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Sham bam bamina! posted:i'm the prisoners' dilemma That sort of thing happened before with namecoin. Price crashed and everybody abandoned mining it over the course of a week, leaving the true believers chucking along for months till the next difficulty adjustment. Altcoins have a faster downwards difficulty adjustment for this very reason. I don't really see a reason why this can't happen with Butts, except there is no other thing you can use asic miners for, so perhaps if a crash is devastating enough it might happen. The sad thing about it is if that happens Butts would really be dead, so no more laffs after that biggie.
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Apr 8, 2014 00:47
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FrozenVent posted:i'm the lie multibit is a free, open source client no one is a "customer" in this case
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Apr 8, 2014 00:59
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open-source: fix it yourself, wait for a fix, or go gently caress yourself
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Apr 8, 2014 01:00
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...! posted:MAJOR Mulitibit Bug- BTC GONE - It cost me all of my btc, please read and help if possible. (self.Bitcoin) i'm the hours/days of effort put in for ten dollars
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Apr 8, 2014 01:08
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hes actually having problems recovering the change, which was 0.4985 butts. so more like $250 down the drain
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Apr 8, 2014 01:12
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ymgve posted:hes actually having problems recovering the change, which was 0.4985 butts. so more like $250 down the drain nice thing about btc is that the longer he waits the less money he'll have lost
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Apr 8, 2014 01:21
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Yes, let me have a system where I have to transfer all my money out and then wait for the change to come back to buy some alpaca socks. That sounds reasonable.
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Apr 8, 2014 02:03
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ElectricMucus posted:That sort of thing happened before with namecoin. Price crashed and everybody abandoned mining it over the course of a week, leaving the true believers chucking along for months till the next difficulty adjustment. Altcoins have a faster downwards difficulty adjustment for this very reason. I think it would be far more gradual with Bitcoin mining, knowing the incredibly depressing amount of computational power they collectively throw towards it. Of course, if someone big with ~10% or more of the power decides all at once to scrap his operation, that would get the frisbee stuck at least a little while on the roof. Actually, does anyone know off the top of their head how much longer transactions would become if 10%, 20%, 30%, etc of the network were to suddenly stop mining, get DDoS'd (lol), lose power, etc? That would be an interesting stat.
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Apr 8, 2014 02:40
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...! posted:"Warning" from Wells Fargo (self.Bitcoin) lol they don't understand that banks are private businesses
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Apr 8, 2014 02:44
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u a 10? on mining difficulty maybe 'cause u an ASIC bitch
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Apr 8, 2014 02:45
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...! posted:I hate typing all this stuff in to buy something online (self.Bitcoin) i long for the day when writing down my address is the frustrating and stupid thing with which i have to deal
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Apr 8, 2014 02:46
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Samsquamsch posted:I think it would be far more gradual with Bitcoin mining, knowing the incredibly depressing amount of computational power they collectively throw towards it. Of course, if someone big with ~10% or more of the power decides all at once to scrap his operation, that would get the frisbee stuck at least a little while on the roof. formula is basically 10 minutes divided by the fraction of hashing power remaining if 1/2 of the hashing power remained, blocks would take 20 minutes on average if 1/4 of the hashing power remained, blocks would take 40 minutes on average until the next difficulty adjustment, that is
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Apr 8, 2014 02:46
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someone asked for a cleaned up version of the bitcoin bandit a while back i made one for the shared office space iamafag guy too 
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Apr 8, 2014 02:46
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HortonNash posted:pay it or get raped in the showers... don't loving do this
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Apr 8, 2014 02:47
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trucutru posted:Yes, let me have a system where I have to transfer all my money out and then wait for the change to come back to buy some alpaca socks. That sounds reasonable. why is the change address different from the sending address? i guess i really dont know how the protocol works
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Apr 8, 2014 02:49
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ElectricMucus posted:That sort of thing happened before with namecoin. Price crashed and everybody abandoned mining it over the course of a week, leaving the true believers chucking along for months till the next difficulty adjustment. Altcoins have a faster downwards difficulty adjustment for this very reason. bitcoin: tantric laffs until the big one
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Apr 8, 2014 02:53
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theflyingexecutive posted:why is the change address different from the sending address? i guess i really dont know how the protocol works
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Apr 8, 2014 02:53
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theflyingexecutive posted:why is the change address different from the sending address? i guess i really dont know how the protocol works if u have an address with 1 btc and you buy .2btc worth of dusty strawberries, .2 gets sent to the dustberry merchant and .8 gets sent to a new address. ur wallet isnt one key, it's a way to keep track of a whole bunch of them. idk i kind of get crosseyed after that part
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Apr 8, 2014 02:55
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there's a reason why you don't just send the change back to the original address, but I've already forgotten it
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Apr 8, 2014 02:57
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A Pinball Wizard posted:if u have an address with 1 btc and you buy .2btc worth of dusty strawberries, .2 gets sent to the dustberry merchant and .8 gets sent to a new address. ur wallet isnt one key, it's a way to keep track of a whole bunch of them. idk i kind of get crosseyed after that part note: there is absolutely no need to do this. but a lot of bitcoin clients do it anyway because anonymity  pseudorandom name posted:there's a reason why you don't just send the change back to the original address, but I've already forgotten it wrong, there is none. you don't need to do the change part at all
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Apr 8, 2014 02:57
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theflyingexecutive posted:why is the change address different from the sending address? i guess i really dont know how the protocol works i don't get it either, i'm just here for the laffs. i think if your bitcoin money is "all in one lump" you have to send the whole thing to the destination wallet, they chip a bit off, and send the change back??? or something. idk edit: fishmeched
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Apr 8, 2014 02:59
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Install Windows posted:wrong, there is none. you don't need to do the change part at all if you don't send the change anywhere it goes to the miners as the transaction fee. also no fees.
