Nice work Mike  |
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awesome! where did that come from? I saw the link on IRC and though I should share, didn't ask where it came from |
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 Does anyone know? Please send BTC1 to 1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac and I will look into it |
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Ok, new data, will recalc everything: - probability of getting struck by lightning in any given year: 1/280000.
- probability of taking a shit at any given point in time: 1/(60*24) = 1/1440 (assuming you take a crap every day and the actual process takes 1 minute)
- probability of getting struck by lightning while taking a crap in any given year: 1/(280000*1440) = 1/1.47E11 = 2.48E-9
- probability of taking a crap while being in a situation where being struck by lightning can actually occur = 1/1440 = 0.25 = 1.74E-4
- probability of finding a collision: 1E-65
- getting hit by lightning while taking a crap for how many years in a row is equally probable as finding a collision: log(1E-65) / log(1.74E-4) = 17.3
is my math roughly correct now? If so, I can say: "Finding a collision is about as likely as being struck by lightning while taking a crap every year for 17 years in a row". You, good sir, have surely created the new standard of explaining address collision probability to noobs. I will refer to your great work in any instance I'm asked this question. +1 great work, will save for future reference |
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Pero tampoco me toméis muy en serio porque todo esto no son más que elucubraciones mentales mías.  Yo digo que tomemos muy en serio a LuisCar. Excelente análisis! El tio es un maquina, a ver si encuentro tiempo y me explica toda la teoria tomandonos una cerveza estos dias. |
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My favorite comment:
"There will be 21million bitcoins one day. There are ~5 billions ounces of above ground gold. Make the calculation.
ONE bitcoin's scarcity is higher than 230 ounces of gold.
This is nothing short of the asymmetric bet of the decade."
That is a bit unfair, he could have compared bitcoins "above ground", currently 10.3M, or approximately estimate the remaining "below ground" gold on all Earth and compare with the precise number of bitcoins that will ever exist. Then, ONE bitcoin's scarcity then is higher than ~485 ounces of gold. |
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Do you need some help setting up mysql cacheing and the memcached daemon on your vps?
BTW, just few hours ago I called hosting's admin and he suggested the same (memcached)  So I will try to enable it for CoinURL scripts. Unfortunately I have no root access to the hosting's server and support don't work at weekends, therefore I could be able to deploy changes only on beginning of next week. Got it, until then you probably need to optimize the platform's code to properly use caching. Here is the best guide I found. I remind you that if you're code isn't optimized memcached would do very little or not work at all, but if you do it you could gain between 65-70% in server's performance. Keep us updated  |
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Server online again!
Overloaded and slow as the speed of turned off light. Do you need some help setting up mysql cacheing and the memcached daemon on your vps? Shot me a pm if you do. |
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I only have 0.052
Check again, I think you'll find you now have twice as much Looks like u just now donated him! Yep, seems so  Let's start a chain 77013c27... |
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You could just 'inflate away' the gains of early adopters.
To do this just make the block reward a function of difficulty.
(e.g. block reward = difficulty / exp (time in years * -0.3).
The expectation here is that difficulty halves about every two years due to Moore's Law. With this system you get the same USD from mining regardless of when you begin hoarding coins.
It doesn't matter when you adopt. Money printing prevents the price from rising.
A problem is that the price will fall after a decline in usage. To solve this you can charge a mandatory 0.1% txn fee on all sent inputs and destroy the txn fees.
Thus if you print too much, then you solve that by printing almost nothing and mopping up excess currency.
With both of these rules, price should be very stable over time. There is no longer any motivation to use the currency as an investment.
[Note: I am not advocating this coin. There is no motive for initial adoption. Fair or not, it would never get off the ground.]
It might be a good idea to do the following, however:
(e.g. block reward = difficulty^0.5 / exp (time in years * -0.3).
This would spread out the early adoption process over a longer time span. The early adopters still get bigger rewards, but the contrast is not as dramatic. More rewards are shared with later adopters.
This avoids the psychological problem: early adopters rich, would-be adopters poor -> would-be adopters have sour grapes -> would-be adopters reject bitcoin due to 'unfairness'
The coins of course have persistent inflation, but that is implicit in the idea of not rewarding early adopters heavily.
Would-be adopters could have opened their ears a little more when early adopters "preached" the bitcoin to them. Now they can have some bits at a fair price, or go elsewhere and start Inflatacoin. |
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paraipan, are you familiar with Eric Hammond's fantastic blog Alestic with many useful AWS tips and scripts. I been using a version of this script to back my master and replication databases daily and hourly for years. http://alestic.com/2012/02/ec2-consistent-snapshot-on-githubIt it database specific but it may point you in the right direction. I will look into it right now, thank you Edit: It worked, thanks BCB. Now I have to figure out how can I delete the snapshots regularly. Say hi on Rugatu and the reward is yours, can't take it back now. |
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...
I was just kidding. In reality perhaps she should be charged with reckless endangerment for taking a blind shot?
Sometimes I have troubles understanding other peers, who's side you're on? The guy was already trespassing a private property, and the girl knew there wasn't any other family member in the house. She used her other senses to decide when to pull the trigger like her hearing for example, which I assume you don't have after seeing such comments. |
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^ In your dreams |
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Question time...
Why do you need a casascius coin? If these are developers they going to want to see the API, software, examples of things built and being successful.
Also this is a general question not just picking on you, but once in awhile someone comes along and goes "HEY GUYS, I am giving a talk donate." Isn't this what testnet is for? I think same things can be accomplished by showing off the testnet instead of real bitcoins, it is there for a reason.
+1 I think it would be more interesting for any developer to see the real potential of bitcoin and the tools they can use to implement it in any of their apps, just my personal opinion. Casascius coins are not meant for trading purposes, more like long term saving. How about using some existent online resources to show off? https://en.bitcoin.it/wiki/PHP_developer_introhttps://bitpay.com/bitcoin-payment-gateway-apiIf you have a smartphone, you could use a mobile wallet and demonstrate how easy it is to pay on any website with a mobile phone. Btw, I will donate if you can come up with a nice plan on how you would do it. |
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Un detalle... he visto hace un rato, que ya hay gente re-vendiendo sus ASIC....
Jalapeños, que BFL vende en 130euros, se estan re-vendiendo en 200...
Eso me indica, que la mineria tiene vida para mucho tiempo mas.
La mineria basada en GPU estara muerta, pero no la mineria en general.
S2
Ya veo, pero a mi me indica todo lo contrario... estafa |
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