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Last edited by anaconda; 03-31-2013 at 06:57 PM.
I'm still kind of kicking myself for not figuring all this out when I first looked into the whole wallet thing when BTCs were around $12.
Is there the possibility to by fractions of a BTC yet? Say I had a finite amount of fed notes that did not equal whole numbers of BTC's.. can one buy say 4.25 bitcoins?
Disclaimer: any post made after midnight and before 8AM is made before the coffee dip stick has come up to optomim level - expect some level of silliness,
The problems we face today exist because the people who work for a living are out numbered by those who vote for a living !!!!!!!
I'm an adventurer, writer and bitcoin market analyst.
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BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG
I'm an adventurer, writer and bitcoin market analyst.
Buy my book for $11.49 (reduced):
Website: http://www.grandtstories.com/
Twitter: https://twitter.com/LeviGrandt
Facebook page: https://www.facebook.com/grandtstori...homepage_panel
BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG
Last edited by evilfunnystuff; 03-31-2013 at 08:26 PM.
Originally Posted by acptulsaI heart BTC! - 1AesnP1c7wyjzJhaKZajkixo9tthZRQzjBOriginally Posted by Ron Paul
Caveat Emptor...
http://www.market-ticker.org/akcs-www?post=219284Bitcoin and other digital currencies are different -- they're just a string of bits. To validate a coin, therefore, I must know that the one you are presenting to me is unique, that it wasn't just made up by you at random but in fact is a valid coin (you were either transferred it and the chain is intact or you personally "mined" it, a computationally-expensive thing to do), and has not been spent by you somewhere else first.
In order to do this the system that implements the currency must maintain and expose a full and complete record of each and every transfer from the origin of that particular coin forward!
This is the only way I can know that nobody else was presented the same token before I was, and that the last transfer made of that token was to you. I must know with certainty that both of these conditions are true, and then to be able to spend that coin I must make the fact that I hold it and you transferred it to me known to everyone as well.
Now consider the typical clandestine transaction -- Joe wishes to buy a bag of pot, which happens to be illegal to transact. He has Bitcoins to buy the pot with. He finds a dealer willing to sell the pot despite it being illegal to do so, and transfers the coins to the dealer. The dealer must verify the block chain of the coins to insure that he is not being given coins that were already spent on gasoline or that Joe didn't counterfeit them, and then he transfers the pot to Joe. There is now an indelible and permanent record of the transfer of funds and that record will never go away.
This creates several problems for both Joe and the dealer. The dealer can (and might) take steps such as using "throw-away" wallets to try to unlink the transfer from his person, but that's dangerous. In all jurisdictions "structuring" transactions to evade money laundering or reporting constraints is a separate and unique crime and usually is a felony. Therefore, the very act of trying to split up transactions or use of "throw-away" wallets in and of itself is likely to be ruled a crime, leaving any party doing that exposed to separate and distinct criminal charges (along with whatever else they can bust you for.)
What it needs is a small region like Somalia to move to bitcoin and have a company or two start paying employees in bitcoin with a cashless payment system.
Then anyone could trace any transaction made to anyone. Ever.
Bitcoin, the ultimate end of privacy in transactions.
Last edited by idiom; 03-31-2013 at 09:16 PM.
In New Zealand:
The Coastguard is a Charity
Air Traffic Control is a private company run on user fees
The DMV is a private non-profit
Rescue helicopters and ambulances are operated by charities and are plastered with corporate logos
The agriculture industry has zero subsidies
5% of the national vote, gets you 5 seats in Parliament
A tax return has 4 fields
Business licenses aren't a thing
Prostitution is legal
We have a constitutional right to refuse any type of medical care
So I have a question... I bought about 6.5 BTC yesterday, and blockchain.info said BTC was at about 93.5 USD/BTC. I get home from Walmart, and at the same approximate price, my BTC were only worth $601. Now, at almost $99/BTC, my stash is worth about what I bought it for, which is $650. Was there a spike in value that I didn't know about while I was at WalMart? I feel cheated out of the recent $8 rise. My BTC stash seems to have chopped $50 off the price I bought them for.
I'm an adventurer, writer and bitcoin market analyst.
Buy my book for $11.49 (reduced):
Website: http://www.grandtstories.com/
Twitter: https://twitter.com/LeviGrandt
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BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG
I'm an adventurer, writer and bitcoin market analyst.
Buy my book for $11.49 (reduced):
Website: http://www.grandtstories.com/
Twitter: https://twitter.com/LeviGrandt
Facebook page: https://www.facebook.com/grandtstori...homepage_panel
BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG
I'm an adventurer, writer and bitcoin market analyst.
Buy my book for $11.49 (reduced):
Website: http://www.grandtstories.com/
Twitter: https://twitter.com/LeviGrandt
Facebook page: https://www.facebook.com/grandtstori...homepage_panel
BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG
At this rate, $/bitcoin could hit 10000 by next year. $ 200, at a minimum seems like a done deal.
/endsarc
Never in the history of America have individuals come out to support a candidate like this. with so many of us willing to spend every dime to our name, donate every hour we can spare, and brave literally hell to vote for him. .
I'm an adventurer, writer and bitcoin market analyst.
Buy my book for $11.49 (reduced):
Website: http://www.grandtstories.com/
Twitter: https://twitter.com/LeviGrandt
Facebook page: https://www.facebook.com/grandtstori...homepage_panel
BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG
I'm an adventurer, writer and bitcoin market analyst.
Buy my book for $11.49 (reduced):
Website: http://www.grandtstories.com/
Twitter: https://twitter.com/LeviGrandt
Facebook page: https://www.facebook.com/grandtstori...homepage_panel
BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG
should i buy in guys? its at 102 right now
@ $103.31 now
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
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