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The Bitcoin network is around 10 Terahashs/s strong. Bitcoin is basically an internet of finance. It cannot die anymore than the WWW can die. I used the internet for years before browsers just fine. Nobody thought it was going to die. We just need a Mosaic type app to make Bitcoin blow up.
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What's to stop someone from attacking your ability to audit your block chain and then counterfeiting your BCTs?
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I am seeing good progress in tool development so I thought a bump might help this thread.
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BitcoinSpinner is the current leader in smartphone apps. I will recommend this app to my tech literate associates.
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are you reading what i am writing at all?
How will bitcoin work if it cant send anything over the network?
Bitcoin requires the existence of an non censored internet to work.
If your ISP will drop all bitcoin related packets - there will be no blockchain (or as i suggested - dropping all non signed packets)
Authority = ISP being controlled and regulated by corporations/government
Bitcoin can be disguised to look like other types of packets. It can even go darknet. Sure, ISPs can censor anything and I know at least I will stop paying them. diguising wont help you. the security chip will sign the packet only if it was generated by a signed application you wont be able to sign the packet your self and it will be dropped by the ISP Non censored ISP might become illegal in the future - so whatever ISP you chose - will drop those packets I'm not sure if your serious. ISPs would have to completely shut down the internet to block Bitcoin. They will block ports and Bitcoin can use different ports and encryption schemes. Even China's firewall isn't stoping darknets. [edit] I'm hardly one to argue the ability to circumvent censorship, but I do know that I refuse to support any enterprise that censors. |
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are you reading what i am writing at all?
How will bitcoin work if it cant send anything over the network?
Bitcoin requires the existence of an non censored internet to work.
If your ISP will drop all bitcoin related packets - there will be no blockchain (or as i suggested - dropping all non signed packets)
Authority = ISP being controlled and regulated by corporations/government
Bitcoin can be disguised to look like other types of packets. It can even go darknet. Sure, ISPs can censor anything and I know at least I will stop paying them. |
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Wait what? I am confus. Is this for real? Shopped. The box art gives it away. |
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If people let their lives be determined by an AI, then they risk that somebody covertly takes control of it and uses it to control the people. Even decentralizing it does not remove that risk entirely. The only true freedom comes when people trust their own thinking first and foremost.
That scenario is not likely to happen anytime soon. I actually think it will take an AI/robotic brain that's free from our organic defects to indirectly rule us much like in A.C. Clarke's aliens in "Childhood's End." |
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Considering all the negative press we get, it might not be such a bad idea, if you can get a distributor.
Agreed, and just FYI we plan on having it in Barnes and Nobles and other various book/magazine stores around the US, slowly working our way up. If you're looking at the collectables market, that's cool too.
Not even interested in that to be honest. Too many people involved already to settle. It's all or nothing on this one. Are there still hoarders with 100k+ BTC and if so, why?
What happens to Bitcoin if someone comes up with something better?
Awesome questions. I'll be sure to include them. I'll send you a PM shortly for your information regarding the free issue. I'm not as up to date on the techie side of things, but from a sociological perspective a magazine can offer intriguing viewpoints to the average Joe. A magazine isn't as formidable as a book and it has lots of pictures. Magazines are like the direct-to-video of the film world. It has lots of ad space. For something as important as Bitcoin, I can see this having a shot. |
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A magazine huh? Considering all the negative press we get, it might not be such a bad idea, if you can get a distributor. If you're looking at the collectables market, that's cool too.
I'll offer a couple questions that newbies may have:
Are there still hoarders with 100k+ BTC and if so, why?
What happens to Bitcoin if someone comes up with something better?
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To create and maintain deflation in the Bitcoin economy, we have to wait for the inflation to end first.  There's no need in waiting... If you have 1,000,000BTC to spare, I'll give you the answer now. I have 1,000,000 units to spare, but they aren't BTC. I have one unit that I would not spare, even for 1,000,000 BTC.  |
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Can someone show a useful problem that can be broken into millions of parts? Each part having an answer that is already known so we know the solver did it and did it right? I mean just show one problem like this, maybe you can actually do it, but it should demonstrate that it wont' work for anything.
Current 'work' has an amazing property. It can take an arbitrarily large and fine tuned amount of computing (on average) and still be instantly verifiable by everyone. We can all verify both that the work was done and that it was done AFTER the previous block.
