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5561  Alternate cryptocurrencies / Altcoin Discussion / Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs) on: July 16, 2013, 09:27:43 PM
i'm not fixing shit. i can't deal with this headache any longer

That goodness it wasn't worth fixing anyways.
* scamcoin which adds nothing new - CHECK
* premine of 1% of money supply for $20 worth of work/cost - CHECK
* broken superblock calculations - CHECK
* flat coin distribution for 7 years and then goes to zero which equals coin death - CHECK
* self described genius businessman who is unemployed and broke and believes the sole purpose of cryptocurrencies is to get rich quick in a dot com style bubble - CHECK

I mean seriously of all the projects to devote resources to saving?


5562  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies! on: July 16, 2013, 09:23:08 PM
Do you have a donation address?

Can you consider adding a share % for each coin (as in the share of total cryptocurrency valuation or at least coins you have access to).  The ability to switch charts and change to 30 days would be nice.  Hope you keep improving it.
5563  Alternate cryptocurrencies / Altcoin Discussion / Re: Solo Mining Question -- No Accepted Shares & No Block Deposits? on: July 16, 2013, 09:18:51 PM
there is no concept of shares in solo mining.  The sole purpose of shares is divide the reward between miners in a pool.  For the record all shares are failed hash attempts and are utterly worthless.

In solo mining you find a block when you find a block the number of "shares" would have no meaning or value.
5564  Bitcoin / Bitcoin Technical Support / Re: where are my bitcoins on: July 16, 2013, 09:11:16 PM
The transaction has been confirmed now. Thank Eclipse for ignoring the devs' new policy.

okay I am still conceptualizing what just happened



I see that it is being confirmed now, how did that happen? I thought it would be sent back to me first after I "deleted the TX from my wallet" or waited long enough

I upgraded multibit, given that this is being confirmed now, was upgrading the client a factor in it being confirmed

who is eclipse, the java IDE?

You can't affect other nodes.  You deleted your local copy of the tx and eventually other nodes would have deleted it as well (because your node would stop broadcasting it) however you deleting your local copy doesn't force other nodes to do the same.  They actually have no idea you deleted your local copy.  A copy of the tx was still on one or more nodes and one or more of those nodes relayed it to a miner who mines tx below the dust threshold.  That miner found a block and your tx was included.

Remember try not to think about Bitcoin as some "network" (which creates an impression of a single unified system).  Bitcoin consists of nodes which happen to follow similar rules.  All you can do is control your node.  You have absolutely no control over any other node on the network.  All nodes work independently.

5565  Alternate cryptocurrencies / Altcoin Discussion / Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs) on: July 16, 2013, 08:58:02 PM
Nobody said anything about learning to code.  

Here since your years of college apparently were wasted

Quote
While a background in software development helps there is a lot of technical information which is not in code form.

It is the general concept that one should know something about the industry before trying to create something new in the industry.  You don't need to be a chef but if you want to open a new restaurant (or at least a successful one) you might want to know a little something about how restaurants work first.  If you want to open a gold mine you don't need to know personally how to operate a mining drill but you better have some knowledge on how mining works.

Crypto-currencies are no different.  Your knowledge is non-existent worse you assume you don't need any knowledge and everything will just magically work.  That is called ignorance.  I pointed out just four flaw (or too many to list).  These weren't flaws in the code, they were flaws in your understanding.  No matter how great the developer the project was doomed to failure because it was fundamentally flawed at the conceptual level.  Since subtlety isn't your strong suit, NUG was doomed to failure due to your own ignorance.
5566  Bitcoin / Bitcoin Technical Support / Re: where are my bitcoins on: July 16, 2013, 08:49:43 PM
It is most likely your change output is too small - transactions with outputs less than 5430 satoshi don't propagate across the network now.

