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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?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2010717 times)
sickpig
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May 25, 2015, 07:58:29 PM
 #24761

What a pity, such offline keys exchange technique won't be open source
 
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2. Will it be open source?
Probably not. The main reason for this is that most of the Elliptic Curve crypto functionality
used in the OtherCoin firmware is only available as a set of proprietary crypto functions by
the secure chip manufacturers (NXP and Infineon). We are bound by NDAs and contractual
terms with them to not expose any proprietary and confidential information and that covers
the crypto functionality inside the OtherCoin.

However, as noted above, the OtherCoin has no access to your keys, it does not sign
transactions or communicate to the outside world by itself in any way. Its only purposes are
to generate Bitcoin keys, keep them safe and certify that they haven’t been revealed or
securely send them to another card.

Closed source, non-auditable crypto it's not something I would trust enough to put any value into.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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tvbcof
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May 25, 2015, 08:06:49 PM
 #24762

I think you have that almost exactly backward. ...

The tell is not the behaviour of schoolchildren that matters - it's the behaviour of the apparatchik.
...

Reasonable analysis, and as you know I'm historically dubious about much of your analysis.  Thx.


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May 25, 2015, 10:09:38 PM
 #24763

should be pretty obvious to anyone paying attention we have a short term problem going on here.   thing is it's not just any 'ol problem, it's a Dow Theory non-confirmation that is beginning to drag down the $DJI.  given that we've had one of these at almost every mkt top in the last 100 yrs, it's worth paying attention to.  that's bad news but goes along with what' going on in the real economy:

HSBC fears world recession with no lifeboats left

http://www.telegraph.co.uk/finance/economics/11625098/HSBC-fears-world-recession-with-no-lifeboats-left.html

i have been warning of this for months as this has been telegraphed with the downturn in commodities (esp oil), mining companies, BDI, foreign stock mkts, junk, muni, and investment grade bonds, etc. over the last year.  this is also consistent with the principle of all mkts moving together as one as a secondary reaction to money printing, mainly by the Fed. it's all one big pump.  imo, given this weakness, there is no way they will raise rates as indicated in the above article.  and that means, to me, that fixed supply type assets such as Bitcoin should rise as either a result of further QE, or simply as a safe haven.

Fakhoury
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May 25, 2015, 10:16:03 PM
 #24764

should be pretty obvious to anyone paying attention we have a short term problem going on here.   thing is it's not just any 'ol problem, it's a Dow Theory non-confirmation that is beginning to drag down the $DJI.  given that we've had one of these at almost every mkt top in the last 100 yrs, it's worth paying attention to.  that's bad news but goes along with what' going on in the real economy:

HSBC fears world recession with no lifeboats left

http://www.telegraph.co.uk/finance/economics/11625098/HSBC-fears-world-recession-with-no-lifeboats-left.html

i have been warning of this for months as this has been telegraphed with the downturn in commodities (esp oil), mining companies, BDI, foreign stock mkts, junk, muni, and investment grade bonds, etc. over the last year.  this is also consistent with the principle of all mkts moving together as one as a secondary reaction to money printing, mainly by the Fed. it's all one big pump.  imo, given this weakness, there is no way they will raise rates as indicated in the above article.  and that means, to me, that fixed supply type assets such as Bitcoin should rise as either a result of further QE, or simply as a safe haven.



Where is the problem then bro when you are stating this

" and that means, to me, that fixed supply type assets such as Bitcoin should rise as either a result of further QE, or simply as a safe haven."

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
TPTB_need_war
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May 26, 2015, 01:37:07 AM
 #24765

I will be making a post later in my day (GMT+7) to make some counter points on this article:

On the Clothing of Emperors: A Rant about 21.co and the Future of Bitcoin Mining

My main points will be:

1. Marginal-cost of electricity and variable seasons of the Bitcoin price market vs. speed of deployment of fixed capital investment (Economics 101 lesson)

2. (Politically obfuscated) goal of >50% control of hashrate to increase profits in side-channels, including but not limited to a near monopoly on setting txn fees.

