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Is there a SolidCoin 1.0? Is that essentially the same as 2.0?
Also, this should definitely be stickied IMO.
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Hello, I noticed blindbitcoin.com is down. Has this been discontinued?
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Hi Silk Road ops, I'm just wondering if you guys are taking any precautions against LEO infiltration... how would you detect this? So far I've seen nothing I don't like about the site  |
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This is effectively a $5,000,000 reward for breaking elliptic-curve cryptography: http://blockexplorer.com/address/1PZjfkLZBT7Q3UFmyEWH8QtuzTMi3MUiBj The public key for this address is in the blockchain. Bitcoin's security also rests on SHA256's security, but so far there have been no useful attacks. I think the cryptography and blockchain rules are very robust. What is maybe less robust is the Bitcoin software and network protocol. If we have any problems, it will be because of software/protocol problems (buffer overflows, DDos, poison nodes, etc.), not problems with cryptography or rules of the Bitcoin blockchain. When I have some time, I'm going to work on auditing the Bitcoin source. If you'd like to support me, donate here: 1uWY36pcXhLC4V4pZ2eZFScRaUPXgPEwC |
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No source, no reality. Article 1 sec 8 states what the US Gov *CAN* do, and specifically it says that it CAN MINT COIN, that it can regulate the value of that coin. It does not give the US Gov *ANY* legal standing to make ANY other form of currency, trade, barter, etc, illegal. Period. Read the constitution. That which is not EXPRESSLY allowed is forbidden -> http://en.wikipedia.org/wiki/Everything_which_is_not_forbidden_is_allowed it applies specifically to the gov, if they're not EXPLICITY, DIRECTLY allowed something, then it's forbidden. Basically, the most they can try to do is say "bitcoin is worthless here in the US in terms of the dollar" -- they can say that until they're blue in the face, but if private entities accept/trade it, well, nothing they can actually do. Just like now. Does the Constitution allow Congress to create the IRS and enforce income taxation? http://en.wikipedia.org/wiki/Internal_Revenue_Service#American_Civil_War_.281861.E2.80.9365.29Hmm, it doesn't look like the Constitution stopped them! |
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as i asked above, wouldn't confining your browsing to the VM go a long way to protecting your wallet on the host?
Yes, it would help. I would use a VM that doesn't try to do fancy optimization like using hardware virtualization or x86-to-x86 translation. A simple, "pure" VM has less opportunities for its programmers to screw up and introduce security holes. Maybe QEmu?Do as little as possible outside of a VM, and have Bitcoin running either outside all VMs or in a separate VM from your browsing/email/whatever. Also, see my thread about Qubes: http://forum.bitcoin.org/index.php?topic=11837.0;topicseen |
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Do you know why an integer implementation is insecure as stated on the Wikipedia page? I built a toy implementation in Mathematica but I can't see any way one could recover the constant term with fewer than k-1 points on the line.
I'm not sure, but I believe it has to do with the infinite extent of integers. I'm guessing that if you did it only with integers modulo a large prime number, it would be more secure. I encourage you to read up on it  |
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I'm a little disappointed that there was no poll option for "it is inevitable, but concerned citizens should do their best to help law enforcement catch anyone involved" I strongly agree with this. Agorism / market anarchism doesn't give people license to act immorally. Indeed, people have a duty to prevent infringement on others' rights to life, liberty, and property. That's how I feel about the Silk Road too, incidentally.
I strongly disagree with this. Who's the victim here? |
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Is there a way to either link Dwolla to a debit card, or easily buy or fill up pre-paid debit cards directly with Dwolla? If there were a faster way to convert Bitcoins to USD than waiting the 2-3 days for Dwolla withdrawals to reach my checking account, I'd jump on it I'd be able to have more of my money held in Bitcoin, since there would be less risk. |
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[...]What good are your bitcoins if you can't easily trade them for cash. I think you missed the point of Bitcoin entirely... Go smoke some more weed 'k. |
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"Online currency caches, such as PayPal, are beginning to accept the online coinage." What?
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But how do you chop down the password? What if you have 3 pieces, but 2 of them are the same?
No, all three pieces would be different. The secret-sharing algorithm does the chopping down automatically and correctly for you. |
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Okay, you have a good point.
10% off the price if the sticker is aesthetically pleasing or witty.
