Why the hell should I, a person who uses US central time, make a guess based upon GMT?
While you are clearly the most important center of the world, you are not the entirety of the internet. For example, by law in the UK (Interpretation Act 1978, section 9) whenever an expression of time occurs in an act, deed, or other instrument, the time referred to shall be held to be Greenwich mean time. It should be noted that the standard time 'zone' of the internet is UTC - nearly but not unambiguously synonymous with GMT. Furthermore 19/12/11 is an ambiguous dyslexic notation, to be replaced with international standard (ISO 8601), such as 2011-12-19. |
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I do think the wallet encryption is a waste of effort. But a side benefit is that the design of bitcoind has been pushed toward supporting addresses it thinks are "mine" without needing to know the actual private key. That has some good use cases.
That notion of 'mine' can and should be part of the wallet (or in that tier) not twisted up in the public global data model. I do think the local blockchain and wallet should be completely independent. However, this index, if added, would put bitcoind within reach of offering features where someone can implement their own wallet on top of bitcoind. The built-in wallet, in such a case, could be completely ignored. If this index gets built, bitcoind could easily support a "give me all unspent tx's for these addresses" RPC command, which would make a third-party wallet app on top of bitcoind much more feasible. Another RPC command to dump a transaction to the P2P network, and a way to get notifications/callbacks of incoming transactions/blocks would seal the deal.
tl;dr: many of the built-in features are far from the best implementation, but given this index and a few other trivial RPC commands, those built-in features can be ignored, replaced, and left for deprecation.
Is there a thread discussing modularization of the Satoshi client? I think a lot of people have simply focused their attention away to alternatives: libbitcoin, node.js bitcoinjs, and various web clients. I agree regarding Firstbits. I think it'd be great to see it in a 3rd-party client, but I don't think it should be placed in the standard client yet. Although, just FYI, the algorithm has stayed exactly the same since Firstbits was released. It's just, no one except myself knew how it worked with collisions in the same block when that question arose.
I'd like to see a discussion started though. I think awareness of firstbits needs to increase. I introduced a few developers who seemed surprised but immediately interested. As for collisions in the block, I thought they were first ordered within the block and then later assumed to be simultaneous within the block. There was a slight word-change to the algorithm, at least enough that someone had to make a change (maybe puik or genjix?). |
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Would the younger generation recognize the old PСФСР flag?
Russian Soviet Federative Socialist Republic
Российская Советская Федеративная Социалистическая Республика
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Proudhon, I bet you 50 Bitcoins that the price doesn't dip below $2 in the next 2 weeks.
lol I thought you (who?) had something worked out with Proudhon and were offering it to S3052...  This thread has some serious pronoun issues. Who and to whom about what are we talking about? |
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Like quantum physics, there is no concept of "local" in MerkleWeb. Each MerkleWeb network acts as 1 computer which many people and other technology can use at the same time.
As long as we are not using quantum computers, data is stored (or its XOR RAID-5 like difference can be calculated from data stored) somewhere, no? If enough data is missing (if enough RAID-5 disks catch on fire) is the entire address space corrupted? The rules of any specific MerkleWeb network could be set up to allow deletions.
Merkle-tree-pruning, yes. But if some code today addresses data that later 'disappears', doesn't the result of the computation become invalidated (not possible to be validated) at some point in the future? How could we address the 'latest' version of some material? (I assume data does not change in time and space) ... There's many ways to do it. Can anyone offer some ideas? What prevents MerkleWeb from becoming primarily a global public copy-on-write versioned filesystem? Could that swamp the benefits or would it only make the network more robust? ... (SVN) acts like a copy-on-write versioned filesystem but does it much more efficiently by only storing the changes and a little extra information for how to assemble all the changes into whole If every address bit is { 1 | 0 | null }, then like SVN, ZFS, Btrfs, CoW, every bit in time is a cumulative difference of all historical changes from its preceding past, then 'now' is the same as TIME = ( MAX_64_BIT_INT - 1 ). I don't think this will scale at all, but it's theoretically solid. addressing the full 128-bit address space would require more energy than required to boil the oceans. I would not think that the hash space should impact your address space size. I should think 128-bit address in 128-bit time is sufficient for binary bits (not quibits) during the lifetime of humans on Earth. I find the idea impressive, but I don't think it will actually work. ... Even with the incredible compression you expect to achieve, I doubt a global turing machine will need less than 2000 transactions per second. ... (such as generating vanity bitcoin addresses) will be possible without Fully Homomorphic encryption. Some types of verified work, particularly when you wish to keep secrets from the worker, may require cutting edge encryption, but I would think most repetitive tasks can be verified through random reprocessing checks. Many of BenRayfield's abstractions are beyond me, though fascinating. As far as I am concerned, a truly distributed generic computer(s) is very useful and would work. It would be very nice to be able to store data in the network (unlocked by local private keys) as well as distribute processing and pay only for cycles used. In fact, the user of services, rather than the producer of services, may actually pay. I would be more than willing to offer my local processing time, storage space, and bandwidth in exchange for credits for future distributed computation, storage, and bandwidth. I don't particularly care if those data and services are within one single MerkleWeb, or one of numerous addressible distributed grid computers. Those credits could either replace bitcoin, give it inherent value, or compliment bitcoin nicely. |
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 Not particularly relevant to Russian protests, but, this is my line of thinking. |
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Are 3-3-5s really this huge? Look at that RSI, above 70 for the first time in 6 months. The other "rallies" on the way down pale in comparison with this one.
