If there is a 51% attack (and I don't think there will be) there will be no warning. The attack chain will be built in private and contain thousands of double spends across hundreds of individuals. It will be published and instantly replace main chain creating economic chaos, plummeting bitcoin values. If done right the attack will come right after difficulty adjustment so say BTC declines 90% in value. It is now massively unprofitable to mine so miners quit this pushes the 2 week adjustment window out to 4 weeks, 6 weeks, 8 weeks or more. Plenty of time to double spend the network into oblivion.
The idea that people will not only run their rigs as massive loss but also buy and deploy new rigs is naive. It is like saying recessions won't happen because everyone will do the right thing, dip into savings and increase aggregate spending 3%-5% preventing the recession and resulting layoffs.
The latter scenario will never happen because recessions are caused by the cores of the system in the first place: Controlled money supplies. It's not naive to think the people will act when the people have direct control of the system. No, The Federal Reserve is not the will of the people. |
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Because when the market is crashing, you should invest into mining hardware!
+1 Care. That is something you do when you have positive cash flow. Don't you realize there is a tragedy of the commons problem here? Nope because people want to continue to own Bitcoin. http://www.youtube.com/watch?v=MLirNeu-A8I |
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Because when the market is crashing, you should invest into mining hardware!
People are doing that right now. |
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Let's say we see an entity taking over the network. Adrenaline starts to pump into the veins of the larger Bitcoin stakeholders. They go into a primal fight-or-flight response. The non-dedicated stakeholders sell. What do the dedicated do? They buy mining hardware and restore balance back to the network.
If people care about the network, it's safe -- and people do care. There's enough Bitcoin capital floating around to save the network in case of crisis.
Thoughts?
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If this is real, I expect people to start buying computer hardware in masse to stop the Illuminati/Templars/Etc. from taking over Bitcoin.
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Aqua teen hunger force?  No, Jesse Kang's Pleasure Palace. |
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It was a late sunday afternoon on the French Antilles. Satoshi Nakamoto, me and some of the boys were having Martinis in a cosy beach side cafe named "The lazy Shepherd", giving each other cues on how to improve our speed seduction pickup skills with the island population. However, we were all so ridiculously bad at this we made ourselves cringe with tears until some guy proposed the introduction of a commodity-based tipping system that would encourage us to improve our performance. One of us suggested Martinis, but we were so pissed already, the game wouldn't have lasted long. Another one said "Shells!", but we couldn't be fucked to go around the beach looking for shells. We were lost. Then Satoshi gave a loud sigh from under his straw hat, stood up, squeezed his HP Mini under his armpit and, before heading for the restrooms, groaned: "BRB."
As night slowly crept down upon us we realized we could see a flickering light on the beach off in the distance. While walking toward the light, Sato said softly and almost to himself, “It’s a campfire, what are those girls doing?” As we approached the campfire we saw three beautiful blonds dressed in the smallest bikini’s I have ever seen. One of them was holding something. I think it was a………… A bitcoin! Of course. A magical bitcoin, at that, for we all know that blondes are not indigenous on the French Antilles. Sato took the coin that was handed to him, whereupon he immediately transformed into... …Matt Damon. A rush came over him and he felt instantly stupid and seemed compelled to jump out of windows while yelling Barack Obama has no balls. Using his mathematical and coding powers, he fought against the magic spell until he finally passed out on the beach. He awoke to find a …….. Red haired mermaid that could not speak. she showed our brave protagonist a diagram of SHA-256 and he... ...formed the Bitcoin