This site is being spammed all over the place the last few days, I would stay far away from it...

probably a scam, not to mention being spammed all over the web  (and darknet)

"two weeks"


Sorry, couldn't resist 

I have blk001.dat - 003 and index in my main Bitcoin dir, then there is another dir Blocks that seems to have similarly named files, these look like they have a more recent last modified date...so I guess these are the ones I want to keep?

EDIT: nuked everything except bitcoin.conf and wallet.dat and all seems well; had to redownload the blockchain again but that is no problem

I saw these videos last year...I'm still not really sure what to make of them. That bill dude is apparently in jail for the next 3 years or so for failing to register as a sex offender, and the girl he had "relations" with was apparently actually 12 and not 16.

So who really knows...the government has been known to use this kind of tactic to smear people it doesn't like; but similarly this bill dude could also be a liar. 

My C:\Users\[username]\AppData\Roaming\Bitcoin directory has ballooned up to approx. 17 GB and I feel like this is larger than it needs to be...

This is an old install that has been running since basically v0.3 and has never been modified or cleaned out.

Is there a way I can reduce this file size? and which files would be safe to delete to attempt this? I am ok having to redownload portions of the block chain but I don't want to lose my addresses...obviously (I assume wallet.dat is the only "really important" file I need to keep?)



EDIT: Sorry I realized this may actually be in the wrong forum section...please move this topic if it would be better suited somewhere else

Isn't there some sort of "minimum" that one must make in order for it to even be taxable?

Say...hypothetically, that someone was unemployed during 2010/2011, and did some small time bitcoin mining, but sold those coins back in 2010-11 and made less than $500 total from all the sales.

Aside from kicking themselves for not holding them and selling at the recent peak for $260....would the said person be liable for any tax on that "income"? Hypothetically again, if it were conducted via paypal and the sales were done OTC.

I get the same errors...
I second this, and would love to have an updated standalone package...at least if there is I can't find it

So this will require a "forced switch" to the "correct block chain", but who exactly has the power to do this?

I think a lot of the recent mtgox activity has been very shady, and I grow more and more distrustful of mtgox as time goes on...

For example, often it will look as if someone buys up lots of ask orders in an attempt to pump the price of bitcoins up, but I think mtgox could be just doing that on their own. They could just, for example, cancel all ask orders below $7 or so, gladly take the bitcoins from the users and deposit these in mtgox's own wallets. Meanwhile they can just credit everyone who had one of the cancelled orders with mtgusd in their account that mtgox can create out of nowhere. This will then net mtgox quite a few bitcoins as well as bump price of bitcoins up too while giving the sellers the illusion of a legitimately completed sale.

This is just kind of raw speculation but some recent market trends have me very confused and slightly concerned. When the mtgox price goes up rapidly after a large purchase, a whole lot of very low volume orders (like .05 btc or less) will rapidly be filled and the price will gradually go up as these ask orders are filled (it almost seems like the sum of all the sold coins would not be adequate to change the market price as much as it gets changed?). And then what?...this price increase is only temporary and whoever is buying up all these btc surely isn't hoarding them all only to buy high and then sell low once the price starts to slowly go back down? Maybe there is some arbitrage taking place here


This is all really just (mostly; somewhat) unfounded speculation on my part....but lots of the stuff going on with mtgox lately doesn't make sense to me...so either I'm being very naive, mtgox is being very incompetent, or mtgox is doing something to manipulate market prices (or some combination of all three?)

Yeah....the way this works out the scammer can conduct his scam without even having any capital of his own

This has been popping up a lot lately in #bitcoin-otc and #bitcoin-court, I would suggest that this topic be stickied so that we may prevent others from falling victim to this deviously clever scam  


Also check the ratings thoroughly. Just because someone is rated high and ident'd does not mean they are legit, there have been speculations about people pumping up their own ratings with multiple accounts

It seems that bitcoin 0.3.22 does not work with the 4-28 version of poclbm for mining locally

I don't claim to be correct in most of my answers and this is purely my take on things (I also have minimal formal education in economics), but I'll gladly add my 2¢  




Well technically there is nothing to back them aside from their perceived worth, and their momentum as a legitimate currency as bitcoin (hopefully) gains more widespread acceptance.
Also one could argue that they are backed by the electricity used to generate each one, which is a non-negligible amount. You could even go as far as to say they are "commoditized e-tokens" which conveniently package the use of electricity for re-sale, but this is kind of a stretch and is just sort of how I look at it. I suppose the actual cost of generating each coin is indeterminate, and the earliest coins would have used significantly less energy than the ones generated after difficulty has been 400,000+



I think that most of the market force right now is speculation, as it seems there are still relatively few outlets selling physical goods and accepting bitcoins as payment; you can get lots of services for bitcoins though.




I think this is still open to interpretation and depends where you live and what you're doing with your coins. If you really want to play dumb it's all just a "game" and you're sending e-tokens to other people that have no bearing in the real world. Obviously this isn't really true and I suppose there are likely tax and other legal considerations to take into mind when buying/selling bitcoins and stuff, but at the same time I think bitcoin still under-the-radar enough that you're not going to get an IRS audit for selling a few bitcoins here and there.



From my own personal experience, I've been conducting a lot of my business on IRC (#bitcoin-otc on freenode), just directly selling coins to other people who will give me USD in my paypal account for said coins. Mtgox is still selling your coins to other people, but in a more indirect and impersonal way.


Same as above basically; or you can mine them yourself



Like I said above, I think the main market forces are almost purely speculation right now, and this is coupled with the large difficulty jumps recently sort of propping the price up due to short term scarcity. I don't think that bitcoins have enough real world use to really be worth $9 each at the moment, but it would seem that most of the commerce right now comes from just buying and selling the coins directly, and the market is what determines the price...



"Falls apart"? I don't think anyone really has an answer to that right now. The difficulty keeps going up which seems to indicate growing interest, and the web traffic to the guides I've written to get started with mining only keeps going up and up. A lot of this may depend on the legal ramifications too, but if governments start outright banning bitcoin that is likely to just make it even more popular. But right now...with the price so high, I would not say that bitcoins are good for a long term stable investment, but they are definitely something to keep an eye on, and make some money on the side with as well if you are able

I kind of agree here...long polling would be nice 

Another thought, I think that if you add some sort of instant payout like deepbit has you will see more people using your pool

This looks cool, I hope to see more stuff like this

Been seeing lots of invalid blocks lately, more than usual...anything to be worried about?

Just chiming in that freenet is awesome and this sounds like a great idea

I was using deepbit's pool for a little while while yours was down slush, and I was wondering if you are planning to implement a pay per share model?

To me it almost seems like the people who are doing pay per share are getting slightly ripped off, and I much prefer the proportional method, but I am wondering anyway 

Eagerly awaiting full status report