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201  Bitcoin / Bitcoin Discussion / Re: F2F bitcoin network on: January 31, 2011, 06:31:24 PM
The current p2p implementation of Bitcoin makes its users easily identifiable, as they broadcast their IP addresses to all peers on the network, including nodes set up with the intent to monitor the network and persecute its users.

With this in mind, one may want to disable connections to untrusted third parties, and allow connections only to a few trusted friends. This is the concept of a friend-to-friend (F2F) network (vs a P2P network), and it is described on Wikipedia http://en.wikipedia.org/wiki/Friend-to-friend in great detail. It has been already implemented in various file sharing programs such as http://anomos.info/wp/, http://www.turtle4privacy.org/new/, etc

In such a setup the edges of graph of the Bitcoin network will actually represent physical relationships between the participants in the real world, and the network overall will be much harder to disrupt by  brute-force attacks. Even if a malicious third party takes over 51% of the computing power, their blockchain will be rejected by the trust-based f2f network. However, the drawback of this approach is that it would be much harder to build the network initially as more work is required to identify and add friends, whereas with the p2p approach the user just installs the program and is ready to go.

For a stronger bitcoin infrastructure it will be beneficial to keep both the P2P protocol because of its ease of use, and add an F2F protocol because of its resilience. To that end, it is important to decouple the core of bitcoin from the implementation details of the communication protocol.

If problems arise with the p2p approach, one should be able to easily switch to the f2f backend, and connect only to a trusted circle of friends. In case of an emergency law allowing  the government to turn off the entire internet completely (like in Egypt right now), then an offline communcation protocol should be put in place, where the user should be able to do off-line transport by transferring packets on flash drives between computers, or via the mail. Although significantly slower, the bitcoin network will still continue to function.

So, are there any plans to decouple the communication protocol from the implementation of bitcoin? Maybe different communication protocols should be handled as plugins that one could easily install or disable depending on his anonymity needs?

I think might be quite interesting is if bitcoin could communicate using other protocols.. in particular something like XMPP might be quite handy. Perhaps there could be a few well known XMPP addresses that clients could boostrap with.. it would also be harder for governments to block without alot of collateral damage against other non-bitcoin XMPP traffic. You could have a bitcoin client where the only connection is an outbound TCP to google talk for example.
202  Economy / Marketplace / Re: Selling 15,000 BTC at $0.20/BTC on: January 20, 2011, 03:20:39 AM
It occurs to me that with the discount you are offering it would be possible to order uncut $50 US notes online from :

http://www.moneyfactorystore.gov/50currencysheetsbeptestsheet.aspx

and have them delivered to you and still end up with a profitable transaction. The $50 x 8 US notes seem to have a 15% premium over their cash value.
203  Bitcoin / Development & Technical Discussion / Re: Making a real tangible bitcoin that actually conveys BTC on: January 07, 2011, 01:08:24 PM
I don't really understand the point of this.

You can't know whether a card has been spent or not without a complicated bit of technology AND a full block chain verification. This negates the point of having a cash-like thing. I can't just buy somebody a beer and have them hand me a 50 BTC smartcard because I have no idea if it's really got 50 unspent coins in it or if it's just a worthless piece of plastic. And if I have the technology to hand that can prove it's valid, we might as well be doing direct BTC transfers in the usual manner.

I don't think it's completly pointless. You could accept a 50 BTC smartcard from someone you trust.
204  Economy / Marketplace / Re: VCC to Verify Paypal/ebay account on: January 04, 2011, 06:09:48 PM
Let me see if I understand this.  I buy the VCC from you for 50 BTC and tell you what name and address (possibly fictitious) I want to use.  You then issue me the VCC which I can use to register and verify a paypal account.  How much money is on this card, or do I pay you however much I want on it in addition to the 50 BTC?  In this case, how is the exchange rate determined?  In order for the fee of 50 BTC not to be unreasonable, the card would need to be USD 500 or more.  This is a lot of trust for someone to place in a new merchant/exchanger.

The VCC contains around $2 needed to do the validation. 50BTC is currently around $15 so you're basically paying $15 to quickly add a made up address to your paypal.

About the only legal thing I can think this might be useful for is if you wanted to say quickly add your work address as a 'verified' address in order to get something shipped to work. If this was really the reason you can just get paypal to mail you a letter to verify the address instead, but I suppose $15 might be worth it for the convenience of instant gratification.

Perhaps it could also be useful if you wanted to buy stuff in say the US from someone who doesn't ship internationally and needed to register the address of someone else who could forward you the goods.

Moving on to what I suspect may be the more common use.. you can probably create paypal accounts using stolen CC details, but then how do you get people to ship the goods to you instead of the address of the stolen CC? well this would work nicely.. just register the address of some nearby foreclosed house using the VCC and ship the stuff there. paypal/ebay will let you bill one card, but ship to the other.

