Bitcoin Forum

Anyone here have any idea as to what Gavin was alluding to?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos."

http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust

Second to last paragraph. Multisig?

Anyone here have any idea as to what Gavin was alluding to?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said.

NO block reward halving in December and a change of the maximum amount of Bitcoin to 20 Billion

Just like a real central authority would do, Bitcoin's entrance in the real world  ;D

A worldwide Point of Sale system needing no extra hardware...

All that would do is remove the developers from being Bitcoin developers. I realize you're probably joking but any newbies reading this thread should know that the developers don't have that kind of unilateral power over the network; miners and full nodes would have to update/migrate their software to accept this change.

0.7 release?  With raw transaction capabilities?

Doesn't this already sort of exist? If I owned a convenience store, I'd just have to access my blockchain.info wallet and turn it into a point of sale system, no? I could do it on a laptop, but in a pinch, it would even work with my phone.

Doesn't this already sort of exist? If I owned a convenience store, I'd just have to access my blockchain.info wallet and turn it into a point of sale system, no? I could do it on a laptop, but in a pinch, it would even work with my phone.

He'll be announcing that his relic collection will be being exhibited at The Guggenheim Museum in New York.

I would bet BTC that it will be regarding multisig.

Gavin has been working with the CIA to allow them alert access and they will unveil their 100THz ASIC mining operation.

Julian Assange will be digitized and smuggled out of the UK in the blockchain?

I have no idea what Gavin is talking about, but why would multi-sig or any other known Bitcoin client improvement proposals qualify as a 'major announcement'?  ???

I have no idea what Gavin is talking about, but why would multi-sig or any other known Bitcoin client improvement proposals qualify as a 'major announcement'?  ???

Perhaps blockchain related improvements? (better pruning, compression, standard client does not have to download the entire chain, etc.)

"I still call Bitcoin ‘experimental,' and still tell people to only invest time or money that they can afford to lose... but every month that goes by both the core system and the supporting infrastructure (exchanges, e-wallets,merchant solutions, storage solutions, etc.) become less experimental and more reliable.

It's probably multisig.  Gavin seems to view multisig as a security feature to protect against hacks.  Fewer hacks means less bad press and more consistent growth in adoption.

The single largest problem I see for any reasonable corporation to not adopt Bitcoin is the lack of corporate governance (http://en.wikipedia.org/wiki/Corporate_governance) when it comes to private keys and the  segregation of duties (http://en.wikipedia.org/wiki/Separation_of_duties). There must be proper corporate governance and segregation of duties or the board of directors or management will be liable for breach of fiduciary duty. They will not allow Bitcoin to be accepted if it is going to result in a breach of fiduciary duty. Multi-sig could be implemented in such a way that this hindrance would be completely eliminated.

If Bitcoin can have proper corporate governance and segregation of duty abilities then corporations can adopt it. If corporations can adopt and use Bitcoin then larger capital flows will happen. If larger capital flows happen then there will be greater stability in the price.

my guesses:

- Satoshi revealed as purely fictional. This was a 20% project from google that management knew was too disruptive to let continue....but devs knew it was too disruptive to not release.
- experiment is now over....thanks everybody....btc are now convertible to Google Play credits...but no longer mine-able.

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie

(Well...some of you were kinda close)

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie

You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said.

You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...

You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...

You know there are governments other than the US government, right?

You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

I know! I know! We're all going to Pattaya!!!!!

Greece or some other sovereign nation is adopting Bitcoin as legal tender. Bitcoin will trade on FOREX.

I bet the Royal Canadian Mint is going to adopt the Bitcoin model for it's e-cash proposal.

The "big announcement in September" isn't related to code changes.

Perhaps some organizational sponsorship or something like that?

That's kind of what I was thinking. Some sort of funding that would allow more people to work full time on the project. Would be nice.

Theymos wrote:


 - http://www.reddit.com/r/Bitcoin/comments/ycyy9/pledge_if_the_bitcoindbitcoinqt_development_team/c5ugekw

Kim Dotcom will launch a new file/music/whatever sharing service that uses bitcoin as the currency of choice :D

Iceland will start a trial where they accept tax payments denominated in Bitcoin, just to spite London for harbouring all those convicted criminal bankers.

Iran and China are pricing their Oil trades in BTC?  ;D

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

Julian Assange will be digitized and smuggled out of the UK in the blockchain?

If we go further on that, why not an announce of the Icelandic central bank that they will purchase some bitcoins (putting a floor on the market, that would be stability).

Both of those would be awesome. Keep dreamin' - though Iceland is small enough that maybe government support and gradual introduction may be feasible as a secondary currency.

