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For geeks, kangasbrus, your idea is fine. But the general consciences is that "Math Sucks!" and the majority of people won't care to see math symbols on anything physical, for it may cause panic attacks. But Stoned Money...that's marketable.
~Bruno~
Or maybe they'll feel good about themselves for using something highly sophisticated indicated by the images it carries even if they don't fully understand the science behind it.
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There are a lot of people alive and dead that I look up to significantly because of either their work or their thinking but I refuse to worship any of them. No man is infallible and I think it's detrimental to our future to raise certain mere mortals to an elevated status of admiration and worship something that it is only in our human nature to do to such icons. Yes we should praise achievements but we should also remain critical of everything they do and not just blindly follow anyone.
I find it appalling how certain people nowadays worship Ron Paul for example as if he is some sort of godsent higher being that can't make a wrong turn which of course is the furthest thing from the truth. Although he is one of those people I look up to and I really appreciate his achievements, I think for example his integrity is something every person should strive to match and I think there's no one on this planet who did more to promote the cause of freedom and peace in recent history but even so I also think he is plain batshit crazy when it comes to his beliefs about evolution and religion and even the mere 4 pieces of paper those minarchist so desperately cling on to.
Bitcoin is something completely new, it is something the world hasn't seen before, it's a technology that stands on reason, logic and science, concepts that not nearly enough people appreciate and live by today. Despite their great contributions I see no need to copy a very old tradition of raising certain individuals on a pedestal and effectively giving them special treatment. They are merely people and they are not infallible and we should do everything we can to prevent them being treated otherwise.
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you say "growth in the marketplace which benefits all of it's participants". I'm not so sure. What kind of growth is it? Does any growth create benefit? If some participants suffer because of growth then by definition that's not growth that benefits all. Growth that destroys the environment for certain participants would file under that category. If those participants do not have the ability to defend themselves which would mean that the greed fueling this growth lacks the risk of defense by those people which would then cause loses for the business destroying the environment then that is the problem I mentioned. Here's an example: I talked to a friend last night, he works in engineering and these guys are currently investing thousands of EUR into chaning a certain part of some machinery they sell, a part that is screwed onto some other part of the machine. What's the change? Well, they change it so that it breaks when you screw it off for maintenance so that the customer has to buy that part again.
That's driven by greed. Does it imply growth? Hell yea: more money is moved, more parts sold, GDP increases. Does it benefit all participants (or even just: is the sum of all participants' benefits positive): hell no! More natural resources are used, more work is expended, the uptime of the product is reduced and the maintenance cost increased.
So here we have a case of "growth" not being beneficial for the whole of society. War is another such case. Again, is the risk of loses because the customers of this firm can defend themselves by either demanding refunds for a faulty product via their contract or giving this business a bad review and taking their money someplace else present? If it isn't then that is the cause for this problem. So no, greed is not necessarily good.
I never said it was.
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When I said greed is good and that greed without bad consequences is the problem I meant that greed is a healthy and even a required impulse to drive progress, innovation and ultimately growth in the marketplace which benefits all of it's participants and that the cause of problems that arise in the marketplace when it's trying to progress, innovate and grow is the artificially removed risks of a loss.
As long as you have greed coupled with the risk of loss those two forces balance each other out and are healthy and required if your goal is to have the marketplace grow productively.
Oh and I agree there is no objective good or bad outside of trying to reach a specific objective goal.
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Also it seems that lately the ratio of cunicula's productive posts vs insulting/derailing posts has gone from bad to worse. I hope the moderators take this seriously. It's starting to be a problem.
Just click the ignore link under his name like most of us have indicative of how orangey it is.
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I'll email him and ask him if he could be a bit more specific about what we would get. The info in the OP is pretty much word for word what he said so far..
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Greed is good... Greed without bad consequences is the problem.
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The comments on the youtube video about Bitcoin don't seem to be overly positive which is a shame. It's such a mystery to me to see those negative comments so strangely resemble trolling almost as if someone pays some people to write garbage about it.