3. TDP is only limited on cell phones by the mass and/or extent of heat dissipation apparatus?

P.S. I made some comments about the recent downtime of bitcointalk, and I noticed the timing of the takedown was approximately immediately after I wrote my prior jaw-dropping post and my post which solidified some of the essential points of my allegations against 21 Inc.'s business model. I am not totally ruling out the possibility that the the-powers-that-be are scrambling to figure out how to squelch these revelations. A friend of mine has agreed to pass on these revelations to those who can publish them far and wide in the alternative media scene (think Alex Jones and spin offs). It is possible they wanted to view my private messages, if they don't already have them since I turned off email notification and assuming the elite aren't in control of the certificate issuer for the SSL certificate for this site. In any case, they won't learn much from my private messages. They would need to crack Bitmessage instead. OTOH, it is not likely that elite are concerned about the unproven capabilities of some nobody like myself. They have bigger fish to fry and the masses are probably going to fall into the NWO no matter what we all do here.

Also I should add the Larry Summers and Robert Rubin were instrumental in the repeal of Glass-Steagal during the Clinton administration.

Also note I emailed Martin Armstrong about these revelations and he did not print it, even though he is the one who has been harping on Larry Summers and the move to electronic cash. The only reason I can think of for him not writing about this, is because it is blatant evidence of a globalized plan towards a global Technocracy — something which he denies the elite are capable of planning or coordinating on a global scale. Martin claims the elite are fools who can't trade well and need a public backstop so they can gamble with other people's money. He doesn't agree that there is a global coordination amongst the elite with long-range plans for NWO control. Thus this is evidence that either Armstrong is disingenuous (censors to fit his irrational ego) or worse he is in bed with the elite helping to promote globalized "solutions" such as his calls for coordinate political and bond restructuring reforms harmonized with a move to a NWO one-world reserve currency.

TPTB_need_war
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May 26, 2015, 01:45:57 AM
 #24766

In my estimation, recent state-level marijuana legalization events are of equivalent magnitude to the fall of the Berlin wall in terms of what it means about Washington DC's internal control over the US, and probably means the US empire is approximately at the same point it its life cycle as the Soviet empire was in 1989.

And then most of Russia's resources were handed out to a few oligarchs who are beholden to the cartel. And do you know who was over there organizing that?

Larry Summers.

The same former US Treasury and World Bank official (also was nominated to replace Bernanke) involved with 21 Inc, who first floated the idea of negative interest rates and eliminating cash.

Do some research folks.
The world needs a form of money that can resist corruption even by someone like Larry Summers.

It could be the case that we should interpret 21 as an attack on Bitcoin, in which case we'll find out of Bitcoin can be that money or not.

This stance from you is  most welcome. I am pleasantly surprised and very much willing to prove to you in the market whether I am correct or not. I don't want to just blow air here. I want to make sure we have what we want, whether it is Bitcoin or otherwise.

And I feel now there is a slight possibility I am a marked man, so the sooner I release my ideas, the safer for me personally. I am in a mad rush to do so, not only for reasons of personal safety but moreso because the opportunity is so interesting.

TPTB_need_war
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May 26, 2015, 01:50:18 AM
 #24767

Hi all, long time no see. I've just discovered I developed a sort of addiction to btctalk :-)

I just found out an hidden "gem" in the development section:

"Off-chain anonymous transactions by secure transfer of private keys"

I think the apparent lack of interest is due to the fact that OtherCoin doesn't claim (or is expected to have) a net effect on the Bitcoin price. Its intention is to simply make off-chain truly private transactions possible. As a side effect, it would also make any blockchain transaction analysis useless (since coins could exchange hands offline hundreds or thousands of times without any trace in the blockchain or anywhere else on the Internet). It also removes the one to one mapping between addresses and persons - in the current system, once you've identified who owns a particular address, you can safely assume that any past or future payments sent to that address belong to that person. With OtherCoin in place, an address could effectively be "owned" by hundreds of people, just at different moments in time.

Here the link for the updated white paper:

http://www.othercoin.com/OtherCoin.pdf

I didn't have a chance to look at this in detail, but if the sender knows the private key, then double spends are a concern and the incomplete mitigation (to spend asap) is a timing analysis vector and afaics brings the traceability right back onto the blockchain.

Edit: myself (and I assume smooth and others) have thought deeply about all these sort of schemes and dismissed them. There isn't likely anything new under the sun except for some exotic new crypto that improves upon the Zerocash, Zerocoin, or fully homomorphic schemes. I would like to see a quantum resistant reformulation of Cryptonote.

