Bitcoin Forum
July 07, 2024, 11:29:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 [324] 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 »
6461  Bitcoin / Bitcoin Discussion / Re: How to deal with DDOF attacks on bitcoin. on: August 31, 2010, 05:12:35 AM
I think that payment methods on the markets should be negotiated by the buyer and seller directly.

Payment providers vary a lot between countries, continents, and even languages. Having the market railroad everyone into using the payment methods they prefer is wrong. I mean, how exactly is that a free market?


Uh, you are already free to arrange whatever you want with whomever is willing. The fact that a site doesn't accept every form of payment, or even any form is not wrong.

The free market means that you are free to NOT associate with anyone you don't want to, not that site X has to facilitate your dealings no matter what. If you think there is some demand for a site that allows any type of payment then go for it. I can't even imagine what that would look like though.
6462  Economy / Marketplace / Re: BiddingPond.com discussion on: August 31, 2010, 04:50:06 AM
I really appreciate the work you are doing on BiddingPond, but I think that the design should be a more major consideration. The way that it looks makes me think more than twice about using the site. Even revamping the logo would make the site look more approachable. I know that you are doing a lot of things at the moment, but you might want to work on making a more neat website design for the future.

Agreed. I really appreciate all the work though.

One thing that might help is to make empty categories invisible to buyers. When you are selling you can put it wherever you want, maybe even make a new category. It just make it look really empty as it is now.
6463  Other / Off-topic / Re: ProPay on: August 31, 2010, 04:45:18 AM
Seems promising, reading the site now.
6464  Economy / Gambling / Re: Bitcoin Poker Room on: August 31, 2010, 04:39:15 AM
Cool. To be clear, I absolutely think you should rake it a little bit when it's good to go. You need money for advertising and promotion and eventually to get it on a good server or even two(?). But while it's in testing it's kind of silly. You'll want to know how to adjust in the future anyway.
6465  Economy / Gambling / Re: Bitcoin Poker Room on: August 31, 2010, 03:57:06 AM
Oh, that's much better.

Have you stopped the rake for now?
6466  Economy / Marketplace / Re: Mt. Gox craziness on: August 31, 2010, 03:55:41 AM
If the average price was .055 today, and it was probably higher since the bulk of offers were bunched up near the high end, then the 34k traded was worth about $1870USD.
6467  Economy / Marketplace / Re: Mt. Gox craziness on: August 31, 2010, 01:01:11 AM
I suppose one might try to reset market prices.

If so, apparently you need a lot more bitcoins than 30,000 to do so, apparently.

Maybe he was trying to drive down the price by selling to himself via a second account, hoping the new price would stick.  If so, he lost a good number of his own coins in the attempt, and failed to have a lasting effect.  I bet he won't try that again, although some other person might come up with the same idea later on.

Maybe, but he did sell a bunch to me at a great rate. So that isn't costless by any means. 
6468  Economy / Marketplace / Re: Mt. Gox craziness on: August 30, 2010, 11:46:22 PM
It wasn't neogold or whatever that guys name is. I thought it was fraud at first but it is actually someone with some trading strategy that I don't quite understand yet.

Hmm.  Well, then maybe I could still end up with some more once nenolod (?) checks his email; and whoever this guy was just really needed a grand in a hurry.  Maybe he was short for his mortgage.

He could have got ~10% more just by waiting a few hours. Stolen coins occurred to me, but he'd only be in a hurry if the theft was from you or someone you would take them back for, so I guess you (MtGox) would know.
6469  Economy / Marketplace / Re: Introducing: The Amazing Anonymous Bitcoin Lottery on: August 30, 2010, 08:28:15 PM

We/I don't mind if you take the bounty however often you need it.

Well, thank you Smiley But it's all a question of scale. for 2% to cover $20/month (~300BTC) then I'd need to take 75BTC from each weekly draw, which would only happen when we start getting 3750BTC bet pools in!

Of course I can dilute this by putting other services in the same server, but it's a psychological thing, I either see it as paying for itself or as a fun personal project I pay to keep. It's the latter for now, the future may change that.

