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3961  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 08, 2015, 07:42:47 AM
That's why POS coins like Peercoin have a bright future.
Sorry, man. I have bad news for you.
3962  Bitcoin / Bitcoin Discussion / Re: Bitcoin maleabity attack - who made it and is it still running? on: October 07, 2015, 09:54:56 PM
I understand you are a developer, but which industry do you serve as an employee or an employer ?
I am a code developer, but my main work is not bitcoin-related. I am employee in small it-company.
Bitcoin technolodgy is a hobby.
3963  Bitcoin / Bitcoin Discussion / Re: Bitcoin maleabity attack - who made it and is it still running? on: October 07, 2015, 09:47:57 PM
we will never know why and who are attacking it
never say never.
it was me behind this particular stress-test
i am not from bank company and do not work for google
3964  Bitcoin / Bitcoin Discussion / Re: Bigger Blocks = Higher Prices: Visualizing the 92% historical correlation on: October 07, 2015, 04:55:01 PM
https://en.wikipedia.org/wiki/Flying_Spaghetti_Monster
3965  Bitcoin / Bitcoin Discussion / Re: Bitcoin maleabity attack - who made it and is it still running? on: October 07, 2015, 04:48:39 PM
Check the user that I've just linked to here and also read the whole thread that I've just linked.
The user claims that he doesn't use bitcoins and as I see it, is a pro-bankster.
Cool, right? He seems to have a lot of knowledge regarding that certain attack vector on bitcoin.

1) I use bitcoins. But I do not hold them. Sorry for some misunderstanding. My English is not perfect.
Let me give an example:
I eat watermelons. But I do not buy watermelons for investing.
Because I do not think that I would be able to sell the watermelon tomorrow with profit.
And I advise to everyone not to invest and hodl watermelons.

2) I am not pro-bankster.
I just say, that keeping money in pockets is better than investing in watermelons
3966  Other / Корзина / Re: [РУКОВОДСТВО] Как заработать 1 Bitcoin в неделю! on: October 07, 2015, 02:50:24 PM
я YOVI дешевле чем по битку за штучку отдавать не буду
Я очень подозреваю, что ваша мечта значительно ближе к осуществлению, чем вы это в своих снах представляете.
То и другое стоить будет ноль.
И вы спокойно сможете скоро обменять двух индейцев и фантик от жувачки на посмотреть в бинокль и машинку одно на другое по курсу 1:1
3967  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 01:50:16 PM
Like a true capitalist, you make money on both sides of the trade.
Not yet. But I promise to tell you if I do it in future.
PS. I've removed forum signature. It was only a joke.

Clearly, the number of transactions per block must rise higher than 1000 in order for this to be viable with bitcoin at its current price.
This is not enough. Users should pay $6 per every tx. Only to remain current price  Grin
3968  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 01:31:33 PM
Fees per block need to rise to 25 BTC to break even with the current subsidy, which is a fee of 0.025 BTC per transaction with 1000 transactions per block. This is $6 / transaction.
Good. How many bitcoiners send their funds paying $6 fees?
How many transactions will be daily if the minimum tx fee is $6? (Let us assume this number is X, I think X is much less than 100k)
What would the minimum fee if the daily tx number is X?
3969  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 01:18:14 PM
If adoption of bitcoin remains constant (as of now) there needs to be a transaction backlog in order for fees to compensate.
Today the bitcoin network spends several hundred thousands dollars daily only for electricity bills.
And there is only 100k transactions daily.
So, to compensate the electricity bills (only them!) every transaction fee should rise to several dollars Smiley

You do not see the difference between the "fee" and "cost".
3970  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 12:54:10 PM
By that time, it is supposed that transaction fees will compensate. No one can predict the future, if they do no problem, if they don't there is a problem.
By that time year numbers are all less than 2016.
No one can predict the future.
If last six year numbers were all less that 2016 - there is no problem to think that this is true forever Smiley
Do you see logic here?  Grin
3971  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 12:30:30 PM
Your December, 2014 "BTC price to King's pawn and $10 value by March 2015" gambit cost you several thousand Grand Master points.  Have you been reading more chess books since then?
Smiley
OK, bitcoin network is little bit stronger than i thought a year ago Smiley
But the physics remain the same.
3972  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 11:59:13 AM
This is the question:
How long is the game?

And this is the answer:
The cost is subsidised by the block reward.
So, the game will be over when the cost is more than block reward.
Do not count the "cost" in dollars. Count it in joules or kwh.

After it we will see decreasing hashrate and ongoing decreasing the security of confirmed transactions.
All the factors which allowed bitcoin system to grow in past will push the system down.

