Im not sure i agree actually i still find it neutral and just technology. If a political system did shift to say libertarian the word libertarian changes meaning.
Satoshi would disagree with you: "[Bitcoin is] very attractive to the libertarian viewpoint if we can explain it properly. I'm better with code than with words though." - Satoshi Nakamoto His personal politics are inconsequential however, its the design of the protocol that matters and its effects upon society. If Bitcoin was indeed manipulated by governments to become more politically controllable than you have essentially just forked Bitcoin and created an alt. If Bitcoin is changed from its originally design specifications at a fundamental level than we can hardly call it Bitcoin anymore and doing so is an act of manipulative propaganda. Satoshi's statement there gives us no information other than what we already know: Bitcoin is attractive to libertarians. |
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This is really cool.
How does everyone distribute the new seed parts? Do you write them down and hide them in difference places? Or encrypt them and put them on different cloud storage servers or something?
You have different options. First, to avoid fire risks or thief risk, you must hide them in different places. you could hide one in your house, one in your parent's house and one at work, with a threshold of two. If you want, you could write it down on a paper and hide the paper, but you could also hide them in a book, just by adding a dot near the 15 words in the text of the book, in the order you find them. You could make a qrcode with the 15 words, print it on a sticker and stick it to the back of a book or something else, noone will notice it, even if it not hidden. You could write an email with the 15 words hidden in white on white and send this email to yourself. Make sure you use double authentication for your mail. Your imagination is your friend. I have plans to add functionalities : 1. get the first address of the electrum wallet without the need of electrum 2. paperwallet, with one share and its qrcode, and first address and its qrcode I need time to do that, and i won't have any during august. Maybe september. Awesome, thanks! Those are some really good ideas too. |
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I know at least one person who's mined or currently mines XMR with a botnet. I'm not saying that XMR is infested with botnets or making any other claims. But I've seen quite a few people outright dismissing the idea of botnets mining XMR and that's just incredibly naive.
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This is really cool.
How does everyone distribute the new seed parts? Do you write them down and hide them in difference places? Or encrypt them and put them on different cloud storage servers or something?
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Bitcoin as a protocol is indifferent what your political beliefs are, but is designed by anarchists for anarchist purposes.
That's reaching a bit. All the research that Bitcoin was based upon was not necessarily done by anarchists. Wanting to make 'fair money' doesn't automatically translate in to anarchism. |
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They have openly stated that they don't use bank accounts, so unless there becomes a platform to invest solely with cryptos, it would be really difficult to set this up...
Wow! Talk about sticking to your principles, haha. I'm surprised that they're willing to go that far considering they're a fairly prominent company. I wonder how many other Bitcoin related companies deal solely in Bitcoin. |
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These blockchain.info phishing sites are popping up like weeds.
They seem to work because I keep hearing about people who don't use 2FA getting their accounts cleared out.
People who use blockchain.info for their wallet need to be extra careful about security.
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yeah ever since I got involved with bitcoins... my ideology is slowly changing from
being pro socialism to pro libertarianism...
I now feel happy and liberated when I think about the pleasures of personal wealth..
are you having such changes?
Please elaborate, why your opinions have changed! I think this is highly interesting. I guess it's more often the other way around that people change from libertarianism to some at least somewhat left stance, because they realize that the world just doesn't work when everyone is just trying to work for his own well being at the cost of others'. Also that this is not what we - as a society - want. Right. In my experience Bitcoin is more likely to change people's perspective away from anarchy/libertarianism after they experience a taste of that reality. |
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You can see the large spikes in production cost corresponding to difficulty hikes. This would explain why big miners are jumping on and off the network It should average itself out more or less though I think. Glad to see the big miners not sticking around ... yesterday; one worker in xHash.net took half the network and almost completely stopped the mningpool.co from finding blocks. Makes it harder for the rest of us. Yeah I saw that guy too. Pretty amazing amount of hash they were pointing! I think I remember it being around 1.2GH. |
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You can see the large spikes in production cost corresponding to difficulty hikes. This would explain why big miners are jumping on and off the network It should average itself out more or less though I think. |
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Thinking that the average person is ever going to be able to profitably mine a CPU only coin seems like wishful thinking.
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yea, as others have said better then i could, this is not a real problem.
though it sure will be nice when (hopefully) difficulty levels out somewhat...
How is it not a real problem? 10 minute blocks are one of the problems to be solved in Bitcoin. If it wasn't a problem there wouldn't be so many people thinking of solutions. It's clearly a problem. The question is how big of a problem is it? Is it enough to slow down adoption? Will there be solutions found or implemented? Or is it just a minor annoyance that doesn't matter in the modern financial world? the people thinking of and trying solutions is exactly why it's not a "real" problem. key word there - real. it's an issue that's being actively solved and in my personal experience hasn't been an issue at all, honestly. and i've spent a lot of coin... bought giftcards via the gyft app regularly and get them instantly, without waiting for confirms, for example. My experience has been quite a bit different. Sure there have been many easy transactions where my money was accepted instantly or near instantly. But I've lost count of how many 20 minute-1 hour++ delays I've had to sit at the computer watching blockchain.info waiting for the next block or two. There are POS which can accept instant payments. They have methods to check and migrate double spending attacks. For example connecting to a well connected node, a typical double spend attempt and be detected within minutes. Also, you can have third party wallet services which helps you to hold your BTC and you can do offline transactions to the merchants through that service. For example Coinbase. Yes, when I buy something from a service that uses Coinbase or BitPay the transaction is fine. But otherwise it's generally not a great experience. |
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yea, as others have said better then i could, this is not a real problem.
though it sure will be nice when (hopefully) difficulty levels out somewhat...
