Do you mean the private keys are on your machine only at the time of a transaction?
Yes. I have been using Addresses generated off-line with Vanitygen. I only copy the private key immediately before sending the funds. I installed multibit for "normal" transactions, but have not been able to actually spend any funds with it yet. I think technically, all the coins are actually stored in the Block-chain  PS: I am not necessarily advocating other people adopt my practice. Manual transactions are error-prone and may involve unusually large mining fees if you are not careful. I hope to upgrade to N-of-M +P2SH transactions for savings, but that is likely off-topic. It seems a pretty safe method, except the needing to be careful part. Sort of a manual form of trezor. |
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Excluding broadband internet from common carrier regulations keeps completion out of the industry. With copper lines, which do fall under common carrier, you provider has to provide you with the contracted bandwidth and you are free to resell it if you wish. Broadband providers do not have to follow these rules. I just moved into an apartment and I am having a terrible time dealing with Comcast just to get simple fucking internet (it's been over a week since I moved in). If I had any other options for broadband, I would love to give them my business. But regional monopolies dominate and even when demand is strong competitors can't get a foot in the door by buying from the monopoly provider. Networks are expensive to build and maintain, which is why centralization is such a strong force in these industries. Common carrier regulations were put in place to help balance this tendency and promote competition. If a stronger Comcast is so great, why am I typing this on my phone when I have a really nice desktop?
Because bitcoin. The internet is fundamentally broken in part precisely because it doesn't include any economic protocol until now. There are a great many tragedies of the commons that occur from this: spam, pervasive advertising, all you can download/upload pricing, that you even have to pay for it at all if you are getting just basic internet is a symptom. Letting the providers use the available technology to solve some of these problems is not such a bad thing. There will always be folks that just enjoy using law to stop technology, but that doesn't make it better. For your particulars, I don't know where you are, but I've never lived in a location that had so few choices for network. My priorities are likely different as I wouldn't have considered living in a place without more choices. If it doesn't have cable + DSL + wireless + nearby fiber + satellite availability, for myself, it could at best be a vacation rental. Certainly not a place I could live / work. Your vote with your rental payment has more sway than the ballot box. |
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Scotty...
On the Tues 28th, David Bailey (HardBTC CEO) and I will venture up join you in silicon valley.
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This is big govt vs big telco. Telco wins. Probably a good thing for people and companies that use their networks. MPLS QoS means that things that need real-time responsiveness can get it, so your skype call doesn't get choppy when your email attachment is coming across. Not the end of the world, and likely a good thing for progress. It's a good thing, so long as we can control these parameters ourselves. If I want to prioritize things differently then I should be able to. In fact, I could already. This is the telecos wanting to take over prioritization in the name of optimizing their networks. Of course it is technically trivial to just ignore user priorities, but until now it was thought to be against antitrust regulations because it enables, for example Comcast, to prioritize NBC's content (which they own), and deprioritize Fox's content. Other networks might deprioritize NBC to harm Comcast. This is a surrender of freedom. By ourselves, you mean free to buy network connections as you like, or be prevented by government from these being made available. I buy "business accounts" from my telco and do my own prioritization. Large companies pay for QoS prioritization and love it for the last 20 years, finally consumers can get a taste of it. For most people they won't care, won't notice. The things you are afraid of (NBC vs Cox) are already illegal under other laws in most jurisdictions (oops, sorry Italy) and are not an issue here (in the USA where this particular legal battle is fought). If you really want to worry about something in regards to this, your radar is seeing only the media chaff, while the missile sails right through. The operation of packet inspection for prioritization contains metadata that could ultimately be seized or subpoena and provide a deeper intrusion to privacy by TPTB. This can show what protocols each of us are running on our networks, and that may be far more interesting than the prosaic notion of whether the ads and services you are getting are for the company from whom you are buying a network. Think deeper. Deep packet inspection by ISPs has been going on for at least a decade. They never needed priority as an excuse. But keep on cheering for more centralized control of our networks. If you remember your history, all networks were controlled by government. All the PTTs... The increase of shifting of control from government to private enterprise is less "centralization" not more. |
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well, I have been using the sx tools to manually build transactions: without having the coins actually stored on my machine until I move them.
The project seems to be a effort to tie together a bunch of separate tools that together can replace Bitcoind that tries to do everything.
