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Showing 20 of 37 results by timewave0
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Topic
Board Mining
Re: Remember the days of the Block erupter?
by
timewave0
on 26/08/2014, 16:33:32 UTC
I think I mined about 0.05BTC on my Q6600 CPU. I should have gotten into the GPU scene back then.

As for the next step from ASICs, anything as dramatic as the GPU/FPGA to ASIC shift would imply equally revolutionary advances in lots more semiconductor applications than just bitcoin mining.
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Board Bitcoin Discussion
Re: Republicans Vs Democrats: Who is more likely to embrace bitcoin more?
by
timewave0
on 14/08/2014, 23:22:47 UTC
Generally speaking the tax burden on the poor is very low. In many cases many poor people's effective total tax rate (including income, sales, property and any other types of taxes) is below zero.
It might appear that way, but consider the tax burden built into the goods and services they consume.
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Board Bitcoin Discussion
Re: Republicans Vs Democrats: Who is more likely to embrace bitcoin more?
by
timewave0
on 14/08/2014, 02:46:01 UTC
...and people scoff when I tell them the American education system is working just fine (for its intended purpose)!
I agree with you in general, but for her it's definitely not an issue of education. She understands the relevant facts. She knows how the banking system works, how the Federal Reverse works, etc. I think I've managed to teach her how all voluntary transactions are beneficial to all parties involved. She still seems to struggle with the subjectivity of value. Anyway, it really seems to be an issue of psychology that I don't have the background to completely understand.
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Topic
Board Bitcoin Discussion
Re: Republicans Vs Democrats: Who is more likely to embrace bitcoin more?
by
timewave0
on 13/08/2014, 23:18:39 UTC
Libertarian-leaning Republicans. Democrats are afraid of it because it's unregulated.

This.
I think liberals will also dislike bitcoin because it will force the government to be smaller and less powerful. The liberals generally want government to be as large as possible and for everyone to rely on it.

To be fair, I don't think they want people to rely on government (although the politicians certainly do). They want people to be able to rely on government, and they're willing to accept the side-effect of people who don't need to rely on the government becoming reliant. For money, they want the government to guarantee the value of their money through the use of force and don't care about the consequences (petrodollar wars, inflation, non-obvious tax burdens on the poor).
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Topic
Board Bitcoin Discussion
Re: Republicans Vs Democrats: Who is more likely to embrace bitcoin more?
by
timewave0
on 13/08/2014, 23:14:19 UTC
Libertarian-leaning Republicans. Democrats are afraid of it because it's unregulated.

This.

Agree there.  I think deomcrats COULD possibly support it, if it became more regulated.  They love to be seen as "cooler" than Repubs, and Bitcoin is more of a cool and younger thing right now.

There's actually a lot more going on that I generalized into "afraid of it" with my terse comment. One of my Obama-supporting, Democrat, neo-liberal friends absolutely can't be convinced that there's anything wrong with the Federal Reserve system and banking cartel other than that money isn't issued directly by the government (her ideal, not mine). She thinks the TBTF bailouts were necessary. She absolutely can't be convinced that competition should be allowed in currency, even though she recognizes the dangers of monopolies in every other industry. She's afraid that if other currencies are allowed to prosper, one day she might walk into a store and not be able to pay for some goods. My best take on this ideology is a strong desire to preserve status-quo. It's ironically conservative. As long as her credit card works, she isn't willing to risk anything for the possibility of a better monetary system.
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Topic
Board Bitcoin Discussion
Re: Republicans Vs Democrats: Who is more likely to embrace bitcoin more?
by
timewave0
on 13/08/2014, 18:57:44 UTC
Libertarian-leaning Republicans. Democrats are afraid of it because it's unregulated.

Mainstream candidates from either party have little reason to "embrace" bitcoin. Their constituents won't change the way they vote based on a candidate's bitcoin position, and they get a lot of "campaign contributions" from the banking cartel.
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Topic
Board Bitcoin Discussion
Re: ARG Puzzle with 3.5 BTC Private Key Prize
by
timewave0
on 01/07/2014, 01:05:44 UTC
I don't think that would work from a reverse engineering perspective... in order to construct the puzzle, she'd have to change the puzzle, then the hashes would be wrong.
You're right.
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Topic
Board Bitcoin Discussion
Re: ARG Puzzle with 3.5 BTC Private Key Prize
by
timewave0
on 01/07/2014, 00:42:53 UTC
I assume it's called Onion.7z because it's going to have many layers, not as a reference to TOR.

I was checking the ASCII representation of the binary bits 7-51 of the SHA 1 and 256 hashes of the hint image. Maybe the original image? Anyway, the other problem with my theory is 45 = 9 * 5, so it doesn't break up evenly into bytes, 7-bit ASCII, hex nibbles, or really anything useful.
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Topic
Board Bitcoin Discussion
Re: ARG Puzzle with 3.5 BTC Private Key Prize
by
timewave0
on 30/06/2014, 23:38:58 UTC
I think she wants us to use bits 7-51 of some SHA hash.

