Couldn't you just force the second one to connect to the other via localhost, and benefit from the first one's connections?
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How is "success" defined for this wager?
10,000 people using it. Media coverage said or perhaps estimate. So if the NYT's runs an op-ed about bitcoin and the author estimates more than 10K people using it at any given time period, you when? How could you lose, is there a time limit? Does the Mayberry Register qualify, or TheBlaze.com? I could esimate that more than 10K people have used bitcoins for something since Jan 2009 right now.
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I made a 500 dollars bet on the success of the bitcoin economy.
How is "success" defined for this wager?
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I suspect that Satoshi started with an initial per-block reward of 50 BTC which cuts in half every 4 years (210,000 blocks). The consequence was 21 million coins over time.
210,000 is an equally strange number, other than being exactly 1% of 21 million. No. The number comes from the combinations of the initial block reward (50 coins), the target blocks per hour (6) and the halving period (4 years). There will be 10.5 million created in the first four year period, and then the reward will be halved while all other metrics remain the same. As the reward continues to half again with each four year period, the total number of coins issued will trend toward the mathmatical limit (as in a logrithmic) of 21 million. The numbers that define the outcomes are the initial reward, the target block interval, and the halving term. All of these were design decisions that resulted in the outcome of 21 million, not the other way around. The interval could have been 9 minutes, or 12, or anything; same with the halving period or the initial reward. The interval needs to occur quick enough to verify transactions within a rational amount of time, and be long enough for a huge future bitcoin network to propagate transactions and blocks without significant latency issues; but why 10 minutes and not 6 or 15? Mostly it was an arbitrary design decision, and 6 or 15 or 525 seconds or anything else would have worked. The same is true for the initial block reward, why a round decimal and not a round binary, such as 64 or 128? Why 50 and not 100? Why an even four years and not 3, 5 or a moving term? (i.e. why half only the reward? why not two-thirds of the reward and two-thirds of the halving term? too complex?) In the end, someone had to make decisions before this all began, and their merits are arguable, but in the end they are still arbitrary.
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I don't see any reason why a similar cryptocurrency, or even another blockchain (am I talking out of my ass here?) couldn't compete against the current Bitcoin blockchain. Back before legal tender laws and the creation of the central bank, private mints were in competition with each other. Perhaps another system has some features Bitcoin doesn't, or for whatever reason gains hold of a niche. This is not a bad thing in any case. Especially if any competing currencies have decentralized transactions and non reversibility like Bitcoin, trading would be extremely simple. Perhaps even completely transparent. They could easily exist side by side.
Unless the inventor is yet another Satoshi, bitcoin is going to win by pure momentum. Indeed. The first-to-market advantage is a tough one to overcome. Betamax was certainly superior to VHS, but not by a large enough of a margin to matter.
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There is an android app on the market that is intended to track the spot price on MtGox.com. It downloads & installs just fine on my Samsung Intercept, but it will not run on it. It may be because the in Intercept has a non-standard screen resolution, but beyond that I couldn't guess. Was this developed by a forum member?
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This request is functionally identical to my previous request for an 'export to file/import from file function', except mine included transaction data as well. I don't understand why this is such a difficult thing to implement, since GnuPrivacyGuard can import and export public and/or private keys to files, which I can then attach to emails if I desire. Granted, this is extremely dangerous with private keys; but it's going to happen anyway.
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I voted yes, but am particularly interested in the modern geek on the streets angle. What tricks do you use to gain Internet access? How do you keep your devices charged?(mintyboost?) Are there any apps that are particularly helpful? These kinds of things. Yes, I would be willing to contribute a small sum in bitcoins for useful information; but I'm looking for info, not storytelling.
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I think the whole deal took less than ten minutes,not counting lead time, but part of that is because I don't know how long till I noticed I had a PM. I would have slowed it down if I didn't already trust my counterparty's prior rep, but not by much since I could see the deposit in under a minute anyway.
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I'm thinking that this would be a cool idea for in-person exchanges of bitcoin for cash. Does anyone know of a source for cheap, low-capacity USB drives?
You can get craploads of 128 meg drives on ebay, cheaper by the dozen, but tere is no safe way for the receiver to know that the disk contains the info that you claim it does without actually plugging it in to his own computer to look at it.
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It's a bit of both. Think of it as several conspiracies all competing for similar, but conflicting, end goals. And don't forget that there are several such multi-generational conspiracies that are open (not secretive) about their end goals. The Muslim Brotherhood is one such conspiracy that has taken on much activity as of late, as their stated long term goal is the establishment of the 'Califate', basicly an Islamic empire worldwide.
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Oh God. Hipsters playing with fusion. We're doomed. Have a bitcoin. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Playing? I've witnessed tabletop fusion first hand. I know it works. I also know that the trick is getting over parity energy out, other than just added heat. Heat alone is useful, if someone where trying to heat a home beyond the arctic circle, but the tabletops emit beta, gamma and some nutronic radiation; so they are not something you just set up in one corner of the basement and let run. And H2 isn't easy to come by, either.
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1. Load a usb drive containing a file with username and password to a mybitcoin account containing bitcoins. 2. List on ebay for the price of the drive + the price of the bitcoins. 3.Have proof you posted and it was received by customers. 4. $profit ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Is this a pipe dream ? lol What's the point?
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This offer is no longer available.
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I have 100 bitcoins, and need $85 into my paypal account soon. Any takers?
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There will be some centralization, but what you really fear is a de facto monopoly. This is, for all practical purposes, impossible. The size of the blocks is irrelevant, since the only part of the block that is permanent is the 80 byte header. The rest can be purged eventually, after the transactions have been referenced.
Perhaps I've not followed the block idea correctly. Where are the transaction stored? If I send someone a bitcoin, it's history has to be recorded someplace to verify that it was not created out of thin air. (Ha... I just realized that they are created out of thin air...) Zerbie Transactions are stored within a block in a merkle hash tree, so the block can be pruned of long spent transactions and still be verified as being authentic by it's merckle root hash within the block header. It only takes a dozen or so kept history to be certain that a transaction is real.
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The reason I'm thinking about it now, is because I would like to see bitcoin stay as decentralized as possible. If it is left till later, then there are two undesirable outcomes:
1. Big corporations step in and take the role of bitcoin managers. 2. With the centralization of the currency, it is then easy for government agencies to step in and regulate.
This is one of the reasons I would like to see the block size limited to 2-4k. With something so small, the chain can exist on a 500GB HD for 2000 years and reasonably downloadable for 46 years (assuming 10GB download in a day). This keeps it within reach of the small operator who wants to compete with the big banks. If we want to see the currency traded freely for many years into the future, we need to look at (and solve) the problems now.
There will be some centralization, but what you really fear is a de facto monopoly. This is, for all practical purposes, impossible. The size of the blocks is irrelevant, since the only part of the block that is permanent is the 80 byte header. The rest can be purged eventually, after the transactions have been referenced.
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If the library doesn't have it, request it through inter-library loan.
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Campaigns can't accept anonymous donations due to campaign laws.
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I've already suggested even simplier, by recommending Whatever Happened to Penny Candy from the Uncle Eric series, which is also based on praxeology, but no one would bite.
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