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some thought about digital currency of the future Economics
Here I meant fractional reserve policy banks usually use to generate credits. I…
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n/a | Red | August 03, 2010, 02:01:38 AM |
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Trojan Time Machine Chain Development & Technical Discussion
Interesting! Are you considering going all the way back to the genesis block?I w…
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n/a | Red | August 03, 2010, 01:02:47 AM |
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BitBank? Trading Discussion |
n/a | Red | August 03, 2010, 12:47:30 AM |
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$29.49 for some bitcoins! Marketplace
If you want to do the first market based test of the economic theories here...Yo…
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n/a | Red | August 03, 2010, 12:24:29 AM |
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A Modest Proposal Trading Discussion
Factor in their failure includes:1) Copyright law.2) Angry copyright holders.3)…
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n/a | Red | August 03, 2010, 12:19:36 AM |
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What happens when network is split for prolonged time and reconnected? Bitcoin Discussion
I have a definitive answer for you all.Woot! Real facts! Nice!Cool time machine…
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n/a | Red | August 02, 2010, 11:59:32 PM |
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Trojan Time Machine Chain Development & Technical Discussion
That is a very interesting attack vector!I was thinking about that longest chain…
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n/a | Red | August 02, 2010, 11:55:08 PM |
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Inflation, Fractional Reserve, and Bitcoins Economics
Not true. If I deposit 100 bitcoins at a bank, the bank lends out 90, and I want…
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n/a | Red | August 02, 2010, 11:21:22 PM |
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some thought about digital currency of the future Economics
not really. There is no lender in this scenario: an agent "borrows" the money fr…
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n/a | Red | August 02, 2010, 10:46:11 PM |
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Lending at negative interest rates. (People like bigger numbers.) Economics
Or the economy is stimulated less than usual, and you end up with less total wea…
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n/a | Red | August 02, 2010, 10:32:09 PM |
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Lending at negative interest rates. (People like bigger numbers.) Economics
Expanding upon "bunk"As a simple example: Say 1 bitcoin buys you 1 loaf of bread…
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n/a | Red | August 02, 2010, 09:58:44 PM |
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Lending at negative interest rates. (People like bigger numbers.) Economics
I think I'll just restate what I said in the post he was responding to.---------…
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n/a | Red | August 02, 2010, 09:38:23 PM |
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Who's going to make out like a bandit... Economics
Answering the actual question:Knightmb
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n/a | Red | August 02, 2010, 09:20:57 PM |
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Scalability multiple currencies Development & Technical Discussion
I don't see that it couldn't be done. After all China pegged the currency for a…
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n/a | Red | July 31, 2010, 11:43:00 AM |
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Coin Collecting Marketplace
Umm... as far as I understand, you really can't collect bitcoins. All that the s…
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n/a | Red | July 31, 2010, 11:35:05 AM |
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Anonymity and Traceability Review Bitcoin Discussion
To make a truly anonymous payment, the sent address must be not be linkable to a…
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n/a | Red | July 31, 2010, 03:11:43 AM |
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I don't think that I understand. Bitcoin Discussion
Trust meaning that it is possible for the sender to double spend the coins befo…
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n/a | Red | July 31, 2010, 02:08:52 AM |
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Scalability multiple currencies Development & Technical Discussion
The goal of this exercise is how can you divide the block list in half for an ex…
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n/a | Red | July 31, 2010, 01:54:57 AM |
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Network-wide self-corecting mechanisms Bitcoin Discussion
In a highly deflationary environment lenders would lend money at negative intere…
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n/a | Red | July 31, 2010, 01:15:28 AM |
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I don't think that I understand. Bitcoin Discussion
I figured that the transaction would have to be announced eventually, but I was…
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n/a | Red | July 31, 2010, 12:50:37 AM |
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Scalability multiple currencies Development & Technical Discussion
I'm missing the point of the exercise entirely. How does this additional complex…
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n/a | Red | July 30, 2010, 07:40:04 PM |
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I don't think that I understand. Bitcoin Discussion
You have a pretty correct understanding.1. Yes that is correct2. The block chain…
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n/a | Red | July 30, 2010, 07:34:32 PM |
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Scalability multiple currencies Development & Technical Discussion
