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1561  Bitcoin / Bitcoin Discussion / Re: Cracking the Code on: November 30, 2013, 01:20:56 AM
AnonyMint doesn't understand how blockchain forking works, and that it creates two distinct currencies instead of one you can double spend. He doesn't understand that invalid blockchains can't include blocks from valid ones, or the other way around, because they are chains with each block needing to reference the prior block. He doesn't understand that clients and nodes enforce Bitcoin rules, not miners, and clients don't care which chain is the longest if the longest is invalid. He also doesn't understand the difference between offchain and onchain transactions, or any of the economics around transaction fees, believing that once block rewards go away, transaction fees will go to zero. He's a newbie, still not understanding a lot about Bitcoin, but he is a loud and obnoxious newbie who, while is impossible to argue with, nevertheless is spreading a lot of useless and incorrect FUD around the forums, which may scare away other newbies. He also loves to hear himself talk, posting all over the forum, linking to his posts in other threads every chance he gets, and even quoting his own posts to reply to himself.

I suggest instead of continuing to allow him to fill thread after thread with his nonsense and continuously burry rebuttals to his idiocy under more FUD, that people simply reply that AnonyMint doesn't understand the system, is wrong, and that others should just ignore him.
1562  Economy / Services / Re: Bitcoin 100: Developed Specifically for Non-Profits on: November 29, 2013, 03:08:03 PM
People screwing up my vacation, too  Tongue

Quote
From: Louise
> Hi Rassah,
>
> The official name for my charity is DREAM OUT LOUD PRODUCTIONS (DOL) EIN 05-0581165 www.dolfilms.org we produce documentaries.
> After my last documentary Angels in the Dust (#2 on Netflix) I created a second charity to work under the DOL umbrella; called
> THE DO Ubuntu Orphan Bracelet Campaign www.orphanbracelet.org we would love to stop paying high fees to Network for Good and Paypal.
>
> Is it possible to become one of your sponsored charities?
>
> Your help would be greatly appreciated!
>
> Thank you,
> Louise

Quote
Hi,
I know of an NPO called Life Line Association that resides in Israel.
They are working on improving the quality of life and saving lives in Israel, mostly for people with rare diseases or complications looking for help to afford costly medical treatments.
A couple of friends of mine have a son with Canavan's disease, a genetic disease affecting the brain similarly to multiple sclerosis but starts in the womb and progressing much more quickly.
I'd like to help them and the NPO they're getting donations from to accept bitcoins.
I'm a developer so I can help them technically and I would like to donate about 0.5 BTC from my own wallet.
Thanks,
David K.
1563  Bitcoin / Bitcoin Discussion / Re: Bitcoin Omega Scholarship on: November 29, 2013, 02:56:33 PM
I am wondering if it would be more productive to spend the money on a tablet that has access to the internet, Wikipedia, and KhanAcademy, as well as a Bitcoin wallet, instead of on tuition?
1564  Other / Beginners & Help / Re: will the bitcoin reach $1000 one day...? on: November 29, 2013, 04:28:39 AM
I said forcibly broken, I was not referring to anyone supporting it. Government control, corrupted bitcoin foundation, corporatisation of the network. The utopian dreams of satoshi hippies will not go on forever, it's my view that the ceiling will be removed far sooner than anyone anticipates.

Just a hunch, nothing more Wink

In order to break the 21 million limit, all users and miners would have to agree to switch to the new fork.  If only one country forces everyone to switch, the blocks they mine will be rejected by all other wallets and all other miners, making their currency into an altcoin that isn't part of the bitcoin system. Even if most countries switch, and some small country with a few miners remains, that small country will still be the only one running and mining Bitcoin, while the rest of the world will fork off.

So, basically, the only way to break the 21 mil limit is to create an altcoin, which we already have many of.
1565  Other / Politics & Society / Re: Will bitcoin = public sector workers rioting?? on: November 29, 2013, 04:08:21 AM
VAT and sales taxes can, and will, be avoided more and more as it becomes easier to order stuff from abroad. Anonymous site, existing in a neighboring country with or without VAT, selling for Bitcoin so there is no way to tell where it is, stop the payments, or track that a payment was sent across the border, delivering products in plain brown package for much cheaper than the VAT paying local businesses.

Public sector worker money won't become worthless just because of lowered tax revenues. Government and private debt is continuing to grow, with no plans to stop. That can't just go on for ever without either a huge default, or a huge inflating away of the debt, both of which result in currency value decreasing dramatically.

Movies taught me that the best way to escape a zombie apocalypse is to move to an island. I'm thinking of Dominica. Anyone else want to join me, or have other islands to consider?
1566  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Dystopian Future on: November 29, 2013, 03:55:57 AM
There is going to be widespread rioting and looting by public sector workers as the dollar and other fiat dries up. I posted about it here: https://bitcointalk.org/index.php?topic=350490

Be ready for the zombies (public sector employees)!!

