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361  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: September 16, 2015, 02:06:38 PM
What about Danny Brewster? Nobody heard anything else about him?

I have an update on all 3 guys.

They stole your money, you guys sat around for over a year doing nothing, so they're gone and so are your coins.

Contrary to what you say they all have arrest warrants in several countries and so they are not free to move anywhere.
They are also on the most wanted list on several black circles. It's not nice to be listed there.
Plus at least one wife (of one of them, JM) has been listed naked, f***d and abused on the dark web and this black website is visited by millions of people.
So it does not look like any of them is in a good situation, don't you think?
It would have been better for them on many cases to give back what they stole.

Is this real? Sounds awful. If she did not know about it or maybe he doesn't even care about here. Whose wife was it? Is JM the shortcut for the scammer or the wife?

I did not think that it went this far already with the bitcoin community. I would like to think the persons that did that to the woman are not real bitcoiners but when i read all the threats and more on the forum i think i can't say that for sure. Sad
362  Economy / Service Announcements / Re: [ANN] Purse.io - Bitcoin Amazon Marketplace - Save ~10-25% on Amazon Wishlist on: September 16, 2015, 01:20:04 PM
Please check this reddit post when a guy had trouble with police since he bought in amazon through purse.io
https://www.reddit.com/r/Bitcoin/comments/2po40d/since_my_house_is_being_searched_right_now_small/

In reading the thread, it seems that was a pretty unique situation and in Europe as well. I have not heard any issues since and none in the USA.

To sum it up: for which party is it a bigger risk to use Purse? Buyer or seller?

In Europe or the US?

I have heard about issues in the US before as well.

The person who receives items is the biggest risk, since the funds used to purchase it could be illegal (meaning police are likely to suspect that you're the one carding since you're the one who benefits). It's rare, though, I'd think.

That is correct. Purse.io really should allow spenders to chose some minimum settings for buyers. Only those meeting those criterias can buy for you. For example i would set that i only chose buyers who had at least 3 successful trades 1 month ago. That will make it nearly impossible that he used carded funds.

But then... it could be still gamed. For example buying correctly at the start, with some anonymous prepaid virtual credit card. But it would lower the risk a lot i think.

It's a tough thing, because how would they get the successful trades to begin with? They would need to do trades that are risky (or someone would need to trust them in the beginning). I'll brainstorm this a bit and see if I can come up with a good way to handle it.

I know, new buyers would have a problem. Though for the spenders it would be good. They would not need to care about newbie buyers. Though they might lose some buyer who would buy their wishlist for a higher discount that way. It would be up to them to chose what they prefer.

At the end, i think, there still would be enough users that would allow newbies as buyers. Especially if it is the default setting.
363  Other / Archival / Re: delete on: September 16, 2015, 12:13:00 PM
I would say no.

I had typed in everything here, but when I posted it, it kept loading for some 2 minutes. I clicked Back, and wow, everything was empty. Sad
Checked drafts too. Gone, lol. Wink [Bits and parts that I could remember:]

You probably use firefox then since chrome does not delete the formular contents.

If this happens again then go back and if the form is empty go forward one page in history. Firefox will then ask you to resend the content. If you do then you might get your post sent.

Another tip is that you should install the firefox extension lazarus. It is an extremely valuable extension which saved me a lot of data already, not only on this forum. Wink
364  Economy / Service Announcements / Re: [ANN] Purse.io - Bitcoin Amazon Marketplace - Save ~10-25% on Amazon Wishlist on: September 14, 2015, 01:46:31 PM
Please check this reddit post when a guy had trouble with police since he bought in amazon through purse.io
https://www.reddit.com/r/Bitcoin/comments/2po40d/since_my_house_is_being_searched_right_now_small/

In reading the thread, it seems that was a pretty unique situation and in Europe as well. I have not heard any issues since and none in the USA.

To sum it up: for which party is it a bigger risk to use Purse? Buyer or seller?

In Europe or the US?

I have heard about issues in the US before as well.

The person who receives items is the biggest risk, since the funds used to purchase it could be illegal (meaning police are likely to suspect that you're the one carding since you're the one who benefits). It's rare, though, I'd think.

