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781  Other / Off-topic / Re: Post your Total time logged into Bitcointalk on: June 25, 2014, 02:28:42 AM
8 days, 9 hours and 9 minutes.

Looks like mine is the highest so far out of all the recent posts in this thread.
782  Other / Off-topic / Re: whats the deal with .orgs on: June 25, 2014, 01:23:55 AM
There are no rules for .org domains. Ever heard of 4chan? Same goes for .com, .info, .net, and a few others. There are rules for .gov and .edu domains and some country-specific domains require you to either be in that country or to be connected to that country in some way however.
783  Other / Off-topic / An idea for a peer-to-peer decentralized 0% "house" edge dice betting system on: June 25, 2014, 01:14:36 AM
While I was eating a cheeseburger yesterday, I had a bit of a eureka moment. Current dice sites have a house edge that makes them ultimately unprofitable if one plays long enough. They can also be shut down by authorities, hacked, or the site operater can run away with users' funds. But what about a decentralized peer-to-peer dice betting system? There would be no need for a house edge because there would be no "house". The total number of bitcoins in the system would stay the same although some players will emerge as winners and others as losers. Users would be playing against each other (i.e. for every winning bet there would be an equivalent losing bet) and the behavior of its participants could be enforced using some sort of protocol that rejects attempts to manipulate the system.

What do you think about this? It should be plausible at least in theory, no?
784  Bitcoin / Bitcoin Discussion / Re: what is the first question you would ask, if you met Satoshi Nakamoto? on: June 21, 2014, 05:34:08 PM
Why 21 million?
785  Other / Off-topic / Re: Blockchain and Human Immortality! on: June 21, 2014, 05:25:07 PM
Yes absolutely, the underlying achievement that humans have developed with bitcoin is that , digital content cannot be simply copied like other media can be copied.

By means of using blockchain technology and a decentralized verification system..

i think these are the most simplest form for people to understand.


Digital content can be copied, but Bitcoin is much more than that. Bitcoin is a decentralized network of computers that together maintain a commonly agreed ledger of all transactions. There are no bitcoins. Just a private key that allows you to modify this ledger by broadcasting a transaction. You can't "copy" a bitcoin because attempting to broadcast such invalid transactions would cause all the other computers in the network to immediately reject said transaction. This is also why a 51 percent attack is so disastrous. Because it allows for bitcoins to be double spent and for transactions to be reversed.

But you can copy data because pure data alone doesn't require the agreement of other parties. It is just a collection of 1's and 0's. Once you have the encryption key for that piece of data (assuming it is encrypted - if not then it would be much easier), there is nothing stopping you from copying it ad infinitum.

Not to mention that would be one heck of a huge blockchain. Grin

EDIT: Some minor rewording.
786  Bitcoin / Bitcoin Discussion / Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE on: June 21, 2014, 04:52:26 PM
I like this system. If Bitcoin manages to replace fiat, then 1 bit = $1 USD (circa 2014), a satoshi would be worth about a cent, and those who have one or more whole bitcoins will be millionaires or multimillionaires. Nice and simple.
787  Other / Beginners & Help / Re: How I made 0.3 for free in just a couple weeks. on: June 21, 2014, 03:27:26 PM
I branched out a found a few earn sites. The best of which I found was www.landofbitcoin.com
This site pays you in satoshis for entering captchas every 5 minutes, but how you actually earn is by waiting for videos to pop up. I enable sound notification so I don't have to stay on the page. Video pops up, I play it and leave the volume on low so I don't have to hear it. They pay 5000 satoshis per view, so it doesn't take much effort and you can earn probably 0.005 BTC a day with that system. On that website you will find other options such as bitvisitor.com which pays you for viewing web pages for 5 minutes at a time.

Umm... Are we thinking of the same site here? Last time I checked, Landofbitcoin.com was a faucet rotator for Microwallet.org. That one was actually one of the first faucet rotators I used before I started getting seriously into Bitcoin (and like you, realizing that faucets are mostly a waste of time and it is much better to just buy it with fiat instead Cheesy).
788  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero or Bytecoin? on: June 21, 2014, 02:39:41 PM
I like both and will probably be investing 50:50 into both. There's no denying that Bytecoin was there first and its devs are more familiar with the code than Monero's devs can ever hope to be, because they, ahem... wrote it. But I also like how Monero is less shady and more transparent and is starting afresh with a more inclusive community whereas Bytecoin has most of its coins mined and held by the early adopters in the deep web community that we don't know anything about. It could just be a small handful of people controlling 80 percent of the coin supply. This to me is the biggest reason why I'm not going 100 percent with Bytecoin because it means that everyone else is pretty much fighting over the twenty percent of the mineable coins that are still remaining plus if only a couple of the darknet whales decided to dump their coins, the value would surely drop.
789  Other / Beginners & Help / Re: Can we choose wallet address? on: June 21, 2014, 02:14:13 PM
I managed to generate 14money and 1norgan overnight. Anything longer starts to quite weeks and years. Also use -I on vanitygen so it doesn't worry about case as that adds quite a bit of time to find one.

I think it's about 58 times more for each character you add:

Quote from: stevegee58
Bitcoin addresses are Base 58 so every time you add a digit to the vanity part it multiplies the number of search permutations by 58.

So if those take overnight to generate then adding one more character would make it take about a month and another one on top of that would take about five years.

Yeah, that sounds about right from my experience, although I've found that some characters take less/more time to find than others.
790  Alternate cryptocurrencies / Altcoin Discussion / Re: Why I converted all my bitcoins to litecoins on: June 21, 2014, 01:48:54 PM
One word: Coinotron. Remember when it created a 51% scare in litecoin?

