Bitcoin Forum
May 24, 2024, 03:44:18 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 [127] 128 129 130 131 132 133 134 135 136 137 138 139 »
2521  Other / Archival / Re: Satoshi's Place Ad Grid *CAMPAIGN 0.02BTC / week* on: November 23, 2014, 05:29:31 PM
I would like to join.

16pPJ9Tgot6dYnrxvqC76mz6esn1cbAmkC

Thank you.

(current post count: 254)
2522  Economy / Services / Re: BitDice.me - Signature Campaign! [STARTED][ESCROWED] on: November 09, 2014, 09:25:11 PM
Those users will not be prolonged: btc-facebook, funtotry, bf4btc, bryant.coleman, Carra23, Coinshot, arieq, peligro, sumantso

Guys I'm really appreciate your contributions and everything was great, however I need to optimize this campaign as it almost gives nothing. Thus I will replace you with the new members you still can reply in this thread and if I will not able to get new members I will add you again however since today I will rank all users and will also rotate at the end.
I have removed my signature, if you decide that I can continue then let me know and I will put the signature back on. I do not wish to give away any more free advertising (as you started the campaign several days after you made your OP, receiving several days of free advertising).

If you were expecting more then 20 posts then you should ask for more then 20 posts, it is not fair to ask for one thing then expect for more. I am very busy with RL things and took the time to advertise for you based on what you were asking for.
2523  Economy / Services / Re: BitDice.me - Signature Campaign! [STARTED][ESCROWED] on: November 09, 2014, 07:25:33 PM
PS: I'm gonna remove some more users as they stick to 20 posts only (they were paid in full), that's not against the rules, however I see a lot of users who make 50 and 100 posts per bi-weekly, and I'm gonna try to make this campaign more productive by rotating users.
payment received thank you. How many posts do you want users to make a goal of making? If you are asking for a minimum of 20 then that is what users will try to make.

Also ALL those who wants to continue the campaign you need to write with updated posts count and your member level if it changed since last time.
Current post count (including this one): 252
Rank: full member (this is unchanged)
Payment address: 16pPJ9Tgot6dYnrxvqC76mz6esn1cbAmkC (this is unchanged)

Thank you
2524  Other / Archival / Re: Updated Overview of Bitcointalk Signature-Ad Campaigns on: November 09, 2014, 07:22:14 PM
Does anyone know when BitDice.me signature payments are due?
There is no need to post here, because it's explained in the BitDice.me thread. I suspect that you posted this, just to increase your post count. That is something I highly disapprove off.

Anyway, the OP is away till 11 or 12 November, so payments will be done on those dates (but give it another day, since he has been on a long trip). If nothing happens after the 14th, I will take over the campaign and pay the participants, since I'm the one holding escrow for said campaign.
I posted here because I knew you were escrow for the campaign and assumed that you would check here more regularly then the other thread. Plus I have already reached by posting goal.

Anyway I just received the payment today from the OP of the campaign.
2525  Other / Archival / Re: Updated Overview of Bitcointalk Signature-Ad Campaigns on: November 09, 2014, 04:04:39 PM
Does anyone know when BitDice.me signature payments are due?
2526  Bitcoin / Bitcoin Discussion / Re: Why There Should Be A Bitcoin Central Bank on: October 25, 2014, 06:22:25 PM
Why would we need a central bank?  I don't understand the purpose of trying to get a bank involved into Bitcoin.  I think Bitcoin was purely created for the opposite purpose.  

The logic is simple:

1. There will be Bitcoin banks because many people like to have someone else hold their money (for example, all the people with money in their Coinbase accounts and on exchanges).

2. These banks will loan out their deposits (because they can and it generates a profit). That means fractional reserve banking for Bitcoin.

3. A Bitcoin central bank facilitating inter-bank lending of reserves will lower the occurrence of Bitcoin bank defaults.

There should be a Bitcoin central bank.

