I was promised a Monday rally!
Just as soon as my Bitstamp account is verified. I think they're getting backlogged with a ton of new customers. |
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One of the earlier adopters bought some weed. So what?
No, an early miner (person A) transferred them to person B, who transferred them to person C, who transferred them to person D, who bought some weed. No one knows who A, B, C, and D are, so all we can say is "Shocking News: Someone bought some weed!!!!1!1!" |
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tl;dr There is a short path (4 steps) between an early miner and Silk Road, meaning it could be anyone. Playing 6 degrees of bitcoins is a lot of fun, but proves nothing.
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3600 NEW Coins daily, thats a lot in market trades.
It's actually more like 4k coins daily average 8.9m between blocks or about 4044 btc a day. More than 22k coins change hands just on MtGox alone. Add all the exchanges together and you'll see that even if all new coins were sold every day, they are but a few percentage points of the trading market. |
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This first patch just rejects from your memorypool any transaction which: - Sends to a scriptPubKey which is already sent to (output) by another transaction in the memorypool.
- Sends to a scriptPubKey which is already being used to redeem a coin (input) by another transaction in the memorypool.
- Sends to the same scriptPubKey in two different outputs, within the same transaction.
- Uses a scriptPubKey to redeem a coin (input) which has already been used to redeem a coin (input) by another transaction in the memorypool.
This patch rejects perfectly valid transactions. This is a very bad patch. |
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As BFL customers have found, when you go past the 45 day Paypal time limit it becomes very hard to get your money back. When Paypal finds out, they will shut down Kotak's account. Your only hope is to use a credit card through Paypal. Then you might have enough time.
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Slowing down transactions is not the right way of accomplishing the intented purpose. The right way is to make unique addresses easier to use.
First, this doesn't slow down transactions unless blocks are full (at the 1Mb limit) in which case *some* transactions would be slowed down anyway. This just gives the *FIRST* transactions to all addresses higher priority than the *SECOND* or later transactions to all addresses. That's not how it was explained. this just deprioritises it to one reuse per block.
Read that again. "one reuse per block." The second reuse will be delayed no matter the size of the first block. Delaying transactions is a bad implementation. |
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Since Luke-jr doesn't want to have an actual debate in his thread, I've started a new non-censored thread so a real debate can happen. Bitcoin is never anonymous, no matter how you use it.
Show me their personal identity. If you cannot provide their personal identity, they are anonymous. Bitcoin doesn't need slower transaction confirmations. Bitcoin clients need to make unique address use easier. |
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Slowing down transactions is not the right way of accomplishing the intented purpose. The right way is to make unique addresses easier to use.
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What do you all think about Butterfly Labs hosted mining? This happens on their server - is this a good investment?
Why would you even consider it? You pay up front, with no guarantee when it will actually start hashing. It's a big waste of your money! |
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$800 on bitstamp.  Argh! He just won't go away! |
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Gox has problems, but they always sort them out- supposidly the larger you are a client, the faster they sort things out too. :-)
Gox is a USD black hole. USD can't get out. The problem started 6 months ago, and it's just getting worse. |
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Thermal testing with mockups at the end of November? Shouldn't that have been done well over a month ago?
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How come nobody else has noticed that the code for the chip is pretty much copy -> paste from Avalons code?
I think the BM3080 is a tweaked Avalon design :/
What if Avalon is behind this? Get rid of their bad reputation by hiding behind a new name? |
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Not sure if your intention is to argue for or against me, but that exactly shows why the 7 tps limit is by design (thus should not be removed to ensure decentralization, another key point in bitcoin design) and makes it impossible for it to compete with credit card companies.
Who says bitcoin is competing with credit card companies? They both serve very different purposes. |
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Actually, I'd like some comments from you...
- Would you like a USB miner or are you happy with standalone RasPi controlled unit?
- Do you feel modular design is important, or would you prefer a nice tidy box?
- What about form factor: free or rack?
- What dB level are you comfortable with?
- Internal custom PSU or ATX?
Profitability is what matters. 1. USB 2. modular 3. free 4. any 5. ATX |
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