...but there must be some sort of controlled development effort?
If people say "Bitcoin may not support x but may do in the future".
then...
Who develops x?
How do they let the world know?
How would the miners agree to implement it?
A decentralized model is great but am struggling to see how this works when developing new functionality.
anyone can develop bitcoin wallets.. but its the other people (general public) that choose to download it. then if over 50% of general public use this different wallet because it is better. and has some protocol rule changes that are better than what bitcoin-core has. then this new wallet will be the protocol. EG imagine bitcoin-core version 1 update had a code that says 20% of all coins go to satoshi's old hoard address.. no one would like that and people wont download it. instead they would stick with 0.9 or wait for someone else to make their own or take the version 1, but remove the satoshi tax code, so that the update is fixed of any known 0.9 bugs, but dosn not contain the tax code. then everyone will download that version. at the moment bitcoin-core, made by the current team is accepted, because so far they have not done anything nasty. thus people go with it. but if you can do something better that has no nasty code in it. people will choose yours instead. |
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Have they started double spending yet?
you cannot automatically double spend just by holding 51%. you have to have code that allows it, meaning that they have to intentionally change the rules to allow it. a 51% attack = 51% dominance + intent to attack. many believe GHASH has no intent to shoot themselves in the foot by doing anything nasty |
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Is there any place that details what is planned for later releases of the bitcoin protocol and what bitcoin developers are working on currently?
its open source, you can do what you want.... as for the bitcoin-core developers, they are not after adding any fancy features, they only care about a stable and bug free protocol. the GUI layer is a meaningless afterthought. if you have a better idea to add features to the GUI, you can submit them |
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like i allready said somewhere, ghash.io just needs to place another server, to reduce the load, and everything will be fine. they can also keep the hashrate, it doesnt matter if they have it spread out across their servers. that wont work because they still have their same code. even spread over 1000000 servers if all servers have code that says reward=200btc. and it gets mined. due to the fact that 51% of miners combined say that 200 coins is acceptable. then it gets accepted. i said months ago, you dont ned to spend multiple millions to buy enough ASICS to get 51% of the network. you just need either to own a pool and have atleast 51% of the community join you. or bribe several pools/servers which would equate to 51% to agree to use your code |
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everyone voting yes. please display YOUR public addresses. and then show a transaction of you sending ALL your bitcoins to either seans outpost ( a worthy and proven bitcoin charity) or send them to the bitcoin devs...
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oh wait i can psychically hear your thoughts. you suddenly find bitcoin valuable and you dont want others having your coins without your consent. and you certainly dont want to lose them..
oh i hear ya, hypocrit
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I heared BTC is banned in China, Vietnam and Phillipines. Don't know about any others?
I heard that if i play with myself i will go blind. Is that true? im over here, on your right. walk slowly or you will walk into a wall. |
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making it able to black list any address, makes bitcoin worthless.
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its like making it able to have anyone hack your bank account and put your balance to 0... no one would touch banks if that happened.
because there is no central authority to ensure only a certain account is frozen. allowing the protocol to let anyone delete coins will truly destroy bitcoins.
dont be stupid and mess up the protocol simply due to an emotion.
if you want to do something practical, contact all fiat exchanges flashmob style and request that the exchanges do not accept a fiat withdrawal from accounts using the known bitcoin addresses.
make it a bitcoin business ethics rule to blacklist.. not a bitcoin protocol rule
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sounds like a sting operation translation offering known drug related funds, after cash is sent first so DOJ can see that a transaction has occured. DOJ will then knock on your door |
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dont fuck with the protocol. instead flashmob email all the fiat gateway exchanges to blacklist such deposits and not allow fiat withdrawals.
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bitcoin developers should never ever put code in to block any particular coin however if you have a problem such as the recent topics of satoshi's hoard and fbi's hoard. how about get off your lame asses and email all the exchanges that deal with FIAT, and complain to them to ensure they do not allow the FBI to cash out. oh by the way you dont have to get off your lame asses to send an email. yet you get the solution you truly want, without fucking up the bitcoin protocol. also your showing some active solution to your problem and not just whinging about it on a forum  |
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Muck like for the project. But I don't share the choice for the place, Isle of Man is a fiscal paradise, so, warning ! when looking at the utopian dream in another thread about someone wanting to bitcoin grab all bitcoins to make a bitcoin island. and then seeing this proposal.. i choose this proposal any day. many millionaires moving their pound coins into the bitcoin ecosphere and all the shops and businesses on isle of man being bitcoin friendly (eventually). |
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But I'm not looking to blame anybody for anything, that's the point. I don't fault people who are early adopters, that's great I'm happy you have a little security and future, but if I'm trying to get my little piece and I can't because the difficulty is so high and everything is moving and phasing out so fast how is that my fault? I don't have time in the day to look over extensive charts and predict whether or not is profitable to get BTC nor do I have the time really to mine.