Oh, wow, it'll be awhile before we get that size. Maybe take 5% out of the pool, 2% of a different nice site every time and 3% for you.

Or, take 10% of the excess above like 1000 for a jackpot. So 1200 -> 20; 2000 -> 100; 4000 -> 300

It wouldn't be as regular income, but psychologically it's the least painful place to take it. It's kind of a fallacy, but everyone seems to be happier when big winners do the paying.
6470  Economy / Marketplace / Re: Introducing: The Amazing Anonymous Bitcoin Lottery on: August 30, 2010, 08:14:33 PM
UPDATE: I bet. Then I realized that I could (and should) get total coverage for the last number in the block. Then I learned I can't rescind my bets.

Can I request either a 'full coverage' option, or else just a 'remove this bet' button? I think you had 'remove this bet' at one point.

I manually gave you your coins back, canceling the tickets. I'll make the coverage based betting soon, and you can then go ahead and bet again.


Also, seeding the lottery with 100 bets of your own is different than putting in a 100 BTC jackpot, by the way. : ). I think it will be more appealing to people if you take a cut, and seed, regardless of the underlying math.

Yep, it's quite different. But I don't want to be an active part on the lottery more than I need to be. It has to run on its own, or it is just too high maintenance. As such I seeded this one with 100 bets, with the promise (as before) that all gains will go right back to the lottery as new bets. But if I quit at any time, because I lost everything or whatever, I need to know all my work wasn't in vain :p

And I still need to find out how I'm going to get this to pay for its own server, but that's for later, when there's enough traffic to justify so.

We/I don't mind if you take the bounty however often you need it.
6471  Bitcoin / Bitcoin Discussion / Re: Something wrong for me? Over 10k blocks on: August 30, 2010, 08:09:03 PM
I started using this bitcoins program about 10 minutes ago, still Ive already got over 12000 blocks and 9 connections.

Is there something wrong for me?

Nothing wrong. You are downloading the blockchain from other nodes. There are 77095 right now. When you catch up you can start looking for new blocks with us. Don't get too excited though, all together we average about 6 an hour and there are thousands of computers working so it'll probably be a while until you get one. I've gotten 8 in about 8 weeks, but it is harder now than when I started, and I had 2 computers going for a while.

This is a great FAQ question.  Just a thought here....

Should there be something of a FAQ that is distributed with the client and can be accessed from the help menu option?  All I'm suggesting here is that the contents of the Wiki FAQ pages should be copied into the software and displayed, or at least it should open a browser page to the FAQ pages on the wiki.

That sounds like a good idea to me. Just the uncontroversial technical basics, no econ or social type questions.
6472  Economy / Marketplace / Re: Mt. Gox craziness on: August 30, 2010, 08:04:33 PM
Volume: 30,000 BTC.. Low price $.03x... It looks like somebody really wanted to sell some bitcoins.


This might have been my fault.  I sent that guy who tried to break the system back in April a solicitation for his remaining coins, since they were "worthless".  I wanted to see how he might respond to the new conditions, and if he actually sent me the coins, all the better.  Looks like he decided to attempt to break the system again.

[edit]  And it looks like all that he accomplished with his 30K bitcoins was to sell them at half price and move the market price for a short while.  He didn't send me any, that much I know.

Wow, cool. I'm so glad I had a lowball offer in. He didn't get to my really low one though. Is 30k really all he had?
6473  Bitcoin / Bitcoin Discussion / Re: How to deal with DDOF attacks on bitcoin. on: August 30, 2010, 08:19:31 AM
The fact the dollars can be yanked back so easily and that the resolution methods that you implicitly have to pay for to use, PayPal, CC, etc is a negative on them and not on bitcoin.

If I have a coin it is mine to give, finally and completely and quickly. If I have money on PayPal how do I convince someone that I am really giving it to them? Sure it shows up in their account, but I can pull it back for a week? 30 days? Longer? If I can't give it away finally it is worth less. Coins don't have this issue and that is part of their value.

