Bitcoin Forum
June 27, 2016, 11:24:12 AM *
News: Latest stable version of Bitcoin Core: 0.12.1 [Torrent]
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 368 »
141  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 28, 2014, 01:22:47 AM


How can the masses be so clueless?

The Bitcoin Foundation board controls and regulates Bitcoin, every little aspect of the protocol, even the hardcap which is a joke to call hard or permanent cause it's nothing more than the carrot in this entire scheme.

No, they don't.  They have almost as much say in the protocol as you do.


Ahahaaaa.  This is what I mean by totally clueless.


You haven't read the SEC filing from the Winklevoss ETF application, have you?

I have and that's exactly the case and it is printed in black and white in the application for the ETF.  But you have to actually think for yourself and do research to understand anything not being spoon-fed to you by the mainstream media.  

The Winklevi are trying very hard to convince the feds that Bitcoin is as controlable as they wish it to be, and that they can help them do it.
142  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 28, 2014, 12:17:15 AM


How can the masses be so clueless?

The Bitcoin Foundation board controls and regulates Bitcoin, every little aspect of the protocol, even the hardcap which is a joke to call hard or permanent cause it's nothing more than the carrot in this entire scheme.

No, they don't.  They have almost as much say in the protocol as you do.
143  Bitcoin / Development & Technical Discussion / Re: New Digital CB "band" for cryptosystems, i.e. offline bitcoin transactions on: February 22, 2014, 12:29:04 AM
I've been thinking about this one for some time, and I have an early proposal that I'd like to flesh out with the brainiacs to see if there are any glaring errors that I've made, before I make a formal purposal to the FCC.  No, I'm not joking.

Nice!  I thought about "Bitcoin over radio" as well.  Didn't get to the point of deciding exactly which frequencies or modes would be best for the task, though.  Just thought about the general idea, using the model of a ham radio repeater that serves a given geographical region.

The idea is to have some way of ensuring Bitcoin transactions can still be made, even if the Internet is down/unavailable/suppressed in the region.  It would work similar to a ham radio repeater, many of which already support various digital modes.

The repeater (good radio station on a mountaintop or something like that, so it has good reach) would be the only node that would require Internet connectivity.  It would have an output frequency (always transmitting), and an input frequency (always receiving).


This doesn't need that, as the rules of the machine can determine when and under what circumstances the datagram is repeated.  Similar to how packet radio works, only slower.

Quote
The idea is to have the ability to transact by Bitcoin be very survivable.  If the traditional Internet connections are knocked out, either by disaster or intentionally by government trying to do suppression/censorship, the ability to do Bitcoin by radio could be very useful.


It'd be usefull anyway, but particularly during a Internet blackout of a limited term.  If the Internet is permnently and irreversablely destroyed, Bitcoin won't work anymore; but if that were to ever happen, I think I might have bigger problems.
144  Bitcoin / Development & Technical Discussion / Re: New Digital CB "band" for cryptosystems, i.e. offline bitcoin transactions on: February 22, 2014, 12:24:14 AM
As a Bitcoin network, packet forwarding ought to cost some small fee, paid in Bitcoins. The problem is that the Bitcoin system chokes on micropayments. But think about that as an idea for congestion control. Maybe you have to do some proof of work to send packets.

I've thought about very low value bitcoin tipping for forwarding, but I don't know how to do it.  Any suggestions?
145  Bitcoin / Development & Technical Discussion / Re: New Digital CB "band" for cryptosystems, i.e. offline bitcoin transactions on: February 22, 2014, 12:23:23 AM

Yeah, that video has been there for years.  I've been stalling because I was hoping it would amount to more than vaporware.
146  Other / Politics & Society / Re: US health care mandate (Obamacare) on: February 22, 2014, 12:21:23 AM
I think Obamacare is a step in the right direction but still some problems. There's no system that has no problems  the question is about how to solve the problems

Did that attempt hurt?
147  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 21, 2014, 04:59:12 AM

Appears the number of Bitcoin users is still below 1 million.


