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Your understanding is correct.
But the difference in number of attempts between your laptop and a souped-up GPU is enormous...
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<troll>Also never use PHP</troll>
Indeed that's a troll. PHP offers all the tools you need to program sound decimal arithmetic. PHP is inelegant, but it's capable and ubiquitous. A good software engineer can implement great systems with PHP if they need to. |
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I'll be happy to donate when they list their bitcoin address on their "Donate" page: http://epicchange.org/donate.phpAlthough I trust you, Bruce, I don't like to encourage the idea of people donating to anonymous Bitcoin addresses that may or may not be related to the charity in whose name they are posted. |
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µBTC (micro bitcoin) I like this, but it's a real pity that the general public don't widely understand this metric prefix. It can also be typed as "u" instead of "µ" (electrical engineers are quite comfortable abbreviating microFarad as uF). But many UK newspapers, including the Daily Mail, still refer to a microgram as "mcg" instead of "µg" or "ug". It's rather pathetic. |
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Perhaps it should be even Satoshi himself or Gavin Andresen Isn't the time that they spend on Bitcoin itself so valuable that they are the last people who should take on the job of roving ambassador correcting the world's misconceptions? |
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I'd still put seasteading before in this priority list.  BrightAnarchist was referring to "developments" rather than "ideas". People can use bitcoin today, but seasteading isn't yet practical for ordinary people. I agree with FreeMoney about raising children peacefully being number one priority though. |
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Why not keep the behavior for new installs exactly as it is now, to keep it as simple as possible for new users.
But add a user preference for "number of decimal places" so that anyone who wants more decimals can experiment with having more. I don't think there's any reason why every client needs to display the same number of decimal places.
The block chain already contains transactions with more than the two decimal places displayed by the standard client.
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I can't believe how fast the payment usually arrives. When I withdraw some BTC from mtgox, as soon as I click on the bitcoin window the coins are already there (unconfirmed of course).
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Does "claim" mean "spend", when used as above by creighto and theimos?
In other words, there isn't any way to "claim" a coin without spending it, is there?
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People have a certain familiarity with two decimal places (by analogy with many fiat currencies) so I don't think the change should be made any earlier than necessary.
More decimal places will cause a certain amount of confusion, and will need to be handled carefully in the user interface.
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Or maybe in some distant future people will refer at 0.0001 BTC as being "one" bitcoin
There's plenty of precedence for that. At first, the new unit is called e.g. a "new bitcoin" and then over time people drop the word "new". Historically, of course, a "new" release of the currency comes into use when prices go up, not down. I think bitcoin would be the first exception to that rule. |
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mtgox is a terrible name I think mtgox is a great name! The USA stores its gold at Fort Knox, but bitcoiners trade their coins at Mount Gox. |
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My guess is its 90% male.. My guess is 100% male. |
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Meh, *.btc is where the future action will be.
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I want Satoshi to be wealthy for what he has done here. He can't do well without many others doing well, including myself. And I care not at all who might think that is unfair.
+11. And I want Satoshi to win the Nobel Prize for Economics too. I wonder if he can collect that anonymously? |
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... it seems helpful if attention is directed to option #3, which is the most decentralized, pro-privacy option Yes. In a decade, mobile data will be ubiquitous, so it's best to work towards the best long-term solution. - Receiving bitcoins -- Poll network nodes every few minutes, download all new blocks seen using 'getblocks' and 'getdata'
How about: poll the network and download new blocks whenever the phone is charging and connected to WiFi, but otherwise only on demand. Most of us can get through the day spending BTC that are already known to the phone, and an overnight resync will be enough. But if someone sends us an SMS saying they've paid us, and we absolutely need to confirm it today, we can pay (with data charges and battery life reduction) to confirm it sooner. |
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... which over-dramatize and totally made up about how and why Satoshi invented bitcoins ... You mean like how "SATOSHI" is just an acronym made from the names of seven electricity-generating corporations, who invented bitcoin to ensure their future profits? |
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He says "we have a currency that will devalue itself almost as easily as the Zimbabwean dollar" ... Not sure how he arrived at that conclusion. That's because he has got the "bitcoins are subdivisible to 8 decimal places" thing the wrong way around in his head. See how he says that if we are using Bitcoin 10 years from now, due to the "progressively smaller and smaller subdivisions of a BTC ... we’ll still reminisce how it used to be that 10 BTC would have bought you a nice meal". It's actually the other way around. We may marvel that the price of a Pizza was once 10000 bitcoins, but we don't "reminisce" for those days, because we can now buy so much more with 10000 bitcoins (if we had them, that is). |
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The mailing list at SourceForge has some or maybe all of the release announcements, with very little other clutter, if that's of any use to you.
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