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4101  Economy / Economics / Re: Safe deposit box insurance for bitcoin contents? on: July 09, 2012, 02:28:16 AM
I am just concerned of the weakest link. AKA location that is easiest to steal or hack.

Why? As long as we're talking about encrypted wallet backups as opposed to physical bitcoins, there is no "weakest" link, because it doesn't matter in the slightest if only one "link" is broken. All copies of your wallet (both the backups and the original) need to be lost at the same time for you to lose your bitcoins. You don't need insurance, because you already have insurance by backing up in multiple locations.
4102  Economy / Economics / Re: Is now the time to buy? on: July 09, 2012, 02:13:10 AM
It is always a good time to buy. It may cost you more and some points in time than others but right now it is a coin collecting race. Who ever has the most coins once ALL the coins have been mined controls the power. I speculate the value of bitcoin will rise quickly and more steadily once all the coins are mined.

Money is not a matter of "whoever has the most wins". If you have twice as much money as I do, that doesn't mean you control the power and I control nothing. It just means you have twice as much power as I do. Everyone has power in proportion to their wealth. The poor have less power than the rich, but they are not completely powerless. Contrast this with a typical democratic government, in which whoever has the most votes controls all the power and everyone else has nothing.

In any case, the only way to exercise the power that money provides is to spend it, after which you don't have as much money as you did, and somebody else has more. If somebody has a lot of money but they don't actually do anything with it, that money might as well not exist as far as the rest of the economy is concerned.
4103  Economy / Economics / Re: Safe deposit box insurance for bitcoin contents? on: July 09, 2012, 01:55:36 AM
You might possibly be able to insure physical bitcoins for their bitcoin value, but you definitely won't be able to do the same for a wallet backup, because if the backup is lost, stolen, or destroyed, that does not mean you've lost the bitcoins. After all, you do have backups in several locations, right? Right?
4104  Other / Beginners & Help / Re: Free unwanted testnet bitcoins on: July 09, 2012, 01:29:50 AM
bitcoinmaster and whittles, you guys should realise that testnet bitcoins are just pretend bitcoins used to test Bitcoin-related software and services without putting real money on the line. You can't send them to real Bitcoin addresses or use them in real Bitcoin transactions. (Real bitcoin addresses start with a 1, testnet addresses start with either m or n.)

So how do you generate a testnet address?

Run Bitcoin with the -testnet parameter. eg. at the command line, run "bitcoin-qt -testnet" (without the quotes) or add "testnet=1" (again, without the quotes) to your bitcoin.conf file. Bitcoin will then generate a testnet wallet if you don't already have one and start downloading the testnet blockchain. Note that unless you're testing Bitcoin software or services, there is literally no reason to ever use this.
4105  Other / Beginners & Help / Re: The Great Bitcoin Collective Faucet Experiment on: July 09, 2012, 01:10:47 AM
No, Ponzi schemes can't be sustained (that's why they're illegal). Suppose Alice sends you BTC1 and then Bob sends you another BTC1. You now have BTC2, and so you can pay back Alice BTC1.1. You now have BTC0.9, but you owe Bob BTC1.1. You not only can't pay him the 10%, but you can't even pay him back the BTC1 he originally gave you unless you get someone else involved in the scheme. The last person in the chain is completely screwed because there is literally no way you will ever have enough to pay back their original investment.

You don't seriously expect us to believe you never thought of this, do you?
4106  Alternate cryptocurrencies / Altcoin Discussion / Re: Solidcoin Faucet Open on: July 08, 2012, 03:29:00 AM
Capt. your first and second posts seem to not be in agreement... did you "find" the faucet, or are you "establishing" a faucet? If this is in effect an announcement about you new faucet venture, it would be courteous to flag your post in an appropriate way, and to place it in the thread devoted to alt currencies.

He didn't "find" the faucet, he just doesn't understand the difference between "found" and "founded". Or "there" and "their", for that matter. Or "that" and "who". Or the plural form of "payout". Roll Eyes
4107  Bitcoin / Bitcoin Discussion / Re: ambient sound: blockchain on: July 08, 2012, 12:07:51 AM
doesn't say exactly how it was generated from the blockchain (or if directly at all!).

Quote from: Otherhood
Loaded the first 2% of the blockchain into Audacity as a raw file import, read as a signed 32 bit PCM dual channel file at 44100 Hz and then some shaping applied (dropped the pitch and added a bit of phasing for some texture) and then finally overlayed with a glitch/synth track and the video.

