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2441  Bitcoin / Bitcoin Discussion / Re: Googlebomb: Bitcoin on the Road to Mainstream on: July 07, 2011, 11:44:00 PM


World Map Showing the distribution of bitcoin client users across the globe.



The map is awesome. 
Where did it come from and what is the date it was generated? Is it updated regularly? What do the colours mean?

2442  Bitcoin / Bitcoin Discussion / Re: Googlebomb: Bitcoin on the Road to Mainstream on: July 07, 2011, 11:39:38 PM

In this case - I think the result is awful.


Your negative sentiment is one of the only "results" so far, that I'm aware of. I hope some positive, enthusiastic people visit this thread and click the article links in the original post.

Merchants can't adopt something they've never heard of, and won't accept a currency nobody has ever asked them about.

Drawing new people's attention to this thread is the result I consider awful.
I put in a positive suggestion about local user groups as a way to get merchants on board..  they have an immediate reward in the form of local geeks willing not only to help them set it up - but to buy some product/services from them.
MUCH more positive than a thread with 'Googlebomb' in the title.   Edit the title. It's just embarrassing.
2443  Bitcoin / Bitcoin Discussion / Re: Googlebomb: Bitcoin on the Road to Mainstream on: July 07, 2011, 09:52:51 PM
Done. And this thread is the first result.

lol whoops.



Recursion isn't always a bad thing.

In this case - I think the result is awful.
It provides ammunition to those who think bitcoin is a bubble hyped by desperate fanatics.
As much as google irks me sometimes - I can't help marvel at the appropriateness of it screwing with this lame attempt at self promotion.

I agree that the focus should be on getting it accepted by merchants.
Perhaps a more positive way to do this would be to encourage local bitcoin usergroups/meetups. At the meetups people could pick some local merchant(s) that a fair number would like to purchase from, and see if they can encourage and assist them in setting up bitcoin and prominently displaying the logo.
It might be the local pizza shop.. or pc shop for example.





2444  Bitcoin / Development & Technical Discussion / Re: Should there be Three Laws of Bitcoin? on: July 04, 2011, 07:24:31 AM
Quote
2. Why there can't be a time limit of inactivity, if a coin hasn't been touched in the past 10 or 20 years, can the program just mark it as "lost" in the blockchain and issue a replacement?

Awful idea.  If I've been jailed for 10+ years after my magnificent heist went wrong by some malevolent regime who doesn't like my politics,
I'd like my loot savings to be safely hidden in the form of an encrypted bitcoin wallet.

2445  Bitcoin / Bitcoin Discussion / Re: What "Known Celebrity" would be down with Bitcoin? Seriously on: July 04, 2011, 05:04:29 AM
I think we need Robert Foster to make a video about bitcoin. His intelligence and messages very convincing.

http://www.youtube.com/watch?v=L6O6sM2Shok

Rober Foster
RAP NEWS 8: Osamacide
The Juice News

Oh hell yes!   Given the wikileaks connection, and that they're accepting bitcoin donations - it wouldn't surprise me if bitcoin made at least a token appearance in a rap news episode soon Smiley

2446  Bitcoin / Bitcoin Discussion / Re: ATTENTION: Any exchange right now can act like a bank on: July 04, 2011, 04:44:16 AM
ok - so now I think I understand that you are suggesting the exchange manage an exchange-side wallet per trader.

This would be fine - except for transaction speed.
Traders can theoretically do multiple trades per second - especially if controlling via an API.

Perhaps it could be done if these server-side wallets were updated with the balance due to trading.. on say an hourly basis. (and upon withdrawal/deposit by trader)

I'm coming round to the idea in that case.  
It wouldn't stop a hack of the system in between wallet-update-ticks  - but may give people long term confidence that the exchange is solid.
The previously mentioned database total compared to wallet total checks would still need to be done anyway.
2447  Bitcoin / Bitcoin Discussion / Re: ATTENTION: Any exchange right now can act like a bank on: July 04, 2011, 02:59:37 AM
An exchange uses a database to store everyones information, such as the amount of BTC you have. Say the exchange has 1000 BTC total from a spread of 100 users. Someone hacks the database (or the site/owner changes the database) and adds a user and sets his BTC amount to 1000 BTC -- even though those BTC don't actually exist.

This user can now proceed to sell, buy, cashout ect. -- All without being noticed as long as more and more users use the site. Now, if one day the user base becomes too low or everyone decides they need to cash out -- IT WILL NOT BE POSSIBLE.

A system in place needs to be acted upon on all the exchanges ASAP. I call upon them to do this for the safely of BTC and its users.


This is trivially done.  Check the total of BTC in the DB and compare it to the exchanges BTC wallet(s). Perhaps before each withdrawal.
It's most likely the exchanges have many such checks already in their code.

