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I think this issue is blown out of proportion. If certain exchanges are shut down, there will be others. There will be classifieds, craigslist, etc. for in-person exchange. Besides, shutting down exchanges would likely drive up adoption of btc as direct medium of exchange, without intermediate conversion to government fiat. Finally, more and more people - including smart individuals in governments have vested interest in Bitcoin. They see its value for personal reasons, but also in the bigger picture. Bitcoin in itself is not that big of a danger to anyone, it is more of an opportunity. Think Internet.
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- The backup algorithms would only be useful in a scenario where SHA256 is not itself broken, but a single miner with the "cannot easily change algorithm" weakness is doing something harmful (such as forcing the network to trust them).
Why would you exclude a broken SHA256 scenario? It's a perfectly valid reason to have a backup hashing algo in case the first one breaks. I'm assuming that if SHA256 gets broken, any backup variation of it automatically is also broken. The algorithm might need to change anyway, but it would break all ASICs. Then it should not be a variation, but a completely different hashing function. That probably doesn't come free. Since it is impossible to know in advance just how SHA256 will be broken (if it ever is), it is also probably not worth any cost to try to add a complete alternative to it, since it could just as well also be vulnerable. Ok, I think I get it now. I just wasted my time with this whole discussion. Everyone pretty much agrees, even Luke-Jr - but he can't stop there but goes on meaningless and confused tangents. I'm out of here. |
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Since consumer ASICs would be online the new algorithm(s) first (as in, immediately), it won't be so simple to 51% attack at that point. If you could, however, I'm not sure any way for Bitcoin to ever really recover - any reason to justify switching to new algorithm(s) is extreme enough that it would never make sense to switch back by force.
I don't understand all the fuss about "secret" backup hashing algorithms ( in the ASICMINER thread), and I don't see a problem with implementing a backup algorithm in hard-wired miners (ASICs). For years we've been mining with configurable hardware (CPUs, GPUs, FPGAs) that has practically infinite number of secret algorithms "embedded" - simply reprogramming the devices to a hashing algo of your choice would do. Why is the thought of hard-wired backup hashing algorithm in ASICs so scary? |
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Time for going north a bit imo.
Damn im good!   It went east, not north. |
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ASICMINER seems to be making progress, and largecoin is currently silent.
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There is obviously a race to ASICs with potentially valuable bounty at the end of the rainbow. Could you comment on what steps have been taken by Bitfountain to ensure security and integrity of their designs?
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He's been away. And distracted. Still, searching for "so long and thanks for all the fish" would have found this thread. Twice, at least.
I just found this thread.  ahh good. Now that you're here... Mind sharing some of the deposit addresses and/or addresses you received payments from that bank thing with the high rate of returns? Not right this second but ask me again in 10 days... What do you need more time for? |
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Im having trouble seeing what the point of this war is
Control of the exchange and the value of bitcoin. Right, but if one side has USD, they are the ones that can effectively push the price up... The converse is true for the bitcoin side. What is the point of doing so (as it goes against their interests)? Yeah - the war/fight between bulls and bears metaphor is a very lousy one - but people just like to see things explained in this way.  I don't even know what "bears" and "bulls" represent. I buy and sell bitcoins as needed. So does everyone else. Things change, complex things even more so. As simple as that. |
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How many active BIG playas are there Adam, what do you think?
23, all of them hold more USD then bitcoin at this point. Are you referring to Illumicorp? no Illumicorp still thinks bitcoin is just another pyramid they don't realize what going to happen to their pyramid when everyone at the bottom simply walks away. Not knowing things is what got them where they are now? The walls are boring:  |
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I know a very scientific method to determine if softwareseller is a cop. Answer this question softwareseller: Do you have a mustache?
No. What's that suppose to mean? Guys, he checks out. Not a cop. Wait...... What about doughnuts? Doesn't matter. Even if he is a cop, he is a good cop looking to make some pocket money on the side. |
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from now until dec 2, it's gradually going to increase to somewhere between $15 and $20.
