Bitcoin Forum
May 06, 2024, 12:50:47 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13] 14 15 16 17 18 19 20 21 22 »
241  Bitcoin / Meetups / Re: announcement: the international "when-bitcoin-reaches 1000,- $ party" on: November 18, 2013, 12:46:52 PM
Guys we are breaking $1000 this week... And after that it's going to be exponential... We didnt think about these billions of chinese pushing the price up... I suggest to change the goal to 10k (spring more or less?)... What do you think?

I'm serious... Undecided

Seriously I wait for the Indian community to join before the price is above 10000 $
242  Bitcoin / Development & Technical Discussion / Re: Bitcoin-QT database corrupted on: November 18, 2013, 12:36:26 PM
Maybe I got the root cause for the problem. Some time ago I started to use a RAM disc for all temporary files. This disc is limited in size (compared to the hard disc). I never really switch off the system. Probably the RAM disc was full. - I am not 100% sure but it seems to be the only possibility.

I do not know if this may be an issue for the Bitcoin-Qt behavior. But at least it should be considered in some kind of diagnosis information. Currently the only information available is the debug.log (this is not in a temporary location) is:
Quote
LevelDB read failure: Corruption: block checksum mismatch
243  Bitcoin / Development & Technical Discussion / Re: Bitcoin-QT database corrupted on: November 18, 2013, 12:06:09 PM
OK I made the hard step and deleted everything except the wallet.dat.

Now the Bitcoin-QT client works again but has to reload 252 weeks of transaction history.

Not a very big issue. But I am little concerned about the appearance of this bug in this version on my system.
That is because
1. the client version is the most resent one
2. hard disc is a SSD 830 which should not create any read/write errors
3. the system (Asus N56VZ, 8GB RAM, I7 2610QM) should have enough capacity in any manner to handle the Bitcoin wallet

One weak point may be the operating system - Windows7 Home Premium. I use this because it was delivered with the laptop and it worked so far with all drivers.

I have no explanation for this serious bug.

From this experience I will definitely switch to cold paper wallets.
244  Bitcoin / Development & Technical Discussion / Re: Bitcoin-QT database corrupted on: November 18, 2013, 11:37:23 AM
Hmm -

is there any faster solution ?

here is the error from the debug.log:
Quote
init message: Verifiziere BlÜcke...
Verifying last 288 blocks at level 3
No coin database inconsistencies in last 87 blocks (37317 transactions)
 block index           25330ms
init message: Lade Brieftasche...
nFileVersion = 80500
 wallet                   23ms
LevelDB read failure: Corruption: block checksum mismatch
*** Systemfehler: Database corrupted
init message: Lade Adressen...
Loaded 15462 addresses from peers.dat  99ms
Flush(false)
wallet.dat refcount=0
wallet.dat checkpoint
wallet.dat detach
wallet.dat closed
DBFlush(false) ended               7ms
StopNode()
Flushed 15462 addresses to peers.dat  54ms
Committing 40530 changed transactions to coin database...
Flush(true)
wallet.dat refcount=0
wallet.dat checkpoint
wallet.dat detach
wallet.dat closed
DBFlush(true) ended               7ms

the db.log file is empty.

The Bitcoin-QT version is v0.8.5-beta
245  Bitcoin / Development & Technical Discussion / Bitcoin-QT database corrupted on: November 18, 2013, 10:49:21 AM
Hello

today the Bitcoin-QT suddenly stopped with the error message 'Database corrupted". The wallet is encrypted and it does not help to restore a formerly working backup of the wallet.dat.

How do I have to handle this?
246  Economy / Economics / Re: When will Bitcoin take over the money transfer market on: November 18, 2013, 01:28:30 AM
I'll send them more resumes.  I want to think they'll get it soon.

lol - I was thinking same - but then not sure about to help them or not. No management can be so ridiculous simple minded not to see that.
247  Economy / Economics / When will Bitcoin take over the money transfer market on: November 18, 2013, 12:15:10 AM
If I look at this:
http://coinometrics.com/bitcoin/btix

I think WU (and all competitors) has a serious problem with their core business model. It is no more a question if but more when Bitcoin will take over the market.

