Do you see where it went from 45 to 181? It would have increased by more, but it is limited to a 4x increase or decrease. This is to keep a temporary surge of power on the network from making blocks take too long for a very long time. |
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I have taken the opportunity to read everything I can. My only question that I have come up with is not how long a transaction takes to confirm but how long it takes to show up in the client. I have 92761 blocks showing. If someone sends me coins during this transaction block period will it not show in my interface until 92762? I have not been able to find that answer in the wiki or the FAQ's.
Would anyone send me some money to play with? I use TOR and the BitCoinFaucet will not give me any money because of that.
17yhRAYKJvVmBh14HMxYRHp2Z4erWgk1ne
Thank you all.
Sent a drop, with a 20% TOR bonus  |
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It is naive
If they invest in bitcoin they will not even be able to understand how much money they have: only that they had 100 500 BTC, then 200 000, then again the 100 000 and all this for a few hours.
We must fight for the stability of exchange rates rather than coverage. Otherwise it will have a negative effect, how to give tantrum in the moving to a Jabber from other IMs (in Russia, at least)
Um, how do we fight for stability? And what is the "right" rate. Fixing exchange rates requires endless resources or a military. Rates want to be free! If small minded people are bothered just use the words they like. "Bitcoins are on sale now! Limited time!" and "Your investment is a success! <pat on back>" |
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5 cents seems like a reasonable amount to ensure can be sent on the network. A cheap piece of candy is a reasonable minimum tip for an article/video. Once you can't send a nickel I think that's where a loss of utility starts.
Eventually generators will set their own fees, but as long as most people are using Satoshi's software's suggestions (wow, say that 5 times fast), I think this would be a reasonable goal.
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What avenues have been tried? Has someone tried messaging his youTube account? What about facebook? Was it made clear that "Bitcoins are the #1 most important development in the fight for freedom in this century" to get his attention?
I facebooked him about BTCs a couple months ago and got no response, but I didn't phrase it like the above (rather, it was a long-winded explaination of BTCs with a request for an interview with Satoshi, so naturally he didn't want to do something that he didn't understand is my guess...)
He'll know you are wrong since raising children peacefully is the number one important development in the fight for freedom. Bitcoin can have #2 spot though. |
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Question: If we commission you draw a design, will you permit the design to be released under Creative Commons?
To be honest I don't even believe in intellectual property anymore. I appreciate receiving credit wherever my work is used, but I wouldn't take any legal action either way. So you can pretty much do whatever with my work. Awesome. I'll keep you in mind in case I ever need anything. |
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I had sent a message to Satoshi and Stefan regarding a radio/youtube interview.
Neither one of them ever replied.
Disappointing. Thanks for trying. |
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Now he said that people don't like to use 0.0003 or something.
Nobody will be using a long form of 0.0003 but an exponential notation. Plus, why would anybody cry foul about everything GETTING cheaper.
I doubt people will use ex notaion. Maybe cent, mill, micro. Or maybe in some distant future people will refer at 0.000 00001 BTC as being "one" bitcoin Or maybe like that |
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Now he said that people don't like to use 0.0003 or something.
Nobody will be using a long form of 0.0003 but an exponential notation. Plus, why would anybody cry foul about everything GETTING cheaper.
I doubt people will use ex notaion. Maybe cent, mill, micro. |
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Are there really so many hashes found that go to waste?
The quote in the comment in ui.cpp says that by design something in the region of 10% of blocks generated won't be accepted, presumably because another block has been found slightly before and is propagating across the network but hasn't reached our computer yet. For about 10% of blocks to be wasted the propagation time for a block from one generator to another would have to be of the order of about a minute! Surely block propagation can't take that long?
Could some keen miner (Artforz) please scour their logfile and find out what the ratio of accepted to rejected blocks is in real life?
Also, I notice that it's in the miner's mutual best interests (jointly and severally) to ensure that they connect directly with each other and not with or via non-generating clients. It's most important to connect to generators with the highest hash rate.
In fact, there's no incentive for generators to talk to non-generators at all unless non-generators are offering a transaction with a fee!
ByteCoin
Is the fact that they might send a fee or might generate enough? What is the real cost of connecting? Why not just keep connecting to more and more people? |
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If you are that scared you are already in prison - only the government is already "pounding you in the ass".