I suggest you update to version 0.5.12 of MultiBit (the current one on the https://multibit.org site).
Then you will want to do a 'Tools | Reset blockchain and transactions' to sync back to the blockchain. The transaction you posted never made it successfully into the Bitcoin network so will disappear.

Then send the transaction again. The latest version does not generate 'tiny change' outputs - it gets bundled into the fee as a little bonus for the miner.

ok did this now

when will it disappear?



Each node if different however since your tx isn't compliant it is very likely that every peer dropped it the second you transmitted it.  You can try spending again at any time.  Each peer/node will relay it unless they already have received the older version of the transaction.

A hint if that seems confusing.  There is no such thing as "the network" Bitcoin is a network of independent peer nodes.  So nobody can know what all peer nodes will do unless they have access to all the peer nodes.  However it really isn't important.  If at least one of your direct peers rejected the old transaction it will accept and relay the new one.
5567  Economy / Economics / Re: Lower Transaction Fees = Liquidity on: July 16, 2013, 08:46:22 PM
Well no the lowest fee is 0 BTC (for high priority transactions).  Only low priority transaction have a mandatory fee as a denial of service prevention mechanism.  All tx fee (both mandatory or optional) go to miners.

Excuse my sounding like a newb, but this escaped me. What are low/high priority tx?

Notme posted the exact formula but a  general rule of thumb is "one bitcoin day" for high priority.  By one bitcoin day I simply mean the value of the input (in full BTC) times its age (how long ago the coin was received).   If your inputs are "one bitcoin day" or greater then your tx is high priority and no mandatory fee is required.  You  may still wish to include an optional fee to faster processing but the tx will be relayed by all nodes as having sufficient priority for no fee.



For example.  
1 Bitcoin received 1 day ago (144 blocks) is high priority  (1 BTC) * (1 day) >= 1 bitcoin day
0.5 Bitcoins received 2 days ago is high priority.  (0.5 BTC) * (2 days) >= 1 bitcoin day
2 Bitcoins received 12 hours ago is high priority. (2 BTC) * (0.5 days) >= 1 bitcoin day

Times values in hours or days are just illustrative all age is by blocks 144 blocks = 1 day on the network (regardless of it being shorter or longer than one calender day).

5568  Bitcoin / Development & Technical Discussion / Re: Ecommerce bitcoin integration and verification on: July 16, 2013, 07:35:46 PM
I wonder why the bitcoind client is not allowed to check on the balances of any address as this would cure the problem perfectly

The problem is that it scans a block, but doesn't record all addresses, since that is a massive database.

Basically, it watches for any addresses in its wallet when a new block arrives, but ignores any others.

Why do you want to be able to check any address?  If you tell the client in advance what ones you are interested in, then that is probably the best way.

It is not so much "any address" it is however addresses that are not in its own wallet.

I am new to bitcoin integration though, so if my ideas of how it works are wrong please do correct me!

(Basically i want 2 wallets; 1 online to allow checking if a payment was made; And 1 offline to store and have the funds sent too.
My logic "thinks" this is the best way to do things, as then if the server is hacked, it would still not be possible to transfer out my shiny bitcoins)

Thanks
Ford

Bitcoind (the daemon for bitcoin) doesn't support watching wallets however you can create one as a workaround.

On secure computer:
1) create a new wallet, expand the keypool for a reasonably large number based on your expected volume for example 1000 keys and encrypt it.  This is the spending wallet.
2) Make a backup of the spending wallet and store in a secure place along with a backup of passphrase.
3) Make a COPY of the spending wallet.  On the copy change the passphrase to a random long (like 80+ charecters) passphrase.  You should NOT record this passphrase anywhere for any reason.  Mashing the keyboard should be sufficient entropy.  This is the watching wallet.

You now have two wallets:
spending wallet
never put on public webserver
secure backup
known strong passphrase

watching wallet
put on public webserver
has an unknown and impossible to brute force passphrase

Technically the private keys are still on the server but the wallets is always locked, nobody (not even you) knows how to unlock it so if an attacker steals the "watching wallet" the coins are unspendable.

