Bitcoin Forum
April 25, 2014, 07:37:51 AM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 ... 251
321  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 02:38:10 AM
Surf's up, Dudes!
322  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2014, 02:35:22 AM
So what is this persons strategy?
I call it Wall of Intimidation. It will evaporate. Then the Tsunami: A big pump.
323  Economy / Speculation / Re: Max Keiser Predicts $750-$800 This Coming Week on: February 24, 2014, 02:26:30 AM
Honey badger is hibernating. He wakes up hungry in the spring.
324  Economy / Speculation / Re: Chinese corrupted officers will push Bitcoin price up 1000 times on: February 24, 2014, 02:24:18 AM
In China Bitcoin isn't a currency, it's a commodity (The central bank said so, I've been trolling them zealots with it for quite some time)

Why would a zealot care how you label it? I certainly don't.

Bitcoin's properties are it's properties and it can do what it does no matter what you call it.

You aren't the typical Bitcoin zealot. People who are hell bent on attributing Bitcoin to the currency category may even a good description of one. Grin
I love philosophical debates.
325  Economy / Service Discussion / Re: [mtgox] Is Mark still alive? on: February 24, 2014, 02:20:42 AM
Perhaps the Emperor of Japan requested that he save his family honor?  Grin
326  Bitcoin / Bitcoin Discussion / Who is working on Bitcoin3? on: February 24, 2014, 01:30:45 AM
With B2 level code there isn't going to be a network effect advantage as Mastercoin, Counterparty, and Colored Coin all use the same protocol layer. None of them will become universally accepted, but instead will compete as local currencies and derivatives. Bitcoin will be the SDR/Gold. B2 will be used by enterprises willing to back them either financially or by fiat.

People should be working on B3 software instead of re-inventing the wheel and muddying the waters with completely new coins  or they will have the same done to them as technology improves. nLockTime and m-of-n have so much potential when custom clients are designed that manage them. The next Excel type spreadsheet that incorporates triple entry accounting for a transparent corporate structure would revolutionize small business and cottage industries.

What can I say when it comes to real ambitious projects like Ethereum? The theory is that Ethereum would make secondary instruments much easier and versatile because there is increased functionality in the protocol. I am reminded of the KISS principle. Bitcoin's simplicity may be it's strength. If you screw up something built on top of it, at least you don't break the whole thing.

All of life is based on only four DNA letters. Sure it's messy and inefficient, but life's simplicity also makes it adaptable. Complex systems are parasitically joined to create new ecosystems. It's called emergent complexity. A simple system acts like a glue that allows very complex systems to evolve. Bitcoin is like DNA. Ethereum is likely to be too internally complex and won't be easy to adapt to future technological advances. It may end up that Ethereum functionality becomes just as deprecated as Bitcoin and that Bitcoin developers will solve the problems.

Wouldn't it just be better to develop closed sourced, trust-based, and proprietary B2 and B3 for private interests if you just want to develop cool new things for money? I am sure there is already plenty of that going on. Cryptocurrency speculators should be wary of B2 scamcoins. Let corporations develop them and pay for them. Bitcoin is the stock they will need as operating capital.

Finally, there will be a B4. I'm not saying it's aliens...
327  Other / Off-topic / Re: The Bitcoin Revolution Is Just Beginning (Full Interview) on: February 24, 2014, 12:36:16 AM
Someone should create a list of lies and omissions in this video. For one thing, I don't think Moneygram or Western Union are using bitcoin yet as this video implies or outright claims.
It's an infotainmercial. Expect the profiteers. Bitcoin users not affected. Transition, remember? Eyes on the prize.
328  Other / Alternate cryptocurrencies / Re: **** Official Ethereum QA thread **** on: February 24, 2014, 12:12:54 AM
vitalick could you please answer

[1] I don't quite see how the price to execute etherium code will be determined.

there has to be some sort of clever system based on realtime or near realtime demand for, well what ever the limitation is to get things into the next block?

it could be an etheirum fork would set fees lower......

etherium = a bundle of switches, how do you price using a switch? ( iasked the same question of master coin and still don't have  an answer....)

[2] I am also wondering if some sort of of chain processing can be done, and results are somehow integrated back into the etherium chain, that can be verified thus reduce bottle necks.....



still no answer to [1]...


Regarding #1, it's something we're currently actively researching and modeling. You can read some of Vitalik's though on the subject at http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/





Ok, so it looks like I hit the nail on the head this is a crucial question, and etherium is a bundle of switches waiting to be arbitraged out by a fork, if fees are too high.

Thinking out loud

Perhaps you need a special attribute of "time" to colour etherium with, So ethreium coins have two core attributes, on of unit of sale like bit coin, that is 1 eth = 1eth,  and the current usage of the computational power of ethrium weights in a relative value to each etherium.

that multiplication of the two gives the market rate of etherium.

thus the usage / demand  of the network can dynamically colour an attribute of the coin. say the whole processing network is operating at 1000/s Unit, and has a capacity of 10000 units/s then, the number of eth in existence can be weighted by PRactual/PRcapacity *1/Number of eth.

