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261  Local / Wiki, documentation et traduction / Français : traduction du papier de Satoshi on: December 26, 2010, 04:39:42 PM
Faudrait peut-être qu'on s'y attelle.  Le "white paper" de Satoshi est le document important qu'il faut lire et relire pour comprendre le fonctionnement des bitcoins.  Je pense qu'il serait important qu'il soit traduit dans plusieurs langues.

Je propose qu'on se répartisse le travail s'il y a des volontaires.

PS.  Rien  que le début, j'ai du mal :  comment on traduit "cash" ??


En tout cas, voici déjà ma version du titre et du résumé :

Quote
Bitcoin :  un système de monnaie électronique en pair-à-pair.

Auteur        Satoshi Nakamoto
Traduction :  grondilu

Résumé.  Une forme de monnaie électronique entièrement en pair-à-pair permettrait d'effectuer des paiements en ligne directement d'un tiers à un autre sans avoir besoin de passer par une institution financière.  Les signatures numériques procurent une solution partielle, mais l'intérêt principal est perdu si un tiers de confiance est toujours requis pour empêcher le double paiement.  Nous proposons  une solution au problème du double paiement en utilisant un réseau pair à pair.  Le réseau horodate les transactions en les hashant en une séquence de preuves de travail à base de hashages, formant un enregistrement qui ne peut être modifié sans réeffectuer la preuve de travail.  La plus longue chaîne sert non seulement de preuve pour la séquence des évènements constatés, mais aussi de preuve qu'ell provient du plus grand regroupement de puissance de calcul.   Aussi longtemps que la majorité de la puissance CPU est controlée par des noeuds qui ne coopèrent pas pour attaquer le réseau, ils génèreront la plus longue chaîne et surpasseront les attaquants.  Le réseau en lui-même ne recquiert qu'une structure minimale.  Les messages sont diffusés sur la base du meilleur effort, et les noeuds peuvent quitter ou rejoindre le réseau à tout moment, ils accepteront la chaîne de preuve de travail la plus longue comme preuve de ce qui s'est déroulé pendant leur absence.

J'ai choisi de ne pas garder "cash" :  quand on fait une traduction, on la fait à fond ou on la fait pas !  Pas d'anglicisme, donc.
262  Bitcoin / Development & Technical Discussion / A full shell script implementation of bitcoin ? on: December 26, 2010, 12:38:42 PM
The thread
http://bitcointalk.org/index.php?topic=2459.0

make me feel like suggesting a full shell implementation of bitcoin.  I've actually been thinking about this for some time but I'd like to see if other people would be interested in such a crazy project.

Here is the kind of architecture I'd like to see :

- nodes communicate transactions via IRC, XMPP or similar (a shell script communicating with such a protocol should be easy to implement) ;
- each node publishes its blocks via its own http server (possibly via a TOR hidden service to avoid NAT traversal problems) ;
- each node also publishes the list of nodes it is currently connected to ;
- nodes store their blocks using GnuNet or maybe a NoSQL database such as MongoDB  (easily scripted) ;
- cryptographic functions are performed via the openssl command line ;
- blocks and wallets are stored in an human readable ASCII format ;
263  Bitcoin / Project Development / using timestamps to link a bitcoin address and a RSA public key on: December 24, 2010, 07:55:26 PM
I am currently programming a bitcoin asset exchange plateform, and during this process I came up with an idea which is, in my opnion, pretty good.

I needed some way to identify the owner.  He should be able to prove he is the owner of the asset, and he should be able to transfer his ownership to someone else.

Using passwords is the quick-and-dirty way to do so.  But there are many drawbacks to this method.  I won't discuss them here.

At some point I wanted to use ECDSA signing capabilities of bitcoin address.  But it's not easy, and the bitcoin client doesn't provide any tool for that.  And I was convinced that it should not.

Using GnuPG would be nice, but I realised that it's a pain in the ass to program with.  It realy doesn't seem to me that it is suitable for scripting.

So I decided to use RSA keys, using the openssl command.  It was much easier than I thought, and particularly easier than GnuPG.

Anyway, here is the idea I came up with.

