested in writing something to play with this. What do you need?
I don't personally need a software dev. I meant that the bitcoin community needs them.
If you're looking for work, check out the marketplace section of the forum. You can advertise your services (once you get out of newbie purgatory), and there are occasionally people seeking devs there that you can reply to via private message.
I could be wrong, but that sure is what my gut tells me. Convince me otherwise.
I'm optimistic about bitcoin, but I advise you to go with your gut. Wait and see. We don't need more investors anyway, we need merchants and software developers.
Well I found out that the modified version of poclbm has been discontinued as a high-efficiency miner for bitcoinpool. So that answers that question. They recommend using Phoenix now (which I have already switched to).
But my earlier question about solo mining still remains. If I connect multiple miners to my "bitcoin.exe -server", does it effectively sum up all the hash-rates of the mining computers? Obviously this is how a pool works, but these pools have complex job-assigning and tracking software above and beyond the simple "bitcoin.exe -server".
But my earlier question about solo mining still remains. If I connect multiple miners to my "bitcoin.exe -server", does it effectively sum up all the hash-rates of the mining computers? Obviously this is how a pool works, but these pools have complex job-assigning and tracking software above and beyond the simple "bitcoin.exe -server".
Yes, that does work. The pools are all running the headless version of the bitcoin client, along with some other software.
Hey, I wanted to buy some Bitcoins, and all I have that's currently a good source of money is my Paypal account. Until I can put this in the marketplace, would anyone like to sell their Bitcoins or point me to a good exchange site to get it easily into another more popular site? Just in case you care, I have 100% positive ratings on ebay (57 reviews) and can send you a message to verify its me. http://myworld.ebay.com/jakel-s
Buying with Paypal probably won't be worth it for you, assuming you can even find a seller. You've got no reputation (eBay account aside), and it's still difficult for people who've already established some rep around here to buy with Paypal. Your best bet is probably to just sign up with Dwolla and use that to send money to Mt Gox or Tradehill. Be aware that this process will take about a week (possibly longer). You have to verify your bank account with Dwolla first, and then do an ACH transfer, both of which are slowed down by your bank. Once the money is actually in your Dwolla account, getting it to Mt Gox should take less than 24 hours (I haven't tried Tradehill).
If they do decide to include the database they better hope it compresses well. My data directory for bitcoin is at 1.8GB and growing. That's only with 131340 blocks AND an empty wallet that has not yet made any transactions. Who knows how big it will be in five years 
That's odd. Mine is a bit under 450 MB, and that includes some relatively large logfiles as well.
BitBills is great just checked them out, but a perfect solution would be if anyone could just print them....
You need access to the internet and the bitcoin network to ensure that coins aren't being double-spent. Besides, there's no actual "coins" per se, it's just a big distributed list of addresses and balances.
You could print a private key from a bitcoin wallet and hand it to someone, but they'd need to spend the coins from it immediately, since they don't know who else might have had access to it. The BitBills concept is the best we're likely to get for physical bitcoins.