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command error
Trad climber
Colorado
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Feb 26, 2014 - 06:24pm PT
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Did they mention the sky high electric bill to run the miners?
Although this winter the things have a dual purpose of heating the house.
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blahblah
Gym climber
Boulder
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Feb 26, 2014 - 07:17pm PT
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Just get yourself a Google Wallet if you want to transfer money to people--no reason to fool around with bitcoin foolishness.
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High Fructose Corn Spirit
Gym climber
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Feb 26, 2014 - 08:17pm PT
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So dmt and nature, what are the amounts in your wallets? You know, our little game of fun here doesn't count for full value till you spend it, lol!
You each should have two receives, the first to simply test your addresses, the second enough for your cuppas. :)
Next step: Check this out...
http://play.google.com/store/apps/details?id=com.mycelium.wallet&hl=en
I use this Mycelium app (wallet) on my mobile device (the other, Blockchain, off my laptop). Mycelium: Cool design. It's never failed me. Transactions are quick. Take it in to a participating bitcoin merchant (after transferring your funds from your blockchain wallet to your mycelium wallet) and spend your balance!!
.....
Nature, you pay a premium for those bitcoin for cash local sites. I wouldn't use one, they're a rip off unless, I guess, one is hard up for bitcoin for some reason or other. I've used Coinbase for a couple of months now, very happy with it. But remember, it's not a good idea to leave a lot of btc in any online account.
http://coinbase.com/
Hope this helped.
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High Fructose Corn Spirit
Gym climber
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Feb 26, 2014 - 08:32pm PT
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blahblah,
so let's pretend I just posted something you really really liked - you thought it was great info, great beta, or whatever - and you wanted to show your gratitude to me, you wanted to reward me (tip me) let's say 50 cents right away. Could you do it right now with your Google Wallet? Could I get your tip in less than a minute in my wallet? If so, prove it.
My bitcoin address:
1K9o6Kz4QxS62TC1pzVi25n7XcP7D6Bizv
Is the Google Wallet this simple? Don't think so.
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blahblah
Gym climber
Boulder
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Feb 26, 2014 - 08:50pm PT
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You just need to post an email address (doesn't need to be Gmail)--not sure how that's any more difficult than posting your bitcoin address.
Seems like:
1. You're conflating easy money transfer (a good thing certainly) with an odd made-up currency (maybe a good thing, I don't know, but seems like Bitcoin itself as currently implemented sucks balls) and
2. You've got a bit of an attitude problem for some reason!
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High Fructose Corn Spirit
Gym climber
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Feb 26, 2014 - 09:53pm PT
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blahblah,
oops, my bad. In the rush I simply forgot a couple smiley faces. Here, take two:
If so, prove it. :)
My bitcoin address:
1K9o6Kz4QxS62TC1pzVi25n7XcP7D6Bizv
Is the Google Wallet this simple? Don't think so. :)
Better (conveyance of attitude), I hope. :)
.....
You can now send btc over email with "Tip Bot" -
http://www.coindesk.com/can-now-send-bitcoins-email-tip-bot/
New services emerging in the bitcoin ecosystem pretty much everyday now, it's hard to keep up. Exciting times!
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graniteclimber
Trad climber
The Illuminati -- S.P.E.C.T.R.E. Division
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Feb 26, 2014 - 10:03pm PT
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Bitcoin is for suckers and there's one born every minute.
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blahblah
Gym climber
Boulder
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Feb 26, 2014 - 10:23pm PT
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h f c s -- the smileys make a difference!
I still think there is a significant difference between easy and inexpensive financial services like transferring money between people, which is undoubtedly a good thing, and the Bitcoin currency in general. But time will tell.
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happiegrrrl
Trad climber
www.climbaddictdesigns.com
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Feb 26, 2014 - 10:59pm PT
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Okay -I am going on a Total Whacked Out Conspiracy Theory here....