You can now use RPC calls on the watching wallet to get next address from keypool, check on incoming transactions, etc.  Eventually the keypool will be exhausted.  Since the watching wallet can not unlock it can't refresh the keypool.  You will get an error trying to get the next address once keypool is exhausted.  At this point you simply need to repeat step 2 above.  Your spending wallet will have refreshed the keypool overtime.  You can make a new copy, randomly encrypt it, and transfer the copy to the webserver.








5569  Alternate cryptocurrencies / Altcoin Discussion / Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs) on: July 16, 2013, 06:50:29 PM
The big name developers here are busy maintaining and developing for their coins.  They aren't looking around to make quick start-up alt coins for whoever tosses them a few bucks.  I doubt they would ever want to hand off one of their creations to someone with no skills to keep it alive for more than 15 minutes.  And have their name tarnished by the fact they were creating these coins for people only looking to make a few $$$.  And I am positive they would never allow themselves to get a star on their name to have 15,000 spam messages from people wanting them to create coins for them all. 

You had one of the best alt coin programmers working for you.  He missed a small error, probably due to the fact it was rushed out the door, and not properly tested.  (Should have been tested for at least 2-3 days to ensure everything was working ok, and the Superblocks (VGB) were firing at the correct intervals.  You said yourself when you launched it that you were unsure the VGB would work properly.  That alone should have been a reason to give it some testing time.  And now you have a programmer that is also decent.  But your undermining him constantly, and forcing him to work more on damage control than fixing the code.   

This.  For the record an experienced software developer generally makes $25 to $75 an hour.  This is part of a low risk salary job so freelance programmers (which have added overhead of self employment taxes, nonpayment risk, stranded projects, and more) generally charge more.  200% to 300% would be a good ballpark.  Now a programmer may accept a job for less but that is probably because they find the project interesting or challenging.  There is nothing interesting or challenging about another clone scamcoin it has been done what 50? times already.
5570  Alternate cryptocurrencies / Altcoin Discussion / Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs) on: July 16, 2013, 06:47:34 PM
And BTW: I'm no programmer AT ALL, and its not so difficult to understand the basics of how crypto works, and how to make a Scrypt clone... It just takes a little bit of reading, the code is not so difficult to understand even if you are a profane - just stop writing nonsense AND READ. Can you make that exercise? Stop posting for a week, slap your hand when you have the temptation of writing a post, AND JUST READ AND LEARN.

This.  While a background in software development helps there is a lot of technical information which is not in code form.  One can spend a week just looking over the wiki to learn "how" Bitcoin (and thus any clone of it) works.  The ability to improve knowledge is there.  It is useful for project managers for example to understand at a high level how the systems they are managing work even if they aren't writing any code. 

Some examples would be that vlad believes:
a) that a blockchain which has a reward of 100% until 7 years at which point it drops to zero is viable.
b) that making the outcome of the block random changes the EV and thus favors small miners over large ones.
c) that random block rewards are impossible with proof of stake.
d) that an entity with 51% can change the rules of a protocol (i.e. a government making Bitcoin trackable and transparent).

None of these are programming concepts they are high level concepts (and they are all false BTW).  Not everyone needs to be a software developer but I would imagine (or hope) that the Winklevoss twins learned more about how Bitcoin works before buying a large stake and/or trying to launch an ETF.  Reading through the public doc it would appear they either personally understand or have hire experts who understand at least most concepts related to cryptocurrency.
5571  Other / Politics & Society / Re: Bitcoin Welfare System on: July 16, 2013, 06:40:35 PM

But I don't prefer to live in a society where someone who needs help needs other people to like his charakter.


FAIL. It's that kind of stupidity that has created the police state we have today.

be gentle. hes trying and he doesnt strike me as intellectually dishonest or dumb. he just needs to work through it all. we all had to work through years and years of programming.

