Varoufakis is a closet commie - he is as ideologically opposed to cryptos as he is to running a handout-free, clean administration that is not built on unsustainable debt
This. Crypto would be worse than the Euro to him - instead of being able to try to bully the other people in Europe to pay their bills and give them handouts, he'd be left trying to bully math. The authoritarians don't like sound money because they can't "secretly" inflate its value away to enrich themselves. |
|
|
|
Somehow I missed this. Thanks. :-) There are so many options, it is easy to do. |
|
|
|
By "third time" I mean 2020.
Ah, third halving vs third time bringing up the topic. Time will tell, but I am sure someone will do it after too! |
|
|
|
Oh, good - this debate again.
Maybe people will stop complaining after the third time.
Third? :-) This seems off topic too. |
|
|
|
|
Doesn't seem like Satoshi would be one to finance profligate spenders in Greece through bailouts given the message in the genesis block. Hard money like bitcoin is pretty much the opposite of fiat and deficit spending like most of the governments of the world are embracing.
|
|
|
|
The question is: illegal content WHERE?
Illegal where the individual user is located. I don't think there is a technical solution because Bitcoin's scripting language is so open ended*. If it was impossible to store arbitrary data outside of OP_RETURN outputs and OP_RETURN outputs could be pruned (intra-transaction pruning) then it wouldn't be universally pruned. Local users would prune what they feel is objectionable or illegal on an individual basis. All that is academic though because it is so easy to encode arbitrary data in the blockchain in a manner which simply can not be pruned by full ... I don't think there is a technical solution either. I don't think there is a political one either given the immense number of jurisdictions. It is like trying to remove pee from a pool instantly. If the "illegal where" is "where the individual user is located" there is really no solution since some data can not be pruned except some type of blacklist (a bad idea as above) where the most restrictive laws anywhere are enforced. That was kind of the point in asking the question. :-) |
|
|
|
...
...the risks of illegal content become more important....
The question is: illegal content WHERE? e.g. It is illegal to publish stolen national security information in the US (e.g. James Rosen as "abetting a leaker" or Snowden). Is it illegal in the blockchain? It is illegal to publish an image of Muhammad in some places, legal in others. Is it illegal in the blockchain? Marriages may be made as children and consummated at 9 or 10 in some places, but that is illegal other places. Would that be considered child porn if images were published even if it is legal somewhere to do with your wife? The real question is, who decides what is illegal and what is not? Where is this illegality? A town of 50 might prohibit something. Or a town of 50,000, a city of 5 million? A country of 20 million? What is the cutoff? Who decides? The blockchain is just data. I could look at a block or sequence of blocks and publish an algorithm to decode those blocks into pretty much anything offensive to someone, somewhere or has enough power in some jurisdiction to make it illegal. E.g. take bytes 1 through 50000, and apply this code. You could even write a routine that would say, "I want this as the result, given this input, create an overlay algorithm to create it". It would not be difficult. Blacklisting is a bad idea to start with, but blacklisting to serve some unknown political masters from every potential jurisdiction in the world opens up a huge can of worms. This would create some non-bitcoin alt-coin as I can't imagine would fly as "bitcoin". :-) |
|
|
|
...
Anyway, $40k or $100K, both figures are not realistic.
...
People were saying "$1" is not realistic in late summer 2010 and then "$1 is not sustainable" after dollar parity. Then the same at $10 and $30. What is realistic? If their adoption assumptions are realistic, it is realistic, if not, then not. It is purely speculation to say it is or is not realistic. Just remember the same thing has been said since at least summer 2010. |
|
|
|
The entire post is sarcasm at the stupidity of the press.
Turns out most people don't open the links. Very true. Maybe LTG can make that clearer in the original post above??? |
|
|
|
The entire post is sarcasm at the stupidity of the press. Note the end: Bitcoin is doomed, kaput, done for, finito. We look forward to updating this post when we are in cycle 5. And yes, bitcoin has been the best investment of 2010-2014. Edit: They SHOULD make that clearer since most people will stop reading when they see how stupid it is. |
|
|
|
Impose capital controls in Greece or repeat the mistake of CyprusAnyone in Greece should be preparing for this now. Check this article out today: http://www.ft.com/intl/cms/s/0/607c4bd4-b5e9-11e4-a577-00144feab7de.html?siteedition=intl#axzz3S0aNG78lBy Hans-Werner Sinn Another crisis, another insidious bout of capital flight. In Greece today, as in Cyprus three years ago, depositors are withdrawing bundles of euro notes to be spirited out of the country. Most of all, investors are rushing to make electronic transfers to banks elsewhere in the eurozone. In December 2014 alone, €7.6bn were sent abroad, equivalent to about 4 per cent of Greece’s economic output. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/607c4bd4-b5e9-11e4-a577-00144feab7de.html#ixzz3S0aqWrE8In 2012, Cyprus was in a similar bind. Wealthy Cypriots (and foreigners who had deposits there) tried to whisk their funds to safer places, draining liquidity from the island’s banks and threatening them with insolvency. The Cypriot central bank kept the system afloat by lending out €11bn of newly created money under a protocol known as Emergency Liquidity Assistance. These funds were in effect borrowed from other eurozone central banks, which put euros into the new accounts outside Cyprus that were being set up by fleeing investors. ...
