I think you can simply serach the blockchain for the most often used "denominations" and break your payment amount into them, as a temporary workaround.

Then let's all launder our money like hell using MintChip!

Then they will have to close it down/censor the transaction, so it doesn't work.

Americans may not know, but NBA is huge in China.

If half of the NBA teams start to accept BTCs, then one more reason for people to ignore the dirty politics.

Well done and thanks, Mr Marcus.

I guess sx erases the payee's pubkey and encrypts the payer's privkey after the stealth payment right? If say FBI breaks into Alice's house and seizes her computer, they should not be able to figure out she has paid Bob isn't it?

The most important difference between this and the deterministic wallet is  that you may never need to publicize your address(defense against Google data mining) to receive payments, which has to be spelled out somewhere I think.

Far from it, Bitfury's own farm only contributes 45% to that 45% of hashpower, which gives them about 20% of the total network hashpower, other miners can abandon them at the blink of an eye, in the end they will have to play by Bitcoin's rule.

Let's hope it can fix the political system itself as well. With enough economic incentives brought by Bitcoin, people may finally set down to do the work.

Had those medias been the mouthpiece types I would have long ignored them, there are a few news outlets in China which withstanded multiple government attacks(Editor-in-Chief sacked and prisoned, etc) and stick to their POVs. Also China is strictly authoritarian rather than totalitarian, or I wouldn't even be posting here.

In principle you can transform just about any block cipher into a hash function using Merkle-Damgard construction.

Is this the same "cashless utopia" France we talked about?

Thank you, noobish question: the code can be easily migrated to Bitcoin, right?

If someone wants to contribute, please state the time/cost required for such a task right here, I believe many people(at least me) will make an assessment.

Actually, it's inexplicable to me why there isn't a full list of "high-priority problems assigned to no one" right here on this forum, lots of people might have time/money to give for a crowdfunded project, but without knowing what the problems are they can do nothing.

I doubt anyone is able to take total control of Taobao(the C2C platform using Alipay), since practically anyone is able to open a shop there and now there are millions.

VPN sales(for GFW circumvention purposes) have been banned there for years, but we have always been able to get our hands on one, all you do is selling them under a different name then it's hard to find out.

The medias in China probably are more culpable than PBOC for the last crash. All the published policies of PBOC to date are, after all, already implemented in the western nations, real name accounts which only accepts bank transfers, and in China the verification can be done in minutes: put your ID card number and your name in and you are good to go. The Chinese social networks are saturated with all kinds of Bitcoin rumors afterwards, a large percentage of them can be traced back to major news outlets.

It was also for the first time known to me that some of the most open Chinese medias which are famous for being outspoken against the government and calling for democratic reforms, actually hate Bitcoin so much. While they are certainly entitled to their POVs and it's understandable that most journalists are liberals and are naturally suspicious of "getting rich quick" sort of things, the difference between Chinese medias and their Western counterpart is that in China they sometimes directly fabricate facts. One of the major news outlet published a piece, "quoting" Huobi's CEO about a purported plan for Huobi to exit China given the hostile environment, this is a blatant lie and probably what causes the final dip of the price, Huobi has threatened a lawsuit afterwards.

It's great that after all these years of crying wolf many Chinese investors have learned to ignore them anyway.


 

Not necessarily, government will have to censor their transactions, or they would risk violating their own laws, and censorship gives rise to cost, which have to be shared by all the network users, and exacerbated by the general inefficiency of the government, in the end I doubt they will be able to undercut Bitcoin in transaction costs.

I intend to mean both methods combined, the miners may have to give in in the end, but there will be a period during which all operations are suspended pending further information. Also for an old user telling which chain is the one being attacked is much easier, new users will just be given the warning.

Can we possibly just make it tweakable for the miners to not accept sudden reorg involving large number of blocks? Even those who have vast mining resources at their whim should know to deploy them gradually, so as to not 51% attack the network.

The POW blocks can still be faked, I am able to mine the first 50,000 Bitcoin blocks in a matter of days using my hardware, in fact, one KnC miner equals the total hashpower of the network in the spring of 2011, other than that it's just a problem of faking the signatures.