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Author Topic: Introduce yourself :)  (Read 1058521 times)
Nic Dooce
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August 11, 2011, 09:46:07 PM
 #2561

I'm a new minner.
I want to be able to reply on the other forums of the site because it's great.
I wonder if we upgrade status because of the number of the post... ?
anyone knows ?
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jorijnsmit
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August 11, 2011, 10:01:21 PM
 #2562

Ok so spammers are kept out by letting people spam this thread?
dragos240
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August 11, 2011, 11:02:41 PM
 #2563

Yo! I'm dragos240,

I love trance, dubstep and drum n' bass. Since I'm a newbie and this is my first post. I can only post here. Oh well. With time I'm sure I'll be able to post elsewhere. I was introduced to bitcoin from an unlikely source: lulz security. It's very interesting and I hope to use it more often.

I have a question that I hope will be answered: Doesn't mining cause inflation?
pitabread
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August 12, 2011, 01:19:54 AM
 #2564

Hi  Smiley
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August 12, 2011, 01:21:52 AM
 #2565

Hi all
Robin here. I'm a software developer living and working in Bogotá Colombia, best regards.
viboracecata
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August 12, 2011, 02:30:11 AM
 #2566

Hello, everyone, I'm viborace cata, good to see you here.

iBuilding A Better Interneti
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          ▀╙    ▀▀▀  ▀▀▀  ▀▀▀▀╙           `      "▀▀  └╙
You Can See Me Now, Hi :}
VARANIDA

 
 
 
 
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|Hello Again
GWhitePaperG
GAnn ThreadG
xylo
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August 12, 2011, 03:51:11 AM
 #2567

I have to say I'm not too fond of the "Newbies" policy, but I understand why.  Just one thing, you stop spam by making newbs spam this thread?  I suppose it works... or could work.
silverchair
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August 12, 2011, 04:05:33 AM
 #2568

Welcome aboard bitcoin diehards  Cheesy

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
wakkawakka
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August 12, 2011, 06:14:46 AM
 #2569

im wakka wakka , trying to get established so i can sell on the marketplace.... how many posts do i need?
wakkawakka
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August 12, 2011, 06:17:27 AM
 #2570

oh nevermind, i figged it out, 5 posts XD
jorijnsmit
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August 12, 2011, 08:33:17 AM
 #2571

[...]

I have a question that I hope will be answered: Doesn't mining cause inflation?
Mining rewards are handed out at an exponential rate; http://en.wikipedia.org/wiki/File:Total_bitcoins_over_time.png.

This curve is maintained by increasing the difficulty of the blocks to be mined when more mining takes place.

(Correct me if I'm wrong, I am - after all - a newbie ;-))
jorijnsmit
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August 12, 2011, 08:41:15 AM
 #2572

Here's a more in-depth explaination:

Because block solutions arise out of an independent random process, block creation by the Bitcoin network can be described as a Poisson process. The protocol adjusts the problem difficulty so that the distribution mean is λ = 2016 blocks per two weeks, so there are roughly ten minutes between the creation of new blocks on average (the wait times between events in a Poisson process follow an exponential distribution). The difficulty updates happen every 2016 blocks. The difficulty is set to the value that would have most likely caused the prior 2016 blocks to take two weeks to complete, given the same computational effort (according to the timestamps recorded in the blocks).[25] All nodes perform and enforce the same difficulty calculation.
skidz7
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August 12, 2011, 09:06:42 PM
 #2573

Ok so spammers are kept out by letting people spam this thread?

I don't think most spammers would last long enough to post 5 spams and it keeps the other forums clean.  I like the idea, even though I'm not up to my minimums yet.
528491
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August 12, 2011, 10:26:50 PM
 #2574

Greetings Cheesy i come from 3DG Forums Cheesy

New here :$ ...
madsokrates
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August 12, 2011, 10:48:12 PM
 #2575

the question about mining and inflation is a good one... had me thinking for a bit. Maybe btc avoids inflationary concerns altogether since the increase in supply is essentially fixed and public knowledge. Any fear of inflation should be quelled by the ultimate expectation of deflation when all the coins are mined. It's hard to test the idea empirically though since the flux in value is thus far is surely due more to it's widening adoption as a currency than to the increasing supply of btc. hmm...
Stefanie Andrea
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August 12, 2011, 11:10:01 PM
 #2576

Hello everyone
triggs
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August 12, 2011, 11:37:10 PM
 #2577

Hi everyone,

just thought i'd say HELLO!! and brace yourself for some noob questions Smiley

triggs.
gnoll110
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August 13, 2011, 03:21:13 AM
Last edit: August 13, 2011, 01:11:27 PM by gnoll110
 #2578

*delurking alert*

Hi All.

Find all the bit coin stuff interesting.

https://bitcointalk.org/index.php?topic=36776.0 Creating a master database of honest traders

People talking about a master database.
Given bitcoin is distributed system, shouldn't any solution also try to be distributed too. Calculated from the transaction chain? Could the chain included optional extra info to enable this?

Just my 0.02BTCs worth!
bearbalu
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August 13, 2011, 06:30:50 AM
 #2579

Just another bitcoin miner  Roll Eyes
jasco
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August 13, 2011, 07:26:10 AM
 #2580

Hi everyone!

Been lurking here for the past month or so.  Tongue
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