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It has been said that governments are the fiction that people use to attempt to live at the expense of someone else via the government as the third party enforcer. They tax you to preserve their power by giving your own money back to you minus their own cut.
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You just have to give it time. It looks like it has confirmed now. |
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Even if the figures are slightly off I'm sure we'll surpass Paypal soon and I'm glad for it. Wonder if we'll ever get near to some of the credit card companies??
for a certain kind of transactions credit cards (mastercard, visa, amex) are still superior... for in-store transactions it still is a problem to wait up to 10 minutes for a confirmation. But I agree with you that at least Paypal and Western Union are no real competition for bitcoin anymore  For most in store transactions you do not need to wait for a confirmation. No one is going to attempt a double-spend for a cup of coffee. valid argument! But a part of in-store transactions is paying for mac books, displays... (high value items where a double-spend could be an attractive idea) Isn't it very hard to do a double spend? Very, very hard. |
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DarkSend is closed source. May as well sleep with rattlesnakes.  Of course DarkSend is not Darkwallet and darkwallet is open source. :-) |
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There is a fine line between harmless banter and poking a bear. The last thing we need in this community is extremists of any stripe. I like dark wallet because frankly it is no ones business how I choose to allocate my bit coin and it is certainly no ones business how much I have. I wish the developers would spend more time thinking than talking.
To some (many?) that statement alone makes you an extremist. I think I'm right in saying that there are those of us who would consider being called an extremist or a criminal by people who advocate the use of high tech weaponry against unarmed populations a compliment. I agree. My problem is that the statement "The last thing we need in this community is extremists of any stripe" includes many people who believe that extremism in the defense of liberty is no vice and that moderation in the pursuit of justice is no virtue. One person's "extremist" is another person's hero. DarkWallet is a great tool for protection privacy. :-) |
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Even if the figures are slightly off I'm sure we'll surpass Paypal soon and I'm glad for it. Wonder if we'll ever get near to some of the credit card companies??
for a certain kind of transactions credit cards (mastercard, visa, amex) are still superior... for in-store transactions it still is a problem to wait up to 10 minutes for a confirmation. But I agree with you that at least Paypal and Western Union are no real competition for bitcoin anymore For most in store transactions you do not need to wait for a confirmation. No one is going to attempt a double-spend for a cup of coffee. |
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There is a fine line between harmless banter and poking a bear. The last thing we need in this community is extremists of any stripe. I like dark wallet because frankly it is no ones business how I choose to allocate my bit coin and it is certainly no ones business how much I have. I wish the developers would spend more time thinking than talking.
To some (many?) that statement alone makes you an extremist. |
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... It is possible for an unnoticed bug in a new version of the software to result in a fork. Even though there is no "decision we make" to intentionally create the fork, the result is the same (a hard fork).
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Great explanation - and for an example of the unnoticed bug, see March 2013. Fixed quite quickly. |
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Sometimes you guys are so rude. We are working with community and community's opinion is really important for everyone on Cointelegraph. So if you know how to make our work better, we would be happy to hear it Rude? I prefer brutally honest. Here are my suggestions: 1. Post real articles that take real research and have real value. 2. Stop posting summaries of press releases. 3. Stop posting summaries of other news articles. 4. Stop posting summaries of reddit posts. 5. Stop sensationalizing like the headline here. |
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I want to be able to just fund a bitcoin address given to me by the registrar, and the registrar withdraw payment as necessary when it is due for renewal. Is this possible anywhere?
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You'd have to give them your private key to do automatic withdrawal. Some of the third parties who handle payments can do something like that. |
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Extract the daemon name?
Won't give the currency unit (BTC, LTC, DOGE, etc). Why? bitcoind litecoind dogecoind etc all shows the name based on the name of the daemon you are querying (or bitcoin-qt etc). Or if you know the wallet data directory, it will include something unique that most likely includes the name. |
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This article has no substance, not worth reading at all. It can be summarised into a couple of lines and writer managed to get an article out of it. Is he getting paid? I hope not.
The article just said that bitcoin.org site is translated into 50 different languages... (Yeah, that's it)
The press section used to be for "Notable Press Hit". I don't think this meets that criteria. |
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It is not normal for congestion to degrade performance to the point where a network is unsable, nor is it normal for people using network software to be experts in congestion control. If bitcoin is to remain distributed and not just disappear into the cloud as a new form of centralized money, the core software needs to work correctly out of the box in the real world of ISP supplied routers.
Other peer to peer protocols and bulk data transfer programs that do file sync have dealt with these problems by automatically recognizing available bandwidth and setting limits and/or allowing the user to control them directly. (Examples are many bittorrent clients.) It is not realistic to expect the average bitcoiner to set up QoS features in a router supplied by their ISP which may not even have these essential features and certainly lacks decent documentation.
While this degradation was in effect I also observed that the stale rate seen by my miners doubled, even though they were running on a completely separate computer from Bitcoin Core.
If your connection was saturated, your latency would be degraded so you would have seen the stale rate increase even though they were on a different machine. |
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There may be new insights at any point from anyone, but a lot has been discussed on both the virus and prohibited content sides. :-)
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Wallets, not other bitcoin apps. |
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In a free Constitutional Republic with, in theory, enumerated powers we don't have people "running the country" - people are free to do as they want and run their own lives, even make mistakes. Alas we no longer have any limits on power and are reaping the "rewards" of that.
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if transactions increase, the work that miners would have to do will increase too. Don't think will make much difference
Not materially. The "work" in proof of work is finding the nonce which solves the block. Adding transactions to a block are a rounding error compared to that. As an example creating a merkle tree with 5,000 transactions requires 10,000 SHA-256 hashes plus 5,000 ECDSA signature verifications and 5,000 input validations. The proof of work at current difficulty requires 28 quadrillion hashes. wow could they not mix transactions into the work difficulty required or am I talking nonsense there because I swear I read something like that was used on one coin If doge has got the maths wrong and becomes unsustainable in some way, could they fork it to POS instead cap of 7 transaction per second I thought it was much higher for some reason, all this exponential rise in asic work could or should allow for greater capacity then that The tps limit is due to the current block size limit (which can be changed). ASICs do not impact the block size, they do impact the security of the network. |
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There are no practical solutions to the forthcoming miner crisis which happens as the network difficulty raises and the reward from block reduces dramatically..
There is no "forthcoming miner crisis" for bitcoin. Dogecoin on the other hand will have reached its steady-state inflation rate eight months from now. At the current market price of DOGE, they'll only have a couple hundred dollars per hour of hashpower securing the network. It will be very interesting to see how it unfolds... True, Doge will be the interresting thing to watch fairly soon. Payout wise they will the in a situation that BTC will be in in several decades. Basicly all options are plausible, from total failure and price dropping close to zero to becoming the dominant cryptocurrency. After all, at that stage Doge will truly have a fixed amount of coins (unlike BTC wich will still keep "printing" more coins until sometime in the next century). From that point mining will be based solely on utility (signing transactions). Question is, are the any big stealth investors just waiting for the mining rewards to drop to zero? Doge never has a fixed supply. It increases at 5 billion per year indefinitely. See e.g. http://www.reddit.com/r/dogecoin/comments/1wuhyj/info_clearing_up_missinformation_about_our/And there is no crisis. |
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