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1021  Bitcoin / Development & Technical Discussion / Re: Coding guidelines on: March 02, 2011, 11:03:56 AM
Firstly, what is the justification for using esoteric elliptic curve cryptography
Elliptic curve cryptography takes less than one-tenth the space in the block chain, because the keys are so much shorter for the same degree of security.
1022  Bitcoin / Development & Technical Discussion / Re: CreateTransaction: suggest/enforce fee for big low-priority transactions on: March 02, 2011, 10:49:09 AM
...it encourages sending larger amounts per tx, which implies less block chain size for the same volume of currency flow.

If sending a 10 BTC transaction has higher utility to me than sending a 10000 BTC transaction, why should the system care?

The only rational basis for fees is for the fee to reflect cost of processing (e.g. size in block chain, or number of inputs).
1023  Bitcoin / Development & Technical Discussion / Re: CreateTransaction: suggest/enforce fee for big low-priority transactions on: March 02, 2011, 10:46:23 AM
How did all of those 0.0001 fees get into the transactions?
The Bitcoin faucet started paying this fee, to avoid the transactions being stuck. This has unclogged the blockage for other transactions too, by freeing up "free transaction" space.
1024  Economy / Economics / Re: Governments will want their TAX ??? The solution is obvious but scary. on: March 02, 2011, 10:39:24 AM
Not that I like war, I do not.  Let's take an example: If Country A is anti-war, and Country B wants A's stuff and resources they will take it when the chips hit the road. (A) won't do anything to stop the take over of by (B).  But if (A) defends itself then it is not anti-war.

If Country A doesn't have a government, it's damned near impossible for Country B to take it over by force. Wars generally work by one government taking over the institutions of another government (military, police, administration etc).

If country A doesn't have a government, what is country B going to do? Separately take over every individual home, farm and business? Country B will go for easier targets instead.

Now let's suppose that I'm wrong, and Country B does try to take over Country A. Naturally the citizens of Country A are going to forcefully resist. If Country A defends itself, this does not conflict with it being anti-war. Self-defence is totally different from the initiation of war, because self-defence aims to neutralise the war, not start it.

Whenever a country is genuinely threatened, there has never been a shortage of highly-motivated volunteers to defend it, and they are likely to overcome the less-motivated force of the attacker.

In addition to all of the death due to war, governments have killed more people outside of war than in the battlefields of war, at least during the 20th century.
1025  Economy / Economics / Re: The real problem behind inflation on: March 02, 2011, 10:19:26 AM
If I'm keeping the currency to myself then I'm doing the exact opposite of providing liquidity.
If you're keeping the currency, you must have the intention to use it eventually.

In the meantime, there is some amount of economic activity around Bitcoin. If you are keeping some coins, it doesn't affect the level of economic activity of others, but it does raise the value of those coins that are economically active, this increasing the size of the Bitcoin economy that can be supported when you and the other savers do eventually start spending.
1026  Bitcoin / Bitcoin Discussion / Re: Block 111111 on: March 01, 2011, 10:33:23 PM
Block 111111 was generated at 11 am, Pacific time.  Grin

In the year 2011. Tongue

And the nonce was beginning with 111
And every key within that block begins with 1  :-)
1027  Economy / Economics / Re: Governments will want their TAX ??? The solution is obvious but scary. on: March 01, 2011, 10:18:45 PM
Do you live a miserable life of semi-poverty?
No I don't.

I was discussing welfare recipients, the dependent classes whose housing, education and sometimes food are provided by the state. They are the ones who live a miserable life of semi-poverty.

I am less wealthy than some welfare beneficiaries, but infinitely better off.
1028  Bitcoin / Project Development / Re: Go to Wall St in Front of N.Y. Stock Exchange With Sandwich Billboard - 100BTC on: March 01, 2011, 09:43:08 PM
15 BTC sent. I could see how bitterly cold it was, and I hope this covers the cost of the gloves he had to buy after 45 minutes.
1029  Economy / Economics / Re: Governments will want their TAX ??? The solution is obvious but scary. on: March 01, 2011, 09:35:16 PM
Dude, something tells me you don't live in europe - you are deluded
Yes I live in Europe.
1030  Economy / Economics / Re: Bitcoins Lost on: March 01, 2011, 09:26:39 PM
If I were a capitalist, I would then keep as much of the bitcoins for myself and give my employees as little as possible.
This problem solves itself in anarchism because barriers to becoming the capitalist employer are removed. Therefore the capitalist pig can't pay his workers too little or they set up in competition to him. Employee exploitation is only a problem in statist systems.
1031  Bitcoin / Development & Technical Discussion / Re: CreateTransaction: suggest/enforce fee for big low-priority transactions on: March 01, 2011, 09:23:44 PM
It needs to be simple for the user, yet effective for controlling spam.