I know an 'institution' trusted by all involved parties would probably need to e…
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n/a | Red | July 30, 2010, 04:54:54 PM |
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Economic FAQ Economics
Economic FAQ by Red
The wise behavior in deflation stage is to hoard as much as you can. But it kill…
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n/a | Red | July 30, 2010, 02:25:41 PM |
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Network-wide self-corecting mechanisms Bitcoin Discussion
f there is deflation and people start hoarding money thinking that their money w…
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n/a | Red | July 30, 2010, 02:09:24 PM |
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Network-wide self-corecting mechanisms Bitcoin Discussion
Allowing everybody to tweak Policy and having some sort of mechanism that figure…
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n/a | Red | July 30, 2010, 01:37:50 PM |
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Economic FAQ Economics
Economic FAQ by Red
the consequence of 2 is that bitcoins NEED other currency to survive. The econom…
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n/a | Red | July 30, 2010, 01:32:44 PM |
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Anonymity and Traceability Review Bitcoin Discussion
By the way, I've got an idea for an automated way of preserving true anonymity i…
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n/a | Red | July 30, 2010, 01:20:25 PM |
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Anonymity and Traceability Review Bitcoin Discussion
By the way, I've got an idea for an automated way of preserving true anonymity i…
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n/a | Red | July 30, 2010, 02:17:27 AM |
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Anonymity and Traceability Review Bitcoin Discussion
Anonymity in BitCoin is really a misnomer. It is really pseudonymity as all tran…
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n/a | Red | July 30, 2010, 02:05:00 AM |
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Economic FAQ Economics
Economic FAQ by Red
Guys...time to make a better economic FAQ.This is the starting list...Objections…
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n/a | Red | July 30, 2010, 12:34:13 AM |
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Is Bitcoin that really decentralized, as you believe? Bitcoin Discussion
While I think the signed binary bit is a non-solution to the problem, that attac…
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n/a | Red | July 30, 2010, 12:17:04 AM |
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Building initial transaction trust through "coin ripping" Bitcoin Discussion
To make that work in bitcoin you would need to be able to create a private key t…
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n/a | Red | July 29, 2010, 11:48:49 PM |
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BitCoin Parameters Bitcoin Discussion
Thanks lachesis!That is what I concluded from reading the code. It makes perfect…
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n/a | Red | July 29, 2010, 11:04:15 PM |
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BitCoin Parameters Bitcoin Discussion
Thanks! those are great answers!I guess I slipped a couple of "design decision"…
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n/a | Red | July 29, 2010, 05:59:25 PM |
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Economic FAQ Economics
Economic FAQ by Red
Fair enough! :-)
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n/a | Red | July 29, 2010, 05:40:14 PM |
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Economic FAQ Economics
Economic FAQ by Red
What happens if someone has 1,234,567 BTC and won't sell any at any price?/sarca…
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n/a | Red | July 29, 2010, 05:06:08 PM |
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Anonymity and Traceability Review Bitcoin Discussion
I think that the limits of anonymity needs to be discussed if that is going to b…
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n/a | Red | July 29, 2010, 04:48:23 PM |
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Is Bitcoin that really decentralized, as you believe? Bitcoin Discussion
As close as I figure everything throughput is babbling about, comes down to a si…
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n/a | Red | July 29, 2010, 04:42:56 PM |
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Is Bitcoin that really decentralized, as you believe? Bitcoin Discussion
I didn't notice this earlier or I would have responded.But that is not just an o…
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n/a | Red | July 29, 2010, 04:29:52 PM |
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Anonymity and Traceability Review Bitcoin Discussion
Just to say, I currently believe based on reading the spec that everyone will kn…
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n/a | Red | July 29, 2010, 12:01:46 PM |
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BitCoin Parameters Bitcoin Discussion
There are certain constants in BitCoin that could have initially been set to any…
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n/a | Red | July 29, 2010, 10:57:03 AM |
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Network-wide self-corecting mechanisms Bitcoin Discussion
Consider including in the BitCoin protocol some network-wide self-correcting mec…
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n/a | Red | July 29, 2010, 10:23:43 AM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
That is pretty awe inspiring! You didn't assemble all those machines for this p…
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n/a | Red | July 28, 2010, 02:48:33 PM |
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Is Bitcoin that really decentralized, as you believe? Bitcoin Discussion
So who develops the tests? Wouldn't they become some central authority?FTW!
