Bitcoin Forum
October 22, 2018, 08:00:27 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
  Home Help Search Donate Login Register  
  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 ... 311 »
241  Bitcoin / Bitcoin Discussion / Re: Rootstock (RSK) - Smart Contracts for Bitcoin on: September 12, 2018, 06:55:39 PM
While RSK (and various side-chain/off-chain technology) have great potential, but we know that all of them are ignored by Bitcoin community to the point the technology are used by altcoin or the developer make their own altcoin Sad
Besides, it's too complicated to peg/lock your Bitcoin and looking for the receiver who also use RSK. It's more convenient to exchange Bitcoin with smart-contract cryptocurrency whether through centralized exchange, DEX or atomic-swap.

RSK is not using actual bitcoins. its using a separate token that represents a 1 for 1 peg against a bitcoin.. and then that token is used offchain.
thus its not adding any smart contract features into bitcoin protocol. its getting people to swap thir bitcoin for RSK token and then having RSK network

though rsk is trying to be another "choice" of another second layer service thats not LN. both LN and RSK are trying to ppretend they are part of the bitcoin protocol, but in reality both not using bitcoins original peer-to-peer onchain, immutible permissionless ethos.

so treat it as a side service for niche usage. and not a thing you want to lock your funds into forever as a solution to bitcoin scaling

You don't need to mention the obvious details since it's already explained on it's main page.
242  Bitcoin / Development & Technical Discussion / Re: Testnet is under stress testing? on: September 12, 2018, 06:48:08 PM
It should be true and according to the documentation[1], it also say same thing. But there's no correlation between hashrate and stress testing since all you need to do are generate and broadcast lots of transaction.

Stress-testing is very wide term  Grin
I see now a lot of transactions and too big (in my opinion) hashrate.
I haven't analyzed yet the blocks and transactions themselves.

You're right, but if you ask people about cryptocurrency stress testing, majority would say high/increased amount of transaction. Not about unstable hashrate or other unusual test.
Can't say you will find out interesting result from your upcoming analyze besides raising TPS/hashrate.
243  Bitcoin / Development & Technical Discussion / Re: Testnet is under stress testing? on: September 12, 2018, 01:38:01 PM
It should be true and according to the documentation[1], it also say same thing. But there's no correlation between hashrate and stress testing since all you need to do are generate and broadcast lots of transaction.

244  Other / Meta / Re: Which discussion board to visit to really learn about cryptocurrency? on: September 12, 2018, 05:34:14 AM
Reading through the Development & Technical Discussion would probably be a great place for you to formulate pointed questions or conceptual questions and get the balling rolling. If you want to learn something about cryptocurrencies, simply decide what you'd like to learn and do research on that topic.

Bitcoin Technical Support also great section if you have technical question. Both section barely have spam since most spammer don't bother learn technical knowledge.
245  Alternate cryptocurrencies / Altcoin Discussion / Re: [New to Crypto?] Ask Any Crypto Question, I'll Answer on: September 11, 2018, 05:36:19 PM
Interesting thread. What do you think about privacy-optional coins such as Zcash and mandatory-privacy/fungible coins such as Monero (i'm not asking about price obviously)?
246  Bitcoin / Bitcoin Discussion / Re: Citibank is offering crypto custody. on: September 11, 2018, 05:27:15 PM
You may think it's a good news for the market, but in reality, it isn't for the long term. It is the start of the oligarchy take over and it isn't was what a cryptocurrency is supposed to be, but hey it isn't a problem for the majority of you since you have no problem to be ruled and get crypto regulations

They're aimed for investor or anyone who don't care about Bitcoin's advantage such as no-censorshop/have full control.

You may think it's a good news for the market, but in reality, it isn't for the long term. It is the start of the oligarchy take over and it isn't was what a cryptocurrency is supposed to be, but hey it isn't a problem for the majority of you since you have no problem to be ruled and get crypto regulations

If you think crypto would have any chance of real world use without regulations you are just dreaming..

Regulations are unavoidable, atleast crypto lets you control a lot of aspects yourself.

EDIT: I think this is cool news, opens up a lot of possibilities.

I agree that regulations are unavoidable, but with this custody, you lost many aspect that you control when you use real wallet. There are different kind of regulation which could be applied such as taxing when buy/pay something with bitcoin.
247  Bitcoin / Bitcoin Discussion / Re: What do you think of these controversial statements of Andreas Antonopoulos on: September 11, 2018, 05:22:30 PM
IMO his statements completely makes sense since it's true :
1. JPMorgan and Chase don't bring much good continuance towards Bitcoin since they continuously attack Bitcoin and few people blindly trust them
2. While smart contract is amazing, there's huge limitation since most contract still need 3rd/trusted party and there's scalability trade-off
3. I've no idea about economic, but surely few parts are true.

