The legitimacy of a chain is determined by the miners and nodes. If one portion accepts 20 MB blocks and the other portion does not, then there will be a persistent fork. Both branches will persist because each group considers its branch to be the longest valid chain and the other group's branch to be either orphaned or invalid.
It is possible that both branches persist, but unlikely because the fork only occurs when >90% or > 95% of nodes and blocks follow the new rules. Once that happens, the old chain is no longer secure due to decreased hash rate and very few people would be using it. Most exchanges would either switch chains or stop exchanging Bitcoin. Essentially, the old chain would no longer be of any value. |
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So this is basically email advertising, like what a lot of stuff in my spam box is. I think that this would be filtered by most email provider's spam filters.
Also, how would the winner be determined by the block hashes and what are the place numbers?
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Check your math. If the account is more than .005 in your opinion then 20 accounts is worth more than .1 how can you say it isnt even 110% of the loan amount?
I personally don't think that these accounts would be worth more than 0.005 each. In fact, they are currently newbies (OP hasn't stated otherwise) so these accounts are worth less. It depends on the market really, and right now, I haven't seen much demand for Jr. Member accounts. |
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OK, started to panic a bit about this whole fork talk. So I read the whole thread a little more carefully. So what is going on here is that the new client (XT) runs on the same block chain as the old client (core). The XT will just be ready to support the fork if or when it comes. So all that FUD about there is now two type of coins is not true. Since they run on the blockchains is it the same coins bassically. Only after the fork will there be possibility to do the trix with having "double" the coins, but at that time should there be consensus what chain to run, and one will no consensus will just die, since no bitcoin exhange would accept that chain. Right?
Exactly. Although some people and exchanges might still accept the old chain, since it has a significantly lower hashrate but still a high difficulty, the blockchain would become insecure and prone to attacks. This would prompt people to switch to the new chain if they hadn't already. |
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Looks like you dont have plans on paying back the loan if you get it, ill say you are selling all of it for .1btc
He probably is. 20 Jr. Member accounts can sell for somewhere between 0.05 and 0.1 BTC. I also don't think that they are valid collateral because all of those accounts are not worth 110% -120% of the amount he is asking for. |
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You should have Bitcoin Core installed running in server mode and accepting RPC calls. You can then use standard JSON RPC calls to the Bitcoin RPC Server to do whatever you want.
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Sent over 14 BTC for a fee of 0.00001412 BTC, 0.3 cent fee for a $3300 transaction!
Confirmed at the same speed new blocks were added to the blockchain.
Large Bitcoin transactions like this can be confirmed quickly even with no fee. They have a higher priority because of the transacted amount. |
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Maybe instead of going directly up to 20MB, it could rise slowly every month/year.
That would require multiple hard forks of the blockchain and multiple software upgrades. The logistics of doing this would be too great, so it is much more effective to increase it by larger amounts. Right now, instead of 20 MB, the proposed size is 8 MB with the limit rising every couple years if necessary. |
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Those are some very very low fees, which should mean that your transactions won't be confirmed unless the Bitcoins are a very large amount. The default transaction fee and recommended fee is still 0.0001BTC.
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I'm pretty sure that it is going to stay at 40 bytes and not change back. There is no reason to.
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I guess one of the contributing reasons could also be that it isn't as easy as it should be. Imagine if there was software and you had to only press "turn on" to become a full node (once synced).
Why is it so difficult to download and install Bitcoin Core then just start the program and let it run? What is so hard about that. That is essentially what you are saying. It is quite easy to run a full node, albeit the wallet function of Bitcoin Core could use some UI work. There are also hardware nodes that you can just buy and works right out of the box. |
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hmmm... now that i think about it i should try to move my blockchain to another drive instead of my os ssd drive. thanks for reminding me of that. i just have to figure out how to do that now.
Move your datadir from its default location to wherever you want and always start Bitcoin Core with the -datadir flag. |
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This is great that a hosting company is actually accepting Bitcoin. I think you should make it more obvious on your site though. It is hard to tell that you do accept Bitcoin.
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He was arrested for tweeting about ISIL and jihadism, not just Bitcoin and encryption. The fact that he is saying that Bitcoin could help ISIL just makes this worse. The media is just using this "connection" to paint Bitcoin in a darker light.
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You could actually make a quick macro bot that does this for you. Not really, i know only 3 major ad networks that pay in bitcoins, most of them are $ based ad networks.
What are those networks? The only ad network that I know of that pays in Bitcoin is CoinURL. The other large network is Google AdSense which a lot of faucets use. They pay out in USD. |
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Bitinfocharts says there's over 42k nodes. That chart says there's 6k.  That is saying it has found 42k nodes total that ever existed and were at one point peering. The 6k is the number of nodes currently online and active. |
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Bitcoin is virtual gold - a great store of value, but you would never use gold as a currency, because it's hard to purchase a bag of chips with a piece of gold (unless you want a whole bunch of chips or you have a tiny spec of gold)
I beg to differ. Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past. |
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This thread was completely theoretical. I just wanted some opinion on the feasibility of this since I don't quite understand electronics and electrical engineering. Hopefully some day TEGs will be efficient enough that this could be feasible. Or miners can be made more efficiently to draw less power and produce less heat.
No. This thread is insufficiently theoretical. It is a classic example of preying on the uneducated and undereducated. If I remember correctly the 2nd law of thermodynamics is taught in decent schools around 8-9 grade. So anyone who would fall for it has a mental capacity of approximately 15 years old high-school student. Theoretical in that I have no plans of implementing such a thing and I am not encouraging nor claiming that this is a good idea at all. |
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This thread was completely theoretical. I just wanted some opinion on the feasibility of this since I don't quite understand electronics and electrical engineering. Hopefully some day TEGs will be efficient enough that this could be feasible. Or miners can be made more efficiently to draw less power and produce less heat. |
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