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2361  Alternate cryptocurrencies / Altcoin Discussion / Re: XRP distribution proposal: the paying faucet on: March 01, 2013, 06:40:01 PM
I'd also say people should not focus too much on these XRPs. The original concept of Ripple (it was conceived in 2004) is not about a built-in unit, but rather about peer-to-peer bartering and banking with any currency, even Ithaca Hours or whatever. Thus, this is not OpenCoin propaganda.

These XRPs seem to be a technical necessity for the current implementation of Ripple. As long as they solely function in a role as some kind of stamps, I wouldn't mind much if there is a little centralization to them. But if people hype it up into a proper, widespread currency, and if also the OpenCoin organization wants them to become more valuable, then it's indeed problematic.
2362  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple: XRP Price Speculation on: March 01, 2013, 06:24:42 PM
XRPs should not become much more expensive than they currently are. They're basically a fee to create an account, and that fee shouldn't be all that high.
2363  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Micro-trust thread on: March 01, 2013, 06:20:19 PM
rUdPvX9YN1NwyniwiJeSW6y3YKZL84gsB6
2364  Bitcoin / Press / Re: 2013-02-28 Heise.de - Bitcoin-Wechselkurs auf Allzeithoch (BTC at all time high) on: March 01, 2013, 01:22:24 AM
let's see how the comments look like …

don't  Smiley
2365  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: February 28, 2013, 03:06:31 PM
Quote from: heise.de
Zum Handelsstart am Donnerstag

lolwut?

2366  Other / Off-topic / Re: Listenning to Brian May on: February 28, 2013, 11:21:12 AM
Grooveshark is not available here in Germany.  Sad
2367  Bitcoin / Bitcoin Discussion / Re: RSA Conference 2013: Experts Say It's Time to Prepare for a 'Post-Crypto' World on: February 27, 2013, 10:46:24 PM
bye bye Bitcoin, it was nice knowing you.  Cry
2368  Bitcoin / Bitcoin Discussion / RSA Conference 2013: Experts Say It's Time to Prepare for a 'Post-Crypto' World on: February 27, 2013, 10:46:04 PM
https://threatpost.com/en_us/blogs/rsa-conference-2013-experts-say-its-time-prepare-post-crypto-world-022613

Quote
SAN FRANCISCO--In the current climate of continuous attacks and intrusions by APT crews, government-sponsored groups and others organizations, cryptography is becoming less and less important and defenders need to start thinking about new ways to protect data on systems that they assume are compromised, one of the fathers of public-key cryptography said Tuesday. Adi Shamir, who helped design the original RSA algorithm, said that security experts should be preparing for a "post-cryptography" world.

"I definitely believe that cryptography is becoming less important. In effect, even the most secure computer systems in the most isolated locations have been penetrated over the last couple of years by a series of APTs and other advanced attacks," Shamir, of the Weizmann Institute of Science in Israel, said during the Cryptographers' Panel session at the RSA Conference here today.

"We should rethink how we protect ourselves. Traditionally we have thought about two lines of defense. The first was to prevent the insertion of the APT with antivirus and other defenses. The second was to detect the activity of the APT once it's there. But recent history has shown us that the APT can survive both of these defenses and operate for several years."



Shamir, who shared the panel with Ron Rivest of MIT, Dan Boneh of Stanford University, Whitfield Diffie of ICANN and Ari Juels of RSA Labs, said that the continued assaults on corporate and government networks by sophisticated attackers in recent years has become the most important development in the security world. The time, he said, has come for security researchers and others involved in defending networks to look for methods other than cryptography that are capable of securing their sensitive data.

"It's very hard to use cryptography effectively if you assume an APT is watching everything on a system," Shamir said. "We need to think about security in a post-cryptography world."

One way to help shore up defenses would be to improve--or replace--the existing certificate authority infrastructure, the panelists said. The recent spate of attacks on CAs such as Comodo, DigiNotar and others has shown the inherent weaknesses in that system and there needs to be some serious work done on what can be done to fix it, they said.

"We need a PKI where people can specify who they want to trust, and we don't have that," said Rivest, another of the co-authors of the RSA algorithm. "We really need a PKI that not only is flexible in the sense that the relying party specifies what they trust but also in the sense of being able to tolerate failures, or perhaps government-mandated failures. We still have a very fragile and pollyanna-ish approach to PKI. We need to have a more robust outlook on that."

Shamir pointed to the incident recently in which TurkTrust, a Turkish CA, was found to have issued subordinate certificates for Google domains to two separate parties, one of which was a Turkish government contractor. He said he wouldn't be surprised to see other such incidents crop up.

"I think you will see more and more events like this, where a CA under pressure from a government will behave in strange ways," he said. "It brings into question whether the basis of security, the PKI infrastructure, is under severe strain."


