And how is that easier than upsetting the difficulty repeatedly on purpose over a span of Months vs. a span of Days/Hours before having to come back and repeat the task again?.... This is effectively what is happening to Terracoin right now, and I bet if you ask most users, would you prefer the namecoin experience (where it was taking many months to have a difficulty drop, and block times that were numbering many hours) or the Terracoin experience (where, ya hashing could hop in and out repeating in a shorter time than before but at least difficulty fixes itself fairly rapidly when the disproportionate hash rate comes and goes)
What I'm trying to say is that upsetting difficulty is easy both ways, the "Terracoin" way though leaves the end user with a workable network, whereas the current bitcoin way leaves the end user with a horrible system to operate on for a long time.... I would think the latter is a lot more damaging to the adoption rate.
Terracoin is weak and desperate and needs to defend against the top dogs somehow, even if it has drawbacks. The best defense of bitcoin is being the ultimate top dog. YET TRC survived and thrives.... worth taking a good look at the retarget code used legit concern here |
|
|
|
|
I'm not sure How keeping dividends into NAV helps with Vircurex.....there should be plenty in the coffers already from the capital raise.
I think you have to demonstrate the worth of the stock by high dividends see a larger trade volume at higher prices then you can sell of a part of your stock at a better rate into a deepper market.
Thats the path for shareholder and Vircurex I feel.
Its too early after 1 dividend to go tweaking the model....get some market confidence.....eg Vircurex went down at a critical trading time for me.....and probally others, also the site does not update well, eg you have to push the exchange paur to update....
Thats how you add value and get better returns...
|
|
|
|
All this is predicated on "sufficiently large" QC's which may actually turn out to be physically impossible to construct, e.g. the noise level or coherence time my degraded exponentially in the number of qbits based on some yet undiscovered issues... so who knows.
FWIW the experience of people working in the lab building QC prototypes has been that the engineering effort required to get them to actually work increases exponentially as the number of qbits goes up. Of course the most qbits used in a calculation is currently just six IIRC, so that trend doesn't have very much data backing it. A bit out there suggestion....but I wonder if in someway, QC can be leveraged in a way to reveal new ways to build QC, I.E some sort of algorithm that reveals or solves a problem to build on the next Qbit....again I know this is quite an out there suggestion, given its largely a material/science nano tech exercise with FM' and STM domain... Another interesting to note that biological systems have no trouble making complex 3D nano pick and place systems....I intuitively feel the solution to this problem will be in understanding how biological systems pick and place atoms at 36C! then of course cool to run..... |
|
|
|
|
we already live in the dystopian future, grandma's super/pension is being taxed and devalued out of existence already
some rumor has it, it's been that way since...*cough*.....well, it's not polite to say....but you know when what's his name and co tried.....and we would be on Mars by now....but hey you can't be blamed (well maybe a little) you only have had one side of the story all your lives....and its just to awful to find out maybe that's just what it was. One side of a story. Believe what you will
|
|
|
|
um ok so your arguing against.... yourself here...or I am misreading you.... you said (If it did lamport wouldn't be strong against QC either) then Lamport is fine? subtle. good point about the size issue!!!! (If it did lamport wouldn't be strong against QC either)
