Uh, will your program let everyone sign up and trade?
what u mean ? you can sign up and trade on bitcoin Lol, he failed at quoting me asking him that after he seemed to be saying he could make a fake MtGox.
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If someone wanted to hide even donations on their website a script can easily be written to give each visitor a new address. Now you only know how much you gave them. Bitcoin can be used for anonymous giving/buying, but it isn't magic you can give your identity away easily.
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2 BTC Man, I want a Kindle this Christmas!!
When will the bit stop?
Sorry, got excited and didn't saw the link with the biddingpond auction. I placed a bid but somehow it automatically placed a higher bid than mine. Why? Someone bid that much, but it doesn't show it until it needs to.
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DDoS is illegal as it creates disturbance in normal functioning of a website .But protests on streets, strikes they also disrupt normal functioning of institutions .
I think DDoS is a new form of protest in the domain of internet.
I'm not to smart. Are people doing something besides requesting data from a server? I went to visa.com while it was down, am I a terr0rist yet?
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The article implies that Bitcoin was invented as a RESULT of Wikileaks troubles... as sort of an altrernate SOLUTION to Wikileaks donation funding troubles.
I didn't get this impression from the article at all! The title is the only thing giving me that impression. "Could the Wikileaks Scandal Lead to New Virtual Currency?" implies Bitcoin was precipitated by the scandal, which is obviously not true even from the article since bitcoin has been around for more than a week or whatever.
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Wow, can't believe it didn't work. Did you have some sort of mind zapping gun or something?
Well, my effort to do so partly work. I got it enough so that people tell other people that wikileak accepting bitcoin is a bad idea at this stage in development. I was just trying to hassle you for your wording. I don't doubt you changed some behavior.
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Hmm, mine currently says "Generated (0.60 matures in 27 more blocks)" but then says 0.00 under the Credit column, I assume this is just because the amount isn't added to the balance yet. Is this what is happening for you too maybe? Or maybe it is the rounding thing.
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I tried to stop people from thinking that idea...
Wow, can't believe it didn't work. Did you have some sort of mind zapping gun or something?
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I just joined Bitcoin today and I am dismayed that scamming is even possible at all. Didn't the designer take this into consideration from the start? I know this is a new and experimental version. But the fact that this is even a problem at all as already (in less than an hour) dissuaded me from using it any further. I was ready to plop down $100 and buy some bitcoins today. This should be a simple and secure process. Apparently it isn't. Not only do I need to worry that I will be scammed, but worse I, an honest *buying* customer, am also suspect. That is ridiculous, and shows the fatal, and I do mean FATAL flaw of this system. If decentralized currencies are ever to take off, they'll have to create a secure payment system right from the start.
So final question - is the designer or designers planning on implementing (into the core) a secure system, so none of this nonsense is a problem anymore?
You seem confused, but I'm not sure where exactly. You wouldn't expect the creator of anything else at all to make it 100% theft proof right? Even cars are easily stolen if you give away the keys. Nothing replaces a brain.
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Paraphrase: who else worried about infinite increasing of the chain?
Well, it IS NOT infinite! It is continuously increasing. It is, and will continue to be, quite finite and seems manageable for the foreseeable future as far as I can tell. Casandras to the contrary. If you don't think you can handle the load of the chain on your disk space or think the network load is too much for your system you can always fall back to some service like mybitcoin.com or a mtgox account to store your BTC for you. This is demagogy. There might be a language issue here. No amount of data will ever be infinite, maybe you mean it will grow indefinitely. Yeah, maybe I have a problem with the language. I am concerned about the growth of wallet.dat Oh, I really hadn't guessed that. I thought you were meaning the block chain. There is no automation for cleaning the wallet for it now, but it's fairly trivial. Send all coins to another computer, your own, mtgox, whatever then delete your wallet, open Bitcoin and it will make a new wallet. You will lose access to coins sent to your old addresses in the future. I imagine this is why bitcoinmarket made that announcement about deposit addresses changing a while back.
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Why dont paypal,mastercard and visa publicly accept that they are directly owned by government ?
On what reason can they give to refuse payment to wikileaks ?
Obviously they dont want to get in trouble due to ferocity with govts motive to hunt down wikileaks as their misdeed is exposed infront of their own public ..
They think we are stupid. The politicians are in plain sight authorising torture and other war crimes yet they call the truth terrorism. Imagine how fucked people were before the internet. You would think you were the only not crazy person in the world if you were even able to figure government/church BS out at all. This time is different, watch out mother fuckers.
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Paraphrase: who else worried about infinite increasing of the chain?
Should be fine, I remember reading something about what creighto mentions about compacting merkle trees in satoshi's PDF This will make it grow more slowly. Is there some notion of how much more slowly? (80 bytes per block * blockchain total length) + (Average transaction size * current bitcoins in circulation * maximum allowable division * number of transactions deep kept by the pruning algorithim) = realistic top limit on blockchain size at any given time. Yeah, I was just curious about the size of the benefit of the pruning algorithm. It's probably complicated, I know.
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Paraphrase: who else worried about infinite increasing of the chain?