I'm just saying, the difficulty should come down, it's ridiculously too high.
you sem to be narrow minded about bitcoin. and only thinking that bitcoin is about mining. if you cannot be in th mining game. much like people that gave up gold mining when pickaxes were obsolete.. they didnt just commit suicide. they looked at what other methods there are to get bitcoin. open a web shop selling products for bitcoin become a local exchange in your town to make a 1-5% spot commision per transaction. do other jobs around the community where you are paid in bitcoin. but if all you are going to do is pop back every couple years, mine for a bit and then run off. then you will realise in 10 years that you WERE an early fosterer.. (temporary adoptor) and you just gave up to early. keep that in mind |
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this is why bitpay is getting investors to give bitpay large reserves ($32mill example) so that bitpay does not eat up the buy-wall of exchanges., and investors do not eat up the buy wall of exchanges for them to get their bitcoins either.
that way the investor well away from an exchange, gives bitpay FIAT, and bitpay gives the investor bitcoin. I expect payment processors to eventually turn in to the primary price discovery mechanism. Sooner or later, some investors are going to get impatient with this arrangement so they'll ask the payment processors to start offering higher exchange rates in order to attract more BTC sellers. when you look at how fast overstock done $1m in trades, and then look at the fact that over 30k merchants use bitpay.. it does not take long for bitpay to soak through $32mill reserve |
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Merchants dump their BTC for $Fiat, at the lowest prices, to pay their overhead, taxes, employees, et al.
this is why bitpay is getting investors to give bitpay large reserves ($32mill example) so that bitpay does not eat up the buy-wall of exchanges., and investors do not eat up the buy wall of exchanges for them to get their bitcoins either. that way the investor well away from an exchange, gives bitpay FIAT, and bitpay gives the investor bitcoin. and guess what, the price moved from $450-$600 |
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In thinking about the privacy issue with bitcoin, could not a temporary solution be the substitution of freshly minted coins for transactions?
For example, what if I were to send 1btc to Bob, but I wanted the transaction to be private, could I not send 1btc to a cooperating mining pool
if you want privacy. ask you friend to set up a fresh address and you send funds to it. that way because he does not have his address plastered as a footer of a forum account no one will know who your sending to it. your plan to use a pool is not private. 1. people can recognize a pool address where you deposit funds to which get dispursed to miners. so soon enough your address can be linked because of how the pool works 2. the pool knows you and the pool has details of the trade.. meaning a middle man has knowledge of the transaction. which makes it ultimately the same as throwing the funds into an exchange and withdrawing the coins... this is how trendon shavers was tracked as using silk road as a mixer with silk roads 1dry address.. the true private way is to have multiple addresses not tagged to you and your friend having mutliple addresses too. which when you send funds from your tagged address to another fresh address in your stock pile, you simply deny any knowledge it belonging to you and say it was a second party. and leave it up to whomever traces you to work out if address 2-9 was you or the second party or an exchange. non private transactions is to trade direct from your known address to the other persons known address.. so simply putting a gap between you both and an exchange to mix the coins leaves 'reasonable doubt' the two transactions are directly connected. im just surprised Mr. rabbit that you have not searched out the multiple threads about 'multiple hops' and 'mixing coins' solutions before now, as i know your a long term member |
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trendon shavers mining pool a couple years back done this, he accepted funds in from dubious investors, and gave them the minted coins, while giving miners the dubious coins.
it was his mixer (of sorts)
there are other pools that have done this by selling the fresh coins at a premium price, the same way money launderers swap dirty money.
i would be very cautious about offering a clean 1bitcoin for 1.05+ dirty bitcoins. although it is a way of making alot of commission. offering such a thing on a public website is asking for trouble. though many are doing this exact thing on tor onion sites
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simple solution. bitcoin is not money.
bitcoin is an asset currency..
moving on
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You make reasonable points.
The difference I see is that this guy seems to have some passion, and may actually act on his idea, as it seems to me to combine a few of his central interests in a manner that seems somewhat novel.
You have an alternative scenario that you claim is superior to his idea. Are you engaged enough to actually act upon it?
I say let him go try. If a failure, we get what you expect, but no worse than if he had not tried. Whatever lessons his experience teaches could be factored into his next go. If, on the off chance he succeeds, well, that'd be pretty cool.
Perhaps rather than crushing dreams, what is warranted is thoughtful guidance. IOW: "lead, follow, or get out of the way."
for him to succeed requires billions of dollars... meaning he needs EVERY SINGLE bitcoin in circulation due to the fact that the bitcoin market cap is only $8billion. i think rationally and dont just dream the utopian dream. as for my motives, i want BITCOIN to succeed, i am not interested in making an individual person wealthy. if there was a project that truly helped BITCOIN, whereby someone got wealthy on the side, im still positive about. but when its 0.1% chance of helping bitcoin, and 99% chance of making someone into an instant billionaire.. i do feel that i should ensure people know whats truly going on. i have personally put many bitcoins into many projects that have succeeded, and also knit picked a few project idea's to get them on track.. and i have opened my mouth publicly when its obvious that its a dream. bitcoin can make the world a better place but spending funds on fantasy rather then feasible and workable dreams is what we should be doing. building a city is a fantasy requiring this one bricklayer to hoard the entire bitcoin circulation. the feasible and practical dream would be to choose a vacation destination, or even your own towns you live in, and get more bitcoin acceptance throughout the world. but if you truly believe his idea will become reality, give him ALL your bitcoins, because he will need them ALL. my words have not just flooded out of my fingers and into the keyboard to write my messages, they come from actually thinking about the feasibility of the project before even pressing the reply button. |
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