Doesn't that blur the lines a bit between currency exchange/money transmitter?
Nope, I'd be happy to explain why if you PM me I believe you! No need to explain, thanks though.
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US jurisdiction, blergh.
The US, though it has many other problems, is actually one of the few 1st world countries that do not require logging by law (assuming my understanding is correct).
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And nothing of value was lost. Usenet is so bad, for realz!
Depends on your provider and your intentions.
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Does this new IP address make me look fat?
This was my first run in with bit-pay. Excellent service.
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Aaaand everyone's offline. This would be a lot more interesting if people used it. I'll be online for a few days, if people start showing up I'll stick around.
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Added again, had a problem first time. If the software doesn't load for you, try the portable version. Worked for me. If you want to add me back, my initials are B.A. on there
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added almost all of you. My initials are B.A. on there, if you want to add me back.
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I just bought another month with my provider before they get taken down.
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I really can't imagine a a worse way to run a business.
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All Barracudas. (3) 40GBs & (1) 80GB. I would rather dump some of the 40s because of my current configuration and which servers are being decommissioned. They may even be too small?
Dal
Gotcha, thanks for the reply. I'm looking for something in the ~TB range as I already have 2x 80GB and 1x 500GB. I'll keep an eye on your other stuff, though.
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Wouldn't this coin be dependent in on the bitcoin blockchain, since it's in the business of meddling with bitcoin balances?
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Hi, this idea doesn't make a whole lot of sense I'm afraid.
The difficult part of handling the block chain isn't really storing or serving it - disk space is super cheap and has been getting steadily cheaper for a long time. The difficult part is managing the database that's calculated from it, and verifying updates to it.
Most of the work that's gone into improving Bitcoin lately has been around how to more efficiently manage the database, and also how to serve subsets of the chain to clients that don't want to download the whole thing. That requires servers (nodes) that understand the structure of the chain and the Bitcoin protocol, which obviously NNTP servers don't.
I see. Thanks very much for the explanation, Mike.
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Could an alternate client be made that "reads" and "posts" transactions to Usenet, without the need of a full local blockchain? What if classic bitcoin nodes also posted transactions to Usenet to support this hypothetical alt client? The capacity is definitely there. If every bitcoin node posted transactions to usenet, then certainly they could be verifiable. For those of you who don't read the altcoin boards, I just posted this: https://bitcointalk.org/index.php?topic=127666.0
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Just give it time, Bitcoin is a good idea, it just needs to have certain conditions met like a massive devaluation of world reserve currencies for people to rush to adopt it, some of you guys are being seriously impatient.
Great quote. Personally, I'm dreading the day that I get caught with my pants down and the price shoots up before I buy enough of them. I hope it's not for a couple of years.
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I had a thought today that made me laugh, about somebody trying to "post" a binary file in the blockchain, as they have done over NNTP for years--with surprising efficiency. Then I had a crazy idea...
Usenet servers store lots and lots of data, and my limited understanding of usenet is that it is essentially a p2p network on the macro level.
-Could Usenet be somehow used to solve the burden of the blockchain on the bitcoin network? And blockchain spam? -Could a protocol be invented where transactions are posted to a newsgroup (or newsgroups), in a manner that is tamper-proof, decentralized, and cryptographically verifiable? -Could the double-spending problem be solved?
It doesn't seem outside the realm of possibility.
The warez scene imposed itself on usenet and isn't showing signs of slowing down. NZBs and par files were invented for this purpose. I read that 9 TB a day are posted to Usenet. Our dinky little blockchain would be a drop in the bucket. It seems like an untapped resource and I couldn't find any threads about it.
Or is this another dead end idea?
Newscoin? (sorry, couldn't resist)
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I hope it's a bubble, because I had to sell a chunk to pay some bills. I want my bitcoins back.
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Who manufactured the 5970?
Thanks.
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I'm interested in a SATA hard drive. What size/brand?
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