Iceland don't have a lot of international obligations if I remember rightly, could indeed be a geniune likelihood

out of curiosity, how can we have "surprises" here? it is an open source project, shouldn't whatever is coming be on the roadmap already?

Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.

http://bitcoin2012.com/

For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.

http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative

Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.

We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.

http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence

Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.

Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.

http://bitcoin2012.com/

For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.

http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative

Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.

We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.

http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence

Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency, I believe that means you don't have to pay capital gains taxes on that thing. For example, if you transfer dollars to sterling, the value of sterling goes up, and then you transfer back to dollars, you don't have to pay taxes on the gain because sterling is an official national currency. IANAL.

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency, I believe that means you don't have to pay capital gains taxes on that thing. For example, if you transfer dollars to sterling, the value of sterling goes up, and then you transfer back to dollars, you don't have to pay taxes on the gain because sterling is an official national currency. IANAL.

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency,[...]

Anyone here have any idea as to what Gavin was alluding to?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos."

http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust

Second to last paragraph. Multisig?

Think for a second.  Who cares if bitcoin is a country's official currency?  Bitcoin use need only be protected by law in a certain country to gain added legitimacy...

An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not?

Gavin = Pirate = Satoshi

Q.E.D.

Think for a second.  Who cares if bitcoin is a country's official currency?  Bitcoin use need only be protected by law in a certain country to gain added legitimacy...

An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not?

Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?

I understand what you are saying, but generally, laws/statutes outlaw things rather than say what is acceptable.

For example, there is no law that says "yes, hamburgers are legal".



Attorneys may quibble and argue somehow that bitcoins are "illegal", but they are certainly not inherently unlawful, and they will not become unlawful regardless of what the ones in black robes say.

According to the graph on this page http://www.facebook.com/bitcoinusers/likes, at this rate there'll be fewer people taking about Bitcoin if the trend continues, thus doubling the price we're seeing now, if the graph is a bellwether for why the exchange rate has gone up in the past month. Currently, something doesn't smell right, but by September we may have some sort of stability?

Take a look at that graph, and try to make heads or tails out of it.

~Bruno~

All right, all right, enough speculation.

I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin.

All right, all right, enough speculation.

I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin.

All right, all right, enough speculation.

I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin.

If BFL IPOs before the ASIC release, we should all have a pretty good idea of where that capital is going. I sure wouldn't buy.

Where would that be? ASIC development?

jp morgan, the original inventors of "project satoshi" will be taking over the project and acquiring bfl labs (but don't worry, refunding all the funds from pre-sales, .. in dollars though, at the prices quoted when prepayment was sent).

An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not?

At the risk of being called a newb who's too stupid and/or lazy to use the search function correctly (it's a fair cop  :)), could someone explain to me what multisig is, how it works, and why it's important (or provide a link)? Thanks!

http://lmgtfy.com/?q=bitcoin+multisig

You know, I assumed that if I just asked the question, I'd probably end up getting a lmgtfy link or some other snarky non-response.  But I hoped that maybe if I threw in a little self-deprecating humor acknowledging that yes, I should probably be able to find this information on my own, I might get an actual answer.  Obviously that hope was misplaced.   :'( But seriously, I still haven't found a good overview on the subject.  If you know of a link to one that's particularly good, I'd love to see it. 

Multisig addresses require m-of-n signatures to spend from.  There are n total keys that can sign, and you need m <= n  of them to successfully spend.  For example, with m = 2 and n = 3 you can do a trade of physical goods with built-in escrow.  The escrow holds one key, and each of the sender and receiver of the good hold the other keys.  The buyer sends his bitcoin to the 2-of-3 address and the seller ships out the goods.  The seller than creates and signs a transaction that spends the coins from the 2-of-3 address to his personal address.  When the buyer receives the goods, he also signs the transaction and the coins are moved.  If there is a dispute, the escrow can either sign the transaction, awarding the coins to the seller, or can ask the buyer to create and sign a transaction that returns the coins to him, and then sign that one.  This can all be done without including the escrow except when necessary as all you need to know is the escrow's public address.  They can have an outstanding offer to settle any disputes provided that if arbitration is necessary they get X BTC (or a %) as a fee.

Thank you for this - it makes a lot more sense now.  It would be nice if there was a short little video on youtube explaining this to the common bitcoin user.

There is no UI yet, and the code with the command line support still hasn't been in a release yet.  Give it some time.

Hmm, my gut reaction is cautious to having scripting within the core bitcoin exchange network especially as the default behavior. Just a bit uneasy at adding such an attack vector.

Hmm, my gut reaction is cautious to having scripting within the core bitcoin exchange network especially as the default behavior. Just a bit uneasy at adding such an attack vector.

