|
meanwhile in the 1990's ........
only joking even dialup(56k modem) can download 1mb in under 10 minutes.
so worrying about this just shows that you need to sit down for atleast 20 seconds and think about internet speeds in the future
this is why this thread topic is a moot point to make.
|
|
|
|
As a professional software developer this may be an opportune time to point out that the bitcoin code is an amateur production.
I have the greatest respect for Gavin and others that have donated untold hours to make bitcoin into a reality and I know from experience how tough self-funded development is.
Nevertheless, make no mistakes, the current incarnation of Bitcoin has a lot of ill-conceived design points and implementation weaknesses (as we have seen from the events of the last 24 hours).
Aside from the blunder that just resulted in a blockchain fork, there is a much larger, related issue looming on the horizon, which is the inability of the design to process large numbers of transactions. It is ludicrous we have people whining about "Satoshi Dice" creating numerous transactions. I could sit down and write a software component that could easily generate billions of transactions without breaking a sweat once it is deployed to a few thousand boxes, if I so chose, and yet you are concerned about Satoishi Dice generating a few million transactions. The problem of high-volume transaction handling needs to be answered at a new level which is, unfortunately, way above the paygrade of the current development team.
noting the highlighted text but instead you spend the exact same time reading threads unpaid but instead you spend the exact same time writing threads unpaid but instead you spend the exact same time whining about problems. how about solve it for free without breaking a sweat and then you will know with confidence your bitcoins funds are that much safer, that the holdings you have will repay themselves with even larger profits due to the stability you give bitcoins. which results in a pay day for the work you have done. which basically means you eventually get paid ! |
|
|
|
|
seeing as the bitcoin foundation are made up of the top people EG:
programmers
investors from gateways
etc
i think it should be part of bitcoin foundations standard protocol to make threats known instantly and develop methods to warn the community effectively, instead of people having to run off to #bitcoin-dev to get the latest info and spam the channel with questions repeatedly
so i propose that bitcoinfoundation.org has a section that has a bitcoin status update. as their threat centre idea the OP of this thread has
|
|
|
|
|
i was doing it all manually. i might develop a bot to check on users and spot signs of clones and double begging. and then i wont have to get personally involved and not let emotion over rule my usual giving nature.
but time will tell.
|
|
|
|
mwag 1.0LTC SENT  xcmba 1.0LTC SENT montana 1.0LTC SENT Hazy_daze 1.0LTC SENT weirdthall 1.0LTC SENT majorX 1.0LTC SENT necroscope 1.0LTC SENT bitnoob 1.0LTC SENT Key2 1.0LTC SENT spoonmang 1.0LTC SENT psybits 1.0LTC SENT - how you have an LTC hold it close it should be worth something bigger soon Lajci - although i have personally stopped the giveaway. i will keep 1LTC for you. but please PM me a Litecoin address (which starts with a L) not a bitcoin address starting with a 1 galbros 1.0LTC SENT hromobiti 1.0LTC SENT itsgoldbaby 1.0LTC SENT r34tr783tr78 1.0LTC SENT now the give away reverts to 0.5LTC dlauth 0.5LTC SENT TheFed 1LTC SENT yes 1LTC read disclaimer at bottom infostore571 0.5LTC Sent Hawkthorne 0.5LTC Sent WUTcoin 0.5LTC Sent kooke 0.5LTC Sent CapeCodRob nice try - but no paysafecardbitcoin 0.5LTC Sent torry28 0.5LTC Sent btc24 0.5LTC Sent Warry 0.5LTC Sent disclaimer. i seen many obvious double posters i thought were worthy of naming and shaming and many accounts where the only message they ever made was for this giveaway. which eludes me to feel they don't want to be members, they are just cloner accounts. which i purposefully ignored. i may at some point come back to this thread and just hand out random amounts to those i missed out which at a later date appear genuine. i may also do a lottery to surprise a few people that posted their address in this thread (BEFORE THIS POST) where by they would receive a surprise amount for no reason at all. but thats my perogative. its been fun and i hope the funds you all receive will later be worth more and be used wisely to generate even more from them. as many people on BTC-E know of my story. i had a ATI 3850 (yep a 3850.. i know LOL silver mining by putting a toothpick to a rock. not an axe) and spend a day mining litecoin spring 2012 and got a measly 3 litecoins from it. i gave up mining. instead i played the daily jumps and drops of the market price and on average 20-30 profitable trades a day on the 3LTC i turned 3LTC into Day one: 9LTC day two: 58LTC Day three: 152LTC (ii found the link to my accounting of the trades when i talked about it months back, if anyone is interested in FACTS http://i47.tinypic.com/2lmkvv9.jpg-ignore the writing, i was helping another member at the time, so it may not makes sense what the paragraphs are about) 9 months later lets just say i got 6 figures in cold store. (please note this was the time last year when every 3 minutes the price was moving up and down quite nicely) but if i can do the above in 3 days with high movements. anyone can manage it over slow movements, just taking more time. enjoy litecoin, it is growing its own economy at the current age of 17 months. (faster then bitcoin was at, at its 17month birthday in mid 2010, and look what happened on its 30thmonth birthday june 2011)
|
|
|
|
|
After this post i will stop the giveaway personally due to the amount of abuse from clones and fake accounts trying to 'game' the giveaway.
