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Author Topic: Bitcoin Project will be making a major announcement in September  (Read 53284 times)
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August 16, 2012, 07:18:56 AM
Last edit: September 25, 2012, 07:39:30 AM by hazek
 #1

Anyone here have any idea as to what Gavin was alluding to?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos."

http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust

Second to last paragraph. Multisig?

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August 16, 2012, 09:25:32 AM
 #2

Anyone here have any idea as to what Gavin was alluding to?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos."

http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust

Second to last paragraph. Multisig?



I don't think it is multisig since everyone already knows that is coming.

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August 16, 2012, 09:56:34 AM
 #3

Anyone here have any idea as to what Gavin was alluding to?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said.

jp morgan, the original inventors of "project satoshi" will be taking over the project and acquiring bfl labs (but don't worry, refunding all the funds from pre-sales, .. in dollars though, at the prices quoted when prepayment was sent).


or not.

maybe it has to do with easier double spend detection plus a client that uses leveldb so full nodes are much easier.
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August 16, 2012, 10:01:13 AM
 #4

Bitcoin is going to be regulated as a currency.

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August 16, 2012, 01:29:45 PM
 #5

A worldwide Point of Sale system needing no extra hardware...
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August 16, 2012, 01:36:25 PM
 #6

0.7 release?  With raw transaction capabilities?

The only reason to limit the block size is to subsidize non-Bitcoin currencies
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August 16, 2012, 01:46:15 PM
 #7

NO block reward halving in December and a change of the maximum amount of Bitcoin to 20 Billion

Just like a real central authority would do, Bitcoin's entrance in the real world  Grin
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August 16, 2012, 01:56:21 PM
 #8

NO block reward halving in December and a change of the maximum amount of Bitcoin to 20 Billion

Just like a real central authority would do, Bitcoin's entrance in the real world  Grin

All that would do is remove the developers from being Bitcoin developers. I realize you're probably joking but any newbies reading this thread should know that the developers don't have that kind of unilateral power over the network; miners and full nodes would have to update/migrate their software to accept this change.

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August 16, 2012, 02:01:57 PM
 #9

A worldwide Point of Sale system needing no extra hardware...

Doesn't this already sort of exist? If I owned a convenience store, I'd just have to access my blockchain.info wallet and turn it into a point of sale system, no? I could do it on a laptop, but in a pinch, it would even work with my phone.
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August 16, 2012, 02:09:13 PM
 #10

NO block reward halving in December and a change of the maximum amount of Bitcoin to 20 Billion

Just like a real central authority would do, Bitcoin's entrance in the real world  Grin

All that would do is remove the developers from being Bitcoin developers. I realize you're probably joking but any newbies reading this thread should know that the developers don't have that kind of unilateral power over the network; miners and full nodes would have to update/migrate their software to accept this change.

It was indeed a JOKE

Whatever it is that The Bitcoin Developers will announce it will no doubt bring us one step closer to getting Bitcoin out of the Beta stage !

Can't wait for the day Bitcoin 1.0 is launched Smiley
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August 16, 2012, 02:11:27 PM
 #11

I'm going to guess either a country or bank recognizing it as a currency.
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August 16, 2012, 02:11:38 PM
 #12

0.7 release?  With raw transaction capabilities?
+1

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August 16, 2012, 02:15:04 PM
 #13

A worldwide Point of Sale system needing no extra hardware...

Doesn't this already sort of exist? If I owned a convenience store, I'd just have to access my blockchain.info wallet and turn it into a point of sale system, no? I could do it on a laptop, but in a pinch, it would even work with my phone.
Yes, your right. I think the dream solution would be some software that would run on existing machines like credit card readers.

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August 16, 2012, 02:16:27 PM
 #14

Is this pre-announcement of a major announcement fueling the current rally ?

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August 16, 2012, 03:32:43 PM
 #15

Could be many things! 

1.0 version (most likely)
ASIC unfriendly changes (doubtful but possible)
some major player building in bitcoin support into a popular product
changes to the block reward (the halving)

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August 16, 2012, 03:46:47 PM
 #16

He'll be announcing that his relic collection will be being exhibited at The Guggenheim Museum in New York.

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August 16, 2012, 04:57:02 PM
 #17

A worldwide Point of Sale system needing no extra hardware...

Doesn't this already sort of exist? If I owned a convenience store, I'd just have to access my blockchain.info wallet and turn it into a point of sale system, no? I could do it on a laptop, but in a pinch, it would even work with my phone.

I think I have seen something in another thread somewhere, but as far as getting it adopted, I do not think it has happened.

Software is a mystery to the "un-geeked", so they are not going to to know what those steps are that you mentioned. It needs to be a "one-click" installation, ready to use.
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August 16, 2012, 05:00:05 PM
 #18

Most likely having multisig all finished and vetted for release.

We all know about multisig but it will likely be a significant enough update to warrant an announcement to those who have not been following.

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August 16, 2012, 05:01:02 PM
 #19

When I read the article yesterday, I just assumed it was multisig.
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August 16, 2012, 06:33:42 PM
 #20


My guesses:

1) Gavin is working for the CIA
2) Gavin is working for Goldman Sachs
3) Satoshi's real name will be revealed on the 11 o'clock news.


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August 16, 2012, 06:40:02 PM
 #21

Perhaps adding features that enhance anonymity.

But the article says "should contribute to stability " - does he mean stability of the price? If so, I can't imagine anything he could do to the Bitcoin software that would contribute to price stability. (Short of saying he's going to actively manage the money supply which would never fly.)

But if he's saying it will contribute to the stability of the network or the software - maybe something that will take out the guesswork of transaction fees?

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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August 16, 2012, 06:44:47 PM
 #22

Satoshi will be revealed in September.

Sike.
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August 16, 2012, 06:53:52 PM
 #23

*spoiler alert*

Acquisition of the Bitcoin Project including the core dev team by Microsoft. Taddaaaa!



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August 16, 2012, 06:56:57 PM
 #24

He'll be announcing that his relic collection will be being exhibited at The Guggenheim Museum in New York.

To see where the relic collection is now and where it's going to next, visit http://www.maitreyaproject.org/en/relic/calendar.html
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August 16, 2012, 07:05:31 PM
 #25

The client will be reimplemented from scratch modifying some internal mechanisms 

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August 16, 2012, 07:31:02 PM
 #26

one of this
https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals

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August 16, 2012, 07:35:41 PM
 #27

It has to b something that has to do with his function as head developer of the Standard Client directly. I doubt that it was something like merchant adoption or regulatory announcements.

Isnt there someone among the readers of this post who is familiar with the development process and/or frequently reading the Development subforum??
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August 16, 2012, 07:36:51 PM
 #28

I heard Gavin is coming out of the closet in September!


Sorry Gavin, could not resist.

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August 16, 2012, 07:45:12 PM
 #29

I would bet BTC that it will be regarding multisig.
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August 16, 2012, 08:13:34 PM
 #30

I would bet BTC that it will be regarding multisig.

Go ahead.   Smiley

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August 16, 2012, 08:20:02 PM
 #31

Gavin has been working with the CIA to allow them alert access and they will unveil their 100THz ASIC mining operation.

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August 16, 2012, 08:27:21 PM
 #32

Gavin has been working with the CIA to allow them alert access and they will unveil their 100THz ASIC mining operation.

Something like that.  I hope y'all have a backup plan when something or something decides to pull the plug.  Don't get zhoutonged by the man.
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August 16, 2012, 08:36:45 PM
 #33

I doubt that when Gavin speaks of "stability" (if indeed he did say that, journalists paraphrase), he's speaking of the price per BTC. My guess is he's referring to the network, or to the client, or to the user-friendliness or security of Bitcoin in general. In over a year I've never heard Gavin discussing the price of BTC, why would he start now?
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August 16, 2012, 08:42:58 PM
Last edit: August 16, 2012, 08:53:17 PM by benjamindees
 #34

Lots of people are concerned about the Bitcoin price.  Almost none are concerned about price stability.  I doubt it has anything to do with that.

It's probably multisig.  Gavin seems to view multisig as a security feature to protect against hacks.  Fewer hacks means less bad press and more consistent growth in adoption.

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August 16, 2012, 08:53:56 PM
 #35

Julian Assange will be digitized and smuggled out of the UK in the blockchain?

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August 16, 2012, 08:56:19 PM
 #36

I have no idea what Gavin is talking about, but why would multi-sig or any other known Bitcoin client improvement proposals qualify as a 'major announcement'?  Huh
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August 16, 2012, 09:00:27 PM
 #37

Julian Assange will be digitized and smuggled out of the UK in the blockchain?
I wonder if a decentralised proof of work blockchain could be useful in a future with digitized people to keep everything sane... and then the work could be done BY the digitized people...

