So a new address was created and assigned to my wallet, even though that new address doesn't show anywhere on my BTC client GUI?
That's weird and confusing
You're not supposed to care about this. The information displayed by the GUI is exactly the information you need. Whether I care or not depends on my motivation & PoV. What i care about is understanding the block chain. I guess the block chain explorer report is the confusing part. it makes it seems like 0.01 + 0.0005 is supposed to equal 0.01 + 0.01 + 0.0005 that's not the way accounting works The GUI is like the driver's seat of your car. The details of the engine will not be apparent from there. |
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when you spend bitcoins, its all or nothing being sent from an address.
you sent 0.01 btc, a 0.0005 Fee, and i guess you had another 0.01 left in that address. The blockchain spends all the funds with that address or addresses, and the sends the change back to yourself.
its like paying with a 5$ bill for a $1.10 drink. You spend the 5$, get back your change.
It's a little more nuanced than this. If you get 1BTC at an address and then another 2BTC at the same address and go to spend 1BTC it will not send all 3BTC, only 1BTC. The input on any transaction is actually a prior transaction not an address. It is all of a previous transaction that must be used at once, the remainder sent as change. |
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well that's what the affiliate program would be used for. for instance, when a new member joins using my affiliate code, or any one elses for matter, the affiliate holding that reference number would be credited by the affiliate who issued it, as a promotional campaign. you seem full of ideas on this btw. would you be interested in becoming a partner? how well are you at html and php coding?
Ha, thanks. I am full of ideas, but I don't code. I could support my chess variant idea with some money. |
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sounds pretty great acctually. but i'm not looking to entice noobies, i want people who actually know how to play chess and want to compete. i could set up player history statistics so they can choose if they want to accept an invitation from a player that has never lost a game. that way it would be balanced. i dunno though, but that's off the topic of this thread. this thread is for a competitive gaming site for counter strike, team fortress, etc. server tracking, php reading log files of servers, determining winners and dispersing bitcoins from an escrow account. the chess was just my first, but this is what i really want to do.
Sure, sorry to derail your thread. Going to do it one more time. You should look into the state of chess betting. People don't really do it. Yeah, in the park in NYC a tourist will pay $5 to say they got hustled or whatever. It's completely different that something like poker. The weakest player will know right away they are weakest and drop out and that will continue. I also don't think chess noobies would be very interested in my idea, but stronger players who feel they can adapt better than other strong players. And you don't have to worry about bots unless the money gets very large because there are no bots programed to move the night 3-1. Making a new variant every so often keeps the uncertainty around longer and people can convince themselves that they have insights into it. Also everyone will be learning faster so again they can tell themselves that yeah, they just lost, but now they understand a lot better. Ok, I'll let that go now. Let me know when it's up and running and I'll donate a little to some stronger player. np man, will do. like i just said to the "hero member" i still have to test the api functionality. just to make sure the escrow accounts transfer properly when a game has been resolved. i'll send you a pm so you can take a look at it and share your insights. just don't fund your account yet. there is also an affiliate program so you can refer players and earn a commission. Cool. A few more thoughts. I hope you plan to take a cut, people who offer free services tend to flake out as the project gets old to them. If you will be taking a cut you might offer prizes that soften the blow of being a perpetual loser. Like a weekly reward for most games played or most games lost or most money lost. I do think you should let people play for free to try it out. Maybe even in the beginning give a faucet type amount to any winner even for a free game to get people's attention. |
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I think its a prank
Bittalk Media is Pleased to Announce Release of the Very First Issue of Bitcoin Magazine. : http://t.co/fXedxWSK #bitcoin If it is a prank and they put this on they own website it would amount to misleading subscribers and possible legal problems. Lol, I don't doubt (ok I doubt it a little) that it is finally ready, but if saying it will be ready when it isn't could cause legal problems they'd already have plenty. |
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sounds pretty great acctually. but i'm not looking to entice noobies, i want people who actually know how to play chess and want to compete. i could set up player history statistics so they can choose if they want to accept an invitation from a player that has never lost a game. that way it would be balanced. i dunno though, but that's off the topic of this thread. this thread is for a competitive gaming site for counter strike, team fortress, etc. server tracking, php reading log files of servers, determining winners and dispersing bitcoins from an escrow account. the chess was just my first, but this is what i really want to do.
Sure, sorry to derail your thread. Going to do it one more time. You should look into the state of chess betting. People don't really do it. Yeah, in the park in NYC a tourist will pay $5 to say they got hustled or whatever. It's completely different that something like poker. The weakest player will know right away they are weakest and drop out and that will continue. I also don't think chess noobies would be very interested in my idea, but stronger players who feel they can adapt better than other strong players. And you don't have to worry about bots unless the money gets very large because there are no bots programed to move the night 3-1. Making a new variant every so often keeps the uncertainty around longer and people can convince themselves that they have insights into it. Also everyone will be learning faster so again they can tell themselves that yeah, they just lost, but now they understand a lot better. Ok, I'll let that go now. Let me know when it's up and running and I'll donate a little to some stronger player. |
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...snip...
Now consider 8% as the long-term inflation rate, which it has to be since all federal and commercial bank debt is money. Long-term the inflation rate has average 6% over 30 years.
...snip...
What country had an average inflation of 6% in the last 30 years? By 1982, Volkner had squeezed inflation out of the US system and it hasn't come back. No inflation since 1982? That's longer than I've been alive and I'm sure the price level is higher than when I started buying things. |
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So i always thought the idea in SC of modifying the block reward based on difficulty was pretty good.