About the only thing I can think of is that we become a rendering farm for the next Pixar film, but I'm not sure if ATI cards would work well for that. |
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To create and maintain deflation in the Bitcoin economy, we have to wait for the inflation to end first. There's no need in waiting... If you have 1,000,000BTC to spare, I'll give you the answer now. not sure if serious... |
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We could start a whole collection of commemorative Bitcoin medallions and coins. Howabout an "I Survived 2012" piece with the Mayan Calendar on the front?
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People, the cell phone is the cc of the future. Credit cards will be moving to it, and bitcoins are already there. The apps need a little work to make them faster at accepting 0-confirm transactions, and maybe a little better for storefront accounting, but really, this is a solved problem.
Until they invent a battery-free mobile, plastic will remain. Except a "debit/credit" bitcoin card won't be magnetic. At a minimum it likely will need to be a smartcard and preferably one with a display, keypad, and yes battery. So what do you do if on some dark stormy night in the country you run out of gas and your battery goes dead? The unmanned gas station takes credit cards, but you only have a dead Bitcoin Card battery. Will you spend the night in that cabin in the woods while your batter charges? What rechargeable battery? Batteries in smartcards aren't rechargable or replaceable. They are simply designed to last the life of the card. I am just pointing out the way that Bitcoin works (private keys) means a Bitcoin card you can swipe is a non-starter. Maybe systems built on TOP of Bitcoin but not Bitcoin itself. I mean what exactly are you going to put on the swipe? Your private key? So all your wallet funds can be stolen by anyone you purchase something from? The reality is a BITCOIN mangentic swiped card will never happen. Now some private network built on top of Bitcoin (think VISA Bitcoin)? Sure but not Bitcoin itself. Not unless you think the world will work based on trust and unicorns. The only SECURELY way to have a Bitcoin POS system is where your device (phone or smartcard) does the SIGNING and the only thing the merchant gets is the signed transaction. So something like: 1) you owe 1.25 BTC 2) you insert smartcard 3) using a standardized protcol the POS system gives the smartcard the amount and address to pay 4) your smartcard uses its onboard display to show the amount being paid 5) as a security precaution you now enter your PIN on the keypad on the smartcard. 6) the smartcard signs a transactions for the amount and address provided and gives it to the POS system 7) the chashier thanks you, gives you a receipt and you go on your way. Any system where you give the private keys to untrusted parties is worthless. It will never be adopted because it is trivial to rob someone of all of their assets.I live in the USA. We don't have these advanced systems yet, though wikipedia explains that every other nation does. Fascinating. |
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People, the cell phone is the cc of the future. Credit cards will be moving to it, and bitcoins are already there. The apps need a little work to make them faster at accepting 0-confirm transactions, and maybe a little better for storefront accounting, but really, this is a solved problem.
Until they invent a battery-free mobile, plastic will remain. Except a "debit/credit" bitcoin card won't be magnetic. At a minimum it likely will need to be a smartcard and preferably one with a display, keypad, and yes battery. So what do you do if on some dark stormy night in the country you run out of gas and your battery goes dead? The unmanned gas station takes credit cards, but you only have a dead Bitcoin Card battery. Will you spend the night in that cabin in the woods while your batter charges? |
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People, the cell phone is the cc of the future. Credit cards will be moving to it, and bitcoins are already there. The apps need a little work to make them faster at accepting 0-confirm transactions, and maybe a little better for storefront accounting, but really, this is a solved problem.
Until they invent a battery-free mobile, plastic will remain. |
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If I told you...  |
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OP never said anything about doing anything illegal.
My mistake, he's apparently going through all the hassle to send anonymous birthday wishes to his granny I see a problem with your reasoning though: Criminals usually do something stupid and get caught. Nobody smart would post a question like this on the internet which could be data mined from ISP logs if they were planning something illegal.
It's the "nobody smart would do that because it's stupid to post such a question && criminals do stupid things" part that I can't get through. Help me out, apply logic 101 to what you just said and re-evaluate the OP (1) Explanation: (1) From the two facts:
1. Criminals do dumb things.
2. Asking questions concerning anonymity on the public internet prior to doing something illlegal is dumb.
we can deduce that the OP, having just posed such a question, might be one of the... guys doing dumb things.You just cracked the code. |
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