I noticed a change on his Facebook account, plus a few nice pictures of his new place. Inspiring, IMHO.

Yeah, just get a vanity address, then use the firstbits.

This is cool, but requiring a deposit first and having an account is a non-starter IMHO. If you can make it work more like Satoshi Dice does that will help.

So what you're saying is that the incentives of the system make the people using the system behave in ways that help. Sounds good to me. Isn't that how a proper free market is supposed to work? 

Yeah, Grafton is the place to go to build a libertarian shire. Just make sure you have a good car that can handle rough roads. [I lived there for a while too, at what is now known as the Grafton Embassy.]

http://porcmanor.com/residence/home_tree_domes

This place has two dome buildings connected by a passageway. Radiant floor heating, and the owner is an interesting guy. I lived there for three months, and it is pretty cool but it wasn't for me.

The original owner built it mostly himself, mostly by hand.

Not to mention the possibility of it being abused politically. Imagine if somehow an innocent person gets tagged as a scammer, and everyone jumps on them and blocks their transactions. It could happen to someone who doesn't believe they've done anything wrong so they wouldn't have any reason to hide their coins.

IMHO, this whole madness about dust and SD is more than just an attack on a successful business, but an attack on the validity of bitcoin itself. There's a lot of opportunities being lost here if we do restrict the usage based on some people's opinion of what constitutes value.

AMPEX and similar sites are selling bullion meant for investing. However, your point is proven by AOCS and their attempts to use virtually the same bullion as a currency. One of the guys running it even spoke to Congress not long ago.

Fortunately, Shire Silver isn't anything like a coin, so we don't fall under 18 USC § 486 :-)

True 

But also the people complaining the most about spam and dust aren't seeing all the possibilities that the bitcoin technology allows. I see that sort of static thinking a lot in my precious metal circles as well, where people are just too used to the old ways of doing things that they can't conceive of new ways.

My worst SD experience is having to listen to all these whiners complain about spam and dust. Those terms are just opinions, and it does seem curious to me that these complaints have all started since people have found ways to short the SD stock.

LOL, I guess the author of the article never bothered to do an image search on "ancient coins". If he did he'd quickly find out that there's a whole lot of them that don't have rulers' images on them.

Well, there's your problem. Install Electrum instead. Problem solved.


Most of the bitcoin uses out there that other people are using aren't ones that I use or care about. Should I be whining about them?


Saying "there are only two solutions" is usually done when there *are* more than 2 solutions but the speaker doesn't want any other solutions to be considered. In other words it is a con job. But I would point out that your proposed solution 1 already exists - see Electrum.

Satoshi Dice would not work if you had to have an account. That's its whole point, that you don't need an account. You're asking for a system where it works like

1) insert coin in machine
2) pull lever
3) get results, win or lose
4) repeat 1-3 at will

to change to one where it works like

1 ) go to a cashier
2 ) exchange some coins of one type for coins of another type
3 ) go to machine
4 ) insert coin into machine
5 ) pull lever
6 ) get results, win or lose
7 ) repeat 4-6 at will until coins are gone or done
8 ) if wanting to continue play, go to 1
9 ) go to cashier
10) exchange coins of one type for coins of another type

and that is clearly retarded.

So you're saying you don't have a real response? Thought so.

You don't seem to understand what bitcoin is. Satoshi Dice is the one actually using bitcoin correctly, unlike the other sites that require you to create an account and log in. Your Orwellian insistence on calling it spam doesn't put you in a good light. Please understand that bitcoin is making the old centralized ways of doing things obsolete, and we need to learn how to build new ways of doing things.

Centralization, which is required in systems that make you create accounts, leads inevitably to corruption. Satoshi Dice has found a way to work in the bitcoin system and not require centralization, which is a huge benefit to us all - regardless of some small inconveniences that you appear to want to whine about even though it isn't really a problem.

And as has been pointed out, your quest for vengeance against an upstanding citizen of the bitcoin economy has apparently killed an innocent victim. It is looking like the colored coin distributed asset management system is no longer viable. This would have been a huge boon to small businesses and individuals who might have used it to raise needed capital. Instead they will have to continue to rely on old outdated systems that are less efficient and can expose them to JBTs unnecessarily.

Because Satoshi Dice is doing it the right way, and Mt Gox is doing it the wrong way.

You should consider that requiring users to register is a dangerous centralization that inevitably leads to corruption. Bitcoin is a new phenomenon that requires new thinking, using the old paradigm doesn't make sense when the main point of bitcoin is to obsolete the old paradigm.

Your point is the equivalent of "I don't understand why bitcoin can't require named accounts the way Federal Reserve based banks do it."

The main reason I see to go back to 0.7 instead of forcing upgrades to 0.8 is the size of the total mining pool. It should be easy for miners on 0.8 to fall back to previously used software - presumably they've all used 0.7 in the past. But miners who haven't upgraded yet haven't tested their systems on 0.8 and all manner of problems could occur making that take a long time. So we would end up with a significantly smaller amount of miners.

Why would it cost 0.0000047? Who says the cost has to be that high? Do you have any real numbers showing how much it actually costs to do a transaction?

And why not have 10 million people doing that? Don't you want bitcoin to grow? The idea that we should limit its growth seems absurd to me.

I really hate that people have so totally misused the microtransaction term. IMHO microtransactions are significantly less than a penny, i.e. something that just can't be done in the dollar based system. And yes, I do want to be able to send $0.00000045 and have it accepted by the network; because I might have some need that people just haven't thought of yet.

Back when I was a Windows C++ programmer and COM was the big new thing, there was the idea that you could write reusable objects that would be paid for by really tiny usage charges. The idea never caught on because the payment infrastructure was too costly so the minimum payments were around 50 cents or more. That's clearly unacceptable when your component is something like a smart drop-down list; but it would be possibly acceptable to charge a satoshi per use.

Think about music. I would never pay as much as one cent per play of a song, but I might be willing to pay 0.0000001btc/song. The ability to have really truly small transactions is one of the benefits that makes bitcoin worth using over the traditional payment systems.

IMHO, the bitcoin network needs to be able to handle several orders of magnitude MORE transactions than the major credit card processors. That will open up new opportunities that just weren't possible before. Satoshi Dice is just one example of using the unique characteristics of bitcoin to do something that wasn't possible before, and it won't be the last.

I've been trying to figure out what all the fuss is about, and the only thing that makes sense is that some people really want to drive the price of S.DICE shares down. All the talk about spam and the like is either purposeful manipulation or economic misunderstanding, and perhaps those against Satoshi Dice that aren't in on the price manipulation scam should read Economics in one Lesson and think about it a bit.