Search content
Sort by
Showing 15 of 15 results by wesleybruce
Sorry fellows it is 1.9.8 the 1.9.1 is a typo.
Thanks for the help. I know what I did wrong not I'll go hunting the other part of the installation. Why doesn't windows tell you these things it once did?
Yes I'm restoring from seed but made an error. I'll try the command line.
Thanks for the help. I know what I did wrong not I'll go hunting the other part of the installation. Why doesn't windows tell you these things it once did?
Yes I'm restoring from seed but made an error. I'll try the command line.
I seem to have reinstalled electrum 1.9.1 after a crash and opened it with the wrong password or something. 
No bitcoins found but when I try to open it again after un-installing/ re-installing its skips the restore from seed step. I can't correct the mistake.
I have 1.8.1 on a flash chip that works fine and shows the BTC all there.
but I've stuffed up my instillation of 1.9.1 obviously. 
Help!
No bitcoins found but when I try to open it again after un-installing/ re-installing its skips the restore from seed step. I can't correct the mistake. I have 1.8.1 on a flash chip that works fine and shows the BTC all there.
but I've stuffed up my instillation of 1.9.1 obviously. Help!Many things will drive it up.
It should still end higher mid 2014 regardless of what happens.
- Edan Yago launches his Cryptocurrency-based Political Zone in a sensible part of South America [November]. Caribbean coast gets my vote; Guyana or Suriname. Its a free market city on leased land (~99 year) in a third world country.
- A large chain store accepting bitcoin in the western world.
- A mention of bitcoin in media in connection to crowdfunding of public goods.
- A mention of bitcoin in a major primary debate/ battle between the Tea Party Republicans and the rino's (republicans in name only).
- A positive mention of bitcoin in the 2014 election.
- Or a completely foolish attack on it by democrat member that is clearly lossing his seat and had not done any research.
- A third world country with a small population switching to bitcoin or creating an Altcoin to replace its failed currecy.
- Fincen or the FBI take down a mixer successfully.
- a Kidnap and ransom case with a bitcoin demand. Many noobs would not realise that because the block chains public the ransoms traceable. People would expect a knock on the door during the hunt. The anarchist would panic sell on a successful trace and arrest. People will call for a ban on bitcoin. It would come back up.
- The FBI goes insane and sells the confiscated silk road bitcoin and tiny prices in an attempt to kill the marker. That should fail but some will panic.
It should still end higher mid 2014 regardless of what happens.
The real problem is one of changing policy and retrospectively. Mt Gox got the account when bitcoin was next to worthless. The government paper work has no provision to post an up date or write "this may become money at some time in the future."
There's a good chance FinCEN has blown a police sting or two. The system is pseudonymous and block chain is public. With the skills you could track your buy through silk road to the guy making the LSD.
http://www.reuters.com/article/2011/06/15/financial-bitcoin-idUSN1510930920110615
There is provision for additional data in a bitcoin transaction message. This means Satoshi even anticipated this problem. However the libertarians will have a fit if anyone implements it as anti-money laundering transaction tags.
There's a good chance FinCEN has blown a police sting or two. The system is pseudonymous and block chain is public. With the skills you could track your buy through silk road to the guy making the LSD.
http://www.reuters.com/article/2011/06/15/financial-bitcoin-idUSN1510930920110615
There is provision for additional data in a bitcoin transaction message. This means Satoshi even anticipated this problem. However the libertarians will have a fit if anyone implements it as anti-money laundering transaction tags.
Re: The Book that EVERYONE is talking about..Is Satoshi Nakamoto behind this too?
Some where in the world there's someone trying to convince a sceptical collogue that bitcoins a good idea without realising that he's talking to Satoshi Nakamoto. lol 
The price seems relatively stable and its tracking with gold which is interesting. Technically we are getting a glimps of what the world would be like if bitcoin only traded with bitcoin and not with other currencies much. A glimps of a post dollar world. Bitcoin has not crashed! It can't if big trades to currency are not available.
There are now many more ways to get bitcoin for other money. but these are small transactions.
I don't object to the reporting rules as they stand; The terrorism threat is real and the drugs dangers are real. However the precedent is a problem. As Satoshi said Wikileaks and by inference Silk Road were bad calls. As they say in the Q continuum: "Dont provoke the Borg!" Build up step by step. Be ready when the Fiat currency monster stumbles. Its too big to push.
There are now many more ways to get bitcoin for other money. but these are small transactions.
I don't object to the reporting rules as they stand; The terrorism threat is real and the drugs dangers are real. However the precedent is a problem. As Satoshi said Wikileaks and by inference Silk Road were bad calls. As they say in the Q continuum: "Dont provoke the Borg!" Build up step by step. Be ready when the Fiat currency monster stumbles. Its too big to push.
Right up my alley. I've out lived the National Space Society life membership system. I have moon, Mars and asteroid base designs up my sleeve. I'm also a traveller fan they have week long waits in the traveller RPG and that's only the solar system next door. It gets to be 18 month in the Imperium centre to edge. 5 years spinward to coreward, ~3000 light years.