DO NOT READ UNLESS YOU AGREE NOT TO ASK FOR THE TIME YOU TOOK TO READ BACK AFTER FINISHED READING(This really makes no sense at all, but I want to have it as point of note)
HFCS's posts to DMT made me think maybe I should actually try to understand bitcoin a little before making my proclamations as if I actually had a clue(because of course, I don't).
But I got sidetracked pretty quickly and back onto my "what dos it mean?" rail. So. I spent the last 5 minutes as such. After reading "why to use BC" on the Coindesk site, I lost interest in the currency itself and became interested in knowing more about it's...well, emotional basis, for lack of a better word.
Looked up a bit about the name used for concept developers, Satoshi Nakamoto and what that name might signify. The pages gave some ideas that parts of thename might mean: “Satoshi” means “clear thinking, quick witted; wise”. “Naka” can mean “medium, inside, or relationship”. “Moto” can mean “origin”, or “foundation”. Those things would all apply to the person who founded a movement by designing a clever algorithm.
blah,blah, blah. I forget where I went after that. But then I thought, because it seems all these internet heros and villains like naming things with words which have inobvious cryptic connections. and I thought... "I thought the Mt Gox was "Mount Gox" like some sort authorative name, but on the YouTube stream yesterday, they pronounced it "Em Tee." At the time, I thought "Yeah, empty all right, that's ironic.")
But anyway.... I thought "I wonder what the word"Gox means" and there are two origins to the word which were interesting1, the technical use, means "gaseous oxygen" ...flatulence, perhaps? Urban Dictionary, says "To delay at the last minute"
Hmm...my mind is thinking. A thought, from the air occurs: "What about all those recently dead bankers?" "Well, I don't know!" my other part of mind replies.
Then the first part of mind says "Well, think about it." "Okay" part two says, and sort of blow part one off.
Then I see an updated statement form MT Gox owner
Dear MtGox Customers,
As there is a lot of speculation regarding Mt. Gox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan, and working very hard with the support of different parties to find a solution to our recent issues.
Furthermore I would like to kindly ask that people refrain from asking questions to our staff: they have been instructed not to give any response or information. Please visit this page for further announcements and updates.
Says about nothing, really...
Oh yeah - also somewhere back in the earlier thinking about Satoshi Nakamoto was somewhere mentioned it was believed "he" was the original owner of Mt Gox. That is important to my whako theory.
Then Part One of my mind says "Well, actually what is going on is that the Gox funds have been hidden because something is about to go down. The "insider" who created the foundation (and Mt Gox) is "delaying at the last minute."
And THERE IT IS!!!! It's just as clear as the day is bright!
Remember -I warned you. No, I cannot return your time. But I bet those Gox BitCoin aren't lost.
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happiegrrrl
Trad climber
www.climbaddictdesigns.com
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Feb 27, 2014 - 12:59pm PT
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I did warn you Dingus... Have you lost faith in me now too? I don't have Bitcoin(no need, at this point, since I buy mostly food, car insurance and gas). But I can Tweet you a Starbucks coffee if you're on Twitter! I, too, enjoy your posts.
I like the tipping idea too, and think it would be a very interesting concept fora forum to experiment with.
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julton
climber
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Feb 27, 2014 - 01:16pm PT
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Aside from tipping on internet forums what are other examples of the advantages of Bitcoin?
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happiegrrrl
Trad climber
www.climbaddictdesigns.com
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Feb 27, 2014 - 01:50pm PT
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People like the freedom they believe is possible with the currency, and the FU to authorities.(That's turning out to be a big joke. US has issued supoenas surrounding the Gox epic-http://america.aljazeera.com/articles/2014/2/27/prosecutors-subpoenahighprofilebitcoinstartup.html0.
Also, the handling fees on transactions are very small in comparison to other services(PayPal,Amazon, Credit Card, Debit Card).
