@Fool [& @axus]
This is yet another FUD thread.
Agreed. " I once told [to Eustace Mullins] how much respect I had for George Orwell's daring to write 1984 -- to which he sharply replied: "It's a great piece of pro-government propaganda -- they win in the end." Mr. Mullins is of course right: Orwell's Big Brother is always one step ahead, almost omniscient -- and therefore invincible." - Beatrice Mott. This Difficult Individual Eustace Mullins — and the Remarkable Ezra Pound. March 20, 2010 http://www.theoccidentalobserver.net/authors/Mott-Mullins.html#RMind==blown. Thank you. Ente |
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Bolt statement, when X and Y have no inherent coupling..
i.e. on what scale for time, on what scale for price?
i.e. which angle would you like, I will make you a graph with precisely that angle.
Ente
look at the second image lol the angle tool give the same value on the first and on the second image what you add is spacing on the X scale but you dont put more X again basic stuff that can be easily seen  I only see one image, to begin with: Sorry, in my language I would now state "I'm standing on the hose". Talking about the only image I see: How did you choose the two [supporting] points for the ruler line? What is the point about ~45°? How did you choose the X and Y scaling? I think we are "talking cross-purposes" (learned a new expression) Ente |
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Bolt statement, when X and Y have no inherent coupling.. i.e. on what scale for time, on what scale for price? i.e. which angle would you like, I will make you a graph with precisely that angle. Ente |
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Thank you, kjj and DnT,
for your well written explanations and patience! :-)
Even though this question will come back again and again, I (have to) believe many people learned from it! :-)
People, I highly suggest you read through a mainstream cryptography book.
It actually is fun, mindboggling, and really opens up a whole new world of understanding! The principles you will learn are a universal concept! No, you don't have to read/write/understand code for this, it *is* an entertaining and relaxed read!
Ente
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Precious metals might be scarce on earth, but they are not scarce in space. If we start mining asteroids, have fun watching the precious metal prices crash! With the known abundance's of metals in meteorites, even a very cautious estimate suggests 20,000 million tonnes of aluminium along with similar amounts of gold, platinum and other rarer metals. http://news.bbc.co.uk/2/hi/science/nature/401227.stmA total of 171,300 tonnes of gold have been mined in human history https://en.wikipedia.org/wiki/GoldIn case you didn't read that correctly, thats 20'000'000'000 tonnes in 1 asteroid versus 171'300 tonnes every mined in human history. All of a sudden, Bitcoins start to make a lot of sense  ..and just like ASICs: I will start to believe once I see it :-) Ente |
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Because bitcoins act sorta like cash, is it illegal to make a bitcoin transaction over the threshold as well?
How do they possibly think they will be able to police this? Cash transactions are untraceable, how is making a law going to make them any more traceable?
"How will The Man make sure noone transacts more than 1k Eur?" Same as "How will The Man make sure you can't turn fiat into Bitcoins without him knowing?" MtGox enforces KIY, as do most/all other exchanges too, afaik. Same with money. Cardealers do file taxreports and stuff, *they* enforce the ban. Of course I can and do OTC trades. Just like people will, after the 1k Eur ban, do private 1k+Eur stuff. What I like about the whole development? It will bring Bitcoin from the current "Paypal replacement" to "Fiat replacement". Think about it: This strengthens OTC, and people will routinely work or produce or sell for btc, leaving out fiat right from the start! Yes, it will somewhat radicalize the whole Bitcoin thingie, and will make it more difficult to use and grasp for the average person. But then they still are free to use Mt* with full KIY and all other regulations.. On another note: Italy and now maybe France restricting cashflow is one of the brightest signs for serious turmoil coming. Endgame, anyone? Ente |
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Mid-term (think 12 months) I see the size of MtGox the biggest risk. Exchanges are the easiest place for crackdown from any government, MtGox having the largest "attack here" mark on their back ;-)
I am pleased by the growing of alternate exchanges, and OTC especially!
It's a race, let's see what happens!
Ente
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producing real gold nuggets simply by exposing it to copious amounts of gold chloride, a toxic liquid substance with no actual value but which is found naturally in the environment. Uhuh.. Where can I sign up for some tons of this useless, toxic goldchloride? "lol" indeed! Ente |
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Rebounce? Like a boss!
Indeed, exciting times! Next week will be no-sleep-week :-)
Ente
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For what problem is this a solution?
There are dozens of both, not all are matching ;-)
Ente
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The orderbook changed, lately.. Looking here  it was right under 80k bid and around 20k ask. Sure, from time to time a huge wall would appear, and vanish again. Now the ask went up to 50k, with only little steps. Is this a slightly more clever version of a scarewall? Or did sentiment change, indicating the pricedevelopment to follow soon? Ente |
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ok, so you have to smuggle it out of the country.
is this a assumption or a fact? I don't know, but avalon sure makes it sound like shipping from china is adventurous or some sort of a gamble. I don't think that's true. I receive product from China usually within 2 weeks to Europe Maybe the Chinese government confiscated the ASICs so they can mine bitcoins. Then why aren't they on the network yet? They're going to wait till BFL releases so it will seem that Avalon ripped everyone off and the Chinese ASICs will just seem like a large number of BFL purchases. ..so Avalon is a scam to cover up the much bigger BFL scam? *scratches head* Nah, lost me here.. Ente |
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The whole pruning and bloom feature is a bit unclear to me.
