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381  Bitcoin / Bitcoin Discussion / Re: What is going to happened to the lost bitcoins?? on: November 15, 2013, 01:18:37 AM
noone doesn't ever "not touch" their money in 50 years. give me 1 example.

If you lose a $100 bill, you won't touch it for 50+ years.
You sir have just won the thread.

how so? makes no sense- someone picks that $100 up - point lost....

Actually, I was originally going to say if you burn a $100 bill.
382  Bitcoin / Bitcoin Discussion / Re: Explain me Like I'm 5 why Bitcoin is decentralized on: November 14, 2013, 04:11:39 PM
Bitcoin is not decentralized anymore since it went to ASICs

Prior to ASICs, I was not mining Bitcoin.  Now I own ASICs and am hashing away.  At least from my point of view that means less centralization of Bitcoin.  I would assume lots more small players like myself have been able to get into Bitcoin thanks to ASICs, but maybe I'm wrong.

Hashing with a couple of GH/s is not the same as hashing with 51% of the network hashrate.
Commercial farms & mining pools (virtually a necessity for private miners) are much more likely to grab that 51% today than they ever were.

And the solution to that is the same as it always was.
383  Other / Politics & Society / Re: Has Bitcoin changed your political position on: November 14, 2013, 04:07:17 PM
To me anarchy means the exact opposite of chaos - it means spontaneous order, productivity, and the ability to build a satisfying life.

I'm an anarchist because I believe in spontaneous emergence of order.  Trying to destroy that spontaneous order is what causes chaos.

I guess that's because you're actually paying attention, instead of having your concepts and frames of reference being spoon-fed to you by your culture  Grin

It turns out growing up as a social outcast is a bit of an advantage for some things in life. Smiley
384  Other / Politics & Society / Re: Has Bitcoin changed your political position on: November 14, 2013, 03:14:05 PM
Many people are scared by the name anarchy I think.  They don't realise that much of their lives are already anarchic.  

What alot of people don't understand is: Chaos ≠ Anarchy. Real Anarchy would be infinitely better than this shit storm of a mess.


Oh yes, that's a big deal. Our cultural operating system has connected Anarchy to Chaos by simple association, by saying it over and over again. Kind of like "freedom and democracy" is a widely used phrase. So let me point out, that if it is "Anarchy AND Chaos" and "Freedom AND Democracy" this logically means that anarchy is NOT chaos and freedom is NOT democracy. Otherwise the words in the sentences would be redundant Smiley

The whole discussion surrounding anarchy is always so weird. People saying we can't live without rules and then claiming in Anarchy there would be chaos. Even though they themselves are living proof that people are absolutely obsessed with creating rules. Of course there would be rules in Anarchy. There would just be a lack of an universal set of rules, applicable to everybody (except those with the means to bribe the system) and enforceable by a central authority with the legal monopoly on the initiation of force. That's all. Oh an maybe, just maybe, having 100s of different kinds of something is preferable to having only one of it. You know, like, central point of failure kind of thingy. And a little something called "diversity" - I just had this incredible thought, that maybe not everyone is exactly alike.  Grin

To me anarchy means the exact opposite of chaos - it means spontaneous order, productivity, and the ability to build a satisfying life.

I'm an anarchist because I believe in spontaneous emergence of order.  Trying to destroy that spontaneous order is what causes chaos.
385  Other / Politics & Society / Re: Has Bitcoin changed your political position on: November 14, 2013, 02:57:08 PM
Many people are scared by the name anarchy I think.  They don't realise that much of their lives are already anarchic.  

Decentralized governance sounds safer Tongue

I prefer the name Voluntaryism.
This also more positively defines the goal. Namely that all interactions should be voluntary.

The name "anarchism" only defines what it should be not (no ruling hierarchy).

I like that one; let's roll with voluntaryism Grin

I like that one as well, and it has a nice logo. Smiley

I honestly use a lot of terms to describe myself.  Forgive me but in some contexts I still call myself conservative - but I do so pointing out how the "conservative" politicians violate all that I ever believed was conservative, and point out how a consistent application of the values I believe in (usually the values of the person I'm addressing, if I am using this term) leads to libertarianism/anarchism.  Then again in other contexts I'll say I'm not a conservative (usually when the person I'm addressing uses the term "conservative" to mean a particular set of coercive views that I don't hold - examples being imperialism, the war on drugs, coercion to enforce religious values, etc.)

