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7561  Bitcoin / Bitcoin Discussion / Re: The Revolution Will Not Be Centralized on: July 04, 2014, 05:19:02 AM
I like it reminds me of a documentary I watched or recall hearing about can't remember
The Revolution will not be televised
http://en.wikipedia.org/wiki/The_Revolution_Will_Not_Be_Televised_%28film%29
7562  Other / Meta / Re: Can we have a new child board termed " CRYPTO ARTS" in this forum? on: July 04, 2014, 05:15:50 AM
Put this in Meta as a suggestion instead of Bitcoin Discussion
Seems interesting enough not sure how large the demand would be but if not maybe it can be added to the new forum software.
7563  Bitcoin / Bitcoin Discussion / Re: Bitcoin Or Gold? on: July 04, 2014, 05:09:27 AM
This seems to be discussed at least once a week, but as far as a currency or an investment bitcoin always wins. Gold isn't good at all as a currency but I guess it has intrinsic value as a precious metal.

Yep it's one of those long recurring topics that gets put up now and then, anyways I have a default answer now.
It's a gold coin with a holographic symbol that leads to my Bitcoin balance
7564  Bitcoin / Press / Re: [2014-07-03] CD: Overstock Dangles Rewards For Bitcoin-Friendly Vendors on: July 04, 2014, 04:57:01 AM
Great news starting to feel like buying some Overstock shares
Companies that are forward thinking make good returns Smiley

They were left for dead when Amazon got huge. Now suddenly they are in the spotlight again. I use them when I can find what I need there. Hopefully in time that will be more and more.

I like to root for the underdog and the most important factor to a company is to develop a dedicated userbase.
Bitcoin has that potential userbase that can be used to leverage and grow larger something to compete against Amazon and take it down.
Kind of the benefits of targeting different areas.
But that's only if amazon does not change its policies and overstock remains the main provider still it does lead one to believe that their is still potential in that company Smiley.
7565  Economy / Economics / Re: Buying the Network Effect - People accept $.01/hr to run possible malware on: July 04, 2014, 04:17:54 AM
Stealth mining on others' PCs can be completely voluntary and non-criminal. Assume software scans for GPU. No GPU? Not eligible (or maybe eligible, depending on coin sought to be mined). Not particularly useful to SHA256 anymore, but still relevant to ASIC-resistant Scrypt and other, more exotic algorithms which don't have ASICs built for them.

Create, say, a $25 minimum payout requirement among some other trickery and these disincentives to claiming rewards can bring real cost vs advertised cost down dramatically.



"There are many tales in literature over millennia about people selling their soul to a malevolent deity for the right price. But at least it’s usually a good price. Recent research has discovered that we are willing to compromise our computer for no more than one cent in income.

The researchers from the Carnegie Mellon University CyLab who carried out this work, tempted users into downloading and, in many cases, actually running a Windows application on their computer. After they had agreed to take part, they were told that it was for an academic study but were given very little other information about the application. The application pretended to run a series of computational tasks and paid those who installed it one cent for every hour it was left running.

Even though a participant's machine would give them a pop up warning when they started the download to tell them that this application wanted higher level access to essential security services, 22% of them went ahead and downloaded. And when participants were offered $1 per hour, that figure rose to 43%.

...

The fact is, this application could easily have contained malware. Participants knew little about what they were installing other than it would pay them for their processing power but they didn't seem to mind.

...

Crooks will be pleased to learn from this study that it is apparently very easy to trick ordinary computer users into hosting your malware.

..."

Full article @ https://www.techdirt.com/articles/20140624/16091327675/would-you-compromise-your-computer-one-cent-hour-new-study-says-many-are-happy-to-do-exactly-that.shtml


That's kind of neat
Honestly if I was going to be a douche about it I would install the program on my computer, consider that it is safe to assume it has potential viral properties and then put it in the sandbox and use it like a normal user and move out of the sandbox if there is important work to be done.
http://en.wikipedia.org/wiki/VirtualBox
http://lifehacker.com/5714966/five-best-virtual-machine-applications

That said your right the network effect is scary for users without the technical skill to build loopholes around it and I think it would be a bad idea to see that type of system in mass usage.

Let it think it's getting important data but it's just watching me looking at videos and news Smiley

 Whenever you download an application from any source, trusted or otherwise, you should complete a simple mental checklist.

Did I scan for malware just before I clicked to install the application? Is my operating system warning me about the security risks with this application? Did I scan my system for malware after I installed the application? And finally, do I have up to date anti-malware software?

OR perhaps put it on a virtual box and have 10 or 20 of them hehe.

That said it is worth noting that some games give in game credits to users for installing apps already and sometimes those apps are semi-malware
Mytoolbar anyone.
7566  Economy / Economics / Re: What happens when *WE* are the wealthy elite? on: July 04, 2014, 04:14:55 AM

Maybe we will be clinging on to Bitcoin like tptb are clinging on to the dollar, and the younger generation will be trying to introduce the Bitcoin of their era.

