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If you are connected to 125 nodes, then for 200 TPS only the hashes already are 0.8 MBps:
125 * 32 * 200 = 800000 = 0.8 MBps
People often forget that.
Even if they can teleport the blocks and the transactions. The hashes alone are > 0.5 MBps.
125 * 32 * 200 = 800000 = 0.8 MBps
People often forget that.
Even if they can teleport the blocks and the transactions. The hashes alone are > 0.5 MBps.
blocks are full NOW
there are already other threads about this
https://bitcointalk.org/index.php?topic=339257.0
https://bitcointalk.org/index.php?topic=338999.0
https://bitcointalk.org/index.php?topic=338793.0
https://bitcointalk.org/index.php?topic=338452.0
most pools create 250kb blocks only
please do something!!!
> release bitcoin 0.8.6, remove stupid -blockmaxsize
> transactions > 0.01 BTC are processed before transactions < 0.01 BTC
tell people to not send transactions < 0.01 BTC, bitcoin is not ready for micro payments yet
> transactions not confirmed after 12 hours are removed from mempools automatically
> after 12 hours there must be a cancel/overwrite mechanism
at least tell people/merchants what to do if they have never confirming transactions
massive unconfirmed transactions are coming!!!
I know you devs are busy selling coins, but you owe the community solving this problem at least, before buying your ferrari.
there are already other threads about this
https://bitcointalk.org/index.php?topic=339257.0
https://bitcointalk.org/index.php?topic=338999.0
https://bitcointalk.org/index.php?topic=338793.0
https://bitcointalk.org/index.php?topic=338452.0
most pools create 250kb blocks only
please do something!!!
> release bitcoin 0.8.6, remove stupid -blockmaxsize
> transactions > 0.01 BTC are processed before transactions < 0.01 BTC
tell people to not send transactions < 0.01 BTC, bitcoin is not ready for micro payments yet
> transactions not confirmed after 12 hours are removed from mempools automatically
> after 12 hours there must be a cancel/overwrite mechanism
at least tell people/merchants what to do if they have never confirming transactions
massive unconfirmed transactions are coming!!!
I know you devs are busy selling coins, but you owe the community solving this problem at least, before buying your ferrari.
thx for doing some mental arithmetic
but holy cow, thats 27% of all coins.
Thats not quite the revision where it changed. It changed in several steps, first the size of blocks it would create was limited,
this is the commit one should people point to, cause this is the first commit with MAX_BLOCK_SIZE introduced
https://github.com/bitcoin/bitcoin/commit/9d2174b6f5f3fac2463c7ebc2dbb9004b3740d23
this is version 0.3.1 rc1
you can find this line here
before it was
if you convert 2000000 from hex to dec = 33,554,432 bytes = 32MB
also here:
"Because blocksize limit was lowered from 32 MB to 1 MB by Satoshi in early days of Bitcoin."
https://bitcointalk.org/index.php?topic=251877.msg2679268#msg2679268
this is version 0.3.1 rc1
you can find this line here
Code:
static const unsigned int MAX_BLOCK_SIZE = 1000000;
before it was
Code:
static const unsigned int MAX_SIZE = 0x02000000;
if you convert 2000000 from hex to dec = 33,554,432 bytes = 32MB
also here:
"Because blocksize limit was lowered from 32 MB to 1 MB by Satoshi in early days of Bitcoin."
https://bitcointalk.org/index.php?topic=251877.msg2679268#msg2679268
Re: My idea: New blockchain for cheap & fast microtransactions in bitcoin, like a re
the idea is stupid.
if your new chain could handle large amounts of microtransactions with 60 seconds, then bitcoin could as well
-> no need for a new chain in the first place.
or in other words, if your new chain is just a bitcoin clone, why would your new chain be able to handle
high transaction volume, but not bitcoin, if its just a clone.
if your new chain could handle large amounts of microtransactions with 60 seconds, then bitcoin could as well
-> no need for a new chain in the first place.
or in other words, if your new chain is just a bitcoin clone, why would your new chain be able to handle
high transaction volume, but not bitcoin, if its just a clone.
Isnt the argumentation at least a little flawed?
Because shorter block times also mean shorter blocks.
Should make no difference, if you have for 10 minute block time, 1 time long validation time,
while for 1 minute blocks, 10 time short validation time. The sum is the same.
Because shorter block times also mean shorter blocks.
Should make no difference, if you have for 10 minute block time, 1 time long validation time,
while for 1 minute blocks, 10 time short validation time. The sum is the same.
