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3201  Economy / Economics / Re: What is currency? on: October 09, 2013, 05:27:43 AM
Use the SI-system...
You mean the Système International system?
3202  Economy / Service Discussion / Re: Someone hacking bitcoincharts.com now? on: October 08, 2013, 05:31:41 AM
The volume is in satoshis, though I'm not sure what happened to the price. 13 billion dollars per satoshi? For bonus fun, check out the volume in currency: it's in the quintillions of dollars! At least Mt. Gox no longer has the greatest market share. Cheesy
3203  Other / Off-topic / Re: Liberty vs Liberacy on: October 07, 2013, 02:22:55 PM
Liberty, broadly speaking, is the freedom to do as one pleases so long as one doesn't violate anyone else's right to do likewise.

Liberacy, as I understand it (which is not very well, as the term is so infrequently used as to not have a clear definition), is a system of government more commonly known as a night-watchman state, in which the government's sole function is to provide police and military protection and arbitrate disputes.
3204  Bitcoin / Bitcoin Technical Support / Re: Can someone explain this because what is this on: October 07, 2013, 06:07:00 AM
I found it fishy considering it happened one minute after installing the client and it hasn't happened since.
Is it particularly rare or am I "unlucky?"
Don't worry, it'll happen again eventually. Or do worry, if you think having your IP address associated with that transaction instead of one the thousands of other Bitcoin users is "unlucky" rather than "lucky". In that case, run Bitcoin over Tor, and then it won't happen again.
3205  Other / Beginners & Help / Re: Writer seeking a little technical help on: October 07, 2013, 05:51:44 AM
I think it would be more fun if they had a totally improvised setup without buying hardware specifically made for mining.  Is that realistic anymore, if one of them (unscrupulous computer repair guy) had access to computer parts, cpus, graphics cards, etc?  Or do you really have to have hardware specifically made for mining to get any kind of decent rate of return?
The latter. Sorry.

Later in the story, thanks to what I'll just call divine intervention, I want them to have a period of time when they get a huge rate of return, well beyond what probability would dictate.  I don't fully understand how the bitcoin process works but I know some of it is luck. If the luck were taken out...if they ALWAYS hit (for lack of a better word), what is the fastest rate the coins could be generated.  Remember, limited hardware but the luck factor is removed in their favor for a period of time. Any element of the process that is due to chance they always hit on the first try.  I realize I don't know enough maybe even to be asking this question correctly but hopefully you get the idea.
BTC25 every 10 minutes. Much faster rates are possible temporarily, but the mining difficulty adjusts periodically to ensure this rate is maintained, on average. Of course, your characters won't achieve anywhere near this, unless your story is about your characters being accused of totally breaking Bitcoin's security and completely destroying the Bitcoin economy overnight, because such a thing happening by chance stretches credulity beyond the extent of the visible universe. "Merely" mining several times what their hardware would normally be capable of is more plausible (especially since it actually happens from time to time).
3206  Bitcoin / Bitcoin Technical Support / Re: Can someone explain this because what is this on: October 07, 2013, 05:21:16 AM
Everybody running the Bitcoin software relays everybody's transactions to and from everybody else. What, you thought "peer-to-peer" was just some kind of marketing hype?
3207  Economy / Speculation / Re: U.S. Debt Default Bullish for Bitcoin? on: October 01, 2013, 02:24:16 AM
I was wondering about this as well.  The default is due for tomorrow.
You're thinking of the shutdown. The debt ceiling will be hit in mid-October, the government will run out of cash a week or two later, but won't technically default until the 31st of October, because that's when the interest on the Treasury bonds is due (some say the government will manage to scrape together enough cash to make the payment and then default on the next interest payment on the 15th of November, but that would require an uncharacteristic degree of competence on the government's part). If the government hasn't raised the debt ceiling by then, reality will ensue.
3208  Other / Beginners & Help / Re: Introducing the first digital currency trading platform in Australia on: September 30, 2013, 02:59:17 AM
Alright, it seems your loophole is narrow, but acceptable. Probably.
3209  Other / Off-topic / Re: i'm goin make movie on: September 29, 2013, 07:55:22 AM
(title goes here)

fade in.
ACT I
(beginning of the movie goes here)

ACT II
(some kind of plot complication happens here)

ACT III
(plot complications are neatly resolved by a deus ex machina)
(Credits go here)
fade out.
3210  Economy / Speculation / Re: USD price 2014 predictions on: September 28, 2013, 12:19:24 PM
$750
3211  Economy / Economics / Re: Need your advice please on: September 26, 2013, 01:41:52 PM
If you have to ask, the answer is no.
3212  Other / Off-topic / Re: Why's there so many cunts on this forum? on: September 26, 2013, 12:20:25 PM
I use to think Sublime was the biggest cunt on this forum until I recently when I started noticing just how many fucking pricks there are on this forum.
Well, there's your answer. Obviously, if the pricks weren't fucking, the cunts would be smaller.
3213  Other / Politics & Society / Re: Political Compass on: September 24, 2013, 10:52:03 AM
It doesn't make you chose between national and international authority. "Military action that defies international law" is a subset of military action in general, so if you feel military action is never justified under any circumstances, then you answer "Strongly Disagree". It's not a hard question.
3214  Bitcoin / Development & Technical Discussion / Re: Annoying HTTP 500 error on: September 24, 2013, 10:05:58 AM
Bitcoind could return "HTTP 200: I don't give info about someone else transactions" at least.
No, it couldn't. HTTP 200 means "Your request is valid and I was able to process it correctly, so here's the data you asked for." HTTP 500 is the correct response when the server is unable to carry out your request. What do you expect it to do? Fail to carry out the request and then not give an error? Roll Eyes
3215  Bitcoin / Development & Technical Discussion / Re: Obfuscation - only to be used by wizards in magic spells, not cryptography on: September 24, 2013, 05:31:10 AM
This scheme can easily be shown to be bogus just by calculating how much entropy each step adds to the "key":