It's the Circle of Life (Inserts the Lion King)
It's possible when were old and control the financial system with Bitcoins the younger generation will create something new that becomes the basis for a whole new monetary system.
Imagines Sword Art Online or MMORPG type currencies and financial systems inside of a virtual system that people use
Old people we like reality and our Bits.
The young generation would be like the innovations in the virtual world allow us to go further and innovate far more than ever before and we will make a superior currency in there Smiley.
That said if the future is Virtual mining for coins inside your head to earn currency that would bring the biggest smile to my face ^_^.

Using our brain power to mine for coins :O I'm gonna go mine for some knowledge right now.

Well as the saying goes we know that Knowledge is Power
But who knew it could be implemented as a currency system ha-ha.
7567  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Play or Invest : 1% House Edge : Banter++ on: July 04, 2014, 04:11:13 AM
How exactly does it put him in more jeopardy then previously. If he's retaining them, people need to know so try know who to go to if they have withdrawal problems. If he's passing them onto some other escrow the. It'll also be publicly known for the same reasons.


The principal part of the law is that it regulates Bitcoin as a Money Services Business. As such it would be subject to the requirement to report to the government cash transactions over CAD$10,000. I am sure that dooglus is hoping that the holders of roughly 16 accounts that are over that amount will withdraw their bitcoins before the law goes into effect.

If that happens, the idea of creating an escrow for thousands of accounts of very small value , many of which will never be settled, may be better deal with legally by considering them as personal loans.

Well since no business is currently in operation he is holding the coins as an escrow holder
Considering there are no interest for for holding these coins he would just be considered a retainer now of the balances.
Safe from the MSB status but I guess he could press the emergency withdraw button whenever he needs to.

It's still fairly early to do that though give them a few months to do it btct's shutdown and burnsides took around a year or so before it calmed down with a little bit remaining here and there.
7568  Economy / Economics / Re: What happens when *WE* are the wealthy elite? on: July 04, 2014, 02:58:47 AM

Maybe we will be clinging on to Bitcoin like tptb are clinging on to the dollar, and the younger generation will be trying to introduce the Bitcoin of their era.

It's the Circle of Life (Inserts the Lion King)
It's possible when were old and control the financial system with Bitcoins the younger generation will create something new that becomes the basis for a whole new monetary system.
Imagines Sword Art Online or MMORPG type currencies and financial systems inside of a virtual system that people use
Old people we like reality and our Bits.
The young generation would be like the innovations in the virtual world allow us to go further and innovate far more than ever before and we will make a superior currency in there Smiley.
That said if the future is Virtual mining for coins inside your head to earn currency that would bring the biggest smile to my face ^_^.
7569  Economy / Marketplace / Re: Why are you not selling stuff on Bitcoin Classifieds? on: July 04, 2014, 02:51:47 AM
The site was down for me but if someone makes a good classified service might be tempted to use it
Will need to check it later
7570  Bitcoin / Press / Re: [2014-07-03] CD: Overstock Dangles Rewards For Bitcoin-Friendly Vendors on: July 04, 2014, 02:48:02 AM
Great news starting to feel like buying some Overstock shares
Companies that are forward thinking make good returns Smiley
7571  Economy / Goods / Re: Oil Painting For Sale on: July 04, 2014, 02:27:40 AM
I think you should include the pic in the OP as well.
By the way, are you the author?

PS: The cat layer looks so funny Cheesy

I actually like the cat layer myself
It's like the divine telling the Cat to Go away I fear nothing and agree that it should be added to the OP.
7572  Economy / Economics / Re: What happens when *WE* are the wealthy elite? on: July 04, 2014, 02:25:49 AM
The world will become awesome that's what
A bunch of rich anarchists leading the world towards a libertarian free state with strong innovation and minimum government and strong internet freedom ^_^.
Basically the same cryto anarchists that created Bitcoin building more stuff in reality.

For a minute there I thought you were serious

I was kidding ^_^ but yah it did sound a bit serious not really sure what a bunch of rich anarchists would do
http://en.wikipedia.org/wiki/Crypto-anarchism
http://en.wikipedia.org/wiki/Anarcho-capitalist

Wiki says this though
In an anarcho-capitalist society, law enforcement, courts, and all other security services would be operated by privately funded competitors rather than centrally through compulsory taxation. Money, along with all other goods and services, would be privately and competitively provided in an open market. Therefore, personal and economic activities under anarcho-capitalism would be regulated by victim-based dispute resolution organizations under tort and contract law, rather than by statute through centrally determined punishment under political monopolies.

Riiight.   So who enforces these contracts if there is no govt and police are private?   

There would be minimum government didn't say no government there is a difference
Police would still be under the Civil service  the government would still have a legal system just less red tape in the process.
The wikipedia did define it interestingly though but there is a whole army of divergent views there.


