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Bitcoin Foundation

Lorenzo Petrone

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Lorenzo Petrone last won the day on August 11 2013

Lorenzo Petrone had the most liked content!

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About Lorenzo Petrone

  • Rank
    Bitgoblin
  • Birthday 03/05/1981

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  • Gender
    Male
  • Location
    Genova, Italy
  • Interests
    I jump on turtles
  1. A Clear and Present Danger

    You don't need to apologize, you are free to write as long posts as you feel to. However consider that when you write if your goal is to be read, much less people will read you if your post is too long. Brian was just pointing out that fact, it's up to you to decide if you want or don't want to do anything about it.
  2. As most of you likely know, Lazlo was the first person to buy something with bitcoins, a 10000 BTC pizza back in May 2010. This was a very important step towards making Bitcoin "a real currency" as it is now. For some reason apparently he was unwise enough to spend all his bitcoins, when saving even a very small % of them could have made a little fortune. Every time I remember his pizza story, instead of being happy for this milestone, I'm very sad for his mistake. Now, this could just become a lesson for everyone: never sell everything, keep a little bit "just in case"... but I'd be happier if the community somehow amended this mistake of his. I think it would be super nice if the community managed to donate to him a huge amount of bitcoins: not as many as he had, that would be impossible, but if enough rich people and organizations contribute, I believe a non-trivial target could easily be met. I think something around 100-1000 BTC. While this would be an sizable sum to donate, I think there likely are dozens of individuals who managed to become egregiously rich with Bitcoin, and this would be a way to thank the first one who made it possible. Two disclaimers: 1. "many people have lost bitcoins, why not them?" well, true. But the amount of people who have lost or spent too many bitcoins for whatever reason is huge. It really reasonalbly wouldn't ever be possible to compensate them all. This one, however, is the pioneer. He deserves a bit of recognition, and "the 10000 BTC pizza" story deserves to be a happy one, rather than a sad one! 2. I've no clue who he is IRL, and I've never talked with him nor read his posts besides that thread, just in case anyone wonders.
  3. It is a well known fact that Wikimedia doesn't accept bitcoin donations, however I never realised that the explaination they give is flat-out wrong: The Wikimedia Foundation, as a donor-driven organization, has a fiduciary duty to be responsible and prudent with its money. This has been interpreted to mean that we do not accept "artificial" currencies – that is, those not backed by the full faith and credit of an issuing government. We do, however, strive to provide as many methods of donating as possible and continue to monitor Bitcoin with interest and may revisit this position should circumstances change. This is "just wrong" because if they were to accept bitcoins through a processor like bitpay, they would actually receive actual dollars, so they shouldn't have to meddle with bitcoins themselves. Has the foundation tried to address this specific issue? (i.e. NOT just a general "please accept bitcoins", but a more specific "you can use a service to allow users to pay bitcoins to receive dollars")
  4. What continent do you come from?

    Sorry if I reiterate, but could the Foundation share some official data about this? I'm pretty sure that just saying how many members are from each continent wouldn't violate anyone's privacy...
  5. Protocol-Based Fees

    The idea of reading about protocol-based fees intrigues me, especially reading a discussion here, were the noise-to-signal ratio is still low. But this is a link-only topic pointing to a 2 posts topic, consisting of an opening post plus a link-only answer. A pity. Could you elaborate?
  6. Still concerned about the scaling problem

    These are two completely different topics. Gold is there physically, so if you want it, you need to go get it one way or another. Bitcoin instead is created through an entirely human-designed protocol, "it could have been different" and "there might be more efficient alternatives". I fear you have been comparing apples to oranges :/
  7. Bitcoin as a Cure for Tyrannical Rulers

    Misreading your post, I noticed also another opposite fact: if the tyrannical rulers themlselves will start using bitcoin, they will more easily keep their money once they run away. (remember that Swiss banks froze both Yanukovych's and Ghaddafi's assets once they were deposed – no idea why dictators keep using Swiss banks, btw)
  8. While you are being nice, I'm afraid I have to suggest you to just give up with Namecoin. Namecoin's core idea is quite interesting, but its actual design is rather poor, and its clash with reality is deadly. You were able to buy so many domains so cheaply, exactly because most people think Namecoin is irrelevant, and the fact that anyone can afford to buy tons of domains, is in itself a huge warning sign. Namecoin's only praise is to have been the first of the very very few altcoins with an actual idea behind, as opposite to copy-paste useless clones. That clearly wasn't enough.
  9. Transactions already running on the limit?

    this is insane. If I forgot a golden coin in my basement and my grand-grand-nephew finds it, it is still a golden coin, it isn't "expired".
  10. You have reached your quota of positive votes for the day

    Advantages regarding what? It's not a forum, it's just a votation platform, so I'm not sure what you mean. <rant> That being said, I've used it extensively, as I've been the admin for the Italian Pirate Party, and I can safely said it's an enormous pile of crap. While I still think that the concept of liquid democracy is very good, this particupar implementation is so bad nothing can be salvaged. </rant> Something like 8-10, if I'm not mistaken.
  11. [email protected]

    This is mostly true for the pure web client, but now we have native clients on android and osx (which don't auto-update AFAIK), and on chrome (which auto-updates, but I doubt they can give a different program to different users unless google itself cooperates).
  12. [email protected]

    I'm wouldn't be so sure. If he ran away with all the money, everyone would be certain he was stealing it. Now many people instead believe his "excuse", however silly it sounds: 4000+ BTC in a hot wallet? srsly? From my point of view it is much safer to refund part of the money: he's basically buying doubts into the minds of people. Better to steal 10000 and be labeled a thief, or steal 4000 and have people think you've just been unlucky? They won't search for him as hard as they would have, and even if the authorities find him, he can just pretend it was stolen by someone else.
  13. 1 Finney

    0.001, like it or not, is already considered mBTC. However a name for 0.0001 would be more useful, since that's halfway to the satoshi (4 decimal numbers instead of 8).
  14. [email protected]

    There's a huge difference between inputs.io and blockchain.info for instance: the problem with inputs.io is that it had control of all the funds, while blockchain.info controls only the script which you use to access funds that are under your control. I.e. blockchain.info is as much risky as a desktop client.
  15. Suggested official response to the "selfish miner" paper

    Correct, I agree. Why? Try to stick to the real world and rip away any prejudice: why does mining have to do only with hashing, and not with connections? They just demonstrated that being well-connected allows you to gain more in theory. Being well-connected costs. So someone pays and have a higher profit. Fine for me! Of course, this kind of "attack" is a bit unethical, since it concentrates on wasting other miner's work, de-facto making the network slower and more unpredictable, and it is bad because of this reason alone. However there's a worse kind of attack: mine empty blocks. Currently incentives for including transaction fees are small, so someone aiming to undermine Bitcoin can mine empty blocks and sell the reward: every empty block will slow the network, with a relatively low cost for the miner.
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