I call myself an anarchist, an anarcho-capitalist, a voluntaryist, an anti-statist, a libertarian, a freedom-lover a conservative, a paleoconservative, and probably others I can't think of at the moment.  Whatever term I'm using at the moment, it's an attempt to explain my belief that we are all better off if we reject coercion, reject the state (as an institution of coercion), and cooperate only on a voluntary basis - and that doing so is the only right and moral way to behave and build a society.
386  Other / Politics & Society / Re: Has Bitcoin changed your political position on: November 14, 2013, 02:52:16 PM
the thing is, if you want a "real" anarchist society, you'd need a central government or force to ensure that nobody gains too much power and influence on society.. which kind of defeats the purpose, doesn't it?

So you're saying, the only way to have a society without coercion...is to be coercive?  You're going in circles here; you're recreating what we already have.  Any reason in particular why people can't simply reject coercion?

Right, all you'd need to do is defend your rights.  You could do that collectively+voluntarily, or individually - each person could use his efforts and resources as he sees fit.

No need for a government - just institutions that defend rights without using coercion.  If one of those institution or some other institution starts infringing rights, you handle it in the same way: start a new one.  (Or individually if you believe that will work out better.)
387  Bitcoin / Pools / Re: [270 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff] on: November 14, 2013, 02:39:33 PM
I don't want to switch back, and was looking for support. But it looks like I have no choice but to switch back unless I want to purposely be loosing out on BTC.

Have you actually done the PPLNS computations to verify that you are getting paid honestly based on your shares submitted and the blocks the pool has found?
388  Bitcoin / Pools / Re: [270 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff] on: November 14, 2013, 02:38:37 PM
I wanted to come back to bitminter. But after mining for 20~ hours with 200 GH/s I'm only seeing 0.05BTC. Was it just a bad few rounds? Even with bad rounds, I never had it this bad at slush.
I like how people like you think omg this sucks when your averaging what, $20 a day and people like me with small ops are doin what, $0.50 - $1 a day.

??
So I'm not supposed to wonder why I'm under performing just because of other people didn't put out for the hardware?

That doesn't make a lot of sense.

...

When I see people with KNC Jupiters who are having issues, I don't sit there and go "wow, why aren't you just happy with what you have?"

I didn't read him as saying that - just that he was marveling at the difference in scope.

"I like how people like you think..."
Read as a pretty negative connotation to me.
Besides, if you normally average $50-100 per day and suddenly you only averaged $20 without any explicable reason, wouldn't you question it too?

Noticing that people with a lot of hashing power are in much better shape than us little guys doesn't look inherently disrespectful to me.  I like how you guys are fortunate enough to have these problems, too, and I hope I can join you some day!  YES I'd question it if I was in your position, and I'd want to find the answer.

BloodWine is new to this (as am I) and to me it looks like he was just chatting - not faulting you for questioning the numbers.
389  Bitcoin / Pools / Re: [270 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff] on: November 14, 2013, 02:34:40 PM
Blockchain.info has wrongly identified a block at height 269542 as coming from Bitminter. Some miners are already asking about this. It does not go to an address we control and there is no "BitMinter" text in the coinbase.

The block is not from Bitminter and I have no idea what makes blockchain.info think so. Perhaps it was relayed through one of our bitcoin nodes. Note that blockchain.info is very unreliable for identifying who made a block, and as a result their estimates of the hashrates of each pool is also very unreliable.


I stand corrected (I just posted to the contrary, before reading this).
390  Bitcoin / Pools / Re: [270 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff] on: November 14, 2013, 02:29:56 PM
If you really want to understand it then look through Organofcorti's analysis: http://organofcorti.blogspot.com/2013/05/131-bitminter-and-luck.html

And there's where the rest of us fall over on the math! Smiley  Seriously, organofcorti is absolutely the man when it comes to statistical analysis.
391  Bitcoin / Pools / Re: [270 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff] on: November 14, 2013, 02:27:46 PM
Besides, if you normally average $50-100 per day and suddenly you only averaged $20 without any explicable reason, wouldn't you question it too?

That's the thing though.

The reason is quite explicable if you had cared to do even 5 minutes of research.

Instead, armed with zero knowledge, you opted to make a petulant post, informing us all that you wouldn't be sticking around because "you've never had it this bad at Slush."   Cheesy



Virus In Numeris => do the math!

Figure out how many shares you are submitting (you can verify this).
Figure out the hash rate of your pool (you can't really verify this, but you can check if it seems consistent and believable).
Figure out how many blocks your pool is generating, and which ones.  (You can verify this with sites like blockchain.info)
Figure out how PPLNS works (I am betting this is where most people fall over.)

This is how you can verify your mining income is what you are supposed to be getting.

