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 award all miners their incomes? At the end of the day are the commissions spent on transactions by currency users are also divided on every pool member?

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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 feets, you'll have to sacrifice and burn the fiat money.

That's the ritual. Follow it and mind your own business.

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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 better service globally the way that even most of the local trading platforms can't accomplish for their local markets.

eBay is getting popular, because it is global marketplace - which means not only global accessibility to the end users, but also wider range of used products available from peers (sellers) who participate in this global economy by providing abundance of products and high rate of competition within platform (among internal users; i.e. Internal competition)

Due to so many failures of local/global market places to repeat ebay's customer variety and satisfaction success - fair question arises:

- at this point can any platform be created with the same service and convenience eBay has, but with Bitcoins as a main currency?

Aside from phrases like "everything's possible in our digital age", let's get to numbers first:

- Such an attempt has been done already. You can read about it, it existed in the end of 2013 for almost few years - the name of the platform is BitMit - thousand of users chosen this platform, but one day management team of the website had chosen to close the project due too huge quantity of overwhelming technical problems. To me it's just seems like it was just plain lack of investment, which even shouldn't be a problem for a such startup.

Right now on June 2014 it's already all around the news the fact that eBay CEO is all the way heading towards starting to accept Bitcoin.

The PayPal giant just walks on the heads of potential startups, by not reveling the plans about Bitcoin, and once upon a day a month before it's date we will just hear that Bitcoin is added to the list of accepted methods of payment in PayPal.

Meanwhile all I can tell to Bitcoin community is the only thing, even though eBay doesn't seem like such a evil to all of us:

- You are losers, because you've lost all of your chances and wars. First time you've lost it when you believed and crypto currency too late, the second time you're getting even more useless when at 2012, you haven't cooperated your efforts to create web development team which could successfully handle such a big concept as crypto-eBay alternative.

You're losing this battle, not because the fact that eBay is starts to accept cryptocurrency is bad for Bitcoin (maybe it's not so bad), you are losing it, because you're such a useless, because you even can't create simple trading platform with Bitcoin payments at the core.

You're useless as community, just because you haven't even tried. Yes attempts like BitMit was awesome and I would use it, but that's another thing you've lost - the BitMit platform - which was closed mostly because of some childish management related issues easily fixable by two or three kick starter or other fundraiser campaigns.

You are as a community useless, because you choose to be greedy, because there's just too much of you who's here to watch. And watching is all you can do properly. 

Yeah! You can shout out loud about ongoing problems, you can like important topics, and make bold statements on hot Bitcoin subreddit topics. 

But you're a vegetables and you know it.

And you are, just because you haven't created any significant project yet which at least replicates existing monetary services online. You will say - well even if the service will exist, how do we gonna be able to compete with eBay later when it will start accepting Bitcoins?

 First off - as a business with all users you can coexist and don't really have to compete in the same areas by adjusting market niches. 

 Second off - who said that you have to supersede eBay in sales immediately? You've been given 2 years! 2 freaking years!!! What did you did all those time?

Right you were here reading blogs, kept searching new videos on YouTube upon "Bitcoin" search query. But deep inside you know, that YouTube doesn't cares about how much youtube views you've generated for Bitcoin video related creators. 

And most often those creators of content about Bitcoin don't even care about Bitcoin, instead they are hoping to get some views from the stupid people who's keep searching "Bitcoin" on YouTube over and over again. Stop doing that. Because Bitcoin don't resides in YouTube. You can't take over YouTube with Bitcoin or reddit - all you do, is creating fake popularity of unpopular things.

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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 it.

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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 SCIENCE

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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. We're introducing arbitration opportunities - like telephone confirmation / sms confirmation used with multisig. Flxblty. MultiSig is huge. First it was introduced on November 2012, Nov 2013 is when its started mined. EwrySVC. If you start large-style non-determenisitic addresses. OpenAddress per tranZaxiWonMipOwikec. Hierarchical deterministic wallets vs MultiSig. Boardwakel. 32bitsfx FollowXM. Hierdet you can get lost in. MakFiS TReZSore StrukkTire BranchedWixTree
Cross-reference. eBay may introduce MultiSig in order to confirm tranzactiNoNe. Afx-MXz ZiXe. ZiXeMp. p0x8m If you hefx a prawblem arbitrage escrow and marketplace that's a hudnred milion dollar industries.

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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, and that I'm not encouraging anybody to follow my advises or use this article as a steps for real immigration.

1. New Era of Digital Governments

Since I talk about cryptoanarchy, it worth mentioning that even though Bitcoin could be a great provider as solutions for so-called citizens of the world to live independently, on the other hand government also doesn't sleeps.

Digitizing passports/IDs will bring us to its first revolution - digitizing authentication methods of citizens. That will mean, that no more IDs or other paper documents will be required to authenticate a user.

