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301  Bitcoin / Bitcoin Discussion / Re: Mental Bitcoin Wallet: I have real bitcoins stored in my head. on: August 07, 2011, 07:39:15 AM
If you'd temporarily store your passphrase in a file and execute (in Linux) the following

gpg --print-md sha256 <file with passphrase>

would that do the trick also?
I'm not sure how to input the passphrase through the keyboard into gpg, but that would be much better.
302  Bitcoin / Bitcoin Discussion / Re: Mental Bitcoin Wallet: I have real bitcoins stored in my head. on: August 07, 2011, 07:18:44 AM
[snip>
... I will simply use the same passphrase to generate the same private keys, import them into a real wallet.dat, and then spend them.
<snip]
Too bad that your hacked computer immediately after putting your keys in the 'real wallet.dat' already has transferred all your bitcoins to the thief's wallet before you were able to touch any key!
 Tongue
303  Bitcoin / Bitcoin Discussion / Re: Mental Bitcoin Wallet: I have real bitcoins stored in my head. on: August 07, 2011, 07:14:03 AM
I'm sure one of bitcoinporn's private keys will be generated by inputting Canticles 1:13 into this key generator.  Grin
304  Other / Politics & Society / Re: The price of gas is still 20 cents, in 90% silver dimes. on: August 05, 2011, 04:30:38 PM
That's the point of owning Gold and Silver.  It keeps its value against Inflation.
Right, but a lot of other investments grow faster than inflation.  Why would I invest in gold/silver when there are better options for investment?

There are not a lot of other investments that grow faster than inflation.  Some do, and have, but picking the right one is key.  If you can reliablely do so in advance, then do it.  But most people don't have the time or skills to research through all the crap in order to find the diamond.  Given no other real choice, buying gold or silver simply as capital preservation against debasement is a valid stragedy.
If nobody would bring their surplus dollars (savings) to the banks, those banks wouldn't have any leverage (other than their own private capital) to emit loans and inflate the currency on, so their wouldn't be any inflation at all. It's the peoples' fault to trust the banks with their own money, giving them the opportunity to debase the currency.
305  Other / Politics & Society / Re: Keynesian Wiki Editors Can't Handle the Truth on: August 05, 2011, 04:21:53 PM
1) Typical Wikipedia (see the page on Anarchism for another example).
2) Its easy to cherry pick 'prophets' out after the fact.
Indeed, after the fact he proved to have been right, and the one who edited him out of wikipedia to have been wrong Smiley
306  Bitcoin / Bitcoin Discussion / Re: Banks are fundamentally unnecessary and actually dangerous for bitcoin on: August 03, 2011, 03:57:08 AM

[snip>

in an inflationary currency you mostly just give your money to someone who can invest it into something that doesnt lose value. so a big part of the profit you share is just avoiding inflation. in a deflationary or stable currency the interest rate has to be significantly lower and might not justify the risk of not getting your money back.

Given the current banking system, whether a currency is 'inflationary' or not depends on the original owners of the money: the savers.
If they bring it to the bank, they provide a lever to them against which they (the banks) can create money en deflate the currency that the saver brought to the bank.
If the saver does not bring his money to the bank, such a lever doesn't exist, and the money will not inflate (with two meanings).

So, saving money in a bank is like financial suicide if you ask me. Better keep it under your bed or so.
307  Bitcoin / Bitcoin Discussion / Re: Bitcoin is NOT WHAT YOU THINK! on: August 03, 2011, 01:22:17 AM
OP is partially right, or better said: he only knows part of the truth.

In fact, I have special permission from my masters in Basel, Amsterdam, London, New York (forget that clown in Washington) and Tokyo, who control already 99% of the money supply (and soon, when our mission to conquest the money systems of Libya, Iran, North Korea and Syria has succeeded, it will be 100%) to reveal some more of the truth:

In fact our bitcoin operation is just a trial episode in our 7-steps strategy to not only control the whole money supply, but also the people who are involved in its circulation:

1. Create a world-wide currency (touted as 'revolutionary' in order to get the few people left who are still able to get enthousiastic about something new and to let them believe it is 'contra' to our desire of a new world order, of which a few people are already aware that it's inevitably coming our way),

2. Set it up as fundamental for this currency to be able to track all instances from the start of their creation to the end of their existence,

