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Author Topic: Bitcoin press hits, notable sources  (Read 406787 times)
cbeast
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Let's talk governance, lipstick, and pigs.


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November 03, 2011, 11:31:31 AM
 #1581

http://www.fool.com/investing/general/2011/11/01/following-a-1000000-gain-a-slow-motion-crash.aspx

The Motley Fool follows up from a previous story.

Quote
But what about the long-term prospects? In an email, Andresen relayed that he remains upbeat on Bitcoin's future. Furthermore, he mentioned "dozens" of development-stage projects, including secure "Bitcoin wallets" for cellphones. Although he doesn't see such ventures as critical to Bitcoin's success, they could, in my view, provide a notable boost.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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November 03, 2011, 06:22:12 PM
 #1582

http://georgedonnelly.com/libertarian/how-to-bootstrap-mutual-aid-society

Not a new article, but I havn't seen it before.  It's not about Bitcoin per se, but mentions it.

"We need a MAS model that is resilient before we start risking people’s precious funds. We’re wise to take hints from bitcoin, open source software projects, anarchism, leaderless resistance and the whole peer-to-peer concept (P2P) (egalitarianism). If funds and lists aren’t stored centrally, they can’t easily be seized. If there is no bureaucracy and no company president or board, they can’t be indicted or compromised. The key to a resilient MAS is that simple: decentralize."

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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November 03, 2011, 11:54:29 PM
 #1583

http://www.t3.com/features/bitcoin-a-licence-to-print-money

Quote
A revolutionary electronic currency is shaking the global money tree. It began as a toy for geeks but is now making millions for investors – and criminals. T3 follows the virtual paper trail…
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November 04, 2011, 10:16:01 PM
 #1584

http://www.launch.is/blog/make-money-selling-weed-cocaine-and-porn-on-silk-road.html

Quote
Make Money Selling Weed, Cocaine and Porn on Silk Road

Total link-bait title, about Silk Road but mentions bitcoin.

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November 09, 2011, 08:03:31 PM
 #1585

http://www.americanbanker.com/btn/24_11/virtual-currencies-real-potential-1043673-1.html

Includes a small Bitcoin mention. The article is more focused on how traditional banks could offer virtual currency services.

Quote
In 18 months, depending on how the global banking/economic crisis plays out, the industry "may start to see the tip of the iceberg emerging" with banks offering virtual currency services, Newton says. "There's not going to be an overnight changing of the markets."
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November 10, 2011, 05:40:51 AM
 #1586

Quote
Making Money the (Computationally) Hard Way

2011-11-09
Lance Fortnow

http://blog.computationalcomplexity.org/2011/11/making-money-computationally-hard-way.html

"By request I am giving a lecture about Bitcoin in my crypto class."

"Not clear to me that it could scale for wide-spread use but still quite a clever and so far working system."

 Lance Fortnow:
    Professor
    Electrical Engineering and Computer Science
    Northwestern University McCormick School of Engineering

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November 10, 2011, 05:45:47 AM
 #1587

Working Paper (pdf)
Quote
On Bitcoin and Red Balloons

2011-11-02

Moshe Babaioff, Shahar Dobzinski, Sigal Oren, and Aviv Zohar.