+1 But not dec 2, more like Nov 20=BFL ASIC effect will be in full effect. If I am wrong then I am What mining hardware has to do with BTC price? A lot. Most important connections are confused thinking, self-fullfilled prophecies, and the herd mentality. |
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So, we have an address here that had built up a massive war-chest of coins since earlier in the year, and immediately following the BS&T collapse has started to try to launder the proceeds.
Hmmmmm.
Not suspicious in the least. Over the last several days there have been multiple 6-10k sales on gox. Just look at the volume bars. I wonder where these coins came from... Only Gox knows! |
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Serious question: What does a US politician do if their campaign receives cash in mail? They can't legally accept it (is it from a US citizen?). The same should apply to returning (or not) invalid btc donations.
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You could be a cop that caught a bad guy with stolen windows keys. As a cop, you have "access" to materials such as illegal drugs or "windows keys"...so, you would be able to sell those keys to get a list of people who might be on the VPN's.
As I mentioned before, With that said, if you want to do serious illegal shit, you should use our VPN together with tor to add another layer of security and also help us mitigate the risk.
I couldn't caught you even if I were a cop if you use tor with my VPN. And you could register a new account to pm me to get the deal. And I only receive bitcoin. I would prefer to build a fancy website to attract users around the world rather than phishing criminal here if I were a cop. Or could you tell me a way that I could prove I'm not a cop? I will give it a try. Actually, this was good enough for me. I don't think you're a cop, and speaking of thinking, I wasn't thinking at all when I asked that. |
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Please build the science center with lots of round smooth objects.
(I can make drawing cuz i got it all perfect in my head.)  Lots of flowers... a waterfall... rainbows... magic mushrooms... and a refuge for invisible pink unicorns... and maybe... maybe... like a STATUE MADE OUT OF PURE DIAMOND with PIRATE AT MOTHERFUCKING FORTY high-fiving TESLA for SCIENCE! And it should all be FREE and kids can stay for as long as they like. WHEEEEEEE! Actually, tesla was afraid of round objects, he was afraid they would lodge themselves in his body or something... I think he broke up with his girlfriend when she wore pearl earrings once This pearl earrings story is total bullshit. According to his personal notes, on display in the museum in Belgrade, he dumped her because of Ben Wa balls which horrified him. We'll never know for sure, but it may have something to do with his failed attempts to create an electric version of Ben Wa. |
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Still, I'm simply curious: is vanitygen search space random, or deterministic? That is, do those who start searching before others always arrive first (assuming the same hashrate)?
If it was deterministic then I would be able to steal the bitcoins from 1NaNoBitU2q8czqE2y5rEQPj4qcW6K3mFp or any other address found using vanitygen just by searching for it and waiting about as long as it too the owner to find it. OUCH! That hurt. Thanks for pointing out. |
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Fine, just never, ever let Pirate work at the coat check.
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"Say you have two cows:
In capitalism your boss butchers them both for profit, live rich a while and then you all starve next year.
In communism the government takes your cows and give you half their milk.
In a democracy the two other guys vote for you doing all the work and getting 1/4 of the milk.
In a theocracy you sacrifice your cows to your god and starve to death while praying all day.
In Africa you neglect your two cows to death and get three new and better ones in foreign aid.
In a bureaucracy the government milks one of them, shoots the other and then pours the milk on the ground."
Social: You have two cows, your neighbor none. You feel bad because you work successfully. You elect people that Tax your cows heavily. That forces you to sell one of your cows. The people you voted for take the money from your taxes buy your cow and give it to you neighbor. Liberal: You have two cows, you neighbor none. ...So what? US-American: You sell one cow and lease it back. You form a cooperation. Now you force both cows to give the triple amount of milk. One of the cows dies due to you treatment. You hold a press conference announcing that you have halved you costs. You stocks skyrocket. Japanese: You have two cows. You create a manga called cowminton and publish it wordwide. You make millions. German: You two cows show up on their own on exactly the same time each day, giving exactly the same amount of milk in perfect quality. Sadly your cows want 13 Weeks of holiday a year. Italian: You are pretty sure you have two cows, but you can’t find them. While searching for them you see a beautiful woman. Life is great. French: You have two cows. You strike because you want to have three cows. Swiss: You have 5000 cows. None is yours but you get paid from their owners for keeping them. New Zealand: You have two cows. The one on the left looks attractive. |
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