2. What are their capabilities?
Security and cryptanalysis knowledge. Nation-state level resources. Ability to make laws and enforce them.
This is not reality. If government could enforce laws there would be no drugs, no murder, no theft. These things plainly exist. Government cannot enforce law, but only uses it as a pretense to capture adversaries and control those who produce for them. This may be important when considering security. Also there is no monolithic government, but only individuals who are acting in their interests or out of fear. And I would love to see a technical analysis of the bitcoin software. |
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Now there's an illegal idea for ya.
By the way, a side thought: if the "weed industry" were to suddenly embrace bitcoin... What would that do to the value of a bitcoin?
If the average user is having a hard time getting btc's what makes you think a pot head could do it  Better motivation?  |
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...and even illegal ideas float around...
So far... in the US, there are no "illegal ideas". It may be illegal to shout "Fire!" in a crowded theater, etc. But ideas, are still legal here. So far. And, although I don't smoke... Although pot is illegal... It is something that has been proven to be safer than many many legal substances. Thus, the majority of Americans think it should be legal. Also -- like it or not -- it does represent a SIZABLE economy... all its own. Just sayin'... But, I do agree. We should NOT publicly promote these uses. ( They won't need our help anyway. ) I was just musing "aloud" about how someone in that business might make use of Bitcoin... (I'm still not that convinced that it would be better/easier than plain old cash, for most of their purposes.) There is a vanishingly small group of people who think that things should be illegal because they can kill or hurt you. There is no push for making bleach illegal, but a few ounces can kill you. The reason for making pot illegal is so that police and drug dealers will make more money. The reason of safety is a smoke screen given by liars. |
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If not, then someone would leak it.
We can't have this for the community do we? It's more fun to think of Satoshi as the awesome badass hacker with a secret mission to destroy money monopoly rather than just an ordinary hacker who got a really good idea how to destroy money monopoly and decided it would be risky.. hmm.... haha, somehow I never made the connection that we are actually playing with 'monopoly money'. |
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Each claim have a stock of 1000. Foresight Exchange works well with unlimited stock. Whenever there's a matching bid and offer, a new betting pair is created for that claim. Picking an arbitrary number is not necessary. Every amount bet on the YES side needs to be matched with an amount bet on NO. If nobody will take the NO side you can't have 1000 units of yes. But if there are plenty of units of NO you might have 2000 or 10000 or whatever. |
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It's probably quicker and easier to set up an mtgox account and download a miner than to get the client going anyway.
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You all seem to assume that bitcoins will remain legal  I don't think most people here want that. But fine, if a handful of people want to destroy the work Satoshi has started more than 1.5 years ago and hundreds of people here have developed further, even try to make a living from Bitcoins, that's probably unavoidable (as noone can rule anything here behind the decentralization) Yeah, when they call it illegal it'll be over, like drugs, prostitution, murder, and fraud. |
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I wish there were a way to get a Visa card that automatically refills it's value from Bitcoin. Are there refillable Visa gift cards? It would be so amazing. If Mtgox or someone implemented this and it had low fees I would convert most of my cash savings and just spend off of there as needed. |
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How do the generate transaction coins actually work? I mean generally, nothing about pooled mining. Are the coins actually no good yet? Or is the client set to stop them from being used for 120, but that could be circumvented?
What happens if you have pooled generate coins go to mtgox or mybitcoin? When would they be available? Would they be completely invisible for 120 blocks? Or immediately available?
Generations can't be spent for 100 blocks. Transactions that try to spend them before that will be rejected by the network. The client has an additional 20-block safety margin. This limit exists because generation transactions within a smaller chain become invalid when merged into a larger chain. If this limit didn't exist and the network was split for a few hours, hundreds of people could find their transactions invalidated if their transactions use any coins from recent generations. It's impossible to view non-mature generations using stock bitcoind. They will be invisible to MtGox/MyBitcoin until they have matured. Thanks! I think you'd do well if we implemented the "pay for good posts" idea. |
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There has been discussion about exactly that. I don't quite get it in light of this: http://bitcointalk.org/index.php?topic=1411.0a chrome extension, it turns bitcoin addresses on the page into clickable links. The implementation isn't perfect yet, but it works. |
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How do the generate transaction coins actually work? I mean generally, nothing about pooled mining. Are the coins actually no good yet? Or is the client set to stop them from being used for 120, but that could be circumvented?
