I'd bet a million bitcoins silver wont go below $20 in the next two years but I don't have a million bitcoins.
So, put your money where your mouth is. What about betting 10 BTC or 50 BTC. I am sure you have at least 10 BTC, or 50 BTC.I would be willing to make that bet at 10 BTC. I propose these terms: If NY spot silver closes below $20.00 on any day between now and August 25th, 2013, I will pay you 10 BTC. If it doesn't close below $20.00 on or before that date, you will pay me 10 BTC. The official data source will be the chart labelled "24 Hour Spot Silver (Bid)" on this page. In the unlikely event that Kitco isn't around for the duration, or makes changes to that page or chart, we both agree to make a good faith effort to find a new official data source, and if that effort fails, the bet will be voided. |
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The communication necessary between a wallet and a node is really quite simple, if you strip it down to the bare minimum, and it is very possible to do it over JSON, or whatever. At the bare minimum, only two calls are needed. The first one is a way for the wallet to provide an identifier (public key, address, or whatever) and have the server return all transactions related to that account. The second is a way for the wallet to push a transaction to the node so that the node can relay it to the network. Note that this completely sidesteps the issue of interactive reception. The reason for that is that I consider it a matter between the node and the ecommerce software, not between the wallet and the node. The existence of blockexplorer.com should convince you that this problem is solvable. On the original topic of addresses, I'm all in favor of having many means of transport. But, we should always think carefully when adding a new format. For example, standard addresses contain redundancy so that we can detect errors when someone types them in, or does a copy and paste. The specification for QR codes also contains ECC, so it makes no sense to encode a standard address as a string in QR. We would be better off encoding only the address part, and leaving the check code out. I also think that firstbits is a bit silly, because I've never typed an address, and I don't think I ever will. It also throws away the check information, which is funny because it was allegedly designed for typing addresses by hand. But, I suppose in a way, it has a different means of verifying typing errors in that not every string is necessarily valid. And as far as you know, no one has sent themselves a bunch of transactions that just happen to resolve to common misspellings of valid firstbits addresses.  |
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The best quantum computation ever was the successful factoring of the number 15 into it's prime constituents, 3 and 5. It did this really slowly.
Quantum computing is interesting and worth pursuing for many reasons, but it will never be a useful computational device.
I don't really know the future, I'm just guessing based on the unsolved problem of reading more than a few qubits of information before it is lost to the environment. Or the unsolved problem of storing more than a few qubits of information in a device without losing it.
Beyond a few qubits, at least 2 but less than 8, you can't program a problem for a quantum computer and you can't read the result.
I'm going to disagree. The difficulties are, I think, just a matter of engineering. Extremely difficult engineering, to be sure, but with a huge payoff. Quantum information theory is too important to be left unused. |
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Were there counterfeit Bitcoins on the live Bitcoin network? No. Were "phony" Bitcoins sold to crash the price? Technically, yes.
Actually, no. No "phony" Bitcoins were sold in any way. REAL coins were sold, but from a hacked account. Big difference. One could say the sale was phony, but not the coins. That's not what I read. I read what elggawf suggests, that the hacker simply added a row to the mtgox database that says "me, +1,000,000 BTC" and then started selling them. Phony within mtgox's database, but no counterfeit coins on the network. Citation for that? Everything that I read about the mtgox thing said that it was a readonly attack. They got a copy of the database table with the hashed passwords, and started cracking them until they had an account with a large balance. |
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Just send some transactions back and forth between addresses that you control. Use multiple wallets to reduce correlations.
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Apparently I'm also a scammer, because I use dollars which I know the be worthless.
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I would like to add that statistics is the most difficult branch of mathematics that most people are even aware of. In general, if you can follow a statistical argument, it is almost certainly wrong.
His analysis probably isn't very wrong, other than the way he stacked all of the gray areas against, but there are some questionable areas.
For example, finding a block isn't really a function of the number of shares found. Shares and blocks are just two different thresholds on the same probability distribution. And hashes aren't counted, they are estimated. I don't know that it is necessarily wrong to use a probability distribution as the interval input to the Poisson function, but I can promise that if you get a number out of it, and not another probability distribution, you've missed some important steps.
At any rate, he is talking about a 5.6 to 6.5% shortfall. That's not nearly enough for me to worry about.
