105
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Other / Politics & Society / Repudiate the Debt!
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on: July 26, 2011, 12:45:53 AM
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"I propose, then, a seemingly drastic but actually far less destructive way of paying off the public debt at a single blow: out-right debt repudiation. Consider this question: why should the poor, battered citizens of Russia or Poland or the other ex-Communist countries be bound by the debts contracted by their former Communist masters? In the Communist situation, the injustice is clear: that citizens struggling for freedom and for a free-market economy should be taxed to pay for debts contracted by the monstrous former ruling class. But this injustice only differs by degree from "normal" public debt. For, conversely, why should the Communist government of the Soviet Union have been bound by debts contracted by the Czarist government they hated and overthrew? And why should we, struggling American citizens of today, be bound by debts created by a past ruling elite who contracted these debts at our expense? One of the cogent arguments against paying blacks "reparations" for past slavery is that we, the living, were not slaveholders. Similarly, we the living did not contract for either the past or the present debts incurred by the politicians and bureaucrats in Washington." http://mises.org/daily/1423This is the only way to save the US FRN, which is the only scenario that Bitcoin (or some derivitive) doesn't become the next international trade currency.
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107
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Bitcoin / Project Development / Daily blockchain updates on Android Market?
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on: July 07, 2011, 10:27:01 PM
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Is there anything that prevents someone from a regularly updated blockchain snapshot download via Android Market, so that new users (or users that haven't permitted their Bitcoin Android client to update recently) can slurp down a recent snapshot, verify it, and then bootstrap from there?
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110
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Other / Off-topic / Oh Canada!
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on: July 02, 2011, 02:39:53 AM
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To all the frostbacks on this forum, have a happy Canada Day!
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112
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Bitcoin / Project Development / Idea for a bitcoin related project. paid BOINC pools
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on: July 01, 2011, 09:19:25 PM
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If BOINC can be modified to meter out bitcoins relative to node contributions, then scientific mining pools could develop that are paid for via bitcoins. The market value of a block of computational power would be established by this, for (almost) any rational, profit seeking node will switch from scientific projects into pool mining if the scientific projects can't offer at least as much. This would also allow there to be another "killer app" for bitcoin, thus supporting it's value further, while also (perhaps) permitting all those other GPU archs to be able to compete for bitcoins. I'm not a programmer, so I don't know how feasible this idea is.
Thoughts?
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116
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Bitcoin / Mining / Someone just fired up some serious hashing power.
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on: June 15, 2011, 09:39:33 PM
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Dispite the difficulty jump this morning, the average blocks per hour has been rising steadily all day, and now stands at 12 blocks per hour according to bitcoinwatch.com. Looking at the pie chart, it's definitely in the 'other' section, which has nearly taken half of the pie chart from it's normal position of less than 5%.
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117
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Other / Beginners & Help / My account has been hacked.
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on: June 15, 2011, 04:06:28 PM
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My moderators account has been hacked, if you receive a PM from me (MoonShadow) that asks you to click through to any link outside of this forum, DO NOT CLICK IT! It is likely malware.
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119
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Other / Off-topic / Nephew calls me yesterday...
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on: June 13, 2011, 09:50:11 PM
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... and says, "Hey, Uncle. I just noticed today that the bitcoin client that I thought was gone from my computer is still running in the dock. How do I know if I generated anything?"
He's a bit of a gamer, but not a computer geek. He literally didn't notice that he's had a bitcoin client running for months, and he never turns his computer off.
I told him how to check, and then he told me that he generated three blocks since October. "How much is that worth, Unc?"
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120
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Economy / Trading Discussion / Online wallet warning.
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on: June 13, 2011, 03:38:14 AM
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It was bound to happen, today someone was trying to reset my password to MtGox. Make sure your passwords are strong. MtGox really needs a multi stage captcha.
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