The proposed NY regulations would actually prevent 2 from happening as the regulations would require that any exchange hold an amount of bitcoin equal to or greater then the amount of bitcoin owed to their customers via deposits

EDIT: I would also prevent 3 as well as there would be no point for 3 if 2 cannot happen
2527  Economy / Service Discussion / Re: Another bitcoin site banned from Reddit on: October 25, 2014, 06:20:46 PM
Probably because you spam posted your site.

"spam"
Well according to the rules of reddit (which you agreed to when you signed up for an account with them) this is not allowed.

I am not 100% sure if this would be considered "spam" or not, but it was certainly against the rules and you were trying to manipulate the system.
2528  Economy / Service Discussion / Re: Any other sites similar to Circle Bitcoin Exchange? on: October 25, 2014, 06:18:29 PM
I have been using coinbase since. Why should I transfer to others?
Coinbase is definitely NOT user friendly. I wonder why people still use it.
I haven't had problems with it myself..
But many others do.
People will have the same kinds of problems with cirlce too (they have just not been around for long enough for people to report them like they have of coinbase.

With both of these services you are essentially taking out a short term loan from cirlce/coinbase until they actually receive the money from your purchase
2529  Bitcoin / Bitcoin Discussion / Re: Lower tx fee, but still doable? on: October 25, 2014, 06:16:35 PM
It can be done if you use electrum whereby it allows you to use the CSV import feature to make mass payment. This is similar like what all the faucet sites do to perform payout. The current version of electrum has been improved to make this easier

Thanks guys!
From blockchain.info I looked up a lot of transactions and found various fee value attached from 0~0.005.
Tried to send with lower fee and it's accepted by miner with no problem.
Maybe I'll try electrum.
This answer is actually not correct.

If the TX fee that you give is too small then your TX will be generally considered (by most pools) to not include a fee at all. So if you are going to make a TX with a fee of a lot less then .0001 (you might be able to get away with .00005, but probably not)

I would suggest that you make one TX with several outputs as this would likely save you in TX fees and would cause less blockchain "bloat"
2530  Bitcoin / Bitcoin Discussion / Re: Predictions : Mining of new bitcoins stops tommorow on: October 25, 2014, 06:13:50 PM
If mining of new bitcoin will stop tomorrow there will be an apocalyptic scene to the bitcoin protocol, there will be only unconfirmed transaction  Roll Eyes

The old Bitcoin Core clients (up to v0.3 or v0.4, I think), had a built in CPU miner. I think we should re-enable it!
For CPU mining, this would not make sense. The current difficulty is so high that it would take a good two years (at least)in order for the difficulty to return to a level that is profitable for CPU mining.

If for example the difficulty were to decrease by 50% then it would need to take an extra two weeks to find 2016 blocks (this can happen either over one difficulty period or over several, however it needs to take a total of an extra two weeks). In order for the difficulty to decline by 75% (or decline a further 50% after declining 50%) i would need to take an additional 2 weeks to find an additional 2016 blocks (or a total of 4 weeks). This does not sound like a lot of time, but you need to take into consideration the fact that CPU mining is really only profitable when difficulty is in the 1,000's but right now the difficulty is just shy of 36 billion.

This means that it would need to take an extra 22 times two weeks in order for the difficulty to get to ~8500, which is still in the upper range of what would be profitable for CPU mining
2531  Bitcoin / Bitcoin Discussion / Re: Found a Major Security Flaw on: October 25, 2014, 06:04:04 PM
Yeah, I assume they wouldn't want it out there. It could put people at risk.
$100 though....that seems almost like not worth even asking for.

Maybe I should just tell them what the deal is.
It is probably advisable to let them know about the risk. The reward will likely be based on how big their security "hole" was and how much they could potentially lose in the event that someone would have exploited it.

I would certainly disagree that it is not worth asking for $100 if this is an amount that they would owe you. It would only take at most a few minutes to ask at most.

Reported, this is extremely off topic. What the heck went through your mind when you posted this?!

