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How is it that there is no index already? I'd like to see an index for native client firstbits support.
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Keynes ... to be fair, he recommended counter-cyclical policy, not deficit spending bubble pumping that has been enacted in his name since.
The intractible problem with Keynes is that you can never tell when the cycle begins and ends until after it has happened. At any instant, you don't know how much of the growth is the underlying steady growth, and how much is illusory cyclical growth. Gordon Brown made a big noise about balancing the budget "over the economic cycle", but in the later years of the credit-induced boom he was already increasing the government deficit because he thought those were the leaner years of the cycle, when actually they turned out to be the fattest. Almost no-one (and certainly no Keynsians) challenged him at the time. There are always innumerous cycles/waves of different magnitude playing out simultaneously. However, when the central banks start playing with near-zero percent interest rates, they are up to some artificial inflationary policy, they are priming the economy, and they know it. Central banks target core price inflation and have a very good idea of market growth. Alan Greenspan inflated the economy in the 90's and the policy was continued in the 00's (and Clinton made similar noise). Just because few complained does not in anyway suggest that it was John Maynard Keynes policy. Remember, the time period was referred to as the "New Economy". Billions of people label themselves Liberal, Conservative, Intelligent, Beautiful, and Clever, but let us not presume that they are. |
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I think the rally of the past month or so proves (suggests) that we're in a (new III) major Elliott wave now (what do you call a bigger wave?)
Maybe. Bitcoin has breeched the June channel, but has not definitively broken from the Oct-November bouncing pattern. 19 October may have begun a 3-3-5 flat. I think you should wait for this rally's correction and third wave before declaring 'proofs' on the yearly trend. |
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Zhou, have you changed the way Trailing stops work? Because they don't seem to be trailing...
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The fourth wave correction will likely be flat in the triple digits.
I'm not sure I know what that means.  Notice November 2010 ( ii) was sharp down, while March 2011 ( iv) was sideways? That's typical. Just as June-December has been fairly sharp ( II zig-zag(s)), IV a year or so from now will likely be sideways, and well over June's $32 high. |
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The fourth wave correction will likely be flat in the triple digits.
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Ya know, vote buying was shutdown on Ebay some years ago. It might be more difficult with bitcoin. Just say'n.
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as well as the political assassination of Dominique Strauss-Kahn, former MD of the IMF until 18 May after his arrest on rape charges in New York, 14 May 2011.
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Kim Jong Il is Dead.
Long live Kim Jong Il !!!
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I'm willing to accept, considering I did post the challenge publicly, but I wonder if you wouldn't rather take a bet that 'expires' earlier. My attention span won't likely last a year.
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It would also be nice to have an address shortener such as btc.to available next to each address.
(at least for the 'receive money' page - but would be even better if the 'send money' page would accept btc.to addresses too)
The firstbits are an ideal (theoretically) unambiguous shortener... provided the address has been seen by the network. For public addresses not yet publicly seen by the network, perhaps Puik could add a temporary otherwise invalid code. The first 8 characters of an address are typically unambiguous (sans vanity codes), something like 1eDj5Efw000 (zero zero zero) might produce a collision list page? |
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I was wondering: the countries that now use the Euro, do they still circulate their own national currencies?
No. I'm sure they've still got the molds for the coins and printing plates for the notes, but the old currencies were phased out a decade ago*. In most countries** there was a window for redemption at fixed rates, after the window closed the coins were officially worth no more than melt or collector value (which is not much). * Of course new entrants to the Euro-zone were phased out later, such as Estonia which only fixed the kroon 15.6:1 EUR last year. ** http://en.wikipedia.org/wiki/Euro#Introduction_of_the_euro1992 The euro was established by the provisions in the 1992 Maastricht Treaty. 1995 The name "euro" suggested by Belgian Esperantist Germain Pirlot, 4 August 1995 1995 The name "euro" was officially adopted in Madrid on 16 December 1995 1998 Rates determined based on the market rates on 31 December 1998 (Greek drachma was fixed several months beforehand) 1999 Introduced in non-physical form (traveller's cheques, electronic transfers, banking, etc.) at midnight on 1 January 1999. 2001 Germany mark officially ceased to be legal tender on 31 December 2001 2002 Euro notes and coins were introduced on 1 January 2002. 2002 The changeover period lasted about two months, until 28 February 2002 2002 Portuguese escudos ceased to have monetary value after 31 December 2002, although banknotes remain exchangeable until 2022. **** Currencies of Austria, Germany, Ireland and Spain continue to be accepted by national central banks forever |
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I trust you have a grasp on these low-level implementation details, which if possible might as well be magic to me until I can sink my teeth into some tech specs. Now, for higher level concerns:
Suppose someone decides to upload their smut collection into the address space. What incentive does anyone else have to host the data? What means do they have to remove this data locally? Can nodes hold incomplete portions to be recreated by the requester? If every node purged specific data, would the network become invalidated?