You're referring to the a 3-3-5 flat within the correction? There is no doubt this month's impulse broke the channel in November. That's plain as day. But that alone says nothing about the possible correction since 19 October. With no other indicators, you must wait for the III.ii correction to confirm or deny III.i. III.ii should correct to roughly III.i.4 ($3) before continuing strongly up III.iii. II.correction should drop below $2. Anything else is purgatory. |
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Independence of concerns would go a long way to accelerate development and experimentation. Personally, I'd like to host the bitcoind south of the polar circle, pay someone for the service, or more trivially have a single standard bitcoind on a shared host (/var). A lot of the web clients and mobile apps seem to be recreating a wheel that shouldn't have needed to be recreated. If the blockchain and index is too big, slow, or bandwidth too expensive, then we should outsource the responsibility.
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From a merchant's perspective is there any difference between these scenarios?:
1) customer sends bitcoin from a Green address; merchant can see the unconfirmed transaction in the aether.
2) customer gives private key to merchant who then sweeps and transfers coins and can see the unconfirmed transaction in the aether.
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Firstbits are incredibly useful, but I think it should see more side adoption. There have already been a few minor tweaks to the algorithm (like collision handling within the same block).
As for the index, 4 bytes, 5, whatever, it should be possible to calculate the optimal radix-prefix periodically. I just can't imagine the index is a significant portion of the blockchain (before merkle tree pruning). But it's absence has philosophical consequences.
I think private key import is cool, but my consistent drum beating (from the side-lines) is for simplification, transparency, and modularization. I believe bitcoin could have been a lot further along if the core did not attempt to protect users, the wallet was plain text, the local blockchain and wallet were completely independent, and generally more hacker-friendly ... is the opaque nature of the bitcoin client a matter of different philosophies (monolithic GUI vs. Unix utilities), or the evolutionary consequence of man-decades of work and discussion over performance, scalability, and usability?
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I don't think that's a fair bet. It's like asking the bulls to bet that the price rises above $8 in the next two weeks. You also win if there's no movement at all. Perhaps add the option of a draw, suggest less than $3 vs. above $5?
* unless... did someone already made that claim (<$2 in 2 weeks)?
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I only mean for the shock value. I think the "B" could nicely replace the circular Pepsi logo, the Hammer and Sickle, the Swastika, sign of the beast, the flag of India, Japan, Greenland, North and South Korea, the Rotary Club, the dead faces on the US dollar, the rabbit in the moon, the guiding stars and halos over christ in a manger, AT&T, the EU stars, Master-Card, LG, Nasa, GE, sideways to replace the McDonald's arches, the ankh, yin-yang, notes on music sheets, ...
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For controversial impact...   ...these motifs could be merged. |
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160 000 blocks with 100 addresses of 33 byte each is half a gigabyte. Surely 'not indexing' would have been an optimization unnecessary for beta software?
... or was it believed that a malicious node could flood everyone's hard drive with minimal cost? ...or?