So the code must have some sort of ability to detect execution requests, so that overcapacity can be dealt with, e.g. 1Million / 1000.

this raises the problem of knowing how much a program will request before you execute it......to solve this, the task should be thrown that allows a code to run on vm local cpu of with test net ruthenium, and an execution rate per second, that has its power defined as current ethrium network CPU.

thus your entering into a PID sort of feed forward/Feed back control system, (better brush of those nyquist stably theorems etc). I'm not sure there is any other way around this. The market does exactly the same thing but at a slower pace by simply releasing etherium forks.

A final note maybe that some how to allow all process to be run on an executors own cpu and only results at the interface be verified.Etherium seems to be pose the question of distributed computing needs to be tied together and pooled to solve a single problem in an efficient not cheat able manner.

Everybody keeps missing the critical point when they talk about forking Ethereum: the user base.

I can create a brand new TV network and sell my advertising for pennies on the dollar, compared to Fox and TNT and TBS. But is anyone going to buy the advertising? Not unless I can somehow attract the users, too. And in order to attract the users, I have to do something better than what everybody else is doing. I can't merely copy content from a major network (even if that were legal) and run it on mine--nobody would pay any attention. To gain users and market share, I would have to actually innovate.
Can you outspend Visa/MC/Discover? What's stopping them from branding a fork and incorporating it into their userbase? They could build a nice point of sale system based on your work. Is that you real goal?
329  Bitcoin / Bitcoin Discussion / Re: [Humor] Proof of Suicide on: February 23, 2014, 02:01:42 PM
Here are some FAQ TAKEN FROM A Q&A on reddit

Q: Sounds good. But what about the malleability of the suicide notes?

A: The team is working on that. It will effect the exchanges in a positive way by actually adding value to the Proof of Suicide due to an act of malice. This will actually incentivise such tampering as part of the Jonestown Protocol.

Q:This is really fucked up. Do you have a white paper?

A: I am only reporting a rumor, but I've also heard of a white paper. It is written on the tanned skin of a Vestal Virgin in the blood of its founder as he was exsanguinated by blind and deaf children thinking he was a piņata.

Q: Are Vegans an acceptable substitute? There aren't any virgins around, but there are quite a few snarky vegans hanging around the cafeteria.

Q: Is there a mining pool?

A: Great question! No, but there is The Dead Pool http://www.imdb.com/title/tt0094963/

Q: Is it P2P?

A: That is another great question! I'm afraid I'll have to defer that to the devs. However, what I can say is that they are working on "pay to perish" as a protocol extension.

Q: Any word on what 3-letter code we're using on Ripple to designate this? XSC?

A: Hardcore cryptocurrency users that use Suicide Coin don't need abbreviations and the only Ripple they use comes in a bottle. I have seen it abbreviated by devs as x_x

Q: Hopefully it will allow multisignature transactions too

A: That's called a suicide-pact packet. It works best with six people using a revolver loaded with however many bullets are required out of six with a standard issue .38 cal.

Q: But what about nTimeLock? Isn't those tricky to pull off?

A: X_X has as an even better implementation called nTimesUp. The Suicide Foundation knows a guy who knows a guy that will take care of you when your time comes.

Q: This seems flawed. How do you differentiate suicide vs other methods of death? How do you prevent someone causing a relative an immensely painful death because they know they will inherit the funds? I don't think you've thought this coin through. However, I am willing to invest in it. Let me know when you launch.

A: Like I said, I'm just going by what I heard. The whole suicide determination thing has me puzzled too. Sure, any Joe Shmoe coroner may be fooled by your suicide, but one of those Quincy/Bones types might see through your ruse to get more coins. The protocol solves what what has puzzled pundits and paparazzi for years known as the Cobain Conundrum. As far as what the devs call a Kevorkian, or a family assisted suicide, well let's just say that it is checked by the protocol as well. as far as the launch goes, they are planning to time it with the next Mt Gox fuck up.

Q: Actually this could be useful. Allocating 1 of these to each anonymous account as a prerequisite of dealing with them might actually make things more civilized. You can always make the world a better place, if you're an asshole, by removing yourself from it.

A: Exactly. That's part of the Jonestown Protocol if you run the electrocutem client. It's great to find someone as enthusiastic as the former devs. You might want to let them know so they can interview you. You may be asked to take the blue or red pill. But trust me, it won't matter.
330  Economy / Speculation / Re: PayPal & Ebay to Integrate Bitcoin - get ready for $10,000 + on: February 23, 2014, 01:51:31 PM
I hope they choose Ripple  Grin
Maybe they will take Suicide Coin X_X http://www.reddit.com/r/Bitcoin/comments/1yefdk/humor_proof_of_suicide/   Grin
331  Bitcoin / Bitcoin Discussion / Re: bitcoin is failing in replacing fiat in physical shops on: February 23, 2014, 01:33:41 PM
Grocery stores solved this problem a long time ago, its called a check cashing card.

