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7561  Bitcoin / Bitcoin Discussion / Re: Has anyone actually ever looked at every line of code? on: June 03, 2011, 01:29:18 AM

This is a misleading question.

You could break the poll down into modules or sections of the code and see how many people had understood every line of each section. No one person need to have looked over/understood every line as long as many people had understood each piece ... unless there was a way to slip something in the cracks.
7562  Bitcoin / Bitcoin Discussion / Re: Public Relations on: June 03, 2011, 01:26:13 AM

Good work Jeff.

It is so sad to see the lame-stream media fulfill their stereotype, and jump straight into the old "sex 'n drugs sells" sensationalism, and completely miss the point of what bitcoin means to a free world.

It maybe they are trapped in a moment of disbelief, like when wikileaks started dropping the bombshells.

What if they were titillated with bitcoin tips? And then we send them a link to the block explorer showing where their bitcoin tips came from and that their bitcoins are in fact more publicly traceable than their own bank accounts.
7563  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Biggest Downfall on: June 03, 2011, 12:48:25 AM
Quote
smart governments ...

... you lost me at this point here ...
7564  Economy / Marketplace / Re: BTC NEAR ME on: June 03, 2011, 12:33:05 AM
Quote
behind the scenes it appends the country code based on IP.

cunning ... but no go for tor users then.

Aside: Hope your polywell project gets a boost from bitcoin proceeds.
7565  Bitcoin / Bitcoin Discussion / Re: You Guys Are Idiots... (To whoever keeps spamming HN) on: June 03, 2011, 12:25:10 AM
unk sounds like he might be internally conflicted with his new found wealth.

If it is cutting you up so much just sell the damn things ... oh, "but wait there's more" ... if i sell now, i'll be part of the scam ... huh?, you've circularly argued yourself into irrelevancy ... there is no way out of that loop except self-hate ... see you in hell unk.
7566  Bitcoin / Bitcoin Discussion / Re: You Guys Are Idiots... (To whoever keeps spamming HN) on: June 02, 2011, 10:48:34 PM

Seems like bitcoin concept is frying a few braincells over at HN ... they are unsure if they are going to fall in love with it or spurn it and miss the biggest opportunity of a hacker's lifetime.  Undecided Undecided
7567  Bitcoin / Project Development / Re: make bitcoin tax friendly on: June 02, 2011, 10:30:01 PM

You are proposing a "technical solution" (euphemism at best imo) to kruft up the client ...

... what exactly is the technical problem you are trying to solve. I don't think you've specified the problem.

Maybe a bug report?
7568  Bitcoin / Bitcoin Discussion / Re: Large German lobby organization supports ban on Bitcoins on: June 02, 2011, 10:20:30 PM
Ditto on the wall of text.

I have to say though, in response to the original topic, I'm far less concerned with countries banning bitcoin than I am with countries using their very large pocketbooks to purchase enough computing power that could swing the network power greater than 50% in their favor.

As several others have pointed out through various threads, it would only take several million dollars, but that's just a fraction of the annual budget of an organization like the FBI, CIA, or NSA. Our only hope against that threat is to encourage others to load up their nodes and miners and increase the strength of the network.

GPU arms race ... do ya feel lucky, well do ya punk?

I have a hunch that they already dipped their toes in the water ...

http://blockexplorer.com/address/1JYdudjausg1VUzosifETZbuLAevyPgnza

What are they going to do with a big pile of bitcoins when they are finished "attacking" the network?
7569  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Biggest Downfall on: June 02, 2011, 10:14:25 PM
Does no one see this as an issue?

More of a feature than bug ... if every man and his dog was easily able to get into bitcoin right now the value would be through the roof and all the usual loudmouths would be screaming blue bloody bubble murder.

As for solar tech., when it is efficient enough to be viable the fat govt. subsidies won't be necessary.

Do you see anybody getting subsidies to buy high-tech mining equipment? ... that is what real tech. progress looks like, it's messy, it's chaotic, competitive but profitable.
7570  Other / Politics & Society / Re: Political Orientation on: June 02, 2011, 09:59:28 PM
I'm a leftist.

Yeah .... that doesn't really compute with me ... what ?? ... how ?? ... did you skip the Soviet Russia chapter in your history classes? smoking pot that day? I don't understand.
7571  Economy / Economics / Re: Is it correct to call BitCoin a currency? on: June 02, 2011, 09:55:46 PM
Bitcoin's durability comes from the hardware and electricity.

It's divisibility and transferability are obvious.

Bitcoin is not a currency yet. Only when it bitcoin can pay for its electricity and hardware in bitcoin will bitcoin be a currency that can stand on its own.


Bitcoin needs to support Open Source Ecology and work on getting The Zeitgeist Movement to see that this is a currency that is not issued by a central authority.

The zeitgeist movement has the numbers of people who are thinking critically.

Open source ecology has the production equipment to change manufacture of houses and machines.

Bitcoin can put it all together and make it flow.

Ecological political "movements", like Zeitgeist have debatable political under-pinnings.

Bitcoin can be said to "put it all together" for any number of political movements, since money is simply a tool.
7572  Bitcoin / Pools / Re: BTC Guild - 0% Fees, Long polling, SSL, JSON API, and more [~500 gH/sec] on: June 02, 2011, 09:44:01 PM

It seems like these attacks on the other pools also occur at the same time as extra long rounds.

Since the shares are being sent back to the pools in plain text is it possible that golden shares, i.e. the block solutions, can be intercepted and intentionally not forwarded to the pool whilst most are let through to give the appearance of normalcy, albeit flaky?

This would effectively take the pool hashrate off-line from the network.

