wat44 0 Posted April 15, 2011 I think it could be VERY useful especially between members - eg buying selling watches, modding, straps, parts, ... maybe we could even think of a way to get dealers to accept no central authorities to deal with bitcoin website Share this post Link to post Share on other sites
trailboss99 997 Posted April 15, 2011 Looks interesting mate. I'll look at the vids as soon as windoze completes it's weekly 150meg of updates to fix security holes that shouldn't have been there in the first place. Anyone got second hand G5 they wanna sell? Share this post Link to post Share on other sites
wat44 0 Posted April 15, 2011 I havent the faintest idea wat this guy is doing - anyone?.... anyone? Share this post Link to post Share on other sites
wat44 0 Posted April 15, 2011 sites that accept bitcoin Share this post Link to post Share on other sites
turnipz 0 Posted April 15, 2011 I think you get an encrypted value that you decrypt and it equals money, not sure why someone would trade in a currency that allows this, maybe someone can spread some light. Share this post Link to post Share on other sites
Cynikal.Mindset 1 Posted April 15, 2011 looks like a lot of goddamn work for what its worth Share this post Link to post Share on other sites
wat44 0 Posted April 15, 2011 I think the idea is that if you think about the journey from Barter to currency we have gone through... then, how the central authorities have debased fiat money especially after the end of bretton woods so, if you can have a trusted "currency" that is not able to be printed endlessly, people can swap goods and services using this currency how these guys do it, Im not sure of Share this post Link to post Share on other sites
wat44 0 Posted April 15, 2011 Gavin Andresen, Principal of the BitCoin Virtual Currency Project, talks with EconTalk host Russ Roberts about BitCoin, an innovative attempt to create a decentralized electronic currency. Andresen explains the origins of BitCoin, how new currency gets created, how you can acquire BitCoins and the prospects for BitCoin's future. Can it compete with government-sanctioned money? How can users trust it? What threatens BitCoin and how might it thrive? interview link Share this post Link to post Share on other sites
Baldrick 1 Posted April 15, 2011 Gavin Andresen, Principal of the BitCoin Virtual Currency Project, talks with EconTalk host Russ Roberts about BitCoin, an innovative attempt to create..........a complex technology based cash cow that will make Gavin Andresen and the other principals of Bitcoin massively wealthy billionaires, whilst the rest of us lemons struggle to embrace, keep pace with and interpret the complexities contained therein B) It'll never take off, it might be understood by Second Life techno-geeks, financial whizz-kids smelling another scamming opportunity, ( remember the old adage, 'what one man invents, another man can turn to his robbery based mentality advantage ), so, the guy that fixes my plumbing or tends my garden will duck for cover as soon as the first shot is fired his way JMO, BIKIR. Share this post Link to post Share on other sites
Drhulee 0 Posted April 15, 2011 Hmmm, just think of all the money laundering opportunities that will introduce if it catches on. Share this post Link to post Share on other sites
wat44 0 Posted April 15, 2011 Well I haven't got a clue how it works, but I opened an acc anyway Share this post Link to post Share on other sites
Baldrick 1 Posted April 15, 2011 I havent the faintest idea wat this guy is doing - anyone?.... anyone? Looks very simple and straightforward, I'm in Share this post Link to post Share on other sites
trailboss99 997 Posted April 15, 2011 Hmmm, just think of all the money laundering opportunities that will introduce if it catches on. B) I'm listening . . . . . . . . Share this post Link to post Share on other sites
trailboss99 997 Posted April 15, 2011 WTF? On that list of sites that take BC is a heroin wholesaler! Mr Brownstone Worldwide opiate supply, heroin, china white etc, ships internationally and discreetly Share this post Link to post Share on other sites
KeNnY 29 Posted April 15, 2011 You are making money from thin air ???? What are you hashing ? SKYNET ? Share this post Link to post Share on other sites
Baldrick 1 Posted April 15, 2011 A lot of very well known names on that list...... Share this post Link to post Share on other sites
jdoe 0 Posted April 15, 2011 For stupid, I don't think you can beat this: Share this post Link to post Share on other sites
wat44 0 Posted April 15, 2011 libertarians (like me) like the idea that no authorities can interfere with the new "money"! good for criminals too! Share this post Link to post Share on other sites
jdoe 0 Posted April 15, 2011 and for money there's no way you'll beat this However, if anyone want to send me a bitcoin or two> 1DBKnAMWEuNqcXVtCrphJDcScfXYieScwG Share this post Link to post Share on other sites
trailboss99 997 Posted April 15, 2011 and for money there's no way you'll beat this However, if anyone want to send me a bitcoin or two> 1DBKnAMWEuNqcXVtCrphJDcScfXYieScwG Yup, in gold we trust. Share this post Link to post Share on other sites
wat44 0 Posted April 18, 2011 hmmm - ive been "generating coins" since I posted, and I have "118957 blocks" wat ever the hell that means - 0.00 bitcoins is my balance am I actually generating I wonder? Share this post Link to post Share on other sites
greg_r 84 Posted April 18, 2011 For stupid, I don't think you can beat this: Maybe not, but at least you can buy groceries or pay the gas bill with it, which is more than you can do with 'bitcoin', which appears to be an overly complex version of monopoly money... Share this post Link to post Share on other sites
wat44 0 Posted April 18, 2011 Im not dismissing it until I understand it Share this post Link to post Share on other sites
Dendo 93 Posted April 18, 2011 SEIGNIORAGE Most of the Mint's revenue comes from seigniorage, which is the difference between the face value of its coins and the cost of making them. Whoever makes a new currency will gain seigniorage. Wonderful way of literally making money. Problem is acceptance of this virtual currency. As I understand it, the 'gold' that backs up a coin is a software solution to a problem. Now this is crazy. These 'geeks' are taking themselves too seriously and totally losing the plot. Share this post Link to post Share on other sites
