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6101  Economy / Economics / Re: Governments will want their TAX ??? The solution is obvious but scary. on: March 28, 2011, 05:56:41 PM
Especially since 1 properly fueled reactor can last 20 years on the medium scale. Oddly enough, a lot of the "waste" could support mini-reactors for small use.

But who wants a reactor in there back yard providing power to their home.

I would, for no other reason than to limit the 'detrimental reliance' that I have upon the power company, but there are cheaper ways to accomplish this.  A reactor can be built as small as 5000 watts, and made to last for decades.  This is exactly how the continuous mission to Antartica heats and powers it's base camp buildings.  An entire city block can be powered from a reactor site the size of a quarter acre home lot.

I think that the 4S would be a huge boon, but I don't think it's going to happen before the thorium LFTR (Lifter) reactor is built, and during all of the recent news in Japan, the media completely overlooked the news that China has announced that they are going forward with a domestic thorium energy amp reactor design.

The US has fallen way behind, and will continue to do so as long as governments and NIMBY types continue to inhibit progress.
6102  Economy / Economics / Re: Bitcoin Failure is likely on: March 28, 2011, 05:47:30 PM

And the US isn't actually a government or a state anyways, it's a trade federation.  So it's really more like the opposite of a government.  It's an accelerant.

If you had a high school civic teacher, s/he should be fired.

The United States is a Federated Republic, each state chooses it's own structure, but most are either a federated republic directly copied from the federal level, or commonwealth republics.

The US is a far cry from a trade federation.
6103  Bitcoin / Bitcoin Discussion / Re: Remove "generate bitcoins" from standard client? on: March 28, 2011, 03:58:34 AM
So, uh, running away from the philosophical question of alternative blockchains, what if we were to simply have the client do a calculation to estimate how long it'll take a person to generate 50btc on their machine and show that in addition to the hashes per second. That would take care of the "why haven't I gotten any bitcoins yet" posts on the forum.

I'm not a programmer but that doesn't seem that hard. I'm guessing it would be easy to check current difficulty and compare that vs hash speed. I've heard (and agree with) that the simpler the more secure and better it is though. Still if it popped up and said "with your CPU you will generate your first set of coins in 800days do you wish to continue? click here to find out why"

Of course the warning could just put examples or estimates too.
Most people will think that when 800 days elapse they are guaranteed to find a block. This will only lead to frustration. Even if we tell them it's random they'll underestimate its variance. And there's no point in this, CPU mining with a pool is worthless enough, no one in their right mind would want to do it solo.

Well, I do it solo.  So your probably right that no one in their right mind would do it.

Of course, I do it (in part) to heat my study.  And no, I have never solved a block.
6104  Bitcoin / Bitcoin Discussion / Re: Remove "generate bitcoins" from standard client? on: March 27, 2011, 09:35:33 PM
If we remove the CPU miner from bitcoin, then people starting alternative block chains will not have a self-sustaining system.
Wait, what? Alternative block chains?

You didn't think The Chain would be the only one, did you?  Smiley

Competition is practically inevitable in this space.

Well, I figured there would eventually be competitors, but I didn't think they'd have emerged this early. Although, I don't know why I was surprised - it is, as you say, inevitable.

Are there many alternative block chains, and do they call themselves Bitcoin?

The only alternative beyond a theoretical stage is 'testnet', which is almost exactly like the main blockchain except it exists to get hammered.  I believe that you can join the testnet with the regular client by way of a command line switch, but if it isn't -testnet I wouldn't hazard a guess.
6105  Bitcoin / Bitcoin Discussion / Re: The problem with transaction fees on: March 27, 2011, 09:05:52 PM
What about keeping the hard limit, but adding an occasional exemption, say every retarget block can be as large as necessary to clear the backlog. (or ten times as large, or 100 times, whatever)  That way, the longest delay that a cheap/free transaction is a couple weeks, and the clients without much bandwidth only has to deal with an oversized block occasionally and on a predictable schedule.

This way. the near term scarcity that would drive transaction fees in the future would still be present, and donations won't languish to unrealistic terms.
6106  Bitcoin / Bitcoin Discussion / Re: Bitcoin forum getting big, Need Moderators on: March 27, 2011, 08:10:42 PM
I'm willing to volunteer to be the bad cop.
6107  Other / Off-topic / Re: The Bitcoin FTP - Share your media with fellow Bitcoiners! on: March 27, 2011, 08:01:52 PM
You have an impressive ebook library.
6108  Other / Off-topic / Re: The Bitcoin FTP - Share your media with fellow Bitcoiners! on: March 27, 2011, 07:48:21 PM
Appears unreachable to filezilla

It works with other clients. In summary, Filezilla is garbage.

Silly statement, since Filezilla logged onto it in under a second just now, and I didn't so much as reboot Filezilla.
6109  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin subject to a "Hostile TakeOver" ? on: March 27, 2011, 04:03:48 PM

For the largest botnet ever discovered...Just sayin'.