At some point I have to associate a bitcoin address (where future dividends are to be paid) to a public RSA key.  Keeping a database of these relations is necessary, but not sufficient.  Basically it would give exactly the same problems as with passwords.  Anybody who would access to the database could modify it and then claim ownership of the assets.

So the idea is to timestamp the relations into the bitcoin block chain.

Here is an exemple.

I want to associate this bitcoin address :

1Hy9dexzNzjvQYkYy6zKRVZMU8k2j5vuPt

to this RSA public key :

-----BEGIN PUBLIC KEY-----
MIIBIjANBgkqhkiG9w0BAQEFAAOCAQ8AMIIBCgKCAQEA67nZtqz41rGFdUsVMC/E
HsvhfyG7dreTeIfOO+tA1fUuyooiodsYw73qM4qKZFJduBdtrMqAiQhGkfUjhqbf
aIlc/5yR+0ZUHI6eiCcPtDi95MdpmDtlXg/9YkQ36ACZX2ccCIiUIaHVK4lc2MzT
6Io9FaXCejkoZiEsAK+XqUxc3X5B0VFVxyq4i/S7qOQKABfEDaF56OhtW3URGX7V
LTOxMmSccL/tVeN3cwUfNOHsoVF7g1bqPGYvdEGOzEklzJ3i2IYMah7d4So3BlXr
OMI6HCZTfCd+J64c5h6dh2ciQr27XDUKBVQhm3s5gwQl0WRcQhQ4LRG3ur+Rud5q
2QIDAQAB
-----END PUBLIC KEY-----


All I have to do is to use a timestamping function like this one :

timestamp() {
    wget -O - -q http://blockexplorer.com/q/hashtoaddress/$(openssl dgst -rmd160)
}

this way :

{ echo 1Hy9dexzNzjvQYkYy6zKRVZMU8k2j5vuPt ; echo "-----BEGIN PUBLIC KEY-----
MIIBIjANBgkqhkiG9w0BAQEFAAOCAQ8AMIIBCgKCAQEA67nZtqz41rGFdUsVMC/E
HsvhfyG7dreTeIfOO+tA1fUuyooiodsYw73qM4qKZFJduBdtrMqAiQhGkfUjhqbf
aIlc/5yR+0ZUHI6eiCcPtDi95MdpmDtlXg/9YkQ36ACZX2ccCIiUIaHVK4lc2MzT
6Io9FaXCejkoZiEsAK+XqUxc3X5B0VFVxyq4i/S7qOQKABfEDaF56OhtW3URGX7V
LTOxMmSccL/tVeN3cwUfNOHsoVF7g1bqPGYvdEGOzEklzJ3i2IYMah7d4So3BlXr
OMI6HCZTfCd+J64c5h6dh2ciQr27XDUKBVQhm3s5gwQl0WRcQhQ4LRG3ur+Rud5q
2QIDAQAB
-----END PUBLIC KEY-----"
} | timestamp

And I get a bitcoin address :

13CWM9MmeyP1MA6SgAiqAq7cGxXaLWhnTG

Now, the owner of the RSA just have to send a small amount to this address, so that no-one could claim ownership of this bitcoin address.  Why would anyone claim ownership of someone else's bitcoin address ?  Only because this could give him the right to transfer it to an other bitcoin address, one that he actually owns.

The whole point of all this is that with such a method ownership of assets can be identified by bitcoin addresses, providing that these addresses are timestamped with a RSA public key.


PS.  Hum... as I write this, I realise that this method might make the use of GnuPG easier than I thought.  Maybe finally easier than RSA.
264  Economy / Trading Discussion / An IRC-bot for auctions on: December 23, 2010, 10:52:49 AM
I think this could be nice but it needs some thinking.

So the idea is that the robot would supervise an auction on IRC.

The seller tells the robot (Bot) to open an auction for an item (Item) until a deadline (Dl).

Bot opens a channel #auction-[short name for Item]
It also sets the topic as something like "Auction for [full description of Item] until Dl.  No starting price."

