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Showing 20 of 28 results by Stone Man
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Board Bitcoin Technical Support
Re: I can't get bitcoind (headless client) to run on windows 7
by
Stone Man
on 29/09/2010, 16:09:02 UTC
Thanks! That's what it was. I just had to have another command window open and type my follow-up commands from there. Do you know if there is a plan to fix this bug. It is not that important just a little anoying.
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Topic
Board Bitcoin Technical Support
I can't get bitcoind (headless client) to run on windows 7
by
Stone Man
on 29/09/2010, 04:39:16 UTC
I searched the posts but could not find anything on this. Sorry if I missed it because this seems like a problem somebody else would have had by now.

I have several linux machines and they all let the daemon run just fine but now trying it with windows I am getting stuck. I get the message: "bitcoin server starting"
Then the prompt just flashes my cursor. When I hit enter or type any commands like "bitcoind help" the keystrokes are stacked up and executed only when I break out of bitcoind with a ctrl+c.

I know I am getting part way there because before I put the rpcpassword=... in the bitcoin.conf file I got the message about that.
Also I know there is some network activity because my firewall comes up and askes if I want to let bitcoind work on private or public networks. I have let communicate on public which is how i am connected.

I even went so far as to hexedit the bitcoin.conf file and remove the crlf characters at the end of the file just in case that was needed to make it like the linux version that works.

I have 3 windows 7 machines and have the same trouble on all of them.
Has anyone run into this?


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Topic
Board Bitcoin Technical Support
Re: Lost large number of bitcoins
by
Stone Man
on 11/08/2010, 01:10:43 UTC
Oh, man. Why did you send the 1? Were you just testing to see how the backup worked? Why with so many coins?

That sucks.

Actually, the sad part was I wasn't even testing the wallet backup when this happened. I was trying to watch when the network should have confirmed a payment to a website that takes bitcoins by paying myself 1 coin at about the same time. I never dreamed it could compromise my whole balance, especially since I was sending to myself.

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Topic
Board Bitcoin Technical Support
Re: Lost large number of bitcoins
by
Stone Man
on 11/08/2010, 00:20:40 UTC

It sounds like you have wallet.dat that contains the private keys for Address1 and Address2, but not Address3.
(Although the numbers in your story don't add up.)
What were the Bitcoin addresses? (If we know these we can do some more in-depth block chain research)

Address1: 157PiPgqphedUvrco3mKU3Xoof7yzhj9pW
Address2: 157PiPgqphedUvrco3mKU3Xoof7yzhj9pW
Address3: 167ZWTT8n6s4ya8cGjqNNQjDwDGY31vmHg
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Topic
Board Bitcoin Technical Support
Re: Lost large number of bitcoins
by
Stone Man
on 11/08/2010, 00:08:19 UTC
Do you still have the wallet.dat that once "contained" the 9000 BTC? I might be able to help you.

Yes, I do.

I saw on another thread that gavinanderson has made some tools to do more in depth research but did not know how to proceed.

If you could point me in the right direction I would greatly appreciate it.
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Topic
Board Bitcoin Technical Support
Merits 10 from 2 users
Topic OP
Lost large number of bitcoins
by
Stone Man
on 10/08/2010, 23:15:16 UTC
⭐ Merited by LoyceV (8) ,vapourminer (2)
Here are the details.

1) Bought 9,000 BTC on one of the exchanges over time.
2) Transferred them to my client running on a linux live CD distro of Debian.
3) Backed up the wallet file to a flash drive.
4) Sent 1 BTC to myself
5) Closed client before any confirmations
6) Shut down system (wiped system disk loaded into memory and therefore the ./bitcoin folder
7) Loaded system back up
Cool Copied old wallet.dat file into ./bitcoin folder
9) After some confirmations appeared the balance was 1 BTC and there was a transaction saying I spent 8,900 BTC to an address I did not recognize
10) I read on the forum threads that people have had problems like this but it seemed only when they were trying to double-spend by sending coins to another address and reloading an old wallet file


Is there anything I can do?

I do have the address that the 8,900 were supposedly sent to but the old wallet file is gone for good.

Thanks,
Stone Man
Post
Topic
Board Exchanges
Re: New Bitcoin Exchange
by
Stone Man
on 20/07/2010, 16:07:59 UTC
When I buy or sell coins I get the message:
"Your entire order can't be filled at that price. What remains is stored in your open orders."
Then when I look at my order, none of it has been filled.

If there are really no offers on the market I would like to see that.
Also it would be nice to see how much volume is available to buy or sell at a given price before buying or selling.

