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1  Other / Politics & Society / Re: Bitcoin predicted in 1993 dystopian film "Demolition Man"? on: September 24, 2014, 01:09:41 AM

I don't think so, it's more likely a reference to bank cards, which people now use instead of cash (and operate through encoded account numbers). 

In my view it means that P2P commerce has been eliminated and all transactions are mediated and approved by the 'authorities'.

Probably no reference to crypto codes.  Bitcoin functions more like cash.

Great movie, though.  And strangely predictive.  The script was based on Huxley's 'A Brave New World' is my understanding.

I've read Brave New World, they're nothing alike buddy


From Wikipedia:  https://en.wikipedia.org/wiki/Demolition_Man_%28film%29

"Some aspects of the film allude to Aldous Huxley's dystopian novel, Brave New World."

"based on" is a poor choice of words.

I've read parts of the book.  We might replace Fordism with Zuckism.  Facebook doesn't just enable people to connect with each other, it mediates and organizes the communications in ways that influence behavior.

The result is a kind of enforced conformity which results in massive profits for a very few, and poverty for everyone else (that's the whole point of the design of the system).  This alludes to the world depicted in the movie, where an invisible starving population lives underneath an affluent and secure one.

My point is that it is the rebels living underground who would be the ones who would use bitcoin.  And it would be outlawed, of course.  The DarkWallet project is a case in point.  I think the devs see themselves as being part of a rebellion.

2  Other / Politics & Society / Re: Bitcoin predicted in 1993 dystopian film "Demolition Man"? on: September 23, 2014, 01:28:09 AM
"Money is outmoded."
Around the 0:55:05 Mark:
"All transactions are through codes. "

Do you think this is a Bitcoin reference?


I don't think so, it's more likely a reference to bank cards, which people now use instead of cash (and operate through encoded account numbers). 

In my view it means that P2P commerce has been eliminated and all transactions are mediated and approved by the 'authorities'.

Probably no reference to crypto codes.  Bitcoin functions more like cash.

Great movie, though.  And strangely predictive.  The script was based on Huxley's 'A Brave New World' is my understanding.

3  Bitcoin / Bitcoin Discussion / Re: Simple, private, open electoral system using coloredcoins on: September 23, 2014, 12:48:40 AM
This is a great experimental use for blockchains.

Colored coin type protocol layers will work for this purpose, but using them will require that you enforce the rules in the client.

If you use Etherium, the miners will enforce the rules for you (your code is injected into the network) and it probably will be much less work to implement.

You might want to look into "The People's Republic of Doug".  It's a joke, I guess, but may still be instructive.

I've also developed some stuff that runs on the bitcoin net (for collectible digital assets, at http://rarebit.github.io/project ), but it was more work than expected (I am planning an Ether version of the app).  If Ether had been available when I started, I would have used it for sure.

4  Economy / Economics / Re: Selling Digital Goods with Bitcoin on: September 22, 2014, 12:56:07 AM
Digital goods are vulnerable to piracy and copy.

Unless someone solve the piracy issues, the market will not be able to support the artist and author.


The corporate model of content distribution (eg., iTunes) relies on control and force of law to prevent people from using alternative pipelines.  This approach has had some success, but it comes with high negative social costs (to maximize profits, greater control over the networks will be exercised - i.e, Net Neutrality Lost Cause - the result is greater and greater wealth concentration - one might correctly assert that millions are driven into poverty as a result).

There are alternative models that allow content to be freely distributed while still providing income to the artists and authors.

As a case in point, I've been working on a system that issues records of a digital work into the blockchain and allows those records to be exchanged.  That digital content can thus be considered 'unique' and collectible.

  See http://rarebit.github.io/project  (you can use testnet to play around with the web client without spending actual bitcoins)

The record is like a stock certificate that could potentially increase in value if the content originator becomes celebrated (it's not unusual to see works by living artists selling for millions apiece).

A photographer on flickr, for example, might issue limited editions of a few photographs and allow fans to buy them.  The sale might include legal rights, like allowing the purchaser to print the file and exhibit it in a public place, or resell that physical print alongside the blockchain record that authenticates it.

For an unknown artist just starting out, the tokens might be worthless at first, and people might pay for them simply because they want to support work they think is worthwile (like receiving a thank you gift for a donation).

Another use case might be a musician that issues a special 'collectors edition' MP3 (perhaps limited to 1000 copies).

