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Bitcoin is at $650... says who? Service Discussion
So, all prices are pretty much determined by the prices on the exchanges.. but w…
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n/a | JoelKatz | December 22, 2013, 10:40:40 PM |
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How many possibly bitcoin addresses are there exactly? And how long does it... Development & Technical Discussion
So there are 2^160 public keys but only 2^96 private keys? Ho does that add up?A…
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n/a | JoelKatz | December 22, 2013, 02:50:30 AM |
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As a deflationary currency, is Bitcoin the right answer? Politics & Society
Quote...in a deflationary environment, no one spends money — because whatever yo…
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n/a | JoelKatz | December 20, 2013, 08:08:16 PM |
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"Backing" - what does this actually MEAN? Economics
Why do you guys have such difficulty with the term backing? As I said: The goal…
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n/a | JoelKatz | December 18, 2013, 01:45:47 PM |
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"Backing" - what does this actually MEAN? Economics
Backing is a guarantee (weak or strong) [/b]that the media of exchange will be a…
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n/a | JoelKatz | December 17, 2013, 08:02:21 PM |
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"Backing" - what does this actually MEAN? Economics
The problem with this thread, and the many others like it, is that definitions g…
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n/a | JoelKatz | December 16, 2013, 02:07:07 AM |
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"Backing" - what does this actually MEAN? Economics
JK you of all people are not allowed to repeat such idiocy, YOU KNOW THE CODE, C…
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n/a | JoelKatz | December 16, 2013, 01:11:17 AM |
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"Backing" - what does this actually MEAN? Economics
Backing= guarantee of future exchange valueBC, needs a guarantee of its future e…
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n/a | JoelKatz | December 15, 2013, 10:57:08 PM |
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"Backing" - what does this actually MEAN? Economics
"Backing" is a solution to a problem that Bitcoin doesn't have. The reason you w…
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n/a | JoelKatz | December 15, 2013, 08:16:30 PM |
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Ripple competition Speculation
Does that mean it only applies to IOU types where the restriction to to verified…
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n/a | JoelKatz | December 14, 2013, 10:10:06 PM |
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Ripple competition Speculation
Interesting. Is this fee just the "quality" setting of the rippling mechanism in…
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n/a | JoelKatz | December 14, 2013, 04:17:04 PM |
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STOP!!! Do not buy that new ASIC ! And here's why... Mining speculation
Mining is once again profitable =) Only in the same sense that "buy Bitcoins wit…
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n/a | JoelKatz | December 14, 2013, 12:09:09 AM |
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Ripple competition Speculation
fractional reserve gateways...that's scary....that you have said it lends creden…
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n/a | JoelKatz | December 13, 2013, 01:57:54 PM |
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Ripple competition Speculation
I still do not get why they have Ripples other than to just try to get some extr…
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n/a | JoelKatz | December 12, 2013, 06:24:17 PM |
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What happens if traditional bankers kidnaps Bitcoin ? Economics
Let's say the traditional bankers start buying large amounts of bitcoins and the…
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n/a | JoelKatz | December 12, 2013, 06:35:51 PM |
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Ripple competition Speculation
Depending on synchrony assumptions and message creation times I am very much inc…
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n/a | JoelKatz | December 12, 2013, 03:07:17 PM |
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Ripple competition Speculation
What are the incentives for an exchange or a bank to become a gateway ?The prima…
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n/a | JoelKatz | December 11, 2013, 01:15:56 PM |
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Would you mine in a pool that gave you most of a block that you'd mined? Pools
If difficulty never increases, sure. If block rewards never change, sure. But…
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n/a | JoelKatz | December 04, 2013, 05:47:05 PM |
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Would you mine in a pool that gave you most of a block that you'd mined? Pools
The payouts would only be fair if everyone had a very similar hashrateHow do you…
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n/a | JoelKatz | November 27, 2013, 02:45:23 AM |
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Do you know anyone in the REAL WORLD who has bought bitcoin? Bitcoin Discussion
I haven't seen a store that takes it, and everyone I talk to thinks it's "risky"…
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n/a | JoelKatz | November 26, 2013, 10:31:26 PM |