client that we know today. He forged several million coins for his personal retirement and handed the project over to Gavin Andresen. Gavin told Satoshi... "But wise and exalted Satoshi Damon, What shall we do with this bounty of code you have bequeathed unto us"? I know a good developer named Luke who can... …., use it to attack all competitors alt coins but what will you do now.” Sato said, “…… "Gavin replied, with a resolute tone in his voice and demeanor, " Sato, I will go out and do good things with what you have given me. I will free the people from their fiat misery. I will spread your word, Satoshi San. Where can I find you if I eve need... Satoshi grinned and touched Gavin's chest. He whispered, "Right here..." He calmly slid his arm from his chest and slowly faded into the ocean's mist. A single glistening tear drifted down Gavin's right cheek... ...as he pondered the potential of the great gift that was bestowed upon him. All of the sudden a Goat trotted up to him and began licking his balls. He slapped it away saying..... "I have grown, but there is still much to be done. Many live in the darkness that must be shown the way. For it is the dawning of a new day." He pulled out his revolver and shot the goat. Days later he headed to the Pentagon to meet with his CIA operatives and committee. The committee that sat before him were the world's most powerful. The trust fund managers of the Rockefeller and Rothschild families. A representative from the Bill and Melinda Gates Foundation.The Goldman Sachs CEO and a shadowy figure that sat in the far corner and constantly typed into his HP Mini. They were all impressed with the Bitcoin currency and wanted their voices to be heard. They formed the BIP 16 and 17 initiatives... Meanwhile, two guys fresh back from holiday in Pattaya, announced an expo to the Bitcoin community, programming great things are in stored for Bitcoin, and major announcements will be made at the expo, but... ...Rassah's coffee table was put up for auction causing an influx of fur-obsessed users to purchase the currency. The Bitcoin community was soon flooded with... |
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Atlas, you are a spoiled brat..
Saying that stuff out loud is nothing to be proud of.
People do not grow up until they find themselves working for a living, not sponging off their parents stupidity/love
Work is just doing something that is valued. I am doing just that. Sweat may or may not be a byproduct. In the end, all that matters is if people desire it or not. Have to agree with that. Some people manage to live their entire life without working for another person (and also without living off the government or anyone else). Like he has ever worked a real days wage in his life, he has no idea the worth of work, because he has all he needs supplied to him by whatever means, parents, gov. ect. He "works" for extra play money at the arcade that mommy wont supply him Atlas.. There will be a day when you look back at the constant spoiled rotten, Im better than everyone attitude you spew, and be utterly ashamed of how young, immature, spoiled brat you are/were. You have so much growing up to do, you will find yourself in public spewing your so called knowledge, and someone will literally beat the shit out of you for hearing the insulting thoughts of yours. Until then, you will never grow up, it will take a shit kicking for you to realize how pompous you are. Heh. I have never thought I'm better than anyone. I am just content. Anyways, I'm off to go squirrel hunting. |
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It was a late sunday afternoon on the French Antilles. Satoshi Nakamoto, me and some of the boys were having Martinis in a cosy beach side cafe named "The lazy Shepherd", giving each other cues on how to improve our speed seduction pickup skills with the island population. However, we were all so ridiculously bad at this we made ourselves cringe with tears until some guy proposed the introduction of a commodity-based tipping system that would encourage us to improve our performance. One of us suggested Martinis, but we were so pissed already, the game wouldn't have lasted long. Another one said "Shells!", but we couldn't be fucked to go around the beach looking for shells. We were lost. Then Satoshi gave a loud sigh from under his straw hat, stood up, squeezed his HP Mini under his armpit and, before heading for the restrooms, groaned: "BRB."
