Hah! Alex trusts his gut, and is thus putting his trust into something that's full of shit (literally) |
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if I use CounJoin on blockchain.info, where I have one input and one output
If you only have one input, you're not joining any coins. The point is mixing unspent outputs from several people/addresses so external observers can't figure out where each output has gone. I understand, but if we have 3 people, I put in 5BTC, someone else puts in 2BTC, and the third person puts in 3.5BTC, the coins all get broken up into random amounts and go through two stage mix, in the end, we still have 5BTC, 2BTC, and 3.5BTC, just in new addresses. Isn't that fairly easy to track? I know I'm missing something... What is it? |
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Everything is a hallucination, either nothing is real or everything is real.
So explain to me why you can't hallucinate money to pay off your debts, or hallucinate yourself a new car or motorcycle? Or does this mean that nothing in the universe is real? |
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Did you know that when it started, only 1 person owned all the bitcoins? And a whole month later, maybe 3 or 4 people owned all bitcoins? When the US Dollar was started, a group of proably less than a dozen people owned 100% of all US dollars. That's how new currencies start out. so you quote the dollar to convince me that the problem will self solve itself? lol So, what currency, or stock, or pretty much anything invented, do you like that you would like me to quote instead? I'll still say "Did you know that ______ was 100% owned by one person, or a small group of people, when it first started out?" |
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Hey, um, stupid question, and I'm just too drowsy to wrap my head around it, but if I use CounJoin on blockchain.info, where I have one input and one output, and sent 5 BTC through, with 5 BTC coming out on the other end, isn't it still fairly easy to track my 5 BTC,simply because that's the amount that went in and came out?
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Article was repeated here, too: http://www.ahametals.com/927-people-own-bitcoins/As I pointed out in the comments, when bitcoin started out, it has a total of 1 person holding 100% of the bitcoins. I think it may be very valuable to track the trend of this distribution, too. Obviously going from 1 owning 100% to 927(?) holding 50% is a vast improvement. I'm wondering if it's continuing to improve, and how quickly. My guess is it's following pretty well established distribution curves with long tails. |
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I still like the idea that Satoshi published his Whitepaper on the 5th of November (which you must remember, remember).
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Did you know that when it started, only 1 person owned all the bitcoins? And a whole month later, maybe 3 or 4 people owned all bitcoins? When the US Dollar was started, a group of proably less than a dozen people owned 100% of all US dollars. That's how new currencies start out. |
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Your analogy is misleading.
When Facebook came out it was already just the latest in a long line of earlier social media: Myspace, MSN, ICQ...
Facebook only took over from Myspace because
1) Facebook used to have a nice clean interface with no ads, unlike Myspace with all the HTML code snippets that non-coders were pasting.
2) Viral advertising that got people to change over at the same time.
Soon, Facebook will be dumped for something better, if the process hasn't already started.
Granted. My anology was more about everyone being on Facebook, or everyone buying and selling on eBay, because all their friends and family are on Facebook, or all the other buyers and sellers being on eBay thus giving you the best price. Network Effects. |
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I like to think about Bitcoins future compared to other cryptos. It is very rare that the first version of anything ends up lasting very long. It might not be the best example, but almost no one is still using Windows 3.1 anymore despite how revolutionary it was at the time.
That's actually a mistake a lot of people who are new to bitcoin make. They see bitcoin is a coin, or as a program or service of some sort, like Windows or Facebook, when it's actually a protocol, like HTML or POP3 for e-mail. Bitcoin instead should be compared to TCP/IP, in which case we had TCP/IP versus Novel Netware, and TCP won, probably due to it being more open and free. We still use TCP/IP, even though I am sure it has changed dramatically over the last few decades. Even if we take your Windows example, Bitcoin is closer to an OS kernel, with some evolving into Windows and some evolving into Linux (Bitcoin is the open source one with massive developer support). We still use Windows and Linux, despite them having huge improvements since their 1.0 versions. We will still be using Bitcoin, even when it changes so much that we may not recognize it from it's present day version. |
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I'M STARTING A NEW BIZ TO OFFER MAJOR DIGITAL CURRENCY GOODS AND SERVICES. AS A NEWBIE, I JUST MISSED THE LAS VEGAS EXPO SINCE I ONLY HEARD ABOUT IT 2 DAYS AGO.
ARE THESE CONFERENCES A GREAT PLACE TO BE TO FIND DEVELOPERS, INVESTORS AND SUCH?
I MAY HAVE TO TRY TO MAKE THIS ONE IF SO.
THANKS
Yes. Conferences are primarily a networking event, where you could meet lots of new people, exchange ideas, and trade contact information. |
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I don't think that 100k will be reach...
Imagine, you could get 50 btc every 10 min at the beginning with a laptop.
50 btc at 100k = 5 million $ lol
Yea I agree, it does seem a bit unrealistic. Bitcoin is not limited in time. It does not expire. It's also not limited by how much of the world's economy it could take over. So, it could break and get abandoned within 10 years, never going over a few $1,000, or it could continue to take over more and more of the world, the USD value can continue to decrease, the economy could continue to expand, and we could continue to lose bitcoins to lost passwords or fees paid to unspendable addresses. A hundred years or more from now, we could even end up with most bitcoins lost for whatever reason, and the entire world's massively bigger economy operating on just a couple of bitcoins, with each being worth trillions of dollars. But it's all arbitrary, because these bitcoins will be spread among many people. The important question is how big of a % of all the bitcoins do you own, and how big do you believe the bitcoin economy will get (and even more importantly, how can you yourself help to make that economy bigger). |
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Any progress, or at least plans, for BIP32 yet?
