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Using difficulty as a proxy for price Development & Technical Discussion
This could be used for pricing transaction fees. It's vastly better than the cur…
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n/a | TierNolan | April 19, 2013, 05:08:09 AM |
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Decoupling transactions and POW Development & Technical Discussion
Really interesting. In this case 2 confirmations in main chain would be more tha…
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n/a | TierNolan | April 19, 2013, 05:06:11 AM |
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Decoupling transactions and POW Development & Technical Discussion
Does it mean the miners will mine as normal? If the Hash < Target, it'll be a ma…
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n/a | TierNolan | April 19, 2013, 04:16:25 AM |
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Reminder: zero-conf is not safe; $500USD reward posted for replace-by-fee patch Development & Technical Discussion
Not all miners are dependent on the security of zero-conf transactions. Many of…
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n/a | TierNolan | April 19, 2013, 02:24:33 AM |
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Using difficulty as a proxy for price Development & Technical Discussion
Be very careful with the association of difficulty and price.I wasn't suggesting…
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n/a | TierNolan | April 19, 2013, 02:18:44 AM |
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Decoupling transactions and POW Development & Technical Discussion
How could you distribute reward if 2 sub-blocks with the same LSBs for hash and…
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n/a | TierNolan | April 19, 2013, 02:13:50 AM |
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Would faster block creation give lower security? Development & Technical Discussion
This all assumes that the optimal strategy is full propagation. I fear that min…
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n/a | TierNolan | April 18, 2013, 02:50:38 PM |
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Using difficulty as a proxy for price Development & Technical Discussion
One of the issues with bitcoin is that it is has a constantly changing price ove…
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n/a | TierNolan | April 18, 2013, 05:01:21 PM |
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P2P Exchange for bitcoin Project Development
That doesn't answer my question of what happens to the IOUs if one of the broker…
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n/a | TierNolan | April 18, 2013, 04:37:30 PM |
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Proposed solution to "lost coins" Development & Technical Discussion
Actually, leaving it alone is the option that changes the rules the least. Putt…
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n/a | TierNolan | April 18, 2013, 02:52:21 PM |
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Decoupling transactions and POW Development & Technical Discussion
I think the rule should be that main blocks didn't count anything extra for proo…
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n/a | TierNolan | April 18, 2013, 11:05:40 AM |
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Reminder: zero-conf is not safe; $500USD reward posted for replace-by-fee patch Development & Technical Discussion
So you want to make it easier to pull off a double spend on a zero-confirmation…
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n/a | TierNolan | April 18, 2013, 10:11:50 AM |
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Decoupling transactions and POW Development & Technical Discussion
And how are you going to do this with a decentralized system?Perhaps an alt chai…
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n/a | TierNolan | April 18, 2013, 08:47:52 AM |
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Decoupling transactions and POW Development & Technical Discussion
I think the total bandwidth and CPU usage are just exactly the sameYes, but late…
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n/a | TierNolan | April 18, 2013, 07:16:24 AM |
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Reminder: zero-conf is not safe; $500USD reward posted for replace-by-fee patch Development & Technical Discussion
In a nutshell, what does this mean?If I tell my client to pay you, you will rece…
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n/a | TierNolan | April 18, 2013, 07:14:51 AM |
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Decoupling transactions and POW Development & Technical Discussion
So why don't simply increase the generation rate by 60x to 10 seconds, and reduc…
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n/a | TierNolan | April 18, 2013, 07:07:41 AM |
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Decoupling transactions and POW Development & Technical Discussion
Actually, this could be implemented as a soft fork. Part of the timestamp could…
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n/a | TierNolan | April 18, 2013, 07:04:04 AM |
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Would faster block creation give lower security? Development & Technical Discussion
That all does sound inline with my knowledge as well but I think the conclusion…
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n/a | TierNolan | April 18, 2013, 03:40:49 AM |
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P2P Exchange for bitcoin Project Development
That's what I've been saying. A blockchain you have to mine is all the rage with…
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n/a | TierNolan | April 18, 2013, 03:33:16 AM |
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Forked block chain Development & Technical Discussion
I guess my 'new' network can adjust difficulty to maintain similar block rate as…
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n/a | TierNolan | April 17, 2013, 03:20:42 PM |
