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akstunt600: minersdidit, I dont think you understand currency in Africa
minersdidit: yea you have to rely on lite clients
minersdidit: and 100mbit internet to sync lol
steven-__: thats just not true
minersdidit: btc requires like what 12gb of ram to run?
benkay: over btc? no need to have a crazy blow stamp wallet.
minersdidit: they dont have ID's to upload for KYC/AML to ever exchange it into the banking system
minersdidit: and it brings up the question why would someone even want bitcoin lol
HeySteve: minersdidit, I realise you are just one of those people but in the interests of advancing the debate, light wallets do exist
MisterE: you don't need it you just keep their wallets secure for them the way Vodaphone manages their fiat balances
minersdidit: you seriously think some tribesman will have a 10TB hardrive to download the blockchain in a decade
benkay: none of this real time exchange nonsense.
minersdidit: it requires access to bandwith
minersdidit: dude bitcoin is a product for the first world not some shithole
benkay: capitalize both offices with local fiat and local btc, keep track of how much it costs to replenish both coffers, adjust rate accordingly.
benkay: bitcoin for remittances might just work if you have good connections and keep your books totally dialed.
minersdidit: you know the bid/ask spread
benkay: bitcoin for remittances is a decade early if you're talking about sending btc to farmers.
minersdidit: why would someone very poor want bitcoin? pretty sure digits on a computer are the least of their concerns
mircea_popescu: arguable if the very poor need it more than the not-as-very-poor anyway
MisterE: sure it is if people beleve the text messages
minersdidit: um its not that easy to get money to a jungle in the middle of nowhere
HeySteve: Bitcoin is difficult to introduce to people with poor computing skills
MisterE: as usual the fees are regressive for the poor who need it the most
MisterE: but people are looking at challenging them in that market using the BTC network for processing
akstunt600: they trade phone card and minutes before bitcoin tho
MisterE: not the country but the continent
MisterE: moves most of the money via mobile phone for rural South Africans I was reading recently
MisterE: Vodaphone processes most of those now
minersdidit: what about the transmission payments to the poor african farmer
akstunt600: you wont see it on the exchanges tho
minersdidit: wheres all the VC money too lol
minersdidit: the fact that its 2014 and theres not a single reliable btc exchange that is safe
minersdidit: dude otc is for people with 20 dollar trades
minersdidit: bitstamp is another mtgox in the making with those 2 scumbags running it imo
akstunt600: but again thats not even an exchange really
akstunt600: im stuuck on CB until then
akstunt600: im small tho so its suiting
akstunt600: minersdidit, thats wha im saying they are gibling up cheap coins
akstunt600: I think okcoin and huobi are in on it with CB
minersdidit: whats that
akstunt600: ohhh minersdidit i think your touching on one of my theories
akstunt600: i had to comment
akstunt600: lol at that
minersdidit: charlie lee is touted as some type of inventor becuase he copy and pasted bitcoins source code lol
MisterE: haha so true
minersdidit: the troll who spawned litecoin
TestingUnoDosTre: can't believe I never have watched Huobi on bitcoinwisdom... this is like btcCrack
Duffer1: that's unfortunately true
minersdidit: well yea it was just a scam to take btc off people like all of mirceas listings
Duffer1: i don't see a need to hate on eulora
minersdidit: 8months and thousands of btc later
TestingUnoDosTre: I want to buy more bitcoin, but I was a tid bit too impatient over the last couple weeks. Thoughts, words, advice?
MisterE: ;;later tell minersdidit http://imgur.com/gallery/LdXYO9d
TestingUnoDosTre: alright but one thing he did mention that I was picturing last night was http://en.wikipedia.org/wiki/Stock_and_flow
MisterE: "exchanger_006: is it a good time to buy now guys? its looking like a huge pump?" // exchanger_006, Just burn your money you will at least get some BTUs out of it that way.
[\]: akstunt600: so much more fun than pricetalk, eh?
benkay: wait 'till minersdiditi through minersdiditxiv show up
Duffer1: he stopped talking :P
TestingUnoDosTre: this chat returned to normalcy after I ignored minersdidit :(
MisterE: plot thickens
TestingUnoDosTre: please pull up the article... it was hilarious
mircea_popescu: wasn't that... taaki ?
MisterE: Ukrainian cam girls on the BTC bleeding edge TestingUnoDosTre? I missed the golden age :/
benkay: tib, don't you have skirt to chase?
[\]: its the same troll
mircea_popescu: [\\\] dude you come on like once a year and then to argue with my ignore list. wtf is this.
mircea_popescu: TestingUnoDosTre no way they took btc in 2010 ?!
[\]: since he had to go back to his gmaxwell boner
minersdidit: the fact is the developmeant team are tards and amateurs
TestingUnoDosTre: speaking of jesus... who's celebrating his resurrection this year with a fatty?
[\]: I think I did
[\]: woah, did I outtroll the troll?
minersdidit: go back to your basement dude
[\]: keep making claims until one comes true
minersdidit: whenever i saw bitcoin foundation mugs i knew i was doing the right thing
[\]: Its easy to pull out quotes that are right when you make thousands of them. how about you point out all the quotes that were wrong?
TestingUnoDosTre: <---- lost all his bitcoins to Ukranian videochatters in 2010
danielpbarron: minersdidit: because a bunch of the devs are sucking up to FIAT and are trying to make Bitcoin jive well with the old system
minersdidit: best article on the topic
ozbot: The sins of the group of posers behind the so called “Bitcoin Foundation” pe Trilema - Un blog d
[\]: because RPC over SSL isn't a bad thing.
[\]: so to make a fuss becaues bitcoin was caught is rather stupid
minersdidit: why was it in the software in the first place
[\]: and 2/3 of the internet was hit by it.
danielpbarron was completely uneffected by the "exploit"
MisterE: not so to create solutions
MisterE: easy to rip on others
TestingUnoDosTre: has anyone been keeping tabs on any satoshi addesses, is s/he to blame for this downtrend?!?!?!
[\]: You've got your info wrong, in traditional troll fashion.
minersdidit: hence the leaving.
[\]: In fact, satoshi was the one that gave Gavin rights.
minersdidit: satoshi left because he realized the fucktards in the project and didnt want anything to do with them
benkay: core dev team and btc fundation are pretty tightly aligned
TestingUnoDosTre: it's like comparing the Winkelvii brothers with satoshi
minersdidit: its the same group of people
MisterE: never even thought of it
TestingUnoDosTre: please don't associate those two entities together
MisterE: oh newfag season must be even teh worst