Movies taught me that the best way to escape a zombie apocalypse is to move to an island. I'm thinking of Dominica. Anyone else want to join me, or have other islands to consider?
1567  Economy / Services / Re: Bitcoin 100: Developed Specifically for Non-Profits on: November 29, 2013, 03:52:45 AM
Agreed. We are not hurting for money. It is up to you which address you wish to donate to. I guess keeping it in your own gives you extra bragging rights about how much you yourself donated  Grin
1568  Economy / Economics / Re: Do you really believe in bitcoin as a currency? on: November 29, 2013, 03:49:35 AM
The block propagation time is already 4.5 seconds (I don't know why they took down that linked page, I had discussed in depth a solution to selfish-mining attack on that page). As you may know the equation for orphan rate depends on block propagation time, and  500MB block sizes will increase that propagation delay.

Any way, that "coming" (we can't be sure the vested interests of mining will accept it) fix doesn't fix the fact that transaction fees in Bitcoin are always rising nominally or the relative security must implode, but debit card payments I believe have a fixed fee in some cases (not percentage). Bitcoin devs propose lowering the fee, to counter-act this effect, but the transaction fee is a market rate and it appears to me it will be a Spiraling Fee.

Yeah, uh, don't listen to this guy. He just found out about Bitcoin very recently,  claims to have read most of the forum, and has made a decision that Bitcoin is a scam, which he is so convinced of that he refuses to even consider any conflicting evidence. That, plus he is convinced that he is a super genius who is much smarter than you, so anything you say to him is automatically stupid and wrong.

If you want to read the definitive authoritative explanation is scalability, by the developers who actually know what's what, read this https://en.bitcoin.it/wiki/Scalability

As for the block size and transaction costs, those will be allowed to float, and will stay low enough to be cheap, but will still be high enough from increased transaction frequency to keep the system secure (instead of 7 transactions a second paying $0.05 each, we'll have 1000 transactions a second paying Ē0.001 each, or something like that). The question of whether transactions will be high enough, or spiral towards zero, was thoroughly discussed over two years ago, and the conclusion was that there are a few ways for miners to compete on transaction costs that keep them above 0, and keep Bitcoin secure.
1569  Economy / Games and rounds / Re: The Great Bitfie Giveaway: 1 lucky winner WILL win entire wallet. Seeded w/$100. on: November 29, 2013, 03:28:39 AM
FYI, since I am a tresurie, I will not be a bettie to avoid conflictie of interestie.

-- Rassie
1570  Bitcoin / Meetups / Re: announcement: the international "when-bitcoin-reaches 1000,- $ party" on: November 29, 2013, 01:25:02 AM
Give the job to Kuzco (one of my alpaca), he can handle it.

Bring him to the party. It's not a Bitcoin party without an alpaca present.
1571  Economy / Services / Re: Introducing the Bitcoin100 on: November 28, 2013, 01:49:37 PM
Hi. If you would like us to hold and manage your pledge, and limit it to some specific amount in USD per specific charity, I can do that, but I can't hold it in anything other than BTC. I can just hold it in a separate bitcoin address to make it easier to track. You are free to ask for your money, or any portion of it, back at any time, if, for example, your $5k donation ends up being worth way more than combined $30k. The money I hold on behalf of Bitcoin100 are pledges in my care, not donations we claim ownership to as soon as they hit our address.
I'm fine if you prefer holding the donation in BTCs so long as you distribute it equally among the next 50 Bitcoin-100 donations.
For example, if I send you for instance 6.05 BTCs (current exchange rate at Bitstamp is ~826 USD/BTC), each of the next 50 charities should receive 0.121 BTC from this fund regardless of the going rate at the moment. Of course, if 0.121 BTC ends up being worth more than the 1000 USD target at some point, you can report the fund in excess of 1000 USD toward subsequence donations.

Can you please confirm the address where I should send the funds?

Address created specifically for you:

1freeqFvjmdcSFtZvwkqqLGS6Z3Qmwwur

Just as a reminder for public disclosure purposes, the list of BTC100 managed addresses are:

1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac
1teukon65TktBqPs8Vn9ZPaU8Es8r1ktD
1gsanY2GmH1ZpD335xmCzrajszVGK1fjQ
1MemDea11r2FMTPXq2sgnRsq7azd9V4tK4
1572  Economy / Exchanges / Re: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE on: November 28, 2013, 01:25:23 PM
Also, I hope no charities that help disabled children come to you for vetting.

Sorry to disappoint you, but they already asked, were vetted, and were paid.

Quote
The "Bitcoins not Bombs" people say they want to end governments by using Bitcoin .... yet they want something done about sexual harassment at conferences.

This part doesn't require government. Just an established policy and willingness of conference organizers to enforce it.
1573  Economy / Economics / Re: Distribution of bitcoin wealth by owner on: November 28, 2013, 01:00:07 AM
Adverse - preventing success or development; harmful; unfavorable.

Risk adverse - preventing success of risk... Um...  Huh Did AnonyMint mean risk averse?

