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Showing 20 of 151 results by kerogre256
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Topic
Board Bitcoin Discussion
scan.co.uk accept bitcoin !!!!
by
kerogre256
on 12/02/2014, 23:04:48 UTC
 Shocked scan.co.uk one of the biggest uk electronics selling web page  quiet start accepting bitcoin ...
Post
Topic
Board Development & Technical Discussion
Re: Maximum number of Bitcoins (21million)
by
kerogre256
on 10/02/2014, 16:52:14 UTC
The amount of the Bitcoins that are being generated is very linear. So it should be possible to calculate when we will reach the maximum 21 million BTC to be in circulation.
Did anyone calculate this yet? When will the last Bitcoin be mined?

It's not linear, it's curved. It's 2140 when the last bitcoin can be earned! And each coin has 8 decimal places so there are 2.1 Quadrillion Satoshi currency units!
So this is not linear for you?
https://blockchain.info/charts/total-bitcoins
lol man just read legend under chart
Post
Topic
Board Press
Re: 2014-01-23 Bloomberg: Lew calls bitcoin place to hide shares Dimon's Incredulity
by
kerogre256
on 24/01/2014, 12:08:35 UTC
Also, lol at the terrorism FUD. So discrediting...

A good friend of mine has a theory of how we use "negative entropy" sources to help us more easily get things done.  An example of a "negative entropy" source are words that create a strong emotional response, like "terrorism." 

His theory is that we will use these words (negentropy) to dump entropy into until we've extracted all of the useful work from that source.  At this point, these words actually begin to have the opposite effect on the public as they once did. 

I think we are nearing that point already.  Whenever I hear "terrorist," "drugs," "money laundering," or "child porn" my instant emotional response is against the person who is trying to use these words to advance their agenda. 
This is interesting because I react exactly the same when person use "terrorist," "drugs," "money laundering," or "child porn" in debate or as argument for something, person lose for me all credibility straight away.
Post
Topic
Board Bitcoin Discussion
Re: Trading Bitcoin without risking a fortune
by
kerogre256
on 21/01/2014, 11:28:37 UTC
This is fastest way to lose the money, you will have no money and no bitcoin. Don't touch spread betting you will always be on lose position, gambling is more profitable then spread  betting.
Post
Topic
Board Armory
Re: Armory - Discussion Thread
by
kerogre256
on 04/12/2013, 15:19:11 UTC
It's possible you ran into a n² computation issue rather than actual corruption. If it happens next time, give it 30 minutes and see if it completes.

As for the scanning, how many wallets do you use at the same time and do you use imported private keys? These could be the cause of the multiple transaction scans.

 I have only 2 wallets, keys were not imported.
Post
Topic
Board Armory
Re: Armory - Discussion Thread
by
kerogre256
on 04/12/2013, 14:07:09 UTC
Kerogore,

Is Armory crashing every time you type in your password?  We have a known wallet corruption problem, but it's easy to fix if you have a backup.  If not we, can also perform a recovery of the wallet file, which is usually successful.

See the following page for more info ("Armory crashes every time I type in my password"):

https://bitcoinarmory.com/download/troubleshooting/
I installed 90.-beta version and encrypted wallet, after that was not able send any bitcoin armory client crash, I unencrypted wallet and try it again, 90.-beta crash again, i re-installed version 89.14-beta was able send bitcoin, I encrypted wallet again and after thad armory crash (89.14-beta) when I try send bitcoin, I unencrypted wallet and now was able send it again, I dont know what to do now. Can wallet by corrupted to the point then i will not able recovery private key or print copy of offline wallet ?

