Jump to content
Bitcoin Foundation


  • Content count

  • Joined

  • Last visited

  • Days Won


KRR last won the day on January 9 2014

KRR had the most liked content!

Community Reputation

14 Good

About KRR

  • Rank

Profile Information

  • Gender
    Not Telling
  1. Unable to set a thumbnail image

    On my profile . no matter what i do (gravitar, import via URL, or upload) it wont set an image for me ... I've tried PNG, less than 150kb .... 210 pixels, etc etc etc....
  2. Cause of Forum FAIL

    Why are the forums dead? Well it would help if there were a link to the forums on the Bitcoin foundation home page. If you're thinking to yourself: "There is a link, idiot" Then take this as feedback from a regular end-user that it is not obviously located, and should be. I think this forum could be revived at this point. The "popular" locations for communication have become toxic to say the least.
  3. Introducing Ethereum

    Ah! This diagram portrays it well: http://www.ursium.com/ethereum-fundraiser-infogram/
  4. Introducing Ethereum

    Its fairly complex. Best thing to do is read this thread: https://bitcointalk.org/index.php?topic=428589.0 A terribly paraphrased summary is: You can invest in the "IPO" phase (beginning in February for 2 months) by purchasing Ether (coins) at 1,000 coins per 1 BTC. I assume there will be an interface to do so on the site at that time.
  5. Dan - Even if Namecoin ends up a complete failure, being a website owner of a particular domain name for the last 13 years .... means it would be rather stupid for me to *not* secure my own domain name on (dot) bit ... I tried and failed tonight to do so, because it was too confusing for me. Would you be able to acquire it for me, and transfer ownership to me maybe? I hate to ask a favor of a stranger. Maybe PM is best. Kevin
  6. Hi all - I cant stress enough the importance of listening to the following two discussions. I truly don't know of a better source of information and perspective on the current status of Bitcoin around the world, than getting it from the people who are out in the field, seeing it happen. Please take the next couple free hours you have, and dedicate them to listening to these in full. Highly recommend grabbing an app like PodCruncher and subscribing to this Podcast ongoing. They have new episodes twice a week. I feel that everyone in this community should hear these. Interesting, motivating, and inspiring are understatements. Powerful Perspectives - please skip ahead to 34:00 http://letstalkbitco...s/#.Us40jLRVUpA Reset your Expectations - please skip ahead to 8:00 http://letstalkbitco...s/#.Us4zDLRVUpB Kevin Rands
  7. Bitcoin sub units needed!

    I just wanted to share a post I found from Satoshi Nakamoto himself on this topic. Or at least, i think it is related to this topic? Someone can correct me if I'm wrong. Here was his suggestion: "Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge. But don't worry, there are another 6 decimal places that aren't shown, for a total of 8 decimal places internally. It shows 1.00 but internally it's 1.00000000. If there's massive deflation in the future, the software could show more decimal places. If it gets tiresome working with small numbers, we could change where the display shows the decimal point. Same amount of money, just different convention for where the ","'s and "."'s go. e.g. moving the decimal place 3 places would mean if you had 1.00000 before, now it shows it as 1,000.00." https://bitcointalk....4.msg267#msg267 Kevin
  8. How likely is that banks create their own coin

    Lets hope this proves to be true. There are a lot of people out there (vast majority?) right now who trust their money to a bank, and would not get caught dead trusting their money to a hackable electronic system that has million dollar "robberies" on a monthly basis, people losing their wallets, me running into Bitcoin QT file corruption errors, etc. Yes, the Bitcoin system spawned from a mostly Libertarian anti-establishment group, but to say that viewpoint is common would probably be wrong. Your first post in this thread scared me. It made me say to myself: "It sounds like the Bitcoin Protocol better get its ass in gear" if it doesn't want to very quickly, and very easily get squashed by a new version, created by the govt, which addresses all of BTC's weaknesses, and improves upon it 10-fold. Seriously. Someone commented in the Bitcointalk.org forums the other day (paraphrase): "Shouldn't Bitcoin have a development team of the best minds in the world, working round the clock to mature and evolve this technology, to address the faults .... rather than just one guy?" Right now Bitcoin is ahead of the curve, but with 50+ alt coins, its obvious it would be simple for the Govt to clone it and improve upon it, rendering the technology "nothing special" whatsoever. What's stopping that? What are we doing? We can't just rely on its decentralized nature, can we? Not everyone gives a crap about that. Most people don't. They prefer security to rebellion. Especially when it comes to their life savings. With all the money flowing through the technology right now, there really should be a massive team (think: Facebook corp offices) focused on growing Bitcoin. Ill maybe overstep my bounds here, possibly offend some people, and bluntly say: There is no excuse for Bitcoin to have *any* weaknesses anymore. Enough time has passed for these things to be addressed. Why haven't they been?
  9. BTC Price, Sustainability, and mBTC

