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1  Bitcoin / Bitcoin Discussion / Dead wallets on: June 10, 2011, 04:45:02 PM
I just had to use a virtual prepaid credit card to buy something. it now has 23cent left on it and i'm not intending to charge it back to my bank account(payout fee is $1)...not worth it! so i'm going to count these 23cent as lost. that made think....how does bitcoin deal with dead wallets?
If someone for examples creates a bitcoin account, buys some coins for real money and spends these coins...but not all of them. later john doe decides "fuck that 0.01BTC left in the wallet, re-exchange to real money isn't worth it" and doesn't use bitcoin again. these coins will not only be lost for him/her but also they would be lost for the whole network. the more popular bitcoin gets, the more dead wallets there will be. there 1btc, here 0.00023btc, fuck that 0.0000001btc ...each of them lost forever
this situation can't be compared to real money, where you could simply "print" new money, since amount of bitcoins is limited to 21mio. i know that each bitcoin can be splitted by 10^8 but it still is a fixed number.
this sure doesn't matter at all in the near future...but if bitcoins gets a mayor break through and runs for years, this at some point, somewhen, could matter

so is there a way out of this? is there something implemented to raise the total amount of bitcoins or the splitting limit?
if yes.....well that could be just another problem...who would decide to raise the amount/split limit? the programers? too much power in too few hands
2  Bitcoin / Bitcoin Discussion / Re: I would like to interview someone on my radio show on: June 04, 2011, 12:10:17 PM
I have to call BULLSHIT here for several reason.[...]
I wouldn't say bullshit but i have to agree, OP seems to lie about some points here. the website looks pretty amateur and not professional at all. Also the website's forum, which is hosted on a third party free-hoster, is pretty empty for 8 million listeners.

there was no need to lie OP, it's a noble thing to spread the word about bitcoin


or maybe it's a scam site, quickly made by teh fbi (<_<)
3  Bitcoin / Bitcoin Discussion / Re: Bitcoins: designed to fail on: June 04, 2011, 10:00:22 AM
Does this make the bitcoin ultimately usable as a worldwide currency, replacing current currencies?
I think not, and it's built-in.
lol, question talker...nobody likes them.

also...get your facts straight.... read: http://bitcoin.org/bitcoin.pdf

secret hint: each bitcoin can be devided by 10^8 ....now please do some more fancy calculations
4  Bitcoin / Mining software (miners) / Re: Embedable Javascript Bitcoin miner for your website on: June 04, 2011, 09:48:27 AM
i've had a closer look into the source of your JS Miner and I think there might be a multithreading problem or i misunderstood something. :-/

scenario: i'm running 3 websites, each of them is linked to the other, on each of them a JSMiner is present, all JSMiners are linked to the same bitp.it account.
What if a user has all 3 sites open at once or opens a single site in multiple windows? Wouldn't the multiple instances of the Miner compete against each other?

After the Miner-Client crunched through a task and didn't find a solution, it will ask for more work by making a GET call to
Quote
http://api.bitp.it/work?client_id=<<ID>>&domain=<<SITE>>&hash_rate=<<rate>>&hash_count=<<count>>
however there is no task-ID or whatsoever that identifies the last task that the client was working on. So i assume you use the client's IP or the "_node" Cookie to lable the last task in the server queue as "nothing found in that snippet"?
this is a problem when it comes to multiple open tabs, because the multiple JSMiner threads would compete with each other and clear each other from the task queue. If you identify the last task by the IP each call from that IP would simply clear the last task on the server, even if it is not the same as the task the client was working on. Same problem for the "_node" Cookie which is delivered/changed with each request, every instance would use the very same Cookie and by doing that mix up the task identification.

A solution would be a task-id variable in the GET request to the server, so you can identify the last task crunched by the client even if the user runs multiple JS Miners(for the same client_id) at the same time.
5  Bitcoin / Mining software (miners) / Re: Embedable Javascript Bitcoin miner for your website on: June 03, 2011, 08:10:12 PM
@1bitc0inplz:
is bitp.it down or what are you doing? :-/

my "clients" don't seem to get any work anymore....even the frontpage bitp.it doesn't seem to calc anything at the moment...
instead of complete tasks like
Quote
{"first_nonce":2682257408,"last_nonce":2683305983,"hash1":"0000000000000000000000000000000000000000000000000000000000000000000000800000000 0000000000000000000000000000000000000000000010000","data":"0000000179ee1fe9c176f2249e2eecf73dca2c3a1463ebaaa66a1b9b000000c7000000002222ebe bcce36e7bcd785df2823c43291a576ab139608b411f153dbea3d909e94de2f3381a269421000000 0000000080000000000000000000000000000000000000000000000000000000000000000000000 0000000000080020000","midstate":"665a6ff5ed9205f335957e1bea5258a732b6c7f97b69b0efd34fa4732827df86","target":"ffffffffffffffffffffffffffffffffffffffffffffffffffffffff00000000"}
you are currently delivering incomplete tasks to your slaves
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{"first_nonce":2994733056,"last_nonce":2995781631}

why does maintenance always happen when I'm in the mood of testing something...damn it! Grin
6  Bitcoin / Mining software (miners) / Re: Embedable Javascript Bitcoin miner for your website on: June 01, 2011, 09:54:27 AM
so all the newbies here have read Fefe's blog and blindly believe everything he writes? did you guys even take a look at the site or the source code at all? i don't think so....
bitp.it was designed as a background script that the user gets no knowledge of.
seriously....did you open the site even once? On bitp.it you see a live response of how many hashes per second your machine is calculating(with about 30% CPU usage)....how is this "background"? of course users can get a feedback and see there is a miner running. But this is up to the webmasters and not up to bitp.it. The script clearly allows user interaction.

Not only do you waste the energy of YOUR users for YOUR benefit without their consent.
ah, you mean like all the other scripts that run in background without user notice and their consent? like google analytics? doubleclick? INFOnline? adsense? clicktrack? facebook tracker?
The CPU usage of the JS Miner is adjustable...it is all up to the webmaster who uses it on his site but the author of the script can't be blamed for any of your points.

IMHO the JS Miner is a very good (tho short term) alternative to annoying ads. the "donate cpu time" is a great idea to support a site. Of course the user should know that there is a miner running (little symbol,live response, something like that) but don't listen to the idiots who read about it on some blog and don't even seem to know what they are talking about. i know this is my first post in this forum, but i'm not new to bitcoins....i'm just annoyed by the "malware" screamers.


@1bitc0inplz:
for now the JSMiner is really great idea for news papers,blogs and forums, but i have to admit that i doubt the long term evolution of the idea :-/
since mining will get harder and harder, at some point it will stop being profitable and start being useless...unless the user base on the website where a miner is running is constantly growing and growing
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