Communism is beautiful in theory. But unfortunatly do not work in pracsis due to the nature of humans. Humans are selfish, you need to be unselfish for communism to work, even though you work harder and better than the person next to you, you have to accept that you get the same, even accept that he get more. I would love a world where there was no money, no one was rich no one was poor, people just strive to educate them self and contribute. But it will not happen because of the nature of the human genome.
That sounds exactly like the current system and not like communism.
Even in theory its horrible. How can you seriously imagine a world where everyone is the same , equal.
It would be the most boring world ever and everyone would commit suicide, and the whole race would dissapear.
Diversity is what gives excitement in life.
In communism people are just the same, when it comes to how much they get paid. Being free from the fear of not earning enough money to survive, people could be just more creative about the work they employ, that would even lead to more diversity (in theory). I also don't think, communism(the real one) would work well, but it's still terrible what people think, communism is about. |
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Die Grösse von M0 ist abseits von psychologischen Effekten nicht relevant.
Umso relevanter sind die anderen Geldmengen. Die haben maßgeblichen Einfluss auf den Wechselkurs, also das was Du für Dein M0 bekommst. Wenn Exchanges wie MtGox Bitcoins aus dem Nichts schöpfen und jahrelang unbemerkt ein Fractional Reserve-System betreiben, dann hat das natürlich maßgeblicher Auswirkungen auf den Kurs. Gleichzeitig wäre ohne diese Ausweitung der Geldmenge das System vermutlich schon längst zum Erliegen gekommen.
Die Bitcoin, die auf einer Börse herumgammeln haben keine Auswirkung auf die restliche Ökonomie, solange ich nicht in der Börse selbst Waren und Dienstleistungen kaufen kann. |
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Since I heard about CPFP, I wonder, if it doesn't enable easier double spends.
Does the receiving address have to stay the same? Couldn't that be changed pretty quick, should miners go rough?
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...
If i start to count up cash they look at me like i am an idiot. Noone use cash i my country. Cash will be removed in a few years because noone want it.
Then you are living in a strange country. Which is it? |
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We should just never have told anybody about confirmations.
Bitcoin are send instantly. I never waited long after paying for my beer, since the barman accepts 0-confirmation transactions.
People handle Bitcoin like there are double spend attacks all the time. Maybe I am in the wrong sections of this forum, but I don't see them anywhere.
Where are all this double spends, that justify waiting 6 confirmations to be sure for a >$10 item?
So, the fault is with the merchants. Do they wait 6 months to accept a credit card payments, since it could be charged back in this time? No? Why are they doing this with bitcoin? A 0-confirmations Bitcoin transaction is safer, than waiting a month after getting paid with a credit card.
The problem is different with chargeback. When paying with a card you trust the operators and so does the merchant. He trusts that the money will come into his account, because a third party takes care of it and vouches for it. With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance). This is a consequence of bitcoin removing trust from the equation. A benefit, and a drawback some other times. That is just not how Bitcoin works. There is also no third party that guarantees, that you really got your money when someone paid with a credit card. I don't know, why it is so hard to understand that a chargeback can occur 6 months later. A chargeback can occur= no guarantee that you really got your money. Got it? Or do I have to rephrase it again? So, for the people, who neither understand Credit Cards nor Bitcoin, it should be enough to understand: Bitcoin transactions are instant and please don't try to tell them anything about confirmations or double spends. They most probably will get it wrong. The coloured parts that you didn't understand and/or reflect upon are explained in greater detail below. I hope this will help. ChargebackI see people bring this argument trying to promote bitcoin that there is no chargebacks and that when paying with card you can get a chargeback even after >>insert time that is not important here<<. I know that it is trendy to dislike banks and similar, but why this argument? It is a different system based on different merits. It is not hard to understand what you are saying and repeating it won't make you understand why a merchant has trust in the payment processor even when chargebacks can happen. This trust is what I was talking about. Let us take an example: Merchant <==> Payment Processor <==> Consumer The merchant, say BuyBigTVsOnline, sells 1000 TVs online in the USA and accepts credit card payment where there is a possibility for a chargeback for 100 years. Just for the sake of argument. 