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361  Bitcoin / Bitcoin Technical Support / Re: Any safe way to config RPC when running on TOR? on: September 25, 2015, 04:53:47 PM
you could try to add multiple ip's for loopback:
http://askubuntu.com/questions/444124/how-to-add-a-loopback-interface

and bind bitcoin rpc to another one of them.

(i have not tried that and i am not familiar with tor: so please check if it works)
362  Other / Off-topic / Re: ARE YOU A BOT? on: September 25, 2015, 03:39:25 PM
BOT here - built of 100% organic material (therefor with a huge error rate)
363  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin on: September 25, 2015, 06:52:18 AM
http://www.coindesk.com/barry-silbert-private-blockchains-will-capitulate-to-bitcoin/
Very interesting discussion and argument to why private centralized blockchains, (as I predicted in my original post at the start of this discussion would take over Bitcoin), will not take over Bitcoin. The article touches on other aspects that I attempted to simplify in my Youtube video on "Dollars, Gold and Bitcoin" that you can view at:
https://www.youtube.com/watch?v=872B88VWm_s
The text of the video is below:

Dollars, Gold and Bitcoin

There are about 165,000 tons of gold in the world. This can be represented by a cube with an edge length of about 20 meters. At $US 1,000 per troy ounce of gold, all the gold in the world would cost $US 5.3 trillion. There are about $US 4 trillion worth of coins and paper currency in circulation in the world.  $US 1.2 trillion are US coin and paper currency.  There are about 7 billion people in the world, and about 1 million of them hold BTCs. There are about 14 million BTCs in circulation. At $400 per Bitcoin, all BTCs in the world would cost $ 5.6 billion, a thousandth of what all the gold would be worth.   

If all the BTCs were equally divided, each person would have 0.002BTCs or about $US 0.80. Enough to buy a piece of bread. If all the gold was divided equally, each person would have 0.75 troy ounces of gold worth $US 750. Enough to make 5 finger rings. If all the currency was equally divided, each person would have $US 570.
Fiat currencies, like the US dollar, are not backed by anything except empty promises. Throughout history, they have a 100% failure rate of maintaining value. The US dollar lost 95% of its value since its creation by the Federal Reserve in 1913 by being indiscriminately printed to hide an ever increasing debt that enslaves people. History keeps on repeating our mistakes and we never learn from them. We keep swinging like a pendulum from quality money like gold to quantity currencies like debased coins or fiat paper notes and back again. Gold always delivers the knockout blow to debased currencies.

When currency is debased by printing too much of it, prices inflate and when people lose the purchasing power of their currency, they bid the price of gold up till it reaches or exceeds the value of all the currency in circulation. This has been repeated throughout history. Because the currency of all countries are fiat currencies that are backed by the US dollar, this repeating cycle is now happening at a global scale for the first time.

The cycle starts with the country issuing good money based on precious metals. The country develops economically and socially and builds public works and grows in affluence and influence. To defend their economic affluence and politic influence, they build up a military complex. The military is eventually used and expenditures explode. To fund the wars, governments steal the wealth of the citizens by debasing their coinage with base metals and expanding currencies in unlimited quantities. The loss in purchasing power of the expanded currency supply is sensed, prices increase and confidence in the currency decreases. A mass movement out of the currency into precious metals and tangible assets eventually collapses the currencies and raises the gold price.

There has never been a fiat currency in history that has survived. When the US dollar eventually dies, there will be a great world crisis because the dollar is the world reserve currency holding up all other currencies of other countries. For all crises, there are great opportunities. When the dollar collapses, new currencies have to replace it. Like the cycle of history shows, it will be based on precious metals in the beginning. Many of the few rich will lose their wealth. Wealth never gets destroyed, it just gets transferred, and a few of the many poor will become very rich.

At present, there is a global lack of confidence in the US dollar that is accelerating rapidly. The change to a new monetary system is inevitable and will be chaotic. One new candidate to replace the dollar is Bitcoin.

