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1301  Other / Politics & Society / Re: Anyone following the ebola outbreak? on: October 01, 2014, 03:03:46 AM
How can the ebola comes back after decades dorment?

I guess it is a proof that there is another way of transmission other than from people to people ehen they are in their worse condition.

But no one knows what it could be.


So no one can know for sure wether it can spread for other parts of the world or not.
It is a cross species virus.  Or so the latest research indicates.
It may not kill other types of animals so, they can carry it much longer.  Bats, monkeys, not certain but lots of possibilities.  Some have thought that even house pets may be able to be carriers.

If rats can carry it... very bad news for cities.  Difficult to quarantine those.
1302  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Monero Economy Workgroup - Now open for registration on: October 01, 2014, 02:11:34 AM
(Speaking as an MEW member.)

Agree with NewLiberty's post. I'm not sure about this whole multinational use case (not saying it isn't valid, just that it all seems a bit speculative) but his analysis on the other items is spot on.

Note that #1 in particular is more about defining an "industry standard" and much less about coding. The MEW or a working group appointed by MEW can handle this item completely as long as the developers have some input on the final proposal to be adopted to ensure no feasibility problems. Also somewhat true of #3.

It is less speculative than you might think.  I was asked by a service provider for multinationals to investigate the potential for solving that use case.  Monero is the current front runner.  It is a significant factor as to why I am involved in Monero at all.  The need is real.  The current workaround is buying an in-country bank, which is expensive and comes with its own set of problems.
1303  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: October 01, 2014, 01:25:16 AM

xmr added to cryptsy voting list. i guess that means whatever issues they had with monero have been solved.

rally imminent?

vote here: https://www.cryptsy.com/coinvotes


Fantastic! Voted!

Currently in #5 spot at 7606 votes.

And it looks like we have a bottom cementing in on the price.
1304  Other / Politics & Society / Re: The Illuminati discussion thread Do they exist? on: October 01, 2014, 01:18:07 AM
No. the Illuminati joke is getting old. Not a single prove for their existence whatsoever,so like god they are fake.
Well spoken!
Just like an Illuminati aspirant to deny its very existence!  
This is the way to keep our secrets safe in the shadowy places.  
Watch and learn,  
Watch and learn.
1305  Other / Politics & Society / Re: Anyone following the ebola outbreak? on: October 01, 2014, 01:13:59 AM
One unique and terrible feature of the epidemic is the fact that doctors, nurses, and hospital staff are getting infected and dying at an unprecedented rate. The WHO has reported, as of September 22, that 384 health-care workers have gotten the virus and 186 have died.

That means 198 doctors and nurses can now work directly with the infected without protective gear, since they are now immune.

I wasn't aware that one could be immune from the ebola virus.

Once you get infected and beat it (i.e. don't die) your body has the anti-bodies for it, and you become immune.  Smiley

384 workers got infected.  198 didn't die and are now immune.
There is apparently immunity from exposure and antibodies, it is not determined the length and effectiveness, but presumably it is pretty good.
There are also a few different known strains (and other hemmoragics), they haven't verified cross-immunity yet, but they may also be immune to other strains (or not).  Also reputedly negative blood types are somewhat less susceptible.
1306  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: October 01, 2014, 01:03:39 AM
I believe they are hoping in vain, because the "new money" not yet invested, does not see such a coin as a very interesting investment and do not buy it. So instead of a rise, a fall in value is the result.

This is why I've always believed in a perpetually increasing (or difficulty-dependent) block reward... it encourages use as a currency (medium of exchange) as opposed to an investment vehicle, and new adopters are never punished for arriving "late".

Imagine a coin with a difficulty-adjusted block reward of 10 coins per 1 billion. Block rewards would be very small during the coin's early growth, but would scale up or down with the network. When difficulty reaches 1.45 billion (XMR's current difficulty), the reward would be 14.5 coins. This would also be the most fair and fungible crypto, as all coins would cost roughly the same hash power regardless of when they're mined.

I like this notion and have fostered it myself, though I don't think it is the whole picture.

