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maybe it would be more interesting if it were a non Asian.
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I feel like bitcoin is still so small this was targeted at you, of course not only you though, and someone somehow got your phone number.
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Is it profitable to mine Peercoin?
I don't know if it's profitable or not. But to give you an idea, I have three of them running in a pool now and get a little less than about .5 PPC per day. Today they are worth $1.20. |
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these last two gave me an idea.
28. it's a great way for people to learn more about free and open source software!
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I would say don't bother mining bitcoin, but if you want to mine just for fun, mine peercoin.
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Forums are here to allow free-thinking and diversity in thinking.. I agree they should be, but they are not always so. |
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Does anyone have an idea on how to solve this problem? Is it possible to display part of the private key to verify that it is in fact the correct key? I was thinking of displaying the first 5 digits of the private key and then using some comparison method, but I'm not sure on the exact capabilities of the algorithim.
I don't think this approach is workable. Let's put aside the mathematical difficulties for the moment and say that a method like the one you propose exists. I print many bitcoin certificates, and employ that method. But sometimes, instead of printing the whole private key, I only print the first five digits - the visible portion; the hidden portion of the private key, I still can duplicate or replace with "you got punked" or whatever. In the end, I think any instrument with hidden information requires trust in the issuer, that the hidden information actually encodes what it purports to encode. Even with zero-knowledge proofs and similar crypto magic, I can't see any way around it. I think I might have to agree with you, however there might be a "suffciently secure" anti-counterfeiting method that would be extremely challenging to break, something like a QR code that produces an obfusticated version of the private key that can be defusticated via a version of the bitcoin wallet client, however that's considerably more "centralized" than I think is reasonable, if anyone wants to bash brains on this I'll be on IRC tonight at some point. The only thing I can think of is to have trust in the brand. If the price over the standard btc price is low enough people will spend them on the network and if the wrong private key is in there or if there are duplicates I think people will let everyone know about that. I guess that can be more of a problem for the really expensive silver coins out there that people rarely spend. Yeah, I was trying to think of a clever, futureproof method of distributing physical bitcoins that couldn't easily be spoiled by others counterfeiting, I don't think theres an easy, non-super technical way to do this. I wonder if theres a demand to start producing near cost, plastic bitcoin "tokens" in the 10,100, 1000mbit range in my local, I think it actually works as a loophole to avoid finCEN, but I could be wrong. I think it's a cool idea which I've never thought of before. |
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27. Has a market that runs 24 hours a day, 7 days a week and 365 days per year
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Does anyone have an idea on how to solve this problem? Is it possible to display part of the private key to verify that it is in fact the correct key? I was thinking of displaying the first 5 digits of the private key and then using some comparison method, but I'm not sure on the exact capabilities of the algorithim.
I don't think this approach is workable. Let's put aside the mathematical difficulties for the moment and say that a method like the one you propose exists. I print many bitcoin certificates, and employ that method. But sometimes, instead of printing the whole private key, I only print the first five digits - the visible portion; the hidden portion of the private key, I still can duplicate or replace with "you got punked" or whatever. In the end, I think any instrument with hidden information requires trust in the issuer, that the hidden information actually encodes what it purports to encode. Even with zero-knowledge proofs and similar crypto magic, I can't see any way around it. I think I might have to agree with you, however there might be a "suffciently secure" anti-counterfeiting method that would be extremely challenging to break, something like a QR code that produces an obfusticated version of the private key that can be defusticated via a version of the bitcoin wallet client, however that's considerably more "centralized" than I think is reasonable, if anyone wants to bash brains on this I'll be on IRC tonight at some point. The only thing I can think of is to have trust in the brand. If the price over the standard btc price is low enough people will spend them on the network and if the wrong private key is in there or if there are duplicates I think people will let everyone know about that. I guess that can be more of a problem for the really expensive silver coins out there that people rarely spend. |
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this is also why I don't want to get into weight lifting, I would hate to be associated with people who think their arms mater to anyone else.
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coming up tomorrow, come on out!
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I can't believe that they only accept paypal, how uncool.
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I also would say we don't know where we are because we don't know the future, if btc makes it big and runs for 200 more years, then yeah we're really really early still. Based on the fact that most people don't know what it is and the software is still a little rough, I think we're still in the early stages assuming it will keep going a long time.
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I guess being there are more people over there, there would be more of these things there.
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I like Max but find this speaking style annoying, so I didn't want to watch it. Can you give a summery?
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26. Perfect for online gambling
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25. huge amounts of constant innovation
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9. no charge backs
depends on which side you are, this isn't good for everyone 10. It will be worth more later then the day you purchased it  I call it good for everyone, because it's understood from the start that there is no getting your money back, so the person giving the money has to take that into consideration when making the deal, the risk vs reward. The reason I posit this point is because in the current system you often times don't know what will happen, maybe money back, maybe not. yes, but it leaves the possibility of getting scammed, if there is a valid reason for a refund you're going to get it on some services  Chargebacks are just a cheap form of escrow service. Doesn't really have anything to do with the currency anyway. If we ever see bitcoin credit cards or bitcoin debit cards, they very well might have chargebacks. (Probably will, in fact.) That's a really good point. It's like you can't really charge back cash, but the credit system that surrounds cash allows for that sometimes. |
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23. Voluntary participation. No "must be accepted for all payments..." laws.
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this is exactly what I was looking for, thanks! One question though, being this post is over two years old now, is the original content still correct?
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