Don't want to butt in here guys but how does this bit work? update share set score=ln(exp((max-score)*(p2/p1)))?
Isn't that like doing sin(asin(f(x))) or a cos(acos(X)) ... or is it to round the numerical approximation off or some such? |
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There is already at least one competing blockchain, namecoin.
Ostensibly, it is for providing a distributed database for DNS (domain name serving) name registration but as it a bitcoin clone (very little has been altered of the transaction behaviour of the code) then namecoins can be traded in much the same ways as bitcoins. The blockchain is 6690 odd blocks long and network difficulty is 1290. No gui client but namecoins can be traded using the CLI with namecoind.
Namecoin is to bitcoin somewhat as silver is to gold, since namecoin has more practical applications and uses (like silver) but can also be stored and traded like bitcoin, but is not purely for that purpose like bitcoin.
There may be other covert blockchains already in existence that will be revealed when the time is right ...
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The exchange fees can really be thought as as a "Buy-In" fee.
There are no obligations to pay any fees once you have actually obtained your BTC.
It's the same with all currency mind-you, just go on holiday and suffer the great FX fees!
Actually, the exchange fess are mostly generated by electronically "cashing out" of the fiat casino system. They don't like people leaving and throw up all kinds of road blocks (as does any other monopoly), that is what creates the fees mostly, as overheads due to cashing out costs incurred by the exchanges is passed on. For example, if you find a trustworthy local person to trade cash for bitcoins the overheads and thus costs incurred by the transfer can be minimal. |
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ArtForz is to mining as Satoshi Nakamoto is to software. The guy is a legend, does he really exist?  Next thing you know there'll be a rumour that he whipped a fab. room in his backyard from old tractor parts and TV sets to pump out ASICs! |
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The funny thing is that FLOPS means floating point operations (per second) and SHA256 computations (the core Bitcoin hashing algorithm) take exactly 0 (zero) floating point ops as they consist of integer and bitwise ops only. Besides floating point operations are usually slower than integer and logical ones. Bottom line is - measuring Bitcoin performance in FLOPS is wrong!  Sure, measuring bitcoin performance hashing performance in flops is wrong, but what we want to know is what the flops of the computers in the bitcoin network would be if they were doing something that required floating point operations? Maybe there's just no way to know, but that's the question, I think. Well, I think you've got that backwards. The question is, in terms of "strength" of the network it is more important to know what the hash power of the competition could likely be, rather knowing the flop power of our network .... i.e. they are not going to attack us with flops but hashes. So the flops-equivalent of BTC network number should properly be converted into a hash-equivalent of a possible attacker ... but I think people are mostly too lazy to bother doing that so just do it backwards and think forwards, if you know what I mean. |
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Yes, the centralised control and surveillance of your wallet, account, money is the archilles heel of all these systems ... no matter how "convenient" they appear. Bitcoin does most of this already as beta AND it is largely under your control. |
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I wonder what the sys admin. think about opening up 8333 for Gavin's live demo of bitcoin software?
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I want to confess my own little "pizza for a million" moment. Back in late march 2010, I traded well over a thousand bitcoins through New Liberty Standard for about six dollars in my PayPal account. Five of which I then used to purchase Second Life money.
I donated 8000 coins to the weusecoins movie bounty when they were worth .06 .... that was one a helluva movie ..... |
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Choose your friends wisely?
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Bitcoin does not need the US banking market ... in fact it needs to engage with US banking like it needs a hole in the head .... the US system is a dinosaur kludge built on top of a paper currency that was once backed by gold. It's dying, get out while you still can before its grasping hands drag you down with it.
Edit:Immune Bitcoin is currency that is growing in value ... is clearXchanged the same thing as that .... explain that to anyone old, young or otherwise ... it is a new money and they'll "get it".
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kjj, shackra, minute_of_angle, amincd, Shortline, allinvain, Quantumplation,
I don't feel the need to show each of you the risk that mcdett, syn, and I seem to agree about. I accept that people have different world views, and diversity is great. Of course, I do enjoy meeting someone who thinks like me. If that's not you, no problem! Maybe we have something else in common, like biking or chocolate! Maybe not!