What happens if you have pooled generate coins go to mtgox or mybitcoin? When would they be available? Would they be completely invisible for 120 blocks? Or immediately available?
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Is rounding maybe a good idea? I don't know when I'll use that extra .00074567. Not important really, but those tiny fractions will be essentially valueless for a long time. I'm curious about the .00000044 payment also, was it just an unlucky miner who logged on just as the block was solved?
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Yeah, I really don't see the advantage of bitcoin over cash for in-person transactions. I think the killer app is somehow micro-payment related.
Haven't you heard about The Bernanke? |
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Why do we all need to use the same one? Won't people use the same one if one is best? I don't get what there is to do here besides let things take their course.
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Not my original work:
My friend's got a girlfriend
Man he hates that bitch
He tells me every day
He says "man I really gotta lose my chick
In the worst kind of way"
She sits on her ass
He works his hands to the bone
To give her money every payday
But she wants more dinero just to stay at home
Well my friend
You gotta say:
"I won't pay, I won't pay ya, no way
Na-na Why don't you get a job"
Say "no way", say "no way ya, no way
Na-na Why don't you get a job"
I guess all his money, well it isn't enough
To keep her bill collectors at bay
I guess all his money, well it isn't enough
Cause that girl's got expensive taste
"I won't pay, I won't pay ya, no way
Na-na Why don't you get a job"
Say "no way", say "no way ya, no way
Na-na Why don't you get a job"
Well I guess it ain't easy doing nothing at all oh yeah
But hey man free rides just don't come along
every day
My friend's got a boyfriend man and she hates that dick (and the guy!)
She tells me every day (woo! everyday now)
He wants more dinero just to stay at home (stay at home!)
Well my friend
You gotta say: (gotta say!)
"I won't pay, I won't pay ya (woo), no way (no way!)
Na-na Why don't you get a job" (woo - get a job!)
Say "no way", say "no way ya, no way
Na-na Why don't you get a job"
(oh yeah!)
"I won't give ya no money
I always pay
Na-na Why don't you get a job" (get a job!)
Say "no way", say "no way ya, no way
Na-na Why don't you get a job!"
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I've played the Foresight Exchange play-money prediction market at ideosphere.com since 1995. It would be great to see a Bitcoin version. The way it works is you create a "claim", which is a prediction that might or might not come true. Normally these have a due date for when they'll be judged. You also name another player as the judge. The claim creator can bet on the claim but the judge can't.
Once the claim is created people can offer to buy "yes" or "no" shares at prices ranging from 0.00 to 1.00, which can be thought of as the probability that the claim will come true. When a pair of yes and no offering prices match, a pair of shares are created and given to the bidders, while their accounts of FX$ play money are decreased.
At the due date the claim is judged. If it is true, owners of YES shares are payed off at FX$1.00 per share, and if false, owners of NO shares receive similar payoffs.
It's pretty impressive that the game has gone on so long. Many of the claims will not come due for decades into the future. I think this game could be a good model for a real money version based on Bitcoin.
Sounds like intrade.com with the addition of user created claims. This is exactly what I want to see. Add the possibility of multiple judges and it sounds perfect. It isn't really possible to forbid judges from betting unless you are going to ID people and background check and worse since you'll need to make sure people's brother in laws don't bet for them by proxy etc... Multiple judges with small penalties for voting in the minority is the best way to go imo. |
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Is there an option or something because I'm seeing an abrupt edge at 18.4 cents and bitcoincharts has bids down below 6 cents. What am I doing wrong?
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They are now using the domain wikileaks.ch Apparently a lot of people are buying joke domains such as wikileeks.co.uk and pointing them to their ip address . Gotta love the web. I cant wait till the new .p2p dns system rolls out and it dawns on the control freaks that maybe they shouldnt have poked the bear. It'll be great. I'd love to watch the tech advisors trying to explain why sites can't be shutdown anymore even though some law was passed saying they can be, lol. |
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