First there would be very few time sensitive transactions. Who cares if the payroll to the NASA hard drive on Mars takes an hour. Payday will be the next morning anyway. Most transactions would be local.
Secondly just maintaining a buffer account on earth with a few BTC padding it out would work in most cases. Major Tom buys a gift for his wife. The transaction goes to earth but references the wallet on earth not mars. The transaction clears locally on earth. Tom wont know that for 20 minutes but it does not matter since he wont/ can't do a transaction to double spend. Very few opportunities will exist for Tom to get a BTC on mars or earth and spend it immediately. If that is likely then the buffer is spent instead and he's asked to refill a half a minute later.
The bitcoin mining protocols are time independent. They only know if something is newer than something else not what timezone either the transaction or the mining occured in. Mars base time will just be another time zone to those buts of software that check time. It has an extra hour in the day but that wont have much effect. When space colonisation gets going big time there will be a hundred new time zones and delays out to 8 hours, Saturns moons. But most thinks traded on the ships and stations will be purely local. If they were paid for, probably with big crowd funding appeals, then that would again be all local on earth or where- ever. All trade is limited by the speed of information. You can not trade, bargain, bid or promise, when you can't communicate. Not even information can be traded faster than light so the speed of bitcoin communication is not a problem.
First there would be very few time sensitive transactions. Who cares if the payroll to the NASA hard drive on Mars takes an hour. Payday will be the next morning anyway. Most transactions would be local.
Secondly just maintaining a buffer account on earth with a few BTC padding it out would work in most cases. Major Tom buys a gift for his wife. The transaction goes to earth but references the wallet on earth not mars. The transaction clears locally on earth. Tom wont know that for 20 minutes but it does not matter since he wont/ can't do a transaction to double spend. Very few opportunities will exist for Tom to get a BTC on mars or earth and spend it immediately. If that is likely then the buffer is spent instead and he's asked to refill a half a minute later.
The bitcoin mining protocols are time independent. They only know if something is newer than something else not what timezone either the transaction or the mining occured in. Mars base time will just be another time zone to those buts of software that check time. It has an extra hour in the day but that wont have much effect. When space colonisation gets going big time there will be a hundred new time zones and delays out to 8 hours, Saturns moons. But most thinks traded on the ships and stations will be purely local. If they were paid for, probably with big crowd funding appeals, then that would again be all local on earth or where- ever. All trade is limited by the speed of information. You can not trade, bargain, bid or promise, when you can't communicate. Not even information can be traded faster than light so the speed of bitcoin communication is not a problem.
Technologies do S-curves regularly. http://en.wikipedia.org/wiki/Technology_life_cycle
We are at A on the graphic but how close to M are we? Also how short will the vital life be? That's the question.
There are three possible trajectories.
Up and back down to $40 [L on the wikipedia s-curve graphic] with a very short vital life measured in weeks. A lot of people moving their wealth through bitcoin to gold and something safer than the Euro.
An S curve with it levelling off soon. Long vital life period measured in years.
A bumpy S curve with it levelling off down a $100 but still above the start last year due to the increased awareness and skill. L' on the wikipedia s-curve graphic.
In all three cases the early adopters that created or bought bitcoins below $50 will be cashed up and can now do a lot more work to improve it.
I missed out and wont be buying till it goes back down. I could have bought in when it was at 40c but I spent the money on medical stuff. [Hernia. I do not recommend the illness. OUCH ] I've made the same mistake with gold.
We are at A on the graphic but how close to M are we? Also how short will the vital life be? That's the question.
There are three possible trajectories.
Up and back down to $40 [L on the wikipedia s-curve graphic] with a very short vital life measured in weeks. A lot of people moving their wealth through bitcoin to gold and something safer than the Euro.
An S curve with it levelling off soon. Long vital life period measured in years.
A bumpy S curve with it levelling off down a $100 but still above the start last year due to the increased awareness and skill. L' on the wikipedia s-curve graphic.
In all three cases the early adopters that created or bought bitcoins below $50 will be cashed up and can now do a lot more work to improve it.
I missed out and wont be buying till it goes back down. I could have bought in when it was at 40c but I spent the money on medical stuff. [Hernia. I do not recommend the illness. OUCH ] I've made the same mistake with gold.
OK I stand corrected there is a system out there and its looking good. Only three projects though but that's a start.
crowdfunding ? Bitcoin ? all i can think of is btcjam.com
Nice that's not quite what I meant but there's a forth crowdfunding option where the donations are invested forming a trust fund that pays part of its interest over time to cover a permanent project like funding someone's kidney dialysis or paying someone's disability pension. It would be created by crowdfunding but needs a lending function, preferably peer to peer with some way to crowdsource collateral asset checks. The fourth crowd funding mechanism is my own, as yet unimplemented, idea. 
You can't do crowdfunding with bitcoin yet. I noted there's no comments on that so I've started one off.
