Bitcoin Forum

I may be fortunate, my living doesn't depend on BTC. I don't use BTC everyday, and I don't need the BTC I keep on my wallet, on my home computer (not the one I'm using now). BTC is going through hard times right now, I will not move, and I suggest everyone in the same situation as I am to stay put.

It's panic that's causing today's price fall. People are always overreacting.

I'll probably wait till the malleability issue is resolved. It's fine with me if it takes 2 months.

You do realize that transactions make bitcoin what it is, make it work. Bitcoin is nothing without transactions. Imagine if everyone stopped buying in real world using fiat currencies. So nobody is buying anything at all. Everything would collapse, and I do mean everything. Money in any form is dependent on it changing hands. People often dismiss that, but when a country is in crisis the ones that increase their spending or maintain it at the same level get out of crisis fastest. Take Island for example.
P.S. If you don't need bitcoins, I wouldn't mind taking them off your hands.  ;D

The title makes no sense. My answer is:
https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcTKGiQ5YAQn-p8VstFJPiR7TtlyaQ9vBXUaxUGckXuMvz9gIhd5

You're right,  let's stop all transactions, right now!

Why would you want to stop all transactions? People earn a living off Bitcoin and can't stop because of this stupid idea it doesn't make any sense.

There is no reason to stop transactions, they work fine if you are using properly coded clients.

A lot of people seem to overreact to this malleability issue without fully understanding the problem.

I personally don't care if my "transaction ID" is changed because it doesn't affect the actual outcome of the transaction.

that the difference between a capitain in hurrican ... and a tourist on a yacht in sunshine.
you are the tourist.

don't talk to me.


http://data2.whicdn.com/images/51939627/large.gif

It does if your client uses unconfirmed change in a new outbound tx (which all of them do BTW).  The changing of the tx id will cause the child transaction to become invalid.

A temporary fix would be to
a) give users the ability to require change to have 1 confirmation before using it in a new tx.
b) flag duplicates txs and hide them so the user only sees one (and the balance only reflects one copy).

It isn't perfect but it would make the mutability a non-issue for ends users.  Service providers which keep records on outbound txs would still need to ensure they don't rely on tx ids.

Pot meet Kettle.

Seriously OP.

what what what

i just bought some weed with bitcoins

if we get rid of them then no more weed   :'(

In 2 days, we have the fall of MT.gox ... in 2 minutes, we have this :

http://media.timeout.com/blogimages/wp-content/uploads/2012/12/deep-impact-gif.gif
http://media.timeout.com/blogimages/wp-content/uploads/2012/12/deep-impact-gif.gif

2 months is too long for a network that it can react with 7 transactions per second.  ;D

Rofl :D

I must say it was funny.

Stop all transacions and do not overreact at a same time..

At some point this will have to be fixed.  The utility of bitcoin is reduced if the broadcast txid cannot be relied on for accounting purposes.

hoarding to try to make the price go up so you can 'profit' just goes against everything bitcoin is supposed to be about... it's not supposed to be about greedy profit mongering, but it is of course. Other people will hold so it goes up, and then you will sell is that right?

watching & thinking

LOL

You guys should have wondered where I got the idea. It's easy, I looked at the stock market. NASDAQ or NYSE and I believe in every market, there are suspensions, trading halts or trading curbs, and everything just stops for a while. This is common, it happens often.

I understand it can't be with BTC where there isn't a regulator, but we shall not fear, nor be surprised if at times, there are things we do not understand, or that things are causing reactions we hadn't expected, so much that the safest thing to do may be to stop everyhting.

Yea it seems the price is going down but wait tell it gets down to 500 and the flood of buyers swoop in and buy em all up, then the price is going to go up like crazy. I am waiting for it to go down some to buy some.

Confirmed txid can be relied on for accounting purposes.

lets all have gay orgy (10 girls, 1 guy)

How do you get from an unconfirmed transaction id to a confirmed one?

I called Satoshi.  He turned the master bitcoin key to off so blockchain should be stopping shortly.  Thanks for the heads up that was a close one.


http://ecx.images-amazon.com/images/I/61qkA8yxlfL._SL1500_.jpg

You don't, you just freeze till the first transaction is confirmed.
Banks work like this. If you want to cash a check, they will be check it first.

in 10..9..8..7...

Oh look :) blockchain has stopped :D

When I was sitting in toilet I though - if (just a sci-fi comedy scenario) all transactions all over the world would stop -
Poland will use Bitcoin anyway :P till the world end :P

As long as it is p2p xD they cannot stop us!
http://www.youtube.com/watch?v=0HL-N9oOjcs

Yeah that's what I meant. The txid of a transaction in a block can be relied on for accounting purposes. Any txid not in a block is subject to change.