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Well, yeah it's pretty much exact, although thecurrent banking system isd not as outrzgeous as presented in this movie.
Basically when a banker makes a loan, he does indeed creates money out of nothing but the promess from the borrower to repay this. But this is not as wrong as suggested in the movie. By doing so, the banker kind of work as a juridic notifier : he makes the promess official before the public, the law and society. I think it's quite a clever system. In my opinion it's ok as long as it is not forced and if other systems are not prohibited.
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Yes indeed. Governments can't do anything against people sending some stuff via mail, of course  Therefore there is no reason why we should worry about governments doing anything against bitcoin. If you are not worried at all then why did you delete the thread? I was trying to be ironic here. Truly I believe bitcoins are much harder to control than cash, for cash has a physical existence, while a bitcoin wallet, once encrypted, is just a bunch of bits. |
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I'm sure you can't ignore that police checks mail when it's suspicious.
I've bought some gold in the past. I was receiving it by mail and many of my letters had obviously been instpected.
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Am I the only one who thinks it would be way more simple to just rent distant shell access ??
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Anything that is said about bitcoin could be said about cash. Why is it different just because its online? You can buy child porn and sponsor terrorism anonymously be sending cash in the mail....yet they dont ban cash.  Yes indeed. Governments can't do anything against people sending some stuff via mail, of course Therefore there is no reason why we should worry about governments doing anything against bitcoin. |
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- 1 I don't like the idea of him raising his prices. Others will just compete for less anyway. And definitely not an auction. We need a stable reliable ways to convert Bitcoins to cash/credit card, and vice versa. The pricing has to be stable and competitive.
I don't know what you mean by "stable", since we're talking about pricing in $. I know the dollar has not already plunged, but in the long term, we can't hope for any stable BTC/USD rate anyway. Otherwise, it would deny the whole purpose of bitcoin. |
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I guess his new service is more popular than he expected.  A lot of people have just been hoarding bitcoins so far. And suddenly Madhatter makes it possible for them to spend their bitcoins anywhere on the web. No wonder his cards are sold quickly. I think he should raise his prices, or sell his cards with an auction process. |
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I did.
Somebody (I think it was you) said it was not a good idea to publicly brainstorm about how to counter bitcoin.
I thought it made sense.
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I can't help noticing the irony of these T-shirts being sold in $
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Holy shit thats awesome!!! Have you been living in a cave or something ? |
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I'd like to have your views on my post about the selling of information with bitcoins. See there : http://bitcointalk.org/index.php?topic=1344.0In order to sell an image, one solution would be to sell a blured image. You would display the blured image on your website, and you would improve it for each additionnal paiement. To do so you could use for instance imagemagick : convert original_image.jpg -blur ${N}x${N} blured_image.jpg Where ${N} would be the size of the blur filter (the smaller it is, the better is the image). |
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Either I haven't been very good at explaining why there's no possibility to cheat, or I'm wrong. But if I'm wrong, no-one has posted a specific objection. So I'll try to explain it again, by presenting a specific design to show that a dishonest client cannot cheat.
Sorry, your system seems quite well thought, indeed. I hadn't been paying enough attention. Still, I keep thinking that renting ssh access would be much simpler a solution. |
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Sinon j'ai entendu parler de bitcoin sur linuxfr a l'epoque ou ils ont fait un article,
hum... l'auteur de cet article, c'était pas un certain grondilu, par hasard ? Sinon concernant ce qu'on prévoit de pouvoir acheter avec des bitcoins, grâce à Madhatter on peut déjà acheter presque n'importe quoi, vu qu'on peut acheter des cartes bancaires jetables. Moi j'ai commandé un T-shirt Vim et un autre Debian. Je devrais les recevoir bientôt. |
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To me it seems that cooperative mining is a tough task, because the honnesty of participants has to be checked. What's preventing someone to run a modified version of the client, that would just keep generated bitcoin for himself, while receiving bitcoins from others ?
I wonder if it wouldn't be simpler to just rent processing power. For instance by renting a ssh access to each machine.
The price could be directly proportionnal to the total number of computed hashes.
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Yop la ! Encore un autre francais, mais pas un parisien. Interessé par bitcoin par le coté technique et je vois ca enfin comme un syteme financier alternatif qui pourrait tenir la route. Pour le moment je genere des bitcoin, mais avec la difficulté actuelle ca va pas monter vite ... Ca a au moins le merite de chauffer l'appartement Vala, bonjour aux autres FR donc  Salut, tu as de la chance de pouvoir générer. C'est quoi ton matériel ? Sinon si tu cherches un acheteur pour ta production, fais le moi savoir. Comme tu es en France, je peux t'envoyer un chèque. ça me coutera seulement le prix d'un timbre poste. PS. et aussi, stp dis-nous comment tu as appris l'existence de bitcoin. |
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Isn't cooperative mining a form of communism ?
Personnaly I gave this a thought and I think it's useless and much harder to do than one might think.
First I thought it was a problem if only a few nodes were capable of mining. Now I don't care anymore. Even if only one was mining all new bitcoins, I wouldn't care much. This node would do all the work recquired, and in the best way. Plus, anyone can take its place if it can hash more.
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My market webpage is back in business. I removed many of previous order, because too much water has flown under the bridge. There is no reason why I should only sell metal there : so I changed the presentation to say that it is a place where you can exchange bitcoins against pretty much anything that can be sent via postal mail. This includes bank notes. http://grondilu.freeshell.org |
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They would be the physical equivalent of open source software which also "belongs" to no one.
Nope. A software is immaterial. It cost nothing to copy. It's different in robotics, unless you build a self-reproductive robot. Wild science fiction again. The more BTC stored inside the robot, the smaller the chance of vandalism.
Destroying a "wealthy" robot for fun would be the equivalent of you finding a safe on the street that you know has $100,000 inside it, and then dumping that safe in the ocean, just for fun.
If someone has really no hope in hopening the safe, they would throw it for sure. Plus, throwing a safe is certainly less fun than destroying a robot. |
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At the end of the day it encourages changing bitcoins for dollars to buy stuff, not creating a real bitcoin economy. If people start using your service a lot you will end up with a bunch of bitcoins and less dollars, and if you have nowhere to directly spend those bitcoins... If you are happy to accumulate bitcoins for the future and you see this as a way to as a complement to encourage people to use bitcoin then its ok. But its not something sustainable.
It would be way more easy to use bitcoin directly. But until people realize that, a compatibility layer is a good thing. |
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Fully homomorphic encryption would open the possibility of 100% autonomous robots.
The robots store Bitcoin private keys inside a fully homomorphically encrypted program.
Whenever the robot gets repaired or refuelled (by whoever feels like doing it - there is no central authority maintaining the robots), the robot rewards that person with a few BTC.
Of course the robot would require some unforgeable proof that it has been refuelled or repaired, before sending a BTC transaction. I'm not sure how this could be done.
The robots could also "earn" BTC by delivering stuff for people and getting paid.
Vandalism is discouraged, because if you destroy the robot the BTC stored in its memory are gone forever. Remember that simply copying the memory is useless because it's encrypted, and decryption is only possible by interacting with the robot.
This is wild science fiction. Moreover, I doubt such autonomous robots would be a good thing. Robots belong to people. There is no point building a robot who belongs to no-one. I also disagree about vandalism being discouraged. If I had such a robot in front of me, I could destroy it, not for the bitcoins, but just for fun. That's what vandalism is about : it is not theft, it is pure desctruction for the sake of destruction. The only way to prevent vandalism would be to give robots some kind of rights, which is even wilder science fiction. |
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