As night slowly crept down upon us we realized we could see a flickering light on the beach off in the distance. While walking toward the light, Sato said softly and almost to himself, “It’s a campfire, what are those girls doing?” As we approached the campfire we saw three beautiful blonds dressed in the smallest bikini’s I have ever seen. One of them was holding something. I think it was a………… A bitcoin! Of course. A magical bitcoin, at that, for we all know that blondes are not indigenous on the French Antilles. Sato took the coin that was handed to him, whereupon he immediately transformed into... …Matt Damon. A rush came over him and he felt instantly stupid and seemed compelled to jump out of windows while yelling Barack Obama has no balls. Using his mathematical and coding powers, he fought against the magic spell until he finally passed out on the beach. He awoke to find a …….. Red haired mermaid that could not speak. she showed our brave protagonist a diagram of SHA-256 and he... ...formed the Bitcoin client that we know today. He forged several million coins for his personal retirement and handed the project over to Gavin Andresen. Gavin told Satoshi... "But wise and exalted Satoshi Damon, What shall we do with this bounty of code you have bequeathed unto us"? I know a good developer named Luke who can... …., use it to attack all competitors alt coins but what will you do now.” Sato said, “…… "Gavin replied, with a resolute tone in his voice and demeanor, " Sato, I will go out and do good things with what you have given me. I will free the people from their fiat misery. I will spread your word, Satoshi San. Where can I find you if I eve need... Satoshi grinned and touched Gavin's chest. He whispered, "Right here..." He calmly slid his arm from his chest and slowly faded into the ocean's mist. A single glistening tear drifted down Gavin's right cheek... ...as he pondered the potential of the great gift that was bestowed upon him. All of the sudden a Goat trotted up to him and began licking his balls. He slapped it away saying..... "I have grown, but there is still much to be done. Many live in the darkness that must be shown the way. For it is the dawning of a new day." He pulled out his revolver and shot the goat. Days later he headed to the Pentagon to meet with his CIA operatives and committee. The committee that sat before him were the world's most powerful. The trust fund managers of the Rockefeller and Rothschild families. A representative from the Bill and Melinda Gates Foundation.The Goldman Sachs CEO and a shadowy figure that sat in the far corner and constantly typed into his HP Mini. They were all impressed with the Bitcoin currency and wanted their voices to be heard. They formed the BIP 16 and 17 initiatives... |
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Atlas, you are a spoiled brat..
Saying that stuff out loud is nothing to be proud of.
People do not grow up until they find themselves working for a living, not sponging off their parents stupidity/love
Work is just doing something that is valued. I am doing just that. Sweat may or may not be a byproduct. In the end, all that matters is if people desire the products of your labor and what they are individually willing to pay. |
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And what makes this $10 bill so special over any other $10 bill?
It's about to be sold for Bitcoins. |
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It was a late sunday afternoon on the French Antilles. Satoshi Nakamoto, me and some of the boys were having Martinis in a cosy beach side cafe named "The lazy Shepherd", giving each other cues on how to improve our speed seduction pickup skills with the island population. However, we were all so ridiculously bad at this we made ourselves cringe with tears until some guy proposed the introduction of a commodity-based tipping system that would encourage us to improve our performance. One of us suggested Martinis, but we were so pissed already, the game wouldn't have lasted long. Another one said "Shells!", but we couldn't be fucked to go around the beach looking for shells. We were lost. Then Satoshi gave a loud sigh from under his straw hat, stood up, squeezed his HP Mini under his armpit and, before heading for the restrooms, groaned: "BRB."
As night slowly crept down upon us we realized we could see a flickering light on the beach off in the distance. While walking toward the light, Sato said softly and almost to himself, “It’s a campfire, what are those girls doing?” As we approached the campfire we saw three beautiful blonds dressed in the smallest bikini’s I have ever seen. One of them was holding something. I think it was a………… A bitcoin! Of course. A magical bitcoin, at that, for we all know that blondes are not indigenous on the French Antilles. Sato took the coin that was handed to him, whereupon he immediately transformed into... …Matt Damon. A rush came over him and he felt instantly stupid and seemed compelled to jump out of windows while yelling Barack Obama has no balls. Using his mathematical and coding powers, he fought against the magic spell until he finally passed out on the beach. He awoke to find a …….. Red haired mermaid that could not speak. she showed our brave protagonist a diagram of SHA-256 and he... ...formed the Bitcoin client that we know today. He forged several million coins for his personal retirement and handed the project over to Gavin Andresen. Gavin told Satoshi... "But wise and exalted Satoshi Damon, What shall we do with this bounty of code you have bequeathed unto us"? I know a good developer named Luke who can... …., use it to attack all competitors alt coins but what will you do now.” Sato said, “…… "Gavin replied, with a resolute tone in his voice and demeanor, " Sato, I will go out and do good things with what you have given me. I will free the people from their fiat misery. I will spread your word, Satoshi San. Where can I find you if I eve need... Satoshi grinned and touched Gavin's chest. He whispered, "Right here..." He calmly slid his arm from his chest and slowly faded into the ocean's mist. A single glistening tear drifted down Gavin's right cheek... |
