Sounds a little different doesn't it?
Bitcoins are probably considered propriety in New Jersey but many other places do not enumerate such specific rights.
Ah I see. Stealing bitcoins from someone living in New Jersey is illegal but stealing bitcoins from someone living in Iran or Syria is legal? Sounds like a double standard to me. |
|
|
|
Is stealing Bitcoins illegal? Performing illegal action against illegal (virtual) object is perfectly legal...After all, this what the so called war on terror is about. We learn from our governments, right? |
|
|
|
S0lll0s is asking if this should be open or closed source.
OP is about open source. So to claim this bounty we need you to provide an easy to use, open source, cross-platform client. |
|
|
|
No, I meant exactly what I said, "no one else". Would you use bitcoin if, for example, the Federal Reserve Bank was the only miner? Exactly, kjj. This is not only the critical part but the final part because this will be the end of bitcoin. Attackers achieve their goal - bitcoin is crashed and current monetary monopoly stays intact! |
|
|
|
at least until the point that everyone stops using the system entirely, at which point the only person left mining is the subsidizer, and he can set the difficulty to whatever low value he wants, but, and this part is critical, but no one cares because no one else is using it.
By everyone and no one you probably mean everyone and no one among miners?! |
|
|
|
If you want to reduce the difficulty, but still keep a functioning system, what are your options? Already explained on my previous post. You kill competition among miners through subsidized ASIC and you have what you want. Bitcoin community is too much focuced on open source software but open source hardware is equally important for the bitcoin network. What about donating to a bitcoin specific ASIC project on OpenCores.org? |
|
|
|
What mechanism would they use to lower the network speed? It is very easy to add mining incentives, but impossible to reduce them. Firstly, it is not that easy to ad mining incentives if you pay in BTC. And secondly, it is not that difficult to reduce network speed if you have unlimited access to USD or EUR. You raise the network difficulty through cheap subsidized ASICS and when independent miners gave up the entire network is yours. After all ASICS manufacturers are paying dollars to produce them. |
|
|
|
I don't think you understood what he is proposing. He is saying that if the current network speed is acceptable to most people, but a few people would like it higher for their own reasons (whatever those reasons are), they have a mechanism to pay for that extra speed without changing the system.
I don't think this makes much sense. It is just the opposite what OP is about. It is the same as - if the current network speed is acceptable to most people, but a few people would like it lower for their own reasons (whatever those reasons are), they have a mechanism to pay for that extra low speed without changing the system - and then launch an attack! So I suggest first group will pay / bribe in BTC while the second one will pay / bribe in USD or EUR? |
|
|
|
A group of people or companies want network speeds to be higher. However, none wants to be the sucker who pays for all the others.
They broadcast an assurance contract on a separate p2p network with a pledge from themselves.
This is not a wise approach. What you generally suggest is a second network to support bitcoin network, a network of insurers. This would be bitcoin level 2 network. And who will insure the insurers? May be a group of people or companies on a third p2p network, a bitcoin level 3 network? |
|
|
|
What speed is the right speed for the Bitcoin network? The simplest answer of course is "as high as needed". It must be a dynamic variable. - needed just right to discourage attacker(s), no more. - discouraging can be done only by attracting more honest miners. - ad hoc attracting more honest miners can be done only by increasing incentives i.e. increasing the minimum txn fees. - who will increase the minimum txn fee? - if it is the mining community, can they abuse this power by launching false attacks just to increase their income? - who will reject all transactions with insufficient txn fees? - the process of evaluating network health must be autonomous. - the process of evaluating network health must be closely linked to the process of defining "next block minimum txn fee" or something like that. It is a question discussed last year. The question of dynamically defined minimum txn fees is a central question! |
|
|
|
That possibility is explicitly addressed in Satoshis paper: He ought to find it more profitable to play by the rules .... than to undermine the system and the validity of his own wealth. It is always amusing to see how rational people believe that all people are rational. I have to disappoint all believers in the rationality of homo sapiens. I agree that long term a human or organization of any kind has to be rational to survive, but the world is full of short term madness. Even institutionalized madness is on the rise recently. For instance, the president of ECB Mario Draghi is such an example. When discussing the future of euro he said they will protect euro "whatever it takes"... Can you imagine what this can really take? Can you imagine what will it take if EUR, USD, YEN, GBP, CHF, etcetera all together need to be saved? If you want to really protect a system you have to protect it against irrational behavior as well. |
