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2701  Bitcoin / Bitcoin Discussion / Re: Difficulty from 1777774.48200146 to 1779163.943662? on: September 06, 2011, 08:34:22 PM
There was a bug in the difficulty display in some previous versions.  The actual difficulty was always right, but it was reported incorrectly.  This has been fixed in recent versions.  Update your nodes, and if you mine for a pool showing 1779163, pester the pool operator to update his.
2702  Economy / Economics / Re: Gold: I smell a trap on: September 06, 2011, 08:27:44 PM
for all the silver bulls from someone i actually respect:

http://www.professorfekete.com/articles%5CAEF140YearsOfSilverVolatility.pdf

Fekete should know better.  Sprott didn't make anyone pay a premium, the market did.  Sprott has no control over how the shares are valued on the secondary market.  PSLV has unique features, and the market apparently valued those features at around $11.73.
2703  Other / Archival / Re: Would you subscribe to a kink.com site if you could pay with Bitcoin? on: September 06, 2011, 07:03:02 PM
Emailing you probably seems a lot less anonymous now than it did when they were filling out the survey.  Not to get into value judgments over pornography, but with a website, you are telling a machine that you like pornography.  With email, you are telling a person that you are a perv.

Yes, but there are a ton of free email services where they could make a new account. If anything, the survey is less anonymous because the forum admins can see how you voted. Given that, do you still think I'd have more success if I automated the process and made it a web service?

According to my theory, the answer is yes.  I don't know how much time or money I'd be willing to bet on the correctness of my theory, but I do know that perception is powerful stuff, even when logic says that perception is wrong.
2704  Other / Archival / Re: Would you subscribe to a kink.com site if you could pay with Bitcoin? on: September 06, 2011, 06:27:52 PM
So have you talked to them, or is this something you're doing on your own?

It's unofficial, but using a method they approved of.

So, where are the 11 people who said they'd "definitely subscribe"?

Emailing you probably seems a lot less anonymous now than it did when they were filling out the survey.  Not to get into value judgments over pornography, but with a website, you are telling a machine that you like pornography.  With email, you are telling a person that you are a perv.
2705  Economy / Economics / Re: It’s not illegal to use real strawberries, it’s just impossible if you don’t wan on: September 05, 2011, 11:54:34 PM
Again the question arises, why would you put your safety (or societies safety for that matter) in the hands of an organisation which primary goal is to make money off of you.

Everything that you wrote was garbage.  Absolute nonsense.

But this one made me chuckle.  I'm not sure where you live, but around here, the government is funded by taxes, and taxes are paid under threat of men with guns coming around to toss you in jail.

So, we are considering two organizations with a primary goal of making money off me.  Thank you very much, but I prefer the one that doesn't threaten violence to get me to pay for things that I don't want.
Hey, if you don't like the guys with the guns then go live in another country!
But don't be surprised if that country is unstable and noone cares if you get a knive between your ribs on your walk through the park.

At least the government doesn't include a 3rd party (the share holders) that demands profit even if it means some people will die or get poor or whatever.
Are you joking?
2706  Economy / Economics / Re: US should of stuck with the gold standard on: September 04, 2011, 05:27:32 PM
the US currency in this depression would become suddenly over valued, which it probably has been for a long time anyway because it is linked well to oil. Oil is actually needed by everybody and so everybody needs $ to buy oil which has uplifted the US currency for many decades.

I see this argument very often.  It is wrong.

Global currency markets are very, very liquid.  The value of the dollar comes from people wanting to hold dollars, not spend them.  Most oil bourses are priced in dollars, and settlement usually happens in dollars, but that doesn't increase net demand for dollars.  If the buyer doesn't have dollars, they sell whatever they have into Forex to get dollars, and if the seller doesn't want to hold dollars, they turn around and sell the dollars into Forex.  The net effect is zero.  If the buyer already had dollars, or if the seller wants to hold them, that represents a net change in the desire to hold dollars, which is independent of the oil transaction.
2707  Other / Beginners & Help / Re: Exchange accidentally sent 512 bitcoins after coding error on: September 03, 2011, 09:00:00 AM
It really doesn't matter what legal gibberish you can spout or what your briefs say, any judge is simply going to look at it, not understand any of it, *etc*

First things first: find a prosecutor that gives a shit what a bunch of internet nerds think about tax evasion, money laundering, ponzi/pyramid schemes, and still chooses to chase down a stupid civil tort case instead of the prior list of felonies.

