Why can't you just give the paper a more honest title? This isn't like Borat, where "the more offensive the better". Calling your work "the second Bitcoin whitepaper" is an act of academic dishonesty, an act of fraud, no matter where you're invited to speak, and for the most part, no matter what's in it.
Bitcoin is revolutionary because it brings convenient honest money to a world where there is none. If you want to follow in Satoshi's footsteps, don't do it with a fraud.
The title honestly reflects the ambition and aim of what I'm trying to do (outline the next big set of changes in bitcoin design and function). If you say the document falls short of that ambition, I will not argue with you about that - you are probably right. I sincerely hope someone else can do better, as I would like to invest in whatever IS next for bitcoin! |
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Back to the bet, I don't like the fact that you promote essentially spamming the block chain with gold, USD and oil currency transactions.
I personally think that anything that transfers value from one person to another and pays an appropriate transaction fee is not spam. There are others who feel differently, but I don't really see any way to enforce a ban on transactions like that. The alternative is to create a new block chain, and I'd much rather build on top of bitcoin than compete with it. |
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Regarding how a currency based on bitcoin can track an external value, that is what I wrote my paper about (see my sig).
I am prejudiced against anything in the document you link to in your signature because I consider the title you have given to this document to be highly offensive. This proposal purports with its title to be similar in importance to Satoshi's whitepaper, without being accompanied by extraordinary groundbreaking ideas that are as revolutionary today as Satoshi's paper was when published. I view it as a display of complete disregard for the core ideas that underpin Bitcoin, and a reckless disregard for academic honesty. I can barely get past the title and into the introduction. If the purpose of a whitepaper is to solicit respect for an idea, but yours expresses a total disregard for the most meritorious jewel of this whole project by invoking it just to attract attention, why should I assume that the content is somehow going to be deserving of my respect? Your paper deserves no more respect than a telemarketer who calls to say "your spouse had a car accident and is in the hospital... just kidding... but how would you like to switch to us and save 15% on your auto insurance?" The notion that your paper is important because it's a "second" whitepaper after Satoshi's is nothing less than total kidney punch fraud. I refuse to do anything more than skim it. In the case I am somehow mistaken and the content of the paper truly is revolutionary, the community should bestow the honor of elevating this paper up there with Satoshi's paper, not you as its author. So long as its title is what it is, it is worthy of nothing more than my virtual spit. You instead should get a BIP number assigned to it (using the process described in BIP 1), and refer to it as BIP (yournumberhere), with a title that is relevant to the paper's content. Or, you can skip the BIP route, in which case you should go ahead and make up a new title for your paper that references your ideas as presented in your paper, rather than referring to Satoshi's.
I am prejudiced against anything in the document you link to in your signature because I consider the title you have given to this document to be highly offensive.
So much, this. I'm so glad we are agreed! I also find my paper and its title highly offensive. It is well worth any scorn that can be heaped upon it. Someday I hope someone will write a paper more worthy of such a title, but I've been waiting a long time for that. In the meantime, you can make some easy money by betting that the ideas in it are not revolutionary (the bet which started this thread). You certainly don't need to read it, since one can tell just from the title that it is not to be taken seriously. Alternately, I will be on a panel about the "Future of Bitcoin" at the conference in San Jose in May (clearly the organizers did not read my paper either). That would be a priceless opportunity to turn virtual spit into the real thing! |
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Regarding how a currency based on bitcoin can track an external value, that is what I wrote my paper about (see my sig).
Regarding the law, I expect that it would not be illegal to issue coins which track commodities like gold and oil. You might get in trouble releasing a virtual currency tracking dollars or euros, but I bet people will still do it anonymously.
I recently won a bet, and put most of my winnings on the "Agree" side of this. If you disagree with me, put your bitcoins where your mouth is!
