It's only a matter of time before they seize or shut down the biggest money exchanges. I remember so well Black Friday , when PokerStars and the other poker sites were taken out. The way to minimize your risk is to keep small amounts of money at the exchange and keep most of your BTC offline. Then, when MtGox gets the PokerStars treatment, we can just start up elsewhere. The most popular online eWallets are also vulnerable. Nobody said being a pioneer was easy.
It'd be just as well if MtGox were to publish their static IP, so that anyone with any tech savvy can still get there. Publishing a static IP is great, but if it gets to that point (which I think it will), then don't exchangers like MtGox require something like this: http://www.fotograf.nu/360/bahnhof/neat site ... did anyone else catch julian chatting up the swedish lady in the lobby there? |
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Man, I didn't expect things to get this political this early.
When I read stuff like this I fear that Bitcoin is going to turn me into a raging libertarian.
do it .... it's ...... well, liberating Who are these guys anyway exactly "The Digital WTF Lobby?" I mean who do they speak for, are they just one guy in an office in Dresden picking his nose wondering if he can scare up some business from his fee payers cause they're all busted-arse from the euro crises ... or something more? |
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I hear a lot of really troubling talk out there;
don't go out there ... I hear it is dangerous out there. Edit: good thoughts in the piece ... worth reading. |
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In legal terms, I think possession is quite fundamental. So what is it that is physically possessed?
As cloud9 says, one does not physically possess a bitcoin, no one does, in the way that Yap stones were not possessed by any one individual. What is in your physical possession (the wallet.dat file) is a set of crypto-graphic keys that can be used to transfer bitcoin credit around in the block chain database, like tally-sticks were used to transfer credit.
Crypto-graphically secured, digital signing rights to a public database of limited credit tallies.
It is not largely different than a modern electronic bank account but the mental inertia associated with those allows it to be called money, currency.
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if bitcoin explodes, we'll cross that bridge when it blows up.
... or get down on hands and knees and clean up the mess.
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... all will be revealed in good time.
"The Founders" (speak in hushed tones when you say this) have a cunning plan.
Anybody who fightsfortheusers will be rewarded in the "Great Distribution" after the bitcoin "Coming of Age", yes 20/12/2012.
After a great battle, only the loyal, still-standing, active BTC accounts will be topped up with a pro-ratio allocation of the early bitcoins currently on ice from "The Founding".
If you want more rumours and stories you'll have to tip me btc.
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If it's so fucking easy to fix, why don't you do it? Alternatively, you could pay Gavin to quit his job and develop the client full time. I mean, you've got all that money sitting around that you didn't actually earn, you owe it to the community to give back.
Somehow I suspect Gavin has more BTC than me and is unlikely to need my contribution. I am willing to bet his most limited resource is time. Gavins' time is a deflationary asset?! Can we trade it somewhere? |
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Electronic what Foundation?
Guess we can't rely on them for squat.
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registering with Silk Road was the easy part. I can't figure out how to buy bitcoins, and i've tried most of the recommended exchange sites. there has to be a simple way for me to use paypal or my bank account for purchases, no?
It is only when try to escape, that you will know you were not free. |
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Really like the simplicity of this famulus, good job
... how do the international post codes work, is there a country identifier (prefix/suffix) needed?
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I'd pay for guaranteed uptime ... if it's down you pay me out anyway.
Is that an option ... getting pretty tired of these pools crashing and hanging my miners.
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It's only a matter of time before they seize or shut down the biggest money exchanges. I remember so well Black Friday , when PokerStars and the other poker sites were taken out. The way to minimize your risk is to keep small amounts of money at the exchange and keep most of your BTC offline. Then, when MtGox gets the PokerStars treatment, we can just start up elsewhere. The most popular online eWallets are also vulnerable. Nobody said being a pioneer was easy.
poker sites would still be up if they were using namecoin DNS ... btw, i have for sale fulltiltpoker.bit pokerstars.bit if anybody is interested  |
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Any bitcoiners interested in meeting up in Auckland, New Zealand please post interest here or PM me if you prefer. Edit Second attempt at BitcoiNZ meeting New date Sat. July 30, 2:30pm Same venue Horse & Trap (Mt. Eden, good parking) http://www.horseandtrap.co.nz/ |
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casascius: you are right on two really good points there ... the 21 million limit works really well as a 'hook'. I do not know if the number was intentional or not but it works.
The decimal point could have been put in any number of places, e.g. now it is proposed to moved so that 21 million number will no longer be strictly true. To the first glance a number like 210 billion would have been "forget about it" ... it is purely psychological but if the number is low enough a second look is warranted. The fact that it is a hard limit is more important than the actual value but the value of that limit is psychologically effective as a hook.
Second good point is that if nothing else, bitcoin will create a wide debate about what money is and how it is the bankers have screwed society over for so long by hiding behind the ignorance of the wider population. A widespread debate and people just re-evaluating what has value in their lives will be disruptive enough. After 15 years of trying to tell people why gold is important to their economic freedom, a wide debate on nature of money and why control is the hands of the powerful few would be mana from heaven.
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Bitcoin will benefit the US government by collapsing it into a steaming heap of rubbish, ready to go into the landfill of history.
Umm ...and how does that exactly benefit the US? more harm than good ... creative destruction. Sometimes the optimal path (path of least resistance) is the "Reboot" button. |
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So do we have our first target for anonymous's loic's yet .... ?
They are pretty brave if they have any sort of web presence.
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DNS is case insensitive. You've just found a bug in namecoind.
What's that worth ... a few namecoins? Anything like finding a block? |
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Search google for "bitcoin fallback nodes" and you will get a wiki page with a list of stable IP addresses that you can use. Then start your client with -nolisten to reject incoming peer connections, -noirc to not bother listing on the irc channel so there won't be as many clients trying, and -connect=ip.address two or three times to specify the fallback nodes you wish to use.
Great, thanks. |
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I'm in back of boondocks on a 45km wireless link (max 500 Kbps down) and if I open up to all connections, which I need to just make a node connection sometimes, it gets to >100 in no time and swamps my connection ... (10 Gbyte limit per month).
Anybody want to PM me some IP's I can point at to reliably get a connection without having to drown in bitcoin traffic? (I think there is something in client to that in conf file isn't there?)
edit: ooops, meant Kbps not Mbps
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