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3481  Other / Politics & Society / Re: Intellectual Property - In All Fairness! on: August 24, 2011, 08:11:30 AM
Quote
ECONOMICS IN ONE LESSON
Copyright, 1946, by Harper & Brothers
Printed in the United States of America
All rights in this book are reserved. No part of
the book may be reproduced in any manner
whatsoever without written permission except
in the case of brief quotations embodied in
critical articles and reviews. For information
address Harper 6 ̄ Brothers
r.-c

I swear I've seen this somewhere else before. I think he ripped it off.
3482  Bitcoin / Bitcoin Discussion / Re: Unit name for 1e-8 BTC on: August 24, 2011, 05:06:37 AM
If Bitcoin grows to become widespread, we need a very easy, comfortable name - nothing techy like "uBTcents". Bleh.

I think something like "minicoins" would be perfect. Your Starbucks latte will cost perhaps 15 minicoins.



.001 is a millicoin (millie)
.000001 is a microcoin (mike)
.00000001 is a nugget
3483  Bitcoin / Bitcoin Discussion / Re: Unit name for 1e-8 BTC on: August 24, 2011, 05:05:17 AM
10^-8
ten to the negative 8th power
ten to the neg eight
neg eight
negate
"Gimme those negates"
hmm, nuggets?
"Eighteen nuggets for a beer? Outrageous"
3484  Bitcoin / Bitcoin Discussion / Re: Why does a block drop to 25? on: August 24, 2011, 02:33:35 AM
Imo it is the only way for this tank not to leak value and thus be a worthy place to store value at all.

Also, as the blockchain grows longer, the less incentive competing cryptopcurrencies have to start their own.
People will obviously be drawn to the network most resilient against attack.

Is a longer blockchain itself is attack-proof, even the total computing power is dropping?

No. Well, it's less susceptible to be written over from the beginning, but that doesn't matter. Any real attack will work off of a recent block so current power is all that matters.

This is why clones are silly. Unless something way better comes out (and then we'd all rationally port to it) it makes sense (from an individual and group point of view) for everyone to join the strongest network.
3485  Economy / Currency exchange / [Closed] [WTB] GoDaddy Gift Card $70 on: August 24, 2011, 02:25:00 AM
http://www.godaddy.com/gift/gift-cards.aspx

I'll pay 7BTC for a $70 card. Offer good for a few hours. PM me to commit and get email.

You send first, payment when I get the card. Need a little rep, no brand newbies please, sorry.
3486  Bitcoin / Bitcoin Discussion / Re: Why does a block drop to 25? on: August 23, 2011, 11:47:11 PM
I am curious to why blocks drop down to half? Would it keep dividing into half till it is almost nothing?

Yes, every 210000 blocks the reward halves (rounding down when needed) until it is literally nothing in 140 years. Imo it is the only way for this tank not to leak value and thus be a worthy place to store value at all.
3487  Bitcoin / Bitcoin Discussion / Re: Can the same bitcoin be spent twice (or more) in one block? on: August 23, 2011, 11:45:03 PM
It is technically okay to have unconfirmed inputs, old versions allowed this from the GUI. The newer ones don't. I can't remember the exact justification.
3488  Other / Meta / Re: Get Donator status by donating 10 BTC on: August 23, 2011, 07:40:37 PM

If you want to get credit you get a new address generated just for you by PMing theymos.
3489  Bitcoin / Development & Technical Discussion / Re: Anyone else concerned about global hashrate? on: August 23, 2011, 05:59:56 PM
Guys, if someone has 55%+ of the network on their own and they have malicious intent, we're screwed.  Once a week they could do a huge double-spend or just start rewriting the blockchain for fun.   The value of BTC, and thus quantities of miners, would probably dissipate after the first or second week, making it even easier on subsequent weeks to throw in the KO punch.  The entire security of BTC is based on the assumption that no one has that much power.  I agree that there should be a plan in place for how to deal with such events, but I'm trying to focus on whether there's a way to avoid it to start. 
 

I agree, the fix/workaround for dealing with a Malicious Power would just get worse and worse if they kept the power. And if they ever got it I do think legit mining power would drop as you say.


Right now, there's only a few entities in the world who can match the global hashrate, but I don't see how this is going to get any better.  I am looking for optimism about the future of BTC in this light.  There is not enough financial incentive for miners to invest in new hardware, and CPUs mine for net loss.  So, is the BTC network always going to be vulnerable to a botnet/gov't attack?  Or is there a reason to believe that things will pick up?  I know we'd like to believe value will jump up above $100/BTC which would certainly provide incentive, but if it doesn't happen before the generation rewards are cut in half, that could be the start of a downward spiral.


