The situation seems to have been stabilized.
Large speculation is no longer changing the BTC/USD course lke crazy.
A stable BTC/USD is the worst that can happen to the idea of bitcoins. Prices have to move up substantially. I'm not saying the prices should stay the same. By "stable" i meant actually "rising in a predictable manner". You are right about this: If the BTC/USD or BTC/EUR course stays in place, that will mean bitcoin economy is dying. Bitcoin is a deflationary currency by design, and if BTC value does not rise, it will mean that something is wrong. |
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The situation seems to have been stabilized.
Large speculation is no longer changing the BTC/USD course lke crazy.
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+1 on showing actual balances without rounding.
+1 on pre-calculating the fee that would be charged, and showing it to the user to see before submitting an order.
It's awful. On the set of small transactions rounding error can reach substantial quantities! Trading robots resent!
I agree with all of these suggestions. Trading should be done with (almost ?) absolute rounding precision, if possible. |
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Also *never* use float column sql data types, when storing money values decimal is the way to go.
Precisely, i believe that in PHP it may be best to store floats as pure strings, and convert them when necessary. There were some nasty bugs in float-to-float comparisons in PHP, i don't remember if they fixed them all. You have it wrong, floats are not supposed to be used to store exact values, decimal types are designed for that purpose No, you have it wrong, because You are talking about databases, not PHP. PHP does not have something like "decimal types" as far as i know. But PHP has the strings, which can store almost anything with any precision you need. |
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The clients simply display the values with a decimal point in the middle of the base 10 translation of the integer, as there are 8 decimal places to each side of the display. Changing that might prove to be a breaking change, and may not be an easy one.
Actually I think i remember Satoshi or Gavin saying that it actually is a quite easy change as bitcoin was designed so that decimal places can be added indefinately. |
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Also *never* use float column sql data types, when storing money values decimal is the way to go.
Precisely, i believe that in PHP it may be best to store floats as pure strings, and convert them when necessary. There were some nasty bugs in float-to-float comparisons in PHP, i don't remember if they fixed them all. |
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I don't know if mtgox knows or uses this, but PHP has special set of functions for this kind of things - it's called BC_MATH. http://www.php.net/manual/en/book.bc.phpWith it, it is possible to count any number with any needed precision. |
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My experience: I used the yuan in China. They have three units of currency:
1 CNY (yuan)
1/10 CNY = 1 jiǎo (角)
1/100 CNY = 1 fēn (分)
So, it is very inconvenient. Often confused between jiǎo and fēn. Most Europeans are also confused.
Please do not start using a new name, just enable using of 0.001 for BTC.
I propose a new way to distinguish between bitcoins with different decimal numbers - BTCX. 1 BTCx0 = 1 BTC 1 BTCx1 = 0.1 BTC 1 BTCx2 = 0.01 BTC 1 BTCx3 = 0.001 BTC 1 BTCx4 = 0.0001 BTC ... and so on. I know that it may look weird, but i think this is the most intuitive way describing different-sized parts of the same currency. Unless somebody knows a way to further improve this. EDIT: Perhaps some other character that looks better can be used instead of "X" - for example: 1 BTC-0 = 1 BTC
1 BTC-1 = 0.1 BTC
1 BTC-2 = 0.01 BTC
1 BTC-3 = 0.001 BTC
1 BTC-4 = 0.0001 BTC
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Agreed, but it would be easier to name them mBTC (mili bitcoin), µBTC (micro bitcoin), nBTC (nano bitcoin), etc.
This is theoretically good, however it is not enough. When bitcoin goes into 6th or 8-th decimal place, You will run out of prefixes which can be recognized by more than 1% of general population... |
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I think, this is problem in my ISP, who apparently has established a poor configured transparent proxy.
after moving to https problem has completely disappeared
Yeah, i would also check if Your ISP is not spying on You / sniffing Your traffic. In Soviet Russia, everything is possible  I'm sure what ISP does it - the law obliges to do it. So we have the explanation. Just use some good (and paid) VPN service for all Your traffic. Your problems should disappear. |
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Perhaps it should be even Satoshi himself or Gavin Andresen Isn't the time that they spend on Bitcoin itself so valuable that they are the last people who should take on the job of roving ambassador correcting the world's misconceptions? I think that there are very few people on this forum except Satoshi and Gavin, who have the qualifications. |
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https://lwn.net/Articles/414452/Somebody of us should go there and answer questions/resolve issues asked in the comments below the article. LWN.NET is read by some important figures in the geek world, so it would be probably good for Bitcoin PR if we do that. Perhaps it should be even Satoshi himself or Gavin Andresen, because they have the best understanding of the Bitcoin algorithms. Founded by Jonathan Corbet and Elizabeth Coolbaugh and published since January 1998,[2] LWN was originally a free site devoted to collecting Linux news, published weekly.
