Bitcoin Forum
May 26, 2024, 01:38:49 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [29] 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 »
561  Economy / Economics / Re: The one law that would bring peace during an Economic Collapse on: July 10, 2014, 10:13:15 PM
Bring back property rights. Pass a law limiting the amount of homes you can own down to one house per person.

This is the antithesis of property rights.

There are many legit reasons for a person to need to own more then one home; successful children buy a home for their parents and their children, owning rental properties that allow other families to rent and live in that cannot afford to purchase a house, just to name a few.

Property rights would be the protection of property that is owned, and limiting the number of houses that one can own would restrict what people can use their money (property) to purchase.
562  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: July 10, 2014, 10:10:09 PM
Since we're both very excited about this, and to restrain our words from moving too far from the point, I think we should address one issue at a time.

I will start with a definition of inflation that I agree with:

in·fla·tion  
Noun
  • The action of inflating something or the condition of being inflated (This is the definition not related to economics)
  • A general increase in prices and fall in the purchasing value of money (This definition is related to economics)

My interpretation from the above definition related to economics:

1. Price Inflation refers to the "general increase in prices" part of that definition
2. Money Supply Inflation refers to the "fall in the purchasing value of money" part of that definition

Therefore, I can not agree that inflation "means the same thing as increase", as it conflicts with the "fall in the purchasing value of money" part of that definition.

Note: this is not an argument of what the "general increase in prices" or "fall in the purchasing value of money" means. We can get to that once your interpretation of the word inflation is understood.
1 and 2 are really just two different ways of looking at it. When prices generally rise the $100 that you have in your wallet can now buy less goods.
563  Economy / Economics / Re: "No reason for dollar to be world's reserve currency" on: July 10, 2014, 04:43:07 PM
The days of the dollar as reserve currency are counted. The US are weakened by the ongoing economic depression, excessive military spending and catastrophic foreign policy.

Reserve currencies before the dollar had backing by precious metals in addition to the economic and military dominance of the issueing nation. The USD is not backed by gold (anymore), it's solely dependent on its continued use as a trade currency. Now that the US loose influence and countries showing tendencies to use other currencies for trade, the demise of the reserve status of the USD will occur very fast.
The military spending is something that gives the dollar it's strength.

If a country is invaded/defeated in war then their currency would likely no longer be used. Since the US has military might there is a very low chance that our country could be taken over by some other country's military.
564  Economy / Economics / Re: Low Bitcoin Transaction Fees Unsustainable on: July 10, 2014, 04:39:04 PM
Over time as the number of transactions increases as bitcoin become more widely adopted the amount of TX fees per block will increase, while the TX fee per transaction will likely stay the same or decline.
565  Bitcoin / Bitcoin Discussion / Re: Blockchain as login system on: July 10, 2014, 04:37:42 PM
...meaning although the bitcoin address is used like the password.. the bitcoin address is never actually typed in by the user to log in after registering.. only a signed message is pasted in as the password, which always changes and is also kind of a 2FA all in one because it is encrypted by the privkey, thus it cant be guessed and shows some user ownership verification, all in one.

its not using the blockchain to login as thats costing people money.. but its using bitcoins "message signing" feature, which is free and faster then sending coin

This sounds pretty cool, has anyone produced a working demo yet?

bitcoin-OTC

you can register your identity with a bitcoin address.. and you can verify your identity using a signed message it gives you... its not a website login, but the same rules apply.

http://wiki.bitcoin-otc.com/wiki/Bitcoin_address_authentication

Another example would be if you are changing your ad on A-ads.
This is really a great example as all the information that is collected is your address to send payment to and the website that the ads will be placed on.
566  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Addresses Need to Go on: July 10, 2014, 04:36:33 PM
Coinbase is doing this with email addresses.
There is firstbits. https://en.bitcoin.it/wiki/Firstbits.
You can send a QR code.

