Bitcoin Forum
May 08, 2024, 04:53:31 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 [50] 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 »
981  Economy / Speculation / Re: Dwolla can no longer process deposits or withdrawals to MtGox on: May 14, 2013, 08:01:47 PM
Only temporarily.  In the long run it'll be best.  If Gox doesn't implode now, they surely will later at an even worse moment.  This whole thing is most likely due to Gox's own incompetence and failure to act within their own self-interest and to get an effin' clue.
Yeah!  So, let's start listing more competent exchanges.  We can start the list with... Eh..?  You start!

This time it is some bureucrat in a remote fu**ed up country doing his job.  Protect the banks.
982  Bitcoin / Legal / Re: [MTGox Sued 5/2/2013] Statement Regarding Formal Complaint on: May 13, 2013, 09:32:07 AM
So is this just gonna be radio silence until we find out we've all been Corzined and our account balances were seized to satisfy the judgment?
No, no court will seize other peoples money to pay MtGox' debt to the scammer Peter Vessenes and his gang.
Quote
I guess if that did happen we certainly shouldn't expect to hear any forewarning.
Yes, we will.  First the U.S. court must conclude the case with a sentence, and MtGox must accept it (i.e. not appeal the judgement).  If MtGox don't pay in time, the scammers have to go to Japan and ask a japanese court to seize the money.
983  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 07, 2013, 08:02:37 AM
It's going to affect CoinURL.com... we would no longer be able to pay out small satoshi payouts like we normally do.. but I suppose raising the minimum withdrawal is sort of an answer..  that is forced upon us..
Why have you been doing that in the first place?  Sending out payments which the receiver is unable to use without paying a fee much larger than the payment received, is just telling the users to "f**k off, we don't want you here, go away".
984  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 06, 2013, 11:00:32 PM
Once the fee increases and mining revenue gets set higher will miners ever want to get less revenue (once Gasoline increases in price will it ever go down  substantially)?
As long as a tx includes a fee – any fee – the first one to mine it will get that fee.  In the future, if the price of BTC increases and as the block reward is reduced, miners will probably mine transactions with lower fees as well.  Even a low fee is extra income to the miner.  First to mine collects it.

There is a small cost related to mining very large blocks (larger risk of getting orphaned), which is the main reason for ignoring transactions with insignificant fees.  There is a small hidden cost related to mining transactions which never will be spent as well, due to the increasing utxo set, so I expect most miners and pools to happily upgrade to 0.8.2 as soon as it is released.
985  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 06, 2013, 09:23:40 PM
For a couple of years now I have been reading periodic debates where one guy says, “21M Bitcoins will never be enough if the whole world wants to use it.” Then another guy shows up (DnT) and says, “Oh, but Bitcoin is divisible down so many decimals that it will easily fill the need as adoption increases.”

So which is it: Either adoption is never expected to tax the 21m limit so we can afford to knock off decimals, we will have to return to accepting dust payments eventually so may as well just keep using them now or we need to allow a breach of the 21m limit.
No decimals are knocked off.  The minimum value is calculated from the minimum fee.  When the minimum fee goes down (it has gone from 0.01 BTC to 0.0001 BTC while I have been using bitcoin), the size of economically unspendable outputs will decrease as well.  In the future the minimum fee will get calculated dynamically based on which transactions actually make it to the blockchain, and eventually a 0.00000001 BTC output will become standard again.

Quote
Time would be better spent finding a reasonably harmless way to prune the blockchain.
I disagree. Pruning valid unspent outputs would IMO be a much more drastic measure.
986  Bitcoin / Bitcoin Discussion / Re: Boycott 0.8.2 on: May 06, 2013, 09:10:31 PM
If we refuse to upgrade will we be treated differently when it comes to making transactions with small amounts? Will we even be included in the blockchain?
A large enough fee can buy almost any valid transaction a place in the blockchain.  Why anyone would want to spend a high fee to insert an unspendable amount into the blockchain is unknown to me, but you are free to do it.  You can even send 0 BTC if you want to, but expect to pay a decent fee to get it mined.

When I started using Bitcoin, and Satoshi was still active, it was impossible to send less than 0.01 BTC using the standard client.  Looks like it was a big mistake to make it too liberal in later versions.  When the default client settings move back slightly towards what they used to be, due to the irresponsible spam of unspendable transactions, people who don't have a clue about how Bitcoin works start screaming and whining about censorship and whatnot.
987  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 06, 2013, 08:44:22 PM
Cause it was your option to pay the fees, miner still had to include them and relays still had to relay. Was that big of a deal to be honest. This is completely censoring.
Sorry for being the English police, but do you understand the difference between the words "cause" and "because"?  While your arguments might have merit, you discredit yourself  with  your shitty adolescent understanding of basic grammar.
Two other corrections here:
1. Miners never had to include any transactions in a block.  They have always been free to chose.
2. Relays never had to relay any transactions.  All nodes are free to chose which transactions to relay.

