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2421  Bitcoin / Bitcoin Discussion / Re: Bitcoin Developers Adding Minimum Transaction Output Size! - to Gavin on: May 07, 2013, 01:05:05 PM
To be fair, 0.8.2 will be the one silently dropping transactions that were valid to all clients before that. Transaction relaying just became more of an issue...
2422  Bitcoin / Bitcoin Discussion / Re: BitTorrent Sync - An inspiration for the blockchain? on: May 07, 2013, 12:59:44 PM
No, if I have to trust others to keep data for me, there are easier solutions again.
Also, it will take a long time still to reach 1 terabyte. Just pruning alone makes the utxo set shrink to below 1gb AFAIK.
2423  Bitcoin / Project Development / Re: [BETA]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: May 07, 2013, 12:23:48 PM
Uninsured lending however has the same risks but far higher rewards, I guess that's what he wanted to point out.
2424  Bitcoin / Bitcoin Discussion / Re: BitTorrent Sync - An inspiration for the blockchain? on: May 07, 2013, 07:15:33 AM
Also the initial block chain bootstrap process is usually NOT limited by download speed but by CPU speed to verify the transactions. There's also already a well seeded torrent file with all block up to a certain height (the latest checkpoint that's compiled in anyways) to speed up downloading even more.
2425  Bitcoin / Bitcoin Discussion / Re: Wouldn't it be possible to create a MASTER block and start the blockchain anew? on: May 07, 2013, 07:12:25 AM
Why can't bitcoin be coded in a way where you can verify how many coins different addresses have, instead of having to keep the entire history of every transaction.  It's like how miners who find blocks get 25 Bitcoins on their address without those Bitcoins ever having been anywhere before.
Do it and create a patch, it's open source (or pay someone to do it).

Sorry to burst your bubble, but internally bitcoin doesn't really know a lot about addresses at all... it cares about unspent outputs of transactions. To refator this would be a HUGE undertaking and as jubalix said, you could anyways just create a lot of addresses with tiny balances instead of a lot of transactions with tiny outputs to spam the chain.
2426  Bitcoin / Development & Technical Discussion / Re: . on: May 07, 2013, 07:03:41 AM
znort what the hell?! Undecided

Why are all your posts deleted + OP censored?
2427  Bitcoin / Development & Technical Discussion / Re: How are unconfirmed transactions relayed? on: May 07, 2013, 07:00:30 AM
If it's adding unconfirmed tx's to the memory pool, couldn't a person attack via this way?  Everyone adds all the BS spam tx's and it overloads?

As I already wrote above, there are no "BS spam tx" - they either really do cost real coin or are not relayed if your client deems them to be "BS". If a client sends you a lot of these (to DoS you maybe), your client will simply cut the connection to that one and move on with it's life.
2428  Economy / Service Discussion / Re: How will 0.8.2 affect S.Dice? on: May 06, 2013, 11:12:49 PM
Nah, I'm not in the underground facility any more. I packed up the hookers and blow and we're all living the sweet life in a penthouse suite now.

Grin

A gem from Gavin - keep up the good work (hopefully my rapidly filling up hard drive will be able to last another year).


What I don't understand is why couldn't S. Dice simply broadcast the transaction without including it in a block? The player would have the zero conf transaction popping up notifying him whether he won or lost and there is no "dust"
With the new default rules, these transactions wouldn't be relayed - and even if you are the only one with the new client, if you play by the new deafult rules, you'd not see this transaction until is has been mined.

There is not really an issue though, as the setting is just being made configurable, the only issue is that is is being set not to the previous implicit value of 1 Satoshi, but by default to 5430 Satoshis. Anyone can set it differntly for mining and relaying though, so if you're unhappy, 1-2 lines in your config files are enough. You might need to connect to other lower relaying nodes though and have a path to a lower mining pool/miner, looking at current adoption rates in the network though you might still be fine for quite a while.
2429  Bitcoin / Development & Technical Discussion / Re: How are unconfirmed transactions relayed? on: May 06, 2013, 11:00:26 PM
As far as I get it, your client will also actually take a look at the transactions, to make sure it doesn't spread fake/bogus/spamming/double-spending transactions - it will on one hand check if the script(s) of the transaction adheres to certain standards, that are deemed "safe". Also it will not allow the spreading of transactions that spend inputs that are already spent in another transaction in the memory pool.