Bitcoin is perpetually inflating.
In the current picture up until 2140.
It goes well beyond this when the decimal point moves.

Coins are lost/destroyed over time too increasing scarcity.  So there is more to it than just the difficulty, but that should be considered.
1307  Alternate cryptocurrencies / Altcoin Discussion / Re: [Bitshares] bitUSD discussion on: October 01, 2014, 12:34:37 AM
Thanks for that, looks like I have some reading ahead of me.
Very curious about all this.
1308  Other / Archival / Re: delete on: October 01, 2014, 12:30:16 AM
What attack day # are we on now? Like 8? 9? 10?

 Cheesy

Almost 10 days, XMR is down 14% since then, so, I would say the attack was only minimally successful. I think BCX has the ability to disrupt the blockchain but only for minutes at a time.

Speaking of that, there hasn't been a new Monero block in 20 minutes..  

Check this: http://chainradar.com/xmr/blocks

Looking fine

BCX has been pretty clear in that BCX doesn't care about the price or money.
Change in price is irrelevant, that is just the fear, or whatever.
So far no evidence of an attack other than a DDoS or two, and BCX does not claim that as part of any attack that I know of.
1309  Other / Off-topic / Re: Deadly Virus Ebola Reaches United States - One Confirmed Case - Effect on BTC? on: October 01, 2014, 12:25:54 AM
There is already a longish thread on this:

https://bitcointalk.org/index.php?topic=713547.0

15 pages and growing.
1310  Other / Politics & Society / Re: Anyone following the ebola outbreak? on: October 01, 2014, 12:24:05 AM
http://www.miamiherald.com/living/health-fitness/article2355425.html

Ebola in the USA now.
1311  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Monero Economy Workgroup - Now open for registration on: September 30, 2014, 11:23:51 PM
Sadly my knowledge of the benefits of the code in question is lacking, I would need to see the time each piece would take to implement and the overall benefit to the coin, I suspect you have already taken that into consideration when you ranked them. Could I suggest a bounty system for the winner of the vote with the dev able to complete the code in question eligible for some XMR, or would offering individual prizes lead to duplication of work?

I'm interested in the projects that the less technical skilled members of MEW could take on, should people be encouraged to post ideas in this thread for a group vote?

Thanks for this.
There is really far more to do than there are people doing it, so your suggestion is on point.  There are a ton of business activities as well as the every-day grass-roots effort of getting people to even understand what this is and what it can do and how it can change the world in amazing ways...  For every technical activity, there are 10 or 20 non-technical, and plenty of room for each of us to pitch in and make it happen.  I don't want to go into payment mechanisms to development and incentive structures (mostly because its not a big concern for me), but that may be another thing for you to lobby to get the 10% quorum in order to bring up to a vote.  I'd heard using bounties was not well received in this project, but really its not my bailiwick.

These 4 are things that I think will 1) bring us closer to the GUI wallet full functionality, but also 2) open up business opportunity in the near term even before the wallet is ready.  If you think "no vote before effort assessment" and we can't get 10% that want to vote on this proposal, then we can probably get a 10% quorum to vote on asking to get effort assessments, and pass that with a simple majority.

Here is a bit more to think about on this proposal so far:

#1 is what is needed to get paper wallets, coin-wallets, all that sort of thing.  There are lead times for making items that can be quite long in some cases.  Having this will start the clock rolling on that.  So I put it first.
#2 is something business and accounting will require.  To me, the killer app for Monero is not the "i fear my government" folks.  No, it is the 100% legal high finance and multinational business enterprises internal settlement accounts.
Here's why: If you are the C-level exec doing business internationally, and you are looking to expand in a foreign region, you are going to run up against entrenched interests.  In many/most areas, these will include the local banking systems.  If you want to keep your business advantage of first mover and avoid industrial espionage risks letting the in-country folks collude against you, you want a way to move your money within your company in private OUTSIDE THE BANKING SYSTEMS.  Sure you could use Bitcoin for this, but with its public ledger, if the opposition has half a clue, they can track it.  Sure you could take steps to obfuscate the transactions, but then you can't delegate it to your low level functionaries.
MONERO solves these problems in ways we do not expect Bitcoin to address anytime in the near future.

