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1  Bitcoin / Development & Technical Discussion / Re: Evilness in the fees on: November 23, 2017, 04:43:55 AM
There is an incentive to manipulate the total fee paid per block by miners sending money to themselves with a certain fee below the expected cutoff for inclusion in a block.  That way it doesn't cost them anything to increase the total fee per block.
2  Bitcoin / Development & Technical Discussion / Re: 173000 unconfirmed transactions, 13 transactions per second on: November 13, 2017, 10:52:33 PM
There are still at least 13 transactions per second being requested.  I'm assuming this is an attack on the network, inflating fees for legitimate users in order to make BCH look more attractive.  Is there any way this can be mitigated?  Whoever is doing it doesn't have any disincentive to make them stop, they can just be sending coins to themselves with tiny or no fees, and most of the trns will time out (if that's the correct term).

If you reload this page the tps changes on each reload, anyone have a page with a dynamic count of transactions per second?

13 to 30, depending on reloads:

https://blockchain.info/unconfirmed-transactions

vs around 3 tps actually being processed

https://blockchain.info/charts/transactions-per-second

Sorry if I've gotten the details wrong here, please correct me if so.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin Under Attack Stay Strong on: November 12, 2017, 08:44:40 AM
Why is everyone against bitcoin cash? Is it only because you hold bitcoin?

Don't you think it's good to have bigger blocks and faster transactions? Makes bitcoin currencies more mainstream

All I know is that it detracts from and competes with bitcoin.  The publicity from this attack can only be bad for the price of whichever coin ends up on top.

It's a real concerted attack, with miners deserting BTC and the BCH price being being pumped at the same time.  Is there also a flood of BTC transactions happening at the same time?

I can't sell my BCH because I want to move my BTC off the same addresses first, and transactions aren't being confirmed fast enough.  Currently 46 minutes since the last block.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: One of the "big 3" exchanges in China announcement on: May 30, 2017, 10:12:34 PM
"Given this opportunity, we implore BTC Core developers and relevant Miners to work together and resolve any outstanding technical issues, activate Segwit, and solve BTC’s scaling issues. Our industry and the history of technology offers us many warnings, whether it’s the IE browser or the Nokia mobile phone. No matter how dominant, how much market share you have, if you do not adopt the latest technology and fail to constantly improve on the core user value proposition, time will pass you by. Ultimately, digital asset exchanges around the world can only advocate for the best technology and aim to provide the best trading experience for our clients. "

This is the concern for BTC.  Is it going to be the Nokia of cryptocurrencies?
5  Bitcoin / Press / [2015-12-14] Bitcoin mystery: Sydney ‘founder’ sold $85m in currency for gold on: December 14, 2015, 12:25:03 AM
http://www.theaustralian.com.au/business/companies/bitcoin-mystery-sydney-founder-sold-85m-in-currency-for-gold/news-story/c7b3b40de5b297e7c80f309f1f3c6df7

The site is paywalled, you might be able to access the article through the result of this google search:
http://google.com/search?q=Bitcoin mystery: Sydney ‘founder’ sold $85m in currency for gold


The Sydney businessman outed as the possible creator of Bitcoin paid almost $85 million worth of the digital currency to a controversial business figure to buy gold in an ­attempt to build his business, ­according to a Federal Court claim.

Craig Wright was last week named by prominent IT magazines Wired and Gizmodo as being the possible creator of the online currency Bitcoin — and therefore potentially worth hundreds of millions of dollars.

In the latest twist to the global cyptocurrency mystery, The Australian can reveal Mr Wright allegedly made a deal with controversial business figure Mark Ferrier in 2013 to buy gold and software with tens of millions of dollars worth of Bitcoin.

At that time, in May 2013, Mr Wright claimed he could draw on one “Bitcoin wallet” worth at least $100m, demonstrating huge holdings in the e-currency.

After the ­alleged deal between the two went sour, Mr Wright ­attempted to sue Mr Ferrier for $84.25m in the Federal Court in Sydney.

The court claim came soon after Mr Ferrier was arrested in Perth and extradited to Queensland for breaching parole on dishonesty charges in September 2013. Mr Wright discontinued the court action against Mr Ferrier in March last year. Mr Ferrier told The Australian yesterday he had “not received one cent from Wright” and had “never met the bloke” prior to the action being filed.

Mr Wright’s claims on huge holdings of Bitcoin have been seen by some as evidence that he is the creator of the currency as the ­inventor is believed to hold up to one million Bitcoins worth more than $500m.

The latest revelations come after The Weekend Australian ­reported that Mr Wright was threatened with bankruptcy between 2006 and 2013 over a debt of just $425,000, following a legal dispute with another business partner that saw Mr Wright have a restraining order issued against him and convicted of contempt of court.

Interest in the Australian IT entrepreneur and security expert has heightened after the IT magazines last week outed him as the possible Bitcoin creator, a man previously known only by the pseudonym Satoshi Nakamoto.

There has been a worldwide hunt for the elusive Nakamoto since the launch of Bitcoin in January 2009. The currency has grown in value to be worth $US5 billion.

