Search content
Sort by
Showing 20 of 34 results by whyinvestinbitcoin
[SALE] 2 x Batch 3 KNC 3.5GH/s Neptunes for immediate delivery - £3,950/$6,495ea
Two brand new and untouched Batch 3 KNC Neptune Miners available for immediate delivery.
Does not come with Power Supplies but I can recommend the perfect supplier which has been mining my KNC Neptunes flawlessly for 2 months.
Shipping not included and calculated separately or collect-in-person (London, UK)
These machines are listed as $5,995 but come with a waiting list of about 2-3 months, have VAT and delivery added so come to a total price of approx. $7,450 (£4,400).
BUY-IT-NOW for £3,950/$6,495/14BTC and receive your miner immediately and without delay.
I no longer have the space available for these two excellent machines so I am reluctantly selling them to prospectors wanting to mine for the future.
DESCRIPTION
The KnC Neptune Bitcoin Mining Rig is KNCMiners flagship Bitcoin miner providing hassle free hashing, permitting users to mine for Bitcoins at a
greater efficiency than anything else on the market for the foreseeable future. This device is designed by Swedens ORSoC engineers, and will offer industry
leading performance and power consumption per GigaHash (Gh). Keep in mind these units can also be used for other sha-256 coins.
3500+ GH/s per 5 cubes, the 5 cubes averages about 3.5TH/s
20nm standard cell ASIC mining chips (which are being designed exclusively for KnCMiner by ORSoC)
Embedded Custom Beaglebone Linux device to allow for standalone Neptune Bitcoin mining. No PC necessary
Energy consumption: ~ 1950 watts at the wall. Average of 0.57 watts per GH/s with PSU
This device will require a modular PCI Express ATX power supply
Sold without Power Supply, Recommend 3 x 850W GOLD
Running the 1.00 firmware specially optimized for better performance
1 year Warranty through KnCMiner
All documentation for unit is on the KnCMiner support website
SHIPPING
Shipping is FedEx expedited and will be insured for the total purchase price. Once payment is confirmed, I will ship by the next business day.
PAYMENT
If I do not receive payment in 24 hours I will award to the next highest bidder. I will not ship until payment clears. Preferred payment method is direct bank transfer or Bitcoin but paypal is acceptable.
RETURNS & WARRENTY
If your device requires service, please contact KnCMiner,
I do not provide warranty service. Once I receive payment you own the item. KNC Will Provide 12 Months Warranty for this
PreOrder Batch Only, all other batches come with 3 Months Warranty.
All Sales are final.
Does not come with Power Supplies but I can recommend the perfect supplier which has been mining my KNC Neptunes flawlessly for 2 months.
Shipping not included and calculated separately or collect-in-person (London, UK)
These machines are listed as $5,995 but come with a waiting list of about 2-3 months, have VAT and delivery added so come to a total price of approx. $7,450 (£4,400).
BUY-IT-NOW for £3,950/$6,495/14BTC and receive your miner immediately and without delay.
I no longer have the space available for these two excellent machines so I am reluctantly selling them to prospectors wanting to mine for the future.
DESCRIPTION
The KnC Neptune Bitcoin Mining Rig is KNCMiners flagship Bitcoin miner providing hassle free hashing, permitting users to mine for Bitcoins at a
greater efficiency than anything else on the market for the foreseeable future. This device is designed by Swedens ORSoC engineers, and will offer industry
leading performance and power consumption per GigaHash (Gh). Keep in mind these units can also be used for other sha-256 coins.
3500+ GH/s per 5 cubes, the 5 cubes averages about 3.5TH/s
20nm standard cell ASIC mining chips (which are being designed exclusively for KnCMiner by ORSoC)
Embedded Custom Beaglebone Linux device to allow for standalone Neptune Bitcoin mining. No PC necessary
Energy consumption: ~ 1950 watts at the wall. Average of 0.57 watts per GH/s with PSU
This device will require a modular PCI Express ATX power supply
Sold without Power Supply, Recommend 3 x 850W GOLD
Running the 1.00 firmware specially optimized for better performance
1 year Warranty through KnCMiner
All documentation for unit is on the KnCMiner support website
SHIPPING
Shipping is FedEx expedited and will be insured for the total purchase price. Once payment is confirmed, I will ship by the next business day.
PAYMENT
If I do not receive payment in 24 hours I will award to the next highest bidder. I will not ship until payment clears. Preferred payment method is direct bank transfer or Bitcoin but paypal is acceptable.
RETURNS & WARRENTY
If your device requires service, please contact KnCMiner,
I do not provide warranty service. Once I receive payment you own the item. KNC Will Provide 12 Months Warranty for this
PreOrder Batch Only, all other batches come with 3 Months Warranty.
All Sales are final.
Re: BitCoin mining difficulty forecast spreadsheet I made on Google Docs.
Just wanted to say thanks for the excel calculations. Works perfectly and demonstrates that I have most likely lost $15k buying 2 x Neptunes just delivered and break even with 4 x Cointerra's (converted to contract) delivered early June.
Still it's great to be a part of the game!
Still it's great to be a part of the game!
Re: Is withholding Mining Machines fraud and does that provide for a damages claim?
I suppose they have carefully positioned themselves to avoid any back lash. The only reason there is no ROI with mining is because the manufactures mine the coins first. If these Neptunes were delivered even 3 months ago we would have all seen a ROI. Now we are looking at reaching not even 80% of the BTC that could have been bought at the high price of $950.
Lesson learned you could say, but I'm just saying it stinks to high heaven that although they delivered what was promised, that I pre-ordered and that their contract had no stipulations on what they could do with the cash, I still believe that regardless of contracts that it could be considered fraud if they used the machines we own to do any of the mining.
It's likely that they used the money to build as many jupiters as possible to mine as much as possible, delaying the production of the Neptunes as the priority is to mine as fast as possible.
All very clever, but just means the consumers who supported them and got them where they are have lost out big time in that the amount of BTC they could have bought (even at higher prices) will not be matched by the amount of BTC that can be mined.
For a ROI value of 0% for a Neptune delivered today I believe should be approx. $3,500. Delivered next month approx. $2,000. They should be selling them for $2,000 today for delivery today if there is even a hope in making a decent return. So much for the $13,000 that I paid for them. That's $15-19,000 that I will never see again. I was expecting to see them at the beginning of Q2 since they were presenting it as such with 'delivery Q1/Q2' and other such statements. Even if it was delivered in mid May I would have made my money back.
I'm just glad I didn't buy any more than 2. At least coin terra started mining for me early June even though I ordered from them in January.
