I have an anti-authoritarian streak a mile wide. I once fired a potato at 250mph from a home-built cannon and took out the first speed camera in LA. I was 17.
And now the cameras have been turned off. Who knew the way to beat an unjust system was to simply ignore it as if it didn't even exist. [About a year ago the cameras were turned off because there were nearly 200,000 tickets that went unpaid which caused the scheme to become unprofitable to operate.] And Glendale just turned theirs off also: - http://latimesblogs.latimes.com/lanow/2012/03/glendale-gives-up-on-red-light-cameras-wont-enforce-tickets.htmlwtg LA, ignore this bitch to the ground. They get a lot done by leveraging implied violence. |
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1BTC freeroll in one hour, 11pm ET. Trying out a new format, it's a HU tourney. 500 chips, half a bitcoin, for first.
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I'd also say that more fees also would encourage more honest miners to ramp up their hashing power, diminishing this guy's %.
Indeed, making the definitely wrong assumption that everyone has the same costs would mean that even small tx fees would exclude tx excluders from profiting. I would think the 10% number mentioned as a possible near future amount would do a lot of good. |
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That is interesting nelisky, did you maybe give your IP a long time ago to be one of the IPs to add for people trying to connect without IRC or whatever? That would seem to give credence to the botnet theory as IRC activity might get some attention.
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Look at recent transactions... ( https://blockchain.info/ ) A$$hat is dropping transactions to get the block reward faster Making more work for legit mining pools Maybe TX fee is too low? How much faster is he getting it by not including tx? Indeed, maybe offer something substantial to be a part of his amazingly difficult computations. Or wait for one of the countless generous miners who are willing to do it for free. |
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But then: The point in cryptographic tools (like hashing the block to verify) is that the verify is quick, the reverse (brute-force) painfully slow? It was fast. The block chain took over 1000 days to create. If you downloaded and verified it in a day it was ~1000x faster to verify than create. With things like ramdisk (or improved client which keep portion of chain in ram) and the improvements the developers made to 0.6 it likely is 10,000x faster under optimal conditions. No doubt. And it took 1000 days for a very substantial amount of resources. And it could be done in 2 days (now hours?!) by one weak machine. |
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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. |
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OP, do you have a general problem with helping people record things they already know?
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Sheesh, he's talking about recording info he already has access to and making it easy for other's to do the same right? Don't send blocks or tx from your own IP if you don't want them to be connected.
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@dooglas LOL @ acceptance2, ROTFL, WTFWHT J8 with 3 cards that could beat him.  @FreeMoney Can I scour histories of past games for any player or just games I've played? You'll be able to request only your own, but that isn't available quite yet, hopefully soon. You can watch and save other's and your own if you leave the table open and then use the "copy all to clipboard" button at the bottom of the hand history window. |
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The reward drops are always cutting it in half. It may cause sudden drops in block rate or changes in value. This doesn't just apply to the first drop.
If fees remain the same or increase then level the impact of the fixed subsidy halving will actually be less each time. |
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1000x wow, so now we need 16 more bits or something to get the same security.
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Currently, miners currently reveal ip adresses and where their coins are sent, but these can be disguised via TOR or VPN.
Care to elaborate? |
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I gottcha OP. Around $1 there was a lot of stickiness imo. When it broke all the "a bitcoin should be worth less or about $1" psych it went up a lot.
So this year a good target from here is, oh, I don't know, $170 or so. BUY BUY BUY!!! Totally. But actually we aren't close to $10 and I don't think $10 is anything special psychologically, at least not compared to $1. |
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I gottcha OP. Around $1 there was a lot of stickiness imo. When it broke all the "a bitcoin should be worth less or about $1" psych it went up a lot.
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Why did you think it would go that high?
Because it was moving up? Now it'll never go up because it went down, right?
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Does it hurt Gox customers? Will they care enough to go to another exchange?
What if Gox or someone else said that this is what they do and offered lower, 0 or negative fees since they could make money that way. Would it be a problem?
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Has this part been considered?:
Senders pay fees, but the only ones actually benefiting from the fee's purpose (transaction being included in a block) are the receivers. So, wouldn't the receivers, aka merchants, be the ones with the interest in getting their transactions through, and as soon as possible, and thus wouldn't they be the ones to keep track of fees charged by pools, have contracts with pools, and force the senders to pay a fee of their choosing? If they only charge the lowest fee along with their merchandise, they'll have less guarantee of getting their money confirmed quickly (or if the transactions/block reach their limit, at all). So the incentive to enforce fees may even be higher with merchants than with miners.
Something Mike Hearn has mentioned before is that in the future people may just pass around unconfirmed tx and only when it's for something fairly important will someone bother to pay for confirming all the tx that their 'important' tx has as inputs. I guess that scenario assumes pretty high fees. |
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Seals is BACK.
2BTC freeroll at 11:15am ET.
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I still think the most important thing is that they have not figured out how to circumvent the proof of work... they will eventually include transactions when you can make some btc's from it.. currently it is still mostly block reward!
Why do we know that? We know that they solve about 30 blocks/day. For all we know they might have found a semi-analytical/statistical algorithm that just takes a few computers and we calculate their hashing power only by solved blocks. AFAIK there's no conclusive evidence that it takes them 1.4GH/s to solve 30 blocks a day. That's just based on the current difficulty. All we know is that it still takes them at least some work to do it, otherwise they would be faster by now. Umm, so with what 5 computers they can do 30 blocks a day, but they don't want to spring for 5 more? In this bizarro universe they make $5k/day and have a super awesome more efficient way to find blocks, but aren't investing that money in it. O K. |
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