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Topic: Should Peter Vessenes resign as the Executive Director for Bitcoin Foundation ? - page 11. (Read 24387 times)

sr. member
Activity: 476
Merit: 250

Agreed, and in that light, this entire thread is based on exactly what I personally frown upon, polarizing on incomplete information

Then maybe Peter shouldn't run around polarizing people with inflammatory invective. Wink

I'd nominate casascius to the board.  Wink

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I would too. He seems to be one of the smartest and most reasonable persons around this forum. Smiley


casascius has also done more for Bitcoin than the current executive director, imo.
hero member
Activity: 798
Merit: 1000
As for what we guys wanted? Personally I never had any say in regards to the Foundation, if I supported it or opposed it, it would have no effect either way.

I was speaking on a scale bigger than just the foundation. Bitcoin isn't just about making some people wealthy for the greater good, those wealthy people are also going to be in positions of power and will shape the future of the currency. Perhaps, THE WORLD! For better or worse, the players are already pretty well-set. Ergo you will continue to have no say. But I'm just a raving bitcoin hater.
hero member
Activity: 868
Merit: 1000
well, i'm looking at this from merchant point of view. I need stable rate so I dont have to worry about selling coins every hour. As long as soft  regulates coins it will always be what it is today. It will never go mainstream  the way it is now. I'm not sure how it needs to be regulated but I think it needs human input just like US gov does to market

If you're a merchant that sells something for bitcoin, and you're dependant on getting the USD eqivalent, then you can use an automated solution that converts for you instantly. In cases of extreme volatility in the markets, buying could temporarily be stopped. This does not happen often.

And if you wanted the exchange rate to be more stable at this point in time, how do you propose it be done ?

How do we know that's what he really believes?  I'm not doubting it, but when someone speaks in their official capacity in a manner consistent with that capacity, I don't automatically equate it with being their true-to-heart personal opinion, especially when that capacity happens to be that of a lawyer, somebody purposefully trained to articulate a position with which they don't necessarily agree personally.  The notion that he "derides" somebody is really indeterminable from a statement like this, and so is any assessment as to what trust he places in governments.

Bitcoin needs more legal talent looking out for it, not less.

Agreed, and in that light, this entire thread is based on exactly what I personally frown upon, polarizing on incomplete information, but anyways, it seems like there can be some discussion from it. I'm sure Vessenes have thick enough skin to survive my post. Wink Also, it's not like a forum post is going to change anything anyway. Smiley

A Bitcoin-Stallman would not be bad.  Grin

Let me know how long you're standing around waiting.

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Perhaps the Foundation should be more independent ?

I have followed the foundation *very little*, but I do recall that mtgox was the first or one of the first "top tier" donators for like 10kbtc yearly? Do you think a sane business would expect nothing in return? The political will of bitcoin has started and the major players are going to be the people who have lots of bitcoins. This is what you guys wanted, right?

Got your point, somebody has to have the role of Executive Director. Sure, no matter if the people running the show weren't business owners, they would still have to listen to the viewpoing of any entity funding them, that's about how the political system works I would think. Smiley

As for what we guys wanted? Personally I never had any say in regards to the Foundation, if I supported it or opposed it, it would have no effect either way.

I'd nominate casascius to the board.  Wink

I would too. He seems to be one of the smartest and most reasonable persons around this forum. Smiley
sr. member
Activity: 476
Merit: 250
I'd nominate casascius to the board.  Wink
hero member
Activity: 798
Merit: 1000
A Bitcoin-Stallman would not be bad.  Grin

Let me know how long you're standing around waiting.

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Perhaps the Foundation should be more independent ?

I have followed the foundation *very little*, but I do recall that mtgox was the first or one of the first "top tier" donators for like 10kbtc yearly? Do you think a sane business would expect nothing in return? The political will of bitcoin has started and the major players are going to be the people who have lots of bitcoins. This is what you guys wanted, right?
sr. member
Activity: 476
Merit: 250
How do we know that's what he really believes?  I'm not doubting it, but when someone speaks in their official capacity in a manner consistent with that capacity, I don't automatically equate it with being their true-to-heart personal opinion.  The notion that he "derides" somebody is really indeterminable from a statement like this.

This is scorn and derision, from a professional or a personal view:

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"Right now you have a bunch of anarchistic market dilettantes who don’t understand how markets work and don’t understand the perils of markets"

This is the position of someone that trusts government, otherwise known as force and fraud, over markets. Markets are cooperative and competitive, things that government isn't and Bitcoin is.

