By forming a cartel to collectively lower hash rate you don't restrict supply.
You can not change the supply at all, it's written in stone how many bitcoins there will be created on what timeframe.
A higher or lower hash rate doesn't change anything, except security.

If you change the supply, you create another alt-coin that probably noone will ever use.

Read it again: you can not restrict the supply.
A protocol change like that would just create another alternate cryptocurrency. It wouldn't be bitcoin anymore.
You are of course free to create a new cryptocurrency, but you'll have a hard time convincing people to use it.

It isn't the origin of the money, the protocol itself is.
The protocol says, there are <21million bitcoins.

This kind of 'securisation' is only used to initially distribute those coins for the first time.
You can of course argue if this way to distribute the <21million coins chosen by satoshi is fair or not, i myself can't think of any other method that could be more fair, those that do the security-work get a reward.

Let's see.

Arriving on index, a directory, nothing fancy but some posts.
The very first one, just a URL, no infos, no nothing, let's klick it anyway.
Again nothing, just the URL as headline, nothing more than that, not even a link to click, does he want me to copy the headline and paste it into a new browsertab? I'll probably never know, whatever, let's head back to Home.

Next post, another headline, another URL, but at least some (very short) info so let's click it.
And again nothing, just the URL as a headline and the same (very short) info and again not even a link to click, i guess he really does want me to copy'n'paste. But he should know i'm lazy, shouldn't he? Ok, one more try, back to Home.

The third entry is itself, the directory i'm just using. Now that's strange, most people using this directory should know about it already and they probably already know about its URL too, oh wait, it's not even on there, just the pic from Home.
....

That's about my first experience,
you have some posts there that show us URLs and if we're lucky, it also says where those URLs lead to, but we can't even click them, you want us to actually do some work? Seriously? 
At least make them URLs links, so we can click on something else than <<$prev next>>.

Good luck!

The funny thing is, that the price for 1BTC doesn't really matter at all if you just want to transfer money.
If you want to send $100 to your good friend in Kualalumpur, it makes no difference if you send 1, 0.1, 0.001, or even less BTC, your friend will receive $100 worth of bitcoins, no matter what the price is.

No need to switch to any other currency just because. Makes no sense.

Well, ok then.
But what i still don't understand is how you would accomplish that restriction.

As you know, the network handles the generation by itself, by lowering or raising the difficulty to meet the ~10minute-target, there's no way to change that by any mining-cartel, pool-owner or anyone else. It would require a protocol change and most probably lead to a fork, or IOW another currency != bitcoin.

And why do you think a lower difficulty would restrict bitcoin generation?
When Difficulty was around 8 when i started mining (yeah, i'm serious, it was 8!), the network created 1 block in ~10minutes,
today the difficulty is around 3million and guess what...the network still creates 1 block in ~10minutes.

The only thing that actually restricted bitcoin generation was the reward halving.

Not sure what blockchain split you're talking about,
but what would a lower difficulty be good for? It just makes it easier to "51%-attack" the network, which isn't a good thing.
And why would a lower difficulty drive the price of BTC up?

A high difficulty is a good thing, the higher, the better.

It seems they haven't drawn a line anywhere, as theymos clearly stated, that

Selling hacked accounts is not financial fraud, it will probably lead to financial fraud though.

IMHO selling hacked accounts should immediately be banned by a forum policy, no matter if game, torrent, or any other account. And it really doesn't matter if it was the seller who hacked it, or the one he bought it from.

I can't believe that shit about "there's no victim", "but if, not much hassle", "no violence" and best of all "only information".
Honestly, i'm shocked.

Must have missed this thread before.

However, take this as a warning:
buybitcoin.com is our old friend Bruce Wagner and he's probably going to scam you.

@theymos:


I'm curious about that too, what about credit cards, PayPal-, or MtGox-accounts?
Those are only information too, so i guess you're fully ok with selling stuff like that on the forums, huh?

I mean, ARE YOU SERIOUS?

LindenLabs doesn't let us know, we can only guess what "fraudulent lindens" are. They're most probably not actually fake, but rather stolen, scammed, phished, or something like that.
The point is, that lindens aren't safe in any way, even if you received them from a friend, he might own "fraudulent lindens" without knowing and if he does and pays them to you, LindenLabs will come and get them sooner or later (might take 2weeks or more).

LindenLabs is way worse than PayPal.
The best way is to not trade in-world at all, as long as you only trade on the VirWox platform, you should be good.

Lediglich 1 (von 20) ZTex Lüfter(n), war ein gutes Jahr.

Nich Dein Ernst, oder? Alle put?
Ich hab nur eine 5970, die ist zwar mittlerweile offline, aber läuft auch nach 2Jahren konstant-mining noch völlig problemlos.

You can send bitcoins to ANY other bitcoin-address.
So yes, you can send bitcoins to yourself and they will arrive safely (to be honest, bitcoins don't arrive, they don't move at all, only access to them moves from address to address).

hamdi, spamming your reflink makes no sense here,
he already has a VirWox-account anyway and already knows how to use it.

Well, as i said,
if it's the plan to upgrade to that new MB/PSU/4cards with the coins you get from the first card (a dollar a day), it'll take a hell of a lot of time.
Not to mention that the difficulty will skyrocket once the first ASICs ship, then  you won't even get a dollar a day with 4 of those cards, you'll only make pennies a day.

Nothing wrong with doing it for fun, especially if you buy that hardware anyway to please your gaming needs.

Hello Pezi and welcome to the Bitcoin-World.

You should be aware that you probably won't make a lot of coins at all.
With a single one of those 7950 Video-Cards, you might get something around 500-600MH/s,
at current difficulty that would net you <0.1BTC or ~$1.3 per day.
Taken into account that you plan on using that machine for entertainment too, it'll be even less, that's less than a dollar a day. It'll take you like forever to upgrade to anything. 

Not saying you shouldn't do it, but do it for fun, not for the money.

I've been trading on Virwox for about 3years now and there's not much i can complain about.

Sure, that "manual step" they do when you withdraw your money is a bit inconvenient and might take some time, but you'll get your money.
Sure, the fees are high, but it works and is still way cheaper than at their competitors (on the SLL-Market).


That's the main problem when dealing with SLL,
don't ever accept any SLL in-world if you don't know and fully trust the seller!

You simply don't know if it's "fraudulent lindens". When someone pays you lindens in SecondLife, they can be "fake", or stolen, or whatever LindenLabs decides, it's their money, not yours. They can do whatever they want and they will do it.

But,
all that is a problem of SecondLife and LindenLabs, not VirWox.
It's the reason why that inconvenient "manual step" is required, even VirWox can't know for sure, if those lindens they receive from users are "fraudulent" or not. If LindenLabs decides to remove those funds, they can and will.

You ask to do this to centralized services only, but aren't they all centralized?
Tell me about one service that isn't. 

That's exactly what i thought.
It's the owners of those businesses you want to be forced/verified/whatever that are also board-members of the Foundation,
so what you ask for is, that they control and verify themselves.

Doesn't really make much sense to me.