999 customers are satisfied with the product but one (let's call this person randomly) Bob wants to scam BuyBigTVsOnline and files a charge back claiming that his TV never arrived/was damaged or who cares. He gets his money back and BuyBigTVsOnline lost some negligible amount of money. Bob then goes on and does this 3 more times at which point the Payment Processor freezes his account due to fraud (spice it with lawsuit or whatever pleases you) and Bob is out of the picture. Hence, scammers are eventually caught and the fear of this (or hopefully just the wish to be a decent being) motivates average people not to scam others (e.g BuyBigTVsOnline) for no reason (aka the system works). Here BuyBigTVsOnline (!) has trust in the Payment Processor that it catches scammers and on a grand scale his company (BuyBigTVsOnline) won't lose money and also trusts that the majority of his sales will not be charged back. Hence the trust and a working system. Note: don't confuse chargeback with return policy where BuyBigTVsOnline gets its TV back and delivery fees should be in its business model. Also some chargebacks are probably included in the same business model, after all we don't live in a world with unicorns. If as a retailer your business model does not include and anticipate such customer behaviour and unfortunate events, then it is probably a bad business plan. Get fast, automatic access to those funds. Transactions are typically settled in 24-72 hours, not up to seven business days, as it takes with paper checks. sourceThe funds are available to you most likely in a few days with a possible chargeback that you should aim to avoid. So after you have read and considered the above, why is chargeback important? Or how is this relevant to bitcoin? Got it? Or do I have to rephrase it again?
Double-spend "issue"I think you didn't not fully understand the sentence I wrote previously to which (I think) you were referring. Don't worry, it is not a problem and I will explain it again for you. It is not me who needs to hope/trust that a (for example) double-spend doesn't happen, but the merchant. The blue highlighted parts below refer to one another. With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance).Here I will add that he, the merchant, cannot trust the person or Payment Processor organization as an intermediary (or lack of the latter), but he may trust the bitcoin system and underlying software, algorithms as a whole. However, there were issues in the past where coins sent e.g. without a fee were simply held behind and eventually were not included into any block. This needed a manual reset of the transaction and an intentional "double-spend" to transfer the stuck coins. First it appeared that the transaction was sent, but turns out it wasn't. Although this has been fixed a good while ago. More recent events with Chinese farms also caused a small panic attack, it was settled fast, automatically and no major harm was done. There was also a fixe since, as far as I know. These two examples are just to show that unanticipated things can happen, have happened before and probably will also happen in the future. We cannot anticipate and prepare for unknowns that we don't know of. I hope it is all clear for you now! Your post just confirmed what I said. Just because you are trying to paint the picture, that a charge back just occurs in 0.1% of the times, doesn't change, that they happen all the time. It is still just hope, that there will be no charge back. There is no certainty. If you as a merchant are more or less often a target of such a scenario is pure luck. Your examples in the Bitcoin World don't show anything, what would be called a Double Spend. Making your post colorful doesn't change anything about these facts. Does it change anything that he is right? Repeating a lie countless times does not make it true. The debet/credit card system is trusted because it works. Bitcoin has no security for me as a buyer. If a seller does not send the promised goods i dont have any way of getting my coins back but with my credit card i have. Also with the spam attack i have no problem making a transaction that i know will be rejected. Minimum fee will take care of that... Right about what? Where did I tell a lie? Every merchant will thank you for using cash. There is pressure to accept credit cards because everybody does. That doesn't mean they like it. Yes, for a buyer it is convenient, but the involved risk means, that merchants have to make their products more expensive. Do you think, that is not true? For Bitcoin, there is escrow, which, at least for me, seems like a more fair system as the "The buyer is always right"-policy from credit card companies. @Borisz The merchants stay in business, because they put the risk into the price, like you learn in every basic economy education. |
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We should just never have told anybody about confirmations.
Bitcoin are send instantly. I never waited long after paying for my beer, since the barman accepts 0-confirmation transactions.
