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4101  Bitcoin / Development & Technical Discussion / Re: Website and software translations on: September 28, 2010, 07:10:59 PM
http://ompldr.org/vNW56aw/index.html  The main page in Esperanto. (I will eventually also translate the wiki and the FAQ).

Please do this quickly as I suspect I may be able to get some small online Esperanto shops interested in the project, and maybe even a moderately large shop.

Saluton, kaja !

Ni babilis en freenode #esperanto, cxu ne ?
4102  Bitcoin / Bitcoin Discussion / Re: Freenode / #Bitcoin-Dev Chat Logs on: September 28, 2010, 07:00:06 PM
I suggest that if you are concerned about what you say being associated with your identity than you should put forth the effort to conceal or make difficult/impossible to determine your identity and not require or expect others to do the work for you.  Besides, if you already have said something that would affect you in some way, then regardless of the public logs, other privately established logs can be used and you will have no recourse.

I know very well how to hide my identity if I want to.  I have several nicknames that I use on different forums/websites, depending on how anonymous I want to be on that forum/website.  The thing is that if sometimes I can write silly things, some times (hopefully), I can also write smart things that I may be willing to be able to claim for paternity, in some future.  That's why I like the rot13 function :  it hides the original nick but it's easy to show what it is really, if we just let people know that it is a rot13-ed word.

Now, I don't exactly "request" you to do it, since I know very well that I have no power to coerce you to do it.  I also know that some other program miht just be doing it without us even knowing it.  I just think it might be some kind of courtesy.  If you don't do it, it won't be the end of the word for me, I don't care that much.

It can be argued that a public log makes information finding easier, and yes, that's the point.  Information wants to be free.

Masking the nicks of people is not exactly hiding information.  What is important is what people say, not who actually said it and with which pseudonymous.
4103  Bitcoin / Bitcoin Discussion / Re: Freenode / #Bitcoin-Dev Chat Logs on: September 28, 2010, 03:35:26 AM
unu, fher, naq gura fbzrbar nccyl n fpevcg (ternfrzbaxrl?) gb ebg13 ntnva ^_^
> hah, sure, and then someone apply a script (greasemonkey?) to rot13 again ^_^

Doesn't matter,  I just want not to make things too easy.  Using rot13, at least my nick won't be indexed by Google or other robots.
4104  Economy / Economics / Re: Big inflation opportunity on: September 27, 2010, 09:21:26 PM
Think about chinese government :   it owns about G$ 2,500.

Does it try to sell it ASAP ??

No :  it tries to keep it and support the value of the dollar.  Of course, at some point it will try to get rid of it, but it will do this slowly.

What you say is true, but it's the same for almost all commodities.  After all the Hunt brothers tried to corner silver once.

Nobody could prevent a corner on BTC.

A monetary corner exposes population to possible arbitrary inflation.  But it's a one-time shot.  Once the money is put back in market, it's not easy to get it back.  So imo it's short-term pain, but good for long term, since we'd got rid of the corner.


I'd even add this :  somehow the fact that a corner is "possible" gives some value to the money.  As people try to corner the market, they spend other money and efforts to do so.  By doing so, they give some value to what they are buying.  It's just the same for gold.  Some gold buyers (most of them actually) dream of owning "all the gold in the world", which is an amount that, as a recall, holds in a 20meters sided cube.   As long as people will dream of that, however crazy it is, it will keep value to gold.
4105  Bitcoin / Bitcoin Discussion / Re: Freenode / #Bitcoin-Dev Chat Logs on: September 27, 2010, 09:08:21 PM
I can very well understand why some people don't feel comfortable about IRC logs.  Sometimes on IRC you write silly stuffs that you're not pride off.  Not necessarly offended things, but just silly remarqs that might may have you look dumb.

However, requesting for a deletion of a particular user might be too much either.  So I'm ok with logs, but I'd like the log not to makes my nick appear too easily.  What about using a rot13 filter on the nicks of people who ask so ?

Well I'll do :  if you log this IRC chann, please rot13 my nickname.
4106  Bitcoin / Bitcoin Discussion / Re: Trustbook: Decentralized Reputation System on: September 27, 2010, 03:49:49 PM
This needs to be integrated with social networking to be a breakthrough product. There are existing distributed social networks, but I'm most interested in Diaspora because of its media potential and the funding they've managed to gather, from mr. Zuckerberg among others. Diaspora accounts are based on PGP, so the integration shouldn't be too difficult.

Oh, using diaspora in conjonction with bitcoin seems like a pretty good idea.
4107  Economy / Economics / Reputation and game theory on: September 27, 2010, 03:20:15 PM
Now, I want to say first that Bitcoin is a great invention.

But obviously it's not the perfect tool for commerce.  I mean, it's an excellent electronic commodidty, perfectly suitable for use as a money.  But still, with a money you have to deal with the problem of the "exchange".

