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So, now that I've used the bitcoin faucets & other daily/hourly 'free' bitcoin sites and have all my addresses linked together. And now my transaction fees are rising.
How do I start again with an empty wallet?
I would like to
- NOT have to download the block chain again.
- transfer the balance of my personal wallet back to the exchange (or would that make everything traceable?)
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post to the counting to 21 million thread
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no need to send back , give it to someone else here ok, sending to 12Mhqv7s1W6yCD1fGQCZ8URGG2urv4xL29 |
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wish i'd seen that a month ago. what a rip |
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As much as it pains me to admit I think this idea of tainted coins will lead bitcoin to it's death.
Me too. Someone should file a bug report to the devs. The solution, of course, is strong anonymity and not the half-baked pseudo-anonymity scheme bitcoin uses at present ... like real cash (who woulda thunk?) +1 |
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Sorry if this seems rather stupid..
But after reading some of the new topics on BTC and the way it works, There are (from what I read) only 21 million bitcoins available which are slowly diminishing over time, what happens after all 21 millions coins are revealed, is that the end of bitcoin & cyber currency? As I also read, the number of bitcoins will never increase above 21 mil.
Just curious.
Bitcoin has a fixed monetary base of 21 million BTC, which will never increase or decrease. These coins are initially distributed (as mining rewards) at a limited and constantly decreasing rate, and once they have all been distributed, no new coins will ever exist. However, this will not be the end of Bitcoin, because the initial distribution of new bitcoins is not the only reward for mining: miners also collect transaction fees. Although transaction fees currently only make up a small fraction of the total mining reward, this will change as Bitcoin becomes more popular, since more transactions means more total fees (assuming the fee per transaction stays the same). The number of coins in circulation (as opposed to the total number in existence) will slowly decre ase over time as people accidentally lose them, however it is virtually impossible for all the bitcoins to disappear (since that would require that everyone loses everything), and because Bitcoins are divisible the economy can continue to function normally even if only a single bitcoin, or a fraction of one, remains. Isn't it more like. 21 million times 10**8 ? The smallest denomimation is 0.00000001BTC |
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Are BTC still being given away?
1CMDLLxoCaoiJSaMNaTfLFqFSCjcQdSDBf
wow, thanks... sent 0.02 btc to you too , enjoy  Thanks, I had fun. I Sent them back to you to which address ? 1wbxSp... |
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Are BTC still being given away?
1CMDLLxoCaoiJSaMNaTfLFqFSCjcQdSDBf
wow, thanks... sent 0.02 btc to you too , enjoy Thanks, I had fun. I Sent them back to you |
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spread still holding at $0.33, i guess i'll give it a try  |
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Does anyone do arbitrage between the exchanges? I seeing $5.09/BTC at Mt Gox and $4.76/BTC at Campbx. That seems a big enough spread to make some.
Am i missing something?
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lol, no i didn't see that thread. but a martingale system seemed a natural response to the satoshidice setup, you're way ahead of me. |
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Has nothing to do with bitcoinica and everything to do with a crazy gambling site which operates in a way that produces a ton of transactions. yea, i have discovered satoshidice, even placed a bet myself. but the result is the same, flooding the block chain with transactions. that's a lot of overhead. it looks like the # of transactions, and the # of transactions per block is growing geometrically but total BTC in circulation is linear and USD transaction volume & market capitalization is flat |
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why is this too long?
its not hard to reduce the time.. thats the concept!
Because people don't want to sit there and stare at their screens doing nothing for 5 minutes. Also if I go to another browser window the timer stops so I can't even run it in the background. what btc123 said |
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lol no, that is just the Satoshidice gambling platform. what's the deal with this then? http://blockchain.info/tree/5416502 why did the tree get so big so fast. what am i missing? It's something called "money laundering": breaking up the stolen coins into smaller units to make them harder to follow, and sending them to many different addresses. Fortunately with Bitcoin, we have a blockchain that makes it a bit easier to follow. It looks more like a joy ride to me. Akin to stealing a car and joy riding around and dumping it when your done. BTW Satoshidice looks like a network killer to me. |
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it looks exponential and very methodical to me
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