People are regularly forced to convert paper money to new notes or lose the value. It is the exact same principle.
Most countries also have principles to apply to abandon properties and accumulated wealth with no inheritor that in the end returns it to the state.
Are these also unfair practices?
If you like state-issued fiat money with state rules, stick with that. Why try to recreate a failed system? As has been stated numerous times, this is a hard fork - so go ahead, make the changes you propose, release them, fork the blockchain, and see how many people follow you to your new alt-coin. Many people are hoping someone someone actually follows through and does it instead of talking about it and doing nothing while expecting someone else to do the work for them. The code is on github. If everyone follows you'll be a hero. |
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Turns out removing the newbie restrictions WAS a good idea after all.
</sarcasm>
It gave people time to learn how to search and read a lot about bitcoin so they'd see a lot of topics have been discussed and then they can join in them if they wish. ;-) Preventing 1000s of duplicate threads.
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The optimal crypto currency should have a built in algorithm for price stability, just like central banks try to target 1-2% inflation.
It can be done by letting an algorithm base the reward on:
*number of transactions per day
*number of addresses
*number of miners
*price of XYZ_Coin vs XAU...
Yeah, good luck with designing that algorithm ... Or we could assign Ben Shalom Bernanke as the chairman of Central Bank of Bitcoinistan to handle the monetary policy of Bitcoin. Central banks are not as bad as people in this forum believes, the Fed has actually been pretty good at keeping prices of goods in USDollars more or less stable year to year.True, if you define stable to mean losing 95% of its value in a human lifetime (my grandmother live to be about 100). Ditto for the Canadian dollar etc. Or half it's value in 20-25 years. |
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U have given me the code link, but I know this. I wanted to know, just like Gavin can modify and release a next version of Bitcoin-QT, how can I ? What is required to be part of the Bitcoin core development team ? Did you read the words under development process on that page? Yes, I read it before I post this topic. Read this... If it is a simple/trivial/non-controversial change, then one of the Bitcoin development team members simply pulls it. Bitcoin development team members - So they are the code master. So they control the code ? Why ? I want to control the code as well. How ? It kind of sounds like you don't understand how open source software works. Anyone can control their copy of the code. If there is something you want to control and implement, go to the link above, download it and make the changes you want. If everyone else likes the changes and wants to use them they will, if they don't, then they won't and you may have a fork. Just like there are a number of different bitcoin clients that implement the protocol, you can do so too, either from the code referenced above or from scratch. If you want to be part of the core devs of https://github.com/bitcoin/bitcoin, make a substantial contribution in doing some coding, testing etc. Take part in the community and earn the respect by writing quality code, that is well tested, well documented, and useful. Essentially do the things under this link: https://github.com/bitcoin/bitcoin#development-processU probably missed my first question and judged me on my last answer. I asked about the process of getting into core dev team. Have anyone really been the part of core dev team after BTC touched $1000 last year. AFAIK NO. You are talking about, if people like. So what, if people like and use ? My code will be accepted. Will I be accepted in the core team ? Is anyone really allowed there anymore ? It seems this is becoming dictatorship, if there is no well defined way to be part of the core dev team. If everyone else likes the changes is not a well defined process. p.s. Bitcoin is not like Mozilla. It is a financial project claiming decentralized currency. Effect on the code changes of Bitcoin has far wider effect than changes on Mozilla. Just because you don't like the answer does not change it. Write lots of quality, tested code etc as above. Or write your own client etc. Remember, changes to the code are different than changes to the protocol. |
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Hopefully the "hoard" those bitcoins for some time. :-)
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so if this is the first version of a Government coin, what does that hold in store for bitcoin?
IMO it's a different beast entirely. It's tied to the CAD, and as such is more of a stable currency.. while bitcoin is an open source smart/programmable commodity. I think they can coexist and be used for different purposes. If by stable you mean losing 94% of its value between 1914 and 2005 ( http://www.bankofcanada.ca/wp-content/uploads/2010/07/appendixa.pdf) :-) |
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It is showing up other places - assuming it was 0.0750 BTC going from 1JJ6QjNpE1DSr7x1wwtLh5TtCk5rm3fhvd to 17oUDTDPgZ961o1sasbYS1YrtWD7ha1UAu . Is that correct?
It will in all likelihood go through eventually, but with no fee, and no confirmations there are no guarantees as to when.
If you are doing this in the future, it is recommended to always use a fee unless you trust the person or don't care about the length of time to confirm.
