PettaMiner.com Constructive Reflections on Bitcoin in ...
PettaMiner.com Constructive Reflections on Bitcoin in ...
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Bitcoin Charities: Forward Thinking for Future Charities
Why I believe we're on the cusp of the 3rd great Bitcoin bubble
We've recovered from the last crash You might think it's a bit early (based on the time frame for the last recovery), but things are looking a lot different than in 2011. I would suggest its because the last bubble popped prematurely due to Mt. Gox's failure of a trading engine. Interest in buying Bitcoins has gone up to its highest point since the last bubble. There's a similar spike in general interest. Partly helped along by the Silk Road news. The network is being used at the same rate as during the last bubble. The Bitcoin ATM story (see below) is causing Bitcoin to trend in Canada on Google (was #1 for a bit). The $27 story (see below) will almost certainly cause a large spike worldwide in Google trends once they're updated up to yesterday. Lots and lots of new businesses now accept Bitcoins One legitimate criticism of Bitcoin last year was the lack of places to spend them. We basically just had Alpaca Socks, Reddit and Wordpress, we've grown a lot since then!
The $27 story is going massively viral I think the attention this story is getting took a lot of us by surprise. We're thinking "of course if you bought Bitcoins in 2009 you're rich" and it didn't make much of a splash. But to the rest of the world it's a very novel and interesting story.
Institutional money is coming Afraid with the price at $200 that it will be hard to find enough moms and pops to keep money coming in faster than miners are selling? Don't be, there are individuals out there with a net worth higher than the entire Bitcoin ecosystem.
Governments are explicitly saying it's not illegal More and more governments are either saying Bitcoins are legitimate currency, or releasing guidelines for exchanges to comply with anti-money-laundering laws.
New generation of exchanges Mt. Gox's terrible trading engine was a huge factor in the last crash. They couldn't keep up with all the new interest. This time around there are more exchanges in more countries, and not a single point of liquidity.
/r/Bitcoin Moderators Refuse to Provide Definition of Consensus
To /Bitcoin moderators: What is /Bitcoin's definition of consensus? I had a discussion today via mod mail with BashCo about a post of mine that was deleted from r slash Bitcoin. It seems to me that the crux of their censorship argument is restricting promotion of non-consensus software. Yet when asked for a definition of consensus, they refuse to provide it. Imgur link here, transcribed below:
[–]from BashCo[M] via /Bitcoin sent 7 hours ago Thank you for confirming that you're aware of how mod mail works. It's inappropriate to try and ping the entire mod team from the comments. If you have a question, simply contact mods like you just did.
[–]to BashCo[M] via /Bitcoin sent 7 hours ago Thank you for the prompt feedback. So, again:
We also expect that as the Bitcoin ecosystem grows, the number of alternative Bitcoin protocol implementations may increase, and it is inevitable that other software projects may release radically different software proposals for the ecosystem to consider. At the end of the day, the Bitcoin Core development team does not decide the Bitcoin consensus rules. Instead, users participate in Bitcoin by making their own choice of which Bitcoin software to run.
May we please discuss the specific "Bitcoin software" being referenced? I believe that transparency and end-user education are vital to the prosperity of Bitcoin.
[–]from BashCo[M] via /Bitcoin sent 7 hours ago As far as I'm aware, this is still a pro-consensus sub. You're more than welcome to educate users on the importance of strong consensus, and even promote your favorite BIPs, but unless I'm mistaken, promoting non-consensus clients will still need to occur elsewhere.
[–]to BashCo[M] via /Bitcoin sent 7 hours ago Thank you for the clarification. What is /Bitcoin's definition of consensus?
[–]from BashCo[M] via /Bitcoin sent 6 hours ago The OP_CLTV soft fork was a pretty good example of what consensus looks like. Notice that it didn't consume a full year of infighting without resolution. Virtually everyone (miners, devs, users, etc) agreed that it was a pretty great proposal and agreed to make it happen before 0.11.2 was even released. If there were a block size proposal which had at least the support that OP_CLTV, then we might be approaching the level of consensus necessary to pull off a hard fork. Thankfully we really don't need to worry about it for a while, which gives plenty of time for more refined proposals to emerge.
[–]to BashCo[M] via /Bitcoin sent 6 hours ago This is a good example, thank you. But to help avoid future confusion, it would be best for /Bitcoin to provide an explicit definition of consensus. Is this something /Bitcoin can provide?
[–]from BashCo[M] via /Bitcoin sent 6 hours ago I think a mod discussion on the matter would be worthwhile. Thanks for your feedback.