Well, it IS NOT infinite! It is continuously increasing. It is, and will continue to be, quite finite and seems manageable for the foreseeable future as far as I can tell. Casandras to the contrary. If you don't think you can handle the load of the chain on your disk space or think the network load is too much for your system you can always fall back to some service like mybitcoin.com or a mtgox account to store your BTC for you. This is demagogy. There might be a language issue here. No amount of data will ever be infinite, maybe you mean it will grow indefinitely. Lfm is not wrong.
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Got it running, but if you want to attract more people, the process to get it running could be simpler. Especially because this is a good incentive for new users so they get faster new coins, but imho these user will make less effort to get it running.
What advice would you give to make getting it running simpler? I'm not too concerned about getting lots of people. The server is running close to capacity already. I'd investigate ways of setting up fallback servers, or handling load, but the cost of running one server is already expensive given the pool makes no money itself. I'm only running this as a service for those who want to try puddinpop's code at this stage. Eventually servers will charge a little. People will pay to be in a big group with no downtime. I think he means easy would be: download, install wizard, get prompted for a bitcoin address, click okay.
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I got 3 GPU's (two GTX 470 and one GTX 260), 2 CPU's (one AMD Quad-Core and one Intel Dual-Core) throwing a combined total of ~71,000 khash/s into the pool (~35%). I could throw more at it, but last time I did that it crashed the server.....whoops. The pool is running @ ~208037 khash/s while writing this. Yet, since it's inception, this pool has only gotten 1 block while several hundred blocks have been solved? What's going on here? Really, this is just nuts that all these clients and we still can't get more blocks. I've heard rumor there is someone with 20-30 GPU's crunching away at this, and if that's the case then even a pooled effort is still going to be several 100,000 khash/s behind that guy. Is the server running bitcoind with a CPU or GPU? If it's not running with a GPU, I'm willing to try using one of my my system's as a server and see if having a GPU helps reach more than 208,037 khash/s and/or handle several hundred clients (avoiding the 102 limit). It's probably averaged 80,000kahsh only and there has been some down time. We're getting into mildly unlucky territory maybe.
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Paraphrase: who else worried about infinite increasing of the chain?
Should be fine, I remember reading something about what creighto mentions about compacting merkle trees in satoshi's PDF This will make it grow more slowly. Is there some notion of how much more slowly?
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Could someone post a worked example perhaps? Including profit, loss and disastrous loss modes?
We will suppose that BTC has deflated to 1 BTC/USD Suppose someone buys 10 BTC at 2:1 margin, it costs him $5 and mtgox pays the other $5. The $10 dollars is then sold at 1 BTC/USD. Then one of four things can happen: * The order is fulfilled, mtgox takes a higher percentage of the transaction than normal because he provided margin (but not 50/50 because he took a lot less risk than the trader) * The price of BTC in USD falls so mtgox automatically sells the order at the current market price, takes the money for his stake and passes the rest on to the buyer (who makes a loss) * The price of BTC in USD can fall so fast that mtgox is not able to regain his lost capital (this is the only way that mtgox can lose money) Mtgox has to sent his margin to a level that prevent the third point happening. Yes, exactly. And on the point of "falling fast" people should realize that price is not a continuous function. It only exists where there are offers and that means that price can fall through any level instantaneously. So it isn't solved by MtGox giving them priority. The important thing is regular depositors funds aren't used for this without their consent thinking that a large enough swing can't happen or something.
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Supply and demand.
So there is some kind of system that is calculating transations ? How I can be sure that system is working good ? no controled by anyone outside. Controled only by programist that creat it. Maybe visiting mtgox.com will help you understand? Click "trade data" then "depth of market" to see some current bids (offers to buy coins) and asks (offers to sell coins). Every one of these offers is valid and current, if you accept it then it happens immediately. This is not the only place where prices are determined, people trade on bicoin-otc and bitcoinmarket and a few others. The prices tend to stay near each other because if they deviate there is a profit opportunity for anyone willing to do the arbitrage. read my post up, program will behave like people are really buy/sell. If i can do it, just think what this japanese bitcoin father can do Uh, will your program let everyone sign up and trade?
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Maybe it would be useful to have a backup server? You could have users enter two IP addresses and have it try the second if the first goes down. Seems easy to me, but I wouldn't know.
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And FWIW, there is not more "built-in" demand for another alternate currency. If anything, only being able to use them in a DNS setting makes them a less viable competitor to Bitcoin.
Alternate currency? BitDNS is not a competitor to bitcoin, it's [edit] supposed to serve the purpose of domain registration. But there will be some reward for generating in the bitDNS chain, right? And that reward will be transferable? And used for fees? Maybe I'm confused, but that sounds like a good money. I'm pretty conflicted on whether new apps should attach to the chain or start a new one. I know the security benefits of having only one chain. But doesn't it seem silly for the first bitDNS users to need the whole list of previous bitcoin transactions? And then both chains will grow faster than otherwise. It just doesn't seems optimal for every app to need all the data from every other app in order to work. Reality is though that if a few people think it's good to put the data in there then they are going to do it. If this is a problem for bitcoin then it is a problem with how bitcoin works. We can't just trust that people won't use something that would be useful to them for all time because it wasn't the original intent. I fully realize that I may be making a bad assumption about the viability of using the current chain as a DNS, I'd love to hear why it can't work or wouldn't be the most efficient way, an explanation that completely ignores any harm to bitcoin.
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