Topic: Bitcoins hit $25
Bitcoins@kipperthedawg started this discussion 15 years ago #7,081
Anonymous B joined in and replied with this 15 years ago, 20 seconds later[^] [v] #124,172
Excellent.
Ks !KansasxqvM joined in and replied with this 15 years ago, 1 minute later, 1 minute after the original post[^] [v] #124,176
Still a good time to invest folks.
Anonymous A (OP) replied with this 15 years ago, 6 seconds later, 1 minute after the original post[^] [v] #124,177
WELL FUCK
Falco !PZmcClOUDk joined in and replied with this 15 years ago, 8 seconds later, 1 minute after the original post[^] [v] #124,178
Im a dumbass for thinking bitcoins were laughable a year ago.
sexual aerosol !!mtq555+/1 joined in and replied with this 15 years ago, 1 minute later, 3 minutes after the original post[^] [v] #124,181
Bitcoins !UP0KBufv3I (OP) replied with this 15 years ago, 1 minute later, 4 minutes after the original post[^] [v] #124,182
Ok, there, new tripcode.
Anonymous F joined in and replied with this 15 years ago, 11 seconds later, 4 minutes after the original post[^] [v] #124,183
Voice of !WisdomHsuU joined in and replied with this 15 years ago, 4 seconds later, 4 minutes after the original post[^] [v] #124,184
Bitcoins is still useless as a currency. I think I'll wait for the whole rapid deflation to settle.
Falco !PZmcClOUDk replied with this 15 years ago, 20 seconds later, 4 minutes after the original post[^] [v] #124,187
@124,181 (sexual aerosol !!mtq555+/1)
I may be a dumbass, but you just love penises and terrible hentai.
I may be a dumbass, but you just love penises and terrible hentai.
Triptych !!DP4/G/5A6 joined in and replied with this 15 years ago, 2 minutes later, 7 minutes after the original post[^] [v] #124,194
:( Wish I started mining these a year ago.
sexual aerosol !!mtq555+/1 replied with this 15 years ago, 1 minute later, 9 minutes after the original post[^] [v] #124,200
Bitcoins !UP0KBufv3I (OP) replied with this 15 years ago, 4 minutes later, 13 minutes after the original post[^] [v] #124,205
@124,184 (Voice of !WisdomHsuU)
> Bitcoins is still useless as a currency.
> HURR DE DURR
> implying silk road doesn't exist.
> Bitcoins is still useless as a currency.
> HURR DE DURR
> implying silk road doesn't exist.
Meowth joined in and replied with this 15 years ago, 1 minute later, 15 minutes after the original post[^] [v] #124,209
It is useless.
Voice of !WisdomHsuU replied with this 15 years ago, 30 seconds later, 15 minutes after the original post[^] [v] #124,210
@124,205 (Bitcoins !UP0KBufv3I)
Bitcoins is still a tremendously unstable currency that frantically fluctuates.
Bitcoins is still a tremendously unstable currency that frantically fluctuates.
Anonymous A (OP) replied with this 15 years ago, 2 minutes later, 18 minutes after the original post[^] [v] #124,216
@previous (Voice of !WisdomHsuU)
It only recently went mainstream, it will obviously deflate a bit before becoming stable.
If you are buying something, and just using Bitcoins as an intermediary then you will only need to hold it for a couple minutes anyway.
Besides, it's working as a currency as we speak. Investors have faith in it. Not to long ago people were comparing it to monopoly money.
It only recently went mainstream, it will obviously deflate a bit before becoming stable.
If you are buying something, and just using Bitcoins as an intermediary then you will only need to hold it for a couple minutes anyway.
Besides, it's working as a currency as we speak. Investors have faith in it. Not to long ago people were comparing it to monopoly money.
Meowth replied with this 15 years ago, 3 seconds later, 18 minutes after the original post[^] [v] #124,217
Ks !KansasxqvM replied with this 15 years ago, 11 seconds later, 18 minutes after the original post[^] [v] #124,218
@124,210 (Voice of !WisdomHsuU)
> frantically fluctuates.
