What about Gavin Anderson, or anyone with access to the bitcoin live code? Could he (in theory) introduce risks to the security of the bitcoin protocol?
Why would anyone run that version? All of the nodes would have to download it and run it. |
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Well if you count any sort of "attack" on bitcoin a hack then sure it will.. but that's stupid.
AES encryption can easily be changed if broken.
SHA-256 not so much this is true as the mining is now ASIC but.. I don't think you really understand SHA-256 however.
Even 7 trillion penta hash is nothing compared to 1.16 x 10^77..
NOTHING. Most people get it has 77 "zeros" but they really can't fathom how bit that number actually is. Do some math on it... Perhaps when we are computing with something other than matter it will be at risk.
And even then, we would have upped the blockchain and wallets with the new 'no-matter' computing algorythms. It is not a static thing. We might be able by then to recollect the bitcoin that are now lost in lost wallets, you could go on a treasure hunt and find satoshi in old abandoned wallets, the future sounds neat  Nah, BTC would be dead if you could get a private key from a public. The hashing would have to change.. as we are using ASIC's this could be a problem.. however this is something I don't forsee being a problem for thousands of years.. legit. I don't even think quantum ASIC's would stand a chance we'd just be at crazy hashing power. |
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A 51% attack.. really... cute.
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Well if you count any sort of "attack" on bitcoin a hack then sure it will.. but that's stupid.
AES encryption can easily be changed if broken.
SHA-256 not so much this is true as the mining is now ASIC but.. I don't think you really understand SHA-256 however.
Even 7 trillion penta hash is nothing compared to 1.16 x 10^77..
NOTHING. Most people get it has 77 "zeros" but they really can't fathom how bit that number actually is. Do some math on it... Perhaps when we are computing with something other than matter it will be at risk.
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Get yours cheap Bitcoins. People are soon going to wake up and realize the next halving is getting close.  IMO nothing will happen until weeks before, not months. 3-4 weeks. |
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I think yes it's catastrophic to Bitcoin.
This debate is dividing the bitcoin community into 2 parts, the miners are saying not to do so and the companies are saying yes to do so.
the miner have more power, they control the network and with 60% of the total net chinese can dictate what they want, otherwise why we are willing to accept their 8mb change vs the initial 20mb? I think, higher the block size and higher is the time to mint a new block. Am I right? you mean higher the reward of the block? or the size of the blockchain? which has nothing to do with the difficulty btw the difficulty is correlated to the hash, more hash more diff So why are miners not agreeing to increase the size of the blocks. Chinese miners don't have the bandwidth to handle it. After review I am 100% behind gaven's proposal. |
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Regardless of how advanced any hardware will become, there is still only one block per ~10 minutes.
If blocks are being found faster than every 10 minutes, the difficulty will rise to match the hardware so that it still remains one block every ~10 minutes.
What does that mean to you or me? Well, if you're still mining with a CPU or GPU, you already know what that means. For people who are using ASICs, they have an advantage.
Whether you are advantaged or disadvantaged, it has no affect on what a bitcoin is worth. And no affect on whether bitcoin is in any danger of being destroyed.
no man!!! Bitcoin can come in danger if the quantum computer starts solving sha-256. There is a theory that if we use quantum computer with sha-256 capabilities then it will solve the entire network in just a little bit of time. I dunno if a quantum computer could out horse power an ASIC.. if it was a quantum asci okay but just a quantum comp.. I dunno man. You'd have to out horse power 50% of the entire network... no chance. THIS IS WHY I AM PRO ASIC. |
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I wonder what the chances of that are. I just like seeing rare things lol.
I think it was calculated in the post above you It's small, but big enough to happen. And it gets bigger as the hash power increases before diff adjustment. That was just the 6 blocks in a row though!! Unless it's 1 / 1 000 000 000 000 000 000 000 I'm not too worried. The situation doesn't sound that rare but rare. |
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For more clarity, I was wondering what the probability of such of an event was.