https://sites.google.com/site/dobzin/papers/bitcoin.pdf?attredirects=0

Abstract
We study scenarios in which the goal is to ensure that some information will propagate through
a large network of nodes. In these scenarios all nodes that are aware of the information compete for
the same prize, and thus have an incentive not to propagate information. One example for such a
scenario is the 2009 DARPA Network Challenge (finding red balloons). We give special attention to
a second domain, Bitcoin, a decentralized electronic currency system.
Bitcoin, which has been getting a large amount of public attention over the last year, represents
a radical new approach to monetary systems which has appeared in policy discussions and in the
popular press [3, 11]. Its cryptographic fundamentals have largely held up even as its usage has
become increasingly widespread. We find, however, that it exhibits a fundamental problem of a
di®erent nature, based on how its incentives are structured. We propose a modification to the
protocol that can fix this problem.
Bitcoin relies on a peer-to-peer network to track transactions that are performed with the currency.
For this purpose, every transaction a node learns about should be transmitted to its neighbors in the
network. As the protocol is currently defined and implemented, it does not provide an incentive for
nodes to broadcast transactions they are aware of. In fact, it provides a strong incentive not to do
so. Our solution is to augment the protocol with a scheme that rewards information propagation.
We show that our proposed scheme succeeds in setting the correct incentives, that it is Sybil-proof,
and that it requires only a small payment overhead, all this is achieved with iterated elimination
of dominated strategies. We provide lower bounds on the overhead that is required to implement
schemes with the stronger solution concept of Dominant Strategies, indicating that such schemes
might be impractical.


This paper is also available on Microsoft Resarch: http://research.microsoft.com/apps/pubs/default.aspx?id=156072
(At least 2 of the authors are researchers at Microsoft Research, Silicon Valley)


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November 10, 2011, 11:09:56 AM
 #1588

Working Paper (pdf)
Quote
On Bitcoin and Red Balloons

2011-11-02

Moshe Babaioff, Shahar Dobzinski, Sigal Oren, and Aviv Zohar.


https://sites.google.com/site/dobzin/papers/bitcoin.pdf?attredirects=0

Abstract
..................................................................


 "Each node on the path in the tree from the seed to the authorizer appears on this
chain..."

yeah i get the point, some individuals realized they can't possibly trace transactions to their origin and now they try with social engineering schemes. Honest ppl will relay traffic regardless of their personal gain so they add value to the system, just like running a tor node, by helping other peers be free. They just suppose all nodes are miners, in their calculations.
I think it's a small price to pay for all the advantages i get in exchange  Cheesy

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November 10, 2011, 11:57:32 AM
 #1589

Working Paper (pdf)
Quote
On Bitcoin and Red Balloons

2011-11-02

Moshe Babaioff, Shahar Dobzinski, Sigal Oren, and Aviv Zohar.


https://sites.google.com/site/dobzin/papers/bitcoin.pdf?attredirects=0

Abstract
We study scenarios in which the goal is to ensure that some information will propagate through
a large network of nodes. In these scenarios all nodes that are aware of the information compete for
the same prize, and thus have an incentive not to propagate information. One example for such a
scenario is the 2009 DARPA Network Challenge (finding red balloons). We give special attention to
a second domain, Bitcoin, a decentralized electronic currency system.
Bitcoin, which has been getting a large amount of public attention over the last year, represents
a radical new approach to monetary systems which has appeared in policy discussions and in the
popular press [3, 11]. Its cryptographic fundamentals have largely held up even as its usage has
become increasingly widespread. We find, however, that it exhibits a fundamental problem of a
di®erent nature, based on how its incentives are structured. We propose a modification to the
protocol that can fix this problem.
Bitcoin relies on a peer-to-peer network to track transactions that are performed with the currency.
For this purpose, every transaction a node learns about should be transmitted to its neighbors in the
network. As the protocol is currently defined and implemented, it does not provide an incentive for
nodes to broadcast transactions they are aware of. In fact, it provides a strong incentive not to do
so. Our solution is to augment the protocol with a scheme that rewards information propagation.
We show that our proposed scheme succeeds in setting the correct incentives, that it is Sybil-proof,
and that it requires only a small payment overhead, all this is achieved with iterated elimination
of dominated strategies. We provide lower bounds on the overhead that is required to implement
schemes with the stronger solution concept of Dominant Strategies, indicating that such schemes
might be impractical.


Gavin have talked about the incentive of relaying transactions, maybe someone have the solutions?
The number of nodes is declining steadily.

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November 10, 2011, 01:33:46 PM
 #1590

Miners have a tit-for-tat incentive to propagate transactions to each other as quickly and reliably as possible. They might also have an incentive to collude. There is little incentive for an end-user to propagate transactions ('better for the whole') nor for miners to propagate to end-users, except that the costs of doing so are negligible compared to the discovery benefits. I'm cool with an ad-hoc central core of miners. With lower latency and higher reliability, the block rate could theoretically be lowered (faster confirmations), though other solutions such as green addresses or side channel credit transactions should be acceptable enough and instantaneous.