Untraceability (e.g. when merging change from prior txns) can only be secured mixing of txns on the blockchain. Mixing can be done on the blockchain using an orthogonal protocol such as CoinJoin, but as explained by myself and smooth upthread, CoinJoin is not autonomous, is not immune to being jammed by a determined attacker, and has a user simultaneity requirement that will prevent it from scaling. Darkcoin mitigated the jammability by implementing masternodes which compromise anonymity against a ubiquitous attacker such as the NSA and they were the last time I checked adding some pre-mixing scheme to mitigate the simultaneity issue but that pre-mixing comes at a cost (and I think also a cost to scalability as well). Afaics after much thought and study, onchain mixing such as Cryptonote's one-time ring sigs (or Zerocoin and Zerocash but we pointed out their vulnerabilities upthread) is the only way to achieve anonymity with ledger-based crypto-currency. Note I also pointed out upthread that one-time ring sigs are not sufficient, and we need IP obfuscation as well. I argue that Tor (and likely I2P as well) are not entirely reliable IP obfuscation (argue they are subject to various attacks on the anonymity).

tabnloz
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May 26, 2015, 02:48:36 AM
 #24768

In my estimation, recent state-level marijuana legalization events are of equivalent magnitude to the fall of the Berlin wall in terms of what it means about Washington DC's internal control over the US, and probably means the US empire is approximately at the same point it its life cycle as the Soviet empire was in 1989.

And then most of Russia's resources were handed out to a few oligarchs who are beholden to the cartel. And do you know who was over there organizing that?

Larry Summers.

The same former US Treasury and World Bank official (also was nominated to replace Bernanke) involved with 21 Inc, who first floated the idea of negative interest rates and eliminating cash.

Do some research folks.

Didn't know Summers was involved in that.

So it reads like due to the 2008 crisis, DC can't exercise control over the states as their political longevity / security has taken a large hit (struggling with revenue / solvency / unemployment concerns etc).

Weed brings in much needed revenue.

Economic conditions resulting from 2008 also gave rise to Bitcoin.
cypherdoc
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May 26, 2015, 04:00:39 AM
 #24769

should be pretty obvious to anyone paying attention we have a short term problem going on here.   thing is it's not just any 'ol problem, it's a Dow Theory non-confirmation that is beginning to drag down the $DJI.  given that we've had one of these at almost every mkt top in the last 100 yrs, it's worth paying attention to.  that's bad news but goes along with what' going on in the real economy:

HSBC fears world recession with no lifeboats left

http://www.telegraph.co.uk/finance/economics/11625098/HSBC-fears-world-recession-with-no-lifeboats-left.html

i have been warning of this for months as this has been telegraphed with the downturn in commodities (esp oil), mining companies, BDI, foreign stock mkts, junk, muni, and investment grade bonds, etc. over the last year.  this is also consistent with the principle of all mkts moving together as one as a secondary reaction to money printing, mainly by the Fed. it's all one big pump.  imo, given this weakness, there is no way they will raise rates as indicated in the above article.  and that means, to me, that fixed supply type assets such as Bitcoin should rise as either a result of further QE, or simply as a safe haven.



Where is the problem then bro when you are stating this

" and that means, to me, that fixed supply type assets such as Bitcoin should rise as either a result of further QE, or simply as a safe haven."

i don't view trouble in the traditional financial mkts as a problem; i actually think it will help Bitcoin.  a more widespread Cyprus, if you will.
TPTB_need_war
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May 26, 2015, 04:43:31 AM
 #24770

In my estimation, recent state-level marijuana legalization events are of equivalent magnitude to the fall of the Berlin wall in terms of what it means about Washington DC's internal control over the US, and probably means the US empire is approximately at the same point it its life cycle as the Soviet empire was in 1989.

And then most of Russia's resources were handed out to a few oligarchs who are beholden to the cartel. And do you know who was over there organizing that?

Larry Summers.

The same former US Treasury and World Bank official (also was nominated to replace Bernanke) involved with 21 Inc, who first floated the idea of negative interest rates and eliminating cash.

Do some research folks.

Didn't know Summers was involved in that.

So it reads like due to the 2008 crisis, DC can't exercise control over the states as their political longevity / security has taken a large hit (struggling with revenue / solvency / unemployment concerns etc).

Weed brings in much needed revenue.

Economic conditions resulting from 2008 also gave rise to Bitcoin.

Bitcoin was created by the DEEP STATE as a strategic move to coop existing banking and currency systems in order to drive the move to digital currency and do to this power grab in a obfuscated manner that fools the geeks and turns them into gullible accomplices.

Are you not aware of the $3+ trillion black budget of the DEEP STATE?

Donald Rumsfeld (while he was Secretary of Defense under POTUS junior Bush) announced on the eve of 9/11 that such amount had gone missing from the DoD's budget. Conveniently the next day all the records of the investigation and the investigators were eliminated by the airborne attack on that one specific section of the Pentagon (with of course the alleged leaks of former Vice POTUS Cheney commanding the F-15s to stand down and allow the attack to proceed).

