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781  Economy / Economics / Re: Bitcoin isn’t the future of money — it’s either a Ponzi scheme on: June 11, 2015, 04:13:46 AM
Ctrl-s "counterfeit"  - -  no results.


OK, yet another article about hammers that doesn't mention nails. 
782  Bitcoin / Development & Technical Discussion / Re: Hash algorithm that cannot be implemented in ASIC ? on: June 11, 2015, 04:04:08 AM
Is there any hashing algorithm that could not be implemented in ASIC ?
Sure, take any hashing algorithm that requires more gates than fit on the largest imaginable chip;
e.g. scrypt using 16GB.

The downside is that verification of the Hashcash proof-of-work becomes way too slow to be of
any practical use. Non-Hashcash proofs-of-work don't face this limitation though.

What's a non-hashcash proof-of-work?  

One that's NOT of the form

deterministic_hash_function(block_header||some_nonce) < target_difficulty

Hashcash is symmetric in that a proof attempt necessarily takes the same effort as a proof verification. Other, asymmetric, PoW schemes allow proof attempts to take much more effort,
so they could be made ASIC resistant without making verification impractically slow.

Thanks.  Interesting, but i'm not convinced it is a necessity, nor that it would really be "asic proof"..     in fact I'm not convinced the idea of "asic proof" has much meaning.  "Optimized for x86 chips" perhaps has some meaning.. but still not much really?  

But wait..  isn't a proof attempt fundamentally the same thing as a verification?  Do you have an example of such an asymmetric scheme?   Maybe the birthday proof of work idea? 

783  Bitcoin / Bitcoin Discussion / Re: MasterCard makes the case that it’s safer and faster than Bitcoin! LOL on: June 11, 2015, 03:50:21 AM
Is Mastercard also safer and faster than USD?  

784  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: June 11, 2015, 01:09:21 AM
LOL

And this forum allows btches likes these to make childish comebacks Grin

If you even know you got called out for being a word game pssy, grow some back bone before barking again boy

Sorry, no doge on me.

If you care to defend your claim of treason, levelled against someone many believe have helped the USA, I will listen. 
Otherwise, lets get back to work. 



Typical pussy this one LOL

If you can't even tell what's what, than don't bother arguing. Facts are staring at you in the face, so better learn the ropes before barking out of turn again Cheesy

My rebuttal to this one is totally unstoppable, witty, and pure awesome.   It's so good I'm gonna ask you to figure it out yourself; I don't have time to tell you here. 
785  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: June 10, 2015, 11:39:19 PM
LOL

And this forum allows btches likes these to make childish comebacks Grin

If you even know you got called out for being a word game pssy, grow some back bone before barking again boy

Sorry, no doge on me.

If you care to defend your claim of treason, levelled against someone many believe have helped the USA, I will listen. 
Otherwise, lets get back to work. 

786  Alternate cryptocurrencies / Altcoin Discussion / Re: StartCoin to become largest altcoin within 24 months (Karl Gray - Mega whale) on: June 10, 2015, 11:04:12 PM
StartCoin is an X11 PoW, 60 sec. block, every 12 month halving coin, secured with secp256k1. 

That's it, end of story.

Why do you think these shills push you to use this over bitcoin for their chumpatron crowdfunding? 
 

 

 
787  Bitcoin / Bitcoin Discussion / Re: Do you agree to raise the block size limit to 20 megabytes or not? on: June 10, 2015, 10:55:35 PM

Hashrate can not really be "wasted", since the entire thing is actually one gigantic waste of electricity anyway.


You mean, all of bitcoin is a gigantic total waste of time?

Like, because we're going to die anyway or something? 

I don't follow. 

 

788  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: June 10, 2015, 10:41:03 PM

If I say you commited treason, does that make it so?  

If I tell you you have a headlight out, do you claim I have conspired against your vehicle?  
  
I would address your argument, but as you can tell I have to guess what it is.. because you have made none.  


By your infantile 'logic', I can call you a hemaphrodite and it will be so regardless of your actual traits.