It's been said that a Bitcoin account cannot be frozen, which some people have had issue with PayPal doing when PP thinks you may be dancing on the fringe of ethical/legal business, or moshing it altogether.T(Another joke- since Gox obviously halted payouts and..well now look!)he Feds can,and have, confiscated funds from Bitcoin services when they have deemed them to be guilty of something illegal(after all, Dept. of Defense needs to get money for black ops SOMEWHERE, and can only pad the expenses on the books just so much...).
People thought it was more secure that other online payments, but it turns out there has been a coding flow that would allow hackers to get at transactions, known since 2011.
Bitcoin is attractive to people who fear governmental or other organizational intrusion. But it seems tome this has just been a hopeful illusion maintained.
Interestingly,what I have seen in today's posts is that the original owner of MTGox, Jed McCaleb still owns 12% of the company(though not found any verifiable source for that information) and also that he launched a new venture,and is seeking beta testers on a website called secretbitcoinproject.com. Though the site looks like something an 8-year oldput up, apparently it is genuine, and was originally reported by TechCrunch on 2/13(Keep in mind that Jed McCaleb has been the "best guess" at the identity of Bitcoin's inventor).
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Reilly
Mountain climber
The Other Monrovia- CA
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Feb 27, 2014 - 01:58pm PT
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Bitchcoins - the sound of one hand clapping.
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happiegrrrl
Trad climber
www.climbaddictdesigns.com
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Feb 27, 2014 - 02:26pm PT
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^ What If
The whole debacle surrounding Gox is simply a misinformation campaign intended to staunch the flow of people moving into cryptocurrency?
What WOULD happen, if cryptocurrencies overtook centralized currency exchange(Really-I don't have the kind of brain that has an interest in understanding of these things)?
That is the question.....
Can centralized governments afford for this to occur? Because I can tell you - when you've got discussion forums on Etsy on the subject and more than a token few sellers accept crypto-currency(which is the case), it tells me that the movement in on-well past what most people would currently believe possible.
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Reilly
Mountain climber
The Other Monrovia- CA
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Feb 27, 2014 - 02:45pm PT
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Happie, hula hoops were all the rage once too. Bitcoins pose no threat to
real currencies, they are the sound of one hand clapping, really. Now, IF
they were to stabilise in value and IF they were to prove cheaper to use
than Paypal then they would be a viable alternative. But that ain't gonna
happen because even IF they were to stabilise you can rest assured the
cost of using them will rise to equal the cost of Paypal - that's the way
markets work, well, free markets anyway and Bitcoins are obviously not a
free market.
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happiegrrrl
Trad climber
www.climbaddictdesigns.com
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Feb 27, 2014 - 03:11pm PT
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I think that there are a few things going on with these digital currencies, and speculation shouldn't be the focal point. That's the shell guy telling you to keep your eye on the ball.
What I think is going on right now is a tussle between the freedom fighter(crypto developers, Bitcoin in particular)and "someone else," (perhaps the International Monetary fund?). That someone wants their finger in the pie, it's as simple as that. and,they will likely get it, with Bitcoin.
What about the other digital currencies...Likely they,too,will have to pay to play.
But there will ALWAYS those who have a need to not play within the lines. Someone smart is probably working on morphing digital currency that isn't static - doesn't land in one spot long enough to be be logged. From what I have read today, it seems that the code weakness has been when a transaction occurs. So someone has got to find a way to turn that weakness into a strength.
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Reilly
Mountain climber
The Other Monrovia- CA
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Feb 27, 2014 - 03:21pm PT
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Happie, do some research. I won't insult you but the IMF could care less.
The value of bitcoins that WERE in circulation was about equal to the
total currency valuation of Malawi. I could be off by an African country
or two so don't quote me.
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happiegrrrl
Trad climber
www.climbaddictdesigns.com
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Feb 27, 2014 - 09:13pm PT
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DMT- Possibly, yes.
Reilly - I admit that I am very much a n00b in this arena. But the little bit of looking around I have been doing (just since reading your post 10 minutes ago) suggests that Bitcoin actually ought be of very much concern to the IMF. Among some of the documents I viewed, was the following, which I think bears merit.
