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1321  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitparking Terracoin Exchange on: February 04, 2013, 09:47:07 PM
I signed up for an account on this exchange Friday and made no deposits.  Today trying to log in with the same Google ID, it doesn't seem to recognize me and wants me to sign up all over again (with emergency withdrawal addresses, etc).  Do the accounts get pruned if they are not used within a certain period?
It won't ask you to go through the sign in process unless you are clicking "Sign Up" again. Make sure you put in your user id in the box next to the "Log In" button and click that. Your user id is the one you selected when signing up initially.

Thanks; that clears that up.  (I'm an idiot. Smiley )
1322  Bitcoin / Bitcoin Discussion / Re: Is competition healthy for Bitcoin? on: February 04, 2013, 08:07:22 PM
Just stop, ok?

I'll stop if you pay me to stop, in BTC. Smiley
1323  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitparking Terracoin Exchange on: February 04, 2013, 07:42:29 PM
I signed up for an account on this exchange Friday and made no deposits.  Today trying to log in with the same Google ID, it doesn't seem to recognize me and wants me to sign up all over again (with emergency withdrawal addresses, etc).  Do the accounts get pruned if they are not used within a certain period?
1324  Other / Beginners & Help / Re: Which crypto-currency grows the most in future?Besides BTC of course! on: February 04, 2013, 07:33:08 PM
Not Merge minable
TRC - What made this special again

It's special because it's the most like bitcoin and didn't make the changes the other altcoins made. Smiley
1325  Bitcoin / Bitcoin Discussion / Re: Is competition healthy for Bitcoin? on: February 04, 2013, 07:04:35 PM
Competition is ALWAYS healthy

That is a very simplistic statement. The real world doesn't always function like a capitalist cartoon.

I don't actually think that competition (from other cryptocurrencies) is healthy for bitcoin during the embryonic stage of the project. 

Here is why: There is a limited number of people in the world who are able to donate their time and energy to grow the bitcoin project, AND who are believers in cryptocurrencies.   If we have several competing cryptocurrencies, some of the talented people working on bitcoin right now will be diverted to alt-currencies.  This will increase the risk of ALL cryptocurrencies failing, for example through an attack by a bitcoin enemy.

You are exactly right.  We should shut down testnet.
1326  Bitcoin / Bitcoin Discussion / Re: Is competition healthy for Bitcoin? on: February 04, 2013, 07:03:08 PM
I think my reasoning why this would not be a good thing is probably not very original.  If 2 more or less identical currencies are being used, what is to stop people from using hundreds or thousands of coins.  Since this would only dilute the wealth, in effect the currencies themselves become worthless.

If I recompile bitcoin right now to start a new block chain with a new genesis block, using all the same rules as bitcoin, the worth of my new "Walter coins" will still not be equal to the worth of bitcoins, even though they are "identical" in the sense of using the same rules.  In fact, I'll bet a "Walter coin" wouldn't even be worth a Satoshi.

So yes, we could in effect have infinite coins, but they would not all have the worth of bitcoin.  Over time, some might become more valuable, and some coin might even take the crown from bitcoin.  But they will not dilute bitcoin (or it successor/s) down to being valueless.
1327  Bitcoin / Development & Technical Discussion / Re: Testnet bitcoins on: February 04, 2013, 03:11:20 PM
There's also a useful testnet faucet and web wallet service at https://tpfaucet.appspot.com/

Is this currently working?  I tried to do a transfer, and it said it sent one testnet BTC, but the total amount it says it has didn't go down.

If somebody could send a testnet coin or two to muc6ULwWdAPAHtETQGLFbXJM9xp4xJEqhi, I'd be grateful and would return back to the sending address or wherever you specify.

2.5 sent. please return to the sending address later

Returned 50.  Turns out it's really easy to mine testnet bitcoins. Smiley
1328  Bitcoin / Bitcoin Discussion / Re: Bitcoin cons on: February 04, 2013, 04:34:59 AM
1. Bitcoins slowly disappear. People lose them. A hard limit of 21 million will never be reached because over time people will lose private keys and there is no way to salvage them.  (Slightly off topic... but would it be possible to program a currency that every coin very slowly diminished in value and the amount it diminished would be equal to a new amount that could be created? You could prevent this problem this way but i'm not sure it's possible or wanted. It would discourage hoarding.

It would be fairly trivial to start a new blockchain where the reward for mining does not drop off over time.  That would accomplish what you are talking about.  However, I would bet that bitcoin would outcompete it.
1329  Bitcoin / Hardware / Re: why sell avalon box when they could mine themselves...? on: February 03, 2013, 10:57:14 PM
Hi,

60gh per box @ 300 boxes = way more money via bitcoins then selling them at $1299......

just a little common sense says something is not right here...why sell when you could make WAY more by mining them yourself.

60ghashes per box @ $1299 cost = 60000 million hashes = $6100 per month at current bitcoin exchange rate. $6100 per month per box * 300 boxes = $1.8 million.

