Just to clarify this is a seriously joking thread.... I'm very curious as to What happens if there is mass solar flare that wipes out the data of every computer? Who cares about the banks(hehe) right? What about Meh Bitcoinz!? So we should find some ways to back it up (that are practical) in the event this happens. Keep on throwing out crazy idears!
But if you think about it, anything that bad would be the end of civilization. Bitcoins, dollars, gold,... anything but food will be useless. Let's make a GMO llama with the blockchain in his DNA! And, can we name him Satoshi? Please! wouldn't it have to be an aplaca?  |
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weird: can't seem to find "btcchina.com" exchange on bitcoincharts.com. where is it?
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I'm guessing it would be hard to arbitrage this because the chinese currency cannot easily be moved to gox?
So in essence, this wont pull the other markets up much, right?
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Or just wait here and re-record it in 47 years when it bounces off that... *whatever* sending our signals back.... http://www.rimmell.com/bbc/news.htmhaha, awesome. so all we need to do is broadcast the blockchain (and new blocks) via radio, prefferrably using that vhf band? |
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If we can print at 600 dpi and use 4 dots per bit, we can get it down to 1760 pages. Don't give up, protectors of the chain!
Edit: Omfg! If we can just print 256 colors faithfully this could fit in 8 pages. Lamination of the blockchain is imminent.
 or even better: encode it into a virus and spread! |
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I'm bad at naming things. I chose "hardware Bitcoin wallet" as a working title because it's direct. At one time I thought "Solidcoin" (solid: it's a solid device you can physically hold in your hand, coin: from Bitcoin) would be a good name, but that name's already taken. If you or anyone else can come up with a good name, I'll adopt it.
Solidcoin would indeed be a very poor choice. I suggest " mikey", following connotations: * usb key form factor * stores " my key" to my money * holds mikes (street name for a micro-btc) |
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Definitely an interesting concept. But before using any sort of embedded device to generate keys, I'd want some confidence in its random number generator. (I haven't looked at the hardware or code, and I don't have the expertise to evaluate its randomness even if I did.) But the research using EFF SSL data that indicates a lot of SSL certificates in the wild use bad random number generators, probably generated on embedded devices, makes me really hesitant to use an embedded device to generate my bitcoin keys without a lot of scrutiny. well, if the device has capability to restore a seed, you could also generate the seed somewhere else. |
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 http://www.youtube.com/watch?v=i-g2iGskFPEThe fact that many countries accept as a principle dollars being as good as gold for the payment of the differences existing for their advantage in the American balance of trade.
This very fact leads Americans to get into debt, and get into debt for free at the expense of other countires at least in part with dollars only they are allowed to emit.
Considering the serious consequences a crisis would have under such a system we think that measures must be taken in time to avoid it.
We consider necessary that international trade be established as it was before the great misfortunes of the world on an indisputable monetary base, one that does not bear the mark of any particular country.
Which base?
In truth, who can see, how one can have any real standard critereon, other than gold?
Spot-on, Misseur Gaulle. |
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(sorry, posted in wrong thread, will delete there)Nefario, I'm happy to see you used bootstrap. It makes the site so much more nice, thanks for that. However, I still have a suggestion for the order book on the asset pages:  I would really like to see my own orders on the asset page, maybe included in the public orderbook like seen in this image (first and last columns are volumes of my orders) I usually go to each assets page to see what's been happening. Next I have to back to the portfolio (main) page and look at both my "Buy Orders" and "Sell Orders", locate visually the orders I have and then go back again (keeping in MIND my own orders) to the assets page to make a decision on placing new orders. That's a bit cumbersome. How cool would it be to have a table like above example that show me my own orders (first and last columns) within the public order book of the asset? code used to produce above image: http://pastebin.com/ssfyfaje (html), http://pastebin.com/TTMBA74K (css)
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reagrding your special short-term update:
Similar to your "Reason b)", I've been suspecting a "conglomerate" of wealthy bitcoin players has come together and is trying to stabilize the price. I think it's been going on for longer than just since the bitcoinica problem, though. I also think the "target range" is being adjusted sometimes. It used to be "$5.0 +/- 0.20" and is now 5.00 to 5.20.
