I was having an argument in the speculation sub-forum when someone said "the only way to stop Bitcoin would be to ban the entire internet"... see I often hear that, but being in IT as a profession that statement give me a real hard time, so I thought it is time to discuss it, maybe there is something I am not aware off !!
So if Bitcoin becomes a real threat to governments, and if they agree on banning it and killing it, one way to go would be just changing regulation (FCC) for internet service providers and force them to ban the port that Bitcoin uses (8332 now), this would mean certain death to Bitcoin.
I want to hear your opinion, and how do you think this could be prevented ?
change the port to 80, use SSL. now bitcoin is indistinguishable from any SSL website, good luck banning it. This, or use Tor. What we today understand as the Internet will have to cease existing in order to stop any specific service or protcoll. Youd have to ban encrypted data in general in order to be able to inspect and filter every package. Thats what certain corporate networks do along with restricted hard- and software. my understanding is: using Tor means connecting to a service that is blocked in your country through a node where that content is allowed, but if you block it on ISP level no one will be able to connect to that service (bitcoin). |
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I was having an argument in the speculation sub-forum when someone said "the only way to stop Bitcoin would be to ban the entire internet"... see I often hear that, but being in IT as a profession that statement give me a real hard time, so I thought it is time to discuss it, maybe there is something I am not aware off !!
So if Bitcoin becomes a real threat to governments, and if they agree on banning it and killing it, one way to go would be just changing regulation (FCC) for internet service providers and force them to ban the port that Bitcoin uses (8332 now), this would mean certain death to Bitcoin.
I want to hear your opinion, and how do you think this could be prevented ?
change the port to 80, use SSL. now bitcoin is indistinguishable from any SSL website, good luck banning it. yes, changing to port 80 would solve this, but this also means that Bitcoin and a webserver cant run at the same server. |
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but even if you use a proxy, we are talking about blocking it at ISP level. |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems. blocked... and full node!!! I will assume that you don't know what you are talking about. No, I just couldn't be arsed typing 'Satoshi client'. As you say, not a full node with 8332 blocked so no benefit to the network but 8 connections and no issues whatsoever. Blocked at ISP level for about a year before I got around to asking them to unblock it. you know what blocked means right ? when I say blocked, it means like when the 8332 is blocked by your computer's firewall and you need to add it to the trusted list in order to allow bitcoin daemon to connect. Maybe try reading, my ISP blocks all unusual ports to protect users from their own stupidity, it was allowed on my firewall. Iirc the Satoshi client switches to port 80 when that happens and there are plenty of nodes available on 80 (and any other common port for that matter). EDIT: ...
Isn't this just a fud discussion? Why is it being discussed on the price tracking thread?
More a fud control discussion, its the main reason I watch this thread (and if I see "Satoshis coins are moving!" one more fscking time I'll scream). I didn't know that Satoshi client could do that, I thought the only time Satoshi client used port 80 is for the external IP discovery ( 91.198.22.70 which is checkip.dyndns.org), can you please point where I cant find this information it in the wiki ? in fact I will try blocking the port my self and see how things will work! |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems. blocked... and full node!!! I will assume that you don't know what you are talking about. No, I just couldn't be arsed typing 'Satoshi client'. As you say, not a full node with 8332 blocked so no benefit to the network but 8 connections and no issues whatsoever. Blocked at ISP level for about a year before I got around to asking them to unblock it. you know what blocked means right ? when I say blocked, it means like when the 8332 is blocked by your computer's firewall and you need to add it to the trusted list in order to allow bitcoin daemon to connect. |
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I was having an argument in the speculation sub-forum when someone said "the only way to stop Bitcoin would be to ban the entire internet"... see I often hear that, but being in IT as a profession that statement give me a real hard time, so I thought it is time to discuss it, maybe there is something I am not aware off !!
So if Bitcoin becomes a real threat to governments, and if they agree on banning it and killing it, one way to go would be just changing regulation (FCC) for internet service providers and force them to ban the port that Bitcoin uses (8333 now), this would mean certain death to Bitcoin.
I want to hear your opinion, and how do you think this could be prevented ?