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August 16, 2012, 09:06:19 PM
 #38

I have no idea what Gavin is talking about, but why would multi-sig or any other known Bitcoin client improvement proposals qualify as a 'major announcement'?  Huh

Because if a journalist writes "absolutely ordinary announcement" people tend to not pay much attention  Cheesy
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August 16, 2012, 09:56:46 PM
 #39

my guesses:

- Satoshi revealed as purely fictional. This was a 20% project from google that management knew was too disruptive to let continue....but devs knew it was too disruptive to not release.
- experiment is now over....thanks everybody....btc are now convertible to Google Play credits...but no longer mine-able.
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August 16, 2012, 10:48:07 PM
 #40

Stopped reading as soon as they started quoting Micon as a reliable source Roll Eyes

Where did they pull 6.75% from anyway Cheesy

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August 16, 2012, 10:59:05 PM
 #41

I have no idea what Gavin is talking about, but why would multi-sig or any other known Bitcoin client improvement proposals qualify as a 'major announcement'?  Huh

Soon...


sorry, could not resist

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August 16, 2012, 11:15:02 PM
 #42

Perhaps blockchain related improvements? (better pruning, compression, standard client does not have to download the entire chain, etc.)
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August 16, 2012, 11:22:47 PM
 #43

Perhaps blockchain related improvements? (better pruning, compression, standard client does not have to download the entire chain, etc.)

this would be very good news indeed!


i liked this part.
Quote
"I still call Bitcoin ‘experimental,' and still tell people to only invest time or money that they can afford to lose... but every month that goes by both the core system and the supporting infrastructure (exchanges, e-wallets,merchant solutions, storage solutions, etc.) become less experimental and more reliable.

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August 16, 2012, 11:44:45 PM
 #44

It's probably multisig.  Gavin seems to view multisig as a security feature to protect against hacks.  Fewer hacks means less bad press and more consistent growth in adoption.

The single largest problem I see for any reasonable corporation to not adopt Bitcoin is the lack of corporate governance when it comes to private keys and the segregation of duties. There must be proper corporate governance and segregation of duties or the board of directors or management will be liable for breach of fiduciary duty. They will not allow Bitcoin to be accepted if it is going to result in a breach of fiduciary duty. Multi-sig could be implemented in such a way that this hindrance would be completely eliminated.

If Bitcoin can have proper corporate governance and segregation of duty abilities then corporations can adopt it. If corporations can adopt and use Bitcoin then larger capital flows will happen. If larger capital flows happen then there will be greater stability in the price.

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August 16, 2012, 11:56:50 PM
 #45

It's probably multisig.  Gavin seems to view multisig as a security feature to protect against hacks.  Fewer hacks means less bad press and more consistent growth in adoption.

The single largest problem I see for any reasonable corporation to not adopt Bitcoin is the lack of corporate governance when it comes to private keys and the segregation of duties. There must be proper corporate governance and segregation of duties or the board of directors or management will be liable for breach of fiduciary duty. They will not allow Bitcoin to be accepted if it is going to result in a breach of fiduciary duty. Multi-sig could be implemented in such a way that this hindrance would be completely eliminated.

If Bitcoin can have proper corporate governance and segregation of duty abilities then corporations can adopt it. If corporations can adopt and use Bitcoin then larger capital flows will happen. If larger capital flows happen then there will be greater stability in the price.

In the meantime you can use Armory to separate private and public keys.  Armory allows watch-only wallets where transactions can be logged, but not signed until it is signed on the full-wallet.  This allows, for example, you to hire people to process bitcoin transactions without access to the full wallet.

Multisig is waaaaay better though.
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August 17, 2012, 12:11:47 AM
 #46

my guesses:

- Satoshi revealed as purely fictional. This was a 20% project from google that management knew was too disruptive to let continue....but devs knew it was too disruptive to not release.
- experiment is now over....thanks everybody....btc are now convertible to Google Play credits...but no longer mine-able.


Once enough people realize their need of peer-to-peer software like bitcoin and diaspora, they will start demanding it. Ideas are breakproof, with Google or without.
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August 17, 2012, 01:08:09 AM
 #47

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

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August 17, 2012, 01:18:35 AM
 #48

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie

Dang it!  Now I have to read it all carefully again...after finally agreeing with the multisig camp...

At least it's fun though Smiley

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August 17, 2012, 01:19:12 AM
 #49

(Well...some of you were kinda close)
So someone other than Assange is going to be digitized and smuggled out of the UK?
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August 17, 2012, 01:20:41 AM
 #50

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

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August 17, 2012, 01:24:24 AM
 #51

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

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August 17, 2012, 01:25:11 AM
 #52

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie

So you are in on the big secret?  Is that itself a clue?  
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August 17, 2012, 02:14:38 AM
 #53

I know! I know! We're all going to Pattaya!!!!!
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August 17, 2012, 02:16:51 AM
 #54

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...

Hardforks aren't that hard. It’s getting others to use them that's hard.
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August 17, 2012, 02:20:10 AM
 #55

Quote
The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said.

Stability in price? That surely can't be the case whether it's at $10, $15, $20, etc., for down the road, after Bitcoin becomes mainstream, the exchange rate should be in the triple digits due mainly to the volume of people using Bitcoin as a utility.

To maintain a pricing stability, the Bitcoin Project would need to be stifled.

~Bruno~
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August 17, 2012, 02:20:35 AM
 #56

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...


You know there are governments other than the US government, right?
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August 17, 2012, 02:21:08 AM
 #57

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...

... I assume it'd just be "Bitcoins are seen as X" and from then on Bitcoins would have the existing laws of X

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August 17, 2012, 02:25:17 AM
 #58

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...


You know there are governments other than the US government, right?
Uhhh....yes.

Hardforks aren't that hard. It’s getting others to use them that's hard.
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August 17, 2012, 02:30:32 AM
Last edit: August 17, 2012, 03:24:25 AM by Coinoisseur
 #59

Well, I'm comforted that the news sounds positive. Should rule out direct regulation, I would hope.

Hmm, going to put out a guess here. Introduction of multisig to the client and we will see someone launch a licensed bitcoin financial institution with direct client integration. No idea which country it would be based in.

If so I hope client integration will be an open process.

                                                                               
                
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August 17, 2012, 03:46:32 AM
 #60

Greece or some other sovereign nation is adopting Bitcoin as legal tender. Bitcoin will trade on FOREX.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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August 17, 2012, 03:55:15 AM
 #61

the 51% attack is history.
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August 17, 2012, 04:07:39 AM
 #62


You'd think a government would announce something like that. And any change in the law would require an act of congress or the supreme court...I doubt Uncle Sam is ever going to be happy about Bitcoin unless they can control it. Will we see a fork for UncleSamCoins? I doubt that too. Is Uncle Sam gonna allow banks to hold Bitcoin as currency for meeting reserve requirements? I doubt it.

But now I really am curious...


UncleSamCoins is never going to happen unless it is something like MintChip, but that's centralized. There will never be a P2P UncleSamCoins or MintChip. I've said it before, and I'll say it again, the blockchain and the basic rules and operation of the protocol are not going anywhere. There is now over $100 million in the blockchain and protocol. Any major rule changes from Gavin & Co. on Bitcoin.org will probably result in an almost instant forking and mass defection to another client with the current blockchain. It would surely cause chaos initially and would probably cause a big price drop, but it would happen.
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August 17, 2012, 04:27:05 AM
 #63

Maybe it's related to his idea of a bitcoin foundation:
https://bitcointalk.org/index.php?topic=49841.0

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
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August 17, 2012, 04:35:43 AM
 #64

So much fuss and some truly bizarre ideas.
I'm 91.3% sure it's just a formal announcement of multisig. Sure, we know about that coming and have for a while but he's talking about public announcement.

I think in terms of the general public multisig and the finance features that brings with it and the stability that should result from better security are all going to be big. Recall he says it should result in more "stability". So it's not going to be some far fetched of unheard of change.

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August 17, 2012, 04:48:13 AM
 #65

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.
People are still saying multisig... If I was some kind of guy that isn't lazy overhere I would find the old post where it was revealed months ago

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August 17, 2012, 05:38:42 AM
 #66

There will be a government ruling on the legal status of bitcoin is my best guess.

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August 17, 2012, 06:32:43 AM
 #67

I know! I know! We're all going to Pattaya!!!!!

I think it's better than that. Gavin is going to announce that he's related to Marc Andreessen, along with there's going to be a Conehead invasion.

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August 17, 2012, 06:45:17 AM
 #68

Greece or some other sovereign nation is adopting Bitcoin as legal tender. Bitcoin will trade on FOREX.

I bet the Royal Canadian Mint is going to adopt the Bitcoin model for it's e-cash proposal.
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August 17, 2012, 07:38:12 AM
 #69

Greece or some other sovereign nation is adopting Bitcoin as legal tender. Bitcoin will trade on FOREX.

I bet the Royal Canadian Mint is going to adopt the Bitcoin model for it's e-cash proposal.

That is actually not impossible, albeit not probable. And if so, woooh! Smiley


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August 17, 2012, 08:58:16 AM
 #70

Iran and China are pricing their Oil trades in BTC?  Grin

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August 17, 2012, 09:00:12 AM
 #71

Theymos wrote:

Quote
The "big announcement in September" isn't related to code changes.

 - http://www.reddit.com/r/Bitcoin/comments/ycyy9/pledge_if_the_bitcoindbitcoinqt_development_team/c5ugekw


Perhaps some organizational sponsorship or something like that?

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August 17, 2012, 09:15:42 AM
 #72

The market's certainly been moving and this tends to make me think that some people know what's going on behind the scenes.

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August 17, 2012, 09:18:07 AM
 #73

@stephen gornick

Some kind of W3C-like organization to manage BIPs, including Google's sponsorship ?

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August 17, 2012, 09:27:36 AM
 #74

Perhaps some organizational sponsorship or something like that?

That's kind of what I was thinking. Some sort of funding that would allow more people to work full time on the project. Would be nice.

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August 17, 2012, 09:29:33 AM
 #75

Perhaps some organizational sponsorship or something like that?

