Will probably happen in 2014
+3.14159 It's the circle of life and it moves us all. |
|
|
|
|
I want to come. Hope the timing works out for me!
|
|
|
|
I am hoping to get a look at correlations between propagation delay and block size. This would give us a good sense of what will happen as we work to grow the TPS. 4.5 seconds only gives me one data point and does not also provide the block size. If someone has prop. delay plus block size source of data that would be awesome to take a look at. Perhaps my question belongs in the dev forum. |
|
|
|
No one can dictate what all the exchanges and wallet software providers will do, so a variety of approaches will be tried.
This brings risk when a user accustomed to a particular decimal point location switches to another client. A user in the habit of typing "100" for 0.1 BTC may accidentally overspend by a factor of 1000.
I did this in the reverse just the other day. Felt pretty bad as I did not want the person to think I was ripping them off during my purchase. This hatchet cuts both ways. |
|
|
|
if I have it right the maximum number of transactions btc network can handle is 7 per sec. coffee purchase and walmart trip has to go offchain eventually.
Only temporary limit while devs still work on improving the system. It's still in beta, and they don't want it to explode in use before its ready. Eventually, transaction limits will be removed, blockchain will be pruned, and the system will be able to handle way more transactions per second than VISA or anyone else (it can already handle such volume with current technology, but we don't want to force people to download 500MB blocks just yet  ) Have not seen the recent work by the devs and you don't know me :-). That said, spent a lot of time reviewing the design and firmly believe that this sucker will scale quite well (so I agree with you Rassah). Not everyone will be able to run a full node, that is very very clear. There will be plenty of people who donate a node due to the advantage it brings in transaction speed/identification and the bandwidth available to the typical business should allow for full nodes. Also, am doubting that the speed to push new blocks (from a miner perspective) is as bad as folks think. Decent size datacenters have at least 10G uplinks and the main penalty is going to be on those miners/pools that are far away from each other. Australia, for example, may struggle to win at mining as consistently as places that are "closer" and "denser." It would be interesting to see an analysis of time to block vs. block size to date (just to see if there are any correlations on this). Still need to do that unless someone has already done it? |
|
|
|
Can we take down (or adjust) the poll please?
To the question:
"Question: Will Bitcoin trade over 1000$ within a few weeks?"
Only 74% answer 'yes'...
If 100% answered "yes" then Bitcoin would have already been at $1000 by the time the poll was made. Yep - it's out of date, I was joking - but why not set a new target we can hope for? I vote for 10k as the poll. And suggest we reach there by end of 2014. |
|
|
|
|
chewing away at the 9k wall on stamp. That sucker is huge!
|
|
|
|
Another 2k BTC on $1000 at stamp (9500 BTC total).
Scary, they are building the great wall of Europe over there. |
|
|
|
Sell or spend only what you need and only when you need it. Otherwise, hold.
This... anything else is silly. +42 |
|
|
|
While difficult, one must avoid the temptation to think in terms of "what could have been". Even at $1k, there is still a huge amount of money to be made. People seem to work themselves into a decision coma by staring at the price and it turns into a spiral of regret.
If you buy now, you are very likely to profit. The boat has hardly left port.
This... Most folks, including me, have no idea of the scale that things can get to. I am not a pie in the sky person but can tell you that we did not think the Internet was going to be a big deal either. I put this one notch below Internet scale event and several notches above what happened to the MP3/Book/Movie industries. This protocol is going to completely refactor the way we think about, and accomplish, global finance. |
|
|
|
I know you know some shit about some shit, but LOL! Not this rally
I am saying, we have yet to see exuberance. I am also saying—2 years. Agreed, irrational exuberance is still not here. This will not be quite as big a deal as the Internet but much bigger than mp3s, books, moves. Entire industries will be demolished before our eyes. So scary and fascinating to watch. |
|
|
|
|
Waiting for the global average to catch up. 948 at last check. But, tradition is tradition and YAY mt. Gox cracks the 1k nut!
|
|
|
|
 The Horror, The Horror.... Sorry G Man. At least we made the news again. |
|
|
|
So what do you think? Here to stay, or temporary bubble?
It's typical Bitcoin stagnation - no bubbles, no crashes - just endless, tedious stagnation. Exponential stagnation. I am so sick of the stagnant rate of change of the rate of change. |
|
|
|
|
Never live in the past. What does your heart tell you TODAY?
|
|
|
|
some might interpret that you're implying that climate change isn't real btw . . . .
The climate is changing, yes, as it always does. The idea that there is some serious crisis going on with man-made climate change is a total sham, however. Regardless of climate, ocean acidification via CO2 absorption is a serious threat to many marine species... especially tasty ones. Perhaps, and I haven't looked into that specifically but I wouldn't be surprised if that was a made-up thing as well. pH regulation should be among the easiest things for nature to handle. Much more difficult is pollutants and overfishing (that is one resource we can run out of, unlike oil). Leave that to Bitcoin. Property rights defined over oceans would end overfishing immediately. made up. There's a lot more CO2 produced naturally than artificially. This is a very nice way to get your tax money for their pockets. You can find out more here (and verify with your scientific sources).  http://www.skepticalscience.com/human-co2-smaller-than-natural-emissions.htmThat's why I hope Bitcoin prevails. I hate those guys. I had no idea climate scientists were so interested in Bitcoin. This is great news for adoption. Next we are going to see hair dressers and telephone sanitizers! |
|
|
|
"the majority of the citizens of the world will hate the BTC but much more they will hate those who own them and use them. They will ask for the defense of the good old central bank currency that offered free lunches. There will be a mortal struggle with BTC, they will ask for prison, death and torture to those who own them and use them. Fortunately, it is not a foregone conclusion that they will succeed."
dont agree with the most here.
It's true. Crowds hate successful people. I was born in a poor family and spend my childhood in a poor district. When I started making business and achieved my first financial success, almost everyone in our community started to hate me. They told me I'm asshole because I don't go to a plant every morning as everybody of them do, but instead I sit at home and make "obscure money" by unknown way. I tried to calm their hatred by donating money for some improvements on our street, but their hatred then became more aggressive and I was accused of attempting to "bribe" their attitude. Finally, I just left the community with all their shit and moved to another place. Wow, this really is an Ayn Randesque situation. You are the motor of the world Zeroday. |
|
|
|
Wake me up when it hits 10 cents. I might worry then.  |
|
|
|
|
Show Posts
