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241  Economy / Speculation / Re: So what if Pirate does not pay back, he has a full weekend to dump... on: August 18, 2012, 09:47:40 AM
people are so stupid, giving money to someone like that...

why , if you ask your self, there is no way to get those returns, at least not sustainably

gimme some btc, I'll make it rain, a bunch of goons,
just let the suckers suck it
242  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 15, 2012, 10:50:25 PM
now may be safe to say that bitcoin has almost no losing investors,
I doubt that buyers at 30 would not cost average at some time in a past year

I exclude day trading gamblers, and even those might soon be up in spite of fees
243  Economy / Speculation / Re: Do we break $12.67 today? on: August 15, 2012, 04:26:19 PM
but what happens after 13 ?
I see it is very thin, we need some sellers soon,
this creeping is too much fun to be spoiled by parabolic move
244  Bitcoin / Bitcoin Discussion / Re: raising awareness by giving away private keys on: August 13, 2012, 11:51:26 PM
how about this:

print the key and then cut it into a puzzle,
on the back of the paper, print some directions or hints where other parts might be,

that way, people will start asking about it, chat about it,
maybe even trade parts, if you make money large enough,
it will be fun

and if you want to help btc economy,
you can send me

that much I am short to place an order for some casascius coins Smiley

245  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 08, 2012, 10:11:21 PM
so, will gold and silver have a decent spike down any time soon ?
It seems highly unlikely.

The bull doesn't want anyone along for the ride, so there probably won't be any obvious dips as entry points. It's probably best to scale in and out by selling some BTC at spikes, then buying PMs.

I am waiting for silver parity,
somewhere around 20 usd Smiley

that would be a bomb , to catch these two at that level and make a partial transition
246  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 08, 2012, 05:56:58 PM
so, will gold and silver have a decent spike down any time soon ?

I am waiting to redistribute some from btc into PM-s,
they are good aphrodisiac, and for general bragging Smiley

while bitcoin is not there yet, it still has quite the opposite impact
247  Economy / Speculation / pension fund or not ? on: August 07, 2012, 05:46:59 PM
how would you qualify 50 btc holding as retirement plan ?

I have a few friends 30 years old, they bought only so much with intention to hold for 10 years or more.

they do have their jobs and all , but that will surely not be enough as it seems.

Should they buy more ?
they are stretching their budgets even now...

basically, speculation is
will it be possible to live of of 0.5 btc per month 20-30 years from now ?
248  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2012, 02:57:44 PM
http://sdw.ecb.europa.eu/quickview.do?SERIES_KEY=123.ILM.M.U2.C.LT01.Z5.EUR
249  Bitcoin / Project Development / Re: [ANNOUNCE] skude.se/BTC - an easier way to request your daily free coins on: August 05, 2012, 09:44:40 PM
what's the deal with coinslot ?

did any of you get anything from there ?
250  Bitcoin / Bitcoin Discussion / Re: 2 Million bitcoins unspent coins on: August 05, 2012, 08:48:08 AM
can you give some estimation for how many wallets or different keys these coins belong to

I mean,
can it be seen if those are in hands of a few owners or many ?
251  Economy / Speculation / Re: Who is buying expensive bitcoins? on: August 03, 2012, 06:51:16 PM
I was just wondering,
is this new money that is buying btc
or the money that has been sitting on exchanges for a while , waiting for a trigger ?
252  Economy / Speculation / Re: RALLY! on: August 02, 2012, 08:22:30 PM
but do you notice that price moved without big volumes ?
coins were only evading to be purchased,
they did not quite change hands
sellers are holding on to their power, and it grows in tandem with price

I am very bullish, but I would like if people just stopped for now,
let the market find some piece,
now all is too irrational, can't be good
253  Economy / Speculation / Re: google trends says there is no fuss at all on: August 02, 2012, 03:22:46 PM
but, again, why no news ?

it is like bitcoin is put on ignore,
people are certainly talking and taking notice

is mainstream media in secret agreement not to "advertize" ?
What about "it has been here before, and it ain't record breaking time yet"?

this time is for real Smiley
and breaking 10 usd barrier, nearing 10 mil mined coins, bl-rw halving soon,
should be at least some noise...
those Illuminati are really nasty bunch Smiley
254  Economy / Speculation / Re: google trends says there is no fuss at all on: August 02, 2012, 03:06:01 PM
but, again, why no news ?

it is like bitcoin is put on ignore,
people are certainly talking and taking notice

is mainstream media in secret agreement not to "advertize" ?
255  Economy / Speculation / google trends says there is no fuss at all on: August 02, 2012, 02:47:09 PM
and yet, price has doubled, it is too quiet rise, isn't that weird ?

where are all those news that should be covering this ?
is it a conspiracy ?

I cant believe that only us, (relatively) early adopters are acquiring more of the same,
I recently bought only small amounts for a few friends, under 100 btc in total

what do you think what is happening,
regarding the g trends, it should be showing at least a lagging increase...