The younger generations will be bitching about how they hate everything we do.

The younger generations came to Bitcoin to defeat the old fiat system Smiley
7573  Bitcoin / Bitcoin Discussion / Re: Every Song About Bitcoin, Reviewed on: July 04, 2014, 02:21:37 AM

Pfft It didn't even look at all of Zhou Tonged ones
That said I recall a few more and one with a reference to bitcoin and wall street but forget the rest.
7574  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the Philippines - any Pinoys on this forum? on: July 04, 2014, 02:15:36 AM
Check the subboards although not sure how many child boards it has
Language specific
https://bitcointalk.org/index.php?topic=27736.0
7575  Other / Politics & Society / Re: THE OIL AND GAS BUBBLE IS ABOUT TO POP!!! on: July 03, 2014, 11:09:01 PM
I do feel like this bubble will not pop just yet
Only because of the fact that if Iraq gets taken over oil security in the Middle East will be at risk yet again
Not really affecting US/CAD supplies but it will get the speculators pushing the market price up again lol.

But the Kurds are becoming established, ISIS is becoming established, and you KNOW America and Russia are involved on both sides of this somehow.

True enough OIL is a form of diplomacy a lot of money moves into it
That said it might push the price per gallon to 4 dollars for a while this summer before coming back down
I miss cheap oil and gas but supplies are getting more expensive since we pretty much mined all the cheap stuff lol.
7576  Bitcoin / Bitcoin Discussion / Re: Better to buy in Canada or the UK? on: July 03, 2014, 11:06:36 PM
Canada when it comes to buying. CaVirtex is a very good choice. One thing to keep in mind over the years is that the price in Canada for BTC tends to be lower when compared to the large worldwide exchanges (Now Bitstamp) when one also factors in the CAD / USD rate. A possible explanation is Canada's cold winters making it more cost effective to mine BTC in Canada than in other parts of the world. This makes Canada a net exporter of BTC and tends to depress the price in Canada when compared to world markets.

The heat produced by a bitcoin miner is way more welcome when it is -35C outside than when it is 35C outside.  Wink

Amen to that if there is one thing we can be greatful for its the bloody cold winters here that make mining profitable
Liquid cooling I got your cooling right here
Go outside when it is -20 in November through January puts the Miner in a greenhouse/shed and wire an internet cable from the house and watch the miner run fine since it keeps at around room temperature lol.
(Maybe some humidifiers just in case though)

I think though that its fine apparently there is a picture of a rig on a roof covered in snow lol not sure where though.
https://bitcointalk.org/index.php?topic=35470.0

If you want to go with the exchange rates there is always mintpal as well for arbitrage trading between different currency pairs.
Or two accounts one to buy bitcoin and one to sell those bitcoins at a profit.


7577  Economy / Economics / Re: What happens when *WE* are the wealthy elite? on: July 03, 2014, 10:59:16 PM
The world will become awesome that's what
A bunch of rich anarchists leading the world towards a libertarian free state with strong innovation and minimum government and strong internet freedom ^_^.
Basically the same cryto anarchists that created Bitcoin building more stuff in reality.

For a minute there I thought you were serious

I was kidding ^_^ but yah it did sound a bit serious not really sure what a bunch of rich anarchists would do
http://en.wikipedia.org/wiki/Crypto-anarchism
http://en.wikipedia.org/wiki/Anarcho-capitalist

Wiki says this though
In an anarcho-capitalist society, law enforcement, courts, and all other security services would be operated by privately funded competitors rather than centrally through compulsory taxation. Money, along with all other goods and services, would be privately and competitively provided in an open market. Therefore, personal and economic activities under anarcho-capitalism would be regulated by victim-based dispute resolution organizations under tort and contract law, rather than by statute through centrally determined punishment under political monopolies.
7578  Other / Politics & Society / Re: THE OIL AND GAS BUBBLE IS ABOUT TO POP!!! on: July 03, 2014, 10:51:08 PM
I do feel like this bubble will not pop just yet
Only because of the fact that if Iraq gets taken over oil security in the Middle East will be at risk yet again
Not really affecting US/CAD supplies but it will get the speculators pushing the market price up again lol.
7579  Bitcoin / Bitcoin Discussion / Re: What happens to the silk road bitcoins after the trial? on: July 03, 2014, 10:45:38 PM
Returned or sold only two options.

Pretty much or the very small chance the government chooses to confiscate them and keep them for themselves instead of selling them off
Treating them as a reserve of sorts  Cool
7580  Bitcoin / Bitcoin Discussion / Re: Expedia says Bitcoin usage has exceeded expectation on: July 03, 2014, 10:44:41 PM
This looks like good news for people to look forward to booking airplanes with expedia
Keep it up (although I rarely use it myself since I haven't booked a trip in a while)
When I do though will consider using it if it includes airplane tickets ^^
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