I dont mind the long addresses.
The long addresses is one thing that makes bitcoin secure as it give a large number of possible addresses, making it difficult (really impossible) to find a private key of someone else via brute force.
567  Bitcoin / Bitcoin Discussion / Re: It Takes 14 Million Android Phones to Earn One Bitcoin on: July 10, 2014, 04:33:58 PM
Now that's just plain and simple stupid. Mobile mining....
Mobile devices are really not designed to be making these large amounts of calculations that are necessary to mine SHA-256 coins. They are designed to do a more wide array of things.
568  Bitcoin / Bitcoin Discussion / Re: Block with only 1 transaction on: July 10, 2014, 04:32:48 PM
The one TX is only the block subsidy for the miner. There was not actually any TX included in the block.

Miners are not required to include any TX in their blocks, but have an incentive to do so as they get TX fees.
569  Bitcoin / Bitcoin Discussion / Re: Judge Shoots Down ‘Bitcoin Isn’t Money’ Argument in Silk Road Trial on: July 10, 2014, 04:31:32 PM
This is really not a surprise as the Ulbright team made a very weak argument in reference to the money laundering charge.

I think the other charges are questionable since AFAIK he did not actually sell any of the drugs, but rather ran the website. I think the charges are similar to bringing charges against this forums mods for scams done by other users.

With that being said the muder for hire accusations are very troubling and I am very curious as to why he was not charged with these crimes, even though the murders were apparently not carried out (he could be charged with solicitation of trying to hire a hitman, or whatever the appropriate name of the charge would be). 
570  Bitcoin / Bitcoin Discussion / Re: I have officially made it into the 100 Bitcoin club on: July 10, 2014, 04:27:40 PM
Your final balance doesn't look too grand though lol. And you could've just sent 1 bitcoin backwards and forwards to get that amount transacted  Cheesy.
I'm not exactly building up much BTC, but 1-3 BTC goes through my wallet on a daily basis for selling purposes.
Well there was a long time when 100 BTC was a very small amount to have as the price was very low. I would personally think that your actual balance would be a much better indicator
571  Bitcoin / Bitcoin Discussion / Re: Should The Bitcoin Foundation be renamed as The Realcoin Foundation ? on: July 10, 2014, 04:25:44 PM
Sorry for being the idiot here, but I don't get it. You aren't referring to the "RealCoin" altcoin are you? Is this some pun I'm not getting? I understand that the foundation has not been transparent and a lot of well-respected members of dropped, but I don't get this thread. :/

The Bitcoin Foundation board member Brock Pierce is rolling out RealCoin... an Alt coin. What can be worse for The Bitcoin Foundation to question its credibility ? Its' own board members dont have trust in Bitcoin !!!
This is just ridiculous, most alt coins are made so their founders can get rich by mining early and then promoting the coin to others. So a member of the board is trying to profit off of an alt coin......SMH
572  Economy / Trading Discussion / Re: How to convert PayPal to Bitcoin on: July 10, 2014, 05:27:09 AM
I don't think many/any sellers on LBC will accept paypal. There are just too many ways to get scammed.
573  Economy / Trading Discussion / Re: Betting Against LTC or BTC on: July 10, 2014, 04:22:54 AM
If you think for example that BTC is going to fall against LTC then you could sell your BTC for LTC, then do the reverse when you think the trend is going to be reversed.

If you think that BTC is going to fall in terms of fiat, you could take out a swap at an exchange that allows margin trading, essentially borrower BTC to "sell it short"
574  Other / Meta / Re: Suggestion: Alternative Account Recovery Way on: July 10, 2014, 04:16:45 AM
Can there be an alternative in place, where an address will be provided to the user and and an arbitrary small amount, say 0.00012345 BTC will be required to send to that address from one of the user's previously posted addresses for account recovery ?

How would sending money somewhere prove that you are the rightfull owner of that account?

If you send "from" an address, you prove that you have the privkey. It's more or less the same as signing a message.

