LTC, unless I really really trust a third party and do offline transaction with BTC For me BTC is too slow for every day life even if it changed the world of money.
This again? Have you actually used BTC to purchase something. It takes seconds. There's no need to wait for confirmations on low value goods.  I think you meant 1 confirmation is enough? It depends on how much you are prepared to lose No, 0 confirmations. To reverse a 0 confirmation BTC Transaction is still more complicated than a CreditCard-Transaction and success is not guaranteed. Also it's not cost free. To do this for the Value of Groceries of a Coffee is ridiculous. If the BTC are send with the right fee, it's also nearly impossible they will result in a double spend. I wouldn't sell a car or a house with 0 confirms (I also wouldn't accept CC for that), but a Beer, Coffee, etc. sure. Basically as a shop owner, everything where I'm willing to accept CC for. |
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For me BTC is too slow for every day life even if it changed the world of money.
This again? Have you actually used BTC to purchase something. It takes seconds. There's no need to wait for confirmations on low value goods. |
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It's in the wrong section, so probably. But then again, around half of the threads in the newb section are, so I don't know how productive it will be to keep reporting them daily, and also whether the mods will get pissed off with all the "in the wrong section" reports that come flooding in constantly. Year, I often feel tempted to report posts in the noob section. But than again, those guy aren't really doing something bad. It's just annoying as hell. Although, seeing those threads I wonder if it's even possible to make a coin shitty and scammy enough for people don't jump on it like crazy (Altcoiners kill my faith in mankind  ) Edit: Reported my first altcoin Thread (if that ruins my 100% score I'm pissed!) |
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Let start with this: The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
A generation ago, multi-user time-sharing computer systems had a similar problem. Before strong encryption, users had to rely on password protection to secure their files, placing trust in the system administrator to keep their information private. Privacy could always be overridden by the admin based on his judgment call weighing the principle of privacy against other concerns, or at the behest of his superiors. Then strong encryption became available to the masses, and trust was no longer required. Data could be secured in a way that was physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter what.
It’s time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. The Most important part about Bitcoin is that it is a system with no central authority. This leads to the following advantages: -No Trust in 3rd Partys required - Full control of your own money. -Payment freedom. --> Nobody can just stop you from sending or receiving payments. Also no one can refuse you to "open an account" like banks do with people with bad credit ratings. -Transparent and neutral --> The Rules are clear. Visible for everyone and could only be changed if the community agrees. There are no special rules for special people. Everyone operates by the same rule, no matter his financial status or importance. Of course, there are also disadvantages: -Low acceptance --> It's new and has to develop. There are not many acceptance places yet. -Volatility --> The exchange rate is heavily fluctuating. -It's still an experiment --> It's not finished and the future of it is unknown. |
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Wenn du wirklich Solo Minen, also im Erfolfsfall Blocks selbst erstellen/ Transaktionen verifizieren willst und nicht einfach Hashs an einen Poll verkaufen, wie es die meisten Miner machen, dann schau dir mal P2Pool an: https://en.bitcoin.it/wiki/P2PoolBei P2Pool mined jeder Teilnehmer solo und erstellt den Block selbst, wenn er einen findet. Nur teilen sich praktisch diese Solominer den Reward wenn tatsächlich einer einen Block findet. Damit würde bei deinem Solomining wenigstens noch was für dich rumkommen. P2Pool hat (glaube ich) 1/60 der dif von Bitcoin. D.h. wenn du einen Share findest würdest du immer noch 0,41 BTC bekommen. Du erhälst dort auch direkt den Blockreward und keine Auszahlung von einem Pool (falls es dir darum geht) und wenn du einen Block findest, wird der auch von deinem Client erstellt und verbreitet. |
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OP has repeatedly said "driving the price down", I believe this is all he is concerned with  I would happily settle for a steady drop in value EVERY YEAR, in exchange for mass adoption. People using bitcoins to buy things is healthy for bitcoins. This would take all the speculation out, and generate real sustainable transactional demand for bitcoins. It would spell disaster for large bitcoin holders in the short term, but eventually, I believe transactional demand will fuel bitcoins prices back to current levels anyway, and it will be a more robust environment than what we currently have now. Well said. Bitcoin is not a get rich quick scheme, where everyone just buys and holds until no one is left to buy. If Bitcoin is used and this leads to higher liquidity on the BTC side on exchanges (or a constant inflow of coins that are sold), it's a very good thing and will make it harder for it to Bubble like crazy. If the price goes down due to that, that only means the current price was unsubstainable anyway. |
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Ok, so I searched for anything I could actually buy there and when I finally found something I would be willing to buy, there was no option to pay in bitcoin.