Suppose someone uploaded a service. Would its availability be proportional to its popularity? (something like reinforced weighting of paths within a neural network [each node hop adds data to a leaky bucket proxy cache]).
Suppose someone uploaded false slanderous material. Could it be removed, modified? How could we address the 'latest' version of some material? (I assume data does not change in time and space)
Do you have thoughts on purely off-network code execution? Rather than defining an interpreter build up from MerkleAxioms (NAND, 321-bit addresses), a block of data could declare "this is an ambiguous version of javascript" followed by code including predictable public global variables (same address space, sequential time space). As long as some node runs the code locally and writes the outputs, there isn't much to verify. We can argue about whether it is truthy, but it's no longer deterministic as far as MerkleWeb. Would that be a problem? What prevents MerkleWeb from becoming primarily a global public copy-on-write versioned filesystem? Could that swamp the benefits or would it only make the network more robust?
If I recall from ZFS, addressing the full 128-bit address space would require more energy than required to boil the oceans. Does MerkleWeb require vastly more space to minimize random allocation collisions? Furthermore, if you expect the time component to represent cycles (rather than seconds or blocks), perhaps 64-bits is not sufficient? Running a trillion calculations per second is less than a year, or a few hundred years at a billion calcs per second.
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The politicans of power are not sponsored by ordinary people and credit cards. They are directed by shadowy organizations, you might call them zionists, illuminati, freemasons. The Obama is only a puppet in theyr hands.
fun fact: this guy is a nazi (and I'm entirely serious!) who knew that Bitcoin would attract such people  Confused! Who you referring to as a Nazi? The writer of the post you quoted, or Obama? Personally, I care less, but am curious, hence the question. ~Bruno~ I'm nazi. National Socialist, to be exact. Bitcoin attracts me because it is technological brilliant idea and it gives freedom from jewish bank systems and impending new world order. Bitcoin gives freedom. I'm also a computer hacker (in both terms of this word) and the Bitcoin is a thing that has never been seen before and the change it might bring to society is hard to imagine. It will change world more than printing press and steam engine have done. It's actually funny that someone read my posts here and remember them  Now that that's cleared up. Personally, I don't have any qualms with you. In fact, if your were near-by, I would buy you lunch--seriously. We would possible discuss hacking together a couple 'pepper bellies', if you get my drift. Later, MysteryMiner. ~Bruno~ . I didn't want to pursue it (would have been off topic), but I found the whole discourse unsettling. While off topic... after the first world war, Germany was forced to pay unsustainable war debts, printed money, and slid into hyperinflation within a few years. Stabalization a decade later, far from helping, threw nearly the whole nation out of a job. Why the Germans turned on the Jews rather than the French, I'm not entirely sure; Probably because no one wants to make enemies with someone who's already beaten you and continues to fuck you, it's easier to kick the dog. The setting was ripe for some strong sociopath to take control. The world is hardly at war today (at worst voluntary wars of political whim), yet nations are similarly indebted and printing money. I expect we'll have a few Hitlers, as I see no indication we've learned anything from the past; quite the contrary, we're following the same patterns while denying the inevitable destination. |
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customer buys bitcoins at market rate and buys a gift with bitcoins right way
merchant sells (keeps) the bitcoins
My sales have gone up quite a bit in the past month. Some newbies ask if I'll accept PayPal, etc, to which I answer 'no'. They go off to convert paper to digital and the economy grows. I presume other merchants will say the same. |
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Using this strategy, it may be practical to only verify 1 in every million bits, as long as they're randomly... Verifying data (with hash checksums) is trivial. Verifying x inputs, y algorithms, and z results is not trivial. Changing the world is rarely easy, but MerkleWeb is worth the effort. A bitcoin reorg occurs because of rare race conditions or expensive malicious attack. But shouldn't lazy evaluation produce situations that will make rollback likely, more frequent, and to unpredictable depth?. Intensionally producing inconsistent state (Gödel) would be an obvious DDoS attack vector, no? |
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Iraq plus Khuzestan Province and Kuwait would have been a major economic and military power under the strong, semi-secular and stable Ba'ath party.
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