Haha, granted, Obama isn't perfect. But do you really think that he is such a bad president or neglecting everything, rather than that newspapers write dramatic stuff just to sell more copies? Good point. If only they all would "do nothing" and leave us alone.  |
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FWIW, here's my entrant into the moto milieu:
"Anoncoin - because your business is none of my business."
my is too specific, our is better i'd say I just updated the byline https://anoncoin.net/For info, I've modified a lot of the text on the web site over the past couple of weeks. If you have any comments, even for typos, send me a PM. The "services" page still needs work. Also, don't bother me about graphic design issues: This will be fixed by someone else... website again not avalilable to me now available "Your business is none of our business" hits hard on the page, looks very very good. now website not available again  Yes, this does look good! |
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Thanks! It's been a while since I reviewed these. I'll go brush up now. |
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I am especially excited about the prospects of OpenTransactions Chaumian True Digital Cash that is backed by bitcoin. If my understanding is correct this could solve both the anonymity problem and the potential future bitcoin transaction fee problem. If any of you have any more info on this I would love to hear it. Once voting pools are completed, it will be possible to safely deposit Bitcoins with OT transaction servers and have a reasonable assurance that you're actually going to get your deposits back. The transaction servers will issue signed promissory notes for the deposits which can be used just like any other OT instrument. How are the bitcoins (backing) protected? Is this accomplished with some kind of multi-sig? |
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There are projects under development other than ethereum and I believe one or two will emerge as a digital asset management system. I expect Open-Transactions to be the system most likely to emerge as a financial instrument platform, for the simple reason that Fellow Traveller is refusing to fall into the appcoin tarpit. All these systems that are based around an appcoin will fail, but OT will stick around because it just tries to a useful software platform instead of also trying to be its own currency (P&D scheme). I think so too. Just as Bitcoin was the Black Swan of gold, OT might be the Black Swan of alt-coins/alt-chains. Any new technology that leverages the strength of the Bitcoin Blockchain has a much greater chance of success than those which try to compete with it. I am especially excited about the prospects of OpenTransactions Chaumian True Digital Cash that is backed by bitcoin. If my understanding is correct this could solve both the anonymity problem and the potential future bitcoin transaction fee problem. If any of you have any more info on this I would love to hear it. |
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FWIW, here's my entrant into the moto milieu:
"Anoncoin - because your business is none of my business."
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Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people. I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up. They call me Mr. Bitcoin Having a bitcoin wallet available in the appstore makes it very easy to demo bitcoin when at parties and pubs. May I ask what wallet you are using? I personally use the blockchain.info iPhone wallet, but last time I checked it's still not back. I've missed a couple opportunities to demo bitcoin now just because I'm not familiar with any of the wallets currently in the appstore. For demos I use "bitwallet" on iphone because it is quick to set up and I like the fact that you can scan private keys with it. There are few others that aren't bad either: "coinpocket" and "breadwallet." BTW, I used to use "easywallet.org" via safari browser for demos before Apple started allowing bitcoin wallets. Fast, great user interface but they need to bookmark the page in order to not lose their bitcoins. It is run by Jeremy Kangas of LocalBitcoins.com and it is a web wallet. EDIT: For android I recommend Mycelium all the way. By far my favorite mobile wallet. Easy key management and you can spend from cold storage/paper wallets. |
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This movie looks fantastic. And it being released after the Snowden revelations and during the bitcoin boom seems like ideal timing to get the public thinking about cryptography. If the film covers the treatment of Alan Turing after the war, then it may get viewers to reflect more deeply about the horrendous acts caused by big government when they think "they know what is best for people." Agreed. I will be looking forward to watching this. |
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Coinkee looks really nice. Is there any topics on bitcointalk for coinkee?
Not yet, it's fairly new. I will publish a deterministic build in the near future so people can check the source code or create their own. All I've done is create a custom Ubuntu LiveCD/USB combo with a pre-installed light version of bitaddress.org. It's nice and clean and I use it all the time to generate paper wallets for all kinds of use cases. What's great is that the private keys never touch the internet until I choose to "cash them in" and when I do that I transfer the change to a new cold/paper wallet. Mycelium android wallet is good for that. |
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If I did own a lot of bitcoins I would just use xapo.com. I'm not trying to advertise or anything but they are fully insured, so it is simply not possible to lose your bitcoins. Also I could easily lose the private key, paper wallet, or wherever I stored it. My house could burn down, someone could steal it, too much risk.
