Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[xyzzy099]

On a totally unrelated tangent, Mr. Stolfi:  I read some where that you were involved in something to do with E-voting systems in Brazil.  What are your thoughts on the various blockchain-based voting systems, and the impact they may have on fair and honest elections?  One example:

http://www.bitcongress.org/

I discussed that topic on reddit a couple of months ago:
Danish political party, Liberal Alliance, will be the first party to use the blockchain for voting internally!

Basically, the main problem of any totally-digital e-voting system is that at some point the voter's choice is stored only inside some piece of equipment, and there is no effective way to make sure that said equipment will not change the vote.   One may think of issuing a receipt that allows the voter to check whether his vote was counted, but there seems to be no practical way of (a) preventing the misuse of that receipt to coerce the voter, and (b) preventing the voter from falsely claiming that his vote was miscounted.

By the way, point (a) rules out voting-from-home right away, no matter how sophisticated the counting system.  Voting must be done in a special location, that is carefully designed and monitored to ensure that no one can see the voter's choice, not even if he wants to reveal it.   EDIT: For the same reason,  the voter must not be allowed to use his own equipment when voting. The equipment must be shared by many voters and must be such that it cannot know who is voting, and cannot leak any information other than the total,  not even the order in which votes were cast.

There may be fairly complicated ways of doing that [ secure paperless e-voting ] using cruptography.   If they can be proven to work, that would be great news.  However, I doubt that they will be better in practice than the proven medium-tech solution: besides the electronic counting, ensure a paper record of the vote, that the voter can check and the system cannot change afterwards; store that in a conventional ballot box; and count the paper ballots at the voting place, manually, at the end of voting day.  That is a solution that everybody understands and anyone can help to implement.  Cannot get more decentralized and voter-centric than that...

Moreover, I don't see why it would be a good idea to use the bitcoin protocol and blockchain, rather than a separate special-purpose protocol.   Using the bitcoin blockchain for voting sound like "how can we use a jet engine to make popcorn".  

Ok, at this point, I'm gonna go ahead and call it:

Jorge Stolfi is just an old dog who simply cannot or will not learn a new trick. 

Thanks for the insight.

[Phillis]

i am enjoying this slow and steady rise, but 530 will basically decide where we go.

[ChartBuddy]

Explanation

[eratta]

https://i.imgur.com/GEKBeCk.png?1

dem bids be stacking (Stamp)

[fonzie]

dem bids be stacking (Stamp)

 

[macsga]

Next stop @ $550? I could accept that!!!

[spooderman]

It's a start

[JorgeStolfi]

Jorge Stolfi is just an old dog who simply cannot or will not learn a new trick. 

My dog has learned to run after the stick, but not yet to bring it back.  But it is too young, hopefully it will learn in due time. 

[fonzie]

Jorge Stolfi is just an old dog who simply cannot or will not learn a new trick.  

My dog has learned to run after the stick, but not yet to bring it back.  But it is too young, hopefully it will learn in due time.  

Can we expect a respectable DOGE rebound in the next months? I know yoú have been a long term follower of the DOGE community so i would like to hear your opinion.  

[NotLambchop]

...
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  Simply because nothing else could have (unless you believe in something external and separate from mankind, like God, Satan, or Princess Twilight Sparkle).  A truism, but worth repeating.

No one sets out to build a skyscraper thinking "I'll build shitloads of stairs, hallways, lobbies, fire exits, elevators, escalators, doors, security stations, fire suppression apparatus, HVAC, etc., etc."  But without those things, buildings bigger than a shack are useless.  That's why all the mentioned stuff is made--not because some architect had a fetish for wasting space, time and money.  And saying that your shotgun shack does just fine without an elevator, hallways, or stairways is not an argument to their uselessness.  It's also not an argument for getting rid of skyscrapers and replacing them with shotgun shacks "because then you don't need to build elevators."  

When one person messes up, it affects a few. When Government messes up, if affects millions.

Huh?  

[rebuilder]

Moreover, I don't see why it would be a good idea to use the bitcoin protocol and blockchain, rather than a separate special-purpose protocol.   Using the bitcoin blockchain for voting sound like "how can we use a jet engine to make popcorn".  

Actually this is a bolt-on use for the Bitcoin blockchain that for once makes some kind of sense to me. Assuming we've set aside the issue of whether or not electronic voting is a good idea in the first place, and solved or accepted the issues you outline, what is needed is a trustless (or low-trust) consensus-finding mechanism. Providing one is the main innovation of Bitcoin, and it's a system that's already running and proven to be resistant to counterfeiting. You could roll a new blockchain or similar system for voting purposes, but it would be much easier to tamper with due to not having the huge aggregate hashrate the Bitcoin network has.

Maybe it's possible to come up with a different protocol as you suggest, but I'm not aware of any better. If such is invented, it should have uses in the crypto currency field as well.

[ChartBuddy]

Explanation

[ErnieX]

On track to reach US$670.

[billyjoeallen]

On track to reach US$670.

Before a pull back at resistance and then on to $5,000 some time early next year. A slow grind up is the best bullish signal beside higher highs and higher lows. I think there may be one more visit into the $500s before we never see them again.  I hope so. I need to get the rest of my trading cash in before a can forget about Bitcoin for a couple of months.

[Phillis]

and a little dump

[billyjoeallen]

and a little dump

not a big enough dump for me. I want MOAR COINZ!!!!

[klee]

If it breaks 510 probably another bull trap

[BitChick]

So I just got back from a family trip to Disney World.  My cell phone totally died on the second day so I had no internet for almost a week.  Did I miss anything?  According to the price it looks like it was a good week to take a break from BTC.  

 

[billyjoeallen]

If it breaks 510 probably another bull trap

that all depends on the volume. if it doesn't go below $450 and there is high volume, I'm gonna bump up to  85% crypto.

[zby]

If it breaks 510 probably another bull trap

That's what I am looking at (on Stamp).