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Showing 20 of 473 results by Klestin
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Re: UN taking control of the Internet
by
Klestin
on 02/10/2016, 15:05:07 UTC
As long as they don't block bitcoin-service website, bitcoin full nodes or internet port for default full nodes, i think there won't be any major impact.
If you worry about your privacy, maybe you can use VPN/proxy/tor/anything which can secure your connection.

Also, as long as government don't block website which allow us to see IP of an website, there's still way to access your favorite website as well.

This body has absolutely zero control over any of that.
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Board Bitcoin Discussion
Re: UN taking control of the Internet
by
Klestin
on 02/10/2016, 14:34:36 UTC
The internet isn't being transferred, what is happening is that the ICANN org is being handed over to the UN. They deal with the Domain Name Service system of the internet, of DNS. This is vastly different from the entire internet.

What this means is that, simply, if any website is "blocked" by the UN for x or y reason, you will not be able to type in the Domain Name (bitcointalk.org, reddit.com, 4chan.org, etc.) and get access to it, but you CAN type the direct IP of it and gain access to the website.

It can just be used as a measure to stop subjective "hate speech" from being widely accessible, and discourage readers from the extra effort.

That's also not quite true.  They control only the handing out of top-level domain groups, not the identification of specific domains, nor the resolving of domains to IP addresses.  Your ISP generally controls DNS resolution, but you can set your DNS server to whatever you like.  Google's are free, as are many more.  Or set your own up.

Also, any changes to the existing rules require a unanimous vote. Everyone gets veto.
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Board Bitcoin Discussion
Re: Bitcoin was ‘Good as Gold’ in the Brexit
by
Klestin
on 27/06/2016, 20:22:32 UTC
I doubt people bought into the fact that bitcoin is as safe as gold as an investment. I wonder how much of an effect did bitcoin see due to Brexit. Prices didn't seem to move at all.

I noticed the same. The price did not change much. If 0.001% of the Bristish Pounds change into bitcoin, its price will be $100000.

0.001% of the total British Pounds in circulation is less than $1 million US.
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Board Bitcoin Discussion
Re: ~$10,000 in cryptos stolen off my desktop from an encrypted folder, how, why?
by
Klestin
on 17/05/2016, 15:14:55 UTC
There are many valid opinions on exactly what constitutes "Cold Storage."  None of them include "Computer that is connected to the Internet, and from which I download and run files from .torrent sites."

Real computer security is nontrivial and requires diligence.  It is best to recognize when that level of effort (to understand and to implement) is beyond what you're willing to expend.  Half measures are no more valid than no measures, and what you've described is not even close to a half measure.  

This is not a rebuke. Your computer usage is in no way the exception, but the general rule. Instead, I have a suggestion.  www.bitcointrezor.com.
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Board Bitcoin Discussion
Re: Bernie Sanders on bitcoin??
by
Klestin
on 13/05/2016, 14:41:45 UTC
Still amazes me how presidents need to be above a crazy ages I mean how old is Sanders? 80? and Trump 70? wouldn't it make more sense to have someone who is younger and a bit hungry with new ideas etc,

Sanders is 74.
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Board Bitcoin Discussion
Re: Bernie Sanders on bitcoin??
by
Klestin
on 13/05/2016, 14:40:59 UTC
Well he would be the most likely candidate to further inflate the USD the most by printing more money so he can pay for his promised free stuff.. If the dollar going down due to inflation and/or completely crashing is good for BTC then maybe I guess. It will just make BTC look like it's worth more because the dollar looses its value.

Did you miss this recent Trump quote?

"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," Trump told CNN's Chris Cuomo on "New Day." "First of all, you never have to default because you print the money, I hate to tell you, OK?"
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Board Bitcoin Discussion
Re: LOL Antonopoulos Destroys Banks’ Blockchain Delusions Once Again
by
Klestin
on 05/05/2016, 23:36:29 UTC
Andreas is an incredibly smart guy. But I don't think he's right about this.
All banks want is a secure and fast way to transfer money between each other digitally. without losing control.

No, that they already have. What they're proposing is not secured in the same way (at all) that Bitcoin is. It's a very weak attempt at distraction from what they see as a serious threat.
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Board Bitcoin Discussion
Re: People are really doubting Wright's claims about being Satoshi
by
Klestin
on 02/05/2016, 20:16:03 UTC
The evidence as presented does not prove that Wright is Satoshi.  It also does not prove that he is not Satoshi.  It is simply nonsense.  All it proves is that either a) Gavin was fooled, or b) Gavin believes the rest of us are idiots.  Any time you let a potential charlatan control the conversation, the danger is that you fall in line with their thought path and do not apply objective critical analysis.  The fact that Gavin met in person with Wright would tend to support that as a possibility.

It would be nice to see Gavin make some sort of comment on the series of analyses that have been made that prove Wright's offered evidence is absolutely fake.  Is there additional (real) evidence that only Gavin saw?  If so, why publicize the fake "evidence"?

Gavin's a smart guy.  Even smart guys make mistakes. If this was a mistake, it's a doozy, but the opportunity remains to come out and admit he was fooled.  The longer he waits, the more the conspiracy theorists will clamor that he's trying to use Wright to wedge in a block size increase.  I don't subscribe to that theory, yet.

