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81  Bitcoin / Bitcoin Discussion / Re: deepbit has 50.18 % now on: July 07, 2011, 03:52:58 PM
Again, block generation is a stochastic process, it's all about the probabilities and even a successful attack of the block chain wouldn't mean the end of Bitcoin, this is explained in the original Bitcoin paper (!).
82  Bitcoin / Bitcoin Discussion / Re: Gold has security issues too on: July 07, 2011, 04:44:38 AM
is there a known "average lifespan" of solid state digital storage media?

Maybe, but it means nothing because different products will have different characteristics.

Non standard formats are a major problem for long term data storage. You can see this happen with the formats of the most popular word processor of a couple of years ago. Files in plain text, HTML, gzip, bzip2 are as readable now as they were when they were written. Be sure to use a simple format for your wallet and bundle it's specification together unless you plan to update it with every format change of your favorite Bitcoin implementation. That's my advice.

Regards.
83  Bitcoin / Bitcoin Discussion / Re: Gold has security issues too on: July 07, 2011, 04:31:50 AM
In 5,000 year, I expect gold will be a by-product of our cold-fusion reactors. There'll be more of it than we know what to do with. There will be landfills full of the stuff.

Gold is currently being produced as a by-product of nuclear fission, albeit in a tiny ratio, along with more expensive elements. However I don't know if it's profitable for reprocessing facilities to extract it from used fuel or whether they're actually extracting the expensive elements other than 137Cs. You might want to research further, it's interesting.

P.S: Simplicity and/or standardization and the key for information preservation along lifetimes. It's clear to see paper backup archives both. If I were to use paper backup I would store it together with a written english and spanish (My native languaje) description of it's format and the decodification process.
84  Bitcoin / Bitcoin Discussion / Re: Gold has security issues too on: July 07, 2011, 04:12:01 AM
I would rather have encrypted the wallet with GNU PG and stored it in paper or optical disk.


please elaborate.

Sure.

Regarding GNU PG, a quote from it's official site: "GnuPG is the GNU project's complete and free implementation of the OpenPGP standard as defined by RFC4880" (Links added). You can use GNU PG to encrypt the wallet. I suggest diceware for the password. You can dump the encrypted file to a CD or paper with PaperBack or similar.  If you opt for this, remember to make sure the wallet don't gets into hard disk. There is no need to use a Live CD, if you use GNU/Linux (I suggest you do) just create a new user with the proper umask and /home in a tmpfs mount.

The point is to avoid banks or any other third party. Free feel to ask if you need more information in some point.
85  Bitcoin / Bitcoin Discussion / Re: Gold has security issues too on: July 07, 2011, 03:31:47 AM
I would rather have encrypted the wallet with GNU PG and stored it in paper or optical disk.
86  Bitcoin / Bitcoin Discussion / Re: Deepbit at about 49% on: July 07, 2011, 02:56:00 AM
Saying there is no difference between 49% and 51% is somewhat misleading. At 49% you might get lucky and have a double spend accepted sometimes, but at 51% you will absolutely always be able to get a transaction rewritten.

We're talking about a stochastic process, it's all about probabilities, there is specific information in the original Bitcoin paper by Satoshi.
87  Bitcoin / Development & Technical Discussion / Re: How to create a PULL request on: July 07, 2011, 02:46:09 AM
For those of us that are ignorant, can somebody tell me what a PULL request in layman's terms is? And what is it used for?

It can be properly understood when you know what a Distributed Version Control System is. Start with http://progit.org/book/.
88  Bitcoin / Development & Technical Discussion / Bitcoin overlay network on: July 07, 2011, 02:42:19 AM
Currently as far as I know the Bitcoin reference implementation connects to other active nodes nearly at random, it excludes numerically close IP addresses. This leads to a suboptimal overlay network regarding graph degree and hence propagation delay to all nodes, although it seems to be working just fine.

Has anyone considered to implement a structured overlay network instead?. This also may overlap with the proposal of storing the blocks in a distributed hash table. Most DHT models can also be used for efficient message broadcasting.
89  Bitcoin / Bitcoin Discussion / Re: Difficulty didn't go down, after all: 1 564 057.45 (old 1 379 192.2882281, 1.13) on: July 07, 2011, 02:04:55 AM
It's a mistake to think in terms of USD profit. Did you forgot than Bitcoins are themselves valuable?. Furthermore, even if you don't care for Bitcoins, no one is obligated to sell at the current market prices, that's actually the stupidest way to go.
90  Local / Español (Spanish) / Re: Funcionamiento de Bitcoin e España. on: July 07, 2011, 12:10:09 AM
Los bancos son la herramienta que conecta a los ahorradores con los inversores, de modo que los segundos piden prestado el dinero a los primeros y capitalizan el dinero creando riqueza para la sociedad y dividendos para los ahorradores (que reciben intereses).

