Laugh it up. It's great sport to make fun of America.....until you need us.
What would I need (US)America for? Simple. Maintain peace and order in world. lol Your are talking about the country that invades other countries for their oil. |
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Laugh it up. It's great sport to make fun of America.....until you need us.
What would I need (US)America for? |
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There is nothing complex about using bitcoin. Install a wallet on your phone and just use it.
Sure, the technology behind it is complex, but a end-user don't has to understand it, they also don't understand the technology behind the banking system and still can use it.
Most of the time when somebody points out a "weakness" of Bitcoin, I just think: "You know, that you have the same problem within the fiat system?"
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There is no deflation in Japan. Furthermore Japan is one of the richest countries with one of the highest life expectancies in the world.  Ok, you obviously don't know much. Japan had a deflation. Money printing isn't the only factor in that. I am really amazed, that so much people in the bitcoin world don't know that. Really, educate yourself before spreading bullshit. Look it up here(e.g. 2010): http://www.tradingeconomics.com/japan/inflation-cpi |
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There is no way, to know, how a private key was generated. That is just not possible. Unless we are using your favorite tool: magic.
First, a quote on magic: "Any sufficiently advanced technology is indistinguishable from magic." So, let's start with what we know: - The number of freely and easily available software packages that will generate a key for you - The release dates of these - The number of hardware devices that will do the same - The release dates of these - The number of total unique bitcoin addresses at each of the dates above From that, I think we can establish a lower and an upper bound... and make a real good guess so as to the vulnerability of each wallet. Which is, in my opinion, better than that bad guy in "The Matrix"'s favourite tool: Ignorance. So, how do you calculate the amount of private keys from people who role dices to make them. How do you count the people who let their cat run over their keyboard to generate it? There are a lot of possibilities to create private keys, without even software. Your last point is just stupid: Used Bitcoin addresses and generated private keys are just not the same thing. So, yes you can collect some data, and make a guess, but it wouldn't be a good one. |
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Do you know, who would really benefit from such a thing:
People who don't participate.
So, some idiots are destroying their wealth to raise the Bitcoin Price? K, I just sit here on my Bitcoins and wait for that.
Most people still spend more bitcoin than they hold thus they will need to work to get more bitcoin. If you have bitcoin you don't need to spend yes you will benefit with some money supply with a velocity zero. However, eventually you will want to spend them or lose them when you have a heart attack. Exactly, so the people, who already have a lot of bitcoins and just sit on them and dump them when the price is high enough, benefit the most. The people who want to spend them lose. Such a project, would just encourage the wrong behavior. They don't lose because they benefit from the time they obtain the bitcoin and the time they spend the bitcoin. That is the hidden inflation tax. Even if you only hold the bitcoin a day over a lifetime those bitpennies add up. I would think many of the early adopters that made millions off bitcoin would consider deleting some, it would make their other coins rise and jump start and add excitement to bitcoin again. I am not really an expert on economics, but even I know, that deflation is a bad thing. Ask Japan. I already mentioned it before, but maybe i wasn't clear enough: Why buy something today with bitcoins, when you can buy twice as much, with the same amount of bitcoins in a week? |
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So, you want a secure system where nobody needs any kind of password/private key? Good luck with that.
There are already tons of projects out there do create private keys far away from the internet.
That would help somewhat. So are you collecting statistics or metrics on how many keys were generated in this way? I know I'm not. And I know somebody is, and that that information is both powerful and useful. So what I'm saying is that it would probably be a good idea to make that information part of the protocol. What do you think? Can you think of any other such information that might be useful? There is no way, to know, how a private key was generated. That is just not possible. Unless we are using your favorite tool: magic. |
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Do you know, who would really benefit from such a thing:
People who don't participate.
So, some idiots are destroying their wealth to raise the Bitcoin Price? K, I just sit here on my Bitcoins and wait for that.
Most people still spend more bitcoin than they hold thus they will need to work to get more bitcoin. If you have bitcoin you don't need to spend yes you will benefit with some money supply with a velocity zero. However, eventually you will want to spend them or lose them when you have a heart attack. Exactly, so the people, who already have a lot of bitcoins and just sit on them and dump them when the price is high enough, benefit the most. The people who want to spend them lose. Such a project, would just encourage the wrong behavior. |
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I say, if you can get access to all private keys, by individually hacking every machine on the world, than you don't need a 51% attack or anything else. You already control the network.
