If you look up the original definition of inflation and deflation, you will find that it is defined as the increase and decrease in the money supply. 1913 definition according to Webster's Revised Unabridged Dictionary Inflation (Page: 760)
In*fla"tion (?), n. [L. inflatio: cf. F. inflation.]
1. The act or process of inflating, or the state of being inflated, as with air or gas; distention; expansion; enlargement. Boyle.
2. The state of being puffed up, as with pride; conceit; vanity. B. Jonson.
3. Undue expansion or increase, from overissue; -- said of currency. [U.S.] Webster’s 1983 Definition of Inflation An increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and rise in prices: it may be caused by an increase in the volume of paper money issued or of gold mined, or a relative increase in expenditures as when the supply of goods fails to meet the demand.
The American Heritage® Dictionary of the English Language, Fourth Edition, Copyright © 2000 Published by Houghton Mifflin Company says: Inflation: A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.
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Which leads me to conclude that, there must be some sending address (just like your own paypal email you use to send $$$) - which must be how they know that this is the same person who rolled first and the second time.
SO the question - HOW CAN I CHANGE THE SENDING ADDRESS OF MY WALLET every time I bet(if thats possible)?
Your conclusion is wrong. No identifying information is sent in a transaction. They probably know it is you by giving you a unique address to send to. If somebody else sent money to that address, they would still think it was you that sent it. |
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Relayed by ip: Blockchain.info - does this not mean that the hacker's IP has been relayed by a provider known to Blockchain.info?
"Relayed by ip" is the ip of the node that relayed the transaction to blockchain.info. It is not the originating node. However, in this case since the relaying node is blockchain.info, it must have originated there, and that means that the thief probably logged into your account to steal the bitcoins. |
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The problem is funding the incentives.
The problem is identifying who really is a full node. You can set up thousands of "ghost nodes" that are just passthrough gateways for the same node but will look like multiple different ones. The moment you start with paid incentives, you have to try to fend off everyone that is trying to game the system. We need the nodes to tell us they are full nodes. That might require some changes a lot of people might not like. there is no way to do this, this is why this tipping thing can't work, one could abuse it... Nodes could be paid according to the number of transactions and blocks they propagate. How is that possible? Also, how to identify or see the stats of a certain node? Can you please elaborate further?  You could periodically connect to a node and rate it based on the traffic you get from it and the propagation of transactions you send exclusively to it. |
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The problem is funding the incentives.
The problem is identifying who really is a full node. You can set up thousands of "ghost nodes" that are just passthrough gateways for the same node but will look like multiple different ones. The moment you start with paid incentives, you have to try to fend off everyone that is trying to game the system. Agreed. We need the nodes to tell us they are full nodes. That might require some changes a lot of people might not like. there is no way to do this, this is why this tipping thing can't work, one could abuse it... Nodes could be paid according to the number of transactions and blocks they propagate. |
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Sorry, GreenStox, you are not talking about deflation. Depending on who you talk to, deflation is falling prices or a reduced money supply. Deflation can't be inflation in disguise because they are direct opposites. Inflation is rising prices or an increased money supply, again depending on who you talk to. You are writing about
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I don't know how to get bitcoin faster beside faucets, sigcam, and gambling.
You could buy them. 0.1 BTC would only cost you about $25. |
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I'm not saying don't trade, I'm saying don't trade widgets if you don't know what a widget is or how it works or why someone would want to buy or sell a widget. If you don't have a good idea where the price is going to go, then you are just guessing and you are going to lose money.
Arbitrage does not work as well as most people think.
Arbitrage works in theory, but not so well in practice.
Do you have a reason why you say that? Experience? I have had experience with arbitrage in the stock market and in the crypto-currency markets. It doesn't work well in practice because you are competing with many people for the tiny discrepancies in price. The key to making money in arbitrage is to find and execute on an opportunity before anybody else does. That's not easy. Automation is key. |
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How do u deny the importance of charts ?
I deny the importance of astrology. It has charts, too. Do u think between 2 broking house trading on wall street knows one thing better than the other ?
Some do, some don't, but both know more than their clients and that's how they make the most money. |
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Finally, don't fall for the pump-and-dump scams. If you aren't the one doing the pumping, then you must be the victim.
Could you elaborate a bit on the whole pump-and-dump 'process'? Is this what people in the 'pumpers picks' thread got suckered into doing? It feels like that whole thread is one guy taking advantage of everyone else there... it's very straightforward. - Step 1: Buy an asset.
- Step 2: Convince people that the price of the asset is going to rise, and that they should buy it -- the "pump".
- Step 3. Sell the asset once the price has risen because of all the people fooled by the "pump" bought it. -- the "dump"
- Step 4. Enjoy the wealth. Laugh at the people that lose money as the price returns to normal.
