+1

I'm unsure that analizing this kind of patterns with Bitcoin is useful since it's economic is so tiny and insignificant compared to the others.

A single trader with not so many money (a couple million $ is pocket change for fund managers and such) has the ability to make oscillate the Bitcoin value from almost 0 to almost infinity in a relatively short period of time.

Anyway, since I find miscreanity fundamental (i.e.: non tecnical) analysis awesome, I follow the thread with interest

Ok, you make a point here.

I agree.

While I agree completely on your position and explanation (every quantity of money is sufficient and perfectly functional for a good economy), I do not agree that this can be considered "theft":

- refresh the deposity every 10 years (or every 1 million blocks, or whatever it is) is simlple to do by hand and completely automatable, so without any risk of "theft"

- reclaim of lost bitcoins must be made from miners, and so it needs a lot of work for it, and this gives them incentive to mine. So this enables to have less transaction fees.

I have not read every post of the thread, I apologize if I repeat some already discussed idea.

After laughing hard at the proposal I startes thinking that such an idea (i.e.: reclaim unused coins after some time, let's say 20 years) could have one interesting upside:
assuming that it's a miner that claims the unused (or lost) coins that could help address (or ease) the issue of mining when the base coins reward approaches zero.

So the miners would get all the fees of the transactions plus all the coins of "expired" transactions: that kind of reward (when existing) would reward the miner without inflating the money supply.

Another benefit could be reducing blockchain bloat allowing deeper pruning, but I'm unsure on that point.

+100

People nowadays is so used to government interventionism in every aspect of his life that is unable to just even understand how tough is free market competition for the sellers and how good can be for regular users.

For starters, just think on the massive risk these early investors will take with this project.
If it will fail, they will lose their money (not yours, like with government failures), if they'll succeed then a lot of other people will try to do better than them, investing their money (not yours).

And Bitcoin will thrive.

+1 !

cypherdoc, your graphs are great but if you could accompany them with some explication on what to look at and how to interpret them I thing it would be useful for the ones among us that are not so used to technical analysis :-)

Trovo questo video, un estratto di una trasmissione TV, veramente notevole: un ex dipendente (di alto livello) della Federal Reserve non solo critica la banca centrale ma dimostra di conoscere bitcoin!

Funzionamento da che punto di vista?
Se è dell'utente che deve usare il client (la cosa mi pare fin troppo banale, veramente qualcuno ha difficoltà con un programma che ha solo due tasti, ricevi e manda? :-)) oppure funzionamento dal punto di vista del sistema/protocollo/etc?

Uhh come concordo! :-)

Complimenti per l'iniziativa, sembra un progetto molto interessante.

+1

L'olio ed il vino sono per caso biologici? Perchè in caso positivo la merce potrebbe interessare più facilmente ai vari GAS.

Ho postato un commento pure io

Ma quanto sono ridicoli quelli che sostengono che "pesa la mancanza di una banca centrale"??
Ma pesa in cosa? Dove? Come?

Da quando esiste l'economia le monete emesse da banche centrali sono regolarmente fallite miseramente e rimpiazzate da nuove, mentre l'oro (che non ha bisogno di nessuna banca centrale, e per questo è la moneta per eccellenza) è ancora qui a primeggiare, moneta da migliaia di anni.

Ehm, scusate lo sfogo, ma quando leggo certe ****ate...

Great news, thanks!

+1
While I find that's will be very hard to do online it can become somewhat easy with physical coins.

Thank you very much for the re-explaination of the problem, much appreciated.
Is it possible to have the dump of those excluded blocks so to reply them for client development and verify the correctness of chain reorg?

I'm inclined to think that MM could do this "attack" only because no blocks were found in the whole network for around an hour, but I suppose this is statistically irrelevant, so I don't think this is a problem.

Also, I don't think that the date of the block is relevant too: the longest chain wins anyway, and a different time stamp would had no effect on the reorganisation of the chain, isn't?

@eleuthria
I'm unable to follow all of your explication, can you please try to be more schematic?
I would like to be able to completely understand what's happened.

For example, when you say "those transactions" you are referring to which ones? (in the previous part of the sentence you refer to two blocks)

Thanks for any help

+1

That girl seems pretty smart :-)

Nothing educates better than losing a bunch of money