Hi folks,

Sometime last year my account was used to borrow a few BTC from someone and it was never paid back.

I can make a pretty strong case that it wasn't me and that another account of mine (@sjalq on Twitter) which used the same username and password (yes, yes I'm not a security genius like everyone else on here) was hacked about the same time.

How do I go about clearing my name?

Hi guys,

Does anyone know of a crypto-currency where transactions are completely private yet?

Hey there

I want to loan 13 btc
I am going to pay back 15.5 btc in 3 days

Cheers!

btc : 18WMxaHsxx6FuvbQbeA33UZud1bnmD7xY3

[The two most important elements being the gun and the printing press.]

I've been milling this over a bit and I think it will be extremely beneficial to liberty get get Bitcoin on the taxation radar.

Here's why;
The government relies mainly of violence to operate. It hides the true cost of that violence by enforcing a monopoly on the creation of money and being one of the primary beneficiaries of that monopoly.

The government as a whole though is not an intelligent entity and consists of individuals, some more clued up than others. Most however have no concept of sound economics or how government really operates. Conclusion; they don't know which segments of government are crucial to maintaining the status quo. The two most important elements being the gun and the printing press.

By helping the government to tax Bitcoin, instead of trying to hide incomes and money flows, we might be able to create the illusion that Bitcoin is helpful to their "cause". IE "Hey look a new form of income". We will however in the process remove from their reach the ability enforce the money monopoly (break their printing press). This will happen since Bitcoin will, when in widespread use, continue to increase in value as measured in fiat currency. More people will leave the fiat currency and this will lead to its eventual abandonment.

Once the above happens the government, if it wishes to continue it's violent activities, will be forced to extract the full cost via direct taxation. Since stealth taxes like inflation and "business tax" are much more damaging to normal people than they realize the true nature of what government is doing will become apparent to people and those activities will lose their air of legitimacy. The chances of people opposing those negative policies and opposing paying for them will then increase as well.

http://www.youtube.com/user/GoldMoneyNews#p/u/13/1VcN_Z6L0jM

[Does this mean socialism and high taxes to do whatever someone with a "plan" has come up with is bad idea?]

Since the previous thread was hijacked, here is the main page for the Heritage foundation.

In short their argument is more respect for property and more economic manoeuvre space creates a lot of wealth.

Does this mean socialism and high taxes to do whatever someone with a "plan" has come up with is bad idea?
YES!

Does it mean that "generally" regulation is a bad idea?
Probably.

Does it mean we should close the police stations and embrace free market justice provision?
No. The site contains the facts, don't extrapolate what might or might not be a workable theory and attack or defend that.

http://www.heritage.org/index/Ranking

Here are the top 11 as ranked for economic freedom, all of them at present are really developed places.

• Honk Kong
• Singapore
• Australia
• New Zealand
• Switzerland
• Canada
• Ireland
• Denmark
• United States
• Bahrain
• Chile

The South African government is being intimidated by a right wing hate monger (who is convinced he is a left wing social warrior for justice) and as a result we will probably soon have our mines nationalized. This is one of his many ideas for uplifting poor blacks from white economic oppression, another is bank nationalization.

Since mining companies make up the most of our stock exchange that will probably also lead to initial massive payouts as the government buys up the companies, then a major decline in that market. So goodbye to lots the money held in mutual funds and by the pension funds.

Massive amounts of investment will begin the exodus from our country and lead to a predictable oversupply of Rands (ZAR) and a consequent drop in price. This will have an incredibly inflationary effect on the poor and middle class and will put further pressure on the group that this grand idea was supposed to help. They are of course in this situation due to a whole bunch of other ideas the government has come up with to help them.

Possible definitions:
1. When the USD enters hyperinflation (100% or more per year)
2. When the federal gov default on its debt. (Includes debt restructuring)
3. When the federal gov has a truly balanced budget and is reducing debt at 5% or more per year.
4. When the federal gov is disbanded (would probably happen some time after 1 or 2 but might happen before or during)

I include number 3 because such a federal government would be something radically other then what exists today.

Hi folks,

I have 2 x 6990s (so 4 GPUs) running Windows 7, Catalyst 11.7, GuiMiner (newest one)

The miner keeps locking up if I activate GPU 0.

I have set the clock back down but the cards are still bios oc'd and at +20% power under AMD Catalyst. That did not work.
The problem started shortly after upgrading from Catalyst 11.4

Please help or give suggestions

http://dot-bit.org/tools/nextDifficulty.php

There is something very interesting happening to namecoin. The surge in interest, followed by the sudden drop a few weeks ago has had the effect that difficulty has remained so high that miners are losing interest and leaving, further postponing the decrease in difficulty.

Given that most of the btc mining is for profit, the same thing might happen to btc if we see something severely affecting miners. If we lose 80% of our mining network for some reason it could take up to 10 weeks for the next difficulty adjustment. If the remaining miners then pull out since all that hard hashing isn't worth it, it would take much, much, much longer.

