ZeroCoin will come in the one form or the other. Not in the current form though. Satoshi wants to cash out some day and if he's not the US.gov anyway, he will put his massive weight behind some anonymity feature.
For not that extreme cases, off chain transactions will do the trick. I basically see a future where we only put about 2 transactions on the chain *per year* and the rest happens off the chain.

How does that matter? It is supposed to grow usd + btc*usd_per_btc. Growing this is the same as growing "this * btc_per_usd". Problem is it fails either way to outperform a buy and hold strategy at least when you take license costs into account.

My shit of an ISP put fibre to the home and installed a router that can't handle when my browser restores 4 tabs at once. Using torrents kills all my internet. Wonder how much nagging it takes to get a better router. I actually thought that the tabs problem was a side effect of them penalizing torrents but a friend now told me that he got his router replaced after 100 calls.

So I accidentally clicked on one of your ADs and that freaked me out!

Could you please make sure no shady phishers place ads on bitmit? I want to feel save when surfing on bitmit.

"Rent this adslot: CoinURL Bitcoin Advertising" was the right most slot. I wondered if you had not been able to rent out this slot aka I did not realize it actually was a third party link and clicked to see how the auction was going, not realizing that it was actually 2 links so I was surprised to see some russian page.

Please make clearer what is third party ad and what is your ad beyond doubt.

Edit: Even worse, the link is a forward. I had hovered the mouse to see if it was a bitmit link and as it was, I clicked. Bad!

Hey! you were featured on The Verge! Congratulations!

‘Get rich quick’ scams hit Bitcoin

Mike thank you for the explanation.

Unfortunately I don't have time to dig deep enough to answer this for myself:
How does this relate to micro transaciton channels. You know I see micro transaction channels as the next big thing to solve

• instant payment
• micro payment
• privacy
• transaction fees
• blockchain size growth

between arbitrary parties via a small set of facilitators (micro transaction gateways or whatever you want to call them).

As a merchant will I be able to send a payment request "update the micro transaction channel xy to grant me 0.5BTC more" or how would that work? Especially if the transaction is a three-hop channel one. A – A's gateway – B's gateway – B.

Oh Boussac! How can a troll like you end up being responsible for such a mess?

Not sure why it should concern you but I had no idea she even had Bitcoins. With the outstanding amount of bitcoins, I'm eager to see you explain to a judge how this mess was cleaned up in a responsible manner.

How will the claim process work after that date?
Just today I talked to a friend who was surprised to hear that instawallet was dysfunctional and she wants to dig out her link asap. What will she have to go through and how can she enter the claims process now at all, or are her bitcoins legally yours now?

Define good or evil.

My guess is, it's the US gov preparing for a post-USD world with them holding some 50% of the worlds money reserve again. For me that's damn evil as I don't see any chance of getting rid of the military industrial complex if that's the case.

If you work in the US "defense" (only one " for brevity) sector, that's damn good as your employer will not run out of wars for the next 100 years. If you are into Bitcoin for the profit, that's damn good as there is no way Bitcoin could be stopped by any Fed or gov or anything. If you think "honest money" can only be better than fiat because the banks can go die finally, no matter the fact that some organisation owns half of all of this oh so honest money, then it's good.

These thoughts make it hard for me to put all my weight behind the white knight Bitcoin saving us all from evil fiat. It's not black or white. The idea is good and Crypto-Money is here to stay but I doubt some provable non-gov version would ever survive that long.

Edit: Ok, I picked "evil plan" just to see what the others picked and I can't believe 70% think that it was a single person! Is this forum run by the NSA with tons of sock puppets?

oh yeah, ads. I love it. Seriously. Every way of monitizing bitmit allows you to keep fees for users low and this is just great.

On page one you find also this wonderful post about the potential CC-scam you might be pulling off. Yeah, I don't worry about people getting scammed after reading this whole thread. I worry about those who come here and only read the first and last post, so yes, I want to have some pointers to the risk reminders every now and then, so if I sound repetitive to you, I might not sound so to the new readers.

