Has anyone ever won the lottery? I mean someone from here that is a trusted member not a newbie coming and saying they hit? I don't buy very many times besides the ones that i get from collecting the free btc and the ones i get from wagering from time to time. I've made a few mill in deposit with never any success. So i gave up the idea of playing there and actually having a shot at winning.
The lottery is a good idea but i always just assume its one of the owners alts as you never really know who wins.
Do the math 85 lottery draws x 10 winners = 850 + 9 { 3 lottery draws has 3 winners in the beginning } = 859 winners and NONE of those winners has come to this forum to report on it. {even after they have received a email from the owner, asking them to report it here on this forum, with a link to this thread} Strange? Your assumption is shared with many others too, but we have no data to work with, only common sense. ^smile^ |
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It would help if you can give us some more information on what you can offer in skills. The Alt coins discussion is here, https://bitcointalk.org/index.php?board=67.0 if you are specifically interested in Alt coin matters. Do you want to be part of the development or promotion or marketing side of this? What experience do you have? ^smile^ |
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Thanks for explaining that.
Welcome to the forum, OP You do not have to be associated with these companies to sign up for their signature campaign, but it helps if you promote their service in a good manner with constructive posting. The more attention drawn to your post, will increase exposure to their business. You will also have to adhere to their rules on how they want you to post and where they want you to post. ^hmmmm^ |
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Tournaments with a prize would be the only kind of buy-in I could see working. Plus it would have the added benefit of getting people all online at the same time.
Not necessarily, because you want evenly spread use over a longer period. So the solution would be to have "mini" tournaments created by the users and managed electronically by the host. A bunch of people will start a tournament <different time zones> and then people signup for it, and the host manage the entry fees. The site holds the fees, and on completion they subtract their share for "hosting" the tournament and pay out the balance to the winner. ^smile^ |
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Ok, answer this question OP : We all know, miners fees must replace Block rewards in the future. If we encourage people to use other Alt coins for "dust" transactions, then how would Bitcoin mining be sustainable in the future?
If scaling solutions allowed for 1 000 000's of small transactions, then Block rewards will not even be worth it anymore, but people are more focused on short term, quick profits with limited amounts of transactions with high fees. ^hmmmmmm^
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It will go on like this, until a proper scaling solution are in place. The people behind these spam attacks will spam the Blockchain, and then the Mempool will create a backlog. The users will increase their miners fees and the greedy miners will come in to save the day and collect all those "increased" fees.
The Block reward is not enough payment, they want more and more and more. ^hmmmmmmm^
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Has this ever happened before?
Private Key Hacked by brute force We are working on this now. We are devising an algorithm that exploits certain weaknesses to get to address keys. More on this later. The scientific answer to your question is 'Yes'. But it is challenging. The Master troll at work again, so just ignore him. The next thing he will do is to direct you to his master list of hacked private keys. ^fake^ Just test him and create 100 or 1000 bitcoin addresses and send it to him, so that they can prove that they found 1 single private key out of the lot. You will wait forever, because it cannot be done. The logical answer to your question is `No` because it is basically impossible. The day when they break ECDSA or SHA256 or RIPEMD160 algorithms, the whole financial system will collapse, because most of their systems are based on it too. ^smile^ |
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Hahahahahahhaha. I must be fucking rich. I just spent like 15 cents on a transaction. Only peasants spend 5 cents. Holy shit it's like anything else in the world, higher fees will take priority. There's no rich or poor it's just being a cheap bastard vs paying what you need to for the TX to go h in a decent amount of time. You can still pay your 20 sat/byte. Just don't expect it to be a priority transaction. Fuck you whiney butches are annoying. It's still the cheapest way to send money. Let us know if you find a 100% efficient method to send coins overseas with a zero fee that can be produced millions of times.
Arrogance is surely one of your strong points, you must be an American. ^lol^ Bitcoin is not just about remittance, you idiot, it is a payment network. If we wanted free transactions, we can sign up with Xapo or one of those services that offer off-chain solutions, but then we have to sacrifice privacy and security. < centralized service are less secure & and has to adhere to AML/KYC regulations > At this stage, even M-Pesa is looking better than Bitcoin. The whiney bitches < or butches?> of the world, will fill your big pockets even more, because there are billions of them out there. < but I reckon, they are supposed to be excluded, because they do not count? > |
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The situation with the Blockchain lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP.
Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^
Idk, recommended miner fees as of now are still low (ranging from 30 cents) compared to credit cards that have processing fees of like $5 above. If bitcoin favors the rich then fees should be skyrocketing with like $2 per transaction. Agreed, but at the rate it is going now we will soon see those prices. The $0.30 US can buy a loaf of bread in say, Afghanistan at $0.24 <2014> See : http://www.nationmaster.com/country-info/stats/Cost-of-living/Prices-at-markets/Loaf-of-bread/Fresh,-white My point is, the whole system is engineered to favor the rich and if you are getting paid in US dollar, then $0.30 would not be a problem. Bitcoin is supposed to be a <cheaper> alternative P2P cash payment network, but it is not. The majority of the poor people will transfer small amounts. So this adds up to a lot of money if you stack these transactions up and when you convert it to a local <3rd world> currency. < Example : 5 tx's per day @ $0.30 per tx = $1.50 x 30 days = $45 monthly = 187 loafs of bread in Afghanistan > <== You can feed a whole village on that. Do not think in terms of 1st world currencies, when you think of Bitcoin fees, because there is a world of difference between 1st world & 3rd world currencies and what you can buy for say $0.30. |
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The situation with the Blockchain < higher miners fees> lately, reminds me of the Air line industry. If you are rich, you can pay for first class treatment and you advance past the plebs in the queue, directly to the VIP area. Money <higher miners fees> will make sure that you are treated like a VIP. This is how the Blockchain is for poor people :  And this is what it is like to have enough money to pay the higher fees :  The poor people cannot even afford to fly in economy class, so they will have to be satisfied with this :  Bitcoin is no different than any other technology, because it still favors the rich. ^hmmmmmmm^ Edit : For the people who are too lazy to read the content of the thread, we are talking about the miners fees, not about the price of Bitcoin. ^grrrrrrr^ |
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We can set the fee on blockchain as we wish, cant we? Means that if we want to get faster transaction so we need to set higher fee.
