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I've put in a buy order on cryptonit.net for 50,000 FRC for 1,000 LTC.
If anyone wants to trade with me please do sign up and we can trade via the exchange.
I'm not confident enough yet with cryptocoins to trust a straight swap out in the wilderness.
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[...] 2. Forks shouldn't matter as this information is purely informational for the benefit of bitcoin... or at least, I don't understand how a fork could cause a problem. [...]
I know this is still early days but what if the bitcoin and litecoin chains both forked around the same time? Hypothetically could you end up with two sets of orphaned data on different chains; where the litecoin chain preferred by married miners that is logging the bitcoin chain that is not being attacked itself becomes an orphan chain. Could this be a form of attack against this proposed married mining redundancy? If this a genuine problem could it be fixed by the bitcoin chain reciprocally logging the litecoin chain. (This seems very over engineered). |
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I think we need a namecoin fork, some parameters need tweaking
+1 I'm keen for people to actually start using them. Think of all the possible applications... |
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mumung: You can store and trade NMC at Vircurex. If you use my code below to sign up you will get discounts on your trades for a year and I will get a % of each trade you make for a year: https://vircurex.com/welcome/index?referral_id=179-4876At the moment they are trading at 0.1% exchange fees until the end of April (half the price of BTC-E) and even less with the above code. I'm not sure of Vircurex's security procedures currently but I intend to find out shortly. |
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I guess that comes down to if the majority are in favour a voting system of proportional representation or first past the post... if you get my meaning...
I personally like the idea though. Can anyone think of ways we could make the implementation even simpler whilst maintaining similar functionality?
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So if I've got this right your suggesting another axis of selection for bitcoin branches above the >50% hash rate? And that selection factor would be the ability for litecoin mining clients on the litecoin chain to vote which one they favoured; where hopefully litecoin could not suffer from a >50% exploit at the same time as it uses a different hashing algorithm to bitcoin?
I'd definitely buy physical litecoins off of you too mike!
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Make sure your browser is accepting all cookies for the site. If your browser setting is "block cookies", or "accept only for session", the site has no way of tracking who you are as you navigate.
Try without Tor or something that could interfere with a persistent connection.
Thanks, none of that from what I can see. I've even tried other browsers and on other machines and I still get the same error. |
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It potentially false emails like the one quoted that highlight the need for more direct communication from a developer. Use PGP + Tor and only visit the forums once a month if you must  Its our opinion this email is a steaming pile of bullshit with stink lines wafting up and flies buzzing around it. +1 We all need to be using PGP keys more to avoid issues like this in future. |
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Bitcoin is designed to deflate over time, which I suppose is fine if it's a small and predictable amount. I understand the incentive this creates to adopt the currency, but it seems to be attracting a very large crowd of speculators that wish to use the currency as an investment vehicle instead of a liquid and stable medium of exchange, which causes the price of Bitcoins to rise VERY quickly, and then drop back down. But even without the drop, it still seems like a problem to me. Even if the recent price explosion had continued for years, wouldn't this amount of rapid value increase prevent people from effectively using Bitcoins as real money? It prevents people from: - listing prices in Bitcoins
- agreeing to regular payments in Bitcoins
- effectively loaning or borrowing money in Bitcoins
- buying large purchases with Bitcoins, as they're strongly incentivized to keep the Bitcoins (Why buy a car when you could buy 2 next month?)
As an investment, volatile prices can make some smart individuals a lot of money. As a currency, volatile "prices" defeat one of the purposes of money, which is supposed to be a stable measure of value. So, what steps could be taken to minimize peoples' speculation of Bitcoins, and instead make people use them as actual money? I've not seen any direct evidence of a true deflationary economic situation (please fill me in if you know of one). In the instance you claim you can buy 2 cars next months is very unlikely to occur, unless you bought into BTC early, and are hence being payed off for your risk, you are more likely looking at "buy one car now or two in ten years time". I know which I would prefer. |
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I can confirm that the email was terracoin dev's, I have communicated with him before on that email.
Surely it's easy to spoof an email by SMTP, the header file would provide better info. Did you interrogate that? |
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Can someone explain to me what a share is in Litecoin mining? Or if you could point me at a list of definitions that would be very handy.
Because on my rigs if I put the thread concurrency down the hashrate goes down and share rate goes up?
Many thanks.
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If I put the thread concurrency down the hashrate goes down and share rate goes up?
Anyone?
Does it mean we are being allocated smaller blocks perhaps?
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Found this: - https://en.bitcoin.it/wiki/Tax_compliance - https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businessesBut I don't see answer there. Let's say I have an VAT business. I sold a laptop for 100 BTC. How do I put it in accounting? It's easy even with paypal, but how can I do it using BTC? I am worried about accounting. If it's possible:
Can you show me SINGLE UK VAT BUSINESS WHICH IS SELLING GOOD FOR BTC? - and I don't mean company registered in costarica, any cheats etc. Just simple accounting for uk seller trading goods for btc And - CAN YOU SHOW ME EXAMPLE OF VAT INVOICE USING BTC CURRENCY? IS THERE ANY EUROPEAN COMPANY WHICH DOES SUCH INVOICES?Please mind I don't want any legal cheats. This UK developer has been accepting bitcoin for a while now: missing-ink.com |
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What is a share in pooled mining?
I seem to get more of them at lower hashrates.
Does more of them mean you are mining faster/more efficiently?
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Done, but with Vircurex's fees it's not very much. hope you two can put it to good use though...
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Lets hope so. Was just in the middle of doing a load of transfers.
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Is MTGOX down for anyone else ... again?
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