Funny how no one metions that you referenced your own opinions about the numbers of users.  Coinbase alone has almost 1 million accounts, not addresses.  Truthfully, we can't know how many users there are, which is kinda the point.

No I referenced and clarified the logic and data of others from the thread and clarified that there is less basis for concluding with great confidence that the number of users is greater than 1 million (an account is not a user for the reasons I stated in the linked post).

The likely number of users was 1 million or below based on the data I quoted in the linked post. The original figure used was 488,000 Coinbase accounts. I have posted your claim and some analysis to that thread.

Unlike yourself, I didn't claim to know of any relationship between any particular claims and the real number of bitcoin users.  I honestly don't know if there are more or less than 1 Million users.  I mentioned it to highlight your lack of evidence.  Referencing the logic and "data" of others, who don't have any evidience of their own, doesn't constitute evidence either.  You do this a lot, make grand arguments that you cannot support.  I'm surprised you're not either a lawyer, a politician or a preacher.
148  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: February 21, 2014, 12:12:19 AM
And dammit I miss Atlas!

He was a character.  Don't assume his actor isn't still here.

is your ron paul avatar stuck there since we can't add avatars right now, or are you still repping Ron Paul? Smiley

Mostly lazyness.  In another year I'll change it to a Rand Paul 2016 avatar.  I've met Rand, but not his father.  Really nice guy, and taller than he looks on tv.  I've also met Dennis Kucinich, who is also a fine fellow, but is much shorter than he appears on tv.

In fact, I've shaken the hands of several current and former politicos.  Not all of them struck me as fine people.  Have you ever had the feeling, upon meeting someone for the first time, of this strange sensation that you would be wise to never be in the presence of this person without witnesses?  I most certainly have, and most of the time this was when I was meeting either a politican for the first time, or a violent convict. One such person is the current US representative in my own district.  He gave me the creeps.
149  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: February 20, 2014, 10:28:46 PM
And dammit I miss Atlas!

He was a character.  Don't assume his actor isn't still here.
150  Other / Politics & Society / Re: US health care mandate (Obamacare) on: February 20, 2014, 04:52:41 AM
I'm not from US, but all I heard about Obama is that he is socialist trying to please people by forcing on them laws they do not want. Obamacare is prime example of that.

There was lots of rooms for improvements for the US healthcare. I believe he wanted his name to be much more than just "the first black US president". The story about his mom suffering, dying at the hospital.. Or was it his grand mother? All of that touching, creating a frame for his story about how this is what needed to be done, no matter what, etc.

Well now do you know how many people got fired because of the frustration, the mistakes of implementing obamacare? None. The company that built the website positioned itself as being the best solution to fix the very website they could not built. How much money did it cost to built this monster? How come no one seems to care about cost any more? I am not even going to mention how a Harvard law US president believes he can act as a dictator regarding what laws should be pushed away or not, delayed or not. He is telling all future presidents how to act like him and, of course, how to dissolve all of his executive decisions.

Now we all know what's in it.
http://www.youtube.com/watch?v=1Mw3DqpfR14

I find the concept of an Obama Presidential Library interesting, because the records would have to all be off limits, and the public areas filled with lies.

Don't you mean that the reference section would be classified and the rest of the library would just be fiction?
151  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 20, 2014, 02:47:52 AM

Appears the number of Bitcoin users is still below 1 million.


Funny how no one metions that you referenced your own opinions about the numbers of users.  Coinbase alone has almost 1 million accounts, not addresses.  Truthfully, we can't know how many users there are, which is kinda the point.
152  Other / Politics & Society / Re: Mass Obamacare Exchange Chief Breaks Down In Tears Describing Train Wreck ... on: February 19, 2014, 11:22:18 PM

Are you even going to try to substantiate that claim? Stop being so fundamentalist - both socialism and (classic) capitalism are political philosophies designed to increase people's quality of life.

