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81  Economy / Speculation / Re: What if Bitcoin Never increases in "Value"? on: November 01, 2014, 02:21:04 AM
Quote
Bitcoin needs to be passed on to the GUI designers, as you say the masses are thick, they need not be troubled by keys and hashes, they just want to sell/buy stuff.

This is the truth.

I'm a bit stumped, as to the idiocy of the masses.

For example, in the nordic Country Denmark, in their capitol Copenhagen, a lot of people use bicycles, and in general this is a very bicycle-friendly city.

However, most people do not use bikes in this city because they're concerned about their environment, or because they're concerned about their own health, or because they want to save money. When surveyed most people simply reply that the reason they use bicycles is because that's the fastest and most convenient method to get from A to B.

While I understand that on a larger scale, I don't get it from an individual standpoint. So people are saying that if it was quicker by car, they would use a car, and fuck the environment and their own health and wallet? I know that's polarizing it, but still..

For bitcoin to become useful on a large scale, there must be built end user systems that are safe and convenient, which is not an easy task. And I guess for it to outperform other payment systems, it must be so convenient to use, that it's simply the easiest way to pay or sell anything.

And of course, the volatily issue is also a real issue for many people, whereas enthusiasts happily add twice the needed amount to their mobile wallet just to be sure, not everyone could afford that.

Personally, I think the privacy and freedom aspects of bitcoin far outweigh any usability issues, but as you say, the masses are just concerned with selling and buying, and that's it - and I think this is a bit sad.


Haha, yes most people just do as those around them do, if that's riding bicycles then that's great Smiley, stuff like war etc... not so good Cry

Price will rise and volatility will subside when way before mass adoption happens.

Mass adoption won't happen until we can do something with bitcoin that we can't do with fiat.

Considering that current centralised marketplace solutions (ala ebay) all require users to have bank accounts and/or mobile phones, well hell there's a massive untapped market there.

When/if that happens then bitcoin will go "to da moon"
82  Economy / Speculation / Re: What if Bitcoin Never increases in "Value"? on: November 01, 2014, 01:53:14 AM
At the moment there's no killer app.

When's someone gonna code up a true P2P marketplace, silkroad without any servers using distributed hash tables and a democratic escrow system or do I have to do it my damned self!

I think OpenBazaar could be it, or I hope it would. It uses the Kademlia DHT (similar to BitTorrent's Mainline) to distribute the marketplace to its voluntary participants. Its escrow system is based on an 2 of 3 multisig wallet. (I'm not entirely sure what you mean about a "democratic escrow system", though)

Haha we're getting WAY off topic, but it may be good for the value of Bitcoin right! Grin



Written in Python Huh that's a strange choice for an open source project of such significance.

What I mean by democartic escrow:

2 of 3 multisig can stall if you're dealing with a vandal, someone can list an item they do not own, someone clicks "buy" and pays into multisig, seller says "you been scammed" and runs off, money is locked up in multisig. Vandal does not get money but he gets a kick out of shafting someone, because he's a dick!

So I think a real person third party escrow will be needed to step in when multisig fails, would be very annoying to lose coin to a punk.

The escrowers would also run supernodes, meaning if you wanted to sell an item on the system then you could simply list it up and then turn off your computer, just like ebay.

The supernodes would mantain the details of the ad with photos etc on their higher level DHT. Only the titles and prices would percolate through the entire network DHT.

The supernodes can only handle transactions <= X BTC, where X is proportional to trust that grows as they operate and handle escrow settlements.

Supernodes would take a tiny percentage of every transaction, MUCH less than ebay fees. Have free market decide these fees by allowing sellers to choose escrower based on trust/price etc. This way supernodes would be very much like miners, they will have to cover equipment, electricity and network costs and their physical time in handling stalled multisigs.
83  Economy / Speculation / Re: What if Bitcoin Never increases in "Value"? on: November 01, 2014, 01:31:04 AM
The killer app is bitcoin itself. If you look at the growth it has had since the beginning, that's proof enough. The all time bitcoin transactions statistics is a good example of bitcoins uptake.

