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Why isn't proof of stake more widely supported? Bitcoin Discussion
I´m all for moving to a 50/50...I´m against a Pos only.Your argument is correct,…
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n/a | cunicula | March 16, 2012, 03:52:45 AM |
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Why isn't proof of stake more widely supported? Bitcoin Discussion
Understand that. But it is important to know whether the primary issue is disagr…
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n/a | cunicula | March 16, 2012, 01:32:56 AM |
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Why isn't proof of stake more widely supported? Bitcoin Discussion
how can you possibly make this thread when you made the wiki page like 2 days ag…
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n/a | cunicula | March 16, 2012, 01:23:58 AM |
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Why isn't proof of stake more widely supported? Bitcoin Discussion
Anyway, I've made these kind of arguments many times over the past two years, qu…
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n/a | cunicula | March 16, 2012, 01:19:20 AM |
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Why isn't proof of stake more widely supported? Bitcoin Discussion
Currently, miners currently reveal ip adresses and where their coins are sent, b…
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n/a | cunicula | March 16, 2012, 12:19:19 AM |
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Why isn't proof of stake more widely supported? Bitcoin Discussion
If coinbase transactions take 120 blocks, lets say, for their outputs to mature,…
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n/a | cunicula | March 16, 2012, 12:37:39 AM |
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Why isn't proof of stake more widely supported? Bitcoin Discussion
Proof of stake already exists. Anyone with a significant amount of Bitcoins has…
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n/a | cunicula | March 16, 2012, 12:07:46 AM |
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Why isn't proof of stake more widely supported? Bitcoin Discussion
It would, at a minimum, require associations between the addresses within a ma…
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n/a | cunicula | March 16, 2012, 12:03:27 AM |
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Why isn't proof of stake more widely supported? Bitcoin Discussion
To make an informed decision, read about proof-of-stake in the wiki [ https://en…
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n/a | cunicula | March 15, 2012, 11:49:08 PM |
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Proof of Stake Bitcoin Discussion
A Pos would also be part of a sollution to another "problem" Bot mining?Yes, PoS…
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n/a | cunicula | March 15, 2012, 11:39:42 PM |
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Proof of Stake Bitcoin Discussion
The start-up of such a chain could be interesting. First person has no stake. Ea…
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n/a | cunicula | March 15, 2012, 09:29:59 PM |
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Proof of Stake Bitcoin Discussion
I was assuming each iteration corresponds to a time unit. If each iteration corr…
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n/a | cunicula | March 15, 2012, 09:28:33 PM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
It will be interesting to see if the people currently selling ASIC systems will…
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n/a | cunicula | March 15, 2012, 09:05:17 PM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I wanted to reiterate a point about market power and its (lack of) potential to…
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n/a | cunicula | March 15, 2012, 12:41:14 PM |
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Proof of Stake Bitcoin Discussion
Are you sure that's your simulation? The line rand(1) < (10^-8)/(k*conf(1)^alpha…
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n/a | cunicula | March 15, 2012, 12:33:40 PM |
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Proof of Stake Bitcoin Discussion
I believe some coder should implement my mixed proof-of-work / proof-of-stake so…
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n/a | cunicula | March 15, 2012, 04:47:07 AM |
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Proof of Stake Bitcoin Discussion
I believe some coder should implement my mixed proof-of-work / proof-of-stake so…
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n/a | cunicula | March 15, 2012, 03:52:03 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Altogether, this will come together in such way that Bitcoin will remain secure…
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n/a | cunicula | March 15, 2012, 01:38:29 AM |
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Proof of Stake Bitcoin Discussion
I think you're not clearly thinking about the dynamics of this. A target which g…
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n/a | cunicula | March 14, 2012, 10:53:51 AM |
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Proof of Stake Bitcoin Discussion
D&T. I agree with you about escrowing coins, but I think we need to take things…
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n/a | cunicula | March 14, 2012, 11:01:16 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
There are financial incentives to small timers getting in on mining whenever any…
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n/a | cunicula | March 14, 2012, 02:20:39 AM |
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Proof of Stake Bitcoin Discussion
Maybe instead of adding some kind of escrow system to hold miner's coins it woul…
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n/a | cunicula | March 13, 2012, 02:23:47 PM |
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Proof of Stake Bitcoin Discussion
I think I am still confused about this formula. I assumed the max function would…
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n/a | cunicula | March 13, 2012, 02:21:51 PM |
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Proof of Stake Bitcoin Discussion
[In Cunicula's system, voting power is determined by combining (multiplicatively…
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n/a | cunicula | March 13, 2012, 01:25:33 PM |
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Proof of Stake Bitcoin Discussion
Why would I trust a large speculator holding a lot of BTC to act in the best int…
