what if you die? how will your coins be accessed?
no fail safe...
This was discussed at the 2013 conference. They have some ideas around this I think. |
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I got the impression that Max took complete control of the show, even from the host.
It was like watching two poodles barking up a pitbulls leg.
The host did seem relatively neutral though, I'll give her that
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The most obvious attack is putting in a stealth bug that poisons key generation. If there's some secret data that lets you figure out people's private keys with much higher likelihood than brute force, well, those "lost wallets" aren't so lost anymore, now are they? I noticed that the btcd daemon implements its own faster version of SHA256
Even if I have no reason not to believe so, my first though was, could it have a backdoor?
It wouldn't do them any good, if it did. Mining is done on FPGAs these days; to the extent that the bitcoind SHA256 differed from the "canonical" one, we would already be seeing chainsplits ten times as ugly as the BerkeleyDB debacle back in March. Sounds good enough. Just for reference: Code for the fastsha256 can be found here https://github.com/conformalThe original that comes with Go http://golang.org/src/pkg/crypto/sha256/They are quite different so comparing them won't be that easy from just looking at the code. The fastsha256 also appears to be using inline assembly for amd64 yes, fastsha256 is indeed done in go assembly. it takes ~17,000 ns to run vs ~40,000 for go crypto package's sha256. sipa's libsecp256k1 uses the same method - do it in assembly. we just did it to be faster. at the moment, sha256 is not a serious bottleneck. if you feel strongly enough about not using assembly, we could have it use the standard crypto by default. Not at all. I'm sure assembly can be reviewed just as easily. By the way, is it the assembler that comes with the C compiler (pulled by cgo) that does the actual assembly? edit: I just read your second post regarding this. I guess it will all be taken care of by whatever compiler/assembler compiling go itself. To the extent I am able to consider the quality of your projects, they look really good. Great stuff  |
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I always thought bitcoin was a good choice, appealing to techies and early adopters
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Unless no one spends their coins, in which case in a year or two your BTC will be worth 0
Thats right. Those who has a lot of btc should put some of them into the market we need to build, even if it doesn't pay off right away Nope. If people buy up all the shares of a company or all the gold or whatever, it doesn't make them worthless; it makes them rarer and therefore worth more. Bitcoin, like anything, only gets its value from what people are prepared to pay for it. And people are still buying and selling Bitcoin. Sure, there's more and more hoarders everyday, but Bitcoins are constantly coming into circulation via mining and those miners need to eat and pay their electric bills. Scarcity only pushes the value of something up and there will always be people who decide to capitalise on this and sell their coins. BTC is a currency after all, you are free to buy, sell, trade or save. Completely up to you. What are you saying nope to? |
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The Real News Network has finally started to accept bitcoin donations. If I had more coins I would definitely throw them a few
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Nice.
I like OpenStreetMap
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Unless no one spends their coins, in which case in a year or two your BTC will be worth 0
Thats right. Those who has a lot of btc should put some of them into the market we need to build, even if it doesn't pay off right away |
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Not even US believes in the $ anymore it seems.
With the massive depth and frantic money printing they are probably preparing to dump the dollar after moving their assets to gold, art etc.
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How do we keep people who use Bitcoin to buy offensive things like pornography or devil music such as Metallica or One Direction or non-mainstream religious material such as some forms of Christianity or certain Muslim/Jewish teachings?
I know most people have been thinking about this but I am bold enough to say it.
One solution may be to require webcams to be attached to all Bitcoin clients with desktop streaming and we monitor every person spending their money. The more centralized solution the better of course.
Being ironic, best way to solve problems since 1853. There are two things that scare me : -the government passing laws crippling it (in my country) -bitcoin+tor makes it easy for cyber-criminals to buy drugs, guns, child pornography, crowfund for murders or terrorist actionsBurying your head in the sand won't help in findind some kind of balance The ability to use recon and killer drones will more than compensate for this if you ask me |
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During wartime, gold, silver and art will be confiscated and stolen. Not so with bitcoins
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I think he got it exchanged to fiat using a German exchange. Because of some controversy he was only able to exchange about 25% of he's coins. The rest is on hold, probably because of legal issues.
After that he payed something like 28% tax
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Ahh that guy...
Forget it. He is of inconsolable breed
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Dreams are a wonderful thing.
Meaning what? My proposal should be very enticing to the government as it gives them an immediate windfall of 1/4 of the currency. What do they get by endorsing Bitcoin instead? Basically nothing. Unless Satoshi was the NSA ... Actually, even if Satoshi *was* the NSA, why not 're-set' the currency and give themselves even more while they still can? Once they distribute 1/2 of the currency to everyone in the USA, they can't take it back anymore, like they can't just start printing red dollars now and declare all of the green ones obsolete, without risking revolution ... once the currency is sufficiently spread around, they can't take it back. The could take Bitcoin back now, given that it's a) not officially endorsed as a currency anyway, and b) only used by a niche of people. But give some of the currency to everyone ... then it can never be taken away again (except by the usual means - taxes  ) Its not how bitcoin works. They could do this of course, but they should call it something else than bitcoin |
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Does anyone know if Linus has ever said anything about Bitcoin? I would be interested in what he had to say about it.
Linus is always very specific in this regard. "F*!?k desktop!, give kernel, all I care about" The guy who designed the new linux scheduler on the other hand is with us. I believe he wrote the cgminer as well, Kon Colivas. He's lurking in the miner forums |
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Its apparent from the video in that article, many journalists still think bitcoin is maintained by nobody. I guess its hard for people to grasp that it is maintained by everybody, literally. Everybody is a watchdog watching everybody  |
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