This is the line with Bitcoin: do we trust the old model of force or the model that Bitcoin now makes possible?
member
Activity: 65
Merit: 10
bitpay charges 0.99% to put btc to your account and 3% to convert it to  usd

This is absolutely wrong.

I have been using bitpay for the last few weeks and never paid more then the promised .99% fee (even when converting to USD). I have processed about $530 in USD transactions and paid $5.24 in fee's total.

https://bitpay.com/pricing
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
How do we know that's what he really believes?  I'm not doubting it, but when someone speaks in their official capacity in a manner consistent with that capacity, I don't automatically equate it with being their true-to-heart personal opinion, especially when that capacity happens to be that of a lawyer, somebody purposefully trained to articulate a position with which they don't necessarily agree personally.  The notion that he "derides" somebody is really indeterminable from a statement like this, and so is any assessment as to what trust he places in governments.

Bitcoin needs more legal talent looking out for it, not less.
sr. member
Activity: 476
Merit: 250
other exchanges exist but does it help?

We're still early in the game. There are other exchanges being developed and coming online. At some point, one of them will be an improvement over what we have now.

I tend to trust in the market over the government to solve problems. I'm one of those "market anarchistics" that Peter derides. He appears to trust government over markets, perhaps because he wants government to protect his position.
member
Activity: 158
Merit: 10
gox needs to be regulated by the existence of other exchanges. Government regulation works in favor of the government, not Bitcoin.
other exchanges exist but does it help?
legendary
Activity: 1400
Merit: 1013
bitpay wants 3% to transfer btc to usd.
0.99%
Plus, if btc dropping you're not getting full amount with bitpay. Think about this: you made purchase for btc. If btc dropping fast by the time transaction is confirmed I can loose most of my profit
That's the exact opposite of what happens.
bitpay charges 0.99% to put btc to your account and 3% to convert it to  usd
Better check your sources again.

While you're at it, read up on what actually happens with the currency conversion rates.
sr. member
Activity: 476
Merit: 250
thats exactly my point: as long as mtgox not regulated they can do whatever they want.

gox needs to be regulated by the existence of other exchanges. Government regulation works in favor of the government, not Bitcoin.
sr. member
Activity: 476
Merit: 250
bitpay charges 0.99% to put btc to your account and 3% to convert it to  usd

You should probably stick to fiat then. It doesn't sound like Bitcoin is for you.
member
Activity: 158
Merit: 10
If btc dropping fast by the time transaction is confirmed I can loose most of my profit

You should talk to the people that run the biggest exchange in Bitcoin about the price and their relation to its recent fall.
thats exactly my point: as long as mtgox not regulated they can do whatever they want.
member
Activity: 158
Merit: 10
bitpay wants 3% to transfer btc to usd.
0.99%
Plus, if btc dropping you're not getting full amount with bitpay. Think about this: you made purchase for btc. If btc dropping fast by the time transaction is confirmed I can loose most of my profit
That's the exact opposite of what happens.
bitpay charges 0.99% to put btc to your account and 3% to convert it to  usd
legendary
Activity: 1400
Merit: 1013
bitpay wants 3% to transfer btc to usd.
0.99%
Plus, if btc dropping you're not getting full amount with bitpay. Think about this: you made purchase for btc. If btc dropping fast by the time transaction is confirmed I can loose most of my profit
That's the exact opposite of what happens.
sr. member
Activity: 476
Merit: 250
If btc dropping fast by the time transaction is confirmed I can loose most of my profit

You should talk to the people that run the biggest exchange in Bitcoin about the price and their relation to its recent fall.
sr. member
Activity: 476
Merit: 250
But who's gonna trust some buggy soft?

Did you find something that Dan Kaminsky missed?
member
Activity: 158
Merit: 10

Use Bitpay when it's unstable. They exist to minimize exposure to volatility. It's part of their business plan, as I understand it.
bitpay wants 3% to transfer btc to usd. I pay 2.75% for credit cards. Plus, if btc dropping you're not getting full amount with bitpay. Think about this: you made purchase for btc. If btc dropping fast by the time transaction is confirmed I can loose most of my profit
member
Activity: 158
Merit: 10
Don't you think the exchange rate will become stable when the market cap grows and become bigger ?
market cap doesn mean anything. Rate will be stable when people trust bitcoin. But who's gonna trust some buggy soft?
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