No, it is inflating due to the digital global market noticing its valuable uses. Fluctuating would be rising and lowering, this is not the same. It will continue to steadily grow until the bubble pops and then it will go lower and remain steady. I've watched enough stock trends to know this man. That being said, I don't think its anywhere near the bubble popping.
> frantically fluctuates.
No, it is inflating due to the digital global market noticing its valuable uses. Fluctuating would be rising and lowering, this is not the same. It will continue to steadily grow until the bubble pops and then it will go lower and remain steady. I've watched enough stock trends to know this man. That being said, I don't think its anywhere near the bubble popping.
(Edited 40 seconds later.)
Anonymous A (OP) replied with this 15 years ago, 31 seconds later, 19 minutes after the original post[^] [v] #124,221
@124,217 (Meowth)
> $25 a piece.
> large, rapidly expanding market that only uses bitcoins
Oh, okay.
> $25 a piece.
> large, rapidly expanding market that only uses bitcoins
Oh, okay.
Meowth replied with this 15 years ago, 1 minute later, 20 minutes after the original post[^] [v] #124,224
Anonymous A (OP) replied with this 15 years ago, 35 seconds later, 20 minutes after the original post[^] [v] #124,227
Meowth replied with this 15 years ago, 1 minute later, 22 minutes after the original post[^] [v] #124,228
(Citing a deleted or non-existent reply.)
This. Bitcoins are so useless. Even the black market to buy botnets and shit won't accept bitcoins. Why? Because nobody has a use for them.
This. Bitcoins are so useless. Even the black market to buy botnets and shit won't accept bitcoins. Why? Because nobody has a use for them.
Anonymous A (OP) replied with this 15 years ago, 33 seconds later, 22 minutes after the original post[^] [v] #124,229
(Citing a deleted or non-existent reply.)
> Great. I can buy a currency that I nobody wants to sell
What? People are selling it.
> so that I can buy drugs
Right now, it's mainly drugs. In the future people will probably start accepting them on the street for more than just drugs- food, clothing. Mainly local farmer's market type stuff. Taxes, exchange fees, and the rest all suck.
You may not use it, but a hell of a lot of people are starting to. That will just push the value up even more.
> Great. I can buy a currency that I nobody wants to sell
What? People are selling it.
> so that I can buy drugs
Right now, it's mainly drugs. In the future people will probably start accepting them on the street for more than just drugs- food, clothing. Mainly local farmer's market type stuff. Taxes, exchange fees, and the rest all suck.
You may not use it, but a hell of a lot of people are starting to. That will just push the value up even more.
sexual aerosol !!mtq555+/1 replied with this 15 years ago, 10 seconds later, 23 minutes after the original post[^] [v] #124,230
BITCOINS ARE THE FUTURE OF MONEY YOU FUCKING TROLLS
GO FUCK A SHIT UP YOUR ASS
GO FUCK A SHIT UP YOUR ASS
Ks !KansasxqvM replied with this 15 years ago, 25 seconds later, 23 minutes after the original post[^] [v] #124,231
The bubble will pop at around $100 (maybe more). Mark my words, this post will be evidence!
Ks !KansasxqvM double-posted this 15 years ago, 1 minute later, 24 minutes after the original post[^] [v] #124,234
(Citing a deleted or non-existent reply.)
Its not fluctuating. Shit-tier trolling is shit. Get fucked.
Its not fluctuating. Shit-tier trolling is shit. Get fucked.
Anonymous A (OP) replied with this 15 years ago, 17 seconds later, 24 minutes after the original post[^] [v] #124,236
@124,228 (Meowth)
> This. Bitcoins are so useless.
anonymous transactions, no fees... those aren't uses?
> Even the black market to buy botnets and shit won't accept bitcoins.
There are botnets for rent on Silk Road.
> Why? Because nobody has a use for them.
If you don't want to buy something from the Bitcoin economy, then you can sell them to someone who does.
If you sold a shirt for a Bitcoin, you could turn around and spend the $25 on something from any shop near you.