Bitcoin Payment option is US only  (at least that's the issue for me) |
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And again it's US only I hate this. |
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Hier geht es einzig darum das vielleicht anderen Menschen ein Projekt oder eine Geschäftsidee vergeigt wird. Das ist fast wie mit Patent-Trollen.
Sehe ich auch so. Leute die mit solchen und ähnlichen Geschäftsmodellen Geld verdienen sind nichts anderes als Parasiten, die mit der Arbeit anderer Geld verdienen wollen. |
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Cool! Kannte Overstock noch garnicht. Da bekomm ich ja fast alles! Wenn das gut klappt, brauch ich bald nur noch für Miete und Steuern Fiat. Edit: Da kann man sogar Autos kaufen  (wär nur schwierig mit der Lieferung nach de) |
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Wow wow wow Diese Ausdrucksweise, dieses Logo. Irgendwie unangenehm. Es sind Leute, die ihre Macht genießen, das Volk dann aber wohlwollend beruhigen, vielen Dank, daß ihr uns am Leben laßt! Sie wollen neue Features in den Bitcoin einbauen. Und notfalls mit 51% auch durchsetzen? https://ghash.io/ghashio_press_release.pdfIMO sind schon >10% an einem Pool zu viel. Aber da ich nicht mine hab ich da halt auch nichts zu melden  Das Logo ist wirklich krass. Hat was von:  Sozialistisches Mining? Deshalb die 0% Fee? |
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Yes, it's even possible for the network to remain decentralized: https://en.bitcoin.it/wiki/P2Pool(Althoug, basically with P2Pool everyone is solo mining and just shares the rewards) Everyone mining on p2pool would be the same as solo mining at 1/60th of the actual Bitcoin network difficulty which is still really high. I'm assuming the stale share rate would also significantly increase. Both can be fixed with implementations like this: https://miner.ecki.net:444/("Real" Pool, that mines against P2Pool, don't know if still active) |
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Why don't just open up the altcoin board for newbies?
Lokal Boards don't have restrictions to and work. Also, the altcoin board can hardly get any spammier, anyway.
AFAIK it's already the case Excellent. In that case it's more of an issue for us users to report those threads, so they can be moved. |
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Yes, it's even possible for the network to remain decentralized: https://en.bitcoin.it/wiki/P2Pool(Althoug, basically with P2Pool everyone is solo mining and just shares the rewards) |
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I wish mining could be renamed to "transaction-verificationing (sic)" or something of the sort.
When I explain Bitcoin to someone, I never call it mining. Never even did. The Term mining really is misleading, what the actual purpose of this action is. |
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Why don't just open up the altcoin board for newbies?
Lokal Boards don't have restrictions to and work. Also, the altcoin board can hardly get any spammier, anyway.
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Why do you need to create new addresses? Why not get them all sent to just one like you would with PP etc.
If you create a new one for each payment you can automate thing. 1.2 BTC send to address XXX = Payment for Order number XXX received. The ability to have a "Account" for each payment of customer gives provides advantages in proof, accounting, automation and privacy for both customer and supplier (if used proper) Sadly I don't know best practice examples for this, maybe you could start with blockchain? https://blockchain.info/api |
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That would be ridicolous. Besides, I don't think Bitcoin was designed to fit into the current system anyway. Laws and Regulations need to be designed to work with new technologies, not the other way around. If everything new needs to fit in the current system we won't have any progress anymore. |
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Except that miners have zero incentive to destroy the bitcoin network. Its like cutting off your own head.
Not true miners obviously have incentive to destroy the bitcoin network. This doesn't mean they are doing it intentionally. What I have learned at this point is that if wall street wants to destroy bitcoin one of the ways is creating a slick, easy to use pool with great payouts and lots of incentives. Miners will jump to them for easy "profit" and once the network gets 50%+ it's game over. You think wall street would have a problem dumping billions of dollars they would never see again into destroying bitcoin? They would do it without thinking and the billions lost creating a slick miner friendly ticking time bomb would be like you losing a dime in the couch cushions. [Tinfoilhat] And what a better way would there be to destroy Bitcoin, than by its own users? What a proof that decretilized and unregulated currencies can't work. [/Tinfoilhat] Not that I believe that, but the irony if something malicious happens, that was only possible thanks to the endless greed of Bitcoiners (WOW, I make a Satoshi more a Week there!), would be priceless. Actually, there may even be a lessen to be learned here and better now Bitcoin gets a big hit from this than in a few years. |
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While the topic is important, you may want to read up on how double spending works.
Also 50% is not some magic number. It is quite possible to successfully double spend with less. After all, finding blocks is random.
Really? I was always told that 51% was the "magic number" for double spend. Anyone else confirm? Basically it's "possible" with any amount of Hashing Power. The more you have, the more probable is a success of your attack. 51% (>50%) is just the point where your attack is guaranteed to work eventually (still could take a lot of time). |
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