We probably think about these terms differently. So I translate in my head when I read this, so please excuse my misunderstanding. I never think of coins as stored on any machine except all of them, in the block chain, but to me it seems what you are saying is that you have coins spendable by a private key which is only sometimes stored on your machine? A private key can be recorded on a machine, or not. Do you mean the private keys are on your machine only at the time of a transaction? |
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This is big govt vs big telco. Telco wins. Probably a good thing for people and companies that use their networks. MPLS QoS means that things that need real-time responsiveness can get it, so your skype call doesn't get choppy when your email attachment is coming across. Not the end of the world, and likely a good thing for progress. It's a good thing, so long as we can control these parameters ourselves. If I want to prioritize things differently then I should be able to. In fact, I could already. This is the telecos wanting to take over prioritization in the name of optimizing their networks. Of course it is technically trivial to just ignore user priorities, but until now it was thought to be against antitrust regulations because it enables, for example Comcast, to prioritize NBC's content (which they own), and deprioritize Fox's content. Other networks might deprioritize NBC to harm Comcast. This is a surrender of freedom. By ourselves, you mean free to buy network connections as you like, or be prevented by government from these being made available. I buy "business accounts" from my telco and do my own prioritization. Large companies pay for QoS prioritization and love it for the last 20 years, finally consumers can get a taste of it. For most people they won't care, won't notice. The things you are afraid of (NBC vs Cox) are already illegal under other laws in most jurisdictions (oops, sorry Italy) and are not an issue here (in the USA where this particular legal battle is fought). If you really want to worry about something in regards to this, your radar is seeing only the media chaff, while the missile sails right through. The operation of packet inspection for prioritization contains metadata that could ultimately be seized or subpoena and provide a deeper intrusion to privacy by TPTB. This can show what protocols each of us are running on our networks, and that may be far more interesting than the prosaic notion of whether the ads and services you are getting are for the company from whom you are buying a network. Think deeper. |
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This is big govt vs big telco. Telco wins. Probably a good thing for people and companies that use their networks. MPLS QoS means that things that need real-time responsiveness can get it, so your skype call doesn't get choppy when your email attachment is coming across. Not the end of the world, and likely a good thing for progress. Hand-wringers fear speed-censorship and advert pushing. This is less about speed and more about latency. Worry less please. |
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I'll give you .25 btc if you're interested.
PM sent. I'm bit short myself right now, but I'm long on 99% wholegrain flour iykwim. 100g? I love flour. How would you ship it? We have donkeys going to most countries. Then drop to your PO box. I go first, I like you. Done. lol Be sure you test the purity of that flour, some flour vendors have been extracting the gluten and cutting it with bleached white. Thanks for letting me know. My bread would bake into a bad trip.  Yes, I know a guy who's sister's dog ate some bad bread. He's been loafing on the sofa ever since. |
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I'll give you .25 btc if you're interested.
PM sent. I'm bit short myself right now, but I'm long on 99% wholegrain flour iykwim. 100g? I love flour. How would you ship it? We have donkeys going to most countries. Then drop to your PO box. I go first, I like you. Done. lol Be sure you test the purity of that flour, some flour vendors have been extracting the gluten and cutting it with bleached white. |
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who still trade at Mtgox ? well this news is not really pleasant http://thegenesisblock.com/mt-gox-seizures-linked-silk-road-fed-testimonies/“In May 2013, through an interagency taskforce led by ICE in Baltimore, Maryland, three U.S. bank accounts [with about 5 million US$] associated with what was then the world’s largest bitcoin exchanger, Japan-based Mt.Gox [...] were seized for violations of 18 U.S.C. § 1960, operating a money service business in the United States without a license.” Very interesting. Could this be the reason for the alleged difficulty of moving USD out of Mt Gox? and the absence of compelling explanations |
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This is also location dependent. Some places it is much warmer in the ground than above it.
In Malibu, the well water is warmer than the air.
Where did you come up with that? In Malibu? surely you jest. The earths temp is pretty consistent once you get below a certain level. I don't think it's that deep either, but I don't remember the exact depth. It's a constant somewhere around 50 degrees Fahrenheit. A quick search on "underground temperature constant" will give you plenty of good reliable info on this subject. Not a jest, I came up with it by measuring... so yes I could search the web... or I could use a thermometer on my well water. Geothermal heat is highly variably in localized areas, certainly you have heard of hot springs and geysers? There are some hot springs a few miles away. In this area of California, the ground moves enough that deep heat does not dissipate evenly as the subterranean rocks turn. The temperature changes depending on how long I run the water due to the temperature at the different depths. |
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It's a hardware problem too. If ASICs had a price tag closer to their cost to manufacture, things would be different.
KnC sells $12 million worth of hash power for Q2, but actually limits the # of units shipped to artificially create a shortage. What's the conclusion?
Make it rain ASIC
Integrated circuits are indeed expensive to develop, but not compared to the demand. If you include all the money that would be thrown at a solution to the mining network problem, convince yourself there are folks who would pay a lot for the intellectual property.
Public research initiative to make bitcoin ASIC technology open source?
I'm not certain such an effort would solve the problem. I can say I wish there were more sources for bitcoin silicon. If there is some belief this is possible, I will try to coordinate it. I have access to a public IC development facility.
I've imagined a world where miners are parts of lamps or embedded in solar panels. In the future, you may find yourself lured to buy a specific brand of cola because it includes an ASIC bitcoin miner.
More appropriately integrated into things that need the heat rather than wasting it or needing to cool it. Water heaters, clothes dryers, room heaters, sauna, etc. |
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Another guard against 51% that has been suggested is hash alternation.