Although I personally prefer:
Code:
cat ~/.bitcoin/blk0001.dat > /dev/audio
Smiley
4108  Bitcoin / Legal / Re: There is a way we can trade Bitcoin without getting shut down constantly - read on: July 07, 2012, 11:54:46 PM
That's out of question. Chinese already tested their ability to take down satellites, and in short time Russia and US should be able to do the same.

The US already did, over twenty years before the Chinese, using a purpose-built anti-satellite missile. They then did it again, this time using a standard anti-ballistic missile. India is also developing such weapons, though they haven't (yet) tested any.

To solve the problem, we should make this Bitcoin satellite a manned space station. After all, it's against international law to fire upon civilians, and in any case it would cause way too much of a public outcry. So, does anyone want to volunteer to be the satellite's human shield? Grin
4109  Bitcoin / Development & Technical Discussion / Re: Showing the fiat equivalents in transactions - adding 'fiat=' to bitcoin URIs on: July 07, 2012, 12:57:29 AM
This is a stupid idea. For starters it isn't how people are normally used to dealing with foreign currency (which is ideally what they should be treating Bitcoin as). When I buy something online for €10, I know that it's going to show up on my bank statement as about $12, depending on what the current exchange happens to be at the time I make my purchase. I do not expect the store to say "That'll be $12.05 exactly." only to find, on closer inspection of my bank statement, that it actually cost $12.50. Good accounting requires that exact prices be quoted in whatever currency the merchant is actually using, with exchange rates calculated by the agent performing the actual currency exchange. People expect exchange rates to fluctuate, and will be horribly confused if merchants start giving exact exchange rates when they're not actually exchanging currency at all.
4110  Other / Off-topic / Re: Best Open Source Alternatives on: July 06, 2012, 05:52:02 AM
One thing I've noticed from using windows 7 elsewhere is that it breaks alot of my scripts by demanding permissions before running a script from within a script. Using linux, there is a way to turn off this behavior, correct?:


If you change over to linux
get use to
Code:
sudo
su

and typing your PW constantly to do admin stuff which is everything, even running firestarter, you have to enter your pw.

Sudo does not require your password if you have already entered it recently (within the last 15 minutes, by default). This makes it a lot less annoying if you need to do several things which require root privileges.
4111  Other / Off-topic / Re: Post the term/terms you find the most annoying to read and explain why. on: July 05, 2012, 07:50:37 PM
Organic (in the context of food)
Unless you eat rocks, all food is organic.

This refers to the use of organic fertilizers, as opposed to nitrogen fertilizer.

All plants (other than legumes) require nitrogen fertiliser. Without it, they just die. But that's okay, because "organic" fertilisers contain nitrates too, the only difference is that these nitrates are naturally produced, as opposed to "artificial" nitrates, which differ in that they are artificial and therefore "bad". Yes, nitrates are technically inorganic, but so is water - does adding water to plants also somehow destroy their organic goodness?
4112  Bitcoin / Armory / Re: Armory - Discussion Thread on: July 04, 2012, 07:55:50 AM
* In left-to-right languages such as English, check boxes (such as those in the Preference dialog) are supposed to be to the left of the label, not the right, and vice-versa for right-to-left languages.

I did it that way just because of the layout of the rest of the dialog which has descriptions on the left, interactive widgets on the right.  I could switch it, but I feel it wouldn't look right...
It's not supposed to look "right", it's supposd to look usable. Having the check boxes on the right puts way too much space between the label and the check box itself, and since all check boxes look the same, the distance from the labels makes it harder to tell which check box is which. Look at how the Firefox preferences dialog does it: the buttons are on the right, the check boxes are on the left, and yet it still manages to look "right".

I think I generally used default layout for checkboxes elsewhere in the app (I let QCheckbox decide for me, probably based on locale).  If I didn't, please point it out to me.
Yeah, I think all the other check boxes are correct.
4113  Other / Beginners & Help / Re: Bitcoin clients / Armory on: July 04, 2012, 07:40:43 AM
And I don't understand something about Armory. They give you a passphrase that can restore your wallet. So can anyone just sit at home and attempt to "restore" other people's wallets? What am I missing?

