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Topic: Bitcoin is a PoS (Read 10049 times)

legendary
Activity: 1358
Merit: 1003
Ron Gross
December 18, 2012, 09:22:15 AM
#85
Although, in all due fairness (I now see that this is a zombie thread), when it was started there was no Proof of Stake.
legendary
Activity: 1358
Merit: 1003
Ron Gross
December 18, 2012, 09:21:25 AM
#84
lol at title.

Here PoS usually means Proof of Stake.
And here I was expecting some clever analysis that explains why the Bitcoin Proof of Work system is somewhat equivalent to PoS Smiley
legendary
Activity: 1246
Merit: 1016
Strength in numbers
December 18, 2012, 01:09:01 AM
#83
Maybe he meant "positively overwhelming success".
sr. member
Activity: 285
Merit: 250
December 17, 2012, 12:48:48 PM
#82
Hey OP,
Point of Sale?
If you mean piece of sh&^.  Well, that is the same as saying YOU ARE TOO STUPID TO USE BTC.
I agree with that, your ARE stupid
legendary
Activity: 1246
Merit: 1016
Strength in numbers
December 17, 2012, 08:01:00 AM
#81
1% retail currency conversion is too high?
full member
Activity: 120
Merit: 144
December 17, 2012, 06:46:07 AM
#80
But coinbase pretty much sucks... I have only bad experience with them...
Strange. Everyone in the Free State Bitcoin Consortium seems to like Coinbase. I've never used it, as I think 1% is too steep a fee, but I haven't heard of anyone who has been stiffed by it, and the user interface seems pretty polished.
hero member
Activity: 756
Merit: 522
December 17, 2012, 04:09:16 AM
#79
Yes, it is currently pining for the fjords, as is my investment.

Aww, has it ceased to be?
legendary
Activity: 1500
Merit: 1022
I advocate the Zeitgeist Movement & Venus Project.
December 16, 2012, 05:52:13 PM
#78
www.ubitex.org is a startup service that seeks to match local buyers and sellers of bitcoin with eachother so that they can exchange in person. As a shareholder, I think it would be great if you used and advocated this service to others such as yourself in your area!

Ubitex doesn't seem to work.

Yes, it is currently pining for the fjords, as is my investment.
legendary
Activity: 1540
Merit: 1000
December 15, 2012, 08:48:02 AM
#77
I am an unemployed person of lower than average intelligence.
I managed to buy bitcoins after 20ms research.

I, too, am stupid.

You guys should look at my exam results and yet I somehow managed to understand the concept of money printing and can read stocks.... No really, I have no idea how the fuck I'm able to do that O_O
sr. member
Activity: 454
Merit: 250
Technology and Women. Amazing.
December 15, 2012, 08:17:05 AM
#76
usd2btc.com ?  never used them, but the interface looks super simple to use.
full member
Activity: 146
Merit: 100
December 15, 2012, 07:25:16 AM
#75
But coinbase pretty much sucks... I have only bad experience with them...
hero member
Activity: 588
Merit: 500
firstbits.com/1kznfw
December 14, 2012, 05:57:35 PM
#74
Coinbase invalidates this necro thread.
hero member
Activity: 812
Merit: 1000
December 14, 2012, 05:44:20 PM
#73
Damnit, I read through half the first page thinking this was a new thread.

that makes you twice as intelligent as me :/
hero member
Activity: 756
Merit: 522
December 14, 2012, 02:27:46 PM
#72
I see this worked well.  Cheesy
sr. member
Activity: 342
Merit: 250
December 14, 2012, 01:56:32 PM
#71
...
Yes, bitcoin can be a bit difficult to get sometimes, but blame the money in your pocket for that, not bitcoin. You can't easily send cash to someone instantly unless you use a third party and those third parties need your information and time to collect funds, time to send funds, finish the transaction and so on. CCs are easy but only because you already have an account registered.
...

This is a good point that the OP can't see because it's so huge before him: Bitcoin is hard to do because the dominant money system does not WANT such things happening.  We have all been corralled in economic (and political and medical and legal and...well, you get it) fences.

But the OP should be given credit for attempting to take bold action.  Yes, he stopped to whine a bit, but now--chastened--he must return to the revolution.

I'm probably piling on, but this is an extremely important point. Bitcoins aren't difficult to "buy." Fiat is difficult to spend (or at least to spend in certain ways). The difficulties in exchanging fiat for bitcoins are entirely on the fiat side. (And they're hardly insurmountable.) And if you are "buying" bitcoins by selling goods and services, accepting those coins is pretty darn easy. So what initially sounds like a criticism of Bitcoin is actually a great demonstration of its power. I remember that first international wire transfer to Mt. Gox. It was expensive, a moderate pain in the ass, and it took days to go through. I also remember that first transfer of my newly-purchased coins to my personal wallet. The difference in terms of the time, effort, and expense(!) between those two experiences was instructive.
legendary
Activity: 1400
Merit: 1005
December 14, 2012, 01:10:36 PM
#70
Damnit, I read through half the first page thinking this was a new thread.
sr. member
Activity: 462
Merit: 250
December 14, 2012, 12:29:23 PM
#69
...
Yes, bitcoin can be a bit difficult to get sometimes, but blame the money in your pocket for that, not bitcoin. You can't easily send cash to someone instantly unless you use a third party and those third parties need your information and time to collect funds, time to send funds, finish the transaction and so on. CCs are easy but only because you already have an account registered.
...

This is a good point that the OP can't see because it's so huge before him: Bitcoin is hard to do because the dominant money system does not WANT such things happening.  We have all been corralled in economic (and political and medical and legal and...well, you get it) fences.

But the OP should be given credit for attempting to take bold action.  Yes, he stopped to whine a bit, but now--chastened--he must return to the revolution.
sr. member
Activity: 462
Merit: 250
December 14, 2012, 12:18:10 PM
#68
www.ubitex.org is a startup service that seeks to match local buyers and sellers of bitcoin with eachother so that they can exchange in person. As a shareholder, I think it would be great if you used and advocated this service to others such as yourself in your area!

Ubitex doesn't seem to work.
sr. member
Activity: 462
Merit: 250
December 14, 2012, 12:12:49 PM
#67
I am an unemployed person of lower than average intelligence.
I managed to buy bitcoins after 20ms research.

I, too, am stupid.
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
December 14, 2012, 11:49:16 AM
#66
Good for a laugh.

More for a cry. One year later and not much has changed Sad
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