.. or bytes 7-51, but this is a bit unlikely. You can not predict the result of the SHA function, it would be like using the random numbers.

Other question is which exact of the many SHA functions?

She wouldn't have to predict the hash. She could use any string for that password. She doesn't have to know it in advance.

Which SHA function? I'd assume 1 (the first commonly referred to as "SHA") or 2 (the 256 bit variety used by Bitcoin).

If there's a weakness to my theory, I think it's that 45 bits doesn't give much brute force resistance.
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Topic
Board Bitcoin Discussion
Re: ARG Puzzle with 3.5 BTC Private Key Prize
by
timewave0
on 30/06/2014, 23:24:20 UTC
Values:
7
51
Bit 8
Sha 256

7518256 ?

8 Bit game is contra....
and minecraft ( I think)
Contra is 8-bit, as are all NES games. Minecraft most definitely is not.
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Topic
Board Bitcoin Discussion
Re: ARG Puzzle with 3.5 BTC Private Key Prize
by
timewave0
on 30/06/2014, 23:07:41 UTC
I think she wants us to use bits 7-51 of some SHA hash.
Post
Topic
Board Bitcoin Discussion
Re: ARG Puzzle with 3.5 BTC Private Key Prize
by
timewave0
on 30/06/2014, 05:19:07 UTC
How about Zelda? The Dark Wallet logo with the additional triangle section suggests an inverted Triforce. In Link to the Past, you can get a magic cape and turn invisible, rendering enemies unable to attack.
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Topic
Board Economics
Re: Bitcoin Price Surging Back Up - Are You Buying or Selling?
by
timewave0
on 25/05/2014, 00:28:23 UTC
Holding.
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Topic
Board Bitcoin Discussion
Topic OP
"allocated storage" for online wallets and exchanges
by
timewave0
on 14/03/2014, 22:19:17 UTC
It's probably been discussed before, but why isn't anyone doing something for bitcoin analogous to the allocated storage common for gold?

I found a discussion on reddit about it, and everyone was talking about hash trees, wallet services having to disclose all their holdings, and other issues, but aren't they over-thinking it? Am I misunderstanding bitcoin, or would it be as simple as the customer providing a unique identifier, and the storage service transferring the amount the user requests allocated, including the identifier in the transaction? Then any third party could verify the transaction identifier, and monitor for spending from the allocated address.
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Topic
Board Economics
Re: Inquiry regarding the economics of block rewards
by
timewave0
on 05/02/2014, 23:00:56 UTC
The quantity of the reward increases, but if the value of each unit decreases, the value of the reward won't necessarily increase.
Post
Topic
Board Economics
Re: Inquiry regarding the economics of block rewards
by
timewave0
on 05/02/2014, 21:10:36 UTC
Miners would either mine other altcoins until the block reward increases, or not bother at all because of the devaluation of your proposed altcoin over time.
Post
Topic
Board Development & Technical Discussion
Re: Mining on Top of Unknown Block: A new protocol weakness
by
timewave0
on 13/01/2014, 17:29:23 UTC
As for the ASICs:  the Bitcoin dedicated hardware can compute SHA-256 really fast. As long as we continue to use the SHA-256 compression function, there is no need to switch to a new hardware – just to modify the program of the ASIC machines. Consider for example my proposal of requiring that the outcome will be close to the (upper 128 bits of the) previous block's hash rather than being close to zero.  

Not necessarily. There are certain optimizations made possible by the current structure of the block header.
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Topic
Board Altcoin Discussion
Re: [ANN] NEW Fairpools.com - *** COINYE POOL ***
by
timewave0
on 10/01/2014, 20:04:40 UTC
Sorry that address is invalid Tongue
check txid fed217510334f6a6c0679d549e4987c88fa0856a59566de95981387e5f48525e
Post
Topic
Board Altcoin Discussion
Re: [ANN] NEW Fairpools.com - *** COINYE POOL * STOP THE 51% SWITCH TO US
by
timewave0
on 10/01/2014, 04:25:07 UTC
5gAYfisHzmuYyWRPdAE516qDodveHcxLAe
Post
Topic
Board Altcoin Discussion
Re: Bitcoin / Litecoin Compiling Error
by
timewave0
on 09/01/2014, 23:39:24 UTC
Did Berkeley DB build correctly? If you can't find the library file, the linker sure won't be able to either. If you know where it is, add an -L/path/to/db_cxx.lib to the LDFLAGS environment variable.

Whenever I build an altcoin daemon in Linux, I have to add an -I/path/to/db_cxx.h to my CFLAGS and CXXFLAGS. Libraries work the same way, but with -L and LDFLAGS.