Not necessarily. There are lots of ways to get people to send BTC to an address, owning the sending address is only one of several possible scenarios that could have that result. Bitcoins being sent from an address doesn't prove you own it.

The scenario I'm talking about has the following parameters...

i. From address (which user has posted before in the forum)

ii. To address (which Theymos or any other Global Mods may provide)

iii. The amount (which Theymos or any other Global Mods will provide)

How come all these be satisfied by someone who does not own the address ?

p.s. Even if the attacker changes all pre-posted addresses, we can verify user's actual posted address from either Bitcointa.lk or Google cache or archive.org/web/

In this situation, an attacker could enter in some kind of trade with a potential victim, the attacker would get the victim to send the amount of bitcoin in step "iii" above to the address in step "ii" above and send the difference to an address that the attacker controls. Remember that transactions can have multiple outputs, and although this would be an unusual request, it would still be plausible for a victim to do.
575  Other / Meta / Re: From Jr. Member to Member on: July 10, 2014, 04:11:34 AM
If I remember correctly, the score changes at 9:00 UTC, so it might take a while, depending on your timezone.
IIRC your activity will actually change a little less then every two weeks, it is something like every two weeks plus ~an hour or so, and as a result you would lose ~1 activity "upgrade" per year.
576  Other / Meta / Re: Accuracy down to 98% on: July 10, 2014, 04:08:55 AM
Is it a problem if a user has a bad "report to mod" accuracy rate? I personally don't see an issue with this as long as the user is not going crazy (making, say 100's or other large amount of) reports that are clearly invalid, especially considering that it is not always obvious if something if against the rules, and some level of judgment needs to be used.
577  Other / Meta / Re: Politic forum moderation on: July 10, 2014, 04:02:31 AM
This section interest me, but we don't need 10 thread about the same subject. Would be better with one thread for one subject, like in any section... I don't propose something strange, just basic forum moderation...
Wel is like saying to put USA topic in usa thread but have no subforums, that dont make sense buddy
I agree, most of the ukrane related topics are somewhat different from each other and they are pretty much all in the politics & society section, away from most of the bitcoin related discussion
578  Other / Politics & Society / Re: U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia on: July 10, 2014, 03:01:34 AM
Why does America keep invading oil rich countries if they can produce their own?

1 - To control other's people source of oil. This will give them power.

2 - Because some of these oil countries wanted to use euro as reserve and commerce coin, not dollar.

Oil is a strategic resource. The country who controlled it control international commerce.
Exactly, our standard of living in the US, requires us to consume a lot of energy, specifically energy from oil (diving cars and flying planes both, for all intensive purposes only run on energy sources from oil). Our military is also primary run on oil with a few exceptions. 
579  Other / Politics & Society / Re: Is the US press really that free? on: July 10, 2014, 02:59:09 AM
I am from Russia. I really still a free press in America or not. I see that in spite of the enormous natural wealth for ordinary people we live in poverty. This is because of the terrible corruption and oligarchy. And in America, if a lot of work actually higher standard of living.

Don't worry, the career politicians in the US seem to be hellbent on creating the very same corrupt oligarchy in this country.  Get the simple people to squabble with each other over topics like gay marriage while they enslave the populace though a lifetime of debt.
Most politicians at least claim to support the middle class in that they either want to give the middle class other people's money or want to create more opportunities for them.
580  Other / Politics & Society / Re: Make more than $32k? You are a one percenter on: July 10, 2014, 02:57:09 AM
$32,000 a year isnt much in the u.s.

Although this has opened my eyes a bit, since u.s lives in a bubble.

that all depends on the cost of living though. $32k in ohio is enough to live decently well.
32k in most places of the US can allow you to live a decent standard of living, this is especially true if you do not have a family as you can split family related costs such as housing (with roommates), and transportation (with carpooling) as well as the fact that you don't need to support others.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [29] 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!