Lesson learned you could say, but I'm just saying it stinks to high heaven that although they delivered what was promised, that I pre-ordered and that their contract had no stipulations on what they could do with the cash, I still believe that regardless of contracts that it could be considered fraud if they used the machines we own to do any of the mining.
It's likely that they used the money to build as many jupiters as possible to mine as much as possible, delaying the production of the Neptunes as the priority is to mine as fast as possible.
All very clever, but just means the consumers who supported them and got them where they are have lost out big time in that the amount of BTC they could have bought (even at higher prices) will not be matched by the amount of BTC that can be mined.
For a ROI value of 0% for a Neptune delivered today I believe should be approx. $3,500. Delivered next month approx. $2,000. They should be selling them for $2,000 today for delivery today if there is even a hope in making a decent return. So much for the $13,000 that I paid for them. That's $15-19,000 that I will never see again. I was expecting to see them at the beginning of Q2 since they were presenting it as such with 'delivery Q1/Q2' and other such statements. Even if it was delivered in mid May I would have made my money back.
I'm just glad I didn't buy any more than 2. At least coin terra started mining for me early June even though I ordered from them in January.
Is withholding Mining Machines fraud and does that provide for a damages claim?
I just received my 2 x Neptunes and I also recently received by cloud account with cointerra after converting my order from 4 x 2TH machines that clearly weren't being delivered on time.
What I find stinky suspicious and almost blatantly obvious as fraud is how having paid for these machines in December to early January, that the timing of delivery just HAPPENS to be when it becomes practically unfeasible to make any return on your investment.
My claim is that these two providers took all the money to develop mining machines for clients but instead built a server farm of their own to mine all the coins until they were at a profit level that makes it unaffordable. At this point, they begin pushing the mining machines back out to order.
Now if this is the case, surely there is a possibility to make a claim of fraud and damages.
It's almost like a large scale investment in a real gold mine, and the company that builds the mine steals all the gold before delivering the mine to the investor. Anyone else think that this is akin to fraud?
All we need now is the proof and testimony to the fact that this did in fact happen. What's clear is that KNC did have a huge data centre with mining machines well before delivery of the Neptunes even took place. Looking at the machines in the photo, they look like they are Neptunes without the cube frame boxes wrapped around them.
My KNC controller boards where also completely miss configured. Almost as if they had been used and then reset but the reset didn't completely reset the boards.
I believe that the claim would be for the amount of lost revenue from mining given the with-holding period of the machines. Given that we can accurately calculate what would have been mined when, and perhaps even look at pool data to see where the machines were mining from, we could theoretically calculate how much was mined from the machines.
Surely we could be talking hundreds of thousands of lost BTC to KNC and Cointerra while they withheld our machines?
Cheers
What I find stinky suspicious and almost blatantly obvious as fraud is how having paid for these machines in December to early January, that the timing of delivery just HAPPENS to be when it becomes practically unfeasible to make any return on your investment.
My claim is that these two providers took all the money to develop mining machines for clients but instead built a server farm of their own to mine all the coins until they were at a profit level that makes it unaffordable. At this point, they begin pushing the mining machines back out to order.
Now if this is the case, surely there is a possibility to make a claim of fraud and damages.
It's almost like a large scale investment in a real gold mine, and the company that builds the mine steals all the gold before delivering the mine to the investor. Anyone else think that this is akin to fraud?
All we need now is the proof and testimony to the fact that this did in fact happen. What's clear is that KNC did have a huge data centre with mining machines well before delivery of the Neptunes even took place. Looking at the machines in the photo, they look like they are Neptunes without the cube frame boxes wrapped around them.
My KNC controller boards where also completely miss configured. Almost as if they had been used and then reset but the reset didn't completely reset the boards.
I believe that the claim would be for the amount of lost revenue from mining given the with-holding period of the machines. Given that we can accurately calculate what would have been mined when, and perhaps even look at pool data to see where the machines were mining from, we could theoretically calculate how much was mined from the machines.
Surely we could be talking hundreds of thousands of lost BTC to KNC and Cointerra while they withheld our machines?
Cheers
Re: DOES COINTERRA OWE YOU MONEY ??? TIRED OF WAITING FOR YOU MONEY ???
My January order was for a May Delivery. Failure to deliver is a breach of contract in my mind. Roll on June 1st and I will file away. It would be good to get an indication of numbers.
I asked for a refund in April and they refused then so strange that they are offering refunds to some and not others.
I asked for a refund in April and they refused then so strange that they are offering refunds to some and not others.
I am also in the same boat. Have ordered 4 units for May delivery. We are near the end of May now and yet they somehow seem to have a server farm setup. Surely they should have delivered our machines before the server farm or offered us a direct conversion to the server farm instead. Meanwhile they are still taking orders. Lets see how quickly they respond when you ask to buy more stuff from them.
When you do the calculations now, you'll never make your money back on the cointerra machines. I feel totally scammed out of hard earned money that I will never get back.
What's the route for a class action? They did not deliver on their word of a May delivery. My order was II4297 on Jan 21st.
Really sad that they haven't delivered on their word. Still hope that KNC can deliver my machines in a timely manor but that's fast fading.
Come on Cointerra! RESPOND TO YOUR CUSTOMERS!
When you do the calculations now, you'll never make your money back on the cointerra machines. I feel totally scammed out of hard earned money that I will never get back.
What's the route for a class action? They did not deliver on their word of a May delivery. My order was II4297 on Jan 21st.
Really sad that they haven't delivered on their word. Still hope that KNC can deliver my machines in a timely manor but that's fast fading.
Come on Cointerra! RESPOND TO YOUR CUSTOMERS!
4 x Cointerra Miner IV May Batch and 4 x Neptune for sale
TerraMiner
I purchased Cointerra in January for the May batch but recently had to move so I've got nowhere to house these items.
On offer is to buy all 4 terramines which are expected to exceed 2TH/s as this is the second batch where full optimisations have taken place.
Order is expected to be ready within 2 weeks.
TerraMiner IV 2TH/s, Networked ASIC Miner (May Batch) 4 $23,996 (January 21, 2014)
KNC Neptunes
Also on offer is 4 x KNC Neptunes on order due to ship within the next 4 weeks. Purchase price $26,351.20. Original purchase was for 2 but recent update from KNC is to offer 2 for 1 for each Neptune order. This order was a Batch 2 order. Order No. 13534. Includes shipping to the UK or other European destination.
Offers in excess of the purchase price only please.
Happy to accept payment in BTC or Bank Transfer.
