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1641  Economy / Lending / Re: [EDU] How to spot a scammer (Read this before lending your coins!) on: May 26, 2013, 07:45:03 PM
I'm going to stop updating this list. Nobody ever pays attention to it anyway.


That's not true.

I appreciate you effort.
1642  Economy / Securities / Re: Community Mining - Avalon ASIC chip Miner- 11GH/s on: May 26, 2013, 04:57:45 PM
Orders that can be confirmed by me:

13-05-26:

Avalon ASIC Chips (SebastianJu) - 40 pcs.

13-05-27

Avalon ASIC Chips (t13hydra) - 32 pcs.

13-05-30

Avalon ASIC Chips (t13hydra) - 16 pcs.

13-06-02

Avalon ASIC Chips (t13hydra) - 32 pcs.



Sum: 120 pcs.
1643  Economy / Securities / Re: Community Mining - Avalon ASIC chip Miner- 11GH/s on: May 26, 2013, 04:55:54 PM
Hello ASIC Community Miners.

I have receiced an identity document and a recent bill from Foofighter to the same Person as on the ID including a receiving address. I also will receive the order confirmations.
So if the assembly is ordered and burnin provides order confirmations at his assembly service I can definitely check if he ordered the service or not. The Asic chip buy is already very transparent because Foofighter could provide verified payment addresses for the stated chip orders.

In the case Foofighter scams investor funds, I will provide every investor with Foofighters identity.

As scam I would evaluate a behaviour of Foofighter where damage to his investors is caused on purpose. Examples given:

Foofighter got the miners delivered but doesn't announce it or doesn't make payouts / stops his payouts respectively, is inactive in the forum for over 1 month.
If he announces his absence (vacation or hospital stay) the amount of time will be elongated respectively.

He is inactive in the forum for over 6 months and is also unavailable to reach in general.

I will exclude every circumstance where the chips deliverer or the assembly service of the ASIC devices is to hold accountable and Foofighter has no influence.
Example given:

Avalon doesn't deliver the ASIC chips.

Any circumstances beyond Foofighters control , (eg.: Foofighter house burned down, he gets shut down, the miners get robbed, etc.) in that case Foofighter has to prove that this was really the case.

One or more mining devices get damaged without inappropriate influence through Foofighter and cannot be repaired without additional costs.

The mining is not profitable any more, which means the power costs + the handling fees are higher or equal to the mining outcome, in this case Foofighter can only sell the miners and split the selling revenues proportionally to all investors, or the investors can have their mining device sent home to them depending if the amount of shares they are holding is equal to a full mining device. (this option would require to pay additional shipping and packaging costs which have to be paid by the investor)

Every other matter will be evaluated by common sense.

I have already provided this kind of service for other Projects:

yxts Avalon Gemeinschaftskauf: https://bitcointalk.org/index.php?topic=157128.0;topicseen

The beginning Candoos Avalon Community Mining, now listed as Cado.AvalonB3 on Bitfunder: https://bitcointalk.org/index.php?topic=158935.0

and

Candoos BFL Community Mining: https://bitcointalk.org/index.php?topic=160797.0

*I am personally not involved in this project and neither have I taken any payments from Foofighter or any other involved body, but I reserve the option to invest in this service myself.

** The purpose of this service is only to provide investors with some limited amount of security (Identity of the provider is known) while at the same time enable him to stay anonymous, which is understandable if you plan to host expensive mining equipment.
I don’t guarantee that this service is risk free and/or profitable.

***If somebody quotes this text it will be unchangeable bound to the forum.
1644  Other / Beginners & Help / Re: Help me understand these transactions [0.05 BTC Bounty] on: May 26, 2013, 02:16:28 PM
Aswer is simple, all Outputs are belonging to the person that made the bet.

The 4th address is change.

Bitcoin can always only spend the whole output received in one transaction.

So you have revived 1 BTC to Address A and 1 to Address B.

