Is there a standardized namespace for publishing documents yet? I'm seeing posts on /r/bitcoin about cryptographic time-stamping, and this just seems like the perfect thing for namecoin. Like "doc/" or "pub/" namespace for publishing documents, and then the name values can be the hash, and a location to download, and the author's name and stuff like that. So it's useful info, and then even if the name expires, it's still in the blockchain and can serve as a time-stamp proof if needed in the future.
yup ... namecoin is just waiting for any number of notary and registrar applications to be built upon it.
|
|
|
Bitcoin is showing us the way to the Future and 100 years form now they will write this story as a great peace of advancement for the Human Race at least technologically speaking. Although more advance digital currencies will come into play they will all probably be linked to Bitcoin just like U.S dollars are mostly linked to the world currency prices and a marker for exchange. Remember also that BTC is not just an exchange of money it has so many other intrinsic values attached to it. I can easily see the price of BTC going towards the Million USD mark within the next 10 years as the market cap keeps increasing and the demand, services and companies grow using BTC as their primary currency of exchange or service. +1 .. thanks qiwoman!
|
|
|
Anyone?
My last email from davout during December's email exchanges pertaining to my 1,132.xxx BTC claim ended on the 22nd, whereupon he stated that he'll get back with me at the first of the year. At the moment, I'm still patiently waiting. ~Bruno Kucinskas lol
|
|
|
The Federal Bureau of Investigation has decided to revise a controversial fact sheet that declared its primary mission to be "national security," following criticism that the agency seemed to be moving away from its longstanding role as the nation's preeminent law enforcement agency. The change emphasizes that stopping terrorism and battling more conventional domestic criminal activity are both "primary functions" of the FBI. The lightning-fast revision should dispel any notion that large bureaucratic organizations can only operate at a snail's pace: The fact sheet was updated less than 48 hours after a report on it in Foreign Policy went viral last week. An FBI official confirmed that the change was a direct result of the article. "It's most accurate to say our primary functions are law enforcement and national security and that's probably what it should've said all along," FBI spokesman Paul Bresson told FP. "We've always been both." The changes come after FP reported Jan. 5 that that FBI fact sheets declared "the primary function of the FBI is national security." Two days later, on Jan. 7, the language changed to "the primary functions of the FBI are national security and law enforcement." "That has to be some kind of a record," said Kel McClanahan, a Washington-based attorney who alerted FP to the original fact sheet revisions. "Doing this so quickly and so obviously cover your ass-y seems beneath them." For some critics of the U.S. national security state, the FBI's creeping advance into counterterrorism since the 9/11 attacks has come at the cost of investigating other illegal activities such as mortgage fraud, financial fraud, violent crime, and bank robberies. Those critics seized on last week's report as evidence of the FBI's further drift toward counterterrorism. "If the FBI's primary mission is ‘national security,' what's the Department of Homeland Security's mission?" asked the Government Accountability Project's Jesselyn Radack. Others accused the agency of rebranding itself in order to extract more funding from Congress. "How many terror plots are there in this country? Not that many, but that's where the big bucks are," said Cenk Uygur, host of The Young Turks webcast. The article was also picked up by the Drudge Report and the massive link-sharing site Reddit. Bresson said critics were wrongly confusing a small change on a fact sheet with a substantive change in priorities. "You're talking about a fact sheet, not a change in policy," he said. "The FBI's mission today, and throughout the course of our history, has been law enforcement and national security." This may not be the final word on the issue. The fact sheets accompany every response the agency gives to Freedom of Information Act requests. The latest change was discovered by FOIA expert Shawn Musgrave who has already filed a public records request for the internal memos related to the fact sheet revisions. We'll keep you posted. http://thecable.foreignpolicy.com/posts/2014/01/17/in_reversal_fbi_now_emphasizes_role_in_law_enforcementGood, now the criminals inside the FBI who have been violating the Fourth Amendment will be prosecuted by their own?
|
|
|
another new low in the level of informed discourse on the forum should be noted, I guess ...
|
|
|
I can see the French totally losing their minds over bitcoin ... some have already it seems.
I wouldn't go let any number of bitcoins go near the place, it will be schizophrenic treatments at best, completely communist at worst.
|
|
|
I like this thread because it suggests a good way to estimate when the logistic curve tips over, i.e. a parametric model.
My impression is that roughly 30% of mined coin get sold. That number will go up as the price curve inflection becomes obvious, and tend to 100% in the limit. Suppose it is 50% at the inflection. The long-term value will be stable when the issuance equals the organic growth of the economy. The bitcoin economy is some percentage of the total human economy.
G = global GDP, ~42tln USD2012 / an.
E_btc = P_btc * Q_btc = P_btc/tot * E_tot = G * r_growth^n_years for an exponentially growing global economy.
M_btc = P_btc * Q_btc / V_btc
E_btc(y_i+1) - E_btc(y_i) = I_btc * M_btc * N_btc = P_btc/total * G * (exp((y_i+1-y_0)*ln(r_growth)) - exp((y_i-y_0)*ln(r_growth)))
I_btc = delta(E_btc,i,i+1)/(M_btc*N_btc)
THEREFORE
Price stability occurs when the annual block reward reaches P_btc:total * G * r * (r - 1) / M_btc * N_btc
Now we have enough data to fit a logistic, except for one thing: We don't have a good estimator of P_btc:total, the proportion of the human economy denominated in BTC, at the equilibrium time.