Take a look at his sig and you'll know why (I have already given up trying to report them - the mods will actually just reduce your *accuracy* for reporting them - spamming rubbish into every single topic is *perfectly okay* with this forum unfortunately).

I think,the price of a coin is mainly decided by two convenient, cost is a factor, but the more important is : the relationship between supply and demand.

Reported, this is extremely off topic. What the heck went through your mind when you posted this?!
I hope you both realize that by posting that you reported a post, and talking about why someone posted something that makes zero sense you are yourselves posting something that is off topic? You are doing nothing then distracting from the original discussion of the thread
2532  Bitcoin / Bitcoin Discussion / Re: Patrick Byrne: Cryptocurrency Will Be Bigger Than the Internet Itself on: October 25, 2014, 05:57:43 PM

snip

Technically/technologically , it is possible to built a network completely separate from the internet based on  what Beliathon suggest ,  unfortunately it would be so unwieldy, so slow,so much more work needed(infrastucture,interface ,funding etc) that you might as well kill bitcoin right ahead than put it through such sorry state of existence(for younger readers think Voldermort from "The Philosopher's Stone").Bitcoin in that state would never be  a threat let alone replace the comtemporary currencies he so loathed.
It would not make any sense to do this. It would increase costs if you were to build a new/separate network just to relay messages like this
2533  Bitcoin / Bitcoin Discussion / Re: Altcoins are killing Bitcoin and Cryptocurrency as a whole on: October 25, 2014, 05:45:11 PM
Altcoins are so small compared to Bitcoin it is hard to believe that they have any effect at all. Do you have any evidence to support your claims?
All the altcoins as a whole make up ~20% of the market cap of bitcoin (at least they did at the beginning of the year - I believe they have overall gone down in value since then so I am not sure where they stand now).

The reason that new altcoins are allowed to be brought to market is because the market allows them to do so. If the market were to stop accepting new shit coins then new shit/altcoins will no longer be brought to the market. To date I have not seen one altcoin that brings anything useful to the market that bitcoin cannot provide.

I would also argue that each new altcoin takes away value from the other altcoins instead of from bitcoin
2534  Economy / Service Discussion / Re: Question regarding a faucet, payouts and dust on: October 25, 2014, 05:38:47 PM
Most faucets will partner with an offchain wallet service like microwallet that will handle payments for you.

The setup would work so that you would deposit funds at microwallet, then whenever someone claims funds from your faucet the amount that was claimed would be transferred to their microwallet account. Then once the user has accumulated enough and requests a payout they will send payouts in batches.
2535  Bitcoin / Bitcoin Discussion / Re: Cost of production linked to the price? on: October 25, 2014, 05:34:42 PM
I think a lot of people would be trully shocked if they learned just how cheap it is to produce mining hardware. That it's sold at a price that makes retail mining a break even proposition at best is of no relevance. These things are cheap to make, money printing machines. It's just that the manufacturers sell them for a price close to what they would make from operating it over its entire useful lifetime. But the cost to produce the hardware is negligible, and therefore the real cost of producing a Bitcoin is close to negligible as well.
You need to remember that the majority of the cost involved in producing mining hardware is from research and development. ASICs are very specially developed and it will generally take a lot of trial and error in order to develop the technology needed to create/produce an ASIC 
2536  Economy / Service Discussion / Re: OpenBazaar - decentralized eBay on: October 25, 2014, 05:31:27 PM
Because of market dynamics. Serious arbitrators that want to do arbitrage on the long run as a "living" won't sale their reputations in the first place. Of course in a small pool it would still be fairly easy for a scammer to buy enough accounts but impossible in a large pool.
I don't think it is realistic to say that you could earn a living acting as an escrow agent in this regard. This is especially true considering that your reputation is at risk anytime you make a decision as it could appear that you are scamming (when you are really not). I have spoken to a couple of people who use escrow services on this forum and have been advised that they generally would only have a few hours worth of work from providing escrow services each week. If this is true, then in order to make providing escrow on open brazzar a "full time job" then they would (ironically) need to have (either by buying accounts or creating them) multiple accounts
2537  Bitcoin / Legal / Re: Angry threat from BitStamp. Put myself in danger or they'll steel my money. on: October 25, 2014, 05:22:03 PM
I don't know why people think this a problem witn the exchanges. If you don't like KYC/AML laws then you need to tell this to your government, not the exchanges. They do not make the rules and they are not going to violate the law so you can keep you 0.5BTC secret.
True , but if they allow you to deposit without verification then they have to let you withdraw in a reasonable amount of time as well if the rules change.
When you sign up for an account with an exchange, you will need to accept (and agree to) certain terms that the exchange provides you. One of those terms is that you will submit certain KYC/AML documents so the exchange can verify your identity (and likely that you cannot withdraw any funds until these documents are received and accepted)

