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About zog

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  1. This years Rainbow Serpent Festival has a good lineup, I especially like the acts playing on the Market Stage https://www.rainbowserpent.net/the-market-stage The Chill zone stage lineup also ain't bad: https://www.rainbowserpent.net/chill-stage tickets are sold out though
  2. ..the Mr Bean on the roller coaster seems to be a recurring meme on bitcoin forums....
  3. Sam Dastyari

    Yeah, I'm guessing Andrew Robb would be amused at how badly Sam messed up an excercise that needed a bit more finesse to pull off smoothly... http://www.theage.com.au/national/investigations/liberal-andrew-robb-took-880k-china-job-as-soon-as-he-left-parliament-20170602-gwje3e.html
  4. Well spotted, the creator of bitcoin likened it to a commodity or collectible: Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity. http://satoshi.nakamotoinstitute.org/posts/bitcointalk/427/ Intro paragraph of the Bitcoin white paper just below.. but I agree, if you don't understand it, don't use it. Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non-reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes. But I think the current "investment" (cough cough, chuckle) mania in bitcoin has become a bit removed from the original payment system method.. and most people have to deal (initially) with a bitcoin exchange who do all the annoying "third party" stuff the bitcoin founder wanted to avoid. In fact while hunting around for the half remembered "collectible" quote I found a site that archives the bitcoin founders posts, emails and papers, still probably the definitive source of the original hows and whys, and the non technical stuff quite clearly written: http://satoshi.nakamotoinstitute.org/
  5. Yes, btcmarkets is a local exchange (Melbourne) so you are seeing the trades done there, at what is probably the Aussie going rate. I'm just pointing out that it was online and working with trades happening after midnight. They do provide an API to get the info if you have an account. I have seen software that uses the API from this site: https://www.cryptocompare.com/ i.e. https://www.cryptocompare.com/api/ which aggregates a bunch of other exchanges via their APIs.. plus there would be the DIY approach of scripting the price from every exchange that lets you as well.
  6. I haven't gone through the whole 38 min vid but I think I get the gist!
  7. https://www.btcmarkets.net/ have their last trades there.. a few minutes ago as of just after midnight...
  8. Yes, electrum-ltc seems a close port of the bitcoin electrum client, it's an OK bit of software I think. I know there is a lot of controversy about the segwit stuff but I haven't deep dived into the technical merits. Is there a link avail that summarises why you think it is cancer? I should have re-iterated.. I don't think it's an investment and never have (as I said in 2014 post in this thread). People are making and losing money speculating though. Litecoin is more useful for the actual currency/payment aspect, the transactions confirm faster, and there isn't as much fuss going on, while the software is similar. It has been an amusing hobby to play with though..
  9. It was JPMorgan : https://bitsonline.com/irony-jpmorgan-fined-laundering/
  10. Serious bitcoin enthusiast sites price stuff in bitcoin but everywhere else that takes bitcoin pegs it to the local currency at some derived rate.. the the volatility of the BTC exchange rate makes it not such a great currency. https://hodlmoon.com/product/bitcoin-sweater/ Here's a super fashionable bitcoin jumper that can be purchased in BTC - but they pin the price to USD, with the BTC and LTC price quoted from the current rate... .. in fact forget the currency stuff, let's get into it for the amazing fashion :-)
  11. This was quite interesting considering tulip bubble seems about the 3rd thing to be mentioned in any conversation about bitcoin etc: https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ .. I quite like bitcoin's "mini me", litecoin as it has been quite stable and does the same things bitcoin does without as much fuss and in some ways better, with the same level of "maturity" (like having usable lightweight clients like electrum, etc).
  12. Do you have any links to info on the laundering aspect?
  13. UPDATE: THE REMAINDER OF THIS TOUR HAS BEEN RESCHEDULED TO FEB 2018 DUE TO ILLNESS I've still got my ticket, see you at the Croxton Hotel for the Melbourne leg on Feb 16th 2018!!!
  14. for a smaller local gig: Rat Kangaroo + Lone Deranger | Red Betty | Saturday, 28. October 2017 Post-punk Groovers Rat Kangaroo live at Red Betty with DJ Lone Deranger selecting post-punk tunes, lively. Bringing the past to the future present. free entry http://www.redbetty.com.au/#gig-guide Red Betty Bar, Brunswick.