so... what you are really saying is that the evil mining pool operators is oppressing the people and trying to demolish their right to democracy, by 'tax' manipulation?
No, what I'm saying is that this and yet bitcoin accepts such a situation as legitimate => bitcoin is democracy.
is wrong. Bitcoin doesn't accept such a situation. In fact, democracy breaks Bitcoin. |
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How do you figure? A majority (51%+) getting together to decide something is considered an "attack," a group getting together to change Bitcoin ends up creating a fork that all individuals simply ignore, no one can force any changes or rules on anyone (unless it's a 51% attack), and everyone only follows their own best interests, with only changes being accepted are ones people consider to benefit themselves, such as security and bug patches. To me it looks like complete anarchy and a specific rejection of democracy.
and if the majority(strictly more then 50%) of the miners decides to block a transaction the transaction will be block, as miners can decide that blocks including it is artificially invalid. Also if 51% majority decides to rewrite blockchain history it will happen too, the only thing that they cant touch is the 21M limit, and block creation rate. everything else they decides, even in every fork at once, as they can just switch chains as they like. The majority ultimately decides, its a democracy. Yes, but the democracy you describe is considered a very very bad thing, since it will break Bitcoin. Bitcoin can only continue to work as long as that democracy is resisted. Even to the point that mining pools try to avoid it (like how BTC Guild raised their fees from 3% to 7% when they got close to having 50% of mining power. As more and more people adopt it, Bitcoin will teach people that democracy rule is a bad thing and to be avoided. |
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After getting a terrible cold yesterday, ended up sleeping in today. Heading out now. Will do a Jordaan walking tour from TripAdvisor Amsterdam app, followed by arts history tour. Will have to do museums tomorrow, since it's late today.
If someone finds a nice place to have dinner, let us know.
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"Democracy: The original 51% attack".
why are you even on this forum then? don't you like bitcoin? If you like democracy and think 51%+ should control all decisions about currency, why are you on this forum and why do you like Bitcoin, if it specifically considers 51% democracy as a threat? and yet bitcoin accepts such a situation as legitimate => bitcoin is democracy. How do you figure? A majority (51%+) getting together to decide something is considered an "attack," a group getting together to change Bitcoin ends up creating a fork that all individuals simply ignore, no one can force any changes or rules on anyone (unless it's a 51% attack), and everyone only follows their own best interests, with only changes being accepted are ones people consider to benefit themselves, such as security and bug patches. To me it looks like complete anarchy and a specific rejection of democracy. |
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i believe the price will be even much more than 1000$ one day (even without US hyperinflation, hehe), that's why i am trying to stock up as much as i can now.  Then buy one btc, and sell it when it is higher than 1k usd  Sell for what, USD/EUR? Why? That's like saying, "As soon as my classic 1960's Aston Martin reaches $100,000, I'll sell it and get an AMC Gremlin  Just spend it on something you need, or hold on to it until you need to buy something. |
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Well to be clear, I want to go in the museum, not just near it ;p
I'm going to the museums tomorrow. Van Gogh, whatever others are nearby, and Anne Frank, before we get on a canal tour later in the evening. Anyone wants to meet up somewhere at some time? |
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Tak til alle for at komme til vores konference!  |
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Phewh! Glad I'm not on that list. Otherwise I would have felt obligated to come.
BTW, isn't ElectricMucus anti-bitcoin? He was bought an SA account as a gift for making fun of bitcoiners, and I suspect he doesn't have many coins anyway.
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I'm here until Wednesday afternoon, though Tuesday I'll be touring all over Holland, visiting clog and cheese factories and such. I'll be happy to meet up for lunch or dinner or something. I'll be using TripAdvisor's Amsterdam City Guide to do walking tours around the city. I have mobile web here, so feel free to hit me up here on the forums, or email me at rassah@xnicole.comOh, and thanks everyone for coming. All of us were very happy about how the convention turned out. It greatly surpassed our expectations |
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The CEO is at a Bitcoin conference in Amsterdam this week. I don't know if they have anyone else running things while he is away.
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Tonight's after con party is at:
Café Wheels
Wolvenstraat 4
1016EM Amsterdam
8pm
Bitcoin will be accepted
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"Democracy: The original 51% attack".
why are you even on this forum then? don't you like bitcoin? If you like democracy and think 51%+ should control all decisions about currency, why are you on this forum and why do you like Bitcoin, if it specifically considers 51% democracy as a threat? |
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if you walk to the end of the rozengracht, away from the center, then turn right onto marnixstraat you will see the big sign for the bar
7:30p - ?? Café Sound Garden Marnixstraat 164-166, 1016 TG Amsterdam, Netherlands Phone:+31 20 620 2853 Hours: Friday 1:00 pm – 1:00 am I was at 8pm and no one was there. Hope tomorrow I can put you face, because I still don't know you boys! Look for this guy  He's always carrying a black tablet with a "Bought with Bitcoin" sticker on it. |
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I'm heading over there now.
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We should make clear agreements where we meet and how late. To avoid things like this. So, are we doing this tomorrow? Friday the 27th: Conference has started, and likely plans will evolve, but if nothing is set into motion come to the famous Cafe Sound Garden (rated top 10 bars) in Jordaan at 7:30 PM for networking and chitchat (only a few minutes walk from conference) Site: http://www.cafesoundgarden.nl Map: http://goo.gl/YulcMM |
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At Bo Sinq. Don't think anyone else is here yet. Hungry :9 The two hours of sleep I got over the last 30 hours helped a lot.
Oop, people showed up! Were all the way back in the lounge.
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Having been up for 30 hours straight, I had to miss the second half of Thursday's presentations  Sorry to have missed Trezzor presentation. I'll be going to Hope to see you there |
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Landed, got tickets for public transport, dropped luggage off at hotel, heading to the conference. Should be there soon.
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i would think a more devious tactic would be if the us government forked the bitcoin client to create an alt coin we'll call them "safetycoins" since the us government is very fond of replacing the word "Oppression" with the word "Safety". So then they would premine the whole safetycoin blockchain and give them away as part of a stimulus plan. Then you could exchange each safety coin with fiat at your local post office for a rate of like 500 bucks each. They could even put a nice backdoor into the algorhtym that tracks the ip of every wallet. The general public would just see free money and be all over it.
That would just be the government giving away free money, and would not affect Bitcoin in any way, since the reason people use it is 1) decentralized 2) open source 3) anonymous. |
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