Had an idea. Since Mycelium let's you store only the public key, and receive to the public key, it makes a good alternative to a Bitcoin point-of-sale system. Only thing missing, or that would at least be helpful, is basic calculator functions in the receive amount section.
Finally, bit of wishful thinking, I would love to be able to add notes to my transactions, so I can remember what it was that I paid that 0.02476436 bitcoin for. This would also be useful if there was a comment box in the Receive section, so merchants and bartenders/waiters can enter a note of what was being paid for in a transaction. Like BitPay allows you to enter a receipt note along with amount. This could just be stored on the phone in a file somewhere. Heck, store it as a comma delimited text file with transaction IDs, notes, and amounts, and you have a way to export "bank statements."
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At the Inside Bitcoins conference now in Vegas, and will take the time to check and reply the last few posts later tonight, early tomorrow morning at the latest.
~Bruno Kucinskas
No problem (I'm jealous) |
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Secondly, have you noticed labor force participation leveled off last years even in absolute numbers (population continued to grow nevertheless)?
Two important things to note about the figures you quote - The growth in labor force stopped in 2007 - this appears to be unprecedented in the data
- The labor force is measured in absolute numbers - a much more meaningful benchmark is the % participation rate
Most of the growth in participation rate in the last 60 years has come from bringing women into the workforce. That reversed to a massive extent, at least in the USA, in 2007, and hasn't recovered. Uh, yeah, we had a severe global economic collapse, followed by increased regulations, capital seizures, and austerity measures. We didn't just invent "technlogy" in 2000's. What we did have is a huge increase in outsourcing. And sure, women entered the workforce in USA, and maybe in Europe, in 1950's, but women have been in the workforce pretty much constantly in USSR and many other parts world through the 1900's and prior. |
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Ron Paul said yesterday exactly what I expected him to say: The way he put it, Ron Paul said he has doubts about digital currency in general, so AnonyMint Coins are in the same category for him. |
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Just got an e-mail from them today, and was wondering when they started taking bitcoin donations, until I saw your post. Here's the e-mail From: Shannon
Hi Dmitry, my name is Shannon Forsythe and I am the Executive Director of
Run2 Rescue, a US non-profit that helps girls who have hurt by sex
trafficking. SeansOutpost on reddit informed me about Bitcoin100 and
advised me to contact you about supporting and listing our organization.
I'm not sure what information you need from us but our website is
run2rescue.com and the donation page on our site is at:
run2rescue.com/donate.html which includes our Bitcoin address.
Let me me know if there is any documentation or anything else you need.
Thank you for work in helping non-profits and thank you for your
consideration and time,
Shannon Forsythe
Executive Director
Run 2 Rescue
These guys were just recently convinced to take bitcoin donations (like, today I think), so they may still qualify. Maybe. We need to discuss this further. So far what we've agreed upon is: If a charity is owned by a bitcoiner, it shouldn't qualify If a charity has already been receiving bitcoin for a while, it shouldn't qualify Bot of these reasons are because Bitcoin100 is supposed to entice new charities to accept bitcoin. Possibly charities who wouldn't have considered it otherwise. But is there a cutoff point to this? For example, what if someone convinces a charity to accept bitcoin, and then as soon as they do, points them to us? In this case, the charity wasn't convinced to take bitcoin specifically because of our $1,000 reward, but should we keep from rewarding them for taking the step anyway? |
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And another two from Frankie Dear Maria, Please meet my friend Dmitry. We met in business school and he now runs a foundation that is looking for worthy nonprofits to donate to. He has donated $1,000 each to the Khan Academy, Inward Bound Mindfulness Education, and my friend Amy's Primate Education Network, to name a few. I think Collegiate might be a great fit. Dmitry's foundation is called BitCoin100. It arose out of the generosity of a few early adopters of a nerdy-but-amazing currency called BitCoins (if you haven't heard of them, this might help) that is poised to become the dominant online payment method. Their goal is to promote the value of the currency for nonprofits: when donors make their donations in BitCoins, the recipient nonprofit keeps 100% (hence the name). None of the funds are lost to credit card or processing fees. BitCoin100 donates $1,000 to selected nonprofits who agree to accept the currency on their donation page. It doesn't take much work to get it set up, but I know the money could do a lot of good for Collegiate. @Dmitry, Maria is my cousin and works in fundraising for the private (nonprofit, of course) high school I attended in Richmond, VA. They create a rigorous learning environment with small class sizes and a reputation for a community-focused culture. A $1,000 donation would make a big difference helping provide scholarships-- I certainly couldn't have gone to school there myself without such donations. Good luck! This one is a non-profit private school. I think this one may be stretching it a bit  Dear Jess, Please meet my friend Dmitry. We met in business school and he now runs a foundation that is looking for worthy nonprofits to donate to. He recently donated $1,000 each to my friend Jessie's Inward Bound Mindfulness Education and my friend Amy's Primate Education Network. I think he will really appreciate the mission of Clear Water Initiative. Dmitry's foundation is called BitCoin100. They arose out of the generosity of a few early BitCoin adopters to promote the value of the currency for nonprofits: when donors make their donations in BitCoins, the recipient nonprofit keeps 100% (hence the name). None of the funds are lost to credit card or processing fees. BitCoin100 donates $1,000 to selected nonprofits who agree to accept the currency on their donation page. It doesn't take much work to get it set up, but I know the money could do a lot of good helping your group provide drinking water. @Dmitry, Jess is a friend of mine who works at the same coworking space as I do. Her group has helped fight diarrhea since 2007 by empowering displaced Ugandans returning from refugee camps to rehabilitate and maintain wells. A $1,000 donation would be a big help with their projects. Good luck! This one seems legit. |
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