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1721  Bitcoin / Bitcoin Discussion / Re: Representative Mark Warden Utilizing Bitcoin for Campaign Donations on: August 13, 2012, 01:22:35 AM
Can anyone here comment on how things work with donations other than dollars? Can you contribute coins? A used car?
1722  Bitcoin / Bitcoin Discussion / Re: Representative Mark Warden Utilizing Bitcoin for Campaign Donations on: August 12, 2012, 12:17:47 AM
A small step for a poltician, a huge leap for the mankind. I wonder about the legal implications. How are donations usually collected in the US at the state level? Can I just drop some cash in a box, or is there always some paperwork involved?
1723  Bitcoin / Bitcoin Discussion / Re: Chase bank not feeling comfortable on: August 11, 2012, 04:34:23 PM
Are we sure mtgox can't sue them for all the idiocies they said?

now that's an interesting thought that hadn't even crossed my brainwashed mind.

Yes. Less preaching to he choir, more practical ideas and action items (kudos to Gabi).
1724  Economy / Speculation / Re: The 'all or nothing' fallacy on: August 11, 2012, 02:54:10 PM
Bitcoin is like an open source remittance network. Set up a BTC<-->Peso kiosk in Mexico City and now anyone with BTC can remit to Mexico, you are automatically in the network. When it gets bigger it will get bigger which will make it get bigger, limiter is... I don't know.
Most of remittance flow between the US and Mexico is in the direction of Mexico. Your kiosk in Mexico City would run out of Pesos fast. The local market price of btc would decline. Now they need to sell their btc elsewhere (in the US, for example). They need to either buy Pesos in the US and move them across the border, or move USD across the border and exchange them to Pesos.
We are back to old-fashioned fiat remittance business. Bitcoin only made it more complicated and more expensive: you need to have means of moving fiat internationally anyway, so why bother with bitcoins?
The only way btc remittance would ever work is if btc already is reasonably adopted in both countries (exchanges or ideally goods/services). The market can then absorb btc remittance without being moved significantly, and when it does you'll rely on arbitrage players to take care of things. Remittance can therefore never be a killer app for Bitcoin - it can only thrive where a diverse btc economy is already established. I can vouch it works between the US and Canada right now. I use it by simply exchanging between virtex and gox. No need for "remittance businesses".
1725  Economy / Speculation / Re: Cartmell v. Bitcoinica on: August 11, 2012, 02:23:45 PM
I feel this will set a bad legal precedent if it goes through. Bitcoin so far has been able to avoid any regulation, because it is deemed "play money" If there is a court case that recognized Bitcoin as a currency, prepare for incoming regulation.

I don't agree at all.  Once govn't starts ruling on bitcoin you'll see it move more in to the mainstream.

I agree with BCB.
1726  Economy / Speculation / Re: The 'all or nothing' fallacy on: August 10, 2012, 06:25:01 AM
Sorry to disappoint you, but there is no counter-argument I could offer. 
1727  Economy / Economics / Re: Can bitcoin survive? on: August 10, 2012, 06:14:36 AM
According to many earlier sources bitcoin must already be dead. They are sure it will not even last a year. In reality the my guess as to the3  biggest threats would be:

1. SHA encryption is broken. Bitcoin would be the least of our problems then.
2. A concerted, sustained international effort by governments to make bitcoin illegal.
3. A collapse of the Internet infrastructure. No network, no bitcoin.

As far as aliens or secret societies... Get back in your Mom's basement weirdo.


1. Even if SHA were broken, nobody can spend my coins. They might be able to hash faster, perhaps take over the network for a short while (it would become obvious immediately). My coins are still safe, and the community would transition to a different, unbroken hashing function. A temporary disruption of this kind, while painful in terms of delayed payments, would not be the end of Bitcoin.

2. The more people (including those involved with governments worldwide) have vested interest in Bitcoin, the less likely a concerted attack is.  Most vulnerable days are behind us, and it's only getting better. Gaddafi was a gold bug, no one has outlawed gold; they simply killed him and took his gold.

