I am not too familiar with your site. Could you answer a few questions please?
When you say a "free tournament", what does that mean? Does that mean there is no entry fee? Does it require member/players to risk their own money? Is membership at your site free? Are bitcoins/chips given for free to allow people to play in those tournaments? Are players allowed to withdraw all their winnings afterward with no conditions?
Thank you.
I can answer that: "Free tournament" means it's a tournament that is free to enter. There's no entry fee. The players don't have to deposit any of their own money at all. Membership is free. The winner of the hourly freeroll gets 50 chips; each chip is 1/1000th of a bitcoin; the minimum withdrawal is 100 chips, so you have to win twice before you can withdraw (or you could deposit enough to put your balance up to 100 chips, then withdraw). The only condition is that you can't withdraw less than 100 chips at a time. There's no requirement to play a certain amount of "real money" games before you can withdraw. I think this qualifies as a way of getting bitcoins for free. Thanks dooglus, that is all correct. Of course you CAN deposit and gamble your own money too :-) The best thing to do with your 50 chips (imho) is to play the half hour game which costs 50 chips to play and has 100 chips added to sweeten the prizes.
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Suppose my some magic you could get the space of hashes for the last block down to 100. You'd have to do 100x as much work as everyone else.
But really you can't narrow the space in any meaningful way whatsoever. Not only do you not know the details of the inputs of the previous block, you don't know who will find it or where they will start looking in terms of nonce.
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Then again if one of those early mining rewards ever gets moved/consolidated then we will know for sure. Not really. If he moves a few they might be some of the only ones he has. I really doubt he lost them all, that would be pretty hard to do considering even after it was obvious they were going to be worth -something- you could still get them daily with a CPU.
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Seals has a free poker tournament every hour with a .05BTC prize. There are larger free tournaments from time to time.
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No thanks i will not celebrate 25 coins per block If you aren't excited for the drop you should keep more coins until you are.
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The more I think about local currencies the more obvious it becomes that their promoters like Lietaer are entangled in a fallacy: they end up opposing local circulation to liquidity. Local circulation is supposed to favour local commerce so they become concerned with monetary leaks. In fact, monetary leaks are simply the consequence of liquidity which is a desirable property of a currency.
The only defect of the monetary sytem that a local currency can correct is in money creation : local bottom-up money creation can correct the imbalance of the top-down money creation by the banks.
In other words, a successfull local currency is one that is created locally in volume but can flow gradually outside of the community. That's why bitcoin fits in the big picture and why so many local currencies today are only marginally effective because of low volumes and/or no liquidity.
Local currencies are based on fallacy. "monetary leaks"! aka getting stuff into your community.
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I think a perfect world would have to be 100% post-scarcity, so we wouldn't need any medium of exchange. People would just share and help each other out of kindness. I agree that in a perfect world we wouldn't need bitcoin or currency, but whether that perfect world can be created is another matter.
But I also think bitcoin is helping society into its natural stateless classless state
Why do you say classes are unnatural? Other primates have "classes" (social hierarchy) too, albeit less extreme than human classes. Kindness doesn't tell you whether to send the eggs to Dallas or Houston.
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If you were to pay off all of the debt in the world, there would be no fiat cash, period. Every dollar that is printed (digital or otherwise) is owned as collateral by the shareholders of the central bank that print it, plus interest.
The money is given value by legal tender laws; ergo, people have to accept it for all debts. To add salt to the wound, you don't even own the money you hold. It can be garnished and deleted by inflation. It's only of value to you by the contractual license of force: If you incur a debt, you can force the currency down your debtor's throat with a policeman by your side.
Where would all the paper go? My brother owes me 30 million bitcoins. Does this affect you or bitcoin? With Bitcoin, it only has value on a voluntary-basis. People will not take it because they have to but because they want to and choose to do so. To me, that's the most valuable thing about Bitcoin as a digital currency and why it's growth will be exponential: It's growth will come from the will of the people and not coercion.
I agree.
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What is the highest tx fee this miner has rejected? What tx fee would he need to reject to be an 'attacker'?
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I'm browsing and it goes from 15k penthouse to 20k vacant lot. Of course the lot is yours for a lot longer.
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Uhhh, freaking awesome. Are you responsible for this?
