922
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Bitcoin / Bitcoin Discussion / Re: Pre-order Bitcoin Magazine - Quality control, final revisions on proofs
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on: April 23, 2012, 10:38:02 AM
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Since my comment has been erased from the online edition of the magazine, I have no other choice but to post here about the "newbies" review of wallet options. One again, I am writing this because the reviewer is using the name of the service my colleagues and I have decided to offer to the bitcoin community for free, namely instawallet, as title to his review.
He is citing as "disadvantages" the following: "You have to trust the provider not to be careless or malicious" Isn't it true of just ANY third party provider ? When I am using the bitcoin client I am trusting the developers to be not malicious nor careless.
It's an OPTION offered to everyone, not an obligation nor a "disadvantage", unless you ASSUME the provider to be careless, which in our case is totally unjustified . A review is not supposed to qualify as "disadvantages", options that are offered to users. Otherwise, he could just by the same logic qualify as a "disadvantage" the option to control one's own keys because EVERYBODY can be careless at times in handling them.
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924
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Bitcoin / Press / Re: 2012-04-12 BusinessInsider's misconceptions about Bitcoin
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on: April 22, 2012, 09:59:04 PM
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I don't think the "businessinsider" article deserved such a thorough rebuttal: it's a worthless piece of blatant propaganda written by an editor that is "fed" by Visa and Mastercard on a full time basis. The fact that lobbyists must now resort to misrepresentations of bitcoin is another sign that bitcoin is recognized as a viable alternative.
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925
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Bitcoin / Bitcoin Discussion / Re: Bitcoin - The Libertarian Introduction (a primer on Bitcoin)
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on: April 20, 2012, 05:12:42 PM
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Just now getting around to reading it. This is one great article, albeit I did find an error. Bitcoin is thus the only currency and money system in the world which has no counter-party risk to hold and to transfer. This is absolutely revolutionary and you should read the preceding sentence again. Actually this particular paragraph might contain a slight overstatement: it's more accurate to write that bitcoin allows us for the first time in history to spread the counter-party risk on the entire community (of miners) instead of relying on a single counter-party (single point-of-failure). As such, bitcoin can be said the first ever "community based" monetary system, one that cannot be easily hijacked by a small group of people. I don't think the miners qualify as counter-party risk. In fact, if they all stopped, I could mine myself Of course, we could also say Bitcoin has counter-party risk in the internet infrastructure itself... I rely on the cables and electricity and servers. But I think that starts becoming a meaningless definition of "counter party risk". It is the fact that no single entity or organization is vulnerable or can halt the payment or holding of Bitcoin. THAT is the breakthrough and I thus I think the statement "no counter party risk" is valid. That’s true: you can replace elusive miners with your own mining rigs, thereby mitigating the counter-party risk. However that amounts to acknowledging that such risk exists, even with the bitcoin network. That is the point I was trying to make: bitcoin does not remove the counter-party risk but what bitcoin does is put you in control of the risk.
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926
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Bitcoin / Bitcoin Discussion / Re: Bitcoin - The Libertarian Introduction (a primer on Bitcoin)
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on: April 18, 2012, 10:26:16 AM
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Just now getting around to reading it. This is one great article, albeit I did find an error. Bitcoin is thus the only currency and money system in the world which has no counter-party risk to hold and to transfer. This is absolutely revolutionary and you should read the preceding sentence again. Actually this particular paragraph might contain a slight overstatement: it's more accurate to write that bitcoin allows us for the first time in history to spread the counter-party risk on the entire community (of miners) instead of relying on a single counter-party (single point-of-failure). As such, bitcoin can be said the first ever "community based" monetary system, one that cannot be easily hijacked by a small group of people.
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927
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Economy / Service Announcements / Re: New, simple online wallet: www.instawallet.org - no signup required
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on: April 18, 2012, 10:07:11 AM
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Uh, all I know is that like a year ago I really tried to help get bitcoin-central going and support was unreachable and I had to stop recommending and using it. Sorry if he was in a body cast or something, but nothing was happening and withdrawals were unavailable for a suspiciously long time.
