Wisdom of the ages... I wasn't aware of this. |
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Me likes this.
+1 to donate button.
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But did you merge forced non-zero TX fees from Bitcoin ?
If so, then paytxfee setting might not work in some cases.
Namecoin use this function too : static bool AllowFree(double dPriority)
{
// Large (in bytes) low-priority (new, small-coin) transactions
// need a fee.
return dPriority > COIN * 144 / 250;
}
So, some tx may require a fee of 0.0005NMC (0.00000657BTC). I just looked up your code and you definately do not allow free transactions, just like the mainline client. This is the code responsible (src/wallet.cpp): bool fAllowFree = CTransaction::AllowFree(dPriority);
int64 nMinFee = wtxNew.GetMinFee(1, fAllowFree);
In my fork i change it to following, to revert to default 0.3.20 behavior, which allows sending coins without fee, always. //Bitcoin NFTF Patch - by ShadowOfHarbringer START
bool fAllowFree = true;
int64 nMinFee = wtxNew.GetMinFee(1, fAllowFree);
//Bitcoin NFTF Patch - by ShadowOfHarbringer END
However this is not a proper fix, but a quick & dirty fix. If you are interested in "good fix", there is a patch for the mainline client created by Luke-Jr here. https://bitcointalk.org/index.php?topic=46925.msg639340#msg639340 |
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I just added a "maxtxfee" option to get the old behaviour (enabled by default up to 0.01 BTC fee). Hopefully this is a good compromise?
Probably, however the question is: will this be merged into the mainline client ? |
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-alternate clients without TX fees requirement ? : Do you know you can force tx fees to 0 in bitcoin (search paytxfee) ? Same for namecoin ! What a revelation !
But did you merge forced non-zero TX fees from Bitcoin ? If so, then paytxfee setting might not work in some cases. Current bitcoin client forces everybody to pay fees even if they are not necessary. This is the reason why i created NFTF Bitcoin client fork. Is this the case with namecoin ? |
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SO WHY CAN THEY WITHDRAW ONLY $250 worth of BTC every day?
There is a very simple answer to that. MtGox is building a fractional reserve, trying to make more money on the money they already have. They are very probably investing money of their users using external entities. It's a no-brainer. I don't think I'm nitpicking here. $250 is not enough to buy much in BTC. Who wants to spend 3 days withdrawing BTC so they can buy something with it? Is Mt. Gox TRYING to kill Bitcoin?
No, they are slowly killing themselves. It's good for bitcoin, we need more serious exchanges and less crappy exchanges. It is possible to actually create a totally hardened, hack-free exchange without crazy withdrawal limits, but not everybody is competent enough for the job. MtGox will be replaced by better exchanges - sooner or later. It's called free farket. |
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I leave bitcoind running as well, for a selfish non-altruistic reason: I hate waiting for the blockchain to update when I go to use it. It's slower than hell if you have to wait, and a total non-burden if it stays running.
+1 +1 +1 I also do have multiple clients on few servers running currently. |
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I hope one day we can get back to paying for the bandwidth you want with the right to fully utilize it as well as resell a portion of it. Dialup sucked for the speed, but the openness enforced by the regulations over phone lines is what allowed the rise of the Internet. Bandwidth caps and government-enforced ISP level censorship will be it's downfall.
I think we are already there. Call your ISP and ask what service offerings they have for small office / home office. You'll probably find that you can get access to any amount of bandwidth at a price. Sure, you were probably expecting to consume unlimited bandwidth at max speed, pay the low residential rate and offer it to your neighbors, just like some kids go to daycare and assume access to lots of toys means the toys are all theirs. Even under dialup, your phone company and ISP were free to enforce rules against constant connectivity, even if yours didn't. Your ISP has got to make money to stay in business too, it's OK for them to set policies on shared resources. You must be living in USA, UK or Australia. Here, in central europe ALL wired broadband plans are unlimited and this is considered a standard. Of course mobile/wireless ones are always limited, but i guess that's normal & understandable. It seems that in some things, "developing" countries are more advanced than "developed" countries. Curious. |
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The CIA is just a bunch of inefficient bureaucrats. If they are trying to end Bitcoin, it's going to be as hilarious and inane as what they did in Cuba. They are just a bunch of pretentious old men flailing in tax money.
Perhaps, but they still can put a bullet in your head and get away with it. Also they potentially posess large amounts of money which allow them to manipulate everything. Yes, the government does effective things with large amounts of money. http://www.businessweek.com/news/2011-11-17/solyndra-funds-mostly-lost-to-taxpayers-chu-tells-lawmakers.htmlThey can attempt to do something but it's just going to be inanely hilarious as history as shown. The CIA is a pitiful joke. They couldn't kill Castro much less a virtual currency. Maybe they want you to think that they are incompetent. Also, there may be other government agencies, which are more effective. The point is, if the CIA is aware of Bitcoin, all the other "shady" government agencies surely are. How can you for even a second fall for this kind of shit?