An author might perform an online book signing (and still remain anonymous if the content is seditious).

Yet another use case might be signing autographs for people who show up on a twitter account at a specific time (if this were done randomly it might help encourage people to visit the page more often - these sorts of manipulations I hereby denounce).  In this case just the digital signature would be recorded and traded.

5  Bitcoin / Project Development / Re: [ANN] Rarebit: collectible digital works protocol layer for artists/collectors on: June 16, 2014, 09:34:19 PM
ANNOUNCEMENT: New Rarebit* client (alpha) is online now:

http://rarebit.github.io/project/

Full client that runs in the browser with a modern UI.  Loads, hashes, issues editions, and transfers lots of digital works.  Shows/plays supported media in app background.  In this implementation, issue transactions carry the author's signature and thus serve as timestamped certificates of authenticity.

Release notes:

There are bugs.  This alpha downloads from Testnet (when Sync is selected).  An author/owner identity can be created, then seed funding can be added using a testnet faucet (instructions in app).  Issue transactions will post, but not xfer transactions yet due to a bug (they will still be added to internal cache to simulate the xfer for demonstration).

The option to add a URL (pointer to content) to an issue tx is not yet implemented.

Firefox is recommended (TOR browser).  Some minimal testing was performed on a version of Chrome.


* The Rarebit protocol works by associating the hash of digital content with a small amount of bitcoin value, producing a 'token' that is provably bound to the content it represents. The token is also provably bound to the author.  Proves existence, authorship, originality.


6  Bitcoin / Development & Technical Discussion / Re: [ANN] Armory Multi-Sig with Simulfunding [BOUNTY 0.03 per bug] on: May 23, 2014, 01:50:50 AM

There is no central authority -- it's fully decentralized.  One person/device prepares the transaction, and whichever device adds/imports the last signature can broadcast it.  It is passed around as ASCII-armored blocks of text that can be emailed, and/or copied to USB to take to offline devices.  We would like to add a central server that would help users pass the data around, further improving the usability for those who want it... but the decentralized solution would always be available.

P.S. -- This is what people pass around to collect sigs (either inline in emails, or save to file):

Quote
=====TXSIGCOLLECT-4ogNaap7======================================================
AQAAAAsRCQcAAAAAAf1OAgEAAAALEQkHX/rr6vit6h6hFEtrSevRUWb0ev79VNLukkIjNUNoZj8AAAAA
/QABAQAAAAEGOwaI7hG2eALnVRhP5U9htkL5nR7pkmuhA++lkvmwjgAAAACLSDBFAiALPCTF3jPh238+
0TRiv7078ukWSykh5etoOC92mgHUtgIhANoaevyjicUcXZrBG4B05MCe0b6Ao4oQF1MWratKk51XAUE E
ziXsxcDUeorfEALx23AQ7/850SCxb/a+ZxbqIQ48ExhQgyCnQRF8ljIqOHz+5p7nJrWdfhVy2vtwICfz
vFbMff////8CQHh9AQAAAAAXqRTllz72+r9S3h22NtdNbPS0W/TqhofAcCc0AAAAABl2qRRJvTihhk4j
NbkfeRLljm0F7x58aYisAAAAAIdSQQRaVaMnjUAAEwZ8WtKXeCYt1UlDBNmX3woLIHwh2+sDB8xs5nqY
6iygkHrJZMSUJncnX/g29PgFrv9Sco2BZKh/QQSTtOSfxz3CHvwktSKnps0SiTZwzoLBqyuju1BawtJn
5FvVUfOSJGjflmvJVB8A3Kk6IIbdW14wv8/YpL4yZpfsUq4ISHVla2pwcEwA/////wJBBFpVoyeNQAAT
Bnxa0pd4Ji3VSUME2ZffCgsgfCHb6wMHzGzmepjqLKCQeslkxJQmdydf+Db0+AWu/1JyjYFkqH8AAEEE
k7Tkn8c9wh78JLUip6bNEok2cM6Cwasro7tQWsLSZ+Rb1VHzkiRo35ZryVQfANypOiCG3VteML/P2KS+
MmaX7AAAATQBAAAACxEJBxl2qRTAJVPUOGJ3S2BllgR6HNc32I8NloisMFF9AQAAAAAAAAROT05FAAA A
================================================================================


A standard text format for "sig codes" that can be sent between users is what multisig needs.