Ok but a year ago is a long time ago: that's precisely about the time bitcoin-central was resolving all the issues entailed in a new service launch. No bitcoiner was harmed during this process. Things are settled now an and you can use it with confidence thanks to davout efforts.
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929
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Bitcoin / Bitcoin Discussion / Re: Bitcoin - The Libertarian Introduction (a primer on Bitcoin)
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on: April 17, 2012, 09:32:04 PM
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Great article Erik, very inspiring and informative: the best bitcoin primer I have read to date !
Per a comment by Portnoy, I would rather use your second choice of "hydra" as a metaphor for the resilience of bitcoin than a lethal disease.
Overall, it's fun to read because of lines like that one:
"Try fleeing a country with $1,000,000 in bullion without the government knowing about it. Easier said than done. With Bitcoin, it's almost easier done than said"
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931
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Economy / Service Announcements / Re: New, simple online wallet: www.instawallet.org - no signup required
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on: April 17, 2012, 07:45:45 AM
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I knew davout was lazy on bitcoin-central, but I assumed acquiring this meant he was active again. :-(
"lazy" ? That's probably an auto-correction typo, right You meant "busy" ! Yes we are all busy as hell trying to deliver as fast as we can. Server migration is not something you do in a snap when it comes to a service like instawallet, requiring security and performance. Thanks to davout for this extra effort and thanks to all of you guys for your patience.
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933
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Economy / Trading Discussion / Re: mt gox loses another customer
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on: April 09, 2012, 10:15:22 PM
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@OP relax, you are welcome also to sign up with bitcoin-central.net (whose bank is in SEPA zone)
However I would not fire missiles at any of the competitors because what we need is liquidity.
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934
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Bitcoin / Bitcoin Discussion / Re: Why not just start a Bitcoin2 parallel to Bitcoin?
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on: April 09, 2012, 09:24:48 PM
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Let me try to recall how mathematical induction works If coin(n+1) has value because coin(n) exists and coin(n+1) can be created at zero marginal cost then .. the market for coins can be expanded indefinitely wow wait, the convergence value must be zero then right ? But the markets for coins now is owned by bitcoin: the only reason the alt chains exist in the first place is because they conveniently use the bitcoin forum as their bootstrap strategy. Without the bit coin forum they would have minuscule audience and zero network effect.
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935
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Local / Discussions générales et utilisation du Bitcoin / Re: Bitcoin-Central : Achetez/Vendez facilement en EUR !
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on: April 08, 2012, 10:26:22 PM
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BONJOURS, je suis nouveau, j'ai envoyer un virement hier pour bitcoin centrale et j'ai tjr rien sur mon compte pouvais vous me dire si cela est normal? combien de tps cela mai pour etre mi sur mon compte?
merci par avance
Les délais bancaires (délai pour votre banque de consentir à effectuer le virement puis délai de prise en compte par la banque destinataire) varient et ne peuvent être influencés par bitcoin-central. Bitcoin-central crédite votre compte en euro dès réception des fonds sur son compte. Il faut compter moins de 48h en général mais parfois plus (notamment si jours fériés).
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937
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Local / Discussions générales et utilisation du Bitcoin / Re: Paytunia mobile sur Android (Google Play)
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on: April 08, 2012, 10:00:07 PM
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L'idée c'est de construire une alternative aux systèmes privateurs de liberté, notamment les systèmes financiers.
La communauté bitcoin est en droit de développer et d'utiliser tous les services utiles et laisser les utilisateurs décider si ils sont faits pour eux ou non. Un client léger comme Paytunia présente des avantages objectifs sur un mobile, notamment la disponibilité immédiate à tout moment sans avoir à mettre à jour la chaîne de blocs localement.
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938
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Bitcoin / Bitcoin Discussion / Re: Max Keiser Report on Bitcoins! 4/7/2012
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on: April 08, 2012, 09:14:44 PM
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most folks fear what they don't understand. also the "not backed by anything" again and again. it's not a rational, but psychological thing. we have to learn to deal with that.
Bitcoin is not backed by any thing, because it's backed by people, by you: 2 billion internet users (soon )
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