|
|
|
Voucher safe doesn't seem very safe, it warns that browsers plugin are needed I'm not too familiar with voucher safe, but this probably means that users have to download spark browser plugin http://www.igniterealtime.org/projects/spark/ to allow XMPP communication between the client and issuer / publisher server. |
|
|
|
A cross-platform java client would be best. I second that and if done that way I pledge another 10 BTC. A modular architecture would allow users to select what financial instruments / functions (demo-ed on the MoneyChanger) they would like to use and select them during installation phase or install / uninstall modules later. The GUI must be as simple as possible with few big buttons geared towards younger generations instead as a target group. I'm also skeptical that the average nowadays grandma will ever use this product. OT is way ahead of its time! First bitcoin must dismantle current monetary monopoly and inflict changes on monetary regulation and legal frameworks. I like multibit's take on this, 3 fixed tabs in the app and all others can be closed (if you open them). IMHO http://www.voucher-safe.com/ is much better. |
|
|
|
I will not join anything that requires my real name to be visible to anyone with access to a particular forum. Period.
I was on the fence about joining, not anymore. I think its wonderful certain people want their real names associated with Bitcoin. I don't.
Anonymity is something very good in certain cases and very convenient. Everybody should have the right to be anonymous if they want to, no doubt about that. But if you want undecided people to believe you, at the end of the day, you have to stand by your real name. Period. All we must be grateful to people using their real names on every bitcoin forum (incl. BTCF) because they will be the ones that will take most of the storm when fiat money oligarchy hits back. But thats the human nature you know... There is a Chinese saying - When the wind of change blows some people build shelters while others build windmills! So, stand by your name but if only there is necessity. Bitcoin Foundation is such a necessity. |
|
|
|
The server has been updated to the latest Open Transactions code Mark, OT server is a brilliant concept and fulfillment but is actually quite vulnerable to government attacks in different jurisdictions from legal and regulatory point of view. Have you ever thought of merging OT server with Electrum server project? |
|
|
|
I'm going to make a high-quality video series on installing and using Abe in a VM. It is much appreciated. |
|
|
|
So true, but I've not seen too much evidence that governments are all that interested in Bitcoin itself yet. Oh, they are believe me! Red lights are flashing and alarm bells are ringing at many government agencies. People that helped start bitcoin project intended to create a substitute to physical gold. But they are wrong. Bitcoin and gold are perfect additions to each other. |
|
|
|
I believe that if BTC ever becomes mainstream, it needs to be legal, so help it to get more positive view and cooperate with certain regulations are necessary Bitcoin and every kind of bond that have face value in bitcoin and are traded in bitcoin, will not be legal in near term future. Bitcoin is changing the status quo while financial laws and regulations are crafted to preserve this status quo. Learn from history! Before the printing press was invented only the Holy Church has the right to sanction the writing of books. People should read only true stuff and someone should take care about that - they say. The printing press was invented by the German Johannes Gutenberg around 1440. And guess what, it was declared illegal and all the books printed were outlawed by the Church. Many people were sentenced to death and burned to death. The printing press changed the status quo and challenged the POWER of gatekeepers of human knowledge through controlling horizontal communication between people! As early as 1620, the English statesman and philosopher Francis Bacon could write that typographical printing has " changed the whole face and state of things throughout the world". Same repeats now with bitcoin. Just this same theater has modern decors. |
|
|
|
I've finally secured some financial backing for OpenPay and the Open Payment Alliance is in the process of forming. What is the difference between Open Payment Alliance and Open Transaction Alliance? |
|
|
|
If a few other firms open up they can cooperate on an OT trust web. There is no trust when there is SEC. Why are you hiding your head in your ass? |
|
|
|
|
Show Posts