If you think your botnet is up to the challenge, give it a try.

Yes, that is just the largest botnet ever discovered...

BredoLab was over twice the size of Mariposa, in the space of only a year.

Imagine a 60,000,000 strong botnet, one which is also able to harness GPU power... Where will Bitcoin be in a year?

I can't disprove a negative.

I'll just say, give it a try.  See how it works out.
6110  Other / Politics & Society / Re: "Anarchists" rioting in London on: March 27, 2011, 04:00:19 PM
Not sure if this is being discussed yet, but just posting my thoughts on the 'anarchist' label and how I think most people would associate it with the chaotic bullshit they see happening in London today.


The European 'anarchists' are not in favor of a stateless society.  They are, largely, socialists.  Intentional chaos is an intermediate stage outlined by Karl Marx, and in detail in Rules for Radicals.  Karl Marx noted that the majority of any nation has a vested interest in the status quo, even if that same majority can recognize it's flaws.  Thus, the status quo must be disrupted before any substantial change, in this case a socialist revolution, may be successful.  Certainly they don't all believe that they are socialists, but all of those who are rioting are contributing to that end, whether they know it or not.
6111  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin subject to a "Hostile TakeOver" ? on: March 27, 2011, 03:50:09 PM

Quote
What he was describing was blockading a majority of the honest network

Such a botnet could also do this.


For a limited time, sure.  However, even if you could isolate every known node from one another, you would still have to be (or connected to) the largest of the isolated networks.  A botnet can't realisticly stop these nodes from generating while isolated.  Artforz, alone, once represented 5%+ of the network and his setup is on a private network, not a pool.  So even if a botnet was large enough to fracture the network, the botnet owner's clients would have to be able to out run Artforz, any other miner of equal or greater capacity, and the total of the clients that it couldn't blockade.  For the blockade must end eventually; and when the network reconsolidates, the blockchain with the greatest proof-of-work still wins.  That could be the botnet owner, but it might not.  Participating honestly in the mining is still the best overall business plan.  This is actually part of the point of the way the mining system was designed.



30,000,000 nodes and 12 times the current network capacity... Just sayin'.

For the largest botnet ever discovered...Just sayin'.

If you think your botnet is up to the challenge, give it a try.
6112  Bitcoin / Mining / Re: Electric power bill on: March 27, 2011, 03:35:31 PM
Besides that, the company would detect a lot of IRC traffic, wouldn't they?

Not if the user was running a pool miner, or the 'shy' client.  The clients don't need to bootstrap with IRC, it just makes initial connections to the network quicker upon startup.  If someone was running a client 24/7, IRC would become irrelevant after a couple hours.
6113  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin subject to a "Hostile TakeOver" ? on: March 27, 2011, 03:25:37 PM

Quote
What he was describing was blockading a majority of the honest network

Such a botnet could also do this.


For a limited time, sure.  However, even if you could isolate every known node from one another, you would still have to be (or connected to) the largest of the isolated networks.  A botnet can't realisticly stop these nodes from generating while isolated.  Artforz, alone, once represented 5%+ of the network and his setup is on a private network, not a pool.  So even if a botnet was large enough to fracture the network, the botnet owner's clients would have to be able to out run Artforz, any other miner of equal or greater capacity, and the total of the clients that it couldn't blockade.  For the blockade must end eventually; and when the network reconsolidates, the blockchain with the greatest proof-of-work still wins.  That could be the botnet owner, but it might not.  Participating honestly in the mining is still the best overall business plan.  This is actually part of the point of the way the mining system was designed.
Quote
Quote
As you have pointed out, it would be vastly more profitable for the botnet owner to simply bend his stolen clockcycles to actually mining in a 'honest' fashion.

This will not always be the case.

Sure, but by the time it's not, the size of the Bitcoin network will be much larger than any botnet.  And this kind of plan assumes that the major players in the network right now just sit back and do nothing while a DDOS attack persists upon the network.  This is unlikely, and all that it would take to completely deny the botnet owner his ill-gotten gains would be for Artforz to set up a couple of modems on his network and connect directly to a couple other major players to directly trade blocks.  Furthermore, there is no certainty that such an emergency physical peer connection network isn't already up and running.  How would we know if Artforz and the other major miners have privately discussed this or not?  With the capital costs that these miners have already commited to their systems, a few modems and a script to call one another directly over POTS (even if it were long distance) would be a small additional cost.

If they haven't already discussed this, they will be shortly after seeing this thread.
6114  Bitcoin / Bitcoin Discussion / Re: Would you support moving to a system with controled inflation? on: March 27, 2011, 03:04:30 PM
Your point about forking the software is just the process of creating other groups within democracy. The rules for forking the software are still there, there is a process that must be followed.

There is no complicated process to follow, really.  In case of bitcoin, if someone wants to create a version of bitcoin with a constant reward for miners, all he has to do is to comment one line in the code:


That's all.  Then all what one has to do is to run this and hope that other people will be interested in running the same thing.