This is, always has been, and will still be in 0.8.2, depending on txfees and other characteristics of the transaction.

Which makes gweedo's entire post wrong, like all of his posts in this thread.  There is not a single clue in his head about how bitcoin works.
988  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 06, 2013, 07:19:56 AM
Yes Majority is no one wants it, sorry you think skewing it will trick anybody into saying your right, which no one has.
Thank you for making me press the ignore button.
989  Bitcoin / Bitcoin Discussion / Re: Boycott 0.8.2 on: May 06, 2013, 07:01:57 AM
I'll update to 0.8.2 !
I've upgraded my miners to the current git already.  No more unspendable spam or DoS outputs relayed or stored into the blockchain by me!  (I mine solo.)
So who has actually been DoS by outputs I never seen anyone say anything about that. But good your solo mining does nothing so your not any threat Smiley
You have absolutely no clue whatsoever.  And since you obviously don't bother to read anything which doesn't line up 100% to your religious fantasies about how Bitcoin works, I don't expect you will ever get one.  Do you even run a Bitcoin node?  Noticed it takes quite a bit of disk space and it's memory footprint seems to be increasing by the day?  Not a DoS in progress, you say?  I can't even run a full node on the computer I'm typing on now any more.  It has mined quite a few blocks in the past.

My miners are high on the seed list.  Just stopping any dust transactions right there and not passing them on to other nodes will make them more difficult to get through.  And I still find a block now and then.  Mining solo makes more BTC in the long run than mining in a pool, and I get them in nice, large non-dust chunks. :-)
990  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 06, 2013, 06:39:35 AM
The majority among those who are voting seems to think it is a good idea.
It's a good idea    39 (24.2%)
It's a good idea, But not at 5430 Satoshi    9 (5.6%)
It's a temporary fix that should adjust with price    19 (11.8%)
It's a temporary fix that should be revised later    36 (22.4%)
It's a bad idea    57 (35.4%)
It's a bad idea, It should be a lower # of btc    1 (0.6%)

Total Voters: 161

35% think it is bad, so yeah not majority LOL try and look at the facts when they are infront of your face.
Sorted the list.

36% think it is bad, and 59% agrees perfectly with the change.  (The number will be adjusted with the price of a transaction, and yes it will be revised when the automatic txfee market is done, so both agree.)  0.6% thinks the limit should be lower, and 5.6% thinks it should be higher than 5430 Satoshi.  In total 64% thinks it is a good idea.  A large majority.
991  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 06, 2013, 06:26:52 AM
I don't care what you think.  This is regulation plain and simple.  This is not what I was led to believe bitcoin was.  If bitcoin can't handle itself then another coin should take it's place.  END OF STORY.
Why didn't you complain when 0.00000000 outputs were made non-standard in the same way some versions ago?  Same problem, same reason to make them non-standard.  Spendable, but only in theory because it doesn't make sense to pay fees to spend them.  You can still send the transactions, and evil miners may mine them just like other dust creating transactions.  I don't want them in the blockchain, so I won't help you relaying or mining them.  That's my choice.  You can't force me to, just as I can't force you to stop behaving badly.
992  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 06, 2013, 05:51:53 AM
The majority is speaking... too bad Gavin is sold out to the FEDS.  He has no interest in what the majority wants.
Hmm.  The majority among those who are voting seems to think it is a good idea.  I only see a couple of very loud voces speaking against this change, and none of them have demonstrated the slightest understanding of it.  I haven't seen a single developer speak against the change.  Gavin is one of many.  Those who were given more mouth than brains seems to overlook this fact as well.
993  Bitcoin / Bitcoin Discussion / Re: Boycott 0.8.2 on: May 06, 2013, 05:38:26 AM
I'll update to 0.8.2 !
I've upgraded my miners to the current git already.  No more unspendable spam or DoS outputs relayed or stored into the blockchain by me!  (I mine solo.)
994  Bitcoin / Bitcoin Discussion / Re: Boycott 0.8.2 on: May 06, 2013, 05:20:40 AM
Why not just make a fork? I think it's just one or two lines of code, so should be easily done.
One line in bitcoin.conf is enough.  You will need quite a bit of RAM to handle all the spam in mempool, since it will take a long time to confirm.
995  Bitcoin / Bitcoin Discussion / Re: Boycott 0.8.2 on: May 06, 2013, 05:16:56 AM
I will definitely not update. Even if some agree this was correct, basing it in the price of USD... 54ubtc will be 1 cent of a dollar when its value is aprox 184 USD, so what's the point to have a digital cryptocurrency that can't allow even that? And you know changing it deppending on USD price is totally wrong
By not upgrading, you wil not get the benefit of lower txfee either.  The txfee in 0.8.1 is much higher than your 54µBTC.  If you want to go back to the versions where even smaller transactions were considered standard, your txfee will be five times higher than in 0.8.1.
996  Bitcoin / Bitcoin Discussion / Re: Boycott 0.8.2 on: May 06, 2013, 05:11:12 AM
Actaully you should be doing the reading, because your claim is completely wrong.

