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Big tech has upped the aggressiveness on censorship lately, can anyone point me in the direction of projects attempting to enter the social media space in a censorship resistant way?
Or decentralized hosting projects, something to compete with AWS. Any direction to guide my reading would be appreciated.
Or decentralized hosting projects, something to compete with AWS. Any direction to guide my reading would be appreciated.
Re: Who can tell me what actually happen (In plain words) when I send BTC to another
Your wallet doesn't really "send" BTC anywhere. Roughly speaking your wallet software submits a request to update an online database (blockchain) to anyone that is willing to listen on the network. People listening on the network (nodes) relay the update (transaction) until it is approved (added to a block by miners). The signature from your private key verifies that the update request you submit is valid and you have the authority to modify ownership of that part of the database (blockchain).
.....I think.
.....I think.
Doesn't Electrum have you make a 12 word seed or something that it derives all your private keys from? Did you use a common or literary phrase as your seed? If so, I'm sure bots would be watching addresses hashed from those seed words.
The balance comes when regulators understand the difference between individual users holding their own keys and custodial accounts that hold your money for you ie coinbase. Custodial accounts will need some form of regulation, Bitcoin itself does not need, and cannot be, regulated.
I think everyone is in agreement that the terminology used by media/journalists cannot stop the success or failure of Bitcoin and it will live/die by it's own merits. I would argue that it can effect cultural views of cryptocurrency, at least in the short term. The base of these terms are not new - digital, virtual, crypto. Though they can mean the same thing if used in speech and understood through context, they differ slightly, more so by a measure of degree than a measure of definition. I'm no linguist and can only speak to my own culture but here are my emotional reactions to these words being a native english speaker:
Virtual - a mock/fake version. Virtual reality.
Digital - a non-physical item, a version of a object that cannot be held but still serves the same function. ie a digital copy of a game versus a physical disc.
Crypto - encryption, secret, math, dark, unknown
I like to think of it as lighting up certain areas of your brain through word association and imagery. Priming you for the message that is being given. Now this is not some conspiracy post. We all do these subtle manipulations in our life to push our own beliefs and agenda (though some do so with more sinister intention than others). It may not even be intentional, but a product of the natural skepticism and lack of knowledge of the uninitiated.
I would prefer everyone use the newly (relatively so) coined term cryptocurrency and force the general public to learn the definition through exposure. As has been said in this thread already digital currency already sits in your online bank account. Virtual currency already sits in your World of Warcraft bag. Cryptocurrency is new and it can change everything.
Virtual - a mock/fake version. Virtual reality.
Digital - a non-physical item, a version of a object that cannot be held but still serves the same function. ie a digital copy of a game versus a physical disc.
Crypto - encryption, secret, math, dark, unknown
I like to think of it as lighting up certain areas of your brain through word association and imagery. Priming you for the message that is being given. Now this is not some conspiracy post. We all do these subtle manipulations in our life to push our own beliefs and agenda (though some do so with more sinister intention than others). It may not even be intentional, but a product of the natural skepticism and lack of knowledge of the uninitiated.
I would prefer everyone use the newly (relatively so) coined term cryptocurrency and force the general public to learn the definition through exposure. As has been said in this thread already digital currency already sits in your online bank account. Virtual currency already sits in your World of Warcraft bag. Cryptocurrency is new and it can change everything.
I have heard several terms used to describe Bitcoin and altcoins. Digital currency, cryptocurrency, and my least favorite virtual currency. Do you feel the connotations associated with each of these terms paint Bitcoin in a particular light?
For example I feel mainstream media tend to use the term virtual currency in an attempt to associate cryptocurrency with a sense of "it's not a real thing".
Whether intentional or not I think each of these terms will invoke a different response from a crypto layman depending on which term is used. Or does it not really matter in your opinion? Thoughts?
For example I feel mainstream media tend to use the term virtual currency in an attempt to associate cryptocurrency with a sense of "it's not a real thing".
Whether intentional or not I think each of these terms will invoke a different response from a crypto layman depending on which term is used. Or does it not really matter in your opinion? Thoughts?
Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison
This is one of the reasons it would be so difficult to accomplish anything even if an attempt was made. I would want changes in complete opposition to what you desire.
Yes, I think Ulbricht should be in prison, although mainly for charges other than the drug selling (I remember reading something about an attempt at hiring a hitman and weapons being sold on Silk Road). We have many legal "drugs" in the US. I do not need a nanny state to tell me which harmful drugs I'm allowed to use and which ones I am not. They are ALL harmful to an extent and I am more than capable of weighing my own pros and cons in substance use. The money spent on the war on drugs would be better put to use in education, treatment and addiction facilities.
