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841  Other / Politics & Society / Re: If Anarchy can work, how come there are no historical records of it working? on: May 29, 2013, 04:04:21 AM
Bear in mind that once upon a time, the communist leadership in China believed that they could teach rice farmers to refine iron and make alloy steel in grass fired clay kilns across the countryside; and that was how they were going to be able to keep those evil capitalist American navies out of their business.
Really?

I mean, I know bureaucrats are out of touch with reality, but this strains credulity.

It's not the bureaucrats' feat, but that of the revolutionaries. Bureaucrats wanted to maintain the status quo, revolutionaries wanted to change(read: impose their ideals of Utopia upon common folks) something, thus the tragedy.
842  Bitcoin / Bitcoin Discussion / Re: Mark Zuckerberg and Bitcoin on: May 29, 2013, 02:49:34 AM
The real problem is: if he is really gonna do something, why Hungary?

And no, it's naive to think that Zuck is stupid enough to spend millions just to screw the Winkleviis, or that he doesn't know that anything he can do will only have temporary effect on Bitcoin and if it backfires it will benefit the Winkleviis hugely.
843  Other / Off-topic / Re: Is Ashish Gulhati, et al., Satoshi Nakamoto? on: May 29, 2013, 01:01:22 AM
You are contradicting yourself, you said he did windows now you say he does linux...

I stand by my position that a "true" programmer can do either, the OS is largely irrelevant these days with linux shells in windows and windows power shell trying to be like linux.  



No, you simply did not carefully read my original post. I said Satoshi was a Windows programmer, while Ashish is a thorough Linux progrmmer(and a very ideological one), so they may not be the same person.
844  Other / Off-topic / Re: Is Ashish Gulhati, et al., Satoshi Nakamoto? on: May 29, 2013, 12:33:15 AM
One counter-evidence: Satoshi seemed to be a Windows programmer, rather than a Linux programmer(which I don't think is an identity he needs to hide, after all there too many out there fit this stereotype)

I'm not sure what this means.  A programmer is a programmer is a programmer.  Programming is completely independent of the machine you code on.  A skilled programmer, like Meng Weng Wong, can move between sun/sgi/windows/linux/osx/cpm/macOS without a hiccup because he is a programmer.  We learned on SUN UNIX equipment, but could just as easily use Dr Badler's SGI array down the hall or the windows PC labs all over campus.  

Linux was invented in the 1990's it is far newer than microsoft's offerings.  It is logical to suppose that anyone over 30 started on a Windows PC rather than a Linux PC and might be fluid in either environment.


Ashish is obviously a thorough and thorough Linux/FOSS hacker with a strong ideological leaning if you check the materials provided by Bruno.
845  Bitcoin / Bitcoin Discussion / Re: Julian Assange and Eric Schmidt talk about bitcoin on: May 29, 2013, 12:26:49 AM
Man, what a disappointment, Eric Schmidt didn't give a shit about Bitcoin.

He does now.

Yes ...  remember, this discussion took place in 2011 ... hopefully things changed from that time ...

Still it's incredible how a guy who is supposed to be a visionary had so little to say about Bitcoin. First time I heard about BTC... It blew my mind, I only had questions in my head and I had the urge to read more and more about it. It's so revolutionary, so game changing... That I'm starting to doubt Eric is such a "visionary" after reading his super-cold reply to Assange's explanation of Bitcoin.

I think it's quite the other way around, millions of people coming up with millions of supposedly "revolutionary" ideas each day(just check how many are out there in this forum), there is simply too much noise in this whole mess, so instead of following the information stream everyday, he somehow decides, like many who has done before him, to rely on people he considers smart to introduce him to the "real deals", and from the transcript it seems to be be exactly his purpose of visit to Julian Assange(both Schmidt and Assange were both good computer scientists and programmers, FYI), now Schmidt has recognized Bitcoin's technical merits and called it a "tour de force".

