|
Patch updated to latest git. See URL at top of thread.
|
|
|
|
While I am sure I have imposed enough suffering on Luke and his tonal bitcoin idea, Luke's focus on the number precision is something worth ironing out. One thing that might be worth thinking about would be a long term solution that formally overcame the hardcoded "nanocoin" now and forever, in favor of something with a decimal mantissa and exponent.
Yuck. Exponents and money do not mix in a user friendly manner. Nanocoins[1] are stored as 64bit integers. That is the native representation. Any change should move towards alignment with that representation, not away from it. |
|
|
|
|
This is not a new idea.
One could put a bitcoin address inside a TXT record, for example.
|
|
|
|
|
50 BTC sent, txid fa29552286adfa2a4456bc08557110caaef7261caa041a694137bc2f5ec353d9
|
|
|
|
+1 tcatm, who completed the programming and design for a python/django website He also gets the credit for improving bitcoinwatch.com look and feel a few months ago, which used to look like HTML 1.0 circa 1995 (hey, I'm a programmer not a web designer). |
|
|
|
|
It is naive to simply think "64 bits is better."
64-bit code uses more memory for data -- pointers and long integers are twice the size of 32-bit code. 64-bit code instructions tend to be larger as well (though this is mitigated on x86-64, as x86/CISC is essentially a compressed instruction set and x86-64 adds many more general purpose registers).
This is why many non-x86 platforms ship 32-bit userland with 64-bit kernel. Code and data are more compact on 32-bit, which is far more cache-efficient.
Thus, on the same machine, 32-bit code might actually use fewer CPU cycles than 64-bit code.
|
|
|
|
I wonder how many bitcoins are just being shuffled back and forth.
Note that ~500,000 BTC number includes change transactions. Ultimately, isn't all currency just shuffled back and forth?
But it is telling that $4xx,xxx in BTC only amounted to 12k in volume on mt gox.
Why is that telling? The amount of USD exchanged on various Forex sites is only tangentially related to the amount of USD used worldwide in everyday commerce. |
|
|
|
Now look at bitcoinwatch.com:
Bitcoin economy total: 5.49 million BTC or 4802668 USD
5 million USD is small market for you?
That is the total number of bitcoins in circulation. The more relevant statistic is the amount of bitcoins and USD on deposit at each exchange, which is a substantially smaller number than 5.49M BTC. |
|
|
|
Yep, half a million BTC transactions per day is pretty damn impressive. This also shows decent "money velocity" of almost 10% day. In other words we turn over entire money supply every 10 days.
Just to clarify, that was 2,211 transactions, whose values totals ~500,000 BTC... Not ~500,000 transactions... |
|
|
|
See this thread for more information. The mining pool was a test, and it was shut down after that test. A new, commercial mining pool should appear in a week, though. |
|
|
|
Any idea when a release version of
Bitcoin will come out in a 64-bit version?
There is no reason why Windows users need a 64-bit version, really. Bitcoin does not need the address space, nor does it need to be uber-optimized. The 64-bit version would benefit you for CPU mining... but if you are CPU mining, you will get better performance from ufasoft's CPU miner or my cpuminer. |
|
|
|
I'm sorry but bitcoin has zero intrinsic value. Just like fiat. The only thing that makes it valuable is the supporting economy of goods and services that can be traded for bitcoin. Growing a bubble is not going to strengthen it. And there is a lot of bubble mentality on this forum. Like this post: http://bitcointalk.org/index.php?topic=3713.msg52668#msg52668If bitcoin continues to go up in value without the bitcoin economy following, it will finally crash. And if the mass market learns that bitcoin is another "beanie babies", it will never become a global medium of exchange. It will remain a toy for geeks. Agreed. And that's almost become one of my mantras: it's not about mining. This most recent wave of slashdotting (and Security Now'ing) has brought a lot of mining activity and interest in mining, but I've been disappointed that forum posts about interesting new bitcoin businesses were notably absent. In the past, we would see a flurry of new posts to the We Accept Bitcoins thread (now en.bitcoin.it/wiki/Trade) and the Marketplace forum. Not as much activity. If bitcoin is to survive, it needs a wealth of goods and services available, in multiple countries. Bitcoin cannot exist without the bitcoin economy. |
|
|
|
WOW! Someone sold a shitload of btc on BC! LRUSD and LREUR are down to 0.1 and 0.02.
Gotta wonder why they were willing to dump BTC, no matter what the price, huh? |
|
|
|
|
The value of BTC has gone up quite a bit since this was opened :/ I cannot afford a 100 BTC pledge anymore, so I must unfortunately reduce my pledge to 50 BTC.
If the 15 most popular wiki pages are translated, I'd say that qualifies for the bounty in my opinion.
|
|
|
|
having seen so many smaller tech, resource companies that had been naked-shorted to death by those f*king banksters, not giving them those option shorting bitcoin is definitely a good thing.
There is a big difference between shorting and naked shorting. Normal shorting adds information to the market. And I doubt the bitcoin community would be willing to create a vehicle for naked shorting. |
|
|
|
It may be possible if they can mix their brand in there. In fact right this moment they could be running their variation of Bitcoin on a private server generating "g-coins" and then when they have a big enough pool of g-coins they could open it up and say here's our new decentralized g-coin service. You can buy g-coins from us and spend them on g-coin services. I don't know if something like that would happen but then again you never know with big corporations. But I will know one thing if that happens and that is Bitcoin is a really good idea and just like Linux, free and open will always prevail.
Anyone creating g-coins could simply allocate all 21M (or whatever) to themselves in the first block... why generate if you control the network anyway? |
|
|
|
Aside from selling one's bitcoins and buying them back later, is there a way to profit from a dropping value of Bitcoin?
Sure, do a manual short: borrow BTC from someone, sell the BTC, and buy back the BTC later on. |
|
|
|
For anyone who gets excited and clicks the "generate coins" button, they will immediately see "1700 khash/sec, average time to generate 50 bc: 2 years 30 days."
Agreed. Instantly explaining to them why this isn't necessarily going to make them rich. Alternatively, "1700 khash/sec, average income per day: 0.06 bc." (at which point you could make the same amount of money by simply using the faucet every day).
The bitcoin client does not support mining pools, so it's either winning a block (50 BTC) or nothing. |
|
|
|
|
Show Posts