Rob
205  Economy / Marketplace / Re: VCC to Verify Paypal/ebay account on: January 04, 2011, 09:40:55 AM
Paypal tells me that the way to get verified is to link my bank account. How would I use a VCC number to get verified? I already have a CC linked.
This vcc works for all over the world... Are you from USA?

afaik a CC can't be used to remove the $500/month limit.. that requires a linked bank account.

It will however confirm your postal address as whatever the VCC says it is (which can be anything you want) -- basically 'verified' addresses are meaningless because of this.
206  Bitcoin / Bitcoin Discussion / Re: A "real" Bitcoin on: January 02, 2011, 01:21:18 AM
High resolution picture:

http://y72.img-up.net/bitcoin3d6phb.jpg

Next I'll try to make one from brass. I like the idea of engraving an bitcoin address.

What you really need is a way to write the private key that controlls 1 bitcoin onto the coin (some small smartcard? or maybe just a hexdump in really tiny writing) - that way someone could dematerialize the coin again if they want and put it back into a wallet.

Just having an address with a coin in it that noone can access is kindof pointless. Including the real private key on the other hand would allow the value of the bitcoin to remain pegged.

If only you could stuff this inside it...

http://h22.img-up.net/?up=coin6fzzg.jpg


perhaps this;

http://www.alibaba.com/product-free/103998637/Smart_card_Coin_card.html
207  Bitcoin / Bitcoin Discussion / Re: A "real" Bitcoin on: January 01, 2011, 09:56:18 PM
High resolution picture:

http://y72.img-up.net/bitcoin3d6phb.jpg

Next I'll try to make one from brass. I like the idea of engraving an bitcoin address.

What you really need is a way to write the private key that controlls 1 bitcoin onto the coin (some small smartcard? or maybe just a hexdump in really tiny writing) - that way someone could dematerialize the coin again if they want and put it back into a wallet.

Just having an address with a coin in it that noone can access is kindof pointless. Including the real private key on the other hand would allow the value of the bitcoin to remain pegged.
208  Bitcoin / Bitcoin Discussion / Re: What mechanism restricts the supply of bitcoins? on: December 04, 2010, 02:12:53 PM
I'm a rothbardian libertarian myself, so you don't have to convinced me of the problems of having a government judge deciding who should own some property.

But even without considering the world we live in today (which is already a stretch), in a free society there would still be judges that adjudicate disputes, and thieves that need to be expropriated to compensate their victims.

How is this possible in a system where no one can take away the money illegitimately acquired by a thief or fraudster?  This is a major problem that I see with bitcoin being suitable as money.

Realistically, this problem could cause bitcoin to be made illegal in all major countries, the same way e-gold went.  No legally abiding business could accept it in a transaction, and even though no one could completely eradicate it due to its peer to peer nature, it would be relegated to some black market usage, and loose significant market value, along with any credibility of becoming a real currency.

Basically, this is a fundamental problem with bitcoin not being compatible with a civil law justice system?

Bitcoin is not worse than cash, for that matter.  The concept of money doesn't provide any security nor insurance for your transactions.

Cash can be re-appropriated if stolen.  A bank account can be confiscated.  A bitcoin hoard can't be.  That's a big difference.

Bitcoin can be re-appropriated in the same way as cash can be. The police can raid the thief, seize their computer, take control of the bitcoin wallet and force a refund of the money. In practice stolen cash is rarely re-appropriated and I doubt bitcoin cash would be either, but there is no difference in the methods that would have to be used.
209  Bitcoin / Project Development / Re: Wikileaks contact info? on: November 11, 2010, 01:44:40 AM
Hey,

I wanted to send a letter to Wikileaks about Bitcoin since unfortunately they've had several incidents where their funds have been seized in the past.
http://wikileaks.org/media/support.html

Anyone know where to send a message to them?

Eh. Wikileaks is almost certainly run by the CIA anyway. I doubt they'll be interested.
210  Bitcoin / Bitcoin Discussion / Re: Did block generation crawl to a halt? on: July 19, 2010, 03:13:04 PM
@satoshi, I've change it to plot the last 127 blocks and also it gives you the average of those 127.
211  Bitcoin / Bitcoin Discussion / Re: Did block generation crawl to a halt? on: July 18, 2010, 03:24:28 AM
I created a realtime graph of the current block generation speed here;

http://titania.smutfairy.com/~rm/time.gif
212  Bitcoin / Bitcoin Discussion / Re: Bitcoin clients getting k-lined from the IRC bootstrapping channel on: July 16, 2010, 01:09:02 PM
I am the admin of irc.smutfairy.com - sorry the name frightened some of you - it was intended as a joke. I have changed the DNS PTR to point back to irc.lfnet.org which hopefully won't be so intimidating Wink
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