Salvo por los bancos de reserva completa éstos multiplican el abasto de dinero, y eso propicia inflación, que de acuerdo a tus palabras en https://forum.bitcoin.org/index.php?topic=26184.msg326595#msg326595 cita textual '"Es así como un sistema deflacionario produce riqueza, al contrario que uno inflacionario que produce pobreza."' (Énfasis en el original) produciría pobreza. ¿En dónde está el error?.

Ignoro que es lo que capitalizar el dinero significa para ti, por favor especifica.

Revisión 2011-07-07 00:17 (UTC): Corregir puntuación y gramática.
91  Bitcoin / Bitcoin Discussion / Re: how long does a bitcoin transfer take ? on: July 06, 2011, 11:26:23 PM
P.S.
I just waited two damn minutes for the reply window to open !  Angry This forum is damn sluggish today ! And time is money !

It's just you.

It's not just me, my Internet connection is much faster then needed for his forum, my processor is fast enough, most other sites out there work perfectly fine, and this one usually works faster. But today sometimes it responds almost instantly and sometimes I wait for half a minute.

Aren't you aware than there are more hops between you and the Bitcoin forum and they might have problems as well?.
92  Bitcoin / Bitcoin Discussion / Re: how long does a bitcoin transfer take ? on: July 06, 2011, 11:13:05 PM
What a "transfer" is for you?.
Well for purposes of trading a transfer is done when the recipient sees the bitcoins in their balance, I thought that was obvious.

You quoted only a part of the message making it seem a dumb reply.

P.S.
I just waited two damn minutes for the reply window to open !  Angry This forum is damn sluggish today ! And time is money !

It's just you.
93  Bitcoin / Bitcoin Discussion / Re: so i went to the hacker forums... on: July 06, 2011, 10:49:41 PM
You are wrong! Hacker is hacker. When there was no laws and unnecesary prejudice against people who understand computers and hack into computer networks, all hackers were called hackers. Crackers are neologism artifically created to distant from people who hack websites, write malware and other stuff. This is wrong. I have seen on numerous ocassions how so called "white hat" hackers from well known security companies get boored and deface websites just for fun.

You expressed your disagreement with the original meaning of the work "hacker", however I missed the part where you actually explained why you do. Some hackers (In the original meaning) break into computer systems as well, both my first message in the thread and the articles I pointed to acknowledge this fact, It's not clear to me if you interpret this as a confirmation than "to hack" means to break into computer systems; that would be a non sequitur.

Basically in my opinion it is not evil to deface some website, take down some small part of network or write new piece of worm as long as the CRT monitor of the victim does not explode and blast shrapnel in face.

I agree but this is unrelated to the issue and likely to invite flames as the following one.

So you are fine with burning down a mom and pop store as long as you don't kill them in the process? :rolleyes Ah, naivete.

I'm fine with site defacing because it's a resounding way to expose a hole and force a fix, it can prevent a harmful attack. Of course, I would prefer a bug report but some sysadmins/webmasters will ignore them. nhodges is totally missing the point with his message in mi opinion.
94  Bitcoin / Bitcoin Discussion / Re: Bitcoin amount limit on: July 06, 2011, 10:18:46 PM
One thing that bothers me about the choice of the 21M top is that if you expect the whole world population to use bitcoins, then only very few people will be able to own even 1 BTC.
It would be better to right shift the decimal point right now, rather than when/if Bitcoine becomes more mainstream.

If they did that though, even though it wouldn't warrant any market change in the slightest, would probably scare a few people who didn't understand it and destabilize the market even more.

Anyone can have their client display whatever (sub) multiple of Bitcoin he wishes. The reference implementation is free software an anyone is welcome to modify it or make one from scratch. Non-programmers can hire a programmer.

Go ahead, stop crying and modify your client and distribute a patch.


It wouldn't work well unless everyone was using the same standard.

How do you plan to do that?. Bitcoin is decentralized. It's naive to assume you can get clients to follow a same standard regarding the user interface. Even regarding the protocol, there will be broken implementations. You can't but invite people to use the denomination of your preference.

