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Showing 20 of 1,708 results by turvarya
Re: If you don't have any ideas, you shouldn't even complain.
People will be always complaining about everything really. You can't change this no matter what. But some of our fail to notice good qualities of complains, they are motor of changes.
If people are dissatisfied they first complain and the try to change things. Complaining about complaining will lead us nowhere, really.
I can complain about people complaining to show them just how whiny they look. I don't know why that's so wrong.If people are dissatisfied they first complain and the try to change things. Complaining about complaining will lead us nowhere, really.
Because it is a negative response to a negative response, which never leads to anything positive.
Because now we have another place where people are standing in a circle and talk about how bad the world has become.
Re: If you don't have any ideas, you shouldn't even complain.
A thread, where OP complains, that people complain.
A lot of posts, which complain about OP complaining about other people complaining.
So, let's complain about people complaining that there are complaints regarding complaining people.
A lot of posts, which complain about OP complaining about other people complaining.
So, let's complain about people complaining that there are complaints regarding complaining people.
Re: Why do hardware wallets like Trezor create 100 addresses?
New addresses are commonly used in Bitcoin transactions for sending change back to the originating wallet. So the wallets (even Core does this) create a bunch of private keys upon initialization (referred to as the 'keypool'.)
This is so that the client will have a free address when it needs to create a transaction and won't need to wait for a new one to be generated.
The problem with Core is, that the address generation is not deterministic. That means e.g. if it just creates 1 address per time, you would have to make a backup every time, you created one. That's why Bitcoin Core creates 100 addresses in advance. (I think, there is still no feature, that tells you when new addresses are generated and you should make a new backup)This is so that the client will have a free address when it needs to create a transaction and won't need to wait for a new one to be generated.
With Trezor it is deterministic, which means, you can create all addresses again, from the seed. So, I don't understand, why they also would create 100 addresses in advance. Creating new addresses doesn't take much time(I guess we are in the milliseconds area there) so I don't understand, why they are caching it.
Okay, I'm really worn out. I have no idea how to approach the thread now (after a few replies). Could you ask direct questions? What is it that you do not understand or have trouble understanding; what are your concerns?
I found the exact words from luke-jr on reddit:
Keep in mind that LN also needs a block size increase in order to scale upwards. However, even if we followed Gavin's plan and did 8 GB right now (I'm disregarding all problems with this statement, and we're going with the assumption that this is the perfect solution) it would be able to handle ~24 000 tps (3 tps at 1 MB x ~8000). This seems like a nice number doesn't it? It does not if you factor in the size of each block. We're talking about ~1 150 GB of data per day (~420 400 GB per year). Obviously this is really inefficient.
Now with the Lightning Network on the other hand:
We had such a nice discussion til you came along with your "XT is bad"-bullshit. Do you have to spoil every topic with that? Nobody said a bad word about anybody. There is a world outside your stupid battle against XT.I found the exact words from luke-jr on reddit:
Quote
Near-instant confirmation for transactions in a trustless manner, much cheaper than the blockchain.
In other words, if some XT shill comes up here, and says that blockstream will profit from this and whatnot put them on the ignore list so that we can have a decent discussion. Keep in mind that LN also needs a block size increase in order to scale upwards. However, even if we followed Gavin's plan and did 8 GB right now (I'm disregarding all problems with this statement, and we're going with the assumption that this is the perfect solution) it would be able to handle ~24 000 tps (3 tps at 1 MB x ~8000). This seems like a nice number doesn't it? It does not if you factor in the size of each block. We're talking about ~1 150 GB of data per day (~420 400 GB per year). Obviously this is really inefficient.
Now with the Lightning Network on the other hand:
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If all Bitcoin transactions were conducted inside a network of micropayment channels, to enable 7 billion people to make two channels per year with unlimited transactions inside the channel, it would require 133 MB blocks (presuming 500 bytes per transaction and 52560 blocks per year).
Your post is completely off-topic. If you want to contribute, answer the question:
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3) You cannot add funds to a room, except for those added at the inception, once the room has been created.
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Are you sure about point 3? After all, it is just a multisig, so why shouldn't you be able to send new funds there?3) You cannot add funds to a room, except for those added at the inception, once the room has been created.
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No - I am not sure..
That's pretty important though, as it changes how much you need to lock up.
Anyone ?
Is it proprietary? Patented?
How does it make money?
How does it make money?
no & no... and it doesn't. (I think)
My current 'understanding' :
1) Any group of individuals can start an LN room. Securely and trust free.
2) You cannot join a room once it has been created.
3) You cannot add funds to a room, except for those added at the inception, once the room has been created.
4) The group transacts amongst themselves at high speed with no limit on the TXN numbers, in the room, off the main chain.
5) Finally, at some point, the room is closed and 1 TXN is sent out on the main chain, that gives everybody their final BTC tally.
6) If you want to continue, you need to create a new room.
Re: I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. AMA!
I'm Charlie Lee, creator of Litecoin & Director of Engineering at Coinbase. Ask me anything!
Happening now at: forum.bitcoin.com
So far Bitcoin.com also has:
forum.bitcoin.com (a discussion forum)
news.bitcoin.com (a full news team reporting the latest Bitcoin news)
wiki.bitcoin.com (A Bitcoin wiki that anyone can contribute to)
buy.bitcoin.com (links to buy bitcoin)
wallet.bitcoin.com (choosing a wallet guide)
chat.bitcoin.com (Live chat on IRC)
with lots more coming soon!
