Boussac
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e-ducat.fr
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February 27, 2014, 11:41:26 AM |
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I am new to bitcoin.Which program is best for newbies? Bitcoin-qt or multibit
For newbies, I'd recommend electrum as an SPV client. Once you become familiar with bitcoin, you would want to be a full node and take the time to download the whole blockchain with bitcoin-qt and strong password for wallet encryption. Avoid windows. Electrum is easy to use but it needs centralized servers. It is not a pure P2P client. Bitcoin-Qt is pure P2P. Multibit is pure P2P. SPV is specified in Satoshi's original paper for thin clients; A thin client (multibit or electrum) is NOT P2P because it needs full nodes to function. Anybody can run a full node electrum server. There is no "central" electrum server: you can chose the one you want to connect to. |
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Shawshank
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February 27, 2014, 01:52:43 PM |
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Electrum is easy to use but it needs centralized servers. It is not a pure P2P client.
Bitcoin-Qt is pure P2P. Multibit is pure P2P.
SPV is specified in Satoshi's original paper for thin clients; A thin client (multibit or electrum) is NOT P2P because it needs full nodes to function. Anybody can run a full node electrum server. There is no "central" electrum server: you can chose the one you want to connect to. Multibit IS pure P2P. Schildbach's Android wallet is also pure P2P. They implement the SPV concept of Satoshi. None of the two implementations are are used in validating nodes, but they are pure P2P. https://plus.google.com/+MikeHearn/posts/hzySWGzHAcJElectrum is not P2P and it does not implement Satoshi's SPV concept. Bitcoin-Qt is P2P and their nodes fully validate transactions. |
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Waca Recargas
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March 01, 2014, 12:34:59 AM |
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Good news... thanks a lot!
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howardb
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March 04, 2014, 02:22:23 PM |
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Is there any chance for future releases that the upload bandwidth used by bitcoind could have a throttle option?
I don't have one of these new fangled VDSL or Cable connections, I have a 8mbit ADSL connection with a staggering 256k upstream. It gives me an upload speed of 38kb/s. Bitcoin-qt sucks up all of that bandwidth which makes even browsing webpages extremely slow and painful, sometimes impossible. It would be nice if there was an option (other than 'exit') so that bitcoin-qt couldn't hijack my internet connection.
Thats being dealt with via the SPV protocol, already implemented in MultiBit client. |
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howardb
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March 04, 2014, 02:24:57 PM |
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Can Bitcoin wallet support other coins like litecoin or Gogecoin at same time? As you know there are so many coins now.
That's like asking if my Swiss bank account supports Nigerian Prince investment fund. Or if Fort Knox will also store my collection of pretty rocks. These alt-coins are Bitcoin, with the most trivial of changes. They can be taken out at any time by 51% attack by existing miner hashrate or common computing resources. They have been killed in the past just for demonstration, but nobody seems to learn, so now they and their wannabe-rich creators are ignored. Only Namecoin is unique in offering a new feature that won't be included in Bitcoin, and it has a difficulty about 75% that of Bitcoin itself. Only namecoin attempting to add value?? you need to do your homework before making that kind of statement. I'm no fan of the me2 coins but there are some excellent innovations happening in the alt space. |
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Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
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March 05, 2014, 08:27:21 AM
Last edit: March 05, 2014, 10:07:09 AM by Foxpup |
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"Bitcoin can be used for micropayments" they say.
Who are "they"? Do you want me to beat them up? Bitcoin is neither suitable nor designed for micropayments, it never was, and never will be. Anyone who says otherwise deserves to be punched in the face. EDIT: Typo |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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wumpus (OP)
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March 05, 2014, 01:43:26 PM |
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First I'd like to know if that would be a waste of time or not. Often lack of features is a design decision not a question of code. See also: GNOME project There would be no opposition to adding a port option in the UI options. Bandwidth limiting on the other hand is currently stalled until parallel block download is implemented. Currently a single slowed down peer can have too much impact. Nevertheless you may be indeed able to limit the bandwidth on the OS level, a sample QoS script for Linux is even included in contrib/qos. |
Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through File → Backup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts. |
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cescan
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March 07, 2014, 10:11:47 AM |
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Anyone know when will bitcoind version 0.8.7 be release?
hopefully by this month!
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grifferz
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March 07, 2014, 07:38:04 PM |
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I think it's going to 0.9 to help address the transaction malleability, dust spam issues, fees reduction etc.
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awesomeami
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March 08, 2014, 10:53:00 AM
Last edit: March 08, 2014, 11:13:43 AM by awesomeami |
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awesomeami
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March 08, 2014, 11:15:06 AM |
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wasamata
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March 11, 2014, 10:24:14 PM |
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What security features does this upgrade incorporate, or are these wallets still basically candy for CCSM's to freely take people's coin as they please?
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roslinpl
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March 15, 2014, 11:32:18 AM |
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so please do not post MALWARED link in your comment  |
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ns12123
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March 15, 2014, 06:38:55 PM |
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Why anyone would like to use Bitcoin-qt over Multibit i don't get it.
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deepceleron
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March 16, 2014, 06:05:01 AM |
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Why anyone would like to use Bitcoin-qt over Multibit i don't get it.
If Bitcoin didn't exist, Bitcoin wouldn't exist. It is the single piece of software powering the network, miners run Bitcoin, merchants run Bitcoin, and Multibit connects to someone running Bitcoin. That is like asking why anyone would prefer hamburgers over mustard. |
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smoothrunnings
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March 16, 2014, 11:35:21 AM |
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Why anyone would like to use Bitcoin-qt over Multibit i don't get it.
Because I am running a P2Pool node which uses bitcoind/bitcon-qt |
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gweedo
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March 16, 2014, 04:35:52 PM |
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Why anyone would like to use Bitcoin-qt over Multibit i don't get it.
Cause I don't trust any nodes on the network. |
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wumpus (OP)
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March 17, 2014, 08:59:08 AM |
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Why anyone would like to use Bitcoin-qt over Multibit i don't get it.
Very simple: to support the network. If no one was running bitcoind/-qt, there would be no network and no bitcoin. |
Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through File → Backup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts. |
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LikeTurgenev
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March 17, 2014, 09:30:55 PM |
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I like this new version , but anyway i prefer MultiBit
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