I tell friends that one of the coolest things about Bitcoin is, even if you don't use them yourself, is that it makes people as questions about all currencies. Yes in a land where we use silver coins, you can get tipped over in a boat and loose your silver in the bay. People loose a small amount of silver all the time and the holders and users of silver will have their silver go up microscopically in value. There is no Bitcoin conspiracy, it works like digital cash. There is nothing new here.
BTW Other questions that get asked: Q: Is bitcoin backed by gold or silver certificates? A: No and virtually no other currency you use is. Backed currencies have a high storage cost.
Q: Didn't someone hack into someones computer and steal their bitcoins? A: I worked at a large bank in their engineering department. We were aware that hackers from Russia and other places were initially successful in stealing millions of USD from Citibank and other big banks, but these banks hushed it up in the press. Bitcoin lacks a good public relations department.
Q: Can't (or hasn't) someone use it for buying illegal things like drugs? A: Over a billion dollars in USD is used every year for buying illegal things. Drug dealers on the corner in the bad part of down don't take Bitcoins, only USD.
Nice list, will use is next time someone doesn't understands why I'm using bitcoins
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BoardBitcoin Discussion
Re: Someone keeps sending me BTC - what do?
by
XIU
on 20/07/2011, 10:42:56 UTC
You can always send them to me if you don't want them, there is not really a way to know where they came from (as in a specific person)
First is that it's Windows-only. I'd love something like this, but I'm not using Windows and I have no plans to start.
Second is that I could not find any source code. How can we be sure that this program will not steal a user's wallet.dat?
I've downloaded the installer-free version, it's a .NET 2.0 applications (using forms, so it might work on mono) and no sign of any code that would steal a wallet in the version I checked
Sort of. But you don't really need to "Make offline payment" You just to a traditional payment, but since the client is disconnected from the network you need to transfer it's content by other means, not via a network. And then "Publish offline payment" - sound like a catchy term
Yeah, the make offline payment would give you the export directly.
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BoardDevelopment & Technical Discussion
Re: Is there an import/export transaction patch?
by
XIU
on 18/07/2011, 13:16:23 UTC
Nice work, so the thing we want eventually is an "Make offline payment" (aka export the transaction), then on another wallet/client "Publish offline payment" (aka import transaction and rebroadcast)
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BoardBeginners & Help
Re: Bit train game, newbie edition! Get 0.07 BTC for nothing
by
XIU
on 15/07/2011, 15:24:06 UTC
tissue
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BoardBeginners & Help
Re: Bit train game, newbie edition! Get 0.07 BTC for nothing
I've never even noticed this! Assumed you were talking about the SHA256 one. I'm still going to assume it's faster for all the same reasons minus the P/Invoke.
Don't forget that on WinXP (yeah lol) only the Managed one is supported. We use the following code in our systems:
var sha256provider = Environment.OSVersion.Version.Major >= 6 ? new SHA256CryptoServiceProvider() : SHA256.Create();
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BoardBitcoin Discussion
Re: Witch Bitcoin Symbol? EVERYONE VOTE AND USE!!!
by
XIU
on 15/07/2011, 15:08:43 UTC
൫ is pretty cool yeah
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BoardGoods
Re: [Contest] Design A BitBrew Shirt, Win Prizes!
by
XIU
on 14/07/2011, 16:01:56 UTC
Something like coffee art with a Bitcoin symbol drawn in it would be cool, too bad I can't design
I think I really don't get how staying on 1 pool that has a large share can cause problems.
I'll ask that someone who's more knowledgeable than me tell me the problems in an easy to understand way.I've read th ecomments here but some it seems to be hearsay (I'm not sure if it's true or just an unfounded fear that some ppl have).
My questions are: 1.How does mining on 1 pool that has 50% or more share cause problems for hte BTC currency if any? 2.If the service provided by the pool with the majority hares is very good,why should people switch to pools that have a smaller share possibly due to a possible lower standard of service for its members? 3.I don't know the share for my pool bitcoins.lc.If that's too large and it's causing problems then I won't mind moving pools. 4.If I join a pool with very few members,will I get a bigger slice of the pie with my current hash power of 400MHash/s or do I always get the amount based on my hashpower,size of pool,size of payout minus fees?
because I typically get about 0.25BTC in 14-17 hrs on bitcoins.lc so If I joined a smaller pool will I get more for the same hashpower because of the far fewer members?
Thank you.
In theory it doesn't matter which pool you join (except for the obvious difference in fees) because they all work together for a "global" solution, so let's say that there are 1000 shares/users and 1 of them has the solution, where deepbit did 500, some other pool did 250 etc. Each user still had 0.1% to find the solution.
For the 50% problem, Bitcoin is based on the fact that the largest block chain determines the "real" chain, if you have 50% or more of the generation power you could create a fake chain faster then all the other miners.