Now you try to send 1.5 BTC, your client has to spend the whole 2 BTC from both addresses send 1.5 BTC to the reviving address and send 0.5 BTC to a new change address.

See: https://en.bitcoin.it/wiki/Change

Hope that clarifies this for you.


- Why is the Estimated BTC Transacted 0.0100243 instead of 0.01 if this is supposed to be a SatoshiDice transaction?

Blockchain doesn't know the receiving address or the change address, so they are just guessing that the receiving address is the one that receives the higher amount.

- And again, where would SatoshiDice send the winnings if this was a winning bet?

Don't know, I guess they just take the first one of the two, but as they both belong to the same person it doesn't matter.


Send the bounty to: 1BTC1oo1J3MEt5SFj74ZBcF2Mk97Aah4ac
1645  Local / Trading und Spekulation / Re: Bitcoin Zielkurs, wie hoch in einem Jahr? Die zweite on: May 25, 2013, 06:26:18 PM
Ich gehe stark davon aus, dass Bitcoin 2.0 im Gegensatz zu den Shitcoins eine tatsächliche technische Innovation darstellen wird.
Ich fürchte, es wird schlechter sein und eher eine massentaugliche "Verdummung" als "Feature" bieten -  aber EU, Google, Amazon, Facebook, Visa etc. werden es lieben Wink
Wir werden aufschreien, uns verraten fühlen, aber die Masse wird sagen: "wieso, ist doch cool. Und man braucht diese übertriebene Sicherheit, Publickeys, Wallets usw. nicht mehr...".
Ich hoffe ich irre mich... Smiley

Den ersten Fall davon sehen wir doch zurzeit schon mit den Ripples.

Keine Blockchain, Zentral Erstellt mit OpenCoin als "Zentralbank" und im Endeffekt einem Online Login.

Abgesehen davon, aber genauso zu benutzen wie Bitcoin ohne den lästigen Dezentralisierungs- und Sicherheits- Quatsch.

Und genau wie du schreibst fühlen sich einiger hier verraten, fehlt nur noch die Akzeptanz der Masse.
1646  Other / Beginners & Help / Re: A bit skeptical but interested on: May 25, 2013, 05:30:59 PM
You a (very) likely better of just buying some bitcoins.

As Bitcoin matures mining becomes more specialized.

There are dedicated mining devices you can order, but it's by far more riskier than just to buy some coins.
1647  Bitcoin / Development & Technical Discussion / Re: 0.8.2rc1 ready for testing on: May 25, 2013, 05:08:14 PM
There is near-universal agreement that the fee system -- its calculation, presentation to users, and other details -- are in need of revision.  That is one of the goals of 0.9, hopefully.

Will this potential revision get rid of older coins having privilege of paying less (or zero) transaction fees?

If you have a dollar bill printed in 2000 and a dollar bill printed in 2010 why would there be a need to discriminate the latter by attaching a higher cost of transacting with it?

Older coins don't get to pay less. It doesn't matter when you coin was first created. What matters is when your coin was send the last time.

This is only in order to prevent spam (sending the same coin around again and again).

Therefore coins that don't have been moved for a while (1 Bitcoin day) get priority.

That's a fair and useful option IMO. The only ones, that really get a downside from this are the ones that are using high turnover services like Satoshi Dice and it's really fair that these cost a little extra.
1648  Local / Mining (Deutsch) / Re: Fuck You BFL on: May 25, 2013, 01:32:41 PM
Wow!

1. Denen geht das Geld aus und sie brauchen dringend mehr.
2. Mit den gedachten Specs hauts nicht hin und die Jalaps werden so teuer, dass sie Verlust mit jedem machen würden den sie raus schicken.
3. Sie sind ganz nett und bieten dir ein tatsächlich einfach ein Upgrade, da mehr Chips in das jetztige Jalap Design passen würden.


1, 2 oder 3? Ob du wirklich richtig stehst, sag ich wenn das Licht angeht.
1649  Alternate cryptocurrencies / Altcoin Discussion / Re: USCoin - Here's the change! on: May 24, 2013, 10:42:49 PM
And again nothing new or innovative.

