Banks "make" money by printing it while Bitcoins and gold can only be made by mining them. No politician can decree it into existence to fix the problems they've created.
+1 and that's why they do not want bitcoin |
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Before I cast my vote, when was his payment due? Did anyone get paid back yet?
I'm wondering the same thing. |
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You need to make a file named bitcoin.conf and put inside it
rpcuser=username
rpcpassword=password
rpcport=port
where username and password are of your choice and port is 8332
Note: put a long password ok?
and then use that username and password in the miner.
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Why would banks see bitcoin as a threat? Coudnt they just accept it as a new currency, and incorporate it into the system like any other currency? Why try to destroy it when there could be money to be made?
Do you realize that central banks just PRINT money at will? You can't do that with bitcoin when there could be money to be made As i said, central banks literally MAKE money. With bitcoin, you can't. You can't go and be "ok let's print 2 billions bitcoin" |
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Unfortunately if Bitcoin changes significantly, the ASICs could be rendered useless. They're dedicated mining units, so they're only good for mining. It's very very very unlikely that the mining will change |
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But what they can do with 51%? Not much.
They can omit transactions from the blocks and they can go back some blocks and double spend transactions sent to them. That's the extent of it. They can't spend my coins. Wrong, wrong, wrong. With 51% they can destroy bitcoin, they can happily stop bitcoin with that. They control everything. They can go back months in the blockchain, rewrite all that and yes, they CAN spend your coins, if your coins were mined in the blocks that they reverted. |
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BFL ASIC's are vapourware.
Meh, everyone said the same thing about their FPGA's  So because they sell FPGA that means that they also can produce ASIC? I don't see how the two things are related. I know how to walk, does that mean that i can also learn how to fly?  Heh. They are related. Google FPGA, ASIC and VHDL. Not really. For FPGA you can happily buy FPGA from other produers, you just make the bitstream and done. For ASIC you need to do the plans for them, then you need to have a foundry to make your chips, this require 1)ppl that know how to make a properly working chip, and not one wich just work, but one with very good performance 2)invest millions to make the masks&co to start to make the chips. |
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Heather has a blockchain wallet on her iphone Apple is not amused. I think they should sue everyone who install things they don't want on their iphone! |
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BFL ASIC's are vapourware.
Meh, everyone said the same thing about their FPGA's So because they sell FPGA that means that they also can produce ASIC? I don't see how the two things are related. I know how to walk, does that mean that i can also learn how to fly? |
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If he sells so many bitcoin and btc go down to 1$, i'll buy as more as possible!
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I have no idea what ASICS are, nor do I care. I just know they are about to screw average joe miners. (correct?) I want to know if ASICS will be allowed to mine LTC. If I bought a $100 dollar GPU on ebay and put it in an old tower with a monitor, would I need anything else and how many LTC would I be creating a day at the current difficulty?
Actually ASICs will help average miners, you just need to buy them and they just mine. No need to mess with gpu, motherboard, overclock, temperature etcetc. It will screw those who said "i buy tons of gpu and become rich, ahahah". |
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What happens after all blocks are found? I mean, what's the motivation to keep the network running?
What I also don't understand: Where are transactions stored once all blocks are found?
There is no "limits" to blocks, dunno where you get the idea of "there is a number of block and no more". Blocks are infinite. What will decrease is the bitcoin reward for finding them. What will be the motivation then? Transaction fees. When you find a block you get the bitcoin reward for that block AND the transaction fees for the transaction you store in that block. |
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If you don't forward the bitcoin port from your router or disable upnp in your bitcoind you'll only be able to make outgoing connections to the network, that will stop bitcoind from using any real upload bandwidth (except when someone in the p2pool network finds a block which is only about 3x/day).
Or just set your max connections in your bitcoin.conf. I set mine to 10 so I can still have the port open without my network getting bogged down. I wonder why it's so hard for them to put all these options in the GUI |
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+1 what DeathAndTaxes said
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if someone controls, say, 2 million BTC, then the issue is that they can constantly mess with the exchange rate, create panics, etc.
and why would they be able to constantly mess with the exchange rate and create panics? To destroy Bitcoin? Banks can lose billions if bitcoin become widespread. |
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Lol are you joking or what? You pay for that connection, you better use it, or you want to give your ISP money for free? "Here ISP, take my money and don't worry i won't use my connection, i promise!  They emailing you? |
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1)No. Nvidia sucks at mining. And anyway don't worry, lot of ppl use FPGA these days to mine and in two/three months ASICs should come and then no one will use GPU to mine
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Yes but if someone buy bitcoins with paypal using the "gift" option and later tell paypal that his account was hacked, the transaction will be chargebacked. That's why almost no one sell bitcoins for paypal
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