Why would you want to do that?
So that I could have one portable client that I could run natively on windoze clients while at work and on my linux machine at home via wine. It almost works. If they make you use Windows, you need a better job.  I've yet to see a machine edition of GNU/Linux that is compatible with every microcontroller brand. They pay me well to deal with windoze. |
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It has the potential to hamper the government's ability to run society by allowing for citizens to control the earnings of their labor in an anonymous private environment. There is little accountability in a citizen paying their dues. How could you like this? Why are you here? Why don't you just keep supporting the US dollar or other fiat currencies?
What I don't understand is why you conservatives like bitcoin. It has the potential to hamper the government's ability to monitor society by allowing for citizens to hide their activities in an anonymous private environment. There is little accountability in a single citizen paying their dues, forcing the higher taxation of big businesses and the wealthy who own those businesses. How could you like this? Why are you here? Why don't you just keep supporting the US dollar or other fiat currencies since it enables the existence of the military industrial complex? Wait, there are conservatives here too? |
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So I've been thinking...
bitcoin mining seems like such an unfortunate side effect of the system since it is so wasteful. )
I stopped reading right here. Bitcoin is not wasteful, even now. It's several orders of magnitude more energy efficient than the fiat currency systems in use around the world. |
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No way that is going to happen, even at an inflated price. Paypal is insecure, and they don't like bitcoiners very much. Add to that grief the fact that you are a newbie here with zero history, and no one is likely to trade $5 with you in Paypal, much less $500. You need to either build more trust with the community, which takes time; or resolve to either trade cash in person or via the postal service, which would mean trusting someone that this community trusts but that you have never met.
Considering the user supported nature of your website, try putting up a bitcoin donation button. Looks like you could get $500 dollars worth without much trouble.
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The funny thing is that FLOPS means floating point operations (per second) and SHA256 computations (the core Bitcoin hashing algorithm) take exactly 0 (zero) floating point ops as they consist of integer and bitwise ops only. Besides floating point operations are usually slower than integer and logical ones. Bottom line is - measuring Bitcoin performance in FLOPS is wrong!  That's true, but nearly every supercomputer in the top list are optimized for floating point operations. That metric is simply an estimate of relative performance, so that the user can, at a glance, compare apples to oranges. |
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Do you know if you are the only civilian speaker, or is this one part of a more general event?
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I found out a few weeks ago, but didn't read too much into it. Then I came upon some message board discussions last week and decided to test the waters. I realize that for the mots part I've missed the boat. It's still amazing to me to think of all of the people who got in early who have rediculous 5-6 x 5870 set up's on a single system and are crunching huge numbers. Wish I would have found out several months ago  Don't wish too much. I've been here over a year, and I have never mined a block. If everyone mined, this wouldn't work. |
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Just an idea:
What would you think about a thin client that doesn't store the block chain, but only talks to one trusted node who does all the checking and verifying.
It would have it's own wallet.
It seems like no advantage over the existing RPC client, but you could choose to trust a node of a friend or a respected community member like the slush pool node.
So you would not necessarily need to set up your own internet-accessible node.
Any thoughts?
I've had a bounty waiting for this exact concept for months. |
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Why would you want to do that?
So that I could have one portable client that I could run natively on windoze clients while at work and on my linux machine at home via wine. It almost works. |
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I don't understand the question. |
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How does this affect the crypto used in Bitcoin? Are there known quantum algorithms for breaking ECDSA and SHA-2?
No. I was reassured by your saying this, but after looking into it more I'm not so sure. The difficulty of deriving an ECDSA private key from the public comes from the difficulty of the discrete logarithm problem, and Shor's algorithm reduces that to polynomial time. But it still doesn't completely remove the security, it just makes it easier to brute force crack; but only if you have enough qubits to do it. Also, Bitcoin is modular, and ECDSA can be swapped out for something more secure against quantum computations. I'm pretty sure that quantum computers are not a threat to SHA-256 or it's related algorithms. |
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Just so everyone knows, if you try to run a windoze bitcoin client on a gnu/linux machine from your thumbdrive via wine; everything seems to work except the verifying of newly downloaded blocks. Connects fine, shows proper prior transactions, but cannot seem to get it's blockchain act together.
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April 2010 slashdot article.
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How does this affect the crypto used in Bitcoin? Are there known quantum algorithms for breaking ECDSA and SHA-2?
No. |
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Colonize space, and this limitation ceases to exist.
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we need to all realize that for BitCoin to REALLY CATCH ON as a viable currency that NORMAL EVERYDAY PEOPLE are going to use we need to come off our high geeky horses and get real. This BitCoin thing is an amazing opportunity for all of us to make money,
The possibility of making a profit is not why I participate. There are other high risk investments that I might participate in that would likely be as lucrative. Smuggling for example. I participate because of what a successful Bitcoin would result in for the society that I live within. It's a semi-passive revolutionary act to transact in this fashion, do you not realize that? My parents would have. |
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"You will soon be able to pay your friend back for dinner or give your kid $100 by simply logging in to your bank account and entering their name and phone number. No cash, check, PayPal or silly app required."
this does not sound familar at all to you?
Yes. It sounds like online banking. It doesn't sound like Bitcoin. |
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Trading parity, as in volume and economic significance.
That wouldn't be how the term is normally used in relation to currencies. |
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I was wondering, what could happen if when there are 50 blocks remaining for the next dificulty rise the 70% of the bitcoin network stops mining?
The last 50 blocks take about 4 times as long on average. |
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