Bitcoin allows you to perform money transfer, in an irrevokable way.   Therefore it is perfect for donations, but unfortunately not for commercial transaction, for a commercial exchange is a bit more than just "two symetric transfers".

Say Alice want to buy Bob some service or good, let's say a nice cake for Xmas.

Alice sends her order to Bob and Bob accepts and tell her to send him the money.

Alice does it, and now she waits for her cake, that she is supposed to get delivered before Xmas.

At Xmas eve, if Alice did receive her cake, she's happy and can tell everyone that Bob is an honnest marchand.

If she didn't, she's unhappy and tell everyone that "Bob is a thief".

She might also say "Bob is a thief" even if she DID receive the cake.  In that case, Bob will say "Alice is a liar".

Now, in the market, reputation of people will be defined by three characteristics :  honnest, thief, and liar.   People will call each other by those names, and somehow one has to find a way to make sure everyone has been correctly qualified for what he is.

Such a situation reminds me of the famous game theory example of "doves" and "falcons".

Somehow I wonder if game theory could be of any help in order to design a rating system that would be efficient.
4108  Bitcoin / Bitcoin Discussion / Re: Trustbook: Decentralized Reputation System on: September 27, 2010, 03:07:43 PM
You know this is what the PGP web-of-trust is right?

Trust in the PGP sense means, I have personally verified that this "public key" belongs to the guy stated in the PGP key. For varying senses of the words "personally verified".

It is quite reasonable that if I transact with you BrightAnarchist that I might sign your public key, so that my friends would know you are the specific BrightAnarchist I traded with. Even if I only know you pseudonymously.



After some thinking it seems to me that BrightAnarchist was adressing a different issue.

PGP web-of-trust deals with making sure that a certain PGP fingerprint belongs to a certain person.

the kind of trust that is relevant in commercial exchange is not about who people are, but whether or not one can trust them to perform a transaction honnestly.  This is a different fonction, I guess.
4109  Bitcoin / Development & Technical Discussion / Re: Website and software translations on: September 26, 2010, 09:45:51 PM
Anyone interested in making a French translation? Twitter shows there might be interest towards the project from that direction. Cool

I see on this thread that some people made a french translation.  Still, I don't see it on the main page.

I made one myself, in html format.  It's just a basic translation of the main page.

4110  Bitcoin / Bitcoin Discussion / Re: Pros and cons of using new Bitcoin addresses for each transaction? on: September 26, 2010, 04:20:56 PM
I think the number of addresses is like 33^62 (26+26+10?) that's over 10^94. If a trillion people each have a trillion addresses that's 10^24. The odds of picking a taken addy even after all that is so vanishing it's absurd. And no 10^24/10^94 is not 1/4.
So, here you have accepted that risk.
You have multiplied the value of the potential damage by the probability of the event.
It is acceptable to you, because that is really low risk, since you take no damage at all.
Some may be concerned if their potential loses are larger than yours, and have not only monetary nature,
but for example, reputational damage. Bank may get slashed by a bank run, if it lose some of it's reputation,
that will be the end for the bank.

You can think of it like that if you want, but it's not a 'low risk'

Driving around town is a low risk because you have a fatality rate of like 0.0000005. We're talking about a much smaller than .0000000000000000000000000000000000000000001 chance of losing the contents of one wallet. It's seriously dumb to call that a risk. It's on the scale of worrying about passing through your chair.


Very funny, some people just can't admit that at some point, small numbers are really virtually zero.

I've read somewhere that the total number of atoms in universe is around 10^80.

10^94 is thousands of billions (10^14) times bigger than that.  So we're talking about odds that are far less likely than picking a specific atom amongst the total number of all atoms in universe.  This is ridiculously small.
4111  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: September 26, 2010, 03:02:15 PM
AFAIK I very much think bitcoin is just about as much a money as gold is.   Some people don't think gold is money, and it might be quite difficult to convince them that BTC is.

Personnaly I don't agree with the fourth Aristotle's characteristic of money.  I doubt money should have any intrinsic value.  More precisely, such a value according to me comes from the compliance to the three first characteristic.

For instance, I think that gold has really very few intrinsic value, but since prehistocical ages men have noticed the fact that gold could be used as a exchange medium (it obviously complied to the three characteristics :  durable, divisable, portable).  This is this usage that gave it its value.  with time people started to wear it as jewelry only becauses by this way they could show off their weilth.

Actually I think that the fourth characteristic should be replaced by the "hard-to produce" aspect, or scarcity.  Water, for exemple, is durable, divisable and portable (as long as you have a bottle Smiley ).  It also has much value (especially when you're thirsty Smiley ).   However, water can be produced in many ways, and is far too present on earth to be used as a currency.



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