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1  Bitcoin / Electrum / Xubuntu 14.10 issue on: January 03, 2015, 05:53:26 PM
Just installed electrum via the instructions on and when I run electrum and try to create a new wallet I enter a loop where it says "Electrum could not find an existing wallet." every time I press next. And that's all I can do no matter what option I choose. It's completely broken Sad.
2  Alternate cryptocurrencies / Altcoin Discussion / New reputation system integration on bitcointalk. Questions for people. on: October 21, 2014, 07:51:37 AM
One of our developers with Bitmark(Leathan) has been working on a Bitcointalk marking integration. So far it works but it's still in the early stages of testing and not ready for full production yet. But I wanted to make a thread to ask people some of their opinions on how they think reputation should be calculated for this specific marking integration.

Having a robust reputation system here could really benefit the forum I think. As we can see that it's not always easy to tell who's worth listening to and who's not. Working it out and getting it right will take a little bit of time but I feel it's a worthy endeavor so any input is greatly appreciated.

For reference, one mark is 0.001 BTM.

If you're not familiar with the marking concept you can check out a temporary FAQ we put up here or ask me anything in this thread here and I'll do my best to answer you.

When you reply to someones post, the syntax will probably be something like this:

someone else's post

+10 great post. i liked the part where you mentioned moolah was a scam!

give me my money back "Alex Green"!

In this case the person you're replying to would gain 10 marks and that data would be recorded on the local bitcointalk integration ledger. And eventually the data will be hashed and the hash stored on the Bitmark blockchain for reference in what we're tentatively calling the 'markchain'.

Here's an example of some real markings that have taken place:

An example of a live marking integration from Poloniex: and

Keep in mind this is still in early testing mode so I wouldn't try to use anything unless you contact Leathan and ask him how you can assist in the testing.

The raw data for each user will be simply this:

Number of marks given
Number of marks received
And then a 'why' string that a user can specify

So as far an an algorithm to help give a good representation of how reputable people are and how they contribute to Bitcointalk, what things do you feel are important to focus on or give more weight to?

Do you feel the registration date of the person who marked someone is an important factor that should be given a lot of weight in the algorithm? If  so, how much relative to other factors?

Do you feel the activity score of the person who marked someone is an important factor that should be given a lot of weight in the algorithm? If  so, how much relative to other factors?

How much weight do you feel should be given to the raw amount of marks given(more marks given is more value received)? Keep in mind that in general reputation algorithms have ways to mitigate abuse such as someone just marking themselves on another account. But nothing is full proof and human judgement by viewing the data on the marking ledger is always the best option.

Do you feel that people should gain reputation for giving marks? Should their marking activity or frequency add reputation? What about the amount they give relative to others?

Should people who give out a lot of marks to people be considering something like 'marking whales'?

How do you feel about having leaderboards to give a good idea of people who contribute positively and have a good reputation? Should there be two leaderboards, one for reputation received and then one for the 'marking whales' who give out the most marks?

Feel free to be as specific as you want. If you have some ideas on how to calculate the reputation score feel free to do so. Each marking integration normally has different requirements and different communities. Poloniex for example created their own reputation algorithm when they started the beta of their marking integration.

Here's a link to the main Bitmark thread and Bitmark News if you're curious:
3  Other / Off-topic / libraries that parse the forum on: September 10, 2014, 07:59:19 PM
Looking for any info related to this. might also be another option.
4  Economy / Service Discussion / Affiliate programs on: August 15, 2014, 04:45:06 PM
Now that Primedice has started their affiliate program, it has made me wonder what other programs are out there.

What other sites offer a competitive affiliate program?
5  Alternate cryptocurrencies / Altcoin Discussion / Is focus on adoption the most important thing? on: August 12, 2014, 05:43:27 PM
I wrote this article. I was amazed at data revealed by Peter R in his post. And I'm wondering if anyone sees it differently.

Do people focus too much on anything they perceive as new? Is it all just a game between speculators and the resulting bag holders?

Do you personally care about actual use, or are you only in this for the daytrading?

I'm obviously biased in favour of Bitmark since I'm involved in the project, but I'm more interested in discussing the concept in general. This doesn't have to be about Bitmark at all.


I came across an interesting post by Peter R on the Bitcointalk forums that really helped put Project Bitmark into perspective for me.

The people who use the currency drive it's price tag:

Quote from: Peter R
The plot confirms for me that the value of bitcoin comes from the network of people who use it.  If we keep finding new ways to use bitcoin, the rest will take care of itself.

This might seem obvious to some people. But seeing data to back up what you've been thinking is always nice. And confirming that we've been focusing on the right thing from the start makes what we're doing with Project Bitmark even more important.

Most, if not all, cryptocurrencies that have emerged this year have focused on developing novel technology that differentiates themselves from Bitcoin. Anonymity, Proof of Stake, exotic Proof of Work algorithms. These are all real technological improvements that have been achieved to varying levels of success so far in 2014. Their value proposition is that they are "better" than Bitcoin. But people seem to be forgetting what makes a currency a currency is the people using it. And making it fun and easy to use is what motivates people to actually adopt a currency and spend it. Not as just an investment, but as money.