It's a private key, not a passphrase. It's a tad too long to be used as a passphrase unless you have a very good memory. Wink But yes, you could sit at home and keep entering private keys until you get one that someone's already using (note that the use of private keys is fundamental to how Bitcoin works, and is not limited to Armory or any other specific software). What you're missing is that it would require more time and energy than the universe contains to do so.
4114  Other / Off-topic / Re: Post the term/terms you find the most annoying to read and explain why. on: July 03, 2012, 08:27:53 PM
Organic (in the context of food)
Unless you eat rocks, all food is organic.

Natural
Again, with the strange exception of "artificial chemicals" made by mixing natural chemicals with other natural chemicals, all food is natural, even if you do eat rocks. Just don't eat rocks containing lead, asbestos, or uranium. Despite being 100% natural, these rocks are not healthy snacks.
4115  Other / Beginners & Help / Re: Destroying bitcoin, by coin, by coin... on: July 03, 2012, 11:51:51 AM
You think Bitcoin is a silly idea. Therefore you participate in it and actively destroy bitcoins help the Bitcoin community.. Huh Is that supposed to be any less silly, somehow?

It's not silly at all. Far from it. As has been pointed out, his mining efforts efforts are providing additional security for the Bitcoin network, and by destroying the coins he is both declining to accept the reward normally offered to those who provide this important service and increasing the value of everyone else's coins. I normally wouldn't reply to a thread such as this, but I just feel obliged to thank Coins are Gone for his selfless generosity. Well, I guess it's not selfless since he's stealing from the company to do it, but that doesn't mean he's not a hero. Like Robin Hood in a way. Grin
4116  Bitcoin / Bitcoin Discussion / Re: Bitcoin in-FUN-graphic on: July 03, 2012, 09:23:01 AM
A couple of minor problems:

* "Transaction fees as small as five tenthousandths of a bitcoin" is completely meaningless to someone who doesn't know what a bitcoin is or how much it's worth.
* The official bitcoin client won't run on any Macintosh that was produced while Apple still had its stupid rainbow logo.
4117  Bitcoin / Armory / Re: Armory - Discussion Thread on: July 03, 2012, 08:47:16 AM
Some random feedback on 0.81-beta:

* In left-to-right languages such as English, check boxes (such as those in the Preference dialog) are supposed to be to the left of the label, not the right, and vice-versa for right-to-left languages.
* The default date format (%Y-%b-%d %I:%M%p) isn't my system default date format (ISO 8601), and isn't even a standard date format used anywhere in the world. Where'd this weird date format come from? Also, for the example date, it's generally recommended for the time to be after 12:59 PM, to make it easier to differentiate between 12- and 24-hour time.
* It looks like I didn't fully test the light-on-dark colour scheme handling earlier: unconfirmed transactions in the ledger are displayed in black on a dark background. I understand reducing the contrast for unconfirmed transactions, but I think you overdid it slightly. Wink
4118  Other / Beginners & Help / Re: What problem does Bitcoin solve? on: July 03, 2012, 07:28:58 AM
Cannot reverse a transaction unless both parties agrees.

only the receiver has to 'agree' Cheesy

Not if the sender used an e-wallet service and thus the receiver has no idea what address to send the refund to. Wink
4119  Alternate cryptocurrencies / Altcoin Discussion / Re: What is Swiftcoin? on: July 02, 2012, 08:23:38 PM
Let's see now...

Low quality stock photography of random women - Check
No HTTPS - Check
No Contact Info - Check
TOS saying "we are not liable for anything" - Check
Affiliate site has all of the above problems plus fake TRUSTe and BBB seals - Check

Yeah, I think we're done here. Roll Eyes
4120  Bitcoin / Development & Technical Discussion / Re: Roadmap to 1.0? on: July 02, 2012, 08:57:05 AM
How hard would it be to screen-scrape the password screen?
Sure, it's an extra measure of security, no reason not to implement it ... but it won't protect against capable trojan writers.
Not hard at all. In fact, I think a few (possibly even most) keyloggers take a screenshot on every mouseclick for exactly this reason. The reason not to implement a randomly-changing on-screen keyboard is that it's damn annoying and doesn't really provide much (if any) improved security, and in fact will probably reduce security substantially as it encourages users to use short passwords, due to how damn annoying it is to click a huge number of buttons when the buttons keep shifting positions randomly every time you click one. Angry

Seriously, security features that are annoying are as bad as no security at all because users will actively try to avoid using them properly: people would rather be insecure than annoyed. They may not admit it, but it's the truth. All security features must be designed with non-annoyingness in mind.
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