a single block can contain a lot of transactions. Im not even sure there is a limit to how many (is there?)
There is a limit as to how much data can be included in a block (500K). The client starts to get choose as that block starts to fill, so when there are more transactions than space, the fee starts to become an issue and transactions with higher fees (relative to their transaction size) will be included and others won't. Any transactions not included remain in the memory pool to be considered for inclusion in the next block. There are many transactions whose fees are inadequate or appear spammy (and thus low priority) which will not get included for hours or a full day even. At current levels, blocks have the ability to include 400% more transactions than they currently are including. (e.g., only 20% of capacity is being used). If that becomes a problem for bitcoin, the limit can actually be doubled to 1MB per block, but that would require a new client that implements this to be accepted and adopted. Further capacity expansion would require a hard fork to the protocol. As far as the rules as to which transactions are included, each miner or pool has the discretion as to which transactions to include or exclude. There are defaults to this but customization is common, especially for pools. |
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What do you think about USD/BTC Price after Bfl asic arrive in the Wild ?
Bitcoins are produced at the rate of 7,200 BTC per day, regardless of how much hashing power there is. (Well, after around December 5, it will be 3,600 per day). The only influence on the price will probably be from mining operators (and potential mining operators) that had held off waiting to see that there really will be a BFL ASIC produced, then using their bitcoins to place orders, and thus those bitcoins flooding the market when converted by BFL back to dollars. |
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The japanese should like bitcoin because forex trading is quite popular there. Before the 2008 crisis there were a lot of japanese housewives playing the "carry trade", borrowing in yen and depositing into USD, EUR, AUD and ISK, to make money on the interest rate spread.
Google "mrs watanabe carry trade" for details.
I've really been surprised at how little activity there is in Japan. For the world's third largest economy and the tenth most populous nation, I'ld have figured Bitcoin would have gained much more traction by now. There aren't even any individuals offering to do local trades there (shows the closest trader is in Korea) - https://localbitcoins.com/postal_code/japan/tokyo |
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Appears that the BTC-E Russian exchange are planning to offer stock & PM etc trading in BTC & LTC, like buy/sell AAPL with BTC
Seems legit. |
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Does anyone actually use the bitcoin:{address} format for generating and scanning QR codes, or would I be better off keeping the codes as raw addresses?
If I am scanning with my mobile, without the proper URI (bitcoin:{address}) it scans as type "Text". It will not then show my Bitcoin Spinner for Android app as one of the tools to open with that value. It will not pre-fill the "Send to:" with the bitcoin address from the QR code. If it is a proper URI, it scans as type "URI", the proper app for it is easy to select (Bitcoin Spinner), the Send To is pre-filled with the address that I scanned, and I am two steps from completing my payment. |
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US bank accounts recently losing all FDIC insurance in lieu of the European bailouts,
Source? |
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Step 1. Back up your wallet. You are messing with your wallet here, ... and it is easy to do things you might not have intended. Run Bitcoin as a server, e.g., $ ./bitcoin-qt -server then launch another shell / terminal window. If you've encrypted your wallet you'll need to open it for RPC $ ./bitcoind walletpassphrase [passphrase] 1000 then $ ./bitcoind importprivkey <bitcoinprivkey> [label] then close bitcoin-qt. then $ ./bitcoind -rescan |
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This is my first thought, but then, what about a plugin or something that when you send the bitcoin you also sign and email a message to the domain "I just sent you those coins from address 1blahblahblah". Doesn't work from web wallets, at least until they add that functionality, there might be stickiness there, but the wallet did just sign a tx, they could sign and send a message if they were willing, no?
Well, the right way of knowing who sent you bitcoins it to provide a unique Bitcoin address for each payment. You could use the "sign message" to prove the address is one from your wallet, but that is out of band, and does not work when the payment is from an EWallet. |
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There are also reloadable cards however you can't add a MP to a reloadable card until it is registered and registration requires KYC information (name, address, SSN, etc) and are only available for US residents.
They don't check identity when purchasing a reloadable card, and reportedly up to $500 (less the original load amount) can be added on using MoneyPak before registration is required. After registering, a permanent card with a higher reload limit will be sent. - http://bitcointalk.org/index.php?topic=64805.msg1082874#msg1082874 |
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I think it was a legit question...
It isn't that a question was asked, it was the word choice. Just seeing that title and nothing more, someone might assume there was a service problem where a customer wasn't getting satisfactory service to such an extent that there was the need to question if the service is even legit. That's a huge difference from a thread with the title "Can anyone share their experience with X?" I was looking for the same information and didn't find any active posts like the service was very active.