In this method, alternating blocks would use different hash functions. This would limit the ability to mine sequential blocks with consolidated ASICs.
Forseeably this may need more than two hash functions eventually if further concentration of computing occurs.
It would be good to see an alt-coin do this with scrypt+sha256^2 so that we can see how it works in the wild.
Such a coin could be merge mined with litecoin and bitcoin.
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In my opinion the days-destroyed thing is rather useless, let me explain why. Let's say someone has 1,000 bitcoins in one address which has not been touched for four years. Now, they spend a single satoshi out of it. The bitcoin days destroyed will be virtually nothing, but in reality the actual days destroyed are all 1,000 bitcoins, because the spend transaction, even it's just one satoshi, demonstrates that this address is no longer in hibernation. By virtue of spending anything out of that address the owner has declared that they are in active control of that private key and all of the coins associated with it; so, we can consider all of the coins as alive/active at that point.
My own tools report these statistics, I wish blockchain.info and other sites would display this much more meaningful information.
For what it's worth, I just gathered some statistics about the blockchain yesterday, including zombie/hibernating coins/addresses:
* To date there are 279,535 blocks.
* There have been a total of 30,720,691 transactions performed since day one.
* Those transactions are comprised of 67,717,755 inputs and 75,658,307 outpus.
* There have been 25,397,303 unique public key addresses ever referenced in the blockchain.
* Of these some 22,982,911 of those addressees have a zero balance and have been completely spent. Likely just used for intermediate purposes.
* That leaves just 2,41,392 unique public key addresses with a non-zero balance.
* Of those with a non-zero balance, 1,213,328 of them contain 'dust', balance of less than one millibit. [121btc]
* There are 942,085 addresses with a balance greater than one millibit but still less than one full bitcoin. [87,367btc]
* There are 157,632 addresses with a balance between 1-10 bitcoins. [399,921btc]
* There are 88,328 addressees with a balance between 10-100 bitcoins. [3,277,444btc]
* There are 11,576 addresses with a balance between 100 and 1,000 bitcoins. [2,776,270btc]
* There are 1,344 addresses with a balance of between 1,000 and 10,000 bitcoins. [3,047,203btc]
* There are 97 addresses with a balance larger than 10,000 but less than 100,000 bitcoins. [2,313,516btc]
* There are two addresses with a balance greater than 100,000 bitcoins. [255,455btc]
* 2,023,005 bitcoins reside in addresses which have been untouched in over three years.
* 3,488,959 bitcoins reside in addresses which have been untouched in over two years.
* 4,381,452 bitcoins reside in addresses which have been untouched in over one year.
* 6,144,924 bitcoins reside in addresses which have been untouched in over six months.
* 944,410 bitcoins are in addresses which have had active transactions in the past week.
* 2,401,321 bitcoins are in addresses which have had active transactions in the past month.
* 5,079,095 bitcoins are in addresses which have had active transactions in the past three months.
* 5,887,186 bitcoins are in addresses which have had active transactions in the past six months.
Hopefully this gives you a good idea how many bitcoins are active an in circulation from those which are sitting in cold storage.
It is important to note that these statistics are *not* based on transaction volume. This is based on addresses which are deemed active or inactive in the time period specified.
What I mean by this is if someone has an address that holds 1,000 bitcoins and they spend a single Satoshi, then that marks all 1,000 bitcoins as being 'alive/active' in that time period since the spend transaction indicates that the wallet/address is 'alive'.
Are your tools available somewhere? |
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Will this implement coinjoin by default for transactions or enable one to participate continuously in the background when running?
Doing Coinjoin transactions in the background sounds like a bad idea to me. First, it would require a network-connected machine to have access to your private wallet keys. Second, even if randomized, the "spam" transactions may be distinguishable from real transactions. The way coinjoin integration should work is: if you don't need to send immediately, the client should look for other coinjoin participants. I agree background transactions under the scenario you described would be a poor solution, one might easily imagine better implementations. The question was a sort of a shot in the dark as the Dark Wallet project seems opaque in what it delivers. Is there some published feature list yet? Or is it still at the stage of a bundle of hoped-for benefits and rhetoric? |
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My sources from the future say we will break resistence soon and leave all the bears behind after they start panic buying.
and who will buy it above 1K? one or two kids with daddys money? Hence why we need to start using mBTC now. 1K is a psychological barrier for whatever reason. I think people will be happier spending $50 on 1mBTC than $1000 for 1BTC even though $1000 per BTC is $49,000 less per coin! I'd be happier selling 1mBTC for $50 than $1000 for 1BTC and would very much like to meet these psychological people of whom you know. |
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Will this implement coinjoin by default for transactions or enable one to participate continuously in the background when running?
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Soon gox will break the 1,000 mark again We need to break out from 960 which we are testing for the 3rd time. uhhh ohhhh  4th time if you include the test of it as support on the 6th. |
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Weather it was or not, what it is being used to justify is neither a good end nor a good means.
The insinuations of past conspiracy drags folks away from the matters at hand today and now.
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Congratulations to the winners!
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