In brief: BTC has value, as judged by the market. Some of its value derives from some people's belief that BTC may one day dominate world trade, largely replacing USD and the rest. Some of us (apparently a minority--but that's okay!) value BTC less than if those early blocks had been generated at higher difficulty and/or appeared to be in circulation. In our global, industrial culture, money can be leveraged into power (and often back into more money). Some of us might want to implement the bitcoin concept with a chain other than BTC and see that chain compete with BTC. I see no principled objection to this. You are all free to ignore us if we actually do it.
Or if you alternate BTC is gonna be really great I'll be buying with both fists .... I don't see what this big objection to the "early adopters" is all about. The forum archives are full of all the evidence you need that this wasn't some masterful conspiracy to accumulate great wealth and power .... basically nobody wanted the stuff 18 months ago and before that hardly anybody had heard about it, let alone assumed it was a road to riches ... go read the posts for yourself ... begin with the 10,000 BTC for 2 pizzas. How's that for a conspiratorial early adopter? |
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How are they going to get around all the KYC BS they have set-up to stop competition? Talk about transparent, this technology has been available for 15 years and they just decide to do it now? I suppose it just funny money they are playing with so who cares what they do with it?  Edit: on the plus side it should make it easier for people to escape the other system into bitcoin ... just a click away. |
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The corruption is so thick you can cut it with a knife ... and you'd be blind not to see it.
USA has become a cesspit for the thieves in Washington and their paymasters.
Bitcoin begone ... ban hammering themselves into oblivion with prudish corruption.
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It never did start. I edited the xorg.conf to remove the last buid statement, and the xserver came up at once.
But, like before only a single Cayman device is seen by poclbm.
From what you are saying you are removing only the BusID line ... remove the whole sections ... "Monitor" "Device" "Screen" ... that do not belong to getting the default display up. After you get that up and stable you can build on it ... the other crap is just confusing it since you have heaps of graphic adapters and no monitors .... just get ONE screen working. |
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The slower miners will get their shares in the next round. "Sweet spot" is a myth.
Amen. As long as that "next round" comes along before the next difficulty increase ... get over it ... fast rounds introduce new variance for small miners in huge pools. |
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Correction, all Busid removed except the 1st, device "PCI:19:0:0"
Okay make exactly this (nothing else) this your new /etc/X11/xorg.conf Section "ServerLayout"
Identifier "aticonfig Layout"
Screen 0 "aticonfig-Screen[0]-0" 0 0
EndSection
Section "Module"
EndSection
Section "Monitor"
Identifier "aticonfig-Monitor[0]-0"
Option "VendorName" "ATI Proprietary Driver"
Option "ModelName" "Generic Autodetecting Monitor"
Option "DPMS" "true"
EndSection
Section "Device"
Identifier "aticonfig-Device[0]-0"
Driver "fglrx"
BusID "PCI:19:0:0"
EndSection
Section "Screen"
Identifier "aticonfig-Screen[0]-0"
Device "aticonfig-Device[0]-0"
Monitor "aticonfig-Monitor[0]-0"
DefaultDepth 24
SubSection "Display"
Viewport 0 0
Depth 24
EndSubSection
EndSection and then run $aticonfig --initial -adapter=all -f and then print out what your new /etc/X11/xorg.conf looks like ... or just reboot and it should work. |
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If you have any loved ones (or charities) whom you want to have your bitwealth after you die or become incapacitated, you may want some way for them to get your private keys eventually. If the knowledge of how to get to your coins is only in your head, it's likely that a bunch of bitcoins will leave circulation.
tattoo it in chiral-symmetric spiral patterns on the left and right buttocks ... if your corpse gets unrecognisably, disintegrated in some unholy manner, well that's just fate. NB: the information about reading codes off your frozen butt will have to be left in a safe, retrievable location, like a will or some such. |
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what happens if I reserve without the d/ in front of the name? it seems to work fine.
what does it mean that I reserved a name? for how long will it stay reserved? could I reserve a hundred names and lock them for everyone else? I hope not. >=]
After the ./namecoind name_firstupdate the name stays reserved for 12,000 blocks (i think) at which point you can do a to keep it current ... cost (0.01NC) We need to get the exact details extracted out of the forums, made explicit, and put up on the wiki ... bear with us. http://dot-bit.org/HowToRegisterAndConfigureBitDomains#4._Other_updatesEdit: it is in the OP ... start there at least. "Names expire after 12000 blocks unless renewed with an update" |
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