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Love the idea Khal. Sending to email addresses is a crucial factor in stealing all of PayPal's "loyal" customers.
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I was one of the victims of the dictionary attack a few months ago. I e-mailed MTGOX and was told that I was a victim and that my bitcoins would be returned shortly. I have e-mailed back multiple times and have heard nothing. Has anyone else had this problem?
WHAT'S THAT?!? THE BANK'S OUT OF MONEY?!?/trolling |
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If 0.001 BTC transaction fees were possible that would open up the ability to do 'true' micropayments. This would be a brand new frontier to expand in Bitcoin business - e.g. imagine a news site charging per article view but not as clumsily as what NYT has been doing.
Microstransactions could be Bitcoin's killer app and expand the legal market uses of Bitcoin tremendously.
It's true though that there could be a lot of transactions making the blocks larger.
Agreed!!! I do not understand why we FORCE a fee period? And why do we FORCE a minimum fee? Who are we to determine bitcoin's true economics? I understand there is a possible DOS attack by removing the fee, but there must be another way around this. It is much too limiting to the regular customer/bitcoin network as a whole. Don't spoil the bunch because of a few bad apples. |
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Average computer, hashing with a CPU, is probably close to 1000 kh/s, or 1 mh/s.
Hashing with a GPU is significantly faster, around 80000 kh/s, or 80mh/s for an average GPU (for computers that have dedicated GPUs).
What kind of GPUs are you talking about? A 5450? Higher than that, I'd bet that for computers with dedicated GPUs, they're usually on the 5670 level or so, or about 80 mh/s You talking built in GPUs you mean??? Most miners buy 5870s, or 5970s I thought? Or at least I did... which average 300 and 600 (stock clocks) respectively. |
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We barely got started with the exponential growth.
Let me modify my suggestion. If you want to see more Bitcoin mentions in different media, you can buy more and push the price up, or you can offer new goods or services people want. In the absence of either a new price hike or new uses for Bitcoins, there is little to talk about. Just think about what $5 million dollars invested in BTC would do in terms of free advertising??? If you could bring the value of BTC up to $5 or $10 for even a short while, you might be able to sustain it with the amount of media attention you receive. |
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Much of the hype around Bitcoin has been the rapid rise in exchange rates vs. USD. This rise has leveled off for a while now, and it seems some of the enthusiasm has faded with it. No surprise, really. The kind of extraordinary growth we saw recently can't sustain itself indefinitely. Want Bitcoin to succeed? Hype it less, offer more goods and services.
+1 +2 |
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Why have you enforced a fee of 0.01 btc for small transactions? What sense does it make to send a transaction with a fee that costs more than the actual transaction itself?
It's to stop denial of service on the network, by someone geting 1 BTC and then sending the tiniest fractions of it all over the place to fill up the block chain for no good purpose. I would imagine that the minimum fee would be lowered at some point if the currency deflates that far - I think you want it to discourage frivilous transactions, but not be prohibitive to legitimate microtransactions. At this point though there is a ~1c USD charge to send anything that is vastly below ~1cUSD... which makes sense when you think about it. Couldn't somebody interested in a DOS attack on bitcoin in this manner simply re-build their own customized client of bitcoin? I am sure whoever wanted to accomplish a DOS attack could do that. So, why inhibit regular users because of a possible attacker really is the question? Captchas for example... some websites choose not to use them period, because they are such an inconvenience to the average user. No matter how many spam registrations they receive. |
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Would be cool. Probably possible, but since it is simpler to implement a smartphone application, I doubt anyone will spend much energy/time/money in implementing a bitcoin client on a chip card.
No no, client is at the merchant end of things, the merchant who agrees to accept bitcoins. All you have is your necessary wallet.dat file, that is it. And some trust for the merchant obviously. |
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18-21 August works for me. New York City in August: ah, I can smell it now....
Is it really that bad? Depends if there's another garbage strike. |
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Well, then less people will mine, meaning the difficulty will go down again =P
Has the difficulty ever gone down? Twice. clarifying once in may, 2010 and again in march 2011, post-mystery miner. you need to look closely to notice it. http://bitcoin.sipa.be/speed-ever.pngThat it was. Looks like there were indeed two downdips. Although I would consider them more of a flatline... They didn't dip down very much that's for sure. |
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Average computer, hashing with a CPU, is probably close to 1000 kh/s, or 1 mh/s.
Hashing with a GPU is significantly faster, around 80000 kh/s, or 80mh/s for an average GPU (for computers that have dedicated GPUs).