As a large holder and/or someone who knows large holders very well, I can tell you that rpietila is correct. We don't like altcoins, and are boycotting them. I don't know other's reasons, but my personal one range from wanting to secure my position and seeing altcoins as a that, to being risk averse with my wealth, and believing altcoins are much much more risky than Bitcoin. I don't need to speculate on currency that may crash and disappear within a month, since I already have a money position, so I see people investing in altcoins as wishful "me too" types who think they missed out on being early adopters.

Mostly, I just haven't seen any benefits in any other altcoins. I own Namecoins, but only for the purposes of buying and managing domain names.
1574  Economy / Economics / Re: Are terms pyramid scheme and ponzi scheme misused? on: November 27, 2013, 06:00:34 AM
Oh! I thought by "society" you meant "society," as in the socialism-voting middle to lower class, not the wealthy elite who will likely be one of the first to move their money into bitcoin, and out of the reach of money-grubbing government. You know, the one that relies on its money-grubbing to pay for things like big guns and winter-causing nuclear weapons. Plus no amount of big guns or nukes can decrypt a password or a private key.   Smiley

But your BTC early adopters have already decided that they will not sell, rather they expect to hold coins until they are wealthier then the current 'elites', thus your giving the current elite no peaceful option to preserve their wealth and position by buying into BTC. 

Not sell? Not counting the fact that early adopters still have to pay for food, shelter, and bills, don't forget that these early adopters are some of the biggest investors in Bitcoin businesses. These newly-minted millionaires are spending millions to pay other programmers and designers to build new Bitcoin services and hardware.
1575  Other / Off-topic / Re: Let's Count to 21 Million with Images on: November 27, 2013, 05:55:41 AM
1576  Other / Off-topic / Re: Bitcoiner Personality - MBTI/Keirsey Poll on: November 27, 2013, 05:49:52 AM
I think it's a combination of two factors. First, yes, personality types can change. I was much more introverted and shy in school then I am now, and I was much more of the touchy-feely sensitive type before I became rather jaded. Our life experiences can definitely change our personalities. Second, the different aspects are not completely binary, but on a scale. I used to be almost entirely I, but now I'm closer to 60% I and 40% E. Partially it was because I trained myself to be more outgoing, and partially it was because life simply changed me over time. I am still definitely an I, as I like to spend time on my own, reading or studying, as opposed to paying and going to bars, but you wouldn't notice it if you were to meet me at a conference. So, as people take these tests, they will notice their results change, and some of the results may match them as well as others. Still, I think these tests are useful, since they can give you a base from which to start understanding yourself, as well as a good description of the types of people you can come to interact with.
1577  Economy / Economics / Re: Ideas for more efficient distribution of money? on: November 27, 2013, 05:20:04 AM
All fiat started out being extremely centralized, first going to the central bankers, and then to private bankers, before finally getting down to the users. How was USD initially distributed and dispersed? Maybe you can follow that model.
1578  Economy / Exchanges / Re: Bitcoin-Central, first exchange licensed to operate with a bank. This is HUGE on: November 27, 2013, 04:11:25 AM
I like the part where you want complete anarchy and you don't want those who style themselves "court of law", "judge" or otherwise involved. .... Yet you want your copyright enforced.  Another classic bitcointalk.org moment.

http://mpex.co/?mpsic=S.MPOE


Yeah, I gotta give that one to Milly, 4.3 is pretty retarded  Tongue
1579  Economy / Economics / Re: Distribution of bitcoin wealth by owner on: November 26, 2013, 10:52:32 PM
We are so far from mass adoption that it is not even funny.
That's very true. But I think you need to account for alt coins.  LTC is at 2% of BTC now and who knows where it will be later.  The more widespread BTC becomes there more widespread other alt coins become so it isn't really 21million coin cap.  Someone who starts a popular alt coin and retains 10-20% might equate to 1% of BTC.

Actually if you read it, altcoins were included. An altcoin with 10-20% premine won't fly tho.
It doesn't need to be premised to retain 10-20%.  Bitcoin is infinitely duplicatable and more copies are bound to keep coming up as bitcoin keeps growing.  Since one can't predict which copy wins out in the end large holders must continuously diversify into new coins.  This is OT and obviously implies greater bitcoin growth for this to even become an issue.

That ignored the network effect, which not only involved users and vendors, but also all the top developers and security experts. In other words, there is a higher risk of something going wrong with currencies other than bitcoin.
1580  Bitcoin / Meetups / Re: announcement: the international "when-bitcoin-reaches 1000,- $ party" on: November 26, 2013, 10:37:58 PM
850 k ... i heard about your prius before, but i didnīt know you had purchased one with a body made of pure gold  Wink

(it was at one of those bitcoin meetups when i mentioned i was thinking to buy a car and pay with bitcoins. someone warned me intensively giving your story as an example.)

Yep. It was exactly BTC1,000 BTC, spend when bitcoins jumped from $10 all the way to over $22, and I thought it was a bubble I should get out of while I can. The nice round number makes tracking the cost of my car rather easy Cheesy

Also, nice to hear my Prius is that well known. I should take some new pictures of it, since I put an extra $1,000 into it to pimp it up a bit  Grin
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