Growth does not happen overnight, so everyone has to be patient. Remember this was created out of nothing. Cryptocurrencies are completely new. Check out market share. Not sure if that's completely accurate, but if it is, I think being not too far off from Western Unions marketshare is not bad.

Bitcoin is a tool: perfect p2p money.

We need an application that uses that tool in a p2p way. Riding centralised systems can only take us so far and they are vulnerable to adversity.

The killer app is bitcoin itself, and how do I explain that?

- You can send value to anyone with an internet connection without asking anyone for permission.
- That same value is transmitted without it being stopped forcefully by some party, that will 'investigate' the transaction, possibly reject it outright or reluctantly let it pass, after you've answered all kinds of elaborate questions and provided an awful lot of personal identifiable information. In addition information about your transaction is possibly relayed to a 3rd party which in all honesty has absolutely no business whatsoever peaking into your personal private financial transactions. If you have 1 BTC you want to send to your brother in Turkey, that's nobody's business except you and your brothers.
- The bitcoin address/account cannot easily be blocked by a 3rd party, which we see is  happening all over the globe every day of the week at a bankers whim these days.
- The transaction is fast, and with low fees.
- You do not have to leave your house to make a bitcoin transaction, you can do it from anywhere you have an internet connection, or even issue the transaction offline and then send it with traditional mail for someone to put it onto the network somewhere else.
- While the transaction is broadcasted on the blockchain which is open for everyone to have a look at, the only thing onlookers can see is the amount sent, and the addresses involved. I would think more analysis could be made as well, but it's not like a bank where if you send 20000 USD to someone, that's automatically added to databases of other government agencies. And there's also other projects in the works, that I haven't looked closely into, but take Darkcoin as an example.
- If you get stopped by the police, they can readily connect to any bank where you have an account and read your balance and any other information they might require. This is lack of personal freedom. With bitcoin you don't have to reveal anything. Just keep whatever balance you feel confident with on a normal banking account, and attach some credit card to it, so whenever asked, you just show your card with 3K USD on it or whatever. This so you don't arise any suspicion. The finances of an individual should be private. It's like your thoughts. Sometimes you have 'bad thoughts', and if those 'bad thoughts' were posted on twitter, or facebook or anywhere else under your full name, you would probably immediately receive a visit by some law enforcement officiers, because you're a 'threat'. Lots of the throughts you have in your mind at certain points are governed by emotions, if someone does something really bad towards you, for example some government officials which can basically do whatever the hell they want with you without any consequences whatsoever, it's only natural to have 'bad thoughts' reflecting the situation. In a future, governments might make it mandatory to wear a thought-collecting device, that would monitor and collect all of your thoughts, and once some 'unacceptable thoughts' were discovered, some robotpolice would immediately be dispatched to rectify the unwanted behaviour. Many people would approve such behaviour, as they'd gradually be accustomed to their privacy rights being invaded and eroded, bit by bit, part by part. The government want power and control, that's their main concern. So the people need to fight them every part of the way.

So just be patient, and let the services develop, and let's have the bitcoin economy mature.

Boy you write alot, but yes I agree with you, bitcoin rocks and fuck the old sytstem!

Bitcoin was fully matured pretty much on its first release.

The economy will mature as it gets used more. People need an incentive to use bitcoin over $, p2p marketplace will allow global trade, teenagers in bedrooms trading old game carts without the need to have to use daddys bank account.

You as an individual should be free. Free to think what you want, and free to do what you want, as long as you don't harm others. In today's society we no longer have freedom. If someone does not like you, and have the right powerful position, for example as the manager of your local bank where you have your mortgage loan, try pissing of your local mayor, which is his friend. The bank can come up with any excuse whatsoever to make life difficult for you. You could always fight it, but that could be taking so much of your life that it's not worth it. So as a consequence, most people just keep their head down low, and plug around in their daily lives, and they live in fear. What if I say that or this, will I loose my job, will I loose my house?

Even if you had some justified important discoveries you wanted revealed, you could still be punished. Truth and justice is not something that everyone subscribe to, some people rather just want to stay in power, at the cost of others.