i will give out the 1LTC to all the people prior to this posts i deem worthy which appear before '420' announced the reduction to 0.5.
i will give out the 0.5LTC to all the people prior to this posts i deem worthy which appear after '420' announced the reduction to 0.5.
but as of this post i will cease the giveaway.
it has been fun, alot of people have private messaged me with genuine positive queries about litecoin and its future. Litecoin will grow without being a threat to bitcoin.
bitcoin has become the gold mining equivalent to expensive excavators and wash machines(FPGA /ASIC). so now new miners should try litecoin with your pick axes and wash plates (GPU/CPU)
just like small miners moved onto silver and other raw materials when gold mining became to harder to do small time.
imagine it like bitcoin is the USA, litecoin is the France. bitcoin is the gold, litecoin is the silver. bitcoin is the Van Gogh, litecoin is the picasso. Bitcoin is peanut butter, litecoin is jelly.
they can both work side by side.
if you are a PR guy or someone that likes talking to merchants about adopting a cryptocurrency instead of paypal. great. if you get the reply about the silk road propaganda of bitcoin. then Litecoin is the perfect solution.
when people want freedom away from government by using bitcoin. but then hate litecoin. Then it is not freeing yourself to multiple choices. it is just like replacing regular pepsi for sugar free pepsi. dont limit your self to only one option, expand your tastes.
many projects are in the works but those of us smart enough to be doing them will not "do a BFL" by promising the world 1 year before a glimpse of it can be seen.
projects include prepay cellphone topped up with crypto, debit cards, payment gateways/shopping carts, FGPA's this list goes on that Lite coin is not just an altcoin.
but timescales or promised deadlines won't be given. if you want to get onboard. that is your freedom.
it has been a pleasure giving away free money. although not quite the same as standing on a skyscraper with an open suitcase of cash. allowing the wind to spread the wealth. but it has been close.
|
|
|
|
|
dunno why it was bumped.
but maybe there is a slight premium for coins that have less then 4 hops from a miner, so that they are atleast classed as clean.
even bank notes leave the mint. the delivery driver 1 drives it to the central security vault. another driver moves it cross country. the bank teller counts it up before putting it into an ATM.
so even those wanting to trade dirty bank notes think there is value in ATM new notes.
no need to reply
|
|
|
|
|
although this thread is not about true dust of 1 satoshi.. i thought i should reply about actual satoshi dust.
banning 1 sat transactions is like saying we don't want Bitcoin to be worth thousands of dollars a coin in the future, causing the transactions for my loaf of bread becoming invalid in a few decades.
imagine this one company Satoshi dice. is giving you a sneak peak of how all transactions will be like in a few decades. where people will not be moving bitcoins, but satoshi's.
instead of banning them. finding solutions to accept them without causing strain on the system is what we should be all aiming for
|
|
|
|
|
he is definitely on the money when he says Bitcoin can be worth $1000 to 100,000 or more.
just imagine it. don't EVER think that 7 billion people will all be using Bitcoin. but take a more reasonable number.
21 million people (for simple maths)
if each of those people wanted to store $1000 of their savings as Bitcoin... boom a average price of $1000 per coin AT LEAST(once all coins are mined. or currently nearly $2000 at current circulation amounts)
so ill end this by saying
I'm glad i am a Bitcoin..............
|
|
|
|
|
thank you magicaltux. with the ramp and dump the other day i suspect your bandwidth got stretched to breaking point with EVERYONE looking at the charts/tickers.
so im glad to hear your moving the tickers to separate area so that it helps to keep live data flowing and most probably helps ease the ability to add more servers later with higher demand over the next few years, without affecting the other parts of mtgox.
it might be worth adding that it is best to use these tickers for actual 'live day traders' and other people EG just for 'curious/browsing audience' to use charting/data servers such as clark moody/bitcoinity.org. as they are only a few milliseconds different. but it help offload/reduce the strain on mtgox themselves.
|
|
|
|
going by avalons email update Starting from next Monday(4th march), units will be en route to their country of destination and tracking numbers will follow maybe 2~3 days after (it is at this point onward which you can expect an email from us with the tracking information), we expect this process to continue to the 10th of March until all the units have been shipped out, if all is well people will get their units in-hand in the middle of March.
A week before batch #2 is ready to ship, we will make an announcement to those who wish to trade-in their last generation units to sent in their units, once we receive the units a custom order will be made for you to pay the difference depending on what you have trade-in, remember 1 trade-in discount/coupon is allowed per 1 Avalon unit. For clarification the shipping priority is as such:
Developers - e.g. bitcoin core dev and other bitcoin contributor we feel deserve this treatment.
