Bump! SOLD one ticket yesterday! I'm a bit confused about the block chain thingy! The recieve address is: http://blockexplorer.com/address/18FcBMdbaWoPbiKSYtYNJPqGymfL2uzorKOn that page, It says Recieved 0.01 From/To 2x my address Then recieved again 0.005 to make the balance in the lottery at 0.015 But the second transaction has 2 DIFFERENT addresses in From/To Which one do I send the winnings to if the lottery is won?? Both addresses are from the sender. It's just that the first address had only part of the 0.005 coins to it, hence the use of the second address to send more coins. It's perfectly okay to send to either. |
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Any reps and references? Also, a loan for almost 4 months doesn't seem quite too feasible for me, especially for one that is pegged to fiat.
I don't have any reps nor references in this forum, as far as i know  I have references from my local forum in case if you're interested. I usually buy and sell computer parts over there. Most of the deals are done via COD. At least when I am selling something as I don't prefer sending an item via courier. However, if the loaner wants, he could send the funds directly to my paypal account which is linked directly to my bank account. Perhaps as a security measure? If not, perhaps there are others ways for me to prove myself? I agree with the 4 months part, but i'll try. Until then i'll run my card on the 700W psu. In lowyat.net? If I search it correctly, your previous seedbox service is MyP2PCafe right? Note that XFX is a bad PSU manufacturer, and the chances of failure after running 24/7 is absurdly high. I would recommend something more robust like Corsair or Antec for bitcoin mining. |
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Any reps and references? Also, a loan for almost 4 months doesn't seem quite too feasible for me, especially for one that is pegged to fiat.
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He has yet to purchase the pc from me. I was told he would be doing it today but my last few messages have gone unanswered. He was active online earlier today so lets see whats going on.
Please note that this loan was in result to me offering to sell him my desktop in response to his ad for buying computer gaming hardware. If this was a scam, he could have easily not spent as much time figuring out what hardware he wanted in the pc, and the replies of messages over the deal.
Sorry but I decided that after hours of research that your build was not what I was hoping for and didn't want to offend you and went with my own build that was ~800$ that was far superior. Thanks Then is the lent money returned to the lenders? Well, this loan is originally about borrowing to buy shakaru's pc... not yet , but to be fair he has all day today to do it. Yep, just asking if the sum is returned or continued to be lent for the new pc. |
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Litecoin on the other hand emphasizes on the use of CPU mining by the implementation of Scrypt. Scrypt uses the low latency cache memory of CPU's to provide greater hashing speeds on CPUs in comparison to GPUs (which we use for Bitcoin mining). The developers meant Litecoin to supplement Bitcoins as 'silver mis meant to supplement gold'. Read :https://bitcointalk.org/index.php?topic=47417.0
Bitcoin is Bitcoin's silver. If you think about the fundamental reasons why gold, silver, copper coins co-existed you will realize there is no merit for Litecoin & Bitcoin co-existence. Bitcoin may be replaced but it will be REPLACED it won't co-exist with other variants in any significant fashion. Yep, I agree with what you say. I'm merely quoting Litecoin's views (see the quotation marks  ). Hence, I only have one currency apart from fiat on hand. |
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He has yet to purchase the pc from me. I was told he would be doing it today but my last few messages have gone unanswered. He was active online earlier today so lets see whats going on.
Please note that this loan was in result to me offering to sell him my desktop in response to his ad for buying computer gaming hardware. If this was a scam, he could have easily not spent as much time figuring out what hardware he wanted in the pc, and the replies of messages over the deal.
Sorry but I decided that after hours of research that your build was not what I was hoping for and didn't want to offend you and went with my own build that was ~800$ that was far superior. Thanks Then is the lent money returned to the lenders? Well, this loan is originally about borrowing to buy shakaru's pc... |
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I hereby certify that chungenhung borrowed BTC 100 on 2012/01/03,
and paid back the full principal and interests on 2012/02/02
Witnessed. Seconded. |
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I'm building up a reputation currently, I'm sure that in a few months my ad space will be worth much more than 2 BTC.
Also, I'm negotiable.
Then you need to sell your sig then, not now. |
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I like the idea of BitCoin. I've liked it since the day I first started researching it, though I started off with the mind set that it was likely a scam, but it became rapidly obvious that it was an actual attempt to make a useful, open source, decentralised online currency. One I immediately recocnised as geo-politically independent and a real solution to some of today's most gruesome ills. So I put on my miner's hat and got to work.
I have been watching the rise of Litecoin and Solidcoin with some trepidation: so many good projects have been destroyed by forking source code and a divided community. At the same time, Solidcoin make some VERY strong suggestions and accusations about recent changes in the BitCoin team, even to the point of accusing Gavin Andreson of supporting efforts for the Banks to take over the operation of BitCoin and of colluding with the FBI and CIA to undermine the privacy of the system. They also accuse the development team in general of allowing the code to stagnate, something I have to agree with as it seems the protocol isn't been evolved to keep up with the needs of the network (the focus seems to be on developing the API for e-commerce), especially in regards to security, though I am no code monkey so I could be wrong.
So, my question is this: what does everyone think? Are SolidCoin just a bunch of dirty splitters or are their concerns legitimate? Is solidCoin the scam I though BitCoin was? And WTF is LiteCoin and why do we need it when the main currency has mBTC and uBTC?