Both gold and BTC have their strengths. Gold has been in use as money for over 6,000 years and has a proven record to be one of the best ways to store wealth. Bitcoin is only a few years old based on new technology. It has been proven to be a reliable, safe, cheap and convenient method of payment. It is electronic cash that cannot be counterfeited, stolen and controlled and produced by any central authorities like governments and central banks, all of which have a proven record of over printing their currencies until they are worthless.
Gold and BTC make a great pair to act as a world currency. BTC by its definition and protocol can never be printed to any excess. The amount of its creation is inherent in its design and cannot be changed. Its cryptology protects it from being counterfeited, and its decentralized nature protects it from being hijacked by any centralized criminals be they legal banksters and politicians or illegal mafia. Its digital form makes it convenient to be transferred in our digitalized world.  It upholds all the requirements of money as an accountable medium of exchange with purchasing power such as portability, durability, interchangeability, divisibility and guaranty of not being counterfeited. The only requirements that are not met by BTC is its lack of having any inherent store of value over long periods of time. Gold has proven to be the best at that. BTC can act as digital gold and be like digital cash for transactions made on the internet.  BTC together with gold fulfills all the requirements that money should have, including that they cannot be indiscriminately printed to excess till they are worthless.   

Of the about million people who have BTCs, most of the BTCs are owned by only about 1,000 people. About a 100 of the 1,000 own most of the BTCs. Unfortunately, money, whether fiat paper, glittering gold or virtual BTCs breeds greed.   Once a form of money is created that cannot be owned by individuals in amounts greater that what they need and cannot be horded in amounts greater than they can spend, then and only then will world poverty be eliminated.

It is hoped that the new rich, the early adapters of the new monetary system, will be more like robin hoods than barons. If that happens to be Bitcoins, then there is a chance of that happening, because the early adapters of BTCs are mostly intelligent geeks born without a silver spoon in their mouths and born with the fortune of having experienced the humility of poverty and strengthened by the misfortune of being exploited economically. May their humbleness overshadow any inherent greed in their souls, and their strength help them in their resolve to blaze out new trails to world prosperity.   


a very good read. thank you!

the only point i dont agree with is that bitcoin has no inherent value.
its value is that it is easily transferable and cant be counterfeit.

its the first time we have an asset that has this properties.

i have quoted your post in full for future reference.
364  Alternate cryptocurrencies / Altcoin Discussion / Re: [VNL] Vanillacoin, a quiet word of warning. on: September 24, 2015, 06:54:11 PM

I see now multiple threads about Vanillacoin, but
where is an intelligent discussion about whether the
coin actually delivers the distinctive new features it
claims to have?

"property rights", give me a break

here you go:
https://bitcointalk.org/index.php?topic=977245.new;topicseen#new

this thread is about john-connor copying code without honoring its license and lying about it

And this thread is dealing with a coin that has a single developer doing more work than any monero dev did with their bytecoin fork:

https://bitcointalk.org/index.php?topic=977245.new;topicseen#new

ROFL you linked the same thread.
thanks for bumping this one though Wink
365  Local / Off-Topic (Deutsch) / Re: Wem nutzt das Volkswagen-Bashing? on: September 24, 2015, 06:17:21 PM
Ich hätte jetzt spontan auf google oder apple getippt.
Das die in den Automarkt einsteigen ist ja kein Geheimnis und wenn die sich billig einkaufen wollen...
366  Alternate cryptocurrencies / Altcoin Discussion / Re: [VNL] Vanillacoin, a quiet word of warning. on: September 24, 2015, 05:11:02 PM

I see now multiple threads about Vanillacoin, but
where is an intelligent discussion about whether the
coin actually delivers the distinctive new features it
claims to have?

"property rights", give me a break

here you go:
https://bitcointalk.org/index.php?topic=977245.new;topicseen#new

this thread is about john-connor copying code without honoring its license and lying about it
367  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [UNOFFICIAL] VNL | Vanillacoin 0.3.6 Beta | Node Incentives | ZeroTime on: September 24, 2015, 12:15:37 PM
The vanilla wallet is compiled with many static libraries.
Other than a build annoyance for people wanting to compile themselves, it is a security issue.
When your operating system does security updates on those libraries, the wallet will be unaffected by those updates and will keep being vulnerable.
This is pretty common for windows applications, much less on unix.

