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6501  Bitcoin / Bitcoin Discussion / Re: Bitcoinfoundation.org - Is it worth joining? on: January 22, 2013, 10:36:36 PM
Gavin: I think I may have asked this previously ... do you have a donation address?

(One for those of us who would just like to drop a few coins into your own pocket now and then, without signing up to anything.) Thnx.

Edit: you can PM it to me if you would like to keep it private.
6502  Bitcoin / Development & Technical Discussion / Re: RFC: Updating dust output definition, and default fees on: January 22, 2013, 08:59:57 PM
Good discussion, some good ideas and solution approachs being raised here to the unresolved hard-coded "fees" issue.
6503  Economy / Economics / Re: Concerned about the recent BTC price rise. on: January 22, 2013, 08:21:01 PM
You shouldn't be, it all seems pretty natural from where I'm sitting. Sure there will be a blow-off and retracement but this rally has been building for a long time .... and it is every bit as powerful as I was expecting.

The psychology of crowds is the driver ... the market sees $16 and $32 as important price points but has no real feel for anything in between at this stage. Once we cleared $16 (the August 2012 rally top) then there is no obvious point to stop going up ... until the previous rally top, $32. I don't think we'll get there but maybe. $20 is round number so probably have a pause there, maybe retrace, who knows.

Not bubbly yet, still plenty of money on the sidelines waiting to get in methinks Smiley When every one is in who is waiting to get in for now, the rally will stop.
6504  Bitcoin / Bitcoin Discussion / Re: Bitcoinfoundation.org - Is it worth joining? on: January 22, 2013, 02:17:18 AM

Maybe they do a T-shirt or bright yellow  Smiley badge for the members?

Didn't Woody Allen say "I wouldn't want to be in a club that would have me as a member"?
6505  Bitcoin / Press / Re: 2013-01-18 forexmagnates.com - Q4 2012 Forex Magnates Report now available on: January 22, 2013, 02:12:09 AM
Ron,

thnx for popping in here to follow up the press ...

Quote
At Forex Magnates we thankfully have an active readership which has brought up bitcoin payments and trading on multiple occasions, both publicly and privately.  So the reference was sort of an 'inside joke' to those readers.

... Interested to hear the community's thoughts

Not to speak for any others but I think the bitcoin community would also be interested and curious to know more what the "forex magnates" community think of bitcoin? Like really brutally truthfully think would be interesting.

Cheers.
6506  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin real money? [Article for newbies] on: January 21, 2013, 09:39:21 PM
This is an excellent article, monetary economics for the masses. Something that should be taught in grade school before "finance".

Few typos,
Quote
... and that the other party is forced to accept it.

Quote
as they need which in turn devalues the currency and causes inflation

Quote
but what about when it rots?

Quote
the same value if they weigh the same.
6507  Bitcoin / Project Development / Re: Bounty to Create Open-Transactions And MoneyChanger .deb on: January 21, 2013, 09:30:46 PM
There are already some .debs out there. Look in here https://rapidshare.com/users/opentxs/1998 and here https://launchpad.net/~open-transactions/+archive/testing

Also a small instruction on how to build .debs has been tucked into the docs. There is the 'small' issue with dependencies though ...

https://github.com/randy-waterhouse/opentxs/blob/master/docs/INSTALL-MEMO-Linux.txt

Code:
############ Build a .deb package locally from linux src tar ball #############
#
#

$ sudo apt-get debuild cdbs autotools-dev dh-autoreconf
$ git clone https://github.com/randy-waterhouse/opentxs.git
$ cd opentxs
$ autoreconf -vif -Wall
$ ./configure
$ make distcheck
$ mv opentxs-0.88.e.tar.gz opentxs_0.88.e.orig.tar.gz
$ tar xf opentxs_0.88.e.orig.tar.gz
$ cd opentxs-0.88.e
$ cp -r ../debian .
$ debuild -us -uc -d

To install deb package:
$ sudo dpkg -i opentxs_0.88.e.<arch>.deb
6508  Economy / Economics / Re: German gold reserves hauled back to Germany on: January 21, 2013, 10:35:01 AM

Are you the Politician who sold the Gold?



6509  Other / Off-topic / Re: The Holographic Principle on: January 21, 2013, 09:59:26 AM
ctp.itp.ac.cn/EN/article/downloadArticleFile.do?attachType=PDF&id=12541

This one is out there, but kind of what I was expecting Wink Rotational systems in fluid mechanics have some really weird entropy and thermodynamic behaviour, much of it to do with non-equilibrium effects and there is always the Mach principle to be aware of when describing boundaries for total system entropy .... Anyway, as I suspected this author seems to suggest some really strange artefacts inside Kerr geometry blackholes when using entropic gravity formulation.

".... this force represents the repulsive force acting on superradiant co-rotating modes."

... cue the anti-gravity loons in 5, 4, 3, 2 ...
6510  Economy / Speculation / Re: Bitcoin is the most dangerous item to short. on: January 21, 2013, 07:51:57 AM
If you are holding any other assets and not in bitcoins you are by definition short bitcoins.

No you are not.  Shorting is being lent an asset and selling it (to buy it at lower price later and give back to lender).

Thnx for the lesson in trading terminology ...

... short is also used to mean "not long".


when you say short bitcoin when you are not holding it, you were use bitcoin as benchmark, in that way, yes, you are shorting bitcoins by not long.
Your underlying assumption is natural position is holding all your assets in bitcoin.


... and we have a winner.

The guy who is obsessed with mucus and nasal emissions must have pulled out some brains at some point I think.

