Kim Dotcom Mansion: Press conference 2013-01-19 GMT

[jwzguy]

I anticipated the scenerio, but I imagine that some of those who bought the P2P hype a year ago might be down-faced about things.

Not at all. The P2P network exists and will continue to exist without every new user running a full node.

I know people who downloaded the default client and run it without ever investing or mining. They just wanted to support the idea.

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[Gabi]

Do you know that they are working on a new database system wich make the blockchain download much much much faster? I'm trying it since some days and it is really much faster. In like 6 hours or so a decent computer get the whole chain.
Yes, it is still a lot and that's why unless you want to run a full node, you should use a lightweight client (especially since lightweight clients have a much better interface!)

Electrum and Multibit are like the normal client but without the blockchain. They aren't online wallet lol

[tvbcof]

I anticipated the scenerio, but I imagine that some of those who bought the P2P hype a year ago might be down-faced about things.

Not at all. The P2P network exists and will continue to exist without every new user running a full node.

Of course.  Indeed, the modern banking system is also 'peer to peer'.  To become a 'peer', you just need to plunk down some capital on account at the central bank and get a license.  Easy as pie.

The "high-performance servers that handle the most complicated parts of the Bitcoin system" that Electrum brags about fail to impress me a lot.  Wells Fargo undoubtedly has gear which would put to shame whatever the Electrum branch of philosophical thought has cobbled together.  One way or another, that's exactly the opposite of what attracted me to Bitcoin in the first place.

I know people who downloaded the default client and run it without ever investing or mining. They just wanted to support the idea.

Interesting that already we are at a phase where it is occasionally the case that a forum member 'knows people' who undertakes such a novel and unusual thing as to run a client just to 'support the idea.'  Time is definitely on high speed in Bitcoin-land.

[justusranvier]

One way or another, that's exactly the opposite of what attracted me to Bitcoin in the first place.

I don't understand why you post here at all.

[tvbcof]

Do you know that they are working on a new database system wich make the blockchain download much much much faster? I'm trying it since some days and it is really much faster. In like 6 hours or so a decent computer get the whole chain.
Yes, it is still a lot and that's why unless you want to run a full node, you should use a lightweight client (especially since lightweight clients have a much better interface!)

I wish Satoshi would have entertained the (not completely unheard-of) concept of sharding as a possible way to address the inevitable scaling issues back when his brain was churning things.  I'm not impressed with how his theoretical work on Merkle pruning is coming along.  Even if someone adapts the most astonishing database technology imaginable to the problem, it's only going to go so far.  If Bitcoin takes off, that is.

Electrum and Multibit are like the normal client but without the blockchain. They aren't online wallet lol

Do the clients take part in strengthening the network...aside from (or as opposed to) paying up whatever is requested to the infrastructure operators?  (That is actually a fair question since I do not know the answer to it at this point, BTW.)

[jwzguy]

Interesting that already we are at a phase where it is occasionally the case that a forum member 'knows people' who undertakes such a novel and unusual thing as to run a client just to 'support the idea.'  Time is definitely on high speed in Bitcoin-land.

Are you being sarcastic? Have you heard of a little project called 'Tor'? Or 'SETI'? Or 'Folding@home?'
If you think it's so incredible that a forum member here knows other people who participate in novel and unusual computing projects even without the promise of huge returns, you should get out of the house more.

[tvbcof]

One way or another, that's exactly the opposite of what attracted me to Bitcoin in the first place.

I don't understand why you post here at all.

I guess it is largely because so far Theymos has not seen fit to restrict the forum to unquestioning fan-boys.

[tvbcof]

Interesting that already we are at a phase where it is occasionally the case that a forum member 'knows people' who undertakes such a novel and unusual thing as to run a client just to 'support the idea.'  Time is definitely on high speed in Bitcoin-land.

Are you being sarcastic? Have you heard of a little project called 'Tor'? Or 'SETI'? Or 'Folding@home?'
If you think it's so incredible that a forum member here knows other people who participate in novel and unusual computing projects even without the promise of huge returns, you should get out of the house more.

I was being sarcastic, but in a way which seemed to have escaped you completely.

[jwzguy]

I was being sarcastic, but in a way which seemed to have escaped you completely.

Congratulations on your failure to communicate. Bye.

[tvbcof]

I was being sarcastic, but in a way which seemed to have escaped you completely.

Congratulations on your failure to communicate. Bye.

To be more precise, my failure to communicate with you.  Adios.

[ArticMine]

Well one of the Mega resellers http://www.hosting.co.uk/mega.php is no longer accepting PayPal and is now accepting Bitcoin. I guess we should thank the folks over at http://stopfilelockers.com/ for their part in this.  

[Akka]

Well one of the Mega resellers http://www.hosting.co.uk/mega.php is no longer accepting PayPal and is now accepting Bitcoin. I guess we should thank the folks over at http://stopfilelockers.com/ for their part in this.  

Wow, now that is really cool. I didn't think this was going to happen so fast.

Awesome!

[WikileaksDude]

Well one of the Mega resellers http://www.hosting.co.uk/mega.php is no longer accepting PayPal and is now accepting Bitcoin. I guess we should thank the folks over at http://stopfilelockers.com/ for their part in this.  

Wow, now that is really cool. I didn't think this was going to happen so fast.

Awesome!

Now this is good news!

Lets hope the others will follow.

[AbsoluteZero]

Well one of the Mega resellers http://www.hosting.co.uk/mega.php is no longer accepting PayPal and is now accepting Bitcoin. I guess we should thank the folks over at http://stopfilelockers.com/ for their part in this.  

Bitcoins are being accepted at hosting.co.uk for All products and services not just mega.

This is very good news!

[constitution]

Love watching these press conferences.

[tvbcof]

For anyone interested, I found this on Dotcom's twitter:

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Max Keiser ‏@maxkeiser
Bitcoin is to central banks what mega is to Hollywood: the solution. CB's and H'wood are both poison. Encryption is the cure.
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I could not agree more with Max.  Also, it seems to lend some strength to my suspicion that Dotcom is at the very least, keenly aware of Bitcoin though it remains a mystery what his exact feeling and plans are.

[TraderTimm]

For anyone interested, I found this on Dotcom's twatter:

--------
Max Keiser ‏@maxkeiser
Bitcoin is to central banks what mega is to Hollywood: the solution. CB's and H'wood are both poison. Encryption is the cure.
--------

I could not agree more with Max.  Also, it seems to lend some strength to my suspicion that Dotcom is at the very least, keenly aware of Bitcoin though it remains a mystery what his exact feeling and plans are.

You know, I'd laugh my ass off if he has just been soaking up supply to kick off bitcoin oriented business plans. I have to admit that the appreciation has stunned even me.

[herzmeister]

Kim, as we know in Germany, is some kind of impostor.

He was portrayed in the media as hacker or cracker that he never was.

It was always people around him.

He seems to be somewhat a good marketeer and have talent at executing though. So nothing wrong with that.

But I guess his technical fellows would have to be convinced first then. If they fall for the usual misconceptions and veto, he won't include Bitcoin.

[World]

good interview
Kim Dotcom: 'I want to encrypt half of Internet
I think this war between Hollywood,CB's will not end well
Pentagon Looks to Beef Up Cybersecurity Force

[Bitcoinpro]

max u can thank me later