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Would you mine in a pool that gave you most of a block that you'd mined? Pools
The proposed reward system is to give 18.75 BTC to the finder who then gets no c…
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n/a | JoelKatz | November 26, 2013, 10:28:27 PM |
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Would you mine in a pool that gave you most of a block that you'd mined? Pools
How are you going to pay the remainder of miners on the usual share basis when y…
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n/a | JoelKatz | November 26, 2013, 01:49:53 PM |
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How long did it take you to become a Bitcoin true believer after heard about it? Bitcoin Discussion
I think it was soon as I realized that the double-spend problem was the only rea…
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n/a | JoelKatz | November 25, 2013, 07:05:14 AM |
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Why aren't transactions faster? Development & Technical Discussion
You may note that I'm responding to Maaku claiming that 1 confirm on λ=1/10 is…
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n/a | JoelKatz | November 25, 2013, 07:02:53 AM |
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Why aren't transactions faster? Development & Technical Discussion
This is a commonly held belief here, but incorrect. One 10-second confirmation p…
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n/a | JoelKatz | November 25, 2013, 04:45:27 AM |
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Why aren't transactions faster? Development & Technical Discussion
This is a commonly held belief here, but incorrect. One 10-second confirmation p…
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n/a | JoelKatz | November 25, 2013, 04:27:35 AM |
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Why aren't transactions faster? Development & Technical Discussion
Not quite - if the priority is very low there is every chance that the tx may *d…
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n/a | JoelKatz | November 25, 2013, 03:48:07 AM |
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Why aren't transactions faster? Development & Technical Discussion
What are the practical chances of getting screwed if one accepts a zeroconf tran…
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n/a | JoelKatz | November 25, 2013, 03:35:19 AM |
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Why aren't transactions faster? Development & Technical Discussion
But it gives you the option of accepting a transaction that has 1/10th the secur…
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n/a | JoelKatz | November 25, 2013, 03:28:39 AM |
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Ripple competition Speculation
There is some recurring issues were USD is not fungible, so you can't sell your…
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n/a | JoelKatz | November 22, 2013, 04:31:01 PM |
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Ripple competition Speculation
And what should I do to be able to deposit my 44,000 XRP at Bitstamp ?That doesn…
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n/a | JoelKatz | November 22, 2013, 01:44:00 PM |
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Transactions Withholding Attack Economics
One thing that all of you have failed to do is argue why I shouldn't fix the att…
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n/a | JoelKatz | November 20, 2013, 02:49:10 PM |
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Is competition healthy for Bitcoin? Bitcoin Discussion
Competition in the Eco system is good and all competition is good for consumers.…
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n/a | JoelKatz | July 03, 2013, 06:01:40 PM |
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Blockchain weaknesses, how does bitcoin solve/protect against it ? Beginners & Help
How many peers are we talking about? If one peer reports the transaction is inv…
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n/a | JoelKatz | November 18, 2013, 12:38:30 AM |
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Transactions Withholding Attack Economics
The customer is not going to shop only one time on the cartel, because it is a c…
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n/a | JoelKatz | November 17, 2013, 07:44:24 PM |
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Transactions Withholding Attack Economics
Because offchain would not be protected against double-spend.You can't have it b…
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n/a | JoelKatz | November 17, 2013, 04:48:28 PM |
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Transactions Withholding Attack Economics
Why would they bother though? If so many people are using their wallet and payin…
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n/a | JoelKatz | November 17, 2013, 03:36:15 AM |
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What ROI really means... Mining
actually it's negative if you take into account opportunity cost.Doubtful, unles…
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n/a | JoelKatz | November 16, 2013, 11:12:57 PM |
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"New address for each payment" is a logic bomb Development & Technical Discussion
And if they don't how do they know that the pubkey I am sending them, is the sam…
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n/a | JoelKatz | November 16, 2013, 10:46:35 PM |
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"New address for each payment" is a logic bomb Development & Technical Discussion
R u sure? I was thinking that 160-bit hash provides 80-bit security.You're not w…