And here's the kicker, that market is 100x what Bitcoin is today.  Even if the only one doing it was Apple Computer, it would overwhelm the total market cap of Bitcoin today, and there are 10,000 companies in this situation.
It's #2 because there are a lot more pieces needed to do this, but this one is crucial.  It will have to be perfectly internally auditable, and perfectly obfuscated externally.

#3 is the Small and Medium Enterprise function.  Merchants will need this.

#4 is for basic reliability.  We have to have usage, but when they have it, it needs to not break.  I think if we asked our developers to do them in this order, we would be well suited to engage marketing solutions more swiftly.

These are designed around business needs, geared to promote success of the technology, and to take us to the next level. 

If we get to 50%, we can send it as a request for development priority to dev team.  Short of that, we can talk about this or other proposals, but I am also looking for some quick actionable things that we as a functioning body can put forward to get things moving.
1312  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 30, 2014, 08:25:58 PM
we're sorry Justus.  please don't get mad at us.

if you hurry, you still might snatch some.

...doesn't work that way. I send an CHF-denominated invoice on the last day of the month and get paid in btc based on the daily average exchange rate as of the invoice date.

Invoicing tomorrow...

Better tomorrow than the day after.  And it is tomorrow sooner there than most places.
1313  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade) on: September 30, 2014, 07:19:49 PM
I don't understand why people support paid voting for an exchange to list a currency, especially when that currency is already listed on another fine exchange.  These paid votes are worse than any government tax as it serves no legitimate function, and nothing is done with that money except line the recipients pocket.  it is just a bribe.

I like Poloniex...I could give 2 shits if XMR gets traded on Cryptsy.

I'm with you.  (Not much caring whether its on Cryptsy or not.)  It decentralizes only a little.
Probably folks do paid votes as just an individual decision.  It makes sense for the exchange, to cover the setup costs.  I may also make sense to folks that like to stick with one exchange and already use it.  If their time is worth a little money and they figure that they will save some time by not switching back and forth.
1314  Alternate cryptocurrencies / Altcoin Discussion / Re: [Bitshares] bitUSD discussion on: September 30, 2014, 07:09:17 PM
After thinking about it more, selling BTSX for a Bitasset does technically create downward pressure on the BTSX market and upward pressure on the Bitasset market, however I think that downward pressure on BTSX is negligible.

I'll drop the wash sale issue for now, but for US/EU it would be something to look at.  (The same thing happens if you sell a Gold ETF and use the money to buy physical gold.)

For the "diversify" issue, please allow my attempt to make it simpler, and tell me if you think I am wrong?

Quote
Selling the BTSX for a Bitasset is selling into what might be presumed as a strong hand as the buyer/asset creater is required to hold sufficient BTSX to back the Bitasset (2X value of the Bitasset).  Downward pressure is created in the BTSX price by the sale, and upward pressure (2x) is created by the backing requirement.


It may be an unintended consequence, but the market effects of this would also seem to create a complexity risk with every Bitasset created and every Bitasset purchased for BTSX.  All asset creators are required to maintain the backing value for their assets, thus bidding the price of BTSX back up (and draining them of fiat) when BTSX is sold for a Bitasset.  The counterparty solvency risk gets further compounded with each asset created and again with each asset sold.

This system could benefit from some anti-fragility.  It appears there may be some possible economic disruption risks.  You will need very wealthy asset creators, none of whom may become insolvent, for they could be drained of their wealth to support the BTSX price by a more wealthy market player who already has a 2x advantage due to the backing requirement enforced.

I can't say that it would ever happen, but it would seem that there could be some nasty waves that may overturn some boats (followed by some feeding frenzy), if something big were ever to breach water in the pond. 

It seems a decent system, but would have to run it through some game theory analysis to work out if the vulnerability here matters.
1315  Other / Politics & Society / Re: The Illuminati discussion thread Do they exist? on: September 30, 2014, 03:35:20 PM
The preservation of math, technology and knowledge in a world that deemed it "black magic" was a noble quest and is a continuing work.
The parallels to our endeavors are not insignificant with respect to freedom and privacy.
Welcome to the illuminated.  With this understanding, you are on the path of transcending.

