A government attack is a significant risk. Think about China: they have the resources to pull off the heinous deed.
I should apply XKCD's famous "$5 wretch" argument here: if an authoritarian government wants to screw you, there are much easier ways to do it than a 51% attack, otherwise if they want to play, they would be very careful to not tip the balance. Like what? Shutdown ASICMiner and Avalon, arrest everyone and scare the daylight out of all the remaining Chinese miners. That's far from the destruction of Bitcoin. They can do what they want in China, but not the rest of the world. No, per the status quo it would have the same effect: right now there is no viable ASIC producer out of China(BFL honestly is not there yet), if there will be at least one in the future, whatever China will do doesn't matter, people can just switch to the out of China producers. If there will not, then the "$5 wretch" attack still works. Even if there were no more ASICs produced, the current nodes would maintain the network. You didn't get me: the "$5 wretch" attack applies because had the CCP wanted to 51% attack the network, the easiest way to do it would be to arrest the ASICMiner/Avalon people for things like tax evasion, and confiscate all their blueprints, drawings, VHDL programs, manufacturing equipments so that they can easily replicate their own ASICs. Why buying/developing your own when you can get them for much cheaper? Besides, given how competent friedcat has been demonstrated to be, it's most possible that he has already correctly assessed the risk. OK. That's another whey they could pull off a 51% attack. It would be so visible that it makes no sense to pull it off at all. Why would they care about visibility? Bitcoin's not a national currency. If they don't care about publicity, I believe they would do it my way, as long as everyone is safe and sound, no need to worry. If they do care, then they would not pull off a 51%. Of course there are all under the condition that China is not interested in Bitcoin itself. Also, it needs to be pointed out that Bitcoin is great because it doesn't care about your political ideology, cultural background, social status and whatsoever, everyone can benefit from it other than possibly the staunchest banking system supporters, it's best not to make too big a fuss out of this if we don't have hard evidence. |
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A government attack is a significant risk. Think about China: they have the resources to pull off the heinous deed.
I should apply XKCD's famous "$5 wretch" argument here: if an authoritarian government wants to screw you, there are much easier ways to do it than a 51% attack, otherwise if they want to play, they would be very careful to not tip the balance. Like what? Shutdown ASICMiner and Avalon, arrest everyone and scare the daylight out of all the remaining Chinese miners. That's far from the destruction of Bitcoin. They can do what they want in China, but not the rest of the world. No, per the status quo it would have the same effect: right now there is no viable ASIC producer out of China(BFL honestly is not there yet), if there will be at least one in the future, whatever China will do doesn't matter, people can just switch to the out of China producers. If there will not, then the "$5 wretch" attack still works. Even if there were no more ASICs produced, the current nodes would maintain the network. You didn't get me: the "$5 wretch" attack applies because had the CCP wanted to 51% attack the network, the easiest way to do it would be to arrest the ASICMiner/Avalon people for things like tax evasion, and confiscate all their blueprints, drawings, VHDL programs, manufacturing equipments so that they can easily replicate their own ASICs. Why buying/developing your own when you can get them for much cheaper? Besides, given how competent friedcat has been demonstrated to be, it's most possible that he has already correctly assessed the risk. OK. That's another whey they could pull off a 51% attack. It would be so visible that it makes no sense to pull it off at all. |
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So instead of a turbo genius, this guy considers it a more plausible explanation that he is a super-duper turbo genius.  |
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A government attack is a significant risk. Think about China: they have the resources to pull off the heinous deed.
