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How _exactly_ would you pronounce that?
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What happened November 2010? Anyone remember?
When did Gavin present at the CIA? I had forgotten about Bitcoin between summer 2010 and the bubble...
Addendum 4/27/2011 is when Gavin posted he would preset at the CIA.
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The third time, Casascius is Satoshi Nakamoto. Everything from timing to ability, style and motive matches.
But I or anybody else can't prove it, so it might as well be somebody else or multiple people.
I remember a thread Casascius started, way back when, about his idea for Bitcoin 2.0 (because of the early adopter having too many easily gained Bitcoins). His idea had something to do with the block reward being based on difficulty, and you would be able to convert your Bitcoins into Bitcoin 2.0 by destroying them. The early low difficulty coins would exchange for fewer Bitcoin 2.0 and the later high difficulty coins would exchange for more. This is all going from memory, apologies if I made a mistake somewhere. Anyway, I suppose his motive for making such a suggestion and being so adamant about it (at the time) was to help hide his identity? I also remember when he quit Bitcoin because of perceived conflicts with his profession (something about handling payrolls). I guess that was a clever ruse as well! Edit: It wasn't Bitcoin 2.0, it was something like Bitcoin+. I don't think Mike is Satoshi...lol. Mike is a guy with a well known full name and address. Sure, he's clever, but clearly we have lots of clever folks in our community and we don't think them all to be Satoshi. Also, I presume Satoshi is rich. If Mike were rich, he would hire people to write his code  |
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Most of the developers - myself included - have an income unrelated to Bitcoin. Though few would refuse a donation for our work, I myself never expected any payment for it. I work on what I like to, and if that benefits the community, so much the better.
Gavin however has worked on Bitcoin full-time since a long time, without any other income, and at least in my opinion he does a great job. Certainly it shouldn't be this foundation's only purpose, but I see no harm in making sure he can keep working on this project.
+1That's the main reason I joined... |
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Because Bitcoin is like cash and kinda anonymous, it's up to real people to decide to engage in real transactions using as much of an accountable and real identity as they'd like. It's tough to have anonymity and accountability at the same time and we have plenty of non-accountable scams to show for it. It will take some time for people to figure out a good way to do Bitcoin business without being so open to fraud and (hopefully) not having to completely identify themselves...
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Sweet design Mike. I like the graph as opposed to the old formula for a probability distribution...more people will get this concept.
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Having forgot about this fiasco, I wrote a simple iOS app called myBitcoins to keep track of my offline addresses. Oops Anyhow, it's on the AppStore for a buck (see sig). |
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The answer is simple: they have their own coin. They don't believe in store of value or permanent reward for work. They have their own demurage currency http://en.wikipedia.org/wiki/Demurrage_(currency) called
Freicoin: Bitcoin with demurrage. Basically, money not spent decreases in value to encourage spending and decrease people saving money and getting rich. ADDENDUM: didn't realize this thread started october 12, last year! |
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Did anyone really not see this coming? I mean, can you really think of Bitcoin becoming big without a foundation?