Thanks for putting up another exchange, I like bitcoinmarket but competition is always healthy.
I think there are several advantages to your site even with the transaction fee that give the traders more opportunities.

One thing I really like is that you have an account in dollars so I don't have to make a lot of paypal trades. Paypal gets kind of suspicious of this.
Another plus is the default prices taken directly from the market. This reduces errors in order submission.
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Topic
Board Marketplace
Re: List of honest traders.
by
Stone Man
on 20/07/2010, 15:29:23 UTC
  • The MadHatter
  • bitcoin2paysafe
  • link2voip
  • bitcoinfx
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Topic
Board Trading Discussion
Re: What is needed in an auction site.
by
Stone Man
on 18/07/2010, 02:07:38 UTC
The value of BTC has risen a lot in the few days I've been here. I notice lots of prices that are high now because people aren't used to adjusting downward quickly. Obviously the increase in value will slow down, but in a longish auction you might end up getting bids in the beginning and then no more because the BTC are more deal at the end of the auction than they were at the beginning. I'm not really saying much here, just that I'd expect people to prefer short auction lengths. Of course not too short because you want enough people to see it before it goes offline.

This is true. What I would like to see is a listing service like http://www.craigslist.org/about/sites with a feedback system like ebay.
The prices could be listed in National currencies and then the payment accepted via bitcoins at the current market rate. This way some one could immediately turn them back into the cash they are used to using until BTC becomes more widely accepted.
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Topic
Board Economics
Re: Calculating Bitcoin Value...
by
Stone Man
on 16/07/2010, 19:41:18 UTC
I have heard of Ludwig Von Mises as one of the founders of Austrian economics but only as other people have referenced his work. I should check out the site. It sounds like something I would agree with.
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Topic
Board Bitcoin Discussion
Re: The dollar cost of bitmining energy
by
Stone Man
on 16/07/2010, 19:28:19 UTC
...
If I generate an average of 13 blocks a month at the current difficulty, BTC 650, that puts my cost at about US$0.005/BTC.

In short, I'm better off buying BTC from the exchange than generating them on this particular machine.  Food for thought.

I like the graph too. I have been wondering just how much our processors use and this looks like the closest estimate.

Also, I am a bit confused. Last I checked the market rate was about $0.08 so it would be a lot cheaper to generate your own than buy them even now with an increased difficulty at $0.02/BTC it is still 4 times cheaper than the exchange.

I am going to have to recheck my numbers because I thought I was spending about $0.072 to generate mine.

Thanks,
Post
Topic
Board Economics
Re: Calculating Bitcoin Value...
by
Stone Man
on 16/07/2010, 18:57:15 UTC
It has been said that the economy is more like an organism than a machine. I agree with this. An organism grows and adapts to its environment but does not do well in restricted environments. It is impossible to calculate what a few billion people will do next year. Each has free will and can complicate the picture.

Just to clarify, for me the value of bitcoins is at least what I have to pay to get them. This may not be true for someone else who does not really want to use them and is only trading for investment purposes. I am trading to get enough value to actually use the system as intended as an anonymous payment method. Most items I would want to buy, like digital gold, are expensive and I need a lot of money transferred to bitcoins to do it.

Just in case this is helpful to anyone else who is in my same position I would like to share what the current value is to me.

As of right now, the difficulty to generate has gone up 4x since my last entry where I listed the value at $0.018.
Therefore I am willing to pay $0.072 and have been doing just that on the exchange.
Apparently there are lots of other people who feel the same way because the ask price is now up to $0.084.

Edit:
I saw some new information on electricity consumption that looks quite a bit more accurate than what I had:
http://bitcointalk.org/index.php?topic=403.msg3574;topicseen#msg3574
I may need to revise my figures.
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Topic
Board Marketplace
Re: New exchange (Bitcoin Market)
by
Stone Man
on 15/07/2010, 18:47:44 UTC
It looks like the Alexa site rank has broken the 400,000 barrier.
http://www.alexa.com/search?q=https%3A%2F%2Fwww.bitcoinmarket.com%2F&r=site_screener&p=bigtop

Just for comparison, one of the leading websites for talk radio in my area is only at 600,000 and they charge $5,000 / ad on their site.

It looks like your hard work is going to pay off!
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Topic
Board Economics
Re: Calculating Bitcoin Value...
by
Stone Man
on 14/07/2010, 22:17:39 UTC
I added a new answer to the FAQ about the value of Bitcoin.

