Why go through the hassle the first time? He got $100k-$200k, which was plenty to pretty much retire in Romania.
more like 10 times that. I think I dropped off my text. What I meant to say is that during the FPGA physical chips, I heard he got $100k-$200k. He then took 3 months to do anything and had shitty communication then. Just seems like if he just wanted to scam, he would have kept that money and not went through all this work to build something. we havent seen anything thing he Build have we? Yeah, people received the FPGA's at the start like in 2013. Only a few beta boards were sent in October 2013. The majority got them (Scriptor 8X) in March-May 2014. I still got them  |
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Expecting price rise to ~$350 - then down to ~$220 revisiting the current level. Time horizon: March to May.
What do you expect?
I expect false expectations P.S. Don't get me wrong. There's a good chance the price will do what you said  |
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On the bright side at least this thread isn't heavily moderated like ltctalk  Never had any problems posting anything I like over there. Never had anything deleted. It's simple actually: - If you really need swear words to make your point use the * for f***s sake. - Don't make threats if you know what's good for your health - Always try to be a gentleman/lady my good sir Hope it helps... It's rare to see a forum where people act like adults. People speak in a manner that would never happen in face to face encounters. 1) First comes the belittling post where someone implies stupidity. 2) Next comes a sharp edged response. 3) Follow-up commonly includes name calling. I do consider #3 a sure sign of low intellect. That is exactly what bothers me about LTCtalk. There is a moderator over there that engages in such behavior. Uncalled for and a black eye for the community. Same moderator also had very low tolerance for any criticism of LTCgear. I expect the enthusiasm has been dampened by now. In all fairness, he did put his money where his mouth is. |
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I really don't understand you net denizen, legal eagles. I can tell you that any lawyer, if they are being honest, will laugh you out of their office if you tell them about your problem. I can also tell you that Bee's lawyer, if he has one, is probably toasting and smoking a cigar with Bee, because there really isn't anything you can do. So just stay calm, and be a BEE-liever Do you happen to be: - Romanian Lawyer
- Mining Farm Operator
- LTCT Moderator
</s> Hey im one of those! Romanian lawyer?  |
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On the bright side at least this thread isn't heavily moderated like ltctalk Never had any problems posting anything I like over there. Never had anything deleted. It's simple actually: - If you really need swear words to make your point use the * for f***s sake. - Don't make threats if you know what's good for your health - Always try to be a gentleman/lady my good sir Hope it helps... |
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... Yes, but in the case of Uber there is an option for scalability. If the prices are in surge for a longer period (meaning there is increasing demand), more people will sign up to become drivers because it's profitable. Bitcoin at 1MB hard cap has no such option. I agree that the priority based on fees is a good thing for the occasional peak in the number of transactions. But not if the system is at 100% percent all the time. All we can have is about 3-4x as many transactions than what we have today. And that's it. How would you solve the problem? Or do you think this is OK? Bitcoin stays at 7 TPS forever. And only people willing to pay the fees can use it. In this case you have answered the question of why we need altcoins sidechains? Yes, third party payment providers and sidechains are the solution for the mass adoption (by mass I mean your 'can hardly use a cell phone' grandma). But you have to put your trust into the security of the payment provider and/or the sidechain. Let's face it: private keys are safer in the hands of a trustworthy third party than your grandma. But many are unwilling to trust anyone else... I still feel the main blockchain will need to increase the hard cap at some point. Not by a lot, to prevent bloating, but still... We could put rules in place that would safely raise the limit higher if we really need additional transactions on the main blockchain. |
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...when Bitcoin can't cope and grinds to a halt.