This.  The concept of a state is a great "abstraction".  If your neighbor needed money (legitimately needed money say his wife had cancer) almost all people would not find it ok to use violence to convince other people in the neighborhood that they "should" help the neighbor with a sick wife.  Now if the neighbor held a meeting a voted 12 to 7 that everyone should give $10,000 to the neighbor with a sick wife under the threat of violence most people probably still not find this "ok".  The number is likely higher than the first example but still low.

However somehow when the neighborhood is expanded to be 300 million people and millions of votes the idea that violence can be used to force people to do "the right thing" is suddenly "ok" for a whole lot of people.  It is an obvious logical fallacy.  Someone who is not ok with personally using violence to force people to "do the right thing" and not comfortable with the majority of a small group deciding the same thing shouldn't be ok with the state doing it either.

However that is the power of the state.  The violence is indirect.  Most people never see the violence because most people comply with the will of the state.  This indirect threat of violence is easier to justify.

5572  Alternate cryptocurrencies / Altcoin Discussion / Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs) on: July 16, 2013, 03:07:51 PM
I wouldn't say lazy devs.  I can't fault the programmer at all.  He was paid about $20 to throw something together in about an hour or so.  Then when it was supposed to be read over, Vlad got antsy, because he wanted his coin now, and he launched it.  Even with a team of programming devs, you can't reasonably create a coin with any innovation in a few hours.  The entire thing went from concept to launch in around 48 hours.  And 40 hours of that were due to him having a hard time contacting a programmer to make it for him.

This.  To Vlad, $20 and a rushed couple of hours developing a cloneCoin with no testing is a "long term investment".  I just have to say this thread is pure comedy gold.
5573  Alternate cryptocurrencies / Altcoin Discussion / Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs) on: July 16, 2013, 02:54:53 PM
Again, wrong. Any attacker who controls the majority of the network hashrate can dictate their protocol changes, effectively causing a hard fork. Without touching any existing programs at all. Please everybody at least get a basic understanding of the system before you engange in conspiracy theories from either stand Grin

False.  100% false.  Say today 51% of miners decided they wanted to have 10,000 BTC block reward.  That would produce a hard fork there would in fact be two "Bitcoins".  Miners can fork the network HOWEVER the existing fork will still exist.

So given a choice between
a) a new imcompatible fork where miners get 10,000 new BTC per block
and
b) the current Bitcoin protocol

which would you choose.  Note that choosing a would require you to download a new incompatible client.  The default choice would be "b".  Users that did nothing would simply see these new blocks as invalid and reject them.

Please understand the protocol before "correcting" others.
5574  Economy / Services / Re: 911!!! NEED A HERO MEMBER TO OVERSEE ESCROW ON TRADE NOW on: July 16, 2013, 04:35:53 AM
INB4 I'll do it for free XD


OP Contact casascius/John K.

This.
5575  Economy / Economics / Re: Lower Transaction Fees = Liquidity on: July 16, 2013, 04:31:17 AM
In fact, I am curious about where will the transaction fees go to finally. Huh

Version 0.8.1's lowest fee is 0.0005.
Now the version 0.8.3's lowest fee is 0.0001.

1 million transaction would cost nearly 100 BTC.
They can't just disappear.

Well no the lowest fee is 0 BTC (for high priority transactions).  Only low priority transaction have a mandatory fee as a denial of service prevention mechanism.  All tx fee (both mandatory or optional) go to miners.
5576  Alternate cryptocurrencies / Altcoin Discussion / Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs) on: July 16, 2013, 04:27:47 AM
But once the ETF takes off serious money will come in (billions) they will accumulate most alt coins, they will seek another bicoin ETF (I think ixCoin as it's the best match and I have now bought nearly 1%) they will also make an alt coin basket ETF, all of these actions will make most alt coins skyrocket. They're (bankers snd the mdedia) laughing now cause they're idiots just like they laughed at the first Internet funds back in 1994 and when the first one went billion $ - buster, overnight, there was a mad rush to mass copy that Internet fund which drove any and all Internet stocks tru the roof becssue there were not enought Internet stocks to satisfy the billions of incoming funds and this time around, even with 300 coins there will be a massive shortage especially due to a serious lack of liquidity.

