windjc
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Activity: 2156
Merit: 1070
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November 04, 2013, 06:32:53 PM |
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At this point, it seems close to impossible that we don't test the all time closing high of 229 on Bitstamp today. Or tomorrow at the latest.
What is the all time intra day high on bitstamp? $260ish I believe.
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Its About Sharing
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Activity: 1442
Merit: 1000
Antifragile
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November 04, 2013, 06:39:13 PM |
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How is it that they have no requirement to understand anything in the university concerning the topic they are researching...? I was wondering if what they said was even possible. I never heard of hiding found blocks and the like. While all miners work from the most recently discovered block (think of it as the "original" block), the selfish mining process begins when a pool of miners discovers a new block and doesn't publish it. The selfish pool then begins working on discovering yet another block, mining from this hidden one. Meanwhile, the rest of the "honest" miners are still wasting resources mining from the original block. Can you mine FROM a "hidden" block? This makes no sense to me.
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barbs
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November 04, 2013, 06:42:02 PM |
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226.97 on stamp. shit is getting real
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Nemo1024
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Activity: 1680
Merit: 1014
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November 04, 2013, 06:42:46 PM |
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Looks like they are talking about 51% attack and blockchain forking, without actually understanding what they talk about...
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rpietila
Donator
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Activity: 1722
Merit: 1036
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November 04, 2013, 06:43:52 PM |
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Looks like they are talking about 51% attack and blockchain forking, without actually understanding what they talk about...
Or at a bare minimum, not contributing anything that has not been there since day 1.
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justusranvier
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Activity: 1400
Merit: 1013
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November 04, 2013, 06:44:25 PM |
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Coinbase price for buying BTC is now $5 more expensive then Mt Gox spot!
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DougTanner
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November 04, 2013, 06:44:31 PM |
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Rally continues on Stamp.
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rocks
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Activity: 1153
Merit: 1000
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November 04, 2013, 06:45:38 PM |
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How is it that they have no requirement to understand anything in the university concerning the topic they are researching...? I was wondering if what they said was even possible. I never heard of hiding found blocks and the like. While all miners work from the most recently discovered block (think of it as the "original" block), the selfish mining process begins when a pool of miners discovers a new block and doesn't publish it. The selfish pool then begins working on discovering yet another block, mining from this hidden one. Meanwhile, the rest of the "honest" miners are still wasting resources mining from the original block. Can you mine FROM a "hidden" block? This makes no sense to me. Yes you can mine on any block created. But this only makes sense if the pool has 51% of the hash rate, otherwise the public chain will statistically grow longer. This is also why you wait at least 6 confirmations to consider a transaction valid. A sub 50% pool can statistically mine on an alternate hidden chain for a few blocks from time to time. In practice no one has done this because it is wasting your mining power and revenue. ...
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Adrian-x
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Activity: 1372
Merit: 1000
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November 04, 2013, 06:49:04 PM |
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What exactly is this rally running on right now?
Fake volume in china by all the criminals who fled FINCEN registered exchanges. This bubble will inflate further and burst even louder than the last one. I doubt the 'criminals' you say will actually move fiat, so FinCEN is irrelevant.. Yes they will they use HSBC and the like. The fines they pay FinCEN are larger than the Bitcoin market cap.
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Adrian-x
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Activity: 1372
Merit: 1000
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November 04, 2013, 06:52:15 PM |
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What exactly is this rally running on right now?
Fake volume in china by all the criminals who fled FINCEN registered exchanges. This bubble will inflate further and burst even louder than the last one. *bearlogic* If it inflates more than 350, that's no bubble. That's a miracle. Actually if it stays above 300 is a miracle. Lol just the fact Bitcoin exists is a miracle, the fact it's above $2. Makes me think there is a God.
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Walsoraj
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November 04, 2013, 06:53:27 PM |
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Looks like they are talking about 51% attack and blockchain forking, without actually understanding what they talk about...
No, it's not a 51% attack. But similarly, it does depend on miners doing something that will eventually hurt their own investment.
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 04, 2013, 06:54:25 PM |
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Looks like they are talking about 51% attack and blockchain forking, without actually understanding what they talk about...
No, it's not a 51% attack. But similarly, it does depend on miners doing something that will eventually hurt their own investment. It's a 26% attack. Not really a big deal tough.
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barbs
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November 04, 2013, 06:54:52 PM |
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is there a better way to view stamp's activity? bitcoinity seems delayed and processing trades in batches..
Trading.i286.org doesn't have working stamp activity..
BTW F* u Gox - nice 450 coin buy on stamp.. wow
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Syke
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Activity: 3878
Merit: 1193
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November 04, 2013, 07:00:56 PM |
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While all miners work from the most recently discovered block (think of it as the "original" block), the selfish mining process begins when a pool of miners discovers a new block and doesn't publish it. The selfish pool then begins working on discovering yet another block, mining from this hidden one. Meanwhile, the rest of the "honest" miners are still wasting resources mining from the original block. Can you mine FROM a "hidden" block? This makes no sense to me. Sure, you can mine a block, not publish it, and continue mining. But unless your pool has 51% of the network, the odds are the rest of the network will invalidate the block you are hiding, and then you've just lost a block and have to start over. It does nothing to harm the network, just yourself.
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ChartBuddy
Legendary
Online
Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 04, 2013, 07:02:03 PM |
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maz
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November 04, 2013, 07:02:47 PM |
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Funds cleared,
You may now crash in your own time bitcoin. Preferably sooner rather than later.....
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barbs
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November 04, 2013, 07:05:17 PM |
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Funds cleared,
You may now crash in your own time bitcoin. Preferably sooner rather than later.....
What are you hoping for?
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Ivanhoe
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November 04, 2013, 07:05:58 PM |
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is there a better way to view stamp's activity? bitcoinity seems delayed and processing trades in batches..
Trading.i286.org doesn't have working stamp activity..
BTW F* u Gox - nice 450 coin buy on stamp.. wow
http://bitcoinwisdom.com/
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maz
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November 04, 2013, 07:06:55 PM |
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Funds cleared,
You may now crash in your own time bitcoin. Preferably sooner rather than later.....
What are you hoping for? I'm hoping for Fibonacci's evil twin, Fibocrashy!
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BitchicksHusband
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November 04, 2013, 07:07:09 PM |
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While all miners work from the most recently discovered block (think of it as the "original" block), the selfish mining process begins when a pool of miners discovers a new block and doesn't publish it. The selfish pool then begins working on discovering yet another block, mining from this hidden one. Meanwhile, the rest of the "honest" miners are still wasting resources mining from the original block. Can you mine FROM a "hidden" block? This makes no sense to me. Sure, you can mine a block, not publish it, and continue mining. But unless your pool has 51% of the network, the odds are the rest of the network will invalidate the block you are hiding, and then you've just lost a block and have to start over. It does nothing to harm the network, just yourself. From what I read, the attack requires them to find 2 blocks before anyone else finding the same first one they found. Easier said than done. The averages are WAY against it. You might get away with it once or twice ever, but it's certainly not going to bring down bitcoin.
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