Just paying my respects to Satoshi. Great entity, great idea, sadly bitcoin is damaged and will probably die unless a hard fork happens.
Nonsense. I wish it was non-sense sadly it isn't... You are free to create your own forked version of bitcoin-qt client in five minutes and use it in the current network to broadcast/relay transactions, nobody can stop you, it's exactly what Bitcoin is all about. If some developers are able to change things in the way many people here imagined, nobody would have used Bitcoin in the first place. But miners can stop the transaction from being put into the block... and people can stop relaying the transaction. Oh, like how they have declared your block is "orphaned" from time to time? Big news. I have some other news for you: there is already a way to circumvent the current 0.8.1 hardcoded transaction fee policy without causing a hard-fork like you said, https://en.bitcoin.it/wiki/Free_transaction_relay_policy check it out. No no no, the hard fork is so we take the power out of the current dev team... LMFAO, at any second in the last 4 years you could have done that, no one could have stopped you, you go ahead. BTW: If miners install the current dev team's client like you said it's essentially a vote of confidence, so what's that taking power out you talked about? |
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Just paying my respects to Satoshi. Great entity, great idea, sadly bitcoin is damaged and will probably die unless a hard fork happens.
Nonsense. I wish it was non-sense sadly it isn't... You are free to create your own forked version of bitcoin-qt client in five minutes and use it in the current network to broadcast/relay transactions, nobody can stop you, it's exactly what Bitcoin is all about. If some developers are able to change things in the way many people here imagined, nobody would have used Bitcoin in the first place. But miners can stop the transaction from being put into the block... and people can stop relaying the transaction. Oh, like how they have declared your block is "orphaned" from time to time? Big news. I have some other news for you: there is already a way to circumvent the current 0.8.1 hardcoded transaction fee policy without causing a hard-fork like you said, https://en.bitcoin.it/wiki/Free_transaction_relay_policy check it out. |
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Just paying my respects to Satoshi. Great entity, great idea, sadly bitcoin is damaged and will probably die unless a hard fork happens.
Nonsense. I wish it was non-sense sadly it isn't... You are free to create your own forked version of bitcoin-qt client in five minutes and use it in the current network to broadcast/relay transactions, nobody can stop you, it's exactly what Bitcoin is all about. If some developers are able to change things in the way many people here imagined, nobody would have used Bitcoin in the first place. |
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Just paying my respects to Satoshi. Great entity, great idea, sadly bitcoin is damaged and will probably die unless a hard fork happens.
Nonsense. |
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I think the facts that people have overlooked is that this change is 100% optional and there is no need for a fork if you don't want it. If (for example) Blockchain.info and one of the major mining pools were convinced to not accept this change, then the change would be irrelevant to you, and only people using the Bitcoin-qt client would be affected.
This talk about Gavin being or acting like a dictator is nonsense. Gavin and team write bitcoin software. They don't dictate anything. Anybody can write bitcoin software. If you don't like the software that they write, then you can come up with better software and convince all the sheeple to use it.
I'm concerned that this outcry demonstrates that even people in the Bitcoin community really want a centralized currency, and that is bad news for Bitcoin.
Especially given that this is something which only takes a few lines of change to be undone, the kind of whining around here probably says a lot more about the whiners rather than the developers, that they may not really care about the well-being of the network but want to spread FUDs instead. |
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Why not just make a fork? I think it's just one or two lines of code, so should be easily done.
It's open source. Fork away. Though the consequence is that you remain at a higher, hardcoded fee level, and people will still dump megabytes worth of non-currency data into the blockchain (wikileaks cables etc.). Exactly what I meant. It's all democratic so people should just stop whining and fork away, and the network will vote by foot. |
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Why not just make a fork? I think it's just one or two lines of code, so should be easily done.
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What we need is someone forking the source code, with the only difference being the transaction limit, should be very easy to do.
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Chinese government likes bitcoin for the same reasons it likes precious metals. They want to bring wealth into the country.
And China will promote anything tha hurts us dollars dominance over the world. If I had to bet, China gov will support Bitcoin as long as it helps bring down dollar dominance and then turn strongly against it if that ever happens. Bear in mind that China's vast foreign reserves are largely denominated in US dollars. They're likely not as keen as you think to see them drop in value. They have written off their paper $ assets already - there is no way they can get anything for 1 Trillion of bonds and money anywhere. They will use it any way they see fit. Actually, if they can inject just $1 billion into this market it will explode, which is pocket change for them. |
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Not all Chinese are that stupid. OP spoke like we will support a crap altcoin simply because it has got "CHN" in its name, no we won't.
your right of course, but there are so many Chinese, that only a very small % are needed, also, has asort of gambling angle to it, and whoever did the CNC coin has themselves about 100K to 1 Million USD by now 100K to 1 million is by no means a Zerg rush. Besides, there is an inherent risk associated with being a copycat of Bitcoin--you have to survive at the mercy of people like Luke-Jr, if some of the Bitcoiners get irritated enough and decide to 51% you with their spared GPU mining rig, you are done. It's actually why Bitcoin is unique and not just replaceable with any altcoin. |
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So does the old Berkeley DB bug still affect Litecoin?