To place a bid, a user just enters his amount in one of these format:

123.456 BTC : plain explicit bid (unit may also be bc, kBTC,...)
123.456 : bid with no monetary unit (assuming BTC)
+1 : relative bid (1 BTC more than last bid)
'35: implicit format.  For instance after several bids of value close to 34000, '35 would actually mean 35000.
Or after several bids such as 10.29, 10.32, 10.33,  '35 would mean 10.35

The main rule for the robot would be to take the value closest to the previous bid, keeping it beyond a 110% increase.  For instance, after a bid of 1000 (with no decimal), then '20 would mean 1020, and not 20000.  If no interpretation can fit the 110%, then the robot takes the closest and ask for confirmation.

At then end the robot adjudicates the auction by declaring the winner.  He then sends a log of the whole auction to the seller.


Here is an exemple of how such an auction would look like.

Code:
-- Bot sets topic to "Auction for an ... until ..."
-- Alice joins channel
Alice> 10
Bot>   Alice leads at 10 BTC
-- Bob joins channel
Bob>   ;;lead
Bot>   Alice leads at 10 BTC
Bob>   +1
Bot>   Bob leads at 11 BTC
Alice> 20
Bot>   Alice: Do you confirm bid at 20 BTC, which is more than 110% of previous bid ?
Alice> y
Bot>   Alice leads at 20 BTC

and so on until :
Code:
Bot>   Auction has ended.  Alice wins the auction with 30 BTC.  Congratulations.
* Bot sends log of this auction to the seller who will contact Alice for transaction.


I know there is biddingpound.com but I just don't like websites.
265  Bitcoin / Development & Technical Discussion / How to transfer share holdings within the block chain (second attempt) on: December 21, 2010, 04:51:06 AM
I was not very much convinced by my proposal for a system to transfer assets with the bitcoin network, so here is an other idea.

The asset is defined somewhere on cyberspace, with a full textual description.  In this text there is a bitcoin address where coupons/dividends/whatever are to be paid.

In order to transfer this asset, the owner basically just have to change the bitcoin address it is assigned to.


I'll use again the idea of coding information into the amounts.

So basically we need to code a bitcoin address into transactions amount.

Let's take the following address as an example :

1Hy9dexzNzjvQYkYy6zKRVZMU8k2j5vuPt

We turn it into hex :

$ openssl dgst -rmd160 <<<1Hy9dexzNzjvQYkYy6zKRVZMU8k2j5vuPt
a370e25093b51a83e13864ff880afd5b95ff2615

Split it into 4-characters-long parts :

$ H=a370e25093b51a83e13864ff880afd5b95ff2615
$ while echo ${H::4}; [[ -n "${H#????}" ]]; do H=${H#????}; done
a370
e250
93b5
1a83
e138
64ff
880a
fd5b
95ff
2615


Turn them into sequentially ordered amounts :

$ n=10
$ for i in a370 e250 93b5 1a83 e138 64ff 880a fd5b 95ff 2615
do echo $((n++*10**6+0x$i))
done
10041840
11057936
12037813
13006787
14057656
15025855
16034826
17064859
18038399
19009749


we compute their sum (we could have done that during the previous step but it is simpler to present it like this for you)

$ echo $((10041840+11057936+12037813+13006787+14057656+15025855+16034826+17064859+18038399+19009749))
145375720

We send this sum from an account called "treasury" to the address :

$ bitcoind sendfrom treasury 1Hy9dexzNzjvQYkYy6zKRVZMU8k2j5vuPt 1.45375720

We set an account for it :

$ bitcoind setaccount 1Hy9dexzNzjvQYkYy6zKRVZMU8k2j5vuPt testaccount

And finally we send the 10 amounts from the testaccount back to the treasury :

$ addr=$(bitcoind getaccountaddress treasury)

$ bitcoind sendfrom testaccount $addr 0.10041840
$ bitcoind sendfrom testaccount $addr 0.11057936
$ bitcoind sendfrom testaccount $addr 0.12037813
$ bitcoind sendfrom testaccount $addr 0.13006787
$ bitcoind sendfrom testaccount $addr 0.14057656
$ bitcoind sendfrom testaccount $addr 0.15025855
$ bitcoind sendfrom testaccount $addr 0.16034826
$ bitcoind sendfrom testaccount $addr 0.17064859
$ bitcoind sendfrom testaccount $addr 0.18038399
$ bitcoind sendfrom testaccount $addr 0.19009749

Finally all we have to do is to write a programm that inspects the block chain in order to trace the full transaction log of the asset.