How is it not a real problem? 10 minute blocks are one of the problems to be solved in Bitcoin. If it wasn't a problem there wouldn't be so many people thinking of solutions. It's clearly a problem. The question is how big of a problem is it? Is it enough to slow down adoption? Will there be solutions found or implemented? Or is it just a minor annoyance that doesn't matter in the modern financial world? the people thinking of and trying solutions is exactly why it's not a "real" problem. key word there - real. it's an issue that's being actively solved and in my personal experience hasn't been an issue at all, honestly. and i've spent a lot of coin... bought giftcards via the gyft app regularly and get them instantly, without waiting for confirms, for example. My experience has been quite a bit different. Sure there have been many easy transactions where my money was accepted instantly or near instantly. But I've lost count of how many 20 minute-1 hour++ delays I've had to sit at the computer watching blockchain.info waiting for the next block or two. |
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Do you consider localbitcoins decentralised?
Obviously no, since there's a centralized server (running in hetzner.de the last time I checked out) and there's a centralized reputation system which provides "trust" (running in the same server). Person to Person btc exchange is a nice a idea, but needs proper decentralization. Hopefully Mr. Malmi will sort that out soon: https://github.com/identifi/identifiThen we will have true P2P exchanges... LBC provides a centralized feedback system, but users should really only use this for determining how likely it is that someone will show up to a trade. The same with listings. When dealing with users via LBC, you should take the same precautions regardless of their feedback. It would be very difficult to create a marketplace that is truly decentralized in all aspects. I guess it's also centralised escrow. P2P but centralised I guess is how you would define it. A truly decentralised localbitcoins would be interesting. How the escrow would be handled would be an issue though I think. If Stellar is anything like Ripple it will be more like being able to move funds from gateway to gateway. Not really anything like what I just mentioned unfortunately. |
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Haha, I don't blame the Trezor people by being a bit offended when being compared to BFL.  I think that was a bit of a low blow, no? I think it looks like an excellent product. Something I would love to have when the cost of production comes down and it's mass produced cheaply. |
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I've never been a fan of that new style Bitcoin logo with the dash on the lower part of the B.
The classic one is not amazing or anything, but it's superior to the other one.
The new symbol has a lot of sketchy private interests trying to push for its use as well from what I've read on here and reddit.
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What is the fully diluted market cap at present?
(18.4 billion * coin price)
It's 1.84 billion total. Half mined after 10 years. I don't feel including the 2nd half is important, but understand you may be thinking very long-term. BTC0.0000668 * 1840000000 XCN = BTC122,912Okay even if we include the 10 years only, BTC60k sounds a little steep, about the price of Monero. Yes, the price is more than a little steep. The market understands the potential of XCN and, as with Monero, places a premium on such disruptive innovation's unholy amounts of potential. XMR and XCN are the Napa Cab and Chard of altcoins (Bitcoin being First Growth Bordeaux). You want the quality, you gotta pay for it. Otherwise, stick with PlonkCoins. Remember, AnonyMint says XCN's mini-blockchains are the best tech which may scale to Visa levels available. So that's two (albeit related) Holy Grails for XCN: 1) ultimate prunability and 2) ultimate scalability. XCN is not in competition with XMR. They are complementary, as each is the best of class on their own side of the public/private money divide. Tailored sales pitch for rpietila: 1) Start with some hyperbolic upside talk. 2) Wine comparisons.(nice, someone knows his customer  ) 3) Obligatory AnonyMint reference. 4) Make sure not to step on any XMR toes while making it clear that both currencies are the best thing since sliced bread. Even if rpietila doesn't buy any XCN I think he should offer you a job as Head of Sales at Malla. |
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I was under the impression that Bitcoin would be the answer for sending micro payments over the Internet, but that is apparently not the case at all. With a .0001 BTC required transaction fee for all transactions under .01 BTC, that amounts to a 6% transaction fee (at today's exchange rates) for a $1 USD transaction. And that equates to a 12% fee for a $.50 USD transaction. These fees are significantly higher than credit card fees, Paypal fees, Western Union fees, and even foreign exchange rate fees. A few days ago, I didn't realize any of this information (i.e. the required fees), so I tried to send $1 worth of BTC to a friend WITHOUT a transaction fee to show him how "amazing" this new technology is. Turns out to be not very amazing at all, because the transaction never confirmed because of the lack of the transaction fee. Worst of all, there seems to be nothing I can do about it... I can't even add the 6% fee to it now, in order to get it confirmed!  I used the BitWallet app on iOS to send the transaction, and the hash of the transaction is: c238d939b330b682abe1c729300636600254c23c67e1eea4e8daa9abc26dd2c5 So now the transaction is in a permanent limbo state that can't be resolved, and I have effectively paid a 100% transaction fee because the money is in limbo. Is there anything I can do to rebroadcast this transaction with the appropriate fee, so it actually confirms? Bitcoin is horrible for microtransactions unfortunately. And it's only going to get worse over time with the blocksize cap of only 1MB. Bitcoin itself is heading towards being a store of value while other centralised systems are built on top of it. |
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Are you sure it's the same user? Seems a little different from that other guy.
I agree with you. This is not the same MO at all as that guy. That guy was all BITCOIN ALGORITHM and talking about SOL ADONI's millions. |
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