Maybe Google will get involved with Bitcoin?

Google allows it's staff to spend 20 percent of their work time on personal projects? Who do I have to suck off to get a job at Google?

Signed,

Puckered up and waiting for response.

http://dilbert.com/strips/comic/2011-12-19/

20% they work
20% they do google stuff and
60% they spend on youtube FaceBook

I hope the block reward will keep the same, so that BTC will provide continuous incentive for new adopters, and reduce the deflation nature in BTC economy

The continuously reducing supply in protocol make it a perfect place for speculation, and the wild price swing will discourage business users

If you want inflationnary monopoly money, take a look at euros or dollars they might interest you.

Easy there. If the block reward stayed at 50 forever, Bitcoin would still be the hardest money in existence and the inflation rate would approach 0 over time.

Easy there. If the block reward stayed at 50 forever, Bitcoin would still be the hardest money in existence and the inflation rate would approach 0 over time.

Given that the exchange rate is free-floating (as it should be), changing the block reward from halving every 210,000 blocks to a constant 50 would probably not cause much difference at all.

But the speculation is moot... nobody's changing that part of bitcoin.

]

One under-appreciated aspect about alt-chains is that they can always to used to show skeptics (who were probably indoctrinated with ideas that a flexible money supply is essential, even though they usually can't explain why) that under a Bitcoin system, the money supply limits can be overridden if there's ever a real need for it. One common objection that I hear is that Bitcoin will have trouble scaling. As soon as millions of people try to pile onto the system, "there won't be enough coins to go round", or the network will overload or something else will break.

But let's think about it for a minute: if there's ever a massive burst of interest in Bitcoin (that might theoretically break something), some of that interest inevitably gets diverted into forks, clones, and new currencies! That's where the new money comes from. Sure, purists might argue that it wrecks the idea of hard, sound money, but that is wrong. New adopters knowingly buy-in to the new currencies, and no-one is forced to exchange their superior Bitcoins for those other, lesser currencies if they don't want to. Furthermore, this currency "eco-system" enables something that the Fractional Reserve system fails to do when it should, which is to reduce the money supply in a timely manner in response to real economic pressures. For example, if there's a contraction or loss of confidence, floating exchange rates will dynamically shrink the amount of money in the system. No intervention required!

My guess is simply that Greece will now be adopting BTC as their sole currency... a long shot perhaps... but one i'd like to see :)

One of the things I half expect to see is countries, businesses, games and many others issuing their own blockchains as a method of keeping internal accounts while making use of the system but if they don't link directly to bitcoin as a central currency it could all get very messy with alt chains printing money as it suits them and exchange rates up in the air. Hopefully Canada will consider that with their own digital currency and not stay stuck in the rut of the current fiat system.

My guess is simply that Greece will now be adopting BTC as their sole currency... a long shot perhaps... but one i'd like to see :)

That would be a game changer, and BTC rate would skyrocket 10-100 times in matter of a week.
But nothing like this is going to happen.

Ofc not. They need to print their own monies to buy back bonds. Cannot print bitcoins, so its not for them.

While I remain forever hopeful, I'm not counting on any national acceptance any time soon. The banks just won't let it happen. If Iceland were to unveil some kind of "roadmap" that involves Bitcoin, perhaps as a trial first, then as a second official currency, or perhaps they were to declare a safe-haven for bitcoin rights, the response could range anywhere from suicide bombings to submarines drilling nukes into the bedrock to blast the island out of the water...

Just look at what's going on around the world today. Remember when that guy, what's his name, Julian Assange was considered a hero all over the world for embarrassing the US gov't with Cablegate and whatnot? They got angry and even arrested some kid for doing the leaks, but Assange was basically untouchable. But then he announced some upcoming leaks regarding a "prominent US bank", and BAM! Rape allegations, "code red" alerts, Interpol investigations, international arrest warrants, the UK threatening to invade Ecuadorian soil... I guess that'll teach people to wear condoms!... And that was just ONE guy running a <$1million activist organisation, threatening just the ONE bank.

</rant>

Today August 9th, at 22:10 JST, a serious glitch on MtGox caused all ask orders to be flushed from the system. It is now 00:40 JST at the time of this writing.

As the cause was not determined immediately, the MtGox trading engine was halted and an investigation in the situation initiated. We found that this issue was due to a glitch linked to a new feature. A fix has been placed and failsafes have been installed to make sure such an event will not occur again.