This. Litecoin is a good coin and a worthy addition to any crypto portfolio but it seems that OP has jumped for the wrong reason.
791  Other / Beginners & Help / Re: Martingale System on: June 21, 2014, 01:37:08 PM
I didn't know what Martingale was until I read about it and realized I was actually doing the exact same thing on Freebitco.in when I wanted to turn my balance into a nice round number just before withdrawing - e.g. having a balance of 29,980 satoshis and betting 20 satoshis to reach 30,000 satoshis. If I lose the bet, I would bet 40 satoshis, and so on until I won it all back plus the 20 satoshis. It worked well for me so far but I would definitely stop if I lost a large enough amount (fortunately that hasn't happened yet).

Martingale works semi-reliably if you have a very large balance and only bet very small amounts. But anything more than that and people tend to underestimate the frequency of losing streaks. The more bets you place in order to bring yourself to a reasonable profit, the more you're exposing yourself to encountering such a losing streak, and when that happens, you can easily blow away your entire balance - thus negating the strategy overall.

EDIT: Some rewording.
792  Other / Beginners & Help / What the heck is a mining motherboard? on: June 21, 2014, 01:14:06 PM
And how are they different from normal motherboards? Huh

I've noticed that they have lots of slots in them to put graphics cards in. Is this so that you can mine using multiple cards? Is that the only difference? And how do they compare to those who are using their gaming rigs to mine? Which one is better? Or could a mining motherboard also be used in a gaming rig?
793  Other / Beginners & Help / Re: Can we choose wallet address? on: June 21, 2014, 01:03:36 PM
Hi All,

I have seen many address include their brand name.
Can you choose wallet address for blockchain?
Or can we change it?

If you want to change the address you have on blockchain.info you need to import a specific private key. There is a tool called vanitygen, as has been suggested, that can generate the private key to a specific address. Keep in mind however that this might take a while. 1blasomething is easy 1IwantThisAddresssomething will most likely not be found while you are alive.

Even generating 1b1asomething isn't easy. It would take my computer 8.8*10^11 years at 50 Kkey/s per second to generate that. The rise in difficulty per additional character is exponential so 1b1a would be easy (a minute or two at most), 1b1aso would be moderately difficult (a couple of hours to a day or two), and 1b1asome would be very difficult (a couple of years to a decade or two).
794  Other / Beginners & Help / Re: Mining Bitcoins with old rigs on: June 21, 2014, 12:51:28 PM
With that setup, the amount of bitcoins you would mine would not make it worthwhile. People use ASICs to mine bitcoins. The age of CPU and GPU mining is over. You could try mining scrypt coins like Litecoin if you had a good graphics card but you say that yours is integrated so that's no good. Perhaps CPU coins could be mined with the processor since the one you've got seems average at least. These could then be traded for Bitcoins via an altcoin exchange like Cryptsy.

Or you could buy hashes from a cloud mining provider like CEX.IO or PB Mining. But these mining contracts aren't profitable unless you are interested in trading them. And you'll need BTC to buy them too, i.e. from another place like Coinbase or LocalBitcoins.com.
795  Other / Meta / Re: warning PM from someone asking you to download a game on: June 19, 2014, 10:03:35 AM
Yup, I received it too. I went back to check today and now it's gone so theymos or one of the admins/mods must have deleted them all. It was probably a wallet stealer. I hope nobody actually got scammed.
796  Bitcoin / Bitcoin Discussion / Why is China so important for Bitcoin? on: June 19, 2014, 09:43:26 AM
The Chinese have their own online ecosystem that is mostly separate from the rest of the world. Google, Twitter, YouTube, and Facebook aren't very popular in China and the Chinese people seem to prefer their own homegrown alternatives like Baidu instead of Google or Weibo instead of Twitter, etc. So how did Bitcoin buck this trend to become popular in China? I'm guessing it must be very popular there because China seems to be very important for Bitcoin. After all, why else would prices drop whenever news come out about their government regulating Bitcoin?
797  Other / Off-topic / Re: must visit sites on: June 19, 2014, 09:15:02 AM
Trying to copy an old idea I see. Some guy actually made a million with a site like this, hahaha...

Yup:

http://en.wikipedia.org/wiki/The_Million_Dollar_Homepage
798  Bitcoin / Bitcoin Discussion / Re: Very Early Adopters on: June 19, 2014, 08:41:45 AM
friend told me about it in 2011 I shrugged it off as eeeh whats the point.
friend did not become rich.. so feel a little better about that heh :p
but yeah if only I had listenened.

I do know people who bought 10,000's for like next to nothing... depresses me each day it was not me.

You signed up in April 2012. Back then, 1 BTC was like what? $5? You're still an early adopter.
799  Bitcoin / Bitcoin Discussion / Re: Very Early Adopters on: June 19, 2014, 01:54:53 AM
i'm not an early adopter.. though i did know about bitcoin in 2011 and was interested. such a shame that i didn't do anything about it until 2013, but that was all on me.

Same here, except I bought my first fraction of a bitcoin in early 2014. I even signed up with Mt. Gox back in 2011 but never did anything with it.
800  Economy / Scam Accusations / Re: bitmixer.info is a scam... warning.. on: June 19, 2014, 12:38:59 AM
I just had a look at Bitmixer.info and the site looks very professional and well made. Not the kind of site I would associate with a scam. It's amazing how sophisticated some scammers are.
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