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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RFC] æthereum: a turing-complete coin distributed as per bitcoin's blockchain
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on: April 10, 2014, 02:48:58 PM
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4. In what ways is æthereum different?
The initial distribution of coins in æthereum is different. If you are a bitcoin user, you can use your bitcoin private keys to claim a percentage of æther exactly equal to the percentage of the bitcoin market cap you controlled at the time of nucleus creation. This claiming process is trustless and decentralized and doesn't cost you anything.
Great, so exchanges will have a massive stake at no cost to them. Truly a great distribution mechanism.  I hope you plan on blacklisting addresses that hold over 10000 BTC. Per my earlier comment: Exchange owners could choose to either hold on to these new æthereum funds themselves or donate funds back to their users. Presumably, if this sort of thing becomes more common exchange owners will publish their stance on generated funds up front. Users could then choose the exchange with the friendlier policy. Of course, if you don't trust the exchange owners then you are strongly incentivized to keep funds under your own control. |
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4
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [RFC] æthereum: a turing-complete coin distributed as per bitcoin's blockchain
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on: April 10, 2014, 11:18:02 AM
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What about BTC I hold at an exchange? Would I need to move all my BTC to a personal BTC wallet before nucleus?
Yes, you would need to move all BTC to an address for which only you control the private key before the nucleus was initialized. In fact, any BTC you left on an exchange at that time would essentially be a donation of your share of æthereum to the exchange owners since they control the private keys for all exchange funds (cold storage and hot wallet). Exchange owners could choose to either hold on to these new æthereum funds themselves or donate funds back to their users. |
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5
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: April 09, 2014, 07:30:52 AM
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I believe my proposal works for any possible alt coin. My proposal is simply a way to create a distribution of wealth equal to that of bitcoin in any new alt coin.
I think this is a fantastic proposal and would even be willing to help with the development effort. I look forward to future threads on this topic and will jump in as time allows. |
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6
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Bitcoin / Electrum / Re: BTC stolen from electrum wallet
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on: April 02, 2014, 09:46:18 AM
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Well, here is the report. Malwarebytes Anti-Malware www.malwarebytes.orgScan Date: 01/04/2014 Scan Time: 9:17:54 PM Logfile: Administrator: Yes ... Processes: 1 Trojan.MSIL, C:\Users\Damien\AppData\Roaming\Adobe\AdobeUpdate.exe, 2644, , [ba7479ac88f3df57e729af99629fc040] It appears likely that you have a Trojan/Malware on your computer posing as AdobeUpdate. http://www.virusradar.com/en/MSIL_BattleBot.A/descriptionThis was very likely used by a remote intruder to take a copy of your wallet file(s) and to run a keylogger that captured your password. |
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11
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Economy / Speculation / Re: Official End of Mt Gox thread
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on: February 25, 2014, 04:31:44 AM
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Sad but true. MtGox support reps tweeted they got laid off. Thus ended the sordid affairs of MtGox.
Oh I'm sure the lawsuits will go on for years. MtGox: truly legendary. |
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13
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Economy / Speculation / Re: Mt.Gox Dumps coming! Under $250 Soon
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on: February 23, 2014, 08:23:42 PM
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It's still here: Looking to make 0.5 BTC bets: My take - Mt Gox will restore and withdrawls before Tuesday the 18th 12 PM Eastern.
Your take - Mt Gox does not restore withdrawals before Tuesday the 18th 12PM.
I have 3.5 BTC ready to go.
PM any questions
0.5 BTC bet accepted. Mt. Gox won't enable all withdrawals till feb 18 2014. Shake Accepted He has 3.5 BTC  You do know the process for reporting those who don't follow through on bets, don't you? Just post your evidence to: https://bitcointalk.org/index.php?board=83.0This will likely result in biafore's account being labelled as scammer. Bets are considered just as serious a transaction as any other market transaction here and this should be an open and shut case. |
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14
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Bitcoin / Electrum / Re: Electrum - Unverified Transaction
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on: February 21, 2014, 11:55:06 AM
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Issue still exists in 1.9.6, the opening of the default wallet fixed it.
Issue still exists in 1.9.7, the opening of the default wallet DID NOT fix it.
Any suggestions?
I'm having the same problem with 1.9.7. Yep still seeing this in 1.9.7. |
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15
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Bitcoin / Mycelium / Re: Mycelium Bitcoin Wallet
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on: February 12, 2014, 03:03:02 AM
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Here's a question. My Mycellium wallet received some of these Enjoy/Sochi spam/dust transactions for 1 satoshi each that have been going around. However, not enough fees were included in these transactions so they will likely never confirm. http://www.reddit.com/r/Bitcoin/comments/1xin5m/suspicious_lots_of_bitcoin_wallets_just_received/If I now send an outgoing transaction from my wallet, is Mycellium smart enough to not use inputs from these unconfirmed transactions? If not then we have a denial-of-service problem because I will have generated a transaction that will be stuck and also unconfirmed. This is exactly the behavior I saw happen in my Electrum wallet today as well (which did try to spend the input from these spam/unconfirmed transactions) and it sounds like their developers will be fixing it. |
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18
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Bitcoin / Pools / Re: [440 TH] BitMinter.com [1% PPLNS,Pays TxFees + MergedMining,Stratum,GBT,vardiff]
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on: December 30, 2013, 09:01:41 AM
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Mining server software was updated and appears to be running very well.  Not for me apparently... just started timing out on connection: root@OpenWrt:~# telnet mint.bitminter.com 3333
telnet: can't connect to remote host (192.31.187.114): Connection timed out
root@OpenWrt:~# telnet mint.bitminter.com 3333
telnet: can't connect to remote host (192.31.187.114): Network is unreachable
root@OpenWrt:~# telnet mint.bitminter.com 3333
telnet: can't connect to remote host (192.31.187.114): Connection timed out
root@OpenWrt:~# telnet mint.bitminter.com 3333
telnet: can't connect to remote host (192.31.187.114): Connection timed out
root@OpenWrt:~# |
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20
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Economy / Exchanges / Re: bitfinex
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on: December 28, 2013, 05:22:22 PM
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do any of you guys lend bitcoins out?
how is the return?
what can i expect if i lend out 10 bitcoins for 30days? it says .005% a day so that is 1.15% over 30days or
10btc --> 11.5 btc in 30 days at .005% per day correct?
Your math is off by an order of magnitude: 10 BTC @.005% per day is: 1% = .01 so 0.005% = .00005 10 * .00005 = 0.0005 BTC per day * 30 = 0.015 BTC per month But actually it will be slightly less due to fees 10% of interest (or 30% if you take the insurance option). |
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