Was Armory crashing (as in closes on its own) or hanging (stopped responding but didn't close itself)? If you can access your wallet I strongly suggest you create a paper backup for now. You can then write down your experience (with as much details as possible) to contact@bitcoinarmory.com
It "stopped responding but didn't close itself" windows notification(Application is not responding Close/Wait I did close) I notice also transaction scanig behave strange, sometime it start scan transaction show 1% scaned jump to 99% back to 1% and again 99% and then 100% and its take only 1-2 minutes oposit to assume "normal" scanig abaut 10min.
Post
Topic
Board Armory
Re: Armory - Discussion Thread
by
kerogre256
on 04/12/2013, 13:10:40 UTC
Kerogore,

Is Armory crashing every time you type in your password?  We have a known wallet corruption problem, but it's easy to fix if you have a backup.  If not we, can also perform a recovery of the wallet file, which is usually successful.

See the following page for more info ("Armory crashes every time I type in my password"):

https://bitcoinarmory.com/download/troubleshooting/
I installed 90.-beta version and encrypted wallet, after that was not able send any bitcoin armory client crash, I unencrypted wallet and try it again, 90.-beta crash again, i re-installed version 89.14-beta was able send bitcoin, I encrypted wallet again and after thad armory crash (89.14-beta) when I try send bitcoin, I unencrypted wallet and now was able send it again, I dont know what to do now. Can wallet by corrupted to the point then i will not able recovery private key or print copy of offline wallet ?
Post
Topic
Board Armory
Re: Armory - Discussion Thread
by
kerogre256
on 30/11/2013, 22:31:56 UTC
Armory is very unstable, (Windows 7 64 bit 4GB) anything except 89.99.14-beta crashing every time I want to send bitcoin, and what is purpose of transaction scanning and why it take so long??? I  like offline wallet but how much unstable it is  scary.
Post
Topic
Board Armory
Topic OP
Armory crashing
by
kerogre256
on 30/11/2013, 22:00:07 UTC
Armory crashing all the time cant send bitcoin whit version .90 beta
Post
Topic
Board Bitcoin Discussion
Re: Cracking the Code
by
kerogre256
on 28/11/2013, 13:44:08 UTC
As soon you start insult people because they don't agree with you, you lose argument

Logic doesn't have an ego.

I lose the attention of the Bitards who would prefer to remain in blissful delusion. Perfect.

I see the Bitcoin Wiki is incorrect:

https://en.bitcoin.it/wiki/Attacks#Attacker_has_a_lot_of_computing_power

Quote
The attacker can't:

* Change the number of coins generated per block
* Create coins out of thin air
Can you try explain to me how they will able produce more coins?

Refer also to my immediately prior post.

Only miners can add coins with the coinbase transaction that is placed in each new mined block of the block chain.

If an attacker controls > 50% of the hashrate, the attacker will always have the longest block chain. So the attacker decides what is acceptable in the blocks.

The honest miners will reject any block chain which has more new coins in the coinbase transaction than was specified in Satoshi's whitepaper.

However, if the attacker has the longest chain, then the honest miners can ignore all they want, they will still have the shorter chain.

The entire double-spend security rests on the fact that only the longest block chain is valid.

So the only thing the honest miners and honest non-mining nodes could do would be to fork the block chain. But the attacker can then attack the forked chain. And so on and so on. There is no escape.

Checkmate. You accept the new coins.

P.S. If the honest miners try to blacklist the attacker by IP, he can send to the network from innumerable IP addresses employing a $100 botnet rental. Once you go down that road, the entire network has to be blacklisted, so lights out. Checkmate. You accept the new coins.

I get it now you won the race you have 50% bitcoin network power you produce block and inside  block is messag  'I'm with stupid' now you have block chain.  Bitcoin transaction block,Bitcoin transaction block,Bitcoin transaction block,'I'm with stuppid',Bitcoin transaction block,Frank was here,Bitcoin transaction block,Bitcoin transaction block. Longest chain won.   
Post
Topic
Board Bitcoin Discussion
Re: Cracking the Code
by
kerogre256
on 28/11/2013, 12:50:41 UTC
As soon you start insult people because they don't agree with you, you lose argument

Logic doesn't have an ego.

I lose the attention of the Bitards who would prefer to remain in blissful delusion. Perfect.

I see the Bitcoin Wiki is incorrect:

https://en.bitcoin.it/wiki/Attacks#Attacker_has_a_lot_of_computing_power

Quote
The attacker can't:

* Change the number of coins generated per block
* Create coins out of thin air
Can you try explain to me how they will able produce more coins?

