I wonder if someone was thinking they would hoard a bunch of testnet coins, I know this has happened in the past and that's why testnet was reset (twice). I hope it doesn't have to get reset again because the more often that testnet gets reset, the less complexity and length it has and less of a good model for mainnet it is.
If coin hoarding is not a problem for Bitcoin, then why would it be a problem for testnet? |
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Thanks again for the help, I sent you 0.01btc
I got it - thanks! |
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Is there an ETA for the release?
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The question I like to turn to is: who should bear the costs of law enforcement and prosecution.
If I am victimized by a scammer, are my neighbors obligated to pay the costs of investigating the crime, locating and apprehending the culprit, prosecuting, and then incarcerating him? If so, does this mean that I have less incentive to protect my Bitcoin and to investigate those I have financial dealings with? What if all the costs involved add up to more than the value involved - who should decide whether we call it quits on the investigation or not?
Is socialism really a fair way to handle this?
Is there a magic lamp we can rub that will bring forth a genie that will right all wrongs and triumph over evil?
The government should bear these costs. It is generally considered that a crime is considered a crime against society as even though someone stole from one person they could easily steal from several others in the future if they are not punished The magic genie, and less incentive to protect oneself up front, then. |
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I haven't but once a transaction is included in the chain it'd have to be 51%'d to be overwritten as a double spend That would be trivial to do on a lot of alt-chains, where far more hashpower is available on other chains that could be pulled over for long enough to do this. |
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Confirmation means reducing the likelihood that a transaction can be double spent down to an acceptably unlikely level.
There is a lot of math in the Satoshi whitepaper about how the likelihood that a transaction can be double spent reduces with each block the transaction is buried under. All of this math is based on average 10 minute blocks and the parameters with which Bitcoin was implemented.
If you change all those parameters, like the timing of the blocks, you will also be changing the difficulty of rewriting the block chain and thus changing the likelihood that a transaction can be double spent.
You cannot merely make blocks faster and claim that your blockchain has "faster confirmations." You have to do the math!
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The question I like to turn to is: who should bear the costs of law enforcement and prosecution.
If I am victimized by a scammer, are my neighbors obligated to pay the costs of investigating the crime, locating and apprehending the culprit, prosecuting, and then incarcerating him? If so, does this mean that I have less incentive to protect my Bitcoin and to investigate those I have financial dealings with? What if all the costs involved add up to more than the value involved - who should decide whether we call it quits on the investigation or not?
Is socialism really a fair way to handle this?
Is there a magic lamp we can rub that will bring forth a genie that will right all wrongs and triumph over evil?
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oh thanks!
I would like to tip you 0.01 btc for your help 13pahbkd6weDXYty6k7X7mGskBpWzgSKmD Also, do you know how to refill the keypool with more than 101 ? I did a keypoolrefill and it will only put 101 keys in the keypool ... edit your bitcoin.conf and set: keypool=1000 You'll need to restart bitcoin afterward. |
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You can go to Help -> Debug window -> Console to execute most commands.
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(known to me as 'Power PC' from its acronym) Ha, I did that too! |
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And back down. No blocks mined at all since I posted that. Transactions are still going through, though!  |
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I hear this all the time, what a waste POW is. Its not a waste when compared to physical security requirements. For the price of one rent-a-cops salary I could run 30 miners.
No, it is a waste. Bitcoin mining is the single biggest waste of electricity in the world. You can't really decide that unless it is your electricity being used. |
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Thanks, alani123! Signature rented!
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If you live in the US, Coinbase is super easy.
My 74 year old mother was able to buy bitcoins through them using her phone.
This is true, but I would like a second coinbase type company for the USA. Circle! |
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If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
I totally agree with you, and everyone has either ignored me (thru the forum feature) or continually misunderstand me when i say we need a REAL demand for bitcoin. We need ways to promote the use of the coin so people are willing to get the wallet sync it in. no one wants an online wallet since security is usually the first thing people mention, thanks to the stupid hackers who so counterproductively destroyed the investment they were hacking. You would think a hacker would not be so stupid to destroy the perfect coders dream, but sure enough they have. We a product you can only buy with bitcoin, or products that if you buy them with bitcoins they are a good bit cheaper than buying them with cash. Theres your new objective bitcoin developers sitting on wallets with hundreds of thousands of bitcoins , why dont you put them to good use, if you can create/maintain a code like bitcoins what is so hard about coding and setting up a good standing worthwhile merchant site for your investment. Yes, If more people 'want' bitcoin then it will increase massively. However most people, even tech savvy people don't know how to buy them which is a big problem and I think is limiting its spread. It has been possible for the last two years to find out how to buy Bitcoin by Googling "buy bitcoin." That's how I buy nearly any product; why should Bitcoin be any different? It's been possible for nearly that long to sign up at Coinbase and buy Bitcoin easily if you have a bank account. It's not that hard. If you can make it easier, you can make a bundle of money. |
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I am glad we started to settle the deal finally
the question remains why "my money" was spent in the first place ?
It is a clear sign that there was no respect towards it.
and what is that action telling about intention to give it back ?
why do I have to get it in chunks ?
Who knows how long will it take,
might be just a continuation of a weird game...
time will tell
but one has to admit that there is something really unusual going on here, right ?
It's already been explained in the thread that his understanding of the agreement was that you would be paid when he sold the coins, not when he received them from you. The issue is, I made the mistake and prematurely advanced him coins, therefore setting a precedent. So, I understand when he saw I sold some of the other coins he wants the additional BTC. Anyways, were working it out so no worries. I suspect he's going to continue to gripe here, but hopefully not. BTW, Charlie, I like the way you are handling this. Very concerned about your reputation, but not disrespectful or aggressive. I think we have here a case where two parties ultimately disagree on what the original agreement was. From the perspective of the rest of us, neither is "right" or "wrong." They just need to work it out, or else leave each other alone. To sit and hurl insults and scam accusations in such a case like was done here is very bad form, IMO. |
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I am skeptical why we have to use exchanges Think about this for a minute. |
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I am glad we started to settle the deal finally
the question remains why "my money" was spent in the first place ?
It is a clear sign that there was no respect towards it.
and what is that action telling about intention to give it back ?
why do I have to get it in chunks ?
Who knows how long will it take,
might be just a continuation of a weird game...
time will tell
but one has to admit that there is something really unusual going on here, right ?
It's already been explained in the thread that his understanding of the agreement was that you would be paid when he sold the coins, not when he received them from you. |
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