Trade-Ins/Old Customers - your unit will ship soon as we receive the FPGA and you've paid the difference.
Regular Batch #2 Customers - Unfortunately you are not special.
i thought all 300 units of batch one were out and dealt with already in february for them to then release batch 2 order page.. my query if the batch 2 units are meant to be on route to the country on the 4th of march with tracking numbers given out by the 7th of march. why have the icurus people not received an email asking them to send their unit back. what im guessing is 4th of march they are sending out developer units only. which means these developers should have received tracking numbers by now to receive their units for mid march. then guys like the OP should receive an email asking them to send the icurus back to them. to then get the ASIC in a fortnights time presumably. leaving the regular customers waiting 3 weeks more for their unit tracking number? hmmm, im bookmarking this page.. just to know when the trade in guys get some updates |
|
|
|
"Mining" is actually a wonderful term. People immediately think about precious metals like gold. The word implies that anyone can get into the game, just grab a pick-axe and go! And it also implies some sort of reward. As far as marketing goes, "mining" is genius. Who cares if it's not technically accurate" The word encourages action.
"Auditing" is a term only an accountant would love. The negative connotations are severe (at least, here in the U.S.).
mining is actually a term to make people immediately think about precious metals... but its not a precious metal. but its not a commodity (raw material) that can be used to make other products but its not a element on the periodic table of elements but its not a physical item you can hold. so calling it mining is just to add speculated imaginary value by making people imagine gold. its better to call it something that resembles what it actually is. so auditing is a closer term to use, as is 'vectoring' due to the use of the elliptic curve which is part of the bitcoin system. 'hashing' i would even say 'hashing analyst' but the noobs would be saying "oh look they said anal" |
|
|
|
|
i think a few people need to re look over the words centralised..
centralised is DIFFERENT from controlled/owned/ patented.
no one single entity owns the entirety of Bitcoin. but where everyone uses one central place as their value indicator then that IS centralisation.
an idea of decentralised:
basically if it took you all day to mine Bitcoins and you had no other real life job then you should value those Bitcoins as enough to cover a days worth of bills/lifestyle needs.
if you have a job and Bitcoins don't mean as much to you as the last statement suggests then you should base your Bitcoin values at less.
but:
where everyone uses one single and sole provider of price value is centralisation at its main and best description.
do not confuse being centralised with being controlled. they are 2 different things. you have the choice to value your coins at gox prices or not.
|
|
|
|
|
number of merchants
network difficulty
current network hashing power
much like how gold gets a value, how costly it is to get from gold miners vs how many people want it.. add a little more on for speculation and profit. and u get a rough idea.
|
|
|
|
I'm curious to see what LTC is going to do once ASIC Is fully integrated with bitcoin.
GPU miners on bitcoin will either stop mining bitcoin and move to Litecoin, or they will sell their gear and buy a bitcoin ASIC. hints of a Litecoin FPGA are floating around. but unlike butterfly labs HOPEFULLY they wont make promises until they have final units tested, and then make a big news announcement (the way it should be done). but back to actual reality today, instead of possibilities of the future. More Gpus on litecoin makes it harder to mine = more cost to mine = miners wanting more value to cover costs. Heh. Promoting LiteCoin. Not a bad idea. =)
this is just a small part of it. talking to actual bricks and mortar merchants, developing payment gate ways, merchant tools and other services are all in the works too. and now ill leave you all to speculate the possible futures. |
|
|
|
nice reply on the comments section of the newspapers page. just a shame the guardian will never read it This news paper is digging up old news from 2011 when the only use of Bitcoins was the black market. i guess their researcher needs to prepare his resignation letter sooner then expected. Bitcoin is used NOW! globally for THOUSANDS of legit businesses as oppose to the one 'dodgy' website known as silk road. Saying that the whole half a billion dollars worth of market capital is silk road, is like saying the whole of Norway is an underground currency based purely on one street of one town of Norway where there is known to be a couple drug-lords hanging around. Get out of the sheep cycle of propaganda and actually do some proper research 'Guardian'. bitcoinstore.com wordpress.com www.grippit.co.ukwww.xecnet.comThat's just a couple. how here is a bigger list (but by no means complete) www.spendbitcoins.com/placesI have personally never used drugs and those within the user base of Bitcoin I chat to also don't venture into silk road. you are comparing it like the dollar use to be back in the days of the wild west. when money was only good to spend in saloons on beer and prostitutes. Yes that's right Bitcoin has grown into a proper currency in under 2 years of its 4 year life thus far, where it took dollar 100 years to get to this point. Now imagine the future of Bitcoin |
|
|
|
|
more hysterical postings about lost coins.
i truly feel this is more attempts at some 'robin hood' type of people tryng to create fud to then use as justification to steal other peoples long term investment.
the 2% loss per year is of small denominations of FIAT.
trust me people owning bars of gold or expensive artwork typically don't just lose it.
don't worry about other peoples coins just look after your own.
|
|
|
|
|
Show Posts
