You mean the miners decided to skim the cream from off our cake as prices started to go up
and then attempted to lock us in.

Looks like spending more and more money just so machines could keep competing against
each other in a pointless race didn't quite workout for them

Avoid block-chains if you can when looking for alt-coins because evolution will
push them all out in the long term and if a small amount of semi decentralized
servers are needed then forget about something cooked up in academia and run
with it because in the real world that's how things work.  

You seem to be in danger of thinking for yourself !

Are you talking about real P2P wallets that uses some type of autonomous currency unit
that I can send direct to your wallet so you can validate the coin is real using cryptography

Will need a type of DNS service so that i can find your public address but the DNS Type servers
would have no control what so ever about the data that is exchanged and Tor already does
something a bit like this to resolve onion addresses on the network to hidden sites.

Forget mining new coins like we do now because General Electric designed the plan
with the help of GPU video card manufactures so that they could get rich

L@@K Mining is not a democracy and has turned into a monopoly so that ten big players now control 90% of
all transactions and if someone was silly enough to join a pool that pays next to naff all then that is there fault not mine.

Fees at start of year were about $0.01 and today they are $40.00 + so you defend them all you like but I am not buying
any of it.

"Do any of you people actually know how bitcoin works"

Yes lots of wasted energy reeving the cars engine without putting the car in gear and miners
trying to win coins by buying bigger and bigger rigs.

Since you know how BTC works (bet he does not program for a living) then you will understand
when i say that the active thought put of BTC transactions is a mere 14Kbs but if you have trouble
working it out then ask and I will help you

 

if you like high fees and poor exchange rates then use Coinbase but expect "Technical errors" if the price
of BTC is moving fast and to wait ten days using SEPA to move money from Coinbase and back to your own
bank account.

You also risk not being paid out on forks or having to wait to access the money because like
you say " transactions take place off the blockchain "

Did I tell you how they scammed me out of $10 ? Well never mind, many others are telling the same story

Yes i will join your boycott but yesterday I had to pay an extortion fee of $25 to move coins from
Coinbase to my Jaxx wallet to ensure that I get in on the Segwit2x fork on the 28th of December
that seems to be hidden in the news we get feed to us.

It might be a scam, well hot air but it would be good if the fork was real and the price of X2B
was going up when i looked so who knows.

Well done OP, top marks for thinking outside the box and yes it sounds like a good plan to me.

Longer term the miners (Ten big names) need to be taught a lesson and we need a system that
does not become a hostage to them ever again like we are today.

Clearly decentralized is not working as it was designed to work and not just because of miners but also
Coinbase and Co.

Surly we just need software running on something similar to what we call miners today that
will allow selling and buying without having to use Coinbase and then we can get back to having an
exchange rate that remains the same across the globe.

The car we are running is a lemon, we need a new one.  

Most charts are concerned with miners and so is 90% of the code that does a lot of PoW and
is about reeving the cars engine without going anywhere and this is not something I want
to learn too much about because it is obvious that it won't be here to stay

1. Only 7 transactions a second
2. Wastes GPP/CPU Power
3. Wastes electrical energy
4. Mega high transaction costs.

VISA-Card works without Pow and is fifty times faster and can deal with 25,000 TPS
so we just need a system a bit like this that we own and control instead of the bankers plus
the rip off miners that have proven to be even worse than the bankers

In other words the king has no clothes on.
  

No your are cheery picking and lots of people said 10-12k and were right but you are just as guilty in trying to pump it back up
so cut the "FUD" and try dealing in facts and not pure speculation.

Please share insider information if you have some or facts I can understand and check myself
and i will be your best friend here.

But people were saying just the same thing as prices were dipping slightly back from $19,000 the other day
and then they got washed out as prices got close to $10,000

I like slot machines with five wheels, what says you

You only make money when you sell and get the money back in to your
bank account so what coins have you been selling today out of interest or
are you talking about the hypothetical profit and have you factored in
huge transaction fees if trading BTC.

GDAX has price at $15,401 and YoBIT $16,249

Yes i know GDAX tends to have bigger trade amounts but the gap between the two seems high
so why is that and why can I not just buy on GDAX and then sell on YoBIT and be left over with
a profit.

That's a bit like saying that it get warmer at night

90KWH of electric just to write 250 bytes of data into a ledger was fine with the enigma machine used in WWII but not today 

Yes, yes and yes

We are wasting electrical and CPU power with the block-chain and most of the software
is concerned with making miners rich and is not any used for people that buy these coin
or those that want to do anything useful with then.

$55 in transaction fees on a system that can only do 7 transactions a second
is a total joke and will ensure the leafs fall off the tulip much faster than they should

Total real data processing speed for BTC is 14Kbs if you care to check the maths

satoshi, err sorry god to a few people around here needs a good slapping around the head because he designed
a system that solved one problem and created many more that we are just starting to see.

