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Would this position be available to college students? (IE I can do heavy, daily work during summers but then during the school year practicaly available only on weekends)
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This is a project that would cost you around $1000 to do since the programmer would have to spend weeks putting together and you propose a profit split? Are you insane?
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I don't believe there are much companies you can refer to when dealing with bitcoins...
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Sites like coinbase and inputs.io make it really easy. But I'll talk about the proccess on inputs.io but the proccess is fairly similiar to coinbase. To start accepting payments all you have to do is add one of these <script src='https://inputs.io/js/buttons.js'></script> <a href='https://inputs.io/pay?to=messagecoin' class='inputsio-alt' data-to='messagecoin'>Buy Now</a> With that code this will appear.  Although that be a buy button for me, see the actual inputs.io or coinbase page on how to make a button for precise code. You add a note to label the transaction to be able to recognize it, inputs.io lets you disable the field so that user can't change it. So let's say a user makes a buy on a button labeled "website buy for user: torba", inputs.io will then visit a url you specify on the settings page with GET data saying that a transaction with amount x, with note "website buy for user: torba" has completed. You just make a script that responds to inputs.io visiting a certain page and thats it. Again read inputs.io or coinbase documentation on this, I'm just providing the general idea. Coinbase let's you get btc addresses with custom callback links through their api. |
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Every time someone makes a "Oh you bears are funny and wrong", it gets inverted into "Oh you bulls are funny and wrong" and continues this cycle many times.
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I get this SOMETIMES when trying run the command "listTransactions":
'code' => "-32603"
As I understand it, that's an internal error (according to default json-rpc error codes). And it seems to happen at random times for brief moments. Like for example, Yesterday it returned me that error on listTransactions request between 8pm and 12pm, then it started actually processing requests, then it came back into giving me errors. WTF? Anyone else having trouble with their unstable json-rpc api?
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After a while time logged in just becomes days and days and days, I believe after the 2 day mark of time spent on this forum people get de-sensitized to it  |
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You probably will, money is money |
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 I'm hoping to host a Hold'em poker game mostly for fun, maybe find out who the good poker players are on this forum  So here it is, the late night (for US at least) Torba Table Tourney, where there is really no risk and lots of fun (outrageous betting etc) at No more, deadline passed1000 chips free on register provided, buy in is 200. If you win, it goes into your overall balance which should put you pretty high up on leaderboards, where high positions on leaderboards get actual btc (.5 for first, .3 for second, .2, .1 , .05). The poker site: http://bitspoker.com/This is an experiment of some hopefully really casual play, tell me if you are in via reply. |
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1. Set a "Bitcoin is never going to reach this price" order
2.??
3. Bitcoin reaches it
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In past 3 hours
High: $109.96
Low: $100
Opening: ~$102
Closing: $105
This is what an earthquake looks like when graphed.
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This thread: "how I learned to stop worrying and love the ~10 min conf time."
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Imagine in 10-50 years, when there are beyond billions of transactions monthly, the amount of resources a bitcoin blockchain takes up will be so out of control that only large data centers can support it. And whoever has enough money and resources to be able to service the entire blockchain has in essence centralized a decent chunk of bitcoin, and I'm assuming that there would only be at the most 10 block chains in existent if it's that out of control. It's pretty likely bitcoin will grow faster than moore's law.
So how will this impending centralization be stopped?
well the devs have been pretty clear that they dont have any interest in stopping this. the idea i think is that by the time it became that centralized it would be so mainstream that we would already be past the point where governments had any hope of shutting it down, even if it was centralized. many of us though would prefer that they not raise the max block size and off chain transactions could pick up the slack. we believe the market would invent clever decentralized(ish) mechanisms to deal with this problem if there were a market for it. One idea is bitcoin denominated chaum tokens maintained by a network of ot federated chaum banks. these chaum banks would be more centralized than bitcoin in its current state but much more decentralized than what you were talking about in your post, and most likely highly adaptive. if the government could locate and take out 1 chaum bank operator more would spring up to take his place instantly. one idea i like is using multisgnature transactions to create a risk fund that would allow you to create trust with a bank than could handle off chain transactions for you. this way you could use on chain transactions for large transactions, which would be good since you wouldnt want to be forced to risk a huge amount of capital to make off chain transactions, and you could use off chain transactions for smaller transactions, which would be good because you wouldnt have to risk a lot for small transactions. The chaum bank idea will essentially create a competitive system, and banks who cannot win over people will simply die off. There would be a lot of ignorance and people would just ignore and "limit" until it creates a catastrophic effect. |
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Imagine in 10-50 years, when there are beyond billions of transactions monthly, the amount of resources a bitcoin blockchain takes up will be so out of control that only large data centers can support it. And whoever has enough money and resources to be able to service the entire blockchain has in essence centralized a decent chunk of bitcoin, and I'm assuming that there would only be at the most 10 block chains in existent if it's that out of control. It's pretty likely bitcoin will grow faster than moore's law.
So how will this impending centralization be stopped?
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Slowly as in not comparable to say the transaction speeds you can accomplish with a credit card.
I've been searching for answer to this. Is there a specific component like network propagation that severely effects processing time?
encryption No. It is not because of encryption. It is slower because a credit card transaction is sent to a central payment processor. Bitcoin's design purposely avoids having a central payment processor. There are several benefits, but the trade-off is that it takes longer to validate a transaction. In the future, there will probably be services built on top of bitcoin that will enable nearly instant validation of transactions. "Services that enable instant validation", thats a really really interesting idea. |
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Miners need to include the transaction in a block to confirm it. It takes times and processing power to find a 'block'. https://en.bitcoin.it/wiki/BlocksIf you don't wait for any confirmation then the transaction is almost instant but is unsafe since it could be a double-spend. No confirmation transaction speed depend on network propagation. I wonder how credit card companies/banks avoid that issue Centralization  |
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Does difficulty in stopping a double-spend increase with amounts of spend attempts?
I've been wondering how the network would deal with some person with malicious intent who has 20 computers around the world send the same transaction to various people.
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Slowly as in not comparable to say the transaction speeds you can accomplish with a credit card.
I've been searching for answer to this. Is there a specific component like network propagation that severely effects processing time?
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And then the bitcoin forum trembled, for a great prophet has spoken.
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