ultra neat!!! 

Bitcoin is a state of mind.

Thanks for the support...

Israel has become quite a Bitcoin hub.

I don't know it has to do with being jewish as much as it has to do with the israeli frame of mind. Alot of people here think independently, this is one of the reasons we have such a large startup per capita ratio, and might be the reason we have a huge bitcoin community...

The meetup group here is more then 1 thousand members, and this is for a very small country. We have bi-weekly meetups organized by the israeli bitcoin association, and just last week we had the first miss-bitcoin meetup, that moran from the emBassy organized. For what i know it's one of the first (if not the first) female bitcoin event, There were around 50 attending and media coverage.

We have had 2 israeli mastercoin board meeting in the emBassy.. So yea, we support all crypto-currency projects.

Things are starting to take form, we are not even finished renovating the place so we can have a sort of formal opening, this is our first thread announcement... So i hope you hear of us in the media soon...

I am glad to announce that november 3rd we have opened a bitcoin embassy in tel-aviv, Ahuzat bayit 1, at street level, right infront of the new israeli stock exchange building.
You can see our landing page www.bitembassy.org and Facebook:https: www.facebook.com/pages/Bitcoin-emBassy-שגרירות-ביטקוין/598594583521066
We have since been been building the place up, figuring out what an 'embassy' should be doing...
Lot's of people come around every day, and there are 3-5 permenant members of the community that come daily and work from the embassy while manning it, plus there is a gallery floor we rent out to a bitcoin startup, and they also keep the place alive.

We have walkins, satoshi square meetings, wallet instructions, developer nights, and we are working to make a bitcoin innovation lab close by. We sell cafe and stuff for bitcoin only (all going towards donations for the community), also hope to install a lamasu ATM we ordered (and should arrive febuary)

The embassy is a non-profit, i am funding it at the moment, but we have much help from the community including the israeli bitcoin association and we hope to make it sustainable within a year

I am glad to announce that november 3rd we have opened a bitcoin embassy in tel-aviv, Ahuzat bayit 1, at street level, right infront of the new israeli stock exchange building.
You can see our landing page www.bitembassy.org
We have since been been building the place up, figuring out what an 'embassy' should be doing...
Lot's of people come around every day, and there are 3-5 permenant members of the community that come daily and work from the embassy while manning it, plus there is a gallery floor we rent out to a bitcoin startup, and they also keep the place alive.

We have walkins, satoshi square meetings, wallet instructions, developer nights, and we are working to make a bitcoin innovation lab close by. We sell cafe and stuff for bitcoin only (all going towards donations for the community), also hope to install a lamasu ATM we ordered (and should arrive febuary)

The embassy is a non-profit, i am funding it at the moment, but we have much help from the community including the israeli bitcoin association and we hope to make it sustainable within a year

1 bitcoin = 1 million bits

it was never important to me that new terms would be used for bitcoin sub-units. i had believed the world would take care of it itself. and it might just do it, creating many names for different bitcoin sub-units.
i was, and am a milli supporter, it makes sense, it comes from the metric system and it is near a 1 dollar point at the present.

BUT then i was running the word bit in my head for the past two days, and for me, milli, as straight forward and sensible as it is does not paint a coherent picture as the bitcoin = million bits.
it took me these couple of days to realize, it just makes perfect intuitive sense to me…
finally i realize why a bitcoin is called a bitcoin, it's a coin made of a million bits, it's also the name of the currency… (i know this is not the case right now, but it make such perfect sense that I would of believed it if i was told so). so a 100 satoshi make 1 bit, again, perfect sense here too… all we have done is move the decimal point as far as mainstream wants to move it.
i don't care what devisions are used in the meantime, and i don't care if a division will come much later then needed… but i do believe a bitcoin should be viewed as 1 million bits. it takes the whole system to a 2 decimal point system that is intuitive to people to use. satoshis are like cents and bits are like dollars.
in the future people might say '...why do we call it bitcoin? because that's how it works under the hood, bits are grouped into 1 million  and this is how they are denominated in the blockchain, it's more efficient to calculate them this way.'

no, this is not a 20%-30%  constant increase, the latest confirmed block was found 40 min ago

still going on 

i like it very much!

נפלא,
נראה פשוט ומדוייק.
עכשיו רק בא לי שיהיה לי מה למכור

wtf? this post is making me dizzy

meiu

meni,
in regard to ASIC mining, it is not similar to the 'jump' between GPU mining and CPU mining. both a video card and a CPU are not specific task hardware, and they allow low entry level to the mining arena. people could mine on their existing hardware, this has changed.
but i agree we should not focus on preventing change... it is futile and counterproductive.

the post is not talking about boycotting ASIC miners, only on retrieving the power to 'vote',
i actually brought up the term 'economic majority' which was attributed to you, and i am trying to think how to apply it in the future of the protocol when the set block reward will not be as significant as the transaction fee.

right now with the rise of ASIC miners the 'voting' power of which version of the protocol is run is in the hands of larger and fewer miners.
this reduces the decentralized effect of bitcoin.

we must also take into account that the set 'block reward' is getting smaller with time, halving every 4 years.
as the network scales up more % of the total block reward is going to come from transaction fees.
at some point in time transaction fees will amount to the major part of block rewards.

question: if i pay a fee for my transaction, can the protocol limit who is capable to mine this transaction and collect the fees with his block rewards [ for example only a miner running the same or lower version of bitcoin] ?

having such a function will assure that in time, when the system is matures enough, market laws will allow voting to return to the users.

https://en.bitcoin.it/wiki/Economic_majority

well, it might be a smart way to avoid taint

Just wanted to bump up and let you guys know i am very excited with this.
These advanced features are what might just prove to be the important advantage bitcoin has over other payment systems.

i don't wish you good luck
even though i share the view that ASIC has a monopoly issue and is not a perfect distribution of voting power...
please do think of what would happen if you succeed but only miners who don't use ASIC join your ALT Chain.

there will be 2 systems. one with ASIC, which will probably have more Hash power, and be more secure, and one with the growing scrypt mining which will be more democratic...

people will have their coins in both but any tx can be copied and broadcast in either Chains, thus new tx will be very insecure
security problems will weaken bitcoin, and bitcoin will suffer.
also the rift will make the whole concept of cryptocurrency a laughing matter.

i don't think this is the way to go...

luckily i don't see you succeed.

First of all, good work JR!
i like what i read, i think it's a good direction.
+1
way to go.
i am very interested in this project and in these concepts.

that said... reading the "white paper" it seems there are a lot of 'gaps' in the description.
i would go along with what Ripper says and get more people to help translate your ideas... this way, things you see for granted and you neglect to mention [what i call 'gaps' - might just be things i don't understand] will be smoothened out.

also not a bad idea to have more people onboard or just a 'board' which can let you do the work without the constant suspicion.
i can see this suspicion as very understandable, but you can't do anything if you have to justify your every move.
on the other hand, if you need to build such a construction for very little donations it might be a hassle for little effect.
maybe you could announce that you intend to have a board in case you receive over a certain sum that will allow you to take a paycheck and work full time... it might let serious investors feel a little better buying more mastercoins.


i for one find your words and vibe very genuine and intelligent.

good luck.

i would be happy to give my opinion on the technical aspects of this paper, but to be honest i wish to read the 'bitshares' paper first so i can have another perspective.

 

That would be s
Super elaborate and expensive

It's becoming a long thread, but it's very important and enlighting
I think looking back at how other paymet systems mad it work might be beneficial, like how credit cards became adopted?
Since bitcoin is open source might rethink the concept of an open source marketing department