jamoes

15 ms·

121.
by jamoes 14y ago
It's not really "P2P" if it's going through a central authority...
122.
by jamoes 14y ago
Yep. But then the question is how will they shut it down? The powers that be hate bittorrent, but it's still alive and prospering. The powers that be hate drugs, but the war on drugs has been an abysmal failure. Bitcoin will prove to be ver
123.
by jamoes 14y ago
> Inflation is stealing This cannot be overstated. All other points the monetary scientists try to make are simply distractions from this core point. Inflating the money supply is the literal theft from everyone holding that money.
124.
by jamoes 14y ago
There is a difference between defensive violence and offensive violence. For example, do you believe that you own your body? I do, and I would defend myself if necessary. I would only use violence against those that are threatening me thoug
125.
by jamoes 14y ago
This problem may very well grow as IPv6 gains adoption. IP address won't be a viable indicator of identity. What we need is a distributed, pseudonymous reputation system. In this way, honest users would have no problem signing up for servic
126.
by jamoes 14y ago
And, actually, it may continue well beyond 2140. The only reason it would stop there is because the smallest value bitcoin can currently represent is 0.00000001 BTC (1e-8). Many people believe that the rising value of bitcoin will bring ab
127.
by jamoes 14y ago
No centralized payment provider is immune from US law. Eventually Stripe will suffer the same fate.
128.
by jamoes 14y ago
What's your bitcoin strategy? It seems like bitcoin could really complement this type of business: The escrow service would be very useful to people wishing to pay in bitcoin. And at the same time, Balanced could benefit from the significan
129.
by jamoes 14y ago
>I'm located on Spain but all my software is configured as en_US for convenience. Out of curiosity, why? I am always frustrated with Google (and others) for using my IP address to determine my locale setting, when I clearly have indicat
130.
by jamoes 14y ago
The manpower to support bitcoin payments is minimal. A single engineer could integrate with a bitcoin payment provider such as Bitpay (or Walletbit or Mt. Gox Merchant) in less than a day. These bitcoin payment providers have APIs that are
131.
by jamoes 14y ago
This is true. A 51% attack in which the attacker prevents all transactions from going through is probably bitcoin's largest vulnerability. However, even at today's difficulty levels, this attack would be very expensive to maintain. With the
132.
by jamoes 14y ago
>And this idea that governments couldn't control Bitcoin is just laughable. They could get into the mining business and distort the currency beyond repair. They could setup Bitcoin->USD/JP/etc exchanges to track people. They could s
133.
by jamoes 14y ago
Unlike others here, I'm really excited about this feature! Buying bitcoins is one of the hardest steps for new people getting into it, so if you can provide a faster and easier way to do it, then good! That said, you should absolutely ensur
134.
by jamoes 14y ago
Check out https://en.bitcoin.it/wiki/Trade to see a long list of pretty much all the services that allow you to trade in bitcoins. My personal favorites: http://bitmit.net - an auction site that allows you to buy and sell goods with bit
135.
by jamoes 14y ago
It crashed my browser :( Firefox 16.0.1 on Ubuntu. My CPU went up to 100%, and stayed there for a minute until I just killed the process.
136.
by jamoes 14y ago
My brother did this exact same thing (competing with his friend to try to make as many folders as possible), only he got a 1 week suspension for "hacking". The IT manager was really pissed and pressed the school administrators to make an ex
137.
by jamoes 14y ago
Having greater than 50% of the computing power of the bitcoin network does not give you complete power of the currency. You would be able to prevent transactions from occurring, and double-spend recent transactions. Since the bitcoin networ
138.
by jamoes 14y ago
>even a pass phrase with 12 dictionary words has substantially less entropy than a random key Actually, 12 random dictionary words is incredibly secure. If you choose 12 random words from a pool of 100k words, then your entropy is: 1000
139.
by jamoes 14y ago
Oh cool, I wasn't aware of this. SSL client side certificates are not quite the same as the public key authentication done using SSH, but it seems like it could still be workable if the UI weren't so awful. The only real concern seems to b
140.
by jamoes 14y ago
What I'd really prefer to see is to simply never send my password over the wire to a website. I don't want to have to place any trust in them. When I log into an SSH server, I am authenticated using purely my private and public keys. The SS
141.
by jamoes 14y ago
All those arguments sounds similar to arguments about why the RIAA would have easily stamped out file sharing. I would say that the arms race is highly asymmetrical against Google. Building ad-blocking technology isn't that hard, so the lab
142.
by jamoes 14y ago
Fun way to play the game: try just holding the right arrow key down at the beginning. Since there doesn't seem to be a limit on horizontal velocity, it's kinda like you're on multiple horizontal positions at once. You can still fall down, b
143.
by jamoes 14y ago
Using a UIWebView has benefits other than just developer efficiency. If Facebook wanted to run A/B tests in a serious capacity, they needed the ability to make many changes to thier UI quickly. With the 2 week turnaround on app submissions,
144.
by jamoes 14y ago
Who would enforce the restriction that 1 BTC == 1 USD? The fact that bitcoin is decentralized means that the value of the currency pretty much has to float.
145.
by jamoes 14y ago
Yet another reason to support bitcoin. Bitcoin empowers payments that aren't subject to the whims of corporations (or any central authority for that matter).