256  Bitcoin / Development & Technical Discussion / Re: distributed escrow on: July 28, 2012, 10:27:42 PM
using shamir's secret sharing scheme ,
Which can't be used to implement escrows of the kind we usually talk about in Bitcoin— because it results in at least one (and potentially two) parties having complete control of the separated secret (the party who creates it, and the party who recovers it).

Perhaps you should start of by saying what you're trying to accomplish.

holders of key shares don't have to be able to read the key, just to hold it in their client until they are notified / requested to release it


escrow of all anonymous parties, that would be the goal
but i guess this is not quite as good as it seemed yesterday

i thought this could be used to verify bitcoin businesses,
owner escrows part of his capital as a sign of good intentions, and he can still remain anonymous,
his money would be his reputation,
instant reputation, faster start to his busyness

and he escrows to his users
257  Bitcoin / Development & Technical Discussion / Re: distributed escrow on: July 28, 2012, 09:05:06 PM
initial network must start from trusted escrow nodes,
those could be run by developers and forum mods
nodes earn trust points

I don't like the sound of that. Sounds like a less distributed system, what if someone DDoSed the trusted nodes?

do you like the rest of it ?
I  just wanted to mention this idea here, maybe it could be improved.
I know almost nothing about bitcoin under the hood, so I can't know if this is doable,
seemed interesting enough to write it here.
258  Bitcoin / Development & Technical Discussion / distributed escrow on: July 28, 2012, 08:27:24 PM
new fork or just a feature implemented in bitcoin ?

if implemented as new fork :

initial network must start from trusted escrow nodes,
those could be run by developers and forum mods
nodes earn trust points

miners and escrow-ers share the escrow fee,

entrepreneur decides how much money he is wiling to put in public control,
that bitcoin would be considered his default collateral.

he makes an "escrow deposit transaction"
a button in client would create shares of private key for the new escrow deposit,
using shamir's secret sharing scheme ,
for example,
number of created shares = 37
minimum restore collection = 24
those 37 shares are randomly sent one by one to some of the top 50 escrow-ers
all numbers random, with max defined by average network stats

his action is broadcasted as request to miners,

miners verify all changes: escrow coins transactions, shares creation, shares distribution...
 
maybe to limit max number of possible escrow nodes ?
to premine 1000 escrow coins, non-divisible, whole coins, and to limit each node to only 0 or 1 coin state ?
escrow coins would be redistributed every now and then, to the top escrow-ers according to their relative rating,
to make the best possible pool of nodes eligible for future escrow deposits

those nodes that are initially selected by miners to hold parts of key
can later sell that escrow shares to the users of busyness' service,
so if users get screwed, they pool together and release the escrow deposit to themselves, there would have to be some arbitrage, but
this is just an idea to start

escrow nodes earn trust and probability to get an escrow coin by relative online time,
relative response time to release the key share and so on...

users of entrepreneur's service would want those key shares,
they could get the key share if they prove ownership over the wallet that made a deposit to enterpreneurs service,
entrepreneur could in that way effectively get hold of his initial deposit, but could not run away with his users' money
so there is a market, incentive for miners and escrow-ers to continue,
entrepreneur would have to invest more on average, but they would actually get their core of users faster
and they can stay anonymous

new escrow-ers could enter the escrow service by depositing some bitcoin and just like entrepreneur from the beginning,
they would vouch with their bitcoin not to run away with the key or not to destroy it
they build reputation points in time, and climb to the top escrow-ers to get (bigger) share of profits

to release or end the escrow, depositor makes a request, it is sent to all escrow-ers involved, they then release their part of the key,
risking their reputation and their own deposit, if they do not respond or release before the arbitrage is done.

to prevent a collective attack on depositor, if private key is constructed before depositors approval ,
there is waiting period for funds to be released and they can go only to miners ?
 
the level of trust would be much higher than now
and the demand for bitcoin would also increase

I do not know much about mechanics of bitcoin, so if this is interesting or controversial,
sort it out between yourselves, don't ask me anything Smiley
 
this could be used for lending, or could be used by
entrepreneurs to emit ipo-s and dividends payouts, like distributed glbse...

Huh
259  Bitcoin / Bitcoin Discussion / Re: [POLL] Multi-sig or scalability--which is more pressing? on: July 21, 2012, 01:46:31 PM
many users + poor scalability = bullish

many users + no multi-sig = bearish 

(imo)

You are saying you think scalability the less important?

I think it's more important when I consider worst case scenarios, but mostly I think we have plenty of time until it becomes a real problem and a nice GUI for multi-sig would be awesome.

I think it is much less dangerous to have bottleneck, than to be open to all kinds of hacking and no escrow
260  Bitcoin / Bitcoin Discussion / Re: [POLL] Multi-sig or scalability--which is more pressing? on: July 21, 2012, 09:48:58 AM
many users + poor scalability = bullish

many users + no multi-sig = bearish 

(imo)
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