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561  Bitcoin / Bitcoin Discussion / Re: TurboTax advertises Bitcoin as a tax dodge! on: July 22, 2011, 03:38:55 PM
Did anyone mention that you do not have to file taxes as long as you do not make over a certain amount? even if you solved 1 block youself, you still would not have made enough to pay any taxes in any state. this also assumes you do not make any money elsewhere.

But the easy solution is to simply "forget" that you made money via bitcoin when the 1st rolls around  Roll Eyes
562  Bitcoin / Bitcoin Discussion / Re: Killer transaction fee on: July 22, 2011, 02:55:57 PM
I think the fees should be around .05% or MABY 1%. if you think about it, if bitcoin does ever take off and houses a trillion dollar economy, think of how much as little as .05% would give you. right now at USD14.00 you make about USD700. if only USD10,000 where done in 1 block, you would make USD500. I would have to guess more than 10,000 are done per 10 minutes. and to insure that we get as many transactions as possible, we should avoid internal bitcoin swapping. don't skip the network, you need to help secure it.
563  Bitcoin / Bitcoin Discussion / Re: [If tx limit is removed] Disturbingly low future difficulty equilibrium on: July 21, 2011, 07:19:58 PM
if bitcoin were the currency in a trillion dollar economy, then the people for a few hours a day should help secure the network they use. at most it would cost each person a few dollars a month, less than what you pay out your ass in fees that visa and friends charge. as a matter of fact, the sheer volume of cpus out there alone far exceeds any means that a company would be able to buy enough gpus. if only 20million cpus were mining at 1mh/s thats close to 20th/s. if on average people only mined 4 hours a day.

according to steam, the most popular gpu is the 9800, most of them have a hash rate at or above 30, the 9800 has ~5% of all steam users.
the 8800, most have over 20, and many over 30
the gtx260 ranges from 40-70
the 5770, at ~4% gets ~200+

lets do some averaging, shall we.

ill throw in some low end gpus to even it out and do less work.

gts150 lower than 5
8800 25
260 50
5770 210
5850 300
5870 450

thats around 173mh/s per person, assuming they do gpu mining so even if only a million people were to mine, that's around 150 th/s

yes the numbers are half assed, but it does give a small taste of the untapped potential of the average consumer computer. the census says that 44million people have computers with internet access. this is with only 1 million people with less than modest machines that would cost 700-1200 usd. thats only 2% people. only 2% of the US population would need to mine to insure that bitcoin is secure against medium sized threats. but yeah it would be nice to have that hash rate number to see how much power you would need to get 50%+
564  Bitcoin / Bitcoin Discussion / Re: [If tx limit is removed] Disturbingly low future difficulty equilibrium on: July 21, 2011, 02:14:52 AM
To help me come up with estimates... What is the limit on the number of transactions bitcoin can process per block (the limit on max block size converted into a count of txns.)

I think the current limit is 1MB (this can easily be raised). The smallest transactions are 258 bytes; while transactions can run over 1KB, especially things like pool payouts. So you're currently looking at an upward limit of around 4,000 transactions in a block.

that can be solved by only paying out when the person has reached a certain amount. they do this now, but if more considerations were taken they would take up even less space.
565  Bitcoin / Bitcoin Discussion / Re: With all due respect, official bitcoin client sucks on: July 20, 2011, 11:28:42 PM
is it really that hard to understand that windows vista/7 is just a more secure piece of software compared to xp? with UAC, as long as you use it right, and don't let every program run, you should easily be able to stop most threats. on xp this simply did not exist and programs would run almost at will if they got any kind of foothold on the system. its pointless to throw stats out for infections because there are millions of different threats, and many types of threats are polymorphic and are never the same, although this still only counts as 1 threat and only defeats some types of security. again, you cant make stats, since its very difficult to even try to do the stats in the first place. the makers of malware make it this way, they will only try to infect 1 time per ip, they can try to detect VMs and sandboxing, and can detect attempts to monitor how botnets are working. malware is literally at the cutting edge of software design, you simply can not just throw stats out.
566  Other / Off-topic / documentary thread on: July 20, 2011, 10:34:05 PM
I was in the mood so i looked for some good documentaries. heres my list of the ones i think are good, you can suggest any good ones you think, but i will mostly focus on economic ones

