I like how they say "and but a ticket to the raffle"  |
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Are you still selling this domain for ~$2000? I see your blog is actually quite up-to-date. Maybe consider updating/closing/locking this thread  |
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Warning: Very old topic.juliagillardpm.comI bought this domain name on impulse and realised I have no use for it. I wouldn't be surprised if no one else wants it, but I figure this is worth a try. Auction ends at 24 December, 00:00 UTC. Whether I accept the highest bid, give the domain to someone else, or decide not to sell it is entirely at my discretion. I clicked that domain and was disappointed to see it didn't go to /b/ Did the deal ever go ahead? 30 BTC is worth around $600 now...
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I read the wiki page https://en.bitcoin.it/wiki/Transactions but it's still not quite clear to me on why there's a change address or value. Quoting the wiki: "If the input is worth 50 BTC but you only want to send 25 BTC, Bitcoin will create two outputs worth 25 BTC: one to the destination, and one back to you (known as "change", though you send it to yourself). Any input bitcoins not redeemed in an output is considered a transaction fee; whoever generates the block will get it." 0) Why does that happen (the change itself) if I'm sending the exact amount I want to send? 1) As I understand, the change address is created and saved in the wallet.dat file but doesn't show up in the User Interface (UI). So how do I claim my money? 0) because even if you want to send exactly 20 btc, your wallet may contain addresses which have the following balances: 10 btc 15 btc 19 btc 25 btc So what does it choose? It might choose something like the 10 and the 15, combine them together to send 25, sending 20 to your destination, and 5 back to a change address. Then you'd have the following in your wallet: 19 btc 25 btc 5 btc (residing in the new 'change' address) 1) it's automatically claimed and will show up in your balance. you're on the right track Alex, but the client will search for larger amt addresses than the tx itself, ie, it won't combine 2 addresses of lesser amts. Ah okay, so from my example, let's just say they didn't have a 25 btc address in their wallet, then it would have to combine two smaller ones. |
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I read the wiki page https://en.bitcoin.it/wiki/Transactions but it's still not quite clear to me on why there's a change address or value. Quoting the wiki: "If the input is worth 50 BTC but you only want to send 25 BTC, Bitcoin will create two outputs worth 25 BTC: one to the destination, and one back to you (known as "change", though you send it to yourself). Any input bitcoins not redeemed in an output is considered a transaction fee; whoever generates the block will get it." 0) Why does that happen (the change itself) if I'm sending the exact amount I want to send? 1) As I understand, the change address is created and saved in the wallet.dat file but doesn't show up in the User Interface (UI). So how do I claim my money? 0) because even if you want to send exactly 20 btc, your wallet may contain addresses which have the following balances: 10 btc 15 btc 19 btc 25 btc So what does it choose? It might choose something like the 10 and the 15, combine them together to send 25, sending 20 to your destination, and 5 back to a change address. Then you'd have the following in your wallet: 19 btc 25 btc 5 btc (residing in the new 'change' address) 1) it's automatically claimed and will show up in your balance. |
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Alex, I think you're wrong. You can send anything you want to a given bitcoin address
I don't think I ever said you couldn't. What I confirmed above is that for every 100 times you spend from your wallet, you should do another backup, as your old backup won't contain all the new 'change' keys. Edit: I've updated http://bitcoinsecurity.com with the link to block explorer. |
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You could find out by looking at your transaction in http://blockexplorer.comOr, you could not bother and just back up your wallet regularly. |
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So it sounds like receiving BitCoin does not require either usage or backup of your wallet (it can stay offline and hidden in a safe), but every so many times of sending BitCoin (~100?) will require replacing the backup due to new "change" keys.
I can confirm this as correct. Edit: I read your statement as sending FROM your savings wallet. Now I realise you may have meant sending 100 times TO your savings wallet, which doesn't require any further backup. |
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I don't know the specifics, but the 10 minute window was chosen to make it less likely that an attacker can take over the block chain (Because they'd need far more processing power to do so).
Someone else will surely be able to explain it better than me.
the probibility for this would stay the same because the chain would be smaller so therefore the damage done if it is taken over is smaller. So if 10 small chains were taken over it would equate to 1 large 50BTC chain  Now that you mention it, if we're talking about the file size of the block chain, it'd be much much bigger if we switched to a 1-minute window. well wouldn't it just be 10x the # of chains at /10 the size? Except they wouldn't be 1/10th the size.... Just look at the length of these strings as a somewhat silly example: "Congratulations you solved a block and have now been awarded 50 BTC!" "Congratulations you solved a block and have now been awarded 5 BTC!" Not exactly what's written to the block chain, but you can see what I mean that it won't make each block 1/10th of the size by dropping to 5btc. |
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I don't know the specifics, but the 10 minute window was chosen to make it less likely that an attacker can take over the block chain (Because they'd need far more processing power to do so).
Someone else will surely be able to explain it better than me.
the probibility for this would stay the same because the chain would be smaller so therefore the damage done if it is taken over is smaller. So if 10 small chains were taken over it would equate to 1 large 50BTC chain Now that you mention it, if we're talking about the file size of the block chain, it'd be much much bigger if we switched to a 1-minute window. |
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How do you guys feel about bitcoins?
We love them. It is unfortunate though that so many (especially new) people think of bitcoins as just about the mining. |
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I don't know the specifics, but the 10 minute window was chosen to make it less likely that an attacker can take over the block chain (Because they'd need far more processing power to do so).
Someone else will surely be able to explain it better than me.
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I get what bitcoins are, but could somebody explain namecoin to me as if I were a child..?? Please assume that I don't know anything technical, but that I understand things like what the internet is and what an URL is. I very much want to know what this is but apparently I'm much dumber than I thought.
You might think of it as 'bitcoin2', in that it's another, separate, p2p currency. This 'bitcoin2' that has been called Namecoin, has specific properties which allow you to use your balance to register a new type of domain name (.bit, plus more varieties to be added in future). I think it will be a bit easier to grasp once it has a good GUI, but as far as I know, people are still doing everything in Namecoin via command line. |
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I'm trying to sell some stuff for BTC but its higher priced stuff and im not having any luck here on the forums...is there somewhere else i can sell my stuff for btc?
Not that I've tried it yet, but there's an auction site: http://bitcoinhop.com |
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What about having services which allow people to access their wallets remotely? Someone already tougth of this entirely new concept and put it to work: you can find it on the net, it's called " bank" ;-) And over the last 12 hours we've just seen how much you can rely on a ' bank'. (Not much) |
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So Bitcoin can only keep 100 adresses at one time, right, so what if I do 100+ transactions and automatically get 100+ new adresses, will I ever lose the first one ?
Not true, you can have thousands... I don't even know if there is a limit. It'll just mean your wallet.dat is a huge file. You'll never lose any addresses out of your wallet, unless you use some very specific wallet editing tool for that purpose. |
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Same here from Australia.
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my address changed automatically (the one written in the address field), but the other one, the old one, is still open, right ? They're not single-use, otherwise how would people post links ? That's correct, you'll be able to continue receiving coins at that address (And you can look it up in your Address Book actually). It might be helpful to label that address as "bitcoinsafety donations" or something. And btw, why not put both posts on one site, they're kind of similar ? You trying to corner the bitcoin domain name market ? Or just get as much marketing space as possible to sell ads ? Shrewd operater, you are... Well, I already own both domains anyway so I might as well use them. Comments shouldn't be too difficult to set up. You have any experience in that kind of thing ?
I have plenty of experience doing that kind of thing from scratch (PHP/MySQL) but I have no experience whatsoever with modern plug-and-play blog software. |
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