I purchased Cointerra in January for the May batch but recently had to move so I've got nowhere to house these items.
On offer is to buy all 4 terramines which are expected to exceed 2TH/s as this is the second batch where full optimisations have taken place.
Order is expected to be ready within 2 weeks.
TerraMiner IV 2TH/s, Networked ASIC Miner (May Batch) 4 $23,996 (January 21, 2014)
KNC Neptunes
Also on offer is 4 x KNC Neptunes on order due to ship within the next 4 weeks. Purchase price $26,351.20. Original purchase was for 2 but recent update from KNC is to offer 2 for 1 for each Neptune order. This order was a Batch 2 order. Order No. 13534. Includes shipping to the UK or other European destination.
Offers in excess of the purchase price only please.
Happy to accept payment in BTC or Bank Transfer.
Bitcoin priced as a function of net human capacity
What if we were to price BTC in terms of the net human work capacity available? Everything that is done, produced, made etc.... is a result of human work. Even if it was a robot that did the work, the initial work in building that robot was human.
Could we value BTC as a formulae such as: (World Population X Human work potential in a lifetime) / Total BTC in circulation.
Thus we could then say that a BTC would be worth:
(7.162 Billion people X 10 hours a day X 288 days a year X 50 working years)/ 12,000,000 = 8,594,4000 hours of human labour.
As the number of BTC increases or as the world population decreases, the total worth of human labour per BTC would change accordingly.
If it was agreed by a group body what the 'worth' of a BTC is independent of existing fiat currencies (which are frankly worthless), we could then ignore all Fiat completely and create an economy independent of fiat currencies - trading on a mutually agreed value of a BTC.
It might seem then that a Satoshi would be worth about 1 human hour of labour, but once you take into account what it takes to create something it isn't in the realms of unrealistic.
So to sum up: Value BTC as a function of HUMAN LABOUR POTENTIAL.
Bad or good idea?
I believe one of the failing points of bitcoin is that we constantly want to price it against other fiat currencies and present Bitcoin as a fiat currency itself. Although it shares many qualities of a fiat currency, it also shares more qualities of a hard currency like gold yet all we can quantify it is against the total sum of bitcoins in existence and predicted to exist.
Bitcoin needs to ignore all other money and just become a means of transacting value which is its true purpose. We can't look at it in fiat because when the central bank bullshit blows apart and fails catastrophically, nobody is going to give a shit about fiat currency so you won't be able to buy any with a bag full of $$$'s.
So how much should a BTC be worth valued against something intrinsic? How do we value it more precisely? We could say that if it took over all financial markets it would be worth what the current financial market is worth, yet if it did replace existing financial markets you can no longer define it as being worth so much in USD as they won't exist any more.
Instead it makes more sense to value it against something we can all agree on and which is true to bitcoins nature.
Could we value BTC as a formulae such as: (World Population X Human work potential in a lifetime) / Total BTC in circulation.
Thus we could then say that a BTC would be worth:
(7.162 Billion people X 10 hours a day X 288 days a year X 50 working years)/ 12,000,000 = 8,594,4000 hours of human labour.
As the number of BTC increases or as the world population decreases, the total worth of human labour per BTC would change accordingly.
If it was agreed by a group body what the 'worth' of a BTC is independent of existing fiat currencies (which are frankly worthless), we could then ignore all Fiat completely and create an economy independent of fiat currencies - trading on a mutually agreed value of a BTC.
It might seem then that a Satoshi would be worth about 1 human hour of labour, but once you take into account what it takes to create something it isn't in the realms of unrealistic.
So to sum up: Value BTC as a function of HUMAN LABOUR POTENTIAL.
Bad or good idea?
I believe one of the failing points of bitcoin is that we constantly want to price it against other fiat currencies and present Bitcoin as a fiat currency itself. Although it shares many qualities of a fiat currency, it also shares more qualities of a hard currency like gold yet all we can quantify it is against the total sum of bitcoins in existence and predicted to exist.
Bitcoin needs to ignore all other money and just become a means of transacting value which is its true purpose. We can't look at it in fiat because when the central bank bullshit blows apart and fails catastrophically, nobody is going to give a shit about fiat currency so you won't be able to buy any with a bag full of $$$'s.
So how much should a BTC be worth valued against something intrinsic? How do we value it more precisely? We could say that if it took over all financial markets it would be worth what the current financial market is worth, yet if it did replace existing financial markets you can no longer define it as being worth so much in USD as they won't exist any more.
Instead it makes more sense to value it against something we can all agree on and which is true to bitcoins nature.
Yes still getting spam each day. Todays spam:
From: "Bitstamp.localmachine@Bitstamp.net" <Bitstamp.localmachine@Bitstamp.net>
Hello everyone! and apologize for the delays and lack of communication are currently working on some design improvements / server.
During the week we will update this page with the status of the project, given the final stage where we are.
Steps For Tuesday March 4, 2014:
Please check if your balance in this file is correct ( Same your wallet balance ) .. And replay asap if you see any problem.
END EMAIL
Note: Image is attached in the email presenting itself as a PDF. Clicking opens a URL: bitly dotc com/1fAxcqX (- mod note: careful, java malware) which downloads a JAR file Bitstamp.jar.
