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Comment Re:This will be a litmus test (Score 1) 207

>Again: the NRA is a religion and does not represent the desires of the majority of its adherents.

I agree - they dont really represent our interests very well. They are far too moderate and willing to compromise.
We need to eradiacate all gun laws of any kind form the books, and restore the 2A to its original intention, and the NRA
just isnt pushing hard enough. This is why we have additional groups such as GOA and the VCDL, because the NRA
is too goddamn liberal.

Comment Re:You know *nothing* about security (Score 1) 220

>8) A password is, almost by definition, short enough to memorize or at least write down in a reasonable time. Very few humans could ever
>manage to memorize even a 1024-bit key pair; anything much stronger is right out. Calling it "a secret someone has too[sic] know" is
>simple idiocy.

I think you are overestimating this a bit; a 1024 bit RSA key is worth about 80 bits of password strength.

an 80 bit password is really not to hard to memorize.

Here is an example: "held boat upon toward fish party long trade"

This is made by generating random bits, then looking up words from a word list to correspond. Assuming the attacker knows the exact algorithm, its ~85 bits of entropy.

A human is much less good at choosing a random password, but memorizing one is pretty easy.

Comment Re:Unregulated currency (Score 1) 704

This is really not that hard. Slashdot is full of old geezers apparently.

Dont use services that require you to trust them.
Keep a zero balance in any exchange.
Dont put lots of money into fairly transparent scams such as flexcoin.
Dont give tons of valuable assets to anonymous strangers who you dont know.

Bernie Madoff didnt prove that the dollar was an unworkable idea, neither do these two scams say much about
bitcoin itself.

Comment Re:This kind of thing is why FDIC exists (Score 5, Interesting) 695

> Maybe this will be an object lesson for the libertarian

I'm sure it will be, but not the lesson you are thinking of.

Some attributes of this problem:

* The currency itself is not affiliated with the crashing "bank". so you have seen exchange rates dip somewhat, there is no fundamental crash for the cryptocurrency

* Numerous exchanges and other pseudo-exchanges have stayed open and operational for this whole saga, allowing liquididty in and out of the cryptocurrency

* Use/Exchange of cryptocurrency does not require blind trust in the fundamental sense, so those who kept their balances in trust exchanges minimal to nil, lost nothing

* This "crash" was not sudden or mysterious. Those with the slightest modicum of common sense got out long ago. Other's with a taste for danger kept in or bought in up to the last minute. But just like playing with penny stocks, the risk was very high.

* MtGOX itself was a form of ponzi scheme. You could also have a ponzi scheme based on chicken eggs, or bottle caps. This does not mean that eggs themselves are a ponzi scheme, and neither are bitcoins.

On the other side of the coin, any form for exchange is backed with trust. So long as people continue to trust in the cryptographic and stability of the network itself. Those appear to remain strong, and merchants accepting the currency semi-directly continue to operate.

The lesson learned: crypto currency can sustain major scandals denominated in itself and not be fundamentally broken. Also, its possible for exchanges and reserve banks to prove solvency cryptographically, and doing so will become the "FDIC" equivalent for the crypto currency world.

Comment Re:Marked as forfeited? (Score 1) 408

>You can't hide the transaction history of a given coin, because that's how BitCoin works

That is true, but insignificant. A coin ceases to exist in the first transaction that spends it. so each's
coins history is at most one transaction.

You may be able to track the flows of value across different coins and transactions, but tumbling can obfuscate the trail, sufficiently to hide the history of the origins of the value held in any given unspent coin.

Comment Re:Loophole closed (Score 3, Insightful) 236

> If Italian products are being advertised to Italians, then the service tax on the adds should be paid to the Italian government

A contemporary, but yet outmoded thought, in my opinion. The internet really shows exactly how old
fashioned this line of thinking is.

What is italy ? The idea that a patch of land and history forms a magical entity which give a small group
of people the right to tax and control the people living therein seems entirely arbitrary to me.
People both within, and without italy, can access servers both within and without of italy's current ground boundaries.
The goods and services and even idle chatter moving over the internet can be in any language, sold in any currency
or other unit of account, or even be given away for free.

Why should the italian government have any special purview over what is bought and sold over the internet ?
Who's to say whether a specific ad targets italians or not, the language ? What if the ad is in english, would it still
be considered to target italians? What is the advertized product is not sold in Euro's, would it still be taxable and
subject to these regulations ?

How about a product, made in china, sold to an italian speaking community living in london, hosted by a server
which physically resides in sweden, and has a .info domain name; how many of these variables
  have to change to make it subject to these new rules?

Comment Re:Rule #1 (Score 1, Insightful) 894

The "NRA mentality" is all that separates us from an authoritarian totalitarian regime.

For all we rail against the NSA's overreaching surveillance, and the ridiculousness of the patent and copyright system, there
are simply so many here on slashdot who cry and beg to give up fundamental rights and freedoms enshrined in the
constitutional origins of the united states...

The level of cognitive dissonance is astounding.

Its not about your penis.

Its not about whether or not more or fewer people are killed.

Its about fundamental liberties, and the role of government in our lives.

Its about being a citizen, and not a subject.

Comment Re:dreamworld (Score 1) 305

So you trust dollars implicitly and are leery of bitcoins, thats a perfectly understandable and reasonable position.

If you feel like taking part in the trendy thing, you can still sign your store up to accept bitcoins but instantly convert into dollars, and set your prices in dollars as well, so that your payment processor takes on any currency exchange risk for you.

If it gets to the point where you are leery of dollars and can buy **** anything **** with btc, then you can always
change it up and start accepting btc directly.

Comment Re:A limited number of Bitcoins (Score 1) 305

True, and insightful, however there is one difference: due to the nature of transactions,
coins are effectively melted down and recast each time they are moved. Even with
only a tiny percentage of coins having been directly stolen or used for nefarious purposes,
they would very quickly spread a taint through the whole body of moving coins.

Comment Re:Something I've been ruminating about all day (Score 1) 305

> if the wallet file is lost or destroyed, the coins within it are effectively gone, correct?

If all copies everywhere are lost, and the wallet is a pure random one, yes.
Many types of wallets can be recovered with just a passphrase.

>If so, then at some point there's an expected loss over time
Absolutely correct.
At some point, 8 decimal places wont be enough, and the currency will need to be divided down into smaller fractions.

The interesting part, in my opinion, will be determining a fair way to prune ancient unspents, so the blockchain ETXO doesnt
grow endlessly.

Comment Slashdot naysayers (Score 1) 371

True to form, slashdot is sceptical as ever.

We had the same baseless naysaying when it spiked to $200, and the same smug "told ya so's" when it crashed back down to $100

There is something bitcoin has that diamond and tulip bulbs don't, and even if crypto isnt your bag, I' expected more insight from such and otherwise smart crowd.

Comment Re:SSL only = no benefit (Score 1) 320

>People think that adding encryption to something makes it more secure. No, it does not. Encryption is worthless without
> secure key exchange,

This is false; encrypting everything by default significantly increases the barrier to casual eavesdropping.
Letters are usually sent in sealed enveloped. Yes, someone could go to the trouble to steam them open, but
generally they dont bother. When they must bother, its expensive.

How to establish trust is a completely separate problem. Its even separable: (you could have the authentication
and tamper-resistance with no encryption at all.).

If you have been paying attention to recent events, mass-eavesdropping has been a big thing in the news lately.

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