3. Yes, this would be a problem. However, try talking to people who have been through recent conflicts. Communications infrastructure is surprisingly robust, and disruptions are usually short-lived. Where there is a will, there is a way.
1728  Economy / Service Discussion / Re: MtGox yubikey policy on: August 09, 2012, 07:56:46 PM
Fortunately for everyone, gox users who have no problems with the service do not start threads on this forum to talk about the fact.

In any large group of users there will be special cases where people get hurt by rules that are otherwise sensible and protect the interests of the majority of users. The role of customer support is to be responsive and work out solutions in these exceptional situations. From what I see, this is exactly what is going on. Hope everything works out fine.
1729  Economy / Service Discussion / Re: bitcoincharts.com can you give us a bitcoin index ?? on: August 09, 2012, 07:45:49 PM
Speaking of feature requests, their donation address has received only BTC11.81 since March. To me this is one of the most useful sources of information and raw data, and I hope it stays there.
1730  Economy / Economics / practical implications of multi-sig feature on: August 09, 2012, 07:37:49 PM
The consensus is that multi-sig feature is desirable, and will only open new ways to use Bitcoin. I agree, and look forward to it.
There are some general, non-technical implications of this feature, though, that might affect Bitcoin economy as a whole. What do you think of the following questions?

1. Will it lead to higher deflation? Inevitably, various disputes will lead to funds being frozen indefinitely. Also, the rate of loss due to technical glitches will go up (it only takes one of the parties to lose their private key for the whole address to be lost). Together, these factors will lead to a higher rate of monetary deflation than what it would have been without multi-sig. I personally don't consider this a problem, but obviously people still have strong opinions on the issue of deflation.

2. Can it be abused to hurt your oponents in much the same fashion as lawsuits nowadays are often abused to simply bankrupt (smaller) competitors? Surely you can't steal the money, but you could be sneaky and freeze it indefinitely making it unavailable to the oponent.
1731  Bitcoin / Bitcoin Discussion / Re: Paying homage to Pratyeka of Wikipedia for Bitcoin's inclusion. on: August 09, 2012, 07:15:52 PM
A great thanks to Pratyeka.  Grin And I'll probably donate less to wikipedia this year...

I stopped donating when they started deleting.   They have deleted a huge amount of interesting material since the rise of deletionism at Wikipedia. 

I thought deletionist were always dominant at Wikipedia.
It all ended well. There is a Bitcoin entry (thanks to everyone who contributed and fought for it), and it is relatively more prominent because there is less noise (thanks to deletionists).

Having said all that, the current version has some excellent writing, but the introductory paragraph is too technical and surely turns off many curious people. While I am qualified to bitch about it, I don't think I'm qualified to re-write. Hopefully the likes of Erik and Stephen can get to it soon.
1732  Economy / Service Announcements / Re: [ANN] BitcoinSpinner on: August 09, 2012, 02:03:15 PM
I've been using spinner happily for a month. One detail bugs me: descriptions on Google Play and the wiki repeatedly refer to "private keys" in plural. And yet, from what I see there is only one private key involved, and its corresponding address. The only way to obtain a new key is to erase app data folder, so the new key pair is generated on the next start.

Am I missing something here?

Not really, the client only uses one key at the moment but is more than capable of handling more.  The one key rule has more to do with conserving bitcoin spinner's server resources.
Yes, also that.

Great, thanks. I am happy the way it is now, I was just confused with the description talking about "keys" in plural, and wanted to make sure I wasn't missing anything.
1733  Other / Meta / Re: labels/tags instead of subfora? on: August 09, 2012, 01:58:04 PM
posted by rjk:
Quote
The issue with that plugin is that it allows freeform tags, whereas ideally you would have to choose from a list of predefined tags.

Not sure I understand why it would be an issue -- even using predefined tags, it's going to be like herding cats to get users to use the "right" tags.  There may well be a predefined tag plugin out there, and I'm sure it's possible to modify one of the existing ones to a set list of tags -- just only have experience with the one I mentioned.  Sorry I couldn't be of more help.