What if most of the people will do that? Do you think it will still goes to a "fast transaction"? Setting high fees doesn't mean you will get a fast confirmation but rather you are increasing the chance that you will be on the priority list. Since there are people who also sets a much higher fees than usual, the line of priority list is just getting longer so nothing to do but wait even you applied a much higher fees. Visualize this : You have a queue system, where you pay a fee to stand in the queue. The higher fee you pay, the better chance you have to advance to the front. The rich people will be helped first and the poor people will have to wait. Is this really what we want for Bitcoin? If everyone starts paying higher fees, then there are still only one queue with the same capacity and everyone will be waiting. ^hmmmmmm^ |
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Guys and gals stay calm, OP might have checked the status of the transaction with Blockchain.info and there seems to be a delay between what the actual status is and what Blockchain.info says it is. This is why I stopped using Blockchain.info and switched to https://blockexplorer.com/ Just glad your transaction went through after all, and thank you for still being a loyal Bitcoiner. ^smile^ |
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It is, if you want the transaction recorded on the Blockchain and later to be used as evidence against you. You may use mixer services, but the authorities are hunting down these services and you might end up explaining these actions in a court of law.
The mixer service in my signature says no records or logs are kept of all transactions going through their service, but bribery are wrong and should not be done, so I would advise against it.
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Well most smaller companies and merchants work through payment processors and these payment processors eliminate almost all risk for these companies, because all bitcoins received as a payment are directly converted to fiat. So in this way the price drop does not influence these companies.
These companies can also stipulate that only a percentage of the coins must be converted back to fiat, to give them the option to profit from price increases. ^smile^
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We know Hal Finney was involved with Bitcoin in the early days and we know he died. I think Satoshi and Finney worked together on Bitcoin and when Finney died and Gavin was approached by the government, Satoshi got spooked. The private keys for those coins was recorded, but it was worth a few pennies and they did not bother to keep it, because it was seen as part of a experiment.
The Satoshi millions are lost forever ^smile^
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Im assuming OP meant the blockchain wallet. I use both blockchain and bitcoin core wallet and it seems the only thing that makes any difference on confirmation speed is the transaction fee. Usually 100k fee will do it for me (within 10 minutes for confirmation most of the time) but 50k for when im low on bitcoin (20 min to hour average).
Nope some people use online wallets at a site called Blockchain.info and they are struggling with confirmations. I have also picked up, that Blockchain.info is also slow to update what happens on the Blockchain. If I use blockexplorer.com it shows a up to date situation, but Blockchain.info shows old information. You should just use https://bitcoinfees.21.co to calculate the fees for you. |
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Damn I missed it, will have to watch this thread like a hawk from now on. This is the first time someone made it rain in a thread like this. Congrats to engineer-lucky with that huge win. We should have more people like this, sharing their fortune when they get lucky. ^rain^
Make it rain ^smile^
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Mining isn't decentralized anymore and it sucks as the vision of bitcoin was to have a fully decentralized currency without one majority party ruling / having a considerable amount of power when it came to bitcoin.
The vision? Whose vision? Yours? Certainly not the vision of the person that created it: - snip -
If the network becomes very large, like over 100,000 nodes, SPV is what we'll use to allow common users to do transactions without being full blown nodes. At that stage, most users should start running client-only software and only the specialist server farms keep running full network nodes, kind of like how the usenet network has consolidated.
- snip -
- snip -
I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it's not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions.
At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.
The current system where every user is a network node is not the intended configuration for large scale.
- snip -
The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
- snip -
Emphasis added by me.You know, the more I read about Satoshi, the more admiration I have for his vision. He saw the future, before it happened and he was spot on. We have huge server farms and client nodes, just like he predicted. I wonder what he would have done with the Blockstream guys, if they submitted SegWit and the Lightning Network, when he/she was still around. < Blockstream might not even be around, if Satoshi was here > I hate the direction where this is going, but Satoshi has built in consensus as part of his design to prevent hostile takeovers, so we should just ride this out. ^hmmmmmm^ |
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Bitcoin volatility are closely linked to hype and fud that are spread in the media. A small group of people trade on exchanges and they have a bunch of coins. If something happens and the hype train gets going, this small group of people panic and they over react in most cases.
Once a bunch of them starts to dump, the bots kicks in and you get a huge drop in the price. The solution would be, to get more people to trade and distribution of all coins to be spread more evenly, so when something like this happens, you would see a smaller impact.
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For one thing, once the information is entered and submitted to the Blockchain, it cannot be tampered with, and we know how records are being tampered with in all industries. The Blockchain should also be used to record and track warrants and evidence in law enforcement agencies. < A private Blockchain > because many cases are thrown out of courts, because warrants and evidence are lost. < You can also keep track of who handled these documents >
This initiative would most probably be a private Blockchain. ^hmmmmmm^
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