    Bitcoinity seems to be the first exchange to make the switch: http://bitcoinity.org/markets Relevant comments: https://bitcointalk.org/index.php?topic=346310.80 I hope someone contacts Gox. I have Olaf's ear at Coinbase so I will address it with him tonight.
  10. How do we stop the theft going on?

    I am too lazy to read all the posts here, so I apologize if this was already mentioned. The replacement for Silk Road just turned out to be a total scam. They closed down and took everyone's money with them. Another 40 million dollars. They stated that they got "robbed", but several people were noticing offers to buy large volumes of drugs for very cheap if people would agree to expedite payment in the days prior to closing down. Not sure what solution would work for things like this, but I'm thankful it wasn't seized by the feds. Its disheartening that the US Govt has such a huge stash of BTC. Or maybe it was the feds running it the whole time.
  11. Charles - How would Ripple address the Bitcoin question though? I'm sure other new technologies will address Bitcoin's weaknesses, but how would they help Bitcoin itself? Further to my original post: How can we have a one world unit of currency when its value is astronomically different from country to country? Maybe it isn't a problem to have BTC at $500 in the United States and at (the equivalent of) $1,100 in China at the exact same time....?
  12. Question for the Experts out there: Privately owned Bitcoin exchanges are the norm right now. Does their existence contradict the philosophy of Bitcoin's decentralized "owned-by-nobody/owned-by-everybody" nature? I have always wondered why, as part of the original Bitcoin protocol, there was no "bitcoin pool" or "bitcoin ocean" where all coins are dumped-into as they are sold, and pulled-from as they are purchased. An exchange that isn't owned by a company but is an element of Bitcoin itself. Maybe its simply not possible? On BTC China today, Bitcoin hit nearly $1,200 USD. On Mt. Gox, its hovering around $700. The difference is astronomical. How is this going to play out in 2 years, when India exchanges are $10,000 and China is at $4,000 and the USA is at $300 (lol) .... ? On the last episode of Let's Talk Bitcoin, Andreas Antanopoulos and Adam B. Levine were discussing something about a blockchain-controlled exchange. Rather than privately owned exchanges. The conversation is absolutely fascinating. Maybe Gavin knows more about this, but is something like this in the works? They refer to "overlays" and focus moreso the legal problems with exchanges. I'm also curious about the price discrepancy angle, and the philosophy-of-Bitcoin angle. I suppose rather than try to explain it myself, I'll let you listen to it directly: http://letstalkbitcoin.com/episodes Top right: Bitcoin's Center of Gravity. Press Play. On the audio graphic below the play button: Click yourself forward to 18:45 and have a listen. If a central blockchain exchange were to be implemented, with a single BTC price, how would that even come about? You'd have to put several major businesses out of business and transition everything over. I suppose there is something about the Bitcoin philosophy/protocol that I don't quite grasp yet, but that's why I'm asking Kevin
  13. I thought this deserved its own thread. I would like to congratulate all who participated. Outstanding job!!!! Needless to say the price of Bticoin shot from $609 as the hearings started, to $735 when they finished, reflecting the world's extreme boost in confidence in this world changing technology. Thank you for putting yourself out there, and for representing this community so well.
  14. Thanks Mike. PS: Its a good day to own bitcoin .... BTC China just surpassed $800 USD
  15. Thanks everyone. I hope I didn't overstep my bounds. I do know a decent amount about Bitcoin, but I also qualify as a "Lay" person, so I have still been unclear on some of the details. I appreciate all the responses. I truly think its going to be a "hot topic" with the media. Its not fully apparent to the general public that the title of this thread isn't fully accurate. They will think it is. Glad there are responses that can be given.