Quote
Bitcoin has value because it is accepted as payment by many. The initial market value was achieved when people speculated, that because of its properties, the currency would be accepted by others later on.

When we say that a currency is backed up by gold, we mean that there's a promise in place that you can exchange the currency for gold. In a sense, you could say that Bitcoin is "backed up" by the price tags of merchants and currency exchangers – a price tag is a promise to exchange goods for a specified amount of currency. Of course, price tags may or may not be as long-term promises as those made by central banks or governments.

It's a common misconception that Bitcoins gain their value from the cost of electricity required to generate them. Cost doesn't equal value – hiring 1,000 men to shovel a big hole in the ground may be costly, but not valuable. Also, even though scarcity is a critical requirement for a currency to be useful, it alone doesn't make anything valuable. Your fingerprints are scarce, but that doesn't mean they have any exchange value.

Would you say that like any fiat currency the bitcoin is generally worth at least what it cost to make it?
Even in times of massive inflation, paper money can still be burned. Obviously it is usually worth much more based on market demand but the lowest value it should command is that which was expended for its creation.
Post
Topic
Board Marketplace
Re: World's SECOND Bitcoin lottery, Slashdot edition, this time stock markets!
by
Stone Man
on 14/07/2010, 15:23:17 UTC
You can't, read the rules:

Rules:
  • 5 lots per person maximum, any cheaters will have all of their lots taken away and will be banished from the next games.

Sorry I missed that part.
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Topic
Board Bitcoin Discussion
Re: Future 'Generate Coins' Motivation
by
Stone Man
on 14/07/2010, 15:20:42 UTC
Here is a good explanation of the fee scale

http://bitcointalk.org/index.php?topic=141.0

Internally, bitcoins are bundled into packs of 50.00 or however many get sent over the network. Bitcoins usually have to be re-bundled each time they get sent. If a certain very large number of bitcoin bundles have to be re-bundled, there is a very small fee which the sender has to pay. The fee goes to the bitcoin client (yours in this case) which verifies the large re-bundling. It's not a well known behavior and I hope that future versions will display a warning or confirmation before such a fee is charged.

There is a post somewhere with more specific details. I'll look for it for a few minutes and I'll edit this post if I happen to find it. As always, the source code, which is open source, will reveal the exact behavior. I haven't examined the code and my description of the behavior is based on my poor memory, so it might not be exactly correct.

Edit: Here's the explanation I mentioned. It seems that if more than 500 bundles of bitcoins are re-bundled, there's roughly a 0.002% fee. So during that ten minute period, one or more people each re-bundled 500 bundles of bitcoins, totaling roughly 132,000 bitcoins.

Since the sender pays the fee, I'd like to know what happens when a person sends all their bitcoins. I would expect that if there weren't enough bitcoins to cover the fee, then the amount of the fee which can not be paid would be subtracted from the payment. If this is not the case, then the fee could be avoided by sending all your coins to yourself before sending a large payment.
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Topic
Board Marketplace
Re: World's SECOND Bitcoin lottery, Slashdot edition, this time stock markets!
by
Stone Man
on 14/07/2010, 08:15:11 UTC
Sounds good, I will buy the 100 entries that begin with 7.
In other words 7,00 to 7,99
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Topic
Board Bitcoin Discussion
Re: Post Your Hash/Sec and Hardware
by
Stone Man
on 14/07/2010, 08:09:04 UTC
Here is my set up.

Windows 7 64-bit
Intel Core 2 Duo P7450
2 cores
2.13 GHz
3 GB RAM
749 khashs/sec
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Topic
Board Bitcoin Discussion
Re: They want to delete the Wikipedia article
by
Stone Man
on 14/07/2010, 07:57:43 UTC
Thanks for the heads up. I added a section titled "Recent appearance in the news."
Post
Topic
Board Bitcoin Discussion
Re: usefulness of the work performed?
by
Stone Man
on 14/07/2010, 07:16:36 UTC
This thread seems to apply here.

http://bitcointalk.org/index.php?topic=203.0

AFAIK, there are no "useful" computational problems that have the properties necessary to be used as a proof-of-work.  

The hash function is used because it is irreversible, easily checkable, small in size, and probably some other things I'm forgetting.  Even if you could, for example, encode the transactions as a polypeptide (chain of amino acids), and then made folding the polypeptide into a protein the proof-of-work, such a proof-of-work could not be checked without redoing the entire computation.

Even if you could come up with a suitable problem, due to the economics of BC you would never actually generate any additional value by using a "useful" problem.