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6941  Bitcoin / Bitcoin Discussion / Re: Suppose China used this for generating bitcoins... on: October 30, 2010, 10:13:00 PM
Until China can produce fake bitcoins, they wont want the real ones.

This is interesting. Can You elaborate ?

Chinese like to inflate their money supply so they can increase their export.

Yeah, they are always so proud of their official GPD growth numbers going up at about 8% per year, but recently it's come out that they have been quietly inflating their currency base at about 4% per year since 2003.  Considering GDP is more accurately a measure of Gross Consumer Spending, such a revealation not only cuts the knees off of the idea of a decoupled China boom, it also means that their adjusted GDP is barely beyond their middle class population growth.  That is a doubling rate about every 16 years, BTW.  Even the target rate of inflation used by the European Central Bank of 2% has a doubling rate of about every 33 years.  But I'm not really sure which is worse, because China still has a growing middle class population, which would actually mitigate some of the effects of inflation by reason of a growing domestic demand.  Europe, on the other hand, has a static or falling middle class population rate; so even a 2% inflation rate under such predictitable demographics is a destructive number.
6942  Bitcoin / Project Development / Re: Letter to the EFF on: October 30, 2010, 10:00:28 PM
Seem to me that nobody is willing to do the deed, I guess I'll have to contact them.

I sent them an email about four days ago, I have had no response.
6943  Economy / Economics / Re: How evil is Bitcoin ? on: October 30, 2010, 09:59:19 PM
Keynes called gold "the barbareous relic". 

We live in barbaric times.

More like moronic times.

And inflations have a tendency to end empires.

The US should never have been an empire to start with.  I would say that the end of the US empire is a good thing in the long run, but we live in the short run.  It will be a better nation for those who survive the short run, even if the federal union fails and states break apart.  The best state to live in under such a breakup is probably Texas.  I'm probably too old to see the end of such a conflict, myself, and would just bail on the whole nation and retire to some English speaking third world country.
6944  Bitcoin / Bitcoin Discussion / Re: Bitcoin in 15 Words for Laymen on: October 30, 2010, 01:50:10 PM
Bitcoins are a scam, I'll buy you out for a 50% loss.
6945  Economy / Marketplace / Re: Would you buy a house? on: October 30, 2010, 05:36:52 AM
Does satoshi,knightmb or artforz need a house?  Cheesy

Considering how private an individual Satoshi seems to be, I wonder what the odds are that he is another 12 year old hacker genius like DVD Jon; and his father won't let him interact too deeply with the crazy American crypto-geeks without parental oversight.

Of course, by now he would probably be 14.
6946  Economy / Marketplace / Re: Would you buy a house? on: October 30, 2010, 05:31:09 AM

I don't have 500 kbc, but I'm in for 1,500 bc.  However, you don't seem very serious about selling this house.


Well, for 1.5K no, I'm not serious at all Smiley It's not an auction because I will not sell for less than what I paid for, which is what I advertised. I am dead serious about selling it, though, as it is on the market already.

I do not know if I will sell it for bitcoins, because right now it is very hard to convert them to cash even for small amounts, and I will need the cash. I could be persuaded to do part bitcoins though, and even all bitcoins if the market trend continues in the upward direction, but you are right, this is just a discussion starter, not (yet) an actual proposal.

You could consider bitcoins as part of the sale price.  In the same way that appliances and window dressings are negotiable, so is the actual trade currency.  Beyond what is required to pay the note, anyway.  On your regular ad, just put a little blurb about "alternative currencies will be considered".  Your more likely to get a mixed offer with Euros, precious metal, or a vehicle than bitcoins; but there is no reason to be picky.

Considering that there are only about 4 million bitcoins in circulation at this time, I doubt that anyone has 500K bitcoins.
6947  Bitcoin / Development & Technical Discussion / Re: Bitcoin & dynamic ridesharing. on: October 30, 2010, 05:22:18 AM
I wonder which city has the highest concentration of bitcoin users?

It doesn't matter, build the app, and they will come. 

All it needs really is a mobile interface for mybitcoin.


And a server setup to compare 10K GPS grid numbers and their vectors at a time.

