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1) If you are a miner, it doesn't matter what language you speak, what food you eat, nor what set of assholes claim to own you and extort you.
2) Run whatever code you like. Don't just git clone some trendy name, you will get burned. Check changes yourself - no "updates", or you will get burned. Choose params you like in terms of what TX go into the block.
3) Charge people extra to give you their TX directly and put them in the block. This is the way things are going eventually as TX relaying appears unreliable and unrewarding.
4) Pay no attention to "version header codes" or other silliness. Algorithmic behavior is not represented by anything other than the behavior itself. Put whatever you like in the open bits of the header.
5) Thank you for securing the network!
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Visa can value their TX in bitcoin. There is no "need" here you have identified yet.
what do you mean their value in bitcoin? i'm talking about tx volume...the need is not for now is for the future in case bitcoin will embrace greater adoption to the contrary of popular belief, a big adoption can actually happen in a short time, so if it will happen there will be no time to implement the ideal solution Visa is not a currency, they are a company. They are a payment provider enabling payments IN ANY CURRENCY which could be bitcoin, gold, or even obscure private scamcoins like funbux or yuros. If you are a merchant, call them up and say you price your goods in bitcoin, and you need to receive payments from them in bitcoin. After all, I have a visa card, and I want to buy something from your shop that costs .005 btc. |
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It's a dumb decision to raise the block size now since we have Segregated Witness which effectively is the same as raising the blocksize without all the tradeoffs like the risk of hard forking itself beside node centralization problems.
We will go through the halving with 1MB block size I think.
segwit is not an ultimate solution, so you need to increase in the end the block size, so why we ar enot doing it now instead of wasting time with subterfuge like segwit? unless someone here think that bitcoin just need 2mb to embrace adoption...not so sure aboutlightning network...i guess it may help, but i doubt it can cover the possible 1giga needed to match visa tx per second Visa can value their TX in bitcoin. There is no "need" here you have identified yet. |
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Its for the security you need for bitcoin, many people get hacked.
If one wallet website get hacked, you have another wallet as an backup.
Don't store all your bitcoins on one wallet.
lol you said "wallet website"  |
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People wont change their minds based into a loss yearly of 7% when bitcoins is being used just for some,dollars are present at most transactions if not all,country by country.
Yeah, people will continue to eat junk food, get robbed, put their hands in fires, etc. In all countries. What of it? Those who are clever and think ahead will choose the other option. |
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We'll see won't we? Perhaps the transaction fees will be both enough to secure the coin and not enough to force users into other coins. I don't see this as a sure thing though.
This is why woodcoin uses a logarithmic supply curve rather than geometric - there will always be some more coins left to distribute in coinbase. Well, for the next 300 million years at least.
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Bitcoin is safer and just overall better. The dollar is old, Bitcoin is new and rising.
lol dollar old age and surviving because the dollar is very reliable and safest of all currencies, I think you're upside down dude Yes very safe, over last 100 years you only lose 7 percent of your wealth per annum. Sure your losses have gone up from there massively compared to bitcoin in the last 8 years but hey: dollar! Your parents used it, it must be reliable. |
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What are your opinions on this? Will the block size problem be resolved or will the halving happen first?
What problem? |
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A couple spending wallets, one on each box and on mobiles when necessary.
Another medium sized wallet for refreshing the spending wallets, kept in reasonable state of offline-ness.
Cold storages I don't touch more than annually.
That's about it.
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So how many people are paid in paypals and how much is one paypal worth?
Srsly, this is like saying that AT&T is growing faster than Telephones.
This comparison is quite valid. This is saying that AT&T is getting a bigger share of the market, and this is what's happening with Paypal. it's getting a bigger slice of the pie, meaning that compared to it, BTC is shrinking. No good news, really, but I understand it so well. With the block size issue unsolved, nobody wants to bet on BTC. AT&T is getting a bigger share than telephones? Is General Electric in competition with electricity? How about: is Microsoft in competition with C? What some people seem to fail to realize is that PayPal and BitPay and Visa - (all payment service companies) - can work with bitcoin just exactly as easily as they can work with funbux and yuros. What's next, paypal growing faster than the ren ming bi? |
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if ecdsa is broken through qc we can take a pubkey from a tx and compute the corresponding private key => steal funds from wallet.
the transaction itself would go through and you would not be able to steal it.
now with rbf activated you can even steal the funds in the transaction.
(although the timeframe should be quite short)
Ah OK, I think I see what you are saying. Of course just like nothing has stopped miners from doing a RBF or any other scheme they like for choosing TXes since block 1, nothing could stop them in this scenario from grabbing the privkey and taking the funds. |
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=> An option has been recently merged into Bitcoin Core to disable RBF relaying. In the case that this scenario does happen, people can use that flag to disable RBF and thus we can have more protection against such an attack.
If it was the exact same thing with, or without RBF, then there would be no extra protection against such a scenario by disabling it, right? Yes, I also don't understand what knightdk is talking about here  RBF is about which TX goes into a block. What does this have to do with ECDSAsec? |
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RBF should make it much easier, no?
Am I missing something? I don't see how RBF changes anything here. |
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I like bitdimes, bitpennies, and mBits in the public market.
Satoshi and bits are far too little amounts for practical use...
You might think so, but in fact satoshis are already to BIG for some studies. For example, a Joule of energy is best valued in millisatoshis. There are also a whole bunch of altcoins worth very small fractions of a satoshi, some of which trade for thousands of Doge-satoshi. |
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Your core coins are now being converted to cosbycoins. 1.... 2....
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Paying 0.000001 or 0.000035 is just impossible to remember and use... nobody will use that in the future if we want it mainstream.
I know satoshi exists as smallest unit but they are quite hard to remember.
When someone says 10,000 satoshi I try to think how much is that while 1 BTC is easy to understand.
So maybe we should have new bitcoins to keep the name where 1 new bitcoin = 0.0001 old bitcoins to make it easier to use...
share your thoughts.
Remember 1st grade? All this "dimes" and "nickels" and "quarters" and "dollars"? It's a lot to remember. Yet many kids are smart enough to use the system. Much easier is satoshis - millies - bitpennies - bitdimes. 1 millie = 100ksat. A bitpenny is a million sat. Learn to use them if you want to use publc coin. |
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So how many people are paid in paypals and how much is one paypal worth?
Srsly, this is like saying that AT&T is growing faster than Telephones.
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This rings true. But how does that stance help bitcoin, how does that attitude contribute to the common good, how does that position serve anyone but himself? Refreshing to see someone not trying to control every aspect of bitcoin, not trench digging, not panicking. Not thinking only his camp are right. +1 |
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Y'all need to bring beer over to my place right now, because the supply is getting low.
12, 24, 48, I don't care. Just bring it over ASAP because I'm thirsty.
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