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1121  Bitcoin / Bitcoin Discussion / Re: How to accept payments without having the address attached to you forever? on: August 29, 2015, 03:34:56 AM
send to kraken, wait 24h, retrieve BTC after = cleaned fund, no track.

be smart. Grin

Kraken keeps every of your wallet address

I remember that a Swedish exchange was forced to hand out user's transaction history, they even fight to the court to protect user privacy but the court ruling is that they must cooperate with police and tax authority
1122  Bitcoin / Hardware / Re: KNCMINER Jupiter Hardware Repairs on: August 29, 2015, 03:27:33 AM
Get a Neptune instead  Cheesy



i would if i could, but they are still overprice secondhand in my opinion, however the ones that seem to be in my price zone looked like they were ran ragged. They probably have dead vrms and/or cores as well and i don't want anyone elses trash basically.

However, i have free power currently, so i have been snatching up Jupiter modules at bargain basement prices on ebay right now. Once i get this next batch of limpy modules up (need a 6 port controller...ahh ebay), that should bring me up to around 4 TH/sec...that is 24 Jupiter modules!  Cool And let me tell you, that room with those running in it is HOT HOT HOT! lol

It is also nice to know that the controllers i have been getting work with the neptunes as well, so if any fall in my lap sometime in the future, i will be able to get those going right out the gate.

What a difference, I have one box of bonus neptune that has never opened because of no extra space, if you are in sweden I can sell to you but don't want to mail it, too heavy
1123  Bitcoin / Bitcoin Discussion / Re: BIP 100 is an unbalance. Here's why. on: August 29, 2015, 01:37:29 AM
I have noticed that even at today's average 400kb per block transaction data, the synchronization is already painfully slow on a normal PC if you missed several weeks of data. 8MB block will make most of the commercially available computer unable to catch up with the network. The problem is not on the network bandwidth, CPU just can not finish verifying a large block in 10 minutes before the next one arrives
1124  Bitcoin / Bitcoin Discussion / Re: BIP100 gives miners too much power. Everyone should reconsider it on: August 29, 2015, 01:22:39 AM
BIP100 encourage everyone to get themselves a mining rig. If you have a miner, you could point it to the pool that support the solution you like
No, it does not. Just buying a mining rig to vote, will cost you a lot of money without getting real power, since there are just too many well-organized miners and your hashing power doesn't matter.

Of course it matters. Suppose that there are 100K home and garage miners, each of them averagely have 1T hash power, they are totaling 100P hash which is more than 1/4 of the network hash, and their number will grow with more and more industry mining operations fall apart due to unprofitable operation. Those miners will move their hash power between different pools to reflect their opinion

Home miners are not profit oriented, mostly treat it like a game, this is their biggest advantage over speculative mining farms

Hash power is your vote in the bitcoin ecosystem, just like a voting ticket, but it is not one vote per person, so rich people will get more vote, that is a fact. Anyway better than current monetary system where you definitely have no right to vote anything
Why should I suppose some fantasy numbers? Fact is, that mining is expensive and I doubt there will be a big number of people doing it at a big loss, just so they can vote for the blocksize.
The only incentive here is an ideological one and that is just not enough.

These are not fansy numbers, but a very conservative estimation, I guess the real numbers is much higher than this. If you look at early days of mining, many people treat this as a hobby/game and they pay lots of money/time to play with the hardware/software, continuously build up the network hash power. And later, there are others with long term plan, treating mining as infrastructure investment towards a global financial system. They all contributed lots of time and money in the process, thus of course hold more rights to vote for the future of the system

The real ideology is to change the rules of a global financial system by just talking  Grin
1125  Bitcoin / Bitcoin Discussion / Re: How to accept payments without having the address attached to you forever? on: August 28, 2015, 03:02:43 PM
You can always use a web wallet address directly, where all the receiving funds are mixed in their hot/cold wallet

Strictly speak, this feature is what all the money launderers most desired, and not a good future for bitcoin since that will result in much harsh regulation from governments




1126  Bitcoin / Bitcoin Discussion / Re: BIP100 gives miners too much power. Everyone should reconsider it on: August 28, 2015, 02:40:24 PM
silliness,

letting miners agree to a block limit of  1MB - 32MB is not "giving miners too much power"

what are they going to do with this power besides make sure block limit is always about twice as much as avg block size?

So let the miners collude to lower the block size and artificially raise the fees for their own profit? I am mistaken or the incentives are VERY badly aligned?

Miners would first care about if their action will cause people lose trust in bitcoin and destroy its value
1127  Bitcoin / Bitcoin Discussion / Re: BIP100 gives miners too much power. Everyone should reconsider it on: August 28, 2015, 02:25:48 PM
BIP100 encourage everyone to get themselves a mining rig. If you have a miner, you could point it to the pool that support the solution you like
No, it does not. Just buying a mining rig to vote, will cost you a lot of money without getting real power, since there are just too many well-organized miners and your hashing power doesn't matter.