It also appears from your previous posts you are in favor of tighter gun controls or even an outright ban on civilian gun ownership. Both of which I oppose fervently. What's the oft coined phrase?
"If you criminalize gun ownership then only the criminals will own guns."
I know the nuances of gun control laws and consequences cannot simply be boiled down to a 2 dollar catch phrase on a NRA poster, but France has much tighter gun laws than the US and yet criminals can just as easily mow down a street of people there as they can here.
I respect your desire for change and modernization, I just think you are pulling at the wrong threads if you want to realistically bring the majority of our country behind a change. Lobbyists, corruption, governmental transparency, the revolving door between congress and corporations, term limits for positions that have none, etc are more pressing issues that have a greater feasibility for public support.
I think that we're on the same team here. We need to start fixing our system from the top down instead of the
bottom up. Instead of disarming citizens by attacking the Bill of Rights, disarm big money by limiting their control over the populace. What many US citizens forget here is that the power of the US Constitution lies in the fact that the people have the power to enforce it if need be. Bitcoin and its ability to decentralize the control of the flow of "money" is the means by which we might achieve those goals. Instead of attacking people like Ulbricht, we should be concentrating on the solutions to fixing our corrupted economical power base. I believe that an attack on Ulbricht is an attack on the Bitcoin community in general!
That is a very powerful statement and one that I fully support. It's important to have that option even if no one ever wants to have to go to those means to protect their family/property. The argument of throwing off the reigns of an oppressive government may have a few holes in it with the current power of major nation states, but it is still significant to the founding of our country. Its significant to the spirit our culture. It isn't really about the individuals of the time, more of what they represent. This idea of what we strive to be as a society, guns are a part of that narrative. Now it may be personal bias from my own upbringing but that to me is a culture of freedom and sacrifice; something worth preserving. Some people with just as much citizenship as myself (and just as much right to an opinion as myself) might think such a cultural tie is a little outdated in today's world. That's OK.
Without trying to sound like a conspiracy nut, the insidious thing about our current system is that it works well enough. Well enough to NOT bare arms over. Well enough for most people to ignore things like senior corporate executives writing our trade laws such as the Trans-Pacific Partnership(/1EzkWiY]http://[Suspicious link removed]/1EzkWiY). To ignore that we don't truly make any of the important decisions. Decentralized voting was the most exciting idea when I first discovered Bitcoin. A tamper proof system that can be used to vote on government budgets, which programs get green lit, and even a President without 50 recounts! The people can decide whether to go to war for more oil or to rebuild our infrastructure with solar powered roads(http://www.solarroadways.com/intro.shtml). I'm still not sure exactly how it would work, I would be interested to know of any projects on the subject if anyone wants to share.
I'm not even the type to have a locker full of guns in my home, waiting for society to collapse and the apocalypse to begin; I simply think that with arguments presented to the citizens you would never obtain a significant, lets say two-thirds, majority in favor of removing anything from the Bill of Rights, much less the 2nd Amendment. The danger lies in "clarification" of the 2nd Amendment. Until we have a voting system as described I honestly do not trust the government to "clarify" any of my rights. I prefer to interpret them as written.
Quote
I believe that an attack on Ulbricht is an attack on the Bitcoin community in general!
I wouldn't go that far, the US government seems to be fairly nonreactive to Bitcoin in general. Only so much to say that the same corrupt rules apply to your new fancy internet moneyz.
Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison
BADecker, you draw too many conclusions from things that are totally unrelated.
Even if we did revamp the government from the ground up, I would still want people like Ulbricht to be imprisoned. I might let them out of prison in their 70s because the chance of them doing much harm at that point is over. I still want controls on anyone that promotes hard drug use (directly or indirectly), weapons distribution or harms children among many others. In fact, I would drastically increase penalties for some things like cruelty to animals.
Even if we did revamp the government from the ground up, I would still want people like Ulbricht to be imprisoned. I might let them out of prison in their 70s because the chance of them doing much harm at that point is over. I still want controls on anyone that promotes hard drug use (directly or indirectly), weapons distribution or harms children among many others. In fact, I would drastically increase penalties for some things like cruelty to animals.
This is one of the reasons it would be so difficult to accomplish anything even if an attempt was made. I would want changes in complete opposition to what you desire.
Yes, I think Ulbricht should be in prison, although mainly for charges other than the drug selling (I remember reading something about an attempt at hiring a hitman and weapons being sold on Silk Road). We have many legal "drugs" in the US. I do not need a nanny state to tell me which harmful drugs I'm allowed to use and which ones I am not. They are ALL harmful to an extent and I am more than capable of weighing my own pros and cons in substance use. The money spent on the war on drugs would be better put to use in education, treatment and addiction facilities.