Refer also to my immediately prior post.

Only miners can add coins with the coinbase transaction that is placed in each new mined block of the block chain.

If an attacker controls > 50% of the hashrate, the attacker will always have the longest block chain. So the attacker decides what is acceptable in the blocks.

The honest miners will reject any block chain which has more new coins in the coinbase transaction than was specified in Satoshi's whitepaper.

However, if the attacker has the longest chain, then the honest miners can ignore all they want, they will still have the shorter chain.

The entire double-spend security rests on the fact that only the longest block chain is valid.

So the only thing the honest miners could do would be to fork the block chain. But the attacker can then attack the forked chain. And so on and so on. There is no escape.

Checkmate. You accept the new coins.

P.S. If you try to blacklist the attacker by IP, he can send to the network from innumerable IP addresses employing a $100 botnet rental. Once you go down that road, the entire network has to be blacklisted, so lights out. Checkmate. You accept the new coins.

Hey dumb ass a node doesnt have to be a miner to be counted as a node. Having >50% hashing power doesnt mean >50% of network node.

Welcome to my ignore list retard,

Ok  you have control > 50%  you add 1000 bitcoin to new address and release the block you won race now how network will react to new chain whit additional 1000 bitcoin in only your chain ?
Post
Topic
Board Bitcoin Discussion
Re: Cracking the Code
by
kerogre256
on 28/11/2013, 11:32:05 UTC
As soon you start insult people because they don't agree with you, you lose argument

Logic doesn't have an ego.

I lose the attention of the Bitards who would prefer to remain in blissful delusion. Perfect.

I see the Bitcoin Wiki is incorrect:

https://en.bitcoin.it/wiki/Attacks#Attacker_has_a_lot_of_computing_power

Quote
The attacker can't:

* Change the number of coins generated per block
* Create coins out of thin air
Can you try explain to me how they will able produce more coins?
Post
Topic
Board Bitcoin Discussion
Re: Cracking the Code
by
kerogre256
on 28/11/2013, 11:09:28 UTC
Because mathematically you need to know the prior block hash before you can compute the next one.

And unless you have > 50% of the total network hash rate, then you can't permanently compute the next hash faster than the network can.

Note you can with declining probability P (< 1) compute the next hash faster than the network with less than 50% of the hash rate. Since probability is multiplicative, then doing this for two consecutive blocks is P x P, e.g. 0.1 x 0.1 = 0.01 so from 1 in 10 for one block rises to 1 in 100 chance for two blocks. Ditto for N consecutive blocks, e.g. for four blocks then 0.1 x 0.1 x 0.1 x 0.1 = 1 in 10,000 chance.

Anony, thanks for the explanation.

So if someone has over 50% of the total network hash rate is that something to be concerned about?  Do you think it will ever happen?

My pleasure.

Yes very worried because it means they can control the network and even modify the protocol to make it a fiat, create a zillion coins, etc.. Some argue that they can't do that because the Bitcoiners will fork to a new chain. But these Bitards forget that the masses don't care about Bitcoiner idealism. They just want to buy their pizza. See my Transactions Withholding Attack thread for more explanation on that. Once the masses are already using one fork, they won't switch. The controller could run the fork well enough that the masses are happy, even while creating more coins, etc. Exactly like fiat. We go right back where we started.

In my (opinionated) analysis it is very likely to happen (when coin rewards diminish near to 0) with Bitcoin, because of a flaw in the design (transaction fees should be zero instead).