We have determined that this issue was caused by a bug in the trading engine due to a new feature planned for release in September. While this new feature should not have any impact on trades not using it, a specific set of conditions could trigger this feature in a way that should not happen, which in turn caused the trade engine to believe that the order matched in the order book was actually invalid and should be removed.
Because of this, all the open ask orders were flushed out of the system, and one trade executed as an overly high amount (this trade was later cancelled).

The bug has been identified and the issue has been solved. We will also make sure to create unit test capable to reproduce cases such as the conditions required for this bug to happen.

To trigger this bug the following conditions had to be met:

• Place a market order in currency other than USD to buy bitcoins for a larger amount that can be afforded
• Have a very low balance of that currency
• Have configured to take fee for bitcoin purchase from currency and not BTC
• Do not have the order to complete in a single match (ie. cause more than one trade)

The issue has been resolved, and different kinds of failsafes have been added to ensure an order can not cause a large part of the order book to vanish.

Due to the fact that the latest backup could possibly include asks that were cancelled by users, we have not restored the order book from backups. Users are invited to place sell orders again.


Please contact our support team should you have any question.


Mark Karpeles, MtGox Co. Ltd.

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

Margin trading ?
Anyway not sure it's what Gavin was talking about, MtGox != Bitcoin Project

+1

This has to be something legal related

Bitcoin will be traded on forex?  ;D

Something tells me that the US gov would not endorse this.

Perhaps another government?

I think someone stated that someone here was pretty close with his guess.
I won't read it up, actually I don't want to know it before it gets announced.
I will rather follow all your guesses.

When I get a present, I hold it in my hands, shake it a bit, value its weight and all that stuff. If I wanted to know what's inside, I would just open it up right away. :-)

Ente

well isn't bitinstant credit card coming... that might open the door for some real world merchant (little too big but catchy example would be Wal Mart... xD), who comes into btc business.... :)

The beta stage is over.
 Release 1.0

Nope.
https://bitcointalk.org/index.php?topic=104173.0
Version 0.7.0 release candidate 1 ready for testing
28.August.2012, 21:02:26

You're welcome. :-)

Ente

ISK will be pinned to Bitcoin in EVE and Dust 514 to DOMINATE the world of online gaming. =p

Yes, it was mentioned earlier but my favorite so far is Kim Dotcom (https://torrentfreak.com/new-megaupload-will-be-massive-global-network-to-change-the-world-120828/).

Has it been confirmed that Gavin wasn't referring to the BitInstant debit card?

well i think there are only a few ways to bring stablization into the market.... my favorite: more money through a major investment or a major merchant accepting btc now.

Yep, I am hoping Dotcom accepts bitcoins for payments on his megabox service :)

It might have to be! Paypal, Visa and Mastercard are all out. Most international bank transactions seem to use US-based banks as intermediaries. What else is left?

It might have to be! Paypal, Visa and Mastercard are all out. Most international bank transactions seem to use US-based banks as intermediaries. What else is left?

The 0.7 release very likely has nothing to do with this major announcement. The 0.7 release is an improvement but there is nothing there that I'd consider major, so let's just wait.

Has it been confirmed that Gavin wasn't referring to the BitInstant debit card?

This announcement is not the BitInstant debit card  :)

The September announcement is very exciting!

-Charlie

It would be even better if bitcoins would be the only method of payment.  ;D

Will a major company adopt bitcoin?  Google?

Apples announcment is in september....

Both of those companies rely heavily on the current monetary system to exist. I doubt they want to stir the pot like that.

I don't think Dotcom is THE announcement, but someone mentioned it, so I'll expand on why I think Dotcom is interested.  Kim Dotcom did a similar scheme where he said he was saving a company from bankruptcy by investing a bunch, but he didn't, and instead sold his shares after the rumor caused the price to go up. (http://en.wikipedia.org/wiki/Kim_Dotcom#Insider_trading_and_embezzlement)  I can see him wanting to do something like this to try and create another rise to gain similar rewards.

do you really know that he's a nice and honest person? do you know him personally and well?

It is September in Bangkok.

So...what is it?

reading every new in this issue, but, havent seen, or missed, which day of september ? 1st is tomorrow :)

Somebody's trying hard to be ignorant.

It is September in Bangkok.

So...what is it?

It is now September where I am.

I don't understand how an open source project can hide major developments. I assume it isn't technical in nature.

I hope it is not directly related to code changes but even that would be ok. Each and everyone can fork the project if he doesn't like Gavin's style.

I think, this whole thread is pointless as it is hype for nothing in the end or maybe Gavin had some private project going or heard something that might turn out as vapor ware. Looking at Gox tells me that the guys with the money don't seam to expect much.

I  still think it's an Android tablet with adhoc bitcoin networking through wifi.

