why is more effort not being put into p2pool? or has it been decided its not an effective solution?
p2pool simply needs more funding of software development to improve it. It is a solution to the problem of variance which drives people to use mining pools. It can be even more of an effective solution. |
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It's going to be very interesting seeing the price action in 8 years time when only 2 million coins remain to be mined...
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It seems that Poroshenko is the last, best hope for a stable Ukraine. He came without a lot of the political baggage which his predecessors had. It is Western and Russian meddling which has destabilized that country. |
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I've noticed that Forbes is very high on Bitcoin for about a year now.  Yes. I think some senior-level bright-spark at Forbes loaded up large and has been quietly keeping the in-house view bullish. |
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what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.
11 million as Satoshi is in for the long haul.  Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding. |
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This is what a chaotic state looks like.
Yes. A chaotic state created by the fanatical warmongers GW Bush Jr, and Tony Blair. They turned Iraq from a brutal dictatorship into an even worse state of blood-drenched anarchy. There was meant to be a film happening about Tony Blair the war criminal. Wonder how that is getting on? |
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Why marketoracle said bitcoin is perfect scam?
Because Nadeem Walayat thinks he knows C++ enough to dismiss the Bitcoin software as flawed.
Also, like many critics of the central-banking FRB monetary system he is incapable of accepting that a paradigm change (like Bitcoin) can kick the whole thing into touch whether or not the existing system implodes or struggles on.
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Karl Denninger, the multi-millionaire blogger on matters economic and political normally turns his polemic style onto Wall Street and Washington DC corruption, but he fully unleashed the flamethrowers onto Bitcoin last year.  Now, however, is he taking a lesson from the dirty play-book of the Chinese Communist Party which wants to erase the Tiananmen Square massacre from the pages of history? A search for "Bitcoin" on http://market-ticker.org/ reveals zero matches, even though he published three or four articles like this one: The Mt.Gox and Bitstamp debacles prove that Bitcoin is not a perfectly secure currency and that the “Bitcoin ecosystem” is quite dangerous. True or false?
It is true but not because of these problems. Bitcoin has never been a currency, because in order to be a currency it needs to be two things. First, it needs to be a medium of exchange... [etc etc] http://beforeitsnews.com/economy/2014/02/the-market-ticker-bitcoin-interview-wvor-2597556.htmlToday (July 13th, 2014) this Market Ticker article is missing, showing "Post Not Available" with a baby-pink background. http://www.market-ticker.org/akcs-www?post=228725Has he got the guts to publicly admit that he was wrong, and take a proper look at Bitcoin technology, and finally write a balanced article? One that will permanently remain on his website? |
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I'm amazed that the economist is even talking about this possibility? Why I aren't they doing the usual "Deflation is bad for the economy because I say so!" crap?
That article is really good and a balanced view. The author uses the tagline "Schumpeter" which is significant because Schumpeter knew his stuff and would have crushed the Keynesian inflationistas who infest current governments. |
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Whatever, point is they have 50% and they aren't doing anything about it. They should split to 3-4 different pools.
Yes. I agree maybe they should. The thing is that Bitcoin has to work without people being nice. It has to work that way or sooner or later someone will come along and not be nice, and break it. That is the way the world is unfortunately. |
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I'm seeing 3 double-spends out of 500,000 recent transactions, and all 3 are < 1 bitcoin. Ghash is earning hundreds of thousands of dollars a day. Why would it put that at risk for a couple of bitcoin in a double-spend? Proof of them being able to do it... I dunno. Gbozo works in bank and earns millions. He sees some small change on his boss's desk and grabs it. Why? Maybe so he could prove he could do it. Genius! |
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I'm seeing 3 double-spends out of 500,000 recent transactions, and all 3 are < 1 bitcoin. Ghash is earning hundreds of thousands of dollars a day. Why would it put that at risk for a couple of bitcoin in a double-spend? |
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 It's not real time chart https://blockchain.info/zh-cn/pools?timespan=24hrsGhash mined out 81 blocks in recent 24hrs reaches 48% portion , unless blockchain's statistics is wrong. to bluemeanie1 : lol ... I am not trying to keep market down . I just suggest miners should switch to other pools blockchain's statistics for mining pools is always an approximation, because it counts who reported a block. Remember this is a distributed network where nodes communicate via other nodes. So a block found by "A" can be received by blockchain.info from "C" (because it went A->B->C->blockchain.info) So this 48% for ghash is ghash reporting more blocks than it finds because it is well connected in the network and receives some blocks before blockchain.info does. Also, spikes over 40% are possible for ghash because of variance (luck) in block solving. Any pool with 38% will occasionally see 40+% for short periods. kinlo has a site which is more accurate because he examines mining pool websites for reported blocks: http://blockorigin.pfoe.be/chart.phporganofcorti's blog is most accurate because he uses all clues such as payment addresses. He also reports 1 week periods which would highlight a sudden increase more quickly. Donate to P2P pool miners. Others will see the free coins and join. Already P2P pool has been more profitable for miners then other pools since the donation tool started: http://blisterpool.com/p2pdonateAbsolutely. It's better if p2pool is more attractive to miners for profits, and has improved software, which has a fund for donations too (see my sig). |
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And there are protocol enhancements for zero confirmation transactions in the works.
Is there any detail on these enhancements? Because the core dev discussion on github seems to be very much going around in circles: https://github.com/bitcoin/bitcoin/pull/4298A worthwhile change like replace-by-fee has the side-effect of increasing double-spend risks. |
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Maybe one day all people will use xbt for practical reasons, but until that day btc it's so much better.
I kinda liked the idea to use BTC for 1 Bitcoin, and XBT for 100 satoshis. That way trading / financial software can cope (only 2 decimals) with XBT. 1 XBT = 1 bit = 1 mBit = 100 satoshis 1,000,000 XBT = 1 BTC Yes agreed. In March last year when I started a thread promoting XBT I thought that the lack of an ISO code was a major handicap. It is, but it was only recently that I realized the 8 decimal places is an even bigger handicap. So assigning the ISO without having a unit for 100 satoshis is putting the cart before the horse. |
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Everytime I check on the blockchain hashrate distribution statistics , a paranoid part of me wonders if the 18% unknown is actually ghash.io covering up
And every time I see somebody asking this I feel like telling him , "of course they are " just to drive the paranoia further. But really , it's the second time this year we have this debate and nothing changed and nothing happened from the last time. Unless I see other pools offering a 0 fee and being as reliable as ghash the same time , nothing will change. Unknown was always around 10%, and the increase from that is a couple of growing mining farms which blockchain.info doesn't know about. People should use this site in order to know what the mining pool situation is really like (as much as can be determined!): http://organofcorti.blogspot.com/ |
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Great summary. I am wondering whether Bitcointalk itself could help by:
Ceasing to display ads for mining pools which are over a certain threshold, like 20% of the network.
Funneled some of the ad revenue received from pools to support p2pool development, improve its website and generally make it a much better option for miners.
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How I see it: Moon $1000 <- hit it and bounced off Mars $10,000 Jupiter $100,000 Oort Cloud $1M Mars before 2020? Hopefully |
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