Saturday, June 28, 2014

Now you can install Blockchain.info on iOS without jailbreak with thiseasy hack

This manual uses a method WITHOUT JAILBREAKING your device. Only using your data-cable is required to upload software. Instructions Follow the steps depicted in the image I've attached above, then in Tongbu you should press button called "TUI", it will load unofficial hacked Chinese version of App Store. This shouldn't modify or customize your phone settings, but will allow you using apps deleted from App Store. - Then after you installed...

Saturday, June 21, 2014

Fresh Facts & Numbers :: Bitcoin is vulnerable for targeted double-spending attacks from large ISPs

Audio version of this article can be found here https://soundcloud.com/earl-fox-1/fresh-facts-numbers-bitcoin-is 83 Generating your own mini-version of blockchain to "fake" blockchain for selected group of users. lenaaa_444 When it comes to fraud, everybody start thinking about hackers, fraudsters, 51% mining pools or unfair exchanges like Mt.Gox. But since I'm working in a telecommunications field I was always bothered with a question -...

Bitcoin making us one step closer to Artificial Intelligence.

In a sense that it is autonomous and decides the fates of the millions (billions in a nearest future and trillions a 1000 years from now). Do you remember such topics that with proper A.I. technologies development we will have such smart self-driving cars, which would deliver us home? Bitcoin delivers you with not less significant A.I. solution with self-sustainable money. You may heard of strong A.I. and weak A.I. too. Strong A.I. is an A.I....

Chargebacks

Bitcoin can't compete with credit cards until there is some kind of chargeback/fraud protection mechanism. http://www.reddit.com/user/cebrek Credit cards can't compete with Bitcoin until all of the transactions won't become irreversible.Chargeback mechanism is a very complicated machine, not fair, irrational, stupid and old-century. Think about this: chargebacks are made for stupid people who's leaving their credit card details everywhere...

Friday, June 20, 2014

Destruction of Internet Lines in Worst-Case Scenario & Bitcoin

I know almost everything about the technical side of Bitcoin protocol & economical side of it, but probably still don't understand it enough to give exact answer on the economical/technical effects if the default fork in case of the Internet segmentation would be inevitable. Imagine for example that something terrible happened to our ocean fiber optic lines all at once (maybe some vulcanos opened everywhere, or some weird nature events,...

Wednesday, June 18, 2014

Fresh Facts & Numbers :: Exact prediction of Blockchain size depending on the transaction volume.

It's true that Bitcoin will become more centralized over time. The capital costs of mining will grow. But not necessarily because of this issue. 100 terabytes today costs around $6000, and the price of that will fall over five years. Mining is not a huge a concern, though, because miners don't have to hold the entire blockchain. Other parts of the network will become more centralized. ~Benjamin Dees, http://www.reddit.com/user/benjamindees in...

Tuesday, June 17, 2014

Still don't understand how we gonna handle Bitcoin if its size will be over 100TB

I believe we can achieve such size within 5 years, and I'm not pretty sure that Moore's law actually will work in the case if transaction volume will exponentially grow. I've made some calculations in the charts of my blog for two cryptocurrencies (Bitcoin & Litecoin): http://www.earlfox.com/2014/06/does-blockchain-size-depends-from-how.html And my calculations shows that each transaction approximately takes up to 1MB depending from the multiple...

Total Number of transactions for Litecoin (chart)

Since Litecoin haven't reached yet its essential point of popularity, at the current day (June 17, 2014) its really hard to find out even how much transactions has been made since the Litecoin creation. So here's some numbers: 2,179,203: total number of transactions between genesis and last checkpoint (was at the block 456000 There is a convenient chart for the total Bitcoin transaction volume available at http://blockchain.info/charts/n-transactions-total but...

Conversation with Bitcoin girl ;)

...

Does the blockchain size depends from how often blocks confirmed?

Seems like Litecoin is 4 times faster accepting blocks, but isn't this means that Litecoin's blockchain grows 4 times faster? I've analyzed the quantities of transactions for 2 cryptocurrencies: 1) Bitcoin http://blockchain.info/charts/n-transactions-total 2) Litecoin http://www.earlfox.com/2014/06/total-number-of-transactions-for.html So let's compare: Tips&Hints If you have enemies, controlling their geolocation and other useful meta-information is easy - just find some reason to ask them to send you an email (asking is easier...

Monday, June 16, 2014

Just realized, that Winklevosses can create their own decentralizedversion of Facebook based on purchased Facebook which they've lost toZuckerberg at first

If everyone will follow that pattern, then everybody who raised capital on decentralized payments network, will automatically be those richest guys who will create new decentralized era. And I believe those who got rich out of Bitcoin will pay back to decentralized software by creating giant applications of the same significance as Bitcoin its...

Sunday, June 15, 2014

Bitcoin Reddit Idea #0: Bitcoin Accepting Agent

Imagine some marketplace, where most sellers aren't accepting any credit cards. Everywhere around the world, especially in poorest countries, there's still so many places, where your debit or credit card won't get accepted, just because there's no such device. Why owners missing such great opportunity? Why in 21st century every business owner can't afford simple POS terminal which expands customer base and flexibility and convenient service?...

