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I think that is a circuit breaker.
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I am returning to this thread because I still have a problem. Its now worse. Please see thread for details. The screen shot below shows the error message that I am now getting. After my last conversation I went to update the blockchain and after I left it for a while Bitcoin stopped working.....all the while I was getting error message that computers were trying to access Bicoin (Hack attempts)
Can you post a screenshot about these messages about hack attempts? These are probably not hack attempts but rather Bitcoin Core attempting to connect to the Bitcoin network. These messages are probably from your firewall, and you must let Bitcoin Core through the firewall in order to connect properly to the network. |
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I don't think anonymity is the primary factor.
There are two reason that people use Bitcoin, 1.) as a speculative investment, and 2.) to buy things they couldn't otherwise buy.
For a lot of people anonymity is a very important factor. There are more than two reasons that people use Bitcoin, and your second reason is not valid. I can buy pretty much anything with USD that I could buy with Bitcoin. However, I use Bitcoin because it is more convenient than a credit card. No need to fill out information about my home address and stuff, just copy and paste a single Bitcoin address. I also use Bitcoin because I can buy tons of things at a discount. People are willing to pay a premium to get Bitcoin, and thus I can get myself a nice discount on stuff that I want. |
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This all assumes that there will be two chains, which will only happen if the fork is done without consensus. I have a lot of doubts.
First, my BTC before the fork can be translated to XT any time (if its my will). I have a BTC mining contract, after fork BTC mined cannot get converted to XT, am I right?
It depends on what chain your mining contract is mining on, but yes, any BTC mined after the fork cannot be exchanged between the two chains unless an exchange is willing to do it. What happen if I buy BTC on a exchange after fork, I'll be able to convert it to XT?
Only if another exchange is willing to exchange it. What would happen if I dont like XT or XT crash, may I come back to BTC?
Yes, if you did not touch the BTC chain after the fork. If your Bitcoin was only transacted on the XT fork, then if you decide to use the old BTC chain, you will have however many BTC you had prior to the fork. It is possible a market manipulation? Example: A group of guys make buying pressure to pump BTC-XT, they convince a lot of people to change to XT because have best prices, then dump the price and run out?
Yup. Its called a pump and dump. Happens all the time with new altcoins. |
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Most of people that use bitcoin their obvious answer probably is going to be "because it's annonymus and don't need my real informations and my account don't get limited" when you ask them why do you use Bitcoin . But most of them also use Exchange to trade their bitcoin and most of those exchange websites asks for ID or passport verification and residence and some other real informations , so isn't this a contradiction  don't exchange defeats the purpose of bitcoin Absolutely. At localbitcoins, you also have to give your bank details to the buyer for payment. So it does not remain anonymous at all. But that is not bitcoin's fault. It is the users fault to use it as an exchange commodity instead of a currency. Not necessarily. With localbitcoins, I can buy using cash-in-mail. There doesn't need to be a return address either so that is completely anonymous. I can also buy using gift cards and reload cards with cash to exchange for BTC so my name and id is never associated. |
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open the file multibit.properties in %appdata%/Multibit Add the line peers=<peers to connect to> where <peers to connect to> is a comma separated list of ip addresses of the nodes you want it to connect to. |
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Bitcoin Core be default is a full node. You cannot change it to be a partial node without changing the code. In order to have a partial node, you need other software, such as something built on BitcoinJ (e.g. MultiBit) and you can specifically have it only connect to your Bitcoin Core full node.
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I would like an invite too. Why: I intend on doing a lot of trading of various digital stuff and would need this for people to trust me.
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It's okay, though, when did they all change into matching tank tops? The concept is great though.
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How much do you want for Skyrim? I'll offer 0.02 BTC
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Can you escrow? Does that site provide escrow? I only found a contact email on that site that was just random letters and numbers.
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Can you escrow? How do we know whether these are legit?
I might be interested in buying 1 or 2.
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This has been going on for awhile now. Like a 3-4 weeks maybe.
Those miners are not adding transactions to get the block faster.
Kind of cheap, but I think someone started it, and now other follow randomly.
Edit: To clarify, I have not noticed those 0 transactions blocks till recently, so it is possible this has existed since the beginning of mining.
someone may be attacking the network by finding blocks but not publishing them immediately. then when they have found 3 blocks in a row they would publish them all at once to reverse the transactions of last 2 published blocks since the attacker has a longer block chain. It would be incredibly difficult because what you just described is called a 51% attack. No one has >51% of the hashing power |
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can someone tell me what a 0 block means in relation to the network?
It means that the block only has 1 transaction, which is the coinbase transaction that gives the block reward to the miner. It has not other transactions in it. Edit: To clarify, I have not noticed those 0 transactions blocks till recently, so it is possible this has existed since the beginning of mining.
It has been going on since Bitcoin began and has always existed. Just look at the first hundred or thousand blocks. They are all empty blocks because Satoshi was both the only person mining and the only person on the Bitcoin network. |
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i.e. Five blocks at 1MB and then one at 7MB would be: 1MB + 1MB + 1MB + 1MB + 1MB + 7MB = 12MB
versus all the blocks being similar sizes over the same period: 2MB + 2MB + 2MB + 2MB + 2MB + 2MB = 12MB
Doesn't really seem to be much of a difference in practice.
Actually, that last block that is larger could become a problem. Miners with limited bandwidth in places such as China could have a high orphan rate after that last block because it would take longer for them to receive the block and begin mining on it. It could theoretically give the miner who mined that block an advantage. This is part of the reason why many Chinese miners were opposed to the 20 MB block size limit. |
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I can do this for you. I have sent you a PM.
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Yes. In fact, it is used by many pools. They compute the first part of the header which will not change during the current block mining, and send that to the miners. This is called the midstate. Then the nonce and everything else in the header is computed by the miner and somehow added to the midstate and the whole thing is sent back to the pool.
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It kind of does, but that is why there are some exchanges and peer exchanges that allow you to anonymously buy bitcoin. You can use something like localbitcoins to buy bitcoin anonymously.
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That very long email brought up a ton of points. I don't think that Hearn or Gavin have actually read that message and considered half the things mentioned or asked in that message. The fact that neither Hearn nor Gavin have directly answered those questions makes me seriously question whether it is a good idea to follow the XT fork or not. Originally I was, but now, after seeing what Hearn is trying to do and his arrogance, I probably won't switch.
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