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n/a | JoelKatz | November 15, 2013, 06:34:12 PM |
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Ripple competition Speculation
So that's what I was saying, I need to check signatures all the way down to poss…
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n/a | JoelKatz | November 15, 2013, 02:29:02 AM |
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Ripple competition Speculation
But if I don't get to check the signatures all the way down to the last node in…
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n/a | JoelKatz | November 15, 2013, 02:22:32 AM |
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"New address for each payment" is a logic bomb Development & Technical Discussion
Maybe. As time passes probability of 51% attack goes to zero, while probability…
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n/a | JoelKatz | November 15, 2013, 02:18:10 AM |
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Swedish ASIC miner company kncminer.com Mining (Altcoins)
Side note: I can't tell a difference between the I30 and the A30. The fan is o…
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n/a | JoelKatz | November 15, 2013, 02:15:56 AM |
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"New address for each payment" is a logic bomb Development & Technical Discussion
It's a PR attack.You can launch a 51% attack just by expending more effort than…
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n/a | JoelKatz | November 15, 2013, 02:12:55 AM |
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"New address for each payment" is a logic bomb Development & Technical Discussion
U can generate addresses much faster coz u don't need to know the private key. P…
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n/a | JoelKatz | November 15, 2013, 02:09:49 AM |
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Ripple competition Speculation
Ripple carries counter-party risk by form of trusting another person or in fact…
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n/a | JoelKatz | November 15, 2013, 02:03:07 AM |
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Ripple competition Speculation
If I don't, what composes that supermajority that confirms that my trusted valid…
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n/a | JoelKatz | November 15, 2013, 01:48:25 AM |
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Ripple competition Speculation
LOL, what human trust do I need to build? Just validating reasonable transaction…
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n/a | JoelKatz | November 14, 2013, 10:46:12 PM |
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What ROI really means... Mining
Also the rapid (but not stable, will probably drop $100 or so) gains in the BTC/…
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n/a | JoelKatz | November 14, 2013, 08:14:00 PM |
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Ripple competition Speculation
Seems that reliability of telling if u r connected is provided via sacrificing o…
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n/a | JoelKatz | November 14, 2013, 05:47:03 PM |
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Ripple competition Speculation
Hmmm, so instead of work, sheer numbers matter right? Our botnet operating Russi…
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n/a | JoelKatz | November 14, 2013, 04:00:13 PM |
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Ripple competition Speculation
That is to say when partitioning is not resolved, availability will be gone, so…
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n/a | JoelKatz | November 14, 2013, 02:10:35 PM |
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Ripple competition Speculation
No problem at all, as long as the merchants are well connected and see all the b…
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n/a | JoelKatz | November 14, 2013, 03:56:17 AM |
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Ripple competition Speculation
Won't most day to day transactions not require 6 confirmations anyway? Why woul…
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n/a | JoelKatz | November 14, 2013, 03:52:06 AM |
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Ripple competition Speculation
So, what is sacrificed in Ripple then: Consistency, Availability or Partition to…
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n/a | JoelKatz | November 14, 2013, 03:47:54 AM |
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Ripple competition Speculation
Does Ripple offer instant reliable transactions?That was the primary design goal…
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n/a | JoelKatz | November 14, 2013, 02:51:43 AM |
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Ripple competition Speculation
Hm, could understand that but scarcity is good marketing tool, not sure it's goo…
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n/a | JoelKatz | November 13, 2013, 03:16:11 PM |
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4/10 block erupters are reporting 50% HW errors! Mining support
Sure sorry i wasn't very clear. My set up is Raspberry pi running mine peon > …
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n/a | JoelKatz | November 13, 2013, 02:59:21 PM |
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Ripple competition Speculation
One thing I don't understand about Ripple is why they didn't make their currency…
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n/a | JoelKatz | November 13, 2013, 02:35:05 PM |
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Please review my provably fair idea for my future casino game Gambling