Prosecutors aren't involved in torts.  Prosecutors go after crimes.  In this case, the crime is felony grand theft.  In many places, the prosecutor must prosecute felonies, by statue, whether or not the victim agrees, or they risk going to prison themselves.
2708  Economy / Economics / Re: oh great, MTGox is under attack again right now on: September 03, 2011, 08:48:50 AM
I don't encounter problems like this when I buy and sell stocks on my REGULATED by the FEDERAL GOVERNMENT exchanges.  Hope you guys like the true reality of libertarianism!  Suck it!

Cheesy

Ha!  Humans haven't traded directly on any market since the 80s.
2709  Other / Beginners & Help / Re: Exchange accidentally sent 512 bitcoins after coding error on: September 03, 2011, 08:45:41 AM
It really doesn't matter what legal gibberish you can spout or what your briefs say, any judge is simply going to look at it, not understand any of it, and tell you to get out of his court room before he fines you for contempt. You may think you're a legal expert but this is how that sort of esoteric technology is handled in a court that deals in fiat money and physical property.

It really doesn't matter what legal gibberish you can spout or what your briefs say, any judge is simply going to look at it, not understand any of it, and tell you that he totally understands intangible property, and he knows what "interest" means, and that even though you were an involuntary bailee, with only the crudest and most basic standard of care for your possession, you've somehow managed to reach a level best described as "malice aforethought", and that he really needs the bailiff to escort you back to booking so that you can be processed pending your transfer from county jail to state prison.  You may think you're a legal expert, but it turns out that courts don't give a fuck what the dispute is about, they only care about the actions of the parties involved.

Fixed and inverted that for ya.

If you doubt this outcome, go hang out in district court for a while.  Keep track of the number of cases that correspond to fiat money and physical property vs. intangible property and interests in same.
2710  Other / Beginners & Help / Re: Exchange accidentally sent 512 bitcoins after coding error on: September 03, 2011, 12:37:15 AM
Also, anyone who thinks that a court will set precedent with this is retarded...in would open the doors for a veritable onslaught of e-currencies that the court system is completely unprepared to tackle. 'I'm gonna sue you for stealing my WoW gold and never delivering my +69 dragoncock sword". It's not gonna happen. One quick google of this clusterfuck and any judge will slap it off his desk as fast as they can.

All the court has to do is continue to recognize the existence of an ownership interest in an intangible property, something they've been doing for literally thousands of years.  The only way this could set a precedent is if they decided that the entire history of jurisprudence from the dawn of history until now was wrong.

This case has the potential to silence a bunch of fools on the internet, but is otherwise totally mundane and ordinary.
2711  Other / Beginners & Help / Re: Exchange accidentally sent 512 bitcoins after coding error on: September 02, 2011, 11:35:22 PM
I'm curious about something.  A hypothetical situation.  If Ben was asleep while the coins were being sent to his wallet, which was stored in an encrypted file on his computer, and when he woke up, he couldn't remember the keys for decrypting that wallet file, would he still owe the sender the bitcoins?

I would say no.

In this case, I would argue that he never had possession, and thus never had an opportunity to return them to the rightful owner.  By statute, and by common sense, in this case the theft wasn't the reception of the coins, but the willful failure to return them.

On the other hand, if they ever moved in the future, I would expect the defendant to end up back in court for theft, and possibly perjury.  No problem with the statute of limitations, because again, the crime happens when the defendant has an opportunity to return them, but fails to do so.
2712  Economy / Speculation / Re: Here we go again, another major price drop for bitcoins on: September 02, 2011, 11:01:28 PM
I agree some of his posts are hilarious.

But, there is no chance in trading.  There may be factors unknown to you, but that does not make it chance.  Everyone is placing conscious bid/sell orders and the bots are running according to algorithms dependent upon set parameters.

The more factors you are aware of, and the more you can understand the interrelationships between these factors simultaneously, your returns will be better.

I said this in another post, but chance in itself is a bogus word.
Saying something is due to chance is saying that acausality caused it.

Yup, Doctor House expressed this wonderfully in an episode.

Quote
Dr. Cameron: Idiopathic T-cell deficiency?
Dr. House: Idiopathic, from the Latin meaning we're idiots 'cause we can't figure out what's causing it.

Even probability theory doesn't rule out causality (e.g. the rate of decay of radioactive isotopes is said to be acausal) because one cannot assume that they can necessarily perceive/understand the logical syntax that guides this unique process.  Just cause you don't understand it doesn't mean it was luck or chance.