Can this become a BIP?  Something like this can become a standard that all the wallets and other services can support.

But, ...

Would it be better to use JSON clear text, so the user can see what tx/out/etc the sig refers to?  Otherwise, users will get several sigcodes mixed up and go crazy.

7  Bitcoin / Bitcoin Discussion / Re: Dark Wallet: Let There Be Dark! on: May 09, 2014, 04:18:36 AM
Dark Wallet coinjoin goes through a server, but the server cannot see any details of your transaction nor can they steal your coins. All details are encrypted for the counterparty, and all signing happens in the client.

The only weakness here is that a server gets taken down stopping the service in which case you switch to another service. Even if the NSA controlled the server, they wouldn't be able to steal your coins or observe your transaction at all.

Lastly the server is sharing messages with other servers (we are improving this too), so it isn't really centralised. It is federated kind of like how different email providers inter-operate with each other. The decentralised aspect will only improve over time as we develop standards and deploy technology.


Are you guys running a server?

I'm not a laywer, but:

If that is the case, that server could be shut down and Mr. Wilson and cohorts arrested for "running a service" that "facilitates" or supports illegal activity.  Its clear that DarkWallet will be attractive to people who are doing things that are considered 'illegal'.

If I'm not mistaken, Liberty Reserve and eGold were shut down for the same reason.  Liberty Reserve's founder is apparently facing a long prison sentence (the charges against him include his boastings about the service's illegal utility).

The developers of Bitcoin, and BitTorrent for that matter, don't face legal liability because they just write the software.  They don't actually operate anything.

I like DarkWallet, but hopefully the 'decentralised aspect' will improve very soon.  The us is obviously going to do some very intensive traffic analysis on whatever server(s) you're operating.


It's all encrypted. Try proving anything.


They target the users machines with specially designed malware (assuming the server is as secure as believed).  Once they decide the server is facilitating illegal activity, they will move in.

Best to be paranoid.



If I understand how this works properly, the server only matches encrypted keys. It doesn't do anything outside the blockchain. So if the users were not using TOR, then they might be able to trace the IPs. I suspect that these servers will become virtual and anonymous eventually. I don't like it, but I am open-minded enough to want to see what happens with the experiment.


I like the concept of DarkWallet, but it needs to use true P2P to negotiate the mixing.  I was just pointing out that by running a server, the developers may be exposing themselves to potential criminal liability.  If all they do is release software, they're safe (at least this seems to be the current understanding of the law).

8  Bitcoin / Bitcoin Discussion / Re: Dark Wallet: Let There Be Dark! on: May 09, 2014, 03:44:16 AM
Dark Wallet coinjoin goes through a server, but the server cannot see any details of your transaction nor can they steal your coins. All details are encrypted for the counterparty, and all signing happens in the client.

The only weakness here is that a server gets taken down stopping the service in which case you switch to another service. Even if the NSA controlled the server, they wouldn't be able to steal your coins or observe your transaction at all.

Lastly the server is sharing messages with other servers (we are improving this too), so it isn't really centralised. It is federated kind of like how different email providers inter-operate with each other. The decentralised aspect will only improve over time as we develop standards and deploy technology.


Are you guys running a server?

I'm not a laywer, but:

If that is the case, that server could be shut down and Mr. Wilson and cohorts arrested for "running a service" that "facilitates" or supports illegal activity.  Its clear that DarkWallet will be attractive to people who are doing things that are considered 'illegal'.

If I'm not mistaken, Liberty Reserve and eGold were shut down for the same reason.  Liberty Reserve's founder is apparently facing a long prison sentence (the charges against him include his boastings about the service's illegal utility).

The developers of Bitcoin, and BitTorrent for that matter, don't face legal liability because they just write the software.  They don't actually operate anything.

I like DarkWallet, but hopefully the 'decentralised aspect' will improve very soon.  The us is obviously going to do some very intensive traffic analysis on whatever server(s) you're operating.


It's all encrypted. Try proving anything.


They target the users machines with specially designed malware (assuming the server is as secure as believed).  Once they decide the server is facilitating illegal activity, they will move in.

Best to be paranoid.


