Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 60. (Read 959607 times)

This is exactly what I talk about. In the case of purchasing something in a store IT IS WRONG to use Bitcoin directly. Bitcoin is NOT a instant transaction service. Anyone considering accepting 0 or 1 confirms for Bitcoin deserves to get burned. DO NOT DO IT! Do not even consider it. Seriously. Do not!

If a merchant wants instant transactions use one of many commercial services available.

If a merchant wants to use Bitcoin directly then do it right. 6 confirmations minimum!

Good point, for some dumb reason I was only thinking of online shopping. If it were a small vendor though I would imagine it would just be his personal wallet and would ultimately be up to him to accept at 0 confirms or wait for more.

Or if you are purchasing something in store.  I would hate to have to wait 60minutes for a beer from some local vendor.

Nastyfans.org is working for me at the moment, at least on my iPhone's Safari browser.

And @OgNasty- I can already tell those coins are going to look fucking amazing! The sheer thickness of that hunk of .999 silver is a thing of beauty! Can't wait to to see full front & back pictures of the finished product with holograms in place. I just wish I could have afforded one, but I will buy/sell/trade my way there eventually.


Thanks for the clarification nonnakip. I am definitely not a fan of the Bitcoin Foundation and all of their BS drama, and for the fact that an average person may confuse the BF's relation to Bitcoin or may think they are somehow "in charge" of Bitcoin, which would be the complete opposite of decentralization. Like you said BitPay and other organizations consider the invoice paid immediately after receiving the Bitcoin transaction. I don't see why 60 minutes would be a big deal for any company to wait anyways, unless perhaps they are selling digitally transferred goods, because unless they ship the purchased item within 1 hour it shouldn't be a big deal. Instead of an "instant pay system" that works on 0 confirms, why not pop up a message stating "Bitcoin Payment Received. After your payment has received 6 confirmations from the Bitcoin Network, it will be considered ready for shipping. This process is a safety precaution and usually takes approximately 1 hour." ?

Yep I cant mine riht now.  sorry about that. Let us know when its back up!

Looks like a DNS issue is effecting some users.  I'll look into it and see if I can find a more reliable DNS server.

Can anyone get to nastyfans.org or is it just me that can't at the moment?

I do not have any links and I did not read any articles. This is my opinion. My experience comes from handling nastyfans transactions using my own custom Bitcoin node since 2012.

The Bitcoin Foundation receives pressure to create a instant pay system. For this reason they encourage organizations to accept unconfirmed payments. THIS IS WRONG! Any organization that accepts payments with less than 6 confirmations do not understand how Bitcoin works and deserve to be ripped off with double-spending tricks.

By using stupid first come first serve logic and transaction coloring Bitcoin XT encourages acceptance of unconfirmed transactions. And by doing this they also are saying double-spenders are evil. THAT IS ALSO WRONG! Even nastyfans was required to double-spend to get funds out.

Bitcoin protocol requires 60 minutes for reliable transaction confirmation. If that is too long for the commercial world then using Bitcoin directly is not for them. There are plenty of business models like BitPay that allow merchants to have immediate confirmations for a service fee.

Engraving of the 5 Minted Seats Coins have begun.

LIVE CHAT HAPPENING NOW!

[link removed]

Thanks to those who attended.

Damn nonnakip, that sounds fucked up about double spending. Could you link a good, unbiased article or thread you've seen about it so I could read it? Every time I've looked at the "Bitcoin Discussion" section or other Bitcoin news sites recently all I've seen is people bitching about it both ways and in almost every thread/article. To be honest it just kind of made me avoid all those threads and not want to read about it, especially because there is so much FUD posted about both sides, conspiracies, and tons of shill/newbie accounts posting it. I know it basically stemmed from the block size debate and Gavin mentioning "Bitcoin XT", but I haven't been following it much.

I've been avoiding it like I do with anything that has the words "Bitcoin Foundation" in the title. 

So if I read right you do not agree with Bitcoin XT.

what is your opinion on the size of the block ? 

Their double-spending policy is idiotic. Double-spending is a feature. They might as well accept "first seen" blocks too. That shows their lack of fundamental understanding of what Bitcoin is about.

The Bitcoin protocol is not about first come first serve. In fact Bitcoin should not give a damn about time. If sh*t like that ever makes it into official Bitcoin protocol, Bitcoin has no future.

Distribution 359571 is complete. nastyfans appreciates the donations.

Last 4 weeks distribution NastyPoP payout rates (vs. expected):
window25 0.00008085 BTC per GH/s (109.4%)
window26 0.00013109 BTC per GH/s (180.7%)
window27 0.00010167 BTC per GH/s (141.0%)
window28 0.00009300 BTC per GH/s (126.6%)

Good thanks you!  

Hey I was curious what do NastyFans member think of the fork and the Bitcoin XT stuff ?

I still can decide if im for or against  

A link will get posted to this thread.

and where to we connect. I forgot 

Keep in mind that the virgin 1 oz and 5 oz coins waiting to become minted seats have "ONE SEAT" and "FIVE SEATS" pressed on them. So those coins will remain fixed to 1 and 5 minted seats.

This poll is to clean up policy language and clarify that multiple-seat minted coins are allowed.

It may be interesting to one day offer a coin where fans could order the amount of seats to mint to the coin and NASTY MINING could engrave the seat count on such coins. Maybe on 10 oz silver bars? 

This is the poll to officially clear the way for the 5 Minted Seats coins to exist.  Please vote in favor of the policy change.

A 100-seat coin?   That would be cool!

Voted.