But those statements only controversial to those who strongly believe on JPMorgan/Chase, smart contract technology or government Roll Eyes
248  Bitcoin / Development & Technical Discussion / Re: 51% attack can be done with no source code access? on: September 11, 2018, 04:54:07 PM
If your cryptocurrency shitcoin is closed source (the protocol/standard part specifically), then you don't need 51% attack to control the network since you can write protocol which makes someone have full power Roll Eyes

P.S. are you trying to make your own cryptocurrency since i've seen you make similar thread (about various technical detail about bitcoin specifically) Huh
249  Bitcoin / Bitcoin Discussion / Re: This is why we should all use Bitcoin and no more credit cards. on: September 10, 2018, 04:35:01 PM
While it's sucks and can be considered as shady practice, i'm 100% sure that their terms and condition mentioned that you'll be charged automatically after the trial ended if you didn't cancel before it ended.
Maybe you should use debit card with very low amount Roll Eyes
250  Bitcoin / Bitcoin Technical Support / Re: my transaction fee is too low . what should i do now? on: September 10, 2018, 02:31:58 PM
Since the transaction already confirmed, there's few things you want to consider next time :
1. Make sure you set fee which is suitable for your needs (1 sat/byte for non-important TX and higher for important TX). Website such as and should be good, however tends to over-estimate fees for next-block/fast confirmation.
2. If you still unsure/confused, you should use wallet which support RBF (Replace-by-fee) which make and broadcast your transaction, but with higher fees.
3. If you accidentally sent TX with low-fee again and your wallet don't support RBF, you could try contact the receiver to spend the bitcoin/input to make your TX could confirmed faster.

But generally you don't need to worry about set low fees, unless time/speed is important in your case Smiley

I've never understood what these 2 lines are on

I assumed the lines that contain a number are the number of transactions in a queue with that given amount of sats per byte. Is this correct?

For instance, 1-2 and then the 2 lines, 2783 in orange is number of transactions on 1say/byte and 39729 grey is number of transacting on the 2says/byte.

What I find confusing is.. why would people pay 2 sats instead of 1 when 1 is way less crowded?

Pesonally I just use whatever is in 0-3 delay so around 5 sats these days.

Frankly i'm not sure either between :
1. Unconfirmed transactions and Transactions today
2. Transactions in mempool in last 336 hours or transactions in last 24 hours

But according to mempool size and daily bitcoin transaction count, most likely the 2 lines on represent 2nd option. Honestly i just take a look at "Fees" and "Delay" fields since those 2 information is good enough to determine how much fees should i set.
251  Bitcoin / Development & Technical Discussion / Re: Blockchain based online portal on: September 10, 2018, 02:16:38 PM
You don't need blockchain in this case, another P2P method such as BitTorrent or IPFS protocol with encryption should work just fine. Besides, blockchain is inefficient for such things mainly due to potential spam and scaling problem (unless you don't care people should run full nodes at low cost).

Alternatively you could use Steemit and Filecoin which already exist rather than make another one or see this thread ( why blockchain is inefficient for such things
252  Other / Meta / Re: This senseless cheating should stop on: September 10, 2018, 03:03:10 AM
If only bounty manager request Signed Message with associated address of registered bitcointalk/social media account (which can be automated even with SPV wallet which support RPC-JSON or similar), most problem will never exist.
But we know that they don't care about that at all, so i think the only think we can do are put such info on our own profile.
253  Other / Meta / Re: New Tor error? on: September 10, 2018, 02:47:20 AM
I don't use Tor Browser, but i've no problem using Tor Expert Bundle with JS enabled on my browser. Close and open the browser should fix the problem since each time you open Tor Browser, it connects to different nodes.

Edit : Just press Ctrl+Shit+U or click "Three Horizontal Lines" then click "New Identity"
254  Other / Off-topic / Re: Merits For Deserving Members Of Forum on: September 10, 2018, 02:35:18 AM
Thanks. I don't know why it appears without the ID number when I go to my profile.
Do I need to submit my profile again with the user id, OP?

If you only click the PROFILE button in the menu bar, it really doesn't give you the link with your USER ID. But if you click your name within your previous posts it should give you the link with your USER ID.