People handle Bitcoin like there are double spend attacks all the time. Maybe I am in the wrong sections of this forum, but I don't see them anywhere.
Where are all this double spends, that justify waiting 6 confirmations to be sure for a >$10 item?
So, the fault is with the merchants. Do they wait 6 months to accept a credit card payments, since it could be charged back in this time? No? Why are they doing this with bitcoin? A 0-confirmations Bitcoin transaction is safer, than waiting a month after getting paid with a credit card.
The problem is different with chargeback. When paying with a card you trust the operators and so does the merchant. He trusts that the money will come into his account, because a third party takes care of it and vouches for it. With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance). This is a consequence of bitcoin removing trust from the equation. A benefit, and a drawback some other times. That is just not how Bitcoin works. There is also no third party that guarantees, that you really got your money when someone paid with a credit card. I don't know, why it is so hard to understand that a chargeback can occur 6 months later. A chargeback can occur= no guarantee that you really got your money. Got it? Or do I have to rephrase it again? So, for the people, who neither understand Credit Cards nor Bitcoin, it should be enough to understand: Bitcoin transactions are instant and please don't try to tell them anything about confirmations or double spends. They most probably will get it wrong. The coloured parts that you didn't understand and/or reflect upon are explained in greater detail below. I hope this will help. ChargebackI see people bring this argument trying to promote bitcoin that there is no chargebacks and that when paying with card you can get a chargeback even after >>insert time that is not important here<<. I know that it is trendy to dislike banks and similar, but why this argument? It is a different system based on different merits. It is not hard to understand what you are saying and repeating it won't make you understand why a merchant has trust in the payment processor even when chargebacks can happen. This trust is what I was talking about. Let us take an example: Merchant <==> Payment Processor <==> Consumer The merchant, say BuyBigTVsOnline, sells 1000 TVs online in the USA and accepts credit card payment where there is a possibility for a chargeback for 100 years. Just for the sake of argument. 999 customers are satisfied with the product but one (let's call this person randomly) Bob wants to scam BuyBigTVsOnline and files a charge back claiming that his TV never arrived/was damaged or who cares. He gets his money back and BuyBigTVsOnline lost some negligible amount of money. Bob then goes on and does this 3 more times at which point the Payment Processor freezes his account due to fraud (spice it with lawsuit or whatever pleases you) and Bob is out of the picture. Hence, scammers are eventually caught and the fear of this (or hopefully just the wish to be a decent being) motivates average people not to scam others (e.g BuyBigTVsOnline) for no reason (aka the system works). Here BuyBigTVsOnline (!) has trust in the Payment Processor that it catches scammers and on a grand scale his company (BuyBigTVsOnline) won't lose money and also trusts that the majority of his sales will not be charged back. Hence the trust and a working system. Note: don't confuse chargeback with return policy where BuyBigTVsOnline gets its TV back and delivery fees should be in its business model. Also some chargebacks are probably included in the same business model, after all we don't live in a world with unicorns. If as a retailer your business model does not include and anticipate such customer behaviour and unfortunate events, then it is probably a bad business plan. Get fast, automatic access to those funds. Transactions are typically settled in 24-72 hours, not up to seven business days, as it takes with paper checks. sourceThe funds are available to you most likely in a few days with a possible chargeback that you should aim to avoid. So after you have read and considered the above, why is chargeback important? Or how is this relevant to bitcoin? Got it? Or do I have to rephrase it again?
