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Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC.
Thought:
I would also like to trade Roger Ver my BTU for BTC 1:1 if there is a fork. Is it possible to take up a collection and find out how many of us think the same way?
I would also like to trade Roger Ver my BTU for BTC 1:1 if there is a fork. Is it possible to take up a collection and find out how many of us think the same way?
No, it's the closest thing to idealized currency presently possible.
It doesn't have value as a money to me but I have a clear distinction between the two. Other than my own pedagogy a normal person probably wouldn't recognize the difference between the two.
FWIW I consider a money something tangible with an application that makes it desirable outside of value storage. Currency is superior for trade and exchange, to me.
It doesn't have value as a money to me but I have a clear distinction between the two. Other than my own pedagogy a normal person probably wouldn't recognize the difference between the two.
FWIW I consider a money something tangible with an application that makes it desirable outside of value storage. Currency is superior for trade and exchange, to me.
Satoshi's identity is important.
For a start - Remaining anonymous is a big bump to their credibility. The person(s) acted and interacted publicly, collaborated with other people, and no one knows who they are or are keeping quiet about it. That's hard. Very hard. You need to know what you are doing to accomplish that. It also requires discipline and, likely, planning.
Secondly, the global implications. What if undeniable evidence breaks that points to a nation state? What if Mike Hearn is discovered to be Satoshi? GMaxwell? Etc.
For a start - Remaining anonymous is a big bump to their credibility. The person(s) acted and interacted publicly, collaborated with other people, and no one knows who they are or are keeping quiet about it. That's hard. Very hard. You need to know what you are doing to accomplish that. It also requires discipline and, likely, planning.
Secondly, the global implications. What if undeniable evidence breaks that points to a nation state? What if Mike Hearn is discovered to be Satoshi? GMaxwell? Etc.
Re: A flaw in bitcoin, if it became widely adopted 21m bitcoins, 7b people on planet
There are only 170,000 tonnes of gold in the world. Is that a fatal flaw in gold since it is not possible to own 1 tonne per person?
Scarcity exists. It will always exist. Picking any unit and saying "There aren't enough of these for everyone to have one" is arbitrary.
Bitcoin is fungible to eight places and even after that can be patched to support more.
What is the difference between everyone having 1 bitcoin and everyone having .003 bitcoin? Nothing.
Scarcity exists. It will always exist. Picking any unit and saying "There aren't enough of these for everyone to have one" is arbitrary.
Bitcoin is fungible to eight places and even after that can be patched to support more.
What is the difference between everyone having 1 bitcoin and everyone having .003 bitcoin? Nothing.
Re: Anita Sarkeesian - Feminist Frequency - Donating in Bitcoin
Feminism is woman-on-woman violence and I do not support aging spinsters no one wants filling young womens' minds with garbage. Just because no one wants these women doesn't mean we should support them corrupting the younger generation with their contempt for men.
Just going to Ignore the fact that for 56 YEARS computers where thought of never having a greater impact than the fax machine..
FIFTY SIX YEARS
FIFTY SIX YEARS
At least get your quote correct. Krugman said that about the Internet. In, like, the 90s
This is a total lie. Bitcoin is gaining new markets as fast as it's losing them. That's why your graph line isn't moving like you want it to.
The great thing about making claims is anyone can do it and they require zero facts! Awesome post!
The great thing about making claims is anyone can do it and they require zero facts! Awesome post!
I think their actions make them dictators. Gavin has admitted in the past that Bitcoin could use a "benevolent dictator"t dictator"
http://alexgorale.com/bitcoin-dictators-inflate-block-size-debate
http://alexgorale.com/bitcoin-dictators-inflate-block-size-debate
http://alexgorale.com/can-bitcoin-trust-greedy-miners-opinion-on-block-size
I expect miners to act in their own interests. If they dont pursue the bottom line to the fullest someone else will. Ultimately, my ideals are a weakness in the competitive mining industry. What fidelity does a miner owe me? How does the market align us on the definition of Bitcoins success? Can any of us trust what miners say is healthy for Bitcoin?
If we create a perverse incentive someone is going to pursue it. If miners are coming out in favor of large blocks, it forces me to second guess myself. I havent invested millions into mining assets. We both want Bitcoin to succeed. Does their definition of success match my own?
I expect miners to act in their own interests. If they dont pursue the bottom line to the fullest someone else will. Ultimately, my ideals are a weakness in the competitive mining industry. What fidelity does a miner owe me? How does the market align us on the definition of Bitcoins success? Can any of us trust what miners say is healthy for Bitcoin?
If we create a perverse incentive someone is going to pursue it. If miners are coming out in favor of large blocks, it forces me to second guess myself. I havent invested millions into mining assets. We both want Bitcoin to succeed. Does their definition of success match my own?
http://alexgorale.com/bitcoin-block-size-risk
This is 10x the maintenance cost of today. Forgoing the block reward and relying entirely on transaction fees to fund a multi-billion dollar network brings the entrance cost of a transaction to $21.
That $21 fee is for the 500,000 or so transactions that occur every day. This number is only the floor. It represents what it hypothetically costs to run the network assuming no one tries to outbid each other. $21 is the price of a transaction for the first half million transactions each day. Each transaction after that waits until the next day or, if it includes a higher mining fee, bumps lower fee transactions down in the queue. Still, that 500,000 transactions is not enough to represent the 3 billion internet users online today.
This is 10x the maintenance cost of today. Forgoing the block reward and relying entirely on transaction fees to fund a multi-billion dollar network brings the entrance cost of a transaction to $21.
