Author

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1041. (Read 3917058 times)

sr. member
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
if this kind of transaction bothers anyone, he should press for mandatory fees or something like that, but as long as the protocol allows it, then you should blame the protocol.

The catch here is ASICMINER is quite capable of including their own txids into blocks to ensure they are submitted. Which imho there is nothing wrong with, they are doing the work and as many have said can include whatever txids the protocol can support.

I completely agree and was going to say the same thing.

This is a non-issue.

As I said, at most you can press to change the protocol rules, i.e. declaring invalid a transaction without your desired requirements.
This would prevent any miner from including it.

Of course, this is an hard-fork and you would need to be pretty convincing.
Still, until you do, there's no complaining.


Sorry for being rude, but it's for the sake of clearness.

There's no rule nor protocol or law preventing anybody from shitting on their food. There's no need for it, because it's absolutely obvious the inadvisability of doing such a thing...

Now. if ASICMINER wants to shit over the blockchain, it's ok that they're able to do it. I can't see why somebody should go to the hassle of finding a way to stop them. But that's hardly advisable for themselves, considering that they're eating from the blockchain too...
hero member
Activity: 630
Merit: 500
Bitgoblin
if this kind of transaction bothers anyone, he should press for mandatory fees or something like that, but as long as the protocol allows it, then you should blame the protocol.

The catch here is ASICMINER is quite capable of including their own txids into blocks to ensure they are submitted. Which imho there is nothing wrong with, they are doing the work and as many have said can include whatever txids the protocol can support.

I completely agree and was going to say the same thing.

This is a non-issue.

As I said, at most you can press to change the protocol rules, i.e. declaring invalid a transaction without your desired requirements.
This would prevent any miner from including it.

Of course, this is an hard-fork and you would need to be pretty convincing.
Still, until you do, there's no complaining.
full member
Activity: 236
Merit: 100
www.bitcoingem.com
I'd argue the blockchain is supposed to do whatever people can do with it. Anything unwanted is a design flaw, not a user flaw.
+1

if this kind of transaction bothers anyone, he should press for mandatory fees or something like that, but as long as the protocol allows it, then you should blame the protocol.

The catch here is ASICMINER is quite capable of including their own txids into blocks to ensure they are submitted. Which imho there is nothing wrong with, they are doing the work and as many have said can include whatever txids the protocol can support.

I completely agree and was going to say the same thing.
mem
hero member
Activity: 644
Merit: 501
Herp Derp PTY LTD
I'd argue the blockchain is supposed to do whatever people can do with it. Anything unwanted is a design flaw, not a user flaw.
+1

if this kind of transaction bothers anyone, he should press for mandatory fees or something like that, but as long as the protocol allows it, then you should blame the protocol.

The catch here is ASICMINER is quite capable of including their own txids into blocks to ensure they are submitted. Which imho there is nothing wrong with, they are doing the work and as many have said can include whatever txids the protocol can support.
sr. member
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
The percentage of the dividends received on your address is as good a proof as the sathoshis themselves, if not better, considering that they're not spam. And they're also forever on the blockchain. There's an easily done deterministic process to go from percentage of dividend received on a given time to amount of shares owned...
That's only true for the exact time frame you've received the dividends.
Shares may have changed hands after that.

Yeah, this also applies to the satoshis spam.
sr. member
Activity: 364
Merit: 250
The percentage of the dividends received on your address is as good a proof as the sathoshis themselves, if not better, considering that they're not spam. And they're also forever on the blockchain. There's an easily done deterministic process to go from percentage of dividend received on a given time to amount of shares owned...
That's only true for the exact time frame you've received the dividends.
Shares may have changed hands after that.
sr. member
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
Asicminers usage of satoshies/dust at least has real utility.
What is the utility?  (honest question)

It verifies the amount of shares held by each shareholder on a schedule.

Not only this, but its in the blockchain FOREVER... not some spreadsheet that can just disappear or be changed.  If someone wants to know how many shares I have, I can prove it by signing the div address... how would I prove ownership with a spreadsheet?  Sure there are ways... but considering the block chain is available and can handle the function nicely, its a good use.

The percentage of the dividends received on your address is as good a proof as the sathoshis themselves, if not better, considering that they're not spam. And they're also forever on the blockchain. There's an easily done deterministic process to go from percentage of dividend received on a given time to amount of shares owned...
legendary
Activity: 980
Merit: 1008
I finally finished coding the calculations of the 24-hour, 3-day and 7-day average hash rates for solo mining. You can view it here:

http://runeks.dk/bitcoin/

The graph looks like this:



As you can see, we've seen a significant ramp-up in the solo hash rate in the past couple of days.

24-hour average is quite jumpy, but it seems we're sailing at a comfortable cruise speed of around 17 Thash/s right now.

Oh, and the chart updates every time new ASICMiner blocks come in, although you'll have to refresh the page to see the changes.
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
Asicminers usage of satoshies/dust at least has real utility.
What is the utility?  (honest question)

It verifies the amount of shares held by each shareholder on a schedule.