Saturday, June 14, 2014

The most reliable automatic way of forgetting your Bitcoin private keys for 7 years

The problem with ntimelock is that you have to keep your raw data for the transaction, and also you must destroy your private key from which you've sent the transaction. You theoretically still have opportunity to double-spend your ntimelocked funds if you haven't destroyed your private key from the wallet from which you've sent ntimelocked funds, because inputs are still belonging to that wallet. Transaction will occur only on the event when...

I'm glad to feel that I know the truth

Truth is that Bitcoin is the only currency that's gonna survive. Everytime I see how people respond on the comments, I understand how far away they are from getting it. They don't get it obviously, because it hard to grasp. They afraid this currency, they wouldn't trust it, because in their minds they allow scenario of Bitcoins becoming worth next to nothing. But you know what? Bitcoins are so dirty, so stocked, attached and came to live on...

Thursday, June 12, 2014

Vladimir Putin and Russian National Cards Processor

To create something like that, there should be a market demand. You can't just say to people - we should use this, because the other companies are forbidden. The Visa and Mastercard currently controls 90% of Russian payments - that means that 90% users prefer using these cards - and switching somwhere else could be way hard. As a deadline our Russian government they've chosen to ask Visa/MasterCard to pay $2 billion dollars as a combenzation...

Wednesday, June 11, 2014

Fiat money backed by Bitcoin

Or fiat money hacked by Bitcoin.  You know what - every person already puts too much of his trust into pieces of paper. Imagine - many people even ready to put on card their 30 to 60 days of their hard working labor in poor counties. Before you get paid here, most of us rely just on a chance of being or not being scammed by employer. Also even when you're doing some purchases from $1,000 to $5,000 you are trusting a paper again....

Tuesday, June 10, 2014

Is it possible to create other cryptocurrency without accepting any mining pools into its ecosystem?

Or why pools even exist in such centralized way? 1st reason - it's because it is not possible to benefit from mining if you are doing it alone.If there someone would created such cryptocurrency which divides rewards in micropayments to each miner, then that would be way more honest system.How to make it possible to accomplish it technically?Decentralized pool as part of solution.What if we are introduced the pool for Bitcoin which affords us to automatically...

Monday, June 9, 2014

By learning new things about Bitcoin, don't get too consumed by them because it can harm your financial independence

Stop behaving like a child. That's a trap created by your own brain.On the one hand you understand that participating in Bitcoin economy is important. But while fiat is mainstream yet, the Bitcoin economy doesn't really exists! You have to create it from scratch. But it's the longest path. Without right tools, right HR you can't contribute anything significant to the cryptocurrency NOW, because before Bitcoin will stand up and will walk on its own...

Reason why eBay and Bitcoin means a lot today

Historically the eBay is the biggest trading platform for the last decade. eBay has major customer base and recognition throughout the world.Even without Bitcoin many online retailers and other Internet giants had hundreds of thousands attempts throughout the world to repeat the success of eBay on a global or at least local scale. But it is not so easy, partially it's due to already existing competition in the face of current eBay which provides...

Hurry Up To Buy Bitcoin Now At The Price of $633 per 1 BTC (you should hurry up to do it in summer, because there won't be other chance)

After a huge companies like eBay will adopt Bitcoin for their services prices will get skyrocketed to the levels of tens of thousands dollars(!). In tha next few months that's what gonna happen to Bitcoin. You better hurryups with your financial assets. Because Bitcoin train is about to go on a higher speeds, and you're about to loose it - it will grow exponentially and there's no way to stop ...

What Bitcoin concensus is

Bitcoin Foundation Users Bitcoin Exchanges Online Wallets Blockchain.info More members to join during the evolution happening to Bitcoin Core Bitcoin protocol will stabilize and freeze for 10 to 50 years, in the 2014 to 2016 terms will be defined. This is the history of COMPUTER SCIEN...

basic bitcoin security

Multisig makes possible to reverse transaction. Arbitration provider could be inclded in multisig. You choose arbitration provider. You can introduce aribtration privder. Real Estate expert could be AP in multisig with property. Experience in different kinds of transactions is important. You open up entire market. You can have multiple arbitration providers. Idea is that you have a wallet - spending of which is it need to be signed by two users....

Sunday, June 8, 2014

How Bitcoin could affect immigration? (update from July 29, 2014)

In the world of cryptoanarchy, I've heard such a belief that Bitcoin could even wipe the immigration borders in the nearest future. So, that why I thought it would be good idea to consider the facts in this aritcle about properties of the Bitcoin when it comes to immigration, border terms and living in a financial world which doesn't rely on authorities. First off, I want to put here a disclaimer that I'm not a supporter of illegal immigration,...

Ron Paul on Gold, Bitcoin, Immigration and the GOP

http://www.youtube.com/watch?v=9bAcctnZ9c0 Not even Ron Paul understands the potential of Bitcoin. You could perfectly have a minted bitcoin out of anything like plastic, with it's qr code on it. you can print your wallet on a sheet of paper. all you need is someone with an electronic device to read it. buying gold today would be very hard and inefficient without telephones or the internet, so the value of gold would also drop, without any kind...