The key here is providing trustworthy system for police officers

Who need to authenticate a person. Just think about this - everyone can remember 4 digits belonging to themselves. And also everybody has a name - government can easily upload all the photos into the regulatory database consisting all the passport data. So next time in order to see the person's data, it doesn't even required to have any paper documents - all you need is an access to the government portal and knowing your 4 digits assigned next to your name. So next time you'll face police officer during the regular street check, or driver license check, as a good citizen you must provide the officer your 4 digits and a full name, then officer who must have a portable Internet access gonna be checking your identity through public online portal which even gonna show your photo. Even iPhone will have such app, not only for police officers, but for any services where it usually takes to unveil your identity.

In my previous article about Bitcoin and its effects on taxation

I've already considered the fact that even though if Bitcoin will become a mainstream money by all means, government won't lose people as its taxpayers, at least for next decade I don't believe that there will be very radical changes to the government forms - just the current regulators will change their model from "making money out of thin air" into the model "letting people pay for thin air" - since in digital era government won't have anymore the ability to efficiently track financial transactions of businesses, it will bring its influence stronger in a new profit-independent taxation forms - the leader measure of taxes in next few decades will be a property-based, land-based and per-person based taxation.

Also government is going to invade digital forms of contracts when it comes to property.

Everything you dreamed of - rental, selling/purchasing and other stuff will be available to you as a service from government - this will have as benefits, as a downsides: The rental/buying practices of such viable thing as real estate will become way safer, on the other hand the safety government provides will turn into a financial burden for everybody - very few property contracts will be able to be sold by traditional "fiat money" or without forming electrical ticket for initiating a contract to sell property. So no more papers - only online sales of property and mandatory taxes is our future - without online access to government portal and sales assistance we won't be able to claim our right to property anymore. (Of course for those who live in 2015-2020 yet there is a one last chance for a crypto-anarchy community - is switching accents to the property records decentralization means, but I foresee that crypto-anarchy community will fail in such attempt, because it takes collective guts and brains to implement such anarchic feature and build trust over the autonomous IT system and infrastructure)

For those crypto-anarchysts/liberalists who are believe into bright future of border-less world driven by crypto-currency, there is a very important moments:

1) It will be very unlikely in future, that you will be able to live illegally on any territory of the world, because everything will be electronically counted, divided, and police and the whole system will easier find out about those who doesn't have an immigration documents

2) Separative movement of those people who live by communities in the places upon which government can't have control will still exist as opposed to the system. That's gonna be people who's successfully live by their own on territories independent from government, whose properties are uncontrolled by the governments.

Read more about:
* How KeyHotee can revolutionize the whole Internet authorization system
* New era of Decentralization! Bitcoin is here to decentralize everything for creating the world free of censorship

(C) DimyFunklett, TrueBouncer.com

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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 of electronic device.
But it's very unlikely for us to really lose our ability to maintain electricity or som kind of digital communications.
So, the only point Ron Paul  is making, is that it is to difficult for people to understand, how it works out for them personally. this is just a matter of time, and this could make gold really somewhat obsolete.
remember, this view about btc applies only as long as nobody can hack the crypto source or shutdown the internet entirely
I think he understands that if you don't have a computer you can't generate, or purchase. Love the idea of it all, but I don't trust it. Congress or the feds dont want to go after it...fishy.  Does anyone know the true creator of it? One would think most free thinkers would question bitcoin.
What are you some sort of left wing statist conspiracy denier loon? What do you think QE 1,2,3 to infinity is? You clearly have no clue what Ron Paul represents. You should actually listen to the man instead of parroting some BS like 'conspiracy theorist' when clearly you have no clue what even that term means. Go ahead and get back to bowing to barry oBOMB'a soetoro's "dope & strange" poster hanging in your mom's basement...clown.
I am disappointed he didn't talk more about the shortages in the physical markets earlier on in the video when they were pressing him. This drop is ONLY in the paper markets. Delays and premiums have made the physical price pretty stable over this drop. Premiums have gone from 5% to 25%
Because he's a conspiracy theorist supported by right-wing extremists who doesn't seem to understand basic economics. "Look at the long term purchasing power of the dollar, it's been devastating." Sure in nominal term, but not in real terms : in 1918 a gallon of gas was 3.84 2012$ and in 2012, it was 3.55$ 2012$. Between those 2 years, price has moved up and down like any other commodity, gold included. If you want real inflation, you would need to print money like Germany did in the 20s-30s.

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I do care

About the whole blog idea. My web-site is kinda becoming my business card, so it must be pretty for people who's coming to see it. Previously the blogging was just the way to organize my thoughts about the interests in one place, e.g. thoughts to be brought to the page could be first aggregated in several posts in a very convenient form, as a simple ideas, then based on this information I can faster form greater posts. My biggest problem is sorting the information and providing the it in the right form. It harder than it seems. Plus I've got hard times recognizing the ways I can work or can't with printed material.