Thoughts?
outsidefactor
I've no comment for the other parts, but I just want to point out that Bitcoin security is still miles ahead of current security protocols. Gavin and the team have constantly included updates to the network, like with the recent planning of BIP 16/22. The only weak link in Bitcoin is the human factor. If you leave your wallet unprotected, that's your fault if your coins went missing. Kind of fair I think as in meatspace you get that if you leave your wallet in the public For the solidcoin part, it is basically a ripoff (with coinhunter even going as far as to remove the MIT license Bitcoin included) of Bitcoin from what I've seen, with 13 M of premined coins, and a closed system. That is, if CoinHunter decides to screw the network, he could as he holds the dev private keys. It's like placing all of our trust in him if we decide so. Hence, I for one think solidcoins is only one of those scammycoins derivative, albeit a more developed one. Go read those threads in the alt coins section and decide for yourself. Litecoin on the other hand emphasizes on the use of CPU mining by the implementation of Scrypt. Scrypt uses the low latency cache memory of CPU's to provide greater hashing speeds on CPUs in comparison to GPUs (which we use for Bitcoin mining). The developers meant Litecoin to supplement Bitcoins as 'silver mis meant to supplement gold'. Read :https://bitcointalk.org/index.php?topic=47417.0 |
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Only problem is cashing in/out from bitcoin
Or taking out half of what you've put in. With such price fluctuation, Bitcoin is far from being ready as a store of value. If they want to transfer the money across borders in a relatively short time, bitcoin could suffice IMHO. |
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I will do it for 110. Is that agreeable?
Aww burt you beat me again! |
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Lets look at the two scenarios shall we?
Pool bad, people are free to leave the pool. Plus P2Pool is gaining ground so this issue is diminishing not growing.
Enforcer node bad, people are free to make forum posts about how they are trapped in a cryptocurrency controlled by one guy. There's no difference to rogue trust nodes than Bitcoins rogue pools or rogue miners, except a rogue SC trust node CANNOT DOUBLE SPEED. The other difference is that to be a trust node you need a lot of investment in SolidCoins, to be a pool operator you need to pay $50 a month. The current people with trust nodes have invested a lot into SolidCoin, whether time, money, development, etc. Several splinter groups have split off the forums and made their own place to discuss cryptocurrencies (yourself included).
Gavin can't shut down bitcoin with the alert key. He can only suggest that the network be shutdown by using the alert key. Furthermore I have just modded a bitcoin clone that completely ignores alerts. Gavin is now powerless to stop me with alerts. Welcome to free software. Haha you really are bitter about how SolidCoin is more secure. Firstly why would I want to "shut down SolidCoin" ? I created it and I want it to prosper because it solves many problems facing the human species. You already shut it down once. It will probably be the same reason as before, a broken protocol due to poor design choices. "But they can just take out one guy" . Firstly the keys are encrypted, the trust node ones in operation may not be but they don't know where the trust nodes are and who is running them. It's not just me. And to capture me , torture me, threaten me, to get the keys and locations is way beyond buying some hardware online. Secondly I have a layer between who they will think is "me" and the real me, I will have a small amount of time upon which I realize I am in danger and take precautions (ie get the F out of dodge). My hope is the NPO is running this risk soon instead of me though, don't get me wrong. It is so much harder to "order a hit" and torture someone than it is to just spend fiat money they have created out of thin air and buy some GPUs/FPGA. If you can't understand that then there is nothing more to say. Keep living in your delusion where a little bit of money created out of thin air can't just collapse Bitcoin in a minute. Nobody said anything about capture and torture. Someone can just lift the keys off your computer, and *poof* your whole cryptocurrency dies. Oh, and all we have is your word that anyone other than you has control of an enforcer node. Again, it all comes back to just trusting some random dude on the internet. Bitcoin is rooted in mathematics, Solidcoin is rooted in the paranoia of a damaged mind. I prefer math. One of the most revolutionary feature of Bitcoin is being decentralized and taking down the nodes in one country would only have a minimal inpact in other places. Under SC, there's this inherent problem of you dying suddenly and leaving your cryptocurrency to a certain death. What do you have to make us believe in you such as to base a whole currency after you? |
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They obviously never heard of bitcoin . Encrypted Wallet in dropbox or pendrive would suffice lol. Only problem is cashing in/out from bitcoin |
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You should state your drawing method. I'd suggest you take a look around at other lotteries offered here to see how they do it.
Just going to list tickets in excel and use this ( http://support.microsoft.com/kb/214090) example to sort the tickets randomly The top ticket wins I think you should offer more transparency as people would want concise evidence like using the hashes of the xxth block and so to match up with their transaction hash. One example of a lotto using such a way :http://www.bitlotto.com/details.html Good luck! |
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Minimum for no mandatory tx fee is 0.01. Also you may want to look at maybe something larger like 0.05. Honestly you are unlikely to sell that many tickets initially and awarding a jackpot of 0.21 BTC is kinda underwhelming. Not unnecessarily so. The min tx fees for the newer clients are at 0.0005, however its the minimum. It might go up if the network thinks you're trying to spam though. @DMetcalfe92 I think you need to increase the fees - either to a minimum of 0.01 or more to attract more people as the jackpot is a tad bit low. |
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@hushmail.com, that's a sure shady sign for me  |
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You should state your drawing method. I'd suggest you take a look around at other lotteries offered here to see how they do it.
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Yep of sorts. See :https://en.bitcoin.it/wiki/Transaction_fees
However at this rate, (I've tried once) the transaction might be out for as long as a week, and there's still no guarantees that it might be processed at all.
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The transaction fee would vary depending on the network - correct me if I'm wrong here. Also,only the senders are subject to the transaction fee, and they can circumvent the transaction fee by using a modded version of the bitcoin client. However, this would make the transaction be queued so long as most miners wouldn't include them in their blocks without a fee.
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My question is, Would you play it?
Not unless you can convince me it's not a scam  Well: 1. There's a transaction log (incoming payments & rewards) 2. It's so cheap at 0.005 BTC per ticket, I'm hoping a few people will just give it a try, and i'd get myself some good positive recognition on the forum! At 0.005 I think there'll be a transaction fee, hence bringing the total cost to more. |
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