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1  Economy / Service Discussion / Silk Road Shut Down, Dread Pirate Roberts Arrested. on: October 02, 2013, 04:51:25 PM
2  Bitcoin / Bitcoin Discussion / What happend to on: November 21, 2011, 07:40:14 AM
 I get a GitHub message.
3  Economy / Gambling / Where are the poker players? on: September 16, 2011, 07:02:37 PM
 Is there any poker site where I can play for Bitcoins, where there are actually games with players in them?
 I've played a bit on, always short handed, but that seams to have dried up.
 I have yet to see a game going on .
 Is there any other site? Or are there no poker players among the tens of thousands of Bitcoin users?
4  Bitcoin / Bitcoin Discussion / Suggested change to future mining rate. on: June 05, 2011, 12:53:31 PM
  I would like to suggest that instead of the number of BitCoins generated per block being halved every 4 years, thus being 50*2^-(n/4) it will be 50/(n/4).
  This will have no effect on the first two periods (first 8 years) but will from then on generate more coins, but at an ever slowing rate.
  This may solve several problems, it will keep miners motivated, it will generate some rate of inflation which will deter hoarders which destabilize the value of the BitCoin.
  While in theory this leads to infinite growth of BitCoin supply, which will eventually overflow 63 bits, it's logarithmic growth, so 63 bits will not overflow the the lifetime of the sun. IEEE double precision will be able to represent the total number of Satoshi for another 10000 years. (Does anyone use doubles for exact BitCoin count?)
5  Bitcoin / Bitcoin Discussion / Mining for fee only is unsustainable. on: June 05, 2011, 12:05:55 PM
  Fee rates will tend to go down with competition, since even a minority of miners willing to accept a lower fee will not unreasonably delay a transaction's acceptance rate. E.g. if 1/6 of miners are willing to accept your fee the time to get 6 confirmations is doubled on average. That way most users will only pay a fee that enough (but not most) miners will accept. These miners will make more profit (from transactions the majority reject) while only contributing a minority of computer power. So the rest of the miners will have to also accept these low fee transactions, and there is really no motivation for them not to, as the real cost to include a transaction is negligible. But then some miners will try to get an edge by lowering fee requirement even more, and the cycle continues.
  Once fees go way down, there is only profit in generating blocks if you can do that easily, but that will destabilize the whole BitCoin concept.
  The only thing that can save the day is the minimum fee of 1E-8, since there is no motivation to include a 0 fee transaction.
  My suggestion is to change the way block rewards work, so that mining goes on practically forever, and not stopping
~2138. But that's for another topic.
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