That's kind of what I was thinking. Some sort of funding that would allow more people to work full time on the project. Would be nice.

Could be the launching of Gavin's Bitcoin Foundation: https://bitcointalk.org/index.php?topic=49841.0

Edit: someone beat me to it above ^^
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August 17, 2012, 09:30:44 AM
 #76

Theymos wrote:

Quote
The "big announcement in September" isn't related to code changes.

 - http://www.reddit.com/r/Bitcoin/comments/ycyy9/pledge_if_the_bitcoindbitcoinqt_development_team/c5ugekw

What should have been obvious since all development decisions are done in a publicly accessible mailing list. This is open source, after all. There should be no "secret development announcement", with the exception of critical bug fixes like that denial-of-service one.
At least that's how I hope things happens... I confess I don't read the mailing list myself.
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August 17, 2012, 10:45:14 AM
 #77

What would stabilize BTC and put it permanently out of reach of government and legal control (where It belongs)?

I think it will be adoption of  BTC as a payment method by a major player!

It would involve Gavin because a responsible company/country would need assurances that the system could cope (it would be worldwide).

The first major player to do it will take 3% on profit margin to its bottom line and give it such a competitive edge it will be unstoppable. 

 It would be a fait accompli-usually used by women but to great effect against credit cards, paypal and bank transfer fees!

All the other options are either known, in progress or not significant enough to affect system dynamics? reg.
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August 17, 2012, 11:59:45 AM
 #78

Kim Dotcom will launch a new file/music/whatever sharing service that uses bitcoin as the currency of choice Cheesy

Iceland will start a trial where they accept tax payments denominated in Bitcoin, just to spite London for harbouring all those convicted criminal bankers.
Both of those would be awesome. Keep dreamin' - though Iceland is small enough that maybe government support and gradual introduction may be feasible as a secondary currency.

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August 17, 2012, 12:15:01 PM
 #79

Iceland don't have a lot of international obligations if I remember rightly, could indeed be a geniune likelihood

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August 17, 2012, 12:42:48 PM
 #80

Bitcoin will start including a built-in default Tor client for connections.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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August 17, 2012, 12:58:15 PM
 #81

Iran and China are pricing their Oil trades in BTC?  Grin

I dig this  Grin

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August 17, 2012, 12:59:49 PM
 #82

Gavin = Pirate = Satoshi

Q.E.D.
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August 17, 2012, 01:09:26 PM
 #83

At first i thought it was just multisig ui, which will for sure contribute to stability.
But now my brain don't want to stop thinking about what it would be (you're mean Charlie... how am I going to sleep now ?)

It's apparently related to regulation. I really like the idea that it would be recognized as a currency by some country, and clearly Iceland is a good candidate.
If we go further on that, why not an announce of the Icelandic central bank that they will purchase some bitcoins (putting a floor on the market, that would be stability).

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August 17, 2012, 01:11:43 PM
 #84

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

Hmmm, the Mint Chip Challenge closes on in 38 days. Thats on the 24th of September. "Buying bitcoin with Mint Chips" is still highest voted:
http://ideas.mintchipchallenge.com/?utf8=%E2%9C%93&search=&order=comment

Maybe the Canadian government will make digital currencies legal, thus including bitcoin.
Although I know "Mint Chip" is not its own currency, but rather a wallet for digitized CAD, any attempt to lodge a new law that prepares Canada's authorities for the monetary future could include a definition for "real" virtual currencies just like that.
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August 17, 2012, 01:28:30 PM
 #85

Julian Assange will be digitized and smuggled out of the UK in the blockchain?

 Grin Grin Grin
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August 17, 2012, 02:06:08 PM
 #86

Sounds like there could be a legal judgement of some kind in favor of Bitcoin.

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August 17, 2012, 02:10:55 PM
 #87

If we go further on that, why not an announce of the Icelandic central bank that they will purchase some bitcoins (putting a floor on the market, that would be stability).

Indeed. Any small economic nation looking to invest in assets right now couldn't go far wrong Tongue

Edit: assuming whichever hypothetical minnow of a central bank hasn't been building up the reserves for some time already...

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August 17, 2012, 02:59:49 PM
 #88

Bitcoin technology is going to be used to start a government sponsored block chain run by Blackwater.

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August 17, 2012, 03:08:32 PM
Last edit: August 22, 2012, 03:55:52 PM by WiseOldOwl
 #89

Kim Dotcom will launch a new file/music/whatever sharing service that uses bitcoin as the currency of choice Cheesy

Iceland will start a trial where they accept tax payments denominated in Bitcoin, just to spite London for harbouring all those convicted criminal bankers.
Both of those would be awesome. Keep dreamin' - though Iceland is small enough that maybe government support and gradual introduction may be feasible as a secondary currency.

Iceland don't have a lot of international obligations if I remember rightly, could indeed be a geniune likelihood

I saw this and couldnt help but notify you all that back in my bitcoin exchange days i directly contacted the icelandic ministry of banking (im not looking up the real name right now) and spoke with them about bitcoin. I needed a bank system that wouldnt shun me away for running a bitcoin to fiat business. Iceland is the place for this period. The combo of tech savy people and their banking situation makes it a perfect haven for bitcoin business if properly cultivated. It was to early I believe, but could be done easier now.

now back into the shadows I go.

EDIT : here is this too bring you up to speed      http://wikileaks.org/wiki/Iceland_says_NO_to_Debt-Slavery
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August 17, 2012, 03:24:25 PM
 #90

out of curiosity, how can we have "surprises" here? it is an open source project, shouldn't whatever is coming be on the roadmap already?
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August 17, 2012, 03:26:55 PM
 #91

out of curiosity, how can we have "surprises" here? it is an open source project, shouldn't whatever is coming be on the roadmap already?
Someone said it wasn't an change in the code.

So... let's wait
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August 17, 2012, 03:47:22 PM
 #92

There will be no big announcement.  It is a pump 'n dump.    Tongue
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August 17, 2012, 03:56:18 PM
 #93

Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.

http://bitcoin2012.com/

For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.

http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative

Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.

We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.

http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence

Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.
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August 17, 2012, 04:08:55 PM
 #94

Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.

http://bitcoin2012.com/

For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.

http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative

Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.

We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.

http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence

Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.

Hmm, do you know something we don't scomil?  Smiley

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August 17, 2012, 04:12:29 PM
 #95

Seems likely that the announcement will be made during Bitcoin Conference, London 15-16, September 2012.

http://bitcoin2012.com/

For those of you speculating about Iceland. Looking at the list of speakers, we have - Birgitta Jónsdóttir, member of the Icelandic Parliament. She is also the spokesperson and main sponsor for the International Modern Media Institute.

http://en.wikipedia.org/wiki/Icelandic_Modern_Media_Initiative

Reading through the the Elements of the law, it seems Iceland might be the one civilized country that will act to protect the bitcoin network, as opposed to doing everything to overthrow and disrupt it.

We have the people of Iceland to thank for setting precedent by throwing out the bondholders in 08/09 and rewriting their constitution.

http://theguardianeyewitness.tumblr.com/post/749345738/protest-at-icelandic-premiers-residence

Lets hope the pieces fit the puzzle. Either way, Birgitta Jónsdóttirs speech should be interesting.

+1. Outspoken protection of the bitcoin network by an official government representative would indeed add to the longterm stability of the project. It provides a "safe" haven". Not that bitcoin would need one, but its still good to know that it would be an officially accepted payment type in the "real" world.


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August 17, 2012, 04:13:42 PM
 #96

Maybe they are working with bitcoin card and will release it.
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August 17, 2012, 04:20:03 PM
 #97

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency, I believe that means you don't have to pay capital gains taxes on that thing. For example, if you transfer dollars to sterling, the value of sterling goes up, and then you transfer back to dollars, you don't have to pay taxes on the gain because sterling is an official national currency. IANAL.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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August 17, 2012, 04:22:59 PM
 #98

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency, I believe that means you don't have to pay capital gains taxes on that thing. For example, if you transfer dollars to sterling, the value of sterling goes up, and then you transfer back to dollars, you don't have to pay taxes on the gain because sterling is an official national currency. IANAL.
I'm fairly certain this is not true, at least in the US.

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August 17, 2012, 04:23:33 PM
 #99

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency, I believe that means you don't have to pay capital gains taxes on that thing. For example, if you transfer dollars to sterling, the value of sterling goes up, and then you transfer back to dollars, you don't have to pay taxes on the gain because sterling is an official national currency. IANAL.
Here in AU I am pretty sure any capital gain (even if its unrealised) is Taxable... I also ANAL... (oh lol)

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August 17, 2012, 05:06:37 PM
 #100

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency,[...]

Think for a second.  Who cares if bitcoin is a country's official currency?  Bitcoin use need only be protected by law in a certain country to gain added legitimacy...

An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not?


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August 17, 2012, 05:13:52 PM
 #101

Anyone here have any idea as to what Gavin was alluding to?

The Bitcoin Project will be making a major announcement in September that should contribute some stability, he said. Still, he predicted things will continue to be exciting in the world of Bitcoin with "continued controversy and chaos."

http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust

Second to last paragraph. Multisig?

Ecuador is changing its name to Wikitopia, appointing Julian Assange benevolent dictator for life and making Bitcoin ("Bitpeso") the official currency.  All foreign debt will be repaid in LitePeso...

