Author

Topic: Gold collapsing. Bitcoin UP. - page 960. (Read 2032274 times)

legendary
Activity: 1372
Merit: 1000
September 12, 2014, 05:03:06 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

My concern would be the time required to write the blockchain to that
You have 10 min and a write speed of 90meg a second with an average block size under 1 meg.
I think the pi will top out at about 10meg a second so it should work as a node.
legendary
Activity: 1414
Merit: 1000
September 12, 2014, 03:54:08 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

My concern would be the time required to write the blockchain to that

Do you mean:

 95Mb => 10 MB/s => 1 GB/ 100 s
 => 26 GB / 44 mins

Edit:
or 8 x faster  if B is "B" not "b"
legendary
Activity: 1764
Merit: 1002
September 12, 2014, 03:35:44 PM
nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."

Pretty sure he's excluding the people you are talking with the word "irrational."
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
September 12, 2014, 03:33:43 PM
nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."

i disagree
legendary
Activity: 1400
Merit: 1013
September 12, 2014, 03:32:45 PM
nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
September 12, 2014, 03:22:35 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:


No serious person has had significant concerns about 'blockchain storage' since about forever.  It's been a red herring from day one.  What people are concerned about is access to that storage.  That could be internal (fully verifying a transaction history in the way that Bitcoin was originally advertise) or external (access to high quality and unencumbered bandwidth) should the transaction rate be increased by a large margin.



nonsense, poeple are many many irrational fears about bitcoin this is one of them.
legendary
Activity: 4760
Merit: 1283
September 12, 2014, 03:21:10 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:


No serious person has had significant concerns about 'blockchain storage' since about forever.  It's been a red herring from day one.  What people are concerned about is access to that storage.  That could be internal (fully verifying a transaction history in the way that Bitcoin was originally advertise) or external (access to high quality and unencumbered bandwidth) should the transaction rate be increased by a large margin.

legendary
Activity: 1764
Merit: 1002
September 12, 2014, 03:20:35 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

My concern would be the time required to write the blockchain to that
legendary
Activity: 1372
Merit: 1000
September 12, 2014, 01:52:42 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad
legendary
Activity: 1764
Merit: 1002
September 12, 2014, 01:43:08 PM
Dow in a clear short term sell signal:

legendary
Activity: 1764
Merit: 1002
September 12, 2014, 01:40:28 PM
Energy SPDR:

donator
Activity: 2772
Merit: 1019
September 12, 2014, 01:39:00 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



fucking hell!
legendary
Activity: 1764
Merit: 1002
September 12, 2014, 01:38:14 PM
commodity producer Australia breaking support:

donator
Activity: 2772
Merit: 1019
September 12, 2014, 01:37:32 PM
Bitcoin annualised inflation rates just recently went into single figures ... now at 9.91%.

I feel like a celebration is in order for the bitcoin algorithm taming inflation to below 10%!!

https://bitcointalksearch.org/topic/m.1397456

Looks like we just surpassed the cross on the second chart of time.
I don't see what you see. The cross under 10% is supposed to happen in mid-2015. It may have been brought earlier by the constant increase in hashrate, but at the same time this causes a shorter block time and higher coin emission (around +10% these days), so I think it can be confidently stated that we are still months away from going under 10% annual inflation.

At block 320,351 (right about now) annualized inflation is roughly:

Code:
(1 + (25*6*24) / ( 210000 * 50 + (320351 - 210000) * 25 ) ) ^ 365 - 1 = 10.4%

EDIT: corrected a 24 to a 25 which I previously thought I had corrected but instead f-ed up.

So yeah, if this is correct, we're not at 10% yet (about 140 more days to go)
legendary
Activity: 1764
Merit: 1002
September 12, 2014, 01:33:06 PM
please don't get caught catching a falling knife:

legendary
Activity: 1764
Merit: 1002
September 12, 2014, 01:25:12 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:

Information storage and retrieval is becoming free.

that's bad for incumbents.
legendary
Activity: 1764
Merit: 1002
September 12, 2014, 01:22:58 PM
risk rising once again:

legendary
Activity: 1153
Merit: 1000
September 12, 2014, 01:22:49 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:

Information storage and retrieval is becoming free.
legendary
Activity: 1764
Merit: 1002
September 12, 2014, 01:10:37 PM
this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:

legendary
Activity: 1764
Merit: 1002
September 12, 2014, 12:47:36 PM
unloading so many stacks is going to be just brutal.  lotsa sore backs like i found out in 2011.  not to mention the lack of liquidity and haircuts involved. 
Jump to: