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Declarative statements are the new prose. I have two ears and one mouth. Folks seem to prefer that I listen and respond. I hope they reciprocate.
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Nice find. Just a scan reveals some good thoughts. I like the user acceptance part that asks how we establish value. This is still something that needs to be developed a little further.
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If you back up your wallet frequently, you can just restore the backup since the spent coins won't be confirmed.
yes they will. It worked for me. Maybe it was a bug. it will just be treated as a double spend. You were lucky. was it in the difficulty-way-too-high-time before merged mining? It wasn't a namecoin that was spent, but a bitcoin that went to an invalid address that did not get confirmed. I thought this would be the same type of error. It was during the time when DD attacks were going on. |
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If you back up your wallet frequently, you can just restore the backup since the spent coins won't be confirmed.
yes they will. It worked for me. Maybe it was a bug. |
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Since when [do] you not believe that earned wealth and inherited wealth are the same thing?
He's got ya there, Atlas. |
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Even though it's true, I don't much like the idea of emphasizing the "shady" properties of bitcoin (tax dodging, money laundering, purchasing illegal drugs, etc.)
Doing so just seems like it would just invite the wrong kind of attention from the government, and gives them fuel with which to go after bitcoin. Not that there's much interest from political types at this point, but I could see them a few years down the road pointing to this interview and saying "see, it's a tool for tax dodgers and criminals, even it's proponents admit it!"
Seems bitcoin has enough other positive properties (non-reversible, anonymous, worldwide, etc.) that emphasizing the illegal uses isn't really necessary.
Nice, but focusing on it as a way to avoid taxes can make people have the wrong expectations about bitcoin
Try to focus a bit more on the easy of use, you can sell everything everywhere and get paid instantly and then buy something instantly. If you are a gamer and you play mmo for example you can sell golds for bitcoins and use them to buy other games (Battlefield 3 for example, is awesome) for bitcoins.
I would like to add that some people disagree with the complete anonymity issue of Bitcoin. In fact, it is possible to create an economic structure using current Bitcoin protocols in ways that make it reasonably traceable by law enforcement while still maintaining privacy for users. |
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If you back up your wallet frequently, you can just restore the backup since the spent coins won't be confirmed.
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Average age of bitcoin community is about 20 I think. Young people these days have no manners.  It's not even that, it's just that the internet revolves around brevity. Coming from someone who tends to write endless posts, this is a rather interesting opinion. It just goes to show ya. You can't please all of the people all of the time. heh |
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Or make Bitcoin shaped shields (cardboard, not real ones) for symbolically protecting yourself against the police riots. It's also symbolic as a shield against the tyrrany of the banksters. [edit] Newspaper hats, Bitcoin shields, and pickets signs could be the uniform of the Wall Street occupation army.  |
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It's a secret. |
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1. Ability to import private key with QR on a smartphone app.
2. Have a way to include current Bitcoin value being traded in each block or as an alternative cryptocurrency and not depending on Trade-Gox.
3. Have trusted online services able to allow you to use 'green' addresses that won't require confirmations. Their fees will be highly competitive and won't allow double-spend.
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"The report of my death was an exaggeration." Mark Twain
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I am not too worried about a 51% attack.
A 51% attack endeavors to create blocks without including valid transactions, right? Either that, or to give us blocks full of spam.
I believe the client should have a means to resubmit an unconfirmed transaction to the network with a transaction fee, or a higher transaction fee, with the network accepting the new transaction as replacing the old one. This would allow anyone whose transaction doesn't stand out from the spam - or which miners don't seem to want to touch - to get their transaction reprioritized.
With that, any logic added to the client code that ignored blocks that clearly appear to avoid containing valid highest-priority transactions more than a minute or two old would ignore the very blocks an attacker would create. That could very simply make a 51% attack far less disruptive. A 51% attack might do little more than exert upward pressure on transaction fees for those who want their transactions confirmed, rather than cripple the network.
Anyone care to refute this crazy thought?
