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261  Bitcoin / Bitcoin Discussion / Re: Do you really think governments will allow a 500 billion dollar crypto-economy? on: December 31, 2013, 05:42:38 AM
That's the whole POINT of bitcoin.  Once the network gets big enough, they won't have the *ability* to decide to "allow" it or not.  They don't "allow" pirating or The Pirate Bay, and of course nobody pirates any more and the Pirate Bay website has been shut down for good.

This is a fundamental fallacy shared by many bitcoiners. Governments can easily 'not allow' bitcoin (for all intents and purposes) by simply passing a new law saying any ISP relaying bitcoin related traffic will be shut down.

That move alone vastly reduces the number of miners and nodes probably to the point where a 51% attack becomes easy, and the currency crumbles.

Don't get me wrong, I'm extremely positive about bitcoin but you have to understand how vunerable it is.

Cheers, Paul.

it's trivially easy to route bitcoin and mining through a proxy.  the reduction would be from the people who don't want to "risk" disobeying the government-- it would NOT be a technological barrier.  of course that reduction would reduce the network hashrate, and probably a price crash, but given that bitcoiners are by and large a freedom loving ideologically driven group, i dont think the reduction would be as great as i think you think it would be.
262  Bitcoin / Bitcoin Discussion / Re: Do you really think governments will allow a 500 billion dollar crypto-economy? on: December 29, 2013, 06:26:25 PM
That's the whole POINT of bitcoin.  Once the network gets big enough, they won't have the *ability* to decide to "allow" it or not.  They don't "allow" pirating or The Pirate Bay, and of course nobody pirates any more and the Pirate Bay website has been shut down for good.
263  Alternate cryptocurrencies / Altcoin Discussion / Re: no to zerocoin on: December 29, 2013, 06:21:51 PM
We are back to square one again with the zerocoin movement and silk road coming back. We started gaining legitimacy and now going backwards.

The fact that you think privacy/anonymity and voluntary trade between people are "illegitimate" is quite offensive.
264  Bitcoin / Bitcoin Discussion / Re: The Biggest Flaw with Bitcoin that Could Crash the Entire System on: December 27, 2013, 12:00:39 PM
You should be very happy to keep seeing Ghash.io on blockchain.info.  What you should be scared about is when you suddenly STOP seeing them and block times drop down to 5 minutes for a few days.  *That's* when you worry they might be mining a side-chain for a 51% attack.
265  Economy / Gambling / Re: SealsWithClubs.eu | Largest Bitcoin Poker Site | No Banking | Fast Cashouts on: December 27, 2013, 11:58:37 AM
Just making sure ST6 is aware of this:

http://pastebin.com/hzxEPkQ8

Also, password security can be improved by just using like the 100th round sha1 hash.  Bam now it's 100x more difficult to dictionary/brute force passwords.  Sha1 is a fine alg, it's just "fast" to compute, so you want to make it take more time for a brute force attack, by doing multiple iterations of it.
266  Bitcoin / Bitcoin Discussion / Re: Would you store all your wealth in BTC? on: December 22, 2013, 05:06:50 AM
I'm also in the all-in-bitcoin, living cheaply, planning retirement camp.
267  Economy / Exchanges / Re: BTC-E.com exchange Bitcoin, Litecoin, Namecoin <-> USD\BTC (fee 0.2%) on: December 20, 2013, 01:57:03 AM
BTC-E WHY YOU NO HAVE DOGE
268  Bitcoin / Bitcoin Discussion / Re: Bitcoin is FINISHED, it was amusing but now it's dead. on: December 11, 2013, 03:02:25 AM
1 bitcoin for $1500 worthless USD.  I trade in person worthless USD cash-in-hand only.  I'll bring the bitcoin on my phone, scan a QR code you provide me, and wait around for 2 confirmations.  Meeting takes place entirely in public highly populated place.  Offer good for 24 hours.
269  Bitcoin / Bitcoin Discussion / Re: will high value wallets eventually be targeted and cracked? on: December 11, 2013, 02:59:33 AM
Far more likely you're going to start seeing doxing of the people behind the addresses, and house break-ins and black-bag techniques to capture wallet passwords being typed in via hidden camera after breaking in and imaging the hard drive or something.  Or breaking in and stealing the paper wallets.  That's waaaaayyyy easier than just trying to brute force keys.
270  Bitcoin / Bitcoin Discussion / Re: Illuminati JPM Chase makes move to kill BTC on: December 11, 2013, 02:57:50 AM
If only there was some kind of uncounterfeitable distributed ledger that could prove that bitcoin came first...
271  Bitcoin / Bitcoin Discussion / Re: How long until BTC gambling sides are shut down? on: December 11, 2013, 02:57:09 AM
Then they move to an onion site and resume.
272  Economy / Economics / Re: Close any accounts you have with JP Morgan Chase ASAP on: December 11, 2013, 02:56:18 AM
So?  We can prove bitcoin was first.
273  Bitcoin / Bitcoin Discussion / Alex Winter needs our help! on: December 08, 2013, 08:49:10 AM
Although he's done many things, Alex Winter is probably best known for being Bill S. Preston, Esq. in the Bill & Ted movies.