What kind of GPUs are you talking about? A 5450? |
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Picture this: a regular swipe and/or chip plastic card that contains an encrypted wallet.dat file and requires a pin to release any funds.
The brick and mortar merchant can simply have a bitcoin client running 24/7 with an updated blockchain somewhere on their POS system.
You swipe your card, ok the amount on screen, and enter your pin number to release the funds.
Possible?
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Written in PHP + MySQL???  I know that's asking a lot... but seriously: Anybody know of an open sourced pool mining software or have any idea to go about making one? Imagine thousands of bitcoin pools of just a few friends, that would be a great distribution of wealth. |
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Was mining for 2 days... Lucky?  go buy a lottery ticket. a bitcoin lottery ticket seriously though, is this legit? Did it mature? Been running 1.1 GH/s the past 2 days straight with no luck yet! |
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Linux and Windows binary releases are at: https://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.3.21/Changes and new features include: - Support for Universal Plug and Play to open a port for incoming connections (off by default, turn it on using the -upnp=1 command-line switch or the checkbox on the Options dialog box).
- Sending and displaying arbitrary precision amounts of bitcoins (you can send exactly 1.0001 bitcoins if you like). Sending less than 0.01 bitcoins requires a 0.01 bitcoin fee, however.
- New rpc command "sendmany" to send bitcoins to more than one person in a single transaction (already being used by some of the mining pools for payouts).
- Several bug fixes, including a serious intermittent bug that would sometimes cause bitcoind to stop accepting rpc requests.
If you find bugs, report them at: https://github.com/bitcoin/bitcoin/issuesWhy have you enforced a fee of 0.01 btc for small transactions? What sense does it make to send a transaction with a fee that costs more than the actual transaction itself? |
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Thanks - I will check that out, sounds like it might be what I am looking for!
BTW, the SSL certificate for the site is coming up invalid in IE8, and the FAQ page is empty.
Are there any additional details available as far as how the private mining pool works? Is there an option to track each of my miners hash/s contributed, etc?
Ideally I would like to allow others to join my pool, track their controbutions, receive the generated coins myself and compensate the miners by other means.
Same here. Untrusted cert. Would not do business with that. |
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Because when they're worth $1000/BTC in 60 years when my kids are distributing my will, it's more likely that the paper will still be readable compared to a flash drive.
Just be sure not to write it in dissappearing ink, or that the bank doesn't burn down!!! In all honesty... Remote backups and encrypted thumb drives are the best protection you will ever get. I forsee bitcoin banks of the future offering this service to bitcoin noobs. |
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+ 1
Definately agreed.
+1 I agree. |
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By default a client has an option to "generate money". By solving some unmentioned mathematical problems. Which I assumed somebody had to pay something to solve, right? It spends 100% of 3.2ghz x4 (Phenom II X4 955) and in one week I got nothing. WHAT exactly is happening behind the scene if it spends 12.8 ghz every second? Does it brute some hashes to get passwords or something?
To a stranger it looks ridiculous. Generating money either devalues the total bitcoin amount vs dollar exchange rate, or it steals your money. How can you realistically "generate" money??
Generate money option looks very suspicious and it bitcoin software there is no explanation. Bitcoin is open source (I assume WITH all the parts and not something 'valuable' removed), or is a single developer uses thousands of machine to brute something?
I'd like an actual developer to reply. That would be much appreciated.
Thanks.
I think it is yes. Lol you have to be kidding. 1 post and you think we are a scam? Check out the wiki and read through the forum. There are some highly intelligent people devoting a lot of their time to this project. I can assure you it is not a scam. |
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One of PayPal's and the Banks' most popular products is "repeat billing" or "subscription payments".
Customers love it for it's ease of use and businesses love it for the constant income.
I should be able to enter a bitcoin address into my bitcoin client and pay it the exact same amount of bitcoins whenever I so choose.
Imagine having all of your subscription payments easily accessible from a single program on your desktop?
Right now I have to make sure I top up my cell phone every month with my credit card through their website. I have an automatic payment setup to withdraw money from my bank account for a dedicated server I rent. I have care insurance payments that can only be dealt with via fax+phone being charged to by checking account. And I have some forum subscription payments that go through PayPal. It's a nightmare to change any of them. If I could just click "cancel subscription" or uncheck a box on my desktop to cancel a subscription I would be thrilled!!!
It's a good idea, but probably not a deal breaker right now. There are lower hanging fruit to go after. At least in my opinion. Sure, not a deal breaker. But it's a pretty simple implementation (windows already has scheduled tasks, and linux cronjobs) for a major improvement in the client imho. |
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