https://bitcointalk.org/index.php?topic=344154.msg3745513#msg3745513

https://bitcointalk.org/index.php?topic=342848.msg3745458#msg3745458



Or another attack which gives up control of the network. Dig, dig, dig into the rabbit hole:

https://bitcointalk.org/index.php?topic=349096.msg3744842#msg3744842

https://bitcointalk.org/index.php?topic=222998.msg3745278#msg3745278

https://bitcointalk.org/index.php?topic=336816.msg3745161#msg3745161
As soon you start insult people because they don't agree with you, you lose argument
Post
Topic
Board Development & Technical Discussion
Re: How can I use Bitcoin as validation engine?
by
kerogre256
on 27/11/2013, 22:42:55 UTC
I'm not developer but I wold build a layer on top of  Bitcoin you don't need a lot of bitcoin to do it you can send one between parties and just pay transaction fee.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin trading volume, and the importance of Alts to the Bitcoin Eco-system
by
kerogre256
on 27/11/2013, 10:25:47 UTC
someone on the Wall Observer BTC/USD thread mentioned that Bitcoin price at BTC-e is $100 shorter   comparing to Gox and Bitstamp, so I remembered that I once wanted to deposit some Fiat in order to try arbitrage between Bitstamp and BTC-e (buy at BTC-e and sell at stamp), the surprising thing was that they acquire so much fee and they ask you to mark the deposit as it was meant for advertisement.... when I calculated what I would make of it I found out at the time it would cost me more to buy Bitcoins at BTC-e than at Bitstamp ( price was only $30 shorter than Bitstamp).


the point is that I was checking again, and the BTC-e Bitcoin order book was so small, so I made some research and I was amazed:


BTC-e Volume the last 24 hours combined on all pairs (alts) Is almost equal to Gox and stamp together:





Litecoin Trading Volume is the biggest and most surprising that Today comparing to the last few days is really small





so based on these charts I went and looked for transactions on both networks and again I was amazed when I looked to the last 24 hours Transactions, compare these charts

Litecoin




Bitcoin







now I believe that Strong Alts such Litecoin are really necessary for the long Term health of the eco-system, and even when I start thinking about the block size limit, we would not like to spam Bitcoin with worthless transaction when it goes more mainstream, as Litecoin can handle 4 blocks in 10 minutes it would make more sense to use the smaller transaction with Litecoin and Keep the big ones for Bitcoin.









Where is BTC China?Huh
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Topic
Board Armory
Re: Fees question (Yes, yes, I know it's been posted about 50 times)
by
kerogre256
on 26/11/2013, 13:18:37 UTC
Blockchain.info allows you to send transactions that don't fulfill the minimum fee.  If you are lucky they get confirmed within a day or two, but they may get stuck.

Fair enough, is there anyway to tell armory you wish to override it's recommendation? I understand it can (and probably will) get stuck, but, I still want to be able to do it.
This I want set my fee regrades of consequence.
Post
Topic
Board Bitcoin Discussion
Topic OP
CoinValidation is scam
by
kerogre256
on 22/11/2013, 14:28:38 UTC
You submit your private keys to CoinValidation and they remove coins from unvalidated addresses and escrows them until the sender validates, automatic in the case you use coinbase.
LOL I you sooo stupid to do it you deserve to lose all you bitcoin one more scam nothing more.... why there  is no warnig abaut it on Bitcoin talk .Huh
Post
Topic
Board Bitcoin Discussion
Re: STOP COINVALIDATION.
by
kerogre256
on 22/11/2013, 14:19:41 UTC

You submit your private keys to CoinValidation and they remove coins from unvalidated addresses and escrows them until the sender validates, automatic in the case you use coinbase.
LOL I you sooo stupid to do it you deserve to lose all you bitcoin one more scam nothing more....
Post
Topic
Board Bitcoin Discussion
Topic OP
Any one interested to buy ticket to space with bitcoin :))
by
kerogre256
on 22/11/2013, 13:59:30 UTC
Post
Topic
Board Bitcoin Discussion
Re: Destroying bitcoin is easy...
by
kerogre256
on 19/11/2013, 17:44:23 UTC
It's actually very easy, because only one person is compiling 'official' bitcoin client which is used by thousands users, force this person to corrupt, backdoor 'official' client and you can destroy bitcoin in just few second... and don't give me argument you 'can Compile it yourself' 90% use standard bitcoin-qt client.
No, they use gitian: https://gitian.org/
Ok false alarm then ... Cool