266  Bitcoin / Development & Technical Discussion / Feature request : signing a text with a wallet key on: December 20, 2010, 07:28:03 AM

I'd like to be able to use one of my wallet keys to sign an ASCII text.

syntax of the command would be :

Code:
$ bitcoind signwithaddress BITCOIN_ADRESS < somefile > somefile.asc
$ bitcoind verifysignature < somefile.asc
correct signature done on DATE by address BITCOIN_ADRESS
Message was :
....

somefile.asc could be written in a form such as :

---- BEGIN ECDSA SIGNED MESSAGE ----
...
---- END ECDSA SIGNED MESSAGE ----

Or something like that.
267  Bitcoin / Bitcoin Discussion / Using bitcoin and GnuPG to transfer assets on: December 19, 2010, 05:33:08 AM
In an other thread an asset exchange service was presented :  Loom  (https://loom.cc).

This is quite an interesting service, although it is private, it requires invitation, and is centralised.


I very much think it should be possible to do something similar using bitcoin and GnuPG.

Say I own an asset which is fully described by an ASCII text file "myasset".

In order to give it to Alice, whose GPG fingerprint is "Alice-FPT", I just sign the following document :

Quote from: grondilu
I hereby give the following asset to Alice, whose GPG fingerprint is <here I paste "Alice-FPT"> :

<here I paste "myasset">

In order to prevent double spending, or more precisely to prove that I have not already spent it, I timestamp the signature of this document into the bitcoin block chain.

Then, when Alice wants to give Bob this asset, she signs this :

Quote from: Alice
I hereby give the following asset to Bob, whose GPG fingerprint is <here she pastes "Bob-FPT"> :
Quote from: grondilu
I hereby give the following asset to Alice, whose GPG fingerprint is <here I paste "Alice-FPT"> :

<here I paste "myasset">

And she also timestamp it in order to prevent double spending.


And so on, each owner has to imbricate transfer documents, sign it and timestamp it in order to give it to someone else.
268  Bitcoin / Development & Technical Discussion / Timestamping a file into bitcoin's block chain on: December 19, 2010, 03:58:47 AM
Here is a script to timestamp or search for a timestamp in the block chain.

Code:
#!/bin/bash
#
# timestamp.sh : Bitcoin timestamping script
#
# This script timestamps or search timestamps into bitcoin's block chain

blockexplorer="http://blockexplorer.com"

# reads data sent on stdin and hash it
sha256=$(openssl dgst -sha256)

# converts hash into a valid bitcoin address
address=$(wget -O - $blockexplorer/q/hashtoaddress/${sha256::40})

shopt -s extglob
case "$@" in
    -s|--search)
        # just search the bitcoin address in the block chain
        w3m -dump "$blockexplorer/address/$address" ;;

    0.+([0-9])|"")
        fee=${1:-0.01}
        if bitcoind getinfo > /dev/null
        then bitcoind sendtoaddress $address $fee
        else echo "Please check bitcoind is running"
        fi ;;
    *)
        echo "
        usage :  $0 [-s]  [amount]
        options :
        -s|--search : only search for a timestamp in bitcoin's block chain
        " ;;
esac


The first data I've timestamped using this code is this code itself (or more precisely my signature of it).

You can check it by running :

$ bash ./timestamp.sh -s < ./timestamp.sh.asc

where timestamp.sh.asc is :

-----BEGIN PGP MESSAGE-----
Version: GnuPG v1.4.10 (GNU/Linux)
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=ecN3
-----END PGP MESSAGE-----


PS.  An other version using rmd160 instead of sha256 (so that we don't have to truncate the hash) :

Code:
#!/bin/bash
#
# timestamp.sh : Bitcoin timestamping script
#
# This script timestamps or search timestamps into bitcoin's block chain

blockexplorer="http://blockexplorer.com"

# reads data sent on stdin, hash it, and converts hash into a valid bitcoin address
address=$(wget -q -O - $blockexplorer/q/hashtoaddress/$(openssl dgst -rmd160))

shopt -s extglob
case "$@" in
    -s|--search)
        # just search the bitcoin address in the block chain
        wget -q -O - "$blockexplorer/address/$address" |
        if grep -q "First seen.*Never used in the network"
        then echo no timestamp found; exit 1
        else echo timestamp found : $blockexplorer/address/$address
        fi ;;

