Before I thought that's the most troublesome topic in bitcoin, but now this bug in BDB opened a window to lift that limit, Gavin you are so lucky! 

Ture, the response of the community is very fast and efficient, and this is largely due to the majority of pools can be coordinated quickly.

But there are still several questions to be asked, I'm going to sleep now, take them tomorrow 

We'll see 30 or lower very soon

Don't mistake me, I regard this fork accident a very positive feeback to the community, now everyone will take this chance to see lot's of interesting aspect in bitcoin world, which are not that clear or almost hidden before

The rally is over, finally 

Why that 0.8 thread is still on the top?

Little bit worried: With so many chips on the same board, it is quite difficult to have one single heat sink matching all of them perfectly, some kind of soft heat pad has to be used, and it need to be extremely soft to tolerate the pressure difference

Actually I sent them an email stating that I can help with their custom service and support issues during my free time, for free! But I guess my email was handled the same way as thousands of other emails  

I think the biggest driver for bitcoin economy are miners, now many of them have gone ASIC and leave a large group of GPU miners to go for LTC, the effect will be very interesting to see 

Currently the alt-coin variants more or less copy the whole bitcoin idea, that makes them not attractive at all

If some currency will be a powerful competitor to bitcoin, it must solve some main drawbackes of bitcoin:

1. Early adopter problem

Early adopter problem has caused many people think that bitcoin is just a scam designed by those programmers. If one alt-coin will equaly benefit late adopters (e.g. you always get the most benefit when you first join the game), then that coin will immediately attract lots of users

Actually after some thought, I think this is more like an inflative money's character. An inflative money continuously devalue which hurt existing holders, but it does not hurt new money makers, they do not have any money from the beginning, so get money is much more beneficial for them than existing holders

Anyway, try to reduce the benefit of early adopters in the long run is the key here


2. Price stability problem

The fixed supply nature will cause bitcoin price to rise quickly and this caused high risk for merchants and consumers

This issue is closely related to the first problem, if the late adopters could get the same benefit as the early adopters, then the price will not swing that wildly


3. Scalability problem

An increased user base will cause increased memory, bandwidth and storage requirement, in order to scale very well, it should not handle all the local transactions in one network


Due to these 3 limitations (or features) of bitcoin, it will very likely become a store of value, not a medium of exchange. But currently people do not have a real good way to store value, there is a demand for such kind of commodity


For a medium of exchange, I think the best candidate should have a fixed base exchange price pegged to average standard living costs on the planet, and an unlimited but variable supply based on that exchange price (If coin price increase, difficulty goes down so that more coin can be generated per day). And it should be able to scale very well

So much fun!! I will watch the whole serie 

Agreed that it is biding process, but then there is a question about who will get the bid

If you bid by a constant bitcoin value, those who transfer hundreds of coins will likely be willing to pay 1 BTC in fee, so that those small transactions will seldom get passed

If you bid by a percentage of total transaction amount, then those small transactions could take the most volume, since they want to do it fast even at a 5% fee, and those huge transactions will reduce greatly since the cost is too high

I like this picture, where is it come from?

I just browsed through some old discussions and found this:

Re: Flood attack 0.00000001 BC
https://bitcointalk.org/index.php?topic=287.msg7524#msg7524

Compare the following case:
1. News articles start appearing in the media pointing 7tps hard transaction limit of bitcoin blockchain
2. News articles start appearing in the media pointing a hard fork happened inside bitcoin which created two different bitcoin network: Bitcoin legacy and Bitcoin 2.0, and there will be 3 types of coin: Pre-fork coin, after-fork coin 2.0 and after-fork coin legacy. And possibly in the future there will be another new type of coin together with another fork... with each fork another 11 million of coin were created immediately

Which one do you think will more likely to cause people abandon bitcoin  

If I have to use search feature then it is not a problem, or people can solve it by themselvs, otherwise it will pop up in the hotest threads

Good work, keep it up! 

What I'm interested now is that 28nm helveticoin asic offer

Now we know that avalon can basically follow their schedule with almost no delay, that is respectable speed. If they managed to quickly push the 28nm product out in same timeframe (4 month), BFL will have a hard time. If I understand it correct, there will be at least 3 vendor building those ASIC machines and put at least 1000 TH on network by summer/autumn

I'm amazed that this thread has managed to grow into page 24 

We need to first see the effect of the 250k soft limit breaching. So far I haven't heard about any problem, means even 250K limit will work?