well I will cross that out! **facepalm** Lamport is fine. Quantum computation does not give an exponential speedup in the general case. It can not solve arbitrary problems that take 2^N time on a classical computer. For general non-linear search (which is _most things_) quantum computation is theorized to give at least and at most a sqrt() speedup, in other words something that takes 2^N operations on a classical computer takes 2^(N/2) operations on a sufficiently large quantum computer. This means that e.g. for a hash or block cipher you can double the number of bits and get back to where you started in terms of operation count. There are some problems like factoring and the related discrete-log problem which can be expressed in a way which has a special periodic structure which has much greater speedup, but this is not usual. It's why it's believed that RSA and ECDSA will not be strong against large QC's. All this is predicated on "sufficiently large" QC's which may actually turn out to be physically impossible to construct, e.g. the noise level or coherence time my degraded exponentially in the number of qbits based on some yet undiscovered issues... so who knows. Fortunately the way Bitcoin is constructed we are already somewhat hardened against quantum computers: When you use Bitcoin correctly and only use each address once the public key is only known for the brief window between announcement and mining, limiting the time under which a ECDSA attack could happen. The script system is flexible and we could introduce quantum-computer secure signatures at any point in time in a backwards compatible way, and start running them in-parallel with ECDSA signatures. Unfortunately, while I'm a great fan of lamport the signatures are between 16KiB and 65KiB (for 128 and 256 bits of QC security, respectively). Basically a 150 fold increase in transaction size and bandwidth. Imagine a blockchain of 1TB instead of 7GB now. While we'd introduce them if QCs started to look like they might become an actual threat in the next decade, they just aren't viable absent that kind of threat. |
|
|
|
this is great! I can dine in the us and not face 10% USD/Currency exchange losses.....so awesome after months of tempting different online food delivery sites.. guess what you can now buy fast food with bitcoin https://www.foodler.com/user/Bitcoin.doboom 12,094 restaurants across america now accepting bitcoin. boomi started rambling about it last year and kept it in a few peoples minds to keep pushing people to hammer it home to merchants over the months to think about accepting bitcoins. and it seems one of them has listened so far, next stage is if a restaurant in your town is linked to the foodler service you can use it to spread the word to other places locally to you that arn't yet accepting bitcoin, but would benefit from it.. so tell you local 7-11 that your local restaurant xyz(whatever it maybe) is accepting bitcoin and allow the other retailers to start looking into bitcoin as the information moves up the chain of command. aswell as any keep and smart guys out there to contact the HQ's of national/international retailers direct my next step is to keep pushing http://www.chefsxp.com/restaurants.phpand http://foodbyphone.com/and http://just-eat.com/ |
|
|
|
I would love BTC on OANDA, I have used your platform over many years and its generally very good, and stable You can make a killing with gox which is at best a "part time" competitor..... as long as you let people transfer BTC out easily |
|
|
|
This thread is borderline off-topic for this sub-forum. Or rather, I think it's off-topic but there isn't a subforum that it would be more on-topic in.
It also begins with a misrepresentation of the expected performance of quantum computers: They are not even theorized to provide an exponential speedup in the general case. (If it did lamport wouldn't be strong against QC either)
There is no way in hell that I'm going to sticky it.
Your call it will just go on anyway!!!! However, the first youtube link by the Australian Usyd research team (and they have actually made a working 1qbit device) gives a fairly solid view, as to the expected performance which appears to be a doubleing for every qubit added. So there's that...not sure your claim "its not even thoerized" holds water as clearly that Prof Usyd team are theorizing and a whole lot and more by actually making a qbit chip In this thread alone there appears to be at least 2 Physics PHD's who are in the filed who give similar views. But hey its cutting edge tech and will be open to a lot of different views, but it needs to be addressed. This thread is borderline off-topic for this sub-forum. Or rather, I think it's off-topic but there isn't a subforum that it would be more on-topic in.
