If we change how blocks are verified and mined, and that is done with a bug included, it could lead to massive damage for the Bitcoin network as a whole since verification is everything.
Why are you using the pronoun WE? What part of the Bitcoin code have you contributed? ... you're feeding it  |
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One more question - will the new database discard spent addresses? Some places says it will, some says it will not. I am confused. What will happen to clients that rely on downloading the complete transaction history and verify all blocks and transactions in them on-the-way, like 0.3.xx does?
Please just read the thread in the dev forum about it. I think it was this one https://bitcointalk.org/index.php?topic=119525.0 |
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In my opinion, you didn't seem to have a strong grasp of how bitcoin works technically, and it made me almost uneasy to think you are on the board of TBF. I'm sure you know how it works better than I do, but this interview did not expose that fact.
In my opinion he does, and his comments were sometime way over his audience could understand, you could see it on their faces. You made any interview lately LightRider? |
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Good news. We have figured out a solution to this problem. Bitmit is not going to be sold. Business as usual =)
I am sorry for the insecurity this may have caused.
Great news |
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Yes. However, to save downloading, you may provide -loadblock=DATA_DIR/blk0001.dat -loadblock=DATA_DIR/blk0002.dat
to import the old data files into the new bitcoin database backend (ultraprune/leveldb). * "DATA_DIR" should be replaced with the directory where your blockchain was stored in <= 0.7.1. Excellent work. +1 Will test |
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Atlas, that is the blockchain prune you prick!  Peter is working for almost a year on it, so you better start learning how to read code and don't spend you energy on stupid threads like this one. In the future "the literate" could be only the people who know how to read and write computer code, the rest will still believe in withes and magic like they always did. |
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Is really nice what people can do...
What speed does it get?
and can you mine on the Gpu of it or is it only Cpu?
 trolololo is it strange I asked that or something? (Im still a noob in mining, so I may ask stupid questions...  ) Lol, both questions were kind of stupid yeah What speed does it get? It gets to the maximum of BFL Single, +800 Mh/s, as the phone only acts as a controlling device, where the actual miner is functioning. and can you mine on the Gpu of it or is it only Cpu? None actually, is the BFL's FPGA that is mining away. You could say some mining is made on the Android phone CPU because the miner that handles all the operation is working on it, but no actual hash calculations are carried on the phone. Hope it helps. |
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Deflation has practical consequences. Who would invest on "real world" companies on GLBSE if You can expect more profits from the rising value of the BTC.
This is one of the many benefits of Bitcoin. You don't need to invest to maintain your wealth, you invest for profits. The result is businesses that fulfill society's needs will profit and those that don't fail. (People's needs aren't going away they just won't need as much c#@p.) The net benefit is people planet and profit and now we have a self regulating system, and a production driven economy, the economic benefits of the throw away society start eroding. A fixed money supply has far reaching environmental benefits too. this can't be +1ed enough. +1 The TL;DR of Bitcoin as a whole |
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... Bored are we.  Kind of... meow |
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...pathetic excuses...
^This is not Clipse, maybe another member of Team Ponzi? |
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...
problem: it's being handled like chernobyl
^Made my day  |
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Don't mix things up, bitmit is not selling the products only providing the platform for sellers and buyers to meet and trade. Bitcoins don't have a legal status right now, so they are to be treated as local currency on any specific platform any given time. What I mean is BTC can be treated as bitmit currency for paying the products, so without them "remitting" internally there would be no exchange of goods.
You are pulling that opinions from your arse, without any backup or previous ruling in any jurisdiction. Are you a lawyer or regulator, or did you talk with any ? Nonsense. I'm none of that, this is only my personal opinion after talking with various people on the issue and none of them knew better, even though some of the make a living at giving legal advice. Bitcoins currently are magic cards for any legal entity, so, can you prove otherwise? |
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I would try Rugatu for any logo making, there are many graphic designers hanging around there and they will be more than happy to help if the reward is in sight. |
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Sadly this is true.. If someone is interested in buying the site feel free to contact us ( support@bitmit.net) Any details on what new regulations are motivating the closure, pretty please? Financial supervision requires special licences for businesses which holds customer funds Have you guys checked out gov.hk on MSO? From the FAQ : What is the definition of a Money Service Operator (“MSO”)? A person who or an institution which operates a money changing service or a remittance service is a Money Service Operator. Do this apply for a ecommerce site like Bitmit ? Have you read the thread? They say the problems arise from them keeping their users funds for escrow purposes. For me that is equivalent to a "remittance service", send money from point A to point B securely. Off course that operation is not instant, for escrow purposes, but it doesn't mean to be a whole new concept overall. Yes, I read the whole thread. You say that "escrow service" and "remittance service" are equivalent. Any backup for that, or just saying ? I can also say that a car seller is a "remittance service". Don't mix things up, bitmit is not selling the products only providing the platform for sellers and buyers to meet and trade. Bitcoins don't have a legal status right now, so they are to be treated as local currency on any specific platform any given time. What I mean is BTC can be treated as bitmit currency for paying the products, so without them "remitting" internally there would be no exchange of goods. |
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Sadly this is true.. If someone is interested in buying the site feel free to contact us ( support@bitmit.net) Any details on what new regulations are motivating the closure, pretty please? Financial supervision requires special licences for businesses which holds customer funds Have you guys checked out gov.hk on MSO? From the FAQ : What is the definition of a Money Service Operator (“MSO”)? A person who or an institution which operates a money changing service or a remittance service is a Money Service Operator. Do this apply for a ecommerce site like Bitmit ? Have you read the thread? They say the problems arise from them keeping their users funds for escrow purposes. For me that is equivalent to a "remittance service", send money from point A to point B securely. Off course that operation is not instant, for escrow purposes, but it doesn't mean to be a whole new concept overall. |
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Branching off of this a little, you can mark it as payment owed, and then have them write a little note saying that they have received their product, everything is as described, and this is for payment owed.
Or better yet, have them mark it as payment owed for a service, and then think up of some stupid service that you could have done.
I haven't had experience with that way but it looks like it works Or you could register as Self-employed with paypal and send an invoice to your buyers, that includes the fees and taxes you pay in your state. If you happen to have a rogue client that charges back, paypal takes the hit without even telling you about it, they have that covered with the hefty fees all their users have to pay. I know this because is the only way I sold bitcoins over paypal in the last few months and my account is still in good standing, even though I was not sure of some of the sales. Btw, make sure you declare and pay your taxes as IRS can cross reference some info paypal provides about businesses using their platform. There you have it, a way to sell bitcoins for paypal without risk of fraud, for the bitcoin sellers off course.Scrape that, you can still suffer from reversed payments. |
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why are there many empty Quote's in this thread? Shh, we're keeping the silence, rip bitHopper |
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