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961  Economy / Service Announcements / Re: [ANN] Coinapult - send Bitcoin over email in seconds on: April 13, 2012, 12:05:02 PM
Q: Do you support sending PGP/GPG - encrypted emails ?
962  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 12, 2012, 02:32:40 PM
The Bitcoin currency – an online, anonymous currency, ‘mined’ by computing power – was fraught with problems from the start. Bitcoin’s supporters champion that it’s ‘safe from the instability of fractional reserve banking‘. Hardly. Bitcoin has proven to be a volatile currency, with only a tiny market for goods and services, no available deposit insurance, no use offline, and no central authority to calm rough markets.

They are afraid. Good.
963  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 12, 2012, 10:22:16 AM
He's obviously confused.  He thinks it will be anonymous.  And he thinks it will be useful for large transactions.

1. Clearly, the technology is not open source
2. It is not decentralized.

End of story. This is in no way competition to Bitcoin at all.
It only may be useful as a suplement to Bitcoin.

964  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 10, 2012, 05:52:22 PM

Let's consider a scenario. Let's assume that FBI/CIA/Other US govt agencies start a new supercomputer, and gain 60% in one day.
But there is no action without reaction. China & other countries who don't like USA immediately assume, that Bitcoin is probably a danger to US dollar and because China really wants to get rid of dollar, they put one of their newly built supercomputers into mining Bitcoins, so dollar will fall even more quickly.
Also, other "wild" miners join the game - some (ideological) to protect Bitcoin, but most because USA admitting that Bitcoin is dangerous confirms that is it valuable. So not only the attacker's network share drops below 40 or even 30%, but Bitcoin value skyrockets.

Now that I read your cogent argument, I'm convinced that China will step in to save the network. The network is not in danger at all and never will be. Hats off.



(Well i guess I'm not used to people giving up so quickly in long discussions, but that's OK too)
965  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 10, 2012, 05:28:25 PM

 There's just not a whole lot of damage you can actually do with 51% of the hashpower. Block other people's transactions? The transactions will get through the instant you lose your 51%.

Why would the attacker stop the 51% attack? Say you are Paypal or VISA or a government agency. Destroying the network is like squashing a bug. You built up 51% to destroy the network. It is a pretty fucking trivial investment from your perspective. Maintenance cost of the attack is trivial. There is just the upfront capital cost. In addition, by selling on the way up or postponing the attack date, the investment partially pays for itself.  Why would the attacker allow someone else to recapture 51%?  Why would anyone invest the resources necessary to recapture the network from a determined attacker? It is not likely to work since the attacker can invest resources too. Even if the martyr is successful, then he will still have wasted a large amount of money. I am skeptical that anyone will fuck themselves royally to save the currency.

The network's days are numbered.

1. You completely ignore sociological & geopolitical aspects of such an event. Such a large operation would be a direct proof that Bitcoin is a danger for current establishment, which could cause MASSIVE surge in publicity for Bitcoin, which would bring a lot of new people into mining business.

Every action has a reaction, you simply CANNOT ignore that.

Let's consider a scenario. Let's assume that FBI/CIA/Other US govt agencies start a new supercomputer, and gain 60% in one day.
But there is no action without reaction. China & other countries who don't like USA immediately assume, that Bitcoin is probably a danger to US dollar and because China really wants to get rid of dollar, they put one of their newly built supercomputers into mining Bitcoins, so dollar will fall even more quickly.
Also, other "wild" miners join the game - some (ideological) to protect Bitcoin, but most because USA admitting that Bitcoin is dangerous confirms that is it valuable. So not only the attacker's network share drops below 40 or even 30%, but Bitcoin value skyrockets.

2. Increasing inflation by sunsetting old coins is in no way solution to this.
So your entire reply is decidely not on topic (as is mine, unfortunately).
966  Other / Meta / Re: What happened to https://bitcointalk.org? on: April 09, 2012, 07:22:37 PM
Perhaps some ad servers are supplying unencrypted content.
Using adblock might help.

Also check out the fingerprint. Correct is 7D.3D.6A9495E4EE23C7A7C590BE1B3750BA84.D3.34 - SHA1 (i added the dots)
967  Bitcoin / Bitcoin Discussion / Re: Bill Barhydt of m-Via will be giving TED talk on Bitcoin on: April 09, 2012, 06:08:07 PM
* ShadowOfHarbringer is watchng this.
968  Other / Meta / Re: What happened to https://bitcointalk.org? on: April 09, 2012, 05:59:44 PM
https://?

