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1441  Bitcoin / Project Development / Re: White paper on passwordless secure login (based on bitcoin/bitmessage technology on: November 02, 2013, 11:14:21 AM
https://nameid.org/

http://dot-bit.org/forum/viewtopic.php?f=2&t=1013

1442  Bitcoin / Bitcoin Discussion / Re: Let There Be Dark! Bitcoin Dark Wallet on: November 02, 2013, 11:10:36 AM
Care to share some links to back this up, for us newbies, please?

I think it may stem from this: http://www.theverge.com/2012/8/10/3233711/second-bitcoin-lawsuit-is-filed-in-california

TL;DR: genjix was involved in Bitcoinica, a former exchange that shut down and lost a bunch of customer's money. Some people think that the circumstances around the money being lost were suspicious.

Last I heard M. Karpeles of Gox fame is sitting on the stash from Bitcoinica (30, 000btc?) whilst some lawyers from New Zealand(?) were pursuing him for the dough ... on behalf of the injured parties.

Anyway, about this Dark (grey) wallet, is it all donations? Or are there shares for sale as well? GPL license?

And widespread use of CoinJoin theoretically reduces size of UTXO right? So a good thing for the network decentralisation ...
1443  Bitcoin / Press / Re: World’s first Bitcoin ATM sees 81 exchanges, $10,000 in transactions on: November 02, 2013, 10:00:10 AM
One of the comments in the forbes article brought up a very good point.  Put these ATMs in or near international airports for quick and easy transfer to national currency.

If there was global network of these then you wouldn't need Western Union ... Mom puts her bucks into the machine in Nebraska and little Jimmy pulls out Euros in Rome ... etc. Remittances, everything becomes possible and it wouldn't have to be tht big of a network, just dispersed, say like one in each major city in the world to begin with ...

I'm really interested to know what Bitcoiniacs policy is going to be on the protection and privacy surrounding the biometric data, palm scan and photograph (face recognition?) correlated with all transactions.
1444  Bitcoin / Project Development / Re: [PREORDER] Trezor: Bitcoin hardware wallet on: October 30, 2013, 11:19:07 AM
If you set it to a more compatible mode and accept both, the malware could simply strip the payment protocol and pretend the merchant doesn't support it and request that you pay using the plain old Bitcoin protocol.

Hey, that's an interesting question, not really related to Trezor but to the payment protocol itself.

If you request a https page and receive a http one, your browser can clearly detect something's not right.

But how does that work with PaymentRequests? AFAIK they're pushed by the payee, not requested by the payer, right? What if a malware sees that an authenticated payment request is passing buy, and simply replace it by an non-authenticated one? If you know the merchant is supposed to send you an authenticated payment request, you'll realize there's something wrong. But can we really expect people to understand this?

... don't dig too far down with this kind thinking, it's turtles all the way and then there is .... yes CA's
1445  Bitcoin / Development & Technical Discussion / Re: CoinSwap: Transaction graph disjoint trustless trading. on: October 30, 2013, 11:13:19 AM
Followed thread from CoinJoin ... looks like a promising avenue.
1446  Bitcoin / Bitcoin Discussion / Re: Bitcoin the enabler - Truly Autonomous Software Agents roaming the net on: October 30, 2013, 06:12:34 AM
I could see this being a fiction book.

We're already living in a fiction ... some of that shit happening on Wall St ... well, you just couldn't make it up!
1447  Economy / Economics / Re: Theoretically, say a whole ton of people wanted to use Bitcoin on: October 30, 2013, 05:39:01 AM
... au contraire, it is they who are trapped Smiley

- they can't raise interest rates or their whole rotten system falls apart. At present, interest rates are practically zero (for money center banks) AND they are printing $85 billion per month just to keep them propped up. It is in a terminal phase of exponential monetary blow-off, even minor competition like bitcoin is a threat, gold unfortunately has been severely manipulated and thrashed into uselessness as an alternate store of value by way of illegal derivatives dealings and other schemes by the same actors and vested interests.