I am sorry if you don't want to do the math.  You will forever be at the mercy of others in your life, financially speaking, whether you use Bitcoin or not.  I'm thinking of the old Cosby Show episode where Bill Cosby claims his son will be broke since he doesn't know math -> the son explains he'll be fine because he'll have an accountant; the father asks if the son will be able to verify the accountant's math, and when then son answers know, he says "Then you'll be broke."

Bitcoin is all about math.  It is not a crime to choose to remain ignorant of math, but in the Bitcoin world it comes off looking as very out of place.
392  Bitcoin / Bitcoin Discussion / Re: Explain me Like I'm 5 why Bitcoin is decentralized on: November 14, 2013, 02:23:45 PM
Bitcoin is not decentralized anymore since it went to ASICs

Prior to ASICs, I was not mining Bitcoin.  Now I own ASICs and am hashing away.  At least from my point of view that means less centralization of Bitcoin.  I would assume lots more small players like myself have been able to get into Bitcoin thanks to ASICs, but maybe I'm wrong.
393  Bitcoin / Pools / Re: [270 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff] on: November 13, 2013, 09:55:44 PM
I wanted to come back to bitminter. But after mining for 20~ hours with 200 GH/s I'm only seeing 0.05BTC. Was it just a bad few rounds? Even with bad rounds, I never had it this bad at slush.
I like how people like you think omg this sucks when your averaging what, $20 a day and people like me with small ops are doin what, $0.50 - $1 a day.

??
So I'm not supposed to wonder why I'm under performing just because of other people didn't put out for the hardware?

That doesn't make a lot of sense.

...

When I see people with KNC Jupiters who are having issues, I don't sit there and go "wow, why aren't you just happy with what you have?"

I didn't read him as saying that - just that he was marveling at the difference in scope.
394  Bitcoin / Bitcoin Discussion / Re: What is going to happened to the lost bitcoins?? on: November 13, 2013, 09:53:57 PM
noone doesn't ever "not touch" their money in 50 years. give me 1 example.

If you lose a $100 bill, you won't touch it for 50+ years.
395  Bitcoin / Pools / Re: [270 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff] on: November 13, 2013, 09:15:59 PM
I wanted to come back to bitminter. But after mining for 20~ hours with 200 GH/s I'm only seeing 0.05BTC. Was it just a bad few rounds? Even with bad rounds, I never had it this bad at slush.
I like how people like you think omg this sucks when your averaging what, $20 a day and people like me with small ops are doin what, $0.50 - $1 a day.

lol, true.  I'd love to be mining 5 bitcents a day.  But then again, I haven't paid the hardware outlay that I'm sure he has.
396  Bitcoin / Bitcoin Discussion / Re: Explain me Like I'm 5 why Bitcoin is decentralized on: November 13, 2013, 08:51:21 PM
I am sure this was discussed a lot but I still don't understand.

I know the code is open and anyone can read it etc.

But for instance let's say I have an improvement to the code. It will only be accepted if the known developers will allow it - which means they have some control over it.

this is from wiki: (https://en.bitcoin.it/wiki/Myths#Bitcoin_is_not_decentralized_because_the_developers_can_dictate_the_software.27s_behavior)

"Though the developers of the original Bitcoin client still exert influence over the Bitcoin community, their power to arbitrarily modify the protocol is very limited."

So even wiki admits, that the developers do have some control over it!

wiki continues:
"Since the release of Bitcoin v0.3, changes to the protocol have been minor and always in agreement with community consensus."

what is exactly this "community consensus"? who are these people? I don't remember anyone asking me if I agree for each modification they are doing to the code. Ain't I part of the community?

The truth is that all I do is download bitcoin QT and hope for the best, while there are 100 or 1000 (or any other small amount) of people
who makes the decisions for us all.

So I am asking:
1)how can one say that bitcoin is totally decentralized?
2)Where there are people there is corruption, Aren't we suppose to be worried that this limited group of people will ruin the protocol?
3)Can someone explain in a nutshell what can the developers change and what they can't change in the protocol?







 


Suppose I give you 10,000 Testnet Bitcoins for a pizza.  You and I both think this is a great idea, the exchange is made, I get my pizza, you get your (worthless) Testnet Bitcoins.

Other people pick up on this and start exchanging Testnet Bitcoins.  Testnet Bitcoins gain value.  They start exchanging for real Bitcoins, for USD, for North Korean Yuan, for gold and silver and litecoins and crapcoins and stocks.  And pizzas.

The Bitcoin developers do not want Testnet Bitcoins to gain any monetary value.  In the past they have reset the testnet with a new genesis block to avoid this.  The current testnet is actually testnet3 because of those.

