4. You will keep making bigger and bigger blocks, then what?
Profit! As long as computing resources keep growing then bigger blocks do not pose a problem. If we ever reach a point where computing resources, including bandwidth, stop increasing, then it's a good time to stop increasing block sizes. |
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I have a "feeling" that we are going to move towards the $1,034 sell wall.. and who knows what is going to happen? Anyone?
Typically walls get pulled rather than eaten. |
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How much BTC would one have to send to stamp in order to margin buy out that 280 BTC wall?
It's in flux. About $350k gets you through that wall. |
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I find this American Dollar fetishism a bit curious.
Like it or not, most international trade is done in USD. The US is by far the world's largest economy. |
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I find it funny there's no wall around 1163 @ Bitstamp. This could go way up.
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Always it breaks my heart when people end up in separation.
Why "always"? In many cases, divorce is a positive experience for both parties. Human beings are extremely complex creatures and constantly changing. Sometimes it's best for the marriage to end and both people to move on with their lives. |
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2013 was Willybot. No Willybot this time. This is quite different.
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If btc can stay over $1,000 for six months into 2017 I think it is.
From the OP: timing/trigger
our current plan is to play it this way: everything should get armed and ready to rumble within the next coming weeks and months. as soon bitcoin reaches 1000 $ and stays there for 30 days in a row (bitstamp $ 24 h average) this will be our trigger. since everything has been set up during the waiting period, after ignition triggers we will only need 6 -8 additonal weeks to actually unleash this monster.
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I think there is no offline wallet because every transaction is need a confirmation it means that all of the wallet are online if there are offline wallet how it will transact with another one or how it will send money or funds if it is offline?
It won't. That's the point! An offline wallet is safest because it can only receive bitcoins. Eventually, it will be taken online, but until then, it is an offline wallet. |
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Bitcoin 1K party on the horizon  Party like it's 2013. |
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I have checked the last digit distribution of every block hash (16 possible values and 442034 blocks): BLOCKS : from 0 to 442033 (TOT = 442034)
last
digit fr. prob. unif. --> 1/16=0.0625
0 27520 0.0622576543886
1 27881 0.0630743336485
2 27952 0.0632349547772 MAX --> =+0.00073495777 = +1,16%
3 27892 0.0630992186121
4 27543 0.0623096865852
5 27339 0.0618481836239
6 27674 0.062606043879
7 27691 0.0626445024591
8 27428 0.0620495256021
9 27203 0.061540514983 MIN --> -0.000959485 = -1.54%
10 (a) 27594 0.0624250623255
11 (b) 27554 0.0623345715488
12 (c) 27863 0.063033612799
13 (d) 27616 0.0624748322527
14 (e) 27619 0.062481619061
15 (f) 27665 0.0625856834542
I think it's ok. It's not enough to check the frequency. For instance, the sequence "1 2 3 1 2 3 1 2 3" has equal frequencies, but is unlikely to be random. |
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And while in the subject...
Although extremely unlikely, what happens if a new block has the same hash as a previous block?
Bitcoin continues normally. It's a perfectly valid occurrence. |
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Perhaps "Epic" for 1500+ and "OneOfTheAges" for 2000+.
Is there a way to search by Activity? I'm guessing there's not very many of us with 2000+ activity. |
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There will never be a collision.
How about a bet? In case it wasn't clear, I mean a collision of randomly-generated keys. Poorly generated keys like brain wallets are prone to collision. |
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The thing is that anything can happen. I can call a coin in the air a million times in a row if i'm lucky.
It's not about the chance. If there is a possibility, and if we continue at our current rate, there will be a collision. It's just about when.
That "when" is after the sun swallows the earth, at which point no one will be alive to see the collision. There will never be a collision. |
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Wrong. There is a chance that a 2 block chain will be orphaned. Maybe a miner found 2 blocks a little bit late, and managed to find the third one quickest, orphaning the 2 blocks before. The chance is extremely low, but is a risk to some. There also is the chance that a pool owner might discuss with an attacker, and only confirm blocks without their transactions inside for BTC. I'm not sure what the longest chain that has been orphaned is, but I'm guessing a 2 block orphan has happened before.
There were 2 significant events that caused large forks. Other than those, I have seen a 2-block orphan happen 8 times since 2012. I have seen a 3-block orphan only 2 times. No 4 or 5-block orphans, but we did have a 6-block orphan happen once. |
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Care to explain why paper wallet is safer than hardware wallet ?
You have no guarantee that in 1, or 10, or 100+ years, that hardware wallet will still be functional. On the other hand, paper has shown it can survive thousands of years. |
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Bitcoin network recalculates difficulty every two weeks
No, difficulty adjusts after 2016 blocks. |
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Will it ever be possible to enable pruning mode without having to download the entire chain the first time?
That depends on what you want to do. If you just want to verify a specific transaction, like when you receive a payment, you really only need to download all blocks that include all previous inputs. Then, any inputs that have been spent can be safely pruned. |
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