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Apr 8, 2014 02:59
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its in the wiki i don't know what your problem is 
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Apr 8, 2014 03:00
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Crust First posted:if you don't send the change anywhere it goes to the miners as the transaction fee. also no fees. no, that only applies to clients that mandate the change stuff
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Apr 8, 2014 03:00
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Install Windows posted:no, that only applies to clients that mandate the change stuff no, it's part of the protocol, if you have a 2 BTC input and send 1 BTC somewhere, you end up with 1 BTC you have to specify as going somewhere, or else it becomes the fee. people lost bitcoins from brainwallets back before most brainwallet spending sites were coded to automatically send the change back to the sending address. "whoops, 99 BTC fee, hope the mining pool will give it back!" Crust First fucked around with this message at 03:06 on Apr 8, 2014 |
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Apr 8, 2014 03:03
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it's tommorow night and we still haven't gotten a concrete answer to what bitler is doing to the mining pool! goddamnit i expect bitcoin to be dead when i wake up.
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Apr 8, 2014 03:07
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Samsquamsch posted:I think it would be far more gradual with Bitcoin mining, knowing the incredibly depressing amount of computational power they collectively throw towards it. Of course, if someone big with ~10% or more of the power decides all at once to scrap his operation, that would get the frisbee stuck at least a little while on the roof. if you lost 50% of the network, block times would double to 20 minutes. if you lost 75% of the network, it'd be 40 minutes, etc. also, difficulty readjustment is way simpler than everyone seems to think. it adjusts every 2016 blocks. every block includes a timestamp, the protocol looks at how long it took, in seconds, between the first of the blocks at the last difficulty and the last one and then figures out a multiplier. 2016 * 10 minutes * 60 seconds = 1209600 seconds difference, ideally. so if it took 1008000 seconds instead, it will say 1209600 / 1008000 = 1.2, the difficulty jumps by 20%. also because bitcoin is stupid as hell, the timestamp on every block can be messed with as part of the nonce for the miners, but only +/- 5 minutes from the true time or so. it doesnt make a big difference over a full 2016 blocks, but still, what the hell was dorian thinking?
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Apr 8, 2014 03:16
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it's already dead inside, isn't that enough?
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Apr 8, 2014 03:16
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theflyingexecutive posted:why is the change address different from the sending address? i guess i really dont know how the protocol works The way a bitcoin transaction works, you need to specify where all the coins in an address go, including if the coins are to "stay" in the address (get sent back to the same address) or go to a new change address. It's also impossible to spend from an address twice until the first transaction is confirmed (so if you have one private key with Bitcoins on it, buy something and forget to include a decent miner's fee, that address is unable to buy anything without initiating a double spend and invalidating either the first transaction or second). So it benefits a bitcoin user to have money split between several addresses. This isn't horribly convoluted because Satoshi. The reference client, IIRC, defaulted to change addresses to try to mildly obfuscate people away from a single key.
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Apr 8, 2014 03:17
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fermun posted:also because bitcoin is stupid as hell, the timestamp on every block can be messed with as part of the nonce for the miners, but only +/- 5 minutes from the true time or so. it doesnt make a big difference over a full 2016 blocks, but still, what the hell was dorian thinking? allowance for computers that aren't perfectly synced to ntp servers to still mine, as well as allowing extra time for slow miners to work blocks out. remember it was meant to be done with spare cpu cycles, not $50,000,000 of custom chips
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Apr 8, 2014 03:18
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TVarmy posted:The way a bitcoin transaction works, you need to specify where all the coins in an address go, including if the coins are to "stay" in the address (get sent back to the same address) or go to a new change address. It's also impossible to spend from an address twice until the first transaction is confirmed (so if you have one private key with Bitcoins on it, buy something and forget to include a decent miner's fee, that address is unable to buy anything without initiating a double spend and invalidating either the first transaction or second). So it benefits a bitcoin user to have money split between several addresses. This isn't horribly convoluted because Satoshi. *furrows brow*
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Apr 8, 2014 03:19
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ok so what if i want to buy something with bitcoins and i'm a non technical woman or child
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Apr 8, 2014 03:19
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Dr. Honked posted:ok so what if i want to buy something with bitcoins and i'm a non technical woman or child buy it with usd
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Apr 8, 2014 03:19
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Install Windows posted:buy it with usd fiat dollers? unthinkable
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Apr 8, 2014 03:20
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Dr. Honked posted:ok so what if i want to buy something with bitcoins and i'm a non technical woman or child in glorious future libertopia there will be no women or children.
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Apr 8, 2014 03:20
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Dr. Honked posted:ok so what if i want to buy something with bitcoins and i'm a non technical woman or child women and (physical) children don't use bitcoin so this is a paradox.
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Apr 8, 2014 03:21
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Dr. Honked posted:fiat dollers? unthinkable just write GOLD IS MONEY on each bill exactly 7 times and it stops being fiat. #lifehacks
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Apr 8, 2014 03:21
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Dr. Honked posted:ok so what if i want to buy something with bitcoins and i'm a non technical woman or child Bootstraps yourself a comp sci degree or work as a subsistence farmer or factory wage slave.
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Apr 8, 2014 03:21
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...! posted:As Princess Leia said to Governor Tarkin in Episode IV: “The more you tighten your grip, Tarkin, the more star systems will slip through your fingers.” same but with poop
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Apr 8, 2014 03:30
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gross
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Apr 8, 2014 03:31
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