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Not all Chinese are that stupid. OP spoke like we will support a crap altcoin simply because it has got "CHN" in its name, no we won't.
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To me the fact that some guy owning such an apartment is trying to grab a large amount of bitcoins by doing it in the techkiddy way is way more interesting than the condo itself.
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Thanks. The ICP is the crux of the issue with the hosting at the moment. We're working on it.... red tape is enormous and we don't want to rock the boat too early.
understandable. so where will you be putting those servers? if you're serving the mainland, then this is critical (us and eu are really out of the question) i've done extensive testing in hong kong and singapore (still need to test from taiwan) hong kong had the best performance, but signapore had the best infrastructure. On the blockchain.info api... Let's see. It will be costing me more than self hosting since they charge transaction fees on moves. The record to date of people running their own isn't great. I'm prepared to fall back on my own.
no it is not. but there in lies the challenge. not a c programmer so i can't make any sense of bitcoind, but check out bitcoinj as well as bitcoinjs-server. True. I began with a set of VPSes in Japan, but actually found connection to west-coast US much better. I think a lot of locals use nearby VPSes as proxies (I know I do), and so connections, particularly https, seem to be getting throttled and blocked more often. I got blocked due to someone else on my same IP range -- didn't bode well. Serving through CDN, I see sub-1-second page loads over 3G to W coast US. All assets will be served from CDN edge locations so it should be OK. How that scales to full-time trading will be the real test though. For comparison, BTCChina, when not behind CloudFlare, seems to be on an east-coast Linode. For the Bitcoin server -- I looked; we began with a self-hosted solution. However, the only secure way I am really comfortable with is a dedicated server under my own control -- even whole-disk encryption means nothing on a VPS. The intermediate code is relatively backend-agnostic, so I can always go back to that route if needs be. Will possibly be adding alt currencies down the road, so would need to self-host anyway. I think the biggest draw for blockchain.info is that we plan to market it as a secure solution -- are new users more likely to trust a(nother) new exchange, or one of the biggest players on the block? I know where my money would go. It will help me sleep at night too... I guess you will have to get your site online while waiting for the ICP, that's what people normally do. |
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The CCTV programme is not any sort of official endorsement of Bitcoin. I think China is "wait and see"-ing, just like most other govts around the world. To be honest, the more exposure it gets, the more likely it is that some old grey person in some nook or cranny of the govt will decide to crack down on it.
Nice increase in downloads, but it will likely not have a significant impact on the price. BTC is not new in China among the young/tech-savvy audience.
That said, there is an exciting opportunity to capture the less tech-savvy public. Chinese *like* investing. IME, it's not like in the West, where few people trade stocks directly -- many Chinese from all walks of life are heavily into the stock market, and will lap up the opportunity to participate in a pump.
I am not really interested in the relation between this news and the price, but what long-term effect a growing bitcoin client userbase may have. |
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24k Bitcoin-QT download? WTF?! No more than 1.5k daily before the program aired. |
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Chinese government likes bitcoin for the same reasons it likes precious metals. They want to bring wealth into the country.
And China will promote anything tha hurts us dollars dominance over the world. If I had to bet, China gov will support Bitcoin as long as it helps bring down dollar dominance and then turn strongly against it if that ever happens. They have never turned against gold. All that requires, I think, is for the top leaders to really "get" it, to understand that it's as neutral as gold which is not the product of some western conspiracies(the prevailing narrative on Chinese social network right now, what a bunch of brainwashed idiots) against CCP and even better, with China's nearly unrivalled mining potential they can just play by the rule and reap the benefits. Bear in mind that China's vast foreign reserves are largely denominated in US dollars. They're likely not as keen as you think to see them drop in value.
Yes but it's a PITA any they are trying to do everything to diversify, that's why they have proposed to use IMF's special drawing right as a world reserve currency in 2009. |
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 perhaps i spoke too soon -- had mini heart attack when i saw this  i naturally assumed coinlab had blown up mt.gox and all was lost -- i'm way, way overexposed in btc; don't want to have to hit those mean streets again  Payment has never been a problem, you have no idea how Bitcoin-friendly Alipay(every Chinese network user uses it) is, compares to Paypal, at least until now.
Think of BTCChina as another BTC-e, no public relation and never felt the need to do it.
the question was raised before -- is alipay reversable like paypal? i know EVERYONE uses it, however, i never have (always wanted to try out taobao) Centralized systems are always reversible, I think there is no exception. The reason I feel safe about using Alipay is that they are way too large to notice the Bitcoin economy growing on it, even if they crack down on one exchange people can always switch to something else, we have been buying VPNs for circumventing GFW after years of government prohibition hardly with any problem.I am actually more worried about an exchange default atm. |
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perhaps i spoke too soon -- had mini heart attack when i saw this Why? Because you can arbitrage to make more than 500% profit? |
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