In a paper written by one Nicholas A. Plassaras(linked In: http://www.linkedin.com/pub/nicholas-plassaras/21/b92/82a ) titled "Regulating Digital Currencies: Bringing Bitcoin Within the Reach of the IMF" which can be read at:
http://pix.cs.olemiss.edu/csci103/bitcoinMarketplace.pdf
One finds, on page 20/26, the following:
V. HOW TO COUNTER THE BITCOIN THREAT VIA THE IMF
Finding a way to regulate Bitcoin is critical in light of its potential destabilizing effects on the foreign currency exchange. Although there
might be a number of ways to mitigate Bitcoin’s impact via domestic legislation, those solutions are beyond the scope of this Comment.
Instead, I discuss ways in which the IMF can be used to counter the threat posed by Bitcoin.
The paper goes on to suggest some options and issues which would arise, and later includes:
VI. CONCLUSION
This Comment introduced Bitcoin in conjunction with the history of the International Monetary Fund in order to demonstrate the possibility of future conflict between the two. The peer-to-peer, decentralized, and largely unregulated system that is Bitcoin contains the potential to threaten the global economic stability that the IMF was created to protect. The threat posed by Bitcoin is, for the moment, only theoretical. But as more and more people come to understand the advantages of digital money over paper money, the threat it poses becomes increasingly real. If thefuture of e-commerce entails a transition to digital currencies, it is critical that our economic,political, and legal institutions are prepared. Recognizing the importance of Bitcoin in the context of digital currencies is the first step in understanding how to best plan for the future.
The paper was published April 7, 2013
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High Fructose Corn Spirit
Gym climber
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Feb 28, 2014 - 11:06am PT
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So did you guys find an outlet for your bitcoin yet?
Nature, haven't heard back from you. You should have two receipts at your address, the first just a test and the second for your whale activism.
julton, I was going to post a response to your post w another example aspect of bitcoin's usefulness (ala what's going on in Ukraine right now, re inflation, etc.) but you could probably gather as much (and more) from here...
http://www.moneyandtech.com/feb27-news-update/
(oops, apparently video is down right now)
Regarding Ukraine's inflation and shortage problems happening there now, those local Ukrainians in the know in the bitcoin ecosystem could readily exchange bitcoin (and probably have already) for euros or bitcoin for dollars or vice versa and circumvent Ukraine's currency altogether. Knowing better is doing better. But unless one's already skilled in bitcoin, of course this would be difficult.
dmt, I'm not familiar with the apple platform at all, so I can only tell you of my success and satisfaction with the Mycelium app for the android platform. Which is simple and easy. If the issue is apple apps in general, I imagine you have climbing apps or other apps on your mobile? so I'm not sure how downloading the Mycelium app would be any different re risk?
Regarding risk, if you're using bitcoin for purchases or transfers in city travel or whatever, you can of course minimize risk by carrying only small amts in your mobile device. So if by some malware it's ripped off, no big deal; or if your mobile is lost or stolen, once again no big deal at least re its bitcoin. Again, I only keep $20 or so in my mobile wallet knowing I can increase it in seconds if an increase is ever needed.
Gox declared bankruptcy today, remarkable is bitcoin's resiliency in the face of it. (Though many knew it was coming and already made allowances for it.)
dmt and nature, if perchance you're not going to consume your "cuppas," please play em forward somehow. Forever dormant bitcoin is wasted bitcoin.
Happie, it seems to me you're spending a lot of your time in bitcoin "study" in the soap opera drama of it all, the blogs, conspiracy theories, etc.. Research the actual technology itself, for starters at the Bitcoin 101 level (there is a lot of easy to understand material out there for this) and a lot of things will be easier to understand, there won't be so much confusing gray area.
hfcs
1K9o6Kz4QxS62TC1pzVi25n7XcP7D6Bizv
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