What other investment gives 140% ROI yearly when things are "bad"

Hi folks,

Since installing Catalyst 11.5 from the auto-updater my miner has been quite unstable over the past few days. Has any one else noticed similar instability with 11.5 or should I look for another cause?

[The root cause problem with today's economy is that money can be created out of nothing and used to buy up real world goods and services and that this right is legally centred (monopolized) with only a few people.]

Folks,

The root cause problem with today's economy is that money can be created out of nothing and used to buy up real world goods and services and that this right is legally centred (monopolized) with only a few people. Everything else; high frequency trades, resource miss-allocation, decreasing real wages, inflation, deflationary collapse, oil prices, expensive wars (most of the modern ones) etc. etc. etc. is just symptomatic. If this right was taken away from the banking-government elite I dare say most of the shenanigans would stop within a year. Of course a soft landing would be hard to guarantee.

Why do you think Satoshi created bitcoin?

Hi gents,

Sorry if this has been posted here before but I just had to get it out of my head. Moderators please move if this is the wrong board.

I've been thinking about a contract/payment enforcement mechanism that uses the block chain and independent arbitrators to ensure that parties are paid and happy with their transactions.

Basically it boils down to:
Party A sells good or service to B for some price. Party A and B decide beforehand on an arbitrator C, who they both must approve to settle the dispute if either one is unhappy with the transaction. When B pays A he does so using a special transaction that contains the details of the transaction along with the appointed arbitrator C and perhaps an arbitration fee (freewill equal amount from both A and B) that will be paid out if the transaction needs arbitration and some smaller fee if it does not. The bitcoins are transferred to a special account that only C can control if A and/or B are unhappy and then only to have the funds transferred to either A or B in some distribution. 

Upon conclusion of the transaction both A and B generate another "transaction" saying whether they were happy or not with the previous one. If both were happy then the funds clear to A and C gets the lesser of the two arbitration fees. If B is unhappy and A has no objections then the value of the original transaction is sent back to B and C gets the arbitration fee.

If A and B are unhappy and a dispute arises they can both contact C who can assess the situation and effects a transaction in either B or A's favour or some split of the monies between them. In this case the system generates a transaction or two from C that looks like a payment from the special account to A or B (or both in some distribution). Now C gets the full arbitration fee.

These types of transactions should be able to be contained in the same block chain if I understand the process correctly. This also allows some measure of voluntary reversibility of bitcoin transactions that someone could submit to if they choose. Other transaction would continue as normal.

A, B and C could remain completely anonymous if they chose existing only as accounts, perhaps with conflict ratings attached to them. Contact information could be included in the original contract transaction. Perhaps also an expiry date could be set on the contract transaction that if resolution is not found within a certain period then the funds  are split in some fashion among A and B, with C waiving their fee.

After reading about what happened to Bernard von NotHaus, I think the government is going to label all libertarian minded people "global anarchist terrorists bent on sending the world into chaos"

Gavin Andreson will be rounded up, tortured in some 3rd world country and will end up in Gitmo. Whether he's libertarian or not will not matter, clearly he's responsible. Satoshi will move to the federal government's no.1 most wanted and ten years after that they'll kill some poor Japanese American IT professional and proclaim "victory!".

Give me any reason these socio-paths we've elected won't do this as they worsen everyone's economic situation?

http://en.wikipedia.org/wiki/Bernard_von_NotHaus

http://en.wikipedia.org/wiki/Liberty_Dollar#Conviction

This poor guy was labelled an "unique domestic terrorist"

“While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country"

Now tell me again this is not a fight between the people and the federalis.

I would like to ask the RBE (Resource based economy) crowd the following;

Do you recognise that money is originally emergent and not enforced?
(Meaning something, gold, silver, shells, salt, massive stones, automatically becomes money without govt decree)

If you agree it is emergent then what purpose do you think money plays in an economy? In other words what problem did it solve?

[There has been nearly no technological advancement in like 300 year!!!! Basically there are replicators and holodecks and slightly faster ships that STILL can't leave the galaxy!]

Star Trek's Federation seems like a real terrible type system the more I think about it.

Basically everyone dresses the same.
Military ships, armed to the teeth go on "exploration" missions.
The only people we ever see doing anything are state employees who are glamorised beyond belief.
There is a minimum wage type deal with contacting new civilisations, they have to FTL on their own or we don't contact them.
Lots of diseases are still incurable.
There has been nearly no technological advancement in like 300 year!!!! Basically there are replicators and holodecks and slightly faster ships that STILL can't leave the galaxy!

Lets face it guys, the Federation has killed all technological and cultural advancement in the future, stuff we are 20 years away from building never get developed under their "post-capitalist" world where no-one works for money but to "better themselves".

Take that Picard you statist!

Judging by this poll

http://forum.bitcoin.org/index.php?topic=21658.0

If all the miners were to not sell their freshly mined BTC for a day or two it would have a very significant impact on the price.

Now the exchanges are mostly down but I think it would be really interesting to see how the market behaves sans the mining community for 2 or 3 days.

http://blockexplorer.com/block/00000000000003ab51e39326aa863eb6e2227bc9dcc5575c575e8bca42c82efb