Playing word games, very childish. Manning is a traitor and a liar because he amusingly thought he could flippantly throw away the promise made to serve the country - in this case he was serving no one but himself. Breaker of vows, liar, and a cowardly pssy - and not even a man at that.

Some hero you fcks pick out to be your role model Grin

Odd, actually my infantile logic claimed exactly the opposite of that. 

Anyway,  here we finally have the beginning of an accusation:  "he flippantly thew away the promise made to serve the country". 

Continue please.  What specific act went against what specific promise? 
   

Remember the recommendation is capital punishment.  One would hope you would take that seriously enough to actually mention something real, rather than just "I hate vagina, kill this guy". 

I really don't care that you and he are homosexual, actually I was curious if there was anything real behind the accusation.  Guess not, what a surprise. 

"Angry trolls demand execution because reasons, news at 11"



 








789  Bitcoin / Development & Technical Discussion / Re: Will the Stealth BIP (Bitcoin Improvement Proposal) ever be done? on: June 10, 2015, 09:36:46 PM
Correct me if im wrong,but doesn't giving a master public key have the same result? For example, in Electrum, you give someone your master public key so they can pay you, creating a brand new, 1-time only address

The difference is: with a master public key, the sender can use it to figure out who else paid money to that address, past and future. With stealth addresses, the sender knows only the address they sent to (or maybe not even that... but you could work it out in any case by looking at which block it was confirmed into and how much the transaction was for)

How could the sender figure out who else paid money on that master public key if you created it only for him? The idea would be creating a different mpubkey for each individual.
Of course stealth addresses sound really cool and I hope it gets implemented. Right now the anonymity features of BTC are pretty poor and Gmaxwell seems to agree on this too.

Stealth addresses are usable now.  So are mixers.  What is your problem exactly? 
790  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: June 10, 2015, 09:35:16 PM
Yeah but you're BCX. You get off on controversy and fucking with people even especially if your completely wrong and you know it because it makes the fight more tasty. lol

Are you calling me a troll LOL



@newsflash

If he weren't a member of the US Military and just a reporter I wouldn't have an issue with it.

But he wasn't, he had sworn allegiance to the USA and committed treason.


~BCX~



If I say you commited treason, does that make it so?  

If I tell you you have a headlight out, do you claim I have conspired against your vehicle?  
  
I would address your argument, but as you can tell I have to guess what it is.. because you have made none.  
791  Bitcoin / Bitcoin Discussion / Re: Is bitcoin paper wallet safe to dump bitcoins ? on: June 10, 2015, 09:20:40 PM
First install some good antivirus on your computer and scan it well. 


I lolled again!  If you are installing "some good antivirus" you have been fooled.  End of story. 

One does not clean a shirt by getting some dirt from anonymous parties and rubbing it in real well.

792  Bitcoin / Bitcoin Discussion / Re: What Are The Financial Elite Saying About Bitcoin? on: June 10, 2015, 03:48:56 PM
Credit cards will die with the baby boomers.

Why do people continue to imply credit cards are somehow a competitor to bitcoin ?  They work just as well with any currency.  
Credit cards don't provide a unit of account.  Bitcoin is a unit of account.        
793  Bitcoin / Development & Technical Discussion / Re: Will the Stealth BIP (Bitcoin Improvement Proposal) ever be done? on: June 10, 2015, 03:44:49 PM
Don't several wallets implement stealth addresses already? 
Why do you want this github BIP?  Just go do what you need to already. 

There are some wallets that incorporate stealth address concept to different degrees, the problem comes when there isn't support throughout the whole system, and it's not just a matter in core, but the absence of a BIP also affects other wallet developers such as the Electrum folk as originally mentioned in one of the links in my post which kicked off this thread. 

What needs to be done, if I'm hearing this correctly from Peter Todd's perspective, is get him some financial (bitcoin) support for stealth BIP (63) in order for something to be done on it.

Just waiting for a bitcoin address to be published from him specific for that here.

Good point, some documentation can't hurt.

