And double that.
Because the customer pays to random generated address , then seller has to collect all coins in one place.
While it might look small , it will be enough for a lot of miners to exclude a lot of transactions just to have their solved block accepted first and a lot of miners would not even think of including 4MB of transactions in one block.
Actually, it would not have to be double that, they could all send the bitcoin to the same address. Or, once a day, one large transaction is created which consolidates all of the bitcoin in one address. There would only be a massive transaction fee for including so many inputs. Double the transactions is not necessary. We are seeing this already with the transaction pool running in thousands and miners adding only <100 in their solved block.
Where are we seeing this? I don't see anywhere where miners are dropping transactions because there are too many. I see them dropping transactions for low or no fees. Miners are definitely not adding less than 100 transactions in a block. In fact, there are between 500 and 900 transactions per block on average. I don't know where you are getting that number, but I suggest you do some research before posting. |
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Even if it does drop to the price of a dollar, there are other currencies that cost less than 1 USD, and others more. It would be just like every other currency in the world. Besides, the blockchain technology can still be used for many other things that will make you more money. I would definitely still be a fan of Bitcoin and the blockchain even if the price is super low.
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If you scroll all the way to the bottom, on the left, there should be something that says "move thread" Click that and move this to the elctrum sub-forum. The forum is here: https://bitcointalk.org/index.php?board=98.0 It is under Development and Technical Discussion>Alternative Clients>Electrum. |
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Make a backup of your wallet, and try reinstalling the entire software. Make sure that your backup is somewhere safe, and preferably encrypted. Put it on a flashdrive or copy it to another computer.
Also, this thread would best be in the Electrum sub-forum, they could provide more help there. You can move this thread there.
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McDonalds serves about 69 million customers per day, according to their company profile If one out of every 100 customers paid with bitcoin: 69000000 / 100 = 690000 transactions per day Assuming that the transactions are spread equally throughout the day: 690000 / 144 = 4791.667 ~ 4792 transactions per block Assuming that the transactions are standard and the average transaction size is 250 bytes (0.25 KB): 4792*.25 = 1198 KB in transactions Adding this extra size to average block size: 1.198 + 0.5 = 1.698 MB. The block size would then be about 1.698 MB, not that much larger than the current maximum, and most certainly not up to 20 MB. Even with that many transactions, it still would not take up a lot of bandwidth, but eventually, over time, like the current blockchain, these transactions will cause the blockchain to grow in size, but it is already doing that. *Note: these numbers are both rounded up and chosen from the highest numbers on blockchain.info's charts for the past year. |
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That's what 20 MB blocks require. That means, you receive the blockchain, that's 84 gigabytes per month. You send the blockchain to one peer, that's another 84 gigabytes per month.
There is only one time that one node has to upload or download all of the blockchain, and that is when a new full node comes online. It downloads the blockchain from one other node, and that is its only full blockchain download. If you don't want to be the node that has to upload the full blockchain, you can change that in your config file. The full blockchain download is definitely under the monthly caps. Those 84 gigabytes happens only once in the nodes lifetime, and the blockchain won't be 84 gigs even when 20 MB blocks are accepted. The 20 MB blocks just mean that the maximum block size accepted by the network is 20 MB, not that every block is 20 MB. Get your facts straight. |
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You can get curl for windows from here: http://curl.haxx.se/download.html. Scroll down to the windows section and download the appropriate zip file. Extract it and open the curl.exe file using command prompt. Then you can use the commands from the guides on the website. You can get a webserver software such as Apache. There are many different distributions of Apache for windows, just get whatever one you want. This site will help you https://httpd.apache.org/docs/2.2/platform/windows.html. Then, in the folder where the website files are located, create an html file with your bitcoin address for the incentives program. |
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LOL - Calling me a fag shows your lack of maturity and increases the chances of you being a scammer ... what do you have against fags anyway you ignorant, intolerant child? Do they get better grades than you?  Send the receipt of your purchase of the account to me (I won't reveal it to anyone else other confirm with Microsoft) or one of the mods/admins. You claimed I'm making false accusations of you - we're waiting for the proof you promised... Someone obviously can't read as mentioned it was given to me directly from microsoft. Didn't have to pay for it. It all under my name idiot. Since it is an MSDN subscription, don't you get an invoice emailed to you every month? Perhaps you could show us that. |
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White bitcoin itself has value, that value is very volatile and changes daily. While bitcoin may go on to do what you predict, it may also fail miserably. The actually valuable thing from bitcoin is it's underlying blockchain technology, which can be used and applied to many more things than bitcoin and this provides more value than simply monetary value.
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Eventually a miner will stumble across a nonce that results in a hash that is not only lower than the share difficulty, but also lower than the network difficulty. got it I wonder what prevents a miner from noticing that and claiming the full reward for himself as if he was solo mining. In other words, claim shares through the pool but if you find a block, submit it directly. I don't think that that is possible because the merkle root for that miner would be different than the one from the pool because the coinbase transaction would be different. Otherwise, the Miner would be broadcasting the block, but the reward would still go to the pool. |
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What wallet are you using?