I should apply XKCD's famous "$5 wretch" argument here: if an authoritarian government wants to screw you, there are much easier ways to do it than a 51% attack, otherwise if they want to play, they would be very careful to not tip the balance. Like what? Shutdown ASICMiner and Avalon, arrest everyone and scare the daylight out of all the remaining Chinese miners. That's far from the destruction of Bitcoin. They can do what they want in China, but not the rest of the world. No, per the status quo it would have the same effect: right now there is no viable ASIC producer out of China(BFL honestly is not there yet), if there will be at least one in the future, whatever China will do doesn't matter, people can just switch to the out of China producers. If there will not, then the "$5 wretch" attack still works. Even if there were no more ASICs produced, the current nodes would maintain the network. You didn't get me: the "$5 wretch" attack applies because had the CCP wanted to 51% attack the network, the easiest way to do it would be to arrest the ASICMiner/Avalon people for things like tax evasion, and confiscate all their blueprints, drawings, VHDL programs, manufacturing equipments so that they can easily replicate their own ASICs. Why buying/developing your own when you can get them for much cheaper? Besides, given how competent friedcat has been demonstrated to be, it's most possible that he has already correctly assessed the risk. |
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Alt chain panel was interesting:
Crazy rabbit and Coblee in my opinion did great. The FRC and ripple reps in my view did not. Lots of unanswered questions on their "currency" of choice.
FRC coin supply is in the hands of a few. Same for ripple.
Ripple is a company. It has a booth here at the conference. It claims it is decentralized and soon to be open sourced.
My main question to ripple supporters is what is to stop a government from going to their office(s) and shutting their system down?
Acutally, Ripple has way bigger problems than a danger of possible government raid. What's bigger than having it be shut down ? Reputation as a scammers have? Lol FEDs must be jealous now, even in their wildest wet dream they would not create something like XRP: no need to release data about total money in circulation, and distribution: Opencoin could just giveaway however many XRPs to whomever they like, and possibly no one will find out. And most importantly, the possibility to print more and create inflation without even being found. Maybe they just think "How about we take no action and see how much suckers' money this thing will siphon off, so that we may improve our Ponzi scheme in a similar way?" |
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A government attack is a significant risk. Think about China: they have the resources to pull off the heinous deed.
I should apply XKCD's famous "$5 wretch" argument here: if an authoritarian government wants to screw you, there are much easier ways to do it than a 51% attack, otherwise if they want to play, they would be very careful to not tip the balance. Like what? Shutdown ASICMiner and Avalon, arrest everyone and scare the daylight out of all the remaining Chinese miners. That's far from the destruction of Bitcoin. They can do what they want in China, but not the rest of the world. No, per the status quo it would have the same effect: right now there is no viable ASIC producer out of China(BFL honestly is not there yet), if there will be at least one in the future, whatever China will do doesn't matter, people can just switch to the out of China producers. If there will not, then the "$5 wretch" attack still works. |
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A government attack is a significant risk. Think about China: they have the resources to pull off the heinous deed.
I should apply XKCD's famous "$5 wretch" argument here: if an authoritarian government wants to screw you, there are much easier ways to do it than a 51% attack, otherwise if they want to play, they would be very careful to not tip the balance. Like what? Shutdown ASICMiner and Avalon, arrest everyone and scare the daylight out of all the remaining Chinese miners. |
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Alt chain panel was interesting:
Crazy rabbit and Coblee in my opinion did great. The FRC and ripple reps in my view did not. Lots of unanswered questions on their "currency" of choice.
FRC coin supply is in the hands of a few. Same for ripple.
Ripple is a company. It has a booth here at the conference. It claims it is decentralized and soon to be open sourced.
My main question to ripple supporters is what is to stop a government from going to their office(s) and shutting their system down?
Acutally, Ripple has way bigger problems than a danger of possible government raid. |
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A government attack is a significant risk. Think about China: they have the resources to pull off the heinous deed.