51% attack is 100% control of network. You can do a lot more than just delay transactions. For example I buy 100,000 BTC coins from you. 51% and replace that transaction with one where I sent those coins to another address I control. You see 100,000 coins disappear from your wallet. Your new transaction would be unconfirmed. The transaction can be resent and your attack would be rejected. You can make another 51% attack, but the odds of being successful depend on variance. |
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I hope one day we can get back to paying for the bandwidth you want with the right to fully utilize it as well as resell a portion of it. Dialup sucked for the speed, but the openness enforced by the regulations over phone lines is what allowed the rise of the Internet. Bandwidth caps and government-enforced ISP level censorship will be it's downfall.
I think we are already there. Call your ISP and ask what service offerings they have for small office / home office. You'll probably find that you can get access to any amount of bandwidth at a price. Sure, you were probably expecting to consume unlimited bandwidth at max speed, pay the low residential rate and offer it to your neighbors, just like some kids go to daycare and assume access to lots of toys means the toys are all theirs. Even under dialup, your phone company and ISP were free to enforce rules against constant connectivity, even if yours didn't. Your ISP has got to make money to stay in business too, it's OK for them to set policies on shared resources. I think he's talking about Network Neutrality. I am concerned that financial excuses may be used for censorship and exclude a great many people to internet resources. I don't think Bitcoin would use enough bandwidth to concern any ISP, but that wouldn't stop them from trying to block it. Fortunately, there are many ways for Bitcoin to adapt to get around the slow acting ISPs. |
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Why not control their belief system with fear based double-speak and fallacious arguments that reinforce those fears? Write a vitriolic book, wear a scary uniform, or just repeat yourself with INCREASING VOLUME and maybe you will find other weak minded people to follow you. It worked for Hitler, Ayn Rand, and every other powerful person spewing really bad ideas.
What if you had really good ideas? Would it work even better, or backfire? Well, it depends on what you consider good. Niccolò Machiavelli, Sun Tzu, Dale Carnegie, Karl Marx, and other philosophers wrote some useful books that did not denigrate races or classes of people. It's fine to criticize ideas if you have good arguments, but power does not have to be used to force people how to think. That's probably why nobody has developed any single way to live our lives. |
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Why not control their belief system with fear based double-speak and fallacious arguments that reinforce those fears? Write a vitriolic book, wear a scary uniform, or just repeat yourself with INCREASING VOLUME and maybe you will find other weak minded people to follow you. It worked for Hitler, Ayn Rand, and every other powerful person spewing really bad ideas.
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I have proposed sweepprivkey on the Wiki, which I believe will become the fundamental underpinning for redeeming Casascius coins and any other kinds of physical bitcoins.
With that function properly implemented, redeeming Casascius coins can be as easy as using a Javascript redeemer that initiates a sweepprivkey on a hosted service. And fortunately, I have seen posts from Gavin suggesting he understands that sweepprivkey is an important function, possibly more so than importprivkey (this was in a discussion about importprivkey). That right there will probably be the biggest ticket to widespread redeemability.
Ultimately, a customer should be able to redeem the private key on the website he wants to spend them. God forbid, if he wants to use his physical bitcoin on Silk Road, he should be able to type his private key straight into Silk Road and have it deposited into his balance (assuming that's how they work there). Sweepprivkey would enable that for any and all websites that accept bitcoin deposits.
The Javascript redeemer sweepprivkey on a host is a great idea as long as it doesn't require setting up an account. It should be done anonymously, even if a fee is taken. |
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Is there a website that explains in detail how one actually redeems the BTC from a coin? Somewhere we can refer coin recipients to?
+10 Do you mean something more detailed than go to MtGox, click "Add Funds", and choose "Redeem Private Key"? The alternative involves patching source code and is a billion times more difficult. It's out of reach for the average user. We'll wait for it. I appreciate Magic the Gathering Online Exchange for their hard work, but then again I'm a geek at heart. I will use their service for what I can, but they are too slow and complex for most people.
Another method is to use StrongCoin to import the mini key and then send those coins somewhere else. Having a website that explains to average joe what Casascius coins are and how to redeem them would be very helpful.
The online services are vital and have a lot of potential, but there needs to be a basic way to import into a simple client. |
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