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Author Topic: In which way bitcoin can change the future?  (Read 3963 times)
Vladimir
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July 16, 2011, 08:26:19 AM
 #21

Vladimir, I see you've given up on your "reliable UK-based business" tag again - does your sig somehow reflect your view of the current state of the Bitcoin economy? I admit I found it funny to see when you changed it last time with the great influx of new people - possibly to give a more serious impression to potential new customers. What made you change it back now?

Just feeling a bit whimsical I suppose, hence the billionaire line is back.

And anyway... everyone knows that my biz is as reliable as it gets. It's a freaking IBM of bitcoin universe. No point to endlessly restate the obvious, really.

I might change it back on the next burst, of course.

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nazgulnarsil
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July 16, 2011, 08:34:55 AM
 #22

With reference to a number of great posts above, with bitcoin it would also take half the time to develop faster than light speed travel technologies, as compared to the present scheme with middlemen leaching a few percent from every other transaction.



FTL violates causality.  Acausal universes probably can't harbor life.


Of course, but hey... not so long ago people were as sure as you now on the above that the Earth is flat.

Moreover, even if your statement is true, this does not make my statement false i.e. there is nothing wrong in the following formula:
 
  infinity/2



see the church-turing thesis.  uncomputable reality isn't really worth considering since it's unprovable.
wareen
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July 16, 2011, 08:42:52 AM
 #23

And anyway... everyone knows that my biz is as reliable as it gets. It's a freaking IBM of bitcoin universe.
Wink
Yes, you've obviously come a long way since your first mining-rig.

I guess that's also what we will see with time in the Bitcoin-economy as a whole - we have many half-baked sites/projects/ideas now and they will develop and improve over time. Some might vanish, others will thrive and become more professional. They will strengthen the backbone of tomorrows Bitcoin-economy. There is some serious money to be made by innovative and brave entrepreneurs utilizing some of the great potential of Bitcoin.

That's going to take some time though...
wareen
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July 16, 2011, 09:00:34 AM
 #24

uncomputable reality isn't really worth considering since it's unprovable.
Wow, so you're only dealing with the known computable aspects of your reality? And then some people think I'm a nerd Cheesy
Vladimir
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July 16, 2011, 09:05:08 AM
 #25

improbable != impossible

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nazgulnarsil
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July 16, 2011, 12:11:04 PM
 #26

discussing the nature of reality on a bitcoin forum probably isnt the best use of my time.
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July 16, 2011, 12:33:35 PM
 #27

discussing the nature of reality on a bitcoin forum probably isnt the best use of my time.
Why not? There are probably many people here disconnected enough to be qualified for giving an objective outsider's view on reality.

Just kidding folks Grin
ctoon6
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July 16, 2011, 12:50:42 PM
 #28

the planet to planet latency issue does not need to be resolved, just let them fork. or make a MC coin, mars coin. changing to and from MC and BC would be really easy and take at most an hour without any centralization.

or you could just never generate coins on mars. you could just interface with earth via radio or whatever and spend coins that way. I don't see it to hard to believe that people on mars would own earth boxes that control from mars. this would cause issues with spending money at storefronts though. this could be fixed with centralization.

overall it would be best to just make MC or BC2

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July 16, 2011, 12:54:09 PM
 #29

the planet to planet latency issue does not need to be resolved, just let them fork.

By the time we're seriously colonizing Mars, we'll probably have evolved beyond ownership.
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July 16, 2011, 01:09:05 PM
 #30

the planet to planet latency issue does not need to be resolved, just let them fork.

By the time we're seriously colonizing Mars, we'll probably have evolved beyond ownership.

hawkings said that the civilization or person that donated most of the money to get this going would be the most generous in all of human history because it would be something they would never see again. ill try to find it as it is a really good movie if you are interested in that sort of thing.

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July 16, 2011, 01:18:03 PM
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hawkings said that the civilization or person that donated most of the money to get this going would be the most generous in all of human history because it would be something they would never see again. ill try to find it as it is a really good movie if you are interested in that sort of thing.

Didn't understand "because it would be something they would never see again".. say again?

Yes, I am interested cheers.
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July 16, 2011, 01:35:26 PM
 #32

Is everyone too afraid to even mention the Jim Bell system?

I wonder if he has heard of bitcoins from inside Federal prison yet.
He is due to be released in March of 2012.

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July 16, 2011, 02:56:11 PM
 #33

hawkings said that the civilization or person that donated most of the money to get this going would be the most generous in all of human history because it would be something they would never see again. ill try to find it as it is a really good movie if you are interested in that sort of thing.

Didn't understand "because it would be something they would never see again".. say again?

Yes, I am interested cheers.

Stephen Hawking's Universe is what it is. http://www.youtube.com/user/Gravitationalist#grid/user/E1FDD899F0F06549

that phrase can also mean 2 things, that it was because civilization has went as you said it would or it was because of capitalism, that we are so successful that it would not be much to spend.

It is also leaned more towards going to other star systems. So such a ship would be made after we are able to get about our own solar system is trivial. that would mean we would not be using ~10% of all the earths metal to make the ship

nazgulnarsil
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July 16, 2011, 03:02:17 PM
 #34

thorium reactors, space elevator, and asteroids.
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July 16, 2011, 04:34:10 PM
 #35

Cheap interplanetary travel achieved by lining the bottom/back of a ship with mining rigs, their heat exhaust ports pointing outwards. Travel while mining for bitcoin (fees)

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July 16, 2011, 05:19:30 PM
 #36

Bitcoin will cause a huge split in the market, and possibly lead to a full-scale nuclear world war, when the Bitcoin block chain on the Mars colony permanently forks from the Earth one due to the 15 to 30 minute communication lag, leading to double-spending, loss of faith in the currency, and vastly increased tensions between two already strained political entities. Satoshi should've foreseen the 10 to 20 minute one-way radio transmission time issue when he designed Bitcoin, and made the block generation either take more time, or have built-in interplanetary redundancy.

This won't happen as described. If bicoin is not replaced with something more latency-tolerant, the Mars Colony would start their own blockchain with their own version number. The reason a split of the existing chain would not be attempted is that the longest blockchain wins. That implies the Mars fork would never be accepted.

Of course, exchanges supporting latency-tolerant transactions would be set up. A bigger problem, is what prevents the larger network from manipulating the smaller one?

James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE  0A2F B3DE 81FF 7B9D 5160
error
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July 16, 2011, 05:55:47 PM
 #37

Mars will simply have to have its own independent block chain. Right now there's no way around it. Smiley

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July 16, 2011, 08:31:29 PM
 #38

Isn't it about time you guys get off the grandiose idea circlejerk and get to work actually making this dream come true?

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July 16, 2011, 08:47:29 PM
 #39

Bitcoin will make governments and central banks and other banks honest. (Yea I know this is quite a stretch)

Assuming that governments can't stop bitcoin (not saying they can or can't), what is to stop them using bitcoin themselves, including for their black projects? Now, *that* would jack up the value!
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July 16, 2011, 09:21:10 PM
 #40

Bitcoin will make governments and central banks and other banks honest. (Yea I know this is quite a stretch)

Assuming that governments can't stop bitcoin (not saying they can or can't), what is to stop them using bitcoin themselves, including for their black projects? Now, *that* would jack up the value!

The CIA has already shown some interest in this direction. So it's possible.

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