9  Bitcoin / Bitcoin Discussion / Re: Dark Wallet: Let There Be Dark! on: May 09, 2014, 03:05:00 AM
Dark Wallet coinjoin goes through a server, but the server cannot see any details of your transaction nor can they steal your coins. All details are encrypted for the counterparty, and all signing happens in the client.

The only weakness here is that a server gets taken down stopping the service in which case you switch to another service. Even if the NSA controlled the server, they wouldn't be able to steal your coins or observe your transaction at all.

Lastly the server is sharing messages with other servers (we are improving this too), so it isn't really centralised. It is federated kind of like how different email providers inter-operate with each other. The decentralised aspect will only improve over time as we develop standards and deploy technology.


Are you guys running a server?

I'm not a laywer, but:

If that is the case, that server could be shut down and Mr. Wilson and cohorts arrested for "running a service" that "facilitates" or supports illegal activity.  Its clear that DarkWallet will be attractive to people who are doing things that are considered 'illegal'.

If I'm not mistaken, Liberty Reserve and eGold were shut down for the same reason.  Liberty Reserve's founder is apparently facing a long prison sentence (the charges against him include his boastings about the service's illegal utility).

The developers of Bitcoin, and BitTorrent for that matter, don't face legal liability because they just write the software.  They don't actually operate anything.

I like DarkWallet, but hopefully the 'decentralised aspect' will improve very soon.  The us is obviously going to do some very intensive traffic analysis on whatever server(s) you're operating.

10  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 14, 2014, 01:20:00 AM
I don't see how verifiable CPU-only mining solves the processing power advantage in mining.  Pools, farms, and botnets can still be used get an advantage.

Botnets can be muted significantly by requiring 16GB of memory. One tradeoff is that makes mining not instantly accessible to users who don't have that much memory installed.

Another strategy is to require say 4GB memory and hope this causes those whose computers are in a botnet to notice their computer is running slow and paging virtual memory to disk.

Botnets become less of a problem as the number of legitimate cpu miners increases, because the botnets are being sourced from the same supply of total PCs in the world. Eventually legitimate cpu miners will far outweigh the botnets, so can gradually relax the memory requirements to fit the average PC.

I wrote in the OP that pool sizes must be limited. I am not going to tell you now the secret way to do it.

Don't you need to enforce a "one connection per person please" policy somehow?  If there's a mathematically rigorous way to do this of course that's the way to go.

I was thinking that the network might require a user to solve a capcha to connect and timing out the connection after a few hours (probably already has been proposed).  I know, this is terrible idea but it might be effective at keeping the mining egalitarian, which I think is what you are aiming at.

Impaler and I discussed that. I decided it is untenable.


I hope you can achieve this, it's sorely needed.


Also, I didn't know about TimeKoin.  I was investigating cryptocoins that eliminate mining and was thinking it might be a good idea simply to allow a randomly selected user to create the next block.

There is also Emunie, which works by rewarding prior work with newly minted coins, i.e, it pays wages.  It also attempts to peg the price of the coin to the US$ or basket of commodities.  It's also closed-source, so its not really an option for adoption, but I found it interesting.




11  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 14, 2014, 12:46:22 AM
Also, I think you are using the terms 'socialist', 'collectivist', etc. improperly.  There are anarchic forms of these political philosophies, which many believe are the ligit ones.

What you are referring to are the centralized, statist forms.  'State capitalism' is the preferred term for the system practiced in the former soviet union. 

Crony capitalism, what many believe we are now suffering from, is very closely related to state capitalism.  It masquerades as a 'free market', but is composed of what are essentially state-sponsored monopolies.

12  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 14, 2014, 12:25:06 AM
I don't see how verifiable CPU-only mining solves the processing power advantage in mining.  Pools, farms, and botnets can still be used get an advantage.

Don't you need to enforce a "one connection per person please" policy somehow?  If there's a mathematically rigorous way to do this of course that's the way to go.

I was thinking that the network might require a user to solve a capcha to connect and timing out the connection after a few hours (probably already has been proposed).  I know, this is terrible idea but it might be effective at keeping the mining egalitarian, which I think is what you are aiming at.




13  Alternate cryptocurrencies / Altcoin Discussion / Re: List of all cryptocoins on: February 11, 2014, 08:05:33 PM
Are there any cryptocoin protocols that permanently remove the processing power advantage in mining in a mathematically verifiable way, so that specialized equipment can never be developed to game the algorithms?   Perhaps a genetic algo that evolves?