1. Add/Subtract x to each number (e.g. +5)
Zero. x can be trivially derived by subtracting 5 mod 10 from the first digit of the obfuscated private key (since the first digit of the private key is known to be 5).

2. Shift characters along x places (e.g. +7)
Although it may appear at first glance that all values of x from 0 to 52 are equally likely, we know that only transpositions that put a number at the start are valid, and on average, there will be 9 possibilities.
log2(9)

3. Take a memorable name and swop first with last letter and add symbol to the first letter. So if your cat is called fluffy, you could replace every "F" with "y$". You could mix it up by having a personal rule to alternate the symbol with case, so F->y$ and f->y#
We only need to guess the first letter, since we know what the last letter is - it's the one with the symbol after it.
log2(52)

4. Replace a number with a line break (e.g. 4).
log2(10)

5. Transpose lines (e.g. 3 and 2)
log2(3)

Which gives us a grand total of log2(9) + log2(52) + log2(10) + log2(3) = 13.8 bits of entropy. Which is less than a password consisting of 3 lowercase letters. It can be bruteforced with a pencil and paper in only a few days!

Please leave designing cryptosystems to the experts, okay?

EDIT: Typo
3216  Other / Politics & Society / Re: Should I pay my Traffic Tickets? on: September 22, 2013, 11:47:32 PM
You will then ask...

"Your honor who do you represent here today?"


He will reply:

"The State of California."
Huh No he won't. He'll say he represents the court. Judges represent the judiciary, which is a separate entity from the rest of the government precisely to avoid this kind of conflict of interest.
3217  Other / Beginners & Help / Re: Whats the deal with all these Cryptocurrencies and Themed-Coins? on: September 22, 2013, 11:23:10 PM
The deal is very simple, really:

Step 1: Realise how "unfair" it is that early adopters of Bitcoin made more money than you.
Step 2: Forget that Bitcoin's rise in value is due to the fact that it's an amazing innovation the likes of which the world has never seen, and create a clone of it that doesn't innovate in any way and everyone's seen a million times before.
Step 3: Convince suckers to buy your clonecoin. Profit!
3218  Other / Beginners & Help / Re: How to read orderbook? on: September 22, 2013, 01:48:13 PM
It's quite simple. Size is the number of euros that people are offering to buy/sell, price is the number of ripples they want per euro, and sum is the cumulative total sizes of the orders, ie, the total number of euros that must be bought/sold to reach that price.

To give an example of how it works, say you want to trade 10 euros for ripples at market. How many ripples would you get? Well, you'd get the best bid price for your euros, which in this case is 81.37 XRP per euro. But you can only sell 5 euros at that price, so for the remaining 5 euros, you get the next best bid, which is 80.98 XRP per euro. But again, you can only sell 4.35 euros (9.35 total) at that price, so you sell the remaining 0.65 euros for the next best bid after that (75 XRP per euro). This bid is finally large enough to sell all your remaining euros, so we're all done, and you've sold 5 euros for 81.37 XRP each (406.85 XRP), 4.35 euros for 80.95 XRP each (352.1325 XRP), and 0.65 euros for 75 XRP each (48.75 XRP), for a grand total of 406.85 + 352.1325 + 48.75 = 807.7325 XRP. Average price = 80.77325 XRP per euro (or 0.01238 euros per XRP if you prefer).

Buying euros with ripples follows the exact same sequence, only you use asks instead of bids (and so you'll pay at least 205 XRP per euro due to the massive bid/ask spread resulting from the ridiculous illiquidity).
3219  Other / Beginners & Help / Re: Stop the "correct horse battery staple" debacle. on: September 22, 2013, 08:05:31 AM
The private key is publicly known. But why all the double spends?
You just answered your own question. Because the private key is known, the instant anyone sends coins to that address, somebody will attempt to transfer those coins to their own addresses before anyone else does. But since everybody else has the exact same plan, the result is a great many transactions from many different people all trying to spend the same coins.
3220  Economy / Speculation / Re: Why is Bitcoin so cheap? on: September 22, 2013, 04:21:12 AM
Yes, for all debt, but does that mean for goods and services too?
No. Goods and services are not debt. When you grab goods off a store shelf, you don't owe the store anything (unless you walk out with the goods without having bought them, but that has its own problems). Ever wondered how stores are allowed to refuse to accept $100 bills, even though $100 bills are legal tender? It's precisely because they're not required to accept legal tender. Now, if you steal something from the store, get arrested, and the court orders you to pay for the goods you stole, then you have a debt and the store is forced to accept legal tender, but otherwise they don't.
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