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1741  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [announce] Namecoin - a distributed naming system based on Bitcoin on: November 20, 2011, 06:29:55 AM
Quote
You still seem to be being browser-centric.  I have servers which don't even have a browser on them - and if .bit ever gains wider traction, I'd like them to be able to resolve .bit names.  (for email, serverside api requests etc)
If various applications that might need to talk to your .bit domain need to be specifically configured or even reprogrammed - it greatly reduces the utility of the whole idea.

This is easy to do on a server with a socks proxy or by setting up your own DNS server.

I already have a DNS resolving server set up to transparently resolve .bit names.  I'm discussing the hypothetical situation where the .bit namespace is allocated by ICANN to some registrar.
While I tend to agree it 'probably' won't happen - it's not so easy to evangelize a system based on such a fuzzy 'probably'.
I guess we just have to hope .bit can get enough traction as a useful alternative system that ICANN will at some point be more or less forced to interoperate with it.

1742  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [announce] Namecoin - a distributed naming system based on Bitcoin on: November 20, 2011, 03:28:42 AM
What happens when the .bit domain gets officially used by ICANN? Has anyone thought about that?
Nothing? Since namecoin is a different dns system, the two can work together. Of course you need to tell your browser if the .bit address you are looking for is a namecoin one or a normal icann one.

That situation seems decidedly un-nothing-like to me, and awfully browser-centric.

As it currently stands, DNS resolver operators can add transparent support for the .bit space 'as if' it were the same as any other toplevel domain.
Scripts/email systems etc can then resolve .bit names without specific configuration.

The fact that ICANN may effectively yank this mode of operation out from under us (you can bet nearly all resolver operators will revert to resolving official ICANN names) is surely a risk which may make it hard to convince operators to support it in the first place.




Just make a plugin or something like that for the browser? You want to use namecoin dns, you activate the plugin and all addresses will be considered namecoin addresses.
Otherwise, well, normal ones.

You still seem to be being browser-centric.  I have servers which don't even have a browser on them - and if .bit ever gains wider traction, I'd like them to be able to resolve .bit names.  (for email, serverside api requests etc)
If various applications that might need to talk to your .bit domain need to be specifically configured or even reprogrammed - it greatly reduces the utility of the whole idea.

I guess it may still have some niche uses even if it's unable to be used in a properly integrated way with DNS - but I hope that as Khal suggests, the probability of ICANN allocating .bit to a registry is low. 

Already I notice the situation with .bit domains is less than ideal in the chrome browser at least.   
A non-existant .bit name is treated differently to a non-existant .com name.
A bogus .com name brings up the webpage not available screen indicating a DNS error, but if I put in a bogus .bit name - the chrome search feature is activated.  Somehow under the covers chrome seems to treat .bit differently to other toplevel domains.


1743  Bitcoin / Bitcoin Discussion / Re: [COMIC] the sharks and the trampoline on: November 20, 2011, 03:00:48 AM
Would you be so kind, phelix, to explain what message you're trying to imply? I'm a tad perplex.


I think he's saying that bitcoin will be big in the extreme-sports industry.
1744  Bitcoin / Bitcoin Discussion / Re: I will be interviewed about Bitcoin on more than 100 Radio stations! on: November 20, 2011, 02:22:52 AM
I hope people here will in general leave those free bitcoins for people who are brand new to bitcoin.
I don't know how many roger is handing out, but it'd be kinda sad if existing bitcoiners slurped them up :/
1745  Economy / Speculation / Re: At what price could YOU hold up the bitcoin exchange price? on: November 19, 2011, 10:39:59 PM
I don't think any bitcoin enthusiasts could hold up the price..  because when they think it's already at a ridiculously low price they'll spend all their available money leaving nothing to stop it dropping further as the newly mined coins continue to flood in and the disillusioned/fatigued jump out.

1746  Economy / Speculation / Re: I speculate that a new name for Bitcoin would bring up prices on: November 19, 2011, 10:03:48 AM
or perhaps, in exchange for goods and services we could give a Financial Unit Cryptographic Key.  

New geeky bitcoin slogan?   'Bitcoin gives a Financial Unit Cryptographic Key for you' Tongue
1747  Economy / Speculation / Re: I speculate that a new name for Bitcoin would bring up prices on: November 19, 2011, 09:32:59 AM
I don't agree a rebranding is desirable, but I'm happy to play with name ideas..

