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1  Bitcoin / Armory / armory dice generated wallets on: July 24, 2014, 05:09:11 AM
Does armory offer dice generated wallets? If yes does the randomness of dice wallets remain with deterministic wallets? What other threats?
2  Bitcoin / Development & Technical Discussion / Block intervals and decentralization on: June 08, 2014, 03:40:54 AM
tl;dr higher number of rewards per day might reduce reward variance and increase pool decentralization


I have read arguments (from bitcoin devs) that lower block intervals lead to centralization because of block propagation time which makes sense at first look. However, Nnetworking tech improves and this might be a non issue long term

On the contrary are there  any arguments in favor of lower block time for decentralization of pools because there more blocks per day? (150 blocks per day are simply too few to expect a large pool market) More rewards per day will lead to lower reward variance and thus people are ok to use smaller pools.

Litecoin seems to have more active pools than bitcoin.  Doge looks even better with 1 minute https://pools.rapidhash.net (pool decentralization to be jealous of) and more transactions than litecoin despite the small market with ASICS already deployed. can bitcoin learn and adapt? Is it too risky and unproven?
3  Bitcoin / Development & Technical Discussion / Ideas for distributed bitcoin development on: May 29, 2014, 11:03:32 PM
Bitcoin development is not very decentralized.

First idea

Why not allow multiple testnet chains to have monetary value for a period of time say 1 year so that different testnet implementations (after one year reset) compete with each other and automatically fork the one with most hasing power? Various devs can own part of the testnet tokens so that they have incentives to improve the code.

What are the drawbacks?

Second idea

Allow devs to earn a % of next years fees if their approach is selected. Users can  select the best testnet might be by signing a messge based on stake. Bitcoin can have a fixed update cycle like debian....

Development needs a funding model to keep it going. Also the market knows better what features are important at each point of time.



Bitcoin is an autonomous corporation that rewards its miners for securing it but does not reward development of new ideas and adaptation. Thus we rely on foundations and the free time of devs.

Same model might be adapted to pay nodes after they serviced the network.
4  Bitcoin / Development & Technical Discussion / Question about script on: May 02, 2014, 10:18:15 PM
I was wondering if  a bitcoin script can be written to execute based on an address total balance. For example, if total balance exceeds a number of bitcoins forward it to another address. Any thoughts?
5  Bitcoin / Armory / Armory security on address reuse on: March 11, 2014, 06:42:43 AM
Hi all,

Is armory safe to REUSE the same offline bitcoin address with regards to recent SSL library linux issues and transaction malleability?

Thanks
6  Other / Beginners & Help / Hi on: November 23, 2013, 11:57:21 PM
Hi I need to write a post here to post my opinion to this thread https://bitcointalk.org/index.php?topic=343756.0. It's weird but i have to do it! Geez, I find this an awful way to welcome newbies. You guys are not very welcome to newcomers. You should find a better way to validate! Sorry to say that Reddit is doing a much better job on this! I guess that's why they got all the traffic from here. Anyway sorry for being aggressive and hi to all!
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