The recent inclusion of transactions that have less than 5430 Satoshis as output in the "is not standard" category (which is blocked by default on clients to limit the capabilities of the transaction scripting language to a safe set of instructions) caused some uproar yesterday, as the option is now configurable, but not set by default at the previous implicit level of 1 Satoshi.
2430  Bitcoin / Project Development / Re: [BETA]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: May 06, 2013, 10:35:23 PM
Providing insurance funds only pays off if:

* there is FAR more demand for insured positions than uninsured positions, meaning your funds will actually be used all/most of the time.
* there are little/no "black swan" events that eat away your profits (even smaller cuts, as soon as they are above x% might eat a year's worth of profits).
* the lending market is oversaturated like right now at the moment (I have horrible return rates in the USD market atm, started gambling with a few margin positions to earn and learn a bit about the system, earned some, lost some, learned a lot!) and actually offering to lend the money won't help, as it won't be taken - the catch however is that if the average rate is at 100% you'd even make a profit compared to providing insurance even if you just offer at 10%...
* you have no idea about the lending market, don't want to learn or know anything about it and are only knowledgeable in the external risks that might influence Bitfinex, so you could assess this better from the outside somehow.
* you get additional benefits that are not mentioned here so far (shares in Bitfinex, free trades...?!).
2431  Bitcoin / Bitcoin Discussion / Re: Wouldn't it be possible to create a MASTER block and start the blockchain anew? on: May 06, 2013, 10:23:31 PM
If you consider "every block since Satoshi's genesis block" as the valid block chain, you'd need the previous blocks to verify the "master block", which again means that you'd either have to trust 3rd parties for the hash value of the master block or spend time and bandwidth to download the necessary blocks to construct the master block yourself.

As Bitcoin is all about eliminating 3rd party trust, the former is not really an option (there would be simpler solutions than this, if you trust some 3rd parties even to some small degrees), so all you'd really do is to force newcomers into some 3rd party trust scenario or just maybe make it easier to download the blocks that the master block consists of/builds upon as these would be a static set - they would still need to be verified though.
2432  Bitcoin / Bitcoin Discussion / Re: What Mining Pools will not be upgrading to 0.8.2? on: May 06, 2013, 08:40:07 PM
There are 2 issues:
1) You need to get your 1 Satoshi transaction RELAYED to a miner - this is probably the more difficult thing on your end in the future, as you might need to specifically add a few nodes that advertise themselves as relaying even tiny transactions. This could also lead to some local centralization in the network.

2) You need someone to MINE/INCLUDE your tiny transaction in the block chain - this depends on the settings miners have in their .conf file, it just defaults to 5430 Satoshis. It is actually a good thing that miners have now a better way to decide what to include. This is probably goind to be the more costly part in the future, as you might need to "bribe" some miners/pools to allow these transactions. Also I guess pools wouldn't want a lot of users to connect to their bitcoinds (or to publish their IPs), so they might cooperate with the relay nodes mentioned in 1).

You just need to enter 1 or 2 lines in your config files to have the same ruleset as the current one concerning mining and relaying transactions - it might get harder and harder to get transactions through to miners though.
2433  Bitcoin / Project Development / Re: Very cheap hosting and support for mining in Iceland, opinions? on: May 04, 2013, 11:49:13 AM
Does this datacenter also have a web presence that we could check out?
2434  Economy / Service Announcements / Re: {ANN} LTC/BTC Arbitrage to 3 Major Exchangers on: May 04, 2013, 09:51:53 AM
Moving funds is difficult in BTC and LTC? Why?
2435  Local / Altcoins (Deutsch) / Re: Ripple - was genau ist oder wird das? on: May 04, 2013, 06:17:54 AM
Du kannst xrp auch kaufen... Zurück geben kannst du die 300 nämlich nicht, außer du legst dir noch mehr zu da du mindestens die 300 brauchst um überweisen zu können.
2436  Bitcoin / Project Development / Re: [BETA]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: May 03, 2013, 10:57:20 PM
Also interest is credited daily, next time in about an hour from this post.
2437  Bitcoin / Project Development / Re: how to say 'Bitcoin' in your national language? on: May 03, 2013, 10:31:35 PM
EBPO is just Euro in Cyrillic letters... Roll Eyes

No its not, if you knew anything about the Bulgarian Language you would not say that. EBPO is EVRO a 'B' is a 'V' in Cyrillic. It is also pronounced 'EVRO' in speech. Are you trolling?
Call the European Central Bank then and tell them to stop putting out new 5 Euro notes with exactly this transliteration...

Some people...

Also as already said, there is a thread with literal and most likely used translations and transliterations of bitcoin already on the forum. Use Google site search for example.
2438  Bitcoin / Project Development / Re: how to say 'Bitcoin' in your national language? on: May 03, 2013, 08:31:25 PM
EBPO is just Euro in Cyrillic letters... Roll Eyes
2439  Local / Suche / Re: Passwort meiner Wallet verloren.. :/ on: May 03, 2013, 08:26:30 PM
Wieso, hat jemand dafür schon extra Software geschrieben?

Die normalen mining Algorithmen haben mit der Verschlüsselung nämlich nix zu tun...
2440  Local / Biete / Re: CryptCard.org - Kreditkarte mit Bitcoins kaufen on: May 03, 2013, 07:04:54 PM
Bitstamp ist so weit ich gehört habe sehr flott beim überweisen...
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