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Recovering from a drop in hashing power Development & Technical Discussion
So if I have a reasonable proportion of hashing power, I can stop mining blocks…
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n/a | TierNolan | April 17, 2013, 09:01:12 AM |
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Recovering from a drop in hashing power Development & Technical Discussion
If hashing power drops suddenly, then the block generation rate also falls off,…
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n/a | TierNolan | April 17, 2013, 06:28:38 AM |
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Significant slimming of Blockchain Development & Technical Discussion
First implement pruning in Satoshi client and then continue this discussion.The…
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n/a | TierNolan | April 17, 2013, 04:51:24 AM |
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P2P Exchange for bitcoin Project Development
Functionally they are the same, but my way is +1 XP for privacy, cause i don't h…
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n/a | TierNolan | April 17, 2013, 03:57:20 AM |
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P2P Exchange for bitcoin Project Development
Unnecessary. Remember, we're dealing with clients looking for trades here. If a…
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n/a | TierNolan | April 17, 2013, 03:55:47 AM |
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Who is creating non-DER signatures? Development & Technical Discussion
Question, if these address contain too many characters, why don't miners reject…
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n/a | TierNolan | April 17, 2013, 03:39:24 AM |
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P2P Exchange for bitcoin Project Development
Tier Nolan, sounds like the colored coin idea. The portable iou is the colored…
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n/a | TierNolan | April 16, 2013, 07:17:23 PM |
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P2P Exchange for bitcoin Project Development
The problems that need to be solved- trust between the public and the brokers- t…
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n/a | TierNolan | April 16, 2013, 05:42:09 PM |
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P2P Exchange for bitcoin Project Development
What about using POW to build up broker reputation.We can estimate the BTC to PO…
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n/a | TierNolan | April 16, 2013, 04:33:38 PM |
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[PATH] On How to create an decentralized exchange Project Development
So, i want people (and now i'm thinking of my 68 years old father), to walk to a…
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n/a | TierNolan | April 16, 2013, 02:54:39 PM |
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Would faster block creation give lower security? Development & Technical Discussion
I'm not sure if you get me, but "6 blocks" is an arbitrary number and probably o…
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n/a | TierNolan | April 16, 2013, 02:46:12 PM |
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BIP: Increasing the Network Hashing Power by reducing block propagation time Development & Technical Discussion
Bear in mind that nodes already tell each other about what transactions they hav…
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n/a | TierNolan | April 16, 2013, 11:05:27 AM |
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Would you trust a centralized colored-coin broker? Project Development
They can even color arbitrary coins not in their possession, just tell someone y…
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n/a | TierNolan | April 16, 2013, 08:08:33 AM |
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Would you trust a centralized colored-coin broker? Project Development
If a large company supported the system, then enough people would trust them.In…
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n/a | TierNolan | April 16, 2013, 07:13:02 AM |
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Applying Ripple Consensus model in Bitcoin Development & Technical Discussion
I think there are a few ways that could work that might be interesting. For exam…
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n/a | TierNolan | April 16, 2013, 06:42:09 AM |
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Applying Ripple Consensus model in Bitcoin Development & Technical Discussion
The second thing checkpoints do is they remove the requirement to actually do EC…
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n/a | TierNolan | April 16, 2013, 05:11:44 AM |
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[PATH] On How to create an decentralized exchange Project Development
So again, the idea is to create this app, that would function in a p2p network.…
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n/a | TierNolan | April 16, 2013, 05:03:21 AM |
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Block headers download Development & Technical Discussion
I have trouble implementing parallel blockchain download (headers only). I read…
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n/a | TierNolan | April 15, 2013, 05:05:43 PM |
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maintaining zero-trust with low clean startup cost. Development & Technical Discussion
So yeah, that's great. To bootstrap you ask nearby nodes what their max block i…
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n/a | TierNolan | April 15, 2013, 10:44:15 AM |
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maintaining zero-trust with low clean startup cost. Development & Technical Discussion
My estimate of non-zero-balance addresses was wrong, what's required is a summar…
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n/a | TierNolan | April 15, 2013, 09:11:19 AM |
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P2P Exchange for bitcoin Project Development
The double auction seems weird, you could end up selling at a different price th…