There is no grinding to a halt. The worse case scenario of not resolving this in a strategic way, or not forking for a larger max block size is that Bitcoin will continue to do what it already does better than anything else. It does not "grind to a halt". If your transaction is urgent, you pay a fee. The current proposal from Gavin also guarantees that there will be more hard forks. The proposal is a guess at what might be needed, it does not measure the block chain in any way to determine how to set the right block size. Sell your fear elsewhere. Exactly. Gavin's GigabloatCoin is being sold to us based on the fear that plain old Bitcoin will explode if people actually start using it. No such thing will happen so long as we keep the system antifragile, which includes maintaining a defensible/diverse/diffuse/resilient network. Under a full load, blockchain space/priority will simply become priced at market rates instead of being subsidized like in the past. It's just like Uber. If too many people want to use the service, Surge Pricing kicks in and cheapskates can wait around for a taxi or bus instead. Yes, but in the case of Uber there is an option for scalability. If the prices are in surge for a longer period (meaning there is increasing demand), more people will sign up to become drivers because it's profitable. Bitcoin at 1MB hard cap has no such option. I agree that the priority based on fees is a good thing for the occasional peak in the number of transactions. But not if the system is at 100% percent all the time. All we can have is about 3-4x as many transactions than what we have today. And that's it. How would you solve the problem? Or do you think this is OK? Bitcoin stays at 7 TPS forever. And only people willing to pay the fees can use it. In this case you have answered the question of why we need altcoins |
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oh i cant believe...still maintance This must be something then  Bullish! Next few hours are crucial! |
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It says very plainly on their FAQ that they are not connected to LTCGear. Not sure if they were as honest from the start. But they are now... |
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Because this thread contains lots of posts concerning stuck withdrawal/deposit posts, I want to mention that those are very rare cases. Deposits and withdrawals in fiat and coins are handled without any problem at kraken at a very high frequency. And in the rare cases something is odd, it is resolved very quickly (well, sometimes you have to push this thread before, but hey, at least there is a thread to push!). But those rare cases have occured less than 0.5% of the time for me over the past 1.5 years with multiple deposits and withdrawals every day.
This is SO MUCH BETTER than at any other exchange I have tested. And it also saves a lot of time I have already wasted with support at other exchanges; at kraken I rarely need the support.
(I do not have any ties with kraken and my post is my honest opinion.)
+1 Yes, the support is awesome and they resolve tickets within a few hours if the problem is at their end. |
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Site back down again but with a new message !?
Deja poo, the feeling you've seen this shit before... |
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At least Totscha will get paid today The day isn't done yet I'll dare you say such a thing. I believe S to be a man of his word and that Totscha will be paid accordingly. He's just saying that Chris can still pay. Big winner today Totscha gz on the 100 ltc! since its beeing taken from S its allmost like everyone is getting 100ltc "allmost". Break out the party hats!! Yeah I did win the 100 LTC bet against Sukarti (mod on LTCTalk) today. Coins are already in my wallet I'd party even harder if I lost the bet |
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What's the real value of a BMW car? Is there something you can't do do without it?
Well the simplest answer is that without a BMW you can't drive in a BMW.
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embezzled
Didn't find good translation of this word to Russian. Paraphrase it plz. It's a fancy word for "steal money". |
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I assume that the maintenance will be done around midnight tonight, so we'll see.
"A short server maintenance" Nothing will happen. Can't say I really expect live balances, but we'll see First it was [Pending...] , then he updated it to [Pending..], tomorrow we get another step closer with [Pending.] Rejoice! We are getting closer by each passing month [Pending..] -> [Pending.] -> [Pending] -> [Pending ? |
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Ok. I said it a couple of times, but I guess 3 times IS the charm 1. A hash (sha256) operation not the same as an ECDSA operation. Private key generation (ECDSA) is much slower. You'd get about 1-10 / sec on todays' CPUs 2. Computers do NOT get 1 trillion times faster each 6 years. It's more like 2x each 1.5 years, or 16x in 6 years 3. Didn't recheck your math, looks about right. It's just that your assumptions are considerably exaggerated. |
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I assume that the maintenance will be done around midnight tonight, so we'll see.
"A short server maintenance" Nothing will happen. Can't say I really expect live balances, but we'll see First it was [Pending...] , then he updated it to [Pending..], tomorrow we get another step closer with [Pending.] Rejoice! We are getting closer by each passing month |
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Maybe I was not clear enough.
