Cconvert2G36
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April 04, 2015, 01:38:11 AM |
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A brief moment of silence for tarmi's short going briefly into the red again.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Ask Ken About Love
Newbie
Offline
Activity: 56
Merit: 0
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April 04, 2015, 01:40:33 AM |
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Giraffes are just weird. They have weird knobby things on their heads. They drink weird. Pretty much everything about them is weird. Really cute in pictures tho, never seen one outside the zoo
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camolist
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April 04, 2015, 01:44:07 AM |
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28382 USD 15.41 BTC
roughly the daily swap interest payments
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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April 04, 2015, 01:57:10 AM |
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yes jorge take it to the technical discussion section you coward.
[ noise] ok, so you found the fatal flaw in bitcoin ... go, make yourself rich exploiting it, let us know how your academic exercises pay off. This is the problem: exploiting an idea means work, actually doing something, which is the antithesis of ivory tower academia where the only "work" done is relentlessly attacking the work of other people.
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 04, 2015, 01:58:43 AM |
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JorgeStolfi
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April 04, 2015, 02:00:07 AM |
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As said before, the "small group" [ that could take control of bitcoin ] will be the top 4-6 miners, who already have enough power to overcome all the others.
That is a paradoxical thing about the bitcoin protocol: no matter how massive he mining network, there will always be a potential enemy with the all power needed to take control of it. Just as, no matter how big of an army a country has, it will never be big enough to protect it from a military coup...
Yes but, notice, that countries with small armies, do exist. Sure, a bigger army could , right now, tomorrow take over the whole world, and then a little country would not have the ability to "protect itself" but do you notice, that the people of Luxemburg, the people of Ireland, the people of New Zealand, manage to get to sleep just fine. Whether big armies are good or bad is not the point. The point is that, no matter how big or small is the network (or the army), the risk of one part of it taking power and defeating the rest is about the same. In other words, a bigger network (or army) may offer more protection against attacks from outside, but not against attacks from inside. There have been military coups in countries of all sizes, from tiny Pacific(!) islands to large countries like Brazil, Pakistan, Indonesia, ...
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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April 04, 2015, 02:01:41 AM |
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28382 USD 15.41 BTC
roughly the daily swap interest payments
Very roughly!
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camolist
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April 04, 2015, 02:04:12 AM |
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Very roughly!
lol. well i cut off the decimals and it changes by the minute
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Ask Ken About Love
Newbie
Offline
Activity: 56
Merit: 0
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April 04, 2015, 02:08:57 AM |
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I'm'a gunna go ahead and type up some mildly insulting faggotry here I like that retarded thing that you typed up, because I am a visionary much like yourself. I rebelled against society at an early age by huffing gasoline & not getting brainwashed in gubermint schools! Let's bond and reassure each other we're not rubes who, once again, got suckered into a ridiculous get-rich-quick scheme that's fucking falling apart, just like the grownups told us it would. If not for you The winter would hold no spring Couldn't hear a robin sing I just wouldn't have a clue, if not for you I love you guys!
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YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
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April 04, 2015, 02:26:11 AM |
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SOON... DOOOOOM!
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Cconvert2G36
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April 04, 2015, 02:27:39 AM |
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No mention of this d00d today?
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JorgeStolfi
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April 04, 2015, 02:43:25 AM |
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Why do you presume you have the consensus on your side? Do you think a majority of the users/miners/pools will suddenly adopt your, or a like minded model? You come across with great egotism and hubris, like you have all the answers. As if no-one has ever dared deliberate your concerns.
It seems you too jumped into the middle of the discussion? I am not proposing anything, or trying to convince any miners or users about anything, I am just pointing out that the common claim "a mining cartel with 51% power cannot change the protocol" is based on simplistic and optimistic assumptions about what the cartel may want to achieve, how that "attack" would be carried out, and how the community would react to it. Claim: Even though the front door does not lock, burglars will not enter the store at night through it. Proof: The door opens out, not in. if a burglar tried to walk through the door, the door would stay shut and he would crash into it. Since the door is harder than his bones, he would hurt himself badly. His friends do not want him to get hurt, so they would call the cops to come and arrest him before he gets to the door. QED. To me, the standard argument used to dismiss the "51% takeover risk" sounds about as logical and convincing as the above, sorry.
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Tuck Fheman
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April 04, 2015, 02:45:05 AM |
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If I do not get some DOOOOOOOOOOOOOOOOOOOOOOOOOOOOM and soon....
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Cconvert2G36
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April 04, 2015, 02:46:50 AM |
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Does the burglar's booty bag become worthless when he steps over the threshold?
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 04, 2015, 02:58:41 AM |
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EpStROM
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April 04, 2015, 03:33:30 AM |
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If I do not get some DOOOOOOOOOOOOOOOOOOOOOOOOOOOOM and soon....
That's an optimistic price.
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BlackSpidy
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April 04, 2015, 03:37:29 AM |
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No mention of this d00d today? Why? what's up with that d00d?
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Xiaoxiao
Legendary
Offline
Activity: 1274
Merit: 1000
The Golden Rule Rules
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April 04, 2015, 03:39:03 AM |
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I've been thinking, and it seems the bitcoin market is really really hyped up, but bitcoin's actual uses: a small pool of gamblers and addicts. That is it. Until it is used for real buying and selling (which it is not in the least bit) I think the price could go to as low as $20-$50.
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BlackSpidy
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April 04, 2015, 03:48:37 AM |
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God damn it. Governments can't be trusted. Urgh. I'm so sick and tired of the shit they get away with. It's days like this when I wonder... Is ignorance bliss? I mean, am I really that less vulnerable by knowing what they can do?
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