And, the Bitcoin market is far from the probabilistic nature of radioactive decay.

Actually, radioactive decay has a very certain and well understood cause.  Unfortunately, that cause is a quantum effect, so we can't predict it.  And if all of the experiments into J.S. Bell's theorem are right (and they certainly appear to be), we won't ever be able to predict it.  It isn't just that we don't know about the internal wheels and gears inside the particles, it really appears to be that there really aren't any.

At any rate, this isn't the right discussion to be having.  The bitcoin market is chaotic, not stochastic.  Actually, markets in general are chaotic.  Chaotic phenomena are totally deterministic, in principle, but never predictable.
2713  Other / Beginners & Help / Re: Exchange accidentally sent 512 bitcoins after coding error on: September 02, 2011, 10:33:05 PM
Important facts you guys are forgetting with all these TERRIBLE analogies and discussions.

1.  BTC is NOT RECOGNIZED as LEGAL TENDER in ANY COUNTRY in the ENTIRE WORLD, galaxy, even Mars.

2.  BTC were NOT stolen.  They were SENT to a wallet ID WITHOUT the recipient asking for them.

3.  NOTHING ILLEGAL HAPPENED.  An IRREVERSABLE TRANSACTION happened with a transfer of DATA that holds NO VALUE from wallet to wallet.  I can have 1 million BTC in my wallet and they are NOT WORTH ANYTHING until I TRADE THEM to an exchange, which THEN recognizes the data as currency.  Still does not make it LEGAL currency.

4.  The BTC did not gain it's value until they were SOLD.  AFTER THE TRANSFER.  The transfer from Patrick to BenDavis of 511 BTC indeed, held no value.  Value comes when you take the data to an exchange.  Hopefully NOT intersango.  They obviously do not know how to manage an Exchange.

5.  Sender lives in Europe.  Recipient lives in USA.  There is NOTHING legal sender can do to recipient.  Not to mention that any court in either country would recognize this as anything legal or illegal for that matter.  They will laugh in your face.  "Let me get this straight, you sent someone 'data' called bitcoins without them asking, and you want them back?"  LMFAO

I love internet lawyers.

1.  Irrelevant.  A bicycle is also not recognized as legal tender anywhere, but there are plenty of people in prison for stealing them.
2.  It became theft when they weren't returned.  You don't like the bank error analogy, so try a warehouse.  They give you the wrong parcel, you sell it instead of giving it back.  You go to prison.
3.  Nonsense from start to finish.  The exchange of data is a token to memorialize the transfer of the ownership interest in the intangible property.  That ownership interest has a very real value, and the markets are very, very liquid, so the value is quite certain.  Do you think your house has no value because it isn't at this moment undergoing a sale?
4.  Nonsense, covered in point 3.
5.  The state has an interest in prosecuting felony grand theft, even when the victim is a foreigner.  If you hire a hitman to kill someone overseas, don't imagine that you won't end up in prison because the target doesn't live in your country.

The laughing will go the other way.  Ask a lawyer or a judge if you don't believe me.
2714  Economy / Economics / Re: Gold: I smell a trap on: September 02, 2011, 09:01:21 PM
I'm sure next week gold will push past $1900 again with Obama talking about increasing deficit spending on stupid job plans.

It came damn close to passing $1900 today.
2715  Bitcoin / Bitcoin Discussion / Re: TED discussion - Bitcoin - Commerce without Borders on: September 02, 2011, 08:30:58 PM
How about getting it working first? Like a client that doesn't take a day or three to download the whole block chain. Isn't there a client coming that doesn't need to download the entire block chain? I'm in no position to demand it, and I don't need it personally, but for someone new it can be offputting. Sure they can see their transaction in block explorer, but. . . .

There is a huge amount of missing infrastructure, like merchant software etc etc etc.

I think it is very premature to try and promote heavily without more of the basic building blocks available to the average end-user or the average merchant. Sure some nerds and geeks can figure it out eventually, but so what?

At this point, we aren't really after end users.  I mean sorta.  We like it when they come along.  In the long run, we need them.  But the reason we cast our net today is because we are looking for the types of people that can help build the other stuff, and as the stuff gets built, the end users will show up.