Simple right?  Probably not, or these other apps would have hit the public by now.  Granted, these other guys are trying to compare destinations as well as some other issues, and might have trouble with the transfer payment laws across borders.  All that I'm asking for is a client that can tell the server "I'm Joe Sixpack, I'm trying to get (downtown|WalMart|Atlanta, Georgia|Burning Man), I'm willing to offer x.y bitcoins per mile to get me as far as you will take me, and I'm not a psycho" and then the server forward that message to the client of the driver who is approaching the GPS location of the rider and is traveling in the general direction of the rider's goal.  Future improvements to such an electronic thumb would likely come later if the principle is sound; for example, a peer rating system might prove valuable.  As in, "this guy never paid me for the trip|he said I have a perty mouth|he paid me in grade A toke" kind of peer ratings.
6948  Bitcoin / Development & Technical Discussion / Re: Bitcoin & dynamic ridesharing. on: October 30, 2010, 02:07:35 AM
I wonder which city has the highest concentration of bitcoin users?

It doesn't matter, build the app, and they will come. 
6949  Bitcoin / Development & Technical Discussion / Re: Bitcoin & dynamic ridesharing. on: October 30, 2010, 01:04:47 AM
There are several phone apps in development intended to permit a rider to hitch with a driver for a near-real-time rideshare, such as Avego Shared Transport, RideNow and Flinc.mobi.  All of these systems assume a transfer of funds from rider to driver electronicly.  All of these systems use GPS mapping to match riders with drivers in complex ways.  None of these systems are publicly live.

Could any of you android developers hack together an app that simply notifies drivers headed in your general direction along the road that you are standing at of your destination and an offer in bitcoins?


That would be awesome. Expect to get reamed by the taxi industry lol.


That's another good reason for a Bitcoin based app, as opposed to some $ based transfer system.
6950  Bitcoin / Development & Technical Discussion / Bitcoin & dynamic ridesharing. on: October 29, 2010, 11:56:09 PM
There are several phone apps in development intended to permit a rider to hitch with a driver for a near-real-time rideshare, such as Avego Shared Transport, RideNow and Flinc.mobi.  All of these systems assume a transfer of funds from rider to driver electronicly.  All of these systems use GPS mapping to match riders with drivers in complex ways.  None of these systems are publicly live.

Could any of you android developers hack together an app that simply notifies drivers headed in your general direction along the road that you are standing at of your destination and an offer in bitcoins?
6951  Bitcoin / Development & Technical Discussion / Re: Decentralized Bitcoin scratch-off cards on: October 29, 2010, 11:48:43 PM
II'm thinking some variation of wallet-on-a-USB-stick might be a more convenient and practical way of physically exchanging bitcoins.

I wonder if Ebay would let you sell USB sticks pre-loaded with Bitcoin, a snapshot of the block chain, and a "starter wallet" with X bitcoins in it...


That's a great idea, but how would the receiver ever be certain that the wallet was unique without the need to immediately transfer the funds away from the wallet, destroy the wallet, and transfer them back?

I have mentioned this personally, as others before and after: We need to be able to import private keys into the running bitcoin process. This way you have your own bitcoin process, your wallet already there. You import the keys and the coins are yours. This does nothing to prevent double spending, of course, but make it really simple to transfer coins physically using usb keys or emails or whatever.

To prevent double spending, the import method would automatically transfer the coins in that key to a new bitcoin address from your pool. If it confirms, good, if not someone scammed someone, and you'll be playing the role of the latter Sad

So what we need is an extension to the client that permits the import and export of keypairs to a standardized file format, that could then be sent to anyone in any other way that files can be transfered.  The export process should automaticly assign the keypair the desired amount of money and destroy it from the wallet, while the import process should automaticly transfer the funds to a new keypair and destroy the keypair.  This would also permit long term storage of funds in the like maner for the same person in such a way that the exported keypair did not need to ever be accesable from the internet, nor stored with an entire wallet.dat backup.  It could be encrypted by PGP and sent over email, or loaded onto a floppy and stored in a saftey deposit box.  For that matter, it could even be printed onto a paper hardcopy with the 2D scancode format and placed into a  firesafe.
6952  Economy / Economics / Re: How evil is Bitcoin ? on: October 29, 2010, 11:33:29 PM
Keynes called gold "the barbareous relic". 

We live in barbaric times.
6953  Bitcoin / Bitcoin Discussion / Re: Bitcoin in 15 Words for Laymen on: October 29, 2010, 06:21:03 PM
"Bitcoin is honest, peer-to-peer money"

Or, for those who don't think Bitcoin is currency,

"Inflation is coming. Bitcoin barter tokens are the alternative."

"barter tokens" is a good way to express it.  Nice.


That's another way of calling it a currency.

