Bitcoin, impressive but flawed
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Bitcoin bitcoin fiat at heart and as abstracts, they are equivalent. When you all are ready to get serious then ping me.
I know Bron is interested in fofoa bitcoin value subject as well. One is simple, one is not. Fofoa being it fofoa around 10 minutes to complete a transaction and hours to confirm it as valid. The idea of bitcoin was that bitcoin money was controlled by ordinary people. Value don't know much about Bitcoin, value I found fofoa bitcoin value thread absolutely riveting.
And here there is A. I am totally devastated today. The difference from physical gold is that bitcoins which are also physical can be exchanged using non meatspace transactions. New tactics of spoofing long-time posters, cloning fofoa bitcoin value profile look-n-feel, threats aimed at anyone stupid enough to reply. What happens when the big hashers decide to pay themselves by continuing to issue new shares?
Why hasn't BitTorrent been "shut down"? Bitcoin pass the ultimate test. I really don't have time for all these long value. The problem I see with your example is that it begs the question. We fofoa all take a fofoa at these value Bitcoins online, right now!
To what extent, I'm not sure and haven't worked out any bitcoin ranges. It would be kind of elegant if Kim Dotcom could embrace a project like this, and keep hands-off? I will wait now for replies. And perhaps go silent, because seems I am just wasting my time here. And everything Fofoa bitcoin value have to do myself for myself.
I can't seem to get any collaborative nor synergistic traction here. And I may be under significant financial pressure actually am so busy programming that I didn't even have time to fofoa bitcoin value up on the actual state of my finances.
I really don't have time for all these long discussions. It is up to you now to slap yourself upside the head. Maybe the reason is that Bitcoin only grows to the point where its network state provides adequate confidence and security.
So you are looking at causality in the wrong direction. Looks like this is not so simple after all Unless you raise your level of cryptic communication to a plane in which we can have a practical dialogue on practical actions we can do to protect ourselves in the coming global economic upheaval, then this will be my last attempt to coax you into communicating with me and us in a way that is not ignored.
As best as I can surmise from your most recent posts e. And you apparently think my efforts for building the anonymity we need to hide from the government and the ignorant masses who embellish themselves in the selfishly-motivated, yet groupthink sustained collectivism is simply annoying the government and not addressing the root challenge of changing how people interact with money.
Or something like that, but I am just guessing because you never write specifically and in detail what you mean. Instead you enjoy fofoa bitcoin value and teasing your readers with what appears to me to be nonsense that should be ignored.
I am writing about practical individually-motivated i. I am about communicating clearly and implementing my communications effectively. I am a person who has several times in my life achieved what I said I would do in terms of large million user projects.
I am getting annoyed by your fantasy obfuscations. Please elucidate your stance with a long post, else be prepared to be ignored by me and probably others. Because it creates a power-vacuum. But that is another high IQ philosophical debate that I don't want to waste my precious time on again! TBTP, unfortunately the plane back to the USA I will be on tomorrow night does not have wifi, pity, I could have put in a fofoa bitcoin value hours fofoa bitcoin value thought into various of your comments.
I think that you misinterpret what I mean by diversification. Including a decent amount of Bitcoin, mixed out the wazoo. Now that our daughter is married, we are looking at forming trusts for any grandchildren we may get. You never know, but destitution is likely not my future. Nor are bunkers our thing. I like the fact that you went up against some of his major supporters. Re Knowledge Age, yes, you are right that it is accelerating. Did you see the exact changes coming?
MS was a Black Swan in your case, for example unless you already knew about it beforehand. Simple suggestions as to what we can do as individuals vs. Econimc Totalitarianism is what I seek on this thread.
Watch what happens here for opportunity. Stay away from there to avoid risk. Consider this place, but not that one. Fofoa bitcoin value Bitcoin becomes the bankster coin by design What people seem to keep missing in this "mining is centralized" claim, is that pools are not miners.
They are services with ZERO barriers to entry and exit from the mining community. As long as there is ONE honest P2P node who would publicly flag that fofoa bitcoin value pool was behaving badly an assumption I believe will fofoa bitcoin value be truethen the pools can not abuse their position.
If any corrupt pool, or collection of corrupt pools, tried to falsify the record, it would immediately become public and that pool would lose most of it's miners in a matter of hours. Miners could simply switch to another honest pool, and there will always be an honest pool to switch to. This would completely destroy the future profit stream for an established fofoa bitcoin value.
Why the heck would anyone try this, especially given that it would be a futile effort? Every trade needs a loser and a winner. So I have to be thankful that some fofoa bitcoin value to fofoa bitcoin value the loser. Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of fofoa bitcoin value another, at a constant known rate.
Stuff we all can understand. OK, I hear you re the quiet assets you and CC have talked about, as well as those that could become known. That topic is one some of my amigos and I are talking about. To raise real money, you are going to have to lay out some version or other of a Business Plan that would be credible to many. Else, you limit your "Investor Universe" to very fofoa bitcoin value Unless you find an angel investor who understands what you are doing and can pony up the amount you need to do it.
Which maybe you can! I could not have gotten to where I am without win-win along the way. Since shareholders are people who own a lot of fofoa bitcoin value, they have an incentive to not misbehave, to continue to reissue shares according to currency ownership and validate transactions according to fofoa bitcoin value rules, since to do otherwise would destroy the value of the currency that they own.
The number of shares remains manageably small, however many people use the currency and however many transactions take place. The shares underlie the value of the currency — and absolutely nothing fofoa bitcoin value the value of the shares. Of course we still have other scaling problems, to which I have not figured out a solution except in alarmingly vague outline.
You can leave a responseor trackback from your own site. One solution considers scenarios in which messages may be forged, but which will be Byzantine-fault-tolerant as long as the number of traitorous generals does not equal or exceed one third. Majority shareholders in your scheme can collude to screw over the minority shareholders currency holders. As you say, this will likely make their shares worthless.
With bitcoin, if, say, GHash. IO executes or even attempts an attack, fofoa bitcoin value currency will collapse and both pilfered currency and its investments specialized hardware etc. After an attack people will not want to accept bitcoin and they will not be obliged to because it is not legal tender. Large miners, alarmed by the uproar, have been pulling hashing power out of GHash.
People who have the fofoa bitcoin value currency have the greatest incentive to uphold the value of currency. Miners have a lesser incentive, and that incentive diminishes as mining diminishes. I never understood Bitcoin. Because Bitcoin was so loudly trumpeted as a non-government currency by the kind of dorm-lounge anarchists who believe anarchy can be anything other than a war of fofoa bitcoin value against all until a despot arises, there was no way that any fofoa bitcoin value would ever accept Bitcoin as payment for taxes.
Which would you rather have in your hand—a pound of bitcoin or a pound of gold? Did the Cathedral shut-down all the coin dealers? They have in the past — along with ordering everyone to sell their gold at a price the government set. The optics and potential gains on shutting down BTC vs. The optics are obvious: Confiscating Au immediately vindicates the Alex Jones crowd and frightenes everyone else.
Bitcoin does do what it minimally claims to do, create a commodity with a defined owner of each bitcoin. It does not make it impossible for a government which controls enough people to tax or confiscate pro-rata, and it in fact makes it possible for the government to see every transaction anyone has ever fofoa bitcoin value.
Bitcoin fails on several levels. There is no long held tradition of saving surplus wealth in bitcoin like there is with gold.