See here for the discussion:

https://bitcointalk.org/index.php?topic=1064326.msg12499004#msg12499004

I warned you ;-)

personally i prefer static builds for security related apps, because a lib can attack its host-app.
if its just a file somewhere on the system it may get updated unnoticed (i tend to update security apps more carefully than normal libs).

that just means someone has to rebuild if a "normal" security hole is found in a lib: not a big issue IMHO
368  Economy / Auctions / Re: [WTS] Hashie.co -- Domain Name! on: September 24, 2015, 11:56:35 AM
Probably but I think he might be banned.
I thought that scammers and such didn't get banned, just a negative rating?

TF has been banned
if its true that hashie and TF are the same person... well then hashie has been banned also Wink
369  Bitcoin / Development & Technical Discussion / Re: DagCoin: a cryptocurrency without blocks on: September 24, 2015, 08:56:30 AM
i must admit i dont understand how this TxNet may work in detail but it sounds interesting.

i have one question though (this also assumes no further tx-obfuscation):
if tx's are mined like blocks with multiple ancestors is it possible to blacklist certain transactions in different jurisdictions and still have the rest working?

only transactions which uses that outputs would be unusable in that country.

any thoughts?
370  Economy / Micro Earnings / Re: Free apps.. on: September 24, 2015, 01:12:13 AM
i read that you are studying medicine.
are there any laws that forbid you to give tipps about that?

if not you may open a thread and people can come there and ask questions, send you photos or that like (ofc you need to send them to a doctor if its something serious)

maybe some people will tipp you or you come up with an idea like "tell me your problem and if i can help you i tell you that before and you send me xxbtc for that"

i dont think you'd gain much with that, but i'd like to see something like that (i actually hate to go to doctors, so i'd go to your thread first [but i would pm you])

regards
371  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 24, 2015, 01:01:42 AM
You guys keep talking about governments creating/enforcing black lists. Governments don't have to enforce any such blacklist for there to be one. Companies like Chainalysis will offer address screening/validation services that merchants will choose to adopt, not because they are required to, but for liability purposes. It's simply a wise legal decision that protects them from lawsuit.

That way if someone steals 10,000 bitcoins and funnels it through XYZ business, XYZ can say "don't blame us! We took these security measures and all our transactions are verified through the Chainalysis/Coinalytics/whatever gateway to be free of suspicious activity." Third party services are some of the easiest ways for businesses to limit their liability and pass responsibility to someone else.

The bottom line is that if a currency is not fungible, you can't expect everyone to pretend that it is.

Cant believe people are still pretending Bitcoin is fungible.  It is a lot of things but certainly not that.

https://www.youtube.com/watch?v=bp39qSdyTc4
372  Other / Meta / Re: Why bitcointalk.org Looks so Bad on: September 23, 2015, 11:49:19 PM
i like the look of the current forum very much
very clean

it just needs some features and better mobile support
373  Economy / Economics / Re: Bitcoin halving to be canceled? on: September 23, 2015, 11:02:20 AM

How do you know? You never get 100% majority (maybe only in the Soviet Russia, wtf), since there are many ways to fix bugs, and even some bugs are sometimes... often times considered as "features"

Now we see the dispute about the blocksize limit

yes indeed. blocksize change would be the first example.

but why do you insist on changing bitcoin?
why dont you just invest in an altcoin which does what you like? if its better in the longrun it will prosper.

