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Come on guys, does a statist really link to the tools?
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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. |
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I really hate the "show me where it worked before" thing.
All I'm suggesting is that the world will be better if people don't initiate violence on each other. I could give a damn whether this has happened on a large scale in history. That said, history is interesting.
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Nanaimo, under what circumstances is it okay for people to initiate aggression against me in your opinion?
Maybe we use 'anarchy' differently, but if your answer is never then that is just semantics.
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Welcome.
I don't think that would be hard to at all. I actually assume it would just be a variable change. Right now it looks at something like contributed in the last minute as a proxy for current hashing speed. Increasing this to an hour or even a day might be reasonable. But again given the choice between joining two otherwise equal pools the one with the least dead weight will tend to be preferred.
I don't think any of this has to do with fairness as long as there is no deception. I was only suggesting that it total contributed might not be an equilibrium.
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A typo won't lose coins...
The typo I'm worried about is when I omit the dot and send 1234 coins instead of the 12.34 that I meant to send. Yeah, that could happen. It might be bad, but not as bad as going to a non existent address. In many cases you will have contact with the person you are paying and can get it back. Eventually someone will probably create a warning add-on that makes you click again when you send above a certain fixed amount or above 10x your average send or something like that. |
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Valid, but no one has the key: lost forever
lets say that i change last number in the address for example form 6 to 7 accidentally, the address will be valid. and then send all my savings to this nonexisting address, i am broke because of one small mistake. I did say this in the post you quoted: A typo won't lose coins because there is a checksum to test validity, multiple very unlucky typos could lose coins though. |
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Wait, computer power can be bought in bulk? This changes everything.  |
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Ooh, so someone could attack the network by generating coins and posting them to deliberately broken addresses?
That would be a self attack, we don't need all 21M coins. 2M or even .02 total coins would be fine. |
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Offline: no problem, they now have access to the coins whenever they want
Invalid: the client won't send them.
Valid, but no one has the key: lost forever
A typo won't lose coins because there is a checksum to test validity, multiple very unlucky typos could lose coins though.
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Bitcoin: So easy you don't even need arms! Looks good, grondilu.  |
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I realize the question in OP was about unemployment specifically, but please consider my comments to apply to all government handouts.
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Me too, not found. Did you switch to contributed and rounding is causing this?
Contributed method is bad imo.
Why is it bad? I asked before switching and the majority of the responses requested contributed. Suppose there are two pools with roughly equal hashing power, one that got a block 1 day ago and one that got it's last block 1 week ago. They are equally likely to hit the next block, but if I jump on to the first one I will get a much larger share. Anyone paying attention will do the same. Imagine an extreme case, a group works for a week making no block and they all quit. How silly would I be to join with all the shares owed to them? |
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I'm a Voluntaryist. But I'll vote 'Anarcho-Capitalist Libertarian' as it is close enough for me.
Being pragmatic, I do prefer the term 'Laissez-faire Capitalism' to describe my economic views.
I think that this poll illustrates, again, the importance to separate moral and economic labels.
Voluntaryism is a moral code, it just so-happens that 'Laissez-faire Capitalism' is the only rational economic model for a society of voluntarists!
I like voluntaryist too. |
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What about attacks using this system with the normal system trust is needed here you have a false trust that will lock up bitcoins forever.
Throwing your own money away doesn't hurt bitcoin in a broad sense. We'd be fine with 20M coins or 1M or even 11. If you have access to coins and throw them away it is your loss, and in the case of shared coins, your partners loss too. |
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What is important is the % drop in average total reward for a block. As fees become a bigger part the % drop will decrease. I think only the first two drops will be big close to 50%.
Hum... I don't get this. Why do fees have anything to do with this ? Fees are added to the subsidy from existing bitcoin stock. It doesn't reduce creation at all. I was thinking from the point of view of the generators' incentives, not the total number of bitcoins aspect. The shrinking rate of generation can only be a good thing for bitcoin holders imo. But the decreasing incentive to generate could be a problem. For the first few decreases fees will be a minor amount so the drop will be rather drastic, later on the fees may be much larger than the generate reward and so the drop will not matter much. |
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Hmm. I guess I might not just have the auction then.
I mean if after a lot of discussion there were two or three reasonable and substantially different strategies, then maybe it would be a god idea. But not this auction really imo. |
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Wild swings in the total hash rate again. 80k to 140k.
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Wow, that sounds good. Even though I'm in a contract it might be worth trying to get out. I don't know where I'l move though, I should find a coverage map.
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Anyone want to bet on how long it will be before Jed is in jail or in exile?
There are only a few of us posters to this forum who know the history of privately issued currencies. Most of you guys never had anything to do with this scene before July, 2010.
I think it's time we tried to educate the rest of you to the very real and present dangers. I don't want to see anymore good men hounded, jailed or assassinated.
I have friends in prison and even in their graves for doing less to irk the banksters than Jed is doing now and in ignorance you guys are pushing him into more trouble.
The banksters will do any crime to protect the illusion of monopoly on the creation of money.
I'm not pushing mtgox to do anything, but if the banksters will do bad things that happen to be crimes maybe it isn't so bad if some people do good things which happen to be crimes. |
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