I should apply XKCD's famous "$5 wretch" argument here: if an authoritarian government wants to screw you, there are much easier ways to do it than a 51% attack, otherwise if they want to play, they would be very careful to not tip the balance. |
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http://bitnodes.io/It appears that china has more nodes then any other country. 51% attack possible if they get more than half of the nodes? It's not nodes which matter. Its hashing power (averaged out over a few days). However, China has been leading the way with ASIC development, which gives them a good chunk of the hashing power too. Hopefully this is temporary as BFL and others finally get into the market. Great site for providing a measure of decentralization, which is sorely needed for the block size debate. Yup, Chinese should only occupy as big a percentage as their IMF voting power, so that everyone will feel safe. Otoh, I would like to remind everyone that a more imminent danger to Bitcoin network is the total disparity of hashing power between genders and people with different orientations, males and heterosexuals control way more hashing power than females and homosexuals, who could be easily 51% attacked, and maybe even 90% attacked by the stronger majorities! Let us start some affirmative actions and donate our hashing power to the minorities! |
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Well, now you bring up litecoin, which you did not support partially because Armory didn't support it. Perhaps I should ask what change has been made to the Bitcoin reserve management? It doesn't sound like you can allow immediate withdrawal for any two-factor authenticated user while keeping 90% of your bitcoins in cold storage, can you? |
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This kind of attention by CCTV is bothering me.
My Mom asked me today about the trouble a "Bitcoin exchange" had with the U.S authorities, she saw it on CCTV, it's surrealistic.
why does it bother you? an incursion on what you are used to? or a feeling that there is something afoot? Uncertainty bothers people, and CCTV had a track record of against....pretty much anything liberating/progressive in the world. So I don't know who is/are behind all these, and I can't figure out their motive. I am with Bitcoin hell or high water, but it would still be a unplesant feeling if it suffers a setback in adoption due to some unpredictable events... |
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This kind of attention by CCTV is bothering me.
My Mom asked me today about the trouble a "Bitcoin exchange" had with the U.S authorities, she saw it on CCTV, it's surrealistic.
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放心吧，CCAV做什么节目是他们自己能说了算的么？尤其这种关系到“国本”的玩意？
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There is difference in definition for fairness and equality I guess.
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You know what? Since it's so easy to use Bitcoin to donate, I just can't put down myself to give a bit here and there.......
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I've been bugging them for almost two years now - and they've finally done it. And they've done it right, too; with a bitcoin address on their donations pages, right under the usual fiat/CC/PayPal stuff: http://www.linuxmint.com/donors.phpI know a lot of us use Mint, and they're (at the moment) the most successful linux distro out there - they surpassed Ubuntu some time ago (check DisttroWatch). Let's show them some love... Strongly considering switch.... You won't regret it if you do. I use the Debian Mint spin on my desktop, but I use the standard (Ubuntu-based) versions on my net/notebooks. They're all pretty good. Cinnamon's better than Mate... Well, the problem is it will be a long chore to setup my desktop enivronment there, I use a very niche window manager and a lot of other uncommon softwares configured to suit my workflow... |
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Okay, then how do you think of the [current] policy of interviewing and assessing parents before they are allowed to take a child into adoption? Reasonable or not? The policy is reasonable, it would be stupid not to evaluate the home you give a child. The criteria, on the other hand, often leave quite a bit to be desired. So what kind of an organization should be in charge of such a thing? A government institution paid by taxes or some sort of an orphanage funded by voluntary donations? You really need to ask? Yes, why not Because it's kind of like asking someone you know to be a vegetarian if he'd like the chicken or eggplant parmigiana.  You do know I'm an anarchist, right? I want to know if you have anything specific in your mind, what is such an organization going to look like. |
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Okay, then how do you think of the [current] policy of interviewing and assessing parents before they are allowed to take a child into adoption? Reasonable or not? The policy is reasonable, it would be stupid not to evaluate the home you give a child. The criteria, on the other hand, often leave quite a bit to be desired. So what kind of an organization should be in charge of such a thing? A government institution paid by taxes or some sort of an orphanage funded by voluntary donations? You really need to ask? Yes, why not, debate and question everything while we are at it. |
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I've been bugging them for almost two years now - and they've finally done it. And they've done it right, too; with a bitcoin address on their donations pages, right under the usual fiat/CC/PayPal stuff: http://www.linuxmint.com/donors.phpI know a lot of us use Mint, and they're (at the moment) the most successful linux distro out there - they surpassed Ubuntu some time ago (check DisttroWatch). Let's show them some love... Strongly considering switch.... |
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