Hey, just want you all to know I'm buying gold from Mexicans for $500/oz. I know it's low, but I'll give you the money so it's cool guys, I want to buy some gold. |
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April 1, people. prepare for crap threads all day.
Shit! I hate april 1st BASTARD! got me fuching good. |
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w00t! I need an address to send you bitcoins  Sure. 14bfFHNybWP8BQak2iDdHdBC9pmUEthQff I don't want to solicit any more donations now though. Justmoon let me use the 100BTC I had pledged for his video towards the ad fee and I'm more than happy to make up the small difference. Oh dammit... I just sent 10 bitcoins to 14bfFHNybWP8BQak2iDdHdBC9pmUEthQff...I hope you recieved it and can use it towards either this Agora I/O's ad or someother advertisement. Anyway, there are some very great youtube videos from the Agora I/O Unconference uploaded by http://www.youtube.com/georgedonnelly, some better than others. I would recommend Brad Spangler's lecture on Agorism. Want me to pass them on to the donate address that Donnelly put on the bottom of the Agora page? |
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I like them both. I think more is better.
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I think there is a problem, but it hasn't been precisely identified.
Think about what is valuable that you get for free. Obviously for now transactions are being paid for by new coins. In the future a fee will be paid, but this fee you pay is for your first confirmation only. The second, third, fourth confirmations are valuable, but free. This is odd. Another valuable-but-free thing is having other miners build off of blocks that you have found.
I am pretty sure that in the future miners will 'forward' part of their fees to anyone who builds off of their blocks. This will also have the effect of spreading received fees over the multiple confirmations that a transactor wishes to 'buy'.
If there is a clean way to do this (and I think there is) then it will take care of this "commons" problem.
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...Singapore will go out of business 'cause they won't be able to compete.
Lol. I don't even know where to start. |
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I'm an anarchist and I agree with what you wrote so I don't think you have much time left as a non-anarchist.
Those good things the government did, individuals actually did them. The bad stuff, stealing, destroying, lying, was also individuals. As an anarchist all I'm saying is that you don't get a pass when you do bad stuff because you are dressed a certain way or have the approval of a certain process.
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If I understand correctly, the worry is that a government agency with enough computing power can somehow disrupt Bitcoin. Can someone explain how that would work? Would it be by forging a chain of transactions that is longer than the current chain of transactions? At the current block chain length, that would require forging a chain of more than 115k blocks, right? Would this work even if all general users was using the standard bitcoin client?
Thanks!
They wouldn't need to go back to the beginning. They can work from any point they like. One attack would be to just refuse to include any transactions and make sure to stay longer than any other chain. |
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This seems like a great idea to me.
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Agree, not essential. Beneficial for sure though.
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It strikes me that most bounty-by-donation sites have the feature that donation transactions aren't actually processed until the bounty is won, so there's no loss for donating to something that turns out to be a dead-end project. But is there even a practical way to do this with Bitcoin? Edit: Cool website, though! Definitely shouldn't be ignored.  The managing site can just hold them until the project is satisfactorily completed. If you wanted to eliminate even the risk of the site stealing from you there could be a confirmed and unconfirmed bounty. |
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There are some fundamental economic problems with this, and the reasons for doing it.
1.) Making loans of a currency that increases in value over time would effectively necessitate charging negative interest.
If there are no holding costs there will be zero supply of neg rate loans. There will be some people who need coins asap and are willing to pay a little positive rate. Likely there will be some supply of positive rate loans. So the equilibrium/necessary/whatever rate will be positive. |
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And tax is on the list. Hint: it's just a particular type of theft.
Yup, just added it. haha, I meant no need to add, I already see it on the list, it was hiding inside the word 'theft' |
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Is there an organized effort to add translated subtitles to the video? I volunteer myself to do the catalan and spanish translation, but it would make my life much easier if I could get the english subtitles (if they exists).
Here you go: http://rapidshare.com/files/453964245/What_is_Bitcoin.srtNote that the subtitles are ultra-fast, so when you translate: Use the shortest wording possible! I like the speed, but would it make sense to remove the audio and slow it down a little for foreign subs? Would it be easy to release a version with no audio words, only sounds and let people try to re-dub in various languages? I imagine you have sound effects and speech on different tracks, yes? |
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I voted "debasement".
"Theft" is a bit too hard a word, imo.
Inflation is theft only if you hoard cash during long period of time. Very few people do that, precisely because they are aware of inflation.
When someone breaks into a house and takes away stuff it is burglary. If someone breaks into a house where owner have installed better locks and doors and than takes stuff it is still a burglary. Logically, therefore if my first sentence is true, than your assertion is incorrect and we have to conclude that inflation is indeed a form of theft, it is just those how try to protect themselves lose a little less to this theft. I agree. Just because there are steps you can take to stop or reduce theft to your stuff doesn't mean it isn't theft if it happens to others. And tax is on the list. Hint: it's just a particular type of theft. |
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Would it be valuable to have a bank that other banks wouldn't/couldn't deal with? What are you trying to accomplish?
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A generating client must have ready access to all blocks referenced as inputs into all the transactions that it is including into it's block, because it must verify that all of those transactions are valid before working upon the block. Otherwise, if a bad transaction is included into their block, that transaction will invalidate the block and all other nodes will reject it. Which means that said generating client just wasted a great deal of time and energy on trying to get a block. Currently, 'ready' access means that a full local copy of the blockchain is prudent, but there is nothing stopping anyone from using some kind of network file system for their blockchain storage. I/O delays would put such a generating node at a disadvantage. Perhaps someday the blockchain will be split up into a series of files, (perhaps one file per year) allowing the clients to keep the last couple years locally and still have access to the archives on another machine should they need it.
Hmm, this makes me wonder if there could be a point where the generate reward is still large enough, but the chain is bulky enough to make it rational for some miners to not include any tx at all so as not to need the chain. |
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I need to say in this thread that my pledged 100 has been payed. With Justmoon's approval it was used to buy an ad on the Agora I/O unconference page.
I'd like to see the main bounty go to Justmoon's fund, but it probably is appropriate to hold back some for the complete technical explanation. I hope that one is produced by the same people, I love the style.
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