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n/a | cunicula | March 13, 2012, 01:13:26 PM |
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Proof of Stake Bitcoin Discussion
Also, can someone please add a tl;dr on what are the key differences between the…
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n/a | cunicula | March 13, 2012, 01:05:03 PM |
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Proof of Stake Bitcoin Discussion
[In Cunicula's system, voting power is determined by combining (multiplicatively…
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n/a | cunicula | March 13, 2012, 12:29:22 PM |
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Proof of Stake Bitcoin Discussion
Thanks for the cogent argument, d&t. You explained things quite well. I agree wi…
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n/a | cunicula | March 13, 2012, 08:37:15 AM |
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Wonder who this solominer is? 88.6.216.9 Mining
Why would value plummet, if the practical usefulness of the txn medium for users…
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n/a | cunicula | March 13, 2012, 05:49:35 AM |
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Proof of Stake Bitcoin Discussion
Can you clear up your formula bro?(Aggregate difficulty)^{1/((1-p)}an error righ…
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n/a | cunicula | March 13, 2012, 05:35:33 AM |
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Proof of Stake Bitcoin Discussion
I have updated the wiki with a very brief discussion of my proposal. You will se…
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n/a | cunicula | March 13, 2012, 12:57:49 AM |
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Wonder who this solominer is? 88.6.216.9 Mining
Why would value plummet, if the practical usefulness of the txn medium for users…
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n/a | cunicula | March 13, 2012, 12:52:26 AM |
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Wonder who this solominer is? 88.6.216.9 Mining
As long as the 'proof of work' has not been bypassed, I do not think this is a b…
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n/a | cunicula | March 12, 2012, 11:31:02 PM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I've read a lot about monopoly here, as if they are guaranteed, but no real ment…
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n/a | cunicula | March 12, 2012, 11:02:53 AM |
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Forgetting the forgetful Development & Technical Discussion
I don't consider botsnets problematic on their face. Why should I?Do you consid…
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n/a | cunicula | March 12, 2012, 11:01:51 AM |
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Wonder who this solominer is? 88.6.216.9 Mining
Some charting skills. This is getting really weird.hmm... so it is growing. Wond…
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n/a | cunicula | March 12, 2012, 10:59:33 AM |
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Forgetting the forgetful Development & Technical Discussion
Hmm.. If a botnet really does have 16%, then doesn't it seem likely that a botne…
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n/a | cunicula | March 12, 2012, 10:02:32 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
That's certainly a possible solution, but deciding on the minimum fee is not tri…
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n/a | cunicula | March 12, 2012, 09:30:09 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
That's certainly a possible solution, but deciding on the minimum fee is not tri…
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n/a | cunicula | March 12, 2012, 08:01:42 AM |
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Making a BTC pitch to a billionaire Bitcoin Discussion
Suggest that he set up a benevolent mining monopoly which controls the majority…
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n/a | cunicula | March 12, 2012, 05:25:04 AM |
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Proof of Stake Bitcoin Discussion
Increasing fees or making it harder to get your transactions into blocks isn't…
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n/a | cunicula | March 12, 2012, 04:14:26 AM |
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People paid by banking elite to troll this Forum? Meta
I think Banking elite doesn't care about this forum, and never will. Even if so…
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n/a | cunicula | March 12, 2012, 04:12:50 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
[...]For example, suppose DeepBit changed policy to only include tx that had fee…
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n/a | cunicula | March 12, 2012, 04:05:38 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
This makes sense, but I think that quantitatively it will only be enough if powe…
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n/a | cunicula | March 12, 2012, 03:05:21 AM |
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Prayers for Bitcoins! Announcing the Church of Bitcoin! Off-topic
We would like to offer a new service to fellow bitcoiners, we are sure some of y…
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n/a | cunicula | March 12, 2012, 02:02:13 AM |
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[ANNOUNCE] btctip.com- send bitcoins with a tweet Project Development
Quote from: cuniculaDoes this differ in some way from "http://www.paybitback.com…
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n/a | cunicula | March 12, 2012, 01:56:49 AM |
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Proof of Stake Bitcoin Discussion
Such questions are why I ended up liking the simplicity of just counting the sta…
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n/a | cunicula | March 12, 2012, 01:54:55 AM |
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Proof of Stake Bitcoin Discussion
Part of the problem is that there are two distinct proposals and the answers dep…
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n/a | cunicula | March 12, 2012, 01:54:02 AM |
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[ANNOUNCE] btctip.com- send bitcoins with a tweet Project Development
Does this differ in some way from "http://www.paybitback.com/"? They have been a…
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n/a | cunicula | March 12, 2012, 12:02:47 AM |
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P2P Cryptocoin Exchange (P2PX) Project Development
Almost all exchange volume is related to speculative or hedging purchases by peo…