This is movie that has been replayed many times before and what Volker did in 1980 to restore the dollar will not work again. In 1980 the Federal Reserve Dollar system had only been officially defaulting on their gold obligations for ~10 years, now it is over 40 and the rot has gone far and wide throughout the monetary system, and indeed the whole academic infrastructure that has built up around the tissue of economic lies that support the fiat currency fraud.

Nation states should never have shouldered the burden of reserve currency with a fiat unit tied to their economic outputs, it will be looked back upon with curiosity, disdain and probably eventually horror. Gold and silver were assets that formed independent units from the State economies that could have worked and maybe still will as components of currencies comprised of baskets of commodities. But the experiment with floating fiat units tied to taxation and national economic outputs has been a complete disaster for financial stability and a terrible burden on the lower classes.

Raise interest rates, raise taxes, whatever they want to try, they are screwed. It needs to be discarded into the bin of history for a more equitable system of efforts and rewards and the sooner and smoother we do that the better.
1448  Bitcoin / Press / Re: 10-25-2013 YCombinator: Silicon Valley's Ultimate Exit on: October 29, 2013, 10:49:50 PM
Also, I noticed that Norfolk Island is now becoming ripe for a new colonising of "Exiters" ... they are suffering an exodus due to a tourism downturn, now population less than 2,000, even with zero income taxes.

Quote
Norfolk Island is the only non-mainland Australian territory to have achieved self-governance. The Norfolk Island Act 1979, passed by the Parliament of Australia in 1979, is the Act under which the island is governed. .... A Legislative Assembly is elected by popular vote for a term of not more than three years, although legislation passed by the Australian Parliament can extend its laws to the territory at will, including the power to override any laws made by the Norfolk Island Legislative Assembly.

So a majority of Exiters (approx. 1,000) could basically take over the place ... to the extent that they don't piss off Australia in the extreme. There's also a long running streak of hard core independence seekers amongst the locals ...

Quote
The exact constitutional status of Norfolk Island is controversial. Despite the island's status as a self-governing territory of Australia[8] administered by the Attorney-General's Department,[38] some islanders claim that it was actually granted independence at the time Queen Victoria granted permission to Pitcairn Islanders to re-settle on the island

http://en.wikipedia.org/wiki/Norfolk_Island

... here's the  kicker, it sounds like a new subsea fibre is soon going to be touching down there

http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=11127203&ref=rss
1449  Bitcoin / Press / Re: 10-25-2013 YCombinator: Silicon Valley's Ultimate Exit on: October 29, 2013, 10:34:45 PM
Wow! The Force is strong in this One.

Speak softly and carry a big stick.  Wink

Great talk.
1450  Bitcoin / Armory / Re: Armory - Discussion Thread on: October 28, 2013, 11:02:55 PM
There are random streams out there that come from analog physical processes, like atmospheric noise, quantum noise etc ... (but then of course you are trusting the stream providers).

http://www.random.org/bytes/

http://150.203.48.55/index.php

https://qrng.anu.edu.au/RainHex.php

HexRain as a number stream from vacuum fluctuations ...
1451  Bitcoin / Press / Re: 2013-10-25 CBC: World's first Bitcoin ATM goes live in Vancouver next week on: October 28, 2013, 09:29:35 PM
I want to see some more of those stupid bankster apes pounding sand, hard, around a Bitcoin ATM obelisk Smiley

http://www.youtube.com/watch?v=9woRJ7-mD7Y

Someone like to do a bit of video editing and substitute in the Bitcoin ATM for the obelisk in this clip? ... would make a great spoof-ad for them too Wink

Edit: it would be good to know what happens to the palm scan database ... if it is to limit tx to $3000 per 24hr then supposedly they can purge it daily?