Are you suggesting that there'll be demand for 300 or even 3000 altcoins with mostly no innovation?


Yes.


Internet companies had no innovation, just ideas.  They had no sound business plans just hype and an idea.  That's why wallstreet laughed snd mocked the first Internet fund in 1994.  A year later all hell broke loose and they went crazy to find Internet stocks to buy and to create funds.  5 years later all interer stocks were priced so crazy high but only about 1 dozen actually had profits.  It was the mother of all bubbles but this will bigger because fist money don't need cash-flows so its easy to sell as an investment snd they don't need a P/ae ratio so they can go infinitely higher and the government, banks and multinationals all want digital money because the synergies of digital money and the power it gives banks and especially the state unprecedented. 

It's coming.  It's as clear as day to me.  Wait and watch Bitcoin get the ETF license and watch the faces of the icy league MBA's on TV, they're gonna be shocked csuse thru won't know what's going on.  But they're know exactly what the game is in a few months after that and that the state is bankrolling this while thing.

Bitcoin cannot fail.  Alt coins as a group cannot fail. It's absolutely impossible. 

Why wouldn't a banker just spend $20 and 24 hours and launch a new coin.   I would add like you asininely tried to do. 
5577  Economy / Economics / Re: Lower Transaction Fees = Liquidity on: July 16, 2013, 03:24:02 AM
yeah but if all the exchanges and developers worked together on this then 0.00005 would BE a cent! Just because some people threw fiat cash into the system doesnt mean fiat cash should control it. If the 0.0001 dropped to 0.00001 and the exchanges whacked the price up x 10 you think anyone would notice? ;-)

Fiat cash doesn't control.  Value it in Gold, Steam Games, electricity it doesn't matter.  The fact is the min mandatory fee (which exists ONLY on low priority txs) is a denial of service prevention mechanism.  Dropping it to 5% of what it is now would allow one to attack the network with 20x as much tx bloat for the same cost.  The min mandatory tx fee strives to make those sorts of attacks uneconomical while not preventing real transactions with excessive fees.

If you want free transactions then ensure your transactions are high priority.  The fee likely will be reduced in the future eventually but likely not be before 1 BTC breaks $500 or so.
5578  Alternate cryptocurrencies / Altcoin Discussion / Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs) on: July 16, 2013, 03:20:29 AM
Wow, all this crazy stuff coming from the guy whose entire belief of cryptocurrency is basically going to this website and putting "Coin" at the end of the word.


The irony is when I clicked there I got "Argumentize".

ArgumentizeCoin.  Now if you got coins for arguing (like a bat shit crazy loon) then Vlad would be rolling in the AGC.
5579  Economy / Economics / Re: Lower Transaction Fees = Liquidity on: July 16, 2013, 02:15:44 AM
The min mandatory fee is only on low priority txs.  It exists as a DOS prevention mechanism.  The min mandatory fee on high priority txs is 0 BTC. 

The min has been reduced many times over the history of Bitcoin.  Currently it is ~$0.01.  Lowering the fee to 1/20th of a cent would do absolutely nothing to improve liquidity.  Nothing.  If there anything you were looking to buy or sell with Bitcoins and said "damn I can't because that fee worth about 1 US cent (only on some txs) would be prohibitive?"  I doubt it.
5580  Bitcoin / Bitcoin Discussion / Re: Dangers of securing bitcoin on windows? on: July 16, 2013, 01:19:55 AM
I've said too much.  Cool

If by "too much" you mean complete nonsense well your right.  All the editions of windows server come from the same codebase.
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