Not only this, but its in the blockchain FOREVER... not some spreadsheet that can just disappear or be changed.  If someone wants to know how many shares I have, I can prove it by signing the div address... how would I prove ownership with a spreadsheet?  Sure there are ways... but considering the block chain is available and can handle the function nicely, its a good use.
hero member
Activity: 518
Merit: 500
Asicminers usage of satoshies/dust at least has real utility.
What is the utility?  (honest question)

It verifies the amount of shares held by each shareholder on a schedule.
sr. member
Activity: 259
Merit: 250
Asicminers usage of satoshies/dust at least has real utility.
What is the utility?  (honest question)

Returning capital to shareholders so that they may continue to support and grow the bitcoin-based economy.
newbie
Activity: 70
Merit: 0
Asicminers usage of satoshies/dust at least has real utility.
What is the utility?  (honest question)
hero member
Activity: 630
Merit: 500
Bitgoblin
So you're the kind of person that if a store undercharges you (by giving you too much change back) you don't be honest and correct the mistake? If I was the store owner and noticed that you had been undercharged and then asked you to pay the difference and you refused, you don't think I'd have the right to ban you from the store, since what you are essentially doing is stealing?
Of course not, I already said I was willing to return the money.

I am only stating that "return it or I ban you" is a logic nonsense, because it is perfectly equivalent to a forced refund, so you should have said "do a forced refund" instead.

Either it is voluntary or it is forced.

Your suggestion was to make it appear voluntary but be forced in practice, and that is VERY BAD™.

Please bear in mind I don't think you did that on purpose, likely you didn't notice your mistake, and I'm so anal I wanted to point it out (to prevent anyone, in future, from thinking it was a good suggestion).
Please take no offence, and sorry if my tone was rude, I did't mean to.


ps: again, I'm not saying that a forced refund is bad (though many did say it, and with many good reasons), I'm saying that if you do so, it must be crystal clear what is happening, as opposite to pretending it is something else.
sr. member
Activity: 259
Merit: 250
I'd argue the blockchain is supposed to do whatever people can do with it. Anything unwanted is a design flaw, not a user flaw.

This sums it up quite well.
sr. member
Activity: 448
Merit: 250
I'd suggest anyone who hasn't, and refuses to return the double div, be blacklisted from btct.co.
This is totally nonsense.
One of the biggest piles of nonsense I've ever witnessed.

The whole point of "returning the funds" is that you return them at your own will, as opposite to forcing you to return them.
So you are suggesting that you do "at your own will OR ELSE you get banned"... lol I'm astonished on how utterly broken this "suggestion" is.

I mean, I know this problem has been solved now, but noticing such an enormous amount of broken-ness in just a single post amazed me, I couldn't refrain from replying.


So you're the kind of person that if a store undercharges you (by giving you too much change back) you don't be honest and correct the mistake? If I was the store owner and noticed that you had been undercharged and then asked you to pay the difference and you refused, you don't think I'd have the right to ban you from the store, since what you are essentially doing is stealing?
sr. member
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
Will the new bitcoin client cause a problem for ASICMINER by limiting dust transactions or can ASICMINER now relay their own Satoshi size transactions?
Well, they can, but they should really stop spamming the blockchain regardless :/

Spamming the blockchain?  Asicminer do it once a week, in a big transaction... go blame SDice for spam.  Asicminers usage of satoshies/dust at least has real utility.
It's a matter of principle, and regardless of how often it happens, it's spam. The blockchain isn't supposed to transmit arbitrary data like "you own that many shares" or "it's xx degrees here in florida".

And we can add that this particular transaction doesn't add any significant information. IMHO it would be way better maintaining a public spreadsheet where shareholders can verify theirs holdings some time before the dividends, in case they have to claim something. But this process of marking holding, followed immediately by dividends, is way, way pointless and harmful...
donator
Activity: 980
Merit: 1000
I'd argue the blockchain is supposed to do whatever people can do with it. Anything unwanted is a design flaw, not a user flaw.
+1

if this kind of transaction bothers anyone, he should press for mandatory fees or something like that, but as long as the protocol allows it, then you should blame the protocol.

The protocol says that miners decide which transactions go in and which don't.

Vote by mining in a pool with a policy you agree with. This is why I mine with Eligius.

This is probably not a sufficient solution in all cases, but thinking that any transaction allowed by a protocol has to happen is also untrue.
sr. member
Activity: 362
Merit: 250
Looking forward to today's update, looks like deployment has progressed the last week and sales are strong.

Would also be interested in hearing where in the process the 200TH order is, and how far the planning for next-gen chips has progressed.
hero member
Activity: 630
Merit: 500
Bitgoblin
I'd argue the blockchain is supposed to do whatever people can do with it. Anything unwanted is a design flaw, not a user flaw.
+1

if this kind of transaction bothers anyone, he should press for mandatory fees or something like that, but as long as the protocol allows it, then you should blame the protocol.
hero member
Activity: 518
Merit: 500
Will the new bitcoin client cause a problem for ASICMINER by limiting dust transactions or can ASICMINER now relay their own Satoshi size transactions?
Well, they can, but they should really stop spamming the blockchain regardless :/

Spamming the blockchain?  Asicminer do it once a week, in a big transaction... go blame SDice for spam.  Asicminers usage of satoshies/dust at least has real utility.
It's a matter of principle, and regardless of how often it happens, it's spam. The blockchain isn't supposed to transmit arbitrary data like "you own that many shares" or "it's xx degrees here in florida".

I'd argue the blockchain is supposed to do whatever people can do with it. Anything unwanted is a design flaw, not a user flaw.
Jump to: