Is all technical analysis a waste of time then?
Yes |
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Take a look at the big scheme of things. The price is well within the realms of fantastic growth. Bear in mind: it's Easter and $100 is a BIG psychological hurdle.  Those lines are pretty!!! $1 probably was an even bigger psychological hurdle. I think it's silly to draw lines on such a chart and expect that to convey something about the future. |
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Does change *have* to be sent to a different address from any of the inputs? I see nothing in the protocol that prohibits this. The reference client just happens to send change to a different address for some reason.
No change is not required to go to a different address. The client does this to preserve privacy of the user. Bitcoinspinner is an example of a one address wallet. I think users should remove coins and then get a new address every once and a while to preserve privacy. I would still keep a backup for fun. Imagine years from now inspecting all the old wallets and finding 0.01 BTC of a tip or mistake that was sent to you. That would be fun! |
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That is indeed a useful thing, but coin control is the wrong way to do it (which is what I've been getting at all along).
Automatically defragmenting wallets are something that has been discussed, at least on IRC, quite a few times. As long as miners are willing to bias their priority calculations towards transactions that reduce the size of the UTXO set it can make sense. Not only when you create new payments, but for example at night time if your wallet is open (or on an always-on device like an android).
My point about coin control is that whatever problem you're solving with it, you can usually see a better solution that works for more people.
I agree with you Mike that having a smart algorithm that consolidates dust while making payments would be the way to go for the average user. I personally have no complaint about the current situation as Armory does what I like. Heck, even blockchain.info has coin control, they just call it custom transactions. So the current situation is more than sufficient for my purpose. I wouldn't want to use a wallet that does consolidating transactions with out asking me and requiring a password. I think the defragmenting could be incorporated into the payments that are sent by normal use by the user. Such defragmenting may make the advantage of coin control not as great. Either way I still would want coin control and I have it. I really appreciate the hard work of all the developers. |
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Minding the walls.  Hey, stay on topic!!!  |
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For something like coin control, parts were merged already, but the GUI wasn't. Well, honestly, if I was maintaining a wallet (I'm not) I wouldn't merge it either. We should be trying to make Bitcoin easier to use and less nerdy, not exposing the guts of the protocol in the UI. Rather I'd want to figure out a list of what people are using the coin control gui for - find a list of use cases then encourage people to implement them in a more direct way. Is this a privacy thing? Is it an accounting thing? Both? Neither? There's probably a better way to solve those problems.
This post is intended to be factual, and answer for what people use coin control for. Yes it can help a privacy. But it can make micro-payments (dust) more profitable for the user. Say a user has 1.02 BTC at one address and .00012381 at another. When the user wants to pay .2 BTC to another a transaction can be made that draws both inputs and yields the .2 payment output and a .82012381 change output. This allows a user to merge micro-payments into spendable outputs. Do this several times and much BTC in fees could be saved making the .00012381 payment worthwhile. |
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Or maybe just:  Nice! |
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So... you're going to wait until the price is $100 so you can sell at $15? Brilliant  |
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Karl Denninger, writes on Bitcoin: I do not now and never will support Bitcoin or its offshoots, nor will I accept and transact in it in commerce. I prefer instead to effort toward political recognition of the duties that come with the privilege that is bestowed on a sovereign currency issuer in the hope of solving the underlying problem rather than sniveling in the corner trying to evade it.
I do not now and never will drive a car, nor will I accept a ride from someone driving a car. I prefer instead to effort toward equine recognition of the duties that come with the privilege that is bestowed on horse trainers in the hope of solving the underlying problems of horse travel rather than sniveling in the corner trying to evade it. |
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He's keeping 10% even if that is inconsistent with the argument.
Love it.
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I swear if one day the US does regulate bitcoin I really hope lawmakers don't say it is,"a series of tubes".
I hope they do. USC Section 12874 (1)a Anyone laying a bitcoin tube shall register their name the names of any children and their pets names at the central town hall meeting on the 15th day of May in the year they wish to lay the tube. Before such registration 5lbs of flour should be mailed to the president of the United States of America as tribute for bitcoin tube laying. |
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It's a great idea. It makes intuitive sense. Someone skilled in math could offer you better feedback than I can. Looking forward to some discussion among the tech and quant sides of the forum about how this could be implemented. Thanks!
I'm not sure what the benefit is. It would have huge spikes when very old coins are spent. We have the three graphs filtered by 1 week to 1 year that should do some of what the intention of scaled days destroyed should do. |
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I think it should just skip right to milliBTC (mBTC). Now, one mBTC is trading around 9.2 US cents. I think this is a fine trading unit.
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I like this one a lot. Simple but bold. First I thought this flag is too political, but then again most people don't know what it means. Then I thought it is fitting gold and black. Bitcoin is stateless after all, and used for trade and exchange. I do like it. If you wanted to be super subtle you could take the BTC off and just change the yellow to the yellow color that is often used with bitcoin, it's an almost orange. Here is the color  |
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Bowjob it doesn't show. You need to view page source to get the actual picture file. |
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Bla bla, nah! I left them a constructive comment about there being 0 inventors of Bitcoin available for interviews. Though I told them they could invite Gavin Andresen to the show, but I also linked to Jason Calacanis show interviewing Gavin: https://www.youtube.com/watch?v=TwNfBgwbqng "- Startups : Gavin Andresen and Amir Taaki, Bitcoin" And if Gavin has an ounce of sense, he'll pass. Yes, don't do it Gavin!! |
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5*2 = 10
I just had to get that off my chest. Thanks!!!
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Hi,
i will lose a whopping 50% of my money to transaction fees
Something you might want to try is send the btc to all the other addresses in one transaction. With this method your transaction will have approximately 1kB for every 5 outputs so if you wanted 100 1 mBTC papers this would be about 20 kB. I would include a fee of .0005X20 for this transaction. That is .01 BTC (.0105 to be safe) that reduces your 50% expenses to 10%. That's about the best you can do right now. edit: Oh and you could make the papers at the end of the game so that you could make a few 3 mBTC or 5 mBTC papers for no extra charge. |
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