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Author Topic: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)  (Read 798274 times)
nonnakip
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June 06, 2015, 10:10:12 PM
 #3041

Their double-spending policy is idiotic. Double-spending is a feature. They might as well accept "first seen" blocks too. That shows their lack of fundamental understanding of what Bitcoin is about.

The Bitcoin protocol is not about first come first serve. In fact Bitcoin should not give a damn about time. If sh*t like that ever makes it into official Bitcoin protocol, Bitcoin has no future.

Damn nonnakip, that sounds fucked up about double spending. Could you link a good, unbiased article or thread you've seen about it so I could read it? Every time I've looked at the "Bitcoin Discussion" section or other Bitcoin news sites recently all I've seen is people bitching about it both ways and in almost every thread/article. To be honest it just kind of made me avoid all those threads and not want to read about it, especially because there is so much FUD posted about both sides, conspiracies, and tons of shill/newbie accounts posting it. I know it basically stemmed from the block size debate and Gavin mentioning "Bitcoin XT", but I haven't been following it much.

I do not have any links and I did not read any articles. This is my opinion. My experience comes from handling nastyfans transactions using my own custom Bitcoin node since 2012.

The Bitcoin Foundation receives pressure to create a instant pay system. For this reason they encourage organizations to accept unconfirmed payments. THIS IS WRONG! Any organization that accepts payments with less than 6 confirmations do not understand how Bitcoin works and deserve to be ripped off with double-spending tricks.

By using stupid first come first serve logic and transaction coloring Bitcoin XT encourages acceptance of unconfirmed transactions. And by doing this they also are saying double-spenders are evil. THAT IS ALSO WRONG! Even nastyfans was required to double-spend to get funds out.

Bitcoin protocol requires 60 minutes for reliable transaction confirmation. If that is too long for the commercial world then using Bitcoin directly is not for them. There are plenty of business models like BitPay that allow merchants to have immediate confirmations for a service fee.

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June 09, 2015, 01:31:34 PM
 #3042

Can anyone get to nastyfans.org or is it just me that can't at the moment?

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June 09, 2015, 02:05:18 PM
 #3043

Can anyone get to nastyfans.org or is it just me that can't at the moment?

Looks like a DNS issue is effecting some users.  I'll look into it and see if I can find a more reliable DNS server.

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valkir
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June 09, 2015, 02:24:09 PM
 #3044

Yep I cant mine riht now.  Undecided sorry about that. Let us know when its back up!

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June 09, 2015, 04:56:17 PM
 #3045

Nastyfans.org is working for me at the moment, at least on my iPhone's Safari browser.

And @OgNasty- I can already tell those coins are going to look fucking amazing! The sheer thickness of that hunk of .999 silver is a thing of beauty! Can't wait to to see full front & back pictures of the finished product with holograms in place. I just wish I could have afforded one, but I will buy/sell/trade my way there eventually.

I do not have any links and I did not read any articles. This is my opinion. My experience comes from handling nastyfans transactions using my own custom Bitcoin node since 2012.

The Bitcoin Foundation receives pressure to create a instant pay system. For this reason they encourage organizations to accept unconfirmed payments. THIS IS WRONG! Any organization that accepts payments with less than 6 confirmations do not understand how Bitcoin works and deserve to be ripped off with double-spending tricks.

By using stupid first come first serve logic and transaction coloring Bitcoin XT encourages acceptance of unconfirmed transactions. And by doing this they also are saying double-spenders are evil. THAT IS ALSO WRONG! Even nastyfans was required to double-spend to get funds out.

Bitcoin protocol requires 60 minutes for reliable transaction confirmation. If that is too long for the commercial world then using Bitcoin directly is not for them. There are plenty of business models like BitPay that allow merchants to have immediate confirmations for a service fee.

Thanks for the clarification nonnakip. I am definitely not a fan of the Bitcoin Foundation and all of their BS drama, and for the fact that an average person may confuse the BF's relation to Bitcoin or may think they are somehow "in charge" of Bitcoin, which would be the complete opposite of decentralization. Like you said BitPay and other organizations consider the invoice paid immediately after receiving the Bitcoin transaction. I don't see why 60 minutes would be a big deal for any company to wait anyways, unless perhaps they are selling digitally transferred goods, because unless they ship the purchased item within 1 hour it shouldn't be a big deal. Instead of an "instant pay system" that works on 0 confirms, why not pop up a message stating "Bitcoin Payment Received. After your payment has received 6 confirmations from the Bitcoin Network, it will be considered ready for shipping. This process is a safety precaution and usually takes approximately 1 hour." ?

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June 10, 2015, 01:02:02 AM
 #3046

I don't see why 60 minutes would be a big deal for any company to wait anyways, unless perhaps they are selling digitally transferred goods

Or if you are purchasing something in store.  I would hate to have to wait 60minutes for a beer from some local vendor.


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June 10, 2015, 01:40:45 AM
 #3047

I don't see why 60 minutes would be a big deal for any company to wait anyways, unless perhaps they are selling digitally transferred goods

Or if you are purchasing something in store.  I would hate to have to wait 60minutes for a beer from some local vendor.

Good point, for some dumb reason I was only thinking of online shopping. If it were a small vendor though I would imagine it would just be his personal wallet and would ultimately be up to him to accept at 0 confirms or wait for more.

