@DH, after sending a transaction using old coins existed and generated prior to the block 460,000 couldn't either parties(nodes) be programmed some how to cross reference the both chains to see if a transaction is being double-spent?
Yep, so you'll know, but you can't do anything about it. and how can someone send your coins from other chain without your permission if they don't have the private key?
They don't need it. The only thing you need the private key for is to sign the transaction. You've already signed that transaction, so it's just as valid on the other chain. Also miners could as well ignore all transactions and mine empty blocks for as long as it takes to sort things out correct?
Sure, but why would they? You are saying that if bitcoin splits in two chains then we could literally double spend more than 16.3M BTC successfully and get away with it? Wouldn't that destroy everything that bitcoin claimed to do and be? Which one is better in your opinion, supporting SW and activating it and if we do then could we hard fork if it back fired and wouldn't that be the reasonable solution? |
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I have lost patience there as each time i have been trying the only thing i got is a message saying the hourly limit has been reached, ect... With 100 per hour it is just ridiculous rate and at the end it may better to wait than trying every hour and filling the captcha. I saw a similar service but need to pay with a... credit card... lol
It's not ridiculous at all. It's a charity-like service for people free to use. If they don't put any restrictions to work, then it will allow people to abuse their service, plus it would make them a spam target. Imagine this ~ instead of picking up low fee transactions, they could also just pick up whatever other transactions as that would net them a higher income through fees. I am sure the paid one you mention that requires credit card payment is from btc dot com? It's a disgrace that they don't allow people to pay with Bitcoin. But hey, no one is forced to use their silly tool. Paypal is more profitable if used instead of such an accelerator  why the hell would I pay directly to a service to transfer my funds when I can include less than a buck as fee and my transaction being confirmed in less than 20 minutes? Every time I decided to use viabtc to accelerate some TXs I got the limit warning notification meaning there are too many people know about it and this is no longer a viable solution. |
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@DH, after sending a transaction using old coins existed and generated prior to the block 460,000 couldn't either parties(nodes) be programmed some how to cross reference the both chains to see if a transaction is being double-spent? and how can someone send your coins from other chain without your permission if they don't have the private key?
Also miners could as well ignore all transactions and mine empty blocks for as long as it takes to sort things out correct?
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Yes but in my opinion there will not be 2 indepedant chains like everybody presumes. What happened with ETH and ETC is completely different because the difficulty retarget for ETH is by the next block. With Bitcoin its every 2 weeks and the way the software is coded the difficulty can only change by a certain factor.
So imagine if 10% stays on the old chain, it will take 10 times as long to find a block, so 2 weeks becomes 20 weeks, and then the difficulty only drops slightly so it would take like 15 weeks for the next difficulty drop.
Transactions would be impossible to get thru, it would be chaos it wouldn't of survived.
What if one of the hard forks changes block time and difficultly retargeting so they mine blocks faster? Would the fork still be considered bitcoin?  People(miners) will continue to find blocks only every 30 minutes or so, take a look at block explorers and see how many blocks the Core miners are mining every hour? they are mining with the same difficulty that they will have to mine after hard fork. Only thing here that matters are exchanging services(community) when they say we won't list you as BTC if you fork it means forking is essentially a futile action, they won't get what they wanted simply they will become something else but right now BU wants bitcoin not altcoin. |
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Guys this is quite interesting what i was thinking about. Look i guess(not relevant for this matter to be exact) BU includes 30% of the community. If Bitcoin forks and BU will be a altcoin those 30% are LIKELY to put their stash in BU right? This means that BTC price will crash with 30% when this happens (fork). This will be a favor for Ethereum, thats why vitalik buterin says a fork is good thing for btc because Buterin makes money out of it and Eth will be almost as big as Bitcoin when a fork occurs.
ETH is not a currency but rather a token to give value to the platform which applications are running on it, however if bitcoin forks it will be exactly like ETH being Core and ETC being BU, even if Core wants to hard fork bitcoin if they don't do it with 95% total consensus you should consider them as a hostile party and drop the support. The majority of miners(mining power) is not an idiot to hard fork bitcoin without an urgent need they know the risks and that's why they are testing the waters and we're right now been warned already. |
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What are you guys talking about? I hope you realize that what you're doing is heresy if bitcoin was a religion imo any 51% attack is the action of a m*ron individual, having 51% or even more of the total hash power means that you could mine more than others and a network safe/secure/with community support will cause the price of what you now are mining more than others to increase. unless you are mentally re*arded and not capable to think about the future consequences of your actions. |
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I don't know about you but seems to me like more people dump more people support the buy walls, have you noticed we've come from a $200M daily volume to a $600M 24Hrs and will soon reach $1B I know that could mean old hodlers might be dumping and are cashing out but it is a good sign let the big bag holders dump their stash it'll help to balance the scales of distribution, every day passes and more people from around the world are entering into bitcoin. remember that no matter what will going to happen HF or not our coins are safe we just need to keep supporting the Core, but why Core? because Satoshi himself could very well be steering the development of Core version you never know.
