Bitcoin Forum
February 14, 2016, 03:54:00 AM *
News: Latest stable version of Bitcoin Core: 0.11.2 [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 59 60 61 62 63 64 65 66 67 68 69 70 71 ... 368 »
401  Bitcoin / Bitcoin Discussion / Re: What does the bible say about Bitcoin? on: December 06, 2013, 03:13:52 AM
Steve Jobs thought he was god.  Wink


If that were true, why did he spend so much money and time trying to cure his cancer; rather than willing it out of existance?
402  Economy / Economics / Re: the huge Problem that most people doesn't really understand on: December 06, 2013, 03:11:46 AM
I don't understand what you all propose for these problems? Yes, energy prices are rising, but that's not due to monetary policies so much as it is global demand and increases in federal and state taxation. You think a lot of families can't get into investing because they barely have enough money to make ends meet as it is, but what would happen if we switched to a 100% bitcoin economy? We'd have deflation, and nobody would want to spend any money aside from what they absolutely needed to survive. Companies would stop hiring workers and people would lose their jobs.

There's a whole lot of wrong with this post.  Please spend some time learning about economics and come back. 

You're actually proposing that a deflationary economy... would create jobs?  Roll Eyes OK, I've had my daily dose of comedy for the day. Thanks, guys.

I'm not proposing any such thing.  History is funny that way.

The 6000 years of a "gold standard" is funny history.  Gold is a deflationary currency unit; as it's availability during any given age is limited to that which has been mined out of the ground, but by comparison to population growth across recorded human history, gold is an increasingly scarce commodity.  At some point in human history, we moved from zero jobs to non-zero jobs.  Since this occured well before the rise of inflationary fiat currencies, then the obvious answer must be that the deflationary nature of currencies, at a minimum, does not prevent jobs from being created.  The realtively short history of infaltionary currencies asl tells us that the infaltionary nature of said currencies, at a minimum, doesn't prevent existing jobs from destruction either.

Perhaps, then, the evidence suggesting a relationship between the inflationary/deflationary nature of the common currency and that of the net creation/destruction of jobs is weak.
403  Economy / Economics / Re: the huge Problem that most people doesn't really understand on: December 06, 2013, 02:56:04 AM
I don't understand what you all propose for these problems? Yes, energy prices are rising, but that's not due to monetary policies so much as it is global demand and increases in federal and state taxation. You think a lot of families can't get into investing because they barely have enough money to make ends meet as it is, but what would happen if we switched to a 100% bitcoin economy? We'd have deflation, and nobody would want to spend any money aside from what they absolutely needed to survive. Companies would stop hiring workers and people would lose their jobs.

There's a whole lot of wrong with this post.  Please spend some time learning about economics and come back. 
404  Bitcoin / Bitcoin Discussion / Re: What does the bible say about Bitcoin? on: December 06, 2013, 02:31:30 AM
I have faith that Jesus walked on water. I just kind of figured it was winter.

There is no evidence it was winter.  Roll Eyes

Wouldn't matter.  The Sea of Galliee never freezes.

You analytical fuckers are picking apart a joke. *facepalm*

It's as amusing to myself to dissect your jokes as it is for you to ridicule my belief system.
405  Bitcoin / Bitcoin Discussion / Re: What does the bible say about Bitcoin? on: December 06, 2013, 12:36:54 AM
I have faith that Jesus walked on water. I just kind of figured it was winter.

There is no evidence it was winter.  Roll Eyes
WTF does evidence have to do with fairy tales?

What do you believe in?
406  Bitcoin / Bitcoin Discussion / Re: What does the bible say about Bitcoin? on: December 06, 2013, 12:36:22 AM
I have faith that Jesus walked on water. I just kind of figured it was winter.

There is no evidence it was winter.  Roll Eyes

Wouldn't matter.  The Sea of Galliee never freezes.
407  Economy / Economics / Re: the huge Problem that most people doesn't really understand on: December 06, 2013, 12:32:58 AM
The problem with inflation is that they don't count quality together with price and that they mix the upper, middle and lower classes together in one pot. Statistically everyone seems better off, but in practice reality is showing something different.

Within the US, the deception goes much deeper than that.  For example, the official CPI (Consumer Price Index of inflation) deliberately excludes prices in food or energy; which just happen to be two of the most important things that people around the world really need.  Also, changes in real estate are not directly considered; instead a massaged number called "Owner's Equivilant Rent" is included. 

408  Other / Beginners & Help / Re: Are bitcoins essentially useless in a setting without internet connection? on: December 06, 2013, 12:00:17 AM
In a scenario where trust is not required, can bitcoin be used as a currency without an internet connection?

Yes, but with cavets.

