Micon - I am willing to increase our bet up to an additional 100 BTC. If you agree, we can both just pay the original bet address.
I'm in, just please agree to these restated the terms (as this is gonna be a ~ $10k bet when book, who knows what it will be worth when settled) : SgtSpike bets 100 BTC that this statement is true: BFL will ship out 3+ ASIC mining devices capable of at least 150MH/s per watt to at least 3+a customers who post pix & verify hashrate by 12:01am EST 7/1. No BFL-employee or anyone that has been to BFL labs personally to settle the 3 customers pix & hashrate. Micon bets this statement is false, also for 100 btc. Unlike the betsofbitco.in fiasco, I don't believe there will be a problem between 2 gentleman bettors. Result should be abundantly clear on the morning of 7/1 Just agree to this and we can both hit the hash. Sure. I would like to further clarify: The terminology included in this bet does not change the original 20 BTC bet in any way. The original 20 BTC bet is only held to the terms specified at the time of the original bet.(My changes in bold): BFL will ship out at least 3 ASIC mining devices capable of at least 150MH/s per watt to at least 3 customers (at least 1 device per customer) who post pix & verify hashrate by 12:01am EST 7/1. No BFL-employee or anyone that has been to BFL labs personally to settle the 3 customers pix & hashrate. If BFL ships out devices that do not meet the power requirement, this does not conclude the bet. As long as BFL ships out at least 3 ASIC mining devices capable of at least 150MH/s per watt to at least 3 customers who post pix & verify hashrate by 12:01am EST, the statement is true, and the bet is won in SgtSpike's favor.If you agree to my statement as outlined above, post here stating as much, and then we can both send in our 100 BTC to the original Bitcoin address, 1B3EAGAgXoALFd6o9762hitoCyH61JxF4Y |
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They were even kind enough to add a smilie face for us! Well, that's the format for the exchange. e.g., (AAPL :NASDAQ). But MTGOXUSD has no exchange so it is blank (MTGOXUSD  Then clearly it should be (BITCOINUSD :MTGOX) right? The problem is BTC-e and BitStamp have their own books. Gox has the API (for whatever that's worth) for CNBC to get a direct real-time price that the market is moved by. Can't wait til this stuff is scrolling on my TV screen and goes blank when Gox goes offline. They are in no way, shape, or form prepared for this. So really, we just need someone to aggregate the data from all exchanges into an API-like format for places like CNBC to grab. |
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I have been promoting bitcoin in Portland full time for the last year. I have left bitcoin info cards at hundreds of stores and restaurants that I have gone to. I have a handful of merchants locally accepting bitcoin including Harp vegan cafe, Mirador community store, Thirst PDX health store, FloatOn float tanks, and others that are soon coming online. Ive gotten dozens of Etsy merchants based out of Portland to accept bitcoin, such as http://www.etsy.com/shop/tarabrisbine , or you can get hypnosis sessions locally for bitcoin from http://jillianbrownhypnosis.com/. Ive given talks to the bitcoin group that Ive organized over facebook with over 100 members now. We had a meeting last month with 25 people, and have our coming meetup this sunday. I gave a talk on bitcoins to the Business Technology class at the local community college, as well as the local Silver and Gold club, and at the Occupy Portland events. I have sold bitcoin to many dozen people via localbitcoins.com, got them setup and showed them how to use it. I am scheduled to be on a currency panel being interviewed on KBOO radio in two weeks. TIL osmosis is single-handedly responsible for bringing Oregon to the top of the Google trends for Bitcoin. |
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Only medical mary j. Not sure why it is popular in Oregon. I live there and don't know anyone that uses bitcoin.
Was thinking the same... I'm in Eugene. There is a pretty strong libertarian movement going on in Oregon, and bitcoin has infected it. I just created a meetup.com group for it: http://www.meetup.com/Portland-Bitcoin-Group/Only three people are on the meetup group so far, but the meeting this sunday should have many more as it has been passed around a lot in email. Also, Intel is located in Oregon, and bitcoins are starting to get pretty popular on the intel campus. Finally "it is full of alternative minded people" is totally right on. Interesting - I was rather unaware of the happenings in Portland regarding libertarians. And Intel - is that anecdotal? Have you heard this from people who work at Intel, or do you work there, or..? |
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That is pretty awesome. I've been expecting massive FUD like 2011, media feeding like sharks on how dead it is. This is refreshing. They acknowledge the hurdles but have learned it isn't so simple with bitcoin after the last time they all declared it dead, haha. Another thing too, with all the new people involved there are many more 'true believers' than there has ever been. Yes, more get rich quick speculators and complete newbs came too, but when some (or many) of them run away, there will still be boatloads of new people that understand Bitcoins potential and want to be involved.