That is correct. Purse.io really should allow spenders to chose some minimum settings for buyers. Only those meeting those criterias can buy for you. For example i would set that i only chose buyers who had at least 3 successful trades 1 month ago. That will make it nearly impossible that he used carded funds.

But then... it could be still gamed. For example buying correctly at the start, with some anonymous prepaid virtual credit card. But it would lower the risk a lot i think.
365  Bitcoin / Bitcoin Discussion / Re: List of reasons we do not need bigger block sizes on: September 09, 2015, 12:11:53 AM
increasing block size is not the solution. even at 1 TB you cannot fit all of the day to day transactions for billions of people + IoT + all of the financial stuff build ton top + micro transactions + unknown unknowns.  Lightning network is the best solution that i see so far.


This is a great argument which clearly shows that some people don't care about bitcoin but instead about some altcoin that they claim is better suited. What does this have to do with bitcoin? Nothing anymore.

We need to make bitcoin better. And that only can be reached with making bitcoin fit for the future.

Nobody awaits bitcoin having as many transactions as visa suddenly. But we know that the bitcoin usage is slowly rising and me need to be prepared for that.

All this fear spread... it would be funny when it wouldn't be sad.
366  Bitcoin / Bitcoin Discussion / Re: List of reasons we do not need bigger block sizes on: September 08, 2015, 11:57:34 PM
"We need transaction fees to go up, and the only thing that will force them up is the blocksize limit."

We don't need fees to go up, cheap transactions is one of the major points of using bitcoin.

This is an argument for increasing the block size.



Tradeoff with accessibility issue ... would you rather let everyone pay 5 cent for a tx or would you rather exclude half the planet from using it?

And who is mining for free? Raising max txs ahead of demand will weaken the network in the future aswell as exclude billions of users and push centralisation.

Arguing for a contentious hardfork, hostile takeover of btc by Gavin/Mike and all that is really a lost cause...

Then we need to increase transactions on-chain to generate more fee revenue, not the other way around, off-chain transactions are the centralized ones, unless you have a real proposal for decentralized off-chain transactions...

If users choose XT, XT it is!

And because of bitcoin network nature changes need to be planed way ahead.

YOU don't CREATE transactions. They occure or they don't. Bloating the chain won't make more txs magically appear - well, maybe spam and dust-junk increases. But when you want a bloated chain full of junk, why would you want to tarnish bitcoin for that?  

Increased spam and junk is not genuine growth.

Then why do you fear that ominous spam coming when turtle claimed we are not even half full with our block? Shouldn't we have full blocks already when your spam fear would be true?

The blocks are not full with spam because it is costly. And it will be even more costly filling 8 MB blocks. No one would pay that because there would be no reason to do so.

I always wonder where suddenly all the spam should come from that does not even now happen. And the spam attacks that happen now only make sense because there is so few space in the block anymore. Otherwise the cost for spamming would be way way higher. And no one would pay for it.
367  Bitcoin / Bitcoin Discussion / Re: List of reasons we do not need bigger block sizes on: September 08, 2015, 11:54:16 PM
"We need transaction fees to go up, and the only thing that will force them up is the blocksize limit."

We don't need fees to go up, cheap transactions is one of the major points of using bitcoin.

This is an argument for increasing the block size.



Tradeoff with accessibility issue ... would you rather let everyone pay 5 cent for a tx or would you rather exclude half the planet from using it?

And who is mining for free? Raising max txs ahead of demand will weaken the network in the future aswell as exclude billions of users and push centralisation.

Arguing for a contentious hardfork, hostile takeover of btc by Gavin/Mike and all that is really a lost cause...

No one wants Hearns crazy ideas. Not even the one that chose xt temporarely.

And why the fear of miners working for free? You realize that mining is so rewarding nowadays that we have 100 times more hashrate than needed to make the whole bitcoin network secure? Bitcoin mining is way too rewarding at the moment. You really should not fear that miners drop their work. Miners NEED to drop their work. It does not make sense that it costs 1.75 average us households daily power usage for one single bitcoin transaction.
368  Bitcoin / Bitcoin Discussion / Re: List of reasons we do not need bigger block sizes on: September 08, 2015, 11:50:47 PM
"We need transaction fees to go up, and the only thing that will force them up is the blocksize limit."