Economic:
Collapse*
Enron: The Smartest Guys in the Room
I.O.U.S.A.*
The Money Masters

Other:
America: the story of us*
The Bridge
The Century of the Self
Bowling for Columbine*
Modern Marvels**
The Power of Nightmares
Stephen Hawking's Universe
The Trap
What a Way To Go: Life at the End of Empire


*=Netflix streaming
**=series with only some streaming
567  Bitcoin / Bitcoin Technical Support / Re: is it common on: July 20, 2011, 10:10:51 PM
I see most if not all peer connections coming in through port 8333.

Seems like the most used to talking/listening.

I may be wrong, but local port means that's the port they are connecting to me on. and the remote port is the port they are going through on their end.
568  Bitcoin / Bitcoin Discussion / Re: [If tx limit is removed] Disturbingly low future difficulty equilibrium on: July 20, 2011, 09:43:11 AM
I want bitcoin to be a success. But if this tragedy of the commons impedes us to have a block chain without creating new money to reward miners, we still can generate forever and have a fixed monetary base. We can have demurrage instead of fees.


I kind of like that idea, but if too many people decided to save BC, then you would get inflation.

Thank you !!
But I don't get it. If too many people hoard (not exactly the same as save) btc you would have (price) deflation, not inflation.
Am I missing something?
Also, demurrage is an incentive against hoarding.


yes, in the current system if too many people hoard, then the coins are almost automatically considered dead by the community if done for years at a time. then things would cost less btc because there is less of it. im sure a simple algorithm could tell how many coins are "active" based on how many blocks ago they were traded.
569  Other / Off-topic / Re: [video] Ubuntu causes girl to drop out of college on: July 20, 2011, 09:27:41 AM
yes, i think oracle is screwing or should i say fucking things up. id imagine it would be difficult to switch from mysql because so many applications use it in a non modular way.
570  Bitcoin / Bitcoin Discussion / Re: [If tx limit is removed] Disturbingly low future difficulty equilibrium on: July 20, 2011, 09:06:48 AM
It depends on how much an attacker could profit from controlling say 75% of hashing power. I don't know the answer to this. It seems safe to assume that potential profits are proportional to txn volume and/or money supply. We need estimates of the proportions (e.g. 10% of money supply?  1% of money supply 0.1% of money supply? (if it is the last value then a 0.1-1% tax on all sends could be sufficient to secure the network.). If it is much more than this, the future of decentralization looks bleak.

I want bitcoin to be a success. But if this tragedy of the commons impedes us to have a block chain without creating new money to reward miners, we still can generate forever and have a fixed monetary base. We can have demurrage instead of fees.


I kind of like that idea, but if too many people decided to save BC, then you would get inflation.
571  Bitcoin / Bitcoin Technical Support / Re: what minimum PSU would you recommend to run 2x6990's? on: July 20, 2011, 08:34:00 AM
also running a psu over 60-80% will make it loose efficiency.

it may be worth the investment to go 80 plus http://en.wikipedia.org/wiki/80_PLUS, the power saved may pay for itself over the lifetime of the product.
572  Bitcoin / Bitcoin Technical Support / is it common on: July 20, 2011, 08:22:55 AM
is it uncommon for peers to use a port other than 8333?

i ask because i used tcpview and saw that very few did use 8333, only 7 use 8333, i also get 60-70 connections



edit: also peers are connecting to me on ports other than 8333?
573  Other / Off-topic / Re: Drafting a new way of governing on: July 20, 2011, 08:12:51 AM
-The right for the individual to knowingly consume any substance that individual sees fit.

I like it, what about age limits though, i don't think we need 10 year olds getting stoned.

-The right for the individual to knowingly consume any substance that individual sees fit.
-The right for a 16 year or older individual to knowingly and consenting consume any substance that individual sees fit.