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n/a | Red | July 28, 2010, 12:31:16 PM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
I can't explain this to you any better.I can only explain it to you LOUDER.If yo…
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n/a | Red | July 28, 2010, 12:30:24 PM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
Oh, really. And you see no difference in the long run between hoarding of very l…
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n/a | Red | July 28, 2010, 12:24:33 PM |
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Scalability and transaction rate Development & Technical Discussion
expecting individuals to "donate time" or make a profit in "bit coin mining" is…
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n/a | Red | July 28, 2010, 11:32:06 AM |
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Is Bitcoin that really decentralized, as you believe? Bitcoin Discussion
I want to point out that I have heard of several existing "alternative implement…
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n/a | Red | July 28, 2010, 11:50:34 AM |
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Quantum computer? Development & Technical Discussion
Let's say i have a practicable quantum computer or other device capable of rapid…
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n/a | Red | July 28, 2010, 11:40:39 AM |
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Using bit coins as negotiable, verifiable, warehouse receipts Bitcoin Discussion
So essentially to achieve what I want may require a breaking change.Actually I d…
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n/a | Red | July 28, 2010, 10:35:27 AM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
So, I can't send coins to a random BitCoin address, so they become blocked forev…
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n/a | Red | July 28, 2010, 10:11:20 AM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
He may aswell, just disintegrate that bitcoins. Just for fun.How many bitcoins d…
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n/a | Red | July 28, 2010, 03:50:29 AM |
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Is Bitcoin that really decentralized, as you believe? Bitcoin Discussion
You proved a tendency to discuss my person, instead of my words, well...Your per…
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n/a | Red | July 28, 2010, 03:40:18 AM |
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Using bit coins as negotiable, verifiable, warehouse receipts Bitcoin Discussion
Is there something about the bitcoin implementation that would prevent this kind…
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n/a | Red | July 28, 2010, 02:53:07 AM |
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Using bit coins as negotiable, verifiable, warehouse receipts Bitcoin Discussion
Check out Loom.That's interesting! Thanks for the reference.
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n/a | Red | July 28, 2010, 12:28:27 AM |
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Possible Feature Request - Always have a way to find BitCoin Address when receiv Development & Technical Discussion
If you send payment direct from IP to IP, the BitCoin address is recorded somewh…
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n/a | Red | July 27, 2010, 11:55:06 PM |
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Money Transfer Regulations Trading Discussion
Bytemaster: I had a similar ideal. It turns out the major limiting factor is tha…
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n/a | Red | July 27, 2010, 01:05:53 PM |
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Money Transfer Regulations Trading Discussion
I think the digital goods argument holds until it becomes obvious that the follo…
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n/a | Red | July 26, 2010, 06:14:16 PM |
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Bitcoin does NOT violate Mises' Regression Theorem Economics
Yes, quite an impressive analysis! Alas I have no coins to send.Why is there no…
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n/a | Red | July 26, 2010, 11:26:34 PM |
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Coin Collecting Marketplace
Better yet, have them give you the private key to the address that generated the…
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n/a | Red | July 26, 2010, 10:54:43 PM |
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Coin Collecting Marketplace
So the very first 50BTC is what you are after, what if that person had other Bit…
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n/a | Red | July 26, 2010, 10:39:15 PM |
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Official Bitcoin Unicode Character? Bitcoin Discussion
Ƅ Latin capital letter tone six (simple and cool looking)∄ There does not exis…
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n/a | Red | July 26, 2010, 08:40:41 PM |
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Coin Collecting Marketplace
I'd like to be the first BitCoin collector.I'd like to buy 5 uncirculated bitcoi…
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n/a | Red | July 26, 2010, 07:03:34 PM |
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Money Transfer Regulations Trading Discussion
I see this is an old thread. Did any real lawyers advise anyone on this?I see th…
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n/a | Red | July 26, 2010, 05:33:20 PM |
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Stealing Coins Development & Technical Discussion
Sorry, actually it's ECDSA (Elliptic Curve Digital Signature Algorithm) not RSA.…
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n/a | Red | July 25, 2010, 07:46:04 PM |
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The MOST Important Change to Bitcoin Bitcoin Discussion
I would make the rate of coin generation constant ...You might try reading in th…
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n/a | Red | July 25, 2010, 07:12:39 PM |
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With "Balance sheets" most of the block chain can be forgotten. Bitcoin Discussion
Let me clarify...I'd like it if EVERYBODY forgot the old transactions. It doesn'…
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n/a | Red | July 25, 2010, 07:05:05 PM |
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Stealing Coins Development & Technical Discussion
So the way I read it.Given two numbers p and q. Which for RSA are supposed to be…
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n/a | Red | July 25, 2010, 04:19:11 PM |
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Stealing Coins Development & Technical Discussion
bitcoinaddress = RIPEMD-160(SHA-256(publickey))Correct me if I'm wrong (please,…
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n/a | Red | July 25, 2010, 04:04:01 PM |
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Stealing Coins Development & Technical Discussion
From what I was told, bitcoin is using one of the 160 bit hashes for generating…
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n/a | Red | July 25, 2010, 02:52:23 PM |
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Stealing Coins Development & Technical Discussion
