111–120 of 179 posts
Earlier quoted context omitted.
I too don't know of any such country, but he might be living in a country that bans all foreign currency. (That's how it was in communist Romania.)
You can make an argument that Bitcoins is not a foreign currency as it can be mined domestically in your own country.
I don't understand the currency so maybe I'm overpricing.
This is beautiful to watch unfold: The universe is taking flight! Do help it, not for the sake of a cryptocurrency, but for the ethical implications. For you and for me.
Why ask useless questions? How deep is the ocean? How high is the sky? Who is Satoshi Nakamoto?
Radius from earth to the edge of the visible universe: 46.5 billion light years, http://geology.com/records/deepest-part-of-the-ocean.shtml
Satoshi Nakamoto: a human being or beings
I know what you are trying to say, "why ask unanswerable questions", but all questions have answers.
To be fair, registering a .com domain is a bad idea if you want to stay anonymous. Go for a .is, a .ch or even a .eu.
I think in five years, the idea of using credit or debit cards for electronic transactions will seem slightly ridiculous, sort of the way using snail mail to pay bills by check seems now.
No chargeback possibility? No sale from me.
This is beautiful to watch unfold: The universe is taking flight! Do help it, not for the sake of a cryptocurrency, but for the ethical implications. For you and for me.
Why ask useless questions? How deep is the ocean? How high is the sky? Who is Satoshi Nakamoto?
Amir Taaki
This is crazy: MtGox is 37 USD/BTC today, up from 20 USD/BTC a month ago.
Now Amazon needs to start accepting Bitcoins for EC2 instances and the world will be on its way past the Visa/Mastercard duopoly.
Well since we are living in a fantasy land why not McDondalds, Ferrari, Apple and Starbucks as well.
Earlier quoted context omitted.
To confirm the Bitcoin transaction at all. That's just how Bitcoin works - you have to wait for X new blocks to get confirmations from other peers. How long you wait determines your risk level.
Also, as Bitcoin matures, you'll see businesses pop up that will insure against the risk for a small portion of the transaction allowing near instant confirmation for merchants.
I love that over time people start coming up with solutions to the same damn problems that other payment schemes have already come up with, and that last week they were saying were evil because someone else was doing it.
It's not unique to bitcoin, you see it in all sorts of places, it is funny though.
Earlier quoted context omitted.
If I were to give someone a Bitcoin loan, what interest rate should I charge? The massive uncertainty of that question is enough to discourage any such activity. I wouldn't make a Bitcoin loan with a one-week period.
That's exactly what I'm saying. If it's deflationary then it should be worth your while to give me a loan at 0% (assuming I am low default risk). The fact that we don't know where Bitcoin is going to be in one week means that we don't really believe it's deflationary.
Why? I can just hang on to it for the same return and no risk at all.
This is why BTC loans really don't make sense, to me. Positive interest rates are punitive if the value keeps rising, negative ones pointless.