What a great idea, we could ask Soros or the Rothschilds to look after the master block for us.
|
|
|
Regardless of bitcointalk rules, I think this a bad plan from a commercial perspective. It's far better to list all your names for sale on a site, and link to it in your signature. If you don't have hosting, then you can use Google spreadsheets, and link to that. I've done this, and it's an effective way to have a dynamic listing facility.
|
|
|
I'd love to, but right at the moment I'm mega-stressed about Brexit, and the weak politicians who are trying to massage it. I'm trying to sort out some videos, and I've been given hosting for a radio station.
My vision is that Bitcoin becomes the "central bank" of crypto-currencies, and that minor transactions are moved onto sidechains or other cryptos. Bitcoin could then become a store of wealth, and it could be used for house purchases and other big ticket items.
|
|
|
I'm using a fairly cheap mid-range notebook computer, and it has 2Tb of hard disk as standard. I've also got an SSD for the Ubuntu machine, and that is handling the blockchain with no problems.
In fact, storage isn't a problem, and I haven't even bothered to try running a pruned node. Maybe I should do this on the Ubuntu machine.
|
|
|
My interest in this is that I feel that a 10 minute average block generation time is inherently flawed on the modern internet. At some stage in the future, Bitcoin will have to reduce this imho. I suspect it would be easier to do this now, than to try to change things when the network and use has expanded. I believe Bitcoin will continue to grow, and needs to consider this in more fundamental ways than creating larger slow trucks when faster vehicles are needed to speed up deliveries.
|
|
|
To reduce the time interval, you would have to reduce the difficulty as I understand it. Surely with a reduced difficulty, there would be fewer aborted searches.
Reducing the difficulty does not reduce the number of hashes computed per minute. It just reduces the average number of hashes per block. If you reduced the difficulty enough for an average of 5 minutes between blocks, you would need half as many hashes per block, but you'd generate twice as many blocks per day. The end result is just as many "aborted searches". Ah! Thanks, I can see that. So if the blocks were generated faster, but were not as full, would we be worse off in respect of the aborted block generations?
|
|
|
Come on guys - we all know that it's Soros and the Rothschilds who control everything to do with money.
|
|
|
To reduce the time interval, you would have to reduce the difficulty as I understand it. Surely with a reduced difficulty, there would be fewer aborted searches.
|
|
|
I prefer to host my own images. That way you can pick up a bit of traffic if you are lucky.
|
|
|
would it be possible to combine it with another radical change - reduce the blocksize to 500Kb, and the generatiion interval to one minute.
Lowering the time increases the wasted work, both with more overhead in blocks and in more orphaned blocks. But would it decrease the number of aborted block searches, and the mempool processing overheads?
|
|
|
I thought it was called Bitcoin and not "clog up our blockchain with useless unrelated info". This is really bad imho - don't we have enough trouble with recording payments without adding this sort of stuff.
On another note - what a great idea for a Bitcoin developer to start up an asset recording blockchain.
|
|
|
If it's unlimited it isn't going to have much value. Stick with the stability of the core, rather than get burnt by the lava and ash that is flowing round it.
|
|
|
Use pre-funded accounts, and then you can stop clogging the network with small gambling transactions.
|
|
|
What makes linking blocks like this any different to a larger block? All these blocks need to be propagated across the network. All the transactions in these blocks need to be validated.
I believe Clif High's solution involves blocks that are already validated, and using these validated blocks, laterally, to validate a new yet-to-be-validated one. So every block has it's own sidechain?
|
|
|
Sometimes I think I'm posting to a brick wall.
I've been saying that we need shorter block generation times, and smaller blocks (500Mb) for well over a year.
|
|
|
I don't own foxpup.com; it belongs to one of the other Foxpups, specifically this one. There's like 4 or 5 of us around; we come in litters, don't you know. Nice name. It looks as if FoxyPup.com is available though. I own FoxyTalk.com which I was going to use for a political chat site. The problem with that name is it seems to get flagged as porn, even when there is nothing on the site. I think I'll give up on it as a radio chat site, and I'll probably sell it to a pornographer. It's never had porn on it as far as I know, but I can't check it's current status as I'm in the library and they block it based on the name alone. I stand corrected, it's resolving here, and it goes to a parking page Maybe I'll start to use it, thanks for reminding me about the name.
|
|
|
Losing ref links is one of the secondary consequences of URL shortening, I'll make sure I don't do it here. I tend to use it mainty for shortening the massive URLs generated by my picture hosting site, and they don't have affiliate codes in them.
Thanks for the clarification
|
|
|
I set up a shortening service on my domain G8S, and I use it sometimes when posting. It is useful for checking stats and a few other things. I noticed that a post had been deleted for cloaking (not one of mine). Does this mean that I should avoid using this when posting on Bitcoin Talk? Here is an example which links to this forum without any tricks. http://g8s.com/bittalk
|
|
|
Welcome to the forum. This is a great place for you to find out about Bitcoin. Bitcoin is an exciting intelligent form of money transfer, and it has a great future in these times of financial uncertainty. Now that you have arrived here by accident, I hope you will stay and become a part of the growing Bitcoin community.
|
|
|
Well the earth isn't dead yet, despite the politicians efforts. So I suspect that it's got a few years of life left in it. The obituary - O-bit-u-ar-y - "Y" is the Satanic elite symbol for "forked".
|
|
|
|