|
that talk Jeffries did a few months back was lame and demonstrated a weak understanding of Bitcoin as a whole.
the Bitcoin White Paper was equally lame.
the combination of these two is lamer.
|
|
|
|
great! reading it right now.
don't assume just because we find some errors in it the work is not excellent. you face some of the most critically thinking individuals here.
Yes, I'm aware of that. Thanks to such scrutiny I'll be able to write some small follow up to my thesis explaining what things I got wrong in it, to allow future readers not to make the same mistakes. Is this research for your doctoral dissertation: Study in social engineering - willingness of users to download and use a file format with a history of multiple security exploits and remote code execution vulnerabilities onto their personal computers containing digital currencies?
Hmm, sounds interesting. But sadly, no, I'm not that smart to pull some stunt like that off;). Heck, I didn't even know there were any problems like that with PDFs... Apparently Polish universities consider Master's theses on actual content and not just weight as American universities do. Less than 100 pages with citations? You got off easy there! I had to cough up 312 pages for "Comparative Models of Worker Housing - Failure in the American Entitlement Model of Subsidized Housing". And I'm guessing you have had at least 20X the readers that I have had in 30 years less time.
Well done, Scholar.
Ouch, that is a bit harsh. I think there might be even be some amount of pages here that is considered too much, and that would be about 100. After that the reviewers might scowl (although there is no strict formal limit of pages). Heck, when I was writing my bachelor's thesis on an erasmus exchange in UK and then used it again in my polish university, I had to increase my page count from 46 to 54 with just some basic theory (also removing all project management pages). It might be due to the fact that for a long while getting a master's degree over here was considered a standard for a lot of people - I think the bachelor's degrees have been introduced not long ago, before that it was either master's or getting some work education. So I doubt too many people would be getting that degree if it took so much effort, while in other countries it might be considered more uncommon, thus requiring more work. i finished it yesterday. well done. learned alot about the various attacks possible. i'm not sure there's another work out there as complete as yours.  |
|
|
|
Get ready!  You're talking about bitcoin, right? No. |
|
|
|
Get ready! |
|
|
|
|
Update emailed:
Strategy into FOMC
|
|
|
|
that WAS funny |
|
|
|
|
Update emailed:
We're close.
|
|
|
|
|
Update emailed:
Newsletter #26
|
|
|
|
Nice reply Vladimir. just out of curiosity, do you have any blogs or books to recommend ? I'd like to learn more about matters like these. The way I have learned it works is that if a bank running a fractional reserve is having a bank run, they will turn to the governmental controlled banks to have more money transferred, so they can cope with all the withdrawals, but could not a state bank just print digital money out of thin air to cope with the demand for withdrawals ?
Let me put it this way. Banks create money not out of the thin air. They create money out of yours and mine signatures on the mortgage applications and on credit card applications and on loan applications etc... Now, when you an I tell the bank to go and take a hike because we gonna default, the money created out of those signatures are magically disappearing. What do you think central banks were so busy with lately? Yep they were busy resigning all those debt applications which went bad into their own name. This process has been called many names TARP, QE1, QE2, QE3 etc.... [..snip..] if you want to learn about the concepts of deflation, i talk about this alot in my sub service. |
|
|
|
Armory works on Windows XP 32-bit! Hell yeah!
That is all. (32-bit .msi files coming soon)
EDIT: Except I just noticed loading is slow as molasses... 3 min on my WinXP VM! why does Windows hate me?
when will beta 0.8 come out? |
|
|
|
the only reason i bring up the distinction btwn cryptography and hashing is for what i believe are public perception issues.
to me, the more we can describe Bitcoin as being based on "mathematics", which more aligns with the broader concept of hashing, the better it will be perceived, as opposed to being based on "cryptography" which is not only hard to understand but possibly convey a negative perception as if we have something to hide.
my two cents.
Cryptography is mathematics. Even if "cryptography" is assumed to mean "encryption", the public should be well aware of the important role of encryption in online commerce and banking. sure. but when you're explaining how Bitcoin works to an average Joe, its much simpler to say it it based on math where 2+2 always equals 4. try explaining it using "cryptography". the discussion all of a sudden gets way more complicated to the point of the listener giving up. |
|
|
|
|
the only reason i bring up the distinction btwn cryptography and hashing is for what i believe are public perception issues.
to me, the more we can describe Bitcoin as being based on "mathematics", which more aligns with the broader concept of hashing, the better it will be perceived, as opposed to being based on "cryptography" which is not only hard to understand but possibly convey a negative perception as if we have something to hide.
my two cents.
|
|
|
|
|
1. TraderTimm's reference is from 2010. assuming a linear adoption for the masses btwn 2000-2010 you can increase that population # by at least 20%. but it's probably higher than that assuming exponential increases of internet usage.
2. 49% of the population, if true, sounds pretty high, not low, to me. that's still alot of ppl so to my mind it's more a matter of awareness than access.
3. this is where a Bitcoincard.org solution would flourish. those who do have internet connections could plug in their gateway transmitters and let the masses walk by with their cards.
4. lets not confuse ease of use of today's clients with difficulties in understanding the Bitcoin protocols. i think modern day clients are pretty easy.
|
|
|
|
|
you can run MultiBit from a USB stick.
|
|
|
|
in the very first paragraph i find something i would've stated differently:
"It relies on cryptographic algorithms in order to prevent abuse of the system."
shouldn't it say "...cryptographic and hashing algorithms..."?
i'm not an academic in this particular area so correct me if i'm wrong.
"Cryptography" is a general field encompassing encryption, digital signatures, hashing and more. my turn to nitpick. he used a small "c". "Cryptography" isn't capitalized when in the middle of a sentence. hmmm, this is confusing. "Hash functions" can also be defined as a broad category with "cryptographic hashing functions" as a subset. http://en.wikipedia.org/wiki/Hash_functionif you use "Cryptography" as you defined it, i would think you'd capitalize it even in the middle of a sentence. even more confusing is that in my discussions with theymos, as well as has been commented here on this forum by several prominent members, it's been said that Bitcoin does not rely on "encryption" per se. i always understood this to mean that the SHA-256 hashing algorithm effectively makes miners "guess" at the target solution which reduces the process down to mathematical probabilities vs. certain miners having insider information, ie, a "cryptographic key solution". this is what makes Bitcoin "fair" to the masses that care to mine, like me, and would be analogous to the lotteries run by States. even the little guys line up around the block to buy their tickets despite knowing that larger players can buy up huge numbers of tickets for the ultimate prize. at least they have an equal chance on a ticket by ticket basis. |
|
|
|
|
seriously? how low in cost can a cheap Android smartphone go?
or at least get them to use Coinapult...
|
|
|
|
in the very first paragraph i find something i would've stated differently:
"It relies on cryptographic algorithms in order to prevent abuse of the system."
shouldn't it say "...cryptographic and hashing algorithms..."?
i'm not an academic in this particular area so correct me if i'm wrong.
"Cryptography" is a general field encompassing encryption, digital signatures, hashing and more. my turn to nitpick. he used a small "c". |
|
|
|
|
in the very first paragraph i find something i would've stated differently:
"It relies on cryptographic algorithms in order to prevent abuse of the system."
shouldn't it say "...cryptographic and hashing algorithms..."?
i'm not an academic in this particular area so correct me if i'm wrong.
|
|
|
|
|
Show Posts