Thwarting botnets and other parallel processing attacks seems difficult if you rely on processors to do the work.  What about requiring a human to participate in the work?  Maybe image recognition work that computers currently can't do like solving capchas?



I would rather jump off the roof headfirst onto a thumbtack than solve captchas.


Capchas are annoying, a more rigorous approach is needed.  But it may only be necessary to require that a capcha be solved to connect to the network (with the connection being dropped after some number of hours to require re-connection).  Farms and botnets might be thwarted that way.

Processing power advantage is real problem for cryptocoins.  It is why bitcoin is heading toward mining monopolies, making the dreaded 51% attack possible.  As mining becomes more difficult, fewer and fewer people can afford the equipment to succeed at it.  And pools just confer processing power advantage to the central authorities that manage them.



14  Alternate cryptocurrencies / Altcoin Discussion / Re: Are Etherum and Emunie scamcoins? on: February 11, 2014, 07:05:08 AM
Assume you have 100 eMu at a value of $100, the market value isn't moving at all, the system isn't even attempted to stabilize it, its naturally stable at this point.  Assume it stays this way for a year....your 100 eMu are still worth $100...0% ROI.   However demand for eMu is high, so the system is creating lots of new eMu to absord the incoming value from fiat, gold or whatever else you decide to use.  Assume that inflation over the year is 100%....you will receive 50 more eMu over that time (its a 50/50 split between hatchers and balance holders).  You now have 150 eMu worth $1 each, 50% ROI.


I think these would be considered wages (income), not ROI.  It is payment for work, not investment.  The interest paid might be considered ROI.  I suppose if the distribution is based on *all* previous work performed, then early adopters could get progressively higher wages (a larger cut of the distributions), but this might be disturbed by a flood of new workers entering the system (assuming they each are paid something for the smaller amount of work they've performed).

Anyway, this is a bit off the cuff.  I'll look into it more.


[edit]
If the coin takes off, the early adopters could potentially get huge payouts as massive minting is stimulated.  Yes, they are wage slaves, but gilded ones like wall street workers with their lavish bonuses.

But new workers would rush in, perhaps diluting subsequent payouts.  Depends on the exact algo used.

Also, bitcoin has long periods of stable price.  emunie won't need to increase supply during these periods, so I'm presuming it will pay nothing, a potential problem.

A very interesting experiment to watch when it goes live.

BTW, if I work for the system for some time, then sell my coins and quit, will my prior work still qualify me for payouts, i.e., can I retire to the south of France with my emunie pension?


15  Alternate cryptocurrencies / Altcoin Discussion / Re: Are Etherum and Emunie scamcoins? on: February 11, 2014, 05:52:56 AM
Etherium: hype, maybe not a scam.  I personally don't see why they need $35m.

Emunie is interesting in some ways.

The emonie developer, however mercurial and paranoid he may be, has recognized that mining in bitcoin is mostly superfluous.  The most valuable work in the network is transaction clearing and validation, and it is this work that should be subsidized with new coins (no more need for transaction fees).  Mining in bitcoin is just a way to pick who gets to create the next block by running a race.  Picking who gets to create the next block can be done in some random way, which is more egalitarian.

Possible cons:

Proprietary, whitepaper and source code withheld.  Can't be properly vetted by the community.

Statement to the effect that emunie "will comply with the law" or attempt to disallow illegal activity.  What this means in practice is hidden back-doors for law enforcement/nsa/etc, blacklisted accounts, and a host of other nightmares (the source is withheld, ouch).

The coins can't appreciate in value (any increase in value causes new coins to to flood into the network).  Appreciation is incentive for early adopters, since early on the coins will have little use.  The fact that users will be granted a stream of coins for just connecting may be alluring at first, but disappointment and abandonment may follow (the first paycheck from that first minimum wage job is nice, then you realize just how long it will take for you to actually earn anything substantial).

Might be overrun by botnets or farms, which could sweep up most of the new coins generated.  Worse, a botnet could send transactions between its nodes to stimulate what appears to be demand.  Most cryptocoins can be abused by botnets, but emunie's network might be stimulated to respond with a coin flood (I'm a bit unsure on this point, maybe not possible/feasible?).

Conclusion:

Some of Emunie's ideas are good ones, but emunie itself is not a candidate for adoption.  It would be nice to see a group of open source developers adapt those ideas into a new altcoin.