At the end of May 2002, LWN announced a redesigned site.[3] Among the changes was a facility for readers to post comments about stories.
On July 25, 2002, LWN announced that due to its inability to raise enough funds through donations, the following issue would be its last.[4][5]
(...)
LWN caters to a more technical audience than other Linux/free software publications. It is often praised for its in-depth coverage of Linux kernel internals.[1]
The acronym "LWN" originally stood for Linux Weekly News. However, that name is no longer used because the site no longer covers exclusively Linux-related topics, and it has daily as well as weekly content.
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I still donated to read it  BTW, somebody of us should go there and answer questions/resolve issues asked in the comments below the article. LWN.NET may be read by some important figures in the geek world, so it would be probably good for Bitcoin PR if we do that. Perhaps it should be even Satoshi himself or Gavin Andresen, because they have the best understanding of the Bitcoin algorithms. |
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I think, this is problem in my ISP, who apparently has established a poor configured transparent proxy.
after moving to https problem has completely disappeared
Yeah, i would also check if Your ISP is not spying on You / sniffing Your traffic. In Soviet Russia, everything is possible |
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The Nubirians supposedly were among the ancient Sumerians who introduced the first MONEY using seashells . Their ancient tablets have drawings of the solar system with ten planets with the tenth planet being Nubiru
Nubirians are supposed to guide humanity to ascension and make us realise we are creatures of pure energy . It is just funny that bitcoin is based on energy which will let us trade with the nubirians  . Now, about ancient Sumerians, that was an ...unlucky accident. Unfortunately it came up, that during the early tests of the temporal spacetime vortex activator in 2078 a small part of the S.A.T.O.S.H.I. team was jumped back to about 4700 BC without a possibility of going back. All the employees of SATOSHI corp were given strict orders not to interfere with the timeline, but it looks that either them or some of their descendants broke that rule which probably gave birth to Sumerian civilization. |
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... which over-dramatize and totally made up about how and why Satoshi invented bitcoins ... You mean like how "SATOSHI" is just an acronym made from the names of seven electricity-generating corporations, who invented bitcoin to ensure their future profits? No, it's a joint venture of consumer electronics corporations: Samsung- Toshiba- Nakamichi- Motorola That's only partially correct. These are the corporations who sent him back from the future. But they formed a single huge corporation in 2075, in joined effort to pefect time travel technology. Fortunately for us, they succeeded in 2083. |
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... which over-dramatize and totally made up about how and why Satoshi invented bitcoins ... You mean like how "SATOSHI" is just an acronym made from the names of seven electricity-generating corporations, who invented bitcoin to ensure their future profits? Actually, Satoshi is a robot sent from the future to stop the largest currency crisis in the history of mankind, and the nuclear war that followed the political chaos caused by it. "Use bitcoin if you want to live !" I mean, come on - it's obvious. |
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I recently stopped producing bitcoin on my GPU which had about 26 Mhash together with CPU.
Unfortunately, the amount of generated coins didn't pay for for the electricity bill increase.
However NVIDIA GPU's are very cost-ineffective when it comes to generating bitcoins, i think that bitcoin generation of people with AMD Radeons 57xx, 58xx, 59xx, 6xxx surely pays for the bills at least (yet). But with the difficulty increasing in the current speed, they won't be able to earn even for the bills in just 2-3 months.
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But if that is so, then why did mt gox drop them ? (or why did mt gox get dropped by mt gox ?) too many chargebacks on liqpay's side?
Mtgox dropped liqpay ? I have never seen "liqpay" option on mtgox website. |
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If the file is always encrypted I don't see why running on a not-so-secure-system would be a problem...
Because an unencrypted copy could still be hiding somewhere on the HD. The more complex your OS, and the more "user friendly" stuff you have running in the background, the higher the risk. For instance, some backup/recovery tools keep copies of recently accessed files in their cache. Exactly. This especially applies to Windows. The "user-friendly" features there are leaving so many traces of everything everywhere, that it is difficult to hide anything from anybody at all. Also, lack of trusted application repositories with digital signatures allows a lot of possibilities of trojan & virus automated installation. This is one of the reasons i stopped using it. I don't like to be traced or spied upon. Everyone deserves privacy. |
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