The time it takes to mine one block is exponentially distributed with λ (mean) = 10 minutes. This means the total time to mine four blocks is Erlang-distributed with k=4 and λ=10 minutes, and the probability to find 4 blocks within 6 minutes is about 0.336%. So, roughly speaking (and strongly simplified, probability-wise), once every 100/0.33581 ≈ 298 chunks of 4 blocks, or once every (100/0.33581)*4*10 minutes ≈ 8.3 days, you can expect 4 subsequent blocks to appear within 6 minutes. thank you Jace, good quant analysis. Also worth noting that you are assuming the difficulty, which could've been set as long as two weeks ago, still accurately matches the hash rate, producing blocks with a mean target of 600s. Also note that the probability ( W) being calculated is ( p) mining 6 blocks within 6 minutes (so it would be the probability of 5 subsequent blocks being mined after any particular block, not 4) and also, given p, ( q) the probability of no block being mined for an hour, so the probability I was looking for was: W = p * qI was guessing originally around 10,000 to 1 what about the 7th block being an hour? 1 /  |
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What is the max coins for doge?
static const CAmount MAX_MONEY = 10000000000 * COIN; // Dogecoin: maximum of 100B coins (given some randomness), max transaction 10,000,000,000
in amount.h is showing 10B but comment says 100B...
Or did they change it to constant inflation without a max?
constant inflation without a max.. I support the idea. Keeps the miners mining. |
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Eventually we will land on the sun. one day it has to become dark. then we can land.
but then there wont be any people... as for the blockchain being hacked i believe it wont happen as its nearly impossible to control half of the whole network for 1 human or company we could easily advanced to a space living species by then... if we get these baboons out of power that are currently in power we'll get there. |
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I wonder what the chances of that are. I just like seeing rare things lol.
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Does it work? I'm kinda curious. I see lots of bitcoin generator videos on youtube and I must say it looks "functional"
the generator only works for the inventor of that generator. i'ts fake? You either didn't bother to read a single response to this thread, are unable to comprehend the responses you did read or are simply trolling. Let me spell it out nice and clearly for you: it is a fucking myth, just like rainbow riding unicorns. If it is a myth, then why raise such a discussion? p.s. i'm read topic with translator, i'ts hard :-( We are trying to warn everyon that no such thing exists and when you see one call them out on their scams. |
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When the going gets tough, people tend to run to gold as a safe haven. If this is true, why does the gold price go down? I have not heard of any new large deposits that have been found, so why would we see such a bad price for gold? People are definitely not running towards Bitcoin, and the markets does not show any huge spikes in any of the other commodities, so something must be going on. I think this is the beginning stages of a possible world recession.  People will run to the US dollar. It's accepted for goods all over. |
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May be it's just USD is currently being pumped so that everything else goes down compared to USD ?
Can it be that IMF and the Fed decided to sell all of it's gold, silver and other reserves to pump USD and Dow ?
If you had been reading Martin Armstrong's blog and my posts here, you'd have known for over 2 years that the dollar would becoming stronger because all the QE sent out into the world as carry trade of the ZIRP is going come rushing back to the USA (leaving the rest of the world in a short position in dollars bankrupting the emerging markets) as it will be safe haven as the rest of the world collapses. This would cause the USA to raise interest rates, thus compounding the problem for all nations except the USA. The target date was Oct 2015. Right on time... It's pretty damn freaking how his Timelines work out. |
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If it can't run away, tax it!
It's sad to watch this, but governmental bodies have the tendency to grow aggressively like a cancerous tumor, consuming all resources in reach. If people don't find a remedy someday they will be taxed based on the volume of air they breath.
ya.ya.yo!
Air tax is coming (I am not being saracstic unfortunatly). |
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Not just yet, one last massive pump boys.
End of sep stock market goes boom.
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Thats interesting and i hear that the first time.
Really? This has been well established since blockchain.info wallet was first announced. How did you manage to participate in this forum long enough to become "Legendary" status without understanding that blockchain.info receives encrypted private keys and does not receive the decryption key? So the only thing that could compromise that would be when blockchain info somehow could achieve the passwords. Maybe by fetching them from the start or getting them with a compromised script, delivered by a corrupt employee, to the customer.
Correct, if the user receives a compromised web page (or if the user's browser or computer is compromised), then their password and their private keys can be captured and transmitted to the criminal. This is what I was thinking... I grow very tired of arguing facts with people so I just leave lol. |
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I would like to see an S5e with the design geared towards very best J/GH at a sensible price. So still based on the existing 1384, chip rather than a more expensive 1386 chip. Chain mode but able to run at 12V, so 20 chips / chain, (0.6V) or more if that improved the J/GH? Needs them to sort whatever is preventing the S5 running at 0.6V? If it could get close to the chip spec of 0.249J/GH @ 0.6V this would give a best in class efficiency Miner which I think for the Home User is what we need. So with 2 boards this would give only 330GH, with very low consumption to see us through a few difficulty increases. Then also a S5e+ version with 4 boards and 660GH? People could still choose to return it to higher hash rates by increasing the voltage. Rich 330GH and only 82 watts eh.. that would be pretty freaking amazing. |
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