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Showing 20 of 23 results by koinvict
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Topic
Board Bitcoin Discussion
Re: Ross Ulbricht Guilty of Everything
by
koinvict
on 04/02/2015, 21:53:20 UTC

I think the judge didn't want him because he didn't have the "credentials" to be there.  We don't exactly have bitcoin "professionals" yet...
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Topic
Board Speculation
Re: Bitcoin price getting smashed - only positive are traders that went short
by
koinvict
on 04/02/2015, 14:30:58 UTC
We hit 300$ just a couple days ago, why did we come back down again...
Anyone know why it went up that high?

Coinbase Exchange hype...
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Topic
Board Bitcoin Discussion
Re: Rebranding - Using the term Blockchain vs Bitcoin
by
koinvict
on 02/02/2015, 14:38:27 UTC
blockchain is a part of bitcoin, like death is a part of the life

Death is the absence of life. Are you saying that the blockchain is the absence of bitcoin? Or otherwise?

It's reversed.  bitcoin is a part of the blockchain.  Let's not forget that Bitcoin is a trustless consensus - currency is an app or extension of this consensus.  bitcoin is stronger than just a currency - the blockchain can serve as the backbone to all future endeavors that need a 3rd party as a consensus.

Quote
It is just my opinion (and nothing else) that the blockchain should be exclusively used for money.

That's like buying a computer solely for the purpose of checking your email.
Post
Topic
Board Economics
Re: Mastering Fiat - new book out from O'Really Publishing
by
koinvict
on 30/01/2015, 20:09:32 UTC
How come there's an error on the cover; "finacial" instead of "financial"?
Don't they have proofreaders?


Look at the author name... fake.
Look at the username... fake.

To me, it looks like a hastily crafted .pdf piggybacking a known-name within the Bitcoin community.  The end goal?  Not sure - perhaps donations listed at the end?
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Board Service Discussion
Re: I lost coins at bitcoinlaundry.com - is this site a scam?
by
koinvict
on 30/01/2015, 20:04:07 UTC
Stop dealing with illegal shit and you ll not have any need to use crypto mixers.



Why does everybody assume illegal activity?  For some of us, Coinbase (and the lot) is our only option.  Why should the gov't have further information on how much money I have stored?  They already get a considerable amount of my paycheck.
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Topic
Board Bitcoin Discussion
Re: Rebranding - Using the term Blockchain vs Bitcoin
by
koinvict
on 30/01/2015, 18:46:40 UTC
I agree there's not much confusion now.

But imagine developing upon a protocol called the Dollar and you spend dollars.  It'll become a more confusing term in the future if bitcoin ever becomes a mainstream currency.  The blockchain is MORE than just a currency.

I want to create contracts, social media, and various apps (anything that needs ownership) using this ledger/consensus technology.  The actual world-changing protocol should not have the same name as the currency that stems from it.

Just my $.02

The problem is that Bitcoin was designed as a currency, nothing more. Yes, the concept of the blockchain is a great invention that can be used for smart contracts and the like, but the blockchain used by Bitcoin was meant to log currency transactions.

It's cool that people are using Bitcoin's blockchain for things such as Proof of existence, but I think an independent (i.e. not Bitcoin's) blockchain should be ideal for these kind of projects.

Yeah, they are only going to make the blockchain slower by suffocating it with too much content. I think sidechains are a bit overrated around here.

How will it make the blockchain slower? 
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Topic
Board Bitcoin Discussion
Re: Rebranding - Using the term Blockchain vs Bitcoin
by
koinvict
on 30/01/2015, 18:39:47 UTC
I agree there's not much confusion now.

But imagine developing upon a protocol called the Dollar and you spend dollars.  It'll become a more confusing term in the future if bitcoin ever becomes a mainstream currency.  The blockchain is MORE than just a currency.

I want to create contracts, social media, and various apps (anything that needs ownership) using this ledger/consensus technology.  The actual world-changing protocol should not have the same name as the currency that stems from it.