The only reason people are getting involved is because they know that there is a limit. Who in their right mind would invest in something that will be diluted infinitely? The price of bitcoins would still be at $0.001 if there was an infinite supply. An infinite supply mean that no matter the demand, the price is going to be tiny, because there will always be more.

The first is just your opinion (Which is fine), the later is misleading and untrue, because demand could rise with supply, bear human population growing rate in mind.
95  Bitcoin / Bitcoin Discussion / Re: Nigeria may be forced to adopt bitcoin on: July 06, 2011, 09:50:21 PM
Please note not all nigerians are criminals. Some people from Nigeria are, that's true for any country or social group.

There is a related essay in http://www.gnu.org/philosophy/my_doom.html.


I have 2nd hand knowledge about life in Nigeria. Its full of scammers, thieves, and corruption. You can't drive 30 miles without running into a roadblock manned by thugs, government or otherwise, who will let you live if you pay the toll. Heaven help you if you actually need something from the government. They will delay delay delay until you flash some American dollar.

That said, bitcoin in Africa? Not bloody likely. They are lucky when the power stays on long enough to cook supper.

I don't know how Nigeria is. The point isn't whether Nigeria is peaceful or hostile, rather than we shouldn't assume everybody will share the same features (Being a criminal in this case) even when most people do.
96  Bitcoin / Bitcoin Discussion / Re: how long does a bitcoin transfer take ? on: July 06, 2011, 09:20:17 PM
What a "transfer" is for you?. The transaction should completely flood the network within some seconds (Remember network latency and finite nature of c). There are 6 blocks per hour on average and the reference implementations will display "confirmed" after the transaction has been buried in 6 blocks. It's only included in the transaction listing of one block, the subsequent blocks will reference and hence validate the previous one.
97  Bitcoin / Bitcoin Discussion / Re: Difficulty didn't go down, after all: 1 564 057.45 (old 1 379 192.2882281, 1.13) on: July 06, 2011, 09:11:53 PM
who said it was going down?
The people who were saying that difficulty follows price.

I think it rather follows value. Value is not always the same as price. For instance, as I think Bitcoins are going to rise by several factors in the next years and I think long term their value for me is much higher than it's current price.

Makes sense, yet at the same time it's an arguable subject.  Who's to say that price doesn't actually follow difficulty?  But the price just "hasn't caught up yet" either.  Chicken or the egg, you pick.


Difficulty affects price and vice versa, but there are other factors to consider as well.

Usually when I see something be referred to as a Chicken or the egg problem it's simply a misunderstanding of logic or the nature of the specific underlying problem. This is no exception, what you're talking about is a feedback loop, there is nothing weird about it and is omnipresent in everyday systems, including our body. The "Chicken or the egg problem" itself arises from inconsistent definitions, it's the same as asking whether a fixed object would move when pushed by an irresistible force.

Revised 2011-07-06 21:13 UTC: formatting & wording.
98  Local / Español (Spanish) / Re: ¿Como adquirir Bitcoins? on: July 06, 2011, 08:53:19 PM
No asistiré a la reunión. ¡No todos los Mexicanos viven o pueden viajar al DF!.

Concuerdo contigo en que los Bitcoins son para comerciar con bienes y servicios, y para es que pienso emplearlos (Gastarlos) mas sin embargo me resultaría conveniente comprarlos en lugar de ganarlos con trabajo directamente.

Saludos.
99  Bitcoin / Bitcoin Discussion / Re: Nigeria may be forced to adopt bitcoin on: July 06, 2011, 08:04:39 PM
Please note not all nigerians are criminals. Some people from Nigeria are, that's true for any country or social group.

There is a related essay in http://www.gnu.org/philosophy/my_doom.html.
100  Local / Español (Spanish) / Re: ¿Como adquirir Bitcoins? on: July 06, 2011, 06:51:29 PM
También lo que puedes hacer, y que te recomiendo, es vender algún servicio que cobres en bitcoins. Finalmente, es cómo se adquiere el dinero: trabajando o vendiendo bienes.

Pero yo no hablo de obtener dinero sino de cambiar una parte de mi dinero (MXN) a otra (BTC).

Me gusta tu propuesta pero por el momento no estoy interesado en llevarla a cabo. Muchas gracias de todas formas.

Los bitcoins no son un bien que se compra. Es dinero que se cobra.

También es posible comprar y vender una divisa con otra, al mejor de mi entendimiento (I.e: cambiar).
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