I don't think this analogy really works that well. The utility of email, the internet, and cell phones is a no-brainer - they all allowed people to do things easily that they couldn't do before they existed. We can already move money around quite easily and there aren't a lot of roadblocks in the modern world to saving, protecting, and spending money. It's more expensive than it should be, but people are generally able to do everything they like with money so no one is clamoring for a new, better way. In fact, in the age of computer hackers getting into most everything, no one wants to worry about having all of their wealth stored on a hackable device. They want it in a bank and insured.
3rd world countries are obviously a different story, but for the modern world Bitcoin just isn't providing that much utility that doesn't already exist.
HAHAHAHAHA. I'll ask some people from zimbabwe and cyprus about this advice.... |
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I actually don't believe that bitcoin is going to gain widespread adoption. I don't expect everyone to get a wallet. At least, not in its current version. The majority of people don't want to know what finance is. They don't care how their bank account works so long as it does. They don't care how money gets from point A to point B so long as it does. Therefore, mass adoption will mean no one actually knows that they are relying on Bitcoin.
Bitcoin will only have world adoption when the current financial system collapses. Then people will look for a robust alternative. Problem -> reaction -> solution |
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Price continues to follow the downward movement from last year, and the "bull run" of the last 5 months is now flat. I predict some major movement happening around 11 june, in 24-48h. Based on what? One. This:  Second. It will sound too much esoteric to most of you, but mercury finish retrograding tomorrow. The hobbist astrologers know what it means. I´m going long. Good luck! Can you tell me what those colored lines mean?Nevermind, I already found out |
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Bitcoin Chart (as of June 4, 2015)   Gold Chart You are right. This is a picture of a tweet I made 2 months ago:  |
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So, I thought it might be fun if people shared their predictions of how they think the price will move over the next three years in a graphical format. You can take the image below and open it in paint or whatever and add your squiggly line to the end of it. You can add your thoughts along with your image as well if you like, but it's not mandatory. I think it might be interesting to see what kind of action people are expecting to see if there is any trend in expectations. http://imgur.com/1f1sD5FHere is my prediction, but I don't have much in the way of technical analysis. I am just a newbie and this is my instinct's best guess. http://imgur.com/GZeZhjMEDIT: Well that's no good. I guess newbies can't post images. I've left the links there, maybe someone could repost the images so that they can be displayed in the post below. *tuts Look up logarithmic scale |
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I want to see more of this. Stress the shit out of bitcoin. Please, give it all you can. It's like an engine maxing out on it's RPM for hours and is still running perfectly fine afterwards. |
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Well, there goes my dream  lol But I'll probably let those ports running as an exit anyway. Thanks for the info. You will still be a tor node, and that will help the tor network. running exit nodes are a hassle since some sites block tor users from browsing their site. once you run a exit node, you will be flagged by a list of database and it is easy for webowners to flag your IPs. True, and that's why I decided to be an exit for bitcoin only. I won't get the exit flag for that and my exit traffic will not easily be abused. It's honestly sad. I have went to quite a few computer security conferences. Even listened to some of the TOR team speak. They had a great idea to help out people, and was about everyone having equal access to the internet in an anomyous fashion. If a country or isp blocking a legitmate site then it's goal was to allow access. But slowly in my opinion it degraded. The amount of bad traffic just went up and up, and the network got slower and slower. I have not used it in over a year so it cold have changed. But the being flagged is a real worry with being a exit node. It's still not fast, but it's useable. I do so quite often. I honestly think that tor is a bit like bitcoin---empowering. Some people will use that power for evil, some for good, but overall I see the empowerment as a good thing. I try to support tor but I don't have enough bandwidth myself to actually run a node. Although the idea in the OP of just running bitcoin ports is quite interesting---it got me reading up on the tor docs and whatnot. Thanks OP! You're welcome  Like I said, I run tor on a very low end machine. Therefore it's running linaro linux. One downside is that I can't install a recent version of bitcoin because there is no pre compiled version for linaro. For the moment I lack the skills to compile it myself and be sure it works good. Otherwise I would have ran a hidden bitcoin node, something which is even more needed than a bitcoin exit node in my opinion. So, if you're really interested in tor and bitcoin you could consider to run this instead. Bitcoin also consumes not so much bandwidth. |
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I say.. bring it, he should dump all the BTC he has. Why not?
Because Greg has probably done 10x more for Bitcoin than everyone in this thread combined. So why shouldnt he dump his coin to get a return on his investment? I dont really understand your argument. Because bitcoin is not about investments. It's about rainbows and unicorns. |
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Increasing the block size is the most simple change, lightning network and side chain just sounds too complicated to be easily maintained, raised level of complexity is the worst enemy for long term sustainability
In my opinion this is the only real argument for bigger blocksize. But the market will decide if it's really true. Just wait, it'll solve out of itself. |
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Well, there goes my dream lol But I'll probably let those ports running as an exit anyway. Thanks for the info. You will still be a tor node, and that will help the tor network. running exit nodes are a hassle since some sites block tor users from browsing their site. once you run a exit node, you will be flagged by a list of database and it is easy for webowners to flag your IPs. True, and that's why I decided to be an exit for bitcoin only. I won't get the exit flag for that and my exit traffic will not easily be abused. |
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I'm not too clear on the use case for that, because if I want to send a transaction anonymously, can't I just use a tor http connection to broadcast the transaction on, say, blockchain.info's public api?