Also what must be pointed out is Bitcoin's mathematical brilliance is out of the reach of normal human beings who do not normally follow the progress of cryptography(which Assange does), so Schmidt needs Assange to "digest" it a bit to explain to him.
846  Bitcoin / Bitcoin Discussion / Re: Julian Assange and Eric Schmidt talk about bitcoin on: May 28, 2013, 04:10:27 PM
Man, what a disappointment, Eric Schmidt didn't give a shit about Bitcoin.

He does now.
847  Other / Meta / Re: Forum ads now blocked by AdBlock Plus EasyList on: May 28, 2013, 02:08:56 PM
I like the ads, actually I would like to see more, it's not possible to follow up on every new Bitcoin business, so the ads are a way for me to know what's going on in the economy.
848  Bitcoin / Press / Re: 2013-05-28 OkPay Suspends BitCoin Processing on: May 28, 2013, 12:57:29 PM
Why don't exchanges start accepting Webmoney payment? Wait...you can just buy Bitcoins on Webmoney itself...
849  Other / Off-topic / Re: Is Ashish Gulhati, et al., Satoshi Nakamoto? on: May 28, 2013, 11:38:13 AM
One counter-evidence: Satoshi seemed to be a Windows programmer, rather than a Linux programmer(which I don't think is an identity he needs to hide, after all there too many out there fit this stereotype)
850  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple or Bitcoin on: May 28, 2013, 11:23:11 AM
It's interesting that the people arguing against ripple are the ones who stand most to lose, their main fear is that other people would choose XRP as speculative investment over Bitcoin.

Let's quote here, shall we.

Quote
Problem 0. First, to get some nonsense out of the way. A system of colored coins, a p2pexchange or somesuch does not necessarily constitute competition for MPEx.

It's not the case that I'm stuck in the present model, threatened by anything and everything coming along. It's the case that I sit comfortably at the top of the chain. If I believe at any point there is value or use in them I can just... take... them. If experience is any guide, I shall take them the next day. Either, both, something similar. Further along those lines, MPEx makes plenty each month, certainly enough to afford it development of anything it wishes developed. To spec, by a competent team if need be.

So, if I say no it's not because of any other reason than simply the obvious : I do not believe them to be either useful or practical. Which allows us to move on to a discussion of that, which I hope will be instructive.

MPEx makes more in a good month than the entire value of "VC" investment in all of Ripple. That's right, all Katz&Shill co labor added together is nothing compared to what MPEx makes. Not even going into the financial subtleties of what it means to be valued in the 700k BTC range.

So, no. Mr Bear doesn't say Miss LittleShitInTheRain is worthless because he's threatened by it. He just doesn't feel it appealing. Because it stinks.

In other words, why do poor loosers believe that if it had really been a worthwhile investment, people who are much more resourceful than them could only watch helplessly as the s**ers becoming rich, rather than taking over the market?

Quote
Yeah, tell me more why should I stop using IOUs issued by at least somehow legally regulated corporations, and join the happy lawless Ripple family.

Just look how great this works in practice.

Intersango is dodgy, but it stands in shame at the sheer level of dodginess that Ripple manages to achieve.

851  Bitcoin / Press / Re: 2013-05-23 RT Prime Interest: Next Generation Bitcoins with Ripple on: May 28, 2013, 01:16:08 AM
I think they can take all their pre-mined coins and their centralized infrastructure and piss off now.

Centralized, *closed source* infrastructure.

Fixed That For You.

What?  The code source has not been released yet?!   How long can you say you do something and do the opposite until people say you're a liar?

Another piece of new for you: the Ripple server/validator program called rippled, whose source code is withheld from release, is not available for downloading, instead the binary is provided on a "invited-only" basis. Wink
852  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple or Bitcoin on: May 27, 2013, 03:42:23 PM
Yeah, tell me more why should I stop using IOUs issued by at least somehow legally regulated corporations, and join the happy lawless Ripple family.

You shouldn't! Ripple users need to use the same level of care and discrimination choosing a gateway as they do in choosing an exchange (I think the wiki makes the clear, at least...I hope it does!)