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n/a | TierNolan | April 15, 2013, 05:24:22 AM |
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Who is creating non-DER signatures? Development & Technical Discussion
What Gavin merged yesterday simply makes those signatures fail the IsStandard()…
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n/a | TierNolan | April 15, 2013, 04:46:58 AM |
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Who is creating non-DER signatures? Development & Technical Discussion
.... we're trying to introduce a rule to make such non-standard signatures inval…
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n/a | TierNolan | April 15, 2013, 03:45:02 AM |
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How will raising transaction fees avoid block size limit problems? Development & Technical Discussion
Which i hope doesnt end up being the case. How is a user supposed to know how mu…
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n/a | TierNolan | April 14, 2013, 03:33:43 PM |
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Funding of network security with infinite block sizes Development & Technical Discussion
From what im reading on here about assurance contracts, this seems like alot of…
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n/a | TierNolan | April 14, 2013, 12:58:16 PM |
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Ultimate blockchain compression w/ trust-free lite nodes Development & Technical Discussion
It needs to be a sum-tree over txout value so that the utxo root also shows the…
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n/a | TierNolan | April 14, 2013, 04:49:06 AM |
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Funding of network security with infinite block sizes Development & Technical Discussion
A miner completing the contract with their own money makes no difference - they…
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n/a | TierNolan | April 14, 2013, 07:15:53 AM |
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Funding of network security with infinite block sizes Development & Technical Discussion
If a miner completes a contract with their own funds it doesn't make any differe…
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n/a | TierNolan | April 14, 2013, 06:09:08 AM |
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BIP: Increasing the Network Hashing Power by reducing block propagation time Development & Technical Discussion
Not sure how best to do spam protection. One way to do it would be to include a…
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n/a | TierNolan | April 14, 2013, 04:14:04 AM |
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Funding of network security with infinite block sizes Development & Technical Discussion
I think you're confusing miners with people who sell their computing power to mi…
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n/a | TierNolan | April 14, 2013, 02:22:50 AM |
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How to build a decentralized exchange (this thread actually contains a method!) Project Development
Worst case scenario: we end up with fractional reserve banking with "dollar-coin…
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n/a | TierNolan | April 13, 2013, 07:34:12 PM |
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BIP: Increasing the Network Hashing Power by reducing block propagation time Development & Technical Discussion
A further improvement on this system would be to have miners pre-send their tran…
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n/a | TierNolan | April 13, 2013, 04:58:52 PM |
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How a floating blocksize limit inevitably leads towards centralization Development & Technical Discussion
Maybe im missing something here, why arent blocks downloaded in the background a…
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n/a | TierNolan | April 13, 2013, 04:39:23 PM |
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Funding of network security with infinite block sizes Development & Technical Discussion
Making the blocksize large as a solution will cripple Bitcoin with centralizatio…
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n/a | TierNolan | April 13, 2013, 04:38:04 PM |
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P2P Exchange for bitcoin Project Development
The one thing we do need to work out is who are we aiming this product to?The co…
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n/a | TierNolan | April 13, 2013, 04:20:48 PM |
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P2P Exchange for bitcoin Project Development
If you placed order, you should not be able to not fulfill it (until you cancel…
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n/a | TierNolan | April 13, 2013, 02:16:43 PM |
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How to build a decentralized exchange (this thread actually contains a method!) Project Development
so i can pay with dollarcoins in closed loop and dont need the bitcoin anymore…
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n/a | TierNolan | April 13, 2013, 11:31:21 AM |
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P2p Exchange Project Development
In that case we must implement the usage of colored coins, but it should be up t…
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n/a | TierNolan | April 13, 2013, 09:42:22 AM |
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P2p Exchange Project Development
The simplest solution I can imagine is: TRUSTI trust my broker, You trust your b…
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n/a | TierNolan | April 13, 2013, 09:10:19 AM |
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Script to pay if alt-chain authorizes it Development & Technical Discussion
Coloured coins and SIGHASH types allow the main chain to be used for trading fia…
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n/a | TierNolan | April 13, 2013, 08:19:02 AM |
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P2p Exchange Project Development
https://github.com/p2p/bitcoin-exchangeInteresting that the p2p username was fre…