3. Deliberately wait for the popularity to grow beyond the point of no return, so nobody can resist to use it anymore,

4. Then make it impossible to use this currency anonymously (through prohibition, infiltration and blocking of anonymising software). I.e. in the case of The Onion Router (TOR) network through infiltration of the majority of entry and exit nodes by governmental servers,

5. Next connect all instances of this currency to the persons involved through the obligatory personal registration for the use of any internet service and obligatory registration of transactions (world-wide!) by all merchants, exchanges etc. etc.,

6. Let the governments (which, of course, by then will be all under our control) prohibit -- sanctioned with heavy financial and, where possible, jail time penalties -- the use of cash, gold and any black market transactions. Control is unescapably performed through the use of RFID, NFC etc., and of course the o so valuable blokchain,

7. Reap the benefits, such as high taxation, behavioural control (if one of our 'subjects' digresses from behaviour which is best for society, some of his financial transactions will 'magically' be rejected by the block chain or by some 'suddenly occurring unexplainable technical problem with the network') and unlimited control (no funding is ever to be hidden from our eyes) over governments all over the world.

NEW WORLD ORDER as everybody will know it!

This is the end of the message which I was allowed by my masters to divulge to you.

Now continue with your good work, make us a new world to our likings!


The Messenger
308  Other / Politics & Society / Re: The $1 Billion Armageddon Trade on: August 01, 2011, 09:32:06 PM
I don't think "returning" to the constitution as it pertains to Congress "coining money and regulating the value thereof" is a viable solution. It failed to stop the rise of central banking when it was first tried. What makes you think things will be any different this time? I think the whole concept of monopoly money should be relegated to the dustbin of history entirely.
I think what failed to stop the central banking was congress itself by letting themselves be corrupted by the banks to vote on the deal on x-mas eve when majority is unavailable for voting.
And then the president signing the federal reserve law.
309  Other / Politics & Society / Re: The $1 Billion Armageddon Trade on: August 01, 2011, 11:12:22 AM
America may have won the war of Independence but were quickly invaded again by stealth via the Fed money system that has its roots in the UK banking system. As a result, the US is simply a 'corporation' of the UK and most Americans dont even realise it. Quite ingenious really.

What is the alternative though?  Yes, the spending has gotten out of hand but if you're really going to attack the root of the system, there needs to be a viable alternative.  Can you name a single successful economy that doesn't use fractional reserve banking?
'Fractional Reserve Banking' isn't synonymous with 'Federal Reserve Banking', although it abbreviates the same.
The 'state', be it federal or not, is quite able to do the fractional banking all by herself and earn a lot of money in the process, which can be used for useful public works, instead of building up debts with private banks.
In fact, the American Constitution gives 'the congress' (i.e. NOT the private Federal Reserve) the sole right to create money.

Okay now we're getting somewhere.  Let me first just say, if you look at Oldminer's four step process, the last step (#4) is fractional-reserve banking.  

The Federal Reserve is for lack of a better word, a cartel of banks.  I believe what you are advocating (correct me if I'm wrong) is to take away the power from the Fed and return it to Congress?  Let me know if I'm hot or cold here.  I'm all for more controls over the Fed, as I mentioned in my previous post, the system is in disarray and needs to be repaired.  I just don't necessarily believe we need to scrub the whole model and start over.
Yes, of course men should take away the power from the Fed and at least (re?)turn it to congress.
The constitution of the USA only grants the right of creating money to the congress, and not to a bunch of banksters whose only goal is to make money out of states, be it through the right of printing money or through the proceeds of war.

In my opinion 'we' should 'scrub the whole model' and return to a sane model where by default states don't borrow money, nor print unlimited amounts of it. 'Printing' is allowed, but only to accommodate the production of services and goods and a proper flow of money.
Currencies should be backed by valuable items, like for instance silver, gold, platinum or whatever deemed valuable enough. Uranium?
310  Other / Politics & Society / Re: The $1 Billion Armageddon Trade on: July 30, 2011, 08:56:51 PM
America may have won the war of Independence but were quickly invaded again by stealth via the Fed money system that has its roots in the UK banking system. As a result, the US is simply a 'corporation' of the UK and most Americans dont even realise it. Quite ingenious really.