There's significant overlap between gateways and exchanges. A Bitcoin exchange makes the perfect candidate for a gateway since they already perform the same functions. Ripple uses the term "gateway" as opposed to exchange because a gateway does more - it's IOUs can be traded in a decentralized fashion. Note that I'm not saying that the gateway itself is decentralized, they still represent a server where activity takes place (i.e. web interface to your Bitstamp account). But the IOUs are (there's still counterparty risk though).

Anonymous gateways are a bad thing! You want to make sure that you use a gateway which is a registered business, preferably in your jurisdiction. They should also have a good reputation.


tl;dr No need to use Ripple, just stay with banks/exchanges.
853  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple or Bitcoin on: May 27, 2013, 03:23:49 PM
I'm betting on Ripple

I'm betting on both! They are two completely different systems with different use-cases. The cryptocurrency pie is incredibly large and Ripple does not detract from Bitcoin nor vice versa. In fact, Ripple makes the pie larger!

Even though I can't stand the alt-coins, it is interesting that Ripple will also benefit the alt-coins since it will make them more liquid. You'll be able to spend your litecoins at any merchant that currently accepts bitcoin, when bitcoin "bridges" appear on the Ripple network.

What I keep saying, which unfortunately gets drowned out in the chorus of "scam, bla bla" is that Bitcoin users already have to extend trust! Except for the very few who don't use an exchange... See:




Excellent graphic and I heed your point.  I do believe it's possible, and have said so on more than one occasion, that Ripple is good for Bitcoin.  That the Bitcoin owners will look at their wallets value soon and say, "Thank [enter diety] for Ripple."  

I simply have personal reasons why in the end, my speculation is that only one will survive.  It doesn't make it true, it doesn't make it the goal of OpenCoin or Ripple, it just makes it my opinion.  

Yeah, tell me more why should I stop using IOUs issued by at least somehow legally regulated corporations, and join the happy lawless Ripple family.
854  Bitcoin / Press / Re: 2013-05-23 RT Prime Interest: Next Generation Bitcoins with Ripple on: May 27, 2013, 03:10:04 PM
http://ripplescam.org/ makes a pretty convincing argument.

Ripple does have some very cool features but I feel the deception about being open source while actually being closed plus the huge pre mine has killed the project before it ever really got started. We gave serious consideration to adopting this coin in our small casino but were swayed against doing so but arguments summed up in the site posted above.

What does it offer more than a WDC(instant confirmation) with all coins mined in the genesis block(XRPs and no need to worry about discarded blocks) and colored coins implemented into the client(IOUs) can do?
855  Economy / Trading Discussion / Re: SEPA/Banking Forum? on: May 27, 2013, 02:27:06 PM
For a highly resilient/sufficiently paranoid exchange system, the bank transfer must be carried out between buyers and sellers, rather than service providers and buyers/sellers, too many activities on a single account(personal or business) and you will be suspected.

basically in a nutshell if you want to buy bitcoin for investment legally using bank wire transfers then use a exchange that has all of the licences for AML KYC. if your a SR user wanting no paper trail, just requiring 1-2 bitcoins. search localbitcoins.

if there were no shady fiat exchanges, and every exchange followed regulations there would be no problems.

banks are not after bitcoin. they are just after risk free movement of their beloved FIAT that cannot be linked to a criminal act. so they need to account for every penny's movement through the electronic networks of fiat.

I would say their biggest concern is probably to be able to reverse or hide anything they have done so they can away, thus they still refuse to implement digitally signed proof of transfer.

One noble and honored tradition that comes from the original Bitcoin design is the maximal paranoia principle, development which following this principle should be encouraged, after all you can never eliminate the possibility that the local guy selling you BTCs is an informant of FBI.
856  Bitcoin / Project Development / Re: [ANN] Bitprivacy - decentralized trustless privacy on: May 27, 2013, 11:49:30 AM
I get an urge to get everyone to see it.... Wink

Thanks OP, I will definitely take a look when I am free, and will donate if it work as expected.

