Bitcoin Forum
July 05, 2024, 11:54:14 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 [3]
41  Economy / Economics / Re: Debate With BitcoinJoker on: December 21, 2013, 12:13:35 AM
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.
42  Economy / Economics / Re: Debate With BitcoinJoker on: December 20, 2013, 09:18:13 PM
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

No. I'm the chemistry tutor.
43  Economy / Economics / Debate With BitcoinJoker on: December 20, 2013, 04:13:51 PM
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
44  Economy / Service Discussion / Bitcoinwisdom charts on: December 20, 2013, 02:02:38 PM
Is the blue line on the bitcoinwisdom charts a moving average?

If so how is it calculated?

eg

http://bitcoinwisdom.com/markets/btce/btcusd
45  Bitcoin / Bitcoin Discussion / Re: An idea I had while washing clothes. on: December 20, 2013, 01:08:11 PM
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

Would you have to wait for 3 confirmations before it starts? That could be a bit annoying.
46  Bitcoin / Bitcoin Discussion / Re: An idea I had while washing clothes. on: December 20, 2013, 10:56:09 AM
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?
47  Bitcoin / Bitcoin Discussion / Re: Are bitcoins indestructible? on: December 20, 2013, 10:28:08 AM
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.
48  Bitcoin / Bitcoin Discussion / Re: Are bitcoins indestructible? on: December 12, 2013, 09:07:57 AM
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.
49  Bitcoin / Bitcoin Discussion / Re: Are bitcoins indestructible? on: December 05, 2013, 01:47:40 AM
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?
50  Bitcoin / Bitcoin Discussion / Are bitcoins indestructible? on: December 05, 2013, 01:25:52 AM
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-banker

One 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?
51  Bitcoin / Bitcoin Technical Support / Re: Bitcoin-qt not resyncing... on: November 25, 2013, 10:09:20 AM
I moved out chainstate and blocks directories. Bitcoin-qt has now completely resynced.

Thanks.
52  Bitcoin / Bitcoin Technical Support / Re: Bitcoin-qt not resyncing... on: November 22, 2013, 08:54:16 PM
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
53  Bitcoin / Bitcoin Technical Support / Re: Bitcoin-qt not resyncing... on: November 22, 2013, 08:21:21 PM
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
54  Bitcoin / Bitcoin Technical Support / Re: Bitcoin-qt not resyncing... on: November 22, 2013, 08:11:10 PM
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?
55  Bitcoin / Bitcoin Technical Support / Bitcoin-qt not resyncing... on: November 22, 2013, 06:40:32 PM
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
56  Other / Beginners & Help / bitcoinqt not resyncing on: November 22, 2013, 11:12:37 AM
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
Pages: « 1 2 [3]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!