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n/a | TierNolan | April 13, 2013, 07:44:25 AM |
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P2P Exchange for bitcoin Project Development
In the interests of keeping things in a single thread, I am reposting the below.…
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n/a | TierNolan | April 13, 2013, 04:04:08 AM |
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How to build a decentralized exchange (this thread actually contains a method!) Project Development
First, we create a token system that has a direct 1:1 equivalence with the fiat…
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n/a | TierNolan | April 13, 2013, 03:54:55 AM |
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Funding of network security with infinite block sizes Development & Technical Discussion
Posted the wiki article to reddit.Hi guys, being not that deep into bitcoin I wa…
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n/a | TierNolan | April 12, 2013, 06:00:59 PM |
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Handling "old" coins Development & Technical Discussion
Unspendable coins, or just coins that the owner is holding for a long time have…
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n/a | TierNolan | April 12, 2013, 05:26:24 PM |
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Funding of network security with infinite block sizes Development & Technical Discussion
Also, what is to stop a miner adding the extra 8 BTC to get it over the limit? …
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n/a | TierNolan | April 12, 2013, 04:09:26 PM |
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Funding of network security with infinite block sizes Development & Technical Discussion
When you propagate them, do you send them to all other miners or only a subset o…
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n/a | TierNolan | April 12, 2013, 03:32:20 PM |
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Funding of network security with infinite block sizes Development & Technical Discussion
The wiki page is basically a copy of what I wrote with a few edits to make it so…
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n/a | TierNolan | April 12, 2013, 02:52:27 PM |
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Funding of network security with infinite block sizes Development & Technical Discussion
Can someone explain why limited blocksizes limit the number of transactions that…
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n/a | TierNolan | April 12, 2013, 02:06:23 PM |
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P2P Exchange for bitcoin Project Development
Would we start to see merchants choosing to only accept MtGoxUSDCoin ? or EuroCo…
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n/a | TierNolan | April 11, 2013, 03:51:37 PM |
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P2P Exchange for bitcoin Project Development
What is needs as a "proof of concept" is working versions of the followingWebsit…
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n/a | TierNolan | April 11, 2013, 09:17:01 AM |
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Hash as seed for a Guessing game Archival
So lets say we are currently at block 240,000. If I were to say I will use the…
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n/a | TierNolan | April 11, 2013, 06:56:55 AM |
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P2P Exchange for bitcoin Project Development
Okay so what would this look like technically:Customer deposits $100 in mt gox.M…
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n/a | TierNolan | April 11, 2013, 06:40:42 AM |
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P2P Exchange for bitcoin Project Development
But I trust a P2P open order book more than I can trust the orderbook of a serve…
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n/a | TierNolan | April 10, 2013, 05:45:44 PM |
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Is the blockchain messed up or did I get screwed out of bitcoin? Development & Technical Discussion
So basically my stupidity just lost me 0.2 btc?If the transaction never clears,…
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n/a | TierNolan | April 10, 2013, 04:39:47 PM |
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P2P Exchange for bitcoin Project Development
How do you ensure settling up? If an offer is accepted, both parties are told t…
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n/a | TierNolan | April 10, 2013, 04:37:14 PM |
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Coinbase input script Development & Technical Discussion
Another question about coinbase transactions, do they have to be the first trans…
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n/a | TierNolan | April 10, 2013, 11:22:27 AM |
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Coinbase input script Development & Technical Discussion
It has an extraNonce in it, and is also these days used for flagging features th…
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n/a | TierNolan | April 10, 2013, 10:45:56 AM |
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Significant slimming of Blockchain Development & Technical Discussion
What happened is he was downloading the blockchain ... and his internet access,…
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n/a | TierNolan | April 10, 2013, 10:44:55 AM |
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Coinbase input script Development & Technical Discussion
This is the sig script to unlock the input into the coinbase transaction. Howev…
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n/a | TierNolan | April 10, 2013, 10:35:56 AM |
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Funding of network security with infinite block sizes Development & Technical Discussion
What about directly targeting fees, similar to Gavin's suggestion that blocks mu…
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n/a | TierNolan | April 10, 2013, 06:53:13 AM |