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Cry moar noob!
These threads are funny. It is like there is a whole internet full of people that can't possibly imagine that other people have different goals and motivations.
Here's a hint for you. If someone does something "wrong" on the market, that is an opportunity for you to make money. Take the opportunity, and shut up.
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Excellent. Now I can send some coins to my friend Scott using his shortened address, Joseph.8r
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I've been vague? You're kidding, right? I published a 15 page book and 2 lengthy posts in this thread so far. I would suggest the last thing I'm being is vague. Still, I can see how there might be gaps in understanding. It took me months to develop my thinking on this. I've introduced the concepts to the Bitcoin community in a period of around 24 hours. It's understandable that it's hard for people to wrap their head around.
Yup, I've read it all, which wasn't easy. You are certainly verbose, but still vague in that you don't explain. Also, it is your job as the writer to communicate clearly. Your implication that we (everyone so far) are all simpletons because we don't understand you is misplaced. We're not trying to convince people to replace the currencies they're using, not all at once anyway. If you read the book you would see I explain we give people incentive to participate by cutting their grocery bill. That's real money they would be saving so they would probably be interested, especially in this economy. People still need dollars to pay their mortgage/rent, car payment, buy gas, etc. Bitcoin can't help them there yet.
I don't see how this would cut anyone's grocery bill. Bitcoins would be worth the same in the local market as they are worth globally. Grocery bills would be the same regardless of the currency. Arbitrage will see to that. No, that's not my entire notion of how to start them up. Again, if you've read the book it explains what I call "Bitcoin Markets" and how they are set up by us creating a sort of "National Bitcoin Market" website which anyone can join to propose starting a market in their area. Then vendors and market hosts can sign up on the website and create the market from there. Since we are the ones setting up these as yet non-existent markets we get to pick how they operate and what currency they use, just like the creator of the LETS system (a fairly successful system in its own right) did. By the way, I'm all in favor of helping more markets emerge. Local, internet, global, whatever. I just don't think that you've said anything substantial that hasn't been discussed to death here a hundred times before. |
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Those are rejected blocks.
Look at the summary screen. It shows 85 (86) for the 5870, 68 (69) for the first 5970, and 107 (110) for the second 5970. Those match up with the 1, 1 and 3 showing in the device tabs.
Actually, the (bracketed numbers) in Guiminer are an hourly running total (current 60 minute window total) that rises and falls....... Ok, giant coincidence then. |
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You've only said one concrete thing, that we should move the decimal. Everything else that you've said has been vague. First, we set it up so that local economies can develop.
How do we do this? How do you convince people to replace the currencies they are already using? You spend a lot of paragraphs explaining how these local markets will revolutionize bitcoin, but your entire notion of how to start them up is: We also make it so that the participants will be using Bitcoin as their trading currency.
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Why would C and D not start doing something else? Or fish and get fruit for themselves? Why does GDP matter? If people want to consume less, so be it.
This is a good and natual question, but my example just show the theory, not necessary to be 100% exact In a developing economy, C and D can do other things that A and B are interested in to make a living, so expand the whole economy, this has been the case for hundreds of years But in a developed economy, almost every thing that A and B are interested in have already been produced by E,F,G,H etc... C and D has become so specialized in their branch and if they quit the job, they might not be able to find other thing that A and B are interested in to make a living And C and D basically lost the possibility to make a living by fishing and picking fruit for themselves, because the living cost is so high that just fishing and picking fruit all day is not enough to pay their rent Ever hear of Ned Ludd? This was pretty much his theory. It was wrong then, and it is wrong now. |
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Start -> Run -> cmd.exe  |
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It is really too bad that you didn't read any of the other three thousand threads on this.
Moving the decimal point does not change the value at all. If it did, Zimbabwe would have had the most amazing economy ever as they shifted their decimal point over something like 13 places.
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Misleading thread title.  I thought this was an announcement of a new service for pimps. |
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As I expected, nothing new here.
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These aren't very powerful. You wouldn't get much out of it.
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Personally, I love OpenSCAD, but it really isn't for everyone.
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There are about five thousand threads on this forum about moving the decimal point and changing the inflation/deflation policy. This long post that you are hyping had better add something new to the discussion.
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