You should always keep backups of your private keys, whatever happens to your wallet provider/computer/house you can always access your coins again.
ah ok so its the private keys that make the bitcoin uniquely mine? So lets say electrum disappeared (unlikely but who knows) as long as i have my private keys i could access them? How would i go about doing that? thanks Check this website: https://www.bitaddress.orgThere you can generate a bitcoin address, here's an example: This is the public address: 1JrkHwduxGWu27tYgFwyY23e8ZXqggAbFa This is the private key to the above address: 5J5fts11s4mZdJEcMMzuFbjyvva8co5puHimi55NTMQ9HYK2yZx This key is what allows you to spend the bitcoins in the public address. With any decent wallet you can import that private key and spend those coins. Examples: https://blog.blockchain.com/2014/06/18/tutorial-the-import-export-feature-in-your-blockchain-wallet/https://en.bitcoin.it/wiki/How_to_import_private_keys |
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You should always keep backups of your private keys, whatever happens to your wallet provider/computer/house you can always access your coins again.
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Besides the block subsidy, currently 25 new bitcoins, miners also collect transaction fees.
Eventually there will be no new bitcoins to generate and the only reward miners collect will be transaction fees.
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I'm looking forward to this.
The reduced Blockcahin size would help a lot, its 60GB in size already indeed.
The first installation took about two days, as i remember.
This was way too long.
With pruning mode enable you still need to download and verify the entire blockchain, if you don't wanna do this try a hosted or SPV wallet. |
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If everyone ran in pruned mode then would that be a problem? How would a new node catch up from the beginning? I'm sure it's just that I am missing the obvious point. Sorry to be such a dummy.
Maybe the idea is at least a few nodes will always keep the full history? I am willing to if that helps.
Correct, some nodes with the entire blockchain will always need to exist. |
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Bigger fees is not the only possibility, the most probable one is the increase in transactions, we can have even smaller fees and the block reward can be higher if transactions on the network increase a lot, also bitcoin value has to be taken into consideration because now the reward is much greater, in dollars, than when it was 50 bitcoins per block.
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The way activity is calculated:The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)
Activity is updated every hour.
Number of two week periods? i don't really get that If you've been registered for two months that's 4 two-week periods. The maximum activity you can get is 14 every two weeks... |
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Just unpack bitcoin-qt to a directory of your choice, open a terminal and type:
$ ./path/to/bitcoin-qt
If any error about dependencies not found, install the required dependencies.
Enjoy.
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I think he's talking about bitcoin banks that generates interest. I don't think there are any legit ones out there at the moment.
Well, legit banks already exist, they're called PoS altcoins. They're coins with interest payment built inside themselves. No need to trust a third party here! There once was a real Bitcoin bank, with an IRL branch office and everything. Remember this?  And like a real bank it took our money and it was gone.   |
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I've also been running rc1 on Debian without any issue, syncing speed has improved a lot, and wallet now available with pruning mode enable. Updating to rc2.  Have you tried running in pruned mode yet? I'm curious how much disk space bitcoin uses with that feature enabled Yes, -prune enable. You decide how much space is dedicated to the blockchain. |
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Username: pedrog
Date joined: Feb 12th 2015
Total wagered: 0.36246689
Thank you!
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I've also been running rc1 on Debian without any issue, syncing speed has improved a lot, and wallet now available with pruning mode enable. Updating to rc2. |
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So from my understanding, the implications of "prune mode" would be to allow transactions to be relayed as in a full-node, but without the (heavy)-storage dedication. I'm assuming these "prune mode" machines still confirm transactions, and so this would result in a more efficient, lighter protocol.
Is that right?
Nope, just a smaller blockchain, in my particular configuration the last 5 GB of the blockchain. |
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Synchronized pretty quick comparing with previous versions, I'm now running a full node with a 5GB blockchain with wallet. |
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Got my netcoin withdrawal processed. Available for withdraw are the ones without the tools.  |
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How much did the guy stole?
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