But that doesn't have anything to do, with a weakness of the Bitcoin Network. Getting your twitter password stolen from your trojan infestested PC is also not a weakness of Twitter.
Correct. But if Twitter could guard against that, it would benefit from it. So what I'm saying is that because of how Bitcoin works, it would be even easier for Bitcoin to guard against non-Bitcoin problems, than for Twitter - because Bitcoin can get those protections built into it much easier due to the nature of its community. My gripe is with knowing that people have thought of this, a lot, but to day very few have published any of their research. Many have gone on to create alternate cryptocurrencies, rather than waste their time discussing their ideals with the Bitcoin community. Bitcoin has a lot going for it... So, if you come across something addressing this, or someone, motivate them to spend time on it, to study it, and to publish their research or insights where the community can have easy access to it... So, you want a secure system where nobody needs any kind of password/private key? Good luck with that. There are already tons of projects out there do create private keys far away from the internet. |
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Do you know, who would really benefit from such a thing:
People who don't participate.
So, some idiots are destroying their wealth to raise the Bitcoin Price? K, I just sit here on my Bitcoins and wait for that.
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Being able to "attack" a system because you have a password/private key and really attacking it, are 2 complete separate things. If you are too stupid to understand that, than I can not help you.
Your scenarios are based on "I have infiltrated everything. I have even magically infiltrated you air-gap machines". If you could really do that, why bother with bitcoins? Just get access to all nuclear silos and threaten to bomb everyone.
So are you saying that it is impossible to combine 2 or more attack strategies in a giant onslaught? You do raise a valid premise: Will a global currency system have any practical use in a post apocalyptic global scenario? Eg. global economic collapse, global police state, global nuclear winter, world wide killer virus outbreak, giant asteroid impact, sentient computers, etc...? Perhaps not. But if it would, then the question is simple: What can we do now, to maximize its utility both today and at such a point in the future? I say, if you can get access to all private keys, by individually hacking every machine on the world, than you don't need a 51% attack or anything else. You already control the network. But that doesn't have anything to do, with a weakness of the Bitcoin Network. Getting your twitter password stolen from your trojan infestested PC is also not a weakness of Twitter. |
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If someone cracked the hash algorithm, or found a cheaper way to compute it, they'd make a lot of money, difficulty would go to the moon, but the rate of Bitcoin creation would not increase. Just like when ASICs came in.
Think way beyond that... if you can. For lack of a better example: my gripe is that this is a bit like Windows 98 security: You can set a login password and it gets encrypted satisfactorily... but to bypass the login password, you simply needed to press ESC at the right time. So, you think, if you press the right buttons, you don't need to sign a transaction with your private key? That exactly shows, that you have no idea what you are talking about. Not at all. "For lack of a better example" <- Did you see that, what did you think it means? Almost like "pressing the right buttons" - I can transact using your wallet because I stole your private key the moment you generated it, so I can sign any transaction with your key. (The NSA is my side project)... I'm still accumulating keys. (And metadata on others, which is almost as good as the real thing, consdering the amount of computing power I commad...) How many keys do you think I have, by now? See... you have no clue. I also have backdoors installed at all the major exchanges and wallet services and I'm best friends with their cold wallet keyholders and know all about their routine, protocols and families... Oh, I almost forgot, I also have a backdoor in everyone running a client or server compiled from the github code, ready to fire it up when they send their next packet to another node... (LOL that code has been in there since v4, and nobody has spotted it yet) Also, I have a virtually unlimited budget, and have just been doing this "for fun"... you know, just in case you tried something funny, just because "Uncle Bob" told me to keep an eye on you. So I'm keeping my finger on the trigger. If I press ENTER, everyone who co-operated with me gets filthy rich... and Bitcoin dies. (But if I do it now, something else will just take its place... just...have...to...wait..a...little...longer.... then nobody will trust crypto ever again. Yes! Like communism.) You still have a chance to stop me... You have nothing, no numbers, nothing, except a poor excuse: "Hey man, SHA256 is really good. Look it up. We're safe." ...Do you know how many people I talked to? Do you know how many keys I have? Do you know how much of the network I control? Do you know my endgame? Do you want to see what a hostile takeover of the world's biggest crypto currency looks like, before you believe that it's possible? Being able to "attack" a system because you have a password/private key and really attacking it, are 2 complete separate things. If you are too stupid to understand that, than I can not help you. Your scenarios are based on "I have infiltrated everything. I have even magically infiltrated you air-gap machines". If you could really do that, why bother with bitcoins? Just get access to all nuclear silos and threaten to bomb everyone. |
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If someone cracked the hash algorithm, or found a cheaper way to compute it, they'd make a lot of money, difficulty would go to the moon, but the rate of Bitcoin creation would not increase. Just like when ASICs came in.