Well said. I'm trying to get myself into prison. I'm trying to get myself out. |
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No interest here or over at vbulletin.org What am I doing wrong? Not enough money? Bad idea?  I think it is a great idea, I don't have the skills though. It might take time, but I think you'll get what you want eventually. |
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It's really weird at this point to still not have the whole order book at mtgox. Not to mention that it is always skewed toward showing more asks than bids.
I think there are a lot of shadow bids out there. No one is going to tip their hand and display they want to buy $20k worth of coins. I think if we had the total account balance at MtGox, it would show a different picture. No, I only mean that it seems to cut off the chart in some odd way. So if a trade happens at 20 cents we get to see down to 16 cents and up to 40 or something. Doesn't matter, the whole book should be available somewhere. |
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The network can't do it for you.
Yes it can. The network should demand that valid blocks have the block number hashed into the coinbase before accepting the block. The way that hashed transaction values are used in bitcoin demands that reasonable effort is made by all parties to ensure that they are unique. Clients already make a number of checks before accepting blocks and this should be one of them. Of course the onus really falls on the mining clients to check previous blocks. All the more reason why it should be easy to make your own highly optimised mining program without having to worry about keeping the network healthy by ensuring your software performs adequate checks. There should be a mining interface to the current vanilla client. ByteCoin Yeah, I think that is right. I was thinking more if you sent your generates to go to unowned addresses, but the point is the same, there is some obligation to know what you are doing, the network can't magically fix mistakes people make. What if you modify your client so that the coins are sent to an address for which no private key was generated? Is the network still at fault? I'm pretty sure that the standard client can send coins to an address that doesn't actually exist, if the address is entered by hand and is a valid address by it's checks. |
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While we're on the subject I think roads need more potholes. My scooter only goes 35mph and everyone else gets places so much faster, it isn't fair. Massive potholes would help slow them down.
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Impressive how people are so concerned about "backing" money with something... you're missing the point. And by the way, nothing has inherent value.  The point of backing the bitcoin with proofs is that it is a digital "product" and thus totally anonymous. As of now, I would not use bitcoins because I can't exchange them for anything of value without risking breaking the law. However a completely digital exchange can be done with much better security. Unfortunately, proofs don't have much of a market right now. I don't know where you live, but it hardly matters. You cannot live any kind of life whatsoever without guaranteeing that you will break the law at some point. Even if you pay taxes on that haircut that you bartered with you your neighbor you are probably in violation of zoning laws. This is a strawman argument you are presenting. The if the feds consider what you are doing as a threat to their power they will send you to pound you in the ass prison. Still feeling brave? Yes still brave. Sorry, I assumed you were suggesting that we should try to follow all laws follow all laws. Do you have a procedure for determining which ones they will enforce? |
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I don't know how that could be done, but if it could, they have the implicit force of government to support it via legal tender laws.
How would they do that, given that bitcoin is an international currency? No local government can claim it the thing as 'theirs'. Did you notice the part of the sentence where I said, "I don't know how that could be done"? Although a bank or government would have enough money to steer the bitcoin pretty much anywhere they want.
I doubt that. They have enough 'money' to do it now, but they don't care now. Later, when they get around to caring, no way. Eventually a lot of new people won't even know or care about the security and sound economics aspects, they just want to have the new money they keep hearing about. At that point nothing can really be done to stop it short of a worldwide crackdown on all privacy of any kind. |
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We'll get there within a decade, or fail. In the meantime, part of the risks of Bitcoin speculation at this early stage are the personal costs to aquire Bitcoins. By the time that you can buy Bitcoin down at the coffee shop, Bitcoin will be mainstream and likely very stable. the potential profits from currency appreciation will have been realized already. It may seem to some of the newer people here that you have missed out on the early gains, but the reality is that you are an early adopter.
Agreed. Sometimes I really wish I had been here to buy Laszlo that 10,000BTC pizza though. |
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Also, is it common to use multiple wallet files? It seems like as long as I can keep them in folders labeled properly, it would be a good idea and would keep me from losing everything all at once if something bad did happen to one of the wallets.
I think I'm almost ready to start trading bitcoins now. I'm really excited about it.
I have a "savings" account in a separate place (places now) from my frequently used "spending" wallet |
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What I'm wondering is ... is it fair since Bitcoin was much easier to generate earlier?
Nothing in life is fair The distribution of the bitcoins doesn't matter that much. Though it scares me a bit too how many of them are already around, sitting idle. Someone could get the idea of selling them and ruin everything. Maybe they'd even sell them to me! At a very low price! The horror  |
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