Meowth, you're an idiot. This is like saying Euros are useless because you aren't going to Europe.
> This. Bitcoins are so useless.
anonymous transactions, no fees... those aren't uses?
> Even the black market to buy botnets and shit won't accept bitcoins.
There are botnets for rent on Silk Road.
> Why? Because nobody has a use for them.
If you don't want to buy something from the Bitcoin economy, then you can sell them to someone who does.
If you sold a shirt for a Bitcoin, you could turn around and spend the $25 on something from any shop near you.
Meowth, you're an idiot. This is like saying Euros are useless because you aren't going to Europe.
(Edited 2 minutes later.)
Yes !4et0YaTXO. joined in and replied with this 15 years ago, 8 minutes later, 33 minutes after the original post[^] [v] #124,243
Meowth replied with this 15 years ago, 1 minute later, 34 minutes after the original post[^] [v] #124,245
@124,236 (A)
> Meowth, you're an idiot. This is like saying Euros are useless because you aren't going to Europe.
Have you ever thought that maybe you are the idiot? I troll you every fucking time you make a thread.
> Meowth, you're an idiot. This is like saying Euros are useless because you aren't going to Europe.
Have you ever thought that maybe you are the idiot? I troll you every fucking time you make a thread.
Anonymous A (OP) replied with this 15 years ago, 3 minutes later, 37 minutes after the original post[^] [v] #124,249
Yes !4et0YaTXO. replied with this 15 years ago, 2 minutes later, 39 minutes after the original post[^] [v] #124,253
@previous (A)
I will be derailing this topic very soon, and, immediately beforehand, make a statement that will confuse, anger, and lead you to concede.
I will be derailing this topic very soon, and, immediately beforehand, make a statement that will confuse, anger, and lead you to concede.
Meowth replied with this 15 years ago, 1 minute later, 41 minutes after the original post[^] [v] #124,255
Anonymous A (OP) replied with this 15 years ago, 20 seconds later, 41 minutes after the original post[^] [v] #124,256
Yes !4et0YaTXO. replied with this 15 years ago, 25 seconds later, 41 minutes after the original post[^] [v] #124,257
Anonymous A (OP) replied with this 15 years ago, 29 seconds later, 42 minutes after the original post[^] [v] #124,258
Yes !4et0YaTXO. replied with this 15 years ago, 3 minutes later, 45 minutes after the original post[^] [v] #124,261
Nega !34Kas0OdzM joined in and replied with this 15 years ago, 2 minutes later, 48 minutes after the original post[^] [v] #124,263
How often can one divide one BTC again?
Because this is getting quite unwieldy. ;)
Because this is getting quite unwieldy. ;)
Yes !4et0YaTXO. replied with this 15 years ago, 2 minutes later, 50 minutes after the original post[^] [v] #124,264
@previous (Nega !34Kas0OdzM)
Double spend. Send out two payments at the same time and you nobody will know until they try to cash out.
OP must have not been born before the egold controversy.
Double spend. Send out two payments at the same time and you nobody will know until they try to cash out.
OP must have not been born before the egold controversy.
Anonymous A (OP) replied with this 15 years ago, 10 minutes later, 1 hour after the original post[^] [v] #124,272
@124,263 (Nega !34Kas0OdzM)
A lot, more than will ever be necessary. The whole economy could run on a single Bitcoin. 10 decimal places I think, IDK.
@previous (Yes !4et0YaTXO.)
*facepalm*
The transaction has to be verified before it will show up as a credit to your wallet. This is why it takes some time to process transactions. It is not possible to do this trick.
A lot, more than will ever be necessary. The whole economy could run on a single Bitcoin. 10 decimal places I think, IDK.
@previous (Yes !4et0YaTXO.)
*facepalm*
The transaction has to be verified before it will show up as a credit to your wallet. This is why it takes some time to process transactions. It is not possible to do this trick.
Nega !34Kas0OdzM replied with this 15 years ago, 1 hour later, 2 hours after the original post[^] [v] #124,326
@124,264 (Yes !4et0YaTXO.)
