Lol like the MAJORITY of bitcoiners using web wallets are any safer.

Agreed.

+ I never understood colored coins; Bitcoin works because its a self-contained system - MasterCoin and such supposedly give you ownership over other stuff/stocks/gold or such... which means you rely on the state to make your claims in the end... a state that has zero motive to help you.

Decentralized stock exchanges are also a problem because once you have the startup stock money you have zero incentive to pay dividends - unless again you bring in the state, in which case you may be better off using regular exchanges.

I would like it to work, but I don't see it.

The fact that the foundation or Hearn has not come out and said "total misunderstanding, my bad" should tell everyone something.

These people can't WAIT to sell out.

1. Bitcoin is a currency, payment network and a protocol.
2. Stealing bitcoins is theft of property.
3. Accepting bitcoins and not in any way delivering the agreed service is fraud and/or theft.
4. Much as losses due to fiat inflation are not tax-deductible, Bitcoin gains shall be tax-exempt.
5. Using or running Bitcoin mixing services is a privacy feature of Bitcoin and shall not be regarded as money laundering as there could be legal reasons for participating in such.
6. Using Bitcoin for activities illegal in a country shall remain illegal, but using Bitcoin itself shall not be considered illegal.
7. Bitcoins belonging to foreign citizens shall not be illicitly confiscated under local laws, but returned to the jurisdiction of the owners or to the owners themselves.
8. If a service is in some way storing customers bitcoins, they shall loudly declare that the customers funds are trusted with them completely - unless the company documents it has the funds claimed with for example a public company account or government approval.
9. Customer funds stored by a Bitcoin related service shall belong to the depositing customers before any other creditors - unless otherwise clearly agreed to by the customer.


... not a snowballs chance in hell

Well if M2 gets sucked into Bitcoin you are holding about 250 million dollars.

Btw as skilled as you seem to be, did you know these days you can get good degrees from good universities online, cheaper and/or for free..

Well since everyone voted no I guess we are safe for now.

Its a little scary the way Bitcoin is SUPPOSED to be an uncontrollable opt-in system, but in reality depends on mass opinion... unless you just want to trade with yourself.

I mean lets say:
1. You have Bitcoins and/or a Bitcoin business.
2. General public adopts Bitcoin.
3. General public, with a healthy government shove, changes Bitcoin - say adds blacklisting.

What do you do now? Leave your money? Stop your business?

Scary how quickly our revolution could end if people are stupid enough.

So you're saying we will have a bleak "future" were the pensions fall apart, some are super wealthy while the governments fail to take proper care of the middle class?

Why that would be horrendous.

Honestly though; good post, but I think the positives will far outweigh the negatives - consider this for one: The defunding of the US government will decrease their ability to wage wars for no reason and suppress the world and their population.

It is a very boring report, they all basically say Bitcoin is nice in different ways.
Silk road was brought up as always though.

The guy that was supposed to be negative, from the Danish ministry of tax, cancelled.

But hey we/Bitcoin were in the news.

I agree, it also makes me further question the BIP70 proposal as it came from the same guy:

I could see BIP70 POTENTIALLY leading to SSL key signatures being used to transfer Bitcoin instead of ECDSA. Since SSL is corrupted deeply this would hand control of Bitcoin to the government.

At any rate:
As a board member of the Danish Bitcoin Foundation I can say we will work against this.

Which is why I would report it as a bug on the forums (bad random gen.).

Whether I would take the money or not also I think I would not.

It will be revealed that he used a small sum of his immense wealth to bribe corrupt politicians in the US, Russia and China thus effectively becoming the ruler of the world.

BIP 70 should be about trustless mixing instead of using certificates and trying to move away from Bitcoin.

Bitcoin doesn't scale to that size due to the speed of light and the need for the network to synch.

These other systems would likely have their own while Bitcoin would be limited to the Earth, Moon and Mars economies - even Mars might have its own Marscoin.

Largely trading knowledge streams directly is the only viable options for interplanetary economies and beyond.

Bad number generator anyone? Is that the second time for Bitcoin QT? Are they just using whatever the operating system spits out with no additional randomness added?

I'm attempting to withdraw Bitcoin. Normal process, no API and I can log in just fine. It says I need to verify my account.

I still have not heard a word from Bitstamp.

So first many months ago I upload my passport and a phone bill. They deny that because the bill is electronic, so I just went within their limits.

Ok, but NOW they wont let me withdraw ANY money at all, so I sent my payslip addressed to my name and scanned in physical form and I have had no answer even acknowledging they received something.

Horrible service and I am seriously considering paying more at localbitcoins or anything else next time - then at least my money is not locked forever.

How are these guys so much better than MtGox again?

Nice resource for people to ignore, same as that damn Zimmerman thread.

How is assassination okay? ... and how did Silk Road survive more than 10 seconds if any seller could report thousands of users?

I'm fine with drugs as long as people take them far away from me, but nothing about DPR is heroic or about freedom.
If the anarchist wet dream and non-aggression principle includes "law by assassination" then count me out.

Anyway hopefully an even more anonymous Silk Road will pop up with more anonymization between users and sellers.

Thanks for the replies. For the record I just tested this with with Bitstamp (0.01 BTC to a purposely wrong address) and the withdrawal request simply "failed", but you get no warning or other information as to why.

Anyway nice to know.

So for those who thinks this is a stupid question: The normal address format for Bitcoin addresses puts a hash/checksum of the hashed public key at the end - this means you can tell if someone say mistyped their address as the checksum will not fit.

My question is can you send money to an address with an invalid checksum? (as in will the main Bitcoin clients allow such blocks, relay the TXs and so on)

If it IS possible my second question is why?
.. and my third is which clients and online exchanges are known to check the checksum?