Double-spend "issue"I think you didn't not fully understand the sentence I wrote previously to which (I think) you were referring. Don't worry, it is not a problem and I will explain it again for you. It is not me who needs to hope/trust that a (for example) double-spend doesn't happen, but the merchant. The blue highlighted parts below refer to one another. With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance).Here I will add that he, the merchant, cannot trust the person or Payment Processor organization as an intermediary (or lack of the latter), but he may trust the bitcoin system and underlying software, algorithms as a whole. However, there were issues in the past where coins sent e.g. without a fee were simply held behind and eventually were not included into any block. This needed a manual reset of the transaction and an intentional "double-spend" to transfer the stuck coins. First it appeared that the transaction was sent, but turns out it wasn't. Although this has been fixed a good while ago. More recent events with Chinese farms also caused a small panic attack, it was settled fast, automatically and no major harm was done. There was also a fixe since, as far as I know. These two examples are just to show that unanticipated things can happen, have happened before and probably will also happen in the future. We cannot anticipate and prepare for unknowns that we don't know of. I hope it is all clear for you now! Your post just confirmed what I said. Just because you are trying to paint the picture, that a charge back just occurs in 0.1% of the times, doesn't change, that they happen all the time. It is still just hope, that there will be no charge back. There is no certainty. If you as a merchant are more or less often a target of such a scenario is pure luck. Your examples in the Bitcoin World don't show anything, what would be called a Double Spend. Making your post colorful doesn't change anything about these facts. |
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I tried them out.
With blockchain.info there isn't much happening.
Mycelium also goes black
Bitcoin Core takes ages for Rescanning
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We should just never have told anybody about confirmations.
Bitcoin are send instantly. I never waited long after paying for my beer, since the barman accepts 0-confirmation transactions.
People handle Bitcoin like there are double spend attacks all the time. Maybe I am in the wrong sections of this forum, but I don't see them anywhere.
Where are all this double spends, that justify waiting 6 confirmations to be sure for a >$10 item?
So, the fault is with the merchants. Do they wait 6 months to accept a credit card payments, since it could be charged back in this time? No? Why are they doing this with bitcoin? A 0-confirmations Bitcoin transaction is safer, than waiting a month after getting paid with a credit card.
The problem is different with chargeback. When paying with a card you trust the operators and so does the merchant. He trusts that the money will come into his account, because a third party takes care of it and vouches for it. With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance). This is a consequence of bitcoin removing trust from the equation. A benefit, and a drawback some other times. See, that is the real problem. You have obviously no idea, how a double spend works, if you say, you have to trust/hope, that no double spend occurs. That is just not how Bitcoin works. There is also no third party that guarantees, that you really got your money when someone paid with a credit card. I don't know, why it is so hard to understand that a charge back can occur 6 months later. A charge back can occur= no guarantee that you really got your money. Got it? Or do I have to rephrase it again? So, for the people, who neither understand Credit Cards nor Bitcoin, it should be enough to understand: Bitcoin transactions are instant and please don't try to tell them anything about confirmations or double spends. They most probably will get it wrong. It's easy to do and must happen more that is reported. Find a vendor, say a coffee shop, that accepts zero confirm transactions and buy your $20 worth of coffee and donuts using your phone wallet. Sit down, open your laptop and initiate a transaction to yourself that you constructed earlier spending the same coins but increase the fee to $0.50. The transaction with the fifty cent fee will be included in a block first and make the other transaction invalid. Close your laptop and walk out with your $0.50 box of donuts and three large coffees. It works well. lol That's also not how it works. If a node already has the other transaction in his mempool, it won't accept the transaction, even if it has a higher fee. Learn the fundamentals of Bitcoin before posting bullshit It does work. Try it. Have you bought this account? I don't remember QuestionAuthority writing such a bullshit. I can't remember if he was tech savy, but someone who is that long on the forums would at least pick up basic stuff. |
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is someone testing double spends with this address?
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Thanks for the input. I know Windows probably isn't the safest option, but I do not know Linux well enough and would probably be more at risk do to my lack of knowledge with it.
I have had no trouble so far with my main desktop, I just want to be more cautious as my balance grows. I kind of look at it as my real $$ wallet has never been stolen off my nightstand, but that doesn't mean I would keep $1,000's of dollar in there, I would put larger sums in a safe or bank.
I am not sure about paper wallets, but for now I am thinking the dedicated laptop will be fine. I do not plan to use it other than when I would need to transfer the coins. It is old but functional, and I plan to buy a new SSD, so everything should be clean from the start.