Yes, by virtue of being useful and consequently used for commerce. If the Foundation does right by the current community, they will basically grease the wheels to further the use of bitcoin for commerce as well as to combat negative press and regulatory maneuvers regarding btc. But it's plausible that btc would become big without such a Foundation. Currency is the biggest ponzi scheme of them all...there is no way governments are just gonna let this happen...we need people to be well equipped to defend Bitcoin and we need to organize now...otherwise, I fear Bitcoin will be crushed before it gets big... |
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http://research.microsoft.com/pubs/156072/bitcoin.pdf
The article does raise a very serious point (oversight) in the bitcoin protocol -- suppose I put a high transaction fee on my transaction because I want it verified quickly....and the first node that I send to (and let's say the only node I can connect to) see that high fee, why would that node send the transaction to other nodes rather than spend a few weeks trying to include it in a block that it solves itself (and hence collects the fee)? Receiving nodes have no reason to forward transactions on, and in fact, have an incentive to not forward paying transactions. That to me sounds like a big deal...you don't want each client to have to purposefully connect to thousands of nodes to broadcast transactions to get a decent confirmation time...that's not very p2p Strange, I haven't heard of this problem playing out in practice. I doubt it would...there are like....uhh...no significant transaction fees...right? addendum -- nothing compared to the block reward, that's for sure... To be clear, this disincentive to not broadcast applies to mining nodes, right? Personally, I just run the Bitcoin qt client and have no reason to stop transactions from being broadcast. yup..you're a good Bitcoin citizen |
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http://research.microsoft.com/pubs/156072/bitcoin.pdf
The article does raise a very serious point (oversight) in the bitcoin protocol -- suppose I put a high transaction fee on my transaction because I want it verified quickly....and the first node that I send to (and let's say the only node I can connect to) see that high fee, why would that node send the transaction to other nodes rather than spend a few weeks trying to include it in a block that it solves itself (and hence collects the fee)? Receiving nodes have no reason to forward transactions on, and in fact, have an incentive to not forward paying transactions. That to me sounds like a big deal...you don't want each client to have to purposefully connect to thousands of nodes to broadcast transactions to get a decent confirmation time...that's not very p2p Strange, I haven't heard of this problem playing out in practice. I doubt it would...there are like....uhh...no significant transaction fees...right? addendum -- nothing compared to the block reward, that's for sure... |
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http://research.microsoft.com/pubs/156072/bitcoin.pdf
The article does raise a very serious point (oversight) in the bitcoin protocol -- suppose I put a high transaction fee on my transaction because I want it verified quickly....and the first node that I send to (and let's say the only node I can connect to) see that high fee, why would that node send the transaction to other nodes rather than spend a few weeks trying to include it in a block that it solves itself (and hence collects the fee)? Receiving nodes have no reason to forward transactions on, and in fact, have an incentive to not forward paying transactions. That to me sounds like a big deal...you don't want each client to have to purposefully connect to thousands of nodes to broadcast transactions to get a decent confirmation time...that's not very p2p
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Why is Mr. Olesen getting castigated for his lack of English skills? Please lay off Mr. Olesen, he deserves congratulations for his ideas and his innovative thinking. In short: Congratulations not castigation Just like: Innovation not agitation. +1. Seriously? Profound ideas and some issues with English...and people want to talk about the English? tards... |
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Furthermore, I consider that we should use Ƀ as the official Bitcoin symbol.
I second the motion...we can wait 5-10 years to get back to the B||...but we need a killer logo to introduce the B- symbol... Logo Design Contest by Coinabul |
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Watching development here in the keypair generation space.
I want these things to be disposable after use for maximum security.
maximum security would be open code...not necessarily your being able to trash the device |
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I don't think it's an issue of acceptance...it's an issue of fact vs. opinion...
When opinion goes against fact, that's an acceptance issue.  typically one couples data with claims of fact... (a link to a wiki site is not my idea of high quality data, just sayin...) |
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Ebay takes bitcoins?!!?!??
not to my knowledge |
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Everyone is waiting for the 12th.
which will turn into the end of the month... Did I miss something? what happens on the 12th? on the 17th of september pirate said the earliest he could pay out was october 12th...there are some paste bin links in the thread list... |
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Well I finally became a bit security conscious and have searched for anything I can find about how to create a secure savings wallet and I really don't like any of the answers available.
I don't like paper wallets because I don't want to print anything on a paper and I don't like liveCDs because I don't want to download the entire blockchain every time I want to spend from my savings wallet I also don't like a brainwallet because it exposes me to the risk of being robbed while entering my pass phrase when trying to spend from it.
Is there really no option to simply have a USB drive that I can pop in, before doing so restart my laptop, boot the USB and have a ready to go client and wallet with a connection ready and free of any worry of getting hacked?
These are my conditions for what I'd like to use:
-I want it in a digital form, preferably on an encrypted USB stick
-I want to be able to use it with my primary and only laptop (needing to reboot my laptop is fine)
-I want to be able to at least send myself an email with an address where to send the coins to and be safe doing so or use some other way of copy/paste
-I want to spend from my savings wallet without having to download the blockchain
buy a casascius BTC1 coin, peal it, take a digital picture of the private key and first bits, copy the jpeg to a secure/encrypted SD card (easy to do on Mountain Lion)...use MtGox to cash in the private key and send to a new address... Seriously? Put my savings in an address someone definitely already saw the private key for? You must be joking. s/casascius/your own easily generated key pair/g |
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