What is the alternative though?  Yes, the spending has gotten out of hand but if you're really going to attack the root of the system, there needs to be a viable alternative.  Can you name a single successful economy that doesn't use fractional reserve banking?
'Fractional Reserve Banking' isn't synonymous with 'Federal Reserve Banking', although it abbreviates the same.
The 'state', be it federal or not, is quite able to do the fractional banking all by herself and earn a lot of money in the process, which can be used for useful public works, instead of building up debts with private banks.
In fact, the American Constitution gives 'the congress' (i.e. NOT the private Federal Reserve) the sole right to create money.
311  Bitcoin / Bitcoin Discussion / Re: Mining at a loss: Insurmountable Problem in the near future or am I mistaken? on: July 30, 2011, 08:13:41 PM
You can immerse any computer component into a water tank - just make sure the water has been purified to remove the conductive minerals.
Huh?
Any references to back this up?

It is pretty well known that water itself isn't a conductor.

http://en.wikipedia.org/wiki/Electrical_resistivity_and_conductivity

The table gives a rho value of 180,000 ohms per meter for deionized water.

But deionized water doesn't like to stay deionized.  You'd be better off using Flourinert.
180 kOhm/m sounds impressive, but if you look at the sub-mm distances of the electronics on your motherboard, you'll see the resistance reduced to less than 180 Ohm.
Doesn't look impressive anymore at all. Smiley
And the dielectric constant of water, wouldn't it mess with the capacities of the datalines on the mobo? Practically messing up the timings?
I'd be very wary of using demineralised water to immerse my mobo or GPU in.

And Edit:
From your source:
"Fluorinert may be harmful if inhaled and care should be taken to avoid contact with eyes and skin. No health effects are expected by ingestion of Fluorinert, however. Use should be constrained to closed systems and reduced volumes as fluorinated oils have a very high global warming potential and a long atmospheric lifetime."
YUK!

And Edit 2:
You got me with your 180 kOhm/m Smiley
Actually it's 180kΩ.m, which comes from
Code:
ρ = 180 kΩ/m/m²
Which translates to your mobo as: Two traces with a distance of
Code:
d = 0.8 mm
between them, and with an area of the sides facing each other equal to (guesstimate)
Code:
A = 20 cm x 0.3 mm = 60 mm²
in demi water will present a resistance of
Code:
R = ρ.d/A = 180 kΩ/m/m² * 0.8 mm / 60 mm² = 1.8*10⁵ * 8*10⁻⁴ / 6*10⁻⁵ = 2.4*10⁶ = 2.4 MΩ

Now, THAT is impressive to me. Smiley
312  Bitcoin / Bitcoin Discussion / Re: Mining at a loss: Insurmountable Problem in the near future or am I mistaken? on: July 30, 2011, 07:38:11 PM
Don't worry guys, a new breed of hardware is on the way  Smiley

What I would like is something in the form factor of a heating element which could be threaded into a water tank.  A couple of high current wires, and tough cable with a female RJ45 is all I want to see.  Actually, throw in a serial port on the cable as well maybe.  The whole thing should operate at something north of 100 C and shut down automatically if it got much hotter than that.

Can you do it?

You can immerse any computer component into a water tank - just make sure the water has been purified to remove the conductive minerals.
Huh?
Any references to back this up?
313  Bitcoin / Bitcoin Discussion / Re: Crazy Land Rush on: July 30, 2011, 06:30:54 PM
I just LOVE the part where impulsepay.com says that this hype goes at a premium of 33% additional costs (as they charge 25% of the revenues, you have to raise the price by 33% to satisfy that condition).

uhmm... NOT  Grin
314  Bitcoin / Bitcoin Discussion / Re: Google+Bitcoin vs. Facebook+FB Credits on: July 30, 2011, 06:21:32 PM

Multi-brand corporations, f*ck the customer to get rich together and above all: rule the world and make all human 'useless eaters' our slaves!

God I'm tired of people bitching about companies that offer services and products voluntarily. I assure you that I only do business with "multi-brand corporations" with whom I see mutual benefit. How exactly are they "f*cking" you, when you don't have to buy their stuff?
Cool down man.

It was a ',' (comma), and not a ':' (colon) written after 'multibrand corporations'. Those corporations are only part of the listing, not the subject, and were mentioned because they obfuscate the fact that the 'choice' they offer are not really a choice because they have the same mother/owner.

That 'f*ck the customer' was aimed at different corporations that collude against their mutually shared customers, and the 'above all: etc...' was aimed at the banks.