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We just announced our list of panelists, speakers, and topics for Bitcoin 2013. You can check it out on the conference website: www.bitcoin2013.com Register before March 15 to get early bird pricing - we hope to see you there! Since Gavin is at the top and I'm at the bottom I assumed at first that the list was in order of importance, then I realized that it was alphabetical by last name  |
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http://betsofbitco.in/item?id=1210Gold, Oil, and U.S. Dollars will be stored in the bitcoin blockchain by 2015This statement will be regarded as true if before January 1st, 2015 it is possible to buy, sell, trade, and spend virtual currencies which track the value of gold, oil, and U.S. Dollars, with the record of these transactions stored in the primary bitcoin block chain. The end user must be able to purchase and trade these currencies using distributed software (without requiring a centralized exchange). Additionally, for the last 28 days of 2014 (after the bet deadline), some such examples of gold, oil, and U.S. Dollars must demonstrate the ability to maintain their target values by not deviating by more than 10% from their face value for more than 3 consecutive days. That is, a deviation of more than 10% must be corrected within 3 days. Whether such a deviation occurred will be determined by site administrators using their best understanding and whatever tools are available at that time. There are currently software developers working towards these (and similar) goals (see notes below). Will they succeed? You decide! * http://www.Bitcoinx.org is working on a decentralized exchange for "colored coins", but there is doubt as to whether such coins will maintain their nominal face values when pegged to commodities and currencies. * "The Second Bitcoin Whitepaper" ( https://sites.google.com/site/2ndbtcwpaper/2ndBitcoinWhitepaper.pdf) describes an elaborate scheme which is aimed at creating virtual currencies which if successful would meet the requirements of this bet, but there hasn't been any evidence of work on that project since the paper was published. I started this bet, because I believe it will happen. Already, some people have bet against me, which I just realized is essentially creating a bounty for me to work on my own project!
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Well, the purple line fit pretty well in mid 2011 too:
Yes, hindsight is 20/20 with things like this. People in 2011 had a decent argument that they weren't in a bubble too. I'm sure in a couple years there will be a much better approximation function. Imagine the insanity if we are in a correction back to the purple line! |
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it also is nicely approximated by a linear graph on log scale; can you calc average deviation for this and linear graphs? Maybe starting at July 2010, since there was no real exchange before then.
Sure, why not? There are only a couple data points before July 2010, so they don't really affect Excel's fitting function very much.  Excel says R-Squared for the Exp function (= 0.010044939004803*EXP(0.005412898222163*X)) is 0.6990; for the power function, R-Squared is 0.7728 Either way, the 2011 bubble stands out like a sore thumb, and today's prices seem quite reasonable. If we see $200 bitcoins before this summer, that would be a bubble of roughly the same magnitude as 2011, not that I would sell my bitcoins |
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 Bitcoin growth has always been on a logarithmic scale. 2011 was a bubble. This is not. I got the graph above taking as many price points as I could find back towards the genesis block. The power function was suggested by Excel, and is "= 4.41877086088824E-17*(X^5.59806919936792)" where X is days since the Genesis Block. Past performance does not guarantee anything, of course, but I think the current price is just about right. |
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Through a bit of absurd luck, I managed to sell 5 BTC on Tradehill for $34 at the peak of the previous bubble.
It wasn't on Mt Gox, so maybe it doesn't count, but for me at least the mental milestone is $34.
Incidentally, I didn't enjoy selling at $34 - I was just paying some mining expenses, not trying to time the top of the bubble. I believe that the buyer of those 5 BTC made a fantastic investment if they are holding them for the long term.
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I'm really looking forward to seeing what comes out of this. Colored coins are a big step in the right direction for bitcoin. My dream is to someday hold oil, gold, and stable currencies in my bitcoin wallet. I probably won't buy colored coins yet (since you currently have to trust a third party to correct price divergences when the market doesn't), but I expect that self-correcting currencies aren't far behind (I think they will work something like this: https://sites.google.com/site/2ndbtcwpaper/2ndBitcoinWhitepaper.pdf). |
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I just paid my $250 early-bird registration. I have no idea what activities and speakers I paid $250 for, or why they asked me about dietary restrictions, but this is the first bitcoin conference in the U.S., and I wouldn't miss it! The official thread is here: https://bitcointalk.org/index.php?topic=135407.0 |
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My first bitcoin purchase through coinbase just completed today. Very nice.
