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5441  Bitcoin / Bitcoin Discussion / Re: Transaction Spam Awareness: What YOU Can Do! on: March 08, 2013, 07:00:34 AM
I think calling the amounts "unspendable" is not technically correct - provided an unspent output is old enough even one that contains a single Satoshi can be spent (at least that is the case currently AFAIA).
5442  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 08, 2013, 04:58:37 AM
Does Litecoin have the same block size problem?

As it was cloned from Bitcoin one would expect so (as presumably would be the case for all other clone coins).
5443  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 08, 2013, 04:44:58 AM
By average hardware I am talking about an average spec. dual-core laptop with around 10 GB of available free disk space.

Since version 0.8.0 the hardware is coping with processing blocks fine (it was freezing the computer all the time with previous versions) and the disk space should last another few years or so (at the current rate).

If the blocks were to double or more in size then I estimate that it could be likely that before the end of the year either I would have to either upgrade my hardware or stop running the current Satoshi client.

BTW - I don't believe the problem is unsolvable and of course I do expect to upgrade my hardware within a few years.
5444  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 08, 2013, 03:47:12 AM
Well it seems that this thread is starting to contain more heat than light. Smiley
5445  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 08, 2013, 03:01:59 AM
I don't get it, please bear with me:

1. SD transactions include fees and adhere to the protocol. block them, and you have reduced the blockchain bloat (assuming others follow you), and CPU verification cycles.

2. All transactions with, for example, more then 2 and less then 5 inputs. They include the fees and adhere to the protocol.Block them, and you have reduced the blockchain bloat, etc.

What is the difference?

If 2 includes 1 then no real difference - understand that a large % of all tx's *are* SD - my point being that there simply isn't any other significant spam tx's to block (as of today).
5446  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 08, 2013, 02:10:30 AM
I dont think what SD does is good, but blocking addresses isnt really in the spirit of bitcoin  Sad

True - but filling the blockchain with spam messages (i.e. dust tx's that just tell the player that they *lost*) hardly seems in the spirit of Bitcoin either.
5447  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 08, 2013, 01:57:26 AM
We do not have blockchain bloat due to *all tx's with more than 13 inputs or tx's below 0.0002x* but we *do* have blockchain bloat due to SD (i.e. the source of the current soft limit needing to be raised is just them).

Of course if SD would like to buy me a new hard drive then I would be more than happy for the (hard) limit to be increased just for them. Smiley
5448  Bitcoin / Development & Technical Discussion / Re: Satoshi Nakamoto's words regarding nodes, mining and blocksize 100GB TX/Day! on: March 08, 2013, 01:47:17 AM
I don't see anything from Satoshi in that link at all (a bunch of other people some of which are quoting him) and if he did think 100 GB of blocks per day were going to occur I don't think he would have thought that to be feasible in 2013 (or even by 2020).
5449  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 07, 2013, 04:55:10 PM
Let's just clear something up...

Bitcoin isn't gold - it's not intended to replace gold.

Gold is a store of value more than it is a currency. Bitcoin is for transactions great and small, local and international.

Well thanks for being the "spokesperson" for everyone here but I think you'll find that quite a few people disagree and if Satoshi really had planned for Bitcoin to be a tx system to compete with the likes of Paypal/Visa then you don't think he might have made a mistake or two (if not then why does this very thread exist)?
5450  Other / Off-topic / Re: 40+ years old... on: March 07, 2013, 04:45:13 PM
I haven't heard his name since then. I used to play around with his pinball software.

Yeah - his "Pinball Construction Set" actually pre-dated the Mac (not sure if he visited Palo Alto like Apple did)!
5451  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 07, 2013, 04:38:25 PM
This is technology, if it can't scale, it will be replaced by something that can. The people investing in bitcoins are doing it because they believe it can be digital cash. 7 transactions per second is not digital cash. Its not digital gold either, gold does not cost large amounts of money to trade.

So you are saying that Gold tx's are > 7 per second (just trying to work out what the *real* problem is)?
5452  Other / Off-topic / Re: 40+ years old... on: March 07, 2013, 04:27:58 PM
Any of you guys ever heard of Bill Budge?

I actually was sent 6502 assembly source code from him back in the 80's when I was hoping to become the next "him" writing arcade games for the Apple ][.

Cheesy
5453  Other / Off-topic / Re: 40+ years old... on: March 07, 2013, 04:13:48 PM
I'm 36 and old enough to remember UUCP... and CompuServe.

Shit - I remember using CompuServe also (and the sounds of my original 1200 baud modem)!
5454  Other / Off-topic / Re: 40+ years old... on: March 07, 2013, 04:04:56 PM
Interesting I am 45+ but had forgotten the Unix to Unix "copy" abbreviation (was that from the usenet days?).

Smiley
5455  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 07, 2013, 03:59:09 PM
I get this feeling some people against the blocksize increase think that 7 transactions a second is fine and Bitcoin will be like gold and it'll be this massive store of wealth. Well if millions of people can't move their wealth around your Bitcoins will be worthless, no matter how many thousands you have.

Do people trading Gold need more than 7 tx's per second?

(i.e. do you think Bitcoin would really *die* if that was the limit?)
5456  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 07, 2013, 03:55:10 PM
They matter. They are not the only thing that matters but they do matter. To have 0 transactions you don't need any system. Problem solved! You see? it's just as ridiculous to say that it's ALL that matters as it is to say they don't matter at all.

I never said tx's don't matter and if tx's fell to 0 then Bitcoin would die - the question is whether it really has been designed to compete with Paypal/Visa for that purpose.

(it's not an argument of extremes I am trying to make at all)
5457  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 07, 2013, 03:46:21 PM
Bitcoin must to scale to more than 10 million odd people.

Again why?

If # of tx's was the #1 priority then why would you even have a 10 minute confirmation time?

And why bother with even having a 21M limit if all that mattered was the # of tx's?
5458  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 07, 2013, 03:27:37 PM
Bitcoin needs to be able to handle 5000 transactions per second, eventually.

Why?
5459  Bitcoin / Mining / Re: Soft block size limit reached, action required by YOU on: March 07, 2013, 02:57:31 PM
This is not the solution to this problem.

The *solution* is at this stage very unclear (thus all the threads about this issue).

Understand that if the max. block size were simply abolished then apart from it being a hard-fork (equals Bitcoin turns into BitcoinA, BitcoinB, etc.) the likelihood of people with average hardware (myself included) deciding to keep using the Satoshi client (i.e. full block chain stored on your hardware) will dramatically be reduced (if it were to grow 10x the size in the next few months I would most likely opt out of doing this).

Understand that also most so-called *miners* are actually just *hashers* (they don't *need* the block chain) - so a likely outcome of an unlimited block size would be that mostly only the *pools* would have the entire block chain (everyone else would end up using lightweight clients).

If this occurred then the entire "decentralisation" of Bitcoin would actually be at risk and this is the *real* problem that needs to be worked out (rather than arguing about the legitimacy or otherwise of SD tx's).
5460  Other / Beginners & Help / Re: How can this transaction possibly be unconfirmed? (blockchain.info link inside) on: March 07, 2013, 02:45:55 AM
I understand now. Thanks.

Cheers and welcome to Bitcointalk (do mind the trolls)!
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