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Showing 8 of 8 results by kd5zgl
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
It's pretty obvious at this point money cannot exist without some central trust.
Day in and day out watching crypto makes it pretty clear now.
If someone finds a better way... go invent it - be my guest.
Day in and day out watching crypto makes it pretty clear now.
If someone finds a better way... go invent it - be my guest.
Decentralized (peer-to-peer) exchanges are the way forward. Would be awesome if VRC devs could implement this.
+1. Trust the group, not the boss.
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
here's the problem with a rollback: You sell me 100 oz. of GOLD, not fiat, not bitcoin, not pork bellies (tho the pork bellies wld be same as Au) for an equivalent amount of VRC.
You and I agree that VRC has value, so we agree to the exchange, I send you VRC, you ship me gold coins.
A bad man steals many VRC from MintPal. Blockchain gets rolled back. I get my VRC back.
*But I Still Have Your Gold.*
You and I agree that VRC has value, so we agree to the exchange, I send you VRC, you ship me gold coins.
A bad man steals many VRC from MintPal. Blockchain gets rolled back. I get my VRC back.
*But I Still Have Your Gold.*
No. When you get the money from the rollback then you pay the guy who sold you the gold. Unless you want a broken knee cap.
If I'm honest, yes. If I'm Gordon Gekko, no. You see, I've had the gold shipped to a drop box under a false name. My point is this: there is no way to remove the intrinsic value of the gold. That's hard-coded into its atoms. In my view, a big part of the intrinsic value of cryptocurrency is the finality of the transaction, even when someone has made a mistake. Honest people will always try to do the right thing. Dishonest people, not so much.
Also, moving forward, and this applies to *every* coin: Who decides when to roll the chain back? The Chairman of the Federal Reserve of (fill_In_the_blank)coin?
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
here's the problem with a rollback: You sell me 100 oz. of GOLD, not fiat, not bitcoin, not pork bellies (tho the pork bellies wld be same as Au) for an equivalent amount of VRC.
You and I agree that VRC has value, so we agree to the exchange, I send you VRC, you ship me gold coins.
A bad man steals many VRC from MintPal. Blockchain gets rolled back. I get my VRC back.
*But I Still Have Your Gold.*
You and I agree that VRC has value, so we agree to the exchange, I send you VRC, you ship me gold coins.
A bad man steals many VRC from MintPal. Blockchain gets rolled back. I get my VRC back.
*But I Still Have Your Gold.*
N00b question and a comment: Now that I have the entire blockchain downloaded and verified on my Windows box, can I simply shoot it over to a Linux box (under the Linux bitcoin core software, of course) to get a jump on things, or do I have to download/verify it separately there? Are the blockchain data file formats the same? thanx.
After the past few weeks running Windows 8.1 (NTFS) and Ubuntu 14.04 (ext4), both for the first time, doing some of the same disk intensive tasks, I can virtually guarantee that the Linux filesystem is enormously faster and more efficient. Good luck with your experiments!
Maybe I might start liking the UTXO and stuff and disliking Windows instead (the client is running on Windows). I now remember that Windows is doing pretty crappy job at managing the disk and the files on it. Once I find the time for this, I will try to run the thing on (modern) Linux and see what happens.
After the past few weeks running Windows 8.1 (NTFS) and Ubuntu 14.04 (ext4), both for the first time, doing some of the same disk intensive tasks, I can virtually guarantee that the Linux filesystem is enormously faster and more efficient. Good luck with your experiments!
Hi All,
I am new to bitcoin, new to bitcointalk and to cryptocurrency in general, so let me apologize in advance if this info appears elsewhere.
I had the slow blockchain update problem (fast computer, high bandwidth connection) and then I noticed something, maybe nothing, hope it helps:
Try opening Bitcoin Core, go to Help / Debug Window / Network Traffic. When Core is first opened, it updates like crazy. After about fifteen minutes the network traffic drops to almost nada. This is when my node seems "stuck". All I have to do is exit Core, restart it, and as soon as it has active connection it starts updating like gangbusters again. Had to do this several times to get the whole blockchain, but it was worth it. Maybe it will work for some other folks, hope so.
I'm running v0.9.2.1-g354c0f3-beta (64-bit) on Win8.1, I also have an Ubuntu 14.04 box that runs pretty much 24/7 and I'd like to run a fulltime nodes on it, partly because of the concerns voiced by Mike and others regarding the dwindling number of nodes and how that affects the decentralized nature of bitcoin. It seems like a damn good idea, bitcoin, and I plan to hang on for as long as the Powers That Be allow me to.
Cheers, and Hope This Helps.
I am new to bitcoin, new to bitcointalk and to cryptocurrency in general, so let me apologize in advance if this info appears elsewhere.
I had the slow blockchain update problem (fast computer, high bandwidth connection) and then I noticed something, maybe nothing, hope it helps:
Try opening Bitcoin Core, go to Help / Debug Window / Network Traffic. When Core is first opened, it updates like crazy. After about fifteen minutes the network traffic drops to almost nada. This is when my node seems "stuck". All I have to do is exit Core, restart it, and as soon as it has active connection it starts updating like gangbusters again. Had to do this several times to get the whole blockchain, but it was worth it. Maybe it will work for some other folks, hope so.
I'm running v0.9.2.1-g354c0f3-beta (64-bit) on Win8.1, I also have an Ubuntu 14.04 box that runs pretty much 24/7 and I'd like to run a fulltime nodes on it, partly because of the concerns voiced by Mike and others regarding the dwindling number of nodes and how that affects the decentralized nature of bitcoin. It seems like a damn good idea, bitcoin, and I plan to hang on for as long as the Powers That Be allow me to.
Cheers, and Hope This Helps.