1452  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 26, 2013, 09:40:24 PM
Quote
Ownership implies governmental permission.
WTF? ... are people really this indoctrinated with the facist state these days?
1453  Economy / Economics / Re: Technological unemployment is (almost) here on: October 26, 2013, 09:38:34 PM
Unemployment is a massive misallocation of resource and its a symptom, not a problem.

The basic argument seems to boil down to "the machines took all the jobs, we don't need workers anymore".

This is a fallacy, it is like arguing that the guy who invented spades took away jobs from the peons scratching the dirt with their bare hands.

The problem is not lack of jobs but lack of vision, imagination, social organisation and liberty to take on projects of scale that can truly enhance the existence of all of humanity.

Your average Westerner lives in a comparatively royal existence when compared with a citizen of Roman times. Imagine if everyone could live like today's royalty? What resources would it require? How much labour would be needed to achieve this, include for the leverage that advanced technology allows? Could we set up colonies on the Moon, on the ocean floor, orbiting Nirvanas? Could we provide cheap plentiful energy, nutrition, mobility to every person on the planet?
I agree with you that humans' demands growth will always create some jobs, but unfortunately free market capitalism is unable to solve technological unemployment problem without government intervention - too big wealth concentration on capital and not labor will simply destroy the economy. You should look at "net jobs" effect from automation (jobs created in new areas MINUS jobs lost), after some point it will no matter be negative, even if our society are full of creative people (of course if no regulatory measurements taken, e.g. working day reduced). You can still hope that problem will be solved itself, but this is really hard to believe now!

You are already lost because your mental framework is through the broken "only govt. can solve the big problems" prism.

We do not have free market capitalism, big failures get bailed out. The wealth concentration problem is mostly due to misallocation of resources in weak, useless, 'bad' hands caused by the monopoly currency issuance, (financial cartel). We need more Elon Musks, not Jamie Dimons and Bernankes is the basic problem ... Elon Musks create jobs, Jamie Dimons and Bernankes destroy them. It really is as simple as that ... lack of vision, imagination, social organisation and liberty
1454  Economy / Economics / Re: Technological unemployment is (almost) here on: October 26, 2013, 08:53:00 PM
Unemployment is a massive misallocation of resource and its a symptom, not a problem.

The basic argument seems to boil down to "the machines took all the jobs, we don't need workers anymore".

This is a fallacy, it is like arguing that the guy who invented spades took away jobs from the peons scratching the dirt with their bare hands.

The problem is not lack of jobs but lack of vision, imagination, social organisation and liberty to take on projects of scale that can truly enhance the existence of all of humanity.

Your average Westerner lives in a comparatively royal existence when compared with a citizen of Roman times. Imagine if everyone could live like today's royalty? What resources would it require? How much labour would be needed to achieve this, include for the leverage that advanced technology allows? Could we set up colonies on the Moon, on the ocean floor, orbiting Nirvanas? Could we provide cheap plentiful energy, nutrition, mobility to every person on the planet?

If technology is providing us with an excess of leverage then we need to find bigger rocks that need moving.

Socialism is a mechanism to shackle minds ... but it doesn't give everyone an excuse to sit on their asses whining about the machines stealing their jobs, that's just another symptom of the disease.
1455  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 26, 2013, 08:15:16 PM
Bear in mind that in a better freer future with less financial facism or simply some locales, a system of provably gold-backed cryptocurrency, if it was ever allowed to flourish under rule of law, would probably give bitcoin a stiff run for its money, pun intended, dyodd, diversify, imho.

How would that even work? How to prove there's gold backing it? I don't see how to do this, at least not without "3rd party risk".


Yes, it would most likely be some kind of legal proof, which is quite adequate for most people, ask DPR.