A currency focused on adoption is more likely to succeed in the long term than one that focuses on the latest trend on Bitcointalk. Giving people an easy way to use their money is the most important thing that enables a technology to be adopted as an actual currency with utility. Other additional technology that proves useful to that end can be adapted for use when it's proved to be both stable and useful. That should come after, not before, giving people something they can spend. People will continue to pioneer these emerging technologies, and once they have proven themselves, they can be integrated into Project Bitmark. But only if they actually provide value.

The priority of Project Bitmark is to create a technologically stable, easy to use, daily use currency. And that's the focus of our effort. The proof that providing value in that way also happens to also provide price tag value is illustrated in Peter R's chart. Knowing this helps since it enables people to be comfortable in the fact that supporting, growing, and helping Bitmark do what it set out to do will provide real financial benefit. Knowing that you're on the right path, and that you'll be rewarded for it helps toughen resolve.

I want Project Bitmark to be the first alternative to Bitcoin that actually drives toward creating a real large scale network effect driven by actual use of Bitmark as currency. In my opinion Dogecoin has been the only currency thus far that actually put in an effort and flirted with the idea. But they focused on building a community around Dogecoin itself, while we focus on bringing Bitmark and Marking to existing communities instead. Showing people something that provides value and can be adopted by millions of communities that exist already is, in my opinion, a much better strategy than trying to recruit people into a specific subculture based around a meme. It's not that they did anything wrong, their community sprung up organically and will continue to exist indefinitely. But by providing the tools for people to build their own communities(Discourse + Marking being one example) we can spawn thousands of organic communities rather than just one.

It's still very important that we continue to reach out and continue to build our own core Bitmark community. We need more people participating on all levels. Development, design, any value anyone can provide is greatly appreciated. Even just being interested and following the project is valuable. But the core cryptocurrency enthusiasts that surround us are not going to be what defines Bitmark. That will be up to the people who see the value in it and adopt it. People will define the use of Marks in anyway they see fit. Payment, reputation, tipping, content filtering, anything you can imagine. Marking can be used in a infinite amount of ways. It solves lots of problems and breaks down barriers that exist on the web today. People don't have to be into Bitcoin, or be an altcoin trader to use Marks on their favorite website. But the door will be open to them if they decide they are interested and want to learn more.

So if you're new to Project Bitmark, or you've been here from the start and wonder if adoption really is the most important thing a currency should focus on, the proof is there with Bitcoin. Bitcoin has yet to have a real competitor when it comes to competing against it as a currency. Every time a new store takes Bitcoin, that's a new store that now has the technology in place to accept Bitmark as well. And we can find out what their problems are and solve them directly with Bitmark. Give them another alternative and tailor our value proposition to them. Bitcoin is clearing the path and making it easier for us. We're in a very good position to take advantage of that.


A. Marha

Bitmark Community Manager


Project Bitmark is 100% community supported through donations. No IPO, no premine, no instamine, nothing unfair. Just a bunch of people who want to make a useful currency. Come join us on Github, IRC, or our Bitcointalk thread:
6  Economy / Economics / If you had to choose one fiat currency to keep your money in... on: July 15, 2014, 10:57:23 AM
which one would you choose and why?

What currency do you think has the best chance of keeping its value over time?

Also, out of the major currencies which one do you think is the worst one to keep your money in?

7  Bitcoin / Bitcoin Discussion / Will we see a 'golden age' of Bitcoin startups in the near future? on: July 11, 2014, 06:50:20 PM
With Mike Hearn's Lighthouse and things like Swarm coming, are we going to see mass funding of promising companies that might change Bitcoin for the better?

Outside of Bitcoin, in Silicon Valley startup incubators like Ycombinator have been attracting some of the smartest young minds to try their hand at starting the next dropbox or heroku. The immediate financial incentives are incredibly small considering the options that a young coder in Silicon Valley has(it changes, but it's probably not more than 20k upfront to each company).

So my question is if we're going to see some of that spill over into the Bitcoin world now that we have some infrastructure being developed that will hopefully enable the free flow of capital to those who deserve it.

I've followed Bitcoin for many years now and Bitcoin 'investments' in general have been wrought with scams and incompetence. Will it be different now?
8  Economy / Speculation / Has technical analysis been thoroughly debunked in the bitcoin community yet? on: July 05, 2014, 04:46:39 PM
Or are there a lot of people still following technical indicators and such.

Of the people who still choose to follow technical analysis, what's popular in bitcoin? What are people using?
9  Bitcoin / Bitcoin Discussion / What would regulation actually look like? on: July 04, 2014, 04:13:38 PM
There's always this spectre of 'regulation' hanging over bitcoin. If the US, or Japan or another major country decided to regulate bitcoin, what would we expect to see exactly? How do you think they would approach it? What sort of impact would you think it would have on bitcoin, either positive or negative?
10  Other / Politics & Society / Is it unethical to participate in a Ponzi scheme knowing full well it will fail? on: June 27, 2014, 05:38:33 PM
If someone "invests" their money in a Ponzi such as Pirateat40's infamous Bitcoin Savings and Trust, knowing that it's a Ponzi scheme from the beginning but hoping to get their money out before it fails and make a profit, is what they are doing ethical or not?