LOL.

You're right!  You should go into business making ASICs and keeping them instead of selling them.
1330  Bitcoin / Development & Technical Discussion / Odd testnet block on: February 02, 2013, 07:38:50 PM
How can sources and destinations of a transaction be unknown?

http://blockexplorer.com/testnet/block/0000000018b07dca1b28b4b5a119f6d6e71698ce1ed96f143f54179ce177a19c
http://blockexplorer.com/testnet/tx/4852fe372ff7534c16713b3146bbc1e86379c70bea4d5c02fb1fa0112980a081
1331  Bitcoin / Bitcoin Technical Support / Re: *......Please Help want to start own mining pool.....** on: February 02, 2013, 12:49:14 AM
2.I got money that's not the problem (just little knowledge)

I would love to have you finance me while I acquire this knowledge and build this product for me.  If you'll start with a deposit of 50 BTC to my address, I'll start discussing rates with you.  If you don't like the proposed deal after that, I'll refund the 50.
1332  Economy / Economics / Re: What is bitcoin backed by? My favorite answers on: February 01, 2013, 11:31:58 PM
It's not what Bitcoin IS backed by that makes it great, but rather what it ISN'T backed by  Wink

Don't ask what Bitcoin can back for you. Ask how you can back Bitcoin.  Grin

Don't ask what Bitcoin can do for you.  Ask what you can do to make my Bitcoins more valuable. Cheesy
1333  Economy / Services / Re: Proxy to order Dominos Pizza with BTC on: February 01, 2013, 11:25:13 PM
Fantastic!  Can you handle carryout orders as well?

I'll post here as well I didn't realize you had posted on both threads.

Yes, I got all confused last night and thought my first post was deleted.  Only after making two posts did I realize that you had two threads. Smiley
1334  Economy / Goods / Re: Proxy to order Dominos Pizza with BTC on: February 01, 2013, 11:23:39 PM
Fantastic!  Will you be able to handle carry out orders at some point?

That's just a simple radio button I could add. It would just remove the delivery charge Smiley. Is that something you'd like to do?

Yes!  I do frequent Dominos carryout.
1335  Bitcoin / Bitcoin Technical Support / Re: *......Please Help want to start own mining pool.....** on: February 01, 2013, 11:04:44 PM
That's pretty clear info you have gave me

You didn't answer my questions.

Quote
Will contact a coder to see what possible and what the cost is gonna be

Anything's possible with enough cost.  But I don't think you're going to be able to hire a coder to do this without a pretty hefty bankroll.
1336  Bitcoin / Development & Technical Discussion / Re: How do you make decisions for a change in BTC protocal on: February 01, 2013, 10:28:21 PM
what miner is going to miner a new fork's blocks knowing there is a high probability that will result in an orphan when he/she can just mine the old fork's blocks without risk.

One that thinks there is more long-term benefit for himself in the new chain and hopes that it gets off the ground.  There are people now mining simply to support bitcoin and not making a profit.  I assume there would be for such new proposals.  They would certainly have a tough obstacle to climb to succeed, which is why I think this would only work for something that turns out to be needed, e.g., subdividing satoshis in a hypothetical future where bitcoin loss is extreme.
1337  Bitcoin / Bitcoin Technical Support / Re: *......Please Help want to start own mining pool.....** on: February 01, 2013, 10:00:34 PM
What mining have you done so far?  What mining software packages have you tried?

Do you know what a share is, yet?

Have you built any bitcoin code from source?

I would want to have all of the above experience (and more) under my belt before trying to create a new mining pool.
1338  Economy / Economics / Re: Losing coins forever on: February 01, 2013, 09:05:58 PM
https://en.bitcoin.it/wiki/Myths#21_million_coins_isn.27t_enough.3B_doesn.27t_scale

https://en.bitcoin.it/wiki/FAQ#But_if_no_more_coins_are_generated.2C_what_happens_when_Bitcoins_are_lost.3F_Won.27t_that_be_a_problem.3F

https://en.bitcoin.it/wiki/Myths#Lost_coins_can.27t_be_replaced_and_this_is_bad

https://en.bitcoin.it/wiki/Myths#Finite_coins_plus_lost_coins_means_deflationary_spiral
1339  Economy / Economics / Re: Losing coins forever on: February 01, 2013, 09:04:03 PM
In the far future, lost coins may add up to a very big problem.

You might like to read the following and then reconsider this idea:

http://mises.org/money.asp
1340  Economy / Scam Accusations / Re: MPOE-PR's list of things you always suspected were scams but never dared say so. on: February 01, 2013, 09:02:44 PM
Does BTC Jam really enable scams (...) ?
I think so. (...)

How would you describe the ideal crowd-sourced p2p-lending BTC-based operation?



It might be worth asking if "crowd-sourced," "p2p," and "lending" all belong in the same sentence with "ideal."
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