From my point of view, there is at least 96% probability that this is an obvious hoax. However, you always have to consider all the possibilities. Even the least probable. |
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The CIA is just a bunch of inefficient bureaucrats. If they are trying to end Bitcoin, it's going to be as hilarious and inane as what they did in Cuba. They are just a bunch of pretentious old men flailing in tax money.
Perhaps, but they still can put a bullet in your head and get away with it. Also they potentially posess large amounts of money which allows them to manipulate everything. |
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On a recent survey about Bitcoin I found a person who admitted that it's his job to destroy Bitcoin within a team of people, probably to protect the current financial system:
"It's my job to assist in the destruction of the Bitcoin network. Currently we are researching various methods that will be used to attack the network in the near future. Previous attacks have resulted in price drops, but we will not be content until Bitcoin has been driven completely underground to a very small amount of fanatics with no chance of taking off into the main stream financial world."
"I want the network destroyed. It's not personal, this is just a requirement of the project for which I have been assigned to."
What would you like to see in the future of bitcoin in general?
Answer: "More bank account closures on the exchanges"
I would not be surprised at all if that was the truth, since CIA openly admitted their interest in Bitcoin, which means one of tho things: they either want to use it for their dirty buisnesses, or they want to destroy it. However I need some proof to verify this as "legit" than text from some forum user who could be God knows who... @Mageant: How do we know you are not working for CIA conducting a psychology study to find out how will we behave if you tell us this ? You never know...  However, this would actually also prove that they themselves are looking for ways to manipulate this community into doing what they want... Tricky thing this conspiracies are, indeed. |
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when bitcoin.pl lost all their funds, they were up the next day and trading at 3/4 their previous volume.
Just a small correction, that was bitomat.pl you are talking about. Point is that people don't do shit. They will always keep using untrustworthy shoddy services.
Unfortunately that is soooooo correct.  This is the direct reason of why monopolies & shady buisnesses exist. Because they gained critical mass required for network effect. And when "everybody" uses something, people just don't give a duck about the risks. Typical herd behavior. |
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I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.
do you ever think mtgox would go this route? I think it is possible that any of the exchanges could do this, but it takes A LOT of money. At this time, I doubt any of the exchanges have enough money to do this. Roger, My problem with that is that the system is somewhat rigged. I believe that no matter if an exchange or a bitcoin bank did meet the qualifications it still would be denied... they are not going to allow Mt.Gox or Flexcoin to become an "FDIC member bank" Best regards, Roger +1 We have to fight our way through, there is a very high probability that it will not be possible to cooperate with the establishment. Bitcoin is the new gold standard. Establishment hates gold, because it is harder to manipulate it and steal from general public using inflation. |
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................................
If a bank starts accepting Bitcoins it means we have already won and further resistance by the banks is futile.
+1  We are the BitBorg. Abolish your currencies and surrender your banks. We will add your economical and technological distinctiveness to our own. Your economy will adapt to service us. Resistance is futile. |
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Yeah, we had a bubble, it bursted, we lived through.
It was kinda obvious that this would happen and many people were saying that over and over again.
Now, can such useless topics as this be closed after they become totally & absolutely offtopic ?
I mean what is the point of existance of such a long offtopicked topics ? Does anybody even bother to read through them ? I seriously doubt so.
Perhaps all topics that are completely "used", should have their discussion moved to another [EMPTY] topic with changed title ?
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Inflation is the result of a monetary base growing FASTER than underlying economy.
Deflation is the result of the monetary base growing SLOWER than the underlying economy.
This is exactly what I said, using different words. I also said that in certain special circumstances (as when economy is shrinking while money supply is stable), there a natural inflation can occur. But AFAIK from history, i don't remember it ever happening in the last 100-200 years, and this is why i called it "special circumstances". |
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Inflation is the loss of purchasing power per unit, period. I know you are probably one of those "don't confuse me with the facts" people but 2 BTC bought a lot more two months ago, regardless of exchanging it for fiat. That is called inflation.
You can't measure inflation over a period as short as 2 months and with a single metric. What you experienced was volatility. Inflation is a persistent and general rise in price of goods and services. You can not conclusively point to inflation for a change in exchange rate of BTC in a 2 month window. Compared to 12 months prior the purchasing power of BTC is much higher today. So are we experiencing deflation? You have no idea what you are talking about. Inflation IS printing money. Printing money IS inflation. If you don't print money, the average price of everything will not rise in the long term (because when money supply is fixed, and number of goods is increasing, light deflation is a natural thing) , unless there are some special circumstances. This is why gold is ALWAYS rising in the long term - because the supply is rising very slowly, while number of goods which you can buy for it rises much faster (as we are producing more and more faster and faster). |
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So you are actually serious about writing the software completely from scratch ?
As I've said several times before: I don't care how the software is built. It would be fine to make a bunch of modifications to SMF or any other software. OK sorry, misunderstood. |
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Yeah, in short, I produced the private keys offline, printed them once, wiped the drive. Wiped with cp /dev/zero /dev/sda twice.
I heard some time ago that FBI/CIA stated that they can read data from hard drives that has been zero-filled once or twice. Perhaps you should do it few more times, with random data every time instead of just zeros. |
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