Here's your problem. You believe there is a way to plan and design Bitcoin for success. Well I'm sorry to burst your bubble but there is not one person in the world who would poses such a knowledge. The best we can do is have a technologically and economically sound project and let the market figure it out, see what sticks and what doesn't.
You are of course more then welcome to start your own version of a digital currency with your own ideas, present it to the market and see if it fares better. But you cannot plan for success. If we had a person capable of such a thing I'd want them to plan for my life and be our king.
+1 |
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I don't play any video games, but I had the following idea while I was reading an article about some MMORPG. I hope you'll find it interesting.
Ever since I learned about the proof-of-work concept (quite a bit before I learn about bitcoin), I've always thought this idea is pretty cool. Don't know why, but it's a fact: there is something I immediately liked about this idea of using a hash function to challenge the computing power of a machine.
Now, when I think about some MMORPG, it appears to me that the concept of force is pretty lame there. Basically you have a soldier whose strength is nothing but some parameter. It's easy to modify (even if the game admins won't let you do it easily, but anyway). There is a limit to it, and it's somehow 'costless'. Someone with priviledge access to the program could get as much strength as he wants. This is not cool and it does not fit with the idea of "strength".
So, what about using proof-of-work to emulate the physical concept of force?
Say, two soldiers wield their swords against each other. The program would require each soldier's computer to solve some hash challenges in order to determine which sword gets to be thrown to the ground.
More generally, there is probably some way to emulate the basic mechanical concept of force and power.
To apply some force, the user asks the program for some hash-challenges to solve. All this would be public, so that opponents can check that the guy is not cheating. Better: opponents provide challenges, so they don't have to trust the game admin.
So, during a fight, each player sends hash-challenges to the opponent, and the amount and speed rate they can sole determins the force they can apply to their sword.
I think a game would be much more fun to play if you can hear you GPU struggling during an intense fight. At the end, the stronger player will be the one with biggest computing power. But there are other ways than pure strength to win a fight: ruse, speed and stuffs like that.
PS. That's it. As a proof-of-concept, I'll see if I can find some time to create the electronic equivalent of an Arm wrestling game website.
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I want to fork the bitcoin code for a small town of 36,000 people.
 . You are a local tyrant or something? |
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Well, it would be nice if there were a way to price things in bitcoins that would not be affected by bitcoin's change in value. I shouldn't have to keep lowering my price quote somewhere as bitcoin's value increases. Why would somebody loan out bitcoin to someone else to buy capital, when there's little certainty about its value when the loan is repaid?
Right now the price of one bitcoin is not stable because it's such a new currency and very little people know it even exists. Give it time. Eventually it will stabilize once everyone in the world will know about this currency. And then it will stabilize because the overall quantity of bitcoins will stabilize. I think the best way to do this would be to establish a basket of commodities that everyone can agree on, and have this be automatically computed and posted in multiple locations.
I barely understand what this would mean exactly. Feel free to elaborate. |
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It's kind of frustrating that nobody seems to want to use my bash functions to check bitcoin addresses. It only requires basic unix tools such as xxd, dc and openssl. base58=({1..9} {A..H} {J..N} {P..Z} {a..k} {m..z})
bitcoinregex="^[$(printf "%s" "${base58[@]}")]{34}$"
decodeBase58() {
local s=$1
for i in {0..57}
do s="${s//${base58[i]}/ $i}"
done
dc <<< "16o0d${s// /+58*}+f"
}
checksum() {
xxd -p -r <<<"$1" |
openssl dgst -sha256 -binary |
openssl dgst -sha256 -binary |
xxd -p -c 80 |
head -c 8
}
checkBitcoinAddress() {
if [[ "$1" =~ $bitcoinregex ]]
then
h=$(decodeBase58 "$1")
checksum "00${h::${#h}-8}" |
grep -qi "^${h: -8}$"
else return 2
fi
}
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A boy, comes into a huge building full of grownups who use it as a marketplace and do their biz there for some time now. Boy shouts: "Hey, you are doing it all wrong! All the tables and the chairs and your nice mining machines should be bolted to the ceiling not to the floor! Than this would be really great marketplace".
Men glance at a boy with amusement and move on doing their usual biz. One man stops and gives the boy a candy.... Than in a few minutes another boy comes in and shouts the same noncence...
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Price stability is not dezirable per se. The idea of controlling prices defeats the very purpose of prices as economic signals.
Many people would like to have stable prices just as many people would like to have nice weather every day. But it is just a silly wish.
Prices have to vary in order to reflect economic reality. Trying to interfere to this only sends false signals in the economy.
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You should read "The Law" by Frederic Bastiat and get some principled morals in your life. Cause right now, you just sound like a typical boot-licker.
The original text is available here. |
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Also, there's nothing keeping me from running thousands of nodes. Or generating my own blockchain that purports to be longer than yours.
Good luck with that. |
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The word "faith" seems way more connoted than I thought. So I replaced it with "confidence".
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nice idea, but insecure, by EC-usage.
not so much computing resources saved, but timing and mathematically questionable security of EC- signatures/cipher.
What? Is ECDSA weak? |
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Sorry I don't know any chinese, but I've noticed China has appeared in the Google trends listing about bitcoin.
So I guess China is becoming aware of the future worldwide currency. This is good news.
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... anyway they put these lab rat students into a confined room for several weeks and started twiddling temperature and light on-offs and tricked the subjects body's into a 48 hour sleep-wake cycle ... they would be awake for 24 hours and sleep for 24 hours ....
Another way to get a similar result is to have the lab rat student spend some time on this forum |
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Too complicated for me but if I was to try to attack the bitcoin network, I would probably explore an idea like that. The time adjustment algorithm might indeed be the most obvious possible weakness in the protocol. |
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Nice. Let's put it here if you don't mind:  |
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It's amazing that they don't use assymetric key pair cryptography. « According to a number of security researchers, the sale of stolen information and credit cards often takes place completely underground in secret credit forums, where hackers exchange or sell data. These forums are closed to the public, and people who join the groups are vetted by forum administrators to ensure they are not from law enforcement. » Those guys should use bitcoins to buy/sell those stolen credit cards. |
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Yes, but think about the power cost of 10,000 idle systems. Acutally, think about the COST of 10,000+systems. There is already a significant investment into this network. And as a systems admin, I'm sure he'll find a way to work the extra power cost into the company budget. If its Botnet on the otherhand, Knock yourself out! If he's got access to 10,000 systems, I imagine he's the owner of the company or something, prolly some gold farmer or something- yall are too quick to point fingers, gosh.
Ok, ok. Why not. Also, he can adjust the amount of CPU power so that it makes the ratio mining/power consumption being profitable. I guess. Seems quite risky, though. |
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The power cost may be negligible if they are on all the time anyways.
Being "on" is not the same as being actually computing. Even when those PC are used for gaming, I doubt they have a power consumption anywhere close to where it goes when they will be mining. |
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