One single coin to rule them all is a catastrophe waiting to happen. Can you imagine the complete and utter disaster that would occur if the entire world only used the metric system? |
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Yes, well said. We need to stress the distinction between trust of the ledger system and trust of the counterparty (and then point out that bitcoin is fundamentally different as it has no counterparty [or perhaps the counterparty is the ledger system itself]). I agree. Justus, I see you're giving a talk via telepresence in Vancouver on Thursday. What will you be speaking about? I'm not sure the format has been decided yet. |
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for those assets, what are the advantages of decentralization? other than the one-offs we hear from Patrick Byrnes enabled by unsound money, when have you had stocks, bonds, or insurance contracts reneged upon? If you want to turn those kinds of contracts into bearer instruments, representing them as tokens on a blockchain improves the ability to transact in those bearer instruments. Many people have a problem conceptually separating the need to trust a counterparty to fulfill a contract, and the need to trust a ledger system to accurately record ownership information. It's possible to make the latter arbitrarily small, but there's no technological solution to the former as it's inherent to the problem space. |
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The financial parasites and the charlatans who serve them are getting desperate.
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Nonsense, there are infinite perspectives.
Over the past 24 hours bitcoin has proven a better investment than fiat.
We can both pick any part of the fractal to agree with our own stance.
Fiat is a faith based money, anyone with half a brain knows fiat is not tenable in the long term. It's issuance is controlled by a few families who are FAR richer than us, their wealth wasn't accrued through labor.
You should study some history rather than browsing my little pony sites.
Over the past year, holding Bitcoin has provided a 0% risk of being confiscated via negative interest rates. http://www.zerohedge.com/news/2014-11-29/financial-terrorists-road-krugman-and-rogoff-peddling-toxic-adviceThe increase in purchasing power of fiat relative to Bitcoin over the last year has correspond with an increased amount of risk. Whether or not that makes Bitcoin or fiat a "better" investment depends on one's preferences. |
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I see you understand. Thankfully you understand all too well that the main point of all of this is that by suggesting a more civil tone towards any potential woman who may frequent this forum, it is you who are the victim. I just hope every woman who reads our little discussion understands that they should either post pictures of themselves in bikinis in the forum or pretend to be a guy, so that your fragile manhood stays intact. I have a difficult time reconciling your apparent strong concern for civility and avoiding offense with your choice of name. |
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Each one of the next few hours are the duration of 33093474372000 periods of the radiation corresponding to the transition between the two hyperfine levels of the ground state of the caesium 133 atom
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Says the guy who wants to change the source to increase block size. The source code has already been changed - to add in the 1 MB block size limit. We were promised it was temporary. |
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i understand what you guys want to do, ie, mathematically enforce all contracts and financial dealings so that force from gvts is unnecessary or even obsoleted. it's a laudable goal and very understandable. That's not actually what cryptoanarchism is about. The violence which cryptography is supposed to protect people from is the violence initiated by governments. It's about making anonymous trade possible and safe, so that no third party can rain down retribution upon consensual trade for which they are not involved but disapprove, or for which they demand to be paid tribute for the privilege of not being assaulted. |
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If there is mass acceptance, dumps won't be necessary. He won't need fiat. A lot of people don't seem to understand that if Bitcoin is successful it will be the money - currency trading as an industry and occupation won't exist any more because there won't be other currencies to exchange. |
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If you could all hodl the price below 350 until payday at the end of the month, that'd be great. Seconded |
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Balances are stored on the blockchain, not in wallets.
There is no way to measure a balance other than looking at the blockchain.
In theory, you could transfer a subset of the blockchain to an offline machine, but it could never validate that information or know if it is still current.
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If this is what "non idiot traders/sellers" or "holders" look like, then what do idiot traders that he constantly whines about look like?  snipped
Hint: He hates himself. Why do you quote ShroomsKit so much? Do you know whose sockpuppet he is? |
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The bitcoin chart looks exactly the same... Re-check the axis on that graph. |
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If it were possible to achieve ASIC resistance, it would hurt the security model for Bitcoin rather than helping it.
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I do not want to rely on a separate process. I want my daemon to be self reliant. You should have mentioned up front that intentionally getting hax0red was part of the design requirements. |
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When they say "you can't separate" the two, that's absolutely not in reference to sidechains or other similar schemes. In this paper, we argue that it is possible to simultaneously achieve these seemingly contradictory goals. The core observation is that
“Bitcoin” the blockchain is conceptually independent from “bitcoin” the asset |
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Generate keys offline, put them in database table, check using an api, then you don't have worry about sweeping them.
Can't be any easier.
I think he wants to check without relying on an api to some third party service. He want to validate the balances on his own by parsing the blockchain. All the decent full node implementations have a good API that you can use locally. API does not imply a third party service. |
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