Added your idea to the good ideas. Cool
574  Bitcoin / Bitcoin Discussion / Re: With all due respect, official bitcoin client sucks on: July 20, 2011, 08:05:26 AM

If you use an application that deals with money, on Windows, expect to get robbed.

I think that's what he's getting at, and I agree.

I think that statement is pretty bold, and partially incorrect. windows is not just some platform you can magically just infect and get someones wallet. using ad block plus and firefox alone will prevent a good 80% of almost all threats from simply browsing the web, ad on top of the myWOT and you have a good free defense, assuming you browse smart and don't click on obvious stupid stuff. 99% of the time the user must click something to compromise their system. linux suffers from similar flaws, except most linux users are smart. and linux does not allow things to run and such, so most exploits cant get in, and the ones that do, will not run because they were made for windows.

although windows is by no means as secure as a properly configured linux machine, but not to the extent you describe.
575  Bitcoin / Bitcoin Discussion / Re: [BOUNTY] lulzSec secure, private exchange on: July 20, 2011, 06:53:35 AM
LulzSec is nothing more than a bunch of dumb teenagers using entry-level penetration testing tools.
That's simply not true. From what I understand it's basically a free-for-all, so there's bound to be a lot of dumb teenagers, but also smarter (and sometimes older) hacktivists. They all use the name "anonymous" (or lulzsec) so you'd never know. It's a pretty interesting strategy as it allows them to hide in the crowd.

Then again, a lot of "professional" penetration testers also simply fire up their exploit scanner and then charge you big $$$ per hour. So I don't see the problem in letting a hacker group doing it for free Smiley


Lulz Security® is not part of anonymous, just like wikileaks is not part of anonymous. they are all separate entities, although they may have similar goals and ways of working. and anyone who thinks they are simply just some script kiddies, you would have to be wrong in a lot of cases, sure a lot of script kiddy anons exist, but a lot of them are also very good, like the sony hack(s).
576  Bitcoin / Bitcoin Discussion / Re: With all due respect, official bitcoin client sucks on: July 20, 2011, 06:45:34 AM
Refuse to use bitcoin on any version of windows.

Yes, keep telling people that and you'll surely win over the mainstream market!

Windows users are prevalent, which is a fact that has nothing to do with me.

then what were you trying to get by not using the bitcoin client on windows.
577  Other / Off-topic / Re: (almost) free energy presentation for real ? on: July 20, 2011, 06:32:51 AM
it does not defy physics...

are you actually qualified to make that statement?

We said the same thing before the Manhattan project, why is this different, i too am skeptical of the product most of all, but the science behind it is not exactly proven as well. but i am willing to see what they do.
578  Bitcoin / Bitcoin Discussion / Re: [BOUNTY 22 btc] lulzSec secure, private exchange on: July 20, 2011, 05:39:23 AM

Exactly. The edges are where it falls apart. Not sure how to address this.

The issue is addressed via centralization, or simply trading in person in your area, or via mail.

I just don't see your idea working.
579  Other / Off-topic / Re: [video] Ubuntu causes girl to drop out of college on: July 20, 2011, 04:56:30 AM

Really odd though, I would assume the Ubuntu installation would be using DHCP by default unless she too dumb to even select a network to connect to (if using wireless, no password since I doubt she would known enough to set up encryption), or connect the network cable... Shocked


I would imagine most of the problems she is having is having a router that is not configured properly. so it probably is not even Ubuntu or even the laptops fault.

She is probably the type that allows all her neighbors to download kiddy porn through her connection.
580  Other / Off-topic / Re: [video] Ubuntu causes girl to drop out of college on: July 20, 2011, 04:50:25 AM
Can anybody living the US explain what exactly is that Verizon CD supposed to do? I thought those connection setup CD's were only used back in the dial up and early PPTP/ATM days?

Also, doesn't Ubuntu ship with a newer version of OpenOffice and not that 2.7 in the video? Cheesy

All the cd does is set up the settings on your system and instal bloatware/spyware, in reality shes too retarded to set it up herself.
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