If nobody can touch your financial assets, then you're more free. If you have 10K USD in bills in your house, and then you spend these for groceries, having the lawn moved or whatever, you spend your personal money without anyone else looking at what you spend the money for, whereas if you use a credit or debit card, there's a whole bunch of entities looking over your shoulder, collecting your expenditure patterns, and doing whatever actions they see fit. For example, if you purchase a pressure cooker to use with traditional cooking, you might as well get a visit from the FBI. Or if your purchase pattern match up with those deemed 'suspicious', you might receive a visit, or perhaps have the entire bank account frozen pending investigation.

The trust that people are putting in bank is really not worth a dime, on the press of a button, the bank can block you from accessing and spending your funds. This can be done because the bank thinks it's a good idea, or it could be because of political pressure, or pressure from law enforcement. And using a centralized payment system like a traditional bank represents, you never know when their services goes down and are unavailable. In addition, many people who's gotten in trouble with the law, has seen their bank accounts being confiscated, and thus being unable to pay for their defense. This is a concious strategy that's been levied upon the culprint.

In short, it's the tremendous flexibility and freedom that's the 'killer app' of bitcoin. People will start to see this gradually, and as more services spring to life and make it easier to spend bitcoins, more people will flock to it.

The people of a country is the most powerful entity, it's important to realize this. The millitary, the police, the politicians is not the most powerful entity. If people act in a group, they're the strongest force. Always. Fear, lack of knowledge and a passivity towards life is what often prevents the people to act.

Have a look at how hungarians stopped the internet tax.

In conclusion, bitcoin has come a long way, and it will continue to grow. The very fact that governments and banks are controlling our lives is very wrong. We're not free. We are slaves. This we must change.

Sure, there's perhapps no killer app built on bitcoin technology, like the spreadsheet was for the personal computer, that everyone needs to have immediately.

Quote
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
- Henry Ford

Many people are not educated, they know in reality nothing about how the world works. And our overlords, intend to keep it that way, by making it mandatory to have large loans that you need to spend the better part of your life to pay off, only to have a roof above your head. In addition keeping control of the financial system, means that the overlords have power over you as an individual. You are not a free man.

So the ones, complaining that there's no 'killer app' - it's right there - in front of your nose, and it's called Bitcoin.


I admire your championing of Bitcoin, I like it too.

Again I think bitcoin is a tool: that being perfect money.

For the bitcoin economy to grow then there must exist an application in the spirit of bitcoin: decentralised.

Bitcoin needs to be passed on to the GUI designers, as you say the masses are thick, they need not be troubled by keys and hashes, they just want to sell/buy stuff.
84  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 01, 2014, 12:54:34 AM
Do any of you guys know of a worked out p2p marketplace with a democratic escrow system?

I've read some posts on reddit etc talking of how it might be done and I've seen some altcoin creators have it on their roadmap, but I'm not aware of anything real yet.
85  Economy / Speculation / Re: What if Bitcoin Never increases in "Value"? on: November 01, 2014, 12:18:35 AM
I wouldn't mind if its very stable and adoption goes through highs!

That can't happen, price rises with adoption.
86  Economy / Speculation / Re: What if Bitcoin Never increases in "Value"? on: November 01, 2014, 12:09:09 AM
At the moment there's no killer app.

When's someone gonna code up a true P2P marketplace, silkroad without any servers using distributed hash tables and a democratic escrow system or do I have to do it my damned self!
87  Economy / Speculation / Re: What if Bitcoin Never increases in "Value"? on: November 01, 2014, 12:08:04 AM
Why do people think it's a Ponzi scheme?  Isn't the whole point of a ponzi scheme that it is centralized? Bitcoin is decentralized and no one owns it or manages it.

Totally agree... anyone who says bitcoin is a ponzi scheme:

does not know what a Ponzi scheme is.
does not know what money is.
does not know what Bitcoin is.
88  Bitcoin / Group buys / Re: [CLOSED]Minion Chip Assembly GB on: October 31, 2014, 11:40:42 PM
STILL AWAITING ORDER:

HCRSHRFOY

2 x TL-MR3020 router

2014-07-15    

107,40€

PD PayPal + Extra Fee    Payment accepted
89  Other / Politics & Society / Re: World War III on: October 31, 2014, 02:29:59 PM
Most people in the English-speaking parts of the world missed Putin's speech at the Valdai conference in Sochi a few days ago:

russian source:
http://chipstone.livejournal.com/1219546.html

translation:
Quote
1. Russia will no longer play games and engage in back-room negotiations over trifles. But Russia is prepared for serious conversations and agreements, if these are conducive to collective security, are based on fairness and take into account the interests of each side.