Well, have a nice pump & dump, enjoy.
1650  Other / Off-topic / Re: Religious beliefs on bitcoin on: May 24, 2013, 08:42:04 PM
everything will be fine because we have a ministry

ministryofbitcoin.com

In Crypto We Trust
Haha i like this Cheesy

It gets even better: http://www.bitcoinchurch.org/
1651  Local / Deutsch (German) / Re: Finanzamt München zu Versteuerung Spekulationsgewinne mit Bitcoin on: May 24, 2013, 08:30:41 PM
Fu**

26,375%!

Wenn ich dann noch 19% Mehrwertsteuer auf alles was ich kaufe mit einplane zwackt sich der Staat halt einfach mal bald die Hälfte meine Gewinns ab.

Das ist doch echt nicht mehr witzig.  Angry

Davon abgesehen, dass das auch noch unwahrscheinlich kompliziert ist die chronologische Reihenfolge mit allen Preisen auf die Reihe zu bekommen, wenn man nicht von Anfang an alles dokumentiert hat und es einige Börsen bei denen man gekauft hat gar nicht mehr gibt.

Naja, gesetzt dem unwahrscheinlichen Fall, dass meine BTC tatsächlich mal ein Vermögen wert werden heißts dann also ab ins Steuerparadies  oder BTC gegen Cash in der Duty-Free Zone  Tongue
1652  Economy / Service Announcements / Re: [ANN] Open Source - ASICmining (5-10% interest) + 2% Early Bird Bonus on: May 24, 2013, 07:30:20 PM
I agree with yxt here. Pyramining has already shown that with all the risks involved in Mining 10% is a rather bad deal.

I think making the reward floating would be a better way to handle this.

If the project is highly profitable, investors will get more out, if something happens and the difficult goes to the sky they will get less.

A way to archive this would be, f.e. make timed accounts. A account stays active until the initial investment is paid back, at this point a timer starts, keeping it active for additional 6 Month, so everything mined in this 6 month is profit for the investor. After that the hardware is yours.

Or you go immediately the way, that the investor gets the hardware for as long as it remains providable. In comparison you get a percentage for hosting and providing the service.
1653  Other / Beginners & Help / Re: My Bitcoin experience after a few thousand transaction on: May 24, 2013, 03:40:13 PM
The standart transaction fees are actually reduced to the 0.0001 BTC in the new Version of the QT Client. Which is in RC right now, so it will probably come out soon.

For the rest of your cons I agree and I hope that it will become saver in the future to accept 0 confirmation transactions, but actually it is not very risky yet, compared to cargeback risks of other systems.

In the few thousand transactions, where there a single double spend?

Thanks for sharing.
1654  Bitcoin / Bitcoin Discussion / Re: Why does there need to be a limit on amount of transactions? on: May 24, 2013, 02:57:31 PM
Yes, but the longer we wait, the harder it's going to become to gather overwhelming support. You think the average joe is going to care about this?

The average Joe will just see "There is a update available for your Bitcoin Wallet" and just install it. I would rather worry that this will make nefarious changes easier.
1655  Bitcoin / Bitcoin Discussion / Re: Why does there need to be a limit on amount of transactions? on: May 24, 2013, 01:53:36 PM
This is per client?

Sorry, I don't know what you mean?

1. Is this a hard cap in the client?

Yes, the current client would not acceppt blocks > 1 MB as valid and reject them.

2. Are the ~7 Transactions per second per client.

No, that's the (rough) total number of transactions that can be included in a block. If there would be more some would never be confirmed, no matter what fee they would pay.

But this topic has really beaten to death. Read this thread if you want more information about this: https://bitcointalk.org/index.php?topic=140233.0
1656  Bitcoin / Bitcoin Discussion / Re: Why does there need to be a limit on amount of transactions? on: May 24, 2013, 01:32:41 PM
I know this subject has been beaten to death but I still don't understand the technicals.

