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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805109 times)
Odalv
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April 10, 2015, 09:54:52 PM
 #22701


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/
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justusranvier
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April 10, 2015, 10:28:04 PM
 #22702

I won't buy a hardware wallet until I'm satisfied the hardware designers have earned their pay.

That means using custom circuits that minimize the need for turing-complete components and formal proofs of correctness.

Until then, I don't see them as being appreciably better than my air gaped Armory offline laptop.
cypherdoc
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April 10, 2015, 11:29:08 PM
 #22703


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/


If you read the report carefully, you'd see that his attack is only possible if no pin or password is used.
79b79aa8d5047da6d3XX
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April 11, 2015, 12:06:53 AM
 #22704


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
sidhujag
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April 11, 2015, 01:10:33 AM
 #22705


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
explorer
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April 11, 2015, 01:17:03 AM
 #22706


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok

It would seem that you must search far and wide to find a bank that is truly solvent these days, however.
cypherdoc
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April 11, 2015, 01:39:46 AM
 #22707

I won't buy a hardware wallet until I'm satisfied the hardware designers have earned their pay.

That means using custom circuits that minimize the need for turing-complete components and formal proofs of correctness.

Until then, I don't see them as being appreciably better than my air gaped Armory offline laptop.

While you might have a point about the price of the Trezor, I'm more of the mind to get these types of much needed open source projects out sooner than later so that the community can start hacking away to improve them. The Trezor is pretty darn good.
79b79aa8d5047da6d3XX
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April 11, 2015, 02:02:46 AM
 #22708


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
huh? if someone moves your money out of your haxored bank account, good luck getting the bank to put it back.

also, i'd say that it is a good idea to distribute one's BTC across different, well-vetted storage solutions.
ranlo
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April 11, 2015, 04:18:36 AM
 #22709


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
huh? if someone moves your money out of your haxored bank account, good luck getting the bank to put it back.

also, i'd say that it is a good idea to distribute one's BTC across different, well-vetted storage solutions.

Uh, the bank WOULD do that. In fact, if you have a check stolen ("irreversible payment") and someone steals it and cashes it, the bank can reverse it months later. People seem to not understand that the central banking system runs everything, and any monetary payment through a bank (NOT wire, though wire can also be reversed) is reversible.

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sidhujag
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April 11, 2015, 07:39:12 AM
 #22710


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
huh? if someone moves your money out of your haxored bank account, good luck getting the bank to put it back.

also, i'd say that it is a good idea to distribute one's BTC across different, well-vetted storage solutions.
The bank must put back the money its codb for them.. Why else would we give them our money to feel cool?

Again unless its unsolvent..
brg444
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Bitcoin replaces central, not commercial, banks


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April 11, 2015, 06:44:16 PM
 #22711

Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Dusty
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April 11, 2015, 08:10:08 PM
 #22712

Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv
Wow, I listened to his talk about the idea to scale bitcoin and that guy seems to really get it.

Great addiction for the blockstream team!

Articoli bitcoin: Il portico dipinto
brg444
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Bitcoin replaces central, not commercial, banks


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April 11, 2015, 09:07:54 PM
 #22713

Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv
Wow, I listened to his talk about the idea to scale bitcoin and that guy seems to really get it.

Great addiction for the blockstream team!

Do you have a link?

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Dusty
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April 11, 2015, 09:26:51 PM
 #22714

Do you have a link?
Pettycoin: Losing Tiny Amounts of Bitcoin At Scale! [linux.conf.au 2014]
Pettycoin: Towards 1.0

Articoli bitcoin: Il portico dipinto
cypherdoc
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April 12, 2015, 02:20:21 PM
 #22715

British banking scandals have wiped out 60% of profits since 2011

http://uk.businessinsider.com/kpmg-british-banking-profit-report-and-scandal-costs-2015-4
manselr
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April 12, 2015, 04:26:31 PM
 #22716

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.

cbeast
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Let's talk governance, lipstick, and pigs.


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April 12, 2015, 04:34:18 PM
 #22717

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
cypherdoc
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April 12, 2015, 04:46:12 PM
 #22718

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

We put faith not only into the math but also into the Game Theory.

But then Nash put math into the Game Theory.
tvbcof
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April 12, 2015, 05:00:08 PM
 #22719

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.

I never saw gold and Bitcoin as being competitors.  At least when viewed from a personal perspective.  They complement one another.  They have some very key elements in common with one another (chiefly, and absence of counter-party risk) but in other ways they are fairly different.  Obviously Bitcoin is much newer and less well understood.  Evolutionary life-cycle forces make Bitcoin much more risky and volatile.  That is fine.  More than fine, actually, and there is certainly a place for such a thing in my portfolio.  I am delighted that such an item exists and exhibits the counter-party risk profile which is especially important to me.


sidhujag
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April 13, 2015, 04:41:00 AM
 #22720

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

We put faith not only into the math but also into the Game Theory.

But then Nash put math into the Game Theory.
Then he put the math into the consensus protocol named the blockchain
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