More information about the original post is available here. Paging:
This is a new moment in our history. We search for answers. We look to the past, to old dogmas and visions which seem to cloud our judgement further, leave us feeling conflicted and cause tension between allies. We need to take a step back to simple premises, and examine what we're setting out to achieve. I want to see less powerful and wealthy interests coercing and dominating the world. I want to see more challenges to hegemony and corruption. We need to own our management, with decision making taking place on a local level where choices on contribution, allocation of resources, … are made. Free software tools like Bitcoin gift us the possibility to self manage our resources, and the power to decide how to expend common funds for public goods. The United States was originally organised by the founding fathers as a federation of states. Recently freed from English tyranny, they sought to construct a fair and equal system that did not subjugate free peoples. By constructing our societies as a federation of communities, each providing different models and alternatives within them, we can transcend collectivised straitjacketing and decentralise the system. More free choice for the people. This isn't the same as free choice for the consumers as consumerism is a passive ideology, but instead requires active participation. You are involved in the creation, maintenance and participation. Responsibility no longer comes from states but resides within you, the individual. Technology tools are already obsoleting the old democratic systems. In Berlin, the German PirateParty is creating a platform for self determination called LiquidFeedback. Elsewhere we are seeing the development of a variety of communication (such as BitMessage), markets and self governance systems. If we are a bit more socially aware and smarter in our personal decisions (involving economic, life, relationships, …) then we can self organise together. We can outcompete the states by providing services like food, energy, housing, healthcare, education and transport. Services that are better and more aligned with the world we want to see. And by putting our ideals into practice everyday we can make our vision a reality. Most importantly, people come first, not fixed ideologies. Strength through diversity. We are on one planet, and have to co-exist with different viewpoints. If we can't find a consensus then we'll need to fight, and there are better things to be doing with my time. It's about your community, your proposals, your actions against other groups and their progress. The reality today is a fragmented market with increasing centralisation. Corporations influence government policy to confer advantage and erect walled gardens against their competitors. This is not a good use of resources. The consequence of our centrally managed economic system is states that want to centralise everything. Europe is trying now to create a unified economic zone with disastrous results, including a growing obsession with surveillance and control. Opensource offers an alternative. A free market ideal of collaboration based around the UNIX principle of building a brick that does one thing well, creating open ecosystems that emphasise integration and creating fair competitive markets. We don't need to cooperate with control freaks. Disobedience is the only way. ZeroMQ guide: Chapter 1, Fixing the World by Pieter Hintjens Internationality, Democracy and Reforming the Bitcoin Foundation by Vitalik Buterin The Cathdral and the Bazaar video The Castle and the City by Pieter Hintjens Bootstrapping A Decentralized Autonomous Corporation: Part I by Vitalik Buterin Bitcoin is money++ by Robert Williamson Why do we want to make unSYSTEM, DarkWallet and all these things? by Amir Taaki Crypto-anarchy Michael Parsons, London entrepreneur, ex-banker and presenter to UK government, talks about Bitcoin regulation. Questions at the end are interesting. The libbitcoin Manifesto by Amir Taaki Catalan Integral Cooperative: Economic Disobedience CIC: General Principles Newspaper about economy and alternatives printed by Enric Duran after taking 500k EUR from Spanish banks. Big Brother is WWWatching You - feat. George Orwell by RAPNEWS about Tor network Revolution: An Instruction Manual by StormCloudsGathering BBC: The Secret Life of Chaos BBC: Science Historian James Burke "balanced anarchy" A Declaration of the Independence of Cyberspace by John Perry Barlow LiquidFeedback - software for direct democracy and achieving consensus How to Make Money from Open Source by Pieter Hintjens Iran sanctions by the US harming ordinary citizens Bitcoin: An International Currency for International Communities by Vitalik Buterin List of Avalon-ASIC-Miner-Developers and Assembler (community hardware development is happening!) Foundation salaries and the development incentives they create payments protocol uses SSL Wikipedia: Hacker subculture Sean’s Outpost Announces Satoshi Forest, Nine-Acre Sanctuary for the Homeless by Vitalik Buterin
“Bitcoin has been so instrumental to Sean’s Outpost’s mission because, in our area, it is functionally illegal to be homeless. The socioeconomic conditions that make those laws possible also make it very difficult to fundraise in that area, because the same people that are creating the laws are the people that control most of the economy there. So what Bitcoin has done is, we can open up ... This past month was the Bitcoin in the Beltway Conference held in Washington, D.C. The event was planned by Jason King, who recently ran 3,214 miles on a tour called “Bitcoin Across America”. The Conference took place at the Marriott Renaissance in Downtown D.C. and proceeds went to King’s organization, Sean’s Outpost, a homeless outreach and advocacy group that operates on bitcoin ... Sean’s Outpost, Bitcoin Not Bombs, and Fr33 Aid have used Bitcoin to feed, clothe, and medically aid those in need on the local and global levels. Accepting Bitcoin makes for swift confirmation times that allow charities to get the funds they need immediately so they can get to work efficiently. These Bitcoin charities are also thorough about documentation, something mainstream charities ... Now I can dedicate a percentage of my mining power to Sean's Outpost in one instance of cgminer by adjusting share quotas in Load Balance... jump to content. my subreddits. edit subscriptions. popular-all-random-users AskReddit-news-funny-todayilearned-pics-gaming-aww-videos-gifs-tifu-worldnews-Showerthoughts-movies-mildlyinteresting -Jokes-science-space-OldSchoolCool-explainlikeimfive-IAmA ... Auch Spenden spielen dabei eine Rolle: Sean’s Outpost, ein Obdachlosenheim in Florida, nimmt seit März dieses Jahres Spenden in Bitcoin an. Mittlerweile hat das Haus rund 30.000 Dollar gesammelt. Es plant, ein Gelände zu erwerben, um darauf den Satoshi Forest aufzubauen – eine Art Dorf mit Bleiben für Obdachlose. Die Immobiliengesellschaft hat zugesagt, dass die gesamte Verkaufssumme in ...
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