I would think that amount of transactions can go up with personal computer power. Since personal computer power grows exponentially, can amount of transactions also not increase exponentially?

There is a hard limit in the protocol that doesn't allow for blocks bigger than 1 MB.

Nodes would not accept Blocks that are bigger than 1 Mb and reject it. Changing this would require a hard fork, meaning all current version would not accept blocks of the new version as valid and therefore forking the network between a old version Blockchain and a new version Blockchain.

I also don't understand this expression:
"The block size is an intentionally limited economic resource, just like the 21,000,000-bitcoin limit. Changing that vastly degrades the economics surrounding bitcoin, creating many negative incentives. - Jeff Garzik"

Any help is appreciated.

Meaning that changing that limit would affect Bitcoin in the same way as changing the 21 Mil Coin limit.

Jeff seems to have the opinion that "there will never be more than ~7 transactions per second" is as much a core principle of Bitcoin as "there will never be more then 21 Mil bitcoins" and changing either on of this numbers would destabilize Bitcoin and have people to loose confidence in it and maybe have some other negative effects.
1657  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: May 24, 2013, 12:20:40 PM
Is it true that if you say Atlas's name three times in a row he will appear out of the ether?

Atlas, Atlas, A... I'm scared.

You first.
1658  Bitcoin / Press / Re: 2013-05-23 The Cryonic Bitcoin Mining Machine Is $15,000 Of Pure BTC Power on: May 24, 2013, 11:18:13 AM

above link is broken!

fake news?

Not quite. In the last couple of hours Tech Crunch have pulled the article because the company is a scam operation. It was probably feedback from this forum which alerted them about it.


Link still works for me.

Try shift+F5

Still works.

Edit: VPN with USA IP and it's gone.  Tongue odd.
1659  Bitcoin / Press / Re: 2013-05-23 The Cryonic Bitcoin Mining Machine Is $15,000 Of Pure BTC Power on: May 24, 2013, 11:13:29 AM

above link is broken!

fake news?

Not quite. In the last couple of hours Tech Crunch have pulled the article because the company is a scam operation. It was probably feedback from this forum which alerted them about it.


Link still works for me.
1660  Bitcoin / Press / Re: 2013-05-18 Economic Policy Journal: 3-Part Report from Bitcoin Conference on: May 24, 2013, 09:34:52 AM
Thanks for the link. The AB article describes various situations for which AB claims a transaction should be anonymous because revelation of the truth would cause a person embarrassment (teen pregnancy, or HIV test) or where "the authorities" might jump to the wrong conclusion about a person's motives (anarchist cookbook) or because some laws are bad laws and widely ignored.

I do not find those arguments compelling at any deep level - they are arguments from expedience. The embarrassment issue should be dealt with at source, imho - the possibility of pregnancy, HIV, whatever is the underlying truth that must be handled and covering it up (briefly) is not the optimal way to handle it.  Similarly, "the authorities" will do what 'the authorities" will do, and sometimes they will harass the wrong citizen and the citizen will have to explain and defend himself as best he can. Reducing the number of such events by use of anonymous transactions helps, but does not solve the underlying problem - and of course "the authorities" would point out that it provides a window of opportunity for "bad guys" to exploit.


Situationally, I would welcome such anonymity in the same way that a child welcomes a ringing phone when he gets caught with his hand in a cookie jar, but it would only be to temporarily dodge something that I should really handle at a deeper, more mature level. I could not feel comfortable within myself relying on such crutches to get by in life but I can certainly feel their attraction.

Well if you argue that rather the underling problem harassment and even punishment of behavior that is simply not the social standard should be fixed, you can simply argue in the opposite direction. If all of societies problems would be fixed there where no need for non anonymous transactions at all.

Simple fact is they aren't and there is a need for anonymous transactions for a society to work.