500.000 … was? Bitcoin? Euro? Wenn es Euro sind, muss man die ja erstmal in Bitcoin umwandeln, denn beim Kreditkartenbetrug kann man sich ja nicht aussuchen, das Geld als Bitcoins abzuheben.

Mixes sind ja auch keine Geldwäsche im eigentlichen Sinn. Wenn Du morgen drei Ferraries kaufst und die Steuerfahndung frägt, woher die kommen, kannst Du natürlich behaupten, Du wärest ein Earlyadopter der halt mal - in DE zum Glück steuerfrei - ausgecached hat, aber wenn die nervig sind und etwas von der Blockchain verstehen, werden sie weitere Fragen stellen, die sehr unangenehm sein können. Du brauchst also auch mit Bitcoin entweder ein paar alte private Schlüssel, mit denen Du Deine Earlyadopter-Story unterstützen kannst, oder eben doch nen Spielsalon.

Ich bin gespannt, was Bitcoin beim Geld waschen am Ende wirklich bringt. Ein Staat, der ein Recht hat, zu wissen, womit Du Dein Geld verdienst, wird es immer wissen wollen, egal, ob Du jetzt Mixes nutzt, oder brav die großen Banken.

I don't know, maybe I need glasses but I see "pre-order now" and not "on stock".

We all know that businesses scare competitors by announcing products just around the corner. BFL anybody?

blockchain.info -> challenge accepted I like that.

Well, which function to use on a certain exchange is an age old discussion. For me the last price at the exchange (which exchange?) is the best indicator for what the price will be in the near future. Just make transparent where the data comes from.

Nope. CLP here. Google should provide quite accurate exchange rates that are good for me. Put them into a non-approved section in the currencies dropdown if you don't feel comfortable having your app tell users that this or that is the exchange rate.

My guess is that either they put in the bitcoin for the lulz or because the actually plan to integrate bitcoin soon. On their site and via google I didn't find anything connecting them with bitcoin other than this clip.

http://www.bluesnap.com/ecommerce/support/shopper/why-shoppers-love-BlueSnap does not sound like bitcoin fits their business plan. Shrugging with almost every praise they get there. *shudder*

Thanx.


It was not meant as criticism of the dev team. You all do a great job. It can't be as I don't know how to do it better. It is meant to raise awareness of how many people actually blindly install anything that comes as bitcoin.exe. The "criticism" also contains "it's maybe a lack of tools or maybe a lack of understanding on my side". It is a fact that the majority of users install without ever checking a sig. I know it is not trivial to improve this and have no solution. Having some github repo with the sigs helps experts supervise the hosted files and I guess there is a bunch of people supervising all kind of hostings but the doubt – mine and the doubt of others – is a problem when it comes to getting updates spread fast.

It's good to learn that binaries are bit-reproducible. This is essential to trust any binary.

could anyone loose coins as a result of the bugs fixed in this release?

Gnah, updating is always such a pain when money is at risk. The "do you know the ppa guy" question being unanswered is also priceless. For Bitcoin and sensitive apps like that we need some signing mechanism that is easy to use and transparent.
When I use the ppa, I want to see something like "This binary is signed by A, B and C. D is missing. Should we install anyway?" If yes: "Do you generally trust updates containing just A, B and C?"

My other question: To have multiple people confirm the quality of a binary, can they compile it separately, getting the same binary? I would love to see as many people that review code to sign the binaries to gain trust. The source being trustful and the binary being signed by just one person is kind of a joke with the money at stake. No offense, Gavin, you are doing a great job and it's maybe a lack of tools or maybe a lack of understanding on my side (which would be a lack of easy and well known tools) but I think this update process needs more trust.

Extending this to mobile, I earlier mentioned how it is a joke to advertise a wallet as open source when 99.99% of all users use the binary. There needs to be a way to get what you want and to sign stuff.

To understand how many signatures I am thinking of: I want to be able to publicly approve of stuff and I want to be able to configure my friends' PCs to warn about updates if I did not approve of this version publicly.