HEADER:
Return-Path: Bitstamp.localmachine@Bitstamp.net
Return-Path: <Bitstamp.localmachine@bitstamp.net>
Received: from mailer214.gate184.sl.smtp.com ([192.40.184.214]) by mx.kundenserver.de (mxeue006) with ESMTP (Nemesis) id 0MTR6R-1WXuli3xln-00SPb7 for ; Thu, 13 Mar 2014 20:46:42 +0100
Received: from [216.55.179.253] ([216.55.179.253:55267] helo=216-55-179-253.dedicated.codero.net) by sl-mta05 (envelope-from <Bitstamp.localmachine@bitstamp.net>) (ecelerity 3.3.2.44647 r(44647)) with ESMTPSA (cipher=AES256-SHA) id B4/68-05659-E1B02235; Thu, 13 Mar 2014 19:46:38 +0000
X-Msfbl: am9obkB3aHlpbnZlc3RpbmJpdGNvaW4ub3JnQDE5Ml80MF8xODRfMjE0QHJldGFp bF9zaGFyZWRfcG9vbF8xNkA=
Dkim-Signature: v=1; a=rsa-sha256; d=smtp.com; s=smtpcomcustomers; c=relaxed/simple; q=dns/txt; i=@smtp.com; t=1394739998; h=From:Subject:To:Date:MIME-Version:Content-Type; bh=HQnhOrY5DGPwzcKALpT3xpM3sEcX0m+y0xi7pQDiAGM=; b=IW9PSxYU5pbkEgXcJmGhUvO9R/dNfKYSSt39P+kdSJ6vqx472vU1qJDaYXerXS/W r9WGPy7IFxvTWR+2gDkRcMm6YYPvPo31y+L4QicThe7CJaa1wCOWpOE2J+Li4Wp7 NR1vRwsfq71JOw2CfLZ3YXUuoEfniUuKXNnoQgVH5Ts=;
Message-Id:
Content-Type: multipart/alternative; boundary="lAli5=_KW277LeLsNcONJCFCZn03P60Ylf"
Mime-Version: 1.0
Organization: Bitstamp.localmachine@Bitstamp.net
X-Smtpcom-Tracking-Number: 405641df-71a5-413f-ae15-e6005563a870
X-Smtpcom-Sender-Id: 6013957
X-Smtpcom-Spam-Policy: SMTP.com is a paid relay service. We do not tolerate UCE of any kind. Please report it ASAP to abuse@smtp.com
Envelope-To:
X-Ui-Filterresults: notjunk:1;V01:K0:p67KrJy3dFM=:2RFiOYEcodfPz01FGnFI7OGZVM QMJEJHMvE8XA+GNy+5+oGD7qfZ0ivGjAwcp37yB44h5tyYzVR2QSMlljVn6gzVCO15jePToXJ fn7zsMk/GTrxjylKv69Q7zlksV0WHLvKNdFRttk62n/K4a84rC7Yx101OzTFGgxDhlCPaHD1v X4StWwLxVAvXHohekjsg7C4LIS9p+6jW21/OSt4a+7gqI5ErcH7zKApGu79Jwzamtbq9C5Hiq aFsDjezrbetNOZtBNeIV8pJvlgbebbNSCe5uxL0Tbpd2U1DokdKF8HNmR0nvGgV2t3Ke/d+kL rqTwp0x5BVaXPevWTSockRWNiQR2eQbkPtN93/t7mgzSKAQ5jjYqFALW8kyqibX4CaErdTAHe 0UsVgDwCF2DXOn50ggWjaExQTX0tahv6X73euF4Qy2F3Gyt2vJBCw3jpFPNPKC4ksc2uneHor n6uHLlDiWvs1aVQ9gO1r0WuA/EW1oC14kmrorSnYDqHVzsGgKjkw2FiDFNbaFNgkYfOC03JuI mTFbOHXM5Qx1qZNvHxHX7YCMomPxn77gfwcTN2xiDAmWEe6LIID02xh43bD8vczSH/Gi56pM/ +w31Sx59GkajFviLtX77QcGKjdzgmsNi2z8r6bn6xR218wzP8vmYha/mUPv703V3c98NPYv45 6RmpjiznizKV1zaitDJhkp8ZVSNvfPBtMpykUDIx4hq7+3EJ92X45tlom7kzHHJYwCkIxX5WI EoIOQb3WMaj+OTDxjQpsFLp1e1ivAw+AHiBC1M4yApiHZW/KvPnj8XwQY5uL7lcVikEuVsadq bKOyHfjzE+mPXu5odOms0bgcl9tGPDlBsZwhkAltmRk+rJWTiNtAI3K1UgXMTJZ7kycMf1YjU dHBDFDMqpFb3R27VSTgDJU89jSXSJFZs11CHrEeJTip5cqytoV9SEdaL7yHR0wZM//WLQr2CM RvKoRdzCNCymQdxIJMblL+xB8UkCYXtqyx/KCJpn1OQMii0rQjgFY8G8GJBSgQP4g61owB4Ey brHj9j/70dzBqk4vvWUbv2T0NlntWkazKYav3/eAOJuIcXD9n94BUIRJ/rbrNn2D8AeCKir9O qpwJYVEZBoAD/XUan5kItHBqMKYRVu4ddU5xuJotHXpwJhGmcpN+5o7EiNGa2cOu2Ixv5B1dH uyVIagNbtzYzQA1w8F2HaLcEAFtrw0tVhYfO4eUo6h+koxs6YcAzZ+roFSQ57i6SpnG+z6tkH NkHQiziwVsRapwe/c+OZ9HnfuenGiYxY7SeRoto1X9h1c52J1rBS3a4/eYItvZ+uddPhdQkbS QGNxTD96CjPrmwUE8XTIOZrvFenWc3VqvKbdAq+57aUXSKuNK69tuR/FPg0v6W4tybOY
Bitstamp [Trading will be suspended for 24 hours]
From: "Bitstamp.localmachine@Bitstamp.net" <Bitstamp.localmachine@Bitstamp.net>
Hello everyone! and apologize for the delays and lack of communication are currently working on some design improvements / server.
During the week we will update this page with the status of the project, given the final stage where we are.
Steps For Tuesday March 4, 2014:
Please check if your balance in this file is correct ( Same your wallet balance ) .. And replay asap if you see any problem.
END EMAIL
Note: Image is attached in the email presenting itself as a PDF. Clicking opens a URL: bitly dotc com/1fAxcqX (- mod note: careful, java malware) which downloads a JAR file Bitstamp.jar.