This isn't really literal, of course.  We aren't actually recruiting anyone.  But we are telling anyone that wanders past that this thing is cool, and we are hoping that some will stay, and that some of those that stay will turn out to be builders.
2716  Bitcoin / Bitcoin Discussion / Re: the exact reason why Flexcoin has a no links in e-mail policy on: September 02, 2011, 08:22:09 PM
Hmm.  A policy.  That is a damn good idea.

A TXT record in DNS for the domain.

Code:
flexcoin.com. IN TXT "x=PHISHING v=1 U=none"

Then your mail client (or any server along the way) can say "this email claims to be from flexcoin.com.  flexcoin.com has a published policy that says they will never include links in their emails.  This email has a link in it.  Delete.  Notify spamcop, spamhaus and spamfrauline.  Block the source IP".

U could even be server and path, so that mails from your domain can only contain links that go back to places that you want them to go to.  Maybe have another field to act as a filter for attachments.

I wonder if we could get it implemented.
2717  Other / Archival / Re: Would you subscribe to a kink.com site if you could pay with Bitcoin? on: September 02, 2011, 08:04:56 PM
Maybe...but as it is, bitcoin is too volatile to be accepted..the porn site will be at a huge loss, unless they charge a bit more than they do for USD.

If you can figure out how to write a website in PHP, you can also figure out how to use the API on your favorite exchange to instantly sell them.  Yes, I know you would need to park a few coins at the exchange, but that would be the limit of your currency risk, which works out to zero per transaction over time.
2718  Bitcoin / Bitcoin Discussion / Re: Where will stop, the size of the database bitcoin. 1GB+ on: September 02, 2011, 06:03:22 PM
The hash of a pruned block will not match the hash in the header, and thus a pruned block cannot be verified. 

It doesn't need to be verified.  The client downloads the entire block, verifies it, and then proceeds to prune it to it's own liking.  That is what the merkle tree block structure is for.

Right, but that means that the full block must exist somewhere so the node can download it and verify it.  So while any node can prune, not every node can prune.
2719  Economy / Economics / Re: Ron Paul and Bitcoin on: September 02, 2011, 05:32:42 PM
You've never met anyone that had serious faith in their atheism?
Translation:

You've never met anyone that had serious faith in their lack of faith?

Sorta.  More like "serious faith that they are superior by virtue of not having the sort of faith that losers and fools have".

The next time you see a debate about religion in person, watch the alleged atheist carefully.  I'll bet a dollar that he doesn't have any idea what he is talking about.  He probably hasn't ever had a serious thought on the subject, so he isn't expressing that he has considered religion and rejected it.  What he is really expressing is a desire to be seen as the sort of person that rejects religion, because rejecting religion is cool, and he wants to be cool.

I know some actual atheists, people that have put serious thought into the matter.  In general, they know more about theology than I do.  I have a lot of respect for these people.

But for every one of them, I've seen a dozen douchebags in bars that wear designer clothes because they want to be seen as the sort of guy that wears designer clothes, and they talk shit about religion because they want to be seen as the sort of guy that talks shit about religion.  They regurgitate talking points that would insult the intelligence of a bright six year old because for them it isn't about thinking, or debating, it is about saying things that are congruent with the image they want to project.

I hope that clears things up.
2720  Economy / Speculation / Re: Gox is Goxxin! on: September 02, 2011, 05:00:21 PM
HTML is very easy to parse and interpret.

That is actually not true Wink But you have a point. It is possible for bots to act even without APIs. I believe that the only way to prevent bot abuse would be to introduce some fees/time interval for cancelling orders or something like that. If that is a good idea or not, I don't know. Aren't forex/stock markets full of bots too?

Yeah, if you are new to regex, you shouldn't be trying to parse general HTML with it, but you can generally get away with parsing specific HTML from a given site.  Or, you know, use any of the many tools that will parse HTML for you and give you a nested object with all of the elements, tags and attributes.

If your opponent is actively trying to deny you, you might need to also parse javascript, or even write a javascript simulator.  You might also need to break CAPTCHAs, which isn't hard, because if they get too difficult, they start acting in reverse, where getting it wrong suggests a higher probability that the user is human and getting it right suggests a computer.

Doing it with time or fees actually backfires, because it just means that the spread will be wider and the market less liquid.

I have no objection to fees to account for the load on the servers, or to gently discourage certain practices that lead to excessive loads.  But in general, the people that are against bots are either fighting the wrong thing (they think the depths charts are meaningful), or they are pushing for the wrong solution (they couldn't log in because some server was over loaded).
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