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Anyone looking for seasonal patterns must study mid October: a clear motive (zig-zag) through the end of the month, followed by a messy bounce down, and a clear impulsive wave up since mid November. The optimistic view might label November as a failed fifth wave, followed by a strong reversal. I really 'want' that to be true, but I'm afraid it's not honest. It's a pretty clear 3-3-5 flat correction signaling 'more of the same' since June. Further more $0.6-$1.1 is suggested by the March fourth wave. As of this morning, I have no strong position, and await better signals.  |
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Bitcoin is likely to correct to the suggestive iv fourth wave price range of three weeks ago. It is the motion from that ~$3 range that distinguishes 'more of the same' from 'yearly reversal'. |
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But how does the local blockchain work if the addresses are not already indexed? I understand the client/wallet only keeps record of its own addresses and linked transactions, but... really? I should think that firstbits (or first ~48 bits) would make an excellent Primary key (with a highly unlikely collision list). How much extra data would such an address index require? Wouldn't that greatly simplifying and modularize the design?
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http://www.ournation-school.com/http://translate.googleusercontent.com/translate_c?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ko&tl=en&twu=1&u=http://www.ournation-school.com/app/cont/12-20-09.htm&usg=ALkJrhhdpusjbV76RwXfbYQsHVj7pR-QjgIdeas and achievements of the great Comrade Kim Jong Il is going to immortality(December 19, Pyongyang KCNA) - Now the whole country of ten million county breast breasts poignant
nostalgia for the Great Leader Comrade Kim Jong Il and pious memories
are locked.
Gunjangbyeong entire people and the people prosperous and the country's
Thriving in the immortal achievements of mankind gained jajuwieop olrisin
like to salute the noblest of the great Kim Jong Il dongjikke him forever and
look up high all along the leadership of Comrade sigo eun feat gear tooth
stiffness national construction completion haenagal is full of fiery determination.
I stand for the revolutionary cause of Juche Korea after a brilliant move
forward by a strong political and military ground is hard for the country
and the nation's dajyeojyeo odds and a firm foundation for prosperity is
a fail-over.
With all due respect, the revolutionary cause of Juche by Comrade eun
succession stand in the van of complete neo.
Eun-minded leaders is a great way of general ideas and the ever-victorious
revolution and construction of the highways will lead us to a theory with an
outstanding history, Ishida ryeongjang bulsechului Songun.
Units of the revolutionary cause of Juche and Comrade eun makes a
succession followed the complete life's mission afterlife haneungeot
right sigo
The most familiar of the great Comrade Kim Jong Il, the most loyal
comrades over a DA is always at the forefront of the revolution and
construction along with him was a revelation.
With all due respect, the idea of eun-minded spirit and intent of the
upcoming Dear Sir, sir, and the meaning of leadership is the way
forward-we come to the city of revolution and construction is the
most sensible approach. His greatest revolutionary of his conviction
and commitment, sir, in the guts once and for all the imperialist
machinations of reactionary jitbu positioner was dumping. Dear Sir,
if a place with the People's Army soldiers find it anywhere in the
forefront of the revolutionary army of thy jikyeoseon our most
wiryeokhan battle ranks, the Mt revolution was coming to develop
ganggun strengthened the country's largest force in strengthening
the national defense by leaders who place it in his country's sovereignty
and socialism, the welfare of the people being kept firmly in the DPRK
as an invincible dignity and majesty of the military powers are
renowned more powerfully.
With all due respect, sir majestic noble-minded socialist eun
Lee Award logo in order to realize the sacrifice Oh great
cardiovascular and wonders in the land title and engaged in
reality.
Season one year to improve people's living revelation in the street
while a local map of general higher mean everything to realize the
army and the people-oriented motivations will lead us, we had to.
Had in mind last week, especially dangdaepyo party as to gwancheol
Party, army and people to call jeonmin powerfully raise the rent more
than our own revolutionary-minded unity of the world, strengthen and
daehyeoksin on all fronts of socialist construction, contrast, was
nearly inevitable do.
The days of our army and people Dear Comrade Kim Jong Il's idea
and endlessly loyal to the cause of your comrades you're eun
respected sir, a great will of the revolutionary cause of the immortality
jinige slapping has become the same faith.
The Great Leader Comrade Kim Il Sung eun's leadership pioneered by
your Great Leader Comrade Kim Jong Il led to the victory stand after
coming to the revolutionary cause of Juche succeeded brilliantly to
finish so we could do is to guarantee deterministic.
Our army and people of the Great Leader Comrade Kim Jong Il forever
look up high all along sigo eun leadership of Comrade General,
advocates of the immortal revolutionary achievements gyeongyeolhi
sticks are plucked than gracing the sacral million units.
Annals of the Great Leader Comrade Kim Jong Il and the immortality
of the sacred revolutionary achievements of the revolution by the
esteemed Comrade eun will shine long in history reveals the country
is over.
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