Bitcoins - digital currency - Page 540 - Business, Finances and Investing Forum

So how do you know each vote on the ledger is actually legit?

The point is, right now, you cannot prove who you voted for. No one could force you, at a later date, and reveal who you voted for. For example, your employer could fire you if you didn't prove you voted against a labor union favored candidate.

Without the ability to validate your own vote, or others, how do you prove that the votes on the chain are legitimate?

I obviously don't have the know how to solve this problem but I just feel like it's not an insurmountable problem given the rapid development of cryptographic technologies that has occurred recently.

What do you think of this?
http://www.reddit.com/r/crypto/comme...voting/c42lo83

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03-10-2014 , 05:28 PM

#13478

ianlippert

Pooh-Bah

Join Date: Apr 2005 Posts: 4,960

Here another more academic look at using cryptography to deal with the coercer problem of electronic voting

Addresses TC criticism of how to get a system that verifies the vote to the voter but allows to vote to retain anonymity to a third party coercer. The first 20 minutes is pretty boring historical info on voting but start at 21:00 to see the cryptographic solutions.

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03-10-2014 , 06:55 PM

#13479

invictus-1

old hand

Join Date: Jul 2009 Posts: 1,896

Quote:

Originally Posted by TomCollins

It's not just being forced to vote, but having a way to identify a vote, even after the fact, is very problematic.

i don't disagree with your concerns with using the blockchain as a voting system. i was just asking why you think that being forced to vote at gunpoint is a good argument against voter validation.

Quote:

Originally Posted by TomCollins

If you cannot understand that, it probably explains why you think a fat French kid wasn't super incompetent writing a PHP-based exchange.

you sound bitter. there's no need to make up lies about what i believe just because you couldn't understand what my point with regards to karpeles was. it's only a few pages back, you should probably read it again.

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03-10-2014 , 07:11 PM

#13480

Happy_Fish

Carpal \'Tunnel

Join Date: Mar 2012 Posts: 7,497

Quote:

Originally Posted by invictus-1

i don't disagree with your concerns with using the blockchain as a voting system. i was just asking why you think that being forced to vote at gunpoint is a good argument against voter validation

Agreed. We vote by mail here in Washington and I can't imagine this is a problem. (Willingly selling/bartering votes is probably more of an issue, but I haven't even heard of that)

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03-10-2014 , 08:56 PM

#13481

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by Happy_Fish

Agreed. We vote by mail here in Washington and I can't imagine this is a problem. (Willingly selling/bartering votes is probably more of an issue, but I haven't even heard of that)

It's a bit different when you can prove who you voted for *after the fact*, though. The anonymous part of voting is a fairly important part, assuming voting is even important to begin with.

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03-10-2014 , 09:11 PM

#13482

Monorail

adept

Join Date: Feb 2014 Posts: 991

Can someone recommend a good "getting started with bitcoins" guide? Like...a step-by-step guide to setting up your first bitcoin wallet, ensuring you take appropriate privacy / security safeguards, etc.

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03-10-2014 , 10:17 PM

#13483

Shifty86

veteran

Join Date: Dec 2013 Posts: 3,053

A good starting wallet would be electrum. Write down the 13 word seed a couple times and store it in a couple different safe locations. There are youtube videos that will show you step by step how to download and set it up.

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03-11-2014 , 12:12 AM

#13484

waq

veteran

Join Date: Mar 2007 Posts: 2,700

I hope Monorail doesn't end up wondering why his seed is missing the thirteenth word.

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03-11-2014 , 07:51 AM

#13485

Shifty86

veteran

Join Date: Dec 2013 Posts: 3,053

My bad, still trying to get that counting thing figured out.

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03-11-2014 , 11:42 AM

#13486

rootamus

stranger

Join Date: Mar 2014 Posts: 1

Interesting article on the effects of quantum computing on Bitcoins and defeating encryption:

http://www.bitcoinnotbombs.com/bitco...ntum-computer/

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03-11-2014 , 11:54 AM

#13487

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,709

Quote:

Originally Posted by housenuts

I've enjoyed my experience with vault of satoshi

Hey almost got my account ready to trade, then noticed the trade volume. Like 21-25 BTC per day. How do you even manage to get anything done with that? Seems highly illiquid.

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03-11-2014 , 12:12 PM

#13488

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,709

Although it dawns on me I can just convert my dollars to BTC there, and then just move over to a bigger site for anything else. So probably only matters on the first buy.