We don't need fees to go up, cheap transactions is one of the major points of using bitcoin.

This is an argument for increasing the block size.

"Once we hit the 1 mb limit free and nearly no fee transactions will be forced off chain. There is TONS of dust, spam, and gambling that can be done off chain. Over half of all Bitcoin transactions right now are basically dusty junk. This will make plenty of room for legitimate transactions."

Decentralization is one of the major points of using bitcoin, off-chain transactions are centralized, again, this is an argument for increasing block size.

Don't know what a "non legitimate transaction" is, as far as know, if it follows the network rules it's "legitimate".

Yeah... it somehow reminds of him wanting that someone decides what transactions are valid and which not. Illegitime transactions, dust and so on are unworthy to be part of bitcoin. They should be done "off chain". Well, that is the very definition of centralization, insecurity and totally not what bitcoin was created for. Roll Eyes
369  Bitcoin / Bitcoin Discussion / Re: List of reasons we do not need bigger block sizes on: September 08, 2015, 11:36:14 PM
1) Bitcoin block rewards will eventually become infinitesimal, at that point transaction fees will be the only rewards miners get. Right now transaction fees are around 0.1-0.5 BTC per block, which is nowhere near enough funding to secure the network by itself. We need transaction fees to go up, and the only thing that will force them up is the blocksize limit. Increasing block size might cause fundamental damage to Bitcoin due to this.

You realize that you will destroy bitcoin when you try to make up block halving losses with higher fees? I wonder how you guys think that could somehow work.

Besides that... you know that we have way way too many miners? Mining is way too rewarding at the moment, the profits are way too high. We need less miners, not higher fees.

At the moment we have a so high hashrate that we could handle 100 times more transactions and the network would still be safe. So we have 100 times more hashrate then we need.

And after this relatively new study, each bitcoin transaction is using the electricy that 1.75 average us households use in one day. For ONE single bitcoin transaction.

No, really, we don't need higher fees.

2) Currently average block size is less than 0.4 mb now that the stress test bullshit is over. Gonna be a long time until we even hit the 1 mb limit.



Though still we will hit it. And the plans for 8MB are longterm. It will happen in months.

By the way... with 1 MB we have no space for a sudden bitcoin adoption rise. If big players accept bitcoins and the transactions rise up then bitcoin would brutally fail. And it would get a hit that would be really hefty. Very bad user experience. Deadly.


3) Once we hit the 1 mb limit free and nearly no fee transactions will be forced off chain. There is TONS of dust, spam, and gambling that can be done off chain. Over half of all Bitcoin transactions right now are basically dusty junk. This will make plenty of room for legitimate transactions.

Only because you live in a rich country doesn't mean that people with less money than you do "junk" transactions.

And when you take this important feature of bitcoin, what will you have then? Another paypal? Great. Why should someone switch to use bitcoin again then?


4) Once almost all the junk is forced off chain the rise in fees will be very gradual, and it will take a long time for the fees to become an issue for people. In any case the blockchain will function perfectly fine regardless of transaction data volume, fees will simply rise.

See again my answer to point 1. There is simply no need for rising fees now. And "simply rising" fees are a problem. Might be it is unimportant for you but free and cheap transactions are a key plus feature of bitcoin.


If fees ever do get too crazy I'd support a block size limit increase too, but I don't expect that to happen for over a decade if ever.

Then why again do we need 100 times more mining power and so costly transactions, power wise, that we look like a danger to ecology?


5) Hard fork of Bitcoin is dangerous and can result in mass confusion, double spends, and loss of Bitcoins. It will damage the value of Bitcoin at least temporarily.

Yes, the confusion is there. FUD spread from all sides, way too emotional. Though that is something that happens on both sides.

I wonder if there will be a problem. I think the fear of the fork is already the worst thing. The actual thing will go through without problems i think.