Just my $.02

The problem is that Bitcoin was designed as a currency, nothing more. Yes, the concept of the blockchain is a great invention that can be used for smart contracts and the like, but the blockchain used by Bitcoin was meant to log currency transactions.

It's cool that people are using Bitcoin's blockchain for things such as Proof of existence, but I think an independent (i.e. not Bitcoin's) blockchain should be ideal for these kind of projects.

Why would you want to use a separate blockchain when you have an existing, extensible technology?  All these kind of "projects" will give bitcoin more worth and intrinsic value.

Use the existing blockchain for EVERYTHING - it makes it more powerful actually if everyone is involved with everything. 
Post
Topic
Board Bitcoin Discussion
Re: Rebranding - Using the term Blockchain vs Bitcoin
by
koinvict
on 30/01/2015, 16:21:20 UTC
I'm sorry, but I fail to see the confusion here.

Designing other apps/protocols on top of the blockchain (big B Bitcoin) can be confused with the currency (little b bitcoin).  There needs to be a differentiation between the protocol and the tokens.

I don't think so and don't see the confusion. Bitcoin is the whole system but the coins are what you own / spend. People know which you're referring to given the context.

I agree there's not much confusion now.

But imagine developing upon a protocol called the Dollar and you spend dollars.  It'll become a more confusing term in the future if bitcoin ever becomes a mainstream currency.  The blockchain is MORE than just a currency.

I want to create contracts, social media, and various apps (anything that needs ownership) using this ledger/consensus technology.  The actual world-changing protocol should not have the same name as the currency that stems from it.

Just my $.02
Post
Topic
Board Bitcoin Discussion
Re: Rebranding - Using the term Blockchain vs Bitcoin
by
koinvict
on 30/01/2015, 16:06:15 UTC
I'm sorry, but I fail to see the confusion here.

Designing other apps/protocols on top of the blockchain (big B Bitcoin) can be confused with the currency (little b bitcoin).  There needs to be a differentiation between the protocol and the tokens.
Post
Topic
Board Bitcoin Discussion
Re: Rebranding - Using the term Blockchain vs Bitcoin
by
koinvict
on 30/01/2015, 13:27:50 UTC
You compare the blockchain to the Internet, but I think this is wrong. The blockchain is an implementation detail (a very important one, but just implementation), while the Internet is just the idea. The implementation of Internet relies on TCP/IP. So, as I see it:

Bitcoin = Internet
Blockchain = TCP/IP

And, no, we shouldn't talk about “Blockchain” (which will create confusion with Blockchain.info, which is kind of brand now).

I agree with you. Saying 'put it on the blockchain' is even more confusing. 'Use bitcoin' is fine. I also think blockchain.info should have called itself something else as it is confusing, though I guess it was a smart move from a business perspective.

What about coinbase?  That's a key term in bitcoins... it's smart to align your business with key terms, etc...

But I had the same thought as the OP - why not move toward the "Blockchain?"  I think the term "Bitcoin" is partisan at this point - as it will solely be referred to as a currency.  It's confusing to new developers - those who can help out with the Bitcoin economy don't realize there's a powerful, underlying protocol.
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Topic
Board Goods
Re: The Latest and greatest in Apple products for Bitcoins
by
koinvict
on 28/01/2015, 15:06:19 UTC
Registrant Name: ANTHONY TIPTON
Registrant Organization:
Registrant Street: 1441 W 22ND ST
Registrant City: JACKSONVILLE
Registrant State/Province: FLORIDA
Registrant Postal Code: 32209
Registrant Country: US
Registrant Phone: +1.9045160836



willing to let someone pay and pick up in person there?


(posting completely public whois data)

I would like one ipad, Anthony.  Thank you! 

I'll swing by after work Wink
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Topic
Board Bitcoin Discussion
Re: Elephants in the room, both good and bad
by
koinvict
on 27/01/2015, 15:48:41 UTC
We cant have centralized mining.. its something i dont like about Bitcoin, mining tends to be centralized. It would only take a small missile to ruin a big mining facility and bitcoin would collapse.
Ideally we want it dispersed not all in the same place
Well if that did happen and mining was mostly centralized it would re-adapt to decentralized with a lower difficulty.