*looks forward to more exciting controversy and chaos*


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August 17, 2012, 05:36:48 PM
Last edit: August 17, 2012, 06:23:11 PM by drrussellshane
 #102

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency,[...]

Think for a second.  Who cares if bitcoin is a country's official currency?  Bitcoin use need only be protected by law in a certain country to gain added legitimacy...

An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not?



I understand what you are saying, but generally, laws/statutes outlaw things rather than say what is acceptable.

For example, there is no law that says "yes, hamburgers are legal".



Attorneys may quibble and argue somehow that bitcoins are "illegal", but they are certainly not inherently unlawful, and they will not become unlawful regardless of what the ones in black robes say.

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August 17, 2012, 05:51:51 PM
 #103

Gavin = Pirate = Satoshi

Q.E.D.

GPS Mobile now comes to mind.
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August 17, 2012, 06:20:21 PM
 #104

I think this has zero chance of ever happening to Bitcoin, but if a country declares something to be its official currency,[...]

Think for a second.  Who cares if bitcoin is a country's official currency?  Bitcoin use need only be protected by law in a certain country to gain added legitimacy...

An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not?



As someone else said, everything is legal until it is made illegal. What would help, though, is legal enforcement of Bitcoin contracts, brought about through favorable judicial rulings. Namely, a judgment that ordered one party to pay another party in Bitcoins.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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August 17, 2012, 06:32:14 PM
 #105

The quote is: "The Bitcoin Project will be making a major announcement in September that should contribute some stability"

I do not see any game changer here.

I will also be making a major announcement in September that may be kinda exciting.

Or it may not.

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August 17, 2012, 06:53:02 PM
 #106

Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?

Bitrated user: gil.
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August 17, 2012, 06:56:30 PM
 #107

Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?

If BFL IPOs before the ASIC release, we should all have a pretty good idea of where that capital is going. I sure wouldn't buy.
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August 17, 2012, 09:01:19 PM
 #108

Maybe Pirate made the announcement a bit prematurely?
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August 17, 2012, 09:51:00 PM
 #109


I understand what you are saying, but generally, laws/statutes outlaw things rather than say what is acceptable.

For example, there is no law that says "yes, hamburgers are legal".



Attorneys may quibble and argue somehow that bitcoins are "illegal", but they are certainly not inherently unlawful, and they will not become unlawful regardless of what the ones in black robes say.



It is the people who need to approve what goes on in their economics. That is why BTC is important. Having a small group of people tell a very large group of people what their money is worth has not turned out well in the past.
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August 18, 2012, 02:17:56 AM
 #110

According to the graph on this page http://www.facebook.com/bitcoinusers/likes, at this rate there'll be fewer people taking about Bitcoin if the trend continues, thus doubling the price we're seeing now, if the graph is a bellwether for why the exchange rate has gone up in the past month. Currently, something doesn't smell right, but by September we may have some sort of stability?

Take a look at that graph, and try to make heads or tails out of it.

~Bruno~
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August 18, 2012, 02:22:01 AM
 #111

According to the graph on this page http://www.facebook.com/bitcoinusers/likes, at this rate there'll be fewer people taking about Bitcoin if the trend continues, thus doubling the price we're seeing now, if the graph is a bellwether for why the exchange rate has gone up in the past month. Currently, something doesn't smell right, but by September we may have some sort of stability?

Take a look at that graph, and try to make heads or tails out of it.

~Bruno~


I'm not allowed to see your graph, but I vote tails.

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August 18, 2012, 02:25:47 AM
 #112

All right, all right, enough speculation.

I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin.

How often do you get the chance to work on a potentially world-changing project?
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August 18, 2012, 02:27:50 AM
 #113

All right, all right, enough speculation.

I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin.

Ha ha, you didn't even buy the domain to pull this one off...

Must be part of expanding in Japan as I hear the teens there sell their undies. sniff sniff.
The perfect way to pay for stinky undies is Bitcoin.

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August 18, 2012, 02:30:00 AM
 #114

Julian Assange will be digitized and smuggled out of the UK via the blockchain while wearing alpaca underwear.
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August 18, 2012, 02:32:37 AM
 #115

All right, all right, enough speculation.

I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin.


Can I sell an undies passthrough on glbse ?

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August 18, 2012, 07:33:12 AM
 #116

All right, all right, enough speculation.

I'll be announcing http://bitundies.com/, where you will be able to buy high-quality Alpaca wool undergarments for bitcoin.


Nice one  Smiley

What is it then? At least give us some hints Gavin

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August 18, 2012, 07:46:34 AM
 #117


Psst! September is nigh!
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August 18, 2012, 08:23:36 AM
 #118

Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?

If BFL IPOs before the ASIC release, we should all have a pretty good idea of where that capital is going. I sure wouldn't buy.

Where would that be? ASIC development?

Bitrated user: gil.
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August 18, 2012, 08:25:45 AM
 #119

Butterfly Labs IPOs in GLBSE, and accepting payments only in bitcoins?

If BFL IPOs before the ASIC release, we should all have a pretty good idea of where that capital is going. I sure wouldn't buy.

Where would that be? ASIC development?

That's what I was implying... That the preorders weren't enough to cover the development cost. IPOing now would look like a move of desperation.

Anyway I highly doubt this is what Gavin was referring to.
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August 18, 2012, 08:28:06 AM
 #120

jp morgan, the original inventors of "project satoshi" will be taking over the project and acquiring bfl labs (but don't worry, refunding all the funds from pre-sales, .. in dollars though, at the prices quoted when prepayment was sent).

I got scared when I read that first lol

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August 18, 2012, 10:34:01 AM
 #121

An affirmative law saying "yes, bitcoin is legal" would be wonderful, would it not?

Not necessarily, no.
First of all, bitcoin is already legal. And besides that, this text shows an example of an activity that is better off in the current prohibition scenario than what it'd be in a legalization scenario. The example in question is prostitution houses in Brazil. They're currently forbidden, but if you want to open one, all you have to do is pay the appropriate bribes to the cops. According to the text author, who happens to have some friends in the business, these bribes are already lower than what taxes alone would be had the activity been legalized. Not to mention stupid licenses, labor laws, regulations etc. And if you think that being prohibited forces these business to be "shady" and dangerous, well, take a look at this or this or this. One of them even has bowling lanes inside! Cheesy

"Legalization" is not always a good thing, because often it comes together with taxation, cumbersome or prohibitive regulations, licenses etc etc. I wouldn't like to see bitcoin transfers crippled with the same kind of AML bullshit that affects fiat transfers, for example.

A good read: Air Guitars and Bitcoin Regulation.
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August 18, 2012, 03:07:41 PM
 #122

Bitcoins will be exchanges on the ECN forex network Cheesy
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August 18, 2012, 03:17:54 PM
 #123

At the risk of being called a newb who's too stupid and/or lazy to use the search function correctly (it's a fair cop  Smiley), could someone explain to me what multisig is, how it works, and why it's important (or provide a link)? Thanks!
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August 18, 2012, 03:19:39 PM
 #124

At the risk of being called a newb who's too stupid and/or lazy to use the search function correctly (it's a fair cop  Smiley), could someone explain to me what multisig is, how it works, and why it's important (or provide a link)? Thanks!

http://lmgtfy.com/?q=bitcoin+multisig

https://www.bitcoin.org/bitcoin.pdf
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August 18, 2012, 03:56:50 PM
 #125

At the risk of being called a newb who's too stupid and/or lazy to use the search function correctly (it's a fair cop  Smiley), could someone explain to me what multisig is, how it works, and why it's important (or provide a link)? Thanks!

http://lmgtfy.com/?q=bitcoin+multisig

You know, I assumed that if I just asked the question, I'd probably end up getting a lmgtfy link or some other snarky non-response.  But I hoped that maybe if I threw in a little self-deprecating humor acknowledging that yes, I should probably be able to find this information on my own, I might get an actual answer.  Obviously that hope was misplaced.   Cry But seriously, I still haven't found a good overview on the subject.  If you know of a link to one that's particularly good, I'd love to see it. 
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August 18, 2012, 04:07:34 PM
 #126

At the risk of being called a newb who's too stupid and/or lazy to use the search function correctly (it's a fair cop  Smiley), could someone explain to me what multisig is, how it works, and why it's important (or provide a link)? Thanks!

http://lmgtfy.com/?q=bitcoin+multisig

You know, I assumed that if I just asked the question, I'd probably end up getting a lmgtfy link or some other snarky non-response.  But I hoped that maybe if I threw in a little self-deprecating humor acknowledging that yes, I should probably be able to find this information on my own, I might get an actual answer.  Obviously that hope was misplaced.   Cry But seriously, I still haven't found a good overview on the subject.  If you know of a link to one that's particularly good, I'd love to see it. 