You don't need a SSD for such a dedicated device. There is also the question of a backup since there is still a probability of a Hard Disk failure. But again, there are other people, who can answer that question better than me. |
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We should just never have told anybody about confirmations.
Bitcoin are send instantly. I never waited long after paying for my beer, since the barman accepts 0-confirmation transactions.
People handle Bitcoin like there are double spend attacks all the time. Maybe I am in the wrong sections of this forum, but I don't see them anywhere.
Where are all this double spends, that justify waiting 6 confirmations to be sure for a >$10 item?
So, the fault is with the merchants. Do they wait 6 months to accept a credit card payments, since it could be charged back in this time? No? Why are they doing this with bitcoin? A 0-confirmations Bitcoin transaction is safer, than waiting a month after getting paid with a credit card.
The problem is different with chargeback. When paying with a card you trust the operators and so does the merchant. He trusts that the money will come into his account, because a third party takes care of it and vouches for it. With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance). This is a consequence of bitcoin removing trust from the equation. A benefit, and a drawback some other times. See, that is the real problem. You have obviously no idea, how a double spend works, if you say, you have to trust/hope, that no double spend occurs. That is just not how Bitcoin works. There is also no third party that guarantees, that you really got your money when someone paid with a credit card. I don't know, why it is so hard to understand that a charge back can occur 6 months later. A charge back can occur= no guarantee that you really got your money. Got it? Or do I have to rephrase it again? So, for the people, who neither understand Credit Cards nor Bitcoin, it should be enough to understand: Bitcoin transactions are instant and please don't try to tell them anything about confirmations or double spends. They most probably will get it wrong. It's easy to do and must happen more that is reported. Find a vendor, say a coffee shop, that accepts zero confirm transactions and buy your $20 worth of coffee and donuts using your phone wallet. Sit down, open your laptop and initiate a transaction to yourself that you constructed earlier spending the same coins but increase the fee to $0.50. The transaction with the fifty cent fee will be included in a block first and make the other transaction invalid. Close your laptop and walk out with your $0.50 box of donuts and three large coffees. It works well. lol That's also not how it works. If a node already has the other transaction in his mempool, it won't accept the transaction, even if it has a higher fee. Learn the fundamentals of Bitcoin before posting bullshit |
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Look at how you guys are all helping a scammer.
Did anybody look at his trust?
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Just send me your private key per PM and I will help you with that
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Is this the new trend-topic? I just wrote in another thread: https://bitcointalk.org/index.php?topic=1117697.msg11877497#msg11877497People not understanding the tech, explaining that there is a problem. As I already said in the other thread: The problem are the merchants, who just don't know best practice. There is just no need to wait for a confirmation, when other criteria are met: [snip] For daily transactions, I would be happy to accept an transaction with no confirmation. As long as 1. Transaction has already been propagated well over the network.
2.Reasonable fee is included.
3. Connect the client to different client in different locations
4. Inputs are already confirmed.
5. There isn't any competing transactions. [/snip] (You know, you are getting old, when you have the same discussions with different newbies after a year or so ...) |
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We should just never have told anybody about confirmations.
Bitcoin are send instantly. I never waited long after paying for my beer, since the barman accepts 0-confirmation transactions.
People handle Bitcoin like there are double spend attacks all the time. Maybe I am in the wrong sections of this forum, but I don't see them anywhere.
Where are all this double spends, that justify waiting 6 confirmations to be sure for a >$10 item?
So, the fault is with the merchants. Do they wait 6 months to accept a credit card payments, since it could be charged back in this time? No? Why are they doing this with bitcoin? A 0-confirmations Bitcoin transaction is safer, than waiting a month after getting paid with a credit card.