The exchange accepts your funds under the assumption that you will submit these documents (as you agreed to do so) in order for you to be able to trade on their marketplace.

I would say it would be a very different issue if the OP had sent KYC/AML documents to bitstamp and for whatever reason they were rejected.

I think you are correct from a moral standpoint, however from a legal standpoint it is much less clear.
2538  Bitcoin / Legal / Re: Bitcoin is "NOT" Legal Tender According to IRS on: October 25, 2014, 05:16:09 PM
-The IRS did not "declare" anything or create any new laws or orders, they simply gave advice based on their current rules.  Such a ruling in not binding other places or affect other definitions such as those by FinCEN or the Courts (Shavers and Silk Road).  There are phone numbers on the IRS notice and I have spoken with the women who is handling how digital currencies are reported and she is very helpful.  I had called her about the issue that the guidance was issued so late in tax season that it caused me to file an extension.  I had hired some local accountants and they screwed everything up so I ended using Tyson Cross.
Congress with often direct Federal Agencies (via law) to create a new rules (or more often, rules) regarding some specific issue that congress wants address. Congress does not direct the agency to make a rule go one way or another, but just to make a rule that achieves a broad public policy. The agency would then draft a rule, solicit public comments, and then potentially edit and repeat, or create a final rule which would have the same effect as law as congress has delegated this authority to them.
2539  Bitcoin / Legal / Re: Buying on Silk Road on: October 25, 2014, 05:11:31 PM
Breaking News: Silk Road shut down, FBI illegally seizes millions in bitcoins, suspected DPR arrested!
Post pics or it didn't happen, lol.
This happened over a year ago? He has been in jail for as long, and it has been widely reported by multiple MSM (and non-MSM) sources.

The OP is technically talking about SR2
2540  Bitcoin / Bitcoin Discussion / Re: Gavin Andresen Proposes Bitcoin Hard Fork to Address Network Scalability on: October 25, 2014, 05:07:01 PM
A handful of large organizations probably could run Bitcoin at these rates but realistically that's about it, and at that point they may as well do away with the blockchain itself and make it a real-time system like VISA.  That's why clued in folks like the blockstrream guys are looking around for a solution which will let Bitcoin scale to these levels without abandoning the very desirable aspects of the solution that it has today.
Pretty sure satoshi talked about light clients for the masses.  Also pretty sure VISA keeps a ledger.  Are you suggesting that "clued in guys" have insider knowledge that storage technology isn't going to continue to grow and get cheaper?  Do you also think "clued in guys" are writing solutions that pay people to mine things other than bitcoin are doing so completely philanthropically and not out to make a buck?  Is there any real evidence that sidechains aren't just going to be the new altcoin?

ETA: Considering the cost of ASIC mining equipment, storage technology would actually have to start shrinking and increasing in cost to the point that individuals couldn't afford computers before it would begin to matter to miners.
Visa does not actually keep a ledger. If you wanted to use a Bitcoin analogy, you would say that Visa acts as a node (that does not keep a mempool of unspent inputs) and will only "accept" a transaction if the issuing bank confirms there is enough unspent inputs (credit line available).
Pages: « 1 ... 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 [127] 128 129 130 131 132 133 134 135 136 137 138 139 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!