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Ask him to design us a currency for a homeostatic environment, because we're going to use it whether he likes it or not.
Why don't you ask him? The more people that engage with him the better. He actually admitted that he is being paid to make his tweets though he won't say by whom.
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He's a Chemistry tutor. He clearly knows his shit. He clearly has a personal bias, perhaps irrational. I feel no need to confront these kind of people with a positive version of that. Just sounds like an argument about religion that way. Let him be ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) No. I'm the chemistry tutor.
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I've been having a debate with a guy on twitter who has been attacking cryptocurrency thought it might be of interest to some people here. Do you think I have stated my arguments well? https://twitter.com/DavidZuccaro@BitcoinJoker @DavidZuccaro
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Depending on the specific location, this should be possible with relative ease, and relative low cost. Rebuilding a washing machine to accept bitcoin, can be done for under $50. The one factor where you have to look at, is what does internet cost. you can hook all washing machine to basically a single mobile connection, but preferably you're gonna want a hard line. Dependable on where you are... these might be expensive, but overall they are pretty cheap (you should be able to get one for a low as $10 a month) One factor to also keep in mind, is that you gotta adjust with exchange rates, with the way prices going now... it won't be fun to all of a sudden having to pay 20 bucks for laundry... ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Would you have to wait for 3 confirmations before it starts? That could be a bit annoying.
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I don't think the current block size is ready to handle the transactions for all washer/dryers in the world. Probably a better idea to use BTC to reload your laundromat card balance.
We could create another crypto-currency with a sufficiently large block size optimized for compact storage and high volume?
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so... if we aimed all the Hashing power of the Bitcoin network on one address it would take 500 million years? Hey man It's only a matter of time before insane quantum computers just start cracking the codes by the second. I can imagine this will happen one day, when the Bitcoin network migrates to a new protocol based on quantum security. Those computers will tear Bitcoin apart when they finally are able to produce them in mass, and start migrating all the accounts to a new system like a block reward, Or just like the free market migrate by choice to something safer.
I'm quite sceptical that quantum computers are physically even logically possible to build since the theory is predicated on the flawed Copenhagen interpretation. So I'd say bitcoins can't be counterfeited based on a brute force computing approach given what I have read here.
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Could someone please point me to a good description of bitcoin mining for someone that has studied first year uni maths. ie not too dumbed down but not too advanced either.
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They can be destroyed by mining.
The protocol limits the miners reward to be less than or equal to the amount of the subsidy plus fees. I am not sure if it was intentional (can't think of a reason) or simply an oversight but this means the reward to miner can be less than the subsidy and fees.
So miner creates a block with tx totaling x BTC in fees and y BTC in subsidy and gives himself 0 BTC coinbase reward. x + y BTC have been permanently destroyed.
Likely due to a poorly designed miner in the blockchain there are a few blocks where the coinbase is less than subsidy + fees and thus coins have already been destroyed.
This sounds like an edge case; so once they have been mined can they be destroyed?
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Are bitcoins indestructible? Yes they can be lost but are they indestructible? I think that they are very different to tulip bulbs which can be farmed and can rot away. So I don't think it is a fair analogy to bitcoins to tulip bulbs as this Dutch banker attempts to: http://www.theguardian.com/technology/2013/dec/04/bitcoin-bubble-tulip-dutch-bankerOne would have to question Nout Wellink's motivation here. Does he really believe bitcoin is unsound money or perhaps does he perceive is that his social status is under threat. Is he slandering bitcoin in a vain attempt to preserve his privileged position in society?
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I moved out chainstate and blocks directories. Bitcoin-qt has now completely resynced.
Thanks.
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InvalidChainFound: invalid block=00000000000000044643662b40a67ede81a25f5a2e4c2c3acac41071e4867225 height=270931 log2_work=74.122041 date=2013-11-22 12:50:53 InvalidChainFound: current best=00000000000000018882853215961bee7a089793b1da929ab9f052ce82a0bbfa height=270702 log2_work=74.079344 date=2013-11-21 03:21:09 InvalidChainFound: Warning: Displayed transactions may not be correct! You may need to upgrade, or other nodes may need to upgrade. ProcessBlock: ACCEPTED
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I have been getting errors such as these:
ERROR: CTxMemPool::accept() : nonstandard transaction type socket send error 104 socket recv error 104 ERROR: CheckInputs() : tried to spend coinbase at depth 48 ERROR: CTxMemPool::accept() : ConnectInputs failed e2283dad643db8e213b9dcfce15026d453676d6d3c3908975cf06694b6523749
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I'd post debug.log here but I'm not sure if that would be a safe thing to do. Anything I should look for in particular?
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Hi,
My bitcoin-qt wallet unfortunately is not resyncing any more. It is now 39 hours behind. I am getting a warning message which says "Warning: displayed transactions may not be correct! You may need to upgrade or other nodes may need to upgrade." I'm running v0.8.5-beta under debian linux wheezy/gnome. How can I get it to resync? At least I still can transfer out bitcoins.
Thanks,
David
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Hi my bitcoinqt wallet unfortunately is not resyncing any more. It is now 31 hours behind. I am getting a warning message which says "Warning: displayed transactions may not be correct! You may need to upgrade or other nodes may need to upgrade." I'm running v0.8.5-beta under debian linux wheezy/gnome. How can I get it to resync? At least I still can transfer out bitcoin.
Thanks,
David
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