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n/a | cunicula | March 11, 2012, 11:54:46 PM |
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[ANNOUNCE] btctip.com- send bitcoins with a tweet Project Development
Does this differ in some way from "http://www.paybitback.com/"? They have been a…
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n/a | cunicula | March 11, 2012, 11:44:25 PM |
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Proof of Stake Bitcoin Discussion
So you pick an address whose balance you want to use as stake for the block you…
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n/a | cunicula | March 11, 2012, 11:36:54 PM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Let me rephrase that. I would like to see a scheme that regulates a 51% attacke…
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n/a | cunicula | March 11, 2012, 11:33:09 PM |
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Proof of Stake Bitcoin Discussion
People with more BTC = people able to buy more mining power. It's quite equivale…
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n/a | cunicula | March 11, 2012, 11:08:30 PM |
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[If tx limit is removed] Disturbingly low future difficulty equilibrium Bitcoin Discussion
All this talk of a monopoly. Do you happen to work for Microsft, Adobe, the US G…
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n/a | cunicula | March 11, 2012, 10:46:24 PM |
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[If tx limit is removed] Disturbingly low future difficulty equilibrium Bitcoin Discussion
It seems to me that a monopolist would have the most incentive to create a monop…
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n/a | cunicula | March 11, 2012, 10:29:55 PM |
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P2P Cryptocoin Exchange (P2PX) Project Development
And how will irreversible BitUSD exchange from reversible USD? That doesn't ever…
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n/a | cunicula | March 11, 2012, 08:25:40 PM |
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[If tx limit is removed] Disturbingly low future difficulty equilibrium Bitcoin Discussion
Wait a second. You think that the monopoly miner will be able to leave most of…
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n/a | cunicula | March 11, 2012, 08:13:27 PM |
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S3052 and Manipulation Techniques Speculation
This is actually no longer a technicial task of prediction, but competition who…
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n/a | cunicula | March 11, 2012, 10:55:04 AM |
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[If tx limit is removed] Disturbingly low future difficulty equilibrium Bitcoin Discussion
I agree that competitive mining has some advantages. However, in other respects…
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n/a | cunicula | March 11, 2012, 10:48:33 AM |
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P2P Cryptocoin Exchange (P2PX) Project Development
You went through a lot there, markm. I am suffering from tl;dr. I apologize. Cou…
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n/a | cunicula | March 11, 2012, 09:43:32 AM |
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Dynamic Defensive Hashing for the Bitcoin Network Bitcoin Discussion
If the motivation is to establish an enduring mining monopoly (which seems like…
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n/a | cunicula | March 11, 2012, 09:36:38 AM |
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Dynamic Defensive Hashing for the Bitcoin Network Bitcoin Discussion
If the motivation is to establish an enduring mining monopoly (which seems like…
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n/a | cunicula | March 11, 2012, 09:07:24 AM |
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[If tx limit is removed] Disturbingly low future difficulty equilibrium Bitcoin Discussion
Yes, I agree that forum members are vehemently opposed to a mining monopoly. I…
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n/a | cunicula | March 11, 2012, 09:03:40 AM |
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P2P Cryptocoin Exchange (P2PX) Project Development
The central sticking point with all of this is establishing a cryptocurrency whi…
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n/a | cunicula | March 11, 2012, 08:33:34 AM |
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Proof of stake brainstorming Development & Technical Discussion
Mini, instead of having an address represent a pair of keys, what about using th…
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n/a | cunicula | March 11, 2012, 07:56:46 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Meni's system polls stake and work separately. I believe validity requires concu…
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n/a | cunicula | March 11, 2012, 07:09:50 AM |
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[If tx limit is removed] Disturbingly low future difficulty equilibrium Bitcoin Discussion
It is worth pointing out that the disturbingly low difficulty is just the compet…
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n/a | cunicula | March 11, 2012, 07:04:47 AM |
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Making a BTC pitch to a billionaire Bitcoin Discussion
No, please make the pitch. If he is a reasonable guy, then a mining monopoly und…
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n/a | cunicula | March 11, 2012, 06:55:46 AM |
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P2P Cryptocoin Exchange (P2PX) Project Development
I mean, hell, why not have irreversible BitUSD, that exchanges into irreversible…
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n/a | cunicula | March 11, 2012, 06:48:59 AM |
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P2P Cryptocoin Exchange (P2PX) Project Development
And how will irreversible BitUSD exchange from reversible USD? That doesn't ever…
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n/a | cunicula | March 11, 2012, 06:46:28 AM |
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Making a BTC pitch to a billionaire Bitcoin Discussion
Suggest that he set up a benevolent mining monopoly which controls the majority…
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n/a | cunicula | March 11, 2012, 06:41:38 AM |
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Making a BTC pitch to a billionaire Bitcoin Discussion
Suggest that he set up a benevolent mining monopoly which controls the majority…