your kinda right on this point in both counts, and this was my initial view as well when I posted, I wrote i wasn't sure this belongs in this sub forum....but it is an issue, and it keeps raising its head....some one else suggested newbs.....I think that this is probably as close as it gets... (If it did lamport wouldn't be strong against QC either)
well I will cross that out! |
|
|
|
For a moment I thought this was going to be another speculative pre-order thread  haha. quantumfly labs...first qubit comupter......pay now 1024 qbit device by November.... pay 100 BTC to sig address pm me |
|
|
|
I'm in too deep to go back, I'll only convert what I need to live (if any). Bitcoin is too big to fail  This is the sunk fallacies cultist attitude that makes me sick about bitcoiners. "This project may eventually become completely outdone by something better, but because I took a large risk and invested everything I have, I'll singlehandedly keep promoting it to suckers". You think I'm being a jackass and just insulting you? Think again. People like you are the reason why the media calls Bitcoin a ponzi. your right to a point a better coin could come out *cough* ppc.... but maybe what your missing is the BTC community will simply fork them block chain/client and incorperate whatever changes make the new coin better...see BTC has effectively at least 1000 top programers/maths algo / crpto people hooked into it, with a vested interest in making it work...probably near the most elite in their field (if google et all had half a brain they would be trying to recruit in the community, though alot of chaff). Other coins /systems are unlikely to garner this brain truss behind them. |
|
|
|
This thread has some very detailed discussion that would be a bit more useful as a sticky, imo. looks fine but needs a bundle of links at the top |
|
|
|
No, not yet another topic on quantum computers and bitcoin... A sticky should be placed at the newbie section covering this topic with its popularity.
Sticky this one |
|
|
|
So... Did anyone else have the bot freak out and place 30+ orders because of GOX lag today?
hmm i may have mentioned this.....need to make something like if(watch.goxLag()) { trade } goxLag() { if {last.ping() > choose interval return false} ...condition false ....condition true } etc |
|
|
|
Which pywallet do you use? Mine or Joric's one? Assuming mine: What do you mean by black screen? This?  If so, you need to go to 127.0.0.1:8989 on your browser Instructions are there: pywallet.tkno the one on local host I have python etc installed put paths in and it just come up with no data, but the buttons to reduce? (was it) ...maybe I have to get a screen shot |
|
|
|
I think sooner than later we need quantum proof tech....lamport sigs anyone???
Follow the link in my signature and u'll get to a QC-resistant cryptocurrency. im not sure about this "Anyone who is familiar with Bitcoin technical details knows that most of its settings are carved in stone. A block solution takes 10 minutes in average to find, a block reward is 50 BTC (25 BTC in the future), the difficulty is changed every 2016th block in 1/4x-4x range. All these rules won't be, likely, changed, because it's necessary to make the majority of bitcoiners to accept changes which seems to be impossible. If Satoshi made mistakes in Bitcoin parameters noone will correct them. Unlike Bitcoin, Qubic is designed a way that allows any qubicker to change any settings of their own providers. Reward for new transactions, qubic transformation delay, quorum percentage - all these parameters are easily changable. Noone needs to ask the others to set a particular parameter. Of course, changes made by a few qubickers won't affect functionality of the Qubic network much, but if a rhetorically talented person manages to convince a considerable part of provider owners to use particular values of the parameters, (s)he can change behavior of the whole network. This phenomenon brings back ancient traditions when orators were more powerful than generals or businessmen. It's not necessary to be a tech savvy person to be an influential one in the Qubic world. Read more: http://qubic.boards.net/index.cgi?board=theconcept&action=display&thread=5#ixzz2R7BHTjv2" I thought that if 51% of miner adopted a client change eg 50 millcoins that would then happen |
|
|
|
coal can be made into oil, good for another 300 years
peak oil is n#1 scam
Coal can be made into oil but you should understand how coal reserves are estimated and calculated. I suggest you watch all 8 episodes of this alternately answer the 3 questions in the first 2 minutes of this video before you call peak oil the n#1 scam. A Bitcoin based economy is the most practical solution I have found to the problem. yeah...a good portion of NSW and QLD = bigger than europe = almost all coal..... anyway product substitution, actual city planing trams/trains, get rid of the car, and that massive nuclear explosion in the sky will see us through wayyy past the peak oil issue.... It really is a scam just live near a train station. |
|
|
|
|
So I try to dump wallet, no error, just a black screen with the usual buttons pop up
doesn't matter how I try to dump...same story
any help appreciated
|
|
|