6) We need to maintain a group of scientists which reach a consensus, not just centralize Bitcoin under a couple of developers.

Feel free to add if I missed any.

I felt free too add. Smiley
370  Bitcoin / Bitcoin Discussion / Re: Transactions speed prevent us from going to Mainstream ? on: September 07, 2015, 01:48:58 PM
Spending bitcoin for daily expense like cofffee, train ticket is same as spending cash, but bitcion is e currecny. Most of the  shops don't require the waiting for 1 confirmation.

It makes no sense anyway since a double spend will not happen for a coffee or so. Even for huge buys it would make no sense on many levels.

The only thing i can imagine, being risky, might be a fork the merchant and buyer are on. So that no real bitcoins moved.
371  Bitcoin / Bitcoin Discussion / Re: What are the downsides to 8MB blocks? on: September 07, 2015, 01:04:52 PM
If a bigger block affects microtransactions, that is really bad. I think that the ability of sending a fraction of a cent is one of the good things of Bitcoin (microearnings, crowdfunding by lots of people, etc). Is it really that so? Bigger blocks will hinder microtransactions?
No. It's the opposite.

When transaction volume bumps into blocksize limit, it causes increase in fees, which can make microtransactions unfeasible. (You might have to pay more in fees than your transaction is worth) Fees rise as people have to compete to get their transactions included to the block.

With bigger blocksize limit there's no or very little fee competition and thus microtransactions remain feasible.

Do you think we should address dust transactions which maximize output/transaction size (i.e. spam)? After all, competition for inclusion in blocks during stress tests is absolutely not a result of organic growth in transaction volume (adoption). This is obvious, since it diverges sharply from average transaction growth, then reverts to the mean following the stress test.

Perhaps increasing the block size is not the only way to address spam attacks.....

Though the result of an artificial block size limit would nothing less than raising fees when the blocks are full most of the time. So microtransactions won't work anymore the way they were. So it doesn't really matter if the spam attacks artifically raised fees. With 1MB blocks blocks will be full all the time and one point. And that inevitably means rising fees.

As if the bitcoin network needs rising fees. Mining is so rewarding at the moment that we have 100 times more hashingpower than needed to secure the network. 100 times. Which translates to 1 transaction costing so much power like 1.75 average us households use in one whole day.

Sure, i can see why miners want to earn more or want their old miners still earn. But it is completely impossible to fight the blockhalving with rising fees too.
372  Bitcoin / Bitcoin Discussion / Re: What are the downsides to 8MB blocks? on: September 07, 2015, 12:58:46 PM
No worries. Hearn says that miners whose bandwidth is too limited can create their own altcoin and leave bitcoin.

No worries. The remaining core developers say that bitcoiners that think that bitcoin fees became way to costly, transctions going through are uncertain and so on can use the great new altcoin sidechain lightning network and leave bitcoin.

Roll Eyes

Oh the irony.

How i hate how the bitcoin development has become a pool of politics that don't work on the main thing anymore but on their own little side project that they work for in reality. Corruption i would name that in the real world.

It's a pity.
373  Bitcoin / Bitcoin Discussion / Re: What are the downsides to 8MB blocks? on: September 07, 2015, 12:52:49 PM
A good argument against the bitcoiners that demand 1MB blocksize because "Miners have to be rewarded" is the electricity that goes away with that. I recently read an article about a study saying that currently 1! bitcoin transaction costs so much electricity like 1.75 normal US households use in a day.

We can't let all these miners survive artificially by raising the fees. The amount of miners need to be trimmed down and the bitcoin security be more power efficient. That was always happening and it should and can't be held up artificially. The bitcoin network would be still very very secure with less miners.

Unfortunately miners are the mighty ones in the game. We only can hope that the sane one are the biggest ones. And that they see the need of bitcoin adoption for getting future profits.

That is a sick amount of power... So mining one block consumes the power of a full city? That is insane and not sustainable, especially if it keeps rising...

I do agree that's a lot to secure this level of Bitcoin transactions as of today. But I also read that current amount of hashing power is enough to secure even a 100 fold increase in the transaction number and user number. So to say, if we would have 100 million users, the network would be secured with today's hash rate.