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You should be able to. If you can import these addresses into other wallets that support BIP32 or BIP39, you will be able to access the coins even if coinkite goes down.
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Roughly 6 generations ago Germans were probably considered superior in subjects comparable to cryptography in this context. They got their asses handed to them.
In the 70s Japan was considered a phenomenal rising star. Superior at everything, an economy about to take off, etc. Now they are looking for a way to survive as a country.
The United States used to be full of theories about how it became superior. Was it because it was a melting pot? Because of a frontier mentality? Doesn't matter now because it is near death.
So okay, you say that if the Chinese needed to be 'superior' in the arts they would snap their fingers and do it. I'll watch from a distance.
Obviously, countries evolve, and their status changes. So yes, Germany was superior at one point, and so was Japan, and so was the USA, but as time goes on, people migrate, different countries develop new standards, and things change. If you look at a chart of which country supposedly does better in certain subjects, you would find that it will change yearly. Countries move up and down the list, and their citizen's skills change. Sometimes things change because of economics, sometimes war, and sometimes for other reasons. It is highly unlikely that the most advanced country will stay in that position and it will likely change within a few years. However, at current time of writing this, on May 4th 2015, I think that China is probably the most advanced at cryptography. Who knows what country will be next? |
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It could be a conspiracy, or it could be coincidence. Given these facts, you can decide whether to use Bitcoin or not. If you are afraid of the NSA doing something, don't use Bitcoin. You should also check out this thread: https://bitcointalk.org/index.php?topic=288545.0 Personally, I feel that there is little risk of the NSA doing anything with my Bitcoins. I think that they have little gain for tampering with Bitcoin, and so, I will continue to use Bitcoin. |
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It is a known fact that ECDSA has been exploited because the people that implemented it did a poor job. Blockchain.info has BTC stolen because of broken values used for one of the value in calculating the signature. Rather, the part that truly affects Bitcoin is the random number generator that each implementation uses. ECDSA relies on diffidently random integers, and when the RNG is predictable, the cryptography can be broken. no-ice-please was actually right in asking about SHA-256 because the implementation of ECDSA used in the Bitcoin protocol used the standardized SHA-256 algorithm. The only other thing to focus on would be the RNG used, but that differs from OS to OS and wallet to wallet.
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Oh, I didn't realize that Coinkite gave you Extended keys. My previous post was regarding normal keys.
What do you get when you put the keys into electrum? What about coinkite?
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You will probably need to look in the source code to find these prefixes. If the coins have a wiki or forum, you could ask there.
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My questions are:
1. When I enter the 3 public keys in electrum, to restore the multisig wallet, it gives me a different multisig address. Why?
This might be because Coinkite gave you compressed keys. Uncompressed keys will give you one address, while compressed keys can give you the same address or a different one. This is because the compressed keys remove the y-coordinate from the public key, thus allowing two points on the elliptic curve to be chosen as the public key, and thus two different addresses for the same key. This aspect of the private keys may be what is giving you a different multisig address. 2. If Coinkite goes down, how can I retrieve my funds from the multisig address, that Coinkite provided based off the 3 keyfiles?
-snip-
Lets say I want to recover my multisig address funds, and send them to a new address. How can I? Using only these 3 things and lets pretend Coinkite is down.
You need to convert the key from uncompressed to compressed or vice versa in order to find the right multisig address. An uncompressed key will start with a 5 and be 51 characters long while compressed keys will start with either a K or L and be 52 characters long. |
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As an Asian, I would like to step in. China as they have higher IQs and not to be rasict or anything many people from the Asian Continent such as Chinese people are amazing at math.
Chinese are typically good at Math because of the emphasis and focus on learning Math. This is probably because of the current situation of China, where they focus very greatly on Math and the sciences since these are all things that are guaranteed to make money. The greed for insane wealth drives this, and the availability of high paying jobs involving math and science puts more pressure for Asian children to do well in these subjects in school. I'm sure if there were many available and high paying jobs in the arts that Asian parents would pressure their children to do well in the arts too. My opinion is that the national group 'Chinese' are kicking the shit out of us in that area. My speculation is that it has to do with how their language is ordered and written and so on. If that is accurate then groups with similar language types would also do well in cryptography.
A reason for my speculation is that they use single characters to portray words, like creating an alphabet of words with tens of thousands of characters. In English, for example, you must 'know' tens of thousands of words to communicate, but to write you only need to know 26 written letters.
I don't think that the alphabet and memorization of words helps with understanding logic and cryptography. It would be more of the syntax and structure of the language. If anything, I would think that people who know Latin would be better cryptographers because Latin is a very precise language, with a very specific syntax and structure. It is logically built and the ordering of words in Latin can be very important. This aspect I feel would make good cryptographers. Overall, I think that China probably is better at cryptography since they have a population trained very highly in math. Also, China has a larger population, so they can use more people to develop cryptography than other countries would. |
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