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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Exonumia
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July 03, 2011, 04:54:04 AM |
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I'm new here... why should I take anything serious from a hungover guy who doesn't know the difference between centralized and decentralized p2p systems?
He sure yells a lot... is he a right wing talk show host?
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haydent
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July 03, 2011, 04:56:24 AM |
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Thank god for this guy. These forums get pretty boring sometimes.
what are you talking about, this is crap |
2x Gigabyte 6950 OC @ 920/450 w/ ati tray tools (1 shader modded) - 760Mhs on ozco.in 0% fee aus pool
btc: 1HS5Brzcsh7XkJn566XYbvfpa2JuBRBdss
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Bitcoin Swami (OP)
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July 03, 2011, 04:58:18 AM |
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Thank god for this guy. These forums get pretty boring sometimes.
what are you talking about, this is crap This is what we're up against. |
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Gladiator
Newbie
 Offline
Activity: 42
Merit: 0
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July 03, 2011, 05:11:53 AM |
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dood001
Newbie
Offline
Activity: 42
Merit: 0
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July 03, 2011, 05:18:45 AM |
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Buy something that someone will always want - Guns, ammo... OMFG LOL
Thanks for posting this - big larf here!
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bitbot
Member
Offline
Activity: 70
Merit: 10
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July 03, 2011, 05:28:54 AM |
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is this raw dog video related to the bitcoin porn website?
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Jaime Frontero
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July 03, 2011, 06:08:54 AM |
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is this raw dog video related to the bitcoin porn website?
yeah. the guy is a dick with ears. |
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Anonymous
Guest
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July 03, 2011, 06:14:21 AM |
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He just said Napster was P2P. Oh lawd.
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Andrew Vorobyov
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July 03, 2011, 09:58:42 AM |
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Oh my God... I'm mining my bitcoins and waiting for guys like THIS to use them!???
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kwukduck
Legendary
Offline
Activity: 1937
Merit: 1001
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July 03, 2011, 10:17:49 AM |
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He just said Napster was P2P. Oh lawd.
Check his previous video's, he's an ICT guy, he knows stuff xD |
14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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Matarael
Newbie
Offline
Activity: 24
Merit: 0
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July 03, 2011, 11:39:05 AM |
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I love the contradictions.
First you can modify the client to make more bitcoins.
And then, when the bitcoins are stolen, you can't just recreate them?
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YoYa
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July 03, 2011, 11:55:53 AM |
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He just said Napster was P2P. Oh lawd.
But look at all those Microsoft certification books in the background! This man surely knows what he is talking about!  |
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finack
Member
Offline
Activity: 126
Merit: 10
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July 03, 2011, 12:01:32 PM |
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what are you talking about, this is crap
you're crazy, this dude is awesome. |
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elggawf
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July 03, 2011, 02:00:18 PM |
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Rant warning:
I love how completely and utterly clueless he is about some of his points - "you can't change the source". Bullshit, you can change the source and run it just fine and it will work as long as you don't break the rules of the system. You're also not forced to update your client for that reason - as long as your old client doesn't break any of the rules as understood by the majority of the network, you can use whatever client you like.
"They can just change the client to allow more Bitcoins" - yeah, if they want to fork the network. It's then pretty much guaranteed that such a heinous shift in trust would cause irreparable damage to both Bitcoin forks at that point, so it's pretty much irrelevant whether the >21m BTC network wins the fork fight because everyone's going to be fleeing the flaming wreckage of Bitcoin at that point. So it's in absolutely no one's best interest to change the rules of the game like that.
Seriously, I posted about this a while back - I'm not a koolaid-drinking Bitcoiner. I'm a guy who sees this as an interesting opportunity to have a completely unregulated free market experiment, even if it's relegated to niche status and never even reaches 1% of the world economy. I'm a guy who can still see the plausibility of a scenario where the value of them reaches almost-zero.
But I'm also a guy who can't help but notice the superiority complex of it's detractors - the very same smug attitudes that many perceive Bitcoiners of having: "it can't possibly fail"... it's detractors have the exact same attitude in the reverse direction: "it can't possibly succeed, it's going to crash to zero this weekend". After shrieking about the sky falling for what, five weeks in a row that I've bothered watching? They're finally given up on that and are now insisting it's going to be a slow decline into oblivion.
There's fundamentally no difference between the arguments "It can't possibly fail" and "It can't possibly succeed." Bitcoin could very well fail, for all manner of reasons (though I would think that disregarding the fact some people would lose money on it, the idea on the whole is a resounding success: we've proven that a peer2peer network with no central authority can ascribe value to a completely imaginary construct, if Bitcoin falls to almost-zero now we'll just have proven that it was overvalued by a lot of hype... not that it was valueless).
The same people who sit there with smug grins while spouting arguments like "they don't understand why a deflationary currency is bad" don't even have the mental effort required to go read the wiki and figure out that this argument has already been put forth and dismissed. Argue the counter arguments all you like (in fact, it would be really interesting) but as it stands "deflationary currency is bad because no one wants to spend the currency and that leads to a spiral" is not only provably incorrect absent more supporting evidence, but it's actually boring. Yep, boring. I would love to hear more scenarios where Bitcoin is broken, along with new supporting evidence that hasn't been put forth yet - it's terribly interesting, but the same rehashed arguments based on incorrect assumptions are boring flamebait.
When a detractor comes up with inane bullshit like that the FBI could just go right down the list of transactions and then arrest everyone, it's really hard to take them seriously. It shows a complete and utter misunderstanding of how the system works, and that you're not equipped to be advising on it in any fashion (positive or negative). In the exact same stupidity that detractors allege Bitcoiners have, for making this or that failed assumption, detractors make an equal amount every day.
They just don't get it - everything they say about Bitcoiners is true about themselves in some sense as well. Every fucking thing.
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^_^
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Jaime Frontero
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July 03, 2011, 03:53:15 PM |
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Rant warning:
They just don't get it - everything they say about Bitcoiners is true about themselves in some sense as well. Every fucking thing.
welcome to human nature. we become what we hate. every holier-than-thou god freak who rants against abortion has probably participated (in some way) in one. every republican who rants against deficit spending is probably living on maxed-out credit cards. every gay-basher probably dreams about rainbows. every democrat who rants against guns probably owns one. every tea-bagger who rants about government entitlement programs is probably standing under the dollar shower. the trick is to own a mirror. |
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noedaRDH
Full Member
Offline
Activity: 182
Merit: 100
Finding Satoshi
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July 03, 2011, 05:26:57 PM |
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Rawdawg's stupidity, even if his views are negative, is only helping to give Bitcoins more publicity.
You should be careful of guys like Daytradeshow. If the guy isn't a paid troll then I feel really sorry for that idiot.
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1NwGKiLcAngD1KiCCivxT6EDJmyXMGqM9q
Ask not what Bitcoin can do for you - ask what you can do for Bitcoin.
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