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 my thoughts uhzackly
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Does anyone factor time series using the gretl library from bitcoin market data?
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That reminds me of the fibrillation type impulse; it's very "micro" which might be misleading. Las Vegas style gambling psychology/gaming should be represented in the algorithm. |
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It's hard to get an algorithm to map the BTC price as the market is dynamic, based on news, and extremely volatile. Cryptocurrencys are not your first choice when it comes to predicting pricing trends. See the trollbox on BTC-E.
What I get is...Multiple terms would be included. Frequency and amplitude array should have plenty of bits. 192? arbitrary but seem like a high resolution number. |
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Is there a good formula to calculate wave periods out of btc market data? Something like fft?
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Bitcoin may have these capabilities already, but will bitcoin have turned into a fading fad by the time your project gets to field trials? Do these capabilities translate into mining rewards and fees for your network's guarantors? Looking at Bitcoin, it is probably the most secure tokenized system the world has today. But how can I use either Bitcoin, or maybe even the block-chain/miner & nodes validation, for third party projects.
I could imagine this in a project where Bitcoin would act as timestamp for certain routines, or for validating certain requests historically, but that would mean I need to lean towards Bitcoin itself, and not fork the project, which in turn gives me an obsolete/insecure alt-coin that does not give the hashing protection Bitcoin has, and can be tampered with. My point is that I want a decentralized database, protected by miners. It is great for sessions, storage, proof of work, proof of ownership etc.
So what is the suggestion in the community about this? Fork? Build a layer on of Bitcoin somehow? Fork the block-chain, and keep the hash power? (not even possible I assume)
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Could someone explain in layperson terms why it is not possible to figure out a key to solve all future hashes or blocks and create bitcoins at will?
Not sure if I phrased my question correctly but hopefully you know what I mean.
It could be possible if you knew the future of transactions, which is not probable. The problem is in the way the blocks stack up over time. If you knew the future you'd know the future. I don't see how that would enable you to calculate the chain of hashes faster than your percentage of the network hashrate. I don't either; it's only an explanation of how it could be impossible. You can't know the future or predict at such granularity (per transaction). If you think you have some edge in predicting the trends, that's where their might be some cash. |
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We had a pretty good discussion going in another thread but I want to discuss my understanding of one specific scenario and get feedback. Yes, I will moderate this thread but I promise I will only delete totally off topic post and personal insults. All actual input is welcome. Even AnonyMint is welcome.
Here is the exact scenario I want to discuss:
1) A cartel gains 50% of the hashing power
2) The same cartel controls about 50% of all the Bitcoin nodes. These nodes act just like the standard nodes for the most part but the cartel controls the code and can therefore update them to change the rules as they see fit at any time.
3) The cartel decides that the block reward should remain at 25 BTC per block forever
.........
Here is what I believe to be true, everyone please correct me if I am wrong anywhere:
1) From then on every single block built on the A chain will be rejected by the B network.
2) From then on every single block built on the B chain will be rejected by the A network.
3) However, every single transaction that is considered valid by both networks will go into blocks in both chains.
4) The BTC created by the block rewards in the A chain will not be considered valid by the B network and every single transaction touched by these coins will be dropped as invaid by the B network.
5) The BTC created by the block rewards in the B chain will not be considered valid by the A network and every single transaction touched by these coins will be dropped as invaid by the A network.
This seems to affect mining reward validity, and then everything spent from it, in a mutually exclusive divided market. Majority runs off with Bitcoin until such nonsense turns into btc trading chaos. |
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What does 2¢ get these days? |
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I just don't think bitcoin will end up being tied to the value of one-eighth of a U.S. dollar. Spending thousands of bits on small things will remind people of currencies that have been hyperinflated.
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That might be a good thing. Though the idea of using bit for something other than info seems like a two bit idea to me. But that's just your two bits. |
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Spending thousands of bits on small things will remind people of currencies that have been hyperinflated.
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That might be a good thing. Though the idea of using bit for something other than info seems like a two bit idea to me. |
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Spending thousands of bits on small things will remind people of currencies that have been hyperinflated.
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That might be a good thing. |
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Could someone explain in layperson terms why it is not possible to figure out a key to solve all future hashes or blocks and create bitcoins at will?
Not sure if I phrased my question correctly but hopefully you know what I mean.
It could be possible if you knew the future of transactions, which is not probable. The problem is in the way the blocks stack up over time. If you knew the future you'd know the future. |
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 Is money trapped in dwolla? I thought it was like a paypal, where you can withdraw payment. I'm lost, only a hundred bucks, but still. Any advice is welcome Tnx Bb
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when money becomes managed by the people not the government, who will build streetlights, roads? who will maintain infrastructure and military? who will save our lives from giving us obamacare?
are you a communist or what?
it will be the same people who build the roads today, we'll just be able to do it without the violence of the state. Caltrans retaining control of filling potholes on 101 == time to switch to air bag suspension. That'll set me back like two bitcoins. |
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Politicians were pencilled in by the founding fathers to protect ourselves from ourselves. If we could vote to nuke the buhjeezus out of North Korea once and for all... well it would certainly be a different world all around. the goverment is supposed to enforce the will of its people, but this is rarely the case, that's why we tend to avoid taxes instead of paying some punkass congress member a new mercedes
don't get me wrong, I pay my taxes but this is just my opinion..
it would be for the best if we had no politicians and decide about everything via public voting polls
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A nebulous group of nefarious world-saving miscreants who gather religiously at a certain sushi bar in Seoul.
The main character is the blonde from Zero Dark Thirty, a USG blogger/groupie who nicknames the group... hmm what shall we call it...
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Why is it always "omg the roadzzzzz!!!"?
Maybe potholes on the federal highways will actually get paved with bitcoin. Who knows. If one pothole can be filled, it's worth it. |
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when money becomes managed by the people not the government, who will build streetlights, roads? who will maintain infrastructure and military? who will save our lives from giving us obamacare?
are you a communist or what?
Damn. Gabby, the people would; but what does your statement have to do with reality? And since when is there an American difference between People and Government? It's like you missed the point of civics and debate completely. Also, what's Obamacare? Congress nationalized ROMNEYCARE. Bitcoin is almost a national currency somewhere in the world... now deal. |
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when money becomes managed by the people not the government, who will build streetlights, roads? who will maintain infrastructure and military? who will save our lives from giving us obamacare?
are you a communist or what?
Damn. Gabby, the people would; but what does your statement have to do with reality? And since when is there an American difference between People and Government? It's like you missed the point of civics and debate completely. |
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