Miners choose what transactions to include or not include.  Many choose not to include e.g. S.D stransactions or very small transactions.  This change makes it default to not include transactions which the receiver can't spend without paying more in fees than the transaction is worth, but an evil miner can easily change this and include the transaction if he wants to contribute to a denial of service against bitcoin users.  It is a soft rule, not a hard rule.

I don't believe for a second that you are an actual programmer, btw.
Another one that didn't read, did you read that it will be on by default for mines, that you have to change to off instead of one. Did you also read this is a form of censorship.
Which is good, because it makes it a bit more difficult to be an evil miner.  No, this has nothing to do with censorship.  It is pure common sense.

Which version are you on, btw?  You know outputs of 0.00000000 were "censored" (i.e. made non-standard) around version 0.6 or so, right?  Those are still allowed, just not considered a standard bitcoin transaction any more.  Those are just as useless as outputs of 0.000005 BTC, and waste just as much space in the blockchain, but better because they can be pruned and don't waste resources in the UTXO set.
Quote
And I could care less if you thought I was a programmer or not LOL
It says "programmer for hire" under your name.  Perhaps you rent out your daddy or something?
997  Bitcoin / Bitcoin Discussion / Re: Boycott 0.8.2 on: May 06, 2013, 01:16:36 AM
Unless the blockchain size is truly unlimited, which is impossible, someone is always going to get their transactions blocked.
NO transactions should be blocked, and currently no transaction have been blocked, miners have chose not to include them, but some miners will pick those up. THis is blocking transactions making them not able to be included or CENSORSHIP.

So please research again and then say something smart.
Actaully you should be doing the reading, because your claim is completely wrong.

Miners choose what transactions to include or not include.  Many choose not to include e.g. S.D stransactions or very small transactions.  This change makes it default to not include transactions which the receiver can't spend without paying more in fees than the transaction is worth, but an evil miner can easily change this and include the transaction if he wants to contribute to a denial of service against bitcoin users.  It is a soft rule, not a hard rule.

I don't believe for a second that you are an actual programmer, btw.
998  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 06, 2013, 01:02:39 AM
nothing  should be blocked, what should be done is strengthening the source code to allow the network to cope.
And switch to another *coin without the 1 MB block limit (this is a hard limit which is impossible to remove, in the same way that there can never be more than 21 million bitcoins) and no fees and by buying more disk and faster network and really fast CPUs to everyone.  Yeah.  Easy!  Because we need spamcoins!
999  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 05, 2013, 10:10:54 PM
So, From what i've read, is that 0.8.2. is going to not allow micro transactions of less than 5430 satoshi's
Bitcoin was designed to be divisible by 8 decimal places, If we are removing some of those decimals we are undermining the entire structure of bitcoin!

I can fully understand and agree that a transaction of .00000002 should be blocked though.
What are the opinions?
It is a default soft rule, not a new network rule.  I'm sure many miners will continue to relay and include those transactions in blocks, but the transactions will be harder to get through.

I think it is a wise move.  It helps users, because those small transactions are unspendable without paying more in fees than the inputs are worth.  Nanotransactions can be used to DoS the receivers wallet by making unspendable balances.  The limit will probably be reduced in the future when the default minimum fee for large transactions (in bytes) is lowered (it was recently lowered from 0.0005 to 0.0001 BTC).
1000  Economy / Service Discussion / Re: Official Gox / CoinLab Integration and Transition FAQ on: May 04, 2013, 05:27:33 PM
Mt Gox should settle the lawsuit in bfl miners. That way coinlab will never see a cent Tongue
Why do you think coin lab is the bad guy here?  If there were contractually binding agreements that coin lab honored and mtgox wasn't then they deserve it no?
75 million USD.  Driving a competitor bankrupt through lawsuits is a very USAnian form of "free market competition" which the rest of the world don't understand.  MtGox deserves it just like people sharing a few music files on the internet deserves to pay millions of USD in compensation to RIAA, or someone selling hot coffee deserves to pay millions of USD in compensation to someone spilling it on themselves.

No court in the rest of the world would take this seriously.  Which is probably the reason why CoinLab wanted a court in the USA, probably known for outrageous compensations like this, chosen in the contract.  CoinLab has been a scam all the way.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 [50] 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!