Works for me ?
969  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 09, 2012, 03:02:07 PM
What I want is a solution to the problem discussed in this thread. I'm not sure how what you're suggesting would accomplish that.

But there is _NO_ problem. And there is _NO_ hard evidence that it will become a problem.
970  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 09, 2012, 02:59:24 PM
I would put this in much stronger terms. The theory unambiguously indicates that changing from block reward to txn fees will fail under the current design unless mining becomes monopolized.

We will return to this topic in 30 years, when it will be possible to verify these claims.

For now, stick to the matter at hand. And the matter is, we don't need any fix for a problem that neither does exist yet or it is certain it will ever exist.

My guess is that a single entity will acquire 51% sometime during the next block reward cycle. (that is during the period when the block reward is equal to 25, starting in December of 2012). If the individual is malicious (admittedly unlikely), the developers will likely be taken by surprise and won't have time to save the blockchain.

51% attack won't destroy the blockchain...
Also 51% is actually not enough to perform massive scale attack. You should have few percent more, which is highly unlikely (for example, if deepbit became the adversary, large percent of users would stop using it instantenously).

And we already have a contermeasure against 51% attacks - decentralized mining pools. If only people used them more often.

So increasing inflation by any means is not necessary. What kind of solution is that ? This is common thievery, nothing else.
971  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 09, 2012, 12:55:17 PM
I would put this in much stronger terms. The theory unambiguously indicates that changing from block reward to txn fees will fail under the current design unless mining becomes monopolized.

We will return to this topic in 30 years, when it will be possible to verify these claims.

For now, stick to the matter at hand. And the matter is, we don't need any fix for a problem that neither does exist yet or it is certain it will ever exist.
972  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 09, 2012, 01:59:32 AM
Though I would point out here that at some point in the future we may find that we need to upgrade cryptosystems for security reasons... and that if we don't _eventually_ deny the spending of coins sent to the old insecure system then we could well find that enormous deposits of zombie coins suddenly appear due to cracking and that their rapid unexpected introduction into the economy is very much not what anyone signed up for and could be disruptive.   So it would make sense to sunset insecure transactions.

I see yuur point, but you are not entirely on topic.

The topic author is not suggesting to "sunset" coins for security reasons, but for some bullshit semi-inflational reasons, which is plainly wrong and destroys the sancrosanct rules of Bitcoin as Gavin said.

Once the cryptography behind Bitcoin gets broken, I am sure that majority will agree that something needs to be done about old, insecure coins. In that case, i suppose it would be possible to re-hash the old coins somehow with new algorithm by sending them to a upgraded address using upgraded client.

But that is a matter for completely different discussion.
973  Other / Politics & Society / Re: Most of influential IT companies support SOPA 2, what to do about it ? on: April 08, 2012, 11:14:23 PM
heh, i will be out making tutorials on how to use tor...

But we need to protect the children ! TOR is a tool used only by pedophiles. So TOR should be banned & deep-packet-inspection filtered out of the internet.
Don't you want to protect the children ? Or perhaps you are some kind of pervert ?

---
Oh, i forgot to add that using cryptography should also be banned alltogether (for the common man at least).
Specialised organs willbe providing licenses for using cryptography only for people who are thoroughly tested against pedophilia, perversion, schizophrenia and other mental disorders.

After all, if you are a good person, then you have nothing to hide, don't you ?

[/irony off, in case somebody didn't get it]
974  Other / Politics & Society / Most of influential IT companies support SOPA 2, what to do about it ? on: April 08, 2012, 11:02:37 PM
See what major US corporations and business associations have to say about the new bipartisan
'Cyber Intelligence Sharing and Protection Act of 2011'
Letters in Support
AT&T
Boeing
BSA
Business Roundtable
CSC
COMPTEL
CTIA - The Wireless Association
Cyber, Space & Intelligence Association
Edison Electric
EMC
Exelon
Facebook
The Financial Services Roundtable
IBM
Independent Telephone & Telecommunications Alliance
Information Technology Industry Council
Intel
Internet Security Alliance
Lockheed Martin
Microsoft
National Cable & Telecommunications Association
NDIA
Oracle
Symantec
TechAmerica
US Chamber of Commerce
US Telecom - The Broadband Association
Verizon

So unless some serious event on a massive scale happens, we're doomed.
Are people of the world going to become slaves of a new generation of world-wide fascism ?