I thing this whole attempt to boil Bitcoin down to a soundbite is futile at best, and potentially counterproductive.  Bitcoin doesn't require advocacy.  That will either lead to a bubble or to the early notice of governments.  Tell your freinds and family what you found, tell them what you think that Bitcoin is, and let them decide for themselves.  Get on with your own Bitcoin economy and stop trying to "talk your book".
6954  Bitcoin / Bitcoin Discussion / Re: Should we banish the words "money" or "currency" from the site ? on: October 29, 2010, 06:13:46 PM
So, we could say something like :  bitcoin is not claimed to be any form of money, nor currency.  Using it as such is only a matter of individual choice and responsability.

Except for the little fact that Bitcoin is a currency by design and definition, and the act of attempting to deny that fact in the face of reality is a fraud.  Don't fall into that trap, if they want to lock you up for using bitcions, lying about it will only make it easier for them.
6955  Bitcoin / Development & Technical Discussion / Re: Decentralized Bitcoin scratch-off cards on: October 28, 2010, 10:51:11 PM
II'm thinking some variation of wallet-on-a-USB-stick might be a more convenient and practical way of physically exchanging bitcoins.

I wonder if Ebay would let you sell USB sticks pre-loaded with Bitcoin, a snapshot of the block chain, and a "starter wallet" with X bitcoins in it...


That's a great idea, but how would the receiver ever be certain that the wallet was unique without the need to immediately transfer the funds away from the wallet, destroy the wallet, and transfer them back?
6956  Bitcoin / Bitcoin Discussion / Re: Suppose China used this for generating bitcoins... on: October 28, 2010, 06:34:28 PM
Quote
Ummm, what do you think??? Guaranteed monopoly?

No, not guaranteed.  Not even likely.  The difficulty would adjust in short order, and they would, at best, be left with collecting the new coins for as long as they were willing to commit the resources to the endeavor.  I seriously doubt that they would consider it worth it for long.

However, if they were willing to commit the entire thing to generation of bitcoins for a short time immediately after a difficulty adjustment, ram through the generation as fast as they can, and then stop as the difficulty adjusted so high that it took an hour or more to find a single block solution; then they could dick with the network for a very long time.  But this could also be done by any group of people willing to act in collusion to the same end.  Still, this would only frustrate the network for as long as they were willing to keep it up, but never break it.

A more dangerous attack would be to secretly use such a supercomputer to build a false blockchain before the whole of the network can develop a total network power in excess of what something like this could achieve.  Which is why anyone who has a computer that idles most of the time should donate clocktime to generation, regardless of their personal odds of grabing a block.
6957  Economy / Trading Discussion / Re: New EU directive on electronic money - 2009/110/EG on: October 28, 2010, 03:37:36 PM
It was bound to happen.
6958  Other / Off-topic / Re: Useless intellectual work on: October 28, 2010, 03:30:03 PM

PS.  Here in France, for instance, 56% of the GDP directly comes from state spending.   Some polls showed that 70% of young people would like to become a state employee.  And of course, but this is just an impression I've got, it seems to me that as in many countries in the world, the professions that are associated to social success are mostly those who are not related to economics reality (not complying to offer and demand, but to state subvention or direct funding) :  physicians, lawers, teachers and such.


Well, it's mathmaticly impossible for everyone to have a 'secure' government job.  Protesting, striking and rioting is a result of the belief that the government is the primary source of wealth, and it is only by the greed of the elite that said wealth isn't distributed evenly.  There is an old saying in America (and I suspect elsewhere) "there is no such thing as a free lunch".  It means that, even if something is free to you, someone has to pay for it.  In the case of the French, the government gets the money to pay for public largesse from taxing it's own people.  It's a vicious circle, and the strikers are harming the lower classes for the 'right' of living off of the younger working classes for a difference of two years.

This is also why you will not see the same kinds of striking in the US, because once we are out in the streets it's going to be bloody. 
6959  Other / Off-topic / Re: In the "Rise of the Millenials" section on: October 28, 2010, 12:30:36 AM
I am slightly offended by the suggestion that kids are hard to teach because we watch too much youtube.

That just means that we need to adapt the teaching methods to the audience.
6960  Economy / Marketplace / Re: I'm buying 5,000 bitcoins!!! on: October 27, 2010, 10:57:58 PM
If you want to sell your bitcoins make your offer here.

I will buy who makes the better deal.

Valerius

I think that part of your problem is that MtGox (and other markets) don't leave a publicly accessable record of the negotiations.
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