That would be cool, but I'm not sure how that would contribute to any new "stability"

Oh, so Google and Apple announced they just settled their argument and both launch this Bitcoin Mesh Network pre-installed on iPhone 5 and put it into the next Android version? I heard, Nokia is joining, too. No? It's just some toy project of somebody who tried it on his custom board and it worked? For a mesh network you need saturation and this would really only work if my completely utopian scenario #1 came true. If "only" android did it, it would take twice as long to saturate any area in the world with bitcoin connectivity over wifi. If you would patch all existing Android Bitcoin clients to have a service that burns your battery to provide this functionality, you would never ever ever reach saturation in downtown New York.

Edit: Maybe it would be sufficient for the BitPay cubicle ;)

I think I found the major announcement:

https://bitcointalk.org/index.php?topic=105100.0

 :)

I now think it is the Bitinstant card.

Wow is this thread still going on?

Someone in the first 10 pages got really close

Anyways, we are not long until the announcement.

Wow is this thread still going on?

Someone in the first 10 pages got really close

Anyways, we are not long until the announcement.

You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...

Hmm, I trust you guys, allot, but you statements about an alleged announcement, about the whole project, that you know about and the whole community doesn't have a clue, is rather suspicious for me. So you better say it out loud or STFU

You are 100% right. I'm not to familiar with the matter, but all I know is Gavin should not have leaked that.

I'm no one to talk, since my last leak cause massive worldwide panic.

Nothing creates stability like a giant surprise.

Saxobank offering BTC accounts?

Nothing creates stability like a giant surprise.

You are 100% right. I'm not to familiar with the matter, but all I know is Gavin should not have leaked that.

I'm no one to talk, since my last leak cause massive worldwide panic.

So you tried to teach the entire community a lesson at the expense of your own credibility?
I dont know whether I should be amazed or sorry for ya.

I don't understand what the wait is for. Is there some special event for it or something? Doesn't make much sense to me personally.

Hopefully they're not going to planning to announce it at the London Conference.  The devs specifically chose to disconnect the forums from the Bitcoin Project in an attempt to keep the Project itself neutral and professional.  They can't maintain any appearance of neutrality if they make major announcements at an event being organised by shonky operators whose behaviour calls Bitcoin into disrepute.

Hopefully they're not going to planning to announce it at the London Conference.  The devs specifically chose to disconnect the forums from the Bitcoin Project in an attempt to keep the Project itself neutral and professional.  They can't maintain any appearance of neutrality if they make major announcements at an event being organised by shonky operators whose behaviour calls Bitcoin into disrepute.

No.

Its already been leaked before lol, I pointed that out pages ago

... I assume it'd just be "Bitcoins are seen as X" and from then on Bitcoins would have the existing laws of X

Its already been leaked before lol, I pointed that out pages ago

Its already been leaked before lol, I pointed that out pages ago

Me: So a little while ago, Gavin said that there was a big announcement coming up in September. Any chance this is it?

Charlie: No, this is not it. What he's announcing is an announcement, not... Well, I don't wanna say any more.

Me: Fair enough, didn't expect you to go on-record with it if you knew.

Charlie: No, he would kill me if I said anything. He was just here recently. He would kill me.

Charlie: No, this is not it. What he's announcing is an announcement, not... Well, I don't wanna say any more.

Can we at least have the date of the announcement?

Major announcement will be "Bitcoin is scam"?
The scamming by pirateat40 & now the diablo GLBSE problem forces to think that everything is scam

It would be great

McDonalds sells food?

McFlurries should be on Silk Road.

is this one?  :-\ I hope not (US State Representative adopts Bitcoin donation system): http://www.finextra.com/news/Fullstory.aspx?newsitemid=24030 (http://www.finextra.com/news/Fullstory.aspx?newsitemid=24030)

McDonalds sells food?

Can we at least have the date of the announcement?

http://nashvillecitypaper.com/content/city-news/anonymous-group-allegedly-hacked-romney-tax-records-franklin-firm

While the claim of possessing Romney's tax records may well be bullshit, I'm guessing that any extortion threat towards a Presidential candidate is going to attract serious investigation - including an attempt to identify the owner of the Bitcoin address in question.

This could get interesting.

A great announcement would be that McDonalds will accept BTC worldwide. I cannot imagine anything more disruptive than allowing everyone on the planet to buy food with BTC earned by doing microtasks online.

+1

It's frustrating to be so out of the loop in a community based open source project. Giving us the date would help alleviate the situation.

this.
this situation makes bitcoin seem like it's run by a group of people with inside info.  decentralized my ass.

this makes me feel left out.

this situation makes bitcoin seem like it's run by a group of people with inside info.  decentralized my ass.

this makes me feel left out.