Think way beyond that... if you can. For lack of a better example: my gripe is that this is a bit like Windows 98 security: You can set a login password and it gets encrypted satisfactorily... but to bypass the login password, you simply needed to press ESC at the right time. So, you think, if you press the right buttons, you don't need to sign a transaction with your private key? That exactly shows, that you have no idea what you are talking about. |
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ok. if so is not good for us because we can never see the source code.... if i understand well no?  No, its completely ope source and will remain so. The source code is on github. He meant, that somebody could make a clone that isn't open source anymore, as far as he understood MIT-license. |
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Fuck ISIS, that's all there is to say really, I say we should donate Bitcoin to the PKK so they can have more resources to fight them, the fact though that even ISIS refuses to use the dollar says something lol.
That's the Kurdistan Worker's Party for you uninformed individuals, they're allies of the Kurdish government and fight against ISIS and Turkey.
This reminds me of something I heard somewhere once: If the fascists hold a demonstration and the communists hold a counterdemonstration, you shouldn't pick a side. You should hope for a meteor strike. PS: I read the OP as being a joke. I seriously doubt anyone here is hoping ISIS takes up bitcoin.I also thought, this thread would give me some good laugh, but then everybody starting talking dead serious  |
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This thread looked interesting at first, but it became obvious, that the OP is either a troll or an idiot.
Thanks to all the people, who gave great answers here.
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You put far too much focus on governments. Is this how things are taught these days, government needs to allow everything first in order for us to be able to do it?
We are all born free, able to do what we want. It is government that steps in and prevents us from doing certain things. Not the other way around.
I wasn't trying to put to much emphasis on governments. I was only trying to learn more about how bitcoin received it's permission to be able to exchange it into a nations currency. I mean lets be honest, if the government wanted to shut down bitcoin tomorrow they could. They might not be able to shut down the exchanging of a paintings value exchanging hands between two people but they certainly can shut down a virtual currencies method of exchanging it into there currency. Isn't that what Russia is doing or has done? They can't shut it down. They can make it illegal, sure, but that is by far not the same as shutting it down. The question is how they make it illegal. It's not like they can just pass a law and say it is illegal. That's not how laws work, since somebody could challenge that law and say it is e.g. against the human right of free speech to forbid bitcoins and a supreme court would just invalid the law. Countries like Russian are a whole other story. If governments made it illegal, then they can impose penalties and laws to enforce it. This could mean jail time, fines, etc. Its illegal to buy and sell crack cocaine but people still do it and when they get caught they receive a penalty. Exactly my point: Crack trade is illegal but by far not shutdown. |
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You put far too much focus on governments. Is this how things are taught these days, government needs to allow everything first in order for us to be able to do it?
We are all born free, able to do what we want. It is government that steps in and prevents us from doing certain things. Not the other way around.
I wasn't trying to put to much emphasis on governments. I was only trying to learn more about how bitcoin received it's permission to be able to exchange it into a nations currency. I mean lets be honest, if the government wanted to shut down bitcoin tomorrow they could. They might not be able to shut down the exchanging of a paintings value exchanging hands between two people but they certainly can shut down a virtual currencies method of exchanging it into there currency. Isn't that what Russia is doing or has done? They can't shut it down. They can make it illegal, sure, but that is by far not the same as shutting it down. The question is how they make it illegal. It's not like they can just pass a law and say it is illegal. That's not how laws work, since somebody could challenge that law and say it is e.g. against the human right of free speech to forbid bitcoins and a supreme court would just invalid the law. Countries like Russian are a whole other story. |
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Stimmt, das hatte ich ganz vergessen. Laut Roger Ver hat Kobuyashi einen Stundensatz von 800 USD. Hinzu kommt noch, dass sie Tibanne 100.000 USD pro Monat zahlen, damit sie die Bitcoins verwalten.
Für was man nicht alles bezahlt werden kann ... |
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