Your other examples (colonists, surveillance etc.) illustrate various scenarios where one group/entity needs anonymity to counter the excesses of another group/entity that does have anonymity. I agree that such one-sided situations are unreasonable, and I contend that one-sided model prevails in all societies today. Remember though that in my thought experiment NOBODY has anonymity. While there might be a record for all to see that John Citizen bought an illegal substance, there would also be a record for all to see that "the authorities" plan to kick down John Citizen's door at 4 am, and another record for all to see that "the authorities" decided not to kick down Jane Citizen's door. Jane Citizen also bought an illegal substance and is the daughter of Senator Bob Citizen. On and on... no secrets for the good guys, no secrets for the bad guys, however defined. Cameras on 24/7 in Gitmo, senate washrooms, massage parlors, whatever? I realize I've drifted far beyond financial anonymity, but what the heck.

There is an old metric in law "would the person have done what he did if a policeman were looking over his shoulder?". This was invented when "policeman" represented a benign, honorable, unbiased agent of justice so it is a bit hard to identify with today, but... the notion I'm trying to float of "no anonymity for anyone" is an attempt to encapsulate the idea of how we might behave if we knew we could not hide what we were doing. Could a Pol Pot or a Stalin or a (pick a villain) do their dirty deeds if all eyes were on them?

Here you assume that everyone has something to hide, to not be embarrassed or punished. That's also not the case. This would simply lead to an oppression of minorities that live outside the social norm.

If there was no way to hide what we are doing, we are stuck at the status quo.

In the times a policeman represented a benign, honorable, unbiased agent of justice. Justis was for example that women are not allowed to vote and Black People have to sit in the back of the bus.

Every Generation is wrong including this one (ours). Absolute transparency blocks the natural change of society by putting to much power into that hands of the people that are currently "right".

As I write this it occurs to me that this is a variant of a thought experiment offered by my favorite philosophy prof long ago. He invited us to think about what society would be like if everyone was entitled to "one free murder". Would you use it in a schoolyard squabble or would you save it for a dustup in the nursing home? Would you use it the first time your mother-in-law bugged you or when some jerk cut you off in traffic? Would you wait, year in and year out in case something really outrageous came along? More importantly, of course, how might you conduct your affairs knowing that anyone you came into contact with might decide to use their freebie on you? Would we have a kinder gentler society? I don't know, but I like to think about that kind of thing.

That's one of the "deep thought things" that simply aren't deep at all.

I really don't like thought experiments like this for one the simple fact:

For them to even be a thought experiment you have to assume that humans are simple brutes that are not capable of organizing them self without an authority that tells them exactly what to do and what not to do, while the society we have is actually proof that this is not true.

So what would really happen if everyone gets a "free murder" or 10 or 100?

Simple: The free marked would take care of this.

Most people don't like to be killed. Therefore they would pool them self in a kind of insurance pool, saying when one of us gets killed by a free murder we kill the guy who did it.

Now to stop a vicious killing circle between pools once started, different pools would agree to only kill (punish) the individual that started it.

People where afraid that they would get revenge killed without being having done anything, so pools would form that cost some money but therefore provide a investigative service in case someone of them is accused of murder and pai tribunals (curts) to decide if their member is gulty or not and have an agreement with other pools to honor this decisions.

tl. dr. we would end up where we are to day, with the difference that people would have the ability to choose to not spend money on such pools and therefore be not protected by the law if they prefer that.

BTC will fix some of society's problems. The law of unintended consequences guarantees that it will introduce some new ones. If we see them coming we will probably fix them as they arise, some through forks. Despite my "no anonymity" thought experiment I'm paradoxically strongly drawn to its zerocoin opposite. Maybe what these two opposites have in common for me is the idea of "no exceptions" - total privacy for all or total anonymity for all, such that no group/entity gets special rules as at present.

I for one think at our current environment the "middle" of BTC fits our needs the best. It provides general pseudonimity by giving it's user the ability to always without a doubt proof that a transaction that he claims took place as took place.
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