Code:
Large Cap Company Ticker Market Cap
($in billions)
Apple Inc AAPL 439.39
Exxon Mobil Corp. XOM 403.32
Google Inc GOOG 257.40
Berkshire Hathaway Inc. BRK.A 243.60
Wal-Mart Stores, Inc. WMT 238.85
General Electric Co GE 236.78
Microsoft Corporation MSFT 233.53
Chevron Corporation CVX 228.01
International Business Machines Corp. IBM 226.03
Johnson & Johnson JNJ 210.06
Procter & Gamble Co. PG 207.55
AT&T Inc T 202.21
Pfizer Inc PFE 198.72
Wells Fargo & Co. WFC 186.93
JPMorgan Chase & Co. JPM 186.80
Coca-Cola Co (The) KO 168.46
Bitcoin BTC 1
($in billions)
Apple Inc AAPL 439.39
Exxon Mobil Corp. XOM 403.32
Google Inc GOOG 257.40
Berkshire Hathaway Inc. BRK.A 243.60
Wal-Mart Stores, Inc. WMT 238.85
General Electric Co GE 236.78
Microsoft Corporation MSFT 233.53
Chevron Corporation CVX 228.01
International Business Machines Corp. IBM 226.03
Johnson & Johnson JNJ 210.06
Procter & Gamble Co. PG 207.55
AT&T Inc T 202.21
Pfizer Inc PFE 198.72
Wells Fargo & Co. WFC 186.93
JPMorgan Chase & Co. JPM 186.80
Coca-Cola Co (The) KO 168.46
Bitcoin BTC 1
What are apple stocks useful for? What can you do with them, other then buy and sell.
Bitcoin is like the best stock ever:
- You can send/trade them with other people without a trusted third party involved.
- You can store them on a paper, usb-stick, computer, mobile, table, in your brain.
- You can easy launder bitcoins to make them fully anonymous
- You can actually directly buy stuff, though its not that wide-spreaded yet
- Like gold, its not bind to something. Stocks is always bind to the value of a company.
- You dont need a freaking bank or whatever company to buy bitcoin, you can buy them anonymously on the street
- etc
Is this really such a good idea right now?
If everybody starts using spv, from where can you download the blocks, if nobody stores the blocks anymore?
I guess we should wait, until real block chain pruning is implemented, otherwise the amount of full nodes will go down,
which is no good right now. You could end up harming the network more than helping.
If everybody starts using spv, from where can you download the blocks, if nobody stores the blocks anymore?
I guess we should wait, until real block chain pruning is implemented, otherwise the amount of full nodes will go down,
which is no good right now. You could end up harming the network more than helping.
The best thing would be, if paypal introduces anonymous, non-chargeback accounts.
Everybody can create such accounts and fill them with up to 500$ per account with bitcoin.
Merchants could then decide to only accept "Paypal anon", to be on the safe side with no chargeback.
Everybody can create such accounts and fill them with up to 500$ per account with bitcoin.
Merchants could then decide to only accept "Paypal anon", to be on the safe side with no chargeback.
Re: [ANN] eMunie (EMU) - NOT a BitCoin fork/clone - call for beta testers
What I do not understand, why are people blindly jumping on board, without even knowing what this is about and how it really works.
Another question: why do blocks have to be signed, if its proof of work? Are Hatches then trusted 3rd parties for the clients, because clients cannot
verify the work? Why do 2 hatches have to sign the block, this looks like a big security issue by design to me (or maybe I just misunderstand the hole thing).
Another question: why do blocks have to be signed, if its proof of work? Are Hatches then trusted 3rd parties for the clients, because clients cannot
verify the work? Why do 2 hatches have to sign the block, this looks like a big security issue by design to me (or maybe I just misunderstand the hole thing).
Re: [ANN] eMunie (EMU) - NOT a BitCoin fork/clone - call for beta testers
This is a total contradiction: You say you discourage hoarding, but give interest on .. hoarding???
If you give interest on a coin, the only thing people want to do with this coin is hoard.
If you give interest on a coin, the only thing people want to do with this coin is hoard.
Re: [XPM] [ANN] Primecoin Prerelease Announcement - Introducing Prime Proof-of-Work
Why do you people waste your time with stuff like that?
If you spend all your time on improving bitcoin, that would really help.
What does a different proof of work change?
- it does not change that transactions have to be collected in a block
- it does not change that you have to wait for x confirmations
- it does not change that blocks have to broadcasted
- it does not change .. anything
If you spend all your time on improving bitcoin, that would really help.
What does a different proof of work change?
- it does not change that transactions have to be collected in a block
- it does not change that you have to wait for x confirmations
- it does not change that blocks have to broadcasted
- it does not change .. anything
http://www.alexa.com/siteinfo/mtgox.com
http://www.alexa.com/siteinfo/bitcoin.org
http://stats.grok.se/en/latest90/Bitcoin
google trends, google keyword search statistics
http://www.alexa.com/siteinfo/bitcoin.org
http://stats.grok.se/en/latest90/Bitcoin
google trends, google keyword search statistics
Re: Bitcoin Foundation receives cease and desist order from California
Interesting question would be:
Was it a misunderstanding on purpose? (of how bitcoin works)
If not, then everything is ok. Misunderstanding will be clearified and BF continues as normal.
If yes, then BF is screwed. They were just looking for a reason to shut this thing down.
Was it a misunderstanding on purpose? (of how bitcoin works)
If not, then everything is ok. Misunderstanding will be clearified and BF continues as normal.
If yes, then BF is screwed. They were just looking for a reason to shut this thing down.
I think all pools just use what is given by upstream.
And my concern is that the default maximum block size given by upstream is 243kB.
There is no other way, why should every pool produce all the time exactly 243kB?
And my concern is that the default maximum block size given by upstream is 243kB.
There is no other way, why should every pool produce all the time exactly 243kB?