Bitcoin Forum
May 25, 2024, 01:47:58 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21] 22 23 24 25 »
401  Bitcoin / Bitcoin Discussion / Re: Nenolod, the guy that wants to prove Bitcoin doesn't work. on: July 18, 2010, 10:34:46 PM
Typically, over 25,000 BTC.
Does the fee come out of thin air or is it taken to from the transaction so that it cost 25,009 to send 25,000 BTC?
402  Bitcoin / Bitcoin Technical Support / Re: md5? on: July 18, 2010, 09:48:45 PM
md5 is evil, two differents files can have the same md5 checksum (http://www.coresecurity.com/content/md5-harmful)
but unfortunately people still use it ;(

They can, but the odds that you'll get useful exploit code that just happens to be that collision are still insanely high.
403  Bitcoin / Bitcoin Discussion / Re: Post your static IP on: July 18, 2010, 09:36:46 PM
I'll share (2) IPs

64.186.154.76

and

64.186.155.104
404  Bitcoin / Bitcoin Discussion / Re: Nenolod, the guy that wants to prove Bitcoin doesn't work. on: July 18, 2010, 09:24:40 PM
when you modulo-devide it trough 50, the rest could be from transaction fee, he'`s running ~1000 instances (or at least cores) of bitcoin, so the probability of he getting transaction fees is very high.
What amount does one have to send to incur a transaction fee though? I've send some large amounts around myself and never saw a fee?
405  Bitcoin / Development & Technical Discussion / Re: Bitcoin 0.3.2 released on: July 18, 2010, 06:19:51 PM
Anyone know where the changelist is, I'm curious to what was fixed/changed/etc.
406  Bitcoin / Development & Technical Discussion / Re: Bitcoin is "Growing Up" : Feature Request on: July 18, 2010, 05:59:39 PM
I'm not sure a static download of the first n blocks is really the right solution.  The problem isn't that it's so much data for the network to handle, the problem is that the processing and storage of those blocks is really expensive.

Static download is a crutch, fix the real problem: Why should downloading 32M of blocks bring my computer to a halt for a couple hours under any circumstances?!
I don't think the block download brings your computer to a halt, it's more like the program isn't going to burn up 100 megabits to get the blocks. It runs very light on bandwidth and so do the other peers you are connected to get the blocks.

That's why I created those package block downloads, to save time. It's quicker to download a small 32 MB file from my fiber connection than to wait a while for the p2p network to send it to you.
407  Bitcoin / Bitcoin Discussion / Re: Nenolod, the guy that wants to prove Bitcoin doesn't work. on: July 18, 2010, 08:11:19 AM
So this guy has about 1000 cores generating bitcoins. About 10% of the total amount fo BTC.
His name is William Pitock aka Nenolod http://twitter.com/nenolod

What do you think? If he cannot prove the system isn't sustainable, he wins, because he will have lots of bitcoins.
If he does, we all loose.

I hope he will post here, as we discuss HIS ACTIONS and not HIS PERSON.
Also, I hope he will pay me 31337 bitcoins at this address 1EZdM6HBRn4BQNa2Bqcyh47fQWYFS5Ujr3
so I can prove him he's wrong.

Please discuss the issue.
I'm 100% certain that he isn't really generating that much and I'll leave it at that.
408  Bitcoin / Bitcoin Discussion / Re: Bitcoin snack machine (fast transaction problem) on: July 17, 2010, 08:23:59 AM
The solution is for the snack vendor to have debit accounts. You've got a fantastic vending machine at work, so you transfer ฿2000 bitcoins to it which can be withdrawn or spent at any time. Withdrawing the bitcoins takes about ten minutes, but spending them is instantaneous. Or if not not the vendor, then perhaps there's a company called Bitcoin Escrow, which is trusted by both parties and perhaps regulated by the government. They hold bitcoins 100% in reserve and offer instant transfer of balances between customer/merchant/supplier accounts. Withdrawals and deposits take about ten minutes, but purchases are instant.
If the machine is setup to only connect to their node, that could work since it would be kind of a central spending point that would quickly be able to tell if someone was trying to double-spend the coin.

