I'd tweak the formula to be: max block size = 1000000 + (int64)(difficulty)
... just to avoid "if block number is < X max block size = 1000000 else..." logic. Adding in the current 1MB max limit means all the old blocks are valid under the new rule.
I like Mike's point that difficulty and transaction volume aren't necessarily related. Maybe a better formula for miners would be something like:
max block size = 1000000 + (average size of last N blocks in the best chain)
... where N is maybe 144 (smooth over 24-hours of transactions)
Anybody have access to what Visa daily transaction volume looks like in the days around Christmas? Are there huge, sudden spikes that the above formula wouldn't handle?
I think averaging the "last N blocks in the best chain" is good but there may be a better way. How about we try to predict the size of the next block? We take the last N blocks and determine if it is linear, exponential, or polynomial. Then we solve the linear or polynomial equation to determine the N+1 point. Basically, this method is attempting to predict the size of the next block. We can start of simple, and just use y=mx+b. |
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Don't forget to take pics of the billboard and to post it here!
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I like how bitcoin is large. People who see the sign will definitely notice the sign and your business. Basically you are taking the viral and social nature of bitcoin and this will rub off on your company. Since you are the first to do this it will have a really good effect, imo.
Black and yellow is a really good color combination since it makes the bitcoin stand out. Maybe change the orange to yellow and it might also match better with the coin.
Since you live in Silicon Valley I would write, "We accept BitCoin" and near the bottom in small letters "P2P Cryptocurrency" or "Decentralized Cryptocurrency"
Thanks for doing this!!!
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In terms of scalability, could a two-tier system be developed where super users would run the main bitcoin client that would store and verify the block chain and on the second tier normal users would use a lesser version of the client such as BitCoinJ (that does not store the block chain and is only used for verification of payments?)
If bitcoin goes mainstream and takes as many transactions as Visa (thousands per second) then would Bitcoin(supernode)/BitcoinJ(node) be a solution? Not everyone can afford racks of computers...
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Seriously, we probably agree on most things on a philosophical level.
Maybe .. but all I know of you is that you admit willingly going to the CIA ... that's immediate exile in my shit world. I just believe I'll get farther by taking "small steps to a much better world."
Don't care .. my world has always sucked with flames of torment ... unbearable pain is -> and always had been my world ... so I could give a shit less ... Why do u hate the cia so much? Did they kill ur mom or dad! What did they do to ur family? The U.S. and prob the CIA prob killed a lot of people in my parents country of origin but I don't harbor any anger. I could get philosophical but I'm not going to. Cia got bin ladin. Woot. |
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what's the hashrate of the rig/card?
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I, myself, am also a gold miner and I also have gold mining equipment. Back in the old days people panned for gold in rivers and the gold automatically collected in certain areas of a river. Gold was easy to collect and pan out. Once all of the "easy gold" was found it I imagine gold become more and more valuable because of the scarcity and the difficulty to find gold. So similarly, when bitcoins become harder to mine it will increase in value.
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I recommend updating to 0.3.21 since it has important bug fixes. I would update on a case by case basis depending on what fix or features added.
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Amazing...great work guys.
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The technical reason is that trying to combine every possible proof of work based quorum into a single chain does not scale. This is not a matter of personal preference, it's about solid engineering. Agree with [mike]. It is pretty obvious that allowing domain name registration info in the block chain does not scale. If you open the doorway to domains, other potential applications using P2P could also do the same causing the chain to bloat. It truly is about solid engineering. If the names are free then somebody will just do a dictionary attack on the network and claim all useful names. This is pretty obvious. Registering a domain must cost something so all the names will not be taken. One cannot just get it for 'free'. |
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I agree with [mike] in that what satoshi says has more weight than what we say. I like the concept of shared work with bitcoin miners. It will only make the bitcoin more valuable and I'm all for that. Shared work is also what satoshi recommended.
I would also say that what [mike] says carries more weight than some others on this board, simply because he works for Google and also for implementing the BitcoinJ project. Google only hires the best of the best of the best.
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I am installing this...it was a very hard install...attempting to register but it stalls.
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Are you tired of watching the value of the dollar plummet?
Are you tired of banks and these rich cock suckers taking away your last pennies?
Are you sick of incompetent gov't taking away the last freedoms you have? Did you know your money is used for murder and torture?
Wake the fuck up and take action! Bitcoin is the way out of this corrupt system!
It is the world's first decentralized, anonymous internet currency - it can not be controlled nor shut down.
It's free to use, free to accept, and free from inflation---forever!
You can use bitcoins to buy anything you want anywhere in the world, so get your AK-47 today and kill a banker. Make the world a better place!
To learn more, stop jerking off all day long and get online!
Crude, but entertaining. |
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not quite get it: he is claiming that credit card dollars are different from piece of paper dollars?
i agree with him mentioning paypal, fb etc. but credit cards?
and how is his imagined digital dollar different from internet banking?
Credit card companies charge transaction fees (along with FB credits etc.) So yes it is different than paper dollars. If you own the medium of exchange then u can charge for ridiculous fees, inflate the currency, etc. Bitcoin solves all of these problems. |
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Repetition is effective:
"Again, go to weusecoins.com to learn more. weusecoins.com"
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A(nother) modified form of the above: Are you tired of watching the value of the dollar plummet?
Are you tired of banks charging you fees?
Do you want to take back control of your own money?
Then take a look at Bitcoin!
Bitcoin is the world's first decentralized, anonymous internet currency, and is gaining popularity every day.
It's free to use, free to accept, and free from inflation---forever!
You can use bitcoins anywhere in the world, and their value will only grow with time.
To learn more, visit weusecoins.org.Here are some of the most important changes I made: - Removed the "investor" angle. Most people don't have any investments at all, and they aren't really looking for one---but "dollars losing value" and "banks charging fees" are gripes they're familiar with.
- Mentioned anonymity once but didn't make it a major selling point. A person who has no problem giving their Gmail password to Facebook will not understand why anonymity matters, and may think this is some shady money laundering thing. (And they're not supposed to find that out until they're initiated!)
- Focused on the "free as in beer" aspect. The fact that no one controls Bitcoin is important, but hard to get across in 30 seconds. Best to leave it out if we can't make it clear.
- Replaced bitcoin.org with weusecoins.org---bitcoin.org is a better project site, but weusecoins.org is a better promotional site.
My only concern is that my version sounds a bit hokey to my ears. But maybe others will think it sounds okay. Anyway, that's just a suggestion---feel free to use any, all, or none of it. This version sounds better. If you need save a few seconds then this line could go or be replaced. "Do you want to take back control of your own money?" Maybe replace it with, "Are you sick of the gov't bailing out Wall St?" (People are impulsive and emotional and we should use this to our advantage.) Are you tired of watching the value of the dollar plummet?
Are you tired of banks charging you fees?
Are you sick of the gov't bailing out Wall St?
Then take a look at Bitcoin!
Bitcoin is the world's first decentralized, anonymous internet currency, and is gaining popularity every day.
It's free to use, free to accept, and free from inflation---forever!
You can use bitcoins anywhere in the world, and their value will only grow with time.
To learn more, visit weusecoins.comOh one more thing...its weusecoins.com NOT .org!!! |
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Great work! Maybe you should sell carrots too for fun. weusecarrots.com
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What if a normal user decides he wants to join the bitcoin lottery? Chances will be low but if he/she finds a 50 BTC block then it's rags to riches.
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