That $21 fee is for the 500,000 or so transactions that occur every day. This number is only the floor. It represents what it hypothetically costs to run the network assuming no one tries to outbid each other. $21 is the price of a transaction for the first half million transactions each day. Each transaction after that waits until the next day or, if it includes a higher mining fee, bumps lower fee transactions down in the queue. Still, that 500,000 transactions is not enough to represent the 3 billion internet users online today.
Re: [2015-03-07] CCN: Asset Forfeiture as an Attack Against Bitcoin
I think the message is clear .... " Since the burden is on you proving your assets are lawful it makes it almost impossible to recover cash from the police. "
If I have $1000 in my pocket and people ask me where I got it, I would be in a position to tell them. { I have a job....., I have a business...., I sold a car.... }
So if they stop a person and they find $10 000 on him, and he cannot explain, where he got the money from.... it would be suspect to say the least. { Uhm.. officer, yes I am unemployed, but I have loads of cash.. I just cannot tell you where I got it}
When you walk on the right side of the law, the explanation is simple.
If I have $1000 in my pocket and people ask me where I got it, I would be in a position to tell them. { I have a job....., I have a business...., I sold a car.... }
So if they stop a person and they find $10 000 on him, and he cannot explain, where he got the money from.... it would be suspect to say the least. { Uhm.. officer, yes I am unemployed, but I have loads of cash.. I just cannot tell you where I got it}
When you walk on the right side of the law, the explanation is simple.
This just isn't how it works.
If you are stopped with $10k cash in your car the cop will say "No reasonable person drives with $10k cash. You must be breaking the law. Prove you aren't breaking the law." Even with a bank receipt you cannot prove it and that still takes place in court after they seize it and you still have to pay to go through court to get it back.
Everything is illegal is the point.
[2015-03-07] CCN: Asset Forfeiture as an Attack Against Bitcoin
Thats the Asset Forfeiture Bitcoin attack seize your enemies property and use it against them.
If the Department is to continue to be effective, it must think strategically. The stakes are high. The national security and lives of Americans are at risk. The government cannot and will not fail in this important endeavor.- United States Department of Justice Asset Forfeiture Program, Strategic Plan
Since the burden is on you proving your assets are lawful it makes it almost impossible to recover cash from the police. In Philadelphia, over 8,000 forfeiture cases were filed by the city against African American and Hispanic residents. The average take amounted to $550. In Washington D.C., victims of asset forfeitures may be charged up to $2,500 to challenge a police seizure in court.
https://www.cryptocoinsnews.com/asset-forfeiture-next-attack-bitcoin
If the Department is to continue to be effective, it must think strategically. The stakes are high. The national security and lives of Americans are at risk. The government cannot and will not fail in this important endeavor.- United States Department of Justice Asset Forfeiture Program, Strategic Plan
Since the burden is on you proving your assets are lawful it makes it almost impossible to recover cash from the police. In Philadelphia, over 8,000 forfeiture cases were filed by the city against African American and Hispanic residents. The average take amounted to $550. In Washington D.C., victims of asset forfeitures may be charged up to $2,500 to challenge a police seizure in court.
https://www.cryptocoinsnews.com/asset-forfeiture-next-attack-bitcoin
Re: Money making method/ Mentoring (yeah I know it sounds like a cliche)
Right now it looks like you are selling an idea and the only thing you are giving us of value is an escrow of matching Bitcoin for our purchase. Effectively, you are selling a 1BTC class with no guarantee.
So you're a teacher selling a class without demonstrating any results. Nothing personal, that's all we've been given. It makes questioning difficult.
1.) How long have you been doing this?
2.) How did you discover this idea?
3.) What guarantee do we have that you are able to teach this?
4.) Do you have any prior experience in this market?
5.) What guarantee do we have that this market will not dry up in a week?
So you're a teacher selling a class without demonstrating any results. Nothing personal, that's all we've been given. It makes questioning difficult.
1.) How long have you been doing this?
2.) How did you discover this idea?
3.) What guarantee do we have that you are able to teach this?
4.) Do you have any prior experience in this market?
5.) What guarantee do we have that this market will not dry up in a week?
United States Imperialism is a side effect of dollar hegemony. US power is not tied to its military, the number of bombs it possesses, its democratic system, unions or a dream. Real power is the US Dollar as a world reserve currency. For as long a nation or people use dollars the Federal Reserve may siphon their wealth at will.
https://www.cryptocoinsnews.com/bitcoin-begins-end-100-years-slavery/
https://www.cryptocoinsnews.com/bitcoin-begins-end-100-years-slavery/
[2015-01-15] Bitcoin is Dead Because You Are Too Dumb, Says Critic
https://www.cryptocoinsnews.com/bitcoin-dead-dumb
Ignorance is Not Tied to the Price of a Bitcoin.
No matter how badly the critics try to frame it that way. To most critics, this technology may as well be magic. Basing their opinion on the price instead of the technology reveals their ignorance. And that is not their fault. Computer Science is a specialized, creative, field. Most users of technology choose to ignore the happenings under the hood of their devices and software. That should not deprive them of their opinions of the devices or software.
However, to manufacture clamorous opinions and present them to others while maintaining that ignorance is not only irresponsible but insidious the literal pretense of knowledge and deliberate misinformation.
Ignorance is Not Tied to the Price of a Bitcoin.
No matter how badly the critics try to frame it that way. To most critics, this technology may as well be magic. Basing their opinion on the price instead of the technology reveals their ignorance. And that is not their fault. Computer Science is a specialized, creative, field. Most users of technology choose to ignore the happenings under the hood of their devices and software. That should not deprive them of their opinions of the devices or software.
However, to manufacture clamorous opinions and present them to others while maintaining that ignorance is not only irresponsible but insidious the literal pretense of knowledge and deliberate misinformation.