Probably because we see services that interact with the banking system and see so much suck, we just assume that every service must suck. But services that operate through a website and work as advertised don't require much interaction through the forum. They do exist. There even is one site that occasionally posts "out of stock" followed hours later with a "restock completed" type of message simply to bump the thread. Even with plenty of orders happening daily, there just are no customer complaints so the thread otherwise looks barren. So, the whole point of my reply was to ask that the title be changed so that wrong words aren't associated with a service that did nothing to deserve such a negative association. And now since that hasn't been done and there has since been a half dozen replies means the negative exposure has been shown many times more than if I had simply winced, and let it be. Which is something that I now regret not having done. |
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I'd also limit the number of digits allowed in a bid. Hell, if no one is prepared to bet really more than me, why should anyone, arrived later, be allowed to be before me for the exact same price -just one shatoshi more? So that if I want to be first, I have to cancel my previous, and make a new order again Sub-penny decimalization is a challenge. It does favor the bots which will always be faster and more persistent than a human. And when two bots fight it out, it provides a better price for the counterparty. At the same time, sometimes the bots are just waiting to get picked off. Say the best bid is at .11 and I notice what is likely a bot that threw down a bid at 0.11001. I want to sell but I want a better price. So I create a bid that I don't really want to buy at with a price of .115. The bot goes .11501 and I take it. Rinse and repeat, then cancel my .115 bid. I just sold at a price better than I otherwise would have gotten. Now if there is no sub-penny decimalization, and the only option was to do a .12, the bot might not play along. |
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If you earn more than $600 worth of BTC in one calendar year and are in the US, we may need to send you a form 1099 to report our payments to you to the IRS (we will need your name, address, and US tax id). Miners in this group also get the option of receiving US dollar payouts, or a mixture of USD and BTC (you can take your electricity costs in USD and keep your profits in BTC). Does that mean this is only available to those in the U.S.? We’re evaluating a means of waiving this requirement, so we’ll keep you posted.
Waiving that income would be reported or waiving the requirement for a U.S. tax id? |
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Everybody who owned coins before the split would now own both BTC and BTClinear. Prices between BTC and BTClinear would diverge, since BTClinear's supply increases it is likely its price goes down vs. BTC. So everyone would go back to BTC as BTClinear becomes worthless, or both are used and BTClinear becomes an altcoin like litecoin.
What's fascinating about this process is that it might actually be used for a protocol change that has some possibility of success (IDK maybe more secure in some way), where BTC forks BTCultra and the original protocol slowly loses value against the new one.
Sure, with a client that can work with both bitcoin as well as the fork, you would then already have the new forked currency distributed widely starting out on the day the fork is introduced. But that initial distribution would be about only thing that this fork would have in common with Bitcoin, versus any other altcoin. |
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I request that at least the OP be edited to remove all falsehoods.
I've updated the OP on that thread to include the watch_board as an alternate method, and mention the link to view the threads chronologically: - http://bitcointalk.org/index.php?topic=77446.0 |
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From that thread: Since there is a "Watch Board" feature now, this thread is no longer necessary. Please use the following links to achieve what this thread provided: @Stephen Gornick, if you could put this into the OP and lock this thread that would be appreciated. dree12, Thank you for suggesting this. watch_board will automatically add all new threads in that board to my watch list. That is not what I wish to have occur. I only wish to have in my watch list those threads which I've purposely added. I suppose a workaround is to unmark the ones I don't wish to watch, but that would then be a task over and above and introduces watch list clutter which I prefer not to have. The other options, such as Sort by First Post (oldest first), are inadequate as well. (no notification) This index does the job that I, and others I presume, wish to have done. That thread is also not the appropriate place for this discussion. |
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- Volume has been decreasing on each major move since mid-July
While trading volume at the top exchanges might not be at heavy levels, there is trading through alternative methods that is gaining in significance. With individual traders finding ways to trade without going through Mt. Gox or the other top exchanges, there is now less low hanging fruit feeding the traders and bots. As a result, the reported trading volume can be down with no real difference to supply and demand. FashCash4Bitcoins (a cash-out service) reports hitting record levels pretty consistently. Bitcoins can be bought directly from Bit-Pay (minimum $10K USD order size) and Tangible Cryptography (amounts up to $5K USD), for instance: - http://bitcointalk.org/index.php?topic=89757.msg996082#msg996082 - http://bitcointalk.org/index.php?topic=87094.0Many alternate exchanges show consistently growing volumes. Now that there is a trust history, there are buyers and sellers who have traded with each other before and now mostly trade over-the-counter directly, without any intermediary. So the volume at the exchanges can go down but that doesn't mean there is any less demand for bitcoins.[/list] |
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