Thanks again.
857  Economy / Trading Discussion / Re: SEPA/Banking Forum? on: May 27, 2013, 10:14:09 AM
For a highly resilient/sufficiently paranoid exchange system, the bank transfer must be carried out between buyers and sellers, rather than service providers and buyers/sellers, too many activities on a single account(personal or business) and you will be suspected.
858  Economy / Service Discussion / Re: Ripple is excellent, but short-sighted. on: May 27, 2013, 09:55:20 AM
"Fairness" is about you do as much as you can, with your current resource, to get the access to your currency out to as many people as possible, Opencoin can at the blink of an eye start giving away all of their XRPs(or even better, sell them!), yet they refuse to do that.

Well If opencoin gives away this many XRP not only they gonna run out sooner than it would take for ripple to become popular, but also the wealth would be concentrated within this community which I don't think they want.

Or probably they should have designed differently, at least making a valid attempt at fairness so that people can be confident that they are in for the betterment of the network, rather than "pump and dump", right now it just look dodgy in every way.
859  Economy / Service Discussion / Re: Ripple is excellent, but short-sighted. on: May 27, 2013, 09:37:52 AM
Just sain' Satoshi also generated a bunch of Bitcoins for himself.


Keyword ^


Ripple = type 1 and 0's into variable.

Big difference.

Technically yes, but for practical purposes the cost of generating them stands in no relation to the effort it took to come up with Bitcoin and write the software.
The general consensus is that Satoshi has "earned" to have them not because his mining but because his work.

All you can say that you think opencoin is too greedy for your taste. In that case you are free to fork ripple once it is released.
As for myself I consider the valuation of XRP to work like a stock which pay "dividends" by deflation. Added to this I didn't give anybody any money nor did I pay for my XRP, which I gonna keep till ripple comes out of beta.
Haters gonna hate,

You know what, you could have mined all those 1 million bitcoins, and leave not even bread crumbs to Satoshi, this is called "fairness".

And I don't hate XRPs, I just think it's a suckers' investment, you can ask any investor out of this community if they are going to invest in something which a single entity controls 10 times more than everyone else combined, they will call you crazy.

If I did know about and were subscribed to the cypherpunks mailing list, had the knowledge to implement a miner and the necessary computing resources.

If a train is about to leave, it would be fair enough for the train operator to put the timetable at somewhere publicly visible, they have no duty to pay big bucks to the post office to have the table mailed to everyone's home, in fact, I doubt if they had done that, you would probably still had thrown it into the trashcan, consider it spam-mail.

"Fairness" is about you do as much as you can, with your current resource, to get the access to your currency out to as many people as possible, Opencoin can at the blink of an eye start giving away all of their XRPs(or even better, sell them!), yet they refuse to do that.
860  Economy / Service Discussion / Re: Ripple is excellent, but short-sighted. on: May 27, 2013, 09:13:51 AM
Just sain' Satoshi also generated a bunch of Bitcoins for himself.


Keyword ^


Ripple = type 1 and 0's into variable.

Big difference.

Technically yes, but for practical purposes the cost of generating them stands in no relation to the effort it took to come up with Bitcoin and write the software.
The general consensus is that Satoshi has "earned" to have them not because his mining but because his work.

All you can say that you think opencoin is too greedy for your taste. In that case you are free to fork ripple once it is released.
As for myself I consider the valuation of XRP to work like a stock which pay "dividends" by deflation. Added to this I didn't give anybody any money nor did I pay for my XRP, which I gonna keep till ripple comes out of beta.
Haters gonna hate,

You know what, you could have mined all those 1 million bitcoins, and leave not even bread crumbs to Satoshi, this is called "fairness".

And I don't hate XRPs, I just think it's a suckers' investment, you can ask any investor out of this community if they are going to invest in something which a single entity controls 10 times more than everyone else combined, they will call you crazy.
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