Saw this Twitter status update: Does the #bitcoin protocol have a version number that allows to upgrade if someone leaves the system for 5 - 10 years? http://twitter.com/stephanwehner/statuses/16224034316361728I think what is being asked is, if a client were not upgraded for a very long time, could it still communicate? Either way, will the future clients be backward compatible as far as being able to access today's wallet.dat? A lot can happen in 5 to 10 years. IPv6, various vulnerabilities discovered, encrypted wallet.dat, etc. (Incidentally, ... isn't the reason most who have left the system for 5 - 10 years due to being incarcerated?) |
|
|
|
The recent PC Word article described Bitcoin as a "decentralized virtual currency". I believe the description would have been more correct if the term used was "digital currency", as Bitcoin's FAQ describes it. I then read about Facebook Credits which were labeled as "digital currency". http://www.variety.com/article/VR1118028888?refCatId=1009Facebook Credits can accumulate but funds are one way, they can only be spent within facebook (e.g., on e-cards and for Farmville Cash). Is this a mis-use of the term digital currency, or is there a blurring of the line between the two. |
|
|
|
“Because so much of the world is under-banked, consumers want these services very much,” Mr. Mattatia said. In Pakistan: The service, called Easypaisa (100 paisa equal a Pakistani rupee), now has 500,000 active users who sent transactions worth a combined 5.5 billion rupees, or $64.1 million, in the first quarter of this year.
Most were domestic money transfers, which are limited to $120 a transfer. Telenor exacts a fee of as much as 5 percent of the transaction. http://www.nytimes.com/2010/11/29/business/global/29iht-mobilebanks29.html |
|
|
|
|
I sent a 1 BTC payment to MyBitcoin. At about 10 minutes later I got the Payment Notification email acknowledging the transfer. But my own client still showed unconfirmed.
When I logged into MyBitcoin ..., my Balance showed the 1.0 BTC.
Is the number of blocks needed before "confirming" a transaction something that is subjective? I.e., why does the Bitcoin client wait until a different number .. (6 confirmations, I think ... ) to change to Confirmed, than what MyBitcoin uses?
|
|
|
|
"Pay and Get Paid Instantly" "Trackable Transactions Without Sharing Your Financial Information" "No bank, account, credit card or cheque required" At first I thought the BC meant this was some Bitcoin-related endeavor. http://www.thebc.com/instantpayTrying to understand what it was (or will be, launches in January, per a Wikipedia comment), I started to think it was some type of myspace clone that requires you to pay to see images and listen to music ("collect royalty for every download", it says). I guess without a bank or credit card, the "Send Money Instantly" part would be from what you earned for your content. But then I see "Pay utility bills online at your convenience", ? ? ? Anyways, ... hadn't seen this before, thought I'd share it. |
|
|
|
Looking at today's transactions on Mt Gox shows 17,159 BTC traded over 22 trades at the same time. That's about $5K USD ... presumably in a single buy. The spread between the lowest and highest paid is 2.5% though most of the trade executed at the upper end, $0.2890. http://bitcoincharts.com/markets/mtgoxUSD.htmlIs there anything that this transaction tells us? I was wondering how much a buy of this size would affect the price. This one transaction represents 0.3% of all bitcoin in existence today. This one transaction was over half of all today's volume. Does this say that today there is a fairly efficient market? |
|
|
|
I plan to run the Bitcoin client on an underutilized server at an off-site location. I cannot remote into it and won't be back to that location for at least a couple of months from now. Thus I won't know if it generated any Bitcoin, nor would I be able to transfer it before my next visit. Should any Bitcoin be generated for it, will the address that the Bitcoin is sent to be the address that was initially generated for the client? If so, then as long as I record that address, I can then periodically check the status here: http://theymos.ath.cx:64150/bbe/address/xxxxxxx [xxxx = address] Additionally, if I created a backup of the wallet and have it with me, I should be able to fire up another client here, restore the wallet and be able to transfer the Bitcoin away, correct? |
|
|
|
|
In many areas of the world, there is not just limited connectivity, there is no Internet connectivity. But does that mean those people would be shut out from using Bitcoin?
Is there a way that Bitcoin transaction can execute via sneakernet? (i.e., the villager and his wallet stay home, but the transaction to pay was transferred to an agent which is then taken to a location that has Internet connectivity)?
|
|
|
|
Is that still true? In the past 24 hours, there were 263 blocks created. That's an annual rate of 95,995 -- which is more than all the blocks that exist today (92643 blocks, per http://www.bitcoinwatch.com ) From the FAQ, http://www.bitcoin.org/faq> As of October 30th 2009, there are about 26,000 blocks in the block chain, This means that since October 30th, 2009, there have been an average of about 174 blocks created each day (calculated as (92,643 - 26,000) / 383 days). Today's completion of 263 blocks is about 50% higher than that average daily number then. So I'm confused. And also, ... just so I understand this: So today's miners of the 263 blocks got 50 BTC per block, thus the day's inflation of the Bitcoin supply was 13,150 BTC, (or roughly about US $3,200.) Is that right? |
|
|
|
The following domain names are registered. Some might not be Bitcoin.org-related bitcoin.com [not related to Bitcoin.org] bitcoin.net bitcoin.org [main Bitcoin site] bitcoin.biz bitcoin.info bitcoin.us bitcoin-bank.com bitcoin-bank.net bitcoin-escrow.com bitcoin-gate.com bitcoin-online.com bitcoin-online.net bitcoin-otc.com bitcoin2cash.com bitcoinc.com bitcoincard.com bitcoincasino.com bitcoincentral.com bitcoincharts.com bitcoinsand.com bitcoindir.com bitcoindirectory.com bitcoindownloads.com bitcoinescrow.com bitcoint.com bitconex.com bitcoinexchange.com bitcoinexpress.com bitcoinforum.com bitcoingames.com bitcoingateway.com bitcoinhost.com bitcoinhosting.com bitcoinhyip.com bitcoinia.com bitcoinia.org bitcoininvest.com bitcoininvestor.com bitcoinlend.com bitcoinlottery.com bitcoinlottery.org bitcoinlotto.com bitcoinlotto.org bitcoinmap.com bitcoinmarket.com bitcoinmarket.org bitcoinmedia.com bitcoinmeter.com bitcoinpay.com bitcoinpeople.com bitcoinpoker.com bitcoinporn.com bitcoinreserve.com bitroundup.com bitcoins.com bitcoins.net bitcoins.org bitcoins.biz bitcoins.info bitcoins4cash.com bitcoinsex.com bitcoinshop.com bitcoinsportsbook.com bitcoinstock.com bitcoinstore.com bitcoinstore.net bitcoinstore.org bitcoinstore.info bitcointo.com bitcointrade.com bitcointrade.biz bitcointrust.com bitcoinwallet.com bitcoinwatch.com bitcoinxxx.com ebitcoin.com ibitcoin.com mybitcoin.com mybitcoin.net mybitcoins.com mybitcoins.net xxxbitcoin.com btcexchange.com btcexchange.org
Still Available: bitcoinbroker.com bitcoinfund.com bitcoinjobs.com bitcoinlender.com bitcoinmall.com bitcoinpal.com bitcoinstores.com bitcointrading.com bitcoinventures.com
There may be others, I found these using www.psychicwhois.com |
|
|
|
|
Let's say I lost my USB drive that had a backup (unencrypted) of my wallet.dat
How would I "invalidate" that backup?
|
|
|
|
|
Show Posts