2369  Economy / Speculation / Re: Bitcoing I Ching reading on: February 27, 2013, 12:54:08 AM
lol @ using SatoshiDice to toss the coins. That's beauty.
2370  Local / Off-Topic (Deutsch) / Re: versteht ihr Ripple? on: February 26, 2013, 02:39:39 PM
Die geläufigerere Übersetzung für "line of credit" ist einfach Kreditrahmen.  Smiley
2371  Local / Treffen / Re: [BitcoinMUC] Münchner Bitcoin Nutzer Treffen on: February 26, 2013, 10:43:45 AM
eigentlich geht's bei Ripple (bei der ursprünglichen idee) ja nich um die XRP oder irgendeine fest eingebaute werteinheit.

viele hier traden schon damit, typisch  Roll Eyes

diese XRPs sind doch vollkommen von der "Zentralbank" bei OpenCoin abhängig, also kaufen würd ich keine und als Wertanlage betrachten auch nicht.

dass man mindestens 300 XRPs braucht, damit überhaupt was geht, schmeckt mir auch irgendwie nicht.

das behindert doch die akzeptanz und verbreitung.

dass der joel katz gepostet hat, dass er zu den XRPs keine aussagen machen darf, ist auch beunruhigend.

wenn sie damit irgendwie ihre entwicklung quasi finanzieren wollen, können sie das doch sagen, das wär dann wie anleihen oder bonds, mehr transparenz bittschön.
2372  Bitcoin / Bitcoin Discussion / Re: Is this the first Bitcoin White Paper? (not a joke!) on: February 26, 2013, 10:28:26 AM
this is more akin to http://www.digitalcoin.info/ aka what is proposed in the "Money as Debt" series.

it's also more akin to Ripple.
2373  Local / Anfänger und Hilfe / Re: Bitcoin Handel - Steuer on: February 25, 2013, 06:31:07 PM
2. Szenario: Ich gewinne bei einer BTC-Lotterie 1000 BTC. Wie muss ich diese versteuern?

ach du warst das
2374  Other / Politics & Society / Re: How The Government & Media Cheated Ron Paul on: February 25, 2013, 11:57:27 AM
I'd answer it with an infamous piece of Marxist propaganda:  (To which I happen to agree on. I know that makes you libertarians very mad. Grin)
From each according to his ability, to each according to his needs!


I'm also critical towards any -isms, both libertarianism and Marxism.

Marx's quote never made sense to me either. Who's "each"? Out of which set? A commune? A company? A co-operative? A nation? The world? The galaxy? The universe?

Are the technologically advanced inhabitants of the Zeta Reticuli system obliged to give each inhabitant of the more backward planets like Earth a space glider? That's basically what Marx would tell them.
2375  Economy / Speculation / Re: Mystical Speculation: Bitcoin Tarot Card Reading on: February 24, 2013, 10:45:43 PM
I also did a reading, and I got this:


Lovers in The Tower
The Moon and Sun divided
And The Hanged Man smiles

Lovers in The Tower
The Moon and Sun divided
Let The Fool decide  Shocked


http://www.youtube.com/watch?v=GVTeN4xs7Do

wondering if Mr Dickinson ever heard of this thread. Or Bitcoin for that matter.  Cheesy
2376  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple on: February 24, 2013, 12:13:25 PM
Your hour of programming was exchanged against something, usually a salary.

not so fast. Salary of what? I'm not there yet in my example.

So in a nutshell, money quantifies the value of exchanged goods and services.

that's not what money is. That's what money does.
2377  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple on: February 24, 2013, 11:16:57 AM
as already said, is a measure of value. You must have a standard for the measure.

no, that's a denomination then, a certain currency if you will, which may or may not fulfill your requirement for a stable, "objective standard". Which standard anyway? There could be several standards. A gold standard, an oil standard, a basket of commodities standard, etc...

That I contributed to society with 1 hour of programming is information. Now I need to store this information in some way that society agrees that I can redeem equivalent value from that society in the future. That's the problem that money is trying to solve. That we use gold, euros, dollars, bitcoins or whatever is just the current state of the available technology, toolset and the prevalent mindset in society.
2378  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple on: February 24, 2013, 10:24:09 AM
When you think about it: why are we using scarce commodities as sound money? Isn't that kind-of unfair and/or unflexible (I know, I sound like a fucking keynesian now).

yup, what I've been saying all along. Money is just information.

Scarce commodities, even Bitcoin, don't solve the problem of shortages in money supply like in this parable: http://www.nationalreview.com/corner/286017/euro-parable-john-derbyshire

The German tourist's 100 EUR were temporary extension of money supply. That's why we have business cycle policies. Keynes et al just didn't understand that credit has to be created by the people, bottom up, rather than top-down by a central bank.
2379  Other / Off-topic / Re: Bitcoin = Code geass? *Coincidences on: February 23, 2013, 11:29:51 PM
I'm old.
2380  Economy / Speculation / Re: BTC Crash!!! on: February 23, 2013, 10:52:52 PM
Not the same thing at all - Ripple seems to be just a social network solution to simplify some of the transactions people want to perform with eachother so that no middleman is needed (or has to be paid extra). It addresses none of the problems of money-as-debt fiat-currencies.

just as Bitcoin is both a currency and a payment system, there's also more to Ripple (the original idea anyway). It's exactly all about what you describe: self-issued credit.
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