  The mini paper wallet on the back is held in place with a clear sticker, showing the public key, peel off the sticker to reveal the private key. might be hard to see on the pictures, but there is a small circle grove in which the paper wallet fits so that the back of the coin is totally flat. Auction is for 1 Coin! starting bid 0.001BTC min bid increment 0.0001BTC Ends if no bids have been placed for 6hours |
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5 Bitcoin Vires In Numeris 2012 Physical Bitcoin Wallet same as the brass 1BTC coins, the 5BTC the mini paper wallet on the back is held in place with a clear sticker, showing the public key, peel off the sticker to reveal the private key. might be hard to see on the pictures, but there is a small circle grove in which the paper wallet fits so that the back of the coin is totally flat. Auction is for 2 Coins! starting bid 0.001BTC min bid increment 0.0001BTC Ends if no bids have been placed for 6hours
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how much would you pay for MY account. not real auction, just want to see what adamstgBit's account is worth, for lolz  |
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5 Bitcoin Vires In Numeris 2012 Physical Bitcoin Walletsame as the brass 1BTC coins, the 5BTC the mini paper wallet on the back is held in place with a clear sticker, showing the public key, peel off the sticker to reveal the private key. might be hard to see on the pictures, but there is a small circle grove in which the paper wallet fits so that the back of the coin is totally flat. Auction is for 2 Coins! starting bid 0.001BTC min bid increment 0.0001BTC Ends if no bids have been placed for 6hours
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5 Bitcoin Vires In Numeris 2012 Physical Bitcoin WalletI don't have pictures of the 5BTC, but it looks exactly the same as the brass 1BTC coins. the mini paper wallet on the back is held in place with a clear sticker, showing the public key, peel off the sticker to reveal the private key. might be hard to see on the pictures, but there is a small circle grove in which the paper wallet fits so that the back of the coin is totally flat. starting bid 0.001BTC Ends if no bids have been placed for 6hours
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It dawned on me what if i wanted to store a video on the blockchain, i can't! 1MB limit.
i want to store a video in an permanent, unalterable, easily accessible, way. the blockchain is perfect for that.
i guess i could sign the video and save that sig to the blockchain, use that as proof the video is authentic. but that feels like a work around.
is there a TX_Data_Max? should there be?
how much fee would a 8mb file cost?
is this abuse of block space?
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As costs / resources required to run a full node increases node count decreases. even if these cost are minimal to most users, the fact there is no direct incentives to run a full node means most users won't. a lot of users probably rationalize not running a node by thinking "there is already enough nodes on the network what's 1 more going to do."
how do we fix this?
first off the main cost to run a node is bandwidth, not everyone can consume GB's of bandwidth daily and so not everyone can participate. why not make different types nodes to accommodate more users.
limited-full node:
configured to use minimal bandwidth, it would not make its blockchain available other nodes to sync from, and limit the number of connections.
full node:
configured to do everything but with some limits to make sure bandwidth it uses will never exceed a typical home connection's capacity, with some limits on number of connection, and limits for the kb/s it allows peers to download its blockchain.
super node:
configured to utilize above average internet connections, to connect to as many peers as possible, and allow peers unlimited kb/s blockchain syncing.
All these settings could be available on the GUI bitcoin-core, and fully configurable ( number of peers, max kb/s, blockchain pruning etc.). this way it's possible for a low end users to still participate in the bitcoin network.
To further incentivise nodes we could ( maybe in a decentralized trustless way) pay out some BTC amounts to node proportional to their level of participation. Sort of like crowd funding, but directly built into the protocol. users who wish to incentivise the network could make a donation to a BTC address whose funds are used to periodically reward nodes on the network.
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so after all the discussion that's been happening, i feel it's time for a new poll.
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Put block limit at 1GB
Have minners send blocks using encoding ( new 1GB block need only 4MBs to be propagated )
Requires full nodes and miners to be sitting behind >2MBPS internet connection with unlimited bandwidth.
and there you have it, bitcoin may now include 3 Million TX pre block, is that worth a little centralization?
how much centralization would this really require?
not much!
First off, the centralization would happen VERY SLOWLY, because obviously bitcoin isn't suddenly going to experience a 100,000X increase in transactions over night.
Second, once / if bitcoin does reach close to 5000TPS the requirements for miners and full node to run isn't very high, we're still taking home garde computers with home grade internet being able to handle this.
Third, ATM miners and full nodes are already somewhat centralized it's likely that these minimal requirements won't affect anyone at all. China might be affected once TX vol gose up 8X then it currently is today, chinese poeple may be required to run their full node outside of chain. so what? they will still be able to mine they won't give a shit, only you give a shit because you're scared of a Gigabyte.
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1MB limit will lead to higher fees, at one point only very large TX made by large entities will happen on the main chain. some poeple say that's fine, bitcoin is gold not pocket money. fine, then tell me what is the incentive for home users to run a full node when they can't even use the network? there is none, so they wont, only the large entities actually using the blockchain will run full nodes. even worst, off chain solutions will likely involve a trusted 3rd party. there you have it, my logic is irrefutable, the 1MB limit will centralize bitcoin! |
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anyone know?
what kind of compression do they get on a 1MB block?
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pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.
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if we keep the 1MB limit fees go up but mining is easy even with a really crappy internet connection "more decentralized higher fee"
if we up the limit to 32MB fees remain unaffected (very low) but you need a reasonable internet connection to mine "more centralized lower fee"
what if we could use the block limit to make sure fees are always ~5cent
if the avg fee is <4 cents lower the the limit
if the avg fee is >6 cents up the limit
simple enough.
this way block limit will increase with demand and is sure to be as low as it can be to allow for free TX being processed but free TX will always take alot of time because most blocks are filled with TX that have a fee, and that's the reason poeple pay fee to make sure they get confirmed ASAP.
the balance between decentralized and low fees is always such that free TX are slow but possible
cool no?
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XT is out
Core is good enough for now...
Sidechains are cool, but dont yet exists
So all we need is to "kick the can down the road" so to speak
Just a little longer, Just a little longer
BIP100 allows miners to do just that,
in a predictable as needed basis.
Vote BIP100 today.
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This is an experiment, if the poll shows 90%+ votes for one option for over 12hours, a donation will be made to https://worldaid.org/donate-bitcoin-for-charity/. you can change your vote at will, and discuss / try to get everyone to agree to a specific option. What should be the threshold for saying "miners are in agreement BIP XXX wins!"assume that only miners that vote count, miners that don't make an effort to vote are said to throw away their vote and are not considered.good luck. |
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