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221  Other / Beginners & Help / Re: Bitcoin network is rejecting Bitcoin microtransactions on: January 10, 2014, 10:05:06 PM
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As the block reward is halved, it is anticipated that fees transacted will increase to compensate.

Are you serious ?
If transaction fee increases by 10 per cent on every block reward halved
so according to your suggestion, transaction fee is to eat up any sum transferred in a future.
No, not if Bitcoin becomes very popular. In the new client they are trying to develop a more organic way to determine the fee at a given moment to get a transaction through. Then it could even be lower than it is now.
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The fees now are not prohibitively expensive, and keep people from spamming the blockchain unless they have a lot of bitcoins
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I am sorry but many people don't have a lot of bitcoins today and not every man is a millionaire today
( 1,000 bitcoins made $ 1,000,000 only 2 months ago)
What in your opinion is a dust payment in dollars? 1 dollar? 1 cent? 0.01 cent?
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People with a lot of bitcoins probably aren't going to spam the chain

Any transaction is just a valid Bitcoin transfer transaction.
Can't argue with that, but miners decide. Do you think it should be handled different, then how?
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like a bunch of clueless shatoshi dice newbies who have no idea what they are doing and how it affects bitcoin.

Do you suggest Mr. Satoshi developed his Bitcoin idea for the rich only ?
Again, in dollars, what is poor and what is rich?
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According to your opinion, his great idea of no middle-man bank has been turned upside down into
Bitcoin bank for the rich.

World of made of 7Bs poor and  just few Ms rich.

Bitcoin bank was developed for the poor since the rich don't need virtual bank or virtual currency since they are satisfied with present banking standards and can afford bank fees.

Bitcoin was exactly developed to let parties save on transactions tools.

Ever increased transaction fees can disrupt any great idea like the one by Mr. Satoshi.


I think Bitcoin was not designed specially for the rich or the poor. It was designed to get rid of banks. In that way it saves in costs, most of the time people have to pay just for having an account. Also, it makes paying via the internet very easy because it is part of it.
222  Other / Beginners & Help / Re: Sid's Newbie post on: January 10, 2014, 03:29:48 PM
... The change-over point is hard to predict, depends on the popularity of Bitcoin in the future. ...
The change-over point is hard to predict, depends on the popularity of Bitcoin in the future
Why are you literally citing me?

He's either a bot or just spamming.
But what's the use? This whole day it appeared he was trying to respond to as many topics as possible, while he just signed in on the forum yesterday. Suspicious...
223  Other / Beginners & Help / Re: experiences with the butterflylabs equipment? on: January 10, 2014, 03:14:21 PM
I have bought the jalapeno last year. There have been a lot of things said about BFL, and I don't know if there all true. What I do know is that my jalapeno works perfectly connected to a Raspberry Pi. And that I had to wait for ages (about 8 months) before I had one. At the moment I have broke even and from here it's all profit. Grin
224  Other / Beginners & Help / Re: Bitcoin network is rejecting Bitcoin microtransactions on: January 10, 2014, 02:46:40 PM
It does appear you have some knowledge about the subject, and yet you don't. I bet if you reason with that knowledge that you have, then you know just as well as the rest of us do that your point of view isn't right.

Some answers:
- Micro transactions are allowed in Bitcoin, but only works when at least one decent miner accepts it.
- 'WE' are the miners, they don't accept dust payments. It would clog up the network.
- Satochi designed Bitcoin so it could accept micro transactions, but also chose to let the decision to do so to the miners.
- Mister Satochi is not the owner or boss of Bitcoin. He designed the first versions, now a whole bunch of developers are improving it.
- Not only the block headers have to be kept in memory, but all transactions ever made. With micro transaction used freely, the block chain would become very large very quickly. And because miners make Bitcoin work, and processing transactions cost time and energy, they can choose to ignore those. Probably because they 'only' get 25 BTC for it.
- Again, there is not one man in charge. It is closer to democracy.