As for different networks and nodes, like Bob's Escrow is different from Jane's Escrow, the added delay would make a theoretical attack possible, but no one is going to get rich ripping off vending machines.
409  Bitcoin / Bitcoin Discussion / Re: Bitcoin snack machine (fast transaction problem) on: July 17, 2010, 05:10:02 AM
I live near the East coast of the US and I've sent Bit Coins to friends on the West Coast, seems to be fairly instant as long as both clients are well connected to the network.

It will go instantly, but I think the issue is confirmations. Even if you accept just 1 confirmation it will take an average of 10 minutes to get it. In this time the cheater could go to another vending machine and then just let the two accounts duke it out for his one payment while he eats two snacks.

The first solution that comes to my mind is a "verified insta-cash: service. You ship them some amount, they verify it within an hour or whatever and give you a card with credits that goes into vending machines and such. Or you could have an account with the vending company. Or you could use some physical currency, we don't necessarily need just one type of money.
That might be a good experiment to try on the test network to see what happens. I think it both machines are going through the same node, then trying to double speed should be stopped at the first node if they both are connected to it first.
410  Economy / Economics / Re: Get rid of "difficulty" and maintain a constant rate. on: July 17, 2010, 05:02:03 AM
I"m not part of the development team, but my take on it is that you'll just be replacing the randomness with another randomness. Right now, even though the difficulty is very high, blocks are still being generated in under 3 to 5 minutes. So if this new system was in place, you would still be waiting for a block just as long as you would now. I don't usually disclose how many PCs I have in the BTC network for sanity reasons, but let me say that I have systems that can barely manage 90 khash/s and a few that are chruning out 19,2000 khash/s and one beast doing 38,400 khash/s. They don't win any more blocks than the much slower PCs does. One of my 900MHz PCs solved a block under 100 seconds by pure chance alone after the difficulty was increased. The other super clusters are still 0 after the difficulty went up earlier today.

I'm afraid your solution would give my super clusters a big advantage because then it becomes they will always have the lowest hashed block if it's a CPU vs CPU thing.
411  Bitcoin / Bitcoin Discussion / Re: Bitcoin snack machine (fast transaction problem) on: July 17, 2010, 03:08:25 AM
I live near the East coast of the US and I've sent Bit Coins to friends on the West Coast, seems to be fairly instant as long as both clients are well connected to the network.
412  Bitcoin / Development & Technical Discussion / Re: TEST network, for experimental development and hacking on: July 17, 2010, 12:16:10 AM
The client was generating blocks WAY too fast.
My bad, I'll restrict the 32 core systems to doing the main bitcoin generation next time instead of seeing what would happen at the beginning of a test network  Wink
413  Bitcoin / Development & Technical Discussion / Re: 0.3.1 release candidate, please test on: July 17, 2010, 12:11:43 AM
On the Linux client (64 bit), the "minimize on close" will still minimize to tray (causing X server hang after a short while by spawning multiple tray icons).
I updated the first post with a link to rc2 for linux with the fix for this.  Please check that this is fixed for you.  Thanks!

http://www.bitcoin.org/download/bitcoin-0.3.1.rc2-linux.tar.gz
Testing the new release candidate. This resolves the minimize on close accidentally doing a minimize to tray. No X server crashes either, nice! Now only if we could get that tray thing to work again  Wink
414  Bitcoin / Development & Technical Discussion / Re: Post-Minting Phase and CPU Usage on: July 16, 2010, 11:22:20 PM
1)I understand that 21,000,000 coins is the maximum.  How many total blocks will this be, given the logarithmic decrease of coins/block when we hit the 21M?

Somewhere around block 5,355,000 (this will be sometime around 2111 at 6 blocks an hour.)
I expect many things will have changed by then though.