What size did he think the ledger would become if just one billion people out of seven did one transaction a day ?

if all this data could fit into a single database (it cannot) then what size did he calculate the index would be given that paged
indexes are quite slow and given the terabytes of data would need replicating for a decentralized system then how
on earth did he ever think it would scale given that to calculate if a wallet owns the coins each previous input to the
transaction would need to be located from disk file or the DB and processed which results in something called
tree walking in DB terms.

We have 90KWH of electric needed to just process one transaction at about 250 bytes in size and it costs $1-2000 of electric alone just to mine one
digital coin so does he like the sound of cars reviving the engine and going nowhere or something or does today's current
speed of a mere seven transactions a second impress him because he works for general electric.

Sorry people but the king has no clothes on but if you like this block-chain (Linked list) so much then
maybe you should try going in the nude too because a single AS400 could perform more work then all
the BTC hardware put together and costing billions in chips and power consumption needed to handle what we
have today (200gb data) and that's without having to clock the chips. 

250 bytes * 7 = 1750 bytes or 14kbs which is slower than any modem I can remember and me and the internet go back a long time.

Academia has pulled the wool over your eyes, wake up

 

Well you have done better than me if you managed to talk to any nodes on port 8333 using sockets and code you wrote yourself.

I just wanted to sent of a TCP byte stream to make a request to return other nodes on the network and didn't get anywhere after a day of trying

Are you just using RPC to talk to the local node and then letting that do all the work because I don't want to run a full node
on the machine but from what I have seen it would be easier to give birth to an elephant than do the little job that i wanted to do.

The damage from the fees will already had been done in a few months and lots of people will had jumped ship by then
and Bitcoin was about being decentralized and not having ten big names doing 90% of mining and transactions like we
have today.

We seem to have a cancer in the system that needs to be cut out but i guess this is all part of the learning process and then lets
see what these brokers and miners do with all that hardware they have going spare.

Internal war we can do without

I read the little advert in the footer of your post and was using Tor for years, loved it and even ran exit nodes at times
and even added code to a proxy server that would speed Tor up by sending some requests direct and some via Tor
because as you know it's dead slow.

That was until the day that a dedicated machine I was using to screen scrape a web-site via Tor picked up
a WannaCry virus that then encrypted all my files just about and left ransom notes all over the place asking
for payment via Bitcoin.

I used a remote terminal to monitor the machine from time to time and was not browsing or automating
a browser on the machine so can you guess where i think I picked the virus up from ?

My firewall blocks the DDOS but this attack got past me and now you know as much as i know but it's
very rare that i use Tor these days

Well i wanted to build contracts for ETH and charge people gas for using the contract much like I could
write using .Net web-services that could be deployed on ETH nodes that would fit the bill just fine but i was thinking
more like a service that could make calls out to HTTP web servers to validate credit card details or something

I am not sure but i don't think this is possible and ETH contracts are more about just storing strings or numbers
in a distributed system and charging "Gas" for doing so which makes it more like a global abacus in my book even if it used locks and ledgers
that is designed to make more profit for the miners/nodes

Please someone step in if you believe that i am wrong and put me right

What i would like to see is a type of contract/program that can be deployed and then used as a type of VPN or proxy-server
that uses credits or gas to ensure people using the service can only get free resources on the network if they are also
providing services to the network which could be anything from hosting a database to allowing others to share their
internet connection of even earned by helping other networks with mining coins.

if someone has not built this type of thing already then they soon will me thinks but it might well need a number
of centralized coordinators much like Bit-Torrent to work because trying to store even a small amount of data for
7.5bn people on 50,000 distributed machines all replicating each others is something that has already been tried out
and it does not scale, wastes resources but web-sites held on such a system like I have outlined here would be almost
impossible to DDOS. Throw in a few fall-over servers that charge extra gas in an emergency and you start to get a stable system.

This is the reason BTC can only process 7 transactions a second and VISA-Card can do 25,000 a second but the
penny is not dropping yet with the Bitcoin community 

The contract might run on ETH but the tokens could be for pig-ear-coins and using ETH to store arrays would cost lots of gas to run the contract.

I don't know much but it looks to me like lots of code is missing here or it is missing an include file

uint256 is some type of patch-up they use for now with strings and you have to cast them back in client code from
what i remember.

Time stamps are in seconds from 1/1/1970 by the looks of it

for (uint i = 0; i < len; i++) {

'i' is not used i don't think and

address to = buyers;

should read i think more like

address to = buyers open-bracket i close bracket // BBCode removes brackets when i post

Not sure where the claimed[] array comes from

My abacus is a real utility and BTC does not offer a service to host contracts (Little ledgers looking to earn gas, not real programs)
like ETH so i am not sure what you mean unless your trying to assign value to the coins because it took a lot of CPU power and
electricity to make one via mining

I am thinking about writing a program that will count all the black pixies in hundreds of images that I will download
from google because the number generated must have value if it took terra-flops of processing power to derive at the
final result.

Bitcoin will be going if they don't address the issue I have raised and not only get the transaction speed up but get the
costs back down by a factor of about 2500

7 Transactions a second, well I could do that on a 48k ZX-Spectrum without breaking out to cutting machine-code