To do crowd funding you need a pending transaction function. Most cards have it but bitcoin is instant and non reversible so its difficult. You may have a crowd funding vendor that tries it but you have to trust him to escrow the money properly and refund properly on failure to reach quorum.
As Satoshi said bitcoin is about avoiding the need for such trust.
I can see how to fix it by building two escrow systems into some or all wallets for crowd funding and for dominant assurance contracts. The pledge is sent by sending a tiny percent of the promised funds. I.e. 0.1% or so; and storing the rest in a locked file so you can't accidentally spend it. This way your only risking a tiny amount. [The escrow file should also store the two parties, and the completion date of the fund.] these escrow files are never sent anywhere.
When the time is up the system sends you a tiny transaction that flags the three possible states: Project cancelled, Quorum not reached, Quorum reached. Only in the last case does the full amount transferred. If the Assurance contract is a dominant one the contracts creator escrows some bitcoins in the participation benefits file. If the quorum not reached results occur then this bitcoin amount is divided by the number of participants and that quantity of bit coins is sent back.
Crowdfunding and assurance contracts are going to be very important in the future. You can do most public goods and start many private projects using them. You could also crowdfund the bitcoin mining process after 2040! And you could crowdfund Arbitrators to sought out disputes, detectives to find hackers and lawyers to put the case for liberty.
http://en.wikipedia.org/wiki/Assurance_contract
and
http://appliedimpossibilies.blogspot.com.au/2012/05/crowd-funding-government.html
To do crowd funding you need a pending transaction function. Most cards have it but bitcoin is instant and non reversible so its difficult. You may have a crowd funding vendor that tries it but you have to trust him to escrow the money properly and refund properly on failure to reach quorum.
As Satoshi said bitcoin is about avoiding the need for such trust.
I can see how to fix it by building two escrow systems into some or all wallets for crowd funding and for dominant assurance contracts. The pledge is sent by sending a tiny percent of the promised funds. I.e. 0.1% or so; and storing the rest in a locked file so you can't accidentally spend it. This way your only risking a tiny amount. [The escrow file should also store the two parties, and the completion date of the fund.] these escrow files are never sent anywhere.
When the time is up the system sends you a tiny transaction that flags the three possible states: Project cancelled, Quorum not reached, Quorum reached. Only in the last case does the full amount transferred. If the Assurance contract is a dominant one the contracts creator escrows some bitcoins in the participation benefits file. If the quorum not reached results occur then this bitcoin amount is divided by the number of participants and that quantity of bit coins is sent back.
Crowdfunding and assurance contracts are going to be very important in the future. You can do most public goods and start many private projects using them. You could also crowdfund the bitcoin mining process after 2040! And you could crowdfund Arbitrators to sought out disputes, detectives to find hackers and lawyers to put the case for liberty.
http://en.wikipedia.org/wiki/Assurance_contract
and
http://appliedimpossibilies.blogspot.com.au/2012/05/crowd-funding-government.html
Re: How come austrian economists do not believe in bitcoin?
Gold and bitcoin are complimentary and you can buy gold with bitcoin and vise verse. That's what Nikolay Gertchev missed. Its the conflict between the perfect currency and a workable currency. Gold can be confiscated but so can your computer and all your bit coin backups if government really wants to shut you out of bitcoin. I know of people that have been placed under house arrest with a ban on electronic communication. Nothing is or can be perfect. I believe the world will use both gold, bitcoin, local employment trading systems and local government extinguishing script all at once.
There's a pro-bitcoin article on Mises daily today.
Many Austrian school people will point out that gold is only an inflation hedge if you can trade it with what ever replaces the inflated currency when it finally dies. You don't trade gold for goods in the hyperinflation crisis because you will get ripped off or killed by some thug for the gold your waving around. So when the crisis is at its peak you trade vegetables, solar cells, batteries and keep the gold hidden. The gold is for after the crisis when the new 'improved' dollar comes out. Then you buy that with your gold. If the new improved dollar is a gold currency you still trade ingots for it because coins and shire silver type cards are more convenient than gold ingots. Bitcoin will become the key digital trading element and gold the key long term emergency store of value.
Both can go down: bitcoin can fall if someone mass produces hacking tools and gold can go down if someone gets going on sea bed mining in a big way.
There's a pro-bitcoin article on Mises daily today.
Many Austrian school people will point out that gold is only an inflation hedge if you can trade it with what ever replaces the inflated currency when it finally dies. You don't trade gold for goods in the hyperinflation crisis because you will get ripped off or killed by some thug for the gold your waving around. So when the crisis is at its peak you trade vegetables, solar cells, batteries and keep the gold hidden. The gold is for after the crisis when the new 'improved' dollar comes out. Then you buy that with your gold. If the new improved dollar is a gold currency you still trade ingots for it because coins and shire silver type cards are more convenient than gold ingots. Bitcoin will become the key digital trading element and gold the key long term emergency store of value.
Both can go down: bitcoin can fall if someone mass produces hacking tools and gold can go down if someone gets going on sea bed mining in a big way.