 bitcoin is not the problem, the user is... |
|
|
|
It gives good insight into how you think ...
As does this thread. Recognizing one's mistakes and trying to correct them is a wonderful quality to see in someone. but still people needs to know who they are dealing with. i like to see both posts, and making my opinion. |
|
|
|
Hi I'm new so i write in this thread.
Nice to meet you all.
I noticed that there is the option to start the client giving -gen to make it mining also. Great!
I started with bitcoin with two wallets on two pc.
I wanted to send some bitcoins from one wallet to my main pc
(abount3-4 BTC) but the client asked my for a transaction fee.
What? So I studied what is mining and the transaction 'costs' for network and so on.
In my opninion bitcoins will have not a big future if transaction fees are mandatory in a distributed system....
But I like so much the phylosofy so i pop this question.
Is there a way to start the client (or exists a modified client) that has this behaviour:
- no mandatory transaction fees
- it asks into the network for ONLY transactions without fee to mine in a distributed manner and mines them
Please help I'm a newbie!
the current fees are in place to limit spam on the network. just don't use your bitcoins for a few days, and the client will not put fees on the tx. the fees are not mandatory (yet), and i know that there exists a no-fee client, but miners will still reject your transaction, if a) it does not have fees, og b) it is not 'old' enough. |
|
|
|
I just want to know how you think the transition can happen without killing us all.
i think its possible. not all but some, like Atlas or other sociopaths, might get killed or commit suicide. EDIT: I DO NOT LIKE PEOPLE GET KILLED. |
|
|
|
a) fair distribution of money supply
c) protecting the network
Once there are sufficient coins "in the wild" the reason a goes away but reason b remains.
reason b? im only seeing a and c. confused! |
|
|
|
Hi,
I'm working on a near-future sci-fi novel where a virtual currency similar to Bitcoin is used, so I've been doing some research on how Bitcoin works. One question I can't find addressed is this:
What is the rationale for the rate of decline in the creation of Bitcoins? That is, what would be wrong with allowing the supply of Bitcoins to increase by, say, 5% per year indefinitely, rather than maxing out at 21 million? It seems like continually creating more Bitcoins would create a greater incentive for users to remain on the network to process transactions as well as removing some of the incentive to hoard.
Apologies if I'm missing something; trying to get a handle on the concepts. Thanks in advance for any feedback.
subjects to research: fees, deflation |
|
|
|
I'm obviously missing something, what does "money supply" mean other than the total amount of Bitcoins in existance?
there will only be 21 mil. REAL btc. but you can still OVER lend them. and thereby creating virtual BTC. eg. i put 100 btc in a bank. the bank lends someone 50 btc. so now i having 100 in the bank and someone is having 50 of my btc. 100+50 = 150. as long as all the btc is not needed at once it should be relatively safe. |
|
|
|
Sorry for a little pause - I am a human too  "drawing": yes, it is a lottery... I think it is better, if a miner is an identified person - so it is not possible anonym attack the system, and it is not possible more than one miner computer pro person. If you think a "central authority" - Yes, we will have - in a form of a peer-to-peer net And that computer is a computer, that is used for an another (daily job, hobby) purpose too. (And not only for "mining"...) The german translation coming soon - please be patient. For Idea "garanteer" I have new Ideas too. from reading your posts, im absolutely does not like your coin. |
|
|
|
it wasn't a scam though, there was a winner and old_engineer paid his dues, although you don't agree with the outcome result.
>>> It's not exactly a thread that I needed to keep tabs on... "Omg, I wonder what this person guessed....omg, I wonder what this person guessed."
but now it is a huge deal? make up your mind =)
The thread wasn't a huge deal because a surge towards $4 hadn't happened yet. I cared to find out who won, and I actually had forgotten my guess and thought that I had guessed the 16th. When I looked back and saw that I guessed the 19th, that's when I knew I'd won. well you did not win Goat did.  |
|
|
|
Nothing like a poor loser starting a new thread. Old_engineer, started the contest, someone said "what time zone" rather early on, and he said "GMT". GMT is the standard time zone in many things because it is the standard. You know, the way that Central time is referred commonly listed as "UTC - 06:00" just to explicitly show what time zone it is? And of course UTC is the replacement of GMT ( http://en.wikipedia.org/wiki/Coordinated_Universal_Time). Why would anyone use GMT as the standard? Because it is. When you're dealing with a global environment, what else would you use? Anyway, you lost out on 5BTC because you got in early on a free contest, never corrected your vote (basically because you had a lucky guess), and now you're whining about it. Welcome to the Internet. All of that is irrelevant since I cast my guess before GMT was even mentioned. As a result, I never viewed the thread again until yesterday. So, I was completely made unaware of this rule. Hence, the game was played under different rules by different players. Isn't Universal Time the default? OMG, is this how you all live your lives? Do you all walk around living your lives according to GMT or universal time or whatever? Jesus Christ, this isn't hard to understand. I live in Illinois, so I made a guess based upon my time zone. When my friend asks me "hey, what time are we going to dinner?" I don't know about you but I always make sure to ask him, "You mean, Illinois time or Japan time?" When you are talking to people from all possible time zones the only universal time is UTC, this is the common reference point. I've talked internationally with many foreigners through chat, pm, IM, etc. Never once has UTC ever come up. It's more like, "What time is it where you live?" so you can win, by telling a lie about where you live? nice. |
|
|
|
You can't seriously be claiming skill in predicting, to the hour, the time at which the $4 threshold was broken? I suppose you should have adjusted your guess after clarification of the rules, then. I think we're all just f'in monkeys throwing poo at a dartboard.
he have not claimed that he had skills, only that he was closer then Goat. he is only lucky |
|
|
|
|
i don't care. ITS ONLY FUCKING 5 BTC!
|
|
|
|
|
OMG Tradehill is GOXED! run for the hills! THE SKY IS FALLING DOWN!
|
|
|
|
MtGox will also allow your account to be hacked and steal your money!
...OR you are just so stupid that you install a keylogger on your computer. |
|
|
|
How will SOPA effect the Namecoin system? 3 points for using "effect" correctly as a verb -6 points for incorrectly awarding 3 points. The Namecoin system has already been "effected" (into existence). He was looking to use "affect", meaning to influence. He also could have said, "What sort of effect will SOPA have on the Namecoin system?" but then, that would not be a verb.  -9 for idiotic correction of grammar |
|
|
|
|
random though: will SOPA make namecoin more attractive?
|
|
|
|
|
Show Posts
