I am interested in seeing the value of those coins go up vs. the USD so that I can sell my coins for USD in future. For me, there's no other reason to have them. The future of bitcoin is bright, Charlie. Get over it. |
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Won't killing off mining operations, if indeed that's possible, just serve to revalue the existing 10 million plus BTC already in circulation?
No. Mining is not just new coin generation. It is also (and more important) transactions verification in every single block! |
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Bitcoin is not decentralized. It is actually very centralized. Bitcoin is not just the network and the protocol. Bitcoin is also about mining. A coordinated action in just 24 hours can shut down a dozen mining pools and that will be the end. In the original paper Satoshi talked about CPU mining, not GPU mining. Technically the weakest point is not the exchangers but centralization of mining activity!
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Establishing Bitcoin Foundation is the right step if you wish bitcoin project to succeed. You have to start from somewhere despite all possible mistakes. There are some valid points in this discussion that must be taken care of and corrected.
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Who said certification would restrict innovation?
I said that and I know what I'm talking about. Certification, especially in business, is always about defending the status quo, respective profit structure, and beneficiaries. |
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The certificate program is a very good idea. Thinking otherwise is just stupid. Bitcoin block chain can be used in many different ways in just 2-3 years that are hard to imagine right now. Why limit bitcoin protocol to medium of exchange or measure of value? Certification is enemy of innovation! |
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and rest assured that the site has a reasonable chance of not losing all their bitcoins. ... and rest assured that the bank has a reasonable chance of not losing all your money, because it is FDIC insured? Sounds familiar?! The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the U.S. Congress to maintain stability and public confidence in the nation's ... |
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The Bitcoin Foundation is modeled on the Linux Foundation. Firstly, congrats for implementing my idea! And secondly, Our Goals for 2013
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Create an opt-in certification process for Bitcoin businesses should be removed from your goals at all! Certification is a bad idea and doesn't correspond to bitcoin spirit. One question though. How do people become members, get voting rights, and still preserve their anonymity? |
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Well, the bright side is that bitcoin thus gives an other big incentive to develop quantum computing. Well, it's time to start planning a graceful transition from bitcoin to qubitcoin.  |
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This actually strengthens my point even further. Every type of telecommunications used for communication between calculation machines is an internet. Using your logic one can say that the Internet started in 1940 because the concept was created at that time. In September 1940, George Stibitz used a Teletype machine to send instructions for a problem set from his Model at Dartmouth College to his Complex Number Calculator in New York and received results back by the same means. Linking output systems like teletypewriters to computers was an interest at the Advanced Research Projects Agency (ARPA) when, in 1962, J.C.R. Licklider was hired and developed a working group he called the "Intergalactic Computer Network", a precursor to the ARPANET.
Early networks of communicating computers included the military radar system Semi-Automatic Ground Environment (SAGE), started in the late 1950s.
The commercial airline reservation system semi-automatic business research environment (SABRE) went online with two connected mainframes in 1960.[2][3]
In 1964, researchers at Dartmouth developed the Dartmouth Time Sharing System for distributed users of large computer systems. The same year, at Massachusetts Institute of Technology, a research group supported by General Electric and Bell Labs used a computer to route and manage telephone connections.
Throughout the 1960s Leonard Kleinrock, Paul Baran and Donald Davies independently conceptualized and developed network systems which used packets that could be used in a network between computer systems.
1965 Thomas Marill and Lawrence G. Roberts created the first wide area network (WAN). This was an immediate precursor to the ARPANET, of which Roberts became program manager.
The first widely used telephone switch that used true computer control was introduced by Western Electric in 1965.
In 1969 the University of California at Los Angeles, the Stanford Research Institute, University of California at Santa Barbara, and the University of Utah were connected as the beginning of the ARPANET network using 50 kbit/s circuits.[4] The fact of the matter is that many people and groups (incl. military) have worked upon what we use today in computer networks. The fact of the matter is that when people talk about the Internet (note 'the' and the capital 'I') what they mean is THE communication system created in 1989 by Tim Berners-Lee in CERN! |
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TCP/IP and the basic (layer 1 & layer 2 - meaning the FOUNDATIONS) protocols of the internet were created by the military. CERN only built on top of that. Everything is created on top of something and serves as a foundation for something else. The military have only contributed with the networking protocol - TCP. The idea to merge the technologies of personal computers, computer networking (TCP) and hypertext was entirely developed in CERN. CERN was the place where the first web browser and the first web server were created. CERN was the place where HTML was invented by Tim Berners-Lee. |
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The Internet is also a creation of the military. Who cares ? I do. I don't want to be part of any arpa/darpa project designed to divert common people from using gold as money just because the US are preparing for the post dollar era trying to maintain its monetary monopoly as much as they can. The problem with bitcoin is not the protocol itself as it is a FOSS. The problem is the mining pools! Oh, and what people use in their every day life is the World Wide Web. It was not created by the military. It was created in CERN Switzerland by Tim Berners-Lee: http://public.web.cern.ch/public/en/about/WebStory-en.html |
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From the law.
"(m) "Monetary value" means a medium of exchange, whether or not
redeemable in money." This is funny. Every object in this Universe can be used as medium of exchange! |
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it is about if you run an exchange how can you insire yourself against becoming an enabler of a bunch of scammy "assets". You can't. Exchanges are just intermediaries between sellers and buyers. Exchanges must ensure time, quantity and standard quality of the delivery, not the investment grade of assets exchanged. The idea behind every IPO is to offer to the general public asset "B" in exchange for asset "A". There is no point for the issuer to give a promise (sell asset "B") in exchange for nothing, because proposed approach suggests not the issuer but the exchange will be asset "A" owner. In other words, to put some economic logic behind this proposition, the issuer and the exchange must be part of one and the same entity!? |
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An interesting (to me anyway) approach to certain concerns regarding trust in the deployment and use of exchanges has been suggested, which I have written up on the Devtome wiki and am interested in commentary upon. From the point of view of the public, the tradition of underwritten IPOs creates risk-free investment opportunities, because the "IPO price" of an offering is secured by assets provided by the underwriters and held in escrow by the exchange. I don't see how this helps in avoiding trust in deployment? What this approach is suggesting is simply moving the 'trust' factor from the issuer on to the exchange. Why do you think that an exchange should be more trustworthy than the issuer of a currency unit? |
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Trust, in this case, is the ability of two entities to believe that each other will be honest and genuine.
And how would you define an 'honest' person? May be someone you can trust!? Every definition should include more basic terms than those it is trying to define. IMHO, 'honesty' is a more complex term than 'trust'! Almost every thief I've met with thinks they steal from their victims in an honest fashion. |
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Lots of people on this forum are very untrusting What is 'trust'? How do you define it? The definition is important in light of how do you want to interpret the result from your experiment. |
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Isn't the error message pretty self explanatory.
If it was I won't have asked this question, right? Does anyone care to explain what recent changes in bitcoind are incompatible with their software? Thanks in advance. |
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On my end it appears the site is down for the last 2 days. http://www.bitcoinwatch.com/The following message is triggered irrespective of the browser used: Offline due to broken code. Recent changes in bitcoind are incompatible with our software and at the moment we don't have time to patch it. Do you see the same or it is just my ISP? |
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To sub or not to sub? That's the question.  |
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