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Well if Bitcoin anytime would become a real threat (e.g. to the USA) , we would possibly have seen 5-6 digits USD/BTC before.  yes, I just don't like the argument of "you cant kill Bitcoin without killing the internet"... usually its the voice of cultists, someone told them that, so they tell everyone that without verifying the information. |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems. blocked... and full node!!! I will assume that you don't know what you are talking about. You can buy a static IP and have the port open on your host. Edit: where will you buy it from? what part of force ISP don't you understand ? I think you don't understand what this would require either. if killing Bitcoin is required ( if Bitcoin becomes a threat) it will be achieved, everything is possible when there is a will. |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems. blocked... and full node!!! I will assume that you don't know what you are talking about. You can buy a static IP and have the port open on your host. Edit: where will you buy it from? what part of force ISP don't you understand ? 1. Nodes using tor that wouldn't be affected. 2. Easy to change ports in the conf file. 1- nodes that use tor are connected to the internet through ISP that eventually block the port. 2- changing the port (I have to check if this is possible though) in your config and everyone's config will result to a dead network, got it ? think about it |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems. blocked... and full node!!! I will assume that you don't know what you are talking about. You can buy a static IP and have the port open on your host. Edit: where will you buy it from? what part of force ISP don't you understand ? |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
It won't be that easy. Bitcoin works fine on other ports. All that is needed is one node that has a connection to both a node on port 8332 and another port for the forks to merge. really!! and what do you think will happen if one node is connected to two forks ? let me break that down for you (Bitcoin 101) the client will always pickup the longer chain (this is how you 51% attack the network anyway)  |
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Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.
Sure about that? I ran a full node with port 8332 blocked for about a year with no problems. blocked... and full node!!! I will assume that you don't know what you are talking about. |
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Im really amazed that few people are trying to sell their $300 coins for a quick buck. The stability at $330 is pretty damned impressive.
Anyone have some nice lines on a chart that might show when a breakout is due?
Fucking retard, btw was going downhill , some guy sold 30k coins , now the market is a bit confused but we will go down much more because everyone is getting out of bitcoin. Its the truth. If "everyone" was getting out of bitcoin as you say the price would be a lot lower than $330! For those of us that have been around a little longer than a week or two there were similar comments when the price hit $60 last Summer. Bitcoin is doing very well. The price will swing the other way fairly soon here I believe. I wil printscreen this post and I will pm it to you when USA BANS BITCOIN. If we can survive "China bans Bitcoin" and "Russia bans Bitcoin" we could even survive "USA bans Bitcoin." The thing about Bitcoin is that banning it really cannot stop it. Sure it can slow it down, but the only way to stop Bitcoin would be to ban the entire internet. Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it. |
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at various points in history, all of the above were once true.
"Nobody" wanting BTC right now does not mean nobody ever will.
Goods being priced in dollars now does not mean they always will be.
All bear posts state only one possible outcome, instead of accepting that the future is uncertain. My position in BTC absolutely re-enforces the fact that I don't assume its going to the moon, it assumes failure and insures me *just in case* it goes to the moon.
OK now I understand what you meant with the car/tv/telephone/computer.... the difference is that these things didn't exist, we were introduced to new things that has really changed the way we do thing, but bitcoin was introduced to replace something that we already have ( maybe broken)...well I agree that Bitcoin is more than a currency, but people already rely on their official currency, and currently Bitcoin is used mostly as an asset and is way far from being a currency, even if it would be used as a currency I don't see it dominating the world, because usually changing a currency require way more than mathematics and hashpower. Take the Euro as an example, countries went from their currency to euro over night but preparation took years to enforce, and even after that, people took years to get use to it and kept converting value of things to their old currency, now when we say the world currency...just imagine that, one thing that I know for sure: "people agreed to not agree" . |
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bullshit
think forward MyLambchop. price will snap up to catch up. yea it will catch up.... soon™ |
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I come back to these forums every few months just to look.
Always the same angry losers that lost money due to their own incompetence and impatience.
..and the same paid troll outsourcers in Pakistan and India spamming their nonsense.
I'm sorry, MatTheCat and others like him. But if you buy into ANYTHING anticipating a 1000% return and didn't consider that you could potentially lose 50% or more over the short term, I don't know what to tell you. You have no business investing at all. You might as well be in a casino. Casinos exist for people like you.
Apparently I'm a "bulltard", "cultist" and "bagholder". I'll keep doing what I do, which is to acquire as many BTC as possible through arbitrage and Bitcoin related businesses.
