the biggest change in the internet since its inception

a reply to: burdman30ott6

if anybody thinks they are safe and secure on the internet, they are just plain wrong.

It's like quantum physics, you find or prove something works a certain way and all you get back are more questions.

Even the best of hackers and network guys these days have a hard time staying secret. If they really want to find you, they can.

~Tenth

originally posted by: burdman30ott6
a reply to: Kalomar

and

a reply to: XPLodER

I admit to being somewhat out of my element in regards to network technology, so my concerns may be baseless. I just have read enough about issues like the Silk Road takedown, bitcoin theft from that one bitcoin "bank manager" (don't know how else to describe the guy), and the general fact that while Bitcoin claims anonymity, the blocks where the transaction data is stored is fully open. I just don't understand how that works. It seems to me like you can either have data safety and anonymity or you can have transaction transparency, but not both.

ALL transactions are PUBLIC on the blockchain,
any reused or adresses that have been made public ARE able to be traced.

Bitcoin is sudo-annonomous meaning that while you have privacy (if used correctly)
YOU ARE NOT GENERALLY ANONYMOUS ie law enforcement can track transactions between adresses

My other issue revolves around the fact that, regardless of what proxy DNS you're using or so-called "Deep-Web" you're directing your information through, on the ends you're still using some manner of regulated ISP. I don't think the FBI stumbled upon the Silk Road, I think they simply waited a few blocks away from it, watched people go down the street with full wallets, and then watched them return with bags full of stuff... so to speak. That's not going to change. The ISPs will continue to serve as government watchdogs and censors. If anything, I see the open transparency of this block chain stuff to serve as an even more accurate tool for agencies to track online activities of an individual over multiple networks.

.Bit adresses are not deep web, they require no special browser nor access,
only a plugin so that you can resolve non top level domain names ie .Bit

silk road uses .onion addresses that are anonymous,
.bit addresses are not anonymous they are all stored in a block chain open to everybody including law enforcement.
they are simply censorship "resistant" and not even "private"

all .Bit addresses are human readable

xploder

originally posted by: tothetenthpower
a reply to: burdman30ott6

if anybody thinks they are safe and secure on the internet, they are just plain wrong.

It's like quantum physics, you find or prove something works a certain way and all you get back are more questions.

Even the best of hackers and network guys these days have a hard time staying secret. If they really want to find you, they can.

~Tenth

but what you can do is secure your own "internal network" with a communication's "blockchain",

each computer is given a certain number of "communication's coins",
only computers on the network can spend coins (communicate)
and if any outside computer trys to interact without a coin they are ignored.

so yes while exterior network are insecure, blockchains could secure internal networks.

xploder

whos got the HD space for all these blockchains?

a reply to: PhoenixOD

Google.. LOL..

Just out of interest Xploder, have you run a sim to see what happens when ALL the coins are mined in the bitcoin algorithm?

porn is much free'r and easyier too find,,

its one of those inconvienient truths.

originally posted by: UKWO1Phot
a reply to: PhoenixOD

Google.. LOL..

Just out of interest Xploder, have you run a sim to see what happens when ALL the coins are mined in the bitcoin algorithm?

you do understand "limited edition" then,
there will only ever be 21 million bitcoins.

its hard coded into the core so that mining mimics gold,
is there such a thing as a never ending goldmine?
the gold (coin) is only worth mining if it can be sold for more than mining it costs.

you are asking me
"do i think miners will continue to process transactions after mining rewards are too small to make money"?

i would say by the time that starts to become a problem, many more transactions will be bundled into a much larger block,
with equipment that can compress much larger groups of transactions, much more efficiently than is current.

there is the point that technology can progress faster when there is a competitive market, and solutions in the future will stem from moores law where drive size (capacity) will double space available for blockchains while costing the same.

the same argument can be made of existing connection rates for the internet meaning smaller block sizes are favoured,
that is true now but with connection speed increases of the future we would be able to handle the larger block sizes with ease.

i am very hopeful other people will come forward with innovations to each of your limitations
after all "its open sourced"

xploder

Whats wrong with this site or should I not ask !

This post was near the top and I logged in to reply and then the post was gone from recent posts a few seconds later so i had to use history to find it again. Lead weight maybe.

a reply to: burdman30ott6

"Internet anonymity?"

in one word Tor but don't trust VPN providers because I suspect some have cut a deal with the likes of Google and this is why Google blocks 3000 + Tor exit nodes and not well known VPN's with just a few hundred exit points.

"Internet freedom of speech? "

Thats getting hard because far too many sites make you register to post and sites that publish too many "free thinking" posts are soon banned by Twitter in Url links and hidden by Google.

"Internet freedom of information?"

Well yes if you can find what you are looking for but we are getting to a stage where most of what we get to read has been manipulated to present a false image. I will not go into specific detail but I have observed this first hand and if the usual all american NSA financed corporations (We all know the top six names) wants you to think that everyone else in the world just loves americans then that is what you will see.

Control of information is power and how do most people know just what parts of history has been re-written when we used books and TV let alone the internet and Googles "Do no Evil"

a reply to: XPLodER

I understand LIMITED EDITION, but there's a flaw in the code...

Here's an article about it: www.businessinsider.com...

originally posted by: UKWO1Phot
a reply to: XPLodER

I understand LIMITED EDITION, but there's a flaw in the code...

could you elaborate further?
a coding error or design flaw?

because according to most "experts" bitcoin is imposable yet it exists

xploder

originally posted by: Richardus
Here's an article about it: www.businessinsider.com...

very interesting,

here is an example of proof of digital ownership, now individuals can prove they own content they have created
www.proofofexistence.com...

thanks

xploder

a reply to: XPLodER

Looks like thy've just made it public on github
Link

originally posted by: UKWO1Phot
a reply to: XPLodER

Looks like thy've just made it public on github
Link

that was an april fools day prank,
www.reddit.com...

Yes and no. Almost everything in this BIP is quite literally truthful. Only the two sarcastic statements (Satoshi's. C++ mastery and the PHP fib) betray the BIP as April 1st material.
Particularly, the code as implemented today will do what the BIP says it will do. The reward will fold back to 50 BTC per block. Yes, the code as written has this behavior. It's just that this cluster# will happen around every two hundred years or so.
In other words, we have been quite literally mistaken all along -- Bitcoin isn't actually a finite supply currency pegged at 21M base units. That the author of the BIP decided to refer to this phenomenon as "Satoshi modeling the discovery of four mines every mibilenium" which is a valid inference based on the code is an absolute stroke of genius.
That's what makes this BIP the bestest of April Fools' jokes in the Bitcoin community.

best part of being open sourced is the code gets reviewed and improved over time


xploder