|
is there a debug mode/test mode where it can just hook into gox data, and i put in a test fiat /btc amount and see how it runs with mocked up fees and every thing.... I guess my worry is in spikey fast trading with bad connections sometimes computer programs behave in unexpected manners. I guess the other tool would be a face feed to simulate a jumpy/flaky gox feed.... then we would have a good test environs.... or is this already present? I'm making separate threads for individual goxtool bots to keep the goxtool thread for goxtool related stuff only. I choose this forum because the goxtool thread was moved into this forum too. (Similar software sometimes gets moved into different forums, I believe there is a forum missing for all kinds of software that is bitcoin related but *not* a bitcoin client/wallet itself) And here is the balancer bot: _balancer.py: https://gist.github.com/prof7bit/5395900This bot will maintain a constant asset allocation ratio Bitcoin/Fiat = 50/50 http://en.wikipedia.org/wiki/Rebalancing_investments#Rebalancing_bonusIt will do so by placing limit orders above and below current price that will restore the 50/50 ratio once price moves there and fills the order. As soon as one order is filled it will cancel the other and then calculate and place 2 new orders above and below that new price. The price distance of the orders is 7%, that can be changed in the variable DISTANCE you should not make it smaller than 2%). This strategy will produce a small profit in the long run (a few percent per week if there are huge price swings or nothing at all when its going sideways for many days), it seems a promising strategy for BTC/USD because of its insanely high volatility but it will also make your account balance go up and down directly in tandem with BTC price, so prepared to see huge swings in your account. You should write down BTC-price, USD and BTC balance in your account once a week and plot these curves after a few months or years to see the effect. This is not a get rich quick bot, this needs patience! Installation and usage:- prerequisites: you are familiar with the usage of goxtool.py
- (most important) update goxtool to the latest version (git pull)
- save the file from the above link as _balancer.py in the same directory as goxtool
- ./goxtool.py --strategy=_balancer.py --protocol=socketio --use-http
- (optional) open a separate terminal and tail -f goxtool.log | grep Strategy to follow the debug output of the strategy module
- cancel all orders and bring your account into 50/50 balance, do so by pressing the b key
- start the bot by pressing the p key
Disclaimer: If the above sounds chinese to you or you cannot read the code or don't understand what it does or you are not a Linux user (needed for goxtool) then algo trading is not for you. You should have the skills to implement this yourself from scratch given the description of the strategy or be able to read, understand and debug every aspect of the existing code or it will only end with a huge disappointment or maybe even a desaster.As you can see in the code the the bot has some some hotkeys bound to certain actions to control its operations: i show info about current status (how much out of balance) c cancel all open rebalancing orders and suspend trading b rebalance immediately with market order at current price p place a pair of fresh rebalancing orders and start/resume trading u manually force update of own order list and other stuff (should only be needed when socketio connection behaves strange or is down or other related problems, not used for normal operations) like all other goxtool strategies it can be reloaded at runtime without restarting goxtool (for example after editing DISTANCE) by pressing the l key (lowercase L). As you also can see from the code it is triggering its trades when it has detected the number of orders being exactly 1, this does not happen in the trade message, the user_order message is the last API message that is sent after a series of messages updating the wallet and the trade message (and this signal is also triggered after reconnect), so this is the best place to trigger new orders, knowing that the wallet is updated already (we need the new account balance for the calculations). When the bot ever comes out of sync, I have seen this happening when price is jumping around too fast and you choose DISTANCE too small and mtgox is under ddos at the same time and the connection becomes really unreliable then you need to cancel all orders (press c to cancel and halt trading, also check with F6 that really all orders have been canceled, maybe use u to manually update if socketio is down and if its screwed up totally then restart goxtool. This should not happen very often) and then check if you need to rebalance (press i and see the log) and if needed manually rebalance (press b) and then resume automatic rebalancing (press p). |
|
|
|
not everyone keeps orders up on gox, there is a lot of money that reacts
yes this is true....as noted.....it kinda just a rough metric with lots of assumptions by the time it gets to 10T, there will be suitable facilities.....and a lot of people with just a few 100 BTC will be like a small bank. |
|
|
|
|
Show Posts