That's why I don't understand the opponents of the block size increase. Bitcoin has to scale in order to be sustainable in the long run! For that we need bigger blocks!

but WHO will ever be able to download 8MB

8 FUCKING MASSIVE MEGA BYTES

this will surely make minning WAY more centralized

Well then we have a huge freaking problem! Then Bitcoin isn't ready for mass adoption and how will ever be ready? What solution is there besides sidechains, if the sidechains are even possible?

I have a typical home connection downloading 8MB might take me anywhere from 2 to 6 seconds

if i'm streaming a movie it could take 12seconds i guess

so it clearly unacceptable to expect miners to download 8MB, so there can be no doubt 8MB WILL centralize bitcoin mining.

Are you being serious here Adam or ....?

I also have a typical home connection and 8MB would take me about 0.5-1 sec, if I would be a miner, I wouldn't stream a movie on the connection, but buy a second one.
If my current connection is to slow I still have the possibility to upgrade to a higher speed connection.

So if I can do it, surely a miner making millions should be able to figure it out.

if miners can't stream 3 HD pron movies all at once while mining on a typical home connections , mining will become centralized! simple as that.

Sure, because there is no way to specify the mining client to be prioritized. Roll Eyes I mean bitcoin must be so low tech that every porn streamer can mine and stream at the same time.

That is so very much arbitrarely, it's funny somehow. I mean why not lets say that we can't take out the commodore 64 users? Let's downgrade bitcoin because we don't want anyone being discriminated. It's not the fault of the person who does hinder bitcoin on it's work, right? Roll Eyes

I await the very few remaining home miners are a lot smarter than that.

Again... problems come up that are no problems. Roll Eyes
374  Bitcoin / Bitcoin Discussion / Re: What are the downsides to 8MB blocks? on: September 07, 2015, 12:44:58 PM
A good argument against the bitcoiners that demand 1MB blocksize because "Miners have to be rewarded" is the electricity that goes away with that. I recently read an article about a study saying that currently 1! bitcoin transaction costs so much electricity like 1.75 normal US households use in a day.

We can't let all these miners survive artificially by raising the fees. The amount of miners need to be trimmed down and the bitcoin security be more power efficient. That was always happening and it should and can't be held up artificially. The bitcoin network would be still very very secure with less miners.

Unfortunately miners are the mighty ones in the game. We only can hope that the sane one are the biggest ones. And that they see the need of bitcoin adoption for getting future profits.

That is a sick amount of power... So mining one block consumes the power of a full city? That is insane and not sustainable, especially if it keeps rising...

I do agree that's a lot to secure this level of Bitcoin transactions as of today. But I also read that current amount of hashing power is enough to secure even a 100 fold increase in the transaction number and user number. So to say, if we would have 100 million users, the network would be secured with today's hash rate.

That's why I don't understand the opponents of the block size increase. Bitcoin has to scale in order to be sustainable in the long run! For that we need bigger blocks!

but WHO will ever be able to download 8MB

8 FUCKING MASSIVE MEGA BYTES

this will surely make minning WAY more centralized

Well then we have a huge freaking problem! Then Bitcoin isn't ready for mass adoption and how will ever be ready? What solution is there besides sidechains, if the sidechains are even possible?

I have a typical home connection downloading 8MB might take me anywhere from 2 to 6 seconds

if i'm streaming a movie it could take 12seconds i guess

so it clearly unacceptable to expect miners to download 8MB, so there can be no doubt 8MB WILL centralize bitcoin mining.

You think we have decentralized mining now? Where did you life the last year? Oo

And you fear 2-6 seconds download time? What is so much better in needing 0.25 to 0.75 seconds? What will it safe for you?

And it will take a long time with the normal adoption rate of bitcoin to reach 8MB constantly.

What exactly is your problem with that? It's not like there will something negative happen when you don't get a randomly spread block in around 10 minutes in under 1 second. Roll Eyes
375  Bitcoin / Bitcoin Discussion / Re: What are the downsides to 8MB blocks? on: September 07, 2015, 12:32:26 PM
If we increase this to 2 txs, and the second tx doesn't appear (spare space), then the first tx will simply lower its fees (blocksize becomes non-scarce).