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 Good news, everyone! I've finally found a venue for this event: the Hilton Palacio del Rio, located directly across the Convention Center in downtown San Antonio on the Riverwalk. We'll be located in the Salon del Rey Ballroom on the Mezzanine level of the hotel. The best part is, they've given me a great rate for the space so the funds I've collected from exhibitors and sponsors already have it covered. In addition, there's room to grow, if necessary. Rooms are already scarce, however. If you plan on attending and have been putting off making a reservation, I suggest you make one now. I'm off to update the site with this information, just wanted to let any of you monitoring this thread know that this will, indeed, be happening. Start advertising this. If anybody needs a ride in the Austin area, PM me. |
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It was a late sunday afternoon on the French Antilles. Satoshi Nakamoto, me and some of the boys were having Martinis in a cosy beach side cafe named "The lazy Shepherd", giving each other cues on how to improve our speed seduction pickup skills with the island population. However, we were all so ridiculously bad at this we made ourselves cringe with tears until some guy proposed the introduction of a commodity-based tipping system that would encourage us to improve our performance. One of us suggested Martinis, but we were so pissed already, the game wouldn't have lasted long. Another one said "Shells!", but we couldn't be fucked to go around the beach looking for shells. We were lost. Then Satoshi gave a loud sigh from under his straw hat, stood up, squeezed his HP Mini under his armpit and, before heading for the restrooms, groaned: "BRB."
As night slowly crept down upon us we realized we could see a flickering light on the beach off in the distance. While walking toward the light, Sato said softly and almost to himself, “It’s a campfire, what are those girls doing?” As we approached the campfire we saw three beautiful blonds dressed in the smallest bikini’s I have ever seen. One of them was holding something. I think it was a………… A bitcoin! Of course. A magical bitcoin, at that, for we all know that blondes are not indigenous on the French Antilles. Sato took the coin that was handed to him, whereupon he immediately transformed into... …Matt Damon. A rush came over him and he felt instantly stupid and seemed compelled to jump out of windows while yelling Barack Obama has no balls. Using his mathematical and coding powers, he fought against the magic spell until he finally passed out on the beach. He awoke to find a …….. Red haired mermaid that could not speak. she showed our brave protagonist a diagram of SHA-256 and he... ...formed the Bitcoin client that we know today. He forged several million coins for his personal retirement and handed the project over to Gavin Andresen. Gavin told Satoshi... |
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Two or more identical perceptions does not entail death of the former. It does not refute the possibility of reincarnation.
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Half way through Birch says creating a digital currency (a centrally controlled one I presume) was simple. I was under the impression that it would require millions of dollars and years of legal wrangling before someone could obtain the proper licenses to run a digital currency. Just think of e-gold.
Is this guy actually the expert that he says he is???
Ignorance is bliss. I encourage him to start his own successful e-currency. Once (and if) it becomes successful, let's see what he has to say about Bitcoin, as his currency gets shut down by the feds. |
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Of course, the highest bid in my inbox wins.
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Send your Bitcoin bids to my PM box. One week from the current date of this post, the winner will be announced.
Postage is separate.
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Bitcoin/Namecoin/DotBIT is a competitor to w3c's/ICANN's DNS  >Namecoin >Competitor to anything Hahaha. |
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Send an email to membership@w3.org about how you want to become a W3C support and/or anonymous donator through a Bitcoin donation. Excuse me. Is your brain as capable of executing orders as much as it is capable of giving them? If your idea is that good, why don't you just send the email? I sent one email representing my potential donation. I am only telling interested parties to do the same by their own accord. |
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