|
I was disappointed that the bit-pay receipt did not include a line-item listing of what was purchased.
|
|
|
|
Sounds like fun  |
|
|
|
What is malicious about a BTC botnet ?
Stealing someone's computer resources is malicious. |
|
|
|
Post is over a year old... |
|
|
|
2) The ASIC market is a high barrier entry especially if you consider the Bitcoin economy size. BFL entry was premature and it was done on purpose to remove the incentive from potential competitors.
No. BFL has not yet entered the ASIC market; they have issued a press release. Others have spewed hot air about doing an ASIC as well, and no doubt a few others are working silently on one. 1) BFL plays their cards right and serves the community just good enough to guarantee there will be no competitors (remember silicon technology is high barrier).
They will make bitcoins cheaper for themselves compared to everyone else. They will always have the first chunk of the pie with each advancement.
Another erroneous assumption. There is only a single hurdle to leap -- money -- in building an ASIC. Once you've handled that problem, the rest -- using the latest industry process and die size, etc. -- will come naturally to any new ASIC competitor. |
|
|
|
1200 Unconfirmed transactions as I post this.  That low? It was over 9,000 unconfirmed just a few days ago... |
|
|
|
|
tl;dr... (IMO) producing a virtual currency is hard, and the governments would prefer that we use fiat
|
|
|
|
|
People can and will compete with BFL, producing ASICs of their own. The world will move on.
|
|
|
|
^ This +1. Any smart pool should be blasting its blocks out across as many nodes as it is able to as quickly as possible. One way to do this is to manually connect to several reliable super nodes.
An effort to create a bitcoin backbone is now underway... |
|
|
|
I haven't really analyzed it yet (feel free to help if you're a data geek); I plan on testing some algorithms for suggesting a reasonable fee if you want your transaction to get confirmed quickly, and suggesting an estimate of how long you'll have to wait if you don't attach any fee at all.
But it look like 35% of transactions this past weekend got into a block within 10 minutes, and 87% got into a block within one hour.
The most interesting analysis will be on what types of transactions (big, small, SD, non-SD, fee, no fee, priority) got into a block within 10 minutes or so. If that 65% [who didn't make it in one block] is spammy, that might be normal. |
|
|
|
|
The most recent bitcoin/bitcoin.git has "signature verification cache" which should speed up block validation quite a bit.
|
|
|
|
- Lack of a solid Kickstarter style system. Of course, somebody could throw up a website and make one very easy, but then we're back to having a centralized service that would charge fees
 A decentralized assurance contract protocol is possible (see the wiki), but hasn't been built yet.
Agreed... a bitcoin-denominated kickstarter seemed like a natural early-stage service. Surprised it has not appeared. |
|
|
|
|
I think the responses from a few thread participants have been a bit more... strident and heated than is productive.
The main apparent fact is that SatoshiDice transactions are crowding out and slowing other bitcoin transactions.
Thus, ignoring all other technical arguments, we can show that SatoshiDice is hurting other bitcoin users' confirmation times.
|
|
|
|
It might be worth considering transactions that self-identify into certain traffic classes, similar to the hints provided by IP ToS / DSCP. |
|
|
|
|
Agreed -- thanks for being open, and explaining these rules in a public forum.
Just imagine HSBC or Bank of America being willing to do the same, and you'll see how different the bitcoin community really is.
|
|
|
|
|
IIUC, the very basics of contract law require only agreement between legally recognized entities: a natural person, or an incorporated entity (corp, partnership, etc.)
It is doubtful that an anonymous, undefined entity ("internet nickname 'foo'" or "IP address 10.20.30.40") would be found to be a valid entity under contract law, but I would love to hear the opinion of an attorney.
|
|
|
|
Updated! Looks like SD finally went on a lucky streak and are in the black for once! +1100 BTC is not too shabby!
Also, they are now responsible for 122 MB of blockchain and more than 50% of transactions since Apr 18, 2012.
bleh -- we need to look into transaction pruning... |
|
|
|
Well when I have done loans on the forum. The only 'collateral' I used was 'Trust' specifically using the WoT. I offered a rate on the forum far below what others charge. 1-3%/mo.
If you don't pay back the loan, nothing happens to you from my stand point. But this is what happens because you didn't, you will have trouble getting other loans and other people borrowing rates will increase to counteract your bad debt.
ObPlug: http://bitcoin-otc.com/ |
|
|
|
|
Show Posts