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November 10, 2011, 07:05:11 PM
 #1591


The number of nodes is declining steadily.

What do you base this statement upon?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
wareen
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November 10, 2011, 07:14:33 PM
 #1592


The number of nodes is declining steadily.

What do you base this statement upon?

Maybe graphs like this: http://bitcoinstatus.rowit.co.uk/ ?
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November 10, 2011, 07:55:03 PM
 #1593


The number of nodes is declining steadily.

What do you base this statement upon?

Maybe graphs like this: http://bitcoinstatus.rowit.co.uk/ ?

That chart likely wouldn't record my own 'shy' client, and I'm sure that there are more than just mine.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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November 10, 2011, 08:15:13 PM
 #1594

That chart likely wouldn't record my own 'shy' client, and I'm sure that there are more than just mine.
True and there are a number of other reasons why this number might go down - for example mining got more centralized due to lower profitability, people regaining confidence in webwallets, etc.

From a network security point of view in the spirit of the cited paper the reasons are however pretty much irrelevant. I don't think we have to worry yet, but it is arguably easier to do certain kinds of attacks with fewer nodes listening for connections.

Anyway, we probably should take this discussion some thread else.
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November 10, 2011, 10:11:42 PM
 #1595

http://mg.co.za/article/2011-11-11-can-digital-currency-coin-it/

Quote
Can digital currency coin it?
ALISTAIR FAIRWEATHER

From the Mail and Gaurdian Online (South African)
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November 11, 2011, 04:20:12 AM
 #1596

http://mg.co.za/article/2011-11-11-can-digital-currency-coin-it/

Quote
Can digital currency coin it?
ALISTAIR FAIRWEATHER

From the Mail and Gaurdian Online (South African)

http://mg.co.za/article/2011-11-11-can-digital-currency-coin-it/

yup, hellava nice article

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November 11, 2011, 04:43:41 AM
 #1597

CBS news station KOLD in Tucson Arizona is currently showing a video commercial for an upcoming TV story about Bitcoin that will air at their 10:00 news which starts about 20 minutes from now (10:00 PM Arizona time, 0500 UTC).  The video commercial is now visible on their website, as well as a prominent advertising blurb on the station's home page.

http://www.kold.com

It appears there is a link on the home page that allows live watching of the newscast.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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November 11, 2011, 12:29:45 PM
 #1598

Mike, you're a rock star. Great work. It's strange they framed you as 'the man in the cloud' or whatever you'd call the scratchy effect. But the apple pie living room background was an excellent touch. I wonder how they'd frame some eskimo on a whale hunt trading bitcoins over a sat link. Smiley

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November 11, 2011, 01:56:26 PM
 #1599

CBS news station KOLD in Tucson Arizona is currently showing a video commercial for an upcoming TV story about Bitcoin that will air at their 10:00 news which starts about 20 minutes from now (10:00 PM Arizona time, 0500 UTC).  The video commercial is now visible on their website, as well as a prominent advertising blurb on the station's home page.

http://www.kold.com

It appears there is a link on the home page that allows live watching of the newscast.

So it aired? Anyone have a link/recording?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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November 11, 2011, 01:58:03 PM
 #1600

CBS news station KOLD in Tucson Arizona is currently showing a video commercial for an upcoming TV story about Bitcoin that will air at their 10:00 news which starts about 20 minutes from now (10:00 PM Arizona time, 0500 UTC).  The video commercial is now visible on their website, as well as a prominent advertising blurb on the station's home page.

http://www.kold.com

It appears there is a link on the home page that allows live watching of the newscast.

So it aired? Anyone have a link/recording?

http://www.youtube.com/watch?v=peYNk3njNnQ

If you don't own the private keys, you don't own the coins.
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