HEADER:
Return-Path: Bitstamp.localmachine@Bitstamp.net
Return-Path: <Bitstamp.localmachine@bitstamp.net>
Received: from mailer214.gate184.sl.smtp.com ([192.40.184.214]) by mx.kundenserver.de (mxeue006) with ESMTP (Nemesis) id 0MTR6R-1WXuli3xln-00SPb7 for ; Thu, 13 Mar 2014 20:46:42 +0100
Received: from [216.55.179.253] ([216.55.179.253:55267] helo=216-55-179-253.dedicated.codero.net) by sl-mta05 (envelope-from <Bitstamp.localmachine@bitstamp.net>) (ecelerity 3.3.2.44647 r(44647)) with ESMTPSA (cipher=AES256-SHA) id B4/68-05659-E1B02235; Thu, 13 Mar 2014 19:46:38 +0000
X-Msfbl: am9obkB3aHlpbnZlc3RpbmJpdGNvaW4ub3JnQDE5Ml80MF8xODRfMjE0QHJldGFp bF9zaGFyZWRfcG9vbF8xNkA=
Dkim-Signature: v=1; a=rsa-sha256; d=smtp.com; s=smtpcomcustomers; c=relaxed/simple; q=dns/txt; i=@smtp.com; t=1394739998; h=From:Subject:To:Date:MIME-Version:Content-Type; bh=HQnhOrY5DGPwzcKALpT3xpM3sEcX0m+y0xi7pQDiAGM=; b=IW9PSxYU5pbkEgXcJmGhUvO9R/dNfKYSSt39P+kdSJ6vqx472vU1qJDaYXerXS/W r9WGPy7IFxvTWR+2gDkRcMm6YYPvPo31y+L4QicThe7CJaa1wCOWpOE2J+Li4Wp7 NR1vRwsfq71JOw2CfLZ3YXUuoEfniUuKXNnoQgVH5Ts=;
Message-Id:
Content-Type: multipart/alternative; boundary="lAli5=_KW277LeLsNcONJCFCZn03P60Ylf"
Mime-Version: 1.0
Organization: Bitstamp.localmachine@Bitstamp.net
X-Smtpcom-Tracking-Number: 405641df-71a5-413f-ae15-e6005563a870
X-Smtpcom-Sender-Id: 6013957
X-Smtpcom-Spam-Policy: SMTP.com is a paid relay service. We do not tolerate UCE of any kind. Please report it ASAP to abuse@smtp.com
Envelope-To:
X-Ui-Filterresults: notjunk:1;V01:K0:p67KrJy3dFM=:2RFiOYEcodfPz01FGnFI7OGZVM QMJEJHMvE8XA+GNy+5+oGD7qfZ0ivGjAwcp37yB44h5tyYzVR2QSMlljVn6gzVCO15jePToXJ fn7zsMk/GTrxjylKv69Q7zlksV0WHLvKNdFRttk62n/K4a84rC7Yx101OzTFGgxDhlCPaHD1v X4StWwLxVAvXHohekjsg7C4LIS9p+6jW21/OSt4a+7gqI5ErcH7zKApGu79Jwzamtbq9C5Hiq aFsDjezrbetNOZtBNeIV8pJvlgbebbNSCe5uxL0Tbpd2U1DokdKF8HNmR0nvGgV2t3Ke/d+kL rqTwp0x5BVaXPevWTSockRWNiQR2eQbkPtN93/t7mgzSKAQ5jjYqFALW8kyqibX4CaErdTAHe 0UsVgDwCF2DXOn50ggWjaExQTX0tahv6X73euF4Qy2F3Gyt2vJBCw3jpFPNPKC4ksc2uneHor n6uHLlDiWvs1aVQ9gO1r0WuA/EW1oC14kmrorSnYDqHVzsGgKjkw2FiDFNbaFNgkYfOC03JuI mTFbOHXM5Qx1qZNvHxHX7YCMomPxn77gfwcTN2xiDAmWEe6LIID02xh43bD8vczSH/Gi56pM/ +w31Sx59GkajFviLtX77QcGKjdzgmsNi2z8r6bn6xR218wzP8vmYha/mUPv703V3c98NPYv45 6RmpjiznizKV1zaitDJhkp8ZVSNvfPBtMpykUDIx4hq7+3EJ92X45tlom7kzHHJYwCkIxX5WI EoIOQb3WMaj+OTDxjQpsFLp1e1ivAw+AHiBC1M4yApiHZW/KvPnj8XwQY5uL7lcVikEuVsadq bKOyHfjzE+mPXu5odOms0bgcl9tGPDlBsZwhkAltmRk+rJWTiNtAI3K1UgXMTJZ7kycMf1YjU dHBDFDMqpFb3R27VSTgDJU89jSXSJFZs11CHrEeJTip5cqytoV9SEdaL7yHR0wZM//WLQr2CM RvKoRdzCNCymQdxIJMblL+xB8UkCYXtqyx/KCJpn1OQMii0rQjgFY8G8GJBSgQP4g61owB4Ey brHj9j/70dzBqk4vvWUbv2T0NlntWkazKYav3/eAOJuIcXD9n94BUIRJ/rbrNn2D8AeCKir9O qpwJYVEZBoAD/XUan5kItHBqMKYRVu4ddU5xuJotHXpwJhGmcpN+5o7EiNGa2cOu2Ixv5B1dH uyVIagNbtzYzQA1w8F2HaLcEAFtrw0tVhYfO4eUo6h+koxs6YcAzZ+roFSQ57i6SpnG+z6tkH NkHQiziwVsRapwe/c+OZ9HnfuenGiYxY7SeRoto1X9h1c52J1rBS3a4/eYItvZ+uddPhdQkbS QGNxTD96CjPrmwUE8XTIOZrvFenWc3VqvKbdAq+57aUXSKuNK69tuR/FPg0v6W4tybOY
Bitstamp [Trading will be suspended for 24 hours]
Header from one of them: (Intersting bit: X-Get-Message-Sender-Via: host.askroz.com.au: authenticated_id: segrroz/only user confirmed/virtual account not confirmed)
Return-Path: segrroz@host.askroz.com.au
Received: from host.askroz.com.au ([122.201.116.28]) by mx.kundenserver.de (mxeue105) with ESMTPS (Nemesis) id 0MXUUI-1WgbeN20pi-00WWSP for ; Sun, 02 Mar 2014 18:59:58 +0100
Received: from segrroz by host.askroz.com.au with local (Exim 4.82) (envelope-from <segrroz@host.askroz.com.au>) id 1WKAg4-0008Ri-Jq for john@ REMOVEDOBVIOUSLY; Mon, 03 Mar 2014 04:59:52 +1100
Message-Id: <4f3e70ea134cc69c3e32b81ab05e94f4@www.askroz.com.au>
X-Priority: 3
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="b1_4f3e70ea134cc69c3e32b81ab05e94f4"
X-Antiabuse: This header was added to track abuse, please include it with any abuse report
X-Antiabuse: Primary Hostname - host.askroz.com.au
X-Antiabuse: Original Domain - REMOVEDOBVIOUSLY
X-Antiabuse: Originator/Caller UID/GID - [591 32007] / [47 12]
X-Antiabuse: Sender Address Domain - host.askroz.com.au
X-Get-Message-Sender-Via: host.askroz.com.au: authenticated_id: segrroz/only user confirmed/virtual account not confirmed
X-Source: /usr/bin/php
X-Source-Args: /usr/bin/php /home/segrroz/public_html/blog/id.php
X-Source-Dir: askroz.com.au:/public_html/blog
Envelope-To:
