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1  Other / Beginners & Help / Re: Bitcoin + Tor on: April 21, 2012, 11:12:04 PM

Watching.

Who knew the newbies were getting into nitty gritties? Its great.
2  Bitcoin / Bitcoin Discussion / Bitcoin Tier 1 capital? on: June 10, 2011, 10:23:48 PM

Just wondering.

No else's liability, relatively liquid (and improving). With deeper markets it would seem to qualify.

Lord knows the banks need recapitalising. Throw it into the mix, probably less volatile than CDO's, CDS's, etc.
3  Bitcoin / Bitcoin Discussion / Re: bitcoin intrusion in your life on: June 10, 2011, 01:59:13 AM
Totally

Addicted

If I'm not staring at a realtime chart, poking through this forum, fixing mining rigs, ordering new parts, searching for new parts or on bitcoin-otc or something bitcoin related then my eyes are closed.

With my eyes closed I can still see my candlestick chart and the last ticker price of BTC as I doze off.  When I wake up I make a wager with myself about how much a bitcoin is now worth on mtgox.  When I lose, I pay myself in bitcoin and the bitcoin client even tells me that I just sent money to myself.  If I'm right, I just buy more bitcoin.

....and the NAMECOIN....don't even get me started there...

Help me.

Please.

A v. wise man once said:

".... the LOVE of money is the root of all evil ... "

.... bitcoin, it is not what you think, or hope, it is. Take some days off, think about your life, get your affairs in order.
4  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: June 10, 2011, 01:27:05 AM
Here's Gavin talking to ABC Radio's excellent PM Show in Australia.

http://www.abc.net.au/pm/content/2011/s3240179.htm



Quote
GAVIN ADRESEN: Bitcoin is really a pure money. It's a store of value and a means of exchange and that's all it is. It's almost a plutonic ideal of what money is, in that there is nothing backing it beyond the fact that it's useful as a money.

+1.  Very insightful.  Indeed, bitcoin is the plutonic platonic ideal of what money is...

correction: I just realized that I just copied abc.net.au misspelling of "platonic"...

Not quite. The platonic ideal of money would keep private transactions between individuals private NOT make them explicitly a matter of public record.

Very big difference.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [announce] Namecoin - a distributed naming system based on Bitcoin on: June 10, 2011, 01:15:55 AM
I'm assuming there's a similar command to send namecoins?

Is there some decent documentation on the commands that go with namecoin/bitcoin on the command line?

Read up here:
Quote

List commands linux:

Code:
$./namecoind help
6  Economy / Economics / Re: What happens if the US bans the use of bitcoins? on: May 17, 2011, 07:14:18 AM

A congress that banned BitCoin would have to be sure that such a ban did not violate The Constitution, in particular the First Amendment.

A Federal ban would probably instigate legal cases against the ban, putting the value in limbo, especially if there are injunctions. It may pit the Executive branch against the Legal branch given the communication aspect of BitCoin transactions clearly make it a form of expression.

7  Bitcoin / Bitcoin Discussion / Re: Slashdotted (again) on: May 17, 2011, 07:03:21 AM

It is actually something more than money, as we know it ... (it's money Jim, but not as we know it).

Bitcoin will succeed regardless and because of "dog-food vomiting libertarians."

The socialists and statists will not be able to overcome their greed and yearning to have the best money and information technology available. They will use bitcoin in spite of themselves. We will shove it down their throats and they will ask for more hard currency. True Liberty has never come about through pretty means, palatable to the braindead masses.


"Occasionally the tree of Liberty must be watered with the blood of Patriots and Tyrants."
Thomas Jefferson

(Hopefully in an online world all this blood-letting is purely figurative ... but "they" got the guns so who knows?)
8  Bitcoin / Bitcoin Discussion / Re: this shit is about to go parabolic on: May 17, 2011, 06:24:37 AM

Welcome to the golden shores.

Information technology will set us free, monetary information technology is the way of the future.
9  Bitcoin / Bitcoin Discussion / Re: Slashdotted (again) on: May 16, 2011, 03:06:25 PM
By jove, this was a good read (the reddit link);

Q:    If the laptop is destroyed, those bitcoins can never be used again, and they are effectively out of circulation, but new coins are not created to replace them.

C: I shall call this the second law of bitcoin dynamics!
10  Bitcoin / Bitcoin Discussion / Re: Slashdotted (again) on: May 16, 2011, 02:41:59 PM
Yes, the forum is slow as cold soup.

Switching over to https:// helps ... hmmmm?
11  Economy / Economics / Re: Approaching fair value on: May 16, 2011, 02:11:30 PM
Quote
As long as the bitcoin-network is small it can be shut down pretty easy. (And i dont mean a technical attack, i mean by laws - preventing you from doing much with your bitcoins by criminalizing their use)
   

Which country did you have in mind that would be criminalising Internet tokens?

Seems a far-fetched notion, but some countries have some pretty messed-up laws these days.
12  Bitcoin / Bitcoin Discussion / Re: bitcoin intrusion in your life on: May 16, 2011, 05:20:57 AM
the psychological papers have already been written. the (nonscientific but still interesting) classic is of course http://www.amazon.com/Extraordinary-Popular-Delusions-Madness-Crowds/dp/051788433X. i don't mean that reference to suggest that everyone using bitcoin is deluded, but you might consider whether obsession is rational and what opportunity costs you incur as a result. the public is inclined to be less obsessive than the early adopters, of course.

but i agree that the technology is fascinating. the sociopolitical dynamics of the phenomenon are interesting as well, particularly the marketing of the technology by 'satoshi' as libertarian (which, when you review his original messages on the cypherpunks mailing list, was intentional and strategic). that could have gone very differently and was managed very well in order to appeal to one group of people who could serve as early adopters.

You make it sound like it was planned, or managed even.

What if it was just organic, inevitable even, that something like this would be a product of thinkers like these?

Rational is as rational does.

Not sure how the euphoria fits in here but the euphoria of scientific discoveries and engineering "IT WORKS" moments, is just as intoxicating as the euphoria of making money off a bubble, unfounded or otherwise.

Roll the two together and you got a heady brew!
13  Other / Obsolete (selling) / Re: For Sale: BitLaundry.com plus laundering code on: May 15, 2011, 11:52:17 PM
Quote
Launder, you filthy humans!

A coin laundry where the coins come out cleaner than the clothes?  Wink
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