Obviously, one can use paper wallets or Cascious coins like cash, just as others have pointed out, but it's also possible for two clients not connected to the Internet to transact so long as they can connect to one another.

For example, say you have two parties that both have mesh wifi on their smartphones, and bitcoin apps that will let the user do this (presently, as far as I know, no current bitcoin wallet clients would let the user do this).

Adam and Bob meet sometime during TEOTWAWKI, both have working smartphones, neither has any cell service.  Adam has canned goods & bullets for sale, Bob has only bitcoins to offer.  Assuming that Adam actually want's bitcoins due to the future outlook of the Internet, they agree to trade using bitcoins if they can manage it.  So long as the two apps can connect over the mesh wifi connection, Bob's client can create at least one transaction without needing access to the Bitcoin network, and it can send that transaction to Adam's phone.  So long as Adam's phone client has a local copy of the blockchain (or even just the blockchain headers and merkle trees, within risk conditions) it can verifty Bob's transaction as valid.  However, in the absence of Internet access, it's impossible for Adam to verifty that Bob isn't some hacker repeatedly spending the same bitcoins during the crisis.  The risk then is all Adam's.  He may choose to accept the transaction at face value, and forward it to the Bitcoin network at the next opprotunity.

Additionally, transactions can be created in advance that permits such an offline capable client to spend funds many times before it runs out of usable inputs.  It is generally assumed that the Bitcoincard hardware wallet would function in this manner on some level, assuming it's more than vaporware.
http://bitcoincard.org/
409  Bitcoin / Bitcoin Discussion / Re: Riddles - Second edition - Solve them and harvest the loot! on: December 05, 2013, 11:42:01 PM
While I haven't actually cracked any of these riddles, and probally never will (riddles are not my gift), I do get the feeling that I might be a solution.

Not feeling it, do you know something we don't ?  Cool

For the record, I thought the last one was a reference to late at night, and that the answer would be my username.  That's why I thought I might be in there somewhere.

Obviously, I was wrong.
410  Other / Politics & Society / Re: Any other Americans considering a claim against the FBI over SilkRoad? on: December 05, 2013, 11:30:38 PM
Half of me is saying "Do it". I'm most interested in proving in a court you own some bitcoins.
The other half is saying , "Nope" for obvious reason. I'm sure they have some felonies for which they haven't found the criminal you yet.

And that is why I'm wavering....
411  Economy / Economics / Re: the huge Problem that most people doesn't really understand on: December 05, 2013, 09:49:21 PM
I am a noob, but also Bitcoins become more for the next like 100 years (well, after 2020 there is only a few Bitcoins left to mine https://en.bitcoin.it/wiki/File:Total_bitcoins_over_time_graph.png)  - right now 25 Bitcoins every 10 Minutes. That is 3600 Bitcoins per day. That is 3 600 000 (3 million, sixhoundredthousand) new dollars (when 1 BC = 1000 dollars) that have to flow into Bitcoins daily (buying orders) just to keep the current price of a Bitcoin.
How does this compare to how much more dollars are created?

It's pocket change.  The Federal Reserve is creating new US dollars at a rate of $85 Billion per month, or about 2.25 billion per day.  And that is just what they will admit.
412  Other / Beginners & Help / Re: What are some truly anonymous coins out there? on: December 05, 2013, 09:42:30 PM
I wanted to know what coins out there that are truly anonymous.  Three coins come in to mind but are they really anonymous?

Anoncoins
Stablecoins
Zerocoins

I know zerocoins isn't even out yet but it sounds promising.  Stablecoins recently peaked my interest so I was just wondering if there were any more out there.
Thanks!

Zerocoins arent' even an alt-coin, it's a protocol extension to Bitcoin to improve the anonymousness of Bitcoin.  IMHO the claims by other crytocoins to being more anonymous should be suspect, and the most anonymous is to mine Bitcoins independently while providing the miner with a new address from your wallet for each found block.  The coinbase coins are the most anonymous because they don't have a history to 'taint' their anonymousness.
413  Other / Politics & Society / Re: Any other Americans considering a claim against the FBI over SilkRoad? on: December 05, 2013, 09:20:26 PM
The FBI moved the coins.  Either they brute forced the wallet password, timed the arrest when the wallet as unlocked, or DPR gave up the password.  Either way they coins have been sent to private keys controlled by the government.  The block chain is proof of that.  Can't move coins you don't have the private key for.