Obviously a price increase adds strength, but it isn't the only way. Profit motivated individuals will innovate and find more and more efficient ways to get the reward getting us more bang for the buck. Some innovations will be copy-able by Malicious Powers, but some will not, like masses of people in cold climates getting nearly free mining electricity because they would pay for the heat anyway and people putting "owned for other reasons" hardware to work mining when idle. That just means there is some extra (probably growing) multiple of cost for the attacker compared to the costs of honest miners.
3490  Economy / Marketplace / Re: Show your firstbits - get 2 bitcents on: August 23, 2011, 05:16:11 PM
I likes it ....
and the ability to seach from the URL ...
Excellent.

how about making it case sensitive ? [option] or not having to have the 1 at the beginning ?

We decided to strip case sensitivity because it is much easier to say your firstbits if you don't have to say "one, capital t, lowercase r, seven, capital f, capital z" but only, "one, t, seven, f, z".

We keep the "1" for the same reason complete addresses have the "1". It lets you know what the string is. Also if people started using firstbits for namecoin or some other chain it could get confusing.
3491  Bitcoin / Bitcoin Discussion / Re: [CONFIRMED] Australian Bitcoin Conference/Expo on: August 23, 2011, 05:08:21 PM
do get publicity!!!!

50% of the time dedicated to preparing for the conference should entail gathering media attention.  I mean like 100-200 hours of pure commitment to this and this alone.

It seems to me that time would be better spent making it newsworthy than pestering reporters for attention. Get something interesting going on, get a list of people to notify, notify them.
3492  Bitcoin / Bitcoin Discussion / Re: Techreview : Bitcoins are not a currency with horders on: August 23, 2011, 05:03:35 PM
Lol, yeah, things that no one wants to keep are super valuable.
3493  Economy / Marketplace / Re: Show your firstbits - get 2 bitcents on: August 23, 2011, 05:05:09 AM
Just FYI, FreeMoney is in the middle of a move, and doesn't have regular internet access, so it may be several days (possibly longer) before he is able to send any bitcents your way.

OK, thanks for the update  Smiley

It's true, but I got it done anyway. Cents sent.

I'd love to hear about anyone using firstbits in the 'real' world.
Besides using it to send coins from computer to computer?  Tongue

Lol, I just mean that online it's easy enough to copy paste a full address. IRL you lose that ability, but firstbits comes to the rescue.
3494  Economy / Marketplace / Re: Show your firstbits - get 2 bitcents on: August 22, 2011, 08:37:53 PM
Just FYI, FreeMoney is in the middle of a move, and doesn't have regular internet access, so it may be several days (possibly longer) before he is able to send any bitcents your way.

OK, thanks for the update  Smiley

It's true, but I got it done anyway. Cents sent.

I'd love to hear about anyone using firstbits in the 'real' world.
3495  Economy / Speculation / Re: 8/22/11 Speculation Thread on: August 22, 2011, 05:41:17 PM
Plan:

Get $110,000
Send to MtGox
Place huge buy order
Pray it doesn't get bought
Huh
Profit?
3496  Economy / Speculation / Re: Bitcoin value about to drop to...nothing.. on: August 22, 2011, 04:43:20 PM
Yes! This is great news. I'll finally be able to get them all.

So you expect that people will bring them to the exchange of my preference and sell them to me for exactly $0.00? Or should I budget a few bucks to get my millions? Please inform.
3497  Other / Meta / Re: Get Donator status by donating 10 BTC on: August 21, 2011, 03:16:30 AM
Donator or vip member got more stars too? (coins below the nick)

They always have five coins, regardless of their post counts. No one will ever have more than five stars, as it looks odd.

I was thinking of using some other star image for donators/VIPs, but I couldn't think of anything that fits with the concept as well as coins. I could change the color to "platinum", but that might seem like a demotion from gold to silver. (And I don't want to change the images for normal users.)

Add the Bitcoin "B"? Dunno how that would look. Are colored names, for moderators and donors, a possibility? Not just in the "who's online", but on the side too?
3498  Economy / Goods / Re: Selling Humble Bundle 2+1! 0.7 BTC on: August 20, 2011, 09:20:13 PM
Easy to run in Ubuntu? If so mark me down.

Oh, I have graphics issues. Eff it, too cheap to pass. PM coming.
3499  Economy / Goods / Re: Wicked Lasers Spyder III Arctic 1W Laser G2 on: August 20, 2011, 09:14:38 PM
I'll give you a coin if you take a video of lighting some things on fire from >10 feet away. It does that, right?

Eight months for you to get it?!?! was it carried by a team of ants?

Why did you want it and now don't?
3500  Other / Meta / Re: Get Donator status by donating 10 BTC on: August 20, 2011, 06:11:24 PM
So 10 gets green now?
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