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June 10, 2015, 08:45:26 AM
 #3048

I don't see why 60 minutes would be a big deal for any company to wait anyways, unless perhaps they are selling digitally transferred goods

Or if you are purchasing something in store.  I would hate to have to wait 60minutes for a beer from some local vendor.

Good point, for some dumb reason I was only thinking of online shopping. If it were a small vendor though I would imagine it would just be his personal wallet and would ultimately be up to him to accept at 0 confirms or wait for more.

This is exactly what I talk about. In the case of purchasing something in a store IT IS WRONG to use Bitcoin directly. Bitcoin is NOT a instant transaction service. Anyone considering accepting 0 or 1 confirms for Bitcoin deserves to get burned. DO NOT DO IT! Do not even consider it. Seriously. Do not!

If a merchant wants instant transactions use one of many commercial services available.

If a merchant wants to use Bitcoin directly then do it right. 6 confirmations minimum!

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June 10, 2015, 04:01:18 PM
 #3049


Happy 3rd Birthday to NastyMining!  With the constantly changing Bitcoin landscape, it is great to be a part of something so solid.

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June 11, 2015, 03:15:40 AM
 #3050

Hey Hey! Glad to be part of it too  Grin Goodjob to all people that work on it!

Quick question, could we had ask and bid on the seat price ?

That could be a nice add-on?


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June 11, 2015, 08:27:09 AM
 #3051

Quick question, could we had ask and bid on the seat price ?

That could be a nice add-on?

This was talked about already.

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June 11, 2015, 01:13:55 PM
 #3052

Ok no probl!  Wink

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June 12, 2015, 03:54:34 AM
 #3053


Happy 3rd Birthday to NastyMining!  With the constantly changing Bitcoin landscape, it is great to be a part of something so solid.


-----------------------------------------------------------------------------------------------------------------------
NastyFans - The Fan Club for Bitcoin Enthusiasts | MININGCOINS | POOL | ESCROW
-----------------------------------------------------------------------------------------------------------------------
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June 12, 2015, 10:26:32 PM
 #3054

Distribution 360647 is complete. nastyfans thanks the donators.

There were some delays because of last minute bugs found in new 5oz minted seat support. Also I accidentally got nastyfans.org stuck between wheezy and jessie and that also took time to sort out and caused a few hours of downtime.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window26 0.00013109 BTC per GH/s (180.7%)
window27 0.00010167 BTC per GH/s (141.0%)
window28 0.00009300 BTC per GH/s (126.6%)
window29 0.00010762 BTC per GH/s (145.5%)

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June 16, 2015, 01:04:11 PM
 #3055

Happy 3rd Birthday NastyFans!!!!!

I'm still alive  Grin
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June 16, 2015, 06:40:45 PM
 #3056

This is the post that I have been eager to make since July 17, 2013.

NastyMining is now 100% debt free!  All lenders have been repaid.

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kroneko
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June 16, 2015, 06:55:52 PM
 #3057

Awesome news!!!
valkir
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June 16, 2015, 07:40:46 PM
 #3058

This is the post that I have been eager to make since July 17, 2013.

NastyMining is now 100% debt free!  All lenders have been repaid.

Great job!  Grin

Now we will only go bigger! Congratz to all of the one that make this possible!

██     Please support sidehack with his new miner project Send to :

1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
nonnakip
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June 19, 2015, 10:44:11 PM
 #3059

Distribution 361669 is complete. nastyfans thanks the donators.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window27 0.00010167 BTC per GH/s (141.0%)
window28 0.00009300 BTC per GH/s (126.6%)
window29 0.00010762 BTC per GH/s (145.5%)
window30 0.00004937 BTC per GH/s (69.1%)

Due to a error in hashrate calculation this window the following NastyPoP miners will receive extra BTC for the next distribution:

146j16ZQb8Eyy386HKowpaosg3MLDNE6pr: 0.00000569 BTC
16nuqjK3o8BejUwMC1CLFfGg9zQRHCXgLQ: 0.00000342 BTC
178UHshQ8LXku8caq178ExTv5qzD9K6Z7u: 0.00000069 BTC
17BfhhsoNSaouxPknAFAYSsKdZ3fVNaCZV: 0.00000965 BTC
1AzMGCT1fSPZKx1tCoRUuUCgGqc3TXqPwA: 0.00013137 BTC
1CVFuGmhMfQJ5hTyYe8fWtKPKNWVpNe8dE: 0.00000098 BTC
1EgugVLUorsrffTxvBj1GQfhWJFbJPwfAL: 0.00000150 BTC
1Jzxy7jKJ4zKWxZ635UUXKhk4oUwGdVA89: 0.00000052 BTC
1MyUMNvuuyNHH6DQcidUibZagMkMwhJY6n: 0.00000468 BTC
1PuDcV61BJdnG9nL7Q53Mj51p8wB9K6xsx: 0.00000308 BTC

boomertoo
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June 21, 2015, 12:14:58 PM
 #3060

This is the post that I have been eager to make since July 17, 2013.

NastyMining is now 100% debt free!  All lenders have been repaid.

Way to go!!!!

1G3GHKcr3C5XiHVPZ9i4EQ6Zshv8E1UEdf
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