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Yes, and it's happened before.
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In the unlikely event that none of the 25 groups of five characters are lower than 1 million when convered to decimal, we use the remaining 3 hex digits, which give a number in the range 0 through 4095, which corresponds to a dice roll of 0.0000 through 0.4095. |
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That's a good point. 2^32 is 4,294,967,296, so what happens if a pool with 4GH/s go through all possible nonces and none of the corresponding hashes are below the target?
You update the timestamp |
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We give you loan, you give us account, you do not have to repay.
Note to self: impactcustoms is a sockpuppet of ritchan. |
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Steam accounts don't work as collateral. I believe it was PatrickHarnett who first got scammed when lending with a Steam account as collateral. The actual thread is wayy back in history, but I did find this: In one thread a steam account was used as collateral. Yours is probably worth more than $63.
The last one I remember that happening the lender got burned on the loan, so...  Well then the lender got a lot of cheap steam games. Life is tough, but I bet the lender managed to sell off the account for nearly the cost of the loan (if not, then the lender made a poor decision in the first place) No, Steam gives users several ways to recover accounts, it is not safe to use them as collateral, or to buy them. |
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Yeah it's about time to unwatch this thread. It's getting a liiiiittle bit ridiculous in here.  |
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What is a "No Repayment" loan?
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As linked twice already, the second to hardest bet has been won once already: Roll exactly 0.0000
Second to hardest? What's harder? 99.9999 It occurs a little bit less as you should know. Aha! *switches bot to bet high* You stole the millionth bet and the first million-to-one win, but I will be the first to win the "technically hardest" bet! |
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This is one eff'd up place. Welcome to the cornerstone of the Bitcoin economy  |
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I will do thousands of dollars in loans when given collateral. For me to take a loss here, winter would have to default and the shares would have to almost halve in price.
Out of curiousity how do you transfer these shares? I'm new to the bitcoin share business, so I am just wondering. I just see all these request for shares as collateral and I keep thinking of NYSE stocks because that is what I am familiar with and invested in. It'd take an act of God to move my shares from Scottrade to someone else's account  Welcome to the wild west On btct (which I have never used before--I made an account just to accept the shares), you can just go to My Assets. There's a box for "Internal Asset Transfer (Fee: 0%)" |
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Good job guys I will do thousands of dollars in loans when given collateral. For me to take a loss here, winter would have to default and the shares would have to almost halve in price. |
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Rampion: I'm saddened that you don't think I'm worthy of participating in the community because of one blatantly stupid mistake. I've never done anything else wrong and do not plan to ever again.
Bullshit. It just didn't surface [yet]. Just go register a new handle, this one is toast. Unfortunately he'd have to register a new real name to get the credibility of this one |
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Note: we negotiated the loan over PM. Turns out he needed less than 0.5 BTC, and had enough btct shares to use as collateral. Summary: Sent 0.15 BTC. Payback 0.16 BTC. Max length 7 days. Expected duration 1 day. Shares must be returned no more than 48 hours after receipt of payback, expected duration less. We have GPG signed contracts, but they contain private information and only need to be posted if one of us doesn't fulfill the terms. Cheers |
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But to your point, yes if I was going around saying I was a victim I would be happy to get my money back. If I was not a victim and bitching I would not want my money back.
So forced refunds are okay? Be sure to tell Josh and Garr that! Hahaha_oh_wow.jpg  |
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Thanks. Can you link me to the formula used to convert difficulty to target? Is it simply the max target divided by the difficulty?
Yes. maximum_target = 0x00000000FFFF0000000000000000000000000000000000000000000000000000 difficulty = maximum_target / current_target multiply both sides by current_target: current_target * difficulty = maximum_target divide both sides by difficulty: current_target = maximum_target / difficulty |
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Make sense?
Kind of. So the target is a 64 bit number that represents what the hash of the block in numeric form needs to be less than. So, the hash of the block is treated as a hex number, and compared to the target, and it has to be less than the target? Kind of. A sha256 hash is always a number, no matter how you represent it (hex or not). The target is also a number, and it can be represented however you want. Regardless of format, the hash of the block 's header is treated as a number, and it has to be less than the target. |
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Looking for n-zeroes in front isn't precise enough: difficulty jumps exponentially with every digit. Instead, the miner looks for hashes that are numerically less than the target. Here's the maximum target: 0x00000000FFFF0000000000000000000000000000000000000000000000000000 A maximum target means a minimum difficulty, because the higher the target, the more hashes are less than that target. The difficulty is the maximum target divided by the current target. As the current target goes down, it becomes harder to generate blocks. The current target is the denominator of the difficulty equation, so as current target goes down, "difficulty" goes up. Make sense? |
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Wow, OK. Possible sockpuppet(s) of Garr, shill bidding, shill bidding is OK because "price negotiations," possible screenshot faking by Inaba, "enough evidence to open an investigation on Inaba," Garr has some of the forum's money, aaand more possible sockpuppet(s).
I'm sure I missed something. TL;DR please?
Garr255 shill bidding, legit screenshot by Inaba, Garr255 confesses to being Werner, Garr255 says he might have been lying about confession #1, more evidence found connecting Garr255 to Werner, Garr255 confesses to being Werner (again), Garr255 says he will pay 5BTC to victims of confirmed shill auction. Starsoccer9 says hasn't been paid yet. Svbeon says "I will be sending you the coins soon". That's about where we're at right now. Thank you Why can't theymos just check Werner's IP and see if it equals Garr's? Yeah yeah Tor etc, but if Garr was this careless, he's probably more careless. |
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I would say he is doing this loan to try and get some trust.
And he failed because people still need collateral for 1$ loan.
I mean lets say he is gonna scam you,isn't investing 1$ to know if he is a scammer or no worth it ?
Sockpuppet? No, of course it's not worth it. He can make a hundred more accounts. What kind of person would be scammed for 1$ hundreds of times from same person ?. How would you know they're not the same person? This is the problem with pseudonymity. I might lend the buck with a scan of some kind of ID. |
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