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1481  Bitcoin / Bitcoin Discussion / Re: What people would you like to see on denominated bitcoin bills? on: January 03, 2012, 02:01:54 AM
Ugh.  I'm not in favour of the Gnu at all.

It has a strong association with a certain virally incompatible licensing system - which thankfully not much software in the Bitcoin world uses.

Even if (unlike me) you are a fan of the Gnu philosophy - why would you want it associated with Bitcoin?

How is it even relevant to Bitcoin? 

I think gnu has been vital in the development of software technology, but I do see how it presents issues to this project. Keep in mind that many of the utilities used for cryptography in bitcoin related software are gnu based.

While I may disagree with some of the philosophy - I still recognise it's an amazing and important contribution.
Probably for this reason I'd find Richard Stallman's ugly mug a better fit for a banknote than the Gnu..  but perhaps he would object to his image being used on money anyway.

1482  Economy / Speculation / Re: New bitcoin nodes popping up in Asia on: January 03, 2012, 01:11:32 AM
I've been watching that globe for a while now too.

The number of nodes shown over the past week or so seems to be way down on what it was a while back.
Not sure if it's related to the holiday period, a genuine dropoff in nodes, or technical issues with the way blockchain collects the data.

In particular I have noticed quite a jump in the number and size of the dots/spikes showing up in Japan.  For a while Japan looked woefully under-represented, but I think we're finally starting to get some interest there.

1483  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 03, 2012, 12:37:31 AM
It's an oblique reference only.. but as far as I know this is the first acknowledgement from AMD of the Bitcoin mining phenomenon which is for now at least, dominated by their products.

AMD Radeon™ HD 7970 Graphics

"Fold and mine faster than ever with AMD App Acceleration powered by the unprecedented 28nm GCN Architecture."

discussion thread:
1484  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 02, 2012, 10:26:13 PM
Changing dynamics of financial crime in the digital era

Jeroen de Bel

"In America concerns have been raised in the last year over Bitcoin, a decentralized, peer-to-peer network that can be used for making anonymous payments. US Senator Schumer called Bitcoin ‘a system for online money laundering and drug financing’."
1485  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 02, 2012, 10:50:30 AM
Hyperinflation in Bitcoinland

Matías Vernengo
(Associate Professor, Department of Economics, University of Utah)

" In my view Nakamoto is the intelligent version of Madoff. He got away with the dollars and dumped the bitcoins."
1486  Economy / Economics / Re: Bitcoin would be perfect for inter-planetary trade on: January 02, 2012, 02:23:21 AM
If you're more than 100 light years away, chances are I'll be dead by the time you get my funds.

If I know about you and you're more that 100 light years away, chances are you're already dead. is working on this problem - but unfortunately they don't accept bitcoin donations (I asked)

1487  Economy / Speculation / Re: Predict the price on 3/1/2012. on: January 02, 2012, 02:17:24 AM
On the date 1010301 I predict BTC will be worth 2012 Taiwan New Dollars.
1488  Economy / Speculation / Re: why is price of bitcoin rising these last few days ? on: January 02, 2012, 01:57:07 AM
It doesn't matter as long as people are willing to keep putting money down to back their belief / speculation.  The miners have to be paid or the price goes down.  People have to not panic or the price goes down fast.

Mr. M had the capital to prop it up at $2, but probably not at $20.  Thus it falls back to fundamentals and speculation.  The fundamentals say we're overvalued by 1-2 orders.  Speculation gets harder the more expensive it gets.

All the things you cite are great reasons for the price to run up, but I don't see how it's going to find support once it gets up there unless the fundamentals change, specifically a sustained increase in real commerce.

This strikes me as revisionism. 
The patterns of asks down at the $2 and $3 levels showed all indications of strong multiparty buying pressure.
'The manipulator' might be an interesting theory with regards to why certain sequences of abrupt movements occur - but you seem to be overreaching.
1489  Economy / Speculation / Re: $5.5 today!? on: January 02, 2012, 01:47:42 AM
What's funny is that a lot of people haven't been paying attention to bitcoin. The people that looked last week saw $3, and the next time they're going to look it's going to be $6 and be like WTF?!.  Cheesy

12-18-11: $3
12-25-11: $4.2? (too lazy to look at charts)
1-1-12: $5.4 right now
1-8-12: $6.6?

WTF? As if your 'guess the price on (date format that only makes sense in the USA)' wasn't bad enough , now you've gone back to mid last century and decided 2-digit years are a good idea again?
You Date-format troll!
1490  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 02, 2012, 12:55:55 AM
Disrupting Banking

Simon Dixon speaking at the European Bitcoin conference - Nov 2011
1491  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 01, 2012, 01:22:42 PM
'Tyler Durden' at zerohedge apparently didn't get the news that Bitcoin is alive and kicking. He's not a fan anyway.
Edit: It's clear Tyler Durden is just an alias - but apparently it's a pseudonym for several writers
(thanks to Isosceles for pointing out that in this case it's Brandon Smith at alt-market: . Don't know how I missed that.)
The zerohedge site appears to be quite influential:   alexa rank 1,820    rank in US 830.

