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HeliKopterBen
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October 01, 2013, 01:07:41 AM |
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Zerocoin does not need to be implemented directly into the core protocol. These services can work just as well outside bitcoin with only access to the system. Additional features only add to the risk for problems to occur such as the March fork. If these features are not an absolute requirement for the system to work properly then they should be left out.
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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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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SgtSpike
Legendary
 Offline
Activity: 1400
Merit: 1005
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October 01, 2013, 01:17:32 AM |
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HISTORICAL NET ASSET VALUE/PER SHARE (NAV):*
September 30, 2013: $13.26
September 27, 2013: $13.35
September 26, 2013: $12.67
September 25, 2013: $12.88
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NewLiberty
Legendary
Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
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October 01, 2013, 01:35:38 AM |
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Zerocoin does not need to be implemented directly into the core protocol. These services can work just as well outside bitcoin with only access to the system. Additional features only add to the risk for problems to occur such as the March fork. If these features are not an absolute requirement for the system to work properly then they should be left out.
Zerocoin's use with Litecoin might be considered? |
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HeliKopterBen
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October 01, 2013, 10:22:56 AM |
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Zerocoin does not need to be implemented directly into the core protocol. These services can work just as well outside bitcoin with only access to the system. Additional features only add to the risk for problems to occur such as the March fork. If these features are not an absolute requirement for the system to work properly then they should be left out.
Zerocoin's use with Litecoin might be considered? I doubt that the dev team has the chops... Maybe PPC. Ok. Let an alt coin test it and work out the bugs, not just testnet. If successful, then maybe put it in bitcoin if necessary, especially if the alt coin gains market share, presumably because of zerocoin. |
Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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October 01, 2013, 10:24:57 AM |
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Zerocoin does not need to be implemented directly into the core protocol. These services can work just as well outside bitcoin with only access to the system. Additional features only add to the risk for problems to occur such as the March fork. If these features are not an absolute requirement for the system to work properly then they should be left out.
Zerocoin's use with Litecoin might be considered? I doubt that the dev team has the chops... Maybe PPC. Ok. Let an alt coin test it and work out the bugs, not just testnet. If successful, then maybe put it in bitcoin if necessary, especially if the alt coin gains market share, presumably because of zerocoin. Alt coins currently working on 0coin: Anoncoin, Megacoin, Novacoin, Neocoin |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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October 01, 2013, 10:55:08 AM |
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Yes, let some altcoins be lab rats for Zerocoin, and ONLY if it can be done without a hard fork, add it to Bitcoin.
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Sometimes, if it looks too bullish, it's actually bearish
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600watt
Legendary
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Activity: 2338
Merit: 2106
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October 01, 2013, 10:59:56 AM |
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just a reminder...  |
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SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
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October 01, 2013, 03:22:27 PM |
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just a reminder... I do not know what you are reminding me of. |
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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October 01, 2013, 03:27:04 PM |
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de-railed thread
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User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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October 11, 2013, 05:21:18 AM |
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this is all building in the direction i personally conceptualized from the beginning of my involvement in Bitcoin in early 2011. that of a Bitcoin Standard.
it seems reasonable that derivative products such as BIT will continue to be developed. this is good in that it increases liquidity and velocity. taking it one step further, i can easily see the use of the USD and other fiat currencies being fractionally reserved off of a Bitcoin Standard, much like gold was used prior to 1971.
it would be so easy to implement and it would bring a much needed discipline to the market.
there is no reason Bitcoin needs to bring Armageddon.
That would imply a huge jump up in exchange rate and total valuation. Also in order for derivatives to work it would imply some sort of control by authorities of the underlining bitcoin but how do you see it integrated or rather brought under control of authorities or do you picture them just bowing down to the new bitcoin trillionaires like yourself? Honestly I agree with what you are saying except for one thing. Power in the world has never passed peacefully from one group to another and I don't see that changing anytime soon. Gold has been outlawed before. Is it not possible that before the endgame of derivatives based on bitcoin the government will issue the exact same order. Bitcoin hoarders must turn in their bitcoins. That's assuming bitcoins won't get outlawed in general before then. |
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SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
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October 11, 2013, 06:46:11 PM |
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I am quite honestly surprised there's not been more price movement because of this...!