Finally a constructive post!  I thank you! Smiley

My statement of trying to stamp out gross illegal activity has been somewhat taken out of context in general.  There will be no backdoor for TPTB, or myself, as it's impossible to do.  What I meant was that if we were to become aware of it (we as in the eMunie community as a whole), we should do everything we can to stop it....this would typically involve good old infiltration of a manual nature, and not "opening up" supposed encrypted data and having a look who it is.   That is impossible by design and we've gone to great efforts to ensure that all parts of the system are secure and anon.

Of course as you rightly state, eMunie will be closed source to general public for some time for reasons I've covered many many times, so other than give you assurances, there isn't much else I can offer in terms of convincing proof.

Another common mistake is assuming that a stable price means no ROI...there are 2 major components in any market, be it currency or commodity, and they are value and supply.  eMunie attempts to steady the value, and moves the supply depending on the demand, this supply is then distributed proportionally to stake holders and hatcher that have performed work.

Assume you have 100 eMu at a value of $100, the market value isn't moving at all, the system isn't even attempted to stabilize it, its naturally stable at this point.  Assume it stays this way for a year....your 100 eMu are still worth $100...0% ROI.   However demand for eMu is high, so the system is creating lots of new eMu to absord the incoming value from fiat, gold or whatever else you decide to use.  Assume that inflation over the year is 100%....you will receive 50 more eMu over that time (its a 50/50 split between hatchers and balance holders).  You now have 150 eMu worth $1 each, 50% ROI.

Finally, demand isn't calculated by transaction volume, as this is both inaccurate and prone to the exact attack you point out.  The P2P exchange drives the demand, though the various buy and sell orders that occur on there, as these are a better indicator of if demand is up, or down at any given moment.

Well, I guess this is the problem many are frustrated about, information that is too vague.  I have stumbled onto emunie only recently, and am astonished by the vitriol surrounding it.

I can understand that in the current cryptocoin climate, a source code release would result in a flurry of pointless clones with minor tweaks.

However, the community at large needs to properly vet the claims being made.  If a whitepaper is released, there are many smart people in the bitcoin community who can help to identify potential vulnerabilities in the system before it may be too late.

If the perception is that your system is proprietary, it may have a negative impact on its adoption.  I suppose a mainstream audience may not care, so perhaps that is the gamble.


16  Alternate cryptocurrencies / Altcoin Discussion / Re: Are Etherum and Emunie scamcoins? on: February 11, 2014, 04:35:08 AM
Etherium: hype, maybe not a scam.  I personally don't see why they need $35m.

Emunie is interesting in some ways.

The emonie developer, however mercurial and paranoid he may be, has recognized that mining in bitcoin is mostly superfluous.  The most valuable work in the network is transaction clearing and validation, and it is this work that should be subsidized with new coins (no more need for transaction fees).  Mining in bitcoin is just a way to pick who gets to create the next block by running a race.  Picking who gets to create the next block can be done in some random way, which is more egalitarian.

Possible cons:

Proprietary, whitepaper and source code withheld.  Can't be properly vetted by the community.

Statement to the effect that emunie "will comply with the law" or attempt to disallow illegal activity.  What this means in practice is hidden back-doors for law enforcement/nsa/etc, blacklisted accounts, and a host of other nightmares (the source is withheld, ouch).

The coins can't appreciate in value (any increase in value causes new coins to to flood into the network).  Appreciation is incentive for early adopters, since early on the coins will have little use.  The fact that users will be granted a stream of coins for just connecting may be alluring at first, but disappointment and abandonment may follow (the first paycheck from that first minimum wage job is nice, then you realize just how long it will take for you to actually earn anything substantial).

Might be overrun by botnets or farms, which could sweep up most of the new coins generated.  Worse, a botnet could send transactions between its nodes to stimulate what appears to be demand.  Most cryptocoins can be abused by botnets, but emunie's network might be stimulated to respond with a coin flood (I'm a bit unsure on this point, maybe not possible/feasible?).

Conclusion:

Some of Emunie's ideas are good ones, but emunie itself is not a candidate for adoption.  It would be nice to see a group of open source developers adapt those ideas into a new altcoin.