..., then my question is different: How long until everything falls apart?
Since you are new here, maybe you haven't seen this: [img] nice pic. However, I'm not influenced by soft sentences and big pictures, I need to have solid proofs to feel safe. A normal CPU out there, running at 10% its max speed is able to generate between 1 to 10 Hashes per second. (at least it was so with some tests I made some time ago, but it can take a bit more with some performance enhancements) If you consider an available miner on the market, they are already able to generate 1 TeraHashes PER Second, that already counting with all calculations and everything. Basically multiplies a basic computer power by TRILLIONS of times and all of this in just 6 years. So I think its time for us (bitcoiners) to start worrying about the security of our addresses. Thats why I'm asking these questions, can the TH/s capabilities used by ASIC miners be used to generate Bitcoin private Keys? If yes, we may be running out of time and Bitcoin developers will probably have to update the Bitcoin hashing very soon and this would probably be bad news for the market. If no, we may have a bit more time, but with quantum computing on the rise we may have to think about this in few years. Just consider that Satoshi lost his private keys and has no access to this addresses and someone is able to crack his addresses, Bitcoin will die the next day. I hope he still has access to his addresses and is alive when the Bitcoin developers have to update the Bitcoin hashing.... so he can still transfer his bitcoins to a new generation address. 1. The average CPU can do 1-10 MILLION hashes per second. So an ASIC is only a million times better. But anyway you cannot compare a general purpose CPU to an ASIC. It is still same generation hardware. Computers did not get a million times better in 6 years. 2. A hashing ASIC cannot do private key checks. 3. I don't think you understood the text around the picture 4. Keep calm and don't worry about brute force. 5. If it were possible it would already be done. It takes a smart guy to make an ASIC and they all know a private key brute force is not worth the effort |
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Maybe I was not clear enough.
By "cracking hashes" or "destroying Bitcoin from the inside" I mean... guessing all or as many as possible Bitcoin private keys out there. (And therefore unlocking all addresses out there, including, for example, hacking into Satoshi addresses)
I don't understand exactly how mining works but I assume it generates something different than private keys?
You cannot use a miner to crack Private Keys, because to crack private keys you have to have an input string that changes over iterations, but mining ASICs are not designed in this way... right?
So based on this, my question is, what if someone designs an ASIC specifically to crack Bitcoin Private Keys? Is this even possible?
We have a new trend rising, of quantum computing, if someone is able to combine quantum computing in an ASIC way, this may generate much much more than 1 TH/s... like 1 Million TH/s or even more.
But if you are telling that people can use miners to crack Bitcoin Private Keys, then my question is different: How long until everything falls apart?
If this were possible somebody would have already done it and Bitcoin would be dead. So you probably want to know why it's not possible. And by not possible I mean extremely extremely unlikely. Mining (sha256 hash operation) has nothing to do with private/public keys calculations (an ECDSA operation). So 1THs miners cannot try 1 trillion private keys each second. But even if they could it would take him literally from the beginning of time until now (since the Big Bang) to crack one single Bitcoin address. http://bitcoin.stackexchange.com/questions/2847/how-long-would-it-take-a-large-computer-to-crack-a-private-keySo even if you had a million of these machine (that by the way do not exist yet) it would still take you a dozen or so million years. |
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Can't say I was annoyed when someone asked me what I do in a long time. But I have seen people who were annoyed when I asked them that question. They usually had a reason for that. They were either in a job they hated or between jobs longer than they liked. I didn't know it was a touchy subject with them ATM. I didn't like it when people asked me what I was studying when I just dropped out of college.
So you basically have to change your perspective (that's what I did) if this is the sort of thing you don't like being asked. People will do it. Out of pure politeness actually. They just met you and are showing interest in you, to make you feel they care about who and what you are.
That's why we ask: "What's your name?", "Where are you from?", "What do you do?", "What are your hobbies?", "Read any good books lately?", etc...
That's my perspective anyway.
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