After installing Bitcoin Core, I keep getting an "out of memory" error message while the blockchain updates. Then it closes the program. Im using a 4 TB external hard drive on Windows 10. Any suggestions?
Memory is RAM. How much does your system have? What version of Bitcoin Core? |
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You were extremely stupid to believe anything written here. You were extremely stupid to suggest it to her. She was even more stupid to follow through on it.
That's if any of it actually happened of course.
This. If you believed that "it will only go up" and any other nonsense, you haven't watched bitcoin since 2009. Overall it has gone up, but certainly not in a straight line. And the rule has always been that you shouldn't invest more than you could afford to lose: bitcoin is either going to be worth a whole lot in a decade or very little, it is somewhat of a binary proposition. Looking at this in terms of weeks or months is not the way to do so. This is something that may take years (it has already been 8+ years) or it might only take months. No one knows, so don't believe people who act as if they do. If the OP's post is true. |
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This guy needs an editor and The Wealth of Nations  I’d ask him: How do you value internet domain names? Real undeveloped property? |
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That's a distinction without a difference. You're saying people can ignore updated software, people can ignore notifications as well.
As you probably are aware, anyone is welcome to fork Bitcoin Core and re-add the Alert System to it - even the code is out there to re-merge. Provide the multi-sig keys to whatever group you deem trustworthy, publish that list, and then convince the people who run nodes that the Alert System is a positive for them and have them use your fork. If indeed it is a good idea, then I suspect that many nodes would update to the Alert System fork since it doesn't involve a blockchain fork or changes to consensus rules. If people do not believe that it is a useful feature, then they won't use that fork. As an alternative, you could easily write some very simple software that does this and this alone and convince people who run nodes to run this Alert System software since it would be non-resource intensive. Or just recommend people who run nodes to monitor IRC, forums, reedit, the bitcoin-dev/disc lists etc. |
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I guess they are setting an example for their citizen. I am not sure whether this is a psychological warfare against the bitcoin supporter in China and give fear to them. But this kind of strategy is really effective especially to those who do not want to be compromised of whatever stuff and go against their country. This might be the first step of neutralizing bitcoin supporter in China. Or probably there are criminal cases charged on these people and China needs to stop them from leaving their country. I hope they do not ban them in living in their country It is about control of their people. If the Chinese people have money that is outside of Communist Party control, the government of China loses control. Isn't Bitcoin just about that?  What you wrote does not simply apply to China but to every country/government. Bitcoin is a decentralized protocol. As I've been saying over and over again we are not going MySpace or Napster here. We control cryptographic keys and not Bitcoin. Good luck to them to find about mine. Or theirs, it does not matter. When the mining is spread across many machines, no one machine is telling others what to do. Agreed, that was why China is finally waking up to the fact that it will undermine their power. I won't be surprised to see mining banned too. (Although it might suit their goals better to maintain a huge mining presence in order to destabilize bitcoin as much as possible with various proposals for forks etc). |
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what would happen if most of the bitcoin were owned by a single organization? for states that print their own fiat money, financing to buy "all" bitcoin would be possible.
the state would presumably risk hyperinflation due to the enormous increase of money and bring the bitcoin rate to astronomical values.
but then, when the state is in possession of "all" bitcoin, it can make the circulation of bitcoin quasi succumb. bitcoin dead, population impoverished, mission accomplished.
What if people won't sell it to them? Who is going to be dumb enough to take a hyper-inflating currency in exchange? |
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I guess they are setting an example for their citizen. I am not sure whether this is a psychological warfare against the bitcoin supporter in China and give fear to them. But this kind of strategy is really effective especially to those who do not want to be compromised of whatever stuff and go against their country. This might be the first step of neutralizing bitcoin supporter in China. Or probably there are criminal cases charged on these people and China needs to stop them from leaving their country. I hope they do not ban them in living in their country It is about control of their people. If the Chinese people have money that is outside of Communist Party control, the government of China loses control. |
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Wall Street Jornal already say that the Ban is a TOTAL BAN. Miners will be banned too. Anyone that could mine with old equipment needs to be prepared to help save Bitcoin.
The Chinese miners need to start unloading the old (and current) mining hardware now if that is the case. |
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Do you need the 25000 addresses or can you send all of the coins to one address?