Quote

03-11-2014 , 01:35 PM

#13489

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by rafiki

Although it dawns on me I can just convert my dollars to BTC there, and then just move over to a bigger site for anything else. So probably only matters on the first buy.

Yeah, unless you end up at a site like Gox and get your coins/funds stuck there.

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03-11-2014 , 01:47 PM

#13490

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 50,077

Quote:

Originally Posted by rafiki

Hey almost got my account ready to trade, then noticed the trade volume. Like 21-25 BTC per day. How do you even manage to get anything done with that? Seems highly illiquid.

I just deposited again to them at lunch. Waiting confirmation. Hopefully happens today.

Ya it's not that liquid, but it's not a big deal, especially if you just plan to buy and hold.

Their low ask price is $635 right now. Coindesk avg is $619. Not much of a difference really.

And once you buy, you move them elsewhere to do whatever it is you want to do with your coins.

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03-11-2014 , 02:00 PM

#13491

dshen13

adept

Join Date: May 2012 Posts: 894

Is coin base a good place to start for a bitcoin newb? Have a friend who wants to ship a few bitcoins to me, does he need anything besides my wallet address? Also anything I need to to protect myself? TIA

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03-11-2014 , 02:11 PM

#13492

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by dshen13

Coinbase is a good start. They have wallets there as well, so it's probably fine for a first time user and keeping a small amount, and playing around.

Believe they require 2 factor, make sure the 2 factor you are using doesn't end up in the same as the login (e.g. your texts don't end up in your gmail inbox), so you can get compromised.

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03-11-2014 , 02:16 PM

#13493

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 50,077

if you just want to keep coins, why would you keep them in a third party wallet such as coinbase? just get your own wallet that doesn't rely on anyone else.

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03-11-2014 , 02:31 PM

#13494

dshen13

adept

Join Date: May 2012 Posts: 894

I'm not trying to keep coins. A friend is shipping me some money he owes me via bitcoin, I'd like to cash out to USD when I receive that. Whichever is easiest for that I would prefer.

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03-11-2014 , 02:37 PM

#13495

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 50,077

guess it depends where you are. if you're in the states, maybe coinbase is the best. i'm not really sure and can't comment to that.

i'd wait until you have an account fully set up and verified before you get him to send you the coins. that way it minimizes the amount of time they need to sit in a wallet before you can cash them out.

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03-11-2014 , 02:45 PM

#13496

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 50,077

Quote:

Originally Posted by housenuts

I've enjoyed my experience with vault of satoshi

Quote:

Originally Posted by rafiki

Hey almost got my account ready to trade, then noticed the trade volume. Like 21-25 BTC per day. How do you even manage to get anything done with that? Seems highly illiquid.

quick and dirty. did a bank transfer at lunch, sent them a scan of the receipt an hour and a half ago, money in my account now. great customer service.

Quote

03-11-2014 , 03:03 PM

#13497

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by housenuts

if you just want to keep coins, why would you keep them in a third party wallet such as coinbase? just get your own wallet that doesn't rely on anyone else.

Because I would trust Coinbase to secure coins better than people running malware infested machines with keyloggers, or attempting to make paper wallets incorrectly, especially if the stakes are low.

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03-11-2014 , 03:06 PM

#13498

dshen13

adept

Join Date: May 2012 Posts: 894

nvm

Quote

03-11-2014 , 03:11 PM

#13499

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 50,077

looks like NY regulation may be coming into place

http://www.coindesk.com/new-york-acc...ncy-exchanges/

this is good news. i expect the value to go up due to this news which makes me happy i just deposited today. hopefully i'm not wholly wrong on that, but i see regulation as a good thing. lack of regulation is what is holding many corporations and risk-averse people back.

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03-11-2014 , 05:00 PM

#13500

ValarMorghulis

son of winter

Join Date: Mar 2006 Posts: 3,053

Any thoughts on which of the next generation coins will win out?

Good summary of the different options: http://www.ofnumbers.com/2014/03/04/...ion-platforms/

"the next few months will involve a race between Colored Coins, Mastercoin, and Counterparty as well as other non-blockchain equivalents", "what we are witnessing could be the equivalent of the invention of http on top of TCP/IP,"

Bitcoin already has claimed the network effect for firstgen coins, but seems like the race is on for the secondgen coin mantle. Possibly one of these options will become massive and the others will fall away?

Last edited by ValarMorghulis; 03-11-2014 at 05:21 PM.

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