You can't read and understand a question, and it shows. :(
@previous (A)
Is that a technical value, or do any of the clients/the network itself support this?
You can't read and understand a question, and it shows. :(
@previous (A)
Is that a technical value, or do any of the clients/the network itself support this?
Yes !4et0YaTXO. replied with this 15 years ago, 7 hours later, 9 hours after the original post[^] [v] #124,549
mountainman !4EB6xd.Oos joined in and replied with this 15 years ago, 1 hour later, 10 hours after the original post[^] [v] #124,573
Yes !4et0YaTXO. replied with this 15 years ago, 55 minutes later, 11 hours after the original post[^] [v] #124,615
Anonymous A (OP) replied with this 15 years ago, 5 minutes later, 11 hours after the original post[^] [v] #124,618
@previous (Yes !4et0YaTXO.)
It does not have to be centralized to be verified. It is verified by the swarm.
Stop trying to discuss a technology you have absolutely no understand of.
It does not have to be centralized to be verified. It is verified by the swarm.
Stop trying to discuss a technology you have absolutely no understand of.
(Edited 1 minute later.)
Anonymous A (OP) double-posted this 15 years ago, 1 minute later, 11 hours after the original post[^] [v] #124,620
@124,326 (Nega !34Kas0OdzM)
Technical. The main GUI doesn't support it without an easy hack. The main CLI does I think, and BitcoinJ supports it.
Considering .01BTC is = $0.25 they GUI will probably be updated shortly.
Technical. The main GUI doesn't support it without an easy hack. The main CLI does I think, and BitcoinJ supports it.
Considering .01BTC is = $0.25 they GUI will probably be updated shortly.
Yes !4et0YaTXO. replied with this 15 years ago, 16 minutes later, 12 hours after the original post[^] [v] #124,633
@124,618 (A)
> no understand of
Oh, okay.
If it is not centralized, I can still double spend. This has been tried before.
> no understand of
Oh, okay.
If it is not centralized, I can still double spend. This has been tried before.
Anonymous A (OP) replied with this 15 years ago, 3 minutes later, 12 hours after the original post[^] [v] #124,637
@previous (Yes !4et0YaTXO.)
> I can still double spend.
We've been over this, it has to be verified.
Shit-tier trolling! Please try harder.
> I can still double spend.
We've been over this, it has to be verified.
Shit-tier trolling! Please try harder.
Yes !4et0YaTXO. replied with this 15 years ago, 2 minutes later, 12 hours after the original post[^] [v] #124,639
Anonymous A (OP) replied with this 15 years ago, 1 minute later, 12 hours after the original post[^] [v] #124,641
Yes !4et0YaTXO. replied with this 15 years ago, 1 minute later, 12 hours after the original post[^] [v] #124,643
@previous (A)
Right. So it's centralized. I still win.
You are not posting citations to any academic paper, either, because you lack the intellect, to read one, or cannot find one.
Right. So it's centralized. I still win.
You are not posting citations to any academic paper, either, because you lack the intellect, to read one, or cannot find one.
Anonymous A (OP) replied with this 15 years ago, 1 minute later, 12 hours after the original post[^] [v] #124,644
@previous (Yes !4et0YaTXO.)
> Right. So it's centralized.
> swarm
> centralized
Are you fucking retarded? What the fuck do you think a swarm is?
You are not posting citations to any academic paper, either, because you lack the intellect, to read one, or cannot find one.
> Right. So it's centralized.
> swarm
> centralized
Are you fucking retarded? What the fuck do you think a swarm is?
You are not posting citations to any academic paper, either, because you lack the intellect, to read one, or cannot find one.
(Edited 28 seconds later.)
Yes !4et0YaTXO. replied with this 15 years ago, 4 minutes later, 12 hours after the original post[^] [v] #124,647
@previous (A)
You do not have any mathematical proof because you refuse to believe that your opinion is flawed. You are practicing something called "suspension of disbelief". By insulting me, rather than giving any