They've moved the coins that were deposited into the server pool addresses, because that wallet.dat was probably on the server itself.  Last that I heard, the address that the feds assume was the private wallet of DPR had not been moved; and if it had it would be more likely to be proof that they have a fallguy, and that DPR just moved them to make that point clear.  It's hard to access the Internet securely from a jail cell.
Depending on the jail, it's not that hard to get a smartphone with a data plan in, specially if you're loaded.
He's been in a Federal holding jail for most of the time, and the Gmen have been watching him like a hawk for this exact reason.
414  Bitcoin / Bitcoin Discussion / Bitcoin "bumper sticker" mottos on: December 05, 2013, 09:15:45 PM
Let's start a thread for Bitcoin related mottos that one might see on a bumper sticker.  Short and to the point.  Anything that you put here is going to be free to use by anyone who actually does print bumber stickers.  So keep that in mind if you are into keeping your ideas for your personal profit.

I'll start....

Bitcoin: The Revolution Will Not Be Centralized!
415  Bitcoin / Bitcoin Discussion / Re: [OVER] Riddles - Second edition - Solve them and harvest the loot! on: December 05, 2013, 06:58:02 PM
Okay, so what was the solution?
416  Other / Politics & Society / Re: Any other Americans considering a claim against the FBI over SilkRoad? on: December 05, 2013, 06:55:06 PM
The FBI moved the coins.  Either they brute forced the wallet password, timed the arrest when the wallet as unlocked, or DPR gave up the password.  Either way they coins have been sent to private keys controlled by the government.  The block chain is proof of that.  Can't move coins you don't have the private key for.

They've moved the coins that were deposited into the server pool addresses, because that wallet.dat was probably on the server itself.  Last that I heard, the address that the feds assume was the private wallet of DPR had not been moved; and if it had it would be more likely to be proof that they have a fallguy, and that DPR just moved them to make that point clear.  It's hard to access the Internet securely from a jail cell.
417  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: December 05, 2013, 06:51:16 PM

Ahh. Thanks for the background on Atlas. How ironic then that this post has become iconic.

Atlas was a child with a great mind.  He will be truly great one day, but while he was here he mostly aggravated everyone with his inmature worldview and narrow ideology.  He needs to grow up some, but I have no doubt that he has enough of his own bitcoins that he many never want for anything.
418  Other / Beginners & Help / Re: Buying bitcoin is a pain. on: December 05, 2013, 12:33:49 AM
If I want to buy some bitcoin I have to get verified first and link a bank account. It is @#%^ing ridiculous.
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.

Will we ever be able to buy and sell bitcoin easily?

Have you tried localbitcoins.com?
419  Bitcoin / Bitcoin Discussion / Re: What does the bible say about Bitcoin? on: December 04, 2013, 07:10:12 PM
This thread made me realise...
What if the common American discovers bitcoin (i.e. god fearing hypocrites)
Wouldn't they be strongly against it? As it's "un-American"... Fox news will tell them bitcoin is communist or something.

I think that the situation will eventually require some whale to donate some btc to church/media/politicians to let them discover the happiness of watching them growth. It should work great  Smiley


There are already a couple of churches and missions that accept bitcoin donations.  Google is your friend.
420  Bitcoin / Bitcoin Discussion / Re: WHO has the power and how can changes to bitcoin be effected? on: December 04, 2013, 06:26:52 AM
We are the people who have the power to make changes, that power is derived by our choice to run bitcoin clients of a version that we agree with and optionally mine with them.

Neil

ok so it is the miners that have the major control?

If mining goes industrial which seems to be the trend due to cost of equipment and massive increase in difficulty levels the time could come when 90% of mining is in the hands of a select and well capitalized few..does that make sense?

Yes, it does.  It's expected.

Quote

At that point they are effectively in control of bitcoin and can opt to change without discussion simply by all agreeing to run a new version that suits them. Would that be correct?


Yes and no.  Yes they could do it, no it wouldn't be bitcoin anymore.  That would be a 'breaking' change.  Bitcoins would functionally cease to exist.  The price would collapse, and it should.

Quote
Could they change to a version that allows the probable lost wallet coins ( currently estimated at 463,000 coins) to be cancelled and 50% re mined and 50% placed in escrow for future claims on those coins? Or would that be impossible?

Nothing is ever impossible, but it would still be astronomically unlikely.

Quote

Yes I agree its too early to consolidate lost coins Can it actually be done even if we wanted to? ( 10 -15yrs seems reasonable ..if ever it can be done)  but the issue can be discussed with potential solutions

If ther i s aflaw discovered in the address keypari algos, then everyone using bitcoin would migrate to a new address format with a new algo.  Whatever was left after some transitional period would be assumed to be lost coins, and thus salvage.  Perhaps such a flaw could be exploited to permit breaking of the addresses, but that is unlikley.  Such as it is, those lost coins will remain lost for well beyond our natural lifetimes.
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 59 60 61 62 63 64 65 66 67 68 69 70 71 ... 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!