That's again an assumption that was proven wrong long ago by reality. As long as the 1 MB blocks were not full the fees did not vanish like you make the story go. The bitcoiners still pay their fee. Might be because of the wrong assumption that it will go much faster or is needed. In fact it is a little bit faster and the feest are very small anyway. So no one cares really paying them.

Your assumption is already proven incorrect. There is no reason to assume that will change only because we have 50% free space in a 8 MB block instead in a 1MB block.

BUT

After our increase, we doubled the amount of users that can make transactions in 10min intervals.
We doubled the amount of possible transactions, but we can't magically double the actual amount of them.

What's the point of Bitcoin if you can only send money to a limited amount of people?
That's not my point. I want Bitcoin to scale while still retaining its unique characteristics.

Yes, we doubled the amount of possible transactions. And that's something crucially needed. Imagine paypal having a max global allowed transaction amount per hour? That would be plain stupid and everyone would go away.

If suddenly a big company like ebay would start accepting bitcoin then bitcoin would show it is useless. No one would use it after having seen how limited it is. Artificially limited.

It's good that you want to keep bitcoins unique characteristics but surely higher fees are not the way. On top it would mean unreliablity since when you somehow end with a fee too low, you will not get it send. That is deadly for a payment system.

So sorry, your way will surely kill bitcoin in the long run.
376  Bitcoin / Bitcoin Discussion / Re: What are the downsides to 8MB blocks? on: September 07, 2015, 12:23:31 PM
Linuld, really... you are asking the same questions that have been answered like a thousand times, and making arguments that have been countered a thousand times...

I will only comment on some of them:
Quote
On top... you know that the current blocks are not even filled full. They only are full when these spammers act. And there is no reason to assume that suddenly, with 8 Megabyte Blocks, these blocks will be full. Where should all these transactions come from?
There's a perfect reason to assume that blocks are suddenly 8Mb -- if there's a specific attack vector linked to full 8Mb blocks, it will be used. It's not that expensive, especially when fees are gravitating towards infignificant amounts due to big blocks.
Quote
8 Megabytes per 10 Minutes and you think we will get in problems with that? What kind of internet connection do you have in order to fear that?
A decentralized network robustness depends not on an average throughput, but on the throughput of bottlenecks, namely network bottlenecks (China-ROW, e.g.), CPU bottlenecks and others.
CPU bottlenecks are currently being worked on by core devs.
Quote
Sure. And will you pay that? You realize the cost of the recent spam attacks? And those were only some KB. You speak about filling up a lot MB with spam. I wonder if you will find someone who will do the spamming.
Do you realize that yeaterday's attack created more than 35Mb transaction backlog -- enough to fill more than four 8Mb blocks.
The previous attack had much larger backlog.
Quote
And of course i referred to the natural adoption of bitcoin that will fill the blocks. Spamming won't happen since it does not make sense then anymore in any way for the spammer.
"Sense"? What's the sense for an attacker currently? Do you realize that with this natural adoption even 8Mb blocks will get full at some point, and the closer they get to 8Mb, the less costly is a spam attack.
We can't solve the spam attack by allowing for more bloating, we can fight it only with fees, which are bound to go towards zero if we keep increasing blocksize limit beyond demand.

What do you write here? You assume they will be filled because you assume it will be so? You know, i know that the past has shown that you are not correct. So i'm fine with me being not convinced by your assumption. Roll Eyes

The bottlenecks you describe are nonsense too. The bitcoin network can't remain so lowtech that each and every modem user can use it. It only must be useable with the hardwar that is widely used. And that includes relatively old hardware too. But when someone uses tech from 10 years ago then he can't await that he can use every software running nowadays. I mean you set higher rules then they are usual in ever other area. And that makes no sense.

*lol* You argument with 35 MB backlog? And? Then will be four 8 MB blocks filled. Then the spook is over. Roll Eyes

And again... do you want to spam a network with 8 MB blocks? For what reason?