Are there any plans to secure shares forwarding to the pools for the miners? Some of those shares are now worth $500, wouldn't want to lose that in transit would we?
7573  Economy / Economics / Re: Screw the economic growth paradigm on: June 02, 2011, 09:19:32 PM
When normal people say "resources", they mean natural resources like timber, fresh water, oil and coal.  They don't mean produced goods like hamburgers, clothing and houses.

You are right. But how many normal normal people do you know that are complaining that they just cannot buy timber, fresh water, oil and coal for love nor money?

The myth that normal people have been sold by the green-socialist lobby is that these "natural resources" are becoming more scarce while the actual goods they need to survive, hamburger, clothes, housing, supposedly produced by these "dwindling resources" are in reality becoming more plentiful and cheaper .... happily for the green-socialist lobby normal people are happy to live with this paradox. It is called cognitive dissonance I think.

Resource scarcity is a convenient myth. Convenient for green-socialist lobby to scare people over to their envy and control driven cause and convenient for the inflationistas who can say "see, prices are going up because resources are dwindling" whilst they rape the monetary system.

Unless you have better explanation of how it is that produced goods that are needed by humanity are becoming more plentiful while "natural resources" are dwindling?

Perhaps your definition of what is a resource needs some refining?

Define resources correctly and go from there. Until that point the argument is ill-defined.
7574  Bitcoin / Bitcoin Discussion / Re: What about a NAMECOIN GUI? on: June 02, 2011, 08:48:49 PM

Just do it. It'll be an extension of bitcoin client GUI source right?
7575  Bitcoin / Bitcoin Discussion / Re: Who is Satoshi Nakamoto? on: June 02, 2011, 08:43:11 PM
Quote
(the particular monetary policy behind bitcoin doesn't seem ideological but, rather, based in marketing and a sense of what would promote adoption. indeed, early messages from satoshi suggest that bitcion's appeal to libertarians was largely a marketing manoeuver.)

I'll call BS on this. You've made this unsubstantiated claim numerous times from some kind of "authority on satoshi's writings" stance.

Do you have anything to back this up beside the feelings in your udders?
7576  Bitcoin / Project Development / Re: BitcoiNZ meeting, Auckland NZ on: June 02, 2011, 08:30:53 PM
I might be interested. I have a business trip the coupla days beforehand so would need permission from the boss, but yep.

Better a week earlier/later? or few days later?

(First rule of bitcoin meet-up, no talking about bitcoin.) Smiley
7577  Bitcoin / Bitcoin Discussion / On the potential adoption of BTC - web article on: June 02, 2011, 08:08:11 PM
http://cs702.wordpress.com/2011/05/29/on-the-potential-adoption-and-price-appreciation-of-bitcoin-in-the-long-run/

In less than a year, the price of Bitcoin has increased from close to zero to nearly $9 as I write this (see below), prompting the digerati to question, only half-jokingly, if Bitcoin prices are in a “bubble” – see this post by economist Tyler Cowen for a typical example.  For the underlying conventional wisdom is that use of Bitcoin is highly unlikely ever to expand beyond a few niche markets – e.g., idealistic hackers, online gamblers, and miscellaneous underground characters.
7578  Economy / Economics / Re: Screw the economic growth paradigm on: June 02, 2011, 11:29:06 AM

Whatever your opinions are on growth, everyone is entitled to one, try to avoid the following trap;

The on-going collapse is monetary in nature, not due to any hyped "resources disappearing". Gross mis-allocation of capital due to dysfunctional monetary systems can cause the appearance that some products and resources are becoming scarce while others are in abundance, due to over-production. It is easy to confuse wildly varying prices, due to unstable monetary flows, with the seemingly simpler explanation that resources are disappearing.

Food, clothing, energy and shelter are historically cheaper than they have ever been to produce (measured in a stable basis). If prices seem like they are going up to you, you are probably saving in the wrong 'currency'.

7579  Economy / Economics / Re: Is it correct to call BitCoin a currency? on: June 02, 2011, 10:36:52 AM
Currency is related to a physical object with either intrinsic value or backed by a gov't, and BitCoin is neither.

No, you are confusing currency and money.

Money is any commodity that has the following characteristics...

1) durability;  it does not rot or rust.

2) divisibility; it can be split up into very small divisions without harming the value.  

3) transportability; a small amount of it has a high relative value, and can be thus transported relatively easily.

4) noncounterfeitability; it's hard to fake.

5) fungabilty; any measurable amount is of equal value to any other amount.

A currency can have some or all of these characteristics, but these are not what makes a currency.  A currency is simply a standardized unit of measurement.  It's a raw number.  

A currency can also be a money, and vice versa; but most currencies are not monies, and this is true also with Bitcoin.  Bitcoin has all of the above characteristics except it is not a commodity, as there has never been an alternative use for a bitcoin beyond it's trade value.  So, from a technical perspective, calling Bitcoin a currency is the most accurate description in English.

Am I understanding correctly that the services that the oldest profession in the world renders, can then by this definition of the above and not being a commodity (but having usibility, but no intrinsic value) also be defined as a currency?  Isn't bitcoin just providing a very secure accounting service by means of tradeable ownership rights in cryptographic key certificates?

In prisons, war camps, post-collapse economies, etc whiskey and cigarettes get traded like a currency.
7580  Economy / Economics / Hyperinflationary collapse report on: June 02, 2011, 10:34:22 AM
Shadow Statistics.

http://www.shadowstats.com/article/hyperinflation-special-report-2011

Great Collapse Nears

The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression.  Such will encompass a complete collapse in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system as we know it; and a likely realignment of the U.S. political environment.  Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead.  It may be starting to unfold as we go to press in March 2011, but moving into a full blown hyperinflation could take months to a year, beyond the onset, depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve.
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