Happy now?  Cheesy
315  Bitcoin / Bitcoin Discussion / Re: Google+Bitcoin vs. Facebook+FB Credits on: July 29, 2011, 02:56:31 PM
We're aware of a few things:
1) Facebook dominates the world and has created its own currency, mainly for use in wildly popular FB games from companies like Zynga.
2) Google is launching Google+, which is a direct competitor to Facebook. Google has its work cut out for it.
3) Google is engaged in the Google Wallet project, for fund transfer mechanisms... but Google is NOT creating its own currency.

Given these facts, if I were a decision maker at Google, I would at least consider the strategic decision to implement Bitcoin in Google+ and across the Google Wallet platforms. This would directly undermine FB credits, and if FB credits fails that is a HUGE win for Google. Consider that Google should already be observing how its relatively unrestricted Android community has amazingly caught up to Apple's iOS "walled garden" environment... the lesson applying perfectly to Bitcoin vs. FB credits.

If Google helps legitimize Bitcoin, FB credits will fail, and Google+ will be further strengthened against Facebook.

Is my Machiavellianesque thinking sound?



No, not sound at all, and I think it's not even Machivellic.
You seem to forget that the CEO's of FB, Google, Ebay, PayPal, Banks are visiting the same conferences of Bilderberg, Trilateral Commission, Council on Foreign Relations, some even the Bohemian Groove. So they seem to be offering you a choice, but it isn't. It's all about setting you up against each other through the creation of fake differences. (Which make it even harder for you to transact with your fellow human if he doesn't have the same financial service provider as you do, unless you and him pay a 'conversion fee'. Got it?)
Multi-brand corporations, f*ck the customer to get rich together and above all: rule the world and make all human 'useless eaters' our slaves!
316  Bitcoin / Bitcoin Discussion / Re: What is the Best Safest Easiest Most Trustworthy Web-based Wallet for Non-Techie on: July 29, 2011, 02:33:48 PM
Creating a bootable USB system is not easy.

Even booting from a USB is not easy.

Do we really expect Fred and Marge from Toledo, the barely can work a mouse crowd, to be able to do that?



THUD!!!
             ... fail
                         Roll Eyes

Maybe we need some Ubuntu-like initiative to get bitcoin for the masses.
317  Bitcoin / Bitcoin Discussion / Re: TradeHill - Why we no longer accept Dwolla and an open letter to Ben Milne on: July 29, 2011, 08:33:38 AM
[snip>
Quote
Quite playing word games.
Again, the Dwolla business model. "Our transactions are not reversible, except when they are."

I just love JoelKatz' short and to-the-point remarks. Cheesy
318  Bitcoin / Bitcoin Discussion / Re: Republic Of Bitcoin on: July 29, 2011, 12:11:12 AM
What would happen if one of those Third world countries based their currency on bitcoin?

Or how about a Virtual On-line Republic with Bitcoin as their Currency?

Just a though
If it imports oil: it will go bancrupt.
If it sells oil: it will be invaded by the banksters USofA and bombed into submission to the dollar.
It's as simple as that.  Cool
319  Bitcoin / Bitcoin Discussion / Re: How do we get the women on board? on: July 29, 2011, 12:09:30 AM
Suggestion: Let every miner/minester (not to generalise into male/female stereotypes) say to his/her spouse/partner/fiancee:
"Hey, listen up! I opened a bitcoin account for you (i.e. address) and I will put half of what I earn with mining on it. It's free for you to use in any online bitcoin shop!"
320  Bitcoin / Bitcoin Discussion / Re: How I manage and protect my wallets (Ubuntu Linux) on: July 24, 2011, 07:00:25 AM
Air gapped (not networked) computer with bitcoin transferred over via clean USB drive.

Open bitcoin and write down automatically generated address (address x).

From networked computer, open bitcoin and send funds to address x.

Encrypt wallet.dat and shred the original on the air gapped machine. Save encrypted wallet all over the place -- hardcopy too.

The unencrypted wallet never touches a networked computer.
This looks like a terrific approach to me. Would it be possible to buy a cheap netbook and put a tiny (core) Linux on it and use that as the off-the-net computer?

Further, although I slightly do understand the concept proposed, for my small and not so computer literate brain it's just a bit too abstracty formulated.
Could someone in non-geek language explain to a common, almost layman, bitcoin user how to exactly implement this step by step?
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