Measuring your worth in bitcoins should be the new norm for anybody who is serious about this little experiment .... all others are short by definition ... there are no 'neutral' positions, that is a fallacy peddled by fiat-meisters, all assets are in play. All wealth assets are measured with respect to something else, when you can realise that you have begun your journey to wealth and understanding money.

Being "in" dollars is the same thing to being long dollars and being in bitcoin is the same thing as being short dollars, there is no difference (some quibble about leverage but leverage of 1 is still short). If you sell any asset you are a natural short since if you were to ever buy that asset back again you would either gain or lose on the round-trip, so all trades include a long and a short component, it is inescapable.
6511  Economy / Speculation / Re: Bitcoin is the most dangerous item to short. on: January 21, 2013, 01:08:56 AM
If you are holding any other assets and not in bitcoins you are by definition short bitcoins.

No you are not.  Shorting is being lent an asset and selling it (to buy it at lower price later and give back to lender).

Thnx for the lesson in trading terminology ...

... short is also used to mean "not long".
6512  Economy / Speculation / Re: Bitcoin is the most dangerous item to short. on: January 21, 2013, 12:41:55 AM
If you are holding any other assets and not in bitcoins you are by definition short bitcoins.

Just by holding US dollar cash last year you lost 160% by not being in bitcoin.
6513  Bitcoin / Bitcoin Discussion / Re: Kim Dotcom Mansion: Press conference 2013-01-19 GMT on: January 20, 2013, 07:33:03 AM
Ok, after 10 hours trying to upload on and off, still nothing ... has anybody been able to upload even 1 file?

I have my doubts as to whether it is working at all.
6514  Bitcoin / Bitcoin Discussion / Re: Kim Dotcom Mansion: Press conference 2013-01-19 GMT on: January 20, 2013, 12:23:13 AM
Since I did not get an invite to the party Sad I am at home playing with it now.

Can anyone upload anything or is it just me stuck at 0%?


Same here ... seems there is no more upload just Mega.
6515  Bitcoin / Bitcoin Discussion / Re: Kim Dotcom Mansion: Press conference 2013-01-19 GMT on: January 19, 2013, 08:45:40 PM
EDIT: oooh, looks like an API https://mega.co.nz/#developers and lots of back-end info is being made available also ... maybe not be too hard for 3rd party to bolt on a bitcoin-enabled service anyway ??

https://mega.co.nz/#resellerintro  Grin

Yeah interesting he has chosen to use a voucher system for the resellers, like Mt Gox does. I can imagine those Mega vouchers will become a currency in their own right and could be traded for bitcoins on some exchanges somewhere anyway, maybe in the deep web if need be ...

... Kim could have called the vouchers MegaBucks   Cheesy
6516  Bitcoin / Bitcoin Discussion / Re: Kim Dotcom Mansion: Press conference 2013-01-19 GMT on: January 19, 2013, 08:21:50 PM
I found the secure connection site worked but open connection not ... i.e. use
https://mega.co.nz

EDIT: oooh, looks like an API https://mega.co.nz/#developers and lots of back-end info is being made available also ... maybe not be too hard for 3rd party to bolt on a bitcoin-enabled service anyway ??
6517  Bitcoin / Armory / Re: Armory - Discussion Thread on: January 19, 2013, 08:19:59 PM
Quote
But it doesn't seem to like the $(VAR) inside the shell...

You have to have some knowledge of what type of shell it is dropping into ... most POSIX-like shells will only accept variables inside curly brackets, e.g. ${VAR}
6518  Other / Off-topic / Re: The Holographic Principle on: January 19, 2013, 08:12:03 PM
Incidentally, the term "holographic" is somewhat misleading. There's no experimental evidence (nor is there a theoretical requirement) that the information is arranged holographically on the surface of a black hole.

So don't be distracted by the terminology. It's just a "popular" way to convey the concept that the information capacity of a 3-D object is proportional to its surface area rather than to its volume.

I agree, but it is a nice succinct way of conveying the crux of the nature of Laplacian pde type solutions, i.e. complete knowledge on the boundary gives complete knowledge throughout the domain.
6519  Other / Off-topic / Re: The Holographic Principle on: January 19, 2013, 01:06:19 AM
It's indeed a very profound and revolutionary concept.  I would lie if I tell that I understand it in any substantial way, but the very little I know is very appealing.  In particular, I like the fact that it is related to the very interesting work of Erik Verlinde and his entropic interpretation of gravity.

Interesting indeed.

Anybody got some links to state of art Entropic Gravity theories? (Particularly interested to know if there are any GR Kerr solutions developments/formulations using Entropic Gravity.)
6520  Bitcoin / Legal / Re: Are bitcoins an e-currency? on: January 18, 2013, 11:49:40 PM
The habit of lumping bitcoins with diverse gift card-like systems like Linden Dollars, as the ECB does, is just to confuse, and belittle bitcoin. Bitcoins really is money.

The real gold in that report is the chapter of Reputational Risk (page 45).

"If the use of virtual currency schemes grows considerably, incidents which attract press coverage
could have negative impacts on the reputations of central banks, if the public perceives the
incidents as being caused, in part, by central banks not doing their jobs properly. As a consequence,
this risk should be considered when assessing the overall risk situation of central banks."

Yes, covering their asses is their most important goal. They are not worried about the system itself, only their own reputation.

The report: www.ecb.int/pub/pdf/other/virtualcurrencyschemes201210en.pdf



Actually, I'd argue that the thrust of the ECB here is a lame attempt to bring bitcoin regulation under their jurisdiction where they have none at all.

They have as much jurisdiction over bitcoin as they have over tribes in outer-mongolia trading shiny stones, that is the reality that they hate.

ECB, and any central banks, have their Monopoly monies to experiment wildly with, we have ours .... just quietly, eff off.
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