You're missing the point of Bitcoin if you feel left out. You can be as involved as you want to be, just go make something happen-- find something you think needs doing, recruit some people to help if you need help, and do it. Are you waiting for an invitation or permission from somebody?

He wants the key used to send messages to the Satoshi client.  ;D

He wants the key used to send messages to the Satoshi client.  ;D

This guy:

https://bitcointalk.org/index.php?topic=101011.msg1159450#msg1159450


Said that the 30th will be the last day for the announcement.

You're missing the point of Bitcoin if you feel left out. You can be as involved as you want to be, just go make something happen-- find something you think needs doing, recruit some people to help if you need help, and do it. Are you waiting for an invitation or permission from somebody?

Idk, maybe my opinion will change after the announcement and it will be obvious why it had to be kept secret.

"Hey, I've got this fantastic idea!"

"Really!  Tell me all about it!"

"We're going to blah blah blah."

"Uhh... did you talk to a lawyer about that? That might be illegal."

"Uhh... really? no."

"And where will you get the money to do it?"

"Uhhh... haven't figured that out yet."

"And if I want to participate, what should I do?"

"Uhh... I dunno, we don't really have a process for that yet..."

I made the mistake of asking a reporter when her deadline was, because if it was far enough away I could tell her about the neat idea. I should have kept my mouth shut or sworn her to secrecy.

Announcing a half-baked idea is counterproductive; you'll just get a gazillion questions that you can't answer, or, even worse, people will assume they know the answers and then be disappointed when it turns out the idea they thought they heard you describe isn't the same idea they thought they heard.

Announcing a fully-baked idea and then modifying it based on what everybody thinks and how it works out in practice is the right way to do things, in my humble opinion.

Announcing a half-baked idea is counterproductive; you'll just get a gazillion questions that you can't answer, or, even worse, people will assume they know the answers and then be disappointed when it turns out the idea they thought they heard you describe isn't the same idea they thought they heard.

Hmmm, this little dialogue could be consistent with maybe a P2P bitcoin exchange extension/mod for satoshi client .... gawd knows we could do with one.

Keep talking ...  ;)

Hmmm, this little dialogue could be consistent with maybe a P2P bitcoin exchange extension/mod for satoshi client .... gawd knows we could do with one.
Keep talking ...  ;)

My tip is public organisation funded to protect and support Bitcoin, its developers and users. (NOT like FinCEN, something like EFF.org. But, wait... BitCEN :P)

"Bitcoin" has no phone number, that confuses the hell out of old world people.

You mean they'll accept bitcoin for a while and then decide it's too risky because of vague conflict of interest issues and dump them?

Yup, the announcement will probably be that they'll set up a legal organization that will act as an official contact and information center for everything Bitcoin related. Hence all these legal questions. It was already proposed a while ago actually.

"Bitcoin" has no phone number, that confuses the hell out of old world people.

Yup, the announcement will probably be that they'll set up a legal organization that will act as an official contact and information center for everything Bitcoin related. Hence all these legal questions. It was already proposed a while ago actually.

"Bitcoin" has no phone number, that confuses the hell out of old world people.

"Hey, I've got this fantastic idea!"

"Really!  Tell me all about it!"

"We're going to blah blah blah."

"Uhh... did you talk to a lawyer about that? That might be illegal."

"Uhh... really? no."

"And where will you get the money to do it?"

"Uhhh... haven't figured that out yet."

"And if I want to participate, what should I do?"

"Uhh... I dunno, we don't really have a process for that yet..."

I made the mistake of asking a reporter when her deadline was, because if it was far enough away I could tell her about the neat idea. I should have kept my mouth shut or sworn her to secrecy.

Announcing a half-baked idea is counterproductive; you'll just get a gazillion questions that you can't answer, or, even worse, people will assume they know the answers and then be disappointed when it turns out the idea they thought they heard you describe isn't the same idea they thought they heard.

Announcing a fully-baked idea and then modifying it based on what everybody thinks and how it works out in practice is the right way to do things, in my humble opinion.

linking an account to an apple id would scale*


*i have no idea whether gavin et al, almost certainly including the CIA, have done a deal with apple to include a bitcoin friendly keypair in every embedded secure element in the iphone 5 out next week, using the well established apple id as a credential to access the keypair to transfer funds or make purchases on the app store.**

** no really i haven't, but wouldn't it be a good idea if they had. would save apple a buck or two in fees too. can't say it would add stability to the bitcoin price in the short term tho.

There is absolutely nothing that could possibly add stability to the bitcoin price in the short term because stability won't happen until we get well past $100/BTC.  Anything less is too small a market to be stable in an era of fiat money printing.

