Once we hit that vertical increase, the 10-minute interval assumption goes right out the window. Thoughts? the interval assumption is not really an assumption - it is the way the software is designed to work through difficulty increases. over a long period of time the 10-minute/block value should hold up to pretty much any technology advance. It's designed to increase difficulty but isn't it at a static rate? What I'm trying to figure out is if mining difficulty increases at a static rate but technology increases at an exponential rate, wouldn't there be a point where technology surpasses? Isn't that basically inevitable? no. it does not increase at a static rate, but rather at a rate calculated on what is happening now. it's quite fluid. |
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Once we hit that vertical increase, the 10-minute interval assumption goes right out the window. Thoughts? the interval assumption is not really an assumption - it is the way the software is designed to work through difficulty increases. over a long period of time the 10-minute/block value should hold up to pretty much any technology advance. |
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Does not compute. That's some Yogi Berra logic right there.
Nobody mines anymore, the difficulty is too high.
there are 10 Thash/sec of miners out there who disagree with you. i am one of them. my hardware is paid for, and my electrical costs are currently (with exchange prices at around $15) about four-five days/month. the rest is profit. |
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hmmm.
i'd try stashing my whole bitcoin client in some other directory, installing a new client, deleting the wallet and block index from the new client, putting the old wallet into it and starting it up.
deleting blkindex fixed the problem, but now it has to download all the blocks again i had a similar problem happen to me before but with a different error it seems to involve having the client open when you unplug/hard reboot your pc yeah... databases don't like to be blinked. |
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hmmm.
i'd try stashing my whole bitcoin client in some other directory, installing a new client, deleting the wallet and block index from the new client, putting the old wallet into it and starting it up.
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i don't think that's accurate. ...where exchanging money in and out from will be harder than just purchasing the equivalent in diamonds and getting on a plane or whatever is required to move money anonymously. i have some experience moving assets across borders, and completely eliminating the risk of interdiction has tremendous value - certainly more value than a bit of hassle exchanging BTC for local currency. cops are dishonest (they don't stay bribed), customs agents are very good at their job (your diamonds have a fair chance of being found), baggage handlers consider the primary focus of their job to be finding a retirement plan, and the information that you are carrying an asset (like diamonds) has value to many unpleasant people. you might want to re-think this. |
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look at your wallet.dat.
is it still there?
what is the 'last access' timestamp on the file? does that fit with the last time you accessed it?
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gMail was in beta until last year...
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Hello everyone:D
I was messing with my Bitcoin, encrypting my wallet.dat and securing myself....
But At one point I ended up replacing the original with the encrypted and had to start all over.
Luckily a friend replaced the few bitcoins I had, But!
Is it possible to regain the others or are they lost for good?
All help with be muchly appreciated, The best answer will get BTC from me<3
i don't see your problem. amplify, please. |
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<--- I'd like to be able to see the date someone signed up, without having to visit their profile page.
you can, essentially. just put your mouse over a user's handle, on the left side of their post - then, on the status bar at the bottom left of your browser window (assuming you have the Status Bar enabled in "View"), that users registration number will show up in the form: "u=xxxxx (some number)" for example, your number is 7361. mine is 7795. indicating that i signed up 434 user registrations after you did. sirius' (the OP) user number is 4 - indicating that he's been here for awhile... |
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the most important thing in all of this is in the first comment to the reddit post: Imagine if we had this level of transparency with the fed! ~useful_idiot really - that is so clear... |
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yes - i agree with posts 2 & 3.
additionally, i don't even think it matters if some early adopter with a metric crapton of BTC cashes out stupid and gorgles the market for a week or two.
the point is: it takes care of itself. distribution occurs as incentive increases.
and the truth is - if the goal is an effective international and uncontrollable (by governments and banks) currency, it just ain't gonna happen until a certain amount of homogeneity has evened out the wealth structure. everybody has a price they'll sell at - and the lower the cost of entry, the lower that price is.