This is provablely not true.  Karl Marx is credited with inventing the term "capitalism" and providing the basic definition, "Private ownership of the means of production".  While this traditional form of property rights trends towards a particular line of political thought, even Marx didn't mark capitalism as a political philosophy.  That was one of the core problems with it that he stated, as it wasn't really a political plan, and instead simply a default state of a society.  He viewed this default state to be less than optimal, and that applying some social enginnering to the economic system would result in reduced poverty.  However, Karl Marx was far from an economic theorist, and completely missed the most important issues.  First off, defining capitalism and socialism as he did doesn't alter the nature of the society; for there were publicly owned corporations within England during the Industrial Revolution (the society that he based his observations upon) and we've seen that private possession (the more important distinction) of the means of production (capital) cannot be designed out of any society, even an ideal socialist one.  A corporation is, by design, a socialist business hierarchy, since the means of production is owned collectively by the shareholders, yet the shareholders do not have possession of the means of production, the employees of the corporation do.  While the shareholders can also be employees, even being a member of both 'classes' of people does not entitle an individual to make any business decision alone about any particular piece of corporate property.  The root meaning of "ownership" is that the "owner" of that property gets to decide what is done with said property; be it land plowed up to plant corn or built upon, a car that can be rented out or not, or a toy that can be thrown away; whoever can make that decision is the owner.  In practice, a corporation has no owner, and only the regulation that pertains to that industry has the ultimate say about what becomes of the corporate property.  So in the end, corporations, as products of the state, are also owned by the state.  Rail against the corporate "capitalism" that you see all around you, but the fact is that what you see isn't capitalism even as Karl Marx defined it, it's just another accidental form of socialism.
153  Bitcoin / Development & Technical Discussion / Re: New Digital CB "band" for cryptosystems, i.e. offline bitcoin transactions on: February 19, 2014, 10:53:13 PM
What would be the expected use cases ? To be able to transmit transactions in areas where you cannot get any cell signal ?
Like buying some goods from a traveler in remote mountains ?

That would be a use case, but certainly not the only one.

Quote
Let's say I want to pay with bitcoins, I build the transaction and broadcast it to the network using my portable CB.
How will a node acknowledge and prove to me the transaction has been correctly transmitted to the Bitcoin network ?

That would require a back channel, if you needed to know.  Such a back channel could be a datacast stream from a DRM station (if you're patient) or an alternative service, such as Iridium Burst.

Quote
Without non taintable proof, I cannot finish the transaction and take the good.

Not with a full client, no.  The white paper does describe a 'light' style client with a reduced security model that could do offline transactions with limitations.  For example, the device would need to be able to communicate with the other light client, which is one use case of my proposal.  Additionally, the light client would need occasional access to a gateway node, in order to update it's wallet.dat; otherwise it would eventually run out of spendable inputs.

Quote

I like very much the idea of backup channels, to be able to use cryptos even if govt shut down the cell towers etc.

It's not really intended as a 'fallback' method.  It's intended as a primary communications method between portable, hardware based light clients; i.e. the kind that are not simply an app on a smartphone.  Additionally, it's intended as an efficient & mostly automatic digital communications mode.  Imagine if you had a device that could send and receive texts to/from people that you have already met IRL to a distance of 5+ miles radius in a single hop, but could also use multi-hop methods to cross a moderate sized city.  Without any kind of ongoing licesnsing or service fees.  A pocket sized device that is a cross between a texting FRS radio and a hardware wallet, that may or may not have a cell service data plan of it's own.  There are other use cases for a 'slow mesh' as well.
154  Bitcoin / Development & Technical Discussion / Re: New Digital CB "band" for cryptosystems, i.e. offline bitcoin transactions on: February 19, 2014, 10:08:38 PM
The filing isn't quite done, but I have the frequency allocation proposal finished.  It's filling number with the FCC is 0158-EX-PL-2014, if anyone is interested.  I filed it as an experimental license application, because there really wasn't a better method.  The FCC doesn't have a method for suggesting completely new ideas.