Multisig addresses require m-of-n signatures to spend from.  There are n total keys that can sign, and you need m <= n  of them to successfully spend.  For example, with m = 2 and n = 3 you can do a trade of physical goods with built-in escrow.  The escrow holds one key, and each of the sender and receiver of the good hold the other keys.  The buyer sends his bitcoin to the 2-of-3 address and the seller ships out the goods.  The seller than creates and signs a transaction that spends the coins from the 2-of-3 address to his personal address.  When the buyer receives the goods, he also signs the transaction and the coins are moved.  If there is a dispute, the escrow can either sign the transaction, awarding the coins to the seller, or can ask the buyer to create and sign a transaction that returns the coins to him, and then sign that one.  This can all be done without including the escrow except when necessary as all you need to know is the escrow's public address.  They can have an outstanding offer to settle any disputes provided that if arbitration is necessary they get X BTC (or a %) as a fee.

https://www.bitcoin.org/bitcoin.pdf
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August 18, 2012, 04:17:49 PM
 #127

Multisig addresses require m-of-n signatures to spend from.  There are n total keys that can sign, and you need m <= n  of them to successfully spend.  For example, with m = 2 and n = 3 you can do a trade of physical goods with built-in escrow.  The escrow holds one key, and each of the sender and receiver of the good hold the other keys.  The buyer sends his bitcoin to the 2-of-3 address and the seller ships out the goods.  The seller than creates and signs a transaction that spends the coins from the 2-of-3 address to his personal address.  When the buyer receives the goods, he also signs the transaction and the coins are moved.  If there is a dispute, the escrow can either sign the transaction, awarding the coins to the seller, or can ask the buyer to create and sign a transaction that returns the coins to him, and then sign that one.  This can all be done without including the escrow except when necessary as all you need to know is the escrow's public address.  They can have an outstanding offer to settle any disputes provided that if arbitration is necessary they get X BTC (or a %) as a fee.
Thank you for this - it makes a lot more sense now.  It would be nice if there was a short little video on youtube explaining this to the common bitcoin user.

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August 18, 2012, 04:58:32 PM
 #128

Multisig addresses require m-of-n signatures to spend from.  There are n total keys that can sign, and you need m <= n  of them to successfully spend.  For example, with m = 2 and n = 3 you can do a trade of physical goods with built-in escrow.  The escrow holds one key, and each of the sender and receiver of the good hold the other keys.  The buyer sends his bitcoin to the 2-of-3 address and the seller ships out the goods.  The seller than creates and signs a transaction that spends the coins from the 2-of-3 address to his personal address.  When the buyer receives the goods, he also signs the transaction and the coins are moved.  If there is a dispute, the escrow can either sign the transaction, awarding the coins to the seller, or can ask the buyer to create and sign a transaction that returns the coins to him, and then sign that one.  This can all be done without including the escrow except when necessary as all you need to know is the escrow's public address.  They can have an outstanding offer to settle any disputes provided that if arbitration is necessary they get X BTC (or a %) as a fee.
Thank you for this - it makes a lot more sense now.  It would be nice if there was a short little video on youtube explaining this to the common bitcoin user.

There is no UI yet, and the code with the command line support still hasn't been in a release yet.  Give it some time.

https://www.bitcoin.org/bitcoin.pdf
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August 18, 2012, 06:00:22 PM
 #129

Multisig addresses require m-of-n signatures to spend from.  There are n total keys that can sign, and you need m <= n  of them to successfully spend.  For example, with m = 2 and n = 3 you can do a trade of physical goods with built-in escrow.  The escrow holds one key, and each of the sender and receiver of the good hold the other keys.  The buyer sends his bitcoin to the 2-of-3 address and the seller ships out the goods.  The seller than creates and signs a transaction that spends the coins from the 2-of-3 address to his personal address.  When the buyer receives the goods, he also signs the transaction and the coins are moved.  If there is a dispute, the escrow can either sign the transaction, awarding the coins to the seller, or can ask the buyer to create and sign a transaction that returns the coins to him, and then sign that one.  This can all be done without including the escrow except when necessary as all you need to know is the escrow's public address.  They can have an outstanding offer to settle any disputes provided that if arbitration is necessary they get X BTC (or a %) as a fee.
Thank you for this - it makes a lot more sense now.  It would be nice if there was a short little video on youtube explaining this to the common bitcoin user.

There is no UI yet, and the code with the command line support still hasn't been in a release yet.  Give it some time.

Or a major announcement  Grin

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August 18, 2012, 08:21:12 PM
 #130

Hmm, my gut reaction is cautious to having scripting within the core bitcoin exchange network especially as the default behavior. Just a bit uneasy at adding such an attack vector.

                                                                               
                
                                                       ╓▄▌██P                  
                                                 ╔▄▌███▀███▌                   
                                           ▄▄▌██▀▀╚  ╓██╩██                    
                                     ▄▄███▀▀╙      ▄██  ▓█                     
                               ▄▌███▀▀+          ▄█▀   ▐█                      
                        ,▄▌███▀▀¬              ▓█▀     █▄                      
                  ,▄▌███▀▀                  ,██▀      █▌                       
               '█████▌▄▄,                 ╓██╩       ██                        
                  ▀██▌▐▀▀▀█████▌▌▄▄╓    ▄██¬        ▄█                         
                     ▀██▄        ╚▀▀▀████          ▐█═                         
                        ▀██▄        ▓█▀██          █▀                          
                           ▀██▄  ,██▀   █µ        ██                           
                              ▀███Z     ██       ██                            
                                ▐██     ▐█      ▄█                             
                              ,,╓╓█▓▄▌   █▌    ▐█U                             
                        º▄▓▓▓▓▓▓▓▓▓███   ▀█    █▌                              
                          ▀█▓▓▓▓▓████▀█▌  █▌  ██                               
                            ▀███████▌  ▀█µ▀█ ██                                
                              ▀█████     ███▓█                                 
                                ▐███      ▀██Ñ                                 
                                            ▀                             

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August 18, 2012, 08:32:43 PM
 #131

Hmm, my gut reaction is cautious to having scripting within the core bitcoin exchange network especially as the default behavior. Just a bit uneasy at adding such an attack vector.

Um.... it has always had scripting.  The changes for multisig actually reduced what was valid.

https://www.bitcoin.org/bitcoin.pdf
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August 18, 2012, 08:36:06 PM
 #132

Wow, interesting looking deeper under the hood. This note is comforting though " Some of the more complicated opcodes are disabled out of concern that the client might have a bug in their implementation"

                                                                               
                
                                                       ╓▄▌██P                  
                                                 ╔▄▌███▀███▌                   
                                           ▄▄▌██▀▀╚  ╓██╩██                    
                                     ▄▄███▀▀╙      ▄██  ▓█                     
                               ▄▌███▀▀+          ▄█▀   ▐█                      
                        ,▄▌███▀▀¬              ▓█▀     █▄                      
                  ,▄▌███▀▀                  ,██▀      █▌                       
               '█████▌▄▄,                 ╓██╩       ██                        
                  ▀██▌▐▀▀▀█████▌▌▄▄╓    ▄██¬        ▄█                         
                     ▀██▄        ╚▀▀▀████          ▐█═                         
                        ▀██▄        ▓█▀██          █▀                          
                           ▀██▄  ,██▀   █µ        ██                           
                              ▀███Z     ██       ██                            
                                ▐██     ▐█      ▄█                             
                              ,,╓╓█▓▄▌   █▌    ▐█U                             
                        º▄▓▓▓▓▓▓▓▓▓███   ▀█    █▌                              
                          ▀█▓▓▓▓▓████▀█▌  █▌  ██                               
                            ▀███████▌  ▀█µ▀█ ██                                
                              ▀█████     ███▓█                                 
                                ▐███      ▀██Ñ                                 
                                            ▀                             

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August 19, 2012, 03:50:55 AM
 #133

Hmm, my gut reaction is cautious to having scripting within the core bitcoin exchange network especially as the default behavior. Just a bit uneasy at adding such an attack vector.
No offense, but please learn what you are talking about.

Scripting is not what you think it is.  Here is some information: https://en.bitcoin.it/wiki/Script

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August 19, 2012, 12:03:24 PM
 #134

Maybe Google will get involved with Bitcoin?
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August 19, 2012, 12:39:58 PM
 #135

Maybe Google will get involved with Bitcoin?

They already have:

http://www.developer.com/daily_news/google-releases-bitcoin-java-client.html
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August 19, 2012, 06:37:18 PM
 #136



Google allows it's staff to spend 20 percent of their work time on personal projects? Who do I have to suck off to get a job at Google?

Signed,

Puckered up and waiting for response.

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August 19, 2012, 07:49:26 PM
 #137



Google allows it's staff to spend 20 percent of their work time on personal projects? Who do I have to suck off to get a job at Google?

Signed,

Puckered up and waiting for response.

http://dilbert.com/strips/comic/2011-12-19/

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August 21, 2012, 01:38:43 PM
 #138

I hope the block reward will keep the same, so that BTC will provide continuous incentive for new adopters, and reduce the deflation nature in BTC economy

The continuously reducing supply in protocol make it a perfect place for speculation, and the wild price swing will discourage business users

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August 21, 2012, 01:43:40 PM
 #139



Google allows it's staff to spend 20 percent of their work time on personal projects? Who do I have to suck off to get a job at Google?

Signed,

Puckered up and waiting for response.

http://dilbert.com/strips/comic/2011-12-19/

20% they work
20% they do google stuff and
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FTFY  Wink

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August 21, 2012, 01:47:43 PM
 #140

I hope the block reward will keep the same, so that BTC will provide continuous incentive for new adopters, and reduce the deflation nature in BTC economy

The continuously reducing supply in protocol make it a perfect place for speculation, and the wild price swing will discourage business users

If you want inflationnary monopoly money, take a look at euros or dollars they might interest you.
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August 21, 2012, 02:04:38 PM
 #141

I hope the block reward will keep the same, so that BTC will provide continuous incentive for new adopters, and reduce the deflation nature in BTC economy

The continuously reducing supply in protocol make it a perfect place for speculation, and the wild price swing will discourage business users

If you want inflationnary monopoly money, take a look at euros or dollars they might interest you.

