This is because russians doesn't have money and job, they have pure interest and a lot of spare time.
You can see this if you compare volumes on mtgox and btcex.
Wow, your avatar is pretty cool... where did you get it?  |
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I think you can put it directly inside this thread:  |
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I'm surprised nobody has suggested that gavin is satoshi.
Satoshi used to discuss with Gavin on this very forum. I very much doubt Satoshi would be paranoiac enough to simulate a dialog with an other person, just in order to hide his identity. He's done everything else necessary to hide his identity. Also, Gavin is from Australia - where British spelling prevails. So that is in line with what sjb noted about Satoshi's writing style. So Gavin would be Satoshi?? Naahhh, I just don't buy it. I actually still believe that Satoshi Nakamoto is his real name, that he is japanese but probably lives in US or UK. |
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I pledge 1 BTC to whoever makes a nice picture mocking this guy selling his psychic powers. Him levitating carots or something |
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I'm surprised nobody has suggested that gavin is satoshi.
Satoshi used to discuss with Gavin on this very forum. I very much doubt Satoshi would be paranoiac enough to simulate a dialog with an other person, just in order to hide his identity. |
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Anyway, as often, the answer can be found in Satoshi's paper: It is possible to verify payments without running a full network node. A user only needs to keep
a copy of the block headers of the longest proof-of-work chain, which he can get by querying
network nodes until he's convinced he has the longest chain, and obtain the Merkle branch
linking the transaction to the block it's timestamped in. He can't check the transaction for
himself, but by linking it to a place in the chain, he can see that a network node has accepted it,
and blocks added after it further confirm the network has accepted it.
As such, the verification is reliable as long as honest nodes control the network, but is more
vulnerable if the network is overpowered by an attacker. While network nodes can verify
transactions for themselves, the simplified method can be fooled by an attacker's fabricated
transactions for as long as the attacker can continue to overpower the network. One strategy to
protect against this would be to accept alerts from network nodes when they detect an invalid
block, prompting the user's software to download the full block and alerted transactions to
confirm the inconsistency. Businesses that receive frequent payments will probably still want to
run their own nodes for more independent security and quicker verification.
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You've missed my point. Yes, the CURRENT software will detect it. But FUTURE versions that use the block-header-only protocol WILL NOT.
Ok I confess I don't know much about this light version of the protocol. I'll have to read more about that. |
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Does everybody realise how easy it would be to detect such an "unorthodox miner" ??
The software THAT YOU HAVE INSTALLED on your computer does it, and even you can do it "manually".
The reward transaction is the first one in the block: you just have to look at it.
After block 210,000, If the reward is greater than 25BTC (apart from transaction fees), then you have been silly enough to install the cartel's version of the software. In that case, all you have to do is uninstall this software and reinstall Satoshi's or Gavin's version.
End of story.
How hard is that?
To me, this Timothy Lee's article has been given way too much credit. It's not a new idea, and it's not even smart.
Bitcoin is not a democracy: nobody has to suffer from the stupidity of the majority of people.
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I guess this poll is self-explanatory. Please vote.
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I'm a gold bug myself yet I adopted Bitcoin at first sight, and I'm pretty sure I'm not alone here, which certainly prove the 2 aren't incompatible.
This gives me an idea for a poll. Edit. Here it is: http://bitcointalk.org/index.php?topic=6392.0 |
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I think being mocked a bit is a good punishment for being a smart ass.
If you think you are clever enough to lecture people about stuffs, you have to assume it.
A lot of people are doing and writing very smart things, and yet they don't feel the narcissic urge of showing their face on Youtube.
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Sent 0.64 BTC
By the way I liked your version of Pink Floyd's Marooned. I don't know much about PF but that definitely made me feel like listening to this band. Thanks.
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What are your views on the first crash? When will it happen? What would be the price of bitcoin after the crash? What is your strategy to survive it?
"surviving a bitcoin crash"?! Come'on, it would be silly to put all your wealth into bitcoins, just as it would be silly to put all your wealth into any single financial asset. There are other places where to put your money. Precious metals, stocks, real estates and so on. I doubt anybody would get seriously hurt by a bitcoin bubble crash. Only some greedy fools will. |
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On another note, grondilu, don't forget that if you price your goods for 100,000 EUR or 1 BTC, that you'll be paying taxes on the euro price, whether it sold for euros or not.
Oh yeah I forgot about that. |
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What's stopping me to use double priced labels and put a ridiculously large amount in euros on them ?
Exemple for a candy bar:
"
delicious candy bar
Price:
1 BTC
100 000 EUR
"
That you can do. I think as long as there is a pricetag in euros, anything goes. Yeah that's what I thought. So "legal tender" doesn't mean much, because selling a candy bar at 100,000 EUR piece, it's pretty much like refusing EUR as a paiement. Reminds me when I bought a 50pesos gold coin once. The coin was worth around 600EUR, and when I asked for the price, she just said 800EUR. It seemed to me she didn't really want to sell her coin, so she said a large number. I know it because she looked a bit surprised when I said yes. |
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This is a weird idea. If I am not allowed to refuse dollars, I'll just demand a huge amount of them.
For instance, I can ask a gram of gold for a stuff I sell, but $1,000 for that same stuff.
Not quite. I'm not sure about American legislation, but since we're both French, I can tell you how it would work between you and I. Say you're looking to trade a pig. If you're willing to take my goat for it, then this is barter. In this case, this is a trade between individuals. On the other hand, if you're a vendor, you have to price the goods you put up for sale. There are two consequences to this: the price has to be made public, this means if I see a price tag on something in your store, I can legally purchase that good for that price, even if you messed up with the tag. Second consequence is that you can't refuse to sell anything priced in your store as long as I can meet your price in euros. I think there is something about 24h notice before a price change, so that you can't sell me something for €20 and ask €40 for it from the guy right next to me. Now I don't know about the US, that's why I'm asking about it. What's stopping me from using double priced labels and put a ridiculously large amount in euros on them ? Exemple for a candy bar: " delicious candy bar Price: 1 BTC 100 000 EUR " |
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BitCoin solves the problem of how to have a widely used monetary unit without trusting anyone, by implementing a distributed proof-of-time server.
Better work on that somewhat. Anyone who you tell that to is going to be totally confused as to what a time server has to do with a monetary unit, and if you don't have time to elaborate you've lost them. Sure. I just think this distributed timestamp network is a cool side effect. |
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You sure about that? I thought vendors could accept any form of payment but were not allowed to refuse payments in dollars.
This is a weird idea. If I am not allowed to refuse dollars, I'll just demand a huge amount of them. For instance, I can ask a gram of gold for a stuff I sell, but $1,000 for that same stuff. |
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Pens save glucose from not having to memorize everything.
Oh yeah I confess I forgot about this usage. |
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