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The lesson of this thread is that it's pointless to talk math and physics to people who believe in magic.
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Anything that makes legacy systems less useful is good news for bitcoin.
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In fact, the only problem are statements like yours, which imply that there is a problem, thus leading to an occasional hysterical, misguided reaction from the lawmakers who fall for the fallacy that Bitcoin is anonymous.
This. The term for what the OP is doing is: "concern trolling." |
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I'm not impressed.
First there's the attempt to patent a business model, which is just evil. Then there's the headline that says "decentralized", and their patent which clearly describes all the transactions taking place through their web site.
They are using "decentralized" as a buzzword because they know that will get them attention, but the plan appears to be an attempt to build a walled garden service, with the added bonus of using a business method patent to harass their competitors.
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That would probably help if we try not to prove them right precisely in the thread that criticizes their claims...
It's best to prove them right, immediately before proving that they can't effectively do anything about it anyway. |
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One cannot devalue one's way to prosperity, only to misery. Actually, quite the opposite. The people who have control of the printing press, i.e. the people who control whether to devalue or not, most certainly can and do use devalue of everybody else to create prosperity for themselves. Your statement about prosperity makes no sense; it's as you think the decision makers' lives are in any way connected with the lives of their victims. |
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I'm seeing this problem with listen=1 and maxconnections=256 set in bitcoin.conf
My node will end up with 3-4 peers, none of them I2P, and it will drop the SAM connection so that the I2P node no longer creates the tunnels, which prevents incoming I2P connections.
The only way I can get any native I2P connections at all is to run the node with onlynet=native_i2p
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I've noticed that I frequently check my peer list and find no i2p peers unless I use -onlynet-native_i2p, but I'd like to also use other peer types.
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The problems with getting fiat into Bitcoin would go away in an instant if we could get rid of the overbearing overregulations that are being erected to be obstructionist in nature. That's not the only way to make the problems go away. You can also build systems which the regulators are unable to affect in practise. We could have decentralized exchanges which would be effectively unregulatable if a method existed for creating a distributed, P2P fiat interface so that the exchange would not need to deal with a bank. In order to create such an interface though you need some kind of cross-border contract enforcement and dispute resolution system that does not require any assistance from the existing legal systems in order to function (because one or more parties might be located in incompatible legal jurisdictions, or be anonymous, or be located where there is no functioning legal system). Once the problem of creating a stateless private law system is solved, then we can build the other pieces. |
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This means that the Bitcoin network has almost doubled its calculating power just in the last 30 days Some people are predicting this to continue for the next two years. |
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If the core developers start telling you that you need developer controlled automatic update you can assume that we've somehow been compromised. That's a phrase that deserves to be quoted for posterity. |
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AFAIK two factor on LocalBitcoins is only for logging in, not for withdrawals, so it provided absolutely no protection against this exploit.
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Such systems need years to eat through regulation-walls, they need billions in the background to make insurance profitable, and they need years of organizing and planning and so on. There is no shortcut. We'll see. BTW, I consider dealing with regulation-walls to be a waste of time and resources. Limiting Bitcoin business models to only the ones sanctioned by governments is like inventing the automobile but artificially restricting it to horse-drawn carriage speeds. |
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The problem is not the code. Bitcoins code is by far better then bankers code. The problem is the organization respectively the lack of professionel organisation. I hope it will come, but by now bitcoin is the most user-unfriendly kind of money ever existed.
My totally incompetent banker offers me a insurance-system and a banking-system and a law-system which was made to protect me as a consumer.
I don't say bitcoin won't have this. I hope it will. I expect a system which provides those services will exist within six months. |
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Isn't that the ramreduceleveldb branch? rrld_planB branch Do you have an SSD? Blockchain is stored on two spinning rust disks in RAID 0. /home is an NFS volume accessed via gigabit ethernet. File server is linux MDRAID 6 running on an Ivy Bridge platform. I ask especially because 14 GB seems too low. Did you scan the whole blockchain up to like 257k blocks?
It scanned the entire (mainnet) blockchain. I did explicitly disable snappy support in the bundled leveldb, so that might affected something. |
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The answer is: there is no specific definition. They won't tell you what it is until someone decides to come after you and the prosecutor makes up criteria after the fact.
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