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Creating an "official" protocol specification for the Bitcoin internet currency Development & Technical Discussion
You're totally right, but we've known this for a long time; fundamentally my obj…
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n/a | TierNolan | April 10, 2013, 05:49:04 AM |
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Creating an "official" protocol specification for the Bitcoin internet currency Development & Technical Discussion
What is the core problem that bitcoin solves? The distributed consensus problem…
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n/a | TierNolan | April 09, 2013, 05:03:10 PM |
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Proposed solution to "lost coins" Development & Technical Discussion
Unless you are worried that eventually the smallest value (1 Satoshi which is 0.…
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n/a | TierNolan | April 09, 2013, 12:33:18 PM |
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Creating an "official" protocol specification for the Bitcoin internet currency Development & Technical Discussion
Indeed, it's full of such small but significant pitfalls, that can't just be ign…
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n/a | TierNolan | April 09, 2013, 12:16:30 PM |
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Creating an "official" protocol specification for the Bitcoin internet currency Development & Technical Discussion
This is a nice idea, but in practice you end up creating a DoS vulnerability: if…
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n/a | TierNolan | April 09, 2013, 10:27:27 AM |
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Using bitcoin for trusted timestamping? Development & Technical Discussion
Speaking of block pruning. Is the intention that the pruned info would actually…
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n/a | TierNolan | April 09, 2013, 05:14:35 AM |
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Creating an "official" protocol specification for the Bitcoin internet currency Development & Technical Discussion
In fact, I think it speaks volumes about those complaining that every one of the…
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n/a | TierNolan | April 09, 2013, 04:42:30 AM |
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Improving Offline Wallets (i.e. cold-storage) Development & Technical Discussion
I usually avoid cross-compilation whenever I can, and simply compile it directly…
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n/a | TierNolan | April 07, 2013, 11:43:08 AM |
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Funding of network security with infinite block sizes Development & Technical Discussion
That's easy! Eliminate the block size limit as a network rule entirely, and tru…
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n/a | TierNolan | April 07, 2013, 11:31:55 AM |
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Creating an "official" protocol specification for the Bitcoin internet currency Development & Technical Discussion
A light client means something else, so I wouldn't call armory a light client. L…
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n/a | TierNolan | April 07, 2013, 11:22:31 AM |
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Creating an "official" protocol specification for the Bitcoin internet currency Development & Technical Discussion
It isn't not a full client implementation, but it requires use of the bitcoin-qt…
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n/a | TierNolan | April 06, 2013, 06:34:23 PM |
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Making sync more efficient Development & Technical Discussion
Opps .. double posted instead of editing.
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n/a | TierNolan | April 06, 2013, 12:01:45 PM |
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Making sync more efficient Development & Technical Discussion
tl;dr version: no, it's not good to have a torrent of the blockchain, because it…
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n/a | TierNolan | April 06, 2013, 12:00:46 PM |
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Funding of network security with infinite block sizes Development & Technical Discussion
Anyway, ultimately this will be decided by Gavin and so far he's been saying he…
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n/a | TierNolan | April 05, 2013, 06:18:31 AM |
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Funding of network security with infinite block sizes Development & Technical Discussion
Increased storage requirements caused by increased transaction demand may reduce…
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n/a | TierNolan | April 05, 2013, 03:29:22 AM |
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Improving Offline Wallets (i.e. cold-storage) Development & Technical Discussion
I enjoy this discussion a lot.Both because I want to secure my bitcoins, like to…
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n/a | TierNolan | April 03, 2013, 04:45:42 AM |
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Funding of network security with infinite block sizes Development & Technical Discussion
OK, so it doesn't work if you pick those particular numbers. How about if doubli…
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n/a | TierNolan | April 01, 2013, 06:21:05 PM |
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Creating an "official" protocol specification for the Bitcoin internet currency Development & Technical Discussion
I think there also needs to be a "core" spec, which describes how blocks are val…
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n/a | TierNolan | April 01, 2013, 06:12:24 PM |
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Funding of network security with infinite block sizes Development & Technical Discussion
Idea: why not increase the hash difficulty for larger blocks? So if a miner want…
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n/a | TierNolan | April 01, 2013, 11:38:09 AM |
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