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I can't tell if you are serious nodroids. All I will say is how would you feel if someone read your post, put more than 50% of savings in Bitcoins because of it, then lost almost all of it. Bitcoin is young so growth is easy, we cant really say that the farther we get into it.
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I have $25 worth of Bitcoin I got this week. I don't really want to put much more than that.
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This is a stupid question but I did not see it in the FAQ on the site. Does having more than 1 mining pc using the same address effect anything negativity? Should I have a different address for each worker?
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another decentralised currency will rule the world. Bitcoin is the first real decentralised currency but its not perfect and will be replaced at some point (but not in the near future)
Why does everyone think that BTC wont change with time? Every "doomsday" prophecy doe the same thing...they all think that BTC wll stay the way it is right now and will never ever change (chain will get too long, speed of transaction bla bla bla bla...it's like BTC will be frozen in time). Same here..it is not perfect and it will die....do you think that BTC will never be upgraded, fixed, changed? Err maybe, to be fare all old software that died could have been upgraded but still died anyway. |
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If your board go play some video games.
Should I play some Board Games? Yeah some Bored games.  |
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If your board go play some video games.
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One other scenario that seems to have been missed:
1) Pay for your coffee with a zero fee low priority tx.
2) Wait for 24 hours when it will have been dropped from the memory pool in most Bitcoin software.
3) Send a different tx using the sample UTXOs but this time adding in a reasonable enough fee to get into the next block.
This is actually quite simple - and although I've not tried to get away with any free coffee I have actually performed this sort of "double spend" more than once (when the network just got too busy to process a couple of zero fee low priority txs I was playing with).
Does Bitpay do something to try and prevent this kind of "double spent"?
I think you told a more detailed way of the Finney attack. https://en.bitcoin.it/wiki/Double-spending#Finney_attackTo help protect from that connect to nodes you trust and make sure they include a miners fee. Its not 100% fool proof but it will help. |
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Yes, if humans had the ability to yell at 20 others at a time and perform SHA in their heads.
Well I did say like Bitcoin, instead of SHA what if we had a proof of work system more friendly to an environment without computers. Like what would be possible the human mind or a mechanical calculator. How long it takes to move information without computers as you pointed out is slow also. So we would have to change to make it work also work. |
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I was thinking if somehow we did not have computer anymore could we come up with a system like Bitcoins.
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Many times, I have faulty hardware and meh software.
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No I was debating with Hawker in PM and posting some of my findings here to the public thread. I appreciated your post Btw.
Oh, my bad. Just wanted to make sure. |
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You can't see the writing-on-the-wall? Focus your crystal ball on this and estimate the future...
Was this to me? I'm not sure what any of that has to do with my post. |
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Looking at your posts and the others in this topic. You could say its a new scheme that uses many characteristics of the others.
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Lets say some alt-coin came out and sort of killed the muster of Bitcoin, making its value close to zero. But the Bitcoin network still worked (being on its last leg). What would you do with your leftover coins?
I think I would keep them. I'm sure the blockchain would be archived, and a site would be set up for the history of Bitcoin. Users could go there and search up their old coins for old time sake, just to show they where part of the original cryptocurrency system.
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