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If Bu forks bitcoin with hash power alone they can go for sure and sell their stash but when they see exchanges are not accepting their coin as btc it would be too late to switch to Core, so instead of being idiots and avoid your pools to lose at least 1000 BTC a day just switch to Core and let us to continue as one strong chain because no matter if BU forks or not SW will be activated regardless |
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Hey I have no experience in doing escrow but if this can help then I'm happy to help. I will generate an address using bitaddress.org you'll send funds to that address and I will split the private key in half and will give you the first half and give that developer the second half and if after the job is done you could give the first half to him or I will.
And I don't need any trust feed back just want to help.
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As much as I'd like to know the real statistics of online casinos but I'm afraid that tax organizations around the world can't know for sure how much an online casino is earning because you know if there are millions of dollars involved then governments would love to issue tax and if they refused they could shut down their business.
I'd never trust the stats shown on their sites.
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Unlike many wrong speculations as we can see now price is recovering again from $1000 yesterday up to $1093 today and hopefully will continue to increase back to $1200+ in no time. I'd never lose my faith on merely incorrect speculations.
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I could exchange your 10BTC into my local currency and there is a private bank in my country where if I deposit money for long-term 2 years or 5 years I can get 18-20% every year and it pays dividends monthly and if I try to withdrawal the initial deposit any given amount then I'd need to pay back every dividends I've received thus far. and the fee to exchange bitcoin to my local fiat is 2% but that requires you to trust me and also if bitcoin price increases 20% in matter of 1 month then you'd be losing money.
Safest place is to invest in banks for long-term but if you hold your coins you could earn more though you'd be selling all your coins to profit and will have to wait for price to drop in order to buy back again to repeat the process.
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If user base continue to grow we'll face an unfair increase of fees over time, however I think increasing the block size without maintaining the responsibility of securing the network is harmful, bigger the block size=harder to securing the blocks=more computing power needed.
SW thought about that already and implemented the required measures.
We all should find the honest pools and broadcast our transactions through their connected honest nodes.
More than 2700 transactions and all sending the same amount to the same address and one unparsed output.
Maybe they are mixing coins?
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There are many opportunities to invest our money but sadly most of them result in loss of funds scammed/stolen, safest place for me would be investing on bitcoin itself directly to eliminate any possible risks. but again there is this thing called gambling which is a really bad habit and makes me to literally donate my money to the house. |
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Maybe a little bit of both for me, sometimes when I'm in the mood or my body demands it(you know just like you wanna play doctor... etc)  I believe what makes us gamble is the same force making us to seek opposite s*x and going bed with them lol at least the rush that I feel is somehow similar. I tried the planned gambling but after a while stopped working in my favor. |
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I'm pretty sure that is not a conclusion, one can be successful in gambling if he have the skills, I have a family member who are making a living in gambling and he gets high respect from us because we know how hard the journey to be a gambler. He is actually a poker player and believe it or not, he was able to build his own home, raise his kids in a good school and bought a car from his earnings in gambling.
Luck based and skilled based games can give your fortune but so much chance you can get in a skilled based games.
Yup, one of my family members was also a successful gambler but lost a few houses and few times even the wife was an old fashion style playing with bones and coins. everyone will eventually get greedy and lose big after all your opponents should win as well right? But remember when you trade you are giving something valuable and taking something of somewhat equal value instead while when you gamble you are either giving everything you've got or taking everything they've got. |
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Hard fork really happens when more than 75% of nodes/miners/hash power successfully bypass the set rules of protocol, in our case the protocol states blocks larger than 1MB are not valid but if enough numbers of nodes/miners accept any block larger than 1MB nodes validating and not enough nodes/miners could compete and create a normal block and not enough nodes accept and validates that normal block to be added to previous normal chain of blocks then the network has practically experienced a hard fork (change of the set rules.
Right now if enough of nodes/miners running Core software switch into BU then they have gone rogue.
Every software/program update/upgrade is basically a hard fork but in their coding everything overwrites and deletes the old files but blockchain can not be overwritten and deleted and must continue to function.
After any splits people still can run Core wallets of older versions like 0.12/0.13 as long as those versions are compatible and didn't change the set rules(protocol) they can keep mining their own chain but it will depend on users and especially exchanges if they will list and give the BTC ticker to it or name it something else(an altcoin).
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Any hard fork if not performed by the majority consensus will fail dead stone, in case if anyone wondered what would be an all out attack on bitcoin then you can see how altcoin fans and bitcoin haters are trying to destroy the network by only 1 pool switching/activating/performing the hard fork.
Consensus hard fork must be decided by almost all the nodes and all the miners and not by 1 giant miner pool.
BU is a damn discrete hostile take over, they are trying to fire the chairman/founder of bitcoin if it was a company.,
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Here is my guide now for you and for free every time you see bitcoin's price drops more than 10% after at least one week of somewhat steady or rising period try to put all you got into buying the cheap coins and wait another week to earn 10-15%+ on your initial investment. how many more times should this be performed for you to believe it? |
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