2. All systems of global collective security now lie in ruins. There are no longer any international security guarantees at all. And the entity that destroyed them has a name: The United States of America.

3. The builders of the New World Order have failed, having built a sand castle. Whether or not a new world order of any sort is to be built is not just Russia's decision, but it is a decision that will not be made without Russia.

4. Russia favors a conservative approach to introducing innovations into the social order, but is not opposed to investigating and discussing such innovations, to see if introducing any of them might be justified.

5. Russia has no intention of going fishing in the murky waters created by America's ever-expanding “empire of chaos,” and has no interest in building a new empire of her own (this is unnecessary; Russia's challenges lie in developing her already vast territory). Neither is Russia willing to act as a savior of the world, as she had in the past.

6. Russia will not attempt to reformat the world in her own image, but neither will she allow anyone to reformat her in their image. Russia will not close herself off from the world, but anyone who tries to close her off from the world will be sure to reap a whirlwind.

7. Russia does not wish for the chaos to spread, does not want war, and has no intention of starting one. However, today Russia sees the outbreak of global war as almost inevitable, is prepared for it, and is continuing to prepare for it. Russia does not want war—nor does she fear it.

8. Russia does not intend to take an active role in thwarting those who are still attempting to construct their New World Order—until their efforts start to impinge on Russia's key interests. Russia would prefer to stand by and watch them give themselves as many lumps as their poor heads can take. But those who manage to drag Russia into this process, through disregard for her interests, will be taught the true meaning of pain.

9. In her external, and, even more so, internal politics, Russia's power will rely not on the elites and their back-room dealing, but on the will of the people.
90  Economy / Trading Discussion / Re: Cortex7 - Bitcoin Trading Software App - Windows, Linux, Mac, Android. on: October 29, 2014, 04:16:33 PM
Version 1.05b is out now:

https://www.cortex7.net/download/index.html

Includes free real time charting for all users.

Question - is there an auto-update in app or do I have to uninstall and re-download if new versions come out?


There is only a way to check for a newer version in the app:

APP SETTINGS -> CORTEX7 VERSION -> CHECK FOR NEW VERSION

User is responsible for doing the update.

NOTE: With this release (105b) you will have to manually uninstall the old version first. Future releases will uninstall automatically when you try and install the new version.
91  Economy / Trading Discussion / Re: Cortex7 - Bitcoin Trading Software App - Windows, Linux, Mac, Android. on: October 29, 2014, 02:18:11 PM
Version 1.05b is out now:

https://www.cortex7.net/download/index.html

Includes free real time charting for all users.
92  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: October 29, 2014, 01:58:58 AM
but you cant store datas on Gold for eternity

Gold is much more physically durable than bitcoin however you slice it.

Only living humans and gold are needed for a running system.

Bitcoin requires quite a bit more complexity to run, strong radiation incident upon Earth could stall it for some time for example.

nor you cant send them on other side of the world almost instantly.

Yes this is a GREAT strength of bitcoin, that I agree wins hands down over gold.
93  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: October 29, 2014, 01:54:00 AM
At the moment gold, bitcoin isnt too strong for now.

Gold presently sells near its average cost of production, how can it be stronger than bitcoin right now? Cool

Bitcoin is also selling at around its average cost of production.

Don't worry both bitcoin and gold will shoot up in the end.... just hold and wait.
94  Other / Meta / Re: Bitcointalk.org and BTC-e hacked? on: October 29, 2014, 01:50:08 AM
Someone may have created a script to scrape all users from here:

https://bitcointalk.org/index.php?action=mlist

And harvest all the public email addresses (yours is set public).

I suspect it's a phish, a real dump would get sold in a more underground manner for more coin than they asked for here.

Yes, a harvesting script is one possibility.

And the message can be a fish.

Selling the data in a more underground manner may have already happened. Wink

It will be interesting to see how this turns out.

