Bitcoin Forum
September 26, 2024, 08:04:51 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Armory / Bitcoins stuck in Armory Wallet on: March 28, 2017, 01:04:14 AM
I have tried many times to send a transaction out. I keep getting tx timed out errors.

i am running bitcoin core 0.14.0
Armory 0.95.1


i tried to clear all unconfirmed. that did not work.


2  Other / Off-topic / Re: Increase currency divisibility with soft-fork on: July 21, 2015, 11:32:54 AM
Increasing currency divisibility is listed as a hardfork in bitcoin wiki: https://en.bitcoin.it/wiki/Hardfork_Wishlist#Currency_changes

Actually it could be done with a soft-fork. (This is only for academic discussion. I don't think we will ever need to divide a satoshi)

1. Redefine OP_NOP1 as OP_PBTC (1pBTC = 1,000 nBTC = 10,000 satoshi)

2a. To mint pBTC, the total output value must be smaller than the total input value (let it be n satoshi)

2b. With n satoshi sacrificed, the user may, in the scripts of other outputs, embed this command
Code:
<amount> OP_PBTC OP_DROP
The sum of <amount>  must be equal to or less than 10000n

2c. Instead of taking n satoshi as fee, miner can only take not more than
Code:
n - SUM(<amount>/10000)
So SUM(<amount>/10000) satoshi will be destroyed in the minting process

3. Transfer of pBTC follows existing rules: the total amount of pBTC in the outputs must be less than or equal to the total amount of pBTC in inputs. In the "less than" case, miner will take it as fee by embedding OP_PBTC in coinbase output(s)

4. In about 2049, the miner reward will drop from 0.09765625 to 0.04882812, with 0.5 satoshi lost. At that time, miners will be allowed to include extra 5000pBTC in their coinbase output(s).  

5. The effective value of an output is amount of satoshi + amount of pBTC/10000 .

6. It will not break existing clients, but they will underestimate the true value of an OP_PBTC output.

Notes:

1. Minting of pBTC is an one way process. It is not possible to "merge" 10000 pBTC to make it become a traditional satoshi again. This will be a hard-fork

2. pBTC is actually a special type of smart property/colored coin

3. Comparing with a hard-fork, there is at least 3 bytes of overhead (an OP_PBTC, an OP_DROP, and an extra OP_PUSH for <amount>). However, it is more economic than a hard-fork if there is no pBTC in output.

4. We will face the same miner reward problem again after a few reward-halve: 5000pBTC->2500->1250->625->312->156

5. With a similar scheme, we can further divide pBTC with soft-fork


interesting how you admit this is a "scheme".. because that is exactly what it is... a scheme to make more bitcoins out of thin air turning it into a glorified fiat currency.
3  Bitcoin / Bitcoin Discussion / i am starting to turn against bitcoin technology .. on: July 11, 2015, 04:21:19 PM
i have several strong arguments against bitcoin technology.. i have been wronged multiple times for no reason. i am like everyone else here doing the same things everyone else here is doing.. except i am being wronged.. i am going to turn against this technology because of it. i always say friends is better than enemies, but once i am forced to turn then i say some enemies is best to stay enemies. this is the warning shot over the bow. keep wronging me and i am going to turn hardcore against bitcoin technology .
4  Bitcoin / Hardware / antminer colony cooling temperature reduction 5 to 6 degrees .. on: April 11, 2014, 07:57:46 PM
u know what u are right.. so i will delete this .


5  Other / CPU/GPU Bitcoin mining hardware / UPGRADE: ASUS r9 290x video card with new cooling system on: March 08, 2014, 08:36:42 PM
hello everyone .. i am upgrading my asus 290x video cards with new cooling because today i think these cards running at 95 degrees is way too much.
6  Other / Beginners & Help / hello everyone i am here for specific purpose .. on: January 16, 2014, 09:19:05 PM
to buy mining hardware .. can i have access please. thanks .
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!