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I would suggest AGS donation from bitshares.org
They have done marketing very poorly, but I believe it has the potential to be unbelievably successful.
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Not cheap enough yet.
I feel your pain, but with the new features coming soon in 1.2.0 it's unlikely to go lower. I am prepared to wait. If not this then some other will show potential for a large rise. |
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And its going down fast enough. Unless you introduce a smoother reward decrease there is no future. The halving every 4 years is so archaic, I don't know why people still use it. |
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Its not decoupled as much as it has become irrelevant.
Litecoin is done, it has done well to be in the 2nd position but now it doesn't have any redeeming features.
So why aren't more Litecoin holders investing in development and infrastructure to keep it relevant in 2014? It seems like a waste to me. I have a soft spot in my heart for LTC and I hate to see the arrogance of the major players in Litecoin lead to it's decline. There's nothing wrong with it, there's no reason why it couldn't potentially be good again. Miners just mine and dump, they don't have much interest other than that. Thats the problem in PoW, the actual users don't have asay. |
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Its not decoupled as much as it has become irrelevant.
Litecoin is done, it has done well to be in the 2nd position but now it doesn't have any redeeming features.
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Is this tech unique or has already been implemented in other coins?
Vertcoin has dropped sharply, and will continue to do so until a smooth reward decrease is introduced.
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Is the price going down? I would love it if it happens; traded last 2 times and made a decent profit.
I love cheap NXT too  Not cheap enough yet. Have to see which price I would buy in again. |
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Netherlands looking quite strong. Shame that Chile had to go out in such fashion; had high hopes for them.
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Did i mentioned that i'm in love with GTA IV?
Found Vice City and San Andreas way better, and of course GTA V. The extra content salvaged GTA IV. |
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The solution to this "problem" could not be simpler.
We need more free pools.
Why is Eligius, with its difficult to comprehend CPPSRB payout system the only free alternative to free GHASH??
Simply make a free pool that is simpler to understand than Eligius and BAM... problem solved.
GHASH interface is cleaner than Eligius, and its payout scheme is easier to understand than Eligius'.
Shit Eligius pays out 105% NMC because many people can't even sign a transaction to get their share from the pool.
LukeJr and WK are smart and they're not lowering their standards to accommodate anyone.
What really sucks is that people like the OP here are sitting around complaining rather than pro-actively setting up a free pool to compete against GHASH.
Simply set up a free pool.
Its not simple, somebody deciding to attack will simply set up a few pools and offer rewards. This is an inherent flaw in any PoW coin. |
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It doesn't matter if the honest nodes don't want to accept anything from the attacker.
The attacker has enough hashrate to change the rules. How is the attacker (a miner and node(s)) going to force me to change the software (node) on my computer so he can modify the rules of the protocol? Easy, he can't. Seriously, either I didn't get what a 51% ownership of the network is, or you still don't understand the dangers of it.
Don't know which.
Maybe someone more knowledgeable on the subject can elaborate.......
Have you read the wiki which gives a very simple explanation of what an attacker with a lot of hash power can and can not do?Have you? Please stop arguing when you dont understand crap. Having a longest chain doesnt mean they can change the rules. The rules are set by nodes. In the event of 51%, there will be a folk of blockchains. The network can react by completely ignore blocks from the attacker (updating client required). This is a complete hard fork. Hence we only see this as disruptive attack. Its still a damage to bitcoin. Now, since GHash is a pool, the second they do this attack, its clients will move their hashrate else where and GHash will have nothing but shot themself in the foot. The practicality of this attack is close to nil. There is better way of hurting btc for far less the cost. CoiledCoin used merged mining similar to Namecoin. LukeJr was able to use Eligius' combined hashing power to execute a 51% attack against the new CoiledCoin blockchain. The Eligius-mined blocks contained no transactions, effectively slowing the function of the Coiledcoin network to a crawl. The same could be done with Bitcoin. I don't really think Ghash.IO has any intent to do anything but profit from being the largest pool any more than I thought Tycho intended to harm Bitcoin when Deepbit was the front runner. The possibility exists that a government or other entity that wants to harm Bitcoin does not need to invest a fortune in equipment to do damage. They can simply use your equipment to do it. PoW is a flaw that needs to be corrected before Bitcoin exits beta and becomes production software. Many would say Bitcoin is no longer in beta because the market cap says so. If that's true then this problem needs to be solved now before anyone loses any more money to this experiment. Thats the problem, if government or other malicious entity decides to attack Bitcoin it will set up a few pools and offer big incentives or force a couple of the bigger pools and it will easily kill Bitcoin. This so totally anti decentralized that I am surprised that we have reached this stage. |
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So celebrate this, what are we calling it? Victory? This 'victory' for bitcoin, but know that it is a victory that can, and will, bite some of you in the ass.
Why is it going to 'bite some of us in the ass'. I've booked a hotel with expedia in the past and didn't have a problem. I used a visa card. Next time I use expedia I may get to pay with BTC. I think that would be wonderfully convenient. Can you be a little more clear? I guess the ability to chargeback on your card is what he meant. Bitcoin transactions are irreversible but I guess they will still issue refunds. |
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Actually bought tickets two weeks back from Expedia. Won't be wasting BTCs for this, though it does sound cool Thank you for your feedback So you can tickets too now? Not only pay for hotel booking Yeah, my bad. I thought Expedia was accepting Bitcoins across board. This would be useful if you are trying to hide something from your significant other  |
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Is the price going down? I would love it if it happens; traded last 2 times and made a decent profit.
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Actually bought tickets two weeks back from Expedia. Won't be wasting BTCs for this, though it does sound cool |
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1 Timothy 6:10 The love of money is the root of all evil....
This is perhaps the most true saying I've heard. The love of money (or power, prestige, etc) is the root of all evil.
One day, one entity will control all the pools, it's that simple. All they need to do is make an offer that the pools cannot refuse.
I'm not sure if other mined cryptos are the same way since I don't have time to explore them. But in the end, someone or entity is just going to take over bitcoin in a fascist way.
Bitcoin is a technology demonstarator. In 10 years you will find it totally different in ways which we can't imagine now. Already something like DPoS looks promising, I am sure it will keep evolving and there will be much better options in future. |
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In that blog post the hacking, distributed guys lay out what they seem to think would be a good solution.
What solution exactly? I must have read a different blog than you did. I read a good description of some of the less-discussed attacks made possible by significant percentages of the network's hashing power. But I read precisely zero descriptions of ways to fix the problems. I can't think of any ways out of this problem. Maybe make it such that probability of getting a block doesn't scale linearly with hash power? But then that would have other problems. |
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The plot thickens  You all know this place is full of sockpuppets, its nothing new. True words sumantso. Why is it Bitcointalk team does allow these? Makes the forums an unpleasant mess. I think the reason mooted was that sockpuppets would get through anyway, might as well as make it obvious so that everybody is on alert. |
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The chance of an outright 51% chance is quite small as it doesn't make economic sense. The bigger worry, IMO, is the ability to decide which transactions to include which in effect means they control Bitcoin.
If, say they decide that they are not going to include Counterparty transactions, the execution time for Counterparty is immediately doubled to 20 mins and with a huge variation. The fact that a supposedly decentralised coin is almost controlled by 1 person/group is very scary
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Governments are controlled by money men. Make no mistake, banks have a huge influence on them.
Virtually all the political events, decisions can be traced back to money motives by greedy people.
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