Today you can easy reorganize the blockchain in some dead altcoin with an obsolete asic.
Tomorrow you will be able to reorganize bitcoin blockchain with your currently running asic.
Somebody definitely will "test" is because "he will be able to do it with small efforts"

I repeat: I think not about today. Like a chess-master I think several turns in future.
3973  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 11:10:56 AM
> Who is the winner between two players in a game? When all other factors are the same?
How long is the game?
While both of them able to fight.

For bitcoiners, the fact that "decentralized" security costs more is worth it, because in their view it is a better quality product worth paying a premium for.   A decentralization premium.
The cost is high, but nobody sees it, because the payment is delayed for future. Like in every pyramid scheme.
3974  Local / Новички / Re: Свой биткойн-кошелёк on: October 07, 2015, 11:02:51 AM
На сегодняшний день, блокчейн весит 50.5 гб
Кстати, это не совсем корректная цифра.
Если суммировать blk-файлы - то у разных юзеров получатся разные результаты.
Потому что Core не удаляет орфан-блоки из базы. Юзер, который все время в сети получает изредка орфан-блоки
и у него размер блокчейна больше, чем у юзера, который раз в месяц синхронизируется.
Это так. К слову.
3975  Other / Корзина / Re: [РУКОВОДСТВО] Как заработать 1 Bitcoin в неделю! on: October 07, 2015, 10:24:27 AM
О! Юбилей!
Топику два месяца исполнилось!
Два месяца - это как минимум 8 недель!
Значит, следуя советам кто-то уже на 8 битков богаче стал.
Давайте, колитесь, новоявленные миллионеры - сколько заработали?

ЗЫ. Всё это сарказм, я ржу над такими советами в голос.
3976  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 10:04:37 AM
Not disagreeing here, but centralization and decentralization are not the only states possible.  They are two abstract ideal ends on a continuum.  A fully centralized system doesn't exist; centralization of information asymptotically approaches total singularity, and decentralization likewise approaches total entropy.
Who is the winner between two players in a game? When all other factors are the same?
The person, who spends less energy (takes less resources outside the system)

Quote
I believe what you are trying to make is a practical, moral observation about who benefits from Bitcoin's cash flows. But really this is necessarily true of any system that requires its participants to distinguish between the value of resources outside itself vs inside itself, and who must choose, based on this distinction, whether to move some of their own resources from outside to inside.
This is very good point.
Let us calculate together the "product" and the "resources" based on principles "outside" and "inside".
What is the product of any transaction system like fiat money and bitcoin?
What banks do produce? What bitcoin system produces?

Banks do not produce money and bitcoin network do not produce bitcoins.
Both systems produce secure transactions.


In this game the winner will be the system, where the cost of resources per one transaction is less (if we talk about the same security)
These systems can co-exist together if one of them is better in security for users and another is better by cost of usage.
Right now bitcoiners think that the cost of usage is small. They are confused the "cost of usage" and "transaction fees".
Transaction fees are small, but the cost of usage is very high.
It can be calculated as ( AmountOfElectricuty + CostOfHardWare ) / NumberOfTransactions
3977  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 09:08:22 AM
Bitcoin cannot "win" the battle to scale while remaining decentralized;
But centralized bitcoin - is nonsense. We already have FED.

Quote
I disagree about the "Ponzi" comment, but that is irrelevant really.
I mean that all earnings in this system can be get only from the money from next members.
3978  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 08:47:00 AM
What makes you think that trustless systems always have to tend towards centralisation?
Because it is more economically reasonable solution in long term.
The centralized system takes less energy. Always. Point. No exceptions. Look around. Look to yourself.
Decentralized system either takes more energy or less secure in long term.
3979  Bitcoin / Development & Technical Discussion / Re: New transaction malleability attack wave? Another stresstest? on: October 07, 2015, 08:17:44 AM
OK. So my reason is to protect your life savings from this ponzi scheme called bitcoin Smiley
I want to prove that decentralized trustless system can not exists in long term.
It either transforms to centralized system or loses its security.

You are failing to prove that...
This stress-test wasn't direct attempt to prove anything.
I do not how to explain it. It is like a chess-game.
You can donate a chess piece to your opponent or make a nonclear turn to win a game.
3980  Local / Альтернативные криптовалюты / Re: [ETH] Ethereum смарт-контракты и приложения on: October 07, 2015, 07:35:21 AM
заметил что reftop123, amaclin, и Xantrax пишут друг за другом после какого нибудь вброса.
Либо они договариваются, либо это делает один человек. Вот же людям делать нечего.  бррр.. Shocked
Не могу судить за всех.
Я ни с кем не договариваюсь. У меня есть еще несколько заброшеных аккаунтов на этом форуме,
но в дискуссии от разных ников я не вступаю. Повторяю - аккаунты заброшены.
А насчет "после вбросов" - ну тут как в анекдоте про немого мальчика: "раньше всё нормально было"
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