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Here's the official thread: https://bitcointalk.org/index.php?topic=135407.0I'm registered, although I have no idea what activities and speakers I paid $250 for, or why they asked me about dietary restrictions, but this is the first bitcoin conference in the U.S., and I wouldn't miss it! |
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I registered! I have no idea what activities and speakers I paid $250 for, or why they asked me about dietary restrictions, but this is the first bitcoin conference in the U.S., and I wouldn't miss it! Here's some additional info from another thread: Hi everyone, Apologies for neglecting the forum in an *official* announcement. I've started an announcement thread and I will try to answer some of the questions you've posted: Who is running it? The Bitcoin Foundation Is it just going to be panels, or will there be individual speakers, breakout rooms, etc? There will be keynote speakers and panels, and we are also encouraging attendees to self-form panels or suggest topics. Yes, the panel discussions will be similar in format to the video referenced. To make a request to be a panelist or speaker, submit your information through the conference website Panelists page: http://www.bitcoin2013.com/panelists.htmlIf I go to the website, there is only a submission form to be part of a panel discussion (worthless, imho). Where do I submit a paper or sign up to give a talk? As noted on the site, if you are interested in presenting on a different topic, you should submit a request through the Panelists page as well - please choose "Other" under "Panel Topic" when making your request. If you want to submit a paper, make a note of that in your request. BTW, the website makes no mention of conference ticket cost. We are working on getting attendee registration up and running - it should be available in the next couple of weeks, at which point we'll publish the ticket cost. You can submit your name and email on the site ( www.bitcoin2013.com) to be notified when attendee registration is available. If I am cost-conscience, are there any hotels available cheaper than those with "blocks" allocated to the conference? You are welcome to look into other options, but those are the official room blocks available. The four hotels offered are closest to the convention center. Will the discussions/talks be record with quality cameras...? As an A/V technician, professionally, I handle a lot of events like this. As a Bitcoin Foundation member, I will be attending with some solid HD gear. All I would request is for a good spot in the back and a direct XLR connection to the mix for high quality sound. I'm also a Newtek Certified presenter, and can run a TriCaster 8000 if we want to do this thing live over livestream.com to the world, which can simultaneously integrate live social media streams. ...announcing that everything will be livestreamed for free could be counterproductive, as it would reduce the incentive for people to fly in and attend. We are definitely interested in recording the panels. As previously mentioned on this thread, livestreaming would reduce the number of people who would come to the event, and we see a lot of value in those in-person interactions. At this point, it's not something we're planning. If we're able to record, however, we'll definitely post the videos after the event. We are looking into costs of recording, etc. thefiniteidea, thanks for volunteering to help us - I'll be in touch to discuss further. will reliable WiFi access be available in the events room(s)? Yes, absolutely. We are working with the onsite communications team to have wifi available throughout the entire event. Let me know if I missed anything. Thanks for all your input! |
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San Jose?! That's actually a location I could attend!
I'll be watching this thread with great interest.
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I was thinking about getting a ring for my right hand, and after looking at a few designs, I realized that what I REALLY wanted was a bitcoin ring. I googled "bitcoin ring", found this thread, and ordered the 2nd generation design in stainless steel. It only cost me ~$25 (including shipping), which isn't that much more than other rings I was looking at. Best of all, I didn't have to spend any of my precious bitcoins to get it It's supposed to ship by December 31st. |
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I used that list of top forum topics every day. That was the most valuable thing they had. The original site owner was phelix, and he had a thread about the top forum topics here: https://bitcointalk.org/index.php?topic=34397.0I'll send him a PM asking him how to get ahold of the new site owners. |
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