Fantastic! Is that in the print edition too? Yup--May 9th. |
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So I've been generating for 48 hours and haven't picked up a block yet--are people gpu mining this? Current difficulty is 512--what does that equate to in MHash-hours for finding a block?
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@mndrix here's a driveby idea: What about offering bitcoin subscriptions? It would stabilise exchange rates during the inflationary period, reduce risk, and you could create an open futures market to fill them  |
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My first post was "Won't loss of coins combined with limited supply cripple bitcoin with deflation?" No joke. And I'm a smart guy who honestly used the search function first. This place isn't terribly user-friendly.
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Please ignore all of the frustrated 'oldies', but honestly you should have tried to answer your own questions before posting this. We see this kind of thing every week, and it gets old.
For some, perhaps--but that's not the fault of a new user. It doesn't cost anything to be silent--if questions from newcomers are rubbing someone the wrong way, stop reading the thread and for heavens sake don't post in it thereby getting notified with every consecutive response!! The situation for the average newcomer trying to understand BitCoin is terrible, and the rampant misunderstandings of it across the web are the direct result. These are the BitCoin forums and right now they are the only place on the internet that people can get these questions answered. If you want BitCoin to succeed, don't fault people for trying to understand it. That's tough enough already! /rant |
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@Twilight the explanation PLATO posted is mine--if you have questions after reading it feel free to ask away. Please ignore the posters above who have forgotten what it was like to try and understand BitCoin for the first time.Did you read even one of the pages of the wiki? To a developer your questions look ridiculous, sorry, but they do. No, it is not a scam. But you just wasted a weeks worth of computational power on a futile exercise ... imagine you just decided to climb Mt. Everest on whim and after getting to base camp said "Eff this, it's impossible, I'm out!" that is the equivalent of what you just did with your attempt at bitcoin mining ... it's not easy, no such thing as free money. https://en.bitcoin.it/wiki/Main_PageReturn to Go, do not collect $200. Well put. RTFM
I like also the spirit of the guy who post here his first message, and asks if bitcoin is a scam. WTF do you expect? If it IS a scam, do you think anyone will tell you: "yes, it is a scam. Go away." ?? Just read the doc and make up your own mind. Jeez. edit: can we sticky this? people ask this or similar daily
I'll copy this and some other key points into a separate thread that can be stickied. Any requests since I'm at it anyways? The Bitcoin client is not the most user friendly tool out there. I'd suggest to incorporate a HELP menu that have more than the "about"-box, and also remove the "Generate coins altogheter". If it id desirable that people have the "Generate coins" going to support the network, then I'd suggest naming it differently and make sure it only use a few percentages of the CPU to do its task.
As it is now, you have to go online for all your issues, there are no tooltips, and no help menus. I am afraid that will make some people download the application, look at it, don't understand it completely, and then dismiss it completely.
You are completely right--the user experience for newcomers is horrendous right now. Please, anybody reading this, go and vote on sample questions for the BitCoin Q&A site proposal. We need a google-facing newcomer friendly zone, linked directly from the client.
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A better global metric of transaction volume would be the number of bitcoindays destroyed.
This is a really good idea, and would be a great way to measure velocity. +1 Excellent point, ByteCoin! |
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This transaction requires a transaction fee of at least 0.0N because of its amount, complexity, or use of recently received funds
Much more succinct! And you're right--"we" is just a polite way of some random person on the internet trying to lend themselves credibility. It's the people who actually wrangle code that do the work  |
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I'm not saying I'm credible. I'm simply offering information, take it if you will.
I appreciate your work on this topic taykaypee--I think you're right about this information not being well known so far and this will definitely be a good resource to have. Cite sources and you can't do worse than Wikipedia, right? Also, on the governmental thing there are plenty of people here who respect and appreciate our current governmental systems, while still working continuously to improve them. Those who take a more extreme stance tend to be a little heavier on the rhetoric, as well as introducing the subject when it's only tangentially related--the rest of us have learned to love them despite their prickly shells . I do recommend to all, though, that the place to explore the interaction between sociopolitical viewpoints is squarely in the Off-topic board. |
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I understand the reason for the change (although these transactions will become confirmed after some time or if the block is less than 3 kB which happens from time to time) but the error dialog is very confusing.
Agreed. Can we change this from "This is an oversized transaction that requires a transaction fee" to something like "Because of its amount, complexity, or rapid re-use of recently received coins, this transaction requires a transaction fee (0.0x recommended)" ? |
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But if you do happen to produce a valid address, the money will be sent there, and whoever owns that address will get the money, if no one owns it, the money will be "lost"; there is a small chance someone in the future will create a new address that will match that typo, in that case, that person will "find" the money.
If by "small chance" you mean that every single person on earth doing this continuously until the end of our universe is still unlikely to "find" it, then sure. |
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It is way too early to have a system like this "go live". There are a lot of parameters and balancing measures that are well worth working out--effective standards result from careful thought and consensus, rather than simple experimentation. Run this one as a test system for a while, identify what works and what doesn't, and then we will be better positioned to implement a standard that can achieve wide adoption.
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Good job--one of your examples would make a good off-topic. Get voting, everyone!
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I sent an email about this already, but just in case anyone here already knows--why is the "all time" graph of trade data at Mt. Gox so out of date? The latest values there are from at least a month ago. |
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Great questions like these should be on their own dedicated Q&A site. Go there now and help select sample questions! /end plug |
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Could a link to his paper be restored to the front page?
+1 |
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The client will detect this and not send anything. It is comparatively hard to "accidentally a real bitcoin address."
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Turn this into a web app with some ads on the page and I suspect you'd pull a reasonable amount of traffic.
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Satoshi is such a genius.
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Haven't looked at the code, but would it be correct to assume mining grants rights to acquire a DNS entry?
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