This is wild speculation, of course and this might be totally wrongThe only other explanation I can come up with for the astonishing stability since March would be a herd-effect with traders saying: "oh, ok, so it'll be around $5 now, so I'll just sell slighty above and buy slightly below". If enough money acts like that, it's self-fulfilling.
Of course the market cannot be manipulated in the long run (at least not against its general will: it might be possible to "stabilize" it into a certain trend and I would welcome that).
anyhow, thanks for the update, I think it's spot-on.
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If that business isn't here in 300 years can we sue? and what about laminating the paper and locking it in a (large) safe? wouldn't that last longer then digital data that is susceptible to EMI? what about sending it out to space as radio-waves and once we can travel faster than light, go ahead of it and record. |
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What am I missing?
the joke. |
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intersting! thanks for pointer. |
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The Three Marketeers unite! "Muppet armies: Let's roll."
The Dash for (Digital) Cash.  Personally I love metals for their shininess, but I would be afraid of alchemy’s millenia old dream coming true eventually. haha, interesting question: is it easier to make gold from lead or to reverse sha256? I honestly don't know. |
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achdukacke.
muss ich also mein echt boomendes geschäft aufgeben.
nix mehr mit bitcoins kaufen und verkaufen.
dammit.
Nur Bares ist Wahres |
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The new bitcoin weekly report is out to subscribers. "the calm before the storm"
End of month is nearing. If anyone is interested in a subscription, just PM me.
If you wear the correct goggles (intersangoGBP in this case), there is no calm:  fx markets in turmoil. If USDX (measures USD against other fiat) reverses (as it might've just started to do a couple of hours ago) and heads back down, bitcoin could go up consequently? Thanks for pointing out the movement in IntersangoGBP -- I take this to mean those Bitcoinica goons are actually going to make good by their customers... well, I had the same suspicion... For whatever reason whoever is buying there, I'm now the proud (hopefully temporary) owner of some GBP  |
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yup, then fear and panic caused the infamous bank runs and chaos (probably instigated).
Then the solution was presented, tadaaa: A central bank. The FED/EZB. It was meant to "regulate" the banks and the amount of money supply by being able to determine an authoritative key interest rate.
Today we know centralization is bad. It makes everything even worse. We have to go back and think of different solutions.
Guess a better solution would be some kind reinsurance system for banks against bank runs. Or they must take loans themselves from other banks in order to pay bank runners out. But what if there is a run on every bank? In my naive world view, every bank runner will be satisfied because most money is in circulation *somewhere*, it should be a zero sum game. Businesses that took loans use that money to pay their employees etc. There was never a need for creating money out of thin air by stretching balances.
+1 on emphasis above. Let the banks figure out insurance themselves (it's part of their business) and let the market judge how well they do it (transparency). Any problems with that approach? |
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The new bitcoin weekly report is out to subscribers. "the calm before the storm"
End of month is nearing. If anyone is interested in a subscription, just PM me.
If you wear the correct goggles (intersangoGBP in this case), there is no calm: fx markets in turmoil. If USDX (measures USD against other fiat) reverses (as it might've just started to do a couple of hours ago) and heads back down, bitcoin could go up consequently? |
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thanks for your cool post, Seal. Banking can be a good honest business as long they are careful. How can they be careful?
Well that is also simple. Ensure that you hold a high enough Cash Reserve Ratio and don't get greedy.
How do you ensure they hold a high enough Cash Reserve Ratio and don't get greedy, though? Well, that's also simple: by using fear (fear is stronger than greed): Remove lender of last resort bullshit and let the bank die in case it fucks up (no bailouts). Result: their depository customers (or their insurer) will demand higher reserve ratio (by fear of losing funds) and the bank will comply (by fear of death and competition). Entities can act quite responsibly exactly if they know they will suffer the consequences of their actions. (meaning they will not act responsibly if they don't have to suffer consequences) |
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