Unless there was some kind of crypto-secured automation system at a storage facility that could bail in/out PM, audit, etc ... like an unhackable skynet for gold.
1456  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 26, 2013, 08:07:23 PM
Bear in mind that in a better freer future with less financial facism or simply some locales, a system of provably gold-backed cryptocurrency, if it was ever allowed to flourish under rule of law, would probably give bitcoin a stiff run for its money, pun intended, dyodd, diversify, imho.
Why?

A gold backed cryptocurrency would need to do everything Bitcoin does in order to be an effective medium of exchange, and it would also have the added expense of gathering, storing, transporting, securing, and auditing blocks of yellow metal.

What benefit does the yellow metal provide that makes it worth all the added expense and effort?

The great masses of people do not understand how a pure crypto-currency is valuable, maybe never will. They do understand gold, it is much less of a jump to understand gold-backed numbers on their screens. The added expense is a cost but so is bitcoin mining, cold storage, etc the total cost comparison of either system, when optimised, would be nearly impossible to do without having them compete in a free market together. Trust-based systems can be very efficient, think Hawala Wink

Bitcoin value may mostly be symptom of a particularly oppressive time (like cigarette money), an outbreak of freedom and enlightement in financial dealings is a risk that shouldn't be discounted, however slim it seems right now.
1457  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 26, 2013, 07:46:34 PM
There are ~ 3 billion females in the world ... if you offered cheap solid gold jewellery weighing 1.5 oz per female the total stock of gold disappears ... add in macho chains, rings, electronics and myriad of other uses

... gold is not going to be going cheap anytime soon and there are many other price points between cost of mining (which it is near now) and 'cheap' that engineering uses for such an exotic metal when substitution demand kicks in.

Bear in mind that in a better freer future with less financial facism or simply some locales, a system of provably gold-backed cryptocurrency, if it was ever allowed to flourish under rule of law, would probably give bitcoin a stiff run for its money, pun intended, dyodd, diversify, imho.
1458  Bitcoin / Press / Re: 2013-10-26 forbes.com - fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulb on: October 26, 2013, 07:32:44 PM
interesting, did not realize that.

so  how would they auction these?  just put up the entire lot of 177,000 btc or 250k, whatever it is?  

It is up to the DOJ.   The sad thing is they have a LOT of experience is selling forfeited assets.  Billions of dollars a year in assets, cars, planes, mansions, fine art, luxury goods, speed boats, you name it they have sold it in the past. So they pretty much have it down to a science.  They will sell it off however they feel will bring in the top dollar. For someone with a lot of money this will be a great way to get some coins without dealing with liquidity issues, or exchange risk, or bank delays.   Win auction, wire the US treasury some funds, get your sizable position of coins.

Regardless this will be a really great headline.  The DOJ doesn't seek forfeiture of things without value.  The news stories of the DOJ auctioning off lots of Bitcoins worth millions will be a big deal.

Could even be that these particular coins will attract a small numismatic premium ... belonged to DPR, officially sent the US Treasury back their crap, devaluing fiat paper in exchange for bitcoin ... who wouldn't want them?
1459  Bitcoin / Press / Re: 2013-10-24 Financial Times -Bitcoin endorsed by top hedge fund manager on: October 26, 2013, 05:59:14 AM
Novogratz is not the only one. There were several folks from Fortress at the NYC MediaBistro conference.  Professionally and personally, they are clearly paying a lot of attention to this space.


And they have money and know people that do.  Grin

Correction, they have fiat FRN's and other proxies for money, but not bitcoin yet apparently.
1460  Bitcoin / Alternative clients / Re: libbitcoin on: October 25, 2013, 09:47:29 PM
Shocked Satoshi would think that since he's often showed a lot of foresight.

And I was shut out of development and prevented from doing work in the early days. So I went my own way because I see Bitcoin development differently to the current Bitcoin establishment.



----------

Good news everyone! The Python front is progressing nicely!

http://libbitcoin.dyne.org/labs.html

People creating cool stuff. My goal now is to get these projects all merged together into one pure Python package for wallet developers.

The Dude Abides.
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