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U have given me the code link, but I know this. I wanted to know, just like Gavin can modify and release a next version of Bitcoin-QT, how can I ? What is required to be part of the Bitcoin core development team ? Did you read the words under development process on that page? Yes, I read it before I post this topic. Read this... If it is a simple/trivial/non-controversial change, then one of the Bitcoin development team members simply pulls it. Bitcoin development team members - So they are the code master. So they control the code ? Why ? I want to control the code as well. How ? It kind of sounds like you don't understand how open source software works. Anyone can control their copy of the code. If there is something you want to control and implement, go to the link above, download it and make the changes you want. If everyone else likes the changes and wants to use them they will, if they don't, then they won't and you may have a fork. Just like there are a number of different bitcoin clients that implement the protocol, you can do so too, either from the code referenced above or from scratch. If you want to be part of the core devs of https://github.com/bitcoin/bitcoin, make a substantial contribution in doing some coding, testing etc. Take part in the community and earn the respect by writing quality code, that is well tested, well documented, and useful. Essentially do the things under this link: https://github.com/bitcoin/bitcoin#development-process |
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The transaction doesn't even show up now on blockchain.info - "Transaction not found". There are many variables with no fee transactions such as where it was sent from, the pools which have it in memory, the number of transactions waiting etc.
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How many "facts" can someone who has done even cursory research get wrong in 191 words? Lots, not even getting within 1 million of the correct number. The "analysis" was equally as bad. "Private and totally anonymous"? Really.
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You'll want your own EBS to store the blockchain and it will be persistent. Amazon has lots of information detailing it.
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You may want to look at the ec2 ebs which is persistent. I use it for two of my servers (not bitcoin) an for 6 years now have been happy with its reliability.
As far as usage goes, I am not sure off the top of my head it has been so long.
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This is a feature. No chargebacks is a positive.
If you are concerned about trusting the other party, then you would use a contract or use escrow. If the other party is honest they will have no problem doing that. If they are not honest, then they won't do it and you won't do business with them.
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"I don't like manipulated markets, so lets manipulate the market."
I will sell all of my altcoins which are created when you fork Bitcoin for this purpose and use those funds to purchase actual bitcoins.
I hope you, and everyone else who favors these types of measures, enjoy your new altcoin! Sincerely. Maybe then you will stop trying to turn Bitcoin into something it is not.
How about u stick a fork in your ass This is how you respond to someone who fully supports your idea? Look. I want you to fork Bitcoin into the altcoin-where-you-can-freeze-addresses-at-a-whim. I want the opportunity to see these two coins compete in the market. I want to show you how miserably your fork will fail because no one wants to hold an asset that can be frozen at a whim. I want that failure to point to when someone like you says again in the future that we should freeze an address because they dislike the owner. The main reason that I want you to fork Bitcoin is so that I can sell my altcoins-where-you-can-freeze-addresses-at-a-whim to people who support that kind of thing and purchase more actual bitcoins for myself. So, please, get this ball rolling! I too am on board. The people who keep suggesting it just need to get busy, implement it and set a fork date. It will be a banner day and something that will be very illustrative. |
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The implications portion was interesting, I agree. They lost me with the proposal that want to put tax the exchanges to raise money to fund a foundation that will promote bitcoin in a transparent way. Personally, I don't like the forced centralization idea - never mind the fact that it would be nearly impossible to get all exchanges to do it. Fine, start another foundation, get people to join voluntarily and let everyone else promote bitcoin in their own way. Bitcoin is about p2p decentralization and people having the freedom to join others who believe the same. Thanks for posting that - a worthwhile read. |
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"I don't like manipulated markets, so lets manipulate the market."
I will sell all of my altcoins which are created when you fork Bitcoin for this purpose and use those funds to purchase actual bitcoins.
I hope you, and everyone else who favors these types of measures, enjoy your new altcoin! Sincerely. Maybe then you will stop trying to turn Bitcoin into something it is not.
How about u stick a fork in your ass Nice way to react. Face it, this is a hard fork, if you think it is a good idea to ruin fungibility, go ahead and fork the clients and the blockchain then see how many people agree and use your fork. A poll here does nothing, make the changes to the code and let people be free to decide. |
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A European foundation is just what EURO needs.
It wasn't too clear, but if France (as in the French government) intends to create a European foundation, that is bad because then it will be under their thumb. If it won't be government created, this is good. I am curious how long until the word "bitcoin" runs afoul of the French language police like they try to ban "email", "blog", and "fast food". Lol. |
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