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861  Bitcoin / Press / Re: [2017-02-11] World’s First Dedicated Bitcoin Bank Opens In Vienna on: February 13, 2017, 03:36:01 PM
Research does not equal endorsement.

Calling someone an idiot does not further your cause.

Endorsement does equal endorsement:

I downloaded and started running BU this morning.

Anything that both jbreher and franky1 can agree to must be a great idea.


And you're endorsing the top trolls on the forum, replete with their carefully crafted lies.




Lie to us Burt, tell us that Franky and jbreher don't constantly use dishonest tactics, or contradict their previous arguments with whatever is currently most convenient, or outright abandon old FUD that didn't stick?

The fact that you've not noticed this pattern of behaviour while reading their nonsense kind of suggests a different motive for your sudden apparent foolishness, does it not?
Dude, I give up, you are right.  Is that better?
862  Bitcoin / Press / Re: [2017-02-11] World’s First Dedicated Bitcoin Bank Opens In Vienna on: February 13, 2017, 02:36:20 PM
Research does not equal endorsement.

Calling someone an idiot does not further your cause.

Any modification or even proposed modification to the protocol is a charged issue and you are obviously very passionate about your position.

I am passionately against Bitcoin "banks" even though they are inevitable, which is what this specific thread is all about.
863  Bitcoin / Press / Re: [2017-02-11] World’s First Dedicated Bitcoin Bank Opens In Vienna on: February 13, 2017, 01:36:19 PM
Bitcoin Bank?

Oxymoron.

You're in a strange position to be calling out Bitcoin's antitheses.

How about this one, oxymoron: Bitcoin with user changeable consensus rules Smiley I wonder how long before a crypto-communist fork starts redistributing your money and inflating the money supply?


You're not a Bitcoin supporter, so don't stand up up for people who can stand up for themselves just fine without you, Burt

With all due respect, Carlton ...

And? S

Burt's still supporting something that is dangerously adverse to Bitcoin's principles. I don't care about other mistakes he's made in the past that only affected him. Anyone who donated Burt money in the past should be feeling like total idiots.
Since when does researching a subject with an open mind equal support?  All I see is highly emotional name calling and banter on all sides including this from you.  I participate in both BU an segwit threads and have not made up my mind.
864  Bitcoin / Press / Re: [2017-02-11] World’s First Dedicated Bitcoin Bank Opens In Vienna on: February 13, 2017, 06:04:38 AM
What the heck did I do to get your panties in a bundle?  I think Bitcoin "banks" are unnecessary.  My personal opinion.  That is all.
865  Economy / Web Wallets / Re: please help! any one know what is this? on: February 12, 2017, 12:55:41 AM
That address got about $1700 on February 9.  When was the transaction you are looking for?

Do you have a transaction id for the transaction you are looking for?
866  Bitcoin / Press / Re: [2017-02-11] World’s First Dedicated Bitcoin Bank Opens In Vienna on: February 11, 2017, 11:00:56 PM
Bitcoin Bank?

Oxymoron.
867  Bitcoin / Bitcoin Discussion / Re: So who the hell is still supporting BU? on: February 11, 2017, 04:17:54 PM
DELETED because you guys have lost all sense of humor.  Happy now?
868  Economy / Speculation / Re: $500,000 per Bitcoin, baby. The math behind it. on: February 10, 2017, 02:34:27 PM
Even today (I mean right here, right now) with all the problems Bitcoin has (and there is plenty - such as it doesn't scale well) it's already superior to gold so I don't see a reason why it shouldn't be on par with gold.

No way.  This post (from very early in this thread) is a bit dated because we are now in the next era but the point is still valid:

We cannot/do not want to get to $500,000 per BTC any time soon.  Here is the math behind it:

https://bitcointalk.org/index.php?topic=694401.0

If BTC were to go to $500,000 in this era it would cause a catastrophic mining bubble:

   $500,000 x 25 = $12,500,000 per block = $75,000,000 per hour

   $75 million per hour would drive the mining to attempt to use 675 GW.  This is about 30% of all the power generated on the planet.

So, in order to keep our power consumption under about 2% of world wide power production, we cannot/do not want the price to get to $500,000 before era 6, which is about 2033 or so.

Using my previously derived formula for the power consumption:

P = (6(50/2e) + f)(x)(1 - g)/c [kW]

where:

x = exchange rate [USD/BTC]
e = era [0..32] (we are currently in era 1)
f = average fees per hour [BTC/hour]
c = cost of energy [USD/kWh]
g = average gross profit margin [unitless ratio]

we can look at the power consumption in each era assuming a price of $500,000 per BTC.