Interesting, I could still be alive then.  *gramps sitting in rocking chair*  "I remember back in the old days when we didn't have 200 core computers in our cell phones to create these blocks" to which the great-great-great grand kids reply "Yeah, he's loony; everyone knows there is no such thing as a single core computer...."  Grin
415  Bitcoin / Development & Technical Discussion / Re: Request: expected bitcoins per day display on: July 16, 2010, 09:29:52 PM
In fact, the bitcoin algorithm itself depends on being able to predict the total rate of increase of bitcoins, so it has to be possible.
It does, but it's using calculations based on the swarm. I think it would need something new to predict what an individual computer will do.
416  Bitcoin / Bitcoin Discussion / Re: The dollar cost of bitmining energy on: July 16, 2010, 07:07:12 PM
LOL, I can see the frontpage with the FBI hauling out high power voltage lines rigged to a server farm with the guy yelling "Don't unplug them, I still need 20 more confirmations for the last 50 that was generated!!"
417  Bitcoin / Bitcoin Discussion / Re: Proof-of-work difficulty increasing on: July 16, 2010, 07:05:10 PM
Ah ok, cool. I continue to be astounded by how much thought was put into this system to keep it balanced, nice job!
418  Economy / Economics / Re: Forever(?) lost coins on: July 16, 2010, 06:05:26 PM
Hopefully bitcoin becomes its own supercomputer. Cheesy

As long as it doesn't become self aware (as computers often do) and then it will know what I've been spending my Bit Coins on.  Grin
419  Bitcoin / Development & Technical Discussion / Re: 0.3.1 release candidate, please test on: July 16, 2010, 05:58:24 PM
Good point.  If you're going to have more than 8 LAN nodes connect to one gateway node, then you'd better have the gateway node set up so it can receive incoming connections.  Otherwise, while the gateway node has 8 or more connections, it will not try to add any more outbound connections.  As the outside nodes you're connected to come and go, it doesn't make new outbound connections to replace them.  You'll be fine if you can accept incoming connections, then there will be plenty of others connecting to you.
The Windows Client had it's own static IP with port 8333 open for it, I could see from the gateway device that it was connecting out to other peers and other peers were connecting back in. But after the 8, it's like it quit connecting out to peers and after a while the incoming peers stopped as well since it appeared to only be concerned with the peers on the LAN vs the WAN. The behavior of the Linux client is different though I've noticed, even if 50 people are connected to it, it will still seek outbound connections to other peers and inbound peers continue to trickle in as well.

While this will only be a problem for people like me that have hundreds of PCs at their disposal, the reverse is, one could setup PC(s) to connect to a single client 8 or more times and then after a while, the poor windows client would suck itself into it's own matrix world where it thinks it's on the network solving blocks, but it's really trapped back in time.

This is just a theoretical attack of course, I'm not going to lose any sleep over it, but I figured I would throw it out there for the future. The easiest way to negate this would be to put in some self-checking code for IPs. Basically, have to check that is has 8 connections or more that are NOT from the LAN/Same IP Address/etc when it's running as a dual node/client mode.
420  Bitcoin / Bitcoin Discussion / Re: Proof-of-work difficulty increasing on: July 16, 2010, 05:33:57 PM
Yes, about 20 hours.  (120 conf / 6 blocks per hour = 20 hours)  That's the normal length of time before you can spend it.  You'll know long before that that you won one.
So if the difficulty was increased so high that it took a day to find a winning block, that means the lucky winner would have to wait 120 day before they could spend it or about 4 months if everyone else was averaging about the same speed? Seems like at the high end of the difficulty, there is an issue with coin generation vs. being able to put it into circulation by spending. Wouldn't the long delay cause a lot of generated coin to be lost because anything could happen to the PC that won in a long amount of time if the winner had to really wait that long? They might un-install the program or the computer get eaten by a virus or power surge well before then.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21] 22 23 24 25 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!