There was definite well thought out jokes, i definitely laughed at some points, if i was to offer critique i would suggest make it very quick and punchy (it was but make it even harder/faster hitting) take out non essential sentences, gaps and maybe quick "flip" the screen between topics - 1 time i wasnt sure we'd moved onto next news head line.

I wish there was more interesting stuff, everything I've seen was rather dry.

Not enough bitcoin vids on youtube, many more should be making the odd vid its a great way to spread the word.

I saw the flipside episode btw, pretty decent good job

If Mike actually said that he's confused (and heck, floating fees isn't even a protocol thing— it's wallet behavior).

And what business model do you think they have?

I've started already! https://bitwasp.co/block_hashrate.php

So basically, I'm doing as I described above.. Get pools % hashrate, determine based on their hashrate how many blocks deep a transaction must be so that pool to have less than 1% probability of producing a greater difficulty chain..


code's here if that's any use to you, PHP: https://gist.github.com/afk11/bbd9657b91e9a68d054f

Time is irrelevant.

The timestamp in blocks can be interfered with, so what happens if someone puts a block 20m forward in time? Would this cause your app to trust all transactions for the next 10 minutes? As DeathByTaxes said, confirmations are where it counts. Satoshi's whitepaper has C++ code to determine the % likelyhood of an attacker being able to orphan a transaction with n confirmations by producing a chain with greater difficulty than the present one.. You need to wait 3 confirmations for ~99% certainty the chain wont be orphaned (if the attacker controls 10% of the hashrate - 15 confirmations if they control 30!)

So this could be exactly what you need Given a hashrate that you get from blockchain, continue calculating the percentage likelyhood an attacker can orphan a transaction X blocks deep, and stop when your probability is 0.01 - X is now the number of confirmations needed or 99% certainty.

Multiply this by the current average block time (from blockchain) and you have your answer.

3. Mining difficulty will increase, but unlike in the past year,  ASIC technology will not keep up with the demand for new bitcoins.   The new THs miners when they finally appear in late spring will be lucky to generate .5 BTC/day after a few months.   I think the mining technology curve is flattening out which will only slow the increase of supply which will in turn drive bitcoin prices up.

I think hes talking about the fact that shares are being sent back to the company and that theres a chance that the company could just take off with them...I have this same concern and I havent sent shares for the same reason (although I trust ken to follow through on his promise)

Don't be nervous sweetie, it's monopoly money

Klondikes have been shipped, should be hashing in about 5 days.

We will be using the Bitfunder transaction logs and asset list from Bitfunder.  Investors will need to be able to sign the Bitcoin address in their Bitfunder account at a later date.