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This is an old revision of this page, as edited by Your Lord and Master (talk | contribs) at 12:19, 6 June 2013 (Exchange Rate vs Price). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Template:Maintained

Article milestones
DateProcessResult
July 14, 2010Articles for deletionDeleted
August 11, 2010Deletion reviewEndorsed
October 3, 2010Deletion reviewEndorsed
December 14, 2010Deletion reviewOverturned
Merged articles

Our counterpart

http://www.britannica.com/EBchecked/topic/1816176/Bitcoin

If anyone needs an example of how this article should read... --KyleLandas (talk) 03:53, 14 April 2013 (UTC)[reply]

Not really - we do provide a lot more detail, especially on how BTC has...unfolded, so to speak. --Lenin and McCarthy | (Complain here) 06:34, 14 April 2013 (UTC)[reply]

It seems like the 'Protocol' section of this article deserves to be a separate Wikipedia page by itself. It has several illustrations and several references. Then the new page would appear in the search box and in the 'See also' links of the main article. --Macseven (talk) 05:30, 16 May 2013 (UTC)[reply]

 Done. See Protocol of Bitcoin --KyleLandas (talk) 05:12, 26 May 2013 (UTC)[reply]

Homeland Security cuts off Dwolla bitcoin transfers

http://mashable.com/2013/05/14/dwolla-homeland-security/ http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/ — Preceding unsigned comment added by 89.101.22.161 (talk) 18:35, 17 May 2013 (UTC)[reply]

"Inflation"

In the infobox it says: "The rate of inflation will be halved every 4 years until there are 21 million BTC." This strikes me as POV, reflecting a fringe-view understanding of inflation which only looks at the size of the money supply. A more mainstream economic analysis would say that if for example the supply of BTC doubled in one year but the amount of economic activity conducted in BTC quadrupled in the same year then there would actually be deflation. And of course other factors like speculation affect BTC's exchange rates and purchasing power. -Helvetica (talk) 19:22, 20 May 2013 (UTC)[reply]

Production or issuance might be better. Most people would probably think of inflation as increasing prices and decreasing buying power of a currency. Apparently this is a relatively recent change in popular definition but we *are* writing for today's people. I would only use the other definition with the words "in the money supply" or similar following the word. Statecraft (talk) 23:22, 20 May 2013 (UTC)[reply]
Fringe view? This is the very root of the term "inflation" — more currency is pumped into the same market, just like more air being pumped into a balloon, and extra money doesn't cause more wealth and extra air doesn't cause more rubber. Nyttend (talk) 02:54, 22 May 2013 (UTC)[reply]
I think we're actually talking about Monetary inflation here (as opposed to the price of goods relative to bitcoins). Any objection to changing the infobox from saying "Limited release" to something like "Limited release (Monetary inflation)"? I can't find a reference though. TippyGoomba (talk) 03:16, 22 May 2013 (UTC)[reply]
There is no need to use the word "inflation" in this context. It's only going to further confuse this struggling article. The bitcoin are issued at a declining rate. That has nothing to do with whether they're ever used for anything at all. Adding language like inflation is only going to raise far-reaching associations and false inferences for various readers who may have relatively little understanding of money and price systems. SPECIFICO talk 03:24, 22 May 2013 (UTC)[reply]
Good point. The sources cites don't use the word inflation, I noticed. I suggest we remove the word "inflation". Unfortunately, this means removing this information from the "inflation" part of the infobox. Any objections? TippyGoomba (talk) 03:53, 22 May 2013 (UTC)[reply]
Ok, I removed it. I wouldn't mind something about monetary inflation in the infobox but saying "inflation" is misleading. TippyGoomba (talk) 03:29, 24 May 2013 (UTC)[reply]
The infobox can be changed. Important info has greater relevance than aesthetic wording.KyleLandas (talk) 07:07, 24 May 2013 (UTC)[reply]
It's not an aesthetic issue, it's a factual one. There's a difference between Inflation and Monetary inflation. Sources which discuss inflation would be ideal as well. Currently, there are none in the infobox. What do you mean "the infobox can be changed"? Can we change it to say "monitary inflation" instead of "inflation"? TippyGoomba (talk) 07:13, 24 May 2013 (UTC)[reply]
The factual problem was with the infobox. It has been fixed. --KyleLandas (talk) 19:42, 24 May 2013 (UTC)[reply]
Oh, I see now. Unfortunately, now USD has a CPI rate under "inflation" which links to monetary inflation. Ooops. Someone else can figure that mess out, i guess. TippyGoomba (talk) 00:54, 25 May 2013 (UTC)[reply]