What is the exact problem here?
Can you not just keep making a new wallet, say, add to your script to send the coins to a wallet in another vps/your pc or a cold wallet to empty those addresses and recreate you a new wallet.dat. Storing the old wallet.dat in a different folder under the current date. You only need about a 5sats/byte fee in order to get a confirmation within a few days (I've done it quite a bit with that size fee).
and i want to know how blockchain.info handle all member wallet, what type server they using or how many server they using Like I said above, the reports say they have a database and manage the wallet themselves. They don't use the wallet functionality of Core. You might look at this if you wish to see something similar: https://wildbunny.co.uk/blog/2014/03/18/watch_only_wallet/This is for watching only, but the same logic would apply. It is a few years old, but could be useful. |
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The problem is China banning Bitcoin mining as that will essentially shut down all mining operations in China which consists of a majority of mining on the Bitcoin network.
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I bet the authorities wouldn't ban the sale of asics (at least initially) so many miners would dump them overseas if there was a hint of a ban - or an actual ban. While it wouldn't be a pretty process, over time the mining would spread out across the world. And as is probably obvious, that would be good to geographic diversity. |
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The main one is control of the people of China by limiting their money and consequently their freedom.
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Hi .. i try want to build website with API service provider like block.io so i compile bitcoin-cli daemon in 1 vps. and created 1 vps more for backend using php and i connected with EasyBitcoin . now i have a 25k address in my bitcoin wallet.dat . and now i feel the proccess is slow . what the best technical for this case ?? any help  OK... All these words, but what is your question ? Are you sure you have 25k adresses in your wallet.dat ? Have a look at the github sources documentation about the eventual wallet.dat limitations. If this not a limitation, take care about the validity of all these addresses. yes, now i have 30k addresses in my daemon cli . my question is what is the best solution for handle much addresses in wallet . must be more setup server ?? or what the other solutions ?? thanks Create a database and manage it yourself is probably the best solution |
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"how digital currencies might be regulated."
They can do BARP, the Bitcoin Asset Relief Program, and set a floor of, let's say, $20,000/bitcoin. It would cost FAR less than TARP, would add stability to the market (and would therefore satisfy the SEC regarding ETFs, and let the US Gov participate in the upside like with TARP. JPM etc all participated in TARP, so it must be a smart program.
/sarcasm
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People in China who are selling are doing the exact wrong thing: China wants to control their money to control their people. By panicking now and getting back into fiat they give up the freedom from the communist party. If anything, they should be buying more because it won't be long before they see the value of their fiat inflated away.
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Nice rebuttal. You should trust yourself and the "leaders" should get out of the way so you have the freedom to do so. Anyone who thinks most politicians look out for the best interests of anyone but themselves hasn't been paying attention for the last 10000+ years. Pharaohs, emperors, dictators, and other politicians try to accumulate power for themselves at the expense of everyone else while hiding behind fancy platitudes like that they are working for the people and promising "free" stuff. There are few political leaders and groups who truly say, we don't want power over you, we want to let you be free to do as you wish.
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I remember the same type saying it was a bubble, tulips, ponzis, a scam at $0.10, dollar parity (this in particular), $10, $30 etc. Sucks for them.
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"I philosophically don't believe it's unhackable," he said, adding that he's received pushback from "smart 20-somethings."
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That is about as intelligent as saying, "I philosophically don't believe 2 + 2 equals 4." Or "I philosophically don't believe I can't count to 2^160" [even with computers]. No one cares what you philosophically believe or don't believe, the math and physical reality of existence are what matters. It is just an ignorant statement from someone who is seemingly innumerate. |
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To me this seems quite unlikely given that there is no approved ETF or other vehicle for most managers to use. Managers aren't going to hold coins with private keys for their clients. It is doubtful they'd be buying GBTC given the premium over NAV. LedgerX isn't active yet, so they can't be using options etc.
While the sentiment may be there, the logic behind this being a crowded trade from a Wall Street perspective seems unlikely as of now. If there were an ETF or options available in a SEC etc approved vehicle, I might think it was more fire than smoke. But it seems unlikely.
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I suppose it's better than nothing. Still not the 0.1.5 version I was looking for 