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So you say, I disagree. If 1 cent per tx kills Bitcoin then it was going to die anyways. I am not saying it needs to be part of the protocol we simple need to get enough miners to exclude non-paying transactions to force freeoaders to invest in the success of Bitcoin. If you think 1 cent is too much to be able to transfer an unlimited amount of value anywhere in the world instantly then you simply have unrealistic expectations and we may need to start working on that. Ok, in the example you gave, you're saying around 10%. Each block yields 50BTC, equiv $250 USD, at 10%, that would be $25 USD, or 5 BTC. 5BTC/80tx = .0625BTC = $0.31 per tx. Still pretty high for a tx, especially if it's for small amounts. If $0.31 causes there to be less than 80tx per block on average, that means even higher fees will be required to maintain 10%, which is a further disincentive to making tx. Until the number of coins generated drops significantly, and until the number of average tx increases significantly, this is still not enough of a disincentive for the botnets to stop mining empty blocks, nor is the incentive high enough for them to take on the whole 2GB blockchain on every one of their nodes. While this isn't a huge problem right now, if nothing is done to deny their entry into the network, it could eventually become a 51% attack, or could be used as a stepping stone for one. Artificially beefing up the miner's pocketbooks would be a far more expensive and less effective solution than simply changing the code to exclude freeloaders. Depending on how much BTC appreciates, the opportunity cost of freeloading might continue to be justified even after 2017. It also depends on the cost of running dummy miners vs miners w/ full blockchain. If the savings is significant enough (apparently it is for the moment), then direct disincentive will be required to prevent them from competing with legit miners or else the performance and the security of BTC will continue to be compromised. He was (clearly) talking about a time coming soon when total tx fees may make up 10% of the reward miners get for mining. Not 10% tx fees. simply changing the code to exclude freeloaders Go for it. Or maybe you could just read the discussion, that might be more your level.
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This offer will be available until March 20 @ midnight UTC 2013?
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yesterday i bought 0.80 bitcoin. Now i can't buy them anymore. What's happening?
I dunno if he does, but he ought limit it to that or lower per month.
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get the girl a little card with a QR code on it, and her picture. And something where the money goes straight to her bank account. like this https://pimpcoin.comGood idea. Change the name.
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I knew girls took their clothes off on the internet, but I didn't know they did it at reddit. One girl seems to like to write on herself, if she wrote her firstbits there I'd feel compelled to put some bitcoins in her address.
For research purposes only, I'll need a link to understand what you're talking about. But perhaps we'll both need to send her a PM about receiving Bitcoin. warning all, it's a girl showing girl parts. http://imgur.com/EEpdN
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I knew girls took their clothes off on the internet, but I didn't know they did it at reddit. One girl seems to like to write on herself, if she wrote her firstbits there I'd feel compelled to put some bitcoins in her address.
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Interesting, you get 0.01BTC to play with. My account balance is 0.01BTC but my accound address has nothing in it according to blockchain.info
It's probably like most other wallets where that is your deposit address they just generated and the funds (you've been given credit for .01BTC worth of them) are not allocated.
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If this functionality had existed at the time, it would've been a brilliant way for MtGox to verify users' accounts after the hacking last year! All they had to do was send out emails saying "Account #0582921 was originally funded with address 1Ahgk48sfQz. Please provide your name, address, and Dwolla acct number in a signed message by Bitcoin address 1Ahgk48sfQz to claim ownership." Again, the only person that can provide such a message, must be the same person that originally funded the account! That isn't failproof, people use Gox or any wallet to receive payments from others. I guess that's why you mention the dwolla number, but some people won't have a dwolla number and in some cases an attacker could have been paying a person dwolla and then switched to paying them coin straight into Gox. Also a webwallet or service provider would have a lot of "other people's" keys. Gah, I keep forgetting that "web wallets" exist. I've never used one because I never understood why I'd have another service hold my money when the regular Bitcoin client seemed simple enough to use...? So, the concept still works but only if the agreement starts out that way. It could be a prerequisite that, in order to use a certain online gambling site, that you must fund the account yourself and be able to sign messages with that original address. Or, there's an option when you start an account "I will create a login & password / I will use the first funding address as my identity." Sure, it does work with that caveat. BitLotto works on that assumption and even tells users which webwallets are ok. It's probably a good standard to have keys assigned to accounts and even blind the site administration to them, iiuc blockchain.info does that.
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Puhlease. If people don't like deepbit's decisions they'll move to a pool they do agree with.
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