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[quote user="Smiling Dave"] Moon, We do try to keep the level of conversation here above that of an infomercial. You know, stuff like giving evidence for otherwise empty assertions. So how do you know the future? Are you Dr Who? [/quote] My assertions are not empty, I'm jsut not interested in repeating myself. Particularly in a fruitless
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[quote user="HabbaBabba"] Sorry, fellas. The bitcoin creators admit it's a fad. They compared it to myspace openly in their faq. Even if it turns out not to be, you have to start with their own admission that it is. [/quote] Sorry, but you're misinformed. No such offical FAQ exists, and it never can. The only official document is the
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[quote user="Malachi"] [quote]Bitcoin hasn't. Right?[/quote] wrong. Bitcoin can be used to communicate. [/quote] While true, such a practice is considered bad form, and would be very expensive on network resources. Not that it hasn't happened anyway.... I've been following this thread for some time, and I think that you guys are
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[quote user="Blargg"] [quote]There are millions of dollars worth of bitcoins transactions every day. Just exchange transactions between dollar and bitcoins by a large broker in the last month amounted to more than 100 million dollars in volume.[/quote] If most of these are exchanges for bitcoin, which are then immediately exchanged for some
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[quote user="Christian Sherriff"] Would you invest in a money with a chart like this? :) I pretty sure most of you did.. [/quote] I thought that you were talking about Bitcoin, and was about to respond with "I did!", but I'm certain that Bitcoin didn't exist before 2009, so I have difficulty understanding how it had a value
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I find these ongoing debates amusing. For not other reason than the silly idea that people continue to argue whether or not bitcoin is a medium of exchange or not. I've used it for so many transactions, and bought so many things (both real and virtual) that I consider the ongoing debate rediculous. Even I, once upon a time, considered Bitcoin to
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[quote user="Malachi"]All it needs is a secure front end and a few years of devo then. Somebody start writing code [/quote] Somebody already is writing code, and the front-end is the easy part.
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[quote user="Malachi"]I'm glad we are on the same page. And to address an earlier concern, a cryptographic network that enabled sending large encrypted messages without transferring equally large balances would be industrially useful, especially if you could do it from mobile phones. These crypotgraphic problems would be additional work
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[quote user="Malachi"]When you hold bitcoins, you become party to the bitcoin network. Transacting in bitcoins involves multiple parties. The risk that those parties will fail to carry out the tasks that bitcoin members reasonably expect from them is hereby declared "counterparty risk." semantic dictators may now take their signs
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[quote user="Malach"] iyou know, there is something of a meritocracy here, in that to deny someone the use of a term you have to make a case. [/quote] Fair enough, let me give you a common example of 'counterparty risk', that is specifically not involved in a particular transaction. Say a major corporation decides to borrow cash, and