"exchanges from manipulating the data"
Well the idea is to have an exchange that is as hard to manipulate as Bitcoin is.
This isn't possible without using an alt-currency. A decentralized USD-BTC exchange is seen differently by different nodes (because of the WOT required). |
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Dubious is a word that I find ascribes well to most information related to bitcoin.
In my dialect of English, the word "dubious" can mean "disputable" as well as "doubtable". The former was what I meant. |
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I'm an enthusiast. I haven't bought a thing, have less value in bitcoins than I do in solidcoin, and have lost more through trading than earned. 100% of my bitcoins were freebies which I unfortunately lost a lot of - because I don't have any "useful" good or service to provide and don't want to invest in bitcoin, which looks like is continuing to lose value. The technology facinates me though, and with improvements I truly believe Bitcoin or one of its derivatives will change the world.
In short, I'm here because Nakamoto is the next Einstein.
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I switched to the SMF core theme recently, as it looks little different but the text is cooler. After browsing a while, I realized that advertisements are no longer displayed! Moreso, this behaviour is actually intentional as outlined by theymos in one of his posts about the average impressions.
This behaviour does not make sense. Although not many people are currently using a non-default theme, and obviously advertisements can be wiped out by user extentions anyways, why are the people who switch themes treated differently? An advertiser would ususally pay more for the people who are invested enough in the forum to switch themes, in fact, because they will have more respect and experience with Bitcoin.
Is there a technological limitation that prevents advertisements from being displayed, is it an oversight, or is there a benefit is hiding the advertisements for these themes?
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Is there some reason the "number of transactions" part keeps getting ignored as well? You can make an argument that the "size of the network" part is misguided, but there is no question that the "number of transactions" is unequivocally false. If you are going to make a video on "how bitcoin works", it behooves you to know what you are actually talking about. But who am I to try to bring logic into a investockurrencommodity based on belief.
The "number of transactions" is true, because most transactions pay a fee which is recycled into the network. Although it is disputable that the bitcoin is made, as you could say it is transfered. |
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do you want 2 wallets, but only one block and transaction confirmation engine?
well im working on a more modular client, that it would be relative easy to get to support 2 separate wallets.
its more like a daemon:
network daemon <-> blockchain and transaction verification <-> wallet daemons.
each wallet daemon would send a subscribe command to that blockchain daemon, for every address. and only receive tx, to these addresses. and when a wallet would like to spend something, it sends a signed transaction back to the block daemon.
the daemons could even be on different computers(using some RPC), for extra security.
yes please, sounds great... or how about 2048 wallets and only one block and transaction confirmation engine  (i have a habit of investigating scenarios that i'm not even likely to use... just to find out where the limits are) having the functionality separate as you suggest, sounds like a great idea. I believe the latest solidcoin client includes multiple wallets, so a merge may be possible without requiring python and some other dependencies like that. Unfortunately the code is not licenced under an acceptable licence for redistribution, however personal use should be acceptable. |
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When a reply gets removed from a post do we get any notification from the system?
I did not get notifications when my posts get removed. I'm not sure if this is a setting or something, a forum admin would have to clarify. |
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yeah I forgot spreading disinformation is par for the course around here
in what way is it disinformation? bitcoins are created at constant and predictable rate, depending on the size of the network.its incomplete, but its not false... what? they should have added 30 mins to explain exactly how this is accomplished, and why it may vary a little? come on.... This IS false. Size of network means nothing... I assume the rate is dependant of the size of the network, a reference to difficulty adjustment. More clarification is needed is all. |
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I was proposing to value Bitcoin by taking an average from all the data we can from an exchange; LibertyReserve, any fiat currencies traded, even gold.
How can you prevent the exchanges from manipulating the data? Even if you take the median rather than the mean, this is very much centralizing the difficulty adjustment. "alt currencies generally rely on bitcoin for value"
Hang on, does that mess it up because that would mean it's feeding into itself?