Probably you could, but life is all about choices ;-) bc.i is a centralised service, bound to disappear at some point in the (maybe distant) future. We shouldn't rely on centralised services, as convenient as they may be. Better to sendrawtransaction to your nearest onion node. And mainly I'm running these ports as an exit because I hope to get marked as an exit node
In order to be eligible for the Exit flag, you need to be an exit for at least 2 ports among 80, 443 and 6667. You're not going to get Exit by being an exit for bitcoin only. This doesn't mean, though, that your exit ports will remain unused. It only means that clients won't be preemptively opening circuits through your node—they will only do when 8333 is requested, and your node is chosen among the possible alternatives. Well, there goes my dream lol But I'll probably let those ports running as an exit anyway. Thanks for the info. |
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I got it now. Your goal is that if someone wants to use bitcoin over TOR, they can exit at your node. You aren't running bitcoin on this computer, you're just allowing traffic to exit.
Yep, that's it. I think I understand now and sorry for the confusion. No probs, could have been my non native english style of writing ;-) I'm not too clear on the use case for that, because if I want to send a transaction anonymously, can't I just use a tor http connection to broadcast the transaction on, say, blockchain.info's public api?
Probably you could, but life is all about choices ;-) And mainly I'm running these ports as an exit because I hope to get marked as an exit node (without having much extra risk) and therefor have a chance of collecting more bitcoins because I'm listed at oniontipRunning the node (with a very shitty connection) as a relay for a few months didn't get me *any* satoshis (altough there were donations to others). I hope to increase my chances by getting the exit flag and increasing my bandwidth a bit. Like I said, it running on a spare google TV stick and is consuming a few watts (likely less than 5 watt) I would love to have some satoshis collected this way, only for the fun of it. |
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So I'm running a tor relay node from home for a while and was tempted to be an exit node. You might be familiar with the raid stories from people running an exit node.Now I know port 80 and 443 are popular exit ports, but what would be the risk of running a bitcoin exit node? I already activated my node on 8332-8333 to be an exit but did not have any traffic on it yet afaics. What risk do I take other than possible bandwidth complains from my ISP? I mean, I also have free 2.4 an 5 GHz Wifi enabled on my router (limited bandwidth and no access to LAN) I'm trying to figure out how the two notions are related. Your topic says "bitcoin tor exit node" which I guess means "a bitcoin node and a tor exit node on the same computer". Is that right? Your post (and the first reply to it) seem to be talking about the risks of running a tor exit node. I guess I just can't figure out how running the bitcoin node on the same computer is related (except that it's going to use a lot of memory and bandwidth on that computer). Help me out. It is basically a tor relay node. But the only ports I marked as an exit are 8332 and 8333. You can be an exit for various protocols (ports) but I only chose to be a bitcoin exit node because the risks of being an exit node for ports 80, 443, 25 and a bunch of others. |
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You have the risk of having illegal activity being routed through your node
What traffic can be routed through my node other than bitcoin if I'm only an exit for ports 8332 and 8333? I know, people could try to connect to a webserver listening at 8333 though my node and send threats and do illegal activity, but the chance of a webserver running at 8333 is extremely small. For example, it's not possible to threat someone by email, webmail or forum through my node with standard ports. Am I right? What illegal bitcoin traffic could be routed through my node? You might also have the risk of people trying to attack your computer in order to damage the Tor network. I would advise using a secure OS such as Whonix.
It is running on a google TV stick booted with linaro linux. It's the only thing running on that device. |
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If I'm following this thread correctly, we still don't know which wallet software was used? Is that correct?
Incorrect. We know which wallet it was, it's the same one that has had the same crap PRNG code gmaxwell has been complaining about for years: Blockchain.info Wallet. See post #35 directly above yours. You're sure? I did not see OP say it was blockchain.info wallet. Only someone else who had similar problems which could also be accidentally another wallet. You think other wallets are coded to use exactly the same crap entropy source as Blockchain.info Wallet and generate the same exact private key for 1Bn9ReEocMG1WEW1qYjuDrdFzEFFDCq43F from exactly the same crap entropy source as Blockchain.info Wallet? Uhm,.. No I don't. I think are right if the same public key was used. |
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If I'm following this thread correctly, we still don't know which wallet software was used? Is that correct?
Incorrect. We know which wallet it was, it's the same one that has had the same crap PRNG code gmaxwell has been complaining about for years: Blockchain.info Wallet. See post #35 directly above yours. You're sure? I did not see OP say it was blockchain.info wallet. Only someone else who had similar problems which could also be accidentally another wallet. |
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So I'm running a tor relay node from home for a while and was tempted to be an exit node. You might be familiar with the raid stories from people running an exit node.Now I know port 80 and 443 are popular exit ports, but what would be the risk of running a bitcoin exit node? I already activated my node on 8332-8333 to be an exit but did not have any traffic on it yet afaics. What risk do I take other than possible bandwidth complains from my ISP? I mean, I also have free 2.4 an 5 GHz Wifi enabled on my router (limited bandwidth and no access to LAN) |
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Does anyone have a good pic with a skeleton at a computer. I think that would be a good way to communicate how long it's taking to become part of the wealthy elite.
You mean this? lol  |
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http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months. The world just isn't going to be the same and we have been blessed as the pioneers. What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?And, I am quite surprised that this thread is still going from 2011  This thread will be quoted in 2040 as well. Just like this quote which says it will happen. What the fuck, I might quote myself in 25 years if I'm still alive. Well, then I hope that in 25 years from now you will learn how to quote properly  LOL! Just kidding...... or not Whoops, you're right. Fixed it |
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