My estimate is at the current growth rate (0.59 % per day - that was for the past but now the growth rate seems to escalate) it will take at most one year.

My suggestion to WU would be to turn into a company for Bitcoin ATMs very fast before other companies take over this business.
248  Bitcoin / Bitcoin Discussion / Re: Mike Hearn, Foundation's Law & Policy Chair, is pushing blacklists right now on: November 17, 2013, 03:42:05 AM
My recommendation: blacklabel all Bitcoins hold by the US goverment and forget about this nonsense. I propose a tool with WEB interface which replys a simple output for an input:
0 - the given address is clean
1 - the given address is holds US coins

Anyhow - the whole thing is completely ridiculous. After one transaction coins are clean. The idea behind this nonsense is to break up the blockchain . But it can only work if the majority of Bitcoin users cooperate. If nobody cares for then it will not work.
249  Bitcoin / Bitcoin Discussion / Re: Mike Hearn, Foundation's Law & Policy Chair, is pushing blacklists right now on: November 16, 2013, 11:33:52 PM
And for the last time I don't give a fuck about Bitcoin's legal status, and neither should anyone else. In fact, we should assume that's illegal and make sure our infrastructure is robust enough that it doesn't matter.

Engrave this in stone. Somewhere stony.

Being simply ignorant of all these changes will end you nowhere.
You can bury your head in the sand and pretend nothing happens, until your pretty ostrich ass is fucked hard.

I do not think we will have to care on anything. Look at this:
https://blockchain.info/de/nodes-globe?series=onlineNow

You will see the two biggest nodes in Russia and in China. Even they do not care about US blacklists.
250  Economy / Speculation / Re: 1 BTC = 1,000,000 usd on: November 15, 2013, 05:01:48 PM
at best do not sell at all. just keep the coins
251  Bitcoin / Bitcoin Discussion / Re: Mike Hearn, Foundation's Law & Policy Chair, is pushing blacklists right now on: November 15, 2013, 01:04:14 PM
Quote
1. the owner of blacklisted cowns can change them into not listed coins within minutes
You can declare all outputs illegal which had part of the coins origin from that address.

Quote
2. the blacklist must be accepted legally worldwide . otherwise the listed coins can be spend for services which do not care for the list
The us can impose FATCA onto the rest of the world, why should they not be able impose any other law to the rest of the world. If a major part of economics would happen in Bitcoin and they would enforce that their companies/citizens must only accept clean coins, then you would have two prices on MtGox (for clean and unclean coins).

Within the US they can do anything what they want - even make war against their own citizens. But in Asia their influence is very limited. Since Edward Snowden each and every country is aware of the danger going out from the US espionage. My opinion is that firstly the world with the US as a leading country may be stabil in some aspects. But on the other side they have no chance to continue in the future. For Bitcoin it means - forget US regulations and blacklists - they cannot make war against the whole world.
252  Economy / Speculation / Re: 1 BTC = 1,000,000 usd on: November 15, 2013, 12:47:43 PM
There will be 21 000 000 bitcoins.
If 1BTC would be 1 000 000 mln dollars then I ask

is there 21 000 000 * 1 000 000 == 21 000 000 000 000 dollars in the world? (21 trillion dollars)

That is the magnitude:
http://www.tradingeconomics.com/united-states/money-supply-m1
http://en.wikipedia.org/wiki/Money_supply
253  Bitcoin / Bitcoin Discussion / Re: Mike Hearn, Foundation's Law & Policy Chair, is pushing blacklists right now on: November 15, 2013, 11:24:28 AM
Blacklists are ridiculous because of two facts:
1. the owner of blacklisted cowns can change them into not listed coins within minutes
2. the blacklist must be accepted legally worldwide . otherwise the listed coins can be spend for services which do not care for the list

Finally it is what I wrote at a different point. If the US goverment decides to declare use of bitcoins illegal or blacklist a subset of the coins they just separate themself from the international market. And the latter one is growing faster in Asia than in the US.

The only feasible way to control the use of Bitcoin (that is core point) is to trace the Bitcoin addresses. And that is already part of the blockchain. The longer I think about Bitcoins (since one year now) the more respect I have to Satoshi Nakamoto who really created a genius system.
254  Economy / Speculation / Re: 1 BTC = 1,000,000 usd on: November 15, 2013, 11:12:17 AM
when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.

