|
I don't understand. One of the main points of Bitcoin is decentralization, but contributing to a pool allows for a 51% attack, even when the network grows bigger. Also, you pay a fee to be a part of the pool.
So if you help maintain network security AND make more money by solo mining, why in the heck are you in a pool?
Is it for variance reduction (i.e. smaller more frequent payments)?
If that's the case, why has the entire community not switched over to the p2pool?
I don't get it. I'm not a miner though.
|
|
|
|
At first I thought this was 100% bad.
But maybe not. If it's a bunch of wallets together lots of people have incentive to keep the file available, sort of anyway...
But I wouldn't count on it and it seems better to put it in more reliable storage.
Now if you could make the wallets not-easily-separable from some desirable content you'd probably be golden but it hardly seems like the most efficient way.
Is it possible to embed an encrypted file in the header of a movie file? |
|
|
|
|
I actually like this idea. It seems intuitively awful at first, but the more I think about it, the more I like it.
|
|
|
|
|
Dude, the article didn't center on Bruce. They interviewed him and used his photo to fill space. And it was a really really good article, AND it mentioned Bruce's fraud. Don't get your panties in such a bunch. It was a good article, and good for bitcoin. (And as an aside, I like Bruce! So nyeh!!)
|
|
|
|
This concept allows SolidCoin to be protected against 51% mining attacks, in fact, even if 99% of the network is malicious, they cannot do anything but slightly delay the rate transactions are accepted. I know a group of people in New York who would say that if 99% have no power, it's not really a fair system. |
|
|
|
|
Wow, I go on vacation for a week and come back to see this mess! On the one hand, fuck RS or CH or whoever the fuck it is that's doing this, but I've also been very happy to see the innovative fast response and reasonable client changes as a result. Thanks for all the hard work coblee, litecoins rock!
|
|
|
|
|
Ahh, I didn't see that when I hit deposit, using any of the options listed, it just brings up the cashier page with my deposit address shown. Wow, this client is spiffy, you guys did a terrific job. (BTW, I haven't forgotten about the interview for 2+2 -- I've just been busy, and they didn't sound super excited about it.)
|
|
|
|
|
I just downloaded this new client and it looks like it works reasonably well. But it also looks like you are only operating in dollars--what happened to bitcoins!? (And if you are using dollars, could you find a way to accept ukash..??)
|
|
|
|
It's like you people don't live in the real world or something.
What happens when the soda monopoly starts buying up the substitutes, running ad campaigns saying their substitutes are poisoned, etc?
How low do you think the barrier of entry for "electricity generation" is? Building and buying up solar panels and generators? Oh yeah, I've got spare parts for a turbine in my garage and several thousand dollars on hand for solar panels and batteries.
Cable TV? Really? What about companies like Comcast who have local monopolies all over the US? Do you think some entrepreneur will think to themselves "There might be some money here in starting my own ISP. Since Comcast won't let me use their network without paying, I better have a lot of cash upfront to lay my own fiber and install networking gear, plus enough extra money left over to absorb lots of losses when I have to sell my service at a loss when the previous monopoly tries to leverage their existing infrastructure and capital to price me out of the market,"
Sorry, won't happen. Business doesn't work that way. Fantasy world. (Plus satellite, DSL/FIOS, web over electrical wires, wifi mesh, cell/4G network) Say what!? Yes they do! Is this a troll joke or something? |
|
|
|
In the many discussions about state v.s. free market on this forum, the one thing I keep running across is people claiming how if someone establishes a monopoly in a libertarian society, then everyone else in that market is screwed. Their reasoning is that anyone else trying to enter the field will get kicked out by the established monopoly. Recent example was oil companies ( https://bitcointalk.org/index.php?topic=47747.msg568485#msg568485), where the claim is that starting your own oil company is now impossible, because established oil companies now have too much control over oil. The mistake I keep seeing over and over and over (and over and over) is that people seem to think there is only one way to destroy a monopoly, which is to create a more competitive business in the same market. There are actually two ways: Outcompete the monopoly in their own market OR SUBSTITUTIONSIf a company has a monopoly on ALL soda (Coke, Sprite, 7-UP, etc) and prices go up too high, people substitute with drinking milk or juice. If a company has a monopoly on all operating systems, people can substitute with built-in application platforms, like running Google Docs or Chrome apps on PCs regardless of the OS installed. If a company has a monopoly on electricity (common, with public utilities being only options for running wires), people substitute by reducing power usage, buying generators, or using their own solar and wind generators. If a company has a monopoly on cable TV, people substitute by buying satelite, or buying internet, only, and streaming TV through Hulu/Netflix. If a company has a monopoly on oil, people can substitute by switching to natural gas, ethanol, or electric. There once were monopolies on trains, typewriters, telephones, televisions, and a slew of other stuff, much of which we don't even use anymore. They were all killed by substitutions. So, next time you want to bring up a point about how a monopoly you are thinking of is entrenched and can not be replaced by someone else selling the same stuff, PLEASE stop, remember the word " substitution," think, and see if there is anything else that people can use in place of that monopoly's product. I've argued against the free market because my research has lead me to find many examples of its failings, but in all honestly I really really want to have my mind changed and see it work, because if it does work, it would be the best most efficient system. I just don't know that it can. But I really enjoyed that PDF you posted for me on the other thread, and I will be scouring the forum for your other posts. I think I can learn a lot from you, and I will eagerly await your refutations of any points I may make arguing against you. |
|
|
|
|
You guys know they don't pay taxes because they're fucking broke right?