My 1st shot:  keycoin - as a nod to the public key cryptography behind it  (cryptocoin is too 'scary' I think)
1748  Economy / Speculation / Re: Sell 27,121,329.13 BTC for 594,330.46 USD - Good Deal? on: November 19, 2011, 08:14:05 AM
So the bulk of that is 1 person with a bid for 24,560,177 BTC at 0.00001 USD

For a mere $245 or so.. you too can be 'the manipulator'!

Strange that mtgox even allows a bid of more coins than can possibly exist though :/
1749  Bitcoin / Meetups / Re: EUROPEAN BITCOIN CONFERENCE 2011, PRAGUE NOV 25-27 on: November 18, 2011, 01:09:16 PM
The image at the top of the pdf says www.bitgroups.com -  looks like it should be www.bitgroups.org though.. right?
1750  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: November 18, 2011, 05:31:01 AM
A namecoin article which mentions it's bitcoin heritage.

Quote
Anonymous "dimnet" tries to create hedge against DNS censorship

Sean Gallagher
2011-11-18

http://arstechnica.com/tech-policy/news/2011/11/anonymous-bit-dimnet-tries-to-be-a-hedge-against-dns-censorship.ars

With concern mounting over the potential impact of the Stop Online Piracy Act and claims that it could make the Domain Name Service more vulnerable, one group is looking to circumvent the threat of domain name blocking and censorship by essentially creating a new Internet top-level domain outside of ICANN control. Called Dot-BIT, the effort currently uses proxies, cryptography, and a small collection of DNS servers to create a section of the Internet's domain address space where domains can be provisioned, moved, and traded anonymously.

...


Dot-BIT is derived from a peer-to-peer network technology called Namecoin, derived from the Bitcoin digital currency technology. Just as with Bitcoin, the system is driven by cryptographic tokens, called namecoins. To buy an address in that space, you either have to "mine" namecoins by providing compute time (running client software that uses the computer's CPU or graphics processing unit) to handle the processing of transactions within the network, or buy them through an exchange with cash or Bitcoins.
1751  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: November 18, 2011, 01:01:03 AM
This one strikes me as a bit of a non-story... but I guess it's a press hit.

Quote
500,000 Bitcoins Transferred in One Exchange

Kit Dotson
2011-11-17

http://siliconangle.com/blog/2011/11/17/500000-bitcoins-transferred-in-one-exchange/

Quote
Someone out there has a lot of bitcoins to throw around.
Well it shows they're currently under control of a single entity - but it says nothing about ownership.
I think it's an interesting hint at how centralized the exchange market is.. but not much more.

Quote
The block explorer doesn’t state how many nodes have accepted the transactions that moved this 5M of bitcoins;
Pretty sure 500K is meant!

1752  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: November 18, 2011, 12:54:39 AM
Quote
Bitcoin: The Mystery Behind the First Digital Currency

Ross Lazerowitz
2011-11-17

http://infospace.ischool.syr.edu/2011/11/17/bitcoin-the-mystery-behind-the-first-digital-currency/

The entire story seems as though it has been pulled from a cheesy 1980’s science fiction movie.
...

Will Bitcoin overtake the world’s currency? Probably not. But it will make people think twice about the way current currencies are evaluated and may even help bring some much needed change to the economic system.


Quote
Information Space is where the people of the Syracuse iSchool community share their stories, ideas and thoughts about the information field. Our bloggers are students, alumni, faculty and staff.
1753  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: November 18, 2011, 12:52:18 AM
Just a very short bitcoin intro/description piece:

Quote
Tools Spotlight: Bitcoin

2011-11-17

http://digitalrightswatch.org/?p=18325
1754  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: November 18, 2011, 12:35:48 AM
Quote
Notes about “On Bitcoin and Red Balloons”

Moshe Babaioff, Shahar Dobzinski, Sigal Oren, and Aviv Zohar
2011-11-17?

http://research.microsoft.com/en-us/people/avivz/bitcoin_red_balloons_summary.aspx


Our paper “On Bitcoin and Red Balloons” has attracted some attention recently after being noticed by members of the Bitcoin community. Since the paper itself was written for theoretical computer scientists and is mathematical in nature, we give here a more simplified summary aimed at those that are more familiar with Bitcoin.
1755  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [announce] Namecoin - a distributed naming system based on Bitcoin on: November 17, 2011, 11:09:37 PM
What happens when the .bit domain gets officially used by ICANN? Has anyone thought about that?
Nothing? Since namecoin is a different dns system, the two can work together. Of course you need to tell your browser if the .bit address you are looking for is a namecoin one or a normal icann one.