In order to make it simple I will make the following assumptions:

x = $500,000 per BTC
f = fees per hour will keep the coinbase above 6 BTC/hour (1 BTC/block) in all eras
c = $0.10 per kWh
g = 0.1 miner gross profit margin

Code:
     Original target      Subsidy    Est Fees  Power  % of total world
Era    starting year    BTC/block    BTC/hour     GW  power production
---  ---------------  -----------  ----------  -----  ----------------
  0             2009  50.00000000  0.00000000  1,350            58.41%
  1             2013  25.00000000  0.00000000    675            29.20%
  2             2017  12.50000000  0.00000000    337            14.60%
  3             2021   6.25000000  0.00000000    169             7.30%
  4             2025   3.12500000  0.00000000     84             3.65%
  5             2029   1.56250000  0.00000000     42             1.83%
  6             2033   0.78125000  1.31250000     27             1.17%
  7             2037   0.39062500  3.65625000     27             1.17%
  8             2041   0.19531250  4.82812500     27             1.17%
  9             2045   0.09765625  5.41406250     27             1.17%

869  Bitcoin / Development & Technical Discussion / Re: Is my method a secure way to gather entropy? on: February 10, 2017, 02:31:03 PM

All files kept as secret as possible, for obvious reasons, if we want this to be our entropy source

This is a red flag for any security related algorithm or methodology.

What are you talking about it? We just keep the entropy secret, and all materials that we have used, will be deleted afterwards.

It must be kept secret otherwise it's not unique enough, and others can guess your passwords too.
Security though obscurity should only be used as a last resort.  If there is a way to gather entropy that does not rely on obscurity, and there are plenty, then you should use that method over any method that relies on obscurity.  This is security 101.

If your methodology relies on obscurity then it is implicitly less secure than a methodology that does not.
870  Bitcoin / Legal / Re: Silent miner on 30+ PCs on: February 08, 2017, 02:17:10 PM
I know it is wrong.
It is theft.

So there must be something wrong with you, your morals, your conscience and your thought processes if you are even thinking about it.

Let me put it this way:

I know this guy that has over 1,000 BTC.  I am pretty sure I can take them from him however I might have to torture and kill him to get him to give me the BTC but I am pretty sure I can dispose of the body in such a way as to not get caught.  Pretty sure.  Is it worth it?
871  Bitcoin / Legal / Re: Silent miner on 30+ PCs on: February 07, 2017, 12:23:27 AM
Would that pay off in some time and way and also, what's the punishment if I were to get caught besides the suspension?

So you know it it wrong.
872  Bitcoin / Development & Technical Discussion / Re: Is my method a secure way to gather entropy? on: February 07, 2017, 12:12:46 AM
All files kept as secret as possible, for obvious reasons, if we want this to be our entropy source

This is a red flag for any security related algorithm or methodology.
873  Bitcoin / Development & Technical Discussion / Re: Post your SegWit questions here - open discussion - big week for Bitcoin! on: February 06, 2017, 11:59:28 PM
Anyone have a site in which we can see the amount of miners / people that have moved to helping to activate Segwit? It'd be nice to actually see this in some graph form.

Hoping for the activation of Segwit though.
Is this what you are looking for:

http://nodecounter.com/#bitcoin_classic_blocks
874  Economy / Trading Discussion / Re: Payment methods which are hard to reverse on: February 06, 2017, 07:56:40 PM
Cash, gold, diamonds, Bitcoin, other alt coins.
875  Economy / Currency exchange / Re: Buy and Sell Bitcoin @Cheaper price. @455/510ngn on: February 06, 2017, 07:41:53 PM
BTC
Hello everyone, my name is Gbemisola Tanimowo frm ogun state. Am an exchanger.

Do u deal with bitcoin
I buy and sell @cheaper rate

I buy in @455ngn
I sell out @510ngn

U can also call or chat me on
08127926241

A trial will convince you.

Thanks.

455ngn = $1.44
510ngn = $1.62

Is that what you are suggesting?

If so I will buy all of your BTC at 510ngn/BTC !!!

[Current price of BTC is about $1,022 so that would be about 322185 ngn/BTC]
876  Other / Off-topic / Re: Eternalize a signed Bitcoin message here on: February 03, 2017, 11:55:15 PM
Point?
877  Bitcoin / Bitcoin Discussion / Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it on: January 20, 2017, 12:54:38 AM
Cracking it is useless. Its interesting I fully agree, but from economical point of view, you gonna bleed money on every other address. What kept me interested in reading those posts is that this address with over 57K Btc I have found it aswell but on a completely different basis. I was searching for some bitcoins from the very beginning of bitcoin for my own purposes, but I have found this. There is much more wierd patters created by the owner/owners. Literally thousands of unspend 0.01 btc transactions. Clusters of 1 btc transactions, which end up in unspend amounts of 0.005 and so on. I believe the real question here is why would you do that? Someone must have wrote a bot to do that many transactions. Someone must have a file of thousands private keys to thousands addresses - that just does not make things safe.

So why would someone do it? And who is it?
Sounds like a Bitcoin mixer to me.
878  Bitcoin / Development & Technical Discussion / Re: Confusing TX on: January 15, 2017, 11:46:35 PM
Two inputs, two outputs.  Maybe you need to ask a more specific question.  What specific part of this transaction has you wondering?
879  Bitcoin / Bitcoin Discussion / Re: Bitcoin puzzle transaction ~32 BTC prize to who solves it on: January 13, 2017, 03:09:07 PM
Quote
char b1[] = "0";
Did you try starting with one?

0 * G is a special case for the scalar multiply over the point group so try starting with one instead.
880  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: January 10, 2017, 03:20:37 PM
I have a few Trezor 1 wallets, gave them away as Christmas presents one year, love them, promote them, best wallet on the market, etc.

When can I buy the Trezor 2?
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