If you don't have possession of the private keys then all you hold is a promissory note. Here is a tool I've created for myself and my clients: http://coinkee.comYou can create something like this for yourself. Download the bitaddress.org files from the source and save them directly to a new flash drive and create a ubuntu LiveCD to boot up with before accessing the USB/bitaddress files. Don't connect to the internet and print your paper wallets using a printer cable to your printer (not wifi). Use the LiveCD and the USB for creating wallets only and for no other purpose. Create BIP38 encrypted paper wallets with multiple copies (backups) and store them in geographically diverse locations (house, office, relative's home). Do this and you should be good to go. You can "cash" the paper wallets using wallets like Mycelium or Blockchain.info. EDIT: You can create a custom Ubuntu LiveCD/USB with bitaddress.org pre-installed so you don't have to have a separate flash drive to hold the bitaddress files. |
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Paper wallets (3 copies, each stored in a different location) created in a secure environment with the private key encrypted using BIP38. Here is a tool I created for myself and my clients: http://coinkee.comTraderSteve |
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Here's an interesting quote from Mr. Masters:
“Despite all the advances in technology we’ve seen over the last couple decades, we basically have had no change to the way we bank or do transactions. It’s the same thing, only they’ve put it online. If I want to wire money from London to Beijing, I still get charged an outrageous amount of money for it, and it takes days. Meanwhile, where the f*** is my money?”Source: http://www.newsweek.com/ex-jp-morgan-trader-joins-bitcoin-bulls-launching-hedge-funds-258494Apparently bankers hate banks too! LOL |
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There's an enormous difference between a de-regulated world and a lawless world. Removing regulation doesn't mean that people can defraud and murder with impunity. Quite the contrary I would say. In a de-regulated world, one must build a solid reputation to earn trust. And so reputation becomes more valuable and thus more protected than in a world where the state attempts to remove all risk.
The state attempts (and in many cases succeeds) to remove risk because failures at building a solid reputation, that is, negligence, result in people dying, a consequence that no law can amend. That there is no impunity is little compensation to the sufferers. Bitcoin has proven an awesome case study in the 'de-regulated' world. I cannot count the number of times some entity 'built a solid reputation' for just long enough to take their cash-out at an opportune time. Over and over again we saw (and probably will continue to see) exchanges and wallet services fold and take everyone's money. Usually the give back a pittance to preserve some plausible deniability. The ratio of people who have been chumped out of their BTC vs the number of people who ever held any is truly impressive. Were such a ratio observed in the real world where the stakes are higher it would be an unmitigated disaster. In my analysis I would say that many Libertarians (at least in Bitcoinland, but elsewhere as well) have animosity toward regulation and enforcement mainly because in their world they defrauded (or would like to defraud) people fair and square, and the evil state sometimes holds them to account. How unjust! Again, in the real world, we see time and time again that when someone says 'de-regulation' it's time to put your hand on your wallet because your pocket is about to be picked. It's even worse than that though because most of those who claim to want de-regulation actually want anything but. They are perfectly happy to use state powers to quash and harass competition and apply muscle to the population they are shaking down. In an environment such as this I am a 'small government' type of guy, and such a thing is becoming more and more or a problem here in the U.S. I like to break things down into simple, first principles. In affairs of human relations the primary question I always ask is this: "is this relationship one of mutual voluntary assent or is someone being coerced?" I find this an excellent filter which usually identifies the State as the most common aggressor. I found the following essay to be very interesting in that regard: A Way To Be Free - by Robert LeFevre http://centerforselfrule.org/a-way-to-be-free/ |
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Oversight yes in a lot of cases however since unregulated markets often lead to collusion, price fixing, fraud, and other sorts of mischief.