That situation seems decidedly un-nothing-like to me, and awfully browser-centric.

As it currently stands, DNS resolver operators can add transparent support for the .bit space 'as if' it were the same as any other toplevel domain.
Scripts/email systems etc can then resolve .bit names without specific configuration.

The fact that ICANN may effectively yank this mode of operation out from under us (you can bet nearly all resolver operators will revert to resolving official ICANN names) is surely a risk which may make it hard to convince operators to support it in the first place.


Why would ICANN want to use .bit TLD in the first place ... see how much resistance they put up to extending beyond the limited set they began with. Adding in .bit for them would create more confusion than clarity. There is little upside for them to commandeer it at this stage. Why would they it is not like it is .com or .org ...

Because they're pretty much opening up arbitrary toplevel domains to whoever has deep enough pockets and the facilities to run a name registry.
The risk is that *someone* wants to run the .bit space, whether for its own sake, or to deliberately bring the space namecoin is trying to occupy back under control.
I have no real idea how likely that is  - but the mere possibility makes .bit less attractive.



1756  Economy / Speculation / Re: Someone just took a gigantic dump. on: November 17, 2011, 10:54:35 PM
Hai Guyz, I made a chart to esplain everything

The first few dips looked like smilies - the later ones look like shark's teeth.
That does indeed explain everything, thank you.
1757  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [announce] Namecoin - a distributed naming system based on Bitcoin on: November 17, 2011, 10:29:47 PM
What happens when the .bit domain gets officially used by ICANN? Has anyone thought about that?
Nothing? Since namecoin is a different dns system, the two can work together. Of course you need to tell your browser if the .bit address you are looking for is a namecoin one or a normal icann one.

That situation seems decidedly un-nothing-like to me, and awfully browser-centric.

As it currently stands, DNS resolver operators can add transparent support for the .bit space 'as if' it were the same as any other toplevel domain.
Scripts/email systems etc can then resolve .bit names without specific configuration.

The fact that ICANN may effectively yank this mode of operation out from under us (you can bet nearly all resolver operators will revert to resolving official ICANN names) is surely a risk which may make it hard to convince operators to support it in the first place.


1758  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: November 17, 2011, 06:24:16 AM
Quote

isutech.wordpress.com is an illinois state university blog 'funded by a grant from the National Science Foundation.'
1759  Economy / Speculation / Re: The Red Baloons paper on: November 17, 2011, 05:03:44 AM

Yeah, I was that guy holding a month-long discussion about dynamics in Bitcoin.
...
Please just stop bumping this thread, just as a favor to me.


I don't recall even seeing your username before let alone a month-long thread on some topic related to this.
Thread-reference - or suffer the bumps more humbly please.
1760  Economy / Speculation / Re: The Red Baloons paper on: November 16, 2011, 03:53:05 PM
the glaring thing about the paper is that it totally ignores human behavior and mass psychology.  the authors don't realize that most of the networks participants have an allegiance to the Bitcoin philosophy and will do anything to protect it.

That was my first thought on the issue too.  I do wonder however if this holds true for the long-term possibility of a vastly bigger and more complex node space.

Could it one day be profitable to create vast armies of selectively-relaying nodes, with the hope of 'surrounding' some proportion of transaction-generating participants? 

Transaction-funnelling aside...  there is already an incentive to create such a system of nodes which 'instrument' the bitcoin network in order to de-anonymize transactions and analyse flows. (as mentioned by Dan Kaminsky)    For an organisation already set up to sell bitcoin econometric data from their massive node network - it may be tempting to earn some kickbacks from large miners to do preferential-relaying.

What could the Bitcoin supporters do to counteract this?  Run their own clouds of honest nodes? Even if the cost per node is pretty low - they're competing with bad node operators who are earning something from their nodes.  I guess the miners themselves would then have an incentive to run as many honest (or self-directing!) nodes as possible too. Do we end up with not just the hash-power arms-race - but also a node-count competition?


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