BrokenPipe

Mark my words: The US regulators will do to Bitcoin what they have done to the Internet ecommerce, i.e. providing strong incentives like reduced taxes and simplified rules.

There are plenty of new bitcoin merchant and users every day and the USA won't stand while the rest of the world adopts THE next store of value/currency/commodity/new category.

I really dislike DigitalOcean. Terrible customer services. And do not give them a way to bill you automatically, use something like paypal when YOU are in control and can just not buy the credit and run out.

And if they had already built the largest cluster of asics in the btc network we wouldn't even know as long as they distribute it enough and even join most pools for good measure.

S curve. I think this is just the starters.

I'm spoiled but I went with a das keyboard. And or cherry is also good. Model M is a good alternative, a bit heavy and I miss having the windows button which I use as function key.

Why would I spend bitcoin when the value is soaring? Because I have no alternatives eventually.

See, let's say i start out with 5k worth of bitcoin and 5k worth of USD. The bitcoin go up in value while the USD go down via QE.

As you suggested I avoid spending the 5k in BTC but thing is eventually I will run out of USD and even if I don't because say I got a day job source of USD income eventually I will want to buy something which is above my pay rate and I will have to use my btc.

The same thing happens with gold or with an estate property, only thing, bitcoin is more liquid than that and unlike gold or a house I can decide to use a tiny part at anytime without selling or exchanging the whole cake.

And with BTC merchant can offer discounts which may encourage the use of btc.

Time will tell.

They can invalidate as much as get invalidated, this gets balanced out, so how is it an advantage ?

It could easily be detected by nodes by checking the age of the transactions inside the block.

An honest node block would contain more recent transactions than a bad node block

It all hurts now!

Do you have to wait 20 years for that? Isn't rt and presstv reporting exactly this today ?

Very sad.

no but i guess it takes time to find out, and the studies are often financed by the companies like monsanto them selves.

Which is not to say that they publish ALL these studies, they are not legally bound to.

Shame.

More likely manipulated.

This is not HN material

again, that's not true. Only addresses from which transfer have been made from have their public key revealed in the blockchain, until then, there is no need for it.

It is, look at the implementation.

https://bitcointalk.org/index.php?topic=101954.0

Yeah ok but this is not regional, this is global. It has done quite well so far and I can't think of a better global currency with no one controlling it and with the same utility as today.

Maybe gold a long time ago but still doesn't fully compare

and obviously eff and alike are not enough.

What we need is full decentralization in govs too

Could you explain why would I ever want to use a centralized currency like that ? It can't be trusted.

Yeah I'm sure some people do exaggerate. However mtgox is a toy system and it has been attacked for a while on the recent days, it creates lag and panics.

Anyhow, there's a correction every once in a while. It then goes higher than before, I'm still not convinced it is a bubble afterall.

There was a DDoS, as there has been an on going one for quite a while now and you can find so on the mtgox website news section.

However it was not a DDoS in the classical sense that brought mtgox down to its knees but nonetheless a DDoS has occured.

mtgox supports a weird feature whereby you're allowed to enter any buy or sell order even if you don't have funds. This means that whenever the prices matches your order the system needs to check whether you actually can with your balance fill that position.

Via the api, it is possible to put tiny transaction even smaller amounts than what you're allowed via the webgui.

It doesn't take much review of the ask and bid to find out that there were a huge a mount of micro tiny transactions all over the place. Those are in an ever higher volume when system begins lagging furiously and people panic.

These are perhaps HFT, or maybe not, but those are the source of the lag and therefore the source of the panic.

This is DDoSing and it's also mtgox fault for having a a toy exchange and us bitcoiners for using it.

I long ago moved to bitstamp. You can find your local exchange i'm sure.

you did very well. mtgox doesn't deserve to the first and probably not even the second largest exchange.

usually you can pick but most people pin their btc prices to their own local currency for convenience.

In UK it is even worst, the equivalent of US $177, check on bitbargain.co.uk/buy or localbitcoins.com.

public keys are only available after you make a transaction and usually the bitcoin clients create a new address for each new transaction such that the public key for the account which actually holds the coins is never revealed.

Thank you! I checked out https://wikipedia.org/wiki/Friedrich_von_Hayek and it is very interesting!

I don't this his language was emotional at all. I don't want my money to be spent in certain ways. I like voluntarism and of course I would try to improve the situation around my area instead of financing war, prisons and luxury for the corrupted.

Things are not going ok.

there is demand, international ecommerce with anonyimity

so you're saying that gold is a ponzi scheme ?

Intangible ? Bitcoins ? I would say the dollar is pretty much intangible. Only 7% of it is printed, all the rest is on computers. And my $10 in 2005 had more purchasing power than my $10 do now.

Effectively having bitcoin means each time you buy something over a period of time they cost you less.

You have the incentive to spend. You need to live so you will use your fiat and bitcoin to buy for food, gas, electricity and things that you want.

I know the bitcoin is going to be worth more, but I still spend it today just like

I know that if I wait just a little bit the laptop will be cheaper and faster but I still buy it today when I need it.