The problem is different with chargeback. When paying with a card you trust the operators and so does the merchant. He trusts that the money will come into his account, because a third party takes care of it and vouches for it. With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance). This is a consequence of bitcoin removing trust from the equation. A benefit, and a drawback some other times. See, that is the real problem. You have obviously no idea, how a double spend works, if you say, you have to trust/hope, that no double spend occurs. That is just not how Bitcoin works. There is also no third party that guarantees, that you really got your money when someone paid with a credit card. I don't know, why it is so hard to understand that a charge back can occur 6 months later. A charge back can occur= no guarantee that you really got your money. Got it? Or do I have to rephrase it again? So, for the people, who neither understand Credit Cards nor Bitcoin, it should be enough to understand: Bitcoin transactions are instant and please don't try to tell them anything about confirmations or double spends. They most probably will get it wrong. |
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Not really, only the confirmations have taken longer time lately.
And it's the confirmations that some transactions rely on in order for the transaction to actually process for the user to get their purchase. As far as others saying the answer is to raise fees... I totally disagree. Fees are already too high. It's disrespectful and represents a defeatist attitude towards bitcoin to impose such high transaction fees as if this is what bitcoin is supposed to be about. hahaha. Bitcoin is supposed to be about perpetual inflation and no fees? no I think that is a different protocol. When mining decreases, you should expect longer intervals between blocks.If you don't like this fact, you should be using a different protocol. With the fee pressure, mining has increased, but it had been decreasing prior to that. We get to chose between: Longer between blocks, or more fees and higher bitcoin mining and valuation. When hashing power drops 50% than avg. confirmation times doubles. When hashing power drops 10% than avg. confirmation increases ~11% This effect holds on for 2016 blocks. So, no, unless you expect big drops all the time, there won't be a noticeable increase in blocktime. |
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as a senior you don't know what is bitcoin core? seems very odd to me, it's the main client for bitcoin, that many should use more seeing how the last version was immune to the last blockchain split
As a Hero member you shouldn't be asking these things, you should already know. 2 things: 1) Bought account 2) Signature campaign  I wonder where people sell there accounts, I guess it is not directly in this forum. Is it? |
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So as I understand it, each public address that I see in my wallet is actually just way to credit coins to a private address. So if I had a wallet with a hypothetical 100 BTC in it, is it safer to store it all in 1 address or break it up into different addresses? Do I need different wallets or is just having several addresses more important?
I understand if my computer gets hacked, etc., I could lose it all, so it is safest to store on PC that is not used for other things. My question concerns more if the private address is compromised, would someone get all my coins or just what was on that private address?
1. spread to multiple address, not too many, and not just 2 to 3. you need to spread because in order to prevent hackers can steal your wallet with all your coins if you only had 1 address. too many addresses would be very complicated. 2. i guess you should use online wallet and set it up with a strong passwords, so that's it. Don't listen to ^this guy. You are going in the right direction. I don't really see the point in using different addresses if they are all on the same computer. How do you know, they are there? I have my Bitcoin mainly in paper wallets and I wrote a little widget, that shows the balance of these addresses using the blockchain.info-API(nearly got an heart attack once, when blockchain.info was down and it showed 0 BTC ) I am also wondering if Windows is the right choice as an OS, but since I use Paper wallets(I made using TAILS) I don't really know, what would be better. |
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We should just never have told anybody about confirmations.
Bitcoin are send instantly. I never waited long after paying for my beer, since the barman accepts 0-confirmation transactions.
People handle Bitcoin like there are double spend attacks all the time. Maybe I am in the wrong sections of this forum, but I don't see them anywhere.
Where are all this double spends, that justify waiting 6 confirmations to be sure for a >$10 item?
So, the fault is with the merchants. Do they wait 6 months to accept a credit card payments, since it could be charged back in this time? No? Why are they doing this with bitcoin? A 0-confirmations Bitcoin transaction is safer, than waiting a month after getting paid with a credit card.
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The blockchain has split like 6 times during this month already, andreas said so in a recent video. according to https://bitcoin.org/en/alert/2015-07-04-spv-mining it split 2 times. The first time, the split lasted 6 blocks, the second time it lasted 3 blocks. To wait 30 confirmation seems like an overkill, I never really understood that. On the other hand, the split touched the magical barrier of waiting 6 confirmations to be safe. But, as far as I know, there was no double spend and every transaction in the invalid chain, also got into the valid chain. |
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