A rhetoric question: Should I not have made this post about the message, or should I simply have posted it out without giving any opinions of my own?

It may not be immediately obvious, but I did in fact think several times, whether or not I make this post - first of all because the message may not be real, and secondly because it's a certain way to start a flood of negative comments, which don't exactly bother me but it's still tiresome going through them, possibly ending up in an endless loop of trying to answer questions that are not even meant to be answerable.

In the previous chapter, I'm not referring to the above discussion about harvesting etc. - those are good points. Then again, the possibility of something does not exclude the existence of another, at least until there is actual and factual proof one way or the other. It should be pretty obvious soon; if the sites have really been hacked, it's not going to go unnoticed.

-j.

No worries, it's good to be overly cautious with regard security.

If you make some folk change passwords then that certainly can't hurt.

You don't need to change your handle to "Chicken Little" just yet  Cheesy
95  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ebola Coin launching later this month! on: October 29, 2014, 01:38:48 AM
this is simply to much, i hope you to *** i hope same for the coin.

Jeez you come over like a real crazy cow.

Wassa matter? got some sand in your crack?
96  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ebola Coin launching later this month! on: October 29, 2014, 01:37:44 AM
People dying in such a horrific way is a joke right? Cunt.

Lighten up before the bola catches you (BOO!) the thread is "dark humour".

Edit: ahh, sorry I didn't realise you were a doge fan... carry on... Roll Eyes
97  Other / Meta / Re: Bitcointalk.org and BTC-e hacked? on: October 29, 2014, 01:20:50 AM
That is 100% fake if the got they database for both sites they would not be sending emails to random people trying to sell for that low of a amount considering the BTC-e accounts would have funds in some of them and they woulld just take them rather then selling the database.

I'm not a random person but a bitcointalk.org user.

I have two accounts registered and received two e-mails.

Considering

- how much time it would take to go through all the accounts at BTC-e

- how likely it is that heist of that type would be noticed very soon

and

- how much doing something like that would raise the chances of being caught,

I too might well go for selling the database with a cheap price to a maximum number of people.

I'm still not sure whether or not the message is fake or not, though.

-j.

Someone may have created a script to scrape all users from here:

https://bitcointalk.org/index.php?action=mlist

And harvest all the public email addresses (yours is set public).

I suspect it's a phish.
98  Bitcoin / Bitcoin Discussion / Re: More bad publicity - pay us a million in btc or we spread Ebola on: October 29, 2014, 01:09:00 AM
no publicity is bad publicity  Cool
99  Economy / Trading Discussion / Re: Cortex7 - Bitcoin Trading Software App - Windows, Linux, Mac, Android. on: October 28, 2014, 08:22:34 PM
I am simply clicking the link on my Desktop chrome browser, this is the result:

==
Forbidden

You don't have permission to access /docs/cortex7_user_guide.pdf on this server.

Apache/2.2.22 (Debian) Server at www.cortex7.net Port 443
==


Hope that helps....

Thanks promojo, all bug reports help.

I reproduced using chrome, it works on firefox, will try and fix now...

Works in IE10.  Will use that for now.  Thanks


I don't know what the problem was but I entered Google Chrome settings page and pressed "Reset Settings" (Restore settings to their original defaults).

Now the PDF can be downloaded in Chrome (for me at least).

But I've noticed Chrome still can't download the client executable files. Huh

Trying to download the clients will just fail quietly, and then when you exit chrome its process quietly hangs.
You can't open new chrome instance without forcing old process to end.
C'mon Google... your devs should spend less time sipping lattes in colorful beanbag chairs and more time debugging chrome  Roll Eyes

100  Economy / Trading Discussion / Re: Cortex7 - Bitcoin Trading Software App - Windows, Linux, Mac, Android. on: October 28, 2014, 07:43:16 PM
I am simply clicking the link on my Desktop chrome browser, this is the result:

==
Forbidden

You don't have permission to access /docs/cortex7_user_guide.pdf on this server.

Apache/2.2.22 (Debian) Server at www.cortex7.net Port 443
==


Hope that helps....

Thanks promojo, all bug reports help.

I reproduced using chrome, it works on firefox, will try and fix now...
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