It looks like you are demanding is should be free, and otherwise it's not fair. But every product or service cost money.
Just suck it up as it is, and go from there. And I would be happy to answer questions on the way.
225  Other / Beginners & Help / Re: What will this year hold for bitcoins? on: January 10, 2014, 11:23:01 AM
A lot of new questions to be answered I reckon. Wink
226  Other / Beginners & Help / Re: decreasing BTC rewards / round on: January 10, 2014, 11:19:19 AM
In that case If I want to keep the level of BTC reward I have to invest new hardware time-after-time?
Could the rate of BTC / number of BTC transaction modify the long of a round /number of round in a day?
First one yes, second one no. Number of transactions has nothing to do with the hash rate.
227  Other / Beginners & Help / Re: Sid's Newbie post on: January 10, 2014, 11:10:15 AM
... The change-over point is hard to predict, depends on the popularity of Bitcoin in the future. ...
The change-over point is hard to predict, depends on the popularity of Bitcoin in the future
Why are you literally citing me?
228  Other / Beginners & Help / Re: Are Alt currencies tool to make richer even more rich on: January 10, 2014, 11:06:00 AM
Often people say that Bitcoin is a revolution because no central banks exists and thus cannot controlled by the 1%. But when banks came into existence, that was not the case. There were arguably a lot of small banks. But it's inevitable that over years and generations take-overs and bankruptcies take place, limiting the amount of banks and making the ones left bigger.
That principle can be applied to many things, e.g. companies, rich people, nations, nature, and Bitcoin.
Sure, with the start of Bitcoin everyone could get in relatively easy. But people having the edge, get the most money in the end. Bitcoin is not going to solve that problem, that's only possible in some utopia society.
229  Other / Beginners & Help / Re: can some one explain to me how to understand block time pelase on: January 10, 2014, 08:52:22 AM
If the coin has a block time of 60 seconds, then you can mine 1440 blocks a day.
230  Other / Beginners & Help / Re: This probably really stupid on: January 09, 2014, 10:52:09 PM
The nice thing about a SHA-256 hash is that you cannot predict it. If you hash a string and make another hash from that string but changing just one character, you get a completely different hash. They are not correlated, so you cannot use the outcome of one as an input for another to make an educated guess or something.
231  Other / Beginners & Help / Re: Advantages to making an existing business Bitcoin friendly? on: January 09, 2014, 10:43:41 PM
maybe your business is the first one to accept Bitcoin

Why You are close to only bitcoin?
Are restrictions to accept all coins listed on Crypsy?
Not sure what you're trying to ask there. Huh
232  Other / Beginners & Help / Re: Sid's Newbie post on: January 09, 2014, 04:04:42 PM
and how long would it take to mine that block alone?? 10 years or so??
Depends on your hashing speed.
233  Other / Beginners & Help / Re: Advantages to making an existing business Bitcoin friendly? on: January 09, 2014, 04:00:59 PM
For an existing business it's quite easy to include Bitcoin as a payment option. I think it's always good for a business to have as many payment options as possible. It's good for the business because possible more income, and because of "the early days" maybe your business is the first one to accept Bitcoin which could attract customers from competitors.
It's good for the customer, because of (arguable) advantages of Bitcoin compared to other payment options.
It's good for the Bitcoin community, the higher the market penetration the higher the popularity.

In the end it's not necessary to mine, design software, or create new feature to participate in the Bitcoin revolution. Just apply it into your business or everyday live to make it a success. Wide acceptance is the only way to make it viable.
234  Other / Beginners & Help / Re: Points to be sure to cover when teaching someone about BTC on: January 09, 2014, 03:39:31 PM
Show how a wallet works, where to buy Bitcoins easily, and a place where they can spend it. Then tell them just to try it. If they like it, they dig into it.
235  Other / Beginners & Help / Re: Pool setup help on: January 09, 2014, 03:33:08 PM
Do you get any share with guiminer whatsoever. If not, then I guess it's indeed not visible on BTC Guild.
236  Other / Beginners & Help / Re: Sid's Newbie post on: January 09, 2014, 03:27:14 PM
Don't belittle the Newbies forum. I like reading it, interesting questions and discussions pass by which make you think about Bitcoin in whole new ways. Grin

The current block reward is 25BTC and the amount of fees is rather erratic. Take a look at blockexplorer.com. The first transaction of a block shows which part is reward and which part are fees. Going back 10 blocks it's approximately 0.05BTC per block. The change-over point is hard to predict, depends on the popularity of Bitcoin in the future. Pure speculation.
237  Other / Beginners & Help / Re: Do we really need so many kinds of coins? on: January 09, 2014, 03:13:43 PM
Here are some thoughts. It's kind of frustrating, isn't it?
238  Other / Beginners & Help / Re: can some one explain to me how to understand block time pelase on: January 09, 2014, 03:09:25 PM
Your question is a little bit vague.
Do you mean that every 60 seconds one block is generated with a reward of 50? The maximum of coins that ever can be in existence is 25 million? And what do you mean with a maximum of 400 per day?
239  Other / Beginners & Help / Re: Brand new, completely LOST! PLEASE READ AND HELP on: January 09, 2014, 02:28:32 PM
How do you start the executable? If you do that by clicking the pictogram, it will start and if there is something wrong it closes immediately.
Instead open a cmd window, and start the executable from there. In that case it stays open if the program ends after an error.
240  Other / Beginners & Help / Re: How to create a vanity address? on: January 08, 2014, 10:30:29 PM
The chance of getting the same address generated twice takes probably (citation needed) much more time than the age of the universe (with today's computers).
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