|
|
|
|
Can somebody else tell me if they're getting a "key not valid" error? I have Gavin's key and GPG is telling me the following message sig is bad: Did you lsign his key first? Ah, right, I'm an idiot. |
|
|
|
|
Finally got mine, about 16 hours after I requested it on the site.
|
|
|
|
Yes, if you steal a double digit percentage of the total bitcoins in existence, and then create a massive botnet capable of performing a 51% attack, you could effectively control Bitcoin... my first two thoughts are "duh" and "wat" followed by "duh" and "duuuhhhh" and "who cares".
This wasn't about Bitcoin. Maybe I'm just having a brain fart or maybe I'm just stupid, but could you explain it to me like I'm a child then, so I can understand what (or who) your point was? |
|
|
|
|
By "destroy the market" I meant aggressively go after people who view CP to such an extent that many who would try to get it are now afraid to. I was countering my own opinion from the previous sentence.
|
|
|
|
Wow that's actually well thought out and relevant! Kudos! Give me a day or two to read it and think about my response, but I will get back to you on this. Thanks for a very useful contribution. Ok, I've read it, and I have two main comments. The first one is that it mentions then glosses over and doesn't refute my claim about reducing variance to be important. I'm a poker player, and all good gamblers understand expectation and playing for the long term, but my strategy would change if I was only playing one hand my entire life and could not ever play another. Understand that the free market "long term" is too far away to even come close to approaching expectation within a few generations of people, let alone one. My second response, is that the author cites the sources for his opinion to be simply the opinion of other economists. Given that there are a lot of economists that disagree, and many historical examples of monopolies causing the problems I mentioned in my post above (and other posts in the politics forums), I can't simply take his word as fact. Economics is not nearly as hard a science as medicine (.... but there's no reason for that other than lack of data, because as I mentioned above the long term is so long... Eventually this argument will be settled very simply with data. [And if I'm wrong, I'm wrong.]) Still though, that was a very concise and pleasurable read, and I'm very happy to have such a well-formed view of free markets at hand. Thanks. |
|
|
|
Can somebody else tell me if they're getting a "key not valid" error? I have Gavin's key and GPG is telling me the following message sig is bad: -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
25c3ec9683d62235afea24d4a147d4616d8a884f bitcoin-0.4.0-linux.tar.gz
a800d9fa4aa61527e598708f4ace7f855c22a46b bitcoin-0.4.0-macosx.dmg
1d2c8d82ede5e8aa9f83b59da07e443de89c5c8f bitcoin-0.4.0-src.tar.gz
ecf1304ff467bd30dc668b3dadff3044c3c86df1 bitcoin-0.4.0-win32-setup.exe
6034efe23e4bd76b0860f633e81710cd66d499db bitcoin-0.4.0-win32.zip
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.9 (Darwin)
iEYEARECAAYFAk58n20ACgkQdYgkL74406ibEACgzyZj86lsQORi5HTs/N3ABCes
Pg8AoKFXU1vxiZI9qZOQ5ZET60ewcynW
=sY+Q
-----END PGP SIGNATURE-----
|
|
|
|
|
Waiting over an hour here. Started to freak out before I saw these threads. I thought I sent up red flags or something because I used a different address than I normally do and did it from a different IP address. But nope, just slow..... I had to reneg on a transaction with a guy because I didn't have the bitcoins. Fucking awesome.
|
|
|
|
|
The sha1 checksum file, is a SIGNED message from Gavin's PGP key, which lists the hashes of the files. Assuming, you know how to get the hash of a file, that's just as good as a sig file in terms of ensuring the integrity of the package. (Although, I keep getting a "signature NOT valid" error when I verify the pgp message that is the checksum file, which is a bit disconcerting.)
|
|
|
|
Wow that's actually well thought out and relevant! Kudos! Give me a day or two to read it and think about my response, but I will get back to you on this. Thanks for a very useful contribution. |
|
|
|
|
Show Posts