Easy there. If the block reward stayed at 50 forever, Bitcoin would still be the hardest money in existence and the inflation rate would approach 0 over time.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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August 21, 2012, 02:06:46 PM
 #142

I hope the block reward will keep the same, so that BTC will provide continuous incentive for new adopters, and reduce the deflation nature in BTC economy

The continuously reducing supply in protocol make it a perfect place for speculation, and the wild price swing will discourage business users

If you want inflationnary monopoly money, take a look at euros or dollars they might interest you.

Easy there. If the block reward stayed at 50 forever, Bitcoin would still be the hardest money in existence and the inflation rate would approach 0 over time.

It's irrelevant, though. It would be trite to create a cryptocurrency based on Bitcoin with a 50 coin reward in perpetuity. You don't need to change Bitcoin for that.
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August 21, 2012, 02:08:00 PM
 #143

I hope the block reward will keep the same, so that BTC will provide continuous incentive for new adopters, and reduce the deflation nature in BTC economy

The continuously reducing supply in protocol make it a perfect place for speculation, and the wild price swing will discourage business users

If you want inflationnary monopoly money, take a look at euros or dollars they might interest you.

Easy there. If the block reward stayed at 50 forever, Bitcoin would still be the hardest money in existence and the inflation rate would approach 0 over time.

That's right. But reward drop is already priced in, if you change it, you're basically saying you will dilute others savings (no matter of how few).

No, I don't think a change in protocole (that would require a fork) is in question here.
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August 21, 2012, 02:08:25 PM
 #144

Minting the same number of coins per block has already been done, not only by GRouPcoin which is otherwise basically a clone of bitcoin, but also by DeVCoin which also incorporates some other innovations such as mining 1,000 times as many coins (to avoid having to move the decimal point so soon, as bitcoin looked to be climbing in value rapidly when DeVCoin was initially created) and distributing coins to developers of open source software, hardware, firmware, music, literature, art etc.

So no need to screw up bitcoin by messing with its block reward schedule, those who want inflatacoin already have GRouPcoin and DeVCoin for that.

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August 21, 2012, 04:38:42 PM
 #145


Given that the exchange rate is free-floating (as it should be), changing the block reward from halving every 210,000 blocks to a constant 50 would probably not cause much difference at all.

But the speculation is moot... nobody's changing that part of bitcoin.


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August 21, 2012, 08:37:39 PM
 #146


Given that the exchange rate is free-floating (as it should be), changing the block reward from halving every 210,000 blocks to a constant 50 would probably not cause much difference at all.

But the speculation is moot... nobody's changing that part of bitcoin.



I didn't waste much thought about the mystery announcement before.
But now, you devs posting here are killing me! :-)

I wonder when the first betsofbitco.in bets show up!

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August 22, 2012, 09:02:13 AM
 #147

]

One under-appreciated aspect about alt-chains is that they can always to used to show skeptics (who were probably indoctrinated with ideas that a flexible money supply is essential, even though they usually can't explain why) that under a Bitcoin system, the money supply limits can be overridden if there's ever a real need for it. One common objection that I hear is that Bitcoin will have trouble scaling. As soon as millions of people try to pile onto the system, "there won't be enough coins to go round", or the network will overload or something else will break.

But let's think about it for a minute: if there's ever a massive burst of interest in Bitcoin (that might theoretically break something), some of that interest inevitably gets diverted into forks, clones, and new currencies! That's where the new money comes from. Sure, purists might argue that it wrecks the idea of hard, sound money, but that is wrong. New adopters knowingly buy-in to the new currencies, and no-one is forced to exchange their superior Bitcoins for those other, lesser currencies if they don't want to. Furthermore, this currency "eco-system" enables something that the Fractional Reserve system fails to do when it should, which is to reduce the money supply in a timely manner in response to real economic pressures. For example, if there's a contraction or loss of confidence, floating exchange rates will dynamically shrink the amount of money in the system. No intervention required!

There would no doubt be some interest in alternate cryptocurrencies, but i don't think any of them would really take off. Maybe 1 or 2 other cryptocurrencies would gain some traction, but I imagine the cost of maintaining a separate software, financial and user base ecosystem would keep their user base limited (not to mention the network effect).

The scaling issues will probably be solved by cloud based wallets and light clients.
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August 22, 2012, 09:30:13 AM
 #148

There would no doubt be some interest in different nations using different currencies, but i don't think any of them would really take off. Maybe 1 or 2 other nation's currencies would gain some traction, but I imagine the cost of maintaining a separate software, financial and user base ecosystem would keep their user base limited (not to mention the network effect).

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August 22, 2012, 09:51:49 AM
 #149

My guess is simply that Greece will now be adopting BTC as their sole currency... a long shot perhaps... but one i'd like to see Smiley

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August 22, 2012, 09:55:39 AM
 #150

My guess is simply that Greece will now be adopting BTC as their sole currency... a long shot perhaps... but one i'd like to see Smiley

Bitcoin is not inflatory enough for this use. :-P
Something coming from Island, though, could be possible and be awesome news!

Ente
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August 22, 2012, 12:41:51 PM
Last edit: August 22, 2012, 12:54:50 PM by markm
 #151

They won't be printing money as it suits them, they will be minting tokens and then going out into the marketplace looking for ways to trade some of their tokens for some bitcoins, oops, I mean, for some money.

Thus in effect they will be creating more things people can spend bitcoins on, things that are easy to buy with bitcoins; plus, in order to try to make their tokens seem to be worth something they will create things for their tokens to be spent on, and since bitcoins are so very compatibile with their own tokens it will be easy for those things to also, or instead, be sold for bitcoins. So overall, in addition to promoting the bitcoin codebase and the bitcoin blockchain concept and the general idea of cryptocurrencies of which bitcoin is the shining crown achievement, they will be bringing users closer to having the skills, knowledge, and understanding to use bitcoins. All of which should help bitcoin adoption.

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August 22, 2012, 01:16:59 PM
 #152

One of the things I half expect to see is countries, businesses, games and many others issuing their own blockchains as a method of keeping internal accounts while making use of the system but if they don't link directly to bitcoin as a central currency it could all get very messy with alt chains printing money as it suits them and exchange rates up in the air. Hopefully Canada will consider that with their own digital currency and not stay stuck in the rut of the current fiat system.

Could work. As long as they "connect" to the Bitcoin blockchain (aka merge-mining compatible) to make use of the high difficulty.. If they started their completely independent own chain, they would need dramatic investments into mining to secure the new network, or have it run over quickly.

Interesting ideas!

Ente
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August 23, 2012, 09:39:57 AM
 #153

My guess is simply that Greece will now be adopting BTC as their sole currency... a long shot perhaps... but one i'd like to see Smiley

That would be a game changer, and BTC rate would skyrocket 10-100 times in matter of a week.
But nothing like this is going to happen.

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August 23, 2012, 12:55:20 PM
 #154

My guess is simply that Greece will now be adopting BTC as their sole currency... a long shot perhaps... but one i'd like to see Smiley

That would be a game changer, and BTC rate would skyrocket 10-100 times in matter of a week.
But nothing like this is going to happen.

Ofc not. They need to print their own monies to buy back bonds. Cannot print bitcoins, so its not for them.
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August 23, 2012, 08:45:51 PM
 #155

My guess is simply that Greece will now be adopting BTC as their sole currency... a long shot perhaps... but one i'd like to see Smiley

That would be a game changer, and BTC rate would skyrocket 10-100 times in matter of a week.
But nothing like this is going to happen.

Ofc not. They need to print their own monies to buy back bonds. Cannot print bitcoins, so its not for them.

Oh, if you want to introduce Bitcoin in Greez, it could even work. I see you could easily snap some 250k cheap coins right now at MtGox for a pocket money, then announce this step and watch the price settle. After a year and hopefully some other countries taking this step, you could invest one of your bitcoins to print some paper money backed by bitcoin. Greece would be a huge test balloon for such a move but the first mover would have a massive advantage.[/dreaming]

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August 24, 2012, 07:08:01 AM
 #156

While I remain forever hopeful, I'm not counting on any national acceptance any time soon. The banks just won't let it happen. If Iceland were to unveil some kind of "roadmap" that involves Bitcoin, perhaps as a trial first, then as a second official currency, or perhaps they were to declare a safe-haven for bitcoin rights, the response could range anywhere from suicide bombings to submarines drilling nukes into the bedrock to blast the island out of the water...

Just look at what's going on around the world today. Remember when that guy, what's his name, Julian Assange was considered a hero all over the world for embarrassing the US gov't with Cablegate and whatnot? They got angry and even arrested some kid for doing the leaks, but Assange was basically untouchable. But then he announced some upcoming leaks regarding a "prominent US bank", and BAM! Rape allegations, "code red" alerts, Interpol investigations, international arrest warrants, the UK threatening to invade Ecuadorian soil... I guess that'll teach people to wear condoms!... And that was just ONE guy running a <$1million activist organisation, threatening just the ONE bank.

</rant>


I didn't see the events around wikileaks/assange from that direction yet. Really some food for thought.

However:
What does Wikileaks and Bitcoin have in common? -You can't kill an idea!
Decentralized *leaks are coming, and, well, Bitcoin is decentralized to begin with.
But yes, getting the whole WL/BTC process as rough and illegal as possible does/will slow it down.

