It's about #@$ time that he face justice. Let's see if his conspiracy theories can hold up in a court. It's one thing to spew out a lot of nonsense to fabricate a story, it's another thing to prove it. He has all the odds stacked up against him, if you compare him to Ross's case.

He should have left the sleeping dogs, but he just had to poke it, and now they are showing him their teeth. They will come down on him like a ton of bricks now.

He had loads of time to prepare for his defense, so let's see if he can protect himself against the biting dogs. Bring the popcorn, this will be fun to watch. ^HeH^

I will wait until it's tested and proven to be secure. Tor has been around for a long time, and most of the vulnerabilities has been exposed by it's huge user base. Who are the people behind this project, and how skilled and experienced are they to take on the likes of the hackers being contracted by these agencies to poke holes in this software?

I usually do not trust VPN's and believe them to be honey traps for these agencies. The only reason most people want to use them, are to hide some illegal actions anyway. The small percentage of people who use them to protect their privacy, is not worth the mention.

These VPN's also attract a lot of attention from these agencies, if they are found to be popular and not hackable. They will concentrate all efforts to hack it, and eventually they crack it, and everyone is exposed.   

The thing is, gold is being rated and priced according to it's rarity and it's proven not to be the case. They find new gold deposits on earth too, and the mining operations are getting better at extracting it. It has also been found on asteroids, with the possibility for it to be mined in the future.

I love gold, but it's impact on earth is devastating based on the damage that is done to extract it. The most damage is done, in areas that are very remote and poorly regulated. Lots of trees and plants are removed to excavate and animals are killed and water are polluted.

How many people have died in mining accidents? <shaft collapse / lung problems / mud slides / crime>
The cost of that average sized 4 bedroom house full of gold was huge. 

Most people will not have the skills, to know what is being done via their Wifi, and it's up to you to proof your innocence. To do this, they will have to fork out a lot of money to acquire the skilled people to do a forensic analysis that would stand up in court.

You are opening yourself up to a world of hurt, when you share your network with other people and you do not know what they are doing on your service. The article says, the user will be signing onto the service without a username and password, so how do they monitor the activity and actions of the visitors to your BitMesh?

It will be interesting to know, how they would implement this, but it's still a good idea. 

So they do know about Bitcoin, but they still do not want to accept it as a payment method for their products. I have been sending them emails for months to try and get them to be the first AV software company to accept Bitcoin as a payment method.

It's just natural for the hackers to target mobiles, because most people do not care to install AV software for their phones. I did a quick spot check, and only one of my friends have AV software installed on his phone. I asked 32 people. It's a huge opportunity for them, and most people use their mobiles, linked to many of their accounts.

Well micro transactions are perfect for a MeshNet, but how will they implement the liability? When you sign a contract with your service provider, you are responsible for the activity on that service. If someone tap into your service and use it for illegal actions, who would be held responsible for their actions?

When you link onto a Free Wifi network now, it needs some authentication for you to use it, so you are still identified on their network. It's a interesting concept, but it still needs some brainstorming. I do not want to go to jail for someone doing #@%$ on my service.  

In this situation I cannot see that they would be going the Open source route. It would be much more secure if they make it totally proprietary and private. They can steal all the good properties of the protocol and achieve the same result, without public participation.

The whole system could run within their private VPN to add more security and they could have a global network running that host a decentralized ledger for security purposes. Hacking and backups could be less of a problem, if they implement it in that way.

There is space for both, but is there enough room for growth? You cannot have a commodity with no growth, it will simply grow smaller and die. One commodity must loose market share for the other to grow.
The Bitcoin supporters wants more people to invest in Bitcoin, for their investment to show a profit, and the same goes for the people who invest in gold.

For Bitcoin to crush gold, something must happen to the gold market or people invested in other commodities must trust Bitcoin more than gold. Will that happen? Nope <People trusted gold for many centuries as a safe haven>

If sha-256 is cracked by quantum computers, everything running on that would be compromised too. This includes all credit cards and most secure sites on the internet using SSH technology. They could also just upgrade to a better and more secure algorithm - sha-512 or whatever.

I am not a security expert, but I have read the information and understand the basics of the theory behind it. This has also been discussed before, and everyone agree that this is not an issue at all. Bitcoin is very flexible and the algorithms behind it is very robust.

Bring on the quantum computers, and see if they can do what no super computer have been able to do, up to this date. The mathematical calculations to crack a private key is staggering and beyond the combined computer power of all the computers on this planet.   

I think the idea is to have a decentralized ledger system between different banks, but within the same group. They already have enough computers in all their branches to host nodes. They plan to have a private ledger system without a token.

Miners are rewarded by Bitcoins, but this ledger system needs no rewards. It's a reward on it's own, because it saves the banks millions. They can use one system/ledger to carry more than one function. It can also be adapted to carry a token for money transfers between banks. 