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interesting product.
but... you have to light it with something first, in order to light a cig with it?
kinda complicated...
isn't there a spark-lighter thingie you could put it in that would get it going without the hassle? like one of those WWI trench lighter knockoffs or something? brass. brass sells.
if i could take it out and make it light without having to light it with something else first, i'd probably buy one.
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I tend to think Bitcoin is in a very early stage still, and unfortunately cannot work in the coming collapse of our countries. Think that the value that people (at large) assign to Bitcoin is the value of the exchanges, and the exchanges need the current banking system to be able to work. This is the only way at the moment to spread adoption and usage. If Greece collapses, the banking system goes out the window as well, so who would have a way to objectively determine the value of a bitcoin? What good would it do to get a 100$ quote for a BTC on Tradehill, if I cannot actually execute this trade because fiat money cannot be moved around since banks are closed for business. It takes years of wide adoption for a new currency to get a balanced fair value on the market. We've had this in Greece with hyperinflation after the German Occupation in WW II. People were giving out a gold sovereign for a pair of shoes or half a dozen eggs, because they could not negotiate prices, since they did not know what the fair value of gold was. So, all in all, this is a nice thought, but like our bailouts it's "too little, too late". And Jaime's post above shows exactly how we are being treated (no offense to you Jaime). Last thing we want is another bailout, from Bitcoin miners this time.  All those who are "saving" the country right now, are in it for the sweet deals. We might just as well get a hard-backed currency and give up our Internet connectivity. Simple and tried. In any case, time will tell. I might be wrong. I am thinking of proposing to the admins a Greek subforum, I just don't have that many posts to support my position. it's a good idea. quite timely - and a good riff off Bitcoin and current affairs. you don't need 'posts' to support a good idea - all you need is the idea. send a PM to theymos... |
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You can predict it. Just look at how many blocks to go, and divide by the current blocks/hour rate. That will give you a pretty accurate idea. Right now it's looking like Friday morning.
It will be another doozy.
How exciting!!!! Less BTC, more competition, less trading, less credibility, lower exchange rate!? What could go wrong? What does it take to make the difficulty lower? ummm... no. Less BTC no. 7,000 more per day. more competition ok - yes. so? less trading no. more trading - as those who are motivated purely by money transition from mining to trading and arbitrage. less credibility no. more credibility, as the Bitcoin economy diversifies and expands from mining and speculation into trading and arbitrage. lower exchange rate no. a larger and more diversified Bitcoin economy, with more and more deflation kicking in by design, will inevitably result in a higher exchange rate. |
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when all 21 mill is mined, or nearly mined, what gives miners incentives to mine? if no miners are around, then who is validating the transactions?
look into transaction fees... |
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So now you want to know which emails are active?
Kill the brand, sell anything (if anything) of value, do something else.
The people on this forum are some of the most hateful I have seen anywhere. If this is the "bitcoin community", then bitcoin is doomed. Two possibilities. 1. He knew he had a bunch of hacked emails to spam 2. He doesn't know who the fuck he's emailing I don't care, it sits with all the other shit viruses and phishing emails I'm getting. we're all a little stressed and thin-skinned at the moment, FreeMoney. there is a possibility #3: that it's an on-the-level apology, with goods. maybe not; sure. but still, GBVAULT is a business that accepts Bitcoin - on its frontpage no less - and might be entitled to a bit of leeway... |
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I see. I wonder how people will adapt to accepting .002 as something valuable when we are currently used to paying 1.00 or 100.00 for something.
I agree with the idea of breaking the coin down, but will the common folk accept .000025 for a t-shirt one day.
why not? they accept it in the other direction, don't they? a quart of milk used to cost 0.25 USD, now it costs 1.75 USD. same thing, no? |
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What happens when you receive a fraction of a bitcoin? Does each coin have a guid, ahdn if I receive .5 of coin "A", does my wallet literraly track that I have 1/2 ownership of coin "A"? And this works all the way down to eight decimal places?
you don't have "1/2 ownership of coin "A"". you have a value equal to 0.5 BTC. if somebody gives you a US quarter in change, it's not part of some dollar bill (or coin), is it? |
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