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Author Topic: bootstraping?  (Read 938 times)
schone (OP)
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April 26, 2011, 05:24:58 PM
 #1

Hello,

I'm relatively new to the bitcoin community but have a programming background as well as linux server experience.  Was wondering if bitcoin still uses the IRC freenode channel to bootstrap and if so maybe we can brainstorm and come up with an even better solution that will be scalable and not single point dependent?

Thanks

PS To Moderators: I'm sorry but i put another thread like this in technical support only to realize this section exists.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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April 26, 2011, 08:12:14 PM
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The IRC channel is still in use, but it is no longer a critical part of bootstrapping.  It makes it easier for a fresh install to identify peers to connect to, but if IRC is unreachable for any reason, it will use an internal list of IP addresses of known, persistant peers to bootstrap with.  Further peers can be identifed over the network protocol, and whenever Bitcoin shuts down it saves a list of it's most recent peers and attempts to reconnect to those peers upon startup.  Without IRC, initial bootstrapping can take a long time, because the client is not only starved of peer links but is also trying to aquire the blockchain and hash it all as it goes.  I've done it this way, and it's a tad faster to force the client to connect to a major known peer.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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