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Sorry, I'm in trouble understanding the split. If the existing chain is C, and it forks in C1 and C2, there will be miners supporting C1 and others supporting C2. I can see that all coins in C will appear in both chains, but won't the transactions after the fork be mixed between C1 and C2, so some will be duplicated, and some may be lost.
Another thing I don't understand. It obviously takes longer to build a 2Mb block than a 1Mb block, as submission time seems to be important to miners, why would any miner risk losing his slot by building a 2Mb block?
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For a start I predict it will cause all exchanges to "stop trading" (as they will not want to risk fiat losses in case they have ended up on the wrong fork).
They are in it for profits so why wouldn't they just allow trading between the two different chains and make lots of fiat money in the process? I guess the obvious answer to the above question is that most exchanges are inept. Surely that would not be possible. Won't some transactions appear in both chains, and some old bitcoins be spent in different transactions in each chain. Am I correct in assuming that only the longest chain will survive? What will happen to the shortest chain additions? Will they be deleted and the process start again? Here is another newbie question? If one chain contains blocks up to 1Mb and the other contains all those blocks plus the 2Mb blocks, won't the 2Mb chain be longer no matter who accepts the proposals? |
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So if the chain does fork, how will we know it has happened, and how will we know who has "won".
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With my limited understanding, I've come to really like SegWit and some associated options. Is there anything we can do to help - take up mining in a small way for example?
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Now that you have got this account, it would be worth your while to make a number of quality posts. This will allow the campaign manager to assess your payment level.
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I'm not really sure of anything.  At the moment, I don't have a problem as I can keep the blockchain up to date by running core two or three times a day. However, if I have to be off-line for a few days for any reason, then catching up can be a slow process. Also, I think this might help some members who are on limited bandwidth, and need to download the entire blockchain. My primary motivation is to extend the range of the WiFi. This would give me two WiFi connections, and I wondered if there was any advantage in combining them. According to the core network analyser. I get transfer speeds ranging between 20Kb/s and over 300Kb/s. |
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Just give the self-mod creation facility to members or above.
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[0090] The issuer node 105A may generate the digital currency in a variety of ways, including but not limited to sending the amount of digital currency to itself as part of a payment transaction and advertising the payment transaction throughout the cryptocurrency payment network 145. For example, the issuer node 105A may generate a first payment transaction message with the source and destination address of the first payment transaction message being the address of the issuer node 105A. The first payment transaction message may include an amount of digital currency (e.g., 100 units) and a digital signature. In some embodiments, the digital signature may be generated using a mathematical algorithm. The digital signature may be created by using a transaction private key associated with the sender (e.g., issuer node 105A) and the first payment transaction message. In such a scenario, a transaction public key associated with the receiver (e.g., issuer node 105A) may then be used to verify the digital signature to ensure that the payment transaction is authentic and was an authorized transaction.
I only read a couple of paragraphs, but the quoted one caught my eye. It's out of context, so I may have misunderstood it. It looks as if they can see the end of fractional reaerve banking, and the fraud that that generated. Maybe they are trying to create a crapto-currency to move this concept onto the Internet. |
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I'd like to double my lifespan, then I could see the astronomical value of Bitcoins in the future. |
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At a time when some banks are offering negative interest rates, how can any site pay rates of 0.1% daily?
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I've been thinking about the efficiency of handling the blockchain over public WiFi. It occured to me that load balancing two connections to the same WiFi hub could give some speed improvements. I've never tried this, but I know it's available in Win 10 and Linux variants. I would use the internal connection in the notebook, together with an antenna connected via a USB port. Actually being an avid do-it-yourselfer I might use a WokFi, but that is a different topic. Has anyone tried this using Bitcoin core, and would it give me any significant improvements? |
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Once you have sync'd, I'd copy the blockchain to a USB stick. Then I would run an anti-virus scan and a trojan hunter, then check your hard disk for physical errors. If you find any malware, I'm afraid you may have to re-download the blockchain, unless you can be absolutely certain that the malware hasn't got at it.
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It can't be anonymous. It's going through an agent and an escrow company. I've also been with the registrar for about 15 years, and my details are public. Sadly the guy won't pay in Sterling or Bitcoin, so I'll have to accept dollars. Then I have to decide when to sell those dollars. The dollar is creeping up atm, but I think it's going to drop later this year, and Bitcoin will rise. |
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I could see a massive use for a site like this, if you were to implement an easy system of using a prepaid card. This could essentially cut out the need for Bitcoin ATM's, because someone could go to a store that sells these prepaid cards, pay in cash, and then use that card to buy bitcoins using your website.
The ideal situation would be for the store to provide the Bitcoin. This cuts out the need and costs of the prepaid card. As Bitcoin becomes more popular, stores will start to see this source of profit. This means your project may have a limited life as Bitcoin replaces prepaid cards. |
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I don't understand what has been seized here. Is it the domain name, the website hosting account, the Bitcoin wallet, or all 3. If it is the domain name, then you should contact your registrar, if that doesn't help, then you can take it to arbitration. If you have registered the name via your hosting company (this is very unwise for obvious reasons), then find out if they are ICANN registered ( a list is on this site https://www.icann.org/registrar-reports/accredited-list.html) if they are not on this site, then they are probably re-sellers for an accredited registrar. You can find out who the actual registrar is via a who-is lookup. An appesal to the registrar could help you to recover the name. If they have seized your website, then that would probably be a civil matter, and I'm not qualified to comment on that. If they have seized your wallet, then I think you should transfer the balance asap. If it has already gone, then other members here would be able to give you better advice than me. However, I don't understand why anybody would keep a wallet on a server that they didn't host themselves. |
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That's a nice concept, but it looks as if it is designed to earn Bitcoins from outside the chain. Obviously this is a great use of side chains. My thought on PoS was based more on using existing Bitcoins to give value to the altcoin in the sidechain. The altcoins would be used for local trading. Of course they could be sold for Bitcoin outside the altchain, but this would not add value to the chain deposit. To increase the number of altcoins, extra Bitcoins would have to be stored in the "vault" with an associated PoS. Obviously this is no longer a distributed control system, but would have to be administered by a central authority (just for the altcoins), but this may not be a disadvantage for an institution, or a community. Any increase in the value of Bitcoin, would increase the value of the Altcoin in direct proportion, so it could be used as a tradeable investment holding.
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My membership is valued at £61 ($87). I think that is a mad price to pay for a junior member.
ps. I wouldn't sell my membership anyway.
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Now I feel like a goody-goody wimp. |
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As I understand it, the problem is not the size of the blockchain, but the size of the blocks. Pruning allows people who don't want to store the whole blockchain. I guess one could think of a block as a Bitcoin "packet".
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