The future doesn't seem very bright for personal freedoms. Can anything at all be done about it ?
Will we be telling our children that once wa had the thing called "internet" where everybody could share stuff and communicate freely ?
975  Other / Politics & Society / Re: The news lies on: April 07, 2012, 09:32:29 PM
"The news lies"

In other news: water is wet and fire is hot.
976  Bitcoin / Mining / Re: PCI-E 1-to-7 extension card, anyone tried? on: April 07, 2012, 09:23:51 PM





977  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 07, 2012, 08:10:58 PM
I seriously invite all those who want change the rules to make their own currency.
(In case that was directed, in part, at the proposed solutions to the uncertainty/massive overnight inflation problem:)
Do you seriously think that a fork that introduces short term (mostly emotional) discomfort to solve a potential long term problem would have any chance of catching on?

Yes, I seriously believe that when you make something good, and it is free and open source, people will come and support you.
That is the way Free Software works, it always has been this way since the dawn of GPL and Linux. This time is not different.

So just make a better currency, advertise it, publish a whitepaper like Satoshi did, and repeat the success of Bitcoin. If your conception is worth it, people will follow. It is that simple.

But perhaps the problem is, that the conception is not worth it, and this is why stealing other people's money through "wallet heartbeats" or some inflationary bullshit will fail.
978  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 07, 2012, 05:40:35 PM
Voting no at all.

Seriously people, stop trying to mess with people savings. We want bitcoin because it give us sovereignty on money, and you propose to happily remove that exact thing? No.
The moment someone starts to mess with my savings, I'm leaving this boat - and so will do many big players (Assuming of course that chain split wouldn't occur first).
Don't worry, they don't have any chance to win Smiley

I am pretty sure they don't.

However I am also assuming that CIA/FBI/Political Establishments/Whatever already have agents on the forum (after all they openly admitted their interests in Bitcoin) who will (probably) use every occasion to spread FUD, misinformation & propaganda.

You never know who are you talking to or how many of them is already here. So it is important to stop inflationist lies sooner than later.
979  Bitcoin / Development & Technical Discussion / Re: A proposed solution to adjust for lost Bitcoins: wallet 'heartbeats' on: April 07, 2012, 05:24:58 PM
Voting no at all.

Seriously people, stop trying to mess with people savings. We want bitcoin because it give us sovereignty on money, and you propose to happily remove that exact thing? No.

+∞

The moment someone starts to mess with my savings, I'm leaving this boat - and so will do many big players (Assuming of course that chain split wouldn't occur first).

I seriously invite all those who want change the rules to make their own currency. I actually think there is a need for another inflata-coin in parallel to normal Bitcoin. But chainging the rules of this environment is absolutely out of the question.
980  Bitcoin / Bitcoin Discussion / Re: The Royal Canadian Mint just announced a new alternative to BitCoin on: April 06, 2012, 08:38:41 PM
Quote from: 2012 Royal Canadian MintChip Challenge Official Rules
2.6 In addition, any individuals, teams, Organizations or Large Organizations with the intention of reverse engineering the SDK, the MintChips and/or the Remote MintChips are expressly excluded from Competition. The Sponsor and the Administrator reserve the right to exclude such individuals, teams, Organizations or Large Organizations at their sole discretion and at any time, whether the risk of reverse engineering is real or perceived.
- http://mintchipchallenge.com/rules

Not only do they not publish a protocol specification or source code: they prohibit third parties form doing the same. That (IMO) can mean only one thing: Security relies on "Copy Protection" Built into the SD card. In this case, CPRM with device revocation.

Correct.
To compete with Bitcoin, any new virtual currency needs to open its sources first.

Not opening sources immediately means that we cannot trust the currency creator. The conclusion is that this is another fiat money produced by another government, but this time it looks that they want to create a fully digital currency.

However it will be a lot of fun to observe as they get reverse engineered by hackers/cryptographers around the world and fail.
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