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23121  Bitcoin / Bitcoin Discussion / Re: Big banks creating Bitcoin alternative on: December 18, 2015, 03:40:46 AM
anyway these crooks can get a piece of something they will always
come running lol. Would be interesting to see how a bank backed alt
coin does.

its not going to be a bank backed altcoin sold on crypto exchanges..

its going to be internal use only.. where customers just see a balance on their accounts.. in simple terms they are trying to get rig of sql style databases that greedy employee's fiddled with
23122  Bitcoin / Bitcoin Discussion / Re: I found this pretty cool. The founders of Bitcoin on: December 18, 2015, 03:30:44 AM
i think that anyone with below 400 activity should be banned from speculating on satoshi.. it would save soo much posts of crap
23123  Bitcoin / Bitcoin Discussion / Re: satoshi addresses on: December 18, 2015, 03:15:57 AM
Summarizing the responses:

You can use a block explorer to find minded blocks before Satoshi left, and using the assumption that unspent blocks are mostly his you can infer his addresses...
From the earliest months most blocks were Satoshi's.
There may or may not be people that have created a hypothetical list of Satoshi addresses. But nobody seems to answer this question.

So theoretically Satoshi could easily spend some of his coins mined in the last days he was around and nobody would notice...

I haven't read anything that would indicate you can know for certain that Satoshi HASN'T already spent some of his coins.


wrong in so many ways so lets translate

You can use a block explorer to find mined blocks before Satoshi left, and using the assumption that unspent blocks are 5% his you can lose your mind guessing which ones...
From the earliest months most blocks were not Satoshi's. hal finney, sirius, theymos, mike hern and dozen others were all there in 2009. some were there on day one..

so although we can watch these old 2009 addresses, and if they moved be less than 5% sure who moved it.. theoretically Satoshi could instead easily spend some of his coins mined in the last days of 2010-2011 when he was around and nobody would notice because the pool of people using bitcoin was hundreds, bring the odds down to way below 1%...

I haven't read anything that would indicate you can know for certain that Satoshi HASN'T already spent some of his coins.
23124  Bitcoin / Bitcoin Discussion / Re: Big banks creating Bitcoin alternative on: December 18, 2015, 02:59:18 AM
This article caught my eye earlier: http://www.wired.com/2015/12/big-tech-joins-big-banks-to-create-alternative-to-bitcoins-blockchain/

Seems that big banks want in on the idea of the Blockchain, but are opting against Bitcoin.

This is just going to be another altcoin that fails miserably. For one of these other coins to do well, it needs to offer more than what bitcoin can offer. Bitcoin has covered pretty much everything, so these coins have like no chance.

your definition of altcoins is limited to the view of open source 'shitcoins' that people make as pump and dumps, without any infrastructure or purpose..

but if you use the term 'alternate blockchain with a unit of measure'..(which is technically an altcoin, but not refering to the shitcoins) you will start to see outside the box of all them shitcoin pump and dumps.

and you will start to see that another blockchain used correctly with its own infrustructure that solves an actual purpose, is useful for that purpose. bitcoin solves one purpose. but it doesnt solve everything..

imagine a land registry chain. where the purpose is not speculative value, is not to buy products. but were each microunit of measure is registered as an acre of land. where the address owner holds all his acres under his address and anyone can see who owns what acre of land.

selling land can be as easy as a transaction.

 
23125  Bitcoin / Bitcoin Discussion / Re: Bitcoin user adoption is horrible - here is why: on: December 18, 2015, 02:19:40 AM
You get TV from Japan and Korea, cars from Germany, Computer from US, Airbus from France, get almost everything else cheaply from china, but Switzerland? A couple of clocks filled with diamonds selling for millions, not interested for majority of the new generation except people who have nowhere to throw their money

computers from US??
ummmmm.. apple although american offices, they make their products in china, dells consumer computing is done in asia and mexico,

so what do the swiss give the world
watches, knives, pharmaceuticals, precision engineering.