Dollar on string, lol.
6474  Bitcoin / Bitcoin Discussion / Re: a new thought experiment: bitcoin's industry identifier on: August 30, 2010, 06:54:38 AM
There is a difference between not doing violence on people you disagree with and merely not hosting their content.

I won't hurt anyone, but if your poem is crap I'm not reciting it.
6475  Economy / Gambling / Re: Bitcoin Poker Room on: August 30, 2010, 03:26:25 AM
Sweet
6476  Bitcoin / Development & Technical Discussion / Re: Difficulty at 623.38695987 on: August 30, 2010, 12:45:21 AM
Looks like the difficulty took another big jump up, and since the average blocks-per-hour is still above 6, could the max difficulty adjustment rule been hit?  I know that the difficulty is limited to "a factor of four" but I don't know exactly what that means in practice, nor how that might be reflected in the adjustments.

Also, what does this mean for the size of the bitcoin network?  Can a relative number of 'average' cpu's be estimated from this data?

No, since we are increasing speed the speed at the end of the period is higher than the average power over the period which is what is used to determine the new difficulty. So even at the beggining of the new period we are faster than 6/hr by the difference of average and final speed of the last periodLook on the statistix page, we've been around 8 for over half a year, it's because we're increasing the whole time.
 
6477  Economy / Marketplace / Re: Introducing: The Amazing Anonymous Bitcoin Lottery on: August 30, 2010, 12:34:59 AM
Since we're back to 1 in 1048576 chance of winning the jackpot per ticket this is essentially always going to grow until you do a guarantee. So now you'd just have some lotteries that are a little -EV and some that are a little +EV, my buying will be something like 5, 5, 5, 5, 5, 1000. Which is fine with me, but I'll probably only get excited about 6 times a year or something.

I don't know how you are going to remove math skill without just making it -EV all the time by raking it hard. Well, someone could back it and the payout could be static. That's 4096BTC with 3 digit, 1BTC tickets. The backer takes substantial risk though and would porbably have to be paid. I'm not saying you should do this, I don't think that it's important to eliminate skill, we just need to find a way to not make it a raw deal to get the ball rolling.

Maybe you are onto something though, the only issue is the fact that 5 will only get hit once a decade if we buy 1000 tickets each time. Maybe keep it 3 digits and pay out every time in the 75-80% range? Roling over the rest. There will still be incentive to cover the board and lock in profit in the amount of the jackpot.

This is actually pretty hard to design. I'll keep thinking.
6478  Bitcoin / Bitcoin Discussion / Re: Something wrong for me? Over 10k blocks on: August 29, 2010, 08:06:38 PM
I started using this bitcoins program about 10 minutes ago, still Ive already got over 12000 blocks and 9 connections.

Is there something wrong for me?

Nothing wrong. You are downloading the blockchain from other nodes. There are 77095 right now. When you catch up you can start looking for new blocks with us. Don't get too excited though, all together we average about 6 an hour and there are thousands of computers working so it'll probably be a while until you get one. I've gotten 8 in about 8 weeks, but it is harder now than when I started, and I had 2 computers going for a while.
6479  Bitcoin / Development & Technical Discussion / Re: PortableBitcoin (wrapper) on: August 29, 2010, 01:42:49 PM
Nice! 10 bitcoins for you good sir!

One more step closer to running bitcoin on my mobile. Grin


I just bought a usb drive from here - https://www.ironkey.com/personal it has its own browser on the usb drive so I can now fully use bitcoin with military grade cryptographic protection . Smiley Now if someone tries to access my bitcoin 10 times with an incorrect password it wipes everything.....
   Cheesy


That seems overkill, is it not possible to lock it out for a week or something after 10 tries? It would be cool if you had multiple safe and it could send your coins on the Nth false pword then let the attacker in to see there are no coins. Eh, maybe bad if new coins were coming in.
6480  Bitcoin / Development & Technical Discussion / Re: Printing bitcoins : could it work? on: August 29, 2010, 10:23:21 AM
But it was too late, the employee had already taken 8 days worth of wages....

Printing bitcoins is not all that compelling an idea to me, but it surely isn't because employees will finally have found a way to steal from their employers.
Pages: « 1 ... 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 [324] 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!