A P2P exchange can be set up using more than one cryptocurrency through a bitcoin-like system, which will allow taking bitcoin's price over a large amount of alt currencies. This is very unreliable because such volume would likely be so small any person with ten grand could manipulate difficulty greatly. |
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Got a PM from him, thanks.
Original post updated. Also changed EST to EDT as daylight savings just started!
Didn't daylight savings just end in EST? |
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Posting on behalf of a newbie: Hello. I am new here, been lurking for a while now but now registered. The thing is, that newbies cannot send PM's and also cannot post anywhere else than here. So someone who is not a "Newbie" anymore, please post to this topic on my behalf saying that I will make the first offer of 15BTC. Done. |
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Posting on behalf of a newbie: Hello. I am new here, been lurking for a while now but now registered. The thing is, that newbies cannot send PM's and also cannot post anywhere else than here. So someone who is not a "Newbie" anymore, please post to this topic on my behalf saying that I will make the first offer of 15BTC. |
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Here is another version with the different currency volumes ordered by exchange.
*image*
Why is btc-e not included in this chart, or am I blind? |
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further advantage of placing upward pressure on the price.
 ?? Why is this an advantage? Sorry, that was a typo. You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit. Mining the network isn't doing anyone a charity right now, because I doubt people who say they are "just breaking even" have considered the cost of maintaining the rigs and hardware depreciation. We're well below production cost now, and it's time to adjust to the new price and difficulty levels. You doubt that people have cheaper electricity than you? That's just foolish. I am still running at a profit, albeit a miniscule one. Remember that difficulty thing? People are generating ~33% more coin. Your hardware is losing value every day. The time one expends on maintaining ones rigs is likely worth more than whatever slim profit one could make when taking hardware depreciation into account. |
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Not really much being said about what I first posted about. Maybe it's already spoken for itself.
*image*
All this proves is how well the solidcoin difficulty algorithm works... |
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Due to a mass of trolling, only established posters are able to post in non-newbie sections. You are considered "established" if you have spent 4 hours online and have made 5 posts.
Note that it may take up to 10 minutes for your PM or posting permissions to be granted.
Lol, I hope not 4 consecutive hours loged....my internet loves disconneting a lot and I would never make it past the newb town if that was the rule  Remember that HTTP is stateless and you are considered logged in for 15 minutes since you last click a link. The time logged in does not need to be consecutive. |
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No moderator should ever change a title to place any blame on a user. Since by definition these threads are opinion-based, placing "thinks" or "says" next a a user's name is stating that the argument is less strong than its reverse. MoonShadow would not have changed a thread to "MoonShadow says piracy is good", so it does not make sense to change Serge's thread in that manner.
Rather, these threads should be named "Piracy is bad", "piracy is good", "piracy is not copying", etc.
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ack! Can't edit typos.
I should point out that this relies on p2p currency exchange and probably best employed by an alternative cryptocurrency blockchain... perhaps some way to seed the value from a fixed point in time of BTC
A P2P currency exchange for bitcoin is near useless because alt currencies generally rely on bitcoin for value. Constant difficulty adjustment has been proposed, which I believe will better mitigate speculation. |
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further advantage of placing upward pressure on the price.
?? Why is this an advantage? Sorry, that was a typo. You are claiming that if your production costs just breaking even, you should just buy coins instead because it will place upward pressure on the price. If everyone did this, the network would cease to exist. Upward pressure isn't what we need, it's stability and security. One way to achieve this is with production cost parity. People shouldn't be making money for doing jack shit. Mining the network isn't doing anyone a charity right now, because I doubt people who say they are "just breaking even" have considered the cost of maintaining the rigs and hardware depreciation. We're well below production cost now, and it's time to adjust to the new price and difficulty levels. |
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further advantage of placing upward pressure on the price.
?? Why is this an advantage? Sorry, that was a typo. |
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