You guys keep doing what you do: Being angry and bitter because you didn't get rich overnight with your 1 BTC investment.
I'll be back in a few months. Enjoy the ride, everyone.
You got it wrong, this market IS the casino, if you think bitcoin is investing, you're delusional. And you have your priorities all mixed up, the goal is to acquire the most fiat possible, not btc. Would you rather have 10 000 btc worth $5, or 5 btc worth $10 000? Would you rather have 5$ in fiat or btc in a world where a house cost 5$ or 10000 $ in fiat or btc in a world where a house cost 20 000$? this market is the casino as much as anything else, even wages... you just change the odds and possible outcome. True, but all goods, services, your wage and taxes are priced in fiat, if you don't express btc in fiat you don't even know what your purchasing power is. What is the purchasing power of 1 btc? Oh right, you need fiat number even to comprehend the meaning of 1 btc. Your analogies are trivial and unrelated to my point in lame attempt to somehow justify the bitcoin. Yeah but nobody has a car/tv/telephone/computer... I really never understand you replies !!! |
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last year we had a 2-3 months of trading between $90-120, it was then when I decided to invest more, it was clear (or felt) to me that something was developing, I didn't expect 1000 but I was thinking about 400. We could go from 330 to 430 but then we could fall back to 280 and so on... the average price of that week and the weeks ahead are not that far, by looking at the 1w chart(long term) even when the price is volatile a normal sane investor could catch that bottom average price, but an investor that panic each time could lose everything. look at the 1w chart, regardless of the pumps and dumps and guys yelling about reversal and whatnot... it is still damn accurate and clear about the last bubble not totally bursting, I sold between 580-630 and I kept holding my fiat (till yesterday I bought at 300 and sold at 318) just by looking to that chart every week, even when there is an action I wait till that week candle close and wait for the next one to see how it will perform, and till now it still showing a bearish market. 1w chart ( from septemebr 2011- October 2014)  I might be wrong, and this market could react totally the contrary of my understanding, but I am willing to give it a try  Alright, I see your point now. What you mean is, there was plenty of time to get in "relatively cheap" before the next bubble started. I agree with that. But I hope you understand my point as well: From the perspective of the absolute bottom, that 90-120 USD range was already 2 to 2.5 times higher than the bottom. In that sense, not really the cheapest coins anymore. But, "cheap enough", if you want to get in before the next rally, which is what you mean I suppose. EDIT: to make it more "graphic", let's assume $280 was in fact the bottom this time (I'm not saying it necessarily is, but that's not the point in this argument). Then we could hover in the $400, $500, $600 range for a while before the next rally, applying the same factor as in 2013. I don't know about you, but buying in at $500, when I could have bought in at $300, seems okay to me, but not really ideal either. I understood your point, and BTW only a lucky bastard can catch that "real" bottom, because usually it doesn't hold for long.... I think we are still far from bottom... it wouldn't matter that much for me if I am wrong anyway, because I am not going to invest more than $4200... I will invest it only when there is a real clear reversal and I dont mind missing a 10-30% just to be sure, because waiting for that real bottom and figuring out how many more Bitcoins you could buy for the same money is priceless. |
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There will be no bubble until venture capitalists stop funding unnecessary startups and instead send their fiat directly to exchanges.
you might be the first person i ignore just because you're so desperately trying to scam people into buying ripple someone that doesn't like Bitcoin could say the same: "you might be the first person i ignore just because you're so desperately trying to scam people into buying Bitcoin" I don't visit ripple forums, nor do i post about it on fb, or tell anyone they should invest only my mother and girlfriend know i even own a lot of bitcoins. I talked my sister out of investing @ $600 because i wouldn't be held responsible if she lost anything. so tell me, who do i try to convince to invest? he only ever comes here to post stupid shit about ripple I would like to remind you that we talk about everything in this thread this is why most of us visit it... sure it becomes unreadable sometimes and other times it get out of subject for pages but it keep us all informed about what is going on around.... and just to clarify, I am not invested into ripple. |
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There will be no bubble until venture capitalists stop funding unnecessary startups and instead send their fiat directly to exchanges.
you might be the first person i ignore just because you're so desperately trying to scam people into buying ripple someone that doesn't like Bitcoin could say the same: "you might be the first person i ignore just because you're so desperately trying to scam people into buying Bitcoin" |
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I wish I had an example like this about Bitcoin:  |
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