How about a single setting in the standard client, that controls the fee per transaction input. The default can be something very low (0.0001 per transaction input).

That will also incentivize someone to write code to make the client's input coin selection more optimal, to the benefit of the network as a whole.
1032  Bitcoin / Mining / Re: 5870 just delivered, any tips? on: March 01, 2011, 05:58:55 PM
Install card. Install drivers. Go for it. There really isn't much else to do but that.
And get started quickly, because the hashing difficulty factor has been rising every 10 to 14 days.
1033  Economy / Marketplace / Re: Bitcoin Information Service on: March 01, 2011, 04:42:15 PM
I'm not quite sure how I can reconcile this with anonymous and pooled bounties
In the meantime, please reword the notification email, which currently says "If you like this answer, you may select it as the best".
1034  Bitcoin / Development & Technical Discussion / Re: CreateTransaction: suggest/enforce fee for big low-priority transactions on: March 01, 2011, 03:50:29 PM
It's not optimal if transactions are not being processed while there's space available in the blocks.

Why not experiment, in the next client, with a setting that allows the user to specify a very low default fee for all transactions (well below 0.01 BTC). Then see what happens.
1035  Economy / Marketplace / Re: Bitcoin Information Service on: March 01, 2011, 03:42:06 PM
There is then a quality check of their answer, and if it is deemed to be a good answer, the bounty is released to the expert automatically. If the answer is deemed unsatisfactory by our quality check process, it is released to be answered by another expert.

If I'm paying the bounty, I want to be the one to decide whether to award it.

If the answer had not met my needs, I would be angry and upset for BitQnA to pay out the bounty against my wishes.
1036  Economy / Economics / Re: A New Currency for the World by Joseph T. Salerno (mises.org) on: March 01, 2011, 03:30:52 PM
Considering when the lecture was recorded, it'd entirely possible that Satoshi had already heard this before releasing Bitcoin.
Satoshi might have heard this before releasing Bitcoin, but not before designing Bitcoin. Here's a post where Satoshi says "The design and coding started in 2007".

He repeated the comment in this post:

Quote
Since 2007.  At some point I became convinced there was a way to do this without any trust required at all and couldn't resist to keep thinking about it.  Much more of the work was designing than coding.
1037  Economy / Economics / Re: Governments will want their TAX ??? The solution is obvious but scary. on: March 01, 2011, 02:55:08 PM
...Nordic countries consistently rank high...
This is because the Nordic countries don't waste a huge amount of their wealth on overseas warfare.
1038  Economy / Economics / Re: Distribution of Wealth on: March 01, 2011, 02:34:48 PM
...Unless they inherited their money, which is the case for about 3/4 of the wealth in the US today.

We needn't fear inherited wealth, because within a generation or two the family inevitably procreates a playboy who blows all the family's wealth on hookers, coke, yachts, and fast cars.

What we do need to fear is a society that is structured to funnel the wealth of the poor into the pockets of the rich on an ongoing basis.
1039  Economy / Economics / Re: Governments will want their TAX ??? The solution is obvious but scary. on: March 01, 2011, 02:31:59 PM
In Europe the working class was able to grab the state by the throat after the war-years, and ... MAKE the state provide them with decent (decommodified) healthcare, housing and education and the right to eat.

...thereby dooming them to miserable lives of semi-poverty and blocking them from fulfilling their potential.

There are plenty of statistics showing that people who receive government benefits have lower job satisfaction, lower educational attainment, poorer health, shorter lifespan, are more likely to be in prison, etc. Some of these are quite good controlled studies (e.g. of families on opposite sides of the same street who happen to be in different towns and therefore qualify for different government "benefits").

However, time is short and I'm not going to dig out the references right now. I accept that this makes this post fairly unconvincing.
1040  Economy / Marketplace / Re: Bitcoin Information Service on: March 01, 2011, 02:03:14 PM
I got a good answer to my question. But when I went to the site to "award" my bitcoin bounty to that answer, the answer seemed to have already been selected as best answer (by someone else, or by some automatic process), and all mention of my 5 BTC bounty had disappeared from the question page.
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