*lol* Again an argument that you use that will be solved with 8 MB blocks. You say if the blocks are nearly full attacks will cost more and that we should not upgrade to 8 MB because they eventually will be full too at some point. So let's keep 1MB? Surely that makes sense.

If we fight the spam with fees then bitcoin will lose one of it's rare advantages. But i guess you would be ok for that? Altcoin involved or so?

But maybe you don't want the blocksize rise because it is only a temporary fix. Then yes, i would prefer no limit at all. Past has shown that it was no problem to have enough free space in the blocks. They did not fill up because some ominous spammers with deep pockets filled them up.
377  Bitcoin / Bitcoin Discussion / Re: Core developers: we want bigger blocks on: September 03, 2015, 04:51:25 AM
IIRC, the consequences is appearing.
look, if we want a bigger block, you will have to pay lots of money for your hard drive.

No? Why do you think so? Why should there somehow suddenly full 8 Megabyte blocks happen. Where should all these transactions come from? The 8MB are the maximum only. And it will take a lot of time until we naturally reach that limit. And you know harddrive space is growing constantly each year.

There simply will be no problem.
378  Bitcoin / Bitcoin Discussion / Re: Core developers: we want bigger blocks on: September 03, 2015, 04:31:34 AM
I don't want bigger blocks. The consensus does not want bigger blocks.

As block rewards drop to zero transaction fees will be the only thing left to pay miners to secure and run the network. Increasing block size jeopardizes this important mechanism.

Why do you think we need to raise the fee to keep the miner payment high? Will you raise the fee in order to compensate the block halving too? That would be instant dead to bitcoin.

It simply can't be done.

And do you realize that the bitcoin network has way too much hashpower? That shows that the rewards are very high. In fact a study showed that only one bitcoin transaction nowadays eats as much electricity as one average US-Household uses a whole day. We have so much hashpower that we could handle hundred times more transactions and the bitcon network would still be safe.

We don't need to raise the fees! Miners had to switch off hardware all the time. Otherwise they would still mine with CPU and GPU. When the rewards get lower then this would be actually better for bitcoin.

Unfortunately the one that decide everything are the miners. I wonder if they decide to their own good in the short term or in the long term.
379  Bitcoin / Legal / Re: What Tokyo's Mt Gox Ruling Means for Bitcoin in Japan on: September 03, 2015, 04:01:52 AM
If there were ownership in bitcoins, when you received bitcoins from another person, you would be exposed to the risk of someone demanding that you return the bitcoins to them, arguing that they are the owner instead of you – possible reasons for this could be, for example, if the bitcoins were stolen from them or if the agreement under which they sold the bitcoins was nullified.

http://www.coindesk.com/what-tokyos-mt-gox-ruling-means-for-bitcoin-in-japan/

But that is even possible with fiat. I mean if you have money whose serial number is known coming from a bank robbery then your money is taken without a refund.

And bitcoins can be followed the same way up to the single satoshi.
380  Other / Politics & Society / Re: Putin Is Losing a Nasty Food Fight on: September 03, 2015, 03:58:39 AM
I believe that is coming from the mentality of russians. The police is not to trust there. So they take the right in their own hands often enough. And criminals are often enough heroes. So they think putin is a strong person that took what he wanted and because of that they like him.

You are unable to digest the truth. So now you have started to slander the Russian citizens? Russians don't have a very short memory. They remember very well what the American puppet Boris Yeltsin has done to them. Putin was the one who kicked out all the criminal oligarchs from Russia, causing heartburn for many of the "pro-democracy" supporters from the United States.

Ah, so you simply are a fan of putin. Fine for me. Though you need to know that not everyone wants to live in a country whose legal system is following the words of the kreml. Where practically one person rules like a czar. It might be fine for others but i would not want it.

In my opinion, when someone saves you from bad persons, then you are not obliged to see that saviour as a saint. He most probably has his failures too. And surely putin has his.

And what do you say about slander? My girlfriend is a native russian and she is the best that happened to me in my life. I didn't know a girl can be that great. So don't tell me i slander russian citizens. If you don't see failures in russia then fine. But don't await that from others.
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