Currently, he's a documentary filmmaker and a techie.  His previous movie, Downloaded, about the rise and fall of Napster, and the new file sharing technology, was really really good.  And he's now making a documentary called Deep Web: The Untold Story of Bitcoin and The Silk Road.

Even if you don't want Bitcoin and SR linked together, you can be sure this doc will be really good and really well done, and fair to bitcoin.  He's a bitcoin supporter, and even if you don't want to donate to the kickstarter, he takes bitcoin donations via coinbase.  (Link found on the downloaded twitter account, and there's a link to donate much more.)

The kickstarter is over half way done and the donations are not even half way there.  Let's help Alex Winter out!



Deepweb Kickstarter

Downloaded Homepage (watch it for free there)

Alex Winter Twitter (the only place I've found to message him that he's regularly active on)


274  Bitcoin / Bitcoin Discussion / Re: Cracking the Code on: November 28, 2013, 01:19:32 PM
Hey you forgot that > 50% of the mining nodes will be controlled by the attacker.

If you mean non-mining nodes, they have no protocol interaction with creation of coins. Duh!


This is absolutely 100% false.  Non mining nodes still reject invalid blocks, and would thus only download and validate valid blocks.  The 51%er would thus just do the equivilant of create a hard fork which only he can use, while the smaller sub-network would create valid blocks that user clients would accept.  So all of the non-mining lay users still wouldn't even see the invalid blocks, they'd just notice that confirmation times have slowed.
275  Bitcoin / Mining / Re: Miners: Time to deprioritise/filter address reuse! on: November 15, 2013, 11:29:32 PM
I voted for "don't do this".  While we should definitely encourage people to use bitcoin in privacy-friendlier ways, we should not force it upon them.  We should simply make it a default, but still an option.
We've been doing this since Satoshi first released Bitcoin...
The problem now is that unless we force this good behaviour, other interests will start forcing the bad behaviour.

People like vanity addresses.
Great, vanitygen has a -k option just for this!

Donations need single addresses.
No, they don't.

Privacy should come at the CHOICE of the user, not the FORCE of the miners.
Address reuse forces non-privacy on other users.
If everyone is using Bitcoin correctly (ie, no address reuse), people can still choose to publish their transaction log.
That is, address reuse takes away the choice; forbidding it does not.

You know, you make it really hard for me to argue my side when you do nothing but make well-reasoned completely fair points.
276  Bitcoin / Mining / Re: Miners: Time to deprioritise/filter address reuse! on: November 15, 2013, 09:47:21 PM
I voted for "don't do this".  While we should definitely encourage people to use bitcoin in privacy-friendlier ways, we should not force it upon them.  We should simply make it a default, but still an option.  People like vanity addresses.  Donations need single addresses.  If people want to give their privacy away by re=using addresses, we should let them and not de-prioritize them.  Privacy should come at the CHOICE of the user, not the FORCE of the miners.
277  Bitcoin / Bitcoin Discussion / Re: Is there a way to build a wallet generator till you hit the jackpot ? on: November 06, 2013, 09:20:14 AM
brain wallet mining is apparently really profitable.  i guess the majority of people don't realize that the first round hash of "this is a super secure passphrase because it's long" has less entropy than they think it does.
278  Economy / Services / [WTB] Reddit auto-reply script on: November 04, 2013, 12:30:22 AM
I need a script to automatically reply to comment replies from a specific user.  I wrote a little AHK script to do it myself when I'm logged in, but I'd like something I can just run from my desktop (Windows) and it'll do that in the background without me even being aware of it, and something like that is a bit too complicated for me.

This is for a childish trolling feud, so let me be right up front about that.

Please post here or PM me if you can and are willing to write this for me.
279  Other / Politics & Society / Re: Computer Scientists Prove God Exists on: November 03, 2013, 05:36:12 AM
Think beyond our physical universe.  Consciousness has always existed and always will.

This right here is the problem with religious folk.  They have no problems making claims that they understand things they simply don't know and even things they *can't* know.
280  Other / Politics & Society / Re: John McAfee wants to sell you a $100 gadget that blocks the NSA on: November 03, 2013, 05:26:43 AM
So he's building a router with Retroshare as firmware basically.

(Yes, I know that's not firmware, but it seemed a good way to get my thought across.)
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