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Author Topic: Introduce yourself :)  (Read 994407 times)
Foxpup
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March 24, 2013, 12:27:40 PM
 #10881

I am requesting moderator to give me permission to post in the following thread immediately:

https://bitcointalk.org/index.php?topic=119460.0

I think I have discovered a critical flaw in Bitcoin and it will stop functioning in months if I am correct:

http://bitcoin.stackexchange.com/questions/799/can-i-download-the-whole-block-chain-from-somewhere/8661#8661
You are incorrect, and need to learn more about how proof-of-work works. The key to any proof-of-work function is that it is it difficult to perform the work, but easy to verify that the work is correct. In the case of Bitcoin, the function is to find a set of data whose SHA-256 hash is less than a particular "target" value. Since hashes are essentially random, there is no way to perform this function without repeatedly hashing many candidate data sets until you find one which matches the target. The lower the target, the more hashing operations are required. But crucially, verifying that the solution is correct requires only a single hashing operation, regardless of the target. Although ASICs substantially increase the difficulty of finding hashes, verifying them does not (and will never) require any more computational effort than it does presently.

Note also that the purpose of mining is not to provide "a level playing field", but to secure the blockchain from attack. ASICs help this security by making attacks utilising conventional hardware (such as botnets or general-purpose supercomputers) much less feasible.

I'm also not sure I understand your proposed "solution" to this non-existent problem, either, though it seems to be far more centralised (and therefore vulnerable to attack), and also nobody like inflatacoins, neither.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
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Luku
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March 24, 2013, 12:53:57 PM
 #10882

Hi all!

I register here to get more knowledge and experience in hunting.
agduncan
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March 24, 2013, 01:59:07 PM
 #10883

Hello!

Obligatory intro post. Look forward to reading more about BTC.
mccoyspace
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March 24, 2013, 02:25:50 PM
 #10884

Mined my first bitcoin the other day. So far so good. 11 days to mine it in the pool.
xur17
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March 24, 2013, 04:06:12 PM
 #10885

Yo, I'm new here.
Saman
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March 24, 2013, 04:20:37 PM
 #10886

Hi

my name is Steven Morell and I have been lurking on this forum for a couple of months now. I am trading on mtgox, bitfloor and bitcoin 24. I also run bitcoin startups in germany, the us and here in south america.

my latest project is a directory of bitcoin experts who are helping investors and businesses to implement bitcoin: http://BTCXperts.com

Naturally I am interested in meeting other bitcoineers around the globe.


cheers

-SM
nowwhat
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March 24, 2013, 04:55:07 PM
 #10887

now what

BTC: 1AUXCHF2xywS8Djb8PSXKCXGmpEXyAVtMD   LTC: Li4FFihFKf9Ej3SYBz4NHQZ4gKUB2kC76V
jack.nitzsche
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March 24, 2013, 05:35:19 PM
 #10888

now what

Excellent question.
ryanc
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March 24, 2013, 05:59:51 PM
 #10889

Hi, I'm Ryan. I've been a crypto geek since I was a little kid, and I am really excited to see where bitcoin goes - the design of the system is amazing. I built a quad GPU mining rig early summer 2011 and ran it for about six months before the absurd power costs in California made it unprofitable to continue.
Cryptlexity
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March 24, 2013, 06:09:46 PM
 #10890

Hey, I've always used this forum for getting information on bitcoin. Recently noticed I needed posts and time logged on to be able to post on the normal forums.  Tongue

puax
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March 24, 2013, 06:11:27 PM
 #10891

Hi.
I use MtGox to exchange bitcoins and I created a login to complain about their service and ask for support.
sdz123
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March 24, 2013, 06:12:48 PM
 #10892

Hey all. Got into Bitcoin just over a year ago. Fascinating! Only just bothered to register here.
cheese_bot
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March 24, 2013, 06:55:20 PM
 #10893

Not sure why I'm here  Undecided
The lack of cats and porno will surely be the end of bitcoin.  Cry
Mikel
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March 24, 2013, 07:44:28 PM
 #10894

Why not post a more complete introduce myself here rather than just trying to raise my post count. 

Hello y'all

I'm a teenager from the New England area who has been watching the bitcoin experience from afar but never had the drive to actually get into it.  I bought a few bitcoins a few weeks ago just for fun, and then the Cyprus ordeal happened and I realized the potential of bitcoin.  I also would love to get into stock trading, but feel like the complexity it too much to start with, so why not start with bitcoin?  I am currently playing with Mt Gox in small amounts of BTC(1-5 btc) to try and make a few quick bucks.  I love the risk factor of it and you really don't lose too much unless you really eff up.  Well that's me.
Luku
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March 24, 2013, 07:49:55 PM
 #10895

I wonder how many of ya, newbies, lost ya savings in next 2 months?
WeTradeCoins
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March 24, 2013, 07:55:41 PM
 #10896

Hello ppl! Very active in BTC market, just decided to make an account as well(always reading in guest mode..bleh Tongue )

Anyhow, in the coming weeks we plan to launch our new site for BTC trading: WeTradeCoins.net

will keep you posted! Nice to see you all!

www.WeMineLTC.com   0% FEE |   PPLNS  |   SSL  |   STRATUM  |  FULL DDoS PROTECTION LTC POOL!!
DeeSome
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March 24, 2013, 08:19:19 PM
 #10897

Hi all, newbie reporting in.

      BinaryBase.co    
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
inaj
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March 24, 2013, 08:54:03 PM
 #10898

i'm flash
pox67
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March 24, 2013, 09:07:29 PM
 #10899

Hey all,

obligatory post Wink

I believe I need 5 more before posting in the other forums?
I have some mining questions to shoot off once that is done.

I bought into BTC at $30 and very happy I did so.
After more reading I have decided to turn my gaming rig in to a LiteCoin miner. Just in the process of selling off GTX 670's and purchasing AMD 7970's. I know Litecoin will never be as big as Bitcoin but there there is often a need for alternate currencies.

So I am late to the game but happy to be here anyway Smiley

Cheers!

CPU: Intel 3930k, MB: Asus P9X79LE, 16GB RAM @2133mhz, PSU: 1000W Silverstone Strider
GPU: 2 x Sapphire 7970 Dual-X (950/1425mhz)
yordan
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March 24, 2013, 09:10:41 PM
 #10900

NOT to piss newcomers off.

Fail.
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