The outing came as Australian Taxation Office officials accompanied by Australian Federal Police last week executed a warrant at Mr Wright’s Sydney home as part of a tax dispute associated with his companies.

The acrimonious dispute with Mr Ferrier allegedly started in 2013 when Mr Wright and Mr Ferrier met at a mining conference.

The pair allegedly agreed that Mr Ferrier would procure software on his behalf from global telecommunications giant Siemens and banking software from Saudi Arabian financial institution Dallah Al-Baraka Group.

Mr Ferrier allegedly claimed he would be able to buy software on behalf of his mining company, MJF Mining, and share it with Mr Wright for his own development.

Mr Wright alleged he was then encouraged to invest in gold by Mr Ferrier, who had recently embarked with ASX-listed goldminer Paynes Find Gold. As part of the deal, the miner would provide Mr Ferrier’s MJF with 50 per cent of the gold finds in return for providing machinery to the company. Mr Ferrier is alleged to have told Mr Wright gold was good security in the event the “funny money” of Bitcoin failed.

Mr Wright has alleged payments were made in August 2013 of $38.8m — then the equivalent of 245,103 Bitcoin — for Siemens software and gold from Paynes. He then claimed payments were made to Mr Ferrier of $20.3m — or 135,100 Bitcoin — in September 2013 for the “core software” from Al-Baraka. In September that year Mr Ferrier was arrested in Perth and the gold partnership with Paynes was discontinued.

In December 2013 Mr Wright filed actions in the Federal Court and NSW Supreme Court suing for his share of the gold, claiming the sum of $84.42m based on the market value of the alleged Bitcoin payments for the gold.

The dispute with Mr Ferrier is referenced in what is claimed to be a leaked interview transcript to Gizmodo between ATO officials and Mr Wright.

In that interview he claimed that “I did my best to try and hide the fact that I’ve been running Bitcoin since 2009”.

Mr Wright was interviewed about his companies — which claim to have paid up shareholdings of around $300m — as well his alleged dealings with Mr Ferrier. “My understanding was Mr Ferrier didn’t actually want any Bitcoin. He wanted the monetary value that he was going to get from these other guys for doing all the stuff,” he is claimed to have said.
6  Economy / Economics / How many Bitcoins does it cost to maintain the Bitcoin network? on: August 29, 2014, 11:27:14 PM

http://letstalkbitcoin.com/blog/post/how-many-bitcoins-does-it-cost-to-maintain-the-bitcoin-network

Discuss.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Official BitShares X support thread. [BTSX] on: July 27, 2014, 09:39:11 AM
No datadir=... option? I want to change the default directory (C:\Users\Username\AppData\Roaming\BitShares X).

edit:

Next question: How to fund my account and where is my wallet address???

This might help https://bitsharestalk.org/index.php?topic=5777.0

It's best to register a name, however to register a name you need BTSX, someone will send you, or I think there is a faucet somewhere to get started. It is supposedly anonymous. Make sure you back up your wallet from the menu once registered.


Is it possible to import protoshares keys (from Februrary) before registering a name?

I believe so.

It is 100% possible or you can go to the online wallet.   I don't have tone to track the link down at the moment.  Search my history ava you'll find the link.

**edit** sorry about the crap auto correct on my phone.

Thanks.

I don't even know what the PTS/BTSX ratio is.  Anyone know?  A lot of info to dredge through on the bitshares forum.

8  Alternate cryptocurrencies / Altcoin Discussion / Re: Official BitShares X support thread. [BTSX] on: July 26, 2014, 09:21:44 PM
No datadir=... option? I want to change the default directory (C:\Users\Username\AppData\Roaming\BitShares X).

edit:

Next question: How to fund my account and where is my wallet address???

This might help https://bitsharestalk.org/index.php?topic=5777.0

It's best to register a name, however to register a name you need BTSX, someone will send you, or I think there is a faucet somewhere to get started. It is supposedly anonymous. Make sure you back up your wallet from the menu once registered.


Is it possible to import protoshares keys (from Februrary) before registering a name?
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CRYPT] CryptCoin x11 + PoS | P2P Anonymity | 0% Premine | Commander on: July 14, 2014, 06:37:37 AM
Guys, I'm mining on p2pool, and it hasn't gotten a block for a few days now, because miners have left and the pool is getting a lower percentage of the network hash.  Can I ask that everyone point one or two of their rigs at the CRY p2pool network?  This aids the decentralization of the network.  A list is here:

http://cry.x11pools.com:8082/

Note that because of the fast block time of p2pool, you should connect to a pool geographically close to you.
10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 08, 2014, 01:17:24 PM
Guys and girls - this situation is going to resolve itself just like the situation in the 400s. We bounced around high to low and mid to low 400s for many weeks. Finally, there just were no more sellers. None. And once that happened, the bulls ran wild.

Well, that is what we are seeing again. No buying, but less and less selling. So unless sellers start selling more soon, then the selling will eventually slow to a crawl again. At that time, our only way forward will be up.

Now this could take another week or so or more - who knows - its all just "speculation" that we love.

But, me, I'm watching the sellers, not the buyers, for clues on how low this goes and where the local bottom really is.

