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I'm selling BitcoinBooty.com - 15 btc =)
A little too expensive I think.
My interpretation is that the supply of bitcoins is now distributed among much more people than a
few months ago. We saw a lot of massive sales, where a single trader used to sell 10k or 20k bitcoins
at once. When this happened, the coins that were sold were distributed among many buyers; the result
is that the number of people holding bitcoins is now much higher. Of course there were a few massive
buys too, but much less; buyers typically bought smaller amounts, especially during the downward trend.
few months ago. We saw a lot of massive sales, where a single trader used to sell 10k or 20k bitcoins
at once. When this happened, the coins that were sold were distributed among many buyers; the result
is that the number of people holding bitcoins is now much higher. Of course there were a few massive
buys too, but much less; buyers typically bought smaller amounts, especially during the downward trend.
So if that's true, how long until people stop complaining about the early adopters?
2 years later: People are still complaining about the early adopters.
Oh, and the end of hypervolatility you say?
The imposition of taxes, which must be paid in government currency, is precisely what gives government currency its worth.
Then why does it have worth OUTSIDE of the country as well?
Well, if Japanese valued their Yen, it makes sense that anyone else around the world would also value the Yen, because they can buy things from the Japanese with it.
To be honest, there should only be taxes and no money-printing.
Printing money is a tax.
Only with money printing they take the wealth proportionally from all bank accounts, so it's more like a savings tax rather than an income tax.
20Gh/s
I just realized this means gigahashes not gigahertz. Man some of this mining terminology had me confused.
My idea: miners add the current exchange rate to every block.
Just wondering, how would you choose WHICH exchange rate or which basket? For some people the price in USD is irrelevant, for example.
Ah, once again someone beat me to the post. I really need to upgrade this computer!
At the top of the newbie section, theres a thread about whitelisting, you have to post there, then someone in a day or so will unlock you
I didn't have to do that.
After being logged in for 4 hours, I was able to start posting in the other sections without notifying anyone.
The solution I'm considering is dynamic inflation: adjust mining rewards to pin the price to a currency basket, at least until it's an established and stable currency. That doesn't prevent devaluation so you'd have to be conservative with the adjustments, but it would prevent the "early adopters" problem.
But then nobody would have any incentive to get in early. Having an incentive to get in early is needed for establishing and growing the user base, no?
Re: Last post to this thread wins 1btc! (no deposit necessary) *UPDATE* 6 HOURS!
Hey, post #50 for me! No need to keep posting anymore, I can add links and images to my signature now. Good luck being the very last one posting here! 
So, where is it? Still text
p.s. Congrats Tiagotiago.
My interpretation is that the supply of bitcoins is now distributed among much more people than a
few months ago. We saw a lot of massive sales, where a single trader used to sell 10k or 20k bitcoins
at once. When this happened, the coins that were sold were distributed among many buyers; the result
is that the number of people holding bitcoins is now much higher. Of course there were a few massive
buys too, but much less; buyers typically bought smaller amounts, especially during the downward trend.
few months ago. We saw a lot of massive sales, where a single trader used to sell 10k or 20k bitcoins
at once. When this happened, the coins that were sold were distributed among many buyers; the result
is that the number of people holding bitcoins is now much higher. Of course there were a few massive
buys too, but much less; buyers typically bought smaller amounts, especially during the downward trend.
So if that's true, how long until people stop complaining about the early adopters?
This may be relevant to the discussion
I read that and saw a link to largecoin.com --- Not many details yet however.
I like the idea that each tax $ gives you a vote on what to spend it on.
The rich will naturally want to reduce their taxes, but then in doing so they will have less influence over government expenditure, so they won't want to reduce it too much.
The rich will naturally want to reduce their taxes, but then in doing so they will have less influence over government expenditure, so they won't want to reduce it too much.
On the surface this sounds nice, but you're probably not comparing how much you earn to the rich. Unless you're on $1m/pa salary, I don't think you realize just how little you have to vote with.
Oh it's true it would be bad for me while I'm poor, but I don't plan on staying poor forever, so I still like the idea.
I like the idea that each tax $ gives you a vote on what to spend it on.
That's a start. Where would you direct those dollars? Make this thread less tax centric and more issue driven.
Well, personally I would spend more of it on public parks. I'd rather an area was 50% public parkland and 50% apartment-style housing, rather than 99% separate houses all spread out with no where to go except a tiny park bench with 1 duck to feed. The former would be actually less claustrophobic despite the higher density living arrangement.
Not to mention apartments are far more efficient for things like water, sewer, electric, etc.
I like the idea that each tax $ gives you a vote on what to spend it on.
The rich will naturally want to reduce their taxes, but then in doing so they will have less influence over government expenditure, so they won't want to reduce it too much.
The rich will naturally want to reduce their taxes, but then in doing so they will have less influence over government expenditure, so they won't want to reduce it too much.
hey i like some of those too bad they were all registered by the time i saw this thread!
All the ones I listed are still available.
So are the others Paybtc listed. According to Namecheap.