Bitcoin Forum
November 07, 2024, 03:49:59 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Is 1PEDJAibfNetJzM289oXsW1qLAgjYDjLgN trolling the bitcoin ecosystem?  (Read 4091 times)
piuk
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1005



View Profile WWW
November 26, 2012, 04:09:12 PM
Last edit: November 26, 2012, 05:59:57 PM by piuk
 #21

On a related note: https://blockchain.info/address/1SEXYws5t1C8E4ziQTQbR9fMRAZbFxVkk

Seems like an attempt to spam the network as well, without paying any fees.

cunicula
Legendary
*
Offline Offline

Activity: 1050
Merit: 1003


View Profile
November 26, 2012, 04:43:31 PM
 #22

On a related note: https://blockchain.info/address/1SEXYws5t1C8E4ziQTQbR9fMRAZbFxVkk

Seems like an attempt to spam the network as well, without paying any fees.
The associated blockchain info page is a symphony of beeping.

Wonder if it is a restless miner trying to force fees to go from zero to 1 satoshi?

ninjaboon
Legendary
*
Offline Offline

Activity: 2128
Merit: 1002



View Profile WWW
November 30, 2012, 06:26:48 AM
 #23

must be a bot.

DobZombie
Hero Member
*****
Offline Offline

Activity: 896
Merit: 532


Former curator of The Bitcoin Museum


View Profile
November 30, 2012, 06:57:12 AM
 #24

must be a bot.


Tip Me if believe BTC1 will hit $1 Million by 2030
1DobZomBiE2gngvy6zDFKY5b76yvDbqRra
Vandroiy
Legendary
*
Offline Offline

Activity: 1036
Merit: 1002


View Profile
December 01, 2012, 03:29:41 PM
Last edit: December 01, 2012, 03:43:55 PM by Vandroiy
 #25

BS meter. When dealing with people like cunicula, be sure to set it to high-range mode to avoid overloads. Smiley
I used to do this, but then I discovered the forum's "ignore" feature.

+1  
coinicula also made me activate this highly useful feature.

cunicula is right, the pricing is inefficient because the block size limits are arbitrary, and without a central entity controlling them it's unlikely that prices will settle at an optimal value. Actually, just read his posts again, they provide an accurate explanation of the problem.

The Bitcoin devs just had no better idea than an arbitrary limit, and since it's not an easy problem, it's hard to blame them. We can can probably deal with high future fees by introducing extra systems that use Bitcoin as backing. Thus we have limits that are only somewhat high now but probably low on the long run.



It's amazing how people just use some sort of mob-truth-finding and wander on. It seems that "Haha, I ignored you" remains the best BS-indicator.
AvL42 (OP)
Full Member
***
Offline Offline

Activity: 216
Merit: 100


View Profile
December 01, 2012, 04:14:57 PM
 #26

Cunicula (I didn't ignore him) raises his point, in that blockchain-space is currently "too cheap" and thus wasted.
But he talks utter nonsense, when his solution goes about centralizing control over the blockchain.
If anyone wanted a centralized infrastructure in digital money world, they could just as well use
paypal, web money, e-money, Linden dollars... and whatnot.

There already is a price for getting satoshi-outputs into the blockchain.  The problem is,
that the dice-games (which are probably #1 generators of satoshi-outputs) give the players
no choice for opting out, yet. (Short of stopping bitcoin dice-gambling at all, of course.)

It's like as if all groceries gave you the shopping cart as a present (for you to keep), each time
you go shopping there (and effectively you have to buy it with your money, as the prices of the
goods would then have to be set such as to include the price of the cart).
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!