I agree! The only reason I'm not buying more Bitcoin right now is just that I feel I would be investing more than I could afford to lose. EDIT: Also, 7000th post?  |
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Does it update correctly? Bitcoinity shows a completely different value.
"(MTGOXUSD)" |
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They were even kind enough to add a smilie face for us! |
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It is Start Over in the sense that the billions of nonces that didn't work for one block might work for the next block, you may as well retry all the nonces that failed.
Yes, the nonce starts at 1 again. |
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Just looking at some of the headlines in today's news makes me bullish. Not that many news outlets are calling Bitcoin dead or a failure this time around compared to 2011. I would say that more than half the news articles have a positive or neutral stance on Bitcoin: "Bitcoin fans put brave face on price fall" "Bitcoin Explained: Online Currency Has Real-World Investors" "'Bitcoin is not a repository of value, yet'" "Bitcoin exchange halted after panic 'froze the trade engine!'" "Bitcoin gaining wider acceptance" "Bitcoin Has Traditionally Been Volatile: Kenna" "Yes, Bitcoin is volatile. But it's still got defenders." "Gold, Twinned With Bitcoin?" "'Zerocoin' Add-on For Bitcoin Could Make It Truly Anonymous And Untraceable" "Would Mark Zuckerberg buy Bitcoins? The Winklevii did" "Bitcoin volatility caused by surge in demand, slow software" "Bringing Derivatives To Bitcoin Should Help Stabilise The Price" "Bitcoin anarchy in need of some rules" "DDoS cripples Bitcoin exchange Mt. Gox after trading resumes" "The Libertarian Party Is Now Accepting Bitcoin Donations" "I Tried Hacking Bitcoin And I Failed" "Bitcoin volatility due to growing pains: backer" "Largest Bitcoin exchange under fresh DoS attack" Of course, there's the usual reporters repeating phrases like "Bitcoin has no intrinsic value and will never compete with fiat". But those are to be expected regardless of what Bitcoin is doing and where the price is, and they're in the far minority of the news reports of late. What does this tell us? Well, it seems that despite the recent crash, the media generally recognizes that Bitcoin is far from dead, that it just has some growing pains to go through, and that it's still a potentially revolutionary piece of technology. Times will be interesting indeed... |
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Someone really doesn't want Bitcoin to succeed.
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The search for nonces changes every 10 minutes. An address with a lot of coin might be in cold storage and you might be able to search for months uninterrupted and your reward might be very high.
It's about 3,513,612,269,993,879,528,303,320,959,297,632,275,254,396,583,673,016,120,886,766 times harder to crack an address than to find a nonce that mines a block. Given that mining a block yields 25 bitcoins and cracking an address yields at most 21,000,000 that means that even if you crack the address that holds every single bitcoin that will ever exist, it's still 4,182,871,749,992,713,724,170,620,189,640,038,422,921,900,694,848,828,715 times worse than finding a nonce. Joelkatz, thank you very much for exactly th answer I was looking for. I am not into stealing but I am into understanding why this will entire bitsphere will work. Apparently i still don't understand mining. Isn't mining finding the nonce for the next block and that nonce is dependent on the previous block? So as soon as there is a new block, nonce searching has to start all over? Yes, it "starts over" after each block. But you have just as much chance at finding a block with the first nonce that you search as you do with the last nonce. |
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I don't know what support could do about it if you sent your funds to the wrong address. From what I understand, if it was a valid address (not the correct one, just a valid one), any given site's support is not going to be able to undo that transaction.  As for dashes not being a valid character, it's common for long strings -- like credit card numbers -- to be entered with dashes or spaces and those are then stripped out before use. Fair point about the stripping, but the checksum is 4 bytes long (~4-5 chars in base 58?), and a valid Bitcoin address also has to start with a 1 and be the correct length. The likelihood that his random string of numbers and digits met all of that criteria is extremely small. |
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The search for nonces changes every 10 minutes. An address with a lot of coin might be in cold storage and you might be able to search for months uninterrupted and your reward might be very high.
It's about 3,513,612,269,993,879,528,303,320,959,297,632,275,254,396,583,673,016,120,886,766 times harder to crack an address than to find a nonce that mines a block. Given that mining a block yields 25 bitcoins and cracking an address yields at most 21,000,000 that means that even if you crack the address that holds every single bitcoin that will ever exist, it's still 4,182,871,749,992,713,724,170,620,189,640,038,422,921,900,694,848,828,715 times worse than finding a nonce. Ok, what calculator do you use for those huge numbers that doesn't auto-convert to scientific notation? |
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It would take 100 billion years, constantly using all the power of the sun, for you to even have a remote chance at stumbling upon ONE address that has already been created before. Never mind whether that address has anything in it.
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Micon - I am willing to increase our bet up to an additional 100 BTC. If you agree, we can both just pay the original bet address.
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The lava is an illusion. I will stand firm and watch it fade away...
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