in case the casino would leave out random.org what would or should the casino ta…
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n/a | JoelKatz | November 13, 2013, 03:11:32 AM |
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Please review my provably fair idea for my future casino game Gambling
For single player:1) Casino commits. (To everything it will use to shuffle the d…
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n/a | JoelKatz | November 13, 2013, 02:58:37 AM |
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technical questions about a 51% attack Development & Technical Discussion
Thanks, that is encouraging. However, during the time period while an attacker…
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n/a | JoelKatz | November 13, 2013, 02:53:25 AM |
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Please review my provably fair idea for my future casino game Gambling
For single player:1) Casino commits. (To everything it will use to shuffle the d…
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n/a | JoelKatz | November 13, 2013, 02:49:40 AM |
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technical questions about a 51% attack Development & Technical Discussion
As I understand it, if the US Govt chose to entirely eradicate bitcoin worldwide…
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n/a | JoelKatz | November 13, 2013, 01:38:22 AM |
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Please review my provably fair idea for my future casino game Gambling
Your algorithm is not provably fair. The user has to reveal before the casino ha…
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n/a | JoelKatz | November 13, 2013, 01:06:20 AM |
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Ripple competition Speculation
The implementation you are talking about is centralized.No it isn't. It's a peer…
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n/a | JoelKatz | November 13, 2013, 12:57:48 AM |
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Why is bitcoin supply curve as it is? Beginners & Help
If due to this by-design artificial scarcity the dollar price of BTC increases 1…
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n/a | JoelKatz | November 13, 2013, 12:53:06 AM |
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Why is bitcoin supply curve as it is? Beginners & Help
Sorry, I implied that we cut off the supply at the same time (~2140) with the sa…
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n/a | JoelKatz | November 12, 2013, 09:32:53 PM |
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Going after Trendon Shavers, Pirateat40, BTCST Service Discussion
Yes, if even those who already know that Pirate ran a Ponzi scheme now try to ar…
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n/a | JoelKatz | November 12, 2013, 03:26:53 AM |
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Going after Trendon Shavers, Pirateat40, BTCST Service Discussion
It seems to me that JoelKatz is perfectly correct. He provided ample proof in th…
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n/a | JoelKatz | November 12, 2013, 02:27:15 AM |
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Any way to retrieve bitcoins through a paper wallet? Bitcoin Discussion
After I printed out the piece of paper I went to fund it after about 10 minutes.…
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n/a | JoelKatz | November 12, 2013, 01:55:21 AM |
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I might start selling bitcoin for Paypal, call me crazy Beginners & Help
The only way I know of preventing a chargeback is to force the person to chargeb…
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n/a | JoelKatz | November 12, 2013, 01:37:11 AM |
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Any way to retrieve bitcoins through a paper wallet? Bitcoin Discussion
What is the exact timeline of your actions? What did you do first? And how long…
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n/a | JoelKatz | November 12, 2013, 01:35:02 AM |
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Nanaimo Gold -- Trusted or no? Beginners & Help
You failed to follow the instructions. You did not even send me the MTCN until t…
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n/a | JoelKatz | November 12, 2013, 01:32:56 AM |
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Going after Trendon Shavers, Pirateat40, BTCST Service Discussion
You can't refer to a dictionary to determine the meaning of a word? Crazy.No. Yo…
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n/a | JoelKatz | November 12, 2013, 01:25:14 AM |
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Going after Trendon Shavers, Pirateat40, BTCST Service Discussion
impossible |imˈpäsəbəl|adjectivenot able to occur, exist, or be done: a seemingl…
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n/a | JoelKatz | November 11, 2013, 08:47:48 PM |
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Going after Trendon Shavers, Pirateat40, BTCST Service Discussion
I think you may be confusing "impossible" with "improbable". Impossible means th…
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n/a | JoelKatz | November 11, 2013, 01:48:53 PM |
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Going after Trendon Shavers, Pirateat40, BTCST Service Discussion
Okay sure, I'll sum up by saying:Logic compels me to believe in the possibility…
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n/a | JoelKatz | November 11, 2013, 04:32:59 AM |
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Going after Trendon Shavers, Pirateat40, BTCST Service Discussion
It's not lacking common sense to say that something being a scam is not a comple…