Guest Post: The Economic Solutions Of Vampires

'Tyler Durden'

The suggestion that we can solve our current financial despair with the formation of a whole new currency, or a global currency, is like suggesting to a slave that he would be much more free with a shinier set of chains.  Any solution that purports to undo the crisis by doing more of the same was probably devised by an economic vampire.

This includes digital currencies like the failed “Bitcoin”, which swagger about in the classy looking threads of technology and diversity while flashing us impromptu peace signs.  Digital currencies are a Star Trek theme park distraction, and just like any paper fiat currency, they make promises they cannot keep.  Any trade system that depends upon good faith in ones and zeros traveling across a network of machines that can be hacked or rendered useless by collapse is doomed.  We have already tasted the danger of digital through the debauchery of credit cards.  Why tempt fate even further?  
1492  Bitcoin / Bitcoin Discussion / Re: tainted bitcoins on: January 01, 2012, 01:49:06 AM
1. obtain "tainted" coins
2. send a small amount to every donation address you see
3. infinite griefing!

No, It would only cause problems for those who use wallets which don't subscribe to taint-lists.
Taint-list subscribed wallets could keep tainted coins separate so they're not inadvertently used as inputs along with other coins.

Your taint-aware wallet would let you know that the 'tainted' coins might be taxed or confiscated at the various government audited control points.
(e.g  major merchants, exchanges)

You can use a mixing service if you want - but you'll just be increasing the likelihood of getting tainted coins.

Multiple such tainting overlays could one day exist - and it seems to me that if the community were to develop protocols to allow wallets to subscribe to such lists, it may in fact speed up legal/governmental acceptance of bitcoin.  At the moment - some organisations are even scared to accept them as donations due to 'legal uncertainty'.

Taint overlays wouldn't stop you from accepting coins that governments considered 'tainted'.. you'd just be limited as far as who else would accept them.
The tainted coins would perhaps trade at a slight discount if they are merely taxed at control-points, or, if confiscated at control-points, they would trade at a heavier discount and be useful for the black market only.

1493  Bitcoin / Bitcoin Discussion / Where to publish short Bitcoin article/parody? on: December 31, 2011, 02:51:33 PM
I have a short article/parody related to EFF and Bitcoin that I'd like to post somewhere.
(roughly the sort of thing the Onion might do - but of course getting them to print an article is unlikely)

I don't currently run a blog etc - so would prefer to throw it up on an existing bitcoin news/blogging type site.
1494  Bitcoin / Bitcoin Discussion / Re: Bitcoins are not, in practice, fungible on: December 31, 2011, 09:27:12 AM
See this for some thoughts on how taint-tracking systems may actually be inevitable:

1495  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: December 30, 2011, 04:24:57 PM
Money / Shiny new coins
The digital currency that could replace the shekel.

Chen Brand

Israel Media Discovers Bitcoin

Adrianne Jeffries
1496  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: December 30, 2011, 01:00:13 PM
28th Chaos Communication Congress

Electronic money: The road to Bitcoin and a glimpse forward
How the e-money systems can be made better

Peio Popov
1497  Bitcoin / Bitcoin Discussion / Re: Putting my hand up to be the unofficial bitcoin marketeer on: December 30, 2011, 09:54:36 AM
  We may need to sell loaded plastic cards to the villagers that dont have smart phones.

wait.. what??  Are those bitbills.. or has the bitcoin marketing department invented some new bitcoin technology already?
(I shouldn't be surprised I guess.. that's what marketing does... right..??)

1498  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: December 30, 2011, 07:16:38 AM
New York University Stern School of Business

NYU Stern Economics

Keeping Currency Valuable

We’ve seen cases of this happening during hyperinflations, but counterfeiting has the same effect.  An interesting place to see this, and many other monetary phenomena, play out is in the bitcoin market.
People fled the bitcoin — as they would any unstable currency — and prices never recovered.
1499  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: December 30, 2011, 04:05:18 AM
Linux Week In Review #29

TLWIR 29: Mozilla News, LibreOffice Chart Trick and Bitcoin Rises Again

Rex Djere

Many pundits a few months ago predicted Bitcoin’s demise. They praised the noble vision of the technology, but cautioned that the inventor’s naivety didn’t change the fact that such a radical departure from norms could never succeed. I’m sure that similar things were said about GNU/Linux a decade ago.
1500  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: December 30, 2011, 03:09:35 AM
Article in Digital Gold Currency Magazine   - December 2011 Edition (page 30)

Decentralized Money: The Features of Bitcoin

Bitcoin is an exciting young private
digital currency with a brand new
decentralized design. Payments
flow effortlessly from person to
person, transactions are free and
Bicoin has acquired a massive
army of global supporters.

Also perhaps of interest to some bitcoiners - A small article 'Open Transactions "Smart Contracts"'  page 23
followed by an article from Fellow Traveller 'How authorities can control things by failure to enforce things' which mentions bitcoin and silk road.

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