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June 22, 2024, 05:43:42 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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161  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Bitcoin XT an alt-coin that rewards with free coins current bitcoin users? on: August 16, 2015, 11:07:36 PM
Can XBTC have any value after the 21 mil coins have been mined?
If it has no market for fees ( no transaction limit ) there is no incentive for miners to secure the network.
Am i wrong ?
Best Regards

Core and XT are virtually the same, other than the increased block size, and some fixes, so afaik there's no difference in mining.

Actually after the fork we are going to see interesting things as, as if I had 1 BTC before the fork I'll have 1 BTC and 1 XBTC after the fork with the same value. So, I can trade both for let's say LTC and when the war ended I'll have 2 BTC/XBTC worth LTC Smiley. Pretty straightforward way to double my holdings for free Wink

Not exactly; if we assume that the fork actually happens, which means over 75% of the network is on XT fork, you would have to find a service/exchange that's on
original core version in order to spend core bitcoins, which i am certain operators will find a way to prevent.

It is envisioned that over time the cumulative effect of collecting transaction fees will allow somebody creating new blocks to "earn" more bitcoins than will be mined from new bitcoins created by the new block itself. This is also an incentive to keep trying to create new blocks even if the value of the newly created block from the mining activity is zero in the far future.


162  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Bitcoin XT an alt-coin that rewards with free coins current bitcoin users? on: August 16, 2015, 09:32:16 PM
Can XBTC have any value after the 21 mil coins have been mined?
If it has no market for fees ( no transaction limit ) there is no incentive for miners to secure the network.


Am i wrong ?


Best Regards
163  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Bitcoin XT an alt-coin that rewards with free coins current bitcoin users? on: August 16, 2015, 08:44:25 PM
Hello, you haven't understood right. There will be no free coins for the people running XT. Same balance you have in your core wallet for example, you will have in your XT wallet if you switch over. So don't let this thinking make you switch clients, thinking that you will get free coins, this will not happen.

I don't run any clients, I'm not a miner, but i have some BTC i have bought.
When XBTC fork happens will i have same ammount as BTC ?

Best Regards
164  Alternate cryptocurrencies / Altcoin Discussion / Is Bitcoin XT an alt-coin that rewards with free coins current bitcoin users? on: August 16, 2015, 08:02:58 PM
From what i understand reading this forum:
1. Bitcoin XT is an alt-coin  that rewards with free coins curent bitcoint users matching XBTC with BTC adresses before the fork
2. After the fork the 2 will be separate coins each with it's own blockchain

What do you think?


Best Regards
165  Economy / Services / Re: knolix.com Signature Campaign - Realtime Payouts (daily) on: June 09, 2015, 06:19:01 PM
the system is set to autopay based on results. just have to insert your email and btc address to get instant payments
166  Economy / Services / Re: knolix.com Signature Campaign - Realtime Payouts (daily) on: June 09, 2015, 06:05:42 PM
only interested in signature campaigns for this thread.

What are avarage prices for signature campaigns ?

Best Regards
167  Economy / Services / knolix.com Signature Campaign - Realtime Payouts (daily) on: June 09, 2015, 05:38:51 PM
Looking for a couple of members who can help in promoting http://www.knolix.com/53b3373bb7635/

The system is invite only

Best Regards
168  Bitcoin / Development & Technical Discussion / Re: Increase the network speed vs block size without a fork - Posible ? on: June 07, 2015, 05:30:34 PM
I think most software rely on a clock and if you trick the clock 10 minutes runs faster it might work without changing the protocol, but the miners must agree on the speed.

I might be wrong but maybe it's worth considering


Best Regards
169  Bitcoin / Development & Technical Discussion / Increase the network speed vs block size without a fork - Posible ? on: June 07, 2015, 04:43:56 PM
Is it posible to make every block faster then 10 minutes without forking bitcoin ?

If posible how would that work out ?


Best Regards
170  Bitcoin / Bitcoin Discussion / Re: Why would miners change to 20MB blocks if they are geting revenues from fees ? on: June 06, 2015, 01:11:52 PM
Can miners change the block size from current software without updating to new version if the all agree on block size ?
171  Bitcoin / Bitcoin Discussion / Why would miners change to 20MB blocks if they are geting revenues from fees ? on: June 06, 2015, 12:24:03 PM
Why would miners change to 20MB blocks if they are geting revenues from fees?
If they don't change they will have more revenue as consumers will be forced to higher fees
172  Bitcoin / Bitcoin Discussion / Re: Which comes first: Halving or max transactions exceeded? on: June 06, 2015, 12:07:52 PM
With the 20MB per block limit, definetely the block reward halving of course.
That's the idea of why the limit per block is so high: it's a long term "fix".
But with 1MB there's chance to be a block that is fully filled before the halving.

Halving is mid 2016. and we're at mid 2015 with avg block size of over 900KB!

^ These figures are a bit different to what I remember

Halving is estimated to be around 2016 July
Source: http://bitcoinclock.com

Average block size is ranging from 0.35M to 0.45M
Source: https://blockchain.info/charts/avg-block-size?timespan=180days

and there is no need for bad language in discussions  Wink

Average isn't the max.
We can't wait to the Average to be 1MB. Even if the Average was 750KB it would be bad, it would be a signal that some blocks on critical times are being fully filled.


I think even if we reach Avarage of 1MB and no fork happens bitcoin won't suffer will just test what will hapen when the 21 mil cap is reach and the fees are the only revenue for miners who support the network
173  Bitcoin / Bitcoin Discussion / Re: Which comes first: Halving or max transactions exceeded? on: June 05, 2015, 02:50:04 AM
Satoshi built Bitcoin, the currency we all use and love.

He selected the supply cap, the inflation rate, the mining algorithm, etc., etc. Let's not forget, he also selected Gavin. And Gavin is more important than the 21 million bitcoin cap. So if you want to throw Gavin under the bus, you might as well throw everything else there too.  


Some of us might hate bitcoin if it lose us money

I would rather throw the 21 mil then Gavin ofcourse humans are more important then money.


But about 10 from the 21 mil it's mine and i want to know what i got into Smiley
174  Bitcoin / Bitcoin Discussion / Re: Which comes first: Halving or max transactions exceeded? on: June 05, 2015, 02:22:48 AM
Is the 20 MB blocksize increase planned for bouth bitcoin and gavin coin ?
175  Bitcoin / Bitcoin Discussion / Which comes first: Halving or max transactions exceeded? on: June 05, 2015, 02:00:17 AM
What do you guys think ?
176  Economy / Investor-based games / Re: ★Btc-GoldMine - New faucet 288,000 Shatoshi per day! 20% Referral★250% Profilt★ on: May 25, 2015, 06:06:41 PM
it looks like it's over Sad
lost 0.5 BTC

I think admin is same guy as btc-flow.com
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