This is fun. We're like a group of dogs with a bone, but instead of snapping at each other we pass the bone around and just kind of growl in satisfaction because we're civilized dogs.
lol |
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We still got 2 months of this if you ask me..
sounds about right |
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Next week should be interesting
been hearing that since beginning of the year basically ;-) |
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I've begun to think that the reason why more and more unbelievable things are propagated as truth in mass media, is to gauge the individual people's reactions via social media. You are graded in a scale of most gullible to least gullible. This list is kept for future purposes. Then there is a breaking point when you decide to actively disbelieve everything, the attitude that if it's on the mass media, it is more likely false than true, and anyway not good for me. That is a point of no return, your life has just started.  fucking red pill. Can be hard to digest at times... |
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can anybody sumarize whats going on here?
icedrill is mining, yet shareholders only receive token amounts. |
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476 satoshis have been payed out per share... is that correct?
Yap, that's what I've received. How long does the actual BTC transmission take from the time of the withdrawal request? Thanks I haven't tried to be hones. This is just token amount, it seems. Not worth the hassle to even try to withdraw. To be frank: I don't understand the reasoning of not distributing mining rewards... can someone reiterate? |
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what's the status of BIP-32?
I'd really like to use my trezor with mycelium... ;-)
Almost there. Basic functionality is working in testnet. It just looks really clunky. wooohooo! I really love mycelium, but I tend to re-use addresses (easy of use) and that behaviour needs to go out the window. |
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This is incorrect and what they want you to believe. Yes heat does weaken steal but it doesn't weaken it to the extent that a steal frame would collapse. Especially not in a controlled manner.
Crazy + grammar + ignorance. You should study a bit before you watch too many propaganda videos... to quote ErisDiscordia from just a few posts back: The fact that people are routinely dismissing conspiracy theories from a position of arrogant superiority without feeling the need to engage the evidence (because they KNOW what is true and what is not...) seems extremely worrying to me as it indicates a captured population which has been trained to unquestioningly trust authority and even attack anyone who dares suggest that the authorities are not benevolent and wise.
Shame on you, people!
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Since when does a skyscraper collapse from fire? A hot enough fire weakens metal. Jet fuel, diesel or heating oil burn very hot. If there is enough fuel to burn for an extended period of time things happen. What caused the twin towers to collapse? It wasn't the direct hit from the airplanes or the weight of the airplanes on the structure. Without the extended fire from the jet fuel the buildings wouldn't have collapsed. to explain building 7 collapse from fire, you're using the only other example of a skyscraper collapsing (apparently) from fire: the twin towers. lol. of course those were also demolished on purpose, maybe using some sort of nanothermite. I don't know of any case (other than 9/11) where a steel-framed building collapsed from fire. You? The buildings that collapsed experienced very unique and unusual circumstances.
Indeed. Man-made ones specifically prepared to bring them down. |
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Minor technicality: I would NOT call 3,600 BTC daily as almost 4k BTC daily.
I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point. I should check. If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract. Which in turn is indicative of a massive bubble imminent. But I haven't checked yet. hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct! do you have the means to check this? If so I would like to kindly ask you to do so. |
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sentiment of bitcoiners seems quite negative against ethereum.
people fear what they don't understand, I guess. Or maybe it's envy these guys are being swamped with coins.
btw: not saying ETH is a good investment, I have strong doubts. Ethereum being successful does not necessaril imply ETH will be valuable.
also: I'm not endorsing ethereum, I just think it's highly interesting, mainly from a technical perspective and for the implications it might have (which I can't yet fully imagine). Unsure who's really behind it, either, and what the larger plan is there...
One thing I can say for sure, though: comparing ethereum to any old altcoin pump & dump is just fucking lame. If you do that you're either too lazy to take a look at what it is and therefore ignorant, or you are hostile against it for some reason and spreading fud.
It is interesting yea as a concept (and they still didn't deliever) and like I said this is project for VC and not Bitcoiners who mostly want to increase their BTC count - so most of investors will be dissapointed probably. Yes, very likely they will. I invested donated some and consider that "funding development". If people expect to "make more coins" with that, they will likely be disappointed... at least for a long time. |
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In the end we have bitcoin already, we can change and upgrade as a group...so why make an entirely different system...
lol. change and upgrade? we can't even agree on what to do with the blocksize limit... a minor change compared to what would be necessary to "upgrade" bitcoin to something like what ethereum wants to be. I suggest we let Bitcoin be what it is and only carefully make necessary changes. Let it fulfill the basic functions of money (store of wealth, simple transactions) and not fuck with that. We can add "higher functions" on top or setup new systems for them (and use Bitcoin to bootstrap value and community). I see no problem. |
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sentiment of bitcoiners seems quite negative against ethereum.
people fear what they don't understand, I guess. Or maybe it's envy these guys are being swamped with coins.
btw: not saying ETH is a good investment, I have strong doubts. Ethereum being successful does not necessaril imply ETH will be valuable.
also: I'm not endorsing ethereum, I just think it's highly interesting, mainly from a technical perspective and for the implications it might have (which I can't yet fully imagine). Unsure who's really behind it, either, and what the larger plan is there...