put it this way if CERN was built in america it would be made of paper-mache from McDonalds packaging, definitely wouldn't of been made using dell or apple. or made using precision engineering
23126  Bitcoin / Bitcoin Discussion / Re: Big banks creating Bitcoin alternative on: December 18, 2015, 12:50:56 AM
What's the Linux Foundation's role in this? 
banks want linux code, so probably getting lots of free code samples and idea's from that community
23127  Bitcoin / Bitcoin Discussion / Re: I found this pretty cool. The founders of Bitcoin on: December 18, 2015, 12:46:12 AM
Founding Members:  one of the original members of an organization, group, or company.
Founder/Co-Founder: The creator of a company/concept.
So by those definitions Satoshi is the sole founder since he is the only creator creator of the thing we call Bitcoin. The other guys, sirius, hal, etc. are founding members since they are of the original cypherpunks group who were interested in Bitcoin and joined the project after its announcement. They are not the founders.

dont worry the reasearcher 1337 already deleted the tweet and trying to delete the other stuff, now he has been made to look stupid by saying sirius was a founder and not just an initial member/contributor
23128  Bitcoin / Bitcoin Discussion / Re: Big banks creating Bitcoin alternative on: December 18, 2015, 12:30:40 AM
banks just want a better system so they can sack their 'fraud teams' 'internal investigation teams' 'security teams'

so that all they need to do is post a hard drive to each bank branch (node) and the bank manager plugs it in to hold more data as the bloat increases, which could do away with even 99% of the tech support team too
23129  Bitcoin / Bitcoin Discussion / Re: What happens to the difficulty level on: December 18, 2015, 12:06:32 AM
I've just been asked a question about difficulty but don't know the answer.
 Could someone tell me please?

  What happens to the difficulty level when the last bitcoin has been mined in 2140ish? Does it stop increasing?

its something you dont have to worry about for 125 years.. (after death).. but if you are concerned about your grandchildrens worries about difficulty.. then here are theories..

right now the block reward is worth <$12,000 ($450x25), next year the reward halves and its sepeculated that the bitcoin price will double to counter, keeping the fiat value at around $12,000

now.. if in 125 years people still only want to pay under 5cents a transaction. then each block needs to store 400,000tx a block (200mb~). to keep to a $12k average reward, just from fee's.
if bitcoin cannot possibly store 400,000 tx a block. SOME miners wont mine as its not profitable for them. and as they drop off, the difficulty will slowly drop until there is a profitable equilibrium of mining cost vs income from solving blocks.

however if there is no blocksize limit.. then the sky is the limit for mining income and as long as there are enough transactions with fee's to cover costs, then miners will continue to fight to win that. and the difficulty would increase.

again this is theory, as its talking about 125 years in the future.. using values only known today.. all we know is that in 125years, technology will not be the same.
its possible that 400,000 tx's would be the equivelent data storage as a grain of dust in the future.
after all just 20 years ago a 3gb storage was a large hard drive, now you can get atleast 500gb on something the size of a postage stamp
23130  Bitcoin / Bitcoin Discussion / Re: I found this pretty cool. The founders of Bitcoin on: December 17, 2015, 11:52:09 PM
I don't understand why people think there is only one founder.... When there was a few people part of the initial development. People need to leave them alone, they did good to this world.
satoshi is the founder.. the only one.. the persona is not a group. just one person. coming to light in 2008

there are though, other initial contributors.. like hal finney who was there on day 1 of bitcoins release in 2009, but he is not satoshi, he did not make the white paper of 2008.

in short there is no 'co founder'. just 1 founder and many initial contributors..

23131  Bitcoin / Bitcoin Discussion / Re: Bitcoin Confirmation Speed on: December 17, 2015, 11:42:49 PM
Is there any chance that the confirmation process will pick up in speed here in the future?  I think some people are not accepting them because the time it takes to confirm a transaction.  I know I do not want to be standing in a store for 20 minutes or longer to wait for a candy bar.

when there is a fix for malleability (preventing messing with transactions before confirmation) then people can send and not need to wait for confirmations on small priced goods.