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User705
Legendary
Offline
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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October 11, 2013, 07:05:18 PM |
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To be honest with the way the price dropped on SR news and then quickly recovered but can't seem to go above 130-140 feels very manipulated. Combined with various exchanges having withdrawals issues it's starting to feel like tinfoil hat time.
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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October 11, 2013, 08:01:51 PM |
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Historical Net Asset Value
The Net Asset Value (NAV) of the Bitcoin Investment Trust is calculated daily at 4pm ET*. Historical NAV:
October 10, 2013: $13.14
October 9, 2013: $13.03
October 8, 2013: $12.52
October 7, 2013: $12.77
October 4, 2013: $12.63
October 3, 2013: $11.70
October 2, 2013: $11.86
October 1, 2013: $13.22
September 30, 2013: $13.26
September 27, 2013: $13.35
September 26, 2013: $12.67
September 25, 2013: $12.88
This actually looks great to a potential investor IMO. Especially in light of Silk Road getting closed right in the middle. |
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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October 11, 2013, 08:35:36 PM |
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Historical Net Asset Value
The Net Asset Value (NAV) of the Bitcoin Investment Trust is calculated daily at 4pm ET*. Historical NAV:
October 10, 2013: $13.14
October 9, 2013: $13.03
October 8, 2013: $12.52
October 7, 2013: $12.77
October 4, 2013: $12.63
October 3, 2013: $11.70
October 2, 2013: $11.86
October 1, 2013: $13.22
September 30, 2013: $13.26
September 27, 2013: $13.35
September 26, 2013: $12.67
September 25, 2013: $12.88
This actually looks great to a potential investor IMO. Especially in light of Silk Road getting closed right in the middle. Right. With the Silk Road closure this is very impressive. Now if it bumps up to $15 or $20 there will hopefully be some very interested investors I would think. At some point it is stupid NOT to take a risk. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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October 11, 2013, 08:37:12 PM |
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To be honest with the way the price dropped on SR news and then quickly recovered but can't seem to go above 130-140 feels very manipulated. Combined with various exchanges having withdrawals issues it's starting to feel like tinfoil hat time.
There is probably some manipulation going on but at some point the people with the power to manipulate will want the price to go up so I guess it is best to just be patient I would think. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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bobdude17
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October 14, 2013, 09:48:36 PM |
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No NAV calculation today? What gives?
Edit: Also the Investor Presentation is now marked private? This does not give me a good feeling at all... Government finally having an issue?
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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October 14, 2013, 10:06:33 PM |
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No NAV calculation today? What gives?
Edit: Also the Investor Presentation is now marked private? This does not give me a good feeling at all... Government finally having an issue?
Historical Net Asset Value The Net Asset Value (NAV) of the Bitcoin Investment Trust is calculated daily at 4pm ET*. Historical NAV: October 14, 2013: $14.27 October 11, 2013: $13.03 October 10, 2013: $13.14 October 9, 2013: $13.03 October 8, 2013: $12.52 October 7, 2013: $12.77 October 4, 2013: $12.63 October 3, 2013: $11.70 October 2, 2013: $11.86 October 1, 2013: $13.22 September 30, 2013: $13.26 September 27, 2013: $13.35 September 26, 2013: $12.67 September 25, 2013: $12.88 |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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bobdude17
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October 14, 2013, 10:12:18 PM |
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Ah ok, good. I was looking at bitcointrust.co where that info is not listed yet.
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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October 14, 2013, 10:27:58 PM |
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No NAV calculation today? What gives?
Edit: Also the Investor Presentation is now marked private? This does not give me a good feeling at all... Government finally having an issue?
you don´t find something (happens, n.p.) and then you conclude out of this single (non)-fact that - the government had to do with it ? makes we wonder what you conclude when you do find something.  |
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bobdude17
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October 14, 2013, 10:32:10 PM |
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No NAV calculation today? What gives?
Edit: Also the Investor Presentation is now marked private? This does not give me a good feeling at all... Government finally having an issue?
you don´t find something (happens, n.p.) and then you conclude out of this single (non)-fact that - the government had to do with it ? makes we wonder what you conclude when you do find something. Yeh yeh I knew somebody would say something  Lol I'm twitchy right now. So much uncertainty in the air. |
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