Satoshi pointed out that my scenario still required the hash function to be brok…
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n/a | Red | July 25, 2010, 02:22:14 PM |
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Stealing Coins Development & Technical Discussion
Thanks Satoshi,Here is what I sent him.-----------Public key cryptography depend…
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n/a | Red | July 25, 2010, 02:09:43 PM |
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Stealing Coins Development & Technical Discussion
You stopped my post just in time! :-)
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n/a | Red | July 25, 2010, 01:07:31 PM |
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Stealing Coins Development & Technical Discussion
I think there is a pretty significant crypto flaw in Bitcoin as currently implem…
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n/a | Red | July 25, 2010, 12:08:03 PM |
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Mises' Regression Theorem. Economics
Red: That's the whole point of the multiple addresses. You can send from any of…
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n/a | Red | July 25, 2010, 11:47:45 AM |
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Mises' Regression Theorem. Economics
How do you plan to remain anonymous when it comes to actually shipping the produ…
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n/a | Red | July 25, 2010, 09:09:54 AM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
Relatively easy, using block timestamp + difficulty extracted from blocks.datYes…
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n/a | Red | July 24, 2010, 09:04:48 PM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
Then a pretty steady increase to currently about 1700 Mh/s over the following 10…
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n/a | Red | July 24, 2010, 07:40:56 PM |
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Mises' Regression Theorem. Economics
Quote from: Red It's a huge source of N value.M-value, monetary! Anonymity in th…
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n/a | Red | July 24, 2010, 04:13:59 PM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
Wow, Thanks! Nice explanation. Far more than I expected!He now claims that he sh…
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n/a | Red | July 24, 2010, 03:31:13 PM |
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Mises' Regression Theorem. Economics
Bitcoins are a novelty. People want them because "Hey, this is a cool concept".…
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n/a | Red | July 24, 2010, 02:58:24 PM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
Once block 70560 comes around, we will know if the other part (Nenolod's) plans…
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n/a | Red | July 24, 2010, 02:10:49 PM |
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Scalability Development & Technical Discussion
Scalability by Red
What's funny?I'm in agreement on your points. However you have to admit that wha…
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n/a | Red | July 23, 2010, 02:31:37 PM |
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Scalability Development & Technical Discussion
Scalability by Red
Well, you do have to trust that the server doesn't lie about whether your transa…
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n/a | Red | July 23, 2010, 01:33:38 PM |
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Scalability and transaction rate Development & Technical Discussion
AFAIK, it chooses some random connections to connect to from the IRC bootstrappe…
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n/a | Red | July 23, 2010, 01:13:43 PM |
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With "Balance sheets" most of the block chain can be forgotten. Bitcoin Discussion
I like the balance sheet concept because it allows the network to forget most of…
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n/a | Red | July 23, 2010, 01:10:17 PM |
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Is Bitcoin that really decentralized, as you believe? Bitcoin Discussion
I really think what he is trying to point out is that the scarce commodity backi…
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n/a | Red | July 23, 2010, 01:05:44 PM |
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Deflation Economics |
n/a | Red | July 23, 2010, 12:44:01 PM |
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Is Bitcoin that really decentralized, as you believe? Bitcoin Discussion
I find it ironic that bitcoins are the first scarce commodity money created pure…
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n/a | Red | July 23, 2010, 08:00:16 AM |
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Scalability and transaction rate Development & Technical Discussion
I didn't mean anything other than how does the network communicate now?When I ru…
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n/a | Red | July 23, 2010, 07:53:42 AM |
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Deflation Economics |
n/a | Red | July 23, 2010, 12:59:50 AM |
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Flood attack 0.00000001 BC Bitcoin Discussion
Does paying the "fee" require the use of the "pay to anyone" signature I read ab…
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n/a | Red | July 23, 2010, 12:23:59 AM |
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Deflation Economics |
n/a | Red | July 22, 2010, 11:07:15 PM |
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Design Diagrams? Development & Technical Discussion
Thank you!
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n/a | Red | July 22, 2010, 10:22:17 PM |
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Nenolod, the guy that wants to prove Bitcoin doesn't work. Bitcoin Discussion
an MMO service needs a stable exchange for the microcurrency.I think you have a…
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n/a | Red | July 22, 2010, 10:17:08 PM |
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With "Balance sheets" most of the block chain can be forgotten. Bitcoin Discussion
Red: Noone said it was. I mentioned uniquely identifying them by the hash of th…
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n/a | Red | July 22, 2010, 11:57:40 AM |
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Scalability and transaction rate Development & Technical Discussion
Thanks for your analysis Hepatizon! It was about what I was expecting.However, I…
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n/a | Red | July 22, 2010, 11:42:44 AM |
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Scalability and transaction rate Development & Technical Discussion
Thank you both!I understand that all transactions and all validated blocks need…
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n/a | Red | July 22, 2010, 11:28:30 AM |
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With "Balance sheets" most of the block chain can be forgotten. Bitcoin Discussion
Uniquely identifying each bitcoin is a very good idea.As I read the code, bitcoi…
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n/a | Red | July 22, 2010, 11:10:14 AM |
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