    0.+([0-9])|"")
        # timestamps data by sending a small amount to $address
        fee=${1:-0.01}
        if bitcoind getinfo > /dev/null
        then bitcoind sendtoaddress $address $fee
        else echo "Please check bitcoind is running"
        fi ;;
    *)
        # usage information
        echo "
        usage :  $0 [-s]  [amount]
        options :
        -s|--search : only search for a timestamp in bitcoin's block chain
        " ;;
esac
269  Other / Off-topic / would you buy a robotic bird for bitcoins ? on: December 19, 2010, 01:18:16 AM

This toy is so amazing that I consider making it possible to buy it for bitcoins.

Basically I would invest some money to buy a bunch of them, and then I would sell them back against bitcoins.

http://www.youtube.com/watch?v=8oD3yAkT9sI
270  Economy / Marketplace / Auction for one DRDGold share until block 99,000 on: December 17, 2010, 09:14:53 AM
*** Edit:  THIS AUCTION HAS ENDED.    See end of thread.  ***

Ok after I've successfully sold one eBay share, I'm quite exited about all the possibilities of this.

I understand people prefer to buy shares of dividend paying companies.  Usually I don't sell this kind of shares.  But I've looked in my portfolio and I've found something.

I own 10 DRDGold shares.  I'm ok to sell one of them.   This company DOES pay dividends.

Last time I received dividends was on November, the 11th 2010.  I got ZAR 0.05 for my ten shares.  This was converted into EUR 0.05.

Good thing about bitcoin is that it will be easy to convert it into bitcoins, since we have much enough decimal precision.

So I'm selling one DRDGold share, with the same process than the one described on the eBay auction thread.  This will give me an opportunity to prove that I'm honnest since you should receive dividends within a year (I know it will be small with just one share, but we're just on the beginning of the bitcoin economy after all).  See this as a proof of concept if you want.



No starting price.  Auction will end at block 99,000.




PS.  Some info about DRDGold :
ISIN :             ZAE000058723
mnemo euronext :   MLDUR.PA

yahooquote MLDUR.PA :
MLDUR.PA   DRDGOLD   0.38   12/16/2010   Paris   
271  Bitcoin / Project Development / Statistics for the wikipedia Article on: December 17, 2010, 02:06:54 AM

Now that Bitcoin is back on Wikipedia, we have an even better way that google trends for measuring bitcoin's popularity :

http://stats.grok.se/en/201012/Bitcoin


272  Bitcoin / Bitcoin Technical Support / unexpected halt of generation on: December 16, 2010, 11:22:43 AM

I'm running bitcoind version 0.3.19

I've noticed that generation halts for unknown reason.

"getinfo" tells me

"generate" : false,


Yet I've never runned bitcoind setgenerate false (as far as I know).
273  Economy / Marketplace / auction for 1 EBAY share on: December 15, 2010, 03:11:41 AM
*** EDIT:  THIS AUCTION IS CLOSED NOW.  See end of thread ***


I own one ebay share in my portfolio.

As an experiment, I sell it for bitcoins.  What this means, is that I hereby promess (yes, you have to trust me), that if at any time I receive some dividends from eBay, I will convert them into bitcoins, and transfer it to you.

I'll make a short auction for this.  No starting price.  Auction will end at block 98,000
274  Bitcoin / Project Development / block explorer command in yubnub on: December 15, 2010, 12:49:43 AM

I added a block explorer command in the excellent YubNub (http://www.yubnub.org).

Basically it just redirects to blockexplorer.com (don't hesitate to donate to this site !)

just type, for instance :

bbe 1Cvvr8AsCfbbVQ2xoWiFD1Gb2VRbGsEf28

in the main search field.

bbe stands for "Bitcoin Block Explorer"
275  Bitcoin / Bitcoin Discussion / Notoriety of bitcoin on: December 13, 2010, 02:46:41 AM
Yeah I know it's a stupid poll, since nobody could guess that. 
But I'd be curious to have an idea of how quick bitcoin users think this money could get famous.