X-Ui-Filterresults: notjunk:1;V01:K0:kNVgTSEcnB4=:yvxUiE5iVyQeuy6Hh1c1WT4qRn zn273iQU5t4Pe/Thv717UNi1KfrmESYcph21J6GUHh+mMjqBbES5bbXSFBU6rgyaZEIM5Oqrd KZlu1ZQEJr+lVB29zjSvMS43DQGaG9pFSxhJgUyBF3k78LGGIRU0mUrK2sO282CEvz8hs1WKZ qy1yxNdHUjSuMNrFM77puIeLeZ4mp0ZX0NOXWsx5866a2oZWeKgBUU6bphIj6+uwCpMoGPS52 N9eK85ufPas3sJAo7tL7j7l+fYPwCpqd6XX6aWF9EDAAcDIQ3P+uLAtQVo937GkvWFSCYwgv1 /P0zCa5p+oCagNsnmUNT8X94AxBXv0b8aqnOCtO/0qE3hux7gnpKhUcp7JQtostIPoLo6vQwE imJok7vLVFg2637oG3KHmr7909y2qKZNtl05PR5OUzXJyFAzyCRyk3t0xkeDmdrVX/TOsXR3H qofMUD2fhsTeEaEuKwopQyZTY8YPd3T3rZkTuUfgRwQgzg7mGF9k3nXmKPcYBbMhDS5BZR8BP rPCHPXSPQNb3OBCmedc9/jcdjqZoXlr1nEgdPaXinLMoUm/5JhsjOSmQtInryy+n9Riu7EpU2 pMdTAk7fj120RnvK1Ov7kqP3nSDCZzJL95OvHW9uW8gdzx55du/vol4L5AHKyw5bLPaBYdtnO u7L8wLC11PkPA2GG+EZdxWkQkA6cDtxv2HOiKwafL4LolsWxy3NUogYyon3gfhUKxSBQ6Mh/f SsWMvgFO8ixsV2Yc6ac//hlC3F/quNoDyTGX1HtmgsV0N+9SQpSilpVP+mtXKaaFbj5IPr2gr U666bSDiTWYqDTq/WKF598BpwuVfY9C2amOtzoqNj/FNPnlJpWADiaBX9h3wncgSpuek+5HOo WaDCkTdlx+fdi6/lAJXx62kVSqOxG9hHJOXTNC8emYYFN+wML+tflSKdqBl8pJ8SibbCkn/bu ADGZnepHNJJgMfMPr7PtKPg5hkz6tw3TZPvkj+V51w3kwbjyvBp0c90IxCA4TaeKu0QGsmysi jESkRmK6omOOFnlrBvwGAuVIKGfUXy8XcPs71ExSn0PW0btxj2WAbJ8upHbxk5LUHG5T9h33v PhCX5R7LruzP+RO4mpt6mxp6WpS2IQ0eCZjfsX0Wfk87qCnLM3l2kqwEHOoVZMgBimQL9JfGH JchZTrxKLYoWNsQr9qwKzr7DFZEqRJHstrt7v6Z4qt0NOlCD48rBL4i+cBg7U6sSFAsnC7lnr FIEVJgJ0zaIudvaOGMpZ/GOaF6YRxi+px0w==
Multibit is an innovative payment network and a new kind of money
Return-Path: segrroz@host.askroz.com.au
Received: from host.askroz.com.au ([122.201.116.28]) by mx.kundenserver.de (mxeue105) with ESMTPS (Nemesis) id 0MXUUI-1WgbeN20pi-00WWSP for ; Sun, 02 Mar 2014 18:59:58 +0100
Received: from segrroz by host.askroz.com.au with local (Exim 4.82) (envelope-from <segrroz@host.askroz.com.au>) id 1WKAg4-0008Ri-Jq for john@ REMOVEDOBVIOUSLY; Mon, 03 Mar 2014 04:59:52 +1100
Message-Id: <4f3e70ea134cc69c3e32b81ab05e94f4@www.askroz.com.au>
X-Priority: 3
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="b1_4f3e70ea134cc69c3e32b81ab05e94f4"
X-Antiabuse: This header was added to track abuse, please include it with any abuse report
X-Antiabuse: Primary Hostname - host.askroz.com.au
X-Antiabuse: Original Domain - REMOVEDOBVIOUSLY
X-Antiabuse: Originator/Caller UID/GID - [591 32007] / [47 12]
X-Antiabuse: Sender Address Domain - host.askroz.com.au
X-Get-Message-Sender-Via: host.askroz.com.au: authenticated_id: segrroz/only user confirmed/virtual account not confirmed
X-Source: /usr/bin/php
X-Source-Args: /usr/bin/php /home/segrroz/public_html/blog/id.php
X-Source-Dir: askroz.com.au:/public_html/blog
Envelope-To:
X-Ui-Filterresults: notjunk:1;V01:K0:kNVgTSEcnB4=:yvxUiE5iVyQeuy6Hh1c1WT4qRn zn273iQU5t4Pe/Thv717UNi1KfrmESYcph21J6GUHh+mMjqBbES5bbXSFBU6rgyaZEIM5Oqrd KZlu1ZQEJr+lVB29zjSvMS43DQGaG9pFSxhJgUyBF3k78LGGIRU0mUrK2sO282CEvz8hs1WKZ qy1yxNdHUjSuMNrFM77puIeLeZ4mp0ZX0NOXWsx5866a2oZWeKgBUU6bphIj6+uwCpMoGPS52 N9eK85ufPas3sJAo7tL7j7l+fYPwCpqd6XX6aWF9EDAAcDIQ3P+uLAtQVo937GkvWFSCYwgv1 /P0zCa5p+oCagNsnmUNT8X94AxBXv0b8aqnOCtO/0qE3hux7gnpKhUcp7JQtostIPoLo6vQwE imJok7vLVFg2637oG3KHmr7909y2qKZNtl05PR5OUzXJyFAzyCRyk3t0xkeDmdrVX/TOsXR3H qofMUD2fhsTeEaEuKwopQyZTY8YPd3T3rZkTuUfgRwQgzg7mGF9k3nXmKPcYBbMhDS5BZR8BP rPCHPXSPQNb3OBCmedc9/jcdjqZoXlr1nEgdPaXinLMoUm/5JhsjOSmQtInryy+n9Riu7EpU2 pMdTAk7fj120RnvK1Ov7kqP3nSDCZzJL95OvHW9uW8gdzx55du/vol4L5AHKyw5bLPaBYdtnO u7L8wLC11PkPA2GG+EZdxWkQkA6cDtxv2HOiKwafL4LolsWxy3NUogYyon3gfhUKxSBQ6Mh/f SsWMvgFO8ixsV2Yc6ac//hlC3F/quNoDyTGX1HtmgsV0N+9SQpSilpVP+mtXKaaFbj5IPr2gr U666bSDiTWYqDTq/WKF598BpwuVfY9C2amOtzoqNj/FNPnlJpWADiaBX9h3wncgSpuek+5HOo WaDCkTdlx+fdi6/lAJXx62kVSqOxG9hHJOXTNC8emYYFN+wML+tflSKdqBl8pJ8SibbCkn/bu ADGZnepHNJJgMfMPr7PtKPg5hkz6tw3TZPvkj+V51w3kwbjyvBp0c90IxCA4TaeKu0QGsmysi jESkRmK6omOOFnlrBvwGAuVIKGfUXy8XcPs71ExSn0PW0btxj2WAbJ8upHbxk5LUHG5T9h33v PhCX5R7LruzP+RO4mpt6mxp6WpS2IQ0eCZjfsX0Wfk87qCnLM3l2kqwEHOoVZMgBimQL9JfGH JchZTrxKLYoWNsQr9qwKzr7DFZEqRJHstrt7v6Z4qt0NOlCD48rBL4i+cBg7U6sSFAsnC7lnr FIEVJgJ0zaIudvaOGMpZ/GOaF6YRxi+px0w==
Multibit is an innovative payment network and a new kind of money
Some of the emails:
From: multibit@team.multibit.org
Dear User
you get new funds 10.944 BTC Please Click On the link To active your Funds
and download the invoice
https://multibit.org/releases/active/funds/10btc/1LpursCfDsiQcg6v6isdYFyKe4DNtYoXk2
Greetings
Multibit Team
From: bitcoin <zakaz@mtk-gr.ru>
Dear User
you get new funds 10.944 BTC Please Click On the link To active your Funds
and download the invoice
https://bitcoin.org/releases/active/funds/10btc/1LpursCfDsiQcg6v6isdYFyKe4DNtYoXk2
Greetings
bitcoin Team
From: Bitcoin <wallet@bitcoin.help.org>
New Wallet Update
Attachment: Wallet.jar
From:KnCMiner <info@kncminer.com>
Dear Client,
Per your request, we have canceled your service. Billing on this account will cease as of 2014-03-11. Your confirmation number is 82022629.
Should you wish to reactivate your account, please click here and fill your information. (bitly dot com/1kdPqie - mod note: careful, java malware)
And that is all in the past 3 days. I'm getting them EVERY day from various. It's like they KNOW me and the services and products I have signed up for. I have had spam presented as from blockchain.org, bitstamp, btc-e, mtgox, multibit and others. We HAVE to fight back against these clever hacking thieves. Bitcoin community STAND UP and protect what is yours to protect. These people need to go to jail pronto.