If that is all that is done, the two sets of clients will each be trying to claim the current blockchain for their own after the reward drops to 25 BTC.  This will force an ongoing blockchain split, causing other network problems.  If anyone wants to do this, they need to build a separate network like 'testnet' is now.  Otherwise, I would be more than willing to participate in a direct attack of nodes that used the 'other' client.
6115  Economy / Speculation / Re: Bitcoin Technical Analysis on: March 27, 2011, 02:58:33 PM
Yes.
Lots more tweets about Bitcoin.
Things are picking up momentum.
Follow me on twitter too.   Smiley
http://twitter.com/brucewagner


Bruce!  Where have you been?  I was beginning to wonder if you had burned out on Bitcoin.

Any progress that you can report with regard to the POS system that you were working on in November?
6116  Bitcoin / Bitcoin Discussion / Re: Would you support moving to a system with controled inflation? on: March 27, 2011, 02:54:53 PM
I strongly disagree. I think it's pretty clear from the poll that the majority is for keeping the current system, so there's really no point in forking the blockchain.

Free software organisations are not democratic.  When someone doesn't agree with the majority, he doesn't have to "obey".  He can just fork the sotfware.  Democracy is not freedom, it's dictatorship of the majority towards minority.   Fortunately it doesn't prevail in FOSS.


The Democracy point you make is apropos, True Democracy is anarchy, in the process of forming groups before an inevitable separation.

Republics are a better system for unity. Democracy promotes individuals, which degrade into several groups, the group with the most power rules. It is in essence minority rule, until the ruling party pisses off a majority of the other groups.

Your point about forking the software is just the process of creating other groups within democracy. The rules for forking the software are still there, there is a process that must be followed. However, there is a feeling of freedom that has been lost IRL. And it does feel Good and Right.


Humans are a herd animal.  The concept of a true democracy is impossible, because even if everyone truly could have an equal vote, there is always a significant minority of the voting public that seeks an alpha male.
6117  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin subject to a "Hostile TakeOver" ? on: March 27, 2011, 02:51:39 PM
That has probably already happened, perhaps more than once.  That would be one reasonable cause of the spike and drop in hashing power about two weeks ago.

You know, it seems to me that a person could create a crude form of leverage by directing a botnet attack on the network at large and then using whatever mining rig they have to mine while everyone else is impeded. This could be used to artificially lower the difficulty and increase the percentage of the network's hashing power their box is contributing. This could prove lucrative depending on how much leverage is possible using such a technique.

The network-at-large is pretty large.  I would doubt a DDOS attack would be effective.

The largest botnet on record is BredoLab, 30,000,000 zombies strong. Let's say that the zombies are only single core capable of 2 Mhash/s, and only 10% of the processor power is being robbed for a total hashing power per zombie of 200 Khash/s ... A total of 2e+5 * 3e+7 = 6e+12 hash/s ... Yeah, that's a threat.

Unless the network grows significantly, or a protocol is developed for filtering 'valid' connections on the network this will continue to be a threat.

No, that's not a threat.  This just goes to show that it would be profitable for a botnet owner to mine using the botnet, which wouldn't harm the network at all, and would actually help it grow stronger.  What he was describing was blockading a majority of the honest network (probably by identifying the largest pools and other large miners that share an IP address) and denying those nodes access to the network in some fashion.  My point was that this probably isn't possible, because although a botnet could DDOS a large number of those major players, all of the smaller miners that the botnet isn't aware of (or simply doesn't have the size to attack) benefit as well, so the attack isn't viable.  As you have pointed out, it would be vastly more profitable for the botnet owner to simply bend his stolen clockcycles to actually mining in a 'honest' fashion.  For all we know, this is already happening.
6118  Other / Off-topic / Re: The Bitcoin FTP - Share your media with fellow Bitcoiners! on: March 27, 2011, 02:38:39 PM
Appears unreachable to filezilla
6119  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin subject to a "Hostile TakeOver" ? on: March 27, 2011, 02:17:34 PM
That has probably already happened, perhaps more than once.  That would be one reasonable cause of the spike and drop in hashing power about two weeks ago.

You know, it seems to me that a person could create a crude form of leverage by directing a botnet attack on the network at large and then using whatever mining rig they have to mine while everyone else is impeded. This could be used to artificially lower the difficulty and increase the percentage of the network's hashing power their box is contributing. This could prove lucrative depending on how much leverage is possible using such a technique.

The network-at-large is pretty large.  I would doubt a DDOS attack would be effective.
6120  Other / Off-topic / Re: The Bitcoin FTP - Share your media with fellow Bitcoiners! on: March 27, 2011, 04:07:26 AM
Is this on your home machine?
Yes, yes it is. One of them.

This is a bad idea, at least from the perspective that you might not want to host files beyond your personal review on a machine in your home.  Because dynamic dns is easily backtraced to your actual address, if you are the right person (or agent of the state).  A hidden service over Tor would be wiser.
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