When you say sticker, you mean a sticker that we send you right? How big of a sticker will fit there? Would you be willing to put up a large sticker advertising domain names for dating, escort service, etc.? Also what is the traffic like. Slow moving or fast? During rush hour (really about 3-4 hours each work day), the traffic goes 5-10 mph on that stretch of highway. As for size, the limiting factor is how long it takes me to firmly attach it. I want to do it in a few seconds, so perhaps a 1 foot by 1.5 foot sticker is the largest I'd consider... also, pick an adhesive that will stick to rough concrete. Advertising anything is fine. |
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all the hype and news surrounding bitcoins sound like they exactly did back in 1999 when pets.com stock was worth $600 per share.
Is it a bubble? Bitcoin's long-term success depends on its security and usefulness as a currency. With a bubble, an unsound investment is hyped up. But hype does not imply a bubble. It's only a bubble if the value is more than the "real" value of the investment. |
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The problem is that you must secure your wallet from both loss AND theft, but to reduce the chances of loss by making more backups, you increase your chances of theft. The answer: use Shamir's secret-sharing scheme. Wikipedia: http://en.wikipedia.org/wiki/Shamir's_Secret_SharingCommand-line implementation (ssss): http://point-at-infinity.org/ssss/You could store one copy on your hard drive, one you email to yourself, one on a USB key drive, one in a safe deposit box, one in your safe, one with a friend, etc. If you have shares stored in 6 different locations, and you require 3 to recover the password to your encrypted wallet, then you can lose 3 of those shares with no problem! A thief would also need to get 3 of the shares to recover the password. |
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Decision tree for BTC -> Ron Paul:
Does he have a Bitcoin address? No? Then does he have an email and a public key?
If so, email him a wallet.dat encrypted to his public key, along with an explanation of Bitcoin and its value.
If no public key, just send it unencrypted.
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[..]Ron Paul is an Americunt's "green party" as we have here in Canada. They are used to remove anybody that doesn't fit nicely into "republican" or "democrat" molds from the polls. They will never win, and anybody who votes for them is wasting a vote.
If the two-party system here in the USA is broken, if both Democrats and Republicans have loathsome policies, wouldn't we be throwing our vote away whatever we do? |
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The benefit early adopters gain is seriously overblown because people assume that the early adopters had absolute, unwavering faith in Bitcoin's future. If they hadn't, then they would have cashed out at any one of the numerous price jumps in Bitcoin's history.
If you have a lot of Bitcoins, but believe Bitcoin is doomed to fail, why not reduce your risk by converting to a less risky (from your perspective) investment?
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There are three aspects that the current Bitcoin system and Suggester's solution share and which you wouldn't like to have in a currency:
1. A Bitcoin's current value is determined by the currently socially necessary labour time to produce one bitcoin. You have it backwards. The time to mine one bitcoin is determined by the difficulty level, and the difficulty level is approximately determined by 1) the value of Bitcoins, 2) the number of Bitcoin users, and 3) the level of "mining enthusiasm". The value of one bitcoin is determined by people's beliefs in what goods and services they can get for that bitcoin in the future. 2. Money supply is severely restricted.
Bitcoin is only a Ponzi/pyramid scheme without any use besides speculation. You cannot create money as it is needed. There would be no banks, no credits, no interest rates. This system can never work in a growing capitalist economy. It can't measure the value of the produced goods because there can never be enough Bitcoins. How can you be sure there's enough USD or Euros? If central banks determine there's not "enough" of their currency, they issue more and the value of each one is diluted -- inflation.Credit is entirely possible, as are banks. You don't need a fiat currency for those. We had both credit and banks when currencies were backed by precious metals. Here is my litmus test for Bitcoin: are Bitcoins being exchanged for real goods and services (not mining paraphernalia)? If so, then it's not a Ponzi/Pyramid scheme. 3. A huge part of the economy serves only the mining of Bitcoins.
Since Bitcoins are produced only with electricity and computing, a great part of capital (means of production and labour) has to be expended on the production of the society's money. This is economically and ecologically insane, to put it politely! Even under Suggester's model an economy could only grow as the Bitcoin mining industry grows. Just imagine nearly every worker working for an electricity/Bitcoin mining company. This industry would invest all its profits in Bitcoin mining and draw capital from all other industries. Soon there would not be any other industry than Bitcoin mining and related industries. [...]
I think you greatly over-estimate the need for mining. It seems to me that most of the mining going on is driven by enthusiasm, and is happening at a loss. When the enthusiasm passes, the only mining will be done by people making a profit, and so there will be much more real economic activity in proportion to mining activity. |
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