I had a dream, and then I woke up, and the reality was Satoshi Nakamoto invented Bitcoin. I have been searching for a long time, for a alternative form of payment for the internet. Bitcoin has made this dream come true in a big way!
My next dream will be for the many people out there, who have had bad experiences with the traditional payment methods to hear about this wonderful technology.

Most of us living in the developed world, cannot grasp the concept of having no bank account. We accept this as the norm. We also earn a above average global wage and cannot see what a huge difference lower fee's and micro payments can bring to the people who do not have that.

Make my dream, your dream today!

I am glad to say, my kids reaction was very positive. They started to experiment with it and bought things online and
when I introduced a few games to them, where they could win BTC, it spread like wildfire in their school. I think it was CoinFlapper or something.

The kids play head to head against each other for BTC and they are enjoying it. The kids are not interested in the technology, but the reward they get from it. Things like games and faucets are a valuable tool to get the message to them, in a way they want to understand it.

You kind of missed the point of him saying .... "people will feel sooooo stupid...." He meant, that they will feel stupid, when they realize they spoke against Bitcoin, not knowing it's huge potential and when it goes mainstream, they would have missed out on a big chance to make a lot of money or to have had the early advantage to invest in it's potential.

I am collecting names of people, I want to go back to when this happens. Just to rub it in their smug faces for being so dumb, when they bashed me for believing in it's potential and investing in it. ^HeH^

The bigger corporations are actually different banks operating under a group of banks. They can do corporate audits from their head office, if all banks use the same network or blockchain type technology. They can also distribute smart contracts and verify it's authenticity within their own network.

I doubt if they are going to use the blockchain we are using for Bitcoin, it's more secure and transactions will be more anonymous, if they develop this technology within their own group.

We will not benefit from this new technology, but it will save them millions of dollars and that would go straight to the pockets of the shareholders. We will pay for the development of this technology, but we will not see a return on that investment or lower fee's. ^Hmf^ 

The whole site do not need to be Open source, only the lottery generator. I like the way Bustabit or the old MoneyPot game are doing it. They have a transparent process to determine the fairness of the result of every game. They post this in public for scrutiny and testing, and everyone is happy and the site runs 100% without people judging it's fairness.

Every draw should be in real time, and instant like these Bustabit games. < https://www.bustabit.com/ >

The "engine" is posted in public, here : https://github.com/moneypot/bustabit-gameserver/blob/master/server/lib.js#L146-L158

 

The Lottery system must be 100% open source, and logs must be kept of all draws. It must be fully transparent and instant. The information {input data} must be available to everyone, to check if their lottery tickets was entered into the draw. Some sites hide this data, and create shill accounts, and then configure the draw to enable them to channel the winnings back to them.

All information must be public. The software must be Open source to determine if it can be rigged. This software must also have a verifiable version check built into it, to verify if the software being published are the same as the software being used to run the Lottery.

There are so many loopholes to f#$% people over with a lottery, it's not even funny. It's no wonder people do not want to participate in it anymore.   

Live instant draws are not a option, it must be a de facto standard, and it must be tested to be provably fair. Too many sites say <Provably Fair>, but they are far from it. It's just a popular label, being swapped around like a cheap second hand car.

Wide distribution means nothing, if it's not backed up by a value added chain of merchants and vendors accepting it for goods. I compare this to a class of 1st graders exchanging marbles. Lots of them have it but it has no value, other than trading it amongst each other.

If the school canteen or shop starts accepting it for goods, the value will increase and the demand will rise, if there are a limited supply.

Most of these Alt's are being converted to BTC and then into fiat anyway. So there are no real value in keeping them, if they are not used to buy things from merchants and vendors to stimulate an economy. You will have some pre-mined coins being hoarded to increase it value {fake rarity} and then you will see a sudden dump.

If you have a day time job, you can make Bitcoin your night time job. Most people I know, have to do 2 or more jobs to pay for the debt they accumulated over time. They are the small little rat, running in the wheel, going nowhere.
Use your extra Bitcoin income to pay for your debt, and once you are debt-free, you might consider such drastic options.

If your day time job is flexible and can transition to Bitcoin very quickly, like for example Blog writers or Casino operators etc. then only can you consider such options.

I would like to work in the Crypto currency scene on a full time basis, because I am bored with my current job, BUT it does not pay near enough for me to do that.     

When the going gets tough, people tend to run to gold as a safe haven. If this is true, why does the gold price go down? I have not heard of any new large deposits that have been found, so why would we see such a bad price for gold?
People are definitely not running towards Bitcoin, and the markets does not show any huge spikes in any of the other commodities, so something must be going on.

I think this is the beginning stages of a possible world recession. 

It's not all Doom and Gloom in the world of Bitcoin. When you were around, the regulations were a mere rumour, now it's a reality.
Banks and other financial institutions ignored Bitcoin, and now they are investing into the Blockchain.
Bitcoin/Blockchain topped the VC investment charts, for being the best technology to invest in.

Things are looking very bright on the adoption and transaction volumes too.

The other things like Silkroad and the transaction spamming is just a little bump in the road. We have seen a lot worse and we are still around.