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2001  Bitcoin / Bitcoin Discussion / Re: Is bitcoin 2 coming out next month? on: August 21, 2012, 01:32:33 PM
Is bitcoin 2 coming out next month?

No.

Everybody knows eleven is my favorite number, so if there was going to be a major release of bitcoin it would be "Bitcoin 11".  But it ain't gonna happen.


Only 11 kinds of people in the world, those who can count in binary and those who can't  Cheesy
Bazinga!
2002  Other / Politics & Society / Re: So I got pulled over for speeding... on: August 21, 2012, 01:27:38 PM
... So if I become a cop and fuck people's shit up, I'll get nice things?
The $24k a year cops around my area build big new homes in gated communities.
2003  Bitcoin / Bitcoin Discussion / Re: Is bitcoin 2 coming out next month? on: August 21, 2012, 01:19:47 PM
Is bitcoin 2 coming out next month?

No.

Everybody knows eleven is my favorite number, so if there was going to be a major release of bitcoin it would be "Bitcoin 11".  But it ain't gonna happen.

Who said *you* were coding it? What do you think Satoshi has been doing all this time?  Wink
2004  Economy / Service Announcements / Re: bitinstant paycard [now you can early sign up for one] on: August 21, 2012, 01:02:17 PM
So, once everyone has the cards, no-one will ever need to use them again.  Grin
Maybe some bankers can actually read the writing on the wall and will not go extinct.
2005  Bitcoin / Bitcoin Discussion / Re: Is bitcoin 2 coming out next month? on: August 21, 2012, 03:44:56 AM
Bitcoin 2 will include a USB ATM Bitcoin vending machine. A fully decentralized exchange will work with all international currencies and print them on a CIA designed 3D printer.
2006  Bitcoin / Bitcoin Discussion / Re: Distributed bank of bitcoin. on: August 21, 2012, 02:54:44 AM
While I have been thinking of a unique model for a distributed "bank" it is a waste of time to worry about exchange fluctuations. The key to stability and growth is utility before liquidity. A bank could work as a network of multisig deposit transactions interwoven by inputs and outputs much like logic gates with keys held by webs of trust members. Risk would be shared by members like a credit union, but reserves would be held in escrows.
2007  Economy / Speculation / Re: When will you buy (back)? on: August 21, 2012, 01:51:00 AM
Is this a push-poll to influence people to not buy between 9-10?
2008  Bitcoin / Technical Support / Re: Is wallet encryption a one way street? on: August 20, 2012, 07:29:20 PM
No problem. Don't worry about the opinion, the first one is free.  Grin
2009  Economy / Speculation / Re: The indicator we're all ignoring on: August 20, 2012, 03:19:49 PM
feels more like an inverted bubble to me.  definitely inverted.
Since the comeback when folks realized Bitcoin didn't (or cannot) die the bubbles used to be in the $2-4 range. Then the $5-7 range. Now the $9-12 range. Soon the $15-20 range and so on.
2010  Other / Off-topic / Re: Bitcoin 500 richest addresses, updated often. on: August 20, 2012, 02:34:49 PM
.03133700

What's with the 0.03133700? On most of them.

31337 means "elite" in LeetSpeak.
Elite would be 13373 in the original calculator dialect.
2011  Other / Alternate cryptocurrencies / Re: PPCoin is NOT a decentralized cryptocurrency on: August 20, 2012, 02:09:57 PM
I hope the issue of checkpoints can be automated without any human intervention. Competing strategies for block and fee rewards should serve to keep each other from gaining overwhelming advantage. I suppose a two-factor strategy will work once the game is fully developed. PPCoin (or a version of) may work in the long run but it seems a very complex set of rules would be needed to manage the network. I would prefer a third player for simpler game balance, but it looks promising for now.
2012  Other / Alternate cryptocurrencies / Re: PPCoin is NOT a decentralized cryptocurrency on: August 20, 2012, 01:44:50 PM
This a fundamental flaw with PoS in general. A decentralized currency is based on game theory. In PoW we have miners competing with hash power to win blocks. In PoS we have the game owner making up the rules as they go along. That's not much of a game. A hybrid money game would work, expecially with competing verification systems, but the rules have to clear, up-front, and fair.
No, it's not. Read the wiki page on proof-of-stake. The existing proposals have been designed to not hand the keys to the network over to anyone. Proof-of-stake must be implemented as PoW *AND* PoS. Proof-of-work is meant to add security, not take it away. But that's exactly what happens in PPCoin--PPCoin greatly lessens the security of the network.
As long as it's based on a game theory with both competition and cooperation, then it can be fair. I did not mean that the blockchain is controlled by network keys, but by monopolists that have control simply by being early adopters.
2013  Bitcoin / Technical Support / Re: Is wallet encryption a one way street? on: August 20, 2012, 01:38:54 PM
You can't unencrypt a wallet, but you could move funds to an unencrypted wallet. Encryption is pretty important. I can't imagine why you would not want encryption for a personal wallet like the Original Bitcoin client.
2014  Other / Off-topic / Re: I will change focus and leave Pirate alone for this thread..... on: August 20, 2012, 01:29:22 PM
Here in the US we have two parties.  We have the party that sells us out to foreigners, as the Obama administration has done recently by rejecting the Keystone pipeline.  And we have the party the kills foreigners and takes their resources.  That party will be back in power soon.  North Montana has a nice ring to it, actually.
I suspect that America will suffer a civil war and balkanize. It's also likely that much of the central regions will see extreme poverty and Islam grow. People tend to become what they hate most.
2015  Other / Alternate cryptocurrencies / Re: PPCoin is NOT a decentralized cryptocurrency on: August 20, 2012, 01:20:52 PM
This a fundamental flaw with PoS in general. A decentralized currency is based on game theory. In PoW we have miners competing with hash power to win blocks. In PoS we have the game owner making up the rules as they go along. That's not much of a game. A hybrid money game would work, expecially with competing verification systems, but the rules have to clear, up-front, and fair.
2016  Other / Off-topic / Re: post a song that resembles the price on: August 20, 2012, 11:13:04 AM
http://www.youtube.com/watch?v=e9vrfEoc8_g&feature=related
Theme from Superman
2017  Economy / Service Announcements / Re: bitinstant paycard on: August 20, 2012, 04:06:06 AM
What would also be cool is to have a card without the address on it so nobody knows what it is when you cross borders. It would have a brain address.
2018  Other / Politics & Society / Recovering Bitcoin Traders on: August 20, 2012, 03:53:51 AM
So many times I see threads that say "I sold at the peak and bought at the bottom." They are usually followed by a reply like "pics or it didn't happen." Folks that trade Bitcoin frequently sound like the gambling addicts at the casino near my home. It's a fairly big complex and it was built by gamblers money. I don't begrudge someone entertainment, but when they tell tales of their big winnings, they usually forget to mention their huge losses. For many it is a problem.

You can talk about your theories and systems. Every gambler has one or two. I really wonder though if the real big winners are only the scammers. Here's the point of this thread:
1. Please post a story of a loss.
2. Why you feel you lost.
3. What you think you learned.
2019  Economy / Service Announcements / Re: Bitcurex Card - Available now on: August 20, 2012, 03:40:00 AM
I like this card. It's a little pricey and it doesn't have the user name on the front. I might consider buying this card. I would rather just send Bitcoin to a Bitcoin address rather than use the Bitcurex website to load the card.
2020  Economy / Service Announcements / Re: bitinstant paycard on: August 20, 2012, 02:16:06 AM
I understand from a purist standpoint the bitinstant card isn't our ultimate goal. It's baby steps toward adoption and the adoption period may take a long long time.
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