My grandma would have clicked on one of these attachments no-doubt and lost all her savings. We need robust solutions to this.
From: multibit@team.multibit.org
Dear User
you get new funds 10.944 BTC Please Click On the link To active your Funds
and download the invoice
https://multibit.org/releases/active/funds/10btc/1LpursCfDsiQcg6v6isdYFyKe4DNtYoXk2
Greetings
Multibit Team
From: bitcoin <zakaz@mtk-gr.ru>
Dear User
you get new funds 10.944 BTC Please Click On the link To active your Funds
and download the invoice
https://bitcoin.org/releases/active/funds/10btc/1LpursCfDsiQcg6v6isdYFyKe4DNtYoXk2
Greetings
bitcoin Team
From: Bitcoin <wallet@bitcoin.help.org>
New Wallet Update
Attachment: Wallet.jar
From:KnCMiner <info@kncminer.com>
Dear Client,
Per your request, we have canceled your service. Billing on this account will cease as of 2014-03-11. Your confirmation number is 82022629.
Should you wish to reactivate your account, please click here and fill your information. (bitly dot com/1kdPqie - mod note: careful, java malware)
And that is all in the past 3 days. I'm getting them EVERY day from various. It's like they KNOW me and the services and products I have signed up for. I have had spam presented as from blockchain.org, bitstamp, btc-e, mtgox, multibit and others. We HAVE to fight back against these clever hacking thieves. Bitcoin community STAND UP and protect what is yours to protect. These people need to go to jail pronto.
My grandma would have clicked on one of these attachments no-doubt and lost all her savings. We need robust solutions to this.
I'm regularly getting spam with Java attachments from a host of sites including multibit.org. It seems like my email has been taken from one of these servers as the scammers seem desperate to get a java package installed on my machine to I guess watch for my multibit client and take all my funds. Fortunately it's all safe from prying eyes but it is very annoying to get these emails everyday.
Where's a good place to get these packages decoded and fight back at the thieves? How can we ensure that multibit will be secure from hackers regardless? We need personal banking to be safe!
Where's a good place to get these packages decoded and fight back at the thieves? How can we ensure that multibit will be secure from hackers regardless? We need personal banking to be safe!
I was interviewed for a Russian TV News station and I have absolutely no idea what she said. Can anyone on here sensibly translate?
http://tvrain.ru/articles/beznalichnyj_raschet_kak_nauchitsja_schitat_bitkoiny-362880/
Was it overly positive for the community?
Thanks
http://tvrain.ru/articles/beznalichnyj_raschet_kak_nauchitsja_schitat_bitkoiny-362880/
Was it overly positive for the community?
Thanks
JPMorgans report has been marked.
http://whyinvestinbitcoin.org/report.php
It's a C-. Not a bad effort but could do better.
http://whyinvestinbitcoin.org/report.php
It's a C-. Not a bad effort but could do better.
Thanks deathandtaxes and timoY and a few others for your measured and considered responses. Most of the other respondents really shouldn't bother if they aren't interested in an actual debate and just want to spit and dribble.
I agree that cash is cash and if you hand it over to a scammer then shame on you. But there are many instances where reversibility serves a great purpose. I'm not suggesting that the bitcoin protocol be reworked. It's foundation is solid. But in reality people are going to want security and certainty that their funds are safe.
So perhaps the right solution is a trust based system with some level of reversibility added to instil confidence in the underlying system.
The most important thing for bitcoins adoption is trust - and I don't mean that technically. I mean that on a emotional human level. Right now most people don't trust BTC for shit because so many people get scammed, coins stolen etc... Just because most people here get and know computer security, you can't expect the same of the other 99% of people who don't even know how to turn their tvs on if they lost the remote.
So please instead of just saying NO,NO,NO why not go out there and figure out how you're going to get your grandma to use bitcoin without her loosing all her life's savings.
I agree that cash is cash and if you hand it over to a scammer then shame on you. But there are many instances where reversibility serves a great purpose. I'm not suggesting that the bitcoin protocol be reworked. It's foundation is solid. But in reality people are going to want security and certainty that their funds are safe.
