Our use-case isn't every biped on the planet, its those that have some value to transmit in the first place. Amazonian jungle tribes and outback maori tribesmen need not apply -- nor do they give two shits.
Missed these specs in the white paper. Are they between the lines somewhere? |
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For the next week, I'll be having fun in the Alps and will be trying to not break my legs - or neck. I leave you with the LBC ... unattended, so I hope the pool will not be completely dead when I return.  Managed to push out a stats update with a graph showing the 24h pool speed average (if you look at the X-axis right to left, thats like 0 = [now, -24h] -1 = [-24h, -48h] etc.) So if you will not hear anything from me for the next 168hours, do not worry, I probably haven't been murdered yet. Rico How is this luxury trip being financed? Perhaps a sudden windfall of BTC? Whose BTC? How obtained? |
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You can throw that premise out the window with Craig Wright Jr.'s bath water given that if I've done the math correctly, currently, bitcoins can be subdivided to eight decimal places, viz. 0.00000001, but in the future could be coded to nine decimal places - 0.000000001 - thus ten times more units negating "a stable supply". Similarly, ten decimal places, eleven, twelve, etc., depending on worldwide demand.
That said, this latest revelation is fucking with me and Vlad. Somebody get me an apple.
Sorry, Gleb. The supply is only increased when a block subsidy is generated in a coinbase transaction, currently 12.5 BTC every 10 minutes (on average). Whether that 12.5 BTC comes in the form of 1.25 billion sats or in the form of 12.5 billion Gleb-sats (tenths of a sat) is irrelevant to the amount of supply increase. Both represent 12.5 BTC. After the year 2120 or so (when the last BTC has been generated), the supply will never increase. Cutting a sat into ten little pieces (which is equivalent to selling something like "ten Gleb autographs for 1 sat") is not an increase in supply. |
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2) Segwit has been extensively tested on the testnet. If Litecoin adopts it, then that will be the next step.
Are LTC blocks full now? What is the motivation for LTC users/nodes/miners to adopt LTCSegwit? How will the LTC experience apply to BTC? |
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Hi,
I read a bit about this project at lbc.cryptoguru.org and (addressing anybody and everybody who is doing this) I have a few questions:
Should they stop, or just assert they stopped and continue in private? How do you propose this "stopping" be demonstrated, or enforced? My understanding is there are now several people who have the functional software. (Am I wrong? Can only thread OP actually test-for-success the work submitted by pool participants?) Also, while at least three people have expressed dismay at this public exercise, and urged, implicitly or otherwise, it's cessation - does anyone have the responsibility for seeking out persons (if any) engaged in an identical non-public effort? |
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Icebreaker is the last person I would expect to endorse a Peter R gif. |
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Hurry up! You must find something before bitcoin breaks $10000!
I think what this poster is trying to say is: "you should not be doing this so transparently. It would be better if you did this privately and clandestinely so that no one knew about this kind of activity" "the fact that collisions are computationally possible makes it a moral or ethical choice whether to investigate them or refrain from investigating them. My moral or ethical choices are different from yours, and superior to yours, and I am superior to you" "a search of my post history will reveal what interesting or impactful bitcoin projects I have worked on. Please perform this search to evaluate what functional value I bring to the bitcoin technical space" |
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It will only activate when 95% of the miners are signaling for a certain period of time.
Not accurate. It activates when 95% of the last 2016 blocks include a SEGWIT support signal. This does not require 95% miner support. It requires support from the miners who mined those 1916 blocks. This could be considerably fewer than 95% of all miners, and could be significantly less than 95% of all hashrate. There is luck involved in finding blocks. |
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Posting this here so a bunch of people with paid signatures can answer with short meaningless replies.
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Re GPU optimization and CUDA:
Wolf0 spent some time in the Monero thread in May-June 2014 optimizing GPU mining of Monero. Might be a source of magic beans for this project. Also DGA was doing a similar thing around the same time/subject.
As an aside, have you considered that the cosmological Big Bang was a result of people long ago searching for hash collisions, and found one? So maybe a helmet, safety glasses, etc.
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At an unspecified time in the future the following infinite sequence of consecutive block hashes will appear on the blockchain
0000000000000000000000000000000000000000000000000000000000000000
0000000000000000000000000000000000000000000000000000000000000000
0000000000000000000000000000000000000000000000000000000000000000
.
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0000000000000000000000000000000000000000000000000000000000000000
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It is unlikely that the Chinese government would be able to seize the Bitcoin contained in any of the Chinese exchanges because I believe that they have their cold storage private keys stored in various countries (and iirc, entire private keys are not stored in any one place -- at least for OKCoin).
The Chinese government might be able to effectively shut down the Chinese exchanges and make it very difficult for customers to withdraw if their employees and Chinese located servers are being held.
To answer your question I would give a guesstimate that each Chinese exchange hold hundreds of thousands Bitcoin if not a million plus Bitcoin (a million bitcoin is probably a little on the high side though)
What price freedom? |
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OmegaStarScream, many thanks for that info.
My first order estimate is a PBOC seizure of the top three exchanges would result in PBOC owning 25% of all BTC.
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How many total BTC are held by Huobi, OKCoin, and BTCC?
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Segwit's been out now, what, six weeks? And still 70% of block solvers are voting to keep block size at 1MB.
What a revelation.
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How do you get down off a ducknote?
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From a charts perspective clam is in a nice place to make a serious bullish push. Some good, fresh news would be nice to further push Clam in a bullish direction.
Dooglus is either Santa Claus or Satoshi. The news doesn't get any better than that. |
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Lots of drama, wailing and gnashing of teeth... getting a decent wallet out should completely solve this kind of stuff. Hang on! It's coming Soon!
Also, and this is just a suggestion but, when we release it for Windows somebody needs to drag out a copy of Installshield or Wise and create a standard setup file, this is pretty much the least that is generally expected in the Windows world.
I have to agree that it is about time a simple 'one click to set up', GUI wallet was available. $100 million market cap and no GUI wallet for new users to feel welcome? Yep, we're genuine and nice - not IPO types etc.... But a wallet is overdue. I struggled through the CLI method (with generous help from wonderful friends on here), but I do understand it looks like a pretty basic expectation is not being met for new holders who just want a wallet to put their coins in. I really hope that Soon™ means weeks now, not months. I'm not someone who knows anything, but a reader of these posts might conclude there is no GUI wallet for XMR. My understanding is there is more than one audited and working third party GUI wallet for XMR. |
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Satoshi wasn't bad as an inventor/developer/thinker - his problem was he didn't spend enough time on reddit arguing with moderators, critics, and supporters of alternate ideas.
If he came back today there'd be no place for him in Bitcoin Core - he'd want to spend his time improving the protocol, not playing around in the mud.
He left because he saw his own shortcomings.
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