You could offer a reward for a nicely written RFC. 
794  Bitcoin / Bitcoin Discussion / Re: Is bitcoin paper wallet safe to dump bitcoins ? on: June 10, 2015, 03:41:40 PM
If BTC jumps up to +$100k.. how safe would you feel about your BTC? 




That depends how much $100k is worth, doesn't it.
795  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Woodcoin [LOG] Pure Skein, Logarithmic Release, X9_62_prime256v1 on: June 10, 2015, 02:51:35 PM


 Wink

Bitillionaire, this is Houston, come in.  Sending +1, acknowledge please Smiley 
796  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] 42 | + super rare | + only 42 coins to be mined | + Update b4 Block 55,000 on: June 10, 2015, 02:43:19 PM
my wallet stuck at block 897889 how to fix that problem?

Maybe for you, there will never be more than 42 coins Smiley 
797  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: June 10, 2015, 02:41:02 PM


He probably wants a website operator like Ross Ulbricht to get imprisioned for life and Edward Snowden to get the death penalty for treason. Boy, somebody drank the kool-aid. It's idiots like that that make me glad Murrica is a sinking ship. I'll drown but at least I know he'll go with me.

I miss the newbie jail.


Well you can't hardly count me as a newbie and I agree with him 100%.

You need to add in Bradley Manning into the mix of people that need to be shot dead.





~BCX~



Not so afraid of trolls this morning so I'll bite Smiley  Why do you think this cat needs capital punishment? 
798  Bitcoin / Bitcoin Discussion / Re: Is bitcoin paper wallet safe to dump bitcoins ? on: June 10, 2015, 02:35:09 PM
From what I understand, as long as the wallet remains off-line it will be safe. But if it comes into contact with slightest of network, then it has every possibility of being hacked.

Suggest me the legit paper wallet generator. I will generate my paper wallet from that site.

I use bitaddress.org.

In all of these considerations one needs to consider the "cost of attack".  Unless you are putting thousands upon thousands of coins away, it is unlikely you will be the target of van eck phreaking and state of the art magnetic forensics anytime soon. 

Also note that it is possible and recommended (for large amounts) for spending from cold storage to sign your transactions offline, then move the signed transaction to the online computer for broadcasting to the network. 


799  Bitcoin / Bitcoin Discussion / Re: Is bitcoin paper wallet safe to dump bitcoins ? on: June 09, 2015, 04:06:25 PM
Not sure what crappy advice you're getting here bro but please visit the following website -
https://www.bitaddress.org
Disconnect from the internet when the page is loaded up, wiggle your mouse around randomly, type a few random characters into the text box, you should then generate a bitcoin paper wallet, you will have a public & private key.
Can you see BIP38 Encryption?
Type a passphrase in, remember this, you will need it to get your coins back onto an online/hardware wallet if/when you decide to in the future.
Print a couple of copies, you now have a bitcoin paper wallet & can send your coins to the public address safely.



I find this suggestion useful to create paper wallet
 My computer is 100 % protected and clean bcoz of my antivirus.

I lolled Smiley  

"My wallet is safe because I gave it to some guy I met on the street, and he said it looked good he would hold onto it for me".
800  Bitcoin / Development & Technical Discussion / Re: What are the best criticisms of blockchain technology? on: June 09, 2015, 05:21:44 AM

Well this is hardly a criticism of blockchain tech, wouldn't you agree?  Consider this criticism of headwear tech:

A helmet is only useful for protecting the head.  It is un-useful for things besides head protection.  



The criticism is a species of the "Bitcoin-wastes-electricity" criticism.

Good point.  I would say that particular argument is indeed just as much complete and total nonsense as the earlier one. 

Streetlights waste electricity.  Chargers plugged in when not in use waste electricity.  Air conditioned casinos with doors and windows wide open waste electricity. 
Bitcoin in no way whatsoever wastes electricity. 

Sure, wannabe miners using CPUs to mine BTC waste electricity.  So do wannabe miners overdoing their fan use, or using hairdryers to make tea.
Bitcoin however rewards efficient miners only.

It's too bad there is not such a mechanism to also make streetlights, chargers, and air conditioning so damn efficient.   


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