jerfelix

I'm curious about their statement that they automatically append a slash as soon as you type the month.

The instructions say "MM/YY", but do not indicate whether the month is required to have two digits, or just permitted to have two digits. My card says it expires 1/16 So when I key in 1, does a slash get appended? Probably not. Instead, it gets appended after 11. 11/6. now what?

> (IIRC you have to be convicted to be pardoned, anyway)

Nixon was pardoned without conviction.

So, Agent-1, based on your training and experience, can you conclude, Agent-1, that simply because someone uses a pseudonymous username to conceal their identity, Agent-1, that they are a criminal?

bitmessage may be our only hope.

There should be a bitcoin address for donations.

There's no reason to trust me, but if you send me bitcoins, I'll convert to dollars and send to the fund. You preserve your anonymity. I'll convert all donations at the end of each month.

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with coinbase, I transferred maybe $600 to Bitcoin. With Dwolla, I transferred maybe $60,000. That should be an indication of the potential.

The reason is that with Dwolla / Mt Gox, I could control my purchase much better. I love ooinbase: they are a GREAT consumer service. But for large sums, I think Dwolla could have a huge win.

Where did you get that, out of that PDF? The number 25% sounds extremely high.

I have read this PDF before, a while ago, and I don't remember that stat. A quick glance tells me that they say that 2 addresses have over 500,000 Bitcoins, but that's just 4.6% (or more, obviously) of the total 10.7M issued so far. And there's no proof that this is the creator of Bitcoin. In fact, it's more likely one of the large exchanges!

So, please help me understand your statement. If it's buried in the text of that PDF, my apologies.

Correct me if I am wrong, but the prevailing thought when that article was written (1992) was that digital currency would resemble more of a transferred digital coin, with signatures representing each transaction. So if I had coin #12345, and I transferred it to you, I would digitally sign it to you giving your private key the spend capability.

With those architectures, a central authority would be required to prevent the double-spend. And with those architectures, the coins grow with each spend.

The difference with Bitcoin (which I think is totally misnamed) is that it's not a coin architecture, it's a ledger architecture. So no matter how many times the amount 1BTC is transferred, each transfer could be just the same length - the sender's address, the recipient's address, and an appropriate signature. Even 50 years from now and ten thousand transfers of that "coin" later, the "coin" doesn't get larger.

The ledger gets larger, but the coin does not (since really there's no such thing as a "bit COIN" - really what you have is a series of account numbers in the giant shared ledger.)

Right now they subdivide to 8 decimal places. .00000001

With minimal change to the protocol they could subdivide to much smaller units.

I think "bitcoin" is a confusing name, because it's really more like a group of account numbers, which can have money with 8 digits of precision to the right of the decimal point.

Think of a Bitcoin Address(es) as your account number(s), and your Private Key as your ATM card, PIN, and signature all wrapped in one.

If someone sends me 50 bitcoins, I have it in my "account" in the giant ledger in the sky. If I want to send 3.5 of them to someone, what might happen is that I create a transaction that sends 50 bitcoins to two different places... 3.5 to someone, and 46.5 to another account (of mine, my change!) in the giant ledger in the sky.

Or for simplicity, think of them like rewards points, and don't try to make it too complicated.

Just thought it was interesting to see the term Django take off (with the new movie out).

So much for using Google Trends to see what's more popular.

Good catch! You diagnosed my eroblem eerfectly.

I use the Roomba technique to eat my corn. Random walks.