Dogecoin is good (for speculating), but it is a little too hard on the cardiovascular system. That's why I care, lol

only time and adoption can change that...
imho the first bitcoin traders had the same problems
374  Economy / Economics / Re: Bitcoin halving to be canceled? on: September 23, 2015, 10:58:25 AM

How do you know? You never get 100% majority (maybe only in the Soviet Russia, wtf), since there are many ways to fix bugs, and even some bugs are sometimes... often times considered as "features"

Now we see the dispute about the blocksize limit

yes indeed. blocksize change would be the first example.

but why do you insist on changing bitcoin?
why dont you just invest in an altcoin which does what you like? if its better in the longrun it will prosper.
375  Economy / Economics / Re: Bitcoin halving to be canceled? on: September 23, 2015, 10:51:40 AM

That's what I expected to hear. Now, say, 90% of all miners agree on canceling Bitcoin halving and begin using a new version of the client between themselves. Then the disagreeing minority will either have to put up or shut up, right?

What will happen to Bitcoin holdings?

no, that 10% can use bitcoin as-is.
and the 90% majority doesnt have the right to call it bitcoin. they have created an altcoin which initial balances would be "copied over" (copied is not technically correct but i think you get the point).

I disagree with that. If you were right, then we would still have Bitcoin as it had been at its birth, since no change would be possible without losing the right to call a new version Bitcoin. There will always be people who don't agree with every change done or proposed, and that's normal...



bitcoins social contract has never been changed.
any hardfork made was to fix bugs, which got 100% majority easily.
new features where introduced through softforks (means: only miners need to update)

so there never has been an example to support your claim
376  Economy / Economics / Re: Bitcoin halving to be canceled? on: September 23, 2015, 10:42:25 AM

That's what I expected to hear. Now, say, 90% of all miners agree on canceling Bitcoin halving and begin using a new version of the client between themselves. Then the disagreeing minority will either have to put up or shut up, right?

What will happen to Bitcoin holdings?

no, that 10% can use bitcoin as-is.
and the 90% majority doesnt have the right to call it bitcoin. they have created an altcoin which initial balances would be "copied over" (copied is not technically correct but i think you get the point).

anybody will have their coins in both forks (well at least if they followed the rule "you only have bitcoins if you own the private key")
377  Economy / Economics / Re: Bitcoin halving to be canceled? on: September 23, 2015, 10:30:45 AM
Are there any technical issues that could hinder the switch? I mean the situation when a simple upgrade is not enough? In other words, if someone doesn't care about Bitcoin halving, would he notice anything?

if bitcoin-core removes the halving and all miners, exchanges and shops switch your hypnotically user would be on a fork which means he wouldnt receive transactions and has problems sending them

If I got you right, a simple upgrade of the client will do the trick? So it is just some obscure constant set in the code which needs to be removed, right?

yes (technically its not a constant), it is an easy change
the problem is to convince all users to use that client. so its easier to just use an altcoin which does this (in my case monero. dodge does it also though i think their tail reward is too large)
378  Economy / Economics / Re: Bitcoin halving to be canceled? on: September 23, 2015, 10:24:53 AM
Are there any technical issues that could hinder the switch? I mean the situation when a simple upgrade is not enough? In other words, if someone doesn't care about Bitcoin halving, would he notice anything?

if bitcoin-core removes the halving and all miners, exchanges and shops switch your hypnotically user would be on a fork which means he wouldnt receive transactions and has problems sending them

also he could be attacked by time-warping and sybill attacks (though not sure why someone would do this on a worthless fork)
379  Economy / Economics / Re: Bitcoin halving to be canceled? on: September 23, 2015, 10:15:11 AM
[...] That we can't say beforehand whether the coming halving will be beneficial to Bitcoin, or, at least, that it will not have devastating consequences

all we can say for sure is that the halving's will happen.

Okay, let's say that we are given strong persuading evidence that the halving (in the way it is expected to happen) will put Bitcoin at risk of total collapse. In that case, would you still insist that it will happen, no matter what?

yes. because the halving is part of the definition what bitcoin is.
anything else is an altcoin which has no right to use that name.

only if 100% of miners, users and shops switch they may use the name bitcoin for their alt. but its impossible to convince 100%
380  Economy / Economics / Re: Bitcoin halving to be canceled? on: September 23, 2015, 10:09:16 AM
[...] That we can't say beforehand whether the coming halving will be beneficial to Bitcoin, or, at least, that it will not have devastating consequences

all we can say for sure is that the halving's will happen.
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