I'm thinking of calling it a "slow mesh" until I have a better name for it.  Any ideas?
155  Bitcoin / Development & Technical Discussion / Re: [Stratum] Overlay network protocol over Bitcoin on: February 18, 2014, 07:37:19 PM
They expect us to reverse engineer python source code

Consider it a trial by fire.  If you can't figure it out, they don't want your help.
156  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: February 18, 2014, 07:29:46 PM
Yes it is, but there is really nothing you can do about that, I can't stop a war or overthrow a government.
When the war stops or the government stops the mismanagement these countries will get on their feet more or less automatically.


Automaticly, but not immediately.
157  Bitcoin / Development & Technical Discussion / Re: New Digital CB "band" for cryptosystems, i.e. offline bitcoin transactions on: February 18, 2014, 07:54:56 AM
bump
158  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: February 17, 2014, 06:59:04 PM
You belong to the wealthy elite as long as the bitcoin price stays at these levels but have you considered the fact that the system has techinical problems and therefore cannot be used for currency.

That's a strange statement, since I've been using as currency for four years.
159  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: February 17, 2014, 03:44:08 PM


When all that is destroyed, BTC can perhaps store 25% of value, which is 100T at current prices and would be 8M per bitcoin in purchasing power. (I would use 5 million to be on the safe side)

There is also a significant difference in the practical maximum amount of velocity between the current credit based financial systems and what Bitcoin can maintain.  Assuming that the transaction volume issues can be solved or worked around, bitcoin can turn over it's entire currency base every hour.  The US dollar credit system, for example; while transactions can be completed nearly instantly (like Visa) the final settlement of those transactions still require weeks on average.  Furhermore, velocity is limited in the private realm as well, since there is a delay of about a week from the time an employee earns his wages to the time he can receive, deposit and cancel his paycheck.  The net effect of higher velocity is similar to inflation, so not as much bitcoin would be required to service the world's transaction needs as is present in the fiat currency totals.  Keep in mind, that although the employee is unlikely to get paid more often than weekly, if Walmart was accepting bitcoins at the registers and paying their employees as well, it's entirely plausible that the employee who gets paid in bitcoin today for last week's work will still be getting paid out of bitcoins spent at the register the same day as his payday, gathered up automaticly from registers across the world.
160  Bitcoin / Bitcoin Discussion / Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws) on: February 16, 2014, 03:40:05 AM
From private message (I do speak behind the scenes with those who disagree with me):

Quote
And besides all of that, I have long ago pointed out that Bitcoin is modular by nature.  If any of the alt coins come up with a superior system, Bitcoin could simply adapt to that new feature if there is a general consensus that said feature was truly superior.  Bitcoin isn't static, in short, and your analysis of problems all assume that there isn't an intellectual response by the userbase.  Perhaps it comes down to faith, but if you don't have any, why are you trying so hard?  Peter Schiff has no faith in Bitcoin, but nor is he here.

In the Adam Beck interview he says that drastic changes can not be made to Bitcoin until they've been heavily tested by an altcoin, because the risk to Bitcoin of an error is far too great. But by the time they've been heavily tested in altcoin, it is very possible for that altcoin to have established itself.


Addressing only this point.  This is Adam Beck's perspective on this only.  He is likely correct, but if the alt-coin killer feature is obvious after implementation, Bitcoiners will quickly choose to either migrate to the new coin (selling their stake in Bitcoin, and therefore losing interest in the outcome) or advocate for the change to be completed quickly.  Or both at the same time.  In the long run, it doesn't really matter which is true, or whether or not Bitcoin remains the cryptocurrency of choice.
Pages: « 1 2 3 4 5 6 7 [8] 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 ... 368 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!