It also appears from your previous posts you are in favor of tighter gun controls or even an outright ban on civilian gun ownership. Both of which I oppose fervently. What's the oft coined phrase?
"If you criminalize gun ownership then only the criminals will own guns."
I know the nuances of gun control laws and consequences cannot simply be boiled down to a 2 dollar catch phrase on a NRA poster, but France has much tighter gun laws than the US and yet criminals can just as easily mow down a street of people there as they can here.
I respect your desire for change and modernization, I just think you are pulling at the wrong threads if you want to realistically bring the majority of our country behind a change. Lobbyists, corruption, governmental transparency, the revolving door between congress and corporations, term limits for positions that have none, etc are more pressing issues that have a greater feasibility for public support.
A friend of mine was asking me about using bitcoin to transfer a large amount of euros (6 figure range) in an account outside the US to USD in his US bank account. All of this to avoid the large exchange fee from euros to dollars. I was thinking wire transfer the euros to bitstamp, buy bitcoin, sell bitcoin for USD on bitstamp, wire transfer USD to his bank account. Does this sound right? I've only dealt with USD and coinbase myself so I'm not sure, any input would be appreciated.
Cant you cancel the order and get half back?
After 5 months from your date of order you can no longer cancel.
I want to sell my 250mhs Viper Scrypt ASIC preorder. I ordered very early (within the first few days) with order #67XX.
The total price of the miner was 5,450 GBP (roughly $9,350 USD). I put 1,635 GBP (roughly $2,800 USD) down with a remaining balance of $6,500 USD. The remaining balance is due ASAP, they have extended the deadline for final payment until 2 weeks after their credit card processor is up and running (as of today 7/9/14 it isn't up yet so at least 2 more weeks), and I unfortunately I do not have the cash to pay the remaining balance.
I will sell you access to the account on Alpha-ts site where you can change the email associated with the account, the accounts password, the name/shipping address and make final payment of $6,500 USD to alpha-t.
They are shipping by the end of July and would hate for them to get $2,800 USD out of me for nothing. I will take 1 BTC in exchange for the account.
**Edited for clarification.
The total price of the miner was 5,450 GBP (roughly $9,350 USD). I put 1,635 GBP (roughly $2,800 USD) down with a remaining balance of $6,500 USD. The remaining balance is due ASAP, they have extended the deadline for final payment until 2 weeks after their credit card processor is up and running (as of today 7/9/14 it isn't up yet so at least 2 more weeks), and I unfortunately I do not have the cash to pay the remaining balance.
I will sell you access to the account on Alpha-ts site where you can change the email associated with the account, the accounts password, the name/shipping address and make final payment of $6,500 USD to alpha-t.
They are shipping by the end of July and would hate for them to get $2,800 USD out of me for nothing. I will take 1 BTC in exchange for the account.
**Edited for clarification.
I want to sell my 250mhs Viper Scrypt ASIC preorder. I ordered very early (within the first few days) with order #67XX. I paid 1,635 gpd down, the remainder is due ASAP and I unfortunately do not have the cash to pay it. You will be responsible for the remaining 3,849.99 gbp. They are shipping to you by the end of July. I will accept BTC or LTC and am willing to hear all offers.
good luck with this
Yeah thanks, I figured I'm just SOL but it's worth a try, maybe someone will want it for a steep discount.
I want to sell my 250mhs Viper Scrypt ASIC preorder. I ordered very early (within the first few days) with order #67XX. I paid 1,635 gpd down, the remainder is due ASAP and I unfortunately do not have the cash to pay it. You will be responsible for the remaining 3,849.99 gbp. They are shipping to you by the end of July. I will accept BTC or LTC and am willing to hear all offers.
Re: Andreas Antonopolous raising funds for Dorian Nakamoto
will folks please stop quoting Mr. Crappo
I, for one, don't want to expose myself to the toxic stupidity.
I, for one, don't want to expose myself to the toxic stupidity.
+1
Donate or don't donate. Whether or not you agree with the concept of this donation, or even believe its legitimacy. Once you have made your position clear no need to repeat it ad nauseam.
I agree that each decimal place doesn't really need its own name. For me 0.0001 BTC is either 0.1 mBTC (millibitcoins/millibits/em-bits/em-bitcoins - whichever you fancy) or 100 uBTC (microbitcoins/microbits/u-bits). That being said I chose decimillibit since it follows the same format.
Did you honestly say "decimillibit"?
..... this is how silly this debate is. We are trying to invent words that nobody can spell or say .... when we have numbers already. As I said I do not think any new names are necessary but that is not a choice in the poll.
I agree that each decimal place doesn't really need its own name. For me 0.0001 BTC is either 0.1 mBTC (millibitcoins/millibits/em-bits/em-bitcoins - whichever you fancy) or 100 uBTC (microbitcoins/microbits/u-bits). That being said I chose decimillibit since it follows the same format.
