... If they really were generating 470 Kwh of heat in that little shipping container something needed to circulate the water and vent that heat outside A simple pipe can vent 470kW of steam without difficulty, and a simple pipe can deliver cold water. With a 1MW electrical generator running, I can easily produce 470kW of steam with simple resistive elements. |
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... he already claims to have reproduced it 1000 times ... And this is precisely why I don't believe him. Rossi made a big deal about how he has scaled this thing up from a few kilowatts to a megawatt. This is a typical magician's misdirection. If this thing worked as advertised, the kilowatt device would be earth-shattering. Simply aggregating some of these into the megawatt device would not be such a big deal. An honest "black-box demo" of the small unit would be straightforward to provide and would silence all the skeptics. If Rossi is not prepared to isolate the power inputs from the experiment, I can't take him seriously. |
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As far as I have been able to figure out these kind of devices do not work ...
Precisely. People, use your critical thinking faculties. All we have is Rossi's own claim that his customer is satisfied enough to buy the device. During the demonstration, they didn't even disconnect the external power cable, which is supposedly only needed while the device is being started up. If the device really worked, they would have been happy to disconnect the external power supply. [edit: it seems they didn't even turn the diesel generator off during this so-called test!] |
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But the only reasonable behavior to the protocol is to accept them all.
Agreed. Any software that blocks (some) unspendable transactions can be applied at the time the transaction is created. There's no reason why someone else (i.e. the miner) needs to do the blocking. |
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... you could say that Bitcoins would enable easy funding for terrorists and organised crime ... Any kind of money that works well for businesses and honest citizens will also work well for criminals. Goes without saying. That's why govts should focus on the underlying crimes, not on the payment instrument. |
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what is wrong about the dvorak keyboard? we only use qwerty because (global) change is difficult, not because it's a better system. True. And this is why Bitcoin will outlast any of the alternative block chains that are springing up. The dvorak keyboard may be a better layout, but it's only slightly better and it will not gain traction. For more on this, see " If Dvorak keyboards are so great, why isn’t everyone using them?". Incidentally, it's not the same Mr. Dvorak. Kinda seemed like an opinion article written while he was on the toilet Wouldn't be the first time for John C Dvorak. |
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Ripplepay sounds like a great concept, but how does it deal with the situation where an intermediary dies or becomes bankrupt, and their debt must be written off? It seems to lack the certainty of Bitcoin.
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You say that controlling a market means it is not rational, but what is rational about a free-floating market?
The rational thing about a free-floating market is that the buyer and seller transact at a price that leaves them both better off. If I judge the value of a bitcoin to me to be $10, and someone else decides that the value of a bitcoin to them is $8, then they can sell to me at $9 and we're both happy. A market isn't about guaranteeing anyone a risk-free investment, or anything like that. |
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What happens if Alice's accomplice transfers the coins to a private address and disappears with the BTC? Surely Alice herself should do the transfer herself while she's with Jack.
Jack doesn't trust Alice's organization, remember. So if Alice's accomplice steals the coins, Alice's organization may accuse the accomplice of being an agent of Jack.
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For the first few years after Wikipedia was launched, it was widely ridiculed. It was written off by many journalists as something that could never possibly work.
Many journalists have a very short attention span. Ten years from now they'll be using Bitcoin daily and will have forgotten that they ever dissed it. Just like with Wikipedia.
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The only people who love inflation are those who are in debt. The government loves inflation.
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Are you suggesting that if a parent wishes her child to be taught creationism, and a teacher wishes to teach it, that such activity should not be allowed?
Sure it should be allowed, just not with the taxpayer's dollar. |
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Obviously people shouldn't be able to create as many credits as they want willy nilly ... Someone would only be able to create a small amount at the start, slowing building up trust with the system through payments back to it ... Not sure what algorithm could be used for "trust building".
Algorithms for this "build-up of credit" have been well-developed by various LETS schemes over the years. But these schemes necessarily depend on tying credits to the identity of a specific person. There's no possible way to combine your idea with a pseudonymous block chain like Bitcoin. |
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It is better that there is no human face to Bitcoin.
Until they are ready to award Satoshi the Nobel Prize for Economics. |
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Bitcoin was Satoshi's passion, not his career. Satoshi succeeded because he was a generalist, an all-rounder, someone who had a great understanding of crypto, but also of economic reality and software construction.
I think anyone who attends a specialist cryptography conference is not going to be Satoshi.
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Good communication and smooth transaction with MiningBuddy.
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Businesses planning to exhibit will need to be proper trading entities...
Last I heard it was still legal for an individual to be a sole trader in Australia, so please clarify exactly what you mean by this. ... and have liabilty insurance cover for the event.
Presumably this is a requirement of the venue. Could you please post the exact wording of what type (and amount) of liability insurance cover the venue requires. Can the event organisers please purchase blanket insurance cover and split the cost amongst the exhibitors? I don't think your ultra-cautious approach is going to produce a vibrant and lively conference. Why not feature a Bitcoin-centric version of the " Agora Valley" that is held as part of the Porcupine Freedom Festival? We are looking at accomodation packages Just make sure the accommodation package isn't a compulsory bundle. For the proposed European conference it turned out that most attendees prefer a cheaper and more flexible accommodation option than the official conference accommodation. |
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... I'd install keyloggers ... A quick question for anyone who knows about typical keyloggers: can you circumvent them by clicking around the entry field and typing the characters out of order (e.g. type the last half, then click at the start of the field and type the first half), or does the keylogger harvest the data after the field is complete? |
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Surely the longest orphaned block chain occurred last year when the overflow bug was detected, and a new version of Bitcoin was rapidly released. Many people didn't upgrade immediately, and their now-orphaned branch of the chain kept growing.
I was away on vacation at the time, and had left my Bitcoin client running. It was happily generating useless blocks, on a block chain that had become worthless because it had less than 50% of the hashing power.
I don't know how big the orphaned chain grew, but certainly it was still going after hundreds of blocks.
More relevant though, is that it took about nine hours before the bug-free version of Bitcoin, and the chain that it generated, reached more than 50% of the hashing power.
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