So perhaps the right solution is a trust based system with some level of reversibility added to instil confidence in the underlying system.
The most important thing for bitcoins adoption is trust - and I don't mean that technically. I mean that on a emotional human level. Right now most people don't trust BTC for shit because so many people get scammed, coins stolen etc... Just because most people here get and know computer security, you can't expect the same of the other 99% of people who don't even know how to turn their tvs on if they lost the remote.
So please instead of just saying NO,NO,NO why not go out there and figure out how you're going to get your grandma to use bitcoin without her loosing all her life's savings.
One of the so-called features or benefits of bitcoin is the lack of any reverse transactions. But in many respects this is a great failing. Wouldn't it be better that if you voluntarily identify you as a legal entity holding a wallet address and that if you did not authorise a transaction (i.e. it was stolen or the goods weren't delivered) that there is a method to reverse that transaction?
What if you could submit that a transaction was illegal to the network and for a miners fee of say 10%, the transaction could be reversed by consensus? And that for addresses that are less trusted that becomes automatic but for highly trusted or fully identified addresses that goes to arbitration by one of many authorities/group of people to determine the validity?
To me, the KEY feature for bitcoin is the de-centralisation and limited quantity of units. But we need traditional services that the financial institutions currently provide for it to be useful. One feature is reverse transactions. without it is a hinderance to progress and why it exists to begin with.
Many scammers on this board I'm sure will happily protest to the idea. It doesn't work to their benefit. Is there any work being done on reverse-transactions in bitcoin?
What if you could submit that a transaction was illegal to the network and for a miners fee of say 10%, the transaction could be reversed by consensus? And that for addresses that are less trusted that becomes automatic but for highly trusted or fully identified addresses that goes to arbitration by one of many authorities/group of people to determine the validity?
To me, the KEY feature for bitcoin is the de-centralisation and limited quantity of units. But we need traditional services that the financial institutions currently provide for it to be useful. One feature is reverse transactions. without it is a hinderance to progress and why it exists to begin with.
Many scammers on this board I'm sure will happily protest to the idea. It doesn't work to their benefit. Is there any work being done on reverse-transactions in bitcoin?
Re: Back To The Future Meets Bitcoin - Promo Video
I was expecting something 'back to the future' exciting. Not a bad voiceover though. Good luck with the Tshirt business. Should have put a few examples at the end of the video.
Re: Why not launch a Blockchain iOS app for each territory?
7Priest,
You're clearly passionate but overly driven by those passions/emotions/beliefs. If you think that apple sit there talking about 'their animals which are penned into their system' and how they can 'get more serfs' not only are you delusional, you are paranoid that the world runs like a massive conspiracy designed to lock you in like a sheep. I'm going to assume your lack of higher reasoning comes from a lack of higher education but I could be wrong. It's probably genetics.
Good luck boycotting Apple - you'll account for about <1%. The same 1% that always moans how the world isn't fair and how the other top 1% have everything and how that same 1% should just give away everything they 'earned/made/stole/inherited' to you in higher taxes because you can't be 'bothered/haven't been lucky enough/don't have the connections/don't want to take a loan and get an education/don't believe that talking well and dressing well should matter'.
The day you decided to go 'open source' is the day you decided to limit your productivity because of what you believe. It was probably cheaper too - because, hey, stuff you copy is always cheaper as you don't have to make the initial investment.
I'm pretty sure you download movies and music because 'those filthy rich cartels don't deserve it'.
But apart from 7Priests divergent opinion of how we should all 'kill apple, love google'.... How else can Apple's hand be forced? (other than smashing a perfectly good phone).
P.S. Priest I'm sure you're a nice guy in person. Don't forget I love bitcoin as much as you and see it's full potential just as well.
You're clearly passionate but overly driven by those passions/emotions/beliefs. If you think that apple sit there talking about 'their animals which are penned into their system' and how they can 'get more serfs' not only are you delusional, you are paranoid that the world runs like a massive conspiracy designed to lock you in like a sheep. I'm going to assume your lack of higher reasoning comes from a lack of higher education but I could be wrong. It's probably genetics.
Good luck boycotting Apple - you'll account for about <1%. The same 1% that always moans how the world isn't fair and how the other top 1% have everything and how that same 1% should just give away everything they 'earned/made/stole/inherited' to you in higher taxes because you can't be 'bothered/haven't been lucky enough/don't have the connections/don't want to take a loan and get an education/don't believe that talking well and dressing well should matter'.
The day you decided to go 'open source' is the day you decided to limit your productivity because of what you believe. It was probably cheaper too - because, hey, stuff you copy is always cheaper as you don't have to make the initial investment.
I'm pretty sure you download movies and music because 'those filthy rich cartels don't deserve it'.
But apart from 7Priests divergent opinion of how we should all 'kill apple, love google'.... How else can Apple's hand be forced? (other than smashing a perfectly good phone).
P.S. Priest I'm sure you're a nice guy in person. Don't forget I love bitcoin as much as you and see it's full potential just as well.
The general consensus is that bitcoin is disruptive to the banking and financial infrastructure and that politicians are likely to defend the system as they are almost entirely interchangeable - i.e. policy dictates banking and banking dictates politics.
But how could those in government benefit most from bitcoin?
What would be the consequences if a country were to de-peg from the USD and peg their currency to say 1,000,000 BTC that they had secretly bought over the counter?
What if weaker countries decided to issue BTC notes that were partially backed by actual BTC?
Couldn't politicians benefit by promoting bitcoins virtues whilst winning voters?
Later couldn't politicians use the audit ability of bitcoin as a way to automatically tax people if they issue 'identity associated bitcoin addresses' to individuals and thus make it illegal to hold private unidentified wallets?
What I'm getting at here is how can bitcoin be best 'sold-in' to politicians as a mechanism for themselves that will effectively further the end game vision of bitcoin...
But how could those in government benefit most from bitcoin?
What would be the consequences if a country were to de-peg from the USD and peg their currency to say 1,000,000 BTC that they had secretly bought over the counter?
What if weaker countries decided to issue BTC notes that were partially backed by actual BTC?
Couldn't politicians benefit by promoting bitcoins virtues whilst winning voters?
Later couldn't politicians use the audit ability of bitcoin as a way to automatically tax people if they issue 'identity associated bitcoin addresses' to individuals and thus make it illegal to hold private unidentified wallets?
What I'm getting at here is how can bitcoin be best 'sold-in' to politicians as a mechanism for themselves that will effectively further the end game vision of bitcoin...