So come on Gavin, real proof or retract your endorsement. Sooner rather than later please.
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Board Bitcoin Discussion
Re: Will you switch to a new technology, if it offers better features than Bitcoin?
by
Klestin
on 04/04/2016, 17:50:16 UTC
Bitcoin is an open sourced, consensus-based distributed system.  If objectively superior features are developed elsewhere, they may be integrated into Bitcoin. In fact, many already have been.
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Board Bitcoin Discussion
Re: Gavin coding SPV mining into Classic
by
Klestin
on 17/03/2016, 22:16:18 UTC
And Classic is presenting that hard fork as "a one-feature patch to bitcoin-core that increases the blocksize limit to 2 MB." Is that really the case?

Hmm... why would the chosen quote begin mid-sentence.  You conveniently cut the "It starts with" from that sentence.  Could it be that the entire paragraph goes a bit differently?

Quote
We call our code repository Bitcoin Classic. It starts as a one-feature patch to bitcoin-core that increases the blocksize limit to 2 MB. We have ports for 0.11.2 and 0.12.0, so that miners and businesses can upgrade to 2 MB blocks from any recent bitcoin software version they run.

In the future we will continue to release updates that are in line with Satoshi’s whitepaper & vision, and are agreed upon by the community.

Gee. It sounds to me like they're doing exactly what they said they were going to do.
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Board Bitcoin Discussion
Re: Coinbase CEO disagree with "The Bitcoin Roundtable Consensus Proposal"
by
Klestin
on 22/02/2016, 16:39:31 UTC
i don't, why suddenly there should be a need for 2mb when we were remained for so long without it, july is still too close for all the blocks to be saturated

it seems a fair target around the halving, so many will notice more the need to hard fork, and you don't get that some will forget to upgrade...

You seem to have missed the "2017" part of "July 2017".  The next halving is a year ahead of this.
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Board Bitcoin Discussion
Re: What would be Satoshi's opinion on blocksize debate ?
by
Klestin
on 26/01/2016, 21:08:21 UTC
There's really no room for debate on what Satoshi would favor.  He originally coded a 32 MB cap for block size, and implemented a 1 MB cap as a stopgap anti-spam measure, expressly intended to be temporary.  Unless he plans to poke his head out and provide an opinion, this is the best information we have on the subject.
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Board Bitcoin Discussion
Re: Mempool full, spam/stress test on Bitcoin this day.
by
Klestin
on 20/01/2016, 16:54:39 UTC
Nothing. If the transactions are indeed spam, then transactions with proper fees and adequate priority will process just fine.

Yeah, nothing.  Except nodes begin to crash.  Resulting in the very centralization that was feared by some if we moved to larger block sizes.
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Board Bitcoin Discussion
Re: Lightning Network Skepticism
by
Klestin
on 24/12/2015, 21:25:24 UTC
Let us wait until it's in a semi operating condition before deciding what's what. Perhaps it'll never reach a working iteration or maybe it'll be what we always dreamed of and more.

That's OP's entire point.  It's too soon to start "deprecating critical parts of bitcoin (zeroconf transactions and low transaction fees)".
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Re: How to store an extremely high amount of money in Bitcoin safely ?
by
Klestin
on 20/12/2015, 15:08:26 UTC
http://www.bitcointrezor.com/ is probably a better fit for your needs than case.
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Board Bitcoin Discussion
Re: Bitcoin is the global currency of Earth
by
Klestin
on 18/12/2015, 02:29:22 UTC
I hate to say this, but Bitcoin is too small overall in order for it to be the currency of -whatever-. And I don't mean small as in user base, I mean the divisions are too small.

As it stands, if every satoshi was worth $1, the market cap would be ~2.1 trillion, if I remember correctly, and thus would be too small to replace the current monetary system. Hypothetically it could, but there would be too many outstanding debts, or anything really, in order for it to be able to fully integrate itself into society.

The choice of 8 decimal places is arbitrary and can be changed, without diluting the value of Bitcoin.  Your math/memory is also off.  If each existing satoshi was worth $1, the total final market cap would be $2.1 quadrillion.
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Re: So do you really think Craig Wright is Satoshi Nakamoto?
by
Klestin
on 17/12/2015, 13:46:38 UTC
The Gizmodo article is pretty convincing if you ask me.

http://gizmodo.com/this-australian-says-he-and-his-dead-friend-invented-bi-1746958692

What I can't understand if the email was hacked and all the evidence was shown from the satoshi vistomail account. Then why from the same vistomail account did he then deny being Satoshi.

Fuck, one of these days I wish Maria6.0 would explain all this to me.

There is no proof in the article. There's plenty of circumstantial evidence and hints, but no proof. In contrast, there is absolute proof that some of their evidence was forged.
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Board Bitcoin Discussion
Re: What the Return of Satoshi (aka Craig Wright) really means?
by
Klestin
on 14/12/2015, 16:07:24 UTC
He's not Satoshi; stop spreading false information.
This. For the love of Pete, this.
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Re: How do we trade Bitcoin if internet goes down?
by
Klestin
on 14/12/2015, 16:06:27 UTC
Actually, the transaction time would still be 10 minutes.  Difficulty will be adjusted down.  It's always 10 minutes by definition.
Not if it went down suddenly. The difficulty would essentially never adjust as we'd never finish enough blocks to reach the next adjustment.
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Re: How do we trade Bitcoin if internet goes down?
by
Klestin
on 14/12/2015, 16:05:05 UTC
Bitcoin network completely breaks down. no hash power, no node. no confirmation, then we have to go cash, like dollar, euro.

In a post-nuclear-war world, the dollars and euros will be worth almost as much as the paper they're made of.