Bitcoin Forum

pls make the blochain faster im fedup of waiting 100 confirmations i fought bittcon woz supposed to be instant im waiting half a day to convert them to doggiecoin

Who is asking for 100 confirmations from u ? 6 confirmations are enough for a 1000 BTC transaction.

i mined and it sent to my address and i hath withdrew it to an exchange to trade it for dogecoin im still waiting wot the fuckkkkk

17 confirmations from mining reward

1 confirmation from wallet to exchange

wot the fuck??????



and ho put that shitty advertisement underneath my posts how do i get ridd of it someone hacke me????

He's a troll. Look at his obvious troll spelling/grammar/punctuation...

And most of his all, LOOK AT HIS NAME.  ::)

first fail:
he is using a crappy pool. which was his choice to choose that service with that delay, he should choose a different pool.

second fail:
he simply wants to convert to dogecoin. he should simply mine dogecoin and hoard if he loves doge so much

third fail:
he should mine doge and sell them for bitcoin.. he would earn more.. as he doesn't realise mining bitcoins to throw at doge is losing him value,

the blockchain speed of 10 minutes is really the most optimal speed.

With shorter block times you will have more orphans and more incentives for miners to try to build on their orphaned blocks to make it so they are no longer orphaned. As a result a TX with 1 confirmation on the bitcoin blockchain is much more secure then a TX with 10 confirmations with a 1 minute block time on a hypothetical coin

I don't claim to know much about the inner workings of blockchain technology and cryptography, but the understanding I do have says this isn't right. Can this be explained more fully?

Although, 1 confirmation is infinitely better than 0 confirmations.  This is one major advantage of shorter block times and definitely helps over-the-counter, in-person transactions.

It does seem like halving the block time and reward (5 minute/12.5 BTC) could help with some of the complaints about bitcoin without being a huge change. Not sure whether we should double the blocks till difficulty change or not though.

Sounds like OP is experiencing something most people except real old timers and those really in to mining know about: coin maturation. Newly minted bitcoins aren't instantly usable. You gotta wait 100 blocks after you generate (now called mine) bitcoins before you can spend them.

https://en.bitcoin.it/wiki/Block_chain

"Blocks in shorter chains (or invalid chains) are not used for anything. When the bitcoin client switches to another, longer chain, all valid transactions of the blocks inside the shorter chain are re-added to the pool of queued transactions and will be included in another block. The reward for the blocks on the shorter chain will not be present in the longest chain, so they will be practically lost, which is why a network-enforced 100-block maturation time for generations exists."

Sorry for the problems dude! You'd probably feel better if you stopped pooing yourself. That's gotta be causin a nasty rash.

I think the positives of faster confirms out weigh the fact that you need to wait for more confirms to get the same level of confirmation. Although I'm definitely open to hearing why I'm wrong.

It would be nice if bitcoin was faster but I don't think we're ever going to see that.

Defecation and language/expression issues aside, he's just confused. Coin maturation a subtle topic that few ever encounter...most miners have a level of insulation from what is actually going on provided by the pool.

I wouldn't blame anyone for not knowing what he is complaining about. But don't be fooled into thinking that doggie coin doesn't have a maturation process. It's another easily adjusted variable just like all the variables that define the altcoins (derived from Bitcoin that is...).

BTW thanks for being the only one to actually answer his question.  I was about to answer when I saw yours.

He's a troll. Since when does anyone other than Stephen Gornick give an honest answer to a troll?

Remember the good old days when no one expected/demanded Bitcoin to make them rich, folks were willing to do work to make things easier on the next guy, and people didn't whine that others aren't doing more free work for them? The culture sure has changed.

We were all newbies once. Compare my newbie post and response to what our OP has experienced: https://bitcointalk.org/index.php?topic=335.0

Tipping felt more common back then...and I know why!

You're right. Now I feel bad. We should help new people even if they seem like trolls. I used to do that but that's a lot of Matthew N Wrights ago. I'm glad you told him the truth about coin maturation time.

BTW: I deleted all my posts as CornedBeefHash and had Theymos delete the account so I wouldn't have to be reminded how ignorant I was. You're a brave man.   :)

teh blochian taeks si logn too canferm mai trensvestite i ne3d teh sax chagne operashen nao

The blockchain is great.

Time to make a Bitcoin-like wallet transfer system for payments, rather than paying for things with bitcoins themselves. What I mean is this:

1. Make yourself 100,000 wallets.
2. Place a small amount of bitcoins - like 0.0001 - in each.
3. Transfer the wallets between folks using a yet-to-be-invented Wallet Transfer Protocol.

This makes a whole new kind of blockchain. The original one changes/grows less rapidly. Anonymity is increased.

Make another, additional protocol, additional to the one mentioned above, for handling groups of wallets. In other words, a wallet wallet. That is, a wallet that holds many multiple wallets that hold the bitcoins. Then transfer THAT wallet through this second protocol. Soon the wallet wallet idea will be the bitcoin thing, and people will forget all about bitcoins... something like you don't think about binary in a computer, but rather about some programming language that rides a bunch of layers above binary. Yet, binary is the foundation for all of it.

:)

You can transfer private keys and people do, however your system now involves trust. 

You have to trust that the person giving you the private keys - what you call wallets - will not remove the BTC from them.

This system you outline is already in place.  This is exactly what physical bitcoins are:  wallets that contain a certain amount of BTC that are attached to a coin with a short version of the pubic key on the outside and the private key on the inside, hidden under the sticker.

Every transfer of a physical bitcoin from one person to the next is off the blockchain.

Bitcoin spurs growth on many levels! I'm no exception to the rule that we are all a work in progress!

Don't need to confirm it 100 times, 20 times is enough

False. Newly generated coins need to mature. Read above.

CornedBeefHash, eh? i remember you. that's going back a way.

btw, as a pool miner who never spends his coins, i don't think i have to wait 100 blocks to spend my coins. is that because the pool doesn't pay them  out until 100 confirmations go by?

This is hilarious.
The advertisement was put there by theymos. You should sent him a PM explaining that you don't want the advertisement underneath your post.

Unbeliveble...

Yes, that's true. In fact, there was a big debate in the Litecoin community about adopting the same thing. That goes way back to when TerryTibbs was helping Coblee set it up. Now the debate is to make Litecoin coinbase output unspendable for 120 blocks instead of 100 to match Bitcoin wall time.

How did this thread get so many posts? Obvious trolling.. If you want to talk real, don't do it in trolls' thread.

Lmfao, this troll has trolled you guys into oblivion.

100 confirms you only need 6 confirmations in Bitcoin
That said I initially thought this topic was a comment on the loading of the full client
Telling people to make the damn thing load faster ^_^

Perhaps it was my fault. I thought the OP genuinely confused. I guess I'm too naive :(

That said, we do need to try to keep things friendly for the genuinely confused.

No what you're doing is  a good thing. Newbies need to feel welcome.

Just that the OP had a name called, ipoomyself, as well as horrible 6th grade spelling and grammar :P

And here I thought someone was complaining that the blockchain was so big...lol.. Then he complains about the sites ad that was placed underneath his post.. to top it off, his name... good grief.

Not when you are trying to spend your block reward (coinbase tx). :P
Check post #10 by bg002h for details.

So many fails in this thread.

Very funny stuff.

Maybe OP needs to do his research before doing anything at all? Especially posting on this forum things he has no clue about yet appears to want to.