The title is highly misleading, reddit.com is not testing any bitcoin bot, the bitcoin bot is run by a reddit user.
And a missleading title like that screams SCAM to me. Also the comments about no security at all sounds like someone planning to walk away with all the Ƀ put into this service some day with a lame excuse. |
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Super negative FUD article. No counter arguments to claims that bitcoin might have a double spending issue blablabla. I only read paragraphs with "bitcoin" in them in German without verifying the whole translation but this paragraph is translated more or less accurately: However, the BaFin Bitcoins sees Bitcons as a "unit of account", which is regulated by the Banking Act (KWG). After that, anyone who wishes to provide certain professional services in connection with Bitcoins, first has to obtain a license from BaFin. |
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Note that it looks like the bot can currently take a while to respond to PMs. It took 15 minutes for it to respond to a "HELP" message, for instance.
Haha lol  Maybe the ""bot"" is in early development and responses are done manually by some non-programmer to gauge interest in a real bot? |
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This is actually a very very cool idea. Is this - a reddit product?
- a user bot with the blessing of reddit?
- an independent bot like anybody could write a bot?
Who are the people behind this bot? What is their measure in case reddit cancels this? Whom can I slap if the hot wallet password "accidentally" gets too accessible? Edit: This should just as well work on twitter!?! and if done by the same people, transactions between twitter and reddit could be free. Edit: So for $5 I may get my money back in case the service is terminated? With my money in my own priv key the service makes a more reliable impression to the whereabouts of my money (no fractional reserve) but it's ultimately less secure (100% hot wallet) and costs fees to send between reddit users. Conclusion: I am not at all convinced. |
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We need a feedback mechanism to minimize very long rounds (and less importantly, very short rounds). I have proposed this before.
Instead of collecting transaction fee, miners will use transaction fee to offset part of the mining difficulty. For example, today's difficulty is about 3,000,000 ("baseline difficulty") and block reward is 50BTC. If the total transaction fee is 0.1BTC, which is 0.2% of block reward, the miner will only need to mine the block with difficulty = 3,000,000*(1-0.002) = 2,994,000 (effective difficulty).
In the 90-minutes block, the transaction fee was 0.612BTC, which would reduce the effective difficulty and expected block discovery time by 1.22%.
This scheme will also minimize very short rounds: at the beginning of rounds which transaction fee is zero, the effective difficulty is equal to the baseline difficulty. The effective difficulty will decrease as transaction fee accumulates. Therefore, it is more difficult to mine at the beginning of rounds. This will also punish those miners who refuse to include transactions in their blocks.
The fee will contribute to the mining reward in the far future, which will slow down the depletion of the mining reward.
… so … the miners would include transactions (of course without broadcasting these) with many Ƀs in transaction fees, just to reduce their personal difficulty. As every miner will put all his coins into such fake transactions, we would thus end up in proof of stake disguised as proof of work mining  |
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I think it will have the biggest impact mid-term-wise, since roughly 10k new people are exposed to bitcoin through this and many will stick with it once they tried it out to conduct their daily rune scape trades.
If infinity poker however really would take off that of course would top any other bitcoin application currently in the making, even more I think then if Kim Dotcom would make BTC the only payment for his new services. After all some famous Canadian poker guy is signed up for it and not much competition is around atm to raise the barriers of entry to this market.
I disagree. I consider various other projects much more valuable. As the long delay in releasing them makes me feel like I fell for a cheap pump and dump, I don't feel too comfortable even naming them. Too much pump and dump in bitcoin  |
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invite please lets see where this goes |
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You can get a better idea of members rep here (though that does not mean they won't scam you [or go rouge]). Also a lot of guys swear by bitcoin-otc, but I've not used that a whole lot. It's a pain in the ass trying to remember all the commands (for me).
Our beloved pirate@40 had a very good OTC rating. For what it's worth I only trust what I can see and build personal relationships to traders. If that can not fill my needs I go through Gox. I hope I can build a solid net of personal traders to be independent when Gox follows Tradehill. |
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PS: it still shows up twice in the poll list
there is no "delete option". I renamed it now. |
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None. Bitcoin has no "official" anything. We're decentralized without a single authority.
We'll just use currency signs as they are accepted.