How did you come up with the $100 mark for stability?

Emphasis added ^

There is no magical point at $100, but with roughly 10 million BTC out there, $100/BTC would mean $1 billion total (making some wildly inaccurate assumptions about being able to actually sell all the bitcoins for spot price).  That's starting to be significant enough to be a little more stable.  Definitely more stable than the measly $100 million we've been bouncing around near.

I disagree. Even at $100/BTC, speculators would still be trying to figure out the 'true value' of BTC. Their idea of where that true value is could range from less than $100 to thousands of dollars per BTC. That is still a huge range for radical sentiment fluctuations. Plenty of room left for 'panic' buying and selling.

Given that the exchange rate is free-floating (as it should be), changing the block reward from halving every 210,000 blocks to a constant 50 would probably not cause much difference at all.

would save apple a buck or two in fees too. can't say it would add stability to the bitcoin price in the short term tho.

When at higher numbers, such as $100/BTC, going up/down a dollar or 2 isn't a big deal. But when you are at $11 and it drops to $9, that's big. Having it at higher amounts/BTC will cause it to be less volatile. I think that's how it works anyways. I'm no economist, just my opinion.

Its unlikely that Apple will let anything into their environment that they can not have control over.

www.theclag.org (http://www.theclag.org)

Okay, I'm ready to make my official guess:

Bitcoin bonds (https://bitcointalk.org/index.php?topic=106298.0)

That did come to mind when talk of bonds started escalating after the Bitfloor hack. Perfect timing, if I may say so myself.

~Bruno~

When at higher numbers, such as $100/BTC, going up/down a dollar or 2 isn't a big deal. But when you are at $11 and it drops to $9, that's big. Having it at higher amounts/BTC will cause it to be less volatile. I think that's how it works anyways. I'm no economist, just my opinion.

Found it:

http://blogs.marketwatch.com/thetell/2012/09/12/maybe-qe3-isnt-so-priced-in-survey-says/

Bitcoin is going to be involved in QE3 with help from Gavin, the CIA and the Fed.

Look for it tomorrow during the Fed meeting.

They have run out of ways to pump more money into the market so they are looking to Bitcoin to fill the gaps.

You heard it here first!

maybe this  ;D
rap news: next one is going to be about bitcoin! (https://bitcointalk.org/index.php?topic=107271.0/)

http://www.federalreserve.gov/newsevents/press/monetary/20120913a.htm

SURPRISE!

Could it be that the only way to tax the rich is to make their money (and every one else's) worthless?

Could it be that the only way to tax the rich is to make their money (and every one else's) worthless?

Maybe it has something to do with this:
http://theeconomiccollapseblog.com/archives/china-and-russia-are-ruthlessly-cutting-the-legs-out-from-under-the-u-s-dollar

(Link first posted here:)
https://bitcointalk.org/index.php?topic=106017.msg1189842#msg1189842

I've checked the bitcoin2012 site and was surprised to see no mention of Gavin as a speaker I thought he'd be the one making the announcement.

I've checked the bitcoin2012 site and was surprised to see no mention of Gavin as a speaker I thought he'd be the one making the announcement.

Could it be that the only way to tax the rich is to make their money (and every one else's) worthless?

Obviously it will be announced at the conference, yes. Unfortunately, with all the built-up hype, it is almost guaranteed to be a major anti-climactic let-down.

It's the setup for a classic profit situation: Buy on Rumor, Sell on News.

Unless the news is less exciting than the rumor, in which case you lose.

Unless the news is less exciting than the rumor, in which case you lose.

No. The idea is that rumors drive the price to a climax at the delivery date which is why you should sell slightly before the delivery date to maximize your profit. If the rumors were placed deliberately, this is what you call pump and dump which is very common among penny stocks and bitcoin (I see bitcoin as a very accessible penny stock in that sense).

Big difference between penny stock and bitcoin= $11.60

Ok, I'm not into stocks but I watched some youtube videos on the subject. Some really care about the value of a single stock but I don't understand how this is of any relevance. For me a penny stock is something with a market cap low enough to be the play ball of single market participants.

I've said that I think the download-and-install-software-on-your-PC is a mostly-dead way of using software, and that the vast majority of people using Bitcoin in a year or three will be using it via a web application or on their smart phone. That's half of the reason why I don't think improving the UI is a high priority right now (the other half is because I think solving wallet security and backup issues is critical).

...

RE: funding development: funding open source software projects is tricky; if done poorly you end up with a couple of paid developers and lots of disappointed unpaid former contributors who decide "I'm not gonna work if I'm not gonna get paid."