Knowing that there are some people unaware of the nature of the Ponzi and that those people will very likely lose their money, does this make taking advantage of the scheme wrong? Or is everything fair game, buyer beware, every man for themselves ect. ?
11  Economy / Economics / Would a modern options and derivatives market reduce or increase volatility? on: June 27, 2014, 05:11:37 PM
In another thread on here people were talking about hedging bitcoin with derivatives and it made me wonder what sort of effect they would have on bitcoin if we had a robust market for those types of financial instruments.

What do you think?
12  Bitcoin / Bitcoin Discussion / Has the coming of Bitcoin started a 'Golden Age' of black hat hacking? on: June 23, 2014, 11:05:50 AM
With all the hacks over the years I'm wondering how the black hat community thinks about this era with regards to the amount of money that's available for the taking without consequence.

I would imagine it's been a boon to the scene since I can't really imagine a better way for hackers to gain immediate results from their skills. Before I suspect a lot of those black hats dealt mostly in selling information and access to resources such as botnets, but now they can just directly steal value from their targets.

Bitcoin is the perfect incentive for black hats and hopefully and one point we might see some resistance from white hats attempting to protect the community by helping to secure bitcoin businesses before they're hacked. But until that happens we'll probably continue to see sites fall prey to hackers.
13  Economy / Speculation / Highest percentage of portfolio that is reasonable to keep in btc? on: June 21, 2014, 08:10:16 PM
What do you think is the highest amount percentage wise someone should devote to bitcoin in their investment portfolio?

How much is too much? Even for someone who is not risk adverse?

Does age matter?
14  Other / Off-topic / Does using Adblock Plus make you more secure? on: June 20, 2014, 01:21:36 PM
Does Adblock Plus block scripts and phishing attempts from 3rd parties on websites that might target your wallets/exchange accounts?

I know the most secure thing would be to disable JS altogether. But is this a middle ground that still lets you use the functionality of most sites?

I hear that a lot of people are getting their and BTC-e accounts hacked and it makes be suspisious of third party attacks being inserted on sites via an ad campaign.

Good idea or useless?
15  Economy / Economics / How high a of a market cap would bitcoin need to have to be 'stable'? on: June 19, 2014, 04:47:40 PM
Or at least different market caps for different levels of stability.

What is your estimate for +-1% variation and +-3% variation. Or what do you think is the most realistic +-% range that we'll see?

Gold is what, 9 trillion? And it's still often volatile. I'm guessing this is purely due to speculation.
16  Bitcoin / Bitcoin Discussion / Would it be better for us to call Bitcoin 'pseudo-decentralised'? on: June 19, 2014, 03:35:24 PM
Do you think it would be more intellectually honest if we as a community stopped calling Bitcoin a decentralized digital currency?

When Bitcoin started out the majority of people called it an anonymous cryptocurrency. And it took a little while for people to correctly refer to it as pseudonymous.

With the way mining has evolved and continues to evolve outside of what Satoshi had envisioned I feel that we should be fair in our description of what Bitcoin actually is. At least at the moment. Hopefully changes are made at the protocol level. But for now this is the reality.

This should also apply to any altcoins that share a similar model. I don't know if there are altcoins out there that could call themselves truly decentralised, but the ones that are traditionally mined are probably even more centralised than Bitcoin.
17  Other / Off-topic / This thing is pretty good on: June 18, 2014, 04:24:32 PM

It guessed Satoshi Nakamoto Tongue

18  Bitcoin / Bitcoin Discussion / Why didn't people make a big deal about mining pools at ~33%? on: June 18, 2014, 12:58:59 PM
How is bitcoin a trustless currency when you need to trust mining pools not to attack the system?

Look at this article:

Bitcoin could be a trustless currency if there were measured implemented to prevent centralisation of mining power.

We know the current situation is not how Satoshi intended it to be. I think if he didn't go away he would have come up with a solution a long time ago.
19  Economy / Speculation / Mt.Gox used to have dark pool trading... on: June 13, 2014, 08:09:32 PM
I remember that being pretty interesting when people were buying and selling coins through the dark pool.

I'm not sure what to think of it really. I can see the advantages for large buyers or sellers in some cases depending on the state of the market.

Has a site ever considered bringing something like that back? Is it unethical to offer that(I have no idea, the whole thing confuses me a bit to be honest)?
20  Bitcoin / Bitcoin Discussion / The obvious attack vector? on: June 13, 2014, 08:00:09 PM
As evidenced by miners clearly being influenced by their short term economic gain it seems a bad actor could launch a >50% attack much more easily than actually hashing the majority of the network themselves. All it would require is a pool run by a bad actor that simply offered economic incentive sufficient to attract miners away from Ghash et al. If miners as individuals are incapable of ignoring the lure of immediate gain, the bad actor could simply operate a pool at a loss for a short period of time and gain control of the network. This would be much cheaper than any other way of mounting this sort of attack.

This is the main issue as I see it. Thoughts?
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