Ok, Atlas, I agree with you that "official" is a bad word in the bitcoin context. Bare with me and vote anyways for the favorite symbol among the bitcoin community here on this forum. |
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As this discussion thread is kind of getting pointless, I hope to get a general idea of your preferences. Concerns to my understanding are that the one symbols are not what we used before, other symbols are confusing for being a currency symbol/something else already and other symbols only display right on some computers/in the browser/... As always let me know if I forgot your favorite option. |
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Blockchain is what 3gig? We got a couple years lol. Then its 2 dvd's. Doesnt take fast internet to sent transactions. The real question is who the hell in the bitcoin community wants iranian money lol. If the got up and goin who would sell to them.
Also they got smartphones in iran right? Just need an Iranian verson of blockchain.info's mywallet on Irans "intranet"
The "who wants their money" argument should be answered with "others in the country". If you were wondering, how bitcoins get to Iran in the first place, check out "remittances". If relatives abroad can send in BTC and locals actually pay a mark-up in local money to get these, these receivers actually get a negative fee for sending money in compared to a very high positive fee that they have to pay now. |
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Now would be a great time to be offering bitcoin services in Iran (and to be in the paper recycling business).
lol |
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For a mass deployment wouldn't DVD's with client and the most recent blockchain possible be the best way? I guarantee you there is underground software/movie/Piracy networks throughout the country.
Lol Underground In Iran, copyright does not apply, so shops sell packs of 10 or 20 DVDs with all the latest Microsoft software for very fair prices. Not on a carpet in the street but in real shops and people told me, this is actually perfectly legal. Of course, these packs need to be updated every once in a while and I'm sure there is kind of a standard collection of programs on these DVDs. Bitcoin should get interest by those making these collections. Sad thing is that the blockchain alone will be a full DVD soon and the internet speed of most Iranians that actually have internet is not mind boggling. |
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Can Iranians use the Blockchain.info wallet or is that site blocked?
At least instawallet is not blocked now. You can search an Iranian proxy to learn more about the funny internet for Iranians. |
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access to my -0.0005 BTC So, is negative balance possible in LocalBitcoins wallet? wouldn't be the first service to subtract the transaction fee only after sending all your BTC. |
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I think it has been the most used for BTC =)
Please stay on topic! … yeah, my first computer … we upgraded it from 64kB to 374kB Guess it's time for a Ƀ-Poll  |
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We have seen many examples where so called secure systems have been hacked. All it takes is one disgruntled employee.
To suggest that we would be careless enough to set up operations where "all it takes is one disgruntled employee" is simply insulting. If you propagate the notion that nobody can run a secure service on the Internet (meaning something other than a one-man shop) then you are playing in the hands of the incumbent players (banks). Additionally, the damage caused by accepting double-spent coins from a compromised BCCAPI server can be greater than whatever amount is stored in a hosted wallet. Impressive! You claim to be a service provider and with your immature biased blabla you managed to land on my ignore list together with your service after just some 5 posts that I read. Congratulations, you are number 7 on that list. |
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I suspect the developers have no option but to block access to avoid serious legal problems in the United States where the lead developer is based. The same would occur is many other countries for example Canada. I actually support the developers doing this for this very reason. That been said what is to prevent someone in a jurisdiction that does not have sanctions on Iran from downloading the software and then making it available via a server or bit-torrent? In the latter case for example on TPB.
I suspect the developers don't give a fuck as they've been ignoring my questions about this very issue since 1.3a. There are sites which are more embargo-compliant and others that are less compliant and the bitcoin project also uses Italian domains or others that would not have any legal issues linking to open source for Iranians. Actually if the USA wouldn't be scared of Bitcoin, it could use it as a weapon against Iran alongside its USD to destabilize the IRR. |
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I understand there's some US export embargo on a number of countries for cryptographic software. Are we talking about that?
Bitcoin isn't a US software product. It just utilizes some cryptography made in US.
The US has full embargo with Iran, so nothing (bar some very specific exceptions) can be exported to there directly. Ok, so technically browsing a website always is "downloading" some index.html. So if downloading the bitcoin.exe is illegal, why isn't downloading the index.html or downloading the somethingWentWrong.html illegal? Can please somebody rename bitcoin.exe to bitcoin.exe.htmlindex.html! |
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