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n/a | JoelKatz | November 11, 2013, 04:19:46 AM |
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Going after Trendon Shavers, Pirateat40, BTCST Service Discussion
Stuck in a loop: People who say "a legit business MUST X" are amusing to me, reg…
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n/a | JoelKatz | November 11, 2013, 03:35:43 AM |
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Effects of hoarding on trading Economics
Our merchant has not held BTC for any appreciable amount of time so their is no…
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n/a | JoelKatz | November 11, 2013, 01:41:11 AM |
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Effects of hoarding on trading Economics
Right, that's why merchants generally won't do that, nor should they. They can j…
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n/a | JoelKatz | November 10, 2013, 09:00:39 PM |
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BitMit.net shutting down. Why? Service Discussion
Apparently, their jurisdiction has new regulations that apply to companies that…
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n/a | JoelKatz | November 08, 2013, 11:27:24 PM |
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~I need help at mining.. Altcoin Discussion
There basically no point in mining without a miner. You won't even come close to…
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n/a | JoelKatz | November 08, 2013, 10:32:04 PM |
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blockchain.info compromised as well? Beginners & Help
Yeah I haven't seen any complaints either. Smells like FUD to me. Well, there wa…
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n/a | JoelKatz | November 08, 2013, 02:56:35 AM |
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blockchain.info compromised as well? Beginners & Help
I'm hearing reports and reading threads about people losing their bitcoins on bl…
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n/a | JoelKatz | November 08, 2013, 02:46:02 AM |
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Effects of hoarding on trading Economics
Merchants that sell their products for BTC prices below exchange rates have beco…
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n/a | JoelKatz | November 08, 2013, 02:28:28 AM |
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Swedish ASIC miner company kncminer.com Mining (Altcoins)
Hey for those that are bitching about ROI. Guess what. with bitcoin going up you…
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n/a | JoelKatz | November 07, 2013, 01:09:50 PM |
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Ripple: A Distributed Exchange for Bitcoin Project Development
What improvement does Ripple bring over Litecoin ? I still can't grasp the conce…
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n/a | JoelKatz | November 06, 2013, 06:27:43 PM |
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Effects of hoarding on trading Economics
Nice thought, so the merchants would give a discount if the user paid in bitcoin…
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n/a | JoelKatz | November 06, 2013, 06:24:57 PM |
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Whatever happened to Ripple? Altcoin Discussion
I saw a claim on one thread that Ripple is now open source. I also saw a claim o…
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n/a | JoelKatz | November 06, 2013, 05:02:17 PM |
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Who got first Bitcoins? Beginners & Help
To be a Ponzi scheme, someone should guarantee us some decent return regularly (…
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n/a | JoelKatz | November 04, 2013, 12:59:40 AM |
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About seizing and extraction Bitcoin Discussion
I understood those were the best options now, this (which requires trust - how t…
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n/a | JoelKatz | November 03, 2013, 10:36:48 AM |
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Is Paypal safe for bitcoin transactions? Beginners & Help
Can be bank wire transfer reversed by your bank as well ? It makes providing ser…
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n/a | JoelKatz | November 03, 2013, 10:17:59 AM |
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Meaning 'detected new block' Mining support
I don't care about a loss, just be happy to have some bitcoins for free [have st…
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n/a | JoelKatz | November 03, 2013, 09:55:51 AM |
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Is Paypal safe for bitcoin transactions? Beginners & Help
I believe the paypal must be send as a gift.You mean you should lie to PayPal to…
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n/a | JoelKatz | November 03, 2013, 09:52:57 AM |
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Meaning 'detected new block' Mining support
So everyone who is mining uses special hardware?Yes, or mines at a significant l…
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n/a | JoelKatz | November 03, 2013, 09:46:25 AM |
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Meaning 'detected new block' Mining support
I am using bgfminer...It is on my laptop...What can I do so that my computer wil…
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n/a | JoelKatz | November 03, 2013, 09:32:18 AM |
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Who got first Bitcoins? Beginners & Help
No really fair to say the least Especially when many believe BTC will be the wo…
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n/a | JoelKatz | November 03, 2013, 09:30:03 AM |
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