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The only way to make money trading to know more about the thing you are trading than the people you are trading with. If you trade based on charts or speculation or rumor, you are going to lose to the people that actually know what's going on.
wow, what a "legendary" answer in the newbie section. in other words he say, stay away from trading, there are big players and they rip you off. any reason for that answer? this happened only, if you go on a market and buy a coin and hope to sell it at a higher price. also it could happen if you invest all your money. if you are smart than you can calculate a bit. Maybe you find a coin which you can buy for BTC at cheaper price as the sell price on the LTC market. That means you buy for BTC and sell for LTC, the LTC you exchange back to BTC after it. If your calculation before was correct then you have more BTC as before. This is a typical 3 way arbitrage. You can do it inner-exchange, also is it possible to execute one step on a other exchange. This way of trading is total independently from other traders, because it is very fast possible. It is no speculation, only calculation. And you don't need to look at a chart. Also the volume is unimportant. It is only a need that the price constellation is available and the calculation is correct. I'm not saying don't trade, I'm saying don't trade widgets if you don't know what a widget is or how it works or why someone would want to buy or sell a widget. If you don't have a good idea where the price is going to go, then you are just guessing and you are going to lose money. Arbitrage does not work as well as most people think. Don't believe most of what other people say. They know a lot less than they think they know.
yeah, including the people who say those words all the time and provide answers like yours. Are you scared that someone could steal your trade opportunities? Well, I'm not making any claims or predictions. Don't get suckered by people selling stuff -- books and bots and get-rich-quick schemes. There is no successful trading strategy. Successful trading is opportunistic -- you see an opportunity and you take it.
And yeah i agree with some points of this. Bots are not for newbies. Only who know what he is doing exactly can use a bot to do something automatic. But they have nothing to do with get rich quick schemes. Also book are something different! There is good perusal for reading charts, for sure. And if someone trade successful, he use a strategy. I speak from experience which i have made! And i have a strict strategy which i use. And again, arbitrage is a strategy! Can you explain your answer with a bit more details? Or have you read this somewhere else? Also a good strategy is to trade with very small amounts! Small as possible. If something goes wrong then you are able to cover the looses more easy. And for sure, arbitrage is a opportunity which is not possible at all time. If you see and calculate this this opportunity, you can take it! Arbitrage works in theory, but not so well in practice. |
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The only way to make money trading to know more about the thing you are trading than the people you are trading with. If you trade based on charts or speculation or rumor, you are going to lose to the people that actually know what's going on.
Don't believe most of what other people say. They know a lot less than they think they know.
Don't get suckered by people selling books and bots and get-rich-quick schemes. There is no successful trading strategy. Successful trading is opportunistic -- you see an opportunity and you take it. I guess you could consider that a strategy.
Finally, don't fall for the pump-and-dump scams. If you aren't the one doing the pumping, then you must be the victim.
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You need to add airbitz, bread wallet, and hive.
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This news is quite surprising,If Cryptsy is able to stake at a rate higher than any other non Prime Controller holder and can instantly convert Paycoin to Bitcoin within its own system, the conflicts of interest quickly add up.
What are the conflicts of interest? Sorry, it's not obvious to me. I have limited knowledge of Paycoin. Paycoin is a cryptocurrency that was devised by GAW Miners who you may have heard of but if you haven't they perpetrated some major fraud through their cloud mining service and Paycoin is part of their scam, they guranteed that there price would stay above a certain point 0.01 - 0.02? Can't remember the exact price, but anyway the promised price was riduculous and it was an obvious pump and dump scheme that they were running. These guys ran around scamming everybody including the electricity companies that powered their cloud mining, so naturally anyone that deliberately chooses to stick with them after that is going to look incredibly suspicious. I am aware of the whole Paycoin saga, and I understand that Prime Controllers earn up to 350% in PoS mining, but what specifically is Cryptsy's conflict of interest? |
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This news is quite surprising,If Cryptsy is able to stake at a rate higher than any other non Prime Controller holder and can instantly convert Paycoin to Bitcoin within its own system, the conflicts of interest quickly add up.
What are the conflicts of interest? Sorry, it's not obvious to me. I have limited knowledge of Paycoin. |
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It's not about percentage. It's about excluding tx's from "all" tx pools. That's the only way.
Even if all of the miners exclude spesific address's tx's then those people can edit their mining pools & tx pools to accept only those tx's to create block. If they're lucky enough they'll create block and their tx's will be on the chain.
In your scenario, the txs may be put in a block, but the block will be rejected by other miners and orphaned. How will they orphan it? if it's a block that has all requirements of network, miners can not reject it. Also it's not their choice to make a block orphan. They certainly can reject it. If they don't consider the block to be valid because it contains an invalid transaction (the blacklisted one), they continue the chain from a different block and that one is orphaned. If they want to reject & orphan it they have to find a block with same height at the same time which is acceptable by the network. That is not correct. Miners don't have to continue from the first block that is propagated. Each miner is free to choose which block to continue from. The choice is not dictated by any authority or any rule, but a miner is motivated to conform to the consensus. In your scenario, the mining consensus is that certain addresses are blacklisted. If anyone propagates an invalid (according to the consensus) block, it is rejected by miners that follow the consensus and it will never be part of the longest chain. |
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At the risk of furthering this absurd conversation, I want to point out that if someone states that there is a probability of 1 in 2 256 of guessing a private key, they are explicitly stating that it is possible to guess the key. If it were impossible, then the probability would be 0. Now for those of you that don't yet grasp improbability of 1 in 2 256, I give you this: https://www.youtube.com/watch?v=nFTRwD85AQ4 |
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I don't think there is a problem because the bitcoins in the underlying transaction in the are intentionally non-fungible for as long as the value of the programmable currency is greater than the value of the underlying transaction.
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Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use.
A 1% adoption rate would be fantastic. That would be 70 million people using Bitcoin. If you replace 1% of the $16 trillion monetary base with bitcoin, 1 bitcoin will be worth $12,000. |
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