What happens when they realize the solution?
http://www.nytimes.com/2010/01/05/your-money/credit-and-debit-cards/05visa.html?pagewanted=all&_r=0
Assuming Bitcoin (or the decentralized cryptocurrency concept in general) is truly magnitudes more efficient than the current electronic payment systems (PIN debit, signature debit, signature credit, etc.), resulting in lower fees for merchants*, fees which the merchants would normally pass onto consumers and therefore a superior system. In time (years? decades?) it should rival, if not surpass, the current largest player in the payment network market, VISA. What would a Bitcoin network that could process 2,000 transactions per second as opposed to 7 transactions per second** look like, besides the dramatic price increase and subsequent stabilization?
Would the cost of running a full node exceed the budget or if not budget then the interest of the average user? If so then the majority of users must run SPV clients, yes? Or perhaps users will store their coins in datacenter "banks" with appropriate insurance running full nodes for them and also providing "trusted" nodes for SPV wallets. I would hope that do to the nature of bitcoins predictably decreasing inflation rate and its consensus based protocol, it would not be possible for these potential new "bitcoin banks" to make a new fractional reserve system or such token on top of Bitcoin. Instead use a business model such as setting contracts with large mining companies or pools for rights to processing users transactions.
What are the main limiting factors in the amount of transactions per second the bitcoin network can process? Is it only the current software limits in place and the need for more powerful nodes to process the blockchain?
Would it be safer accept zero confirmation transactions in such a robust network?
*Transaction fees as low as 0.1% - Bitpay founder Anthony Gallippi testimony on virtual currency senate hearing at 01:12:10. http://c-spanvideo.org/program/VirtualCu
**Transactions per second - https://en.bitcoin.it/wiki/Scalability
http://www.nytimes.com/2010/01/05/your-money/credit-and-debit-cards/05visa.html?pagewanted=all&_r=0
Quote
What we witnessed was truly a perverse form of competition, said Ronald Congemi, the former chief executive of Star Systems, one of the regional PIN-based networks that has struggled to compete with Visa. They competed on the basis of raising prices. What other industry do you know that gets away with that?
Quote
Visa does not distribute credit or debit cards, nor does it provide credit so consumers can buy flat-screen televisions or a Starbucks latte. Those tasks are left to the banks, which owned Visa until it went public in 2008.
Instead, Visa provides an electronic network that acts like a tollbooth, processing the transaction between merchants and banks and collecting a fee that averages 5 or 6 cents every time. For the financial year ended in June, Visa handled 40 billion transactions. Banks that issue Visa cards also pay a separate licensing fee, based on payment volume. MasterCard, which is roughly half the size of Visa, uses a similar model.
Instead, Visa provides an electronic network that acts like a tollbooth, processing the transaction between merchants and banks and collecting a fee that averages 5 or 6 cents every time. For the financial year ended in June, Visa handled 40 billion transactions. Banks that issue Visa cards also pay a separate licensing fee, based on payment volume. MasterCard, which is roughly half the size of Visa, uses a similar model.
Assuming Bitcoin (or the decentralized cryptocurrency concept in general) is truly magnitudes more efficient than the current electronic payment systems (PIN debit, signature debit, signature credit, etc.), resulting in lower fees for merchants*, fees which the merchants would normally pass onto consumers and therefore a superior system. In time (years? decades?) it should rival, if not surpass, the current largest player in the payment network market, VISA. What would a Bitcoin network that could process 2,000 transactions per second as opposed to 7 transactions per second** look like, besides the dramatic price increase and subsequent stabilization?
Would the cost of running a full node exceed the budget or if not budget then the interest of the average user? If so then the majority of users must run SPV clients, yes? Or perhaps users will store their coins in datacenter "banks" with appropriate insurance running full nodes for them and also providing "trusted" nodes for SPV wallets. I would hope that do to the nature of bitcoins predictably decreasing inflation rate and its consensus based protocol, it would not be possible for these potential new "bitcoin banks" to make a new fractional reserve system or such token on top of Bitcoin. Instead use a business model such as setting contracts with large mining companies or pools for rights to processing users transactions.
What are the main limiting factors in the amount of transactions per second the bitcoin network can process? Is it only the current software limits in place and the need for more powerful nodes to process the blockchain?
Would it be safer accept zero confirmation transactions in such a robust network?
*Transaction fees as low as 0.1% - Bitpay founder Anthony Gallippi testimony on virtual currency senate hearing at 01:12:10. http://c-spanvideo.org/program/VirtualCu
**Transactions per second - https://en.bitcoin.it/wiki/Scalability