aminok

61 ms·

511.
by aminok 14y ago
Bitcoin transactions are instant. Satoshidice, a major bitcoin business, accepts zero-confirmation transactions.
512.
by aminok 14y ago
"If Bitcoin really takes off the old finance hands can tack these on and they'll have everything that made Bitcoin great plus their network effect." Why would they create a new network from scratch when one already exists?
513.
by aminok 14y ago
Banks cannot clear transactions more rapidly than Bitcoin. Waiting a few seconds and confirming that most nodes on the network have received the bitcoin transaction is safe enough for most transactions (those involving values less than $100
514.
by aminok 14y ago
The Great Depression was not during the international gold standard period. By the time it rolled around, central banks controlled the money supply of every advanced economy, and in the midst of the Depression, the U.S. government further l
515.
by aminok 14y ago
Hoarding cash does not destroy production, as the number of units of cash in circulation does not affect economic productivity.
516.
by aminok 14y ago
"I'm working on two proposals right now, one with constant growth over time and one with a slightly increasing growth." Such a coin has been created. Freicoin is a bitcoin-variant that devalues at a constant rate. It hasn't caught on, proba
517.
by aminok 14y ago
A gradual rate of deflation didn't stop world markets when they used an international gold standard. Very few people forgo buying something they need because they could get 2% one year later if they hold on to the currency. I think deflatio