some fixes range from mining pools dropping tx's if a existant tx exists using the same origin funds (that way 2 tx's using same funds cant both wait for confirmation)
some fixes range from locking funds into bots and then moving around in offchain channels freely, and then be confirmed later when the channel closes and all senders-receivers are settled.
some fixes involve using exchanges internal 'trade keys' or usernames for people to send funds to eachother within an exchange
some fixes involve raising the blocksize limit so that miners have no excuse holding peoples tx's to ransom, and all tx's can be confirmed in 10 minutes or less
some fixes involve retailers accepting altcoins (sidechains) to have improved confirmation times and less bottleneck

but if your asking will bitcoins average blocksolving time go from 10 minutes to, lets say 2m:30s or 1m:15s... um no. as that would cause to much issues in regards to difficulty changes, reward halving times, rewards and mining hardware
23132  Bitcoin / Bitcoin Discussion / Re: I found this pretty cool. The founders of Bitcoin on: December 17, 2015, 11:10:39 PM
ok i get it
user:the_researcher_1337

is pretending to be a observer who found something.

yet digging in we find all links and info are only a few days old
the eGrowth twitter mentions in another post "Ummm can someone explain this to me, because this seems awfully promising! https://redd.it/3wqijk  Wow!"
which links to a scammer using a newly created pseudonym trying to suggest they are the real satoshi..

all in all i can see the guy behind this forum username the_researcher_1337 and twitter username egrowthhacker and reddit usernames Satoshi-Nakamoto-BTC, the_researcher_1337 are all the same person.. soon to push some investment/moneygrabbing scam, under the pretense they are the founder
23133  Bitcoin / Bitcoin Discussion / Re: I found this pretty cool. The founders of Bitcoin on: December 17, 2015, 11:02:47 PM
....... and the point is?

its nothing new,
nothing secret

hal finney sirius, satoshi and a few others were around early on.(spring 2009)
theymos, mike hearne, and more got into it a little later (summer 2009)

by november 2009 there were dozens of people..

when will people stop thinking that satoshi was the only guy involved in 2009, and thus the only possible owner of all them coins..
23134  Bitcoin / Bitcoin Discussion / Re: How can we spread Bitcoin effectively. on: December 17, 2015, 09:25:13 PM
I think the best way that Bitcoin can be spread is by doing public demonstrations, and giving free BTC small amounts around 0.02 to those who take an interest.

The only people who could do this is the ones who brought when the price was incredibly cheap and are now BTC rich, this will be a great way to give back to the community and intern help raise BTC popularity and usage and of course making it widespread.

This is demonstrated beautifully in this documentary : https://www.youtube.com/watch?v=8zKuoqZLyKg

How do you feel we as a community should raise bitcoin awareness and how are you helping ?


giving away $9 just so people can see it move from your wallet to their newly made wallet, alone is futile and expensive.
what you need to do is find local shops in your area to accept bitcoin. or encourage new ones. and then use maybe just a couple $ to let the person you gave that funds to, buy a coffee or a snack.

the reason is.

i can make an app that sends bullshit value from one phone to another.. in milliseconds.. but if that person cant do anything with bullshit coin.. you might as well threw a brown shirt button on the street (looks like a penny from a distance) and wait around to see if any passers by pick it up. and what they do with it once they realise they cant see it as a useable currency

yes, us bitcoiners know what it is and know its value. but if a stranger accepts it and cant even buy a coffee or toilet roll with it.. they will never think about using it again.

remember bitcoins ease of transfer, is not the same as:
ease of use (lack of retailers)
ease of obtaining (registering with exchanges and buying)
ease of understanding (converting 0.00x into common fiat)

so try not to throw $9 of bitcoin at random people without having a bigger plan

think about where people once they become fascinated with your demo can easily and legitimately buy bitcoin.
think about why each person would have a need for it.
think about where people can use bitcoin.

the 'need for it' is more about the demograph of people you are speaking to.
EG.
foreigners - talk about remittance to their home country/family
investors - talk about the asset holding(hoarding) or day trading on legitimate exchanges
consumers - talk about the shops in your area they can use it with

try to think of as many uses/solutions as you can, and then when asking people what they do in their daily lives you can tell them how bitcoin can help them
23135  Alternate cryptocurrencies / Altcoin Discussion / Re: EARN Crypto NOW with Storj DriveShare on: December 17, 2015, 06:19:42 AM
It's dangerous, people could host ilegal/dangerous files & we could get into trouble because it. Also, i'm sure if it's secure enough, people who rent their drives could try to crack/access the files Roll Eyes
I still prefer to store my files (and encrypt it) at cloud storage than host my files to unknown people.

