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Once I went to Starbucks and bought coffee with fiat and waited for someone.
Soon that someone showed up. I sent him bitcoins from my phone and he gave me an envelope containing what appeared to be Real/physical, paper Ben Franklins.
Later I took those Ben Franklins home, ran them through a currency counter, which confirmed that they were indeed Real and not counterfeit.
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People seem to think it is this guy here ...  |
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Looks like people don't consider fast and cheap to be very important. Why do we want big blocks for again?
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Would you still use and believe in bitcoin if it became reversible, say if satoshi himself managed the disputes like paypal does?
Will you quit?
Reversing a transaction is practically impossible. Not including one in a block (for a small period of time) is theoretically possible though. But would require a tremendous amount of hashing power (+51%). Say it is possible, what will you do quit or not? Man TBH I'm getting tired of the statements that it can't be done, its a hypothetical situation and I'm asking for your reaction , please bother to read the posts before you where I have said the same thing Well, being reversible means that there was a Centralized Authority controlling Bitcoin and managing reversals. In that case, of course I will stopusing it. If payments were reversible who is to say that bitcoins cannot be seized by a government or bank? After all you can simply reverse payments until the coins are in a government/bank controlled wallet. Due to the 21M limitation, at some point in time a lot of coins would have traveled "around the block" and passed though many unfriendly wallets. |
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The thing is... Why do people pay a premium for bitcoin when they can just buy it from an exchange by linking their bank?
I used to sell mined coins for a small markup to people who did not have bank accounts. Does not have bank account, still want bitcoin ? Who are they ? Not sure if you are just increasing your post count, but the last time I checked it was not illegal to live without maintaining a bank account. |
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The thing is... Why do people pay a premium for bitcoin when they can just buy it from an exchange by linking their bank?
I used to sell mined coins for a small markup to people who did not have bank accounts. |
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How I missed the days when Hero Member was the highest rank and you could attain it in 2 weeks with about 25 posts a day (not).
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An digital asset that can bypass international currency controls.
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Well it seems some people want to turn Bitcoin into an elitist asset that only rich people would use anyway. I think thats a guaranteed failure. We NEED to both take care of small transactions and huge transactions too. Cash going away is a reality in the following years and we need a solid system to counteract the e-fiat closed source crypto that the gov will drop on us.
Since when was remitting $500 or $1000 a month to folks back home in a third-world country considered elitist? In fact, buying $5 lattes with your smartphone is a first world phenomena that might actually rank higher than remittances on the elitist scale. |
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blacklist coin may be removed or not used anymore  I will buy your blacklisted coins for 50% of the spot rate. |
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It's hard to say. I started investing in GPUs when Bitcoin was under $1, in FPGAs when the price was around $10 and in ASICs when the price was between $30 and $1000. I made a boatload of profits on my very first GPUs (HD5870, HD5830) and my very first ASICs (Avalon batch 1). However, most of my other investments in mining hardware ended up being breakeven or somewhat unprofitable. Fortunately, the profits more than made up for the losses so to this very day I am buying hardware just for the heck of it. In fact, I have a some Antminer S7's on the way from China as we speak.
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If you are male, have no skills, but have good looks you can try donating to a sperm bank and using the payment to buy BTC. Should take you less than an hour each time.
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I don't trust the miners to make decisions that benefit the whole comunity and not just themselves.
Please give examples of what decisions miners might make that would just benefit themselves but be detrimental to the rest of the community? Miners generally have a lot vested in hardware and Bitcoin in general and are keen to see Bitcoin succeed. I certainly trust miners more that a small-time Bitcoin gambler or sig-campaigner who has very little vested in Bitcoin. |
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I have two accounts with Genesis Mining. One account is with Genesis the second is Genesis Spondoolies account. Over the past 4 days my Genesis Spondoolies account reduced payouts by 50% for the first two days then over the last 2 days I've had 0 payout. This on an account with 31 Ths. The pure Genesis-Mining account has 15 Ths and payouts are what they should be. This is weird. I wonder if anyone else is seeing similar problems.
Check your contracts. The Genesis Spondoolies account probably contains some earlier contracts with the $0.0019 maintenance fee which are in jeopardy of becoming worthless soon. Edt: I have a bunch of $0.0019 contracts from earlier this year. I'll be lucky if I got 20% back of what I'd put in. |
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The use of the ignore function can help in this case....
that just got me an idea: maybe ignore count should be public so sig-campaigns can block users with too many ignores. That .... and I think we should also bring back the orange ignore button. If you remember this feature, as more and more people ignored the poster, the ignore button became a deeper orange. It was very easy to see who the shit posters were. I believe it was removed because of the amount of CPU resources required to compute it. However I believe that it can be properly re-implemented without taking up massive amount of computing resources. To stay on topic, I think the OP's idea is approaching the problem from the wrong direction. We don't need more good posts - we need less garbage posts. Every now and then I see a good thread but very soon it gets moved to the second page by garbage threads and dies off. |
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I am glad that we are finally past "it is just downloading 8MB every 10 minutes, morons".
Every reasonable Bitcoiner wants the benefits of bigger blocks, but not at the expense of not being able to run a full node at home.
BTW, it currently costs $60 a month to run a full node on a dedicated Microsoft Azure VM. This includes virtual hardware (includes 1 dedicated CPU core) and bandwidth, which is around 600GB a month (mostly outgoing). It is not quite "free" anymore.
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is it true miners have all the recent TX's in there mempool and when they get a new block they receive those same TX's all over again with the newblock?
No miners don't necessarily have all the recent tx's in mempool. In fact, it is possible to run a mining node with a heavily filtered mempool, e.g. a very small mempool which excludes spam transactions or transactions with small/no fees. In the OP you also did not address SPV clients. Assuming a block header size of 4MB, if I turn off my Android client for 1 week and I turn it back on I would have to download about 4.036 GB worth of block header information to sync up a week's worth of transactions. It would take too long to do so. Furthermore, after I'm done would have used up the monthly cap of my wireless plan. |
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I would much rather have organisations like this around the world keeping me, my family and my friends safe than not.
" Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." - Benjamin Franklin Obviously you don't agree with this quote, but at some point I'd rather risk getting blown up by a terrorist than live in a police state. |
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