If someone invents a machine that does 100Gh/s on 1 watt and costs 10 USD everyone would go out and buy one. BitCoin would adjust quickly but a reward based on difficulty system would generate coins at some crazy high rate inflating away the value of all existing coins. You are better off with fixed rewards per block. Difficulty will adjust the production rate and the free market will adjust the trading value. That's a really good idea! |
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Betting on chess is not so popular because the best player wins a very high % of the time. I'd be interested in chess variants that involved some luck. Possibly better than luck would be a new variant every day or week. New games make everyone a lot weaker and the outcomes will be more like when two noobies play which is closer to even results.
This would also break all existing chess programs and anyone cheating would have to work really hard.
Crazy ideas:
You can't move the same type of piece your opponent just moved.
Nights move 3 and 1 instead of 2 and 1.
Pawns can't capture the queen.
Pieces can't capture their own type, pawns still can.
Win by checkmate or checking the enemy king 5 times.
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The website might have brief downtimes over the next few hours. The games will not be interrupted.
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tl; dr: The easier it is for honest miners to mine compared to an attacker, the more secure is the Bitcoin network.This is a point which seems completely banal to me, but if even Bitcoin's lead developer can be confused about it, it deserves a post. Don't I care about miners? Really, no, quite frankly. I mean, mining is a zero-sum game, right? So if we make it easier for more miners to start trying to generate bitcoins, that really doesn't do a whole lot for the system.
Mining is indeed a zero-sum game for miners. The total amount of bitcoins to be gained by mining is fixed by protocol and by the transaction fees users are willing to pay, and if it's easier for one person to mine, what he gains will come at the expense of other miners. Since a lot of changes are going to affect good and bad miners alike he was probably referring to that sort of change. |
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Naturaly you would use different addresses.for each transaction, but following where those transactions all come together is very easy. Using an external mixer service is tricky too, need a lot of trust to do that and it will probably be very expensive at high values and volumes, making bitcoin not so interesting for busines ... I was hoping somebody had a better idea then mixer Services.
So 4 random customers send you money then you pay hosting. If one of those 4 cares they'll see that... you spent the coin... maybe... or maybe you moved it to another wallet you control. |
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Money has no relationship to reality.
Wow that is just so false that I don't know how to address it. Does gold have any relationship to reality? Do Bitcoins? Do cigarettes and seashells and cattle have any relationship to reality? I think they clearly do. They are real. And, they are money. Sooooo... WTF are you talking about? Calling something money doesn't make it different that what it is physically. FRN's are pretty pieces of paper. Bitcoins are strings of 1's and 0's. Gold is an element of matter. Ultimately, money is a shared delusion that we have been trained to accept as real. We existed without money and we can do so again. Dude, this forum is a string of 1s and 0s. So is wikipedia and redtube. And gold is just a bunch of stupid electrons and protons and so are you. |
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i have actually, somebody actually sent me a pm with the link, but i didn't get a chance to see how it works in depth I get tons of 'free' traffic from my sig and thread. I want to find your site and can't that's a bad thing. |
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Here are some totals for these addresses:
Wager BTC Trxs
lessthan 1 8 2768
lessthan 2 0 104
lessthan 4 1 1126
lessthan 8 1 56
lessthan 16 1 82
lessthan 32 1 44
lessthan 64 5 160
lessthan 128 40 260
lessthan 256 3 42
lessthan 512 9 278
lessthan 1000 8 248
lessthan 1500 3 64
lessthan 2000 10 152
lessthan 3000 14 98
lessthan 4000 10 142
lessthan 6000 20 266
lessthan 8000 41 570
lessthan 12000 69 478
lessthan 16000 157 1458
lessthan 24000 719 1602
lessthan 32000 537 3897
lessthan 32768 1,018 4004
lessthan 48000 468 2387
lessthan 64000 245 790
Total BTCs wagered: 3,387 BTC
Total number of wagers (transactions): 21,076
Total transactions on the blockchain: 42,152
Average wager: 0.16 BTC
Holy crap. In 8 months Seals has done 7398 transactions. |
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The market will set a price, but if I want to hold some savings long-term, I want to know if someone can suddenly resurrect a large number of very old coins and devalue my holdings. It's not a problem now with most coins in active circulation, but what happens if we end up with a large majority of stale coins? It's not good for confidence.
But the market price already takes that into account. When I am investing, I know that there are 2-3M coins that are still sitting dormant in their generation blocks. I know that someone could take those out, and drop the price. And maybe that's part of why BTC's are only worth $5 instead of $10 right now. So yes, it decreases confidence, but confidence would be even lower if people knew they could lose all their money if they didn't touch it for long enough. Yup. There are two possibilties, both bad, but the impossible one is less bad. lol Time machine: Convince Satoshi to pick an arbitrary expiration. Change it now: Just terrible. Wrecks confidence in two ways. Savings are less secure and require work to maintain AND you don't know how much less secure because whatever voodoo the changers did might be used while you are on extended vacation to reduce the time even more. |
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Not to be negative but people who sell certain things really benefit from people using credit. Of course you could potentially have a bitcoin denominated credit card in the future, but there goes the low/zero fees and irreversability.
In what way? I have spoken to a couple of shopkeepers. Each independently claimed to pay $800-$1200 in fees every month to banks for creditcard costs and on top of that you have the chargeback problem. Maybe you don't have $4000 for that huge tv, broken arm, or complicated laser eye surgery but you really want it so you put it on a card. That's a sale which the vendor would never see without people having access to credit. Of course as regards OPs specific thesis I guess it will lower costs, people will spend less and get less perhaps. |
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Wouldn't all rights mean exclusive use? But you already sold it to one guy? Does that person have the source?
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The victim experiences this as a tx that just won't confirm correct? The tx doesn't entirely disappear?
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Not to be negative but people who sell certain things really benefit from people using credit. Of course you could potentially have a bitcoin denominated credit card in the future, but there goes the low/zero fees and irreversability.
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