Are you  suggesting the exchange should operate directly by depositing BTC as trades occur?  I guess you can't be - because that would be utterly impractical due to the slowness - and would mean that if things were hacked/glitched - there'd be no repair possible via rollback.
(reverted trades do occur on standard exchanges - happened on NASDAQ earlier this year due to glitch apparently)

I'm not clear on how the addresses you talk about allow us to verify things are legit - to me it sounds unlikely to be useful.  Please give an example of a previously empty exchange followed by a single trade between two users, and what is where in your scenario.
2448  Bitcoin / Bitcoin Discussion / Re: What "Known Celebrity" would be down with Bitcoin? Seriously on: July 03, 2011, 05:05:50 AM
Charlie Sheen would be awesome. He's a liberty oriented type of guy.
God damn it. My internet crashed literally seconds before I hit the post button. Then I got back online a few minutes later and you stole it from me! Damn you to hell!!  Grin

My first thought was, please.. let it NOT be Charlie Sheen Tongue
2449  Bitcoin / Bitcoin Discussion / Re: Bitcoin plus - is it owned by a member of this forum? - RANT ALERT! on: July 02, 2011, 01:05:02 AM
And go around calling "scammers" and "robbers" over cents... get real!

While I agree with you that the leap to use the word 'scam' isn't helpful
- neither I think is the implied attitude that 'cents' or even tiny fractions thereof don't matter.
They matter a great deal to new bitcoin users - who may have about 0.01BTC total and are interested in trying out the system.

Really - I think many must have walked away from bitcoin because it feels like their wallet is just being eaten up by fees - just like the ordinary banking systems.

I know bitcoin isn't really optimised for microtransactions, but due to the uneven wealth distribution - this is already a problem for uptake.
2450  Bitcoin / Bitcoin Discussion / Re: Who is willing to create on: July 01, 2011, 08:30:04 AM



Get bitten by the bitcoin bug!
2451  Bitcoin / Bitcoin Discussion / Re: Hashcash for dealing with dust spam? on: June 30, 2011, 07:08:49 PM

I guess just a hash of a recent block in the chain would be a good enough form of 'timestamp' for this.

timestamps are smaller, and i can see other uses for a timestamp in a transaction, actually there already is a lock_time field, i have no idea what it's used for though

But how is putting in a timestamp proof that the time it was done was actually anywhere near the time claimed?
Hashing a recent block proves approximately when you did your work.  What are you going to put in a timestamp that can't be forged?
2452  Bitcoin / Bitcoin Discussion / Re: Hashcash for dealing with dust spam? on: June 30, 2011, 06:01:46 PM

It had better be a proof of *recent* work - or people will generate these in advance and horde and trade them.. and it'll be a parasitic currency Wink
haha yea, hadn't thought about that, maybe add an extra timestamp field then.

I guess just a hash of a recent block in the chain would be a good enough form of 'timestamp' for this.
2453  Bitcoin / Bitcoin Discussion / Re: Hashcash for dealing with dust spam? on: June 30, 2011, 05:38:27 PM
Quote
the system would require transaction requests to be signed with a proof of work

It had better be a proof of *recent* work - or people will generate these in advance and horde and trade them.. and it'll be a parasitic currency Wink
2454  Bitcoin / Bitcoin Discussion / Re: Data proves Bitcoins are rising to 1000+ on: June 30, 2011, 05:03:06 PM
A proper reading of Trendy the BitSnail indicates that he's holding prices at around $17 (as marked by the centre of his deflationary-spiral shell)
but if you follow a line from his eye stalks just above his shell - he has a slightly longer view of about $34.

Who wouldn't take market advice from a bullish snail!?
2455  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Survive? Is It Legal? - Forbes on: June 29, 2011, 03:09:39 AM
This article says I made $3 million....Hahahah very funny.

This tale of someone buying 20,000 low and making about $3 million has popped up in a couple of places..
Is it really referring to you - and if so - are you able to share the real story?

2456  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Show on OnlyOneTV.com on: June 28, 2011, 05:19:00 PM
When will it be on your website so I can post a link to it from my site?
Thank you for the fun experience.

I enjoyed the discussion so far - but why are your BTC prices so high? 
sorry if you mentioned why in the show (still watching)

Currently your site seems to be operating on an exchange rate of around $11USD/BTC while it's up around $17 on mtgox.
2457  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bank on: June 28, 2011, 05:14:47 PM
Who are they? What do we know about them?

This was my first thought.  I always distrust a site that won't give at least some basic info such as the company name.
What a cheek to call themselves a 'bank' whilst withholding that.

2458  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Show on OnlyOneTV.com on: June 28, 2011, 04:32:00 PM
Loved show 13!
The stuff about deterministic wallet key generation was amazing.

2459  Bitcoin / Bitcoin Discussion / Re: [Full Disclosure] Live mtgox.com trade matching bug. on: June 28, 2011, 04:27:27 PM
I don't even understand why it's a bug. (unless it affects the current price calculations)

I've put in buy orders without the USD to cover it - based on the assumption that the buy would only occur if my sell orders had executed to provide the funds.
It's a feature!
2460  Bitcoin / Bitcoin Discussion / Re: Solution to wallet security on: June 28, 2011, 12:41:06 PM
2) Virtual keyboard option where the password is entered on a scrambled keypad with a mouse - no key-logger virus possible
How can that be hacked? Much simpler than getting a computer and running a geek os.

A virus could use the Remote Frame Buffer protocol (the protocol used in VNC) to capture the pad entry.  The virus might be smart enough to at least identify which window to capture - even if it just packages up the info to send to a human to read off the actual numbers that were input.

I don't doubt there are other ways too.


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