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1  Bitcoin / Bitcoin Discussion / Re: Why can't I send 0.1 BTC on: May 26, 2011, 10:50:52 AM
Hello,

I'm trying to send 0.1 BTC from the official client (Version 0.3.21 beta) but I get an error message suggesting (or rather forcing) me to pay 0.01 BTC for transaction fees since the transaction is over the size limit. I find this strange since I can send this amount from MyBitcoin.com without a problem and furthermore the wiki states that only transaction less than 0.01 BTC or bigger than 27 Kb should incur transaction fee (https://en.bitcoin.it/wiki/Transaction_fees).

Can anyone explain this error message?

Thanks in advance,
Mosh.


"There are no transaction fees" is not quite right - there's a cost for every transaction.

You do a transaction - It has to be verified.
This requires computing power by other partakers and electricity with it.

To prevent transaction spam and overloading the network with "worthless" transactions the client ( I suppose ) has a lock on too small transactions.
2  Bitcoin / Bitcoin Discussion / Re: Use for bitcoin: Hiding assets from government on: May 26, 2011, 10:46:29 AM
I'm going to make 3 usb thumb drives then bury them 5 miles apart. How do you suggest I weather proof them?

Sealed plastic bags should do the job.
Also put it in a metal box of some sort, otherwise it might get damaged by pressure etc.


And I'd recommend storing your wallet somewhere on the net, otherwise you might run into bad luck if you get out of jail after 20 years and they had the idea of building a new skycraper cityscape at the places you buried your "Money".
3  Bitcoin / Bitcoin Discussion / Re: Maybe they can read this on: May 26, 2011, 10:15:59 AM
Trollololo

So you're whining about your bursted bubble in "getting free cash easily"... I think?


Also - you can't double spend.
Every transaction has to be verified by the cloud multiple times until it becomes valid.
Thus any manipulation will reveal itself as fake.
4  Bitcoin / Mining / Re: Help! How long it takes for deepbit to payout BTC into my wallet? on: May 26, 2011, 04:54:32 AM
A transaction has to be verified by other PCs in the network to prevent forgery.
Depending on the count of unverified transactions that might take a while.
5  Other / Obsolete (selling) / Re: Spike Knives (Hand Made) for BTC on: May 26, 2011, 04:35:24 AM
You can still kill a guy with them, right?

I suppose the railroad spike itself would already be more than sufficient.  Grin
6  Local / Deutsch (German) / Re: 10-millionen-wunder.de überzeugen on: May 24, 2011, 12:56:26 AM
In dem man nicht die entferntesten Glieder sondern die Hauptspieler in der Wirtschaft dazu bringt Bitcoins zu nutzen.

Namentlich Verbraucher und Anbieter.
7  Local / Deutsch (German) / Re: 10-millionen-wunder.de überzeugen on: May 23, 2011, 05:02:44 PM
Spenden sind schwachsinning solange sich Bitcoins nicht als globale Währung etablieren.

Selbst wenn sich hier 5 Leute finden die etwas spenden - das bleibt einmalig.
Und die Organisation bleibt auf - dubioser - Software und ein paar Bitcoins sitzen.
8  Bitcoin / Development & Technical Discussion / Re: A serious security update that should be made. on: May 23, 2011, 04:23:24 PM
Ha XD look at that. This is already being done almost exactly as I suggested. Great minds think alike.

"He that praises himself spatters himself."
9  Bitcoin / Development & Technical Discussion / Re: BitCoin Mining on Xbox 360 on: May 23, 2011, 04:10:30 PM
Xenus GPU about the equivalent in power of a Radeon HD 2900.

Playstation GPU ~ NVidia 7900GTX

.
10  Bitcoin / Bitcoin Discussion / Re: Accountability? on: May 21, 2011, 01:05:35 PM
@gringofyx

A bank is nothing more.

If your money was stolen ( to be fair the loss would have to be distributed by all users evenly based on the amount of money they paid in ) it is gone.

Period.

I probably expect my money to be fully returned, but that is just one of the things I compromise into my trust. If that trust is breached the Bank will most likely have a loss in reputation, thus probably customers.


If a Bank goes bankrupt I probably expect my Money back, but I most likely won't get any.



A Bank makes Money by having Money to spend ( donated by the Users ), so mainetaining a good level of trustworthyness is the most important thing for a Bank.
So paying refunds for stolen Money is something a Bank should heavily take into consideration.
But is by no means a law, unless it is somehow legally backed.
11  Bitcoin / Bitcoin Discussion / Re: Accountability? on: May 21, 2011, 12:49:02 PM
Well, Banks will sooner or later be etablished.
Anyone can be a Bank.

A Bank provides an enviroment to store BitCoins.

You provide trust.


All that is needed is a Website where you can register as User and a wallet which you can access remotely ( which is stored by the Bank, and actually also property of the Bank ) to perform transactions.


A Bank can gain trust by reputation or by legal backing.
12  Bitcoin / Bitcoin Discussion / Re: What to call 0.001 BTC? (5 BTC Bounty) on: May 21, 2011, 07:30:32 AM
Since the value of Bitcoins most likely will raise drastically I'd recommend using the smallest unit in the currency as basis.

Like for example the Japanese Yen does.

Price Numbers seem to be rather high compared to other currencies, but as seen by example it works.


so 1E-8 BTC = 1 Bitcoin
or 0.0000001

The only problem would be to bridge the gap aslong as BitCoins aren't as valuable.
There you can throw in filler units:

Like 1 BitCoinCluster for the current 1 BTC setup instead of 10 million BitCoins
and another unit for the transition between the two:

demi- or di- (Bit)Coin - ( demi = half ) which deals with 1E-4 or 0.0001 of the BitCoinClusters or 1000 BitCoins
160 di(Bit)Coins would approximate to about 10 cents/0.10$ at the moment.


1 BitCoinCluster = 10000 diCoins/demiBitCoins
1 diCoin = 1000 BitCoins
1 BitCoin = 0.0000001 BitCoinCluster


10.000.000 BitCoins = 1 BitCoinCluster
500.000.000 BitCoins = 50 BitCoinClusters ( upon each successful solve )

The prefixes could be:

BitCoinCluster -> either remain 'BTC' ( so the market dimension doesn't necesserily need to change ( like when 1 BTC suddenly is only 1E-8 of the previous BTC )) or 'BCC' for better fit
BitCoins -> depending on the Clusters either 'BTC' or just 'BC'

'BC' would be a gimmick since it is usually used as "Before Christ" and BC(BitCoins) are before BTC(BitCoinClusters) so it would make 'BTC' the initial coin into "Christ" and rendering the creator of these namely "Satoshi Nakamoto" into "our Savior".  Grin


also instead of solid prefixes something like:

C-Coin(Cluster-Coin)
D-Coin(Demi-Coin)
B-Coin(Bit-Coin)


could be used.
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