Ente
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August 28, 2012, 02:36:34 AM
 #157

Today August 9th, at 22:10 JST, a serious glitch on MtGox caused all ask orders to be flushed from the system. It is now 00:40 JST at the time of this writing.

As the cause was not determined immediately, the MtGox trading engine was halted and an investigation in the situation initiated. We found that this issue was due to a glitch linked to a new feature. A fix has been placed and failsafes have been installed to make sure such an event will not occur again.


We have determined that this issue was caused by a bug in the trading engine due to a new feature planned for release in September. While this new feature should not have any impact on trades not using it, a specific set of conditions could trigger this feature in a way that should not happen, which in turn caused the trade engine to believe that the order matched in the order book was actually invalid and should be removed.
Because of this, all the open ask orders were flushed out of the system, and one trade executed as an overly high amount (this trade was later cancelled).

The bug has been identified and the issue has been solved. We will also make sure to create unit test capable to reproduce cases such as the conditions required for this bug to happen.

To trigger this bug the following conditions had to be met:
  • Place a market order in currency other than USD to buy bitcoins for a larger amount that can be afforded
  • Have a very low balance of that currency
  • Have configured to take fee for bitcoin purchase from currency and not BTC
  • Do not have the order to complete in a single match (ie. cause more than one trade)
The issue has been resolved, and different kinds of failsafes have been added to ensure an order can not cause a large part of the order book to vanish.

Due to the fact that the latest backup could possibly include asks that were cancelled by users, we have not restored the order book from backups. Users are invited to place sell orders again.


Please contact our support team should you have any question.


Mark Karpeles, MtGox Co. Ltd.
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August 28, 2012, 05:59:42 AM
 #158

We have determined that this issue was caused by a bug in the trading engine due to a new feature planned for release in September.

Good catch. Dark pool trading then? Iceberg orders and the like. That fits the bill and should certainly contribute to stability.
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August 28, 2012, 11:36:55 AM
 #159

Nope. Cause it doesn't fit with this :

I'm not gonna say what the announcement is....but I will say that you are all wrong and no one is even close lol (Well...some of you were kinda close)

-Charlie
You mentioned something once before I think, about a surprise that will change what people think the government thinks of bitcoins... so I'll guess its some sort of basis for bitcoin being protected legally

Ok, I take it back. Your the closest. Nuff said, Im gonna get shot for saying this much.

Unless Charlie is screwing with us.  Huh. This is driving me crazy.
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August 28, 2012, 11:43:14 AM
 #160

Margin trading ?
Anyway not sure it's what Gavin was talking about, MtGox != Bitcoin Project

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August 28, 2012, 12:53:43 PM
 #161

Margin trading ?
Anyway not sure it's what Gavin was talking about, MtGox != Bitcoin Project

+1

This has to be something legal related
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August 28, 2012, 01:23:51 PM
 #162

Margin trading ?
Anyway not sure it's what Gavin was talking about, MtGox != Bitcoin Project

+1

This has to be something legal related

Bitcoin will be traded on forex?  Grin
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August 28, 2012, 01:27:40 PM
 #163

Margin trading ?
Anyway not sure it's what Gavin was talking about, MtGox != Bitcoin Project

+1

This has to be something legal related

Bitcoin will be traded on forex?  Grin

Oh yeah Cheesy
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August 28, 2012, 01:46:45 PM
 #164

Something tells me that the US gov would not endorse this.

Perhaps another government?

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August 28, 2012, 01:50:40 PM
 #165

Why so much secrecy and not announce this enigmatic 'project' straight away?  Cool

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August 28, 2012, 01:54:45 PM
 #166

Something tells me that the US gov would not endorse this.

Perhaps another government?

Bitcoin will be legal tender in the Principality of Sealand.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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August 28, 2012, 07:38:13 PM
 #167

 The beta stage is over.
 Release 1.0
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August 28, 2012, 08:49:20 PM
 #168

I think someone stated that someone here was pretty close with his guess.
I won't read it up, actually I don't want to know it before it gets announced.
I will rather follow all your guesses.

When I get a present, I hold it in my hands, shake it a bit, value its weight and all that stuff. If I wanted to know what's inside, I would just open it up right away. :-)

Ente
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August 28, 2012, 09:05:25 PM
 #169

I think someone stated that someone here was pretty close with his guess.
I won't read it up, actually I don't want to know it before it gets announced.
I will rather follow all your guesses.

When I get a present, I hold it in my hands, shake it a bit, value its weight and all that stuff. If I wanted to know what's inside, I would just open it up right away. :-)

Ente

Just like the Black Box experiments we've all done in high school.

After penning the above, I just reminder how we did that. Each student put an item in a shoe box, taped it up, then painted it black. During class, each student was be given a random box, whereupon we were to figure out what's inside. You're not going to believe this, but I figured out mine. It was a key. Admittedly, I pretty sure I got lucky, but all the clues fit. Sounded metallic, small, etc. What I put inside my box was an old rubber mouse, hoping that some girl gets the box and once opened, she would scream. How that panned out eludes me, but I do remember the key, and stealing my little sister's mouse to place in the box.

~Bruno~
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August 29, 2012, 01:31:00 AM
 #170

ISK will be pinned to Bitcoin in EVE and Dust 514 to DOMINATE the world of online gaming. =p

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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August 29, 2012, 01:42:24 AM
 #171

well isn't bitinstant credit card coming... that might open the door for some real world merchant (little too big but catchy example would be Wal Mart... xD), who comes into btc business.... Smiley
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August 29, 2012, 03:33:17 AM
 #172

well isn't bitinstant credit card coming... that might open the door for some real world merchant (little too big but catchy example would be Wal Mart... xD), who comes into btc business.... Smiley


That will give a boost to bitcoin economy for sure. Not quite sure it will "stabilize" tough.
BTW it is not a credit card but a prepaid card

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August 29, 2012, 08:19:14 AM
 #173

http://www.ifex-project.org/
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August 29, 2012, 07:22:04 PM
 #174

The beta stage is over.
 Release 1.0

Nope.
https://bitcointalk.org/index.php?topic=104173.0
Version 0.7.0 release candidate 1 ready for testing
28.August.2012, 21:02:26

You're welcome. :-)

Ente
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August 29, 2012, 07:40:58 PM
 #175

The beta stage is over.
 Release 1.0

Nope.
https://bitcointalk.org/index.php?topic=104173.0
Version 0.7.0 release candidate 1 ready for testing
28.August.2012, 21:02:26

You're welcome. :-)

Ente

We will still have to wait a long time before the beta stage is over.. at least another year.

Also i have good hopes for september  Grin
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August 29, 2012, 08:21:29 PM
 #176

The 0.7 release very likely has nothing to do with this major announcement. The 0.7 release is an improvement but there is nothing there that I'd consider major, so let's just wait.

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August 30, 2012, 05:14:06 AM
 #177

Yes, it was mentioned earlier but my favorite so far is Kim Dotcom.

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August 30, 2012, 11:51:26 AM
 #178

ISK will be pinned to Bitcoin in EVE and Dust 514 to DOMINATE the world of online gaming. =p

oh god, my two passions merging. i'd be done for!

i don't post much, but this space for rent.
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August 30, 2012, 01:11:15 PM
 #179

Yes, it was mentioned earlier but my favorite so far is Kim Dotcom.

Yep, I am hoping Dotcom accepts bitcoins for payments on his megabox service Smiley

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August 30, 2012, 01:20:18 PM
 #180

Has it been confirmed that Gavin wasn't referring to the BitInstant debit card?
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August 30, 2012, 01:34:53 PM
 #181

Has it been confirmed that Gavin wasn't referring to the BitInstant debit card?

Well, sort of. At least according to BitInstant CEO this September announcement has nothing to do with the debit card.

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August 30, 2012, 01:44:41 PM
 #182

well i think there are only a few ways to bring stablization into the market.... my favorite: more money through a major investment or a major merchant accepting btc now.
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August 30, 2012, 02:34:46 PM
 #183

well i think there are only a few ways to bring stablization into the market.... my favorite: more money through a major investment or a major merchant accepting btc now.

It would shoot the price to the moon instead of stabilize.
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August 30, 2012, 02:36:25 PM
 #184

That's the idea, stabilise the price of bitcoin at 1000 usd/btc
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August 30, 2012, 02:36:58 PM
 #185

Yes, it was mentioned earlier but my favorite so far is Kim Dotcom.

Yep, I am hoping Dotcom accepts bitcoins for payments on his megabox service Smiley

It would be even better if bitcoins would be the only method of payment.  Grin
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August 30, 2012, 05:47:41 PM
 #186

Yes, it was mentioned earlier but my favorite so far is Kim Dotcom.

Yep, I am hoping Dotcom accepts bitcoins for payments on his megabox service Smiley

It would be even better if bitcoins would be the only method of payment.  Grin

It might have to be! Paypal, Visa and Mastercard are all out. Most international bank transactions seem to use US-based banks as intermediaries. What else is left?

Just imagine panic buying frenzy caused by this.  Grin
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August 30, 2012, 06:00:50 PM
 #187

Yes, it was mentioned earlier but my favorite so far is Kim Dotcom.

Yep, I am hoping Dotcom accepts bitcoins for payments on his megabox service Smiley

It would be even better if bitcoins would be the only method of payment.  Grin

It might have to be! Paypal, Visa and Mastercard are all out. Most international bank transactions seem to use US-based banks as intermediaries. What else is left?

