Just leave it alone, bitcoin as it is now favors a steady state economy, in contrast to the problematic inflationary system of world banks.
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I'm confused about what you are arguing. You want everyone to be able to always run a full node, correct?
Wrong. I want me to be able to validate the rules I consented to are followed and right now that means running a full node, I don't care about anybody else or how that is achieved. Which includes a 1Mb block size limit? Given the arguments on both sides that I have heard, yes. Now you are listening to arguments? Previously it was merely you signed up and want to keep it that way. It sounds more like you don't want Bitcoin to get big? You're still very confusing. People in a low bandwidth community, could easily pool together, and rent a dedicated server that they control and run a full node. Then the members of the community with low bandwidth could easily run a lite client especially now that we have the bloom filters working in the Satoshi client. They could have control of their FULL node, how the rules are applied, and could deal with block sizes larger than a meg. I'm still confused on your argument. Why do you want Bitcoin not to change? You even started your post of confirming the fact that Bitcoin has already changed in the past. Shouldn't you just leave Bitcoin and make your own currency? One that can't change? If it has already changed in the past, why are you fighting so hard that it would never change again? |
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I'm confused about what you are arguing. You want everyone to be able to always run a full node, correct?
Wrong. I want me to be able to validate the rules I consented to are followed and right now that means running a full node, I don't care about anybody else or how that is achieved. Which includes a 1Mb block size limit? |
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The client in it's current state is not a viable option for most people to run as a node in the not too far future. Both bandwidth and space issues will only intensify with further acceptance of Bitcoin. Thus either the client has to change with all that entails (such as developer decided rules changes) or more and more people will have to stop running a full node, when it's no longer viable for them.
How so? I have a laptop with 1TB space, and the block size limit means there's max 55GB that can be added in a year on avg, so how could I not run a full node for at least 5 more years when I'm sure I'm going to upgrade my laptop by then and have even more disk space available? You're priviledged in your space and bandwith capacity. What about those not so lucky? Those on volume capped lines? What about Africa, where most people outside of major cities still connect via 56k dial-up if even? Then those who can't afford to run a full node right now are must understand that they are using Bitcoin without their explicit consent to what rules Bitcoin functions under. That their wealth is in the hands of those who can. I'm confused about what you are arguing. You want everyone to be able to always run a full node, correct? Can someone run a full node on a 56k modem right now indefinitely? The block chain will get bigger and bigger and that poor little laptop won't work. Are you suggesting we lower block size limits so that we can let these 56k modem users work? And if so, aren't you saying centralization will be okay because fees will cost too much to use it for regular transactions? You've split your thoughts between a few posts and this is very confusing for someone who hasn't been following you around the forum. |
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Should I be afraid that giving my address to those sites will result in my wallet being stolen?
Not merely from entering your address. You've got a lot of reading to do https://en.bitcoin.it/wiki/Main_Page |
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Double click an address and right click for your copy or hit Ctrl+C. Old timer.
gotta be fast, the highlight only stays until the next blink  that's the problem. Double click with the right hand Ctrl+C with the left. I did it 10 times in a row with different addresses and didn't miss one... I dunno. Or copy the whole damn page into a spreadsheet and grab the address you need. You mean, like this? Exactly. Double click with the right hand Ctrl+C with the left. I did it 10 times in a row with different addresses and didn't miss one... I dunno. Or copy the whole damn page into a spreadsheet and grab the address you need.
Now you are getting into 1337 skill. You and I know how to do that, but as a S.DICE shareholder I would prefer a method that my grandma intuitively understands  Let's make giving us money as easy as possible eh. Then we need an option where they are off by default, and a button to turn on the fireworks. |
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I had problems with them on Friday and they still owe me. They promised it by Saturday, then Promised it by yesterday evening. Still have nothing and my ticket gets updated a little slower each time.
I don't think I'll have an issue, but it would be nice for it to be straightened out. I'm sure with the run up in price their business has increased significantly while people try and grab some while they are cheap. Toss in their API's getting messed up and they have a mess to clean up.
Hold on and let them fix it. I'm sure they have much more than your and my transaction to clean up and some are probably worse than ours.
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Double click an address and right click for your copy or hit Ctrl+C. Old timer.
gotta be fast, the highlight only stays until the next blink that's the problem. Double click with the right hand Ctrl+C with the left. I did it 10 times in a row with different addresses and didn't miss one... I dunno. Or copy the whole damn page into a spreadsheet and grab the address you need. |
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Do you plan on using mining rewards to repay the loan?
If you can't afford a single mini, why don't you get a jalapeno or two?
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Why is the text on http://satoshidice.com/ blinking? It makes it impossible to cut and paste the addresses without selecting more text then you want to. It does it on my iphone as well, which is a whole new level of pain in the butt. Is there some method of placing a bet without cut and pasting those addresses that I'm oblivious to or is the code on the page just retarded? The blinking indicates that someone just placed a bet. Copying and pasting it from a mobile device is a pain in the butt through - I'd suggest Blockchain.info with their built in sDICE sending form. Double click an address and right click for your copy or hit Ctrl+C. Old timer. |
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I'm not selling my bitcoins for a penny less than $390,000!
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24 hour bump now that the long weekend is over.
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The changes in the last year were "soft forks" -- forks that required all miners to upgrade (if they don't, their blocks are ignored), but that do not require merchants/users to upgrade.