The infobox should say "issuance" or "supply" or "release" or some other word that describes the growth of a stock of objects, i.e. bitcoin. It should not say "inflation" and the word inflation should be replaced. My vote would be for "issuance" SPECIFICO talk 17:25, 1 June 2013 (UTC)[reply]

 Done --KyleLandas (talk) 03:06, 3 June 2013 (UTC)[reply]

Exchange Rate vs Price

I made some recent edits changing "price" to "exchange rate" which were changed back. I am not entirely sure which is the best term to describe the amount of other currency, goods or services one would trade for bitcoins. Exchange rate is more popular as a search term with "Bitcoin" so I'd imagine people are thinking of Bitcoin as more of a currency than a commodity. We don't talk about the price of a yen or a british pound and I don't think this has to do with their being government-backed. It's more likely about whether the item being "priced" is meant to be consumed or is highly convertible as bitcoins are. Statecraft (talk) 23:26, 20 May 2013 (UTC)[reply]

Bitcoin is in no way "highly convertible", and the fact that all you buttcoiners are obsessed with the US dollar value of your butts should be sign enough to anyone that you're not using it as a currency, but as magic value tokens. Your Lord and Master (talk) 12:19, 6 June 2013 (UTC)[reply]

Proposed merge with Protocol of Bitcoin

This article seems like it should be merged into the main article. The issue is Bitcoin has a tag for being to detailed and adding content would make it very confusing. Any ideas? FalkirksTalk 05:06, 26 May 2013 (UTC)[reply]

Please see WP:TOOLONG. It is normal for articles to be divided into sub-articles, else we have articles that can't be easily read. --KyleLandas (talk) 05:08, 26 May 2013 (UTC)[reply]
Also the content is perfectly good, cited and useful. It's not fluff or excess detail. It shoudn't be deleted. --KyleLandas (talk) 05:10, 26 May 2013 (UTC)[reply]
Additionally, this article is still over 80KB in size. Sub-articles are recommended after 60KB. The article is still too long and should be branched further if possible. --KyleLandas (talk) 05:14, 26 May 2013 (UTC)[reply]

Bitcoin in other media

The Good Wife S03E13 centers around bitcoins.84.152.3.15 (talk) 12:18, 2 June 2013 (UTC)[reply]

Covered. See Bitcoin#Timeline. --KyleLandas (talk) 12:50, 2 June 2013 (UTC)[reply]

XBT - Newly proposed ISO Standard Currency Code for Bitcoin

Hi Guys, Some of you might be aware of the newly proposed ISO Standard currency code 'XBT' for bitcoin. I have updated this detail to the Bitcoin page, and provided a change.org petition as reference link. Please update this reference if you find other more appropriate references.

This will be used in wallets, currency exchanges and other official documents, in near future. Not, this currency unit is too fine to be used in day to day usage (1000 XBT = 13 cents). I can refer to a tweet from Jon Matonis of bitcoinfoundation.org. You can consider this as the most authoritative. --V4vijayakumar (talk) 03:09, 6 June 2013 (UTC)[reply]

These aren't reliable sources. TippyGoomba (talk) 03:39, 6 June 2013 (UTC)[reply]
Neither does Wikipedia judge authority nor validate material based on authority that is close to the subject especially when it's self-published. --KyleLandas (talk) 03:47, 6 June 2013 (UTC)[reply]
I would like other contributors look into this 'XBT' matter, and let you guys decide. I am sure 'XBT' is going to be bitcoin ISO currency code. --V4vijayakumar (talk) 04:41, 6 June 2013 (UTC)[reply]
Beyond this being an issue of reliable sources, it also goes under WP:CRYSTAL. You are referring to something that hasn't happened yet. --KyleLandas (talk) 04:53, 6 June 2013 (UTC)[reply]
OK, I will wait for ISO approval. --V4vijayakumar (talk) 07:33, 6 June 2013 (UTC)[reply]
Buttcoiners are so precious! Seriously, if you drew a Venn diagram of cargo cult members and buttminers, you'd have a single circle. Your Lord and Master (talk) 12:18, 6 June 2013 (UTC)[reply]

Potential sources

Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF, University of Chicago

--KyleLandas (talk) 04:16, 6 June 2013 (UTC)[reply]