Oversight from whom? Who watches the watchers? I think what tvbcof is pointing out is that in a totally unregulated world, humans tend to murder, rape, pillage, steal, cheat and much more. Because there are around one billion too many people on the planet, some level of regulation is required in most aspects of life. Tools of self-defense (bitcoin being one of them) that enable you to better protect your life, liberty and property definitely raise the costs of violence. The State, of course, is one of the most prominent aggressors. Departments of "pre-crime" are everywhere. The State regularly commits "certain" acts of violence in order to deter "possible" acts of violence. An abomination really. Regarding "one billion too many people": Who is one of the "too many?" Is it me? Is it you? Who decides? How do you know there are too many? Reality: There will never be a "perfect" world where violence does not exist. That doesn't preclude us from doing the activities that can help make it better: 1. Education - show others the benefits of peaceful, voluntary association 2. Self-Government ("Autarchy" as coined by Robert LeFevre) - make sure that we, ourselves, are not violators of other people's life, liberty and property. 3. Self-Defense - continue building the tools that help protect us from the sociopaths and ignorants that do not respond to #1. |
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Hi everybody, We're a week or so away from releasing the first public version of BitKey, an open source live USB key distribution designed to make secure (e.g., offline) Bitcoin transactions easier: http://bitkey.io/We'd like to get feedback from anyone who might be interested in using something like this and/or collaborating with us on the development of future versions. Alon and I usually have our hands full developing TurnKey Linux, but we've been super enthusiastic fans of Bitcoin from early on. After going to our first local Bitcoin meetup we discovered the elephant in the room was that there was no easy way to perform Bitcoin transactions with adequate security. People who didn't know enough to be paranoid were making themselves easy targets to Bitcoin stealing malware, browser man-in-the-middle attacks and a whole zoo of attacks that were old school a decade ago, while the more cautious, security-minded folks seemed to be reinventing the wheel and coming up with various cruel and unusual ad-hoc solutions such as booting from a Live Ubuntu CD offline and pointing their browser at a copy of bitaddress to create a simple paper wallet. We started working on BitKey as soon as we realized we could come up with something better that we would want to use ourselves and that others might be interested as well. So far we and a few other friends in the local Israeli bitcoin community have been the only users of the prototype versions but it's already at a point where it's much more usable than the ad-hoc stuff we were using before. We just need to sand off a few more rough edges and we'll be ready to go. Cheers, Liraz Siri TurnKey Linux co-founder Excited to see this project. I would like to support - let me know if you have a donation address to send some coins to. |
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Funny how I used to laugh at those people who called gold the "barbarous relic" but since I've discovered Bitcoin I'm beginning to feel the same way. As a former precious metals dealer I appreciate how Bitcoin is so darn easy to use and precious metals are such a chore to deal with. I'm excited to see what the future will continue to bring. Maybe Open Transactions anonymous digital cash secured by bitcoin? Now that would be cool...
That's because gold as money/store of value wasn't outdated until bitcoin showed up. You were right to laugh then, and you are right to feel this way now. So true. Bitcoin was the unexpected "Black Swan." |
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Funny how I used to laugh at those people who called gold the "barbarous relic" but since I've discovered Bitcoin I'm beginning to feel the same way. As a former precious metals dealer I appreciate how Bitcoin is so darn easy to use and precious metals are such a chore to deal with. I'm excited to see what the future will continue to bring. Maybe Open Transactions anonymous digital cash secured by bitcoin? Now that would be cool...
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He basically says that storing bitcoin is easy for individuals, but for organizations of diverse type it is difficult and costly. Interesting. Which to be perfectly honest, is a stupid thing to assert. If you think about it for a minute you'll see that it really is not possible for employees of an organization to get away with stealing the org's bitcoin, any more than they can get away with draining their traditional bank accounts. If they use multisig, and the bitcoins disappear, the blockchain will show who signed. Organizations aren't so idiotic that they wouldn't bother to record whose keys are whose. They'll see Bob and Mallory signed the 2/3 and stole the funds, Bob and Mallory are arrested. They may say "we were hacked" but they can save it for the judge. Now, in the case of bitcoin, Bob and Mallory can refuse to cooperate so the org might not get their money back. But I don't see what's tempting about this crime, seems like a dumb thing to do. i agree. the only way it works is if the organization itself is criminal and suspicion reigns supreme throughout. even then, it might be a dangerous thing to do in that situation. And, they can also divide their stash and give control to separate departments within the organization. Yes, multi-sig on the main accounts and then officers of the corporation can have "expense account wallets" where they control their own private keys and turn in receipts for their purchases when it is time to "top up" the expense account. |
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"country will relax" my ass. We shall starve and suffocate them. The officials will have no budget. Their pensions are extinguished. Their salaries are inflated away. The politicians will be laughed at, when they try to offer spoils to the voters. The servicemen abroad will, when their machinery stops due to lack of maintenance, when they have no fuel for their warships for lack of pay, when they have no food left, quietly leave the warships, team up with a local woman and start small scale vegetable production, forget to write home. You nailed it. Statists will have to compete for our bitcoins by offering their "services" on a voluntary basis. Fewer and fewer proposals will get funded and individuals overall will prosper. I can't think of a more exciting time to be alive. |
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