Believe it or not, this chart was from earlier today.
Ok, then it's just a shitty chart then because it is missing btcguild.com. |
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No, you can't fully tie an address to an individual. Especially if the money is spent into the economy beyond.
You could invalidate addresses containing the fradulent funds, and generate Bitcoins from nothing into a new address, so for example block 5000_from_now puts 20k BTC into a particular address, and the private key for this address (the wallet) is given to allinvain. Mining creates BTC from nothing so you could use a similar mechanism. |
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Let's Joe Jr. loses his wallet on a school bus. He had all of his birthday money in there. At least $900. So, he goes to the police and they search for his wallet but the money is nowhere to be found. In fact, it probably was already spent into the world beyond. So, a large group of people get together and decide to let the Federal Reserve print Joe 900 more dollars at the expense (devaluation) of everybody elses money, which quite a few had no say in or inherently disagreed.
Is this really your idea of justice?
Yes, if they can also remove $900 from the perps. They can't. If we could, we wouldn't be discussing changing the software. Changing the software is part of "could", since it is feasible to change it and test it. I'm not entirely behind this idea but it is a suggestion. |
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Let's Joe Jr. loses his wallet on a school bus. He had all of his birthday money in there. At least $900. So, he goes to the police and they search for his wallet but the money is nowhere to be found. In fact, it probably was already spent into the world beyond. So, a large group of people get together and decide to let the Federal Reserve print Joe 900 more dollars at the expense (devaluation) of everybody elses money, which quite a few had no say in or inherently disagreed.
Is this really your idea of justice?
Yes, if they can also remove $900 from the perps. |
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I'm more concerned about the 9.3M BTC sent in the last 24 hours. That's 140% of the entire BTC economy, sent in less than 24 hours and not through exchanges. See: http://www.bitcoinwatch.com - Bitcoins sent last 24 hours http://blockexplorer.com/ - Largest transactions (last 300 blocks) - Look at all these largest transactions - it's the exact same money being moved from address to address over and over again. Very weird. Perhaps this is just someone with an account where most of the balance was received in a single transaction. It starts out receiving 50,000 BTC in one transaction in block 93863, and sends 50 BTC at a time to other addresses. When there is a single input transaction that's being drawn from that is larger than the output, the balance of the input transaction appears to be sent to a newly generated address. The fact that the balance of the big transaction also looks like it's being moved around is technical smoke and mirrors. Or maybe it really is being moved? Counterfeiting!!!! SELL!!!!!!!111!!!!1 SELL!1!!!!! SELL!!!111!1!!! This. The market will plummet from the manipulation and possible counterfeiting. It's likely that someone cracked SHA-2, possibly with a quantum computer. Prices will plunge to $5/BTC by noon Saturday (EST). Sell. Everything. |
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I was thinking you could hard-code in an array of "illegal" bitcoin addresses (those of the perpetrators) so that no client will invalidate Bitcoins originating from them. Also, you could hardcode in an address that starts with the amount of Bitcoins stolen, and give allinvain the private key. I'm sure it could be done though I don't know the technical specifics.
You could actually turn it into an entire component of the client where you hardcode in reversals of fradulent activity, based on democratic and fair judgements.
I'm sorry but this is an awful idea. Who is going to use a client that allows the community to vote away the bitcoins in wallets? The legal system does the same thing... and I think it is fair. I would use it. |
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I was thinking you could hard-code in an array of "illegal" bitcoin addresses (those of the perpetrators) so that no client will invalidate Bitcoins originating from them. Also, you could hardcode in an address that starts with the amount of Bitcoins stolen, and give allinvain the private key. I'm sure it could be done though I don't know the technical specifics.
You could actually turn it into an entire component of the client where you hardcode in reversals of fradulent activity, based on democratic and fair judgements.
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Mining Bitcoins in this form will be gone waaaay before 100 years from now. SHA-2 will be broken in a decade or two.
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thanks! appreciate the confirmation
The wallet basically holds your passwords, and your client uses them locally to decide how much money you have from the data in the downloaded blocks. |
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Next we have to get young hip people with fancy smart phones who eat at ethnic restaurants and buy things online. Once we breach the demographic we'll see geometric growth again, and the price will soar into the hundreds, maybe thousands.
I'd say I'm more of this type, although I'm an engineer. I don't think it's necessarily a bad thing for the Feds, and governments of most countries, to regulate money. However, I do see the explosive growth potential for Bitcoins. |
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Your chart is missing btcguild.com. They have 1.5 TH/s.
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These are the dates of the first and last thread per page in Bitcoin Discussion. (math may be subject to inaccuracies) Forum Page First thread Last thread Difference 80 November 22 2009 February 8 2010 78 days 70 November 22 2010 November 30 2010 8 days 60 March 02 2011 March 09 2011 7 days 50 April 21 2011 April 24 2011 3 days 40 May 17 2011 7:27 May 18 2011 17:13 1.4 days 30 May 31 2011 22:06 June 1 2011 23:39 1.06 days 20 June 7 2011 19:20 June 8 2011 4:11 0.35 days 10 June 11 2011 20:05 June 12 2011 4:24 0.35 days 1 June 16 2011 18:32 June 16 2011 21:39 0.125 days What do you guys think will happen? Will the forum explode???  |
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newbie poetry, what, so how much hash rate I need?
says my friend, SELL SELL SELL SELL SELL!!!!!!!!!
Collapsing, bitcoin, all will be lost.
What power also supply do I need?
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I just had the thought of putting a wallet with 0.01BTC onto a USB, and chucking it into a fountain at the mall or something. Be the first person to do this. I wonder if it'd sink?
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Well Greece are tied to the Euro, though there has been speculation about cutting greece from it. But thats probably not going to happen...
I thought Greeks dealt in gold and silver coins. At least, that's what I learned from watching Hercules and Xena. |
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Fragment sentence into the forum, which is know to cause confusion?
Post count 14, expect you what? |
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Could a top end graphics card from 2000 even do 0.1 Mh/s? Even good cards from a few years back are doing 20 Mh/s.
Might be a bad comparison, but Xbox came out in 2001, you don't think that could do 1 or 2? edit: On second thought, I don't think it could. |
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I was just wondering about this. A top-end graphics card in 2000 could probably do 5-15 MH/s, and now one can do 600. So I'm guessing 2024 or so, maybe sooner.
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Originally I was hesitant to get involved with Bitcoin because I thought it was some cool project that nobody would really notice or care about. I think that all press is good press, although some is obviously far better than others.
Bad press is more interesting to read (when you're unbiased), so it makes sense that it would dominate.
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No one will need more than 637 kb of memory for a personal computer. 640K ought to be enough for anybody. - Bill Gates, founder of Microsoft, in 1981
Funny quotes but I don't think this one was actually said. |
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