There at least you can point to a legitimate use of BTC. .... and by implication wealth protection and escape from oppressive monetary regimes (to name but a few) are not "legitimate" uses for BTC ... huh? |
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Bitcoin's future is in the continued crumbling of the conventional tools of exchange, a prospect I look forward to a little more than I should.
Nice comment. But yeah, then maybe we all do ... but I also wonder if the people who were doing the same thing inside the Soviet Union feel bad now about cheering on (facilitating even?) the demise of their failing institutions? |
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Differentiating bitcoin from state-monopoly currencies issued by centrally-planned banking systems is a good way to draw a parallel with gold without attacking the shibboleth of the gold standard (also a state-sanctioned monopoly currency but best not go there with this article maybe)
bitcoin = decentralised, free market-based currency.
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Hey Hal, good to see you are still around swinging for the fences with bitcoin  ... thanks for the tip on the M-disk tech. also. |
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acoindr : Okay, I finally got around to completing an article for Zero Hedge. Please let me know any suggestions. Also, does anyone have a ZH account for submission? It looks like it takes 4 to 7 days for new account approval. If nobody has an account I'll create one there and submit. I hereby release this into the public domain. Please feel free to use as you like. I can get this published at zerohedge if you still want to .... is that the final draft? |
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1- The only people who have access to it is BitInstant. The bank, mastercard, card issuer does not have access to or need any of this info. Your privacy is safe.
Thanks. I assume that the usual caveats of such ID data being subject to request by relevant governing authorities, etc, etc .... also does BitInstant have any plans to datamine this database for its own commercial purposes, e.g. promotions, targeted marketing, etc? 2- So, there is 1 address printed on the card, but we can easily pin more addresses to it.
Umm, interesting that you can "pin" other addresses to the card, but what I was actually asking about was the number of copies, and whereabouts, of the private key associated with the card's public address. |
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Lazlo's trade of two pizza's for 10,000 bitcoins are all you need to know to about why bitcoins have value now and Mises regression theorem ... it's not really all that mysterious, people will trade anything for anything, beanie babies, baseball cards, marbles ... beyond that it is the properties of the object that determine how well they satisfy the current market demands for certain attributes in a monetary object.
What I would find more puzzling is the monetisation of cigarettes in prison populations .... how does Mises regression theorem explain that one? That is definitely spontaneous monetary order forming around a physical object in a population that has extremely limited access to physical objects generally. Assuming the original cigarettes are brought into the prison as gifts and not traded using other items of value.
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ThomasV : how far along is the code towards being able to reference multiple servers? (e.g. I want my client to connect with at least m of n selected servers before doing anything)
or genjix maybe knows this better ... is there any dev work underway to achieve this?
As far as I know nobody is working on this just now. Only work on the server connection that is planned is making it less obtrusive. Basically as a casual user it will connect to servers and reconnect to different ones if one stops working without user interaction. Feel free to send in a pull request though if you feel like coding up something. Ok, thanks ... I will feel free at your behest. |
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"I tried once to install the software. It took forever and didn't do anything," says Robert Hughes, a senior vice president with the consulting firm Speer & Associates who's been studying Bitcoin. I gotta say this cracked me up ... I wonder if he is representative of the intellect of your average Vice-President? If I was his boss he would not be working for me much longer. Technology moves on and some people will not make the grade ... one of the good things about bitcoin is it raises the bar substantially on raw intellect and competence to remain competitive. |
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Yankee (BitInstant) : ? Yankee: couple of questions regarding Bitinstant's card
i) who holds (owns, possesses, stores, has access to etc?) the centralised database that links the cardholder's identities with the UNIQUE bitcoin address-card number pairs?
ii) how many copies of the bitcoin private keys associated with the UNIQUE bitcoin public address on the card exist and where will they reside?
Thanks.
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ThomasV : how far along is the code towards being able to reference multiple servers? (e.g. I want my client to connect with at least m of n selected servers before doing anything)
or genjix maybe knows this better ... is there any dev work underway to achieve this?
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Ok, I think I see the basic thrust of the argument now ... mine for OpenPay, get free real-world transactions using OpenPay card ... sounds interesting.
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Here is the 2px orbital:
V. cool and subtle too ... silver-gold quicksilver-finish infinity p-orbital gets my big thumb up. ... cool and subtle? It looks like my balls  The picture shown is not the infinity-like p-orbital I was imagining .... unless your balls have been stretched into a pointy-ended dumb-bell shape ... or? |
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Instead we just need to have the ability to quickly query for unspent coins on a given address so we can build the transaction, sign it and get it out on to the network as quickly as possible. Also having our own custom pool will allow us to validate a given transaction much faster than would otherwise be possible. Maybe looking at an official hook-up with deepbit, for example is another option? Deepbit would be able to get transactions out on the network quicker than most I think, but there are other ways to do this and sending a tx to a pool is not necessarily the fastest way to propagate a tx across the network. Also, as to having your own pool to validate transactions quickly, you'll need to have a large pool, like deepbit, before that becomes a consideration as it depends on how quick they are solving blocks. |
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Can you confirm that installing your RPM will remove the system libraries for OpenSSL (libssl and libcrypto) and install your own versions in its place?
It did on all of my test boxes. I spent almost a full day on making sure this worked. Ok thanks for confirming that ... different people with different trust levels will view this fact differently but probably a big, fat red warning is in order to make it clear to users that this is what will happen. E.g. if you have ever tried to remove OpenSSL from your system (I do not recommend you do this btw!) you will notice how many security critical programs require these libraries as a dependency ... putting a binary libssl and libcrypto from a dev. other than official repo will be a big leap of trust for an enterprise server system administrator, just for example. |
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Here is the 2px orbital:
As electrum is an alloy of silver and gold perhaps the blue should be changed to metallic silver. V. cool and subtle too ... silver-gold quicksilver-finish infinity p-orbital gets my big thumb up. |
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Can you confirm that installing your RPM will remove the system libraries for OpenSSL (libssl and libcrypto) and install your own versions in its place?
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Yep, and if you put it up on github you could send a pull request through to someguy123 ...
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