That is one important point. At most there is an upper limit by 1 BTC = 1 mio USD. This is because of the divisibility:

1 BTC = 10E-8 Satoshi   and   lowest USD unit is 1 Cent

This implies    1 USD > 100 Satoshi

And vice versa     1E6 USD > 1E6 * 100 Satoschi = 1 BTC


The open question is then if the market can pump up the Bitcoin from its current level to above 1E5 USD.
255  Alternate cryptocurrencies / Altcoin Discussion / Re: litecoin dead ? on: November 14, 2013, 09:27:34 PM
For what does Litecoin have to do with Bitcoin? 

NOTHING.

2 separate entities - totally unrelated. 

Not totally but nearly. Apart from technology (which is really nothing) the question is what will happend when the BTC value goes up in the saturation phase (BTC > 100.000,- USD). Then the second best branded cryptocurrency will start to rise. It could be LTC.
256  Bitcoin / Press / Re: 2013-11-13 Forbes: Sanitizing Bitcoin: Company Wants To Track 'Clean' Bitcoins on: November 14, 2013, 12:03:54 AM
Then, all businesses have to comply, ...

Big assault on Bitcoin, make no mistake.

yes for the US citizens. Then I would buy in China and forget about US products. Not because I want to buy illegal things but because I do not want to support a spying country with their 3-letter agencies. Apart from this most products come from China or Taiwan already now.
257  Bitcoin / Press / Re: 2013-11-13 Forbes: Sanitizing Bitcoin: Company Wants To Track 'Clean' Bitcoins on: November 13, 2013, 11:47:35 PM
Forget them. They will at most scam the US authorities or goverment. Reality is that Bitcoin will spread over the world and China is currently the most surging market. How will they force any Chinese individual to give them their ID ?? What they can achieve at most is advanced regulation for the US customers which cooperate - I am wondering sometimes how much US people let their goverment do to themselves. But even against US citizens who are not willed to cooperate these guys would not be able to do anything - that would be similar to Torrent.
258  Bitcoin / Bitcoin Discussion / Re: scenarios if US Govt tried to take down bitcoin? on: November 13, 2013, 01:52:49 PM
Shutdown of the Bitcoin network is not possible. Apart all the arguments brought here it has simply a geopolitical reason - read this:  http://tinyurl.com/oq8lhme  Point (1)
259  Other / Beginners & Help / Re: When Will Bitcoin Reach $1000?? on: November 13, 2013, 01:12:10 AM
Not idea when exactly the price will reach 1000$. But I tend to believe it will be 10000$ end of 2015.

The reasons:
(1) baidu.com accepts Bitcoin. China has 500 Mio internet users which is beyond the rest of the world together
(2) Bitcoin cannot be vanished from the cyberspace anymore - if so some would have done already
(3) Bitcoin is not far from mass adoption. The barrier is low and nearly no investments must be done
(4) When Bitcoin becomes massively adopted it will replace WU (6000 Mio $) PP (7000 Mio $) etc

That is > 12000 Mio USD just for two of many companies. Now they are around 12 Mio BTC which is 1000 USD/BTC.
WU has 17% market share. That means the market for Bitcoin may be ten times as big eq. 120000 Mio USD which means nothing else than 10000 USD/BTC.

Until end of 2015 we have around 750 days. Let's say now the price is 300 USD (it is higher already). So the price will surge for 9700 / 700 USD/day ~13.8 USD ---

I think just the rise of 14 USD per day is a big reason for any business owner or shop to accept Bitcoin.

Finally it will take something like (1000 - 300) / 14 ~ 50 days until BTC is at 1000 $. From that point my prediction would be end of January.
260  Other / Beginners & Help / Re: When Will Bitcoin Reach $1000?? on: November 11, 2013, 11:06:23 PM
the open question is how the price jumps from 300 EUR / BTC to 300000 EUR / BTC - how does the trading mechanic work ??

Trading in Satoshis would make sense.

sure - but how can the BTC value rise up to high values in a short time - what would be the mechanic behind it ?
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 [13] 14 15 16 17 18 19 20 21 22 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!