Even if it is mostly "centralized" - there is more incentive to be an honest player as well.  Mining farms were predicted from the beginning - as well as nodes residing in these farms.
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Topic
Board Economics
Re: Netflix (Options)
by
koinvict
on 26/01/2015, 15:37:19 UTC
Place a put order for 360 at 1.50 bid for March 20, 2015

Thank me later.

If you want me to explain further into this speculation, just ask.

Explain.
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Topic
Board Economics
Re: World War 3 has already begun, but it's an economic war, not a conventional one.
by
koinvict
on 26/01/2015, 15:24:30 UTC
"De-centralization is one of the prevailing geopolitical and technological themes of this century. The fight for de-centralization of control and information is playing out on the Internet in every country in the world. It is, in my opinion, the most important fight as it will determine the freedom (or lack of) for billions of people. We are heading in a good direction overall. We have replaced kings, despots and tyrants with institutions. Now we are replacing many institutions with protocols and networks, empowering individuals. But those who benefit from centralized control over power will not sit idly by while we take away their power. They use fear and violence to exert control and deepen their power structures. They fool us into submitting to unearned authority and give up our rights and freedoms by exploiting security fears. Bitcoin is only part of the puzzle, but it is a very powerful part."
---Andreas M. Antonopoulos
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Board Off-topic
Re: Best VPN service?
by
koinvict
on 20/01/2015, 18:41:29 UTC
No love for Mullvad?  https://mullvad.net/

They accept BTC as well - no signups.
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Topic
Board Goods
Re: Bitcoin Magazine is gone I see, can I purchase the Issues that I don't have?
by
koinvict
on 19/01/2015, 21:37:10 UTC
If it is just being bought out then that offers some hope.  Will be sorry to see them go.

It looks like they're being bought out by https://ybitcoin.com/

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Topic
Board Goods
Re: Bitcoin Magazine is gone I see, can I purchase the Issues that I don't have?
by
koinvict
on 19/01/2015, 21:29:15 UTC
What makes you think they're gone?

http://www.reddit.com/r/Bitcoin/comments/2nhafk/bitcoin_magazine_going_to_shut_down/

The website was down last week and this morning, but it seems to be up again: https://bitcoinmagazine.com/


EDIT: The store is "Out of Stock"



It is not uncommon stores running out of stock by the start of the year.

Wait some more time before panicking

In that reddit post linked above the Editor pretty much confirmed it was going away.  I think it's in the middle of being bought out.
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Topic
Board Goods
Re: Bitcoin Magazine is gone I see, can I purchase the Issues that I don't have?
by
koinvict
on 19/01/2015, 20:32:29 UTC
What makes you think they're gone?

http://www.reddit.com/r/Bitcoin/comments/2nhafk/bitcoin_magazine_going_to_shut_down/

The website was down last week and this morning, but it seems to be up again: https://bitcoinmagazine.com/


EDIT: The store is "Out of Stock"

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Board Goods
Topic OP
Bitcoin Magazine is gone I see, can I purchase the Issues that I don't have?
by
koinvict
on 19/01/2015, 20:15:43 UTC
I'd like to purchase the Issues that I'm missing from my collection.  Does anybody have connections or know how I can get my hands on these?  I'm willing to pay in BTC of course.

Also, I live in the ATL area which can make it even more convenient (Bitcoin Magazine was based in Atlanta).
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Topic
Board Beginners & Help
Re: Bitcoin Wallet with deposit funciton.
by
koinvict
on 15/01/2015, 22:27:22 UTC
Ponzi has 100$ and up.
I just want create btc web wallet where users can deposit some funds if they want(10% month, thats just number)
thats is like bank, where you open you bank account and if you want you can deposit your free funds to saving account.


Not sure what you're asking for or if you don't understand Bitcoin.  You can show off your public key to the world and anybody can deposit funds to it (you don't need a web wallet). 

It sounds like you want a banking account and a savings account.  Why not just have 2 different addresses?  Or a key pair for each transaction...