Frank
Well in this case, the "right" tags wouldn't matter since there would be a minimum of one tag, and the minimum tag would automatically be applied based on which section the topic was started in. Advanced users could tag a topic with additional sections, and then the topic would show in the tagged sections as well as the one it was started in.

I was thinking tags only, no boards. I come to the forum, and click on "economics" tag, see what's new there. Then I also click on the "speculation" tag (check box) - now I see topics (aka threads) that have both "economics" and "speculation" tags applied. I start a new topic at that moment, it's got automatically those two tags applied to begin with. I can add/remove tags as desired (from the predefined list). There has to be at least one tag.

You come to the forum and choose to view "speculation" topics. You see all topics with that tag, including mine. Then you add "mining" tag, and you are you viewing topics filtered based on that. My topic is not there.
1734  Economy / Service Announcements / Re: [ANN] BitcoinSpinner on: August 09, 2012, 04:47:28 AM
I've been using spinner happily for a month. One detail bugs me: descriptions on Google Play and the wiki repeatedly refer to "private keys" in plural. And yet, from what I see there is only one private key involved, and its corresponding address. The only way to obtain a new key is to erase app data folder, so the new key pair is generated on the next start.

Am I missing something here?
1735  Economy / Speculation / Re: January 2012 vs August 2012: Any similarities? on: August 09, 2012, 01:30:23 AM
You can't step into the same river twice.  Better ponder on differences between now and then.
1736  Economy / Speculation / Re: The 0.01 bot indicator on: August 09, 2012, 01:20:46 AM
It looks like the pennybot stopped trading. Expect a rally imo

Hours have passed, and nothing has happened.
1737  Bitcoin / Bitcoin Discussion / Re: Mining pools are decentralizing on: August 08, 2012, 11:24:00 PM
I remember a year ago, there was much concern (by some people) over the fact that one or two large pools made up the majority of mining. People worried that it would become increasingly centralized leading to a mining monopoly and thus threatening the security of Bitcoin. Well, it seems the opposite has happened, and the pools are getting increasingly decentralized.  Cheers!

Although the chart posted later in the thread is more accurate, your post holds true! I have to say that I am much more comfortable with today's chart than one from a few months ago. The hash rate distribution seems much healthier, let's hope it continues in this direction!  Smiley
Especially the p2pool!
1738  Bitcoin / Bitcoin Discussion / List of organizations that DO NOT accept bitcoin donations or payments... yet. on: August 08, 2012, 11:13:41 PM
We have a nice list of btc-accepting organizations here:

https://en.bitcoin.it/wiki/Donation-accepting_organizations_and_projects

Try to think of organizations that are not on the list, but you feel they should be.

I have so far contacted the following:

  • Adbusters magazine
  • Globalresearch.ca
  • Truecrypt foundation
  • Safer-networking (spybot)

Feel free to suggest more candidates here, and to contact those listed asking if they accept bitcoin. If contacting them, I suggest keeping ideology out of it and try not to sound like a spammer. You might want to check out https://en.bitcoin.it/wiki/Public_relations

Here is an example of what I sent to the director of global research:

Have you considered adding bitcoin as a donation option? Many organizations, from wikileaks to archive.org have so far received tens of thousands of dollars from users all over the world using this open-source, decentralized technology.  It's much simpler and more accessible for users and for yourselves than credit cards, and certainly wouldn't hurt to have it as an option.  If you are unable to handle bitcoins directly, there are reputable services available to help you automatically convert to USD, for example paysius.com and bit-pay.com.
Cheers, and keep up the good work!

 
1739  Bitcoin / Bitcoin Discussion / Re: Do you keep your Bitcoins on an exchange? on: August 08, 2012, 06:34:34 PM
Using a wallet on my Mac behind seven proxies and fourteen firewalls doing Time Machine backups every hour to my Synology NAS seems to be working pretty well for me so far.
That much for technology making your life easier...
1740  Economy / Speculation / Re: This rally is a pirate bubble on: August 08, 2012, 04:48:00 PM
Alright- a question for those who think it's a pirate and pirate-like bubble: when will it pop? Just don't state the obvious.
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