Catherine Austin Fitts (former Asst to the Secretary of HUD, Jack Kemp and former Wall Street insider) has written extensively about the Black Budget at her http://solari.com

Bill Moyers did a TV documentary on the DEEP STATE.

Armstrong has a letter from the SEC confirming that all the tape recordings he had of the bankster manipulations were destroyed at the World Trade Center towers on 9/11.

Etc.. The evidence weaves a story.

Control over the drug trade is not about funding as much as it is about corrupting other officials, governments, and societies. It is one element in a full spectrum matrix of power and control.

I can see they are trying to take this forum down again. Keep getting "Bad Gateway" which is what happened right before it went down a few days ago.


Edit: a very smart friend of mind relates to me that a Soros foundation was contributing money to the campaign to legalize marijuana in Colorado that was eventually successful. And notes that the-powers-that-be have objectives to simultaneously both restrict and promote drugs. They promote them because a population in a stupor is less resistant to erosion of freedoms and quite dependent in any collapse scenario. They restrict drugs because this gives them legal control over those individuals they've promoted to use and traffic drugs.

Note that legalizing marijuana is also synonymous with agreeing that plants should be regulated by the State. Otherwise, why is it necessary to legalize use of a plant? You see the-powers-that-be are playing game with you, regulating you at the Federal level unconstitutionally then getting you to pass laws at the State level to admit their unconstitutional Federal laws are the law, thus enslaving yourselves by bringing plants under the prevue (jurisdiction) of law.

Simpleton thinking falls for the ploy that legalizing MJ is any form of increasing freedom. Rockefeller's foundations and NGOs were instrumental in funding everything from 1960s activism, to feminism, to environmentalism.

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May 26, 2015, 05:43:50 AM
 #24771

Poignant blog posts from Armstrong (yet he continues to ignore the information about Larry Summer's "21 Inc"):

Kiss your Pension Fund Good-Bye:
http://armstrongeconomics.com/archives/30875

Gold – China – Here We Go Again:
http://armstrongeconomics.com/archives/30779

Jean-Claude Juncker is creating a Political EU Commission – Non-Politicians Get Out:
http://armstrongeconomics.com/archives/24215

Dutch TV Discusses Eliminating Cash:
http://armstrongeconomics.com/archives/30885

The Secret Meeting in London to End Cash:
http://armstrongeconomics.com/archives/30862

Cashless Transactions Exceed Cash Transactions in Britain:
http://armstrongeconomics.com/archives/30811

hdbuck
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May 26, 2015, 09:22:31 AM
 #24772

@TPTB_need_war: man, this is it. nice insights.

but you reckon bitcoin is going nowhere but up, right? Since it is all planned.

edit: im actually struggling to post in this forum. or is it only this thread?! bad gateway. ^^
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May 26, 2015, 01:19:37 PM
 #24773

Any network engineers on here?  I have been thinking that Bitcoin could help solve the network neutrality problem: that is, the problem where telecom operators and customers would benefit from dynamically created differentiated service flows (for non network engineers that means you stream a movie from Netflix and get more bandwidth for the duration of the movie), but ONLY if the telecom operator cannot preferentially enable some service providers and not others.  Otherwise, the operator can and will harm innovation by preferring incumbent or in-house services.

The idea is to create a pseudo-anonymous market for differentiated service flows...

http://effluviaofascatteredmind.blogspot.com/2015/05/network-neutrality-and-bitcoin.html
cypherdoc
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May 26, 2015, 02:18:57 PM
 #24774

Oh Lordy:

cypherdoc
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May 26, 2015, 02:22:23 PM
 #24775

Oh Lordy, again:

cypherdoc
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May 26, 2015, 02:28:20 PM
 #24776

BHP, the largest mine in the world, about to go off the cliff.  note numerous stick saves similar to $DJT:

cypherdoc
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May 26, 2015, 02:30:17 PM
 #24777

RUT, lame retest of the highs.  re-rolling:

cypherdoc
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May 26, 2015, 02:31:44 PM
 #24778

FCX, largest copper mine in the world.  crapping the bed:

cypherdoc
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May 26, 2015, 02:34:06 PM
 #24779

food?  who need food?

actually, this is a good thing.  poor ppl need cheap deflationed food:

cypherdoc
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May 26, 2015, 02:36:55 PM
 #24780

Almost! but, no cigar?:

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