PS.  I voted 2013
276  Economy / Marketplace / Auction for a 20 CHF gold coin until block 100,000 ! on: December 11, 2010, 06:24:52 AM
After a few successful sellings of 1g mini gold bars, I now start the first ever gold coin auction on this forum.

So, this is a standard 20 CHF (swiss franc) gold coin.  See internet for details about this coin.

No starting price.  Price will include postal fees to wherever in the world.  It will be a standard letter.  I will just hide carefully the coin into the letter.  It should be fine.

Auction will end at block number 100,000.  At this time, I will lock this thread and thus close the auction.  I might close it a bit earlier and end the auction on IRC, though.

DO NOT BID IF YOU DON'T REALLY INTEND TO BUY THE COIN.   I will require paiement before sending it anyway, so there is no point making fake bids.

Do not PM to make your bid.  Just post it in this thread.

Have fun !



277  Bitcoin / Project Development / using synfig for an animated movie on: December 07, 2010, 06:24:45 PM
I used synfig once to do small animation on the wikipedia page about time travel.  Check it out there :  http://en.wikipedia.org/wiki/Time_travel#Ideas_from_fiction

I'd like to do something similar for bitcoin.
 
First, we explain the current banking model with a classic Alice and Bob situation :


Then we show how such a model tends to make people dependant on a highly centralized organisation :

We explain that such centralisation induces complexity and therefore costs.

Thus we introduce the P2P model, getting rid of the bank :


We explain that everynode receive every single transactions, and in order to determin who will play the role of the bank, we have them perform a CPU spending task :

 
Finally we explain what happens when a node has finally performed this task :



This is just a first draft, but it's the global way I see it.

Suggestions welcome.
278  Bitcoin / Bitcoin Discussion / similarities between bitcoin and esperanto on: December 06, 2010, 03:54:02 AM
It just occured to me how similar are these two projects.  Somehow, I wonder if one can not consider bitcoin to be to money what esperanto is to language.

I just hope I'm wrong, because I wish bitcoin gets more success than esperanto did.

Anyway, here are the similarities I'm talking about.

First, it's an artificial construction from one person.  Zamenhof for esperanto, Satoshi for bitcoin.  The "artificial" aspect is what most opponent of esperanto and bitcoin are willing to advance when rejecting them.  Esperanto is not a "real" language, and bitcoin is "backed by nothing", will they say.

Second, both have the same empire as an opponent.  English for esperanto.  Dollar for bitcoin.

Finally, both are international projects.  They are designed to put every countries on the exact same level.

Esperanto is more than an hundred years now.  It's quite an efficient language and it has shown many times that it is a better language for international communication.  Unfortunately, people are still not much convinced by it.

I'm afraid something similar could happen to bitcoin.  A few millions people will use it and will prove that it is a better money than any other else, but they will just fail in convincing other people about that.  Even after an hundred years.

Again, I hope I'm wrong.
279  Economy / Trading Discussion / bitcoins in physical stores on: December 03, 2010, 06:01:00 PM

There are many ways bitcoin could be used in physical stores.

Some guys here are planning on creating printed bitcoins, using QR code or stuffs like that.

An other possibility would be to do everything wia wifi, for instance using smartphones running a full bitcoin client, or using a web interface such as mybitcoin.com.

I personnaly think the best would be if each store could act as a bitcoin bank.  Basically you would have a bitcoin account in the shop, and you'll use with conventionnal banking-like transaction for every day purchases.  You would only transfer bitcoin something like say one in a month, just to fill up your account.   Such accounts could also use David Chaum's digital cash, so that stores could act like private money issuers.

I don't think bitcoin will put a end to banking system.  On the contrary, it will democratize it.
280  Economy / Economics / Should money have intrisic value ? on: December 02, 2010, 09:51:14 PM
The thread about "money as debt" from P. Grignon makes me think about this old debate concerning the intrisic value of money.

It's a debate I had many times with people having contempt for gold, describing it as a "useless soft metal" or a "barbarous relic".  I also think that gold is mainly useless, or more precisely, that its use is only based on the fact that it is ideal as a money, due to its remarquable properties.

However, I confess I'd have some difficulties explaining why money doesn't need intrisic value.  I have ideas about this but it's still quite confuse.

What do you think about that and can you elaborate ?

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