If you want to pay by check (at least in the days before automated check approval), you apply for a card, provide ID, address, possibly credit check, etc.  Once you have a card, you can pay with a check. If your check is no good, they know how to send to collections.

Likely to be the same thing for bitcoin, at least for purchases above some amount.


Both bitcoin and fiat are irreversible. They have nothing in common with checks. In fact, cash can be counterfeited while bitcoin cannot. You should require an ID card for cash as well. Bitcoin is the only money that doesn't have counterparty risk.

Both check and bitcoin are reversible and subject to fraud risk for some period of time. For bitcoin that time is minutes for checks it may be days or weeks (or possibly even longer). But for the purposes of grocery store checkout the effect is the same.



In theory, perhaps. There have been many discussions about the possibilities of doubles spending, the costs to do so, and the risks of being caught. A business that had any volume would pay for their bitcoin processing that watches for double spend and finds them in a few seconds. Then again, there are always green listing services that some shops might require. It would be much easier to forge a check cashing card than double spending bitcoins.
332  Economy / Speculation / Re: PayPal & Ebay to Integrate Bitcoin - get ready for $10,000 + on: February 23, 2014, 09:21:50 AM
he didnt use the word bitcoin once
The question was clearly about Bitcoin as it was mentioned twice in the question. If his reply was not inclusive of Bitcoin, then he would have been intentionally evasive. He seems like a strait arrow and would not resort to such tactics.
333  Bitcoin / Bitcoin Discussion / Re: Vladimir Club Junior Members on: February 23, 2014, 08:54:18 AM
21 coins has gotten a lot cheaper over this past week...
That's how people acquire more coins.
334  Bitcoin / Bitcoin Discussion / Re: bitcoin is failing in replacing fiat in physical shops on: February 23, 2014, 08:41:51 AM
Grocery stores solved this problem a long time ago, its called a check cashing card.

If you want to pay by check (at least in the days before automated check approval), you apply for a card, provide ID, address, possibly credit check, etc.  Once you have a card, you can pay with a check. If your check is no good, they know how to send to collections.

Likely to be the same thing for bitcoin, at least for purchases above some amount.


Both bitcoin and fiat are irreversible. They have nothing in common with checks. In fact, cash can be counterfeited while bitcoin cannot. You should require an ID card for cash as well. Bitcoin is the only money that doesn't have counterparty risk.
335  Bitcoin / Bitcoin Discussion / Re: bitcoin is failing in replacing fiat in physical shops on: February 21, 2014, 03:39:19 PM
Bitcoin is used in Germany more than Zimbabwe dollars. I would say that makes Bitcoin bigger than a fiat currency in physical shops.
One should think about this more often.
"There can be only one."  Cheesy
336  Economy / Economics / Re: A Resource Based Economy on: February 21, 2014, 01:42:55 PM
I was hoping for a civilised discussion based on reason and science. Calling a group of people "zombies" and "brainwashed" just for the sake of it, without providing any evidence is little more than backyard bullying. If you have an argument, please present it. If you just want to pick up a fight, you will find none Smiley


To whom are your comments directed?
Not sure, but that expresses my sentiments as well.
337  Economy / Economics / Re: A Resource Based Economy on: February 20, 2014, 09:59:01 AM
Like I said before. Truths a short and simple, only the science can be complex. If your non scientific explanation is s wall of text, it's probably bullshit and not worth reading as a response to a three sentence reply.
338  Bitcoin / Bitcoin Discussion / Re: The emergency death plan on: February 20, 2014, 09:01:00 AM
Whatever solution I would choose, it has to be something relatively easy to handle, not just for myself but for my non-geek relatives as well. What if the wallet has to be updated or changed? To write a new will is a bit complicated and costly if done by a professional. Paper wallet sounds good but I'm sure someone will come up with an even smarter solution in the future.
it doesn't have to be paper. It can be diamond etched in titanium. You could use electronic storage devices, but they can fail over time.
339  Economy / Service Discussion / Re: Anybody else feel like Charlie from Willy Wonka? on: February 20, 2014, 04:54:48 AM
Maybe if Jon Lovitz played Karpeles. Yeah, that's the ticket. Yeah, you can trade to get bitcoins at half price and then we'll just give them to you, yeah. Yeah, then you get this magical candy factory, see? Then you get these magic cards, see? That's the ticket!
340  Other / Alternate cryptocurrencies / MOVED: [Humor] Proof of Suicide on: February 20, 2014, 01:42:47 AM
This topic has been moved to Bitcoin Discussion.
because it is a commentary on protocols.
https://bitcointalk.org/index.php?topic=475993.0
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 ... 251
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!