Liberty Reserve maybe?
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August 30, 2012, 11:27:57 PM
 #188

The 0.7 release very likely has nothing to do with this major announcement. The 0.7 release is an improvement but there is nothing there that I'd consider major, so let's just wait.

I'd say adding a rule to the protocol is worth a major announcement. so when the rc days are over, prepare for blocks 2.0 (not enforced until vast majority upgrades)

your ad here:
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August 30, 2012, 11:33:02 PM
 #189

Has it been confirmed that Gavin wasn't referring to the BitInstant debit card?

This announcement is not the BitInstant debit card  Smiley

The September announcement is very exciting!

-Charlie

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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August 30, 2012, 11:47:03 PM
 #190

Has it been confirmed that Gavin wasn't referring to the BitInstant debit card?

This announcement is not the BitInstant debit card  Smiley

The September announcement is very exciting!

-Charlie

Spit it out, don't hold for yourself  Grin

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August 31, 2012, 01:20:59 AM
 #191

It would be even better if bitcoins would be the only method of payment.  Grin

I don't see any other practical payment method he could take, TBH. Unless he plans to compete with BTC with his own cryptocurrency.
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August 31, 2012, 02:07:22 AM
 #192

Will a major company adopt bitcoin?  Google?
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August 31, 2012, 02:12:24 AM
 #193

Will a major company adopt bitcoin?  Google?

Apples announcment is in september....

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August 31, 2012, 02:32:53 AM
 #194

Will a major company adopt bitcoin?  Google?

Apples announcment is in september....

Both of those companies rely heavily on the current monetary system to exist. I doubt they want to stir the pot like that.
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August 31, 2012, 02:33:25 AM
 #195

Will a major company adopt bitcoin?  Google?

Apples announcment is in september....

Both of those companies rely heavily on the current monetary system to exist. I doubt they want to stir the pot like that.
Unfortunatley I agree  Sad

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August 31, 2012, 02:38:52 AM
 #196

I don't think Dotcom is THE announcement, but someone mentioned it, so I'll expand on why I think Dotcom is interested.  Kim Dotcom did a similar scheme where he said he was saving a company from bankruptcy by investing a bunch, but he didn't, and instead sold his shares after the rumor caused the price to go up. (http://en.wikipedia.org/wiki/Kim_Dotcom#Insider_trading_and_embezzlement)  I can see him wanting to do something like this to try and create another rise to gain similar rewards.
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August 31, 2012, 03:00:06 AM
 #197

I don't think Dotcom is THE announcement, but someone mentioned it, so I'll expand on why I think Dotcom is interested.  Kim Dotcom did a similar scheme where he said he was saving a company from bankruptcy by investing a bunch, but he didn't, and instead sold his shares after the rumor caused the price to go up. (http://en.wikipedia.org/wiki/Kim_Dotcom#Insider_trading_and_embezzlement)  I can see him wanting to do something like this to try and create another rise to gain similar rewards.

My guts agree with you. Dotcom is not a nice and honest person. But I doubt he is invested in Bitcoin. That's not his shoe size.

Edit: yet.

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August 31, 2012, 04:00:23 AM
 #198

do you really know that he's a nice and honest person? do you know him personally and well?

i like his work, but come on.

by the way just to throw needlessly obnoxious gasoline onto the fire of discussion, here's one for ya:

THE PIRATE THING WAS A WAY FOR DOTCOM TO GET A TON OF BITCOINS OMG!!!!!!!!1111
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August 31, 2012, 04:25:31 AM
 #199

Re: The best new Bitcoin PROJECT from China! (Tablets and BITCOINS)

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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August 31, 2012, 05:20:06 AM
 #200

do you really know that he's a nice and honest person? do you know him personally and well?

I didn't say that but I guess it's a typo on your end. I don't know him personally, although a person I ultimately trust claims I have been at an event with him long before he was in the news. Said person says he's been an arrogant idiot causing trouble back then and arrogant is what I find his public statements, too, so SuperP's concern doesn't sound far fetched to me.

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August 31, 2012, 05:27:39 PM
 #201

It is September in Bangkok.

So...what is it?

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August 31, 2012, 05:28:22 PM
 #202

reading every new in this issue, but, havent seen, or missed, which day of september ? 1st is tomorrow Smiley
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August 31, 2012, 05:54:43 PM
 #203

It is September in Bangkok.

So...what is it?

reading every new in this issue, but, havent seen, or missed, which day of september ? 1st is tomorrow Smiley

Somebody's trying hard to be ignorant.

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August 31, 2012, 08:26:31 PM
 #204

It is September in Bangkok.

So...what is it?

reading every new in this issue, but, havent seen, or missed, which day of september ? 1st is tomorrow Smiley

Somebody's trying hard to be ignorant.

Yep, gizmo is.

His grammar isn't great, but he's asking what day the announcement is supposed to happen.

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September 01, 2012, 01:50:24 AM
 #205

It is September in Bangkok.

So...what is it?

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September 01, 2012, 05:25:45 AM
 #206

It is now September where I am.

I don't understand how an open source project can hide major developments. I assume it isn't technical in nature.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
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September 01, 2012, 06:37:19 AM
 #207

It is now September where I am.

I don't understand how an open source project can hide major developments. I assume it isn't technical in nature.

I hope it is not directly related to code changes but even that would be ok. Each and everyone can fork the project if he doesn't like Gavin's style.

I think, this whole thread is pointless as it is hype for nothing in the end or maybe Gavin had some private project going or heard something that might turn out as vapor ware. Looking at Gox tells me that the guys with the money don't seam to expect much.

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September 01, 2012, 06:49:16 AM
 #208

It is now September where I am.

I don't understand how an open source project can hide major developments. I assume it isn't technical in nature.

I hope it is not directly related to code changes but even that would be ok. Each and everyone can fork the project if he doesn't like Gavin's style.

I think, this whole thread is pointless as it is hype for nothing in the end or maybe Gavin had some private project going or heard something that might turn out as vapor ware. Looking at Gox tells me that the guys with the money don't seam to expect much.

+1

such announcements are the way how establishment hunts attention in the world we know so far!

I know that I know nothing. And therefore I know more than those who don't know that they know nothing.
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September 01, 2012, 08:44:23 PM
 #209

So they've announced a new version 0.7.0 RC, is that what they were referring to? Or is it some particular feature of this release?

https://bitcointalk.org/index.php?topic=104173.0
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September 01, 2012, 09:00:12 PM
 #210

I  still think it's an Android tablet with adhoc bitcoin networking through wifi.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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September 01, 2012, 10:38:29 PM
 #211

I  still think it's an Android tablet with adhoc bitcoin networking through wifi.

That would be cool, but I'm not sure how that would contribute to any new "stability"
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September 01, 2012, 10:44:17 PM
 #212

Here is the annoucement:

youtube.com/rickroll

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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September 02, 2012, 12:31:11 AM
 #213

I  still think it's an Android tablet with adhoc bitcoin networking through wifi.

That would be cool, but I'm not sure how that would contribute to any new "stability"

Oh, so Google and Apple announced they just settled their argument and both launch this Bitcoin Mesh Network pre-installed on iPhone 5 and put it into the next Android version? I heard, Nokia is joining, too. No? It's just some toy project of somebody who tried it on his custom board and it worked? For a mesh network you need saturation and this would really only work if my completely utopian scenario #1 came true. If "only" android did it, it would take twice as long to saturate any area in the world with bitcoin connectivity over wifi. If you would patch all existing Android Bitcoin clients to have a service that burns your battery to provide this functionality, you would never ever ever reach saturation in downtown New York.

Edit: Maybe it would be sufficient for the BitPay cubicle Wink

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September 02, 2012, 01:05:38 AM
 #214

I  still think it's an Android tablet with adhoc bitcoin networking through wifi.

That would be cool, but I'm not sure how that would contribute to any new "stability"

Oh, so Google and Apple announced they just settled their argument and both launch this Bitcoin Mesh Network pre-installed on iPhone 5 and put it into the next Android version? I heard, Nokia is joining, too. No? It's just some toy project of somebody who tried it on his custom board and it worked? For a mesh network you need saturation and this would really only work if my completely utopian scenario #1 came true. If "only" android did it, it would take twice as long to saturate any area in the world with bitcoin connectivity over wifi. If you would patch all existing Android Bitcoin clients to have a service that burns your battery to provide this functionality, you would never ever ever reach saturation in downtown New York.

Edit: Maybe it would be sufficient for the BitPay cubicle Wink
I was referring to the Pandora's Box project

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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September 02, 2012, 02:35:28 AM
 #215

I think I found the major announcement:

https://bitcointalk.org/index.php?topic=105100.0

 Smiley
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September 02, 2012, 05:05:30 AM
 #216

I think I found the major announcement:

https://bitcointalk.org/index.php?topic=105100.0

 Smiley

Why is that noteworthy? Bitcoin community's women quota increased by 33%? More equality = more stability? Hmm … makes sense to me.

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September 03, 2012, 03:08:15 AM
 #217

I now think it is the Bitinstant card.
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September 03, 2012, 05:38:35 AM
 #218

A debit card allowing for broader use will create more recognition form the general public, that is for sure.
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September 03, 2012, 03:44:56 PM
 #219

I now think it is the Bitinstant card.

No - Bitinstant confirms it is not.

http://codinginmysleep.com/bitcoin-mastercard-followup-interview-with-charlie-shrem/#comment-2690