Your next step on the path is to contemplate the moebius manifold, for we transform from within, and yet there is no entrance.

For the sign post on this journey, contact Clifford Stoll (yes that Clifford Stoll) and acquire one of his klein bottles.  This shibboleth will guide your meditation to the next sign post.
http://www.kleinbottle.com/index.htm
1316  Alternate cryptocurrencies / Altcoin Discussion / Re: [Bitshares] bitUSD discussion on: September 30, 2014, 03:13:20 PM
All I see in this thread are CoinHoarder giving level-headed, unbiased arguments and krach flopping around trolling BTSX and attacking CoinHoarder for being a BTSX delegate, as if there's something wrong with that.

Krach's opinion of BTSX obviously won't change, so there's no point in flopping along with him.

I am working to understand it.  It seems to have some implications beyond what might be obvious.  I don't really care what roles and interests individuals have, what I care about is the technology and some-but-not-all of their dialog is helpful for my understanding.
It seems to be potentially REALLY useful, but I can't seem to wrap my head around it all from the descriptions, use of novel terms, and use of existing terms with what may be new meanings.
I may have to wait until I can look at the code.
1317  Alternate cryptocurrencies / Altcoin Discussion / Re: bbr and monero should join forces and combine coins on: September 30, 2014, 02:17:04 PM
I support the idea, in most any form.  It is the path from here to there that is hard.
The "plays well with others" issue is something we start at around the beginning of school, and never finish learning so long as we continue meeting new "others".
It is worthy of discussion, but the only discussion that really would matter in the end is between the developers themselves.
1318  Alternate cryptocurrencies / Altcoin Discussion / Re: [Bitshares] bitUSD discussion on: September 30, 2014, 01:29:56 PM

In the event that a bubble does occur, people can diversify into bitFIAT to reduce the amplitude of the bubble and reduce your exposure, and that is unlike any other cryptocurrency where you would need to actually sell them to reduce exposure which creates downward pressure on the market.

Can you describe the difference you see between "diversify into" and "actually sell".

Let's say you think a cryptocoin is at the top of a mini bubble and will likely go down in value in the short term.

With most cryptocurrencies you would need to sell them on the market to reduce your exposure which creates downward pressure on the market. Money exits the cryptocurrency's ecosystem for another cryptocurrency or FIAT. You could do so off of services or exchanges, but it is not convenient nor quick, and has counterparty risk involved.

With BitsharesX you can instead buy bitFIAT which are backed by BTSX, and thus there is no downward pressure put on the market and no money actually leaves the BTSX ecosystem. Yet, the end result is similar as you still reduce exposure to a downward price swing. There is no reason for the price to go down unless someone wants to exit the BitsharesX ecosystem all together.


In your "diversify into" example.  With what am I buying bitFIAT?  Is this new investment?  Do I still own the BitsharesX that I am expecting to decline in value?  If I do not still own the BTSX, who does?  Why does my selling them not cause downward pressure?

I am not yet finding any difference between "diversify into" and "actually sell" other than "diversify into" includes also purchasing bitFIAT which from the sounds of this "backing" system may create wash sale tax loss implications for me, increasing my risk and limiting my gains due to the way that taxes work.
http://www.sec.gov/answers/wash.htm
1319  Alternate cryptocurrencies / Altcoin Discussion / Re: bbr and monero should join forces and combine coins on: September 30, 2014, 01:20:11 PM
BBR has slightly different POW and internal algorithmic philosophies that make it an important unique CN coin, if you want to join Monero with other coin, BBR is not it.
This is what robinwilliams might have been getting at with the too good comment in OP?
1320  Alternate cryptocurrencies / Altcoin Discussion / Re: bbr and monero should join forces and combine coins on: September 30, 2014, 01:12:13 PM
It would be nice to have some pools merge mining these. 
That would be a way to benefit both (it would benefit BBR more than XMR, but both come out ahead).
Could be an early step anyway.
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