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His latest video that has statistics showing shows this: Greaner means viewed more: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fchart.apis.google.com%2Fchart%3Fcht%3Dt%26chs%3D350x175%26chco%3Df9f9f9%2Ce2eecf%2C3eb011%2C008800%26chls%3D1%2C4%2C0%26chxt%3Dx%26chxl%3D0%3A%7Cworld%26chf%3Dbg%2Cs%2CEAF7FE%26chd%3Ds%3AQJBDDBBAUCBOAAKEBJDIPBBAGBECCDBDCBGRBBBPCBLAGCBBBACpIIJDACCCCBGQCPACABGIICBCEC9EDKADBEEFACAAPBBABCGFDBLBECBCBCiEBCABAGBDGDKWCBBIBCBAABCXCBBAALEBDsCBBDCGDBQDFDBBCICAVHBBBCCBYAjEHAPDGECWGCD%26chld%3DHUILMAAWCZKEVCZWBGUAKGFIMMADSIANBYPHMKPKBEDZMDMLESKZJEMOCOGTSYPAJPKNGRNPMGBWLAATTCNIPTLCROSRBSAZPYMQGLAUISLVPRSKCVPEKHZMVIIRLKCHTLDEAFVESNGITTHREEFJHTGDRSLIUSCRDMZANCJMGEAXCYFOYEBHGFTGINMWPSPFCDDOGUQAMCBMMYMEMUTWAGKRGHTHSGFMIQETAMTZCIFRNACLBRSAHKNZRUGYCMBDUGGGGMLYTJVNSVNOMVBZBFMZRECNLBMPARCAJOVGBATROMBNEGMHIEKYMXIMTNNGBTLTIOGPNLAEALMNBOAOHNSDSEUZGBKWZZBJITBBLUIDECDKMTUYPL&t=663&c=Qcnw4ls92pP6XQ) This video is most popular with: Gender Age Male 25-34 Male 35-44 Male 45-54 The problem is it wouldn't be specifically about Bitcoin but Bitcoin related with Bitcoin mentioned perhaps as a sidenote so it's harder to estimate the value per view.
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Hey, In my personal effort to spread awareness about Bitcoin and it's valuable properties I've contacted the owner of the MinutePhysics channel on youtube asking him if he'd be interested in making an animated video about Bitcoin. Well we talked just now and he told me he'd be generally happy to have us sponsor a Bitcoin related video. He said he could try to make it about a topic related to Bitcoin, like the two generals problem, encryption, etc. and it would be a regular MinutePhysics video on his channel which would have a title card at the end saying "this video made possible by support from xyz". But he said he wanted to be clear up front, and that to get that kind of recognition & input into the topic, the sponsorship would need to be $1-3k or above (depending on details&circumstances). The funds would be used to make future MinutePhysics projects and videos possible. So the purpose of this thread is to gauge the interest in sponsoring a video.. As you can see by yourselves he is really good at explaining complex ideas in short, funny and interesting ways and I thought maybe it would be a worthwhile idea to have him explain some of the more complex parts of the Bitcoin technology and have it featured on his channel. What do you think?
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piuk I know you're probably busy with other stuff and don't have time to play around but I just think it would be really cool if he had this graph somewhere so please at least consider this idea: change the graph http://blockchain.info/charts/total-bitcoins so that it's drawn on the full theoretical graph of how bitcoins are going to get issued ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F5%2F54%2FTotal_bitcoins_over_time.png%2F220px-Total_bitcoins_over_time.png&t=663&c=WbCmvoky59fBZA) I'd really like to see a clear visual of where in the issuing process we are right now..
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Most of their talks never make it online but some do. This is news to me. I took it for granted that all talks were readily available, thus spreading ideas--not locking them up. I was also surprised.
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Bitcoin isn't really anonymous by default and I think we should stop spreading this misconception for our own good.
Otherwise I liked your article.
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From google+: Bill Barhydt - Hi everyone, just a quick update to let you know that I did give the short talk at TED on Thursday morning and I think it went reasonably well. I'll plan on giving a longer version of the talk - hopefully interactive on a Google Hangout sometime soon. I'm off to Mexico for work now but will work on this when I get back. Thanks again for all of your great input! Mar 3, 2012
hazek jr - Is there a video of it? Mar 4, 2012 - Edit
Bill Barhydt - Not yet. TED owns the rights. Most of their talks never make it online but some do. I'll let you know if they decide to post it. Mar 4, 2012
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Yes, a 51% miner effectively has 100%. That is correct. That is why 51% is twice as profitable as 49%. Actually, more than twice as profitable in the medium to long-term, but I won't go into the details here. That is why it makes sense to perform a massive centralized investment like this to get 51%. Once you have it, you get all the coins and everyone else gives up. Winner take none.
Cunicula, don't take this the wrong way, but could you please shut the fuck up, or maybe even go die in a fire or something like that? Not every thread on these forums exists for you to go trolling in. Please notice how orangey his ignore link is and while you're at it, give it a click yourself. I promise you'll have a much better experience on this forum ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Yes it is. And I'd like to know without having to download the whole blockchain.
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I don't think people already priced in this decrease beforehand ...
You have no idea about game theory do you?
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I really wish at least one of these statistics sites would show how big in terms of memory space is the current blockchain.
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1) Well this isn't a bug 2) It's been talked about since January 3) It's a feature that was voted on by many and needs everyone's support to work
It doesn't need everyone's support just a majority of miners. It has a supermajority of miners. The rest of miners will need to upgrade if they don't the price of their incompetence will be orphaned blocks. Also wrong. The majority was only needed to avoid a permanent fork.
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