So I basically send tx to other nodes when they fit their bloom filter?
But I still have the whole blockchain locally stored?
These are two unrelated things. Bloom filter is pretty much what you describe: a protocol for full nodes to serve lightweight nodes only the transactions that concern them, plus some false positives for privacy reasons. The index pruning changed the main transaction index in bitcoind, now it only stores unspent transactions, what makes it much smaller, and thus synchronizing with the network now requires much less I/O. Keep in mind this is just the index, the full blockchain content is still stored. Thank you for clarifying. So with pruning, the whole block[chain] is still downloaded and served. Only a part of it is then used for the "user-side" of bitcoin, where it cares about what your addresses are and that? Sounds great! Ente |
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The whole pruning and bloom feature is a bit unclear to me.
So I basically send tx to other nodes when they fit their bloom filter?
But I still have the whole blockchain locally stored?
Where my question aims at:
I run a bitcoind on my desktopmachine, connecting to it via Armory when needed. I wish to have a "full" node, saving and serving every tx in the blockchain.
Also, I wish to connect to that bitcoind via Android Schildbach Client from time to time, for fast catch-up.
And, you know, the network would not work if *every* node was a light client, right?
There must be a place where these kind of questions are already answered, sorry for asking here.
Can't wait to upgrade once I get home!
Ente
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tick tock  Happy 10000! :-) Oh, and on chinese new year too, well done! Ente |
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Die Reaktionen hier freut mich!
Ich wollte eigentlich schnell mit einem Voltaire-Zitat hier reinhauen, erfreulicherweise ist das hier aber schon längst konsens.
Mich wundert ja, dass
- seine Beiträge nicht konsequent in seinen Spiel-Thread verwiesen werden
- er selbst nicht eine qualitativ hochwertigere Diskussion an nur einer Stelle sucht
- sein "ignore" noch keine reifere Farbe angenommen hat
*schulternzuck* ich bin da eher leidenschaftslos :-)
Ente
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Und trotzdem bleibt Bitcoin für mich, als User, anonym und dezentral.
Ungefähr wie lange, wenn Dir nur noch Leute Bitcoins verkaufen wollen, die Deine Identität nehmen müssen und Deine Gebühren nehmen dürfen?  Joe Hmm..? Wieso sollte das jemals passieren? Es wird immer den Schwarzmarkt geben, es wird immer Miner geben, es wird immer TOR geben, es wird noch eine ganze Weile Bargeld geben. In welchem Szenario kann ich mich nicht mehr mit Privatleuten treffen und bitcoins vor Ort gegen Scheingeld, Silbermünzen, Munition, Rauschmittel, Brötchen tauschen? Im privaten/nichtöffentlichen Bereich haben doch beide Seiten kein Interesse an Identitäten. Klar ist die Hürde vielleicht höher als bei *gox, aber ich bin mir sicher dass es anonymen OTC-Handel eher länger geben wird als offiziellen, legalen, identifizierten, versteuerten Handel. Edith: Die Frage ist vielleicht eher, wo es denn hingehen soll: Eine "unaufhaltsame", unregulierte Anarcho-Währung im Sinne von SR, oder eine regulierte, alltägliche, benutzerfreundliche Allerweltswährung à la Paypal? Ich bin für: Beides! :-) Ente |
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who missed me? I didn't miss Bitcoin over $22  Ooh, and a new avatar as well! :-) Ente |
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Here's the link: http://blockchain.info/new-transactionsEvery deposit to Gox has an unique address, so what you are monitoring is the recieving ip; 72.52.5.67. Mtgox.com resides at Prolexic Technologies in Hollywood, FL, United States. So if you monitor the flags on the map on this location, you have a pretty good idea. You check the listing further down the page to see the amount deposited. Someone should make a page with some graphs with deposits and withdraws from Gox over time, with an inbuilt alarm to wake you up when something happens!!! "receiving ip"? lol? Every single node receives the transaction. That's the idea behind p2p! I see no possibility to determine if a transaction goes to mtgox or not. Short from having direct access to gox' database.. And for sure all that stuff would be a pretty nifty warning tool. Until people send a gazillion coins to mtgox, people freak out and crash the price, and the original guy buys for a lower price.. heh Ente |
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I'm with you on that one. Call me an optimist but anything the price does seems like good news to me! If it's taking a dive it's good because it's shaking out some weak hands and making it less likely that a dive further up will turn into a crash. If it's going sideways for some time it's giving people the chance to tweak their longer term positions, it's a chance for more people to buy in when it's steady and it is easier than when volatile for people to trade with or for international transfer etc. And when it's going up fast then, well, if it's going where I think it's going it has a mighty long way to climb and if we're going to have periods of tumbling prices and steady prices it also needs to be making these jumps at times as it climbs towards that liberating future This is pretty much how I feel, too. This ever-rising price is like a horrible carcrash: You feel it's wrong, but you can't stop looking :-) Ente |
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