cloud storage=unknown people
unknown people=cloud storage

'cloud' is just the post millennia branding of remote storage..
23136  Alternate cryptocurrencies / Altcoin Discussion / Re: EARN Crypto NOW with Storj DriveShare on: December 17, 2015, 06:07:03 AM
Can't argue that... alas I didn't start the thread.

Or at least "Deposit crypto to earn a bit more crypto".  Still trying to figure out what my TB's are going to earn during the Beta... I know I should earn some more SJCX, but unclear if that is 100, 1, or 0.001.

be warned, price might be 0.3btc for 10,000.. but they may ask you to beta test for X days to receive reward.. right when the price tanks,

its happened before on different projects. and might be worth testing on a system that doesnt have your bitcoin's wallet.dat.. just to be sure
23137  Alternate cryptocurrencies / Altcoin Discussion / Re: EARN Crypto NOW with Storj DriveShare on: December 17, 2015, 04:57:25 AM
Kindof.  Its very easy to transfer funds both ways.  If I got tired of testing, I could move my 10K over to Poloniex and sell it.  I'd be at the mercy of market whims of course.

but the title says earn crypto... lol title should read "deposit crypto to test beta"
23138  Alternate cryptocurrencies / Altcoin Discussion / Re: EARN Crypto NOW with Storj DriveShare on: December 17, 2015, 03:56:26 AM
so to become a storage peer.. instead of receiving funds you need to hand over atleast $150

lol.. right!!!

the storj altcoins should be given away for free..
23139  Bitcoin / Hardware wallets / Re: [Hands On] KeepKey Hardware Wallet - Notlist3d on: December 17, 2015, 02:40:17 AM
Nice review! Thanks for doing this! I still do prefer my Trezor though!

Nevertheless more options we have it's better and competition from all of the sides is what will push us into the progress that will propel the Bitcoin technology upwards!

Thank you! And honestly I appreciate all feedback about all hardware wallets.  Telling me your wallet/favorite features of your hardware wallet you have really is great info!

So thanks again to all who have shared.

hardware wallets have their advantages. id say security wise its on par with paper wallet, because its only secure while its not connected to the internet.

so in a rough visual
using third party websites (exchanges/wallets/banks) is <50% safe
using full node is 80% safe
paperwallet/hardware wallets are 90% safe

but still dont advertise them as the hack-proof, fool-proof, indestructible way to use bitcoins.

when a hardware wallet eventually comes with software that is locked inside the device with an autorun ability on plug in, thus not requiring any downloads or computer resource (no extensions) then the safety can be increased to more than 90%.
but until then be careful with any alert to update/replace browser extensions. especially if the resulting update suddenly asks for the seed
23140  Bitcoin / Development & Technical Discussion / Re: Segregated witness - The solution to Scalability (short term)? on: December 17, 2015, 12:23:35 AM
https://www.youtube.com/watch?v=NOYNZB5BCHM

Peter Wuille: Segregated witness and its impact on scalability at SF Meetup with more time for questions and clarifications.

I would love to listen to this since the latest lecture was very limited in time as there was a bunch of other speakers in queue, but I just can't stand having to hear a voice from only one of my headphones...

Is there a way to make the sound mono? It's not that hard to do it before you upload it, so much for tech geniuses that fail to duplicate the left audio channel into the right one before uploading Tongue

First world problems. Just sayin'.

You could always just short the left hot to the right hot. An adapter could be soldered up in five minutes tops, and that would include the time spent rooting around for the soldering iron. Or go ghetto and slice into the leads, twisting the wires together.

^(partially) in jest.

....or wait till he gets home and listen with speakers instead of headphones at work. I bit tedious we have to point out the obvious

or even a simpler hack..
you know when you put an audio jack into the socket. you feel it click twice.. pull it out slightly so you feel only one click..you should now get mono in both headphones
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