One thing I can say for sure, though: comparing ethereum to any old altcoin pump & dump is just fucking lame. If you do that you're either too lazy to take a look at what it is and therefore ignorant, or you are hostile against it for some reason and spreading fud.
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I was pleased to see that we actually had some accumulation around $580. First time buyers have been out in weeks it seems. And it felt a little like fresh fiat.
I do believe there is a crap ton of money sitting on the sidelines. One obvious proof of this is that while margin longs still seem to be around 30 million on Finex, the rate is going down, down, down, meaning that money is coming in and sitting on the sidelines.
When will the match be lit? That is the next question. I do think we could make a run at $710 if the right conditions hit.
***Also, I have it on good sources that large miners have been swamped by institutional investors wanting to buy large buld bitcoin off exchange for months. If this is true, then sooner or later, supply is going to dry up. And once it does, we will be off on the bubble train once again.
I have bought mostly back in after taking a small profit. We could still see $550 before we see $608. But if we see $608 first, things could get exciting.
do you mean 608 or 680? 607 seems to be the technical point of resistance for another leg up to at least $630. I'm just saying that if we start to break upward resistances, we could make a run at $710 best case scenario. $680ish is also another level of resistance. But if we get there again, I dont think it will hold. thanks for clearing that up. |
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I am currently working on a Java library which facilitates decentralized CoinJoin-ing using a BitcoinJ backend.
I applaud! Current plan:
1. Implement peer discovery (perhaps using a DHT)
2. Fix error handling and enhance verification of transaction components
3. simplify, refactor, rename
4. post source code?
5. Make CoinJoin process more anonymous.
6. ALPHA release?
I think it would be good if you removed the "?" from number 4, no? I don't have much time currently, but let me know if you need testers. |
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I was pleased to see that we actually had some accumulation around $580. First time buyers have been out in weeks it seems. And it felt a little like fresh fiat.
I do believe there is a crap ton of money sitting on the sidelines. One obvious proof of this is that while margin longs still seem to be around 30 million on Finex, the rate is going down, down, down, meaning that money is coming in and sitting on the sidelines.
When will the match be lit? That is the next question. I do think we could make a run at $710 if the right conditions hit.
***Also, I have it on good sources that large miners have been swamped by institutional investors wanting to buy large buld bitcoin off exchange for months. If this is true, then sooner or later, supply is going to dry up. And once it does, we will be off on the bubble train once again.
I have bought mostly back in after taking a small profit. We could still see $550 before we see $608. But if we see $608 first, things could get exciting.
do you mean 608 or 680? |
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i think the UTXO set will have to have a pre-agreed order that will need to be synced amongst all miners in real-time. then, the successful miner can publish the header hash along with some signal as to how far down in that list he went before he stopped adding tx's. then, all other miners will know how to verify the published header hash and remove those tx's from the utxo set before moving on to the next block.
Yes, as I understand it, the trick is the deterministic order. The "signal as to how far down in that list" is the thing gavin tweeted about. how reliable is a synced utxo set across all miners? I don't think it is the utxo set, that has to be in an deterministic order, but the txs in the mempool. The utxo set is a result of the valid blockchain, so it should be synchronized already (except a node regards a block as valid, which later will become orphaned). Gavin proposed to use "Invertible Bloom Lookup Tables". The lookup table tells the miner which transactions from its mempool should be considered for the verification of the published blockheader. Because now the miner knows which txs are used to form the block and in which order, he can reconstruct the merkle root and compare that against the published blockheader. However the proposed "Invertible Bloom Lookup Tables" are not 100% reliable. From a quick glance at the paper I found, that about <1% of keys are lost during an experiment with 10000 keys. Keys can be seen as txs in this case. I just read the relevant parts of a paper explaining ITLB (Invertible Bloom Lookup Tables)... quite an interesting data structure. It has a constant size (pre-chosen) and allows storing (key, value) pairs. "insert" and "delete" operations are efficient. "get" may fail and "list" may return partial results. I can see how an ITLB of some constant size might be used for block announcements by miners. Some things I don't quite get, though: - why does this require deterministic ordering of txs in mempool?
- does this require that all txs a miner includes in a block are properly broadcast beforehand?
- would this require a hardfork or can it be used off-chain (so to say) by a subgroup of willing miners?
Now I ask myself what happens in case of the remaining 1%? Maybe the failure rate can be reduced by publishing multiple lookup tables of the same set?
maybe the publishing miner can include the 1% explicitly (he can determine which ones are affected himself and include the remainder). This would destroy the "constant size" property, but it would lessen the propagation cost of block size by ~99%, right? |
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what's the status of BIP-32?
I'd really like to use my trezor with mycelium... ;-)
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movin up faster. flight to safety:  . I'm starting to believe more and more people see Bitcoin as a safe place. I saw in another thread someone asking wether or not it made sense to "sit on the sidelines" for a while (regarding stocks, looking at at that provoked conflict with russia). I wonder if he meant to sit in USD. That got me thinking again: what would "the sidelines" look like? So I'm asking into the round: if you went on a space-trip with your family for 15 years with no way to manage your stuff, where would you put it? |
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How do you see the tension between Russia, Ukraine, etc affecting the US stock markets? Bad time to be in? Anyone else feel like sitting on the sidelines for a while?
Not analysis, just a remark: You're always "in" something. In that sense there's no "sitting on the sidelines". |
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