I've decided to add more girls and kids images to blog with the topic of bitcoin. That helps to attract my main audience first based on traffic source: facebook, the Arab people who's searching for girls here.
As I understand most of them searching the info about immigration that's why that's gonna become a focus of my blog topics. I think its fine to mix technology with the immigration law, plus immigration is definitely my area of expertise, it means that I somehow could be even useful with information provided on the site.

I understand that more informative top page may be way better than the feed of the articles. But since I don't have such opportunity for now - I will keep on trying providing the best articles I ever can. At the end of the day the interesting content is about interesting articles after a great introductory main page which is totally different level of web-site construction.

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Bitcoin supporter's blogs

• http://www.pacoahlgren.com/blog/

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nTimeLock may disappoint you

I always had some issues with saving money. My mind is usually setup to use every accessible resource to fix the current situation and it makes me to spend all saved money for future.

In case with Bitcoin I read the posts from January 2010 on bitcoin forums, and see how people was ready to send 500 bitcoins ($1) to test Bitcoin, and reading the Bitcoin past is what inspires me to save Bitcoins now.

Bitcoin is such a system, which is deflationary. For hundreds of years people never had a deflationary currency (except for Gold, which grows with economy unsatisfactory slowly), and they forgot what "Money Work For You" or "The World's Money Work For You" or "Money Attaches More Money" is really look like.

But there is such a function which could potentially solve my problem. I know that with little effort I can create a transaction with nLockTime set up for 10 years as example. In the perfect world - this would mean me successfully accessing my funds 10 years from depositing.

Easy, calm down. There is a problem with nLockTime. All transactions is stored in blockchain, and Bitcoin isn't designed to store your nLockedByTime transactions in the blockchain with all transactions, because it would mean that miners must scan the whole blockchain to redeem chronologically locked transactions.

By design nLockTime grants ability to user to keep the data about transaction (you can store transaction as a raw data). Another thing about nLockTime is that once transaction created, it doesn't means that you can't access your sent funds anymore. Your outputs recorded in a public blockchain are still belonging to you. That means that you can overspend them with the other transaction.

So here's what it takes to limit yourself from spending your own funds for 10 years:
1) Create wallet A, deposit there 1 BTC
2) Create wallet B
3) Send funds from wallet A to wallet B locked by nTimeLock
4) Backup keys from wallet B, backup raw transaction data
5) Destroy wallet A keys

This is seems like easy steps to start saving. But I wouldn't recommend anybody to follow them. Why?
Because there's no warranties that its secure for long-term perspective.

Yes, Bitcoin protocol is reliable

Mentioned above 5 steps would be perfect if Bitcoin protocol stays permanent. But I afraid that during such a long times like a 10 years, some significant changes in Bitcoin protocol could occur. For such a long period of time a lots of things can change in the ways that protocol are functioning.

Significant changes may occur on the accepting the format of raw-data of the transactions, also changes may occur on acceptance of the locked by time transactions or any other kinds of data acceptances.

And even though Bitcoin is in my heart. I think the best solution for keeping your funds untouchable during long-term periods like 10 years is using cryptographic Time Capsules, if you're technologically savvy enough, if not - hire a freelancer.

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I love Bitcoin, because it is Economy Automation Software

Bitcoin is Automated Payment Network, which value is coming from itself, from the automation mechanism which works 24/7 and maintains every payment in the network precisely and without errors.

In my own words the word mining isn't good enough to describe. Mining is sustaining the network, mining is making work necessary to process payments. So miners are payment processors. To become a miner you don't have to know protocol, because this is Economy Automation Software, and once you installed payment processing software (mining software), you are becoming payment processing center, and the software itself handle the payments.

I've always loved the idea of Artificial Intelligence. Bitcoin is the closest software to the artificial intelligence I know up to date. Bitcoin can't think for us, but at least it can think for us, how to handle our money which is one of the most important assets for humans.

Why Bitcoin is similar to Artificial Intelligence? Because it removes the human factor. When people talk about energy usage & Bitcoin, they often don't mention how much intellectual energy consumed to produce and maintain fiat money.

Ask those employees, how much hard work it takes to produce fiat money, to make it secure, then what it takes to start massive production, to design those machines that will massively produce money.

And on each step of fiat money production there's a robbery. Once people get another legitimate batch of fiat money in their hands, handed by a budget in most countries are handled by public civil servants in the world. Many of those people are corrupt, and for some of them robbing people in an agressive special ways is a family business. Some of their businesses exists since 1825.

My name is Earl Fox. From the beginning of 2014 in my blog I'm talking only about cryptocurrencies and I obsessed with them. Visit my blog to find my other thoughts at earlfox.com

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Bicycles are permanent

Really.

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