Yeah I think there are just too many bulls expecting a bubble, can't go up when everyone is a bull unless there is a huge influx of new people getting into bitcoin. That's going to happen eventually but not as fast as people are thinking. Some impatient buyers have already sold and I see the number of bears increase again which is positive because we need them as fuel for the price to go up. Cheesy I don't expect a bubble any time soon but I do see 800-850 in the cards.


there will be no bubble this summer. in september (or whenever etf gets approved) a steady bull run will start. it may lead into another bubble in q4. july and august will stay boring...

Will the Winklevoss etf mean people are buying new bitcoin though?  Won't they just be buying bitcoin the Winklevii bought years ago?  (this sounds wrong but I'm too tired to work out why).  I mean, where currently someone would have to buy bitcoin on an exchange, with the etf, they will be able to buy from via the etf (which doesn't have to buy any more coins).  So the etf would have a negative effect on market demand (for the current markets) by this logic.  i.e. essentially it is unleashing a huge supply of the Winklevoss coins.
11  Bitcoin / Mining / On Mining - ethereum blog topic on bitcoins centralisation. on: June 20, 2014, 11:12:34 PM
https://blog.ethereum.org/2014/06/19/mining/

Quote
There has been a large amount of ruckus in the past week about the issue of mining centralization in the Bitcoin network. We saw a single mining pool, GHash.io, amass over 45% hashpower for many hours, and at one point even grow to become 51% of the entire network. The entire front page of the Bitcoin reddit was ablaze in intense discussion and a rare clash of complacency and fear, miners quickly mobilized to take their hashpower off GHash, and surprisingly clever strategies were used in an attempt to bring back the balance between the different pools, up to and including one miner with “between 50 TH/s and 2 PH/s” mining at GHash but refusing to forward valid blocks, essentially sabotating all mines on the pool to the extent of up to 4%. Now, the situation has somewhat subsided, with GHash down to 35% network hashpower and the runner up, Discus Fish, up to 16%, and it is likely that the situation will remain that way for at least a short while before things heat up again. Is the problem solved? Of course not. Can the problem be solved? That will be the primary subject of this post.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation on: June 19, 2014, 03:10:41 AM
Doesn't this seem counter productive?  -snip-

The idea is that when demand for the coin is high (represented by people mining it) the reward is higher as the market is there to take the coins, when demand is low the reward drops so as not to saturate an empty market with more coins. Having it the other way around so that when demand drops more coins are produced seems to be wrong. You would be bringing more coins to market when less people want them.-snip -

Will the "baseline" reward still be 400 coins (i.e. if the current difficulty == the average?)  I would lobby for the average reward to be halved at some stage in the near future, in the hope that my 600 hirocoin become worth something one day.
13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 15, 2014, 10:48:06 PM

(That said, I must also say that I don't see that auction as responsible for the current drop.  I imagine that most traders knew it would happen, so they have it "priced in" already; and most traders should not see it as a big deal.)

I think most would disagree, it seems clear that the sale is responsible for the recent drop.  If you want to keep to the efficient market hypothesis, you could say that a large percentage of traders thought the SR sale wouldn't happen, due to the US not wanting to be seen to sell bitcoins (because it would supposedly give them legitimacy).

Now has the market priced in the sale of DPRs coins?  I think the timing will make a difference, because of the limited supply of bitcoin on the markets.  The price will drop if/when he is convicted.
14  Economy / Economics / Re: Forbes 2014 btc prediction on: May 20, 2014, 01:27:48 PM
That article is from January.  Something would have to go drastically wrong for the price to hit the $10 mark predicted in it.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | cPoW | PC mining | Stability on: April 16, 2014, 09:08:39 AM
So why is the price going up at the moment?  Is it the shaq-fu game?  http://www.cryptocoinsnews.com/news/quarkcoin-partners-moolah-shaq-fu-2-team/2014/04/12
16  Economy / Speculation / Re: URGENT, Bitcoin is on the verge of collapse !!! on: April 15, 2014, 08:49:52 PM
I wish people would stop bumping this thread.  The title is so alarmist!  (I only bumped because it is almost back to the top of the list already).
17  Economy / Games and rounds / Re: 0.01 BTC Giveaway on: March 26, 2014, 10:54:50 AM
868
18  Economy / Games and rounds / Re: 0.01 BTC Giveaway on: March 21, 2014, 09:37:30 AM
301
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Who are the smartest altcoin minds on: March 20, 2014, 09:55:43 PM
sunny king

+1

and Mikaelh
20  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: March 20, 2014, 09:52:47 PM
This is going to get lost amongst the demands for adding a new coin, but can the number format be made uniform between currencies.  If you take a look at cryptsy, for example all prices are formatted so that the digits all the way down to 1 satoshi are shown.  For example 1 doge is 0.00000126 on cryptsy at the moment.  You could format the bitcoin price of all currencies as 8 digits after the decimal place, and this would be more uniform than breaking into scientific notation for the lower valued coins.

Which is more legible to you in a table of prices?

0.00000126
or
1.266e-06 BTC

I'm not sure where you get the extra decimal place from.  Is that due to the averaging? 

Thoughts?
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