|
|
|
|
Impose capital controls in Greece or repeat the mistake of CyprusCheck this article out today: http://www.ft.com/intl/cms/s/0/607c4bd4-b5e9-11e4-a577-00144feab7de.html?siteedition=intl#axzz3S0aNG78lBy Hans-Werner Sinn Another crisis, another insidious bout of capital flight. In Greece today, as in Cyprus three years ago, depositors are withdrawing bundles of euro notes to be spirited out of the country. Most of all, investors are rushing to make electronic transfers to banks elsewhere in the eurozone. In December 2014 alone, €7.6bn were sent abroad, equivalent to about 4 per cent of Greece’s economic output. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/607c4bd4-b5e9-11e4-a577-00144feab7de.html#ixzz3S0aqWrE8In 2012, Cyprus was in a similar bind. Wealthy Cypriots (and foreigners who had deposits there) tried to whisk their funds to safer places, draining liquidity from the island’s banks and threatening them with insolvency. The Cypriot central bank kept the system afloat by lending out €11bn of newly created money under a protocol known as Emergency Liquidity Assistance. These funds were in effect borrowed from other eurozone central banks, which put euros into the new accounts outside Cyprus that were being set up by fleeing investors. ... mr sinn is a hardcore neoliberal idiot. I agree. Anyone in Greece right now should be using this time period to get their money out of Greece before there are currency controls and a huge devaluation. |
|
|
|
Impose capital controls in Greece or repeat the mistake of CyprusCheck this article out today: http://www.ft.com/intl/cms/s/0/607c4bd4-b5e9-11e4-a577-00144feab7de.html?siteedition=intl#axzz3S0aNG78lBy Hans-Werner Sinn Another crisis, another insidious bout of capital flight. In Greece today, as in Cyprus three years ago, depositors are withdrawing bundles of euro notes to be spirited out of the country. Most of all, investors are rushing to make electronic transfers to banks elsewhere in the eurozone. In December 2014 alone, €7.6bn were sent abroad, equivalent to about 4 per cent of Greece’s economic output. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/607c4bd4-b5e9-11e4-a577-00144feab7de.html#ixzz3S0aqWrE8In 2012, Cyprus was in a similar bind. Wealthy Cypriots (and foreigners who had deposits there) tried to whisk their funds to safer places, draining liquidity from the island’s banks and threatening them with insolvency. The Cypriot central bank kept the system afloat by lending out €11bn of newly created money under a protocol known as Emergency Liquidity Assistance. These funds were in effect borrowed from other eurozone central banks, which put euros into the new accounts outside Cyprus that were being set up by fleeing investors. ...
|
|
|
|
I`m saying that the devs need to fix all security issues related to using an address more than once, otherwise it can become risky if you hold alot of bitcoins, and very inconvenient to use.
Otherwise bitcoin will have a security flaw that could ruin its reputation in the longterm and people could turn to safer altcoins later.
AFAIK THERE IS NO SECURITY ISSUE, JUST A PRIVACY ISSUE!!! -MZ Nope, according to bitcoin wiki (updated feb 1 2015) https://en.bitcoin.it/wiki/Address_reuseKnown attacks
Same K in multiple signatures, see Recovering Bitcoin private keys using weak signatures from the blockchain.
Timing sidechannel
Now we can disregard the same K attack, because probably Armory,Electrum, Latest Core, Multibit and others have updated their signing mechanism. But the Timing channel attack is possible, + who knows how many more exploits are available that the developers dont know about. I think these issues need to be fixed asap. Do you know what the "timing sidechannel" attack is? If someone has access to your machine to perform this attack, you have more problems than just this attack and nothing will save you. If there are "exploits are available that the developers dont know about" how do you propose that "these issues need to be fixed asap"? If there are true exploits found eventually, they will be fixed, but these are not them. |
|
|
|
I`m saying that the devs need to fix all security issues related to using an address more than once, otherwise it can become risky if you hold alot of bitcoins, and very inconvenient to use.
Otherwise bitcoin will have a security flaw that could ruin its reputation in the longterm and people could turn to safer altcoins later.
AFAIK THERE IS NO SECURITY ISSUE, JUST A PRIVACY ISSUE!!! -MZ If you are just using an "address" to receive multiple times there is no security issue. If you send from the same address multiple times, in reality it is not a security issue right now. If your software is buggy or there are cryptological breakthroughs in the future, it could potentially weaken security. HOWEVER, the potential weakness is inherent in the nature of the design and is the different between a drop of water in the Pacific ocean and a cup of water. This would likely also occur gradually so it could be fixed IF needed. This is pretty unlikely any time soon though, imo. As far as managing many addresses your wallet software can handle this just fine. So your software could keep receiving at one address and using something like dark wallet, move it to a new one every so often if you were concerned about privacy and spending from one address. |
|
|
|
[...]It would be much simpler if the bitcoin developers would fix this issue once and for all, [...]
Just to chime in. First, there is nothing to fix, so the bitcoin developers won't be changing anything regarding this any time soon. Second, it is open source so if you don't like the way something works, you can change it yourself or pay someone to do so. Given that you can reuse addresses though, there really isn't anything to fix. So, just keep reusing addresses to collect your dividends etc. No one will stop you. As above, it is a privacy issue since people can see what you get, but it is not prohibited. |
|
|
|
|
It sounds like it could have been run from a different user or different location. You can look and see if you have two copies of the blockchain etc somewhere.
One thing you might try is upgrading to 0.10.0 since it will download a whole lot faster. (I don't think the Ubuntu repositories are updated to 0.10.0 yet though).
|
|
|
|
If you are worried, you should check the release signatures (e.g. https://bitcoin.org/en/download) I see: Created: December 31, 2000 Modified: May 31, 2013 (That could be due to time zone differences on our local machines though). |
|
|
|
|
Show Posts
