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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
cypherdoc (OP)
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September 12, 2014, 06:38:14 PM
 #11941

commodity producer Australia breaking support:

It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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September 12, 2014, 06:39:00 PM
 #11942

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



fucking hell!

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc (OP)
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September 12, 2014, 06:40:28 PM
 #11943

Energy SPDR:

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September 12, 2014, 06:43:08 PM
 #11944

Dow in a clear short term sell signal:

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September 12, 2014, 06:52:42 PM
 #11945

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc (OP)
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September 12, 2014, 08:20:35 PM
 #11946

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

My concern would be the time required to write the blockchain to that
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September 12, 2014, 08:21:10 PM
 #11947

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:


No serious person has had significant concerns about 'blockchain storage' since about forever.  It's been a red herring from day one.  What people are concerned about is access to that storage.  That could be internal (fully verifying a transaction history in the way that Bitcoin was originally advertise) or external (access to high quality and unencumbered bandwidth) should the transaction rate be increased by a large margin.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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September 12, 2014, 08:22:35 PM
 #11948

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:


No serious person has had significant concerns about 'blockchain storage' since about forever.  It's been a red herring from day one.  What people are concerned about is access to that storage.  That could be internal (fully verifying a transaction history in the way that Bitcoin was originally advertise) or external (access to high quality and unencumbered bandwidth) should the transaction rate be increased by a large margin.



nonsense, poeple are many many irrational fears about bitcoin this is one of them.

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September 12, 2014, 08:32:45 PM
 #11949

nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."
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September 12, 2014, 08:33:43 PM
 #11950

nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."

i disagree

cypherdoc (OP)
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September 12, 2014, 08:35:44 PM
 #11951

nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."

Pretty sure he's excluding the people you are talking with the word "irrational."
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September 12, 2014, 08:54:08 PM
Last edit: September 12, 2014, 11:20:59 PM by Odalv
 #11952

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

My concern would be the time required to write the blockchain to that

Do you mean:

 95Mb => 10 MB/s => 1 GB/ 100 s
 => 26 GB / 44 mins

Edit:
or 8 x faster  if B is "B" not "b"
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September 12, 2014, 10:03:06 PM
 #11953

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

My concern would be the time required to write the blockchain to that
You have 10 min and a write speed of 90meg a second with an average block size under 1 meg.
I think the pi will top out at about 10meg a second so it should work as a node.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc (OP)
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September 13, 2014, 12:16:16 AM
 #11954

we'll see a rush if that 475 wall at Bitfinex comes down
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September 13, 2014, 12:20:35 AM
 #11955

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

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September 13, 2014, 12:32:07 AM
 #11956

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

it's pretty clear we don't have to worry about any of these large ask walls flash dumping and wiping out the bid side.  they're just blocking walls.  if we can just get those coins to change hands we could break thru.
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September 13, 2014, 01:52:20 AM
 #11957

The cross under 10% is supposed to happen in mid-2015. It may have been brought earlier by the constant increase in hashrate, but at the same time this causes a shorter block time and higher coin emission (around +10% these days), so I think it can be confidently stated that we are still months away from going under 10% annual inflation.

At block 320,351 (right about now) annualized inflation is roughly:

Code:
(1 + (25*6*24) / ( 210000 * 50 + (320351 - 210000) * 25 ) ) ^ 365 - 1 = 10.4%

EDIT: corrected a 24 to a 25 which I previously thought I had corrected but instead f-ed up.

So yeah, if this is correct, we're not at 10% yet (about 140 more days to go)
And if you substitute the 6 for a 6.3 (and I'm being conservative) to reflect the increased rate of block findings per hour due to constantly increasing hashrate between difficulty adjustments, you get 11.0%. You see what I mean? Wink
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September 13, 2014, 08:45:16 AM
 #11958

we are a country born out of war (WWII).  our prosperity was born out of war.  we have continually lived war.  we are a warring nation.

You Live In A Murder Based Society

A 'Murder Based Society' is a tautology. The society (collectivism/state and church/patriarchy) is per se murder based; from the very beginning. That's the differcence to the community (anarchy).
cypherdoc (OP)
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September 13, 2014, 12:38:15 PM
Last edit: September 13, 2014, 12:59:07 PM by cypherdoc
 #11959

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

it's pretty clear we don't have to worry about any of these large ask walls flash dumping and wiping out the bid side.  they're just blocking walls.  if we can just get those coins to change hands we could break thru.

Getting through that bfx wall is a big deal. Like I said, there's enough bullish action where the little sellers ought to be getting behind the big ask walls instead of jumping in front so as to catch an extra few dollars  of pop when the wall breaks .
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September 13, 2014, 12:51:26 PM
 #11960

Conversely, if you're a little bull, you should have no fear gobbling up all the little asks orders right up to the large ask wall so as to assist the large bulls in taking down the large wall in one fell swoop.
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