Happening now at: forum.bitcoin.com
So far Bitcoin.com also has:
forum.bitcoin.com (a discussion forum)
news.bitcoin.com (a full news team reporting the latest Bitcoin news)
wiki.bitcoin.com (A Bitcoin wiki that anyone can contribute to)
buy.bitcoin.com (links to buy bitcoin)
wallet.bitcoin.com (choosing a wallet guide)
chat.bitcoin.com (Live chat on IRC)
with lots more coming soon!
Wow! thanks for the link!
I'm wondering how many Litecoins the guy has himself. No answers from him yet though.
I also can't understand why are the guys like him not doing AMA here, on bitcointalk?
https://www.reddit.com/r/Bitcoin/comments/3rejl9/coinbase_ceo_brian_armstrong_bip_101_is_the_best/cwo5okx
I seriously don't get the room metaphor. It's too much of a black box.
From what I understand, it works like this:
1. You give a fixed amount, of how much you would spend max, say for Coffee at Starbucks. There is some mutlisig(that means neither you, nor the sender can do anything alone) and n-LockTime(which means you just get all back, if nothing happens)-magic. That's called a channel.
2. Now, you buy Coffee. You give Starbucks the transaction, which they don't put on the blockchain, since they know you will come again.
3. Next day, you buy another Coffee. You give Starbucks a new transaction, with money for both coffees(note, that they can not execute both transactions).
4. You realize that Starbucks is shitty coffee and never come back to them again. After a while, they see, that you are not coming back and just execute the last transaction you gave.
5. After n-LockTime is reached, the remaining money in this channel is send back to you.
From what I understand, it works like this:
1. You give a fixed amount, of how much you would spend max, say for Coffee at Starbucks. There is some mutlisig(that means neither you, nor the sender can do anything alone) and n-LockTime(which means you just get all back, if nothing happens)-magic. That's called a channel.
2. Now, you buy Coffee. You give Starbucks the transaction, which they don't put on the blockchain, since they know you will come again.
3. Next day, you buy another Coffee. You give Starbucks a new transaction, with money for both coffees(note, that they can not execute both transactions).
4. You realize that Starbucks is shitty coffee and never come back to them again. After a while, they see, that you are not coming back and just execute the last transaction you gave.
5. After n-LockTime is reached, the remaining money in this channel is send back to you.
I never used G2A before but I will since their prices are good and they accept bitcoin, apparently. Although this information is well hidden under tons of other payment symbols.
What is interesting though is table of their pay fees: https://pay.g2a.com/downloads/G2APay-fee.pdf Bitcoin is one of the few payment methods without ANY additional fees. Amazing.
I wonder what is meant with donation fee ... (not a native speaker)What is interesting though is table of their pay fees: https://pay.g2a.com/downloads/G2APay-fee.pdf Bitcoin is one of the few payment methods without ANY additional fees. Amazing.
Well you could start a public shame list in this thread. It's about time they get what they deserve. I think that this thread is more suited for Meta though.
There was such a thread. Months ago.Are you people going completely nuts?
I've been tempted to buy some games with my Bitcoins, but I always end up not doing so, because I cant fully trust anything that isn't steam. How can I know im not getting a stolen/botched cdkey?
Sorry, but that is just stupid. That's like saying: "How do I know my shoe retailer doesn't send me fake Nike shoes?"There are rating systems on most sites and g2a even offers an insurance for some extra costs.
I think the best way to store them is with web wallets that have SMS protection.
Definitively not.They way you log into a website, doesn't change, that if they get hacked or go rough, your Bitcoin are gone.
If you want to use a webwallet use something like https://greenaddress.it. It is multisig, so someone would need to hack both the website and your device to steal your funds.
In a feeble attempt to bring this thing back on-topic, I will say that no matter what theymos's personal views, there are fairly strong rational reasons to consider XT to be an 'alt' (as well as a hostile takeover attempt.) His actions wrt Coinbase and their efforts to foster XT are far closer to 'consistent' than to 'insane'.
This has been discussed before. XT is an altcoin, and services that move from Bitcoin to XT are altcoin services. On bitcointalk.org, altcoins and altcoin services belong in the Alt Cryptocurrencies section. On /r/Bitcoin, altcoins and altcoin services aren't allowed.
Promoting XT and moving to XT is not the same thing.That would be like banning a service, because they consider moving to another altcoin, even though they are still using Bitcoin.
I agree, that even if I don't like forum rules, they should at least be consistent.
As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?
i would recommend paper wallet, it is form of cold storage, you print private key onto paper and store it safelycoins are offline and safe
many websites offers great paper wallets ready to print
You deposit to the address either by scanning the public QR code or keeping the public key with you before printing.
The biggest worry is always that someone will gain access to the wallet you have created, either from your computer or your printer.
Ideally, you would inspect the code of the program to generate your wallet code, disconnect your computer from the internet, print the paper wallet, delete print queue, format PC to remove any traces of the file being printed.
You can omit any steps, but that is the paranoid version I've just talked about.
I think, it a good alternative, if you don't have an air gapped machine. Just put the program you want to use on the same usb-stick. (don't forget to physically unplug your pc from the internet before starting tails)
This has been discussed before. XT is an altcoin, and services that move from Bitcoin to XT are altcoin services. On bitcointalk.org, altcoins and altcoin services belong in the Alt Cryptocurrencies section. On /r/Bitcoin, altcoins and altcoin services aren't allowed.
Promoting XT and moving to XT is not the same thing.That would be like banning a service, because they consider moving to another altcoin, even though they are still using Bitcoin.