Bitcoin didn't move an inch during the Cyprus crisis, the recent Chinese stock drop nor during the Greek referendum.

Bitcoin may not rise during a crisis due to poor mainstream adoption, but it certainly won't fall.

If people have switched to Bitcoin then further printing more fiat would cause hyper inflation really fast.
In a Bitcoin world governments will never be able to borrow money in a realistic sensible manor.

The jig is up, no more free money for people who don't deserve it.

In a Bitcoin world debt would be much lower for the simple reason that Bitcoin itself would always appreciate as long as the economy did (or coins are lost).

In order to get a loan you would have to have a very serious project.

I think this would make the world better as people would try to save instead of spend and investments and loans would be more sensible.
I think that would be very healthy for the world and its people

Of course Keynesians would prefer more debt, more spending, more waste and burning the world if that is what it takes for more GROWTH!!!!

I have designed my own NFC Bitcoin card.

The NFC implementation is much better than that of the banks I believe:
What the card does is to store the addresses you pay to. Once you have paid someone twice before you can pay them by just swiping.

Because I use addresses in this way users won't have to worry about wireless pick-pockets! (because the thieves addresses wont be trusted)

My website:
http://blochstech.com/

Right and using HTTPS makes me a terrorist right?

What a brainwashed statist statement.

I wish they would just build in decentralized mixing in all the wallets.

Pools of 3-4 wallets take turns mixing so each wallet does the mixing in one round. This ensures that at least when your own wallet does the mixing it will be honest.
The members of the pool you participate in should change for each round if possible.

This would be very simple to do and it would make chain analysis impossible. We don't need super fancy algorithms that no one understands/implements well.

I have 2 factor authentication on my paper wallets: They are encrypted and kept locked up

It won't matter. Bitcoin will succeed even with sketchy privacy. Any trivial mixing will be enough.

Governments can't crack down on massive movements, only small individuals and organizations.

Case in point: Torrent, its illegal but they can't stop it although they could easily trace people's IPs.

5460 Satoshis in fact, not 5430.

P2P markets like Open Bazaar that cannot be shut down and reward halving are two strong indicators to me that the price could go up.

Usability and adoption have also grown during the past 2 years lull.

At the very least 230$ seems to have become a very stable floor - stable currencies are seen as strong and usually increase in value during crisis.

I'm on the board of the Danish Bitcoin Foundation - an affiliate of TBF.

They are not answering our emails anymore, we don't have any contact person with them and their membership system that we integrated into our site is down/not working.

They are pretty goddamn dead it seems to me...

Please let me be an editor:
"Realpra1"

I had found this great Stratum wiki here:
http://electrum.orain.org/wiki/Stratum_protocol_specification

Now when I go to that link it redirects me to the pornhub web site I kid you not - what gives? Sabotage?

For all the talk of documentation in posts / anywhere I'm having trouble finding out how this works and the expected syntax for commands.
Can anyone help with this problem for instance:
http://bitcoin.stackexchange.com/questions/40556/how-do-i-get-merkle-branches-using-the-stratum-protocol

Thanks for answering me Teukon!

You're right about medians... we don't really have many great options on the table do we, everything seems to have a catch!

If BIP100 uses the 20% percentile I would guess it would be coded so 1mb is still the minimum limit - so that takes care of the 20% attack setting it to 0mb.
Can anyone confirm that or is it just common sense?

If so I might still like BIP100 even if not perfect.

Just want to add my 2 cents/ask if I got it right.

This I believe is the central core of BIP100, copied from the documentation:
Miners vote by encoding ‘BV’+BlockSizeRequestValue into coinbase scriptSig, e.g.
“/BV8000000/” to vote for 8M. Votes are evaluated by dropping bottom 20% and top
20%, and then the most common floor (minimum) is chosen.

(link)

The way I understand it, it means this:
1. The 20% lowest and highest votes from miners are dropped.
2. "The most common floor is chosen" - a floor function converts decimals to integers, so a vote for 8.9 mb becomes a 8 mb vote. (Is that correct?)
3. In the case that there are equal votes for say 7mb and 8mb the lowest (minimum) floor is chosen - so 7mb.

Honestly I think that sentence is pretty unclear. What if there are floors 9, 10, 11, 12, 13 with all "one" vote each and I come in with 20-30% of mining power and vote twice for 0?
Under that definition my floor of 0 would win right?

Can someone spell it out for me?

Alternative understanding:
Block size is set to be the lowest 21 percentile vote - not safe!


I think a better implementation/description would be:
"50 percentile median of votes - done". (not average - MEDIAN)

That way if its broken, well you are already under 51% attack and need to do something anyway.

Just started looking into the Electrum protocol layer "Stratum" myself. The documentation sucks a bit, but have some links:

http://electrum.orain.org/wiki/Stratum_protocol_specification
https://docs.google.com/document/d/17zHy1SUlhgtCMbypO8cHgpWH73V5iUQKk_0rWvMqSNs/edit?hl=en_US&pli=1#

XT has lost my support. Not so much because of this - TOR is useless anyway if it can't protect itself.

No XT has lost my support because:
1. The consensus threshold is too low. 80-90% is better than 75%.
2. XT introduces many new things, the block size consensus debate is too important
for distractions.

BIP 100 holds more promise I believe - although I think it should operate with the requested blocksize of the 50 percentile median rather than the 20 percentile.

BIP 100 is simple and solves the problem elegantly - XT is complex, muddled and makes assumptions 20 years out.

Totally legal and there is nothing wrong with it.

There can be cases where this is desirable also, for instance if you need confirmed outputs to spend, it helps you to create more outputs you can spend - so you don't have to do just one transaction per hour.

Bitcoin is the largest super computer in the entire world.... x500-2000!

I think we would be just fine if there was 100 times less mining.