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n/a | cunicula | March 10, 2012, 11:06:15 PM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I would be tremendously excited to see a proof-of-concept, but please don't name…
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n/a | cunicula | March 10, 2012, 08:36:24 PM |
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P2P Cryptocoin Exchange (P2PX) Project Development
Exchanges. What will they be exchanging? Irreversible BitUSD to irreversible Bit…
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n/a | cunicula | March 10, 2012, 09:17:42 PM |
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P2P Cryptocoin Exchange (P2PX) Project Development
What's the point of having a currency that has a fixed exchange rate with USD an…
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n/a | cunicula | March 10, 2012, 07:35:41 PM |
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P2P Cryptocoin Exchange (P2PX) Project Development
What's the point of having a currency that has a fixed exchange rate with USD an…
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n/a | cunicula | March 10, 2012, 11:39:19 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I prefer to call an attack a takeover. Attack suggests a hostile intent towards…
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n/a | cunicula | March 10, 2012, 11:36:33 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I don't understand the assumption that you have to keep network speeds at the cu…
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n/a | cunicula | March 10, 2012, 07:43:12 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
This is an iterated game (compare it to iterated prisoners dilemma vs single rou…
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n/a | cunicula | March 10, 2012, 06:59:12 AM |
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P2P Cryptocoin Exchange (P2PX) Project Development
The central sticking point with all of this is establishing a cryptocurrency whi…
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n/a | cunicula | March 10, 2012, 04:37:59 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I have several reasons for doubting that assurance contracts will be useful. In…
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n/a | cunicula | March 10, 2012, 04:26:32 AM |
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If JP Morgan and Goldman Sachs owned 80% of the entire Bitcoin mining power.. Economics
It's not that simple. You never know if you actually have 49% or 51% and if you…
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n/a | cunicula | March 10, 2012, 02:33:48 AM |
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The Amazing (And True!) Story of Bitcoin by Adrianne Jeffries - Video Bitcoin Discussion
She has an impish smile and nice legs. I don't have much more good to say about…
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n/a | cunicula | March 10, 2012, 12:46:19 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I am serious. Completely.
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n/a | cunicula | March 09, 2012, 11:55:46 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Other miners who are not trying for monopoly would not be willing to mine at a l…
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n/a | cunicula | March 09, 2012, 11:18:15 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
There is simply too much opportunity for people to find electricity that is subs…
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n/a | cunicula | March 09, 2012, 11:16:25 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
If anyone succeeded in monopolizing mining power, the price of bitcoin will plum…
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n/a | cunicula | March 09, 2012, 11:15:05 AM |
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[If tx limit is removed] Disturbingly low future difficulty equilibrium Bitcoin Discussion
Thanks for covering this D&T. I wanted to write something similar to this, but d…
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n/a | cunicula | March 09, 2012, 11:04:28 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Let me rephrase that. I would like to see a scheme that regulates a 51% attacke…
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n/a | cunicula | March 09, 2012, 11:01:00 AM |
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Wonder who this solominer is? 88.6.216.9 Mining
Is their share of hashing power growing over time?
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n/a | cunicula | March 09, 2012, 10:59:37 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Attractive is not a sufficient condition. You also need to have a mechanism whe…
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n/a | cunicula | March 09, 2012, 10:57:24 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Ignore the security/public good issue for a moment and focus on the issue of whe…
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n/a | cunicula | March 09, 2012, 10:54:55 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
its not profitable. all of us are in this thing b/c of the distributed nature o…
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n/a | cunicula | March 09, 2012, 10:53:36 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Attractive is not a sufficient condition. You also need to have a mechanism whe…
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n/a | cunicula | March 09, 2012, 10:45:04 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Ignore the security/public good issue for a moment and focus on the issue of whe…
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n/a | cunicula | March 09, 2012, 10:27:15 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I believe Bitcoin already has everything required to handle this situation by ha…
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n/a | cunicula | March 09, 2012, 09:47:59 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Here is a previous discussion about this, thanks to Meni for pointing it out.Als…
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n/a | cunicula | March 09, 2012, 07:19:39 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
I am one of those "irrational and stupid users" that would hate to see a mining…
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n/a | cunicula | March 09, 2012, 07:14:20 AM |
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Bitcoin & Tragedy of the Commons Bitcoin Discussion
Yeah, ripper that is basically it. That is why we are very likely to end up in t…
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n/a | cunicula | March 09, 2012, 05:11:50 AM |
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