And to help you out... this is your link mate. Smiley


Also, I think there shouldn't be a problem resubmitting your application Wink right OP?

There is no review for users who can't even post their profile link.
I don't think so they are eligible for it.

Now someone submit Satoshi's profile and we know Satoshi do that, i won't be surprised people intentionally do bad-submit with user/profile they hate Roll Eyes
255  Other / Meta / Re: [Script] Open all new Watchlist or new/unread replies/posts in a new browser tab on: September 09, 2018, 05:23:56 PM
Nice script, it works so well that the SFM shows "Too fast / overloaded (503)".

I just realized that i've bunch of watchlist since "Watch this topic" is enabled by default. Maybe you should give this warning, otherwise few members might open dozens/hundreds of new browser tab Roll Eyes
256  Bitcoin / Development & Technical Discussion / Re: How devil competes with its own mined blocks. on: September 09, 2018, 05:13:04 PM
Interesting find, while all option seems possible, i think 4th option is most likely reason because :
1. Even if it's under 1 brand, there's chance they don't sync timestamp between each branch.
2. There's block propagation delay between each breach/nodes for each branch are "far", unless they configure to connect directly to each branch's full nodes.

I wonder miner's reaction who use this pool when they find out about this ridiculous competition Roll Eyes
257  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: September 09, 2018, 04:59:54 PM

If it's true, then Bitcoiner could buy the dip after 1 million Bitcoin is dumped Smiley
Win-win for both community on long erm

Even if it is true, wouldn't there be a huge tax involved? Plus, whith a huge law suit pending, I don't think this would be a good move at all.

OTC trade, person-to-person trade or decentralized exchange solve the problem. But even those method combined, surely the volume is far less than 1 million.
258  Alternate cryptocurrencies / Altcoin Discussion / Re: ​Facebook holds ICO ban but allows 'approved' cryptocurrency ads on: September 09, 2018, 04:42:48 PM
It's better than all kinds of cryptocurrency advertising, but the real question is what kind of/criteria of "approved" of cryptocurrency advertising?
Hopefully facebook is neutral and not only allows cryptocurrency advertising from company/community which have relationship with facebook.
259  Bitcoin / Bitcoin Discussion / Re: Guest Spot: Who or What Can Put an End to Bitcoin? on: September 09, 2018, 01:15:13 PM
Even different idea/way to overcome scaling solution or new features can end delay Bitcoin development and adoption at same time Roll Eyes

But the harder government try to end Bitcoin, people will continue struggle. Decentralized exchange is the prime example after all exchange is forced to comply with KYC/AML.
260  Bitcoin / Development & Technical Discussion / Re: What are the steps to take to publish the solution for blockchain scaling? on: September 09, 2018, 01:03:19 PM
Please advise what are the further steps to take from here.

Release your whitepaper and make sure someone do peer review on your paper. Release it on it's own testnet or release the source code also helps.

There was never an issue with figuring out the way to scale a blockchain, there was just a debate on which solution we will implement.
That debate resulted in a fork as people couldn't agree.

I disagree since there's few lazy scaling solution such as only increase maximum block size limit while others try to decrease TX size, move it to off-chain/2nd layer or make nodes not verify all transaction.

The lightning network works only in theory because it still needs everyone to be in a payment channel with someone. Just writing those "LOCKED" payment channels requires a lot of on-chain space.

You mention LN's disadvantage, not why it only works on theory since LN already used on both testnet and mainnet.

I am glad that you have another solution, but this is a 'problem' that even Satoshi gave a simple solution for.
It is a kinda of a virtual problem, not a natural one. The block limit was purposely implemented for spam protection.
So it is very simple if you just want to solve it simplest and quickest way possible, but off-chain solution ended up being followed by most.

Here's my view for your statement. If 10 billion people in the world used blockchain for payments. That's at least a million transactions a second. Currently, the Blocksize is 1 MB. If the minimum BTC transaction size is 250 bytes.  ~4,000 transactions per block. That's 6.66 Transactions per second.

I have a solution (proof of concept in GoLang) which scales up to 1M transactions per second with a smaller block size without compromising on decentralization / security / future scalability.

Assuming current block size is 1MB (which isn't because we use block weight limit with 4 kWu limit) or AFAIK 1.000.000 bytes in reality, then that means 1 transaction only have size about 1 byte and i can't see how would you fit transaction (input, output and signature). But i've no idea about GoLang.
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 ... 311 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!