lolz

I think you'll find the original source of this particular article is Pater Tenenbrarum http://www.acting-man.com/?p=21550 on his rather lightly read Acting-Man blog.

He posts and reads on another out of the way place where I've been whispering "bitcoins" in their ears for a couple of years .... 

Acting-Man always has up-to-date and insightful commentary on state of markets generally. Of course seekingalpha is well known and more "mainstream" in a relative sense.

Interesting. I like the  "Lazlo's" name 

Where's the incentive for pizza shop owners to conform to the standards and contribute back to the OS plans?

I didn't say anything like that ... I'm giving you a comparison with similar size of govt. owned installed equipment to show how far out of whack your pathetic cost estimates are ....

First they would need to Phase I; spend millions just researching the problem. Then there is the phase II; protoype pilot operation to prove operations, scaling, etc and finally Phase III; the full rig. Each phase is put out to competitive bid and scrutinised by legion of bureaucrats who's only job is scrutinising so they make sure it stays on their desks for an appropriate length of time .... it would take at least 3-5 years for the project you are talking about.

No govt. department is going to risk $100 million (and a possible cost blow-out to much higher numbers, billions?) on a possibly failed attempt to ruin a global community-based network phenomena.

As I said you don't know much about govt. projects do you? You must be smoking drugs or something?

Is Gabi short for gabby, as in "run your mouth off"?

You don't know much about big govt. super-computing projects do you?

For reference, the bigger HPC projects out there (10 petaflop);

~ e.g. http://en.wikipedia.org/wiki/Titan_%28supercomputer%29
~ $100 million (this is installed cost only and doesn't include staffing, power, maintenance, operations)

Gonna test this out.

... here's the flaw (again) in your argument.

Describe technically how an "agency" would go about amassing the hashing power you are dreaming of, use real numbers and technical estimates of the equipment/labour/energy involved.

To be realistic use something like the peak power we saw on halving day when a large portion of latent hashing power was on display ... e.g. 32 THash/sec.

The answer to your question is much more gritty and mundane than you think.

... elaborate on this step, technical details if you would, and I'm sure you will get the feedback you need on how well you "understand" the 51% attack.

NB: post it also in the "Mining" sub-forum to see what the experts think instead of merely just spooking the noobs in here.

.... he never really "had" it ... like all those people with bitcoins in Mt. Gox, they only have an entry in a spreadsheet ... Mt. Gox holds the priv. keys itself.

"You can;t sell what you don't own", is made real by bitcoin, but so few chose to really use it.

So does this mean someone could have a premium account on MEGA totally anonymously? ... connect through tor, pay with bitcoins, upload encrypted "censored" material ... make mega internet credits, etc?

Best response to a dullard reporter asking if bitcoin is being used for "money-laundering" ...

.... hmmmm, ahhh, meh.

Zero-hedge, bitcoins ... of course there will be trolls. Not even a very convincing one to be honest.


I mean even the most rabid statists don't speak like this ... it is dripping with heavy irony, or is it mocking cynicism?

An anthropologist involved in pure guesswork and speculation ... well what a surprise.

Conveniently for him, without having a time machine to go back to observe exactly how people were using objects for trade in un-recorded history no-one will ever know if he is right or wrong.

I see, you think Atlas was/is a bot ... now that would explain quite a bit.

I just get such a kick out of this thread title and OP every time it re-surfaces, such moxy, it's great ... dreams are free and BSing at the top of a rally is hilarious.

Edit: an uncle mantis appearance would be the definite sell signal here, that guy might be doomed to be the contrary indicator extraordinaire of the bitcoin world.

Definitely plenty of space for solutions to appear in this regard, and opportunity for clever minds that can come up with generalised solutions ... particularly solutions encoded into s/ware that can be installed and configured with ease.

Watch this space is all I can suggest. Having something like a true digital cash will bring many new opportunities, and lessons.

Innovate, evaluate, iterate.

FUD-spreading view-troll coward.

I feel slimy just by clicking on that link, euchh.

Upgrade complete.

This is basically correct and since names expire after 36,000 blocks then you will have to scan at most 36,000 blocks deep to find any name, obviously less on average.

Of course, you could always also hold a local copy of the namecoin db scan that you can trust to look-up and update on a cron or something too.

You're making a mountain out of a molehill (not the first time either). There are at least three I can think of off the top of my head who could lead the devs quite happily ... and if it really comes down to it I imagine Satoshi would reappear, the same, though changed.

namecoin