 
17  Alternate cryptocurrencies / Altcoin Discussion / Re: List of all cryptocoins on: February 11, 2014, 02:09:01 AM
Are there any cryptocoin protocols that permanently remove the processing power advantage in mining in a mathematically verifiable way, so that specialized equipment can never be developed to game the algorithms?   Perhaps a genetic algo that evolves?

Thwarting botnets and other parallel processing attacks seems difficult if you rely on processors to do the work.  What about requiring a human to participate in the work?  Maybe image recognition work that computers currently can't do like solving capchas?

18  Bitcoin / Project Development / Re: [ANN] Rarebit: collectible digital works protocol layer for artists/collectors on: December 17, 2013, 02:28:24 AM
You should contribute your idea to the Colored Coin project. https://groups.google.com/forum/#!forum/bitcoinx

I believe what you have contributed and what they are doing go hand in hand. I believe they need help with the client. Which basically is your idea but extendable to any object (I maybe wrong)

I started development on Rarebit before the colored coin group really formed for real and got things going.  In my spec, I acknowledge Meni Rosenfeld's paper, which I read when I started my development.

Yes, Rarebit can be thought of as a specialized colored coin protocol (as can mastercoin), and it might be possible to make Rarebit interoperable with colored coin.

The colored coin protocol is a bit in flux right now, so this would be something to look at in six months or so.

I'll read more into how the new colored coin spec addresses originations, and also what mechanism is used to protect colored coin outputs from accidental redemption by normal wallets.  Also I'm a big fan of brainwallet passphrases, so if using them presents difficulties, that would be a problem.

All this stuff is very new, so we'll see what happens....





19  Bitcoin / Project Development / [ANN] Rarebit: collectible digital works protocol layer for artists/collectors on: December 11, 2013, 05:31:44 AM
UPDATE JUNE 2014: A New Rarebit client (alpha) is online now:

http://rarebit.github.io/project/

A full client that runs in the browser with a modern UI.  Loads, hashes, issues editions, and transfers lots of digital works.  Shows/plays supported media in app background.

See last post below for more.  The new client uses the hash of a file directly instead of putting it into a certificate.  The issue tx carries the author's sig and so serves as a timestamped certificate once added to a block.  Proves existence, authorship, originality.

------------------------------------


Rarebit is a protocol designed to enable collectible digital works to be issued and traded on the bitcoin network.

Using a Rarebit client, an artist or author can issue digitally signed limited editions of a work online, and collectors can trade units of the edition with the assurance they are authentic.

Whitepaper:
  http://rarebit.github.io/project/doc/rbprimer.html

Baseline reference client:
  http://rarebit.github.io/project/client/min

  *runs in the browser (implemented in client-side javascript); early beta suitable mostly for demonstration at this time.


Protocol summary:

1. A work is signed by the author: A digital certificate is created to accompany the work, and a bitcoin address is generated that uniquely identifies the signed work.

2. Editions of a signed work are issued by the author: Transactions are broadcast to the bitcoin network that record the work's ID and quantity.

3. Units of an edition are aquired and traded among collectors:
  a. The author signs over units to collectors in new transactions.
  b. Current owners sign over units to new owners in additional transactions.

4. The provenance of a unit is demonstrated: The linked transactions stored in bitcoin's public ledger are scrutinized to ensure a unit originates from the author and has not been duplicated.

A work is typically a digital file such as a photo, video, or ebook.

Rarebit, like bitcoin, is "trustless", i.e., confidence is placed in cryptographic proof instead of a central authority.  Rarebit is not a copyright enforcement ("digital rights management") scheme. The protocol defines no capability for restricting how a work can be consumed. Rarebit merely distinguishes collectible copies from all others.

20  Other / Beginners & Help / Re: HOWTO: create a 100% secure wallet on: December 11, 2013, 05:10:06 AM
For both sending & receiving coins you need to connect internet.

What do you mean by "receiving"?
If I have created a wallet and copied the receiving addresses on a piece of paper I don't really need internet connection to receive coins.
I can just give the address to someone and that's it.
Now If I want to spend these coins then I will need internet, but that is sending, no receiving.


You can also spend coins by generating (signing) a transaction on an offline computer, then use a thumbdrive or sd card to move the raw tx to a service that will broadcast that tx to the bitcoin network for you.  That way, your private key or brainwallet passphrase need never be revealed to a computer with an internet connection (and its possible collection of installed malware).

There are wallets, such as brainwallet.org that can be run on an offline computer.
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