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A couple of random, half-baked thoughts I had this morning:
If you think that the block size should stay at 1 megabyte forever, then you're saying the network will never support more than 7 transactions per second, and each transaction will need to be for a fairly large number of bitcoins (otherwise transaction fees will eat up the value of the transaction).
If transactions are all pretty big, why the heck do we have 8 decimal places for the transaction amount?
Don't get me wrong, I still think the bitcoin network is the wrong solution for sub-US-penny payments. But I see no reason why it can't continue to work well for small-amount (between a US $1 and $0.01) payments.
If there are a very limited number of transactions per day and billions of dollars worth of BTC being transacted (that's what we all want, yes?) then obviously each transaction must be large. So, again, why bother having 8 digits after the decimal point if each transaction is hundreds of bitcoins big?
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Second half-baked thought:
One reasonable concern is that if there is no "block size pressure" transaction fees will not be high enough to pay for sufficient mining.
Here's an idea: Reject blocks larger than 1 megabyte that do not include a total reward (subsidy+fees) of at least 50 BTC per megabyte.
"But miners can just include a never broadcast, fee-only transactions to jack up the fees in the block!"
Yes... but if their block gets orphaned then they'll lose those "fake fees" to another miner. I would guess that the incentive to try to push low-bandwidth/CPU miners out of the network would be overwhelmed by the disincentive of losing lots of BTC if you got orphaned.
I love Gavin's thoughts. I also love his half-baked thoughts. Although I'm sure no one cares what I think, I fully support Gavin and the lead developers on their thoughts on this. |
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Any day you use a chainsaw incompetently and retain all your limbs is a good day  +1! |
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...the swap would be announced for a future date (a few months), giving enough time for new ASICs to be developed that run the new algorithms.
A few months would be plenty of time for BFL /end sarcasm |
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Estimated value $16-$64.
lol, and by go daddy! What a trusted authority. That must be a very popular site!!!
Why wouldn't someone just go buy a 99 cent .info name, take the URL's you have there, go sign up at coin url themselves, and spam the forums with their own domain?
If you are making less money in a year, than the domain is worth, that means your starting bid of $20 you're making $1-2 a month. Godaddy's estimate is probably fair. However, it's on the low end, not the $60 end.
And again, you stole the same list from dozens of other people that are doing the same thing. You're offering nothing unique and the domain name isn't very memorable or short.
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Yes, yes, I can hear people complaining already. But I really have it and I really will sell it if someone is interested. In fact, for some reason in 2011 I decided I wanted all the first bits for everything and I actually have over 20,000 first bits of common first names, business names, common words, etc. Some more details about the product. The first bits are actually 1jgar but the vanity address is 1jgarzik http://blockchain.info/fb/1jgarFull address is 1JGaRziKizyk1HNRgjqQWZedDBxT2DNeF8 Current balance is 1 satoshi to reserve the firstbits back in 2011. To prove that I have control over it, I have signed the following message: wtfvanity currently controls the 1JGaRziKizyk1HNRgjqQWZedDBxT2DNeF8 BTC Address and private key HEOtdrhjpzRMslvMPfAvvvt4T1yfYnRuwY0qfVUBMrDuGBH9GhohUPtxF1dF2LjO7mgvbQ82FA3IoMzUhaIs/Gc= For those that may not know, 1JGarzik didn't get his firstbits and is a lead developer of Bitcoin and is now famous for being the only person with an ASIC mining machine from Avalon raking in the dough. I will delete the private key and dump the key from my wallet. HOWEVER, that being said, accepting coins at this address would be extremely risky. If I were dishonest, any funds at any time available at this address could be taken. I guess more than anything it could be used as a conversation starter, or some very basic Bitcoin memorabilia. Alright, go ahead and roast me  And MODS... if this isn't allowed, please get rid of it. If you want it in a different subforum, please move it. It really isn't a good or a service and I don't know that anyone has tried to sell one before. |
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If you really plan to offer a service like this, these are questions your customers should be asking. Better to post it now and attract people with your offer than hiding behind we're awesome colocate your machine with us.
Besides the trust factor, here is why I wouldn't consider it:
Your internet is no different than what I have at my house. No back up internet currently. Once you do, it's a manual switch.
Power generator is questionable. Power bumps might be okay, but long term black out.
No SLA listed.
Not staffed 24/7
Your selling point is people don't want to manage their own machines, difficult, resource reliability. But I don't know that you offer any of that. I'm a little confused.
I like your website, it's pretty though.
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Redundant connections to UPS + Switch over to generators (no one has ever tested the generators to the building, I'm told that we haven't had to test them yet) If no one has ever tested the generators I bet you don't have generators. Generators need test started and maintained. Unless your local power company is amazing I have a hard time the power has never gone out in however many years the generators have sat there. |
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Yes we have multiple power connections and backup generators Yes you can do this cheaper, we're offering an effortless way of running an ASIC and assisting with colocation needs. How much is your time worth? Some of us are software engineers or electrical engineers whose time is better spent thinking about other things Not everybody can sit around all day and make sure that their ASICs are up and running. Also, with ASICs a lot of newer users are coming onboard and they wouldn't want to mess around with the technical side of things Some users would love to have racks of gear at their homes or offices but their spouses will disagree. Essentially we are the perfect solution for users who want a hands-free mining experience Redundant connections or something you have to switch over on the power? You also didn't answer the redundant internet connection question. Staffed 24/7? |
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