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Showing 20 of 46 results by btcbobby
Were you trying to mine with your laptops CPU?!?
Really, devs need to pull CPU miners from the repositories, or at least have them display a huge warning when launched. Too many people are hearing still hearing about Bitcoin for the first time and attempting to fire up CPU and GPU miners in search of free money.
Really, devs need to pull CPU miners from the repositories, or at least have them display a huge warning when launched. Too many people are hearing still hearing about Bitcoin for the first time and attempting to fire up CPU and GPU miners in search of free money.
You should try posting in the "Services" section. There are some folks over there that could help you.
Are there any faucets To be found in the open source arena?
Have you paid attention to all the drama involved in increasing bitcoins blocksuze? Imagine that times 1000 if you suggest changes to the hashing process.
No. For one, while the core and protocol are likely ready, or will be once the blocksize increases, applications need to be created that simplify the experience for end users.
Which gets to point two: even if/when the protocol and attendant apps are all polished and ready for the nainstream, people will need to be efucTed/re educated about the pitfalls, the differences between btc and fiat, security, etc. otherwise the transition from fiat to btc will end up resulting in large scale thefts and losses.
Which gets to point two: even if/when the protocol and attendant apps are all polished and ready for the nainstream, people will need to be efucTed/re educated about the pitfalls, the differences between btc and fiat, security, etc. otherwise the transition from fiat to btc will end up resulting in large scale thefts and losses.
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins
Once again, it's not a matter of "better technology". It doesn't matter how fast the computers they have are. It doesn't matter how many computers they have. They could go 10,000 years into the future, steal all the computers on Earth, and bring them back in time to the beginning of the Universe, then run them nonstop trying to crack a single private key. They could run them while the early galaxies form, run them while our star is born, while the Earth congeals, while life begins, and until they again reach today. They would fail.
Brute force will never. Ever. Ever. EVER. crack a 256 bit key. No matter what.
Umm, if someone can zip 10.000 years into the future, then pop up at the dawn of time, I doubt they'Ed have any interest in any encryption key. Just saying!
Ultimately, the numbers were likely arbitrarily chosen. When satoshi first developed Bitcoin, there weren't prior examples to look at and see how different settings affected each coin. Nor were there enough users or miners to make it worth while to play with one setting and then another. Basically, to push Bitcoin forwRs he had to decide on values for those settings and what you're looking at is the result
I'd rally be curious, if he had to do it all over again, knowing what he knows now, what, if any, changes or adjustments would he have made? I know there is a huge contingent that thinks tha satoshi is basically anxiety, couldn't have gotten anything wrong, and therefore thinks the code and settings are perfect as-is, so such things are never discussed here, which is why I wish we could ask satoshi himself.
I'd rally be curious, if he had to do it all over again, knowing what he knows now, what, if any, changes or adjustments would he have made? I know there is a huge contingent that thinks tha satoshi is basically anxiety, couldn't have gotten anything wrong, and therefore thinks the code and settings are perfect as-is, so such things are never discussed here, which is why I wish we could ask satoshi himself.
A) it is far easier to mine a block of Bitcoin than it is to randomly generated a valid private key. Unless the Chinese team thinks they know something that could help them with a shortcut, thinking that the PRNG in sayishis computer was flawed somehow.
B) knowing that it's far easier to mine a block than it is to guess a key, and realizing that sayishis coins haven't been consolidated in anyway, why devote that much computer power for a 50Btc reward (the amount in any of satishis addresses), why waste the energy when that same compute power could be used to generate far more than 50Btc?
C) assuming the go ahead and mine one of satoshis addreses, then there goes Bitcoin. If one if his the private key for a random address can be recovered somehos, then that would mean that none of our coins are safe. Don't get me wrong, if it's possible to do Then absolutely they should do it, just so the fault they're working off of or discover becomes well known, giving everyone the chance to jump ship, rather than take such an invention and use it for nefarious purposes.
Overall, on a threat scale of 1-10, I'd rate this minus 10.
B) knowing that it's far easier to mine a block than it is to guess a key, and realizing that sayishis coins haven't been consolidated in anyway, why devote that much computer power for a 50Btc reward (the amount in any of satishis addresses), why waste the energy when that same compute power could be used to generate far more than 50Btc?
C) assuming the go ahead and mine one of satoshis addreses, then there goes Bitcoin. If one if his the private key for a random address can be recovered somehos, then that would mean that none of our coins are safe. Don't get me wrong, if it's possible to do Then absolutely they should do it, just so the fault they're working off of or discover becomes well known, giving everyone the chance to jump ship, rather than take such an invention and use it for nefarious purposes.
Overall, on a threat scale of 1-10, I'd rate this minus 10.
Cloud mining companies have costs just like you or I. I for one would be even more wary of a service that didn't have expenses like electricity being passed out to customers. Of course, the whole cloud mining scene in general seems extremely sketchy at this point. A few bad apples ruining everything.
Re: middleman... i try to find products for you that you can't find yourself
I read all the things and for this you want the buyer to send the payment first so you can make the payment to the seller and you take 2% comission . ? i bet no one will do that , if you can use escrow , also we have to pay shipping fees?
Paying shipping doesn't seem absurd. You'd have to pay snyways, breaking it out separately makes it easier to make an apples to apples comparison. Now, as to the fitness of service, that's a whole other question
Why is it always a conspiracy? Flip a quarter 100 million times, you'll eventually get heads 100 times in a row. Now flaw in the quarter, just as it's not a flaw that a few blocks get solved in a short period.
Re: Remove Satoshi as Founding Member, Says Bitcoin Foundation Director
Why not leave him on as an honorary member? Just like universities give honorary degrees to people who never attended but who's work in real life the university wants to acknowledge?
The truth is, if everyone use bitcoin to save for retirement, then bitcoin will rise to at least millions per coin, thus make that pension plan a huge success, it is just a matter of time before major institutions start to dive in. Currently lots of private person already started to do private long term savings using bitcoin
For 5 years performance, bitcoin beats every single investment in human history when it comes to risk adjusted return: With a 1% risk you get 100% return. And typically for a successful investment, with 1% risk you get 3% return. So from the view of a pension fund (they typically measure 10+ years performance of any investment), this is the top choice, just need regulation to be in place
For 5 years performance, bitcoin beats every single investment in human history when it comes to risk adjusted return: With a 1% risk you get 100% return. And typically for a successful investment, with 1% risk you get 3% return. So from the view of a pension fund (they typically measure 10+ years performance of any investment), this is the top choice, just need regulation to be in place
Lol. You're funny.
Citing 5 year returns makes things look marvelous, never mind that barely anyone on this forum was here back then, and the huge returns you cite were only achievable because Bitcoin started from nothing, where even rising in price to a dollar a coin would yield phenomenal returns statistics. Plus, by zooming out to 5 years, you get to pretend that bitcoins on an ever increasing upward trajectory,and that its been a phenomenal investment year in and year out. Never mind the last 16 or so months,never mind thAt BTC was at the absolute bottom of investment results last year.
But yeah, somehow thee entire world is going to hop into BTC, I'm sure...
I can understand not revealing the name of the company, but you can't even name the country it whose citizens it serves? Not all citizens, mind you, but people who live in Country X and work for Company Y... Kind of hard to come up with ideas without knowing what frameworks it has to operate with