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I may be wrong but is bitcoin the first example of a currency being directly related to energy consumption?
The currency value depends on a distributed network that depends on miners that depends on energy. Seems to me that as bitcoin becomes more accepted this relationship will become more important. Any others concur before I spill my guts on the possibilities?
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I'd be interested in a course with a bit more math. One similar to the cryptology course on coursera but focusing on bitcoin. By the end of the course I would want to be able to code my own coin.
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I'd be interested in a course with a bit more math. One similar to the cryptology course on coursera but focusing on bitcoin. By the end of the course I would want to be able to code my own coin.
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rsjWgUVRCyhm8AC3dQJgQ4EoQuNnYifEGQ
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I had tears in my eyes laughing...great work!
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muahahah victory.
Sold to BTCBUDDY1 FOR .15 BITCOINS! Please sent deposit to: 19yNoiAXSrWubjD7DfgzZ31BPugYKsBCrq Once sent PM me and I will give you all the details you need to take over. |
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can you give traffic stats and registered users stats?
Approx 1300 registered users...anywhere from 20-100 unique hits per day. Auction ends at 10pm EST tonight. Current winning bid: .01 Bitcoins....NO RESERVE  |
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Fully established reputation, been up since 2011. Alot easier to build off of this than starting your own. I'm tired of running it...
Bidding starts at .01 bitcoins, no reserve.
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Bump...I am open to absolutely any offers. Try me |
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Actually I've been fiddling with the thought of a bitcoin penny auction for a while now.
Site layout is cool, but there are a few changes I would make.
How much are you looking to get for the site?
Make me an offer? I was hoping to get 4 bitcoins OBO |
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Any stats you can share? Visitors? Ad traffic?
Traffic is way down because no auction have been posted in about a month, but I would average 50-100 unique visitors a day when I had auctions posted. I had no ads on site but I'm sure I could have made money from them. I will give anyone a 2 week money back guarantee on this website. If your not happy with the product, I will refund your bitcoins for whatever reason. |
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Mokimarket.com is a fully established penny auction website and the only one that accepts bitcoins.
A motivated individual could easily transform it into a great site. I no longer have the time to devote to the project. Accepting any offers.
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Has anybody sucessfully transferred cash to BTC-E? It is easier to deposit money there than on Gox?
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How about a coin that disappears if it is not spent after a certain amount of time.
This would encourage transactional use of the coin instead of hoarding.
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The larger the prime gets, the greater distance you would have between blocks. This week, it might be an hour next week, a day or two. In a month you may not see a block for a month.
If you increase the payout accordingly it could still be worth it though, right? Huh? Each block in bitcoin and most alt chains that I am aware of, place transactions into a block. A block happens in BTC, every 10 minutes. In prime coin, blocks could be months apart... what do you do with all of the transactions? Another good point is who confirms them? Look at the GIMPS project http://www.mersenne.org/They are excited if they find one mersenne prime a year... and they have tons of people contributing power to the project. Although not as big as Bitcoin, it takes a long time. And then it takes a day or two to verify. SHA256 is different for proof of work. It is VERY hard for me to find the next block by myself. Without ASICs pretty much impossible. However, on a tiny little Intel Atom, I can verify every single block in the block chain, processing hundreds of blocks per minute. You can't do the same with very large prime numbers. That makes sense: SHa256 is a hard to solve easy to verify problem; while Finding large prime numbers is a hard to solve hard to verify problem. Maybe you make it so that all numbers are coins, however those that someone can find factors of are no longer valid coins and if you find the factors of a coin that is claimed to be prime you get a reward. So lets say I claim large number "x" is a new prime number. Miners have an incentive to prove that it is not by trying tons of factors to verify that it is not prime. Lets say if a factor is not found for a new number in "t" amount of time it can be assumed to be safely prime and that number can be spent. As long as miners have not found a factors of the numbers you've stake, your claim of a prime number coin remains valid. |
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I don't think implementing prime coin as a currency is feasible. If you want to help find primes you can contribute your CPU or GPU power to a BOINC project.
Ok, it was mainly just a speculation, thought it would be a cool idea since it would be easy for people to understand how to create more coins and would give monetary incentive to contributors to mathematical research |
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How would the network confirm that the number is prime? That's a huge mathematical problem.
You pay miners to verify that new prime candidate is actually prime. They get rewarded with coins for each sucessfull verification. |
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Just a concept, but would it possible to create a coin base on prime number. Where each new prime number discovered on system creates a new coin?
So at the beginning it would be really easy to make coins: 2,3,5...and obviously an infinite possibility of coins exists but new coins will be determined on the ability to find new largest prime numbers.
If such a coin existed there would be a gold rush of mathematicians trying to find larger and larger primes. I dunno if this is even possible...anybody?
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I was basically giving them away for free (1 to 2 bidders) when the price was low.
If I get interest from several users. I'll post some for the weekend.
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