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822
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Bitcoin / Bitcoin Discussion / Re: XBC > BTC
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on: April 18, 2013, 07:33:13 PM
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No. The naming system is a tacit endorsement of the idea that something issued by a government is more official then something that is not. We should not voluntarily put ourselves in the X subbasement.
I agree, but I think Matthew is probably right about the fact that when Bitcoin gets noticed and standardized, it will probably get an X. But we are free people, and can call it what we want! Maybe we should give Bitcoin a 4-character currency code, since it is bigger and better than any currency that came before.  |
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823
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Alternate cryptocurrencies / Altcoin Discussion / Re: 10,000 BBQCoin for sale
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on: April 18, 2013, 05:30:37 PM
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Are your fingers TOO clean? Do you miss the smell of a spicy sauce when you open your wallet? Are you looking for something with more Flavor? If so you need BBQCoin, the cryptocurrency good enough to eat! Best sales copy for a virtual good, ever. Now I'm hungry... |
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824
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Other / Politics & Society / Re: I love Bitcoin, How does Bitcoin make you feel?
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on: April 18, 2013, 05:22:28 PM
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I think a wise guy once said "the love of money is the root of all evil" .... but yes it is a fascinating, yet powerful force (like splitting atoms).
That's a biblical reference, actually. It's a(n incorrect) paraphrase of something Paul said. A more accurate reference would be, "The love of money is the cause of all kinds of evil." It was not a condemnation of wealth, let that be clear. Lol, and what is the root of money? |
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827
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Alternate cryptocurrencies / Altcoin Discussion / Re: Serious Bitcoin vulnerability found!
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on: April 18, 2013, 03:10:28 PM
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99% of new coins launched are made from single reason - to make their developers and early adopters as much money as possible and as fast as possible. In my opinion, you have to have psychic or have supernatural abilities to be able to tell why somebody did something, unless they reveal their motivations. And in my opinion, it's also irrelevant. If launching an altcoin actually makes somebody money, than that is proof that launching the altcoin was good for the market. If the altcoin made money for its creator, then it must have also profited somebody else. Otherwise, there is no way to make money with an altcoin. Maybe I should try my hand at launching an altcoin, if it's really that profitable... |
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828
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Alternate cryptocurrencies / Altcoin Discussion / Re: Serious Bitcoin vulnerability found!
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on: April 18, 2013, 02:23:21 PM
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Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary. I'm going to really LOL if somebody posts their resume. Shoot, maybe I should post mine. I could do this job, and it wouldn't really damage Bitcoin, and if I could convince a government to pay me to do it, I could buy Bitcoins with the proceeds. |
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831
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Alternate cryptocurrencies / Altcoin Discussion / Re: [BTC|TRC|BTE|BQC|LTC] RBCex: Exchange Terracoin, Bytecoin, and Litecoin
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on: April 18, 2013, 01:37:57 PM
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any interest in making this an actual web app instead of google doc?
Yes, I intend to, but I don't want to make any announcements until I actually have some real progress to report. At this stage really all I have is API design. When I say I want to be your trusted intermediary for altcoins, I mean it, and having a good API and website is where I want to take this. RBCex is the first exchange that takes BQC, which is kind of fun to brag about, but it'll mean a lot more when RBCex is a lot less manual! For now, every trade helps me gather data that I'll be using when I build the API and website. |
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832
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Alternate cryptocurrencies / Altcoin Discussion / Re: Serious Bitcoin vulnerability found!
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on: April 18, 2013, 01:34:54 PM
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Quick, governments of the world. Bitcoin is a serious threat to your monopoly of the world currency system, and you need to take it down. I am certain it is on your radar, but you probably haven't decided what to do with it, yet.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
I am picking up on the sarcasm...  Yes, for those who didn't get the memo, I'm not serious. What I want to say, in serious and non-sarcastic terms is: altcoins don't damage Bitcoin, and you can prove this to yourself by thinking through what would happen if millions of altcoin systems were released. Now, that doesn't prove that altcoins are fantastic and profitable. I happen to think some of them are, or may prove to be. |
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833
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Alternate cryptocurrencies / Altcoin Discussion / Serious Bitcoin vulnerability found!
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on: April 18, 2013, 01:21:12 PM
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Quick, governments of the world. Bitcoin is a serious threat to your monopoly of the world currency system, and you need to take it down. I am certain it is on your radar, but you probably haven't decided what to do with it, yet.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
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835
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Alternate cryptocurrencies / Altcoin Discussion / Re: Selling 3,200 BQC
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on: April 17, 2013, 09:09:06 PM
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I thought the whole idea of BQC was that it's a fun, low-difficulty alt to screw around with. I think one purpose of exchanging BQC is to let people know that even if they create the coin, they can't dictate what owners do with it. If people want to use it for commerce, they can, and will. It's a good coin, quite suitable for commerce, and I believe it will see some use. |
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836
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Alternate cryptocurrencies / Altcoin Discussion / Re: Stop cloning scamcoins!
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on: April 17, 2013, 09:07:34 PM
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It sabotages all cryptocurrencies Those other currencies have a pretty serious vulnerability if they can be taken down in this way. (I would disagree that they are sabotaged at all. Bitcoin's value until recently was on a continuous upswing, and it didn't crash due to proliferation of alternative cryptocurrencies.) |
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838
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Alternate cryptocurrencies / Altcoin Discussion / Re: The focus seems to be on faster confirmations, any benefits in slowing it down?
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on: April 17, 2013, 05:47:30 PM
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If I understand things correctly slower chains means more security, faster chains means faster confirmations.
So does that mean that a single confirmation on BTC is as secure as 4 confirmations on LTC? I have yet to see a real mathematical analysis of the security per confirmation for the altcoins. A lot of times people seem to assume that if blocks are twice as fast, then 6 confirmations will come twice as fast, and you're good. But they seem to leave out the fact that in order to make those confirmations twice as fast, the difficulty had to be dropped a lot. |
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840
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Other / Politics & Society / Re: This is the thread where you discuss free market, americans and libertarianism
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on: April 17, 2013, 04:43:05 AM
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Yet Americans and many others strongly desire this 'freedom'. It must be a very scarce commodity. From the outside it seems clear that the US government is just a side-effect of its people and their attitudes. I'm quite confused: a dominating, murdering, immoral empire is a side-effect of libertarian attitudes? Or are you making the case that Americans are not libertarian (because I could believe that.0 Until you find a way to explain how the state is not the focal point of systematic violence, I don't want to hear it. Nothing else matters if this point is not touched.
In the US' case it's probably way past the point of no return, and there might be some kind of economic collapse, war, civil war, states breaking away etc. It could be sudden, or maybe the country will continue to get ransacked for a few more years (everyone gradually bails; last one turn out the lights plz). But in general, I'd say governments are a reflection of society, and if society is able to look in the mirror, it should be possible to keep the admin side reasonably honest and sane. I suspect there are also game theory arguments as to why large country-sized crowds would tend to evolve in ways that always result in some kind of government-like structure, but that only explains why governments seem unavoidable. You left Mike's quoted point untouched. |
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