Well, that and the exponential growth of the underlying economy is probably not a good axiom going forward. But at least it is enough to model the scenario topology parametrically, and find the catastrophe lines.
Nice work, I like your reasoning.
|
|
|
Anyway, enough with this silly bike-shedding; lets get some work done.
I think I just got a glimpse of lead dev in waiting ....
|
|
|
Rules are what bitcoin need to complete his grown, rules don't mean taxes but just traceability and safety.
traceability and safety ... ha, like all those big safe too big to fail banks and their volumes of books full of rules? We tried that, it didn't work. Meddlers can just leave bitcoin alone please
|
|
|
Gavin:
I did have one serious question:
I am curious why do the CFR want to speak solely with you specifically? Why not executive director of Bitcoin Foundation Jon Martonis for example or Patrick Murck general counsel, and others or a group of you?
As far as I am aware they would not be experts on cryptography or some of the technical aspects that are your area of excellence, e.g. they are not going to be asking you about intricacies of git s/ware management or multi-sig scrypt code are they?
|
|
|
So, all the electric power utilities in the world start accepting Bitcoin. Still, US uses about 2$ billion worth of oil daily, and that is approximately how much energy would Bitcoin network use. In other words, an ecological catastrophe.
There wouldn't be 1 billion miners. I mean there are probably over 1 billion credit card users today and it's not "an ecological catastrophe". That's because all the card processors in the world put together don't use 1 billion dollars worth of electricity, do they? Which is what would happen to the Bitcoin network, if price rises to 1 million dollars per Bitcoin. sums or you're just full of it ...
|
|
|
My thoughts on my stealth addresses should be called stealth addresses:
I'm very against the name "reusable addresses" and strongly believe we should stick with the name stealth addresses. .....
Well done for this work Peter! good arguments all ... and of course author(s) get naming rights ... so Stealth Addresses they are I say.
|
|
|
This concept is awesome, but needs some PR reworking. Can we consider renaming this to something like "restricted," "confidential," "personal," "private" or "nonpublic" . "Stealth" has an off-the-books connotation that doesn't fit what govs. want to see in Crypto right now.
Maybe since it is in essence a Diffie-Hellman key exchange technique ... you could call it Forward Privacy Transaction or DH-TX or some such ... i.e. in same name as the original cryptographic technique it is based upon? http://en.wikipedia.org/wiki/Diffie%E2%80%93Hellman_key_exchangeEdit: while the authentication part of ssl would have to be dealt with separately through some pgp stuff or x509 or whatever? ... you could use a stealth address secured in the namecoin blockchain for human-readable authentication, without a 3rd party.
|
|
|
Sounds like digital cash ...
|
|
|
If that is true (am UK based) I will definitely up my investment, I already have CGT issues as it is, but one investment without being taxed on gains will give it the edge, and put it more on a par with art investments for me. It sounds likely, since Germany has done this and the UK likes to be relatively open-minded on financial markets to support London's position in the world financial system (we don't export much else), so this is good news and will affect Europe generally too. It's not happened yet, but it sounds like it will. I will definitely be increasing my exposure and I will not be alone, I am sure. I concur ... it is a way to make UK seen to be 'progressive' and hip-tech by encouraging financial innovation, yet at the same time keep bitcoin at arms length. Private currency it is I think. Switzerland is going the same way, albeit "foreign currency" classification. Bullish overall i'd say.
|
|
|
There are other examples also ... don't have them just at hand
|
|
|
Tools like these help make bitcoin fungible. Most definitely an improvement.
The D-H shared secret scheme proposed looks like a winner to me (and something i've been anticipating in some guise for a while) , probably should have just called it perfect forward secrecy transaction addressing (PFSTA) or some such ... whatever it's name it will make bitcoin that much more useful and valuable. I feel like bitcoin is finally arriving to where it promised it could go towards.
|
|
|
Bitcoin/USD volatility has been decreasing continuously since it began trading, there is no reason to think this trend is going to change while the rate of adoption remains approximately constant.
The bigger the mass the larger the inertia, simple as that really. It is much easier to get 10,000 people to panic simultaneously than 100,000 ... it is why fiat fractional reserve can work with the popular delusion that your money is safe in the bank, when in fact it doesn't exist in there at all and at best only 10% is ever available for redemption (actually more like 8.7% with the latest Basel rules).
As Bitcoin holders being to number in the millions to tens of millions that "10% panic" number becomes at least a million ... everyone bitching about greedy big btc holders, these are the guys holding steady in face of extreme skepticism/negativism since day zero making this thing work for the ungrateful, skittery, day tarders.
|
|
|
If Gavin wants to talk to people like this (it might be better if he didn't, but OK), why doesn't he just tell them the truth? You could say it would cause panic and uproar, but it's coming anyway ... The next best thing after not talking to them at all would be luring them into a false sense of security. ... hmmm, surely you're not suggesting to conspire to herd the CFR and elite establishment into a false sense of security like sheep into a pen? The conspired upon become the conspirators?
|
|
|
|