Of course it matters. Suppose that there are 100K home and garage miners, each of them averagely have 1T hash power, they are totaling 100P hash which is more than 1/4 of the network hash, and their number will grow with more and more industry mining operations fall apart due to unprofitable operation. Those miners will move their hash power between different pools to reflect their opinion

Home miners are not profit oriented, mostly treat it like a game, this is their biggest advantage over speculative mining farms

Hash power is your vote in the bitcoin ecosystem, just like a voting ticket, but it is not one vote per person, so rich people will get more vote, that is a fact. Anyway better than current monetary system where you definitely have no right to vote anything
1128  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: August 28, 2015, 01:48:54 PM
I found out that reduce the Neptune voltage by 3-4 steps and lower the frequency to 375 Mhz will make the efficiency close to 0.5w/gh, and you can use a very quiet fan while still keep the DC temp below 70c
1129  Bitcoin / Hardware wallets / Re: Trezor vs. paper wallets. on: August 28, 2015, 01:40:52 PM
Both are not fire resistant but at least paper wallet is shock resistant  Grin

1130  Bitcoin / Bitcoin Discussion / Re: BIP100 gives miners too much power. Everyone should reconsider it on: August 28, 2015, 01:34:33 PM
BIP100 encourage everyone to get themselves a mining rig. If you have a miner, you could point it to the pool that support the solution you like
1131  Bitcoin / Bitcoin Discussion / Re: What's the purpose of the Bitcoin Foundation as of August 2015 ? on: August 28, 2015, 01:28:25 PM
TBF use a traditional centralized organization model to work with bitcoin thus it never had a clear goal, decision making power is not in the management of the foundation but in core devs and miners
1132  Bitcoin / Bitcoin Discussion / Re: Describe BITCOIN in ONE word. on: August 28, 2015, 01:21:49 PM
Awaken

Enlightenment
1133  Bitcoin / Hardware / Re: KNCMINER Jupiter Hardware Repairs on: August 28, 2015, 02:37:34 AM
Get a Neptune instead  Cheesy

1134  Economy / Economics / Re: What can greece central bank do? on: August 28, 2015, 02:03:47 AM

Finland is with Euro,nordic country,thay are now facing very deep crisis

Much better for any country is to manage his own monetary policy

I heard that from a few years back Finnish people are no longer learning swedish in their school, traditionally they all learn swedish in school and talks good swedish. Maybe they would start to learn German some years later
1135  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: August 27, 2015, 09:19:54 PM

The question is: Why change at all when it works?

The stress test weeks ago already showed that even every block is full, the network still works well, since most of the people are long term holder and are not time sensitive. Of course there will be a time when even 0.001 BTC fee can not get you a confirmation in 10 minutes, but we are far from reaching that yet

Have you tried to make a transactions during that stress test? Mines got back logged 1-2h before getting a confirmation with standard fee. Increasing the fees doesn't adds up capacity btw.  

I have multiple things running and I did not feel any difference during that stress test. My mining rigs still ran, my node's mempool grew too large so I added a "minrelaytxfee=0.0001" line to get it back to normal. I constantly deposit and withdraw coins from other exchanges and online wallets and did not experienced any delay. So I guess only a few of nodes were impacted in case they did not set the corresponding anti-spam configuration

What could cause difficulty is that a large institution like bank trying to push in 0.01BTC fee for each transaction, and broadcast 2000 transactions per block, thus anyone paying less than 0.01BTC fee will not get a chance to be broadcasted. But that will cost over 17 million dollar per month for a bank to do that at current exchange rate. The block reward from fee will become 20 bitcoin, and it would still not stop any transactions larger than 1 BTC, since 0.01 BTC fee is just 1% fee for a 1 BTC transaction





1136  Bitcoin / Bitcoin Discussion / Re: Experiment - Achieving consensus where there is disagreement on: August 27, 2015, 08:57:40 PM
say there is a new BIP,
3 BIPs
dev say hey lets ask the miners again
everyone votes,
votes are: 31% 31% 32%
devs say "fuck it lets go with BIP100"
they all agree " fine lets go with it"
the change is implemented
price goes up
miners are happy.
everyone is happy!

so it really depends

75% is wonderful.

if your vote is not 75% you answered the question incorrectly, please try again.  Wink


Gold never changes in thousands of years. If bitcoin is to become the new digital gold, it should have similar properties: Immune to human's influence

Basically the bitcoin's fundamental principles are all set, so in principle any BIP should be rejected unless reaching 100% consensus. If bitcoin really have some problem, then consensus will reach to improve it
1137  Bitcoin / Bitcoin Discussion / Re: Bitcoin? Call the police! on: August 27, 2015, 08:38:27 PM
Anything that has nothing to do with money laundering, drugs, child pornography and weapons is not money
1138  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: August 27, 2015, 12:07:47 PM
Just read some Tesla news. I feel that this XT branch is very similar to electric cars, although they are the future, but people have a large inertia to stay at current status

Why do so many people paint this situation as "XT vs the status quo?" That's part of the problem. There are other solutions than BIP 101 (let alone XT), so what's with this perpetual misinformed characterization?

BIP 100 came before BIP 101, ya know....

The question is: Why change at all when it works?

The stress test weeks ago already showed that even every block is full, the network still works well, since most of the people are long term holder and are not time sensitive. Of course there will be a time when even 0.001 BTC fee can not get you a confirmation in 10 minutes, but we are far from reaching that yet
1139  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: August 27, 2015, 04:16:24 AM
Just read some Tesla news. I feel that this XT branch is very similar to electric cars, although they are the future, but people have a large inertia to stay at current status, and gas is getting cheaper and cheaper, so unless the government force the gasoline engine to quit market (they must use global warming as an excuse), it just can not go mainstream due to its terrible charging time (time is the most valuable resource for anyone)
1140  Bitcoin / Press / Re: [2015-09-26 redstate] It's time to ban Bitcoin. on: August 27, 2015, 03:55:19 AM
90% of these articles are written by women, and the rest are scholars, they can not live without the protect of authorities
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