Suppose the Bitcoin developers get wind that Testnet Bitcoins are rising in value, and take action to prevent it.  They reset the testnet, create a new genesis block, make changes in the client to start a new chain off of the new testnet genesis block, there's a newly released client, and we have a testnet4.

But - suppose you and I and many other people really like our pizza, and we really like exchanging Testnet3 Bitcoins for pizza and other things.  Maybe we are irrational.  Or maybe we are enlightened.  Regardless, we really want to continue the economy we have built up on the Bitcoin Testnet, and the decision the developers have made would reverse all that.

So, we continue to use the original client, the one that still runs off Testnet3.  We ignore Testnet4.  We don't use the new Bitcoin client.  Eventually some of us take the Bitcoin code and release a new Testnet3-only client.  The testnet3 economy continues, thanks to our decentralized action.  We are not at the mercy of the developers at all - we can do whatever we want, whether other people like it or not.

That's decentralization.
397  Bitcoin / Bitcoin Discussion / Re: What is going to happened to the lost bitcoins?? on: November 13, 2013, 08:40:49 PM
What is going to happen to the lost bitcoins??

I mean there are many different ways to lose BTC, for instance I started mining and after 4 days I just got 0.00000885 BTC, so I stop mining and I can not get the BTC out because at BitcoinCZ in order to withdraw money you must have at least .01 BTC so I will just leave the very little BTC I got mining and then they will get lost.

And for sure I am not the only one who is in the same situation, and also there are other ways to lose BTC, So the question is what is going to happen with those BTC lost?  will they ever be recover? will they be replace? Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked

This is addressed in the Bitcoin FAQ:
https://en.bitcoin.it/wiki/FAQ#But_if_no_more_coins_are_generated.2C_what_happens_when_Bitcoins_are_lost.3F_Won.27t_that_be_a_problem.3F
398  Bitcoin / Bitcoin Discussion / Re: BOYCOTT all businesses associated to Alex Waters, Matt Mellon, and Yifu Guo! on: November 13, 2013, 08:21:26 PM
When somebody threatened to compromise the anonymity of actors on the Silk Road, Dread Pirate Roberts (allegedly) ordered a hit on their life.

Was he morally justified?

I don't think so.  My feeling is that if you want privacy and security and anonymity, you have to bear the expense of it yourself.  If Bitcoin can be tracked, and you don't want to be tracked, you need to take the steps to prevent being tracked.

In this case, nobody seems to be advocating use of force against these three.  Avoiding associating with them is probably a good step to avoid being tracked.  But consider that if these three are working on tracking you, others probably will as well.  So boycott alone is probably not sufficient to protect anonymity.  And even if you did cross the line and use or advocate force against them, there could be others out there tracking you that you don't even know about.  If they can do it - so can someone else!

Bitcoin mixers might be a good step to take to preserve anonymity, along with avoiding services that gather information about you.  (Not just these guys - all of them.)

Another good idea might be Zerocoin.  I'm personally hoping that in the near future an altcoin will show up that implements Zerocoin, and it will become possible to exchange between that coin and Bitcoin.  Assuming the ideas behind Zerocoin are sound, that would bring about the anonymity that most of us feel is desirable.
399  Other / Politics & Society / Re: Has Bitcoin changed your political position on: November 13, 2013, 03:43:31 PM
If we had some sort of a financial system that allowed people to hold their wealth in private and in secret, maybe even having it password protected so that those in power who wage war can't seize it either as a tax or as a spoil of war, then wars likely won't happen often, if at all.

Best reason ever for buying a Bitcoin.
400  Bitcoin / Pools / Re: [270 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff] on: November 12, 2013, 06:51:17 PM
Well, right now I have 0.00002637 unconfirmed and that's just from like 2-3hrs of fmining on 1 asic lol.

Be sure and read how the PPLNS system works.  Whenever a block is found, the payment from the block is divided amongst all miners who have submitted shares in the last 10 shifts.  After 2-3 hours, you haven't completed 10 shifts yet (nowhere near it), so you haven't gotten all the payment you might receive, yet.  If more blocks are found a couple shifts down the road, you will get paid for them as well.

This results in a "ramping up" effect that is confusing, and also means that mining for a few hours doesn't give a figure that you can use to estimate what you would make mining over a longer period of time.

If you watch the shifts page and the expected per block value on the account details page, you'll see that as you do work in more shifts, your expected earnings per block rise.

Then, if you have a day like I'm having today and have to turn your miners off, you can watch that number slowly creep down.  I actually earned payment from the last two blocks bitminter found, even with my miners turned off!  But I didn't get as much reward as I would have if I'd been able to keep them on.  (Down for 4 shifts now, going on 5...)
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