That said... stay tuned, and I'll say more when I can.

So, the conference is over, and nothing qualified as "major announcement"?
..or are you all silent until you transferred all pension and kids college funds to the exchanges..? :-p

Ente

It's the setup for a classic profit situation: Buy on Rumor, Sell on News.

I'm actually very surprised to see the bitcoin rate still at 11.95. For me this means that people with money at hands did not follow these rumors at all and the price has more solid reasons than stupid speculation. Anybody who's taking this thread seriously should have sold yesterday.

Why do you say that when the news hasn't been released yet?

Maybe the "major announcement" will end up being Jeff's work on speeding up the initial download of the block chain.

Appreciate the thought but (a) I.B.D. speed-up was the work of many people, not just me, and (b) it has already been stated in this thread (or linked to, I forget) that the announce is not some technical software feature found in the Satoshi reference client.

Maybe "major announcement" will be jgarzik's pybond merging with bitcoin.

I'm looking forward to the announcement on the 30th of September 23:59

He never said anything about it being this September.  

Was 0.7 the announcement?  I can't find anything "major" about it.  Am I missing something or is the announcement still pending?

Was 0.7 the announcement?  I can't find anything "major" about it.  Am I missing something or is the announcement still pending?

No.

Was 0.7 the announcement?

  I can't find anything "major" about it.  Am I missing something or is the announcement still pending?

Who wants to bet that the announcement will be delayed? http://betsofbitco.in/item?id=689

Even if not delayed this thread has so raised people's expectations that anything short of a government accepting Bitcoin for paying tax is going to be a disappointment. Whatever Gavin comes up with is bound to be met with lots of "oh, that's all?".

government accepting Bitcoin for paying tax".

Creating a secure payment protocol so I can tell people "send payment to gavinandresen@clearcoin.com" and be confident that I'll get the coins is very high on my priority list.

What do you guys think about this:

What do you guys think about this:

What do you guys think about this:

There will be squatters with addresses like gavinandressen@clearcion.com. I hope there is parity checking in this protocol.

Did they specify september 2012?

Did they specify september 2012?

There isn't going to be some earth shaking revelation coming in the near future in regard to Bitcoin.    

 ::)

The way the English language tends to work is if someone says something like "In September" and they say that in August, or earlier, then it is assumed they mean the September coming up, not the one next year or at some other point in time in the future.  Only if they mean some other September other than the one immediately coming up would they need to be more specific.   Unless Gavin is playing childish word games, like Matthew did to get out of his bet...  And I don't think he is, do you?  

And if you have read Gavin's words in this thread and elsewhere you should see that he regrets saying what he did and having it getting blown out of proportion like this... so settle down ffs and move on.   :D   There isn't going to be some earth shaking revelation coming in the near future in regard to Bitcoin.    

Should have been locked.

21 pages for a post discussing an article vaguely announcing that there will be an announcement.
Imagine how long this thread would be if some real information was given!

The only moderator action I would see fit is move it to speculation.

gavin the creator of the bitcoin client made the announcement

bitcoinqt 0.7

https://bitcointalk.org/index.php?topic=110243.0 (https://bitcointalk.org/index.php?topic=110243.0)

now the thread can be locked as it wasnt really a world changing announcement. but more like a reminder to everyone to update their client

With nothing to imagine or speculate, it would be seven posts long.

Wanna bet?

Wanna bet?

Wanna bet?

https://bitcointalk.org/index.php?topic=110243.msg1200028#msg1200028
No, and if you recall the specifics about were : "that should contribute some stability".

Still what is it ?

+1 for megaupload coming back soon but I think the target date is end of sept maybe oct.

Okay it is here. That was the MAJOR ANNOUNCEMENT.

Wanna bet?  :D

its the new client.. even gavin said new client updates would make transactions more stable. but the most stable version would be version 1 which is still a long way off.
https://bitcointalk.org/index.php?topic=110231.msg1208347#msg1208347 (https://bitcointalk.org/index.php?topic=110231.msg1208347#msg1208347)

its not about price stability. and this thread is about a quote from Gavin a bitcoin developer... not a trade/exchange site owner or webstore owner.. so its all to do with making the blockchain, transactions, etc more stable

No.

The September announcement is that they will make an announcement in October about an upcoming announcement in November.

FTFY

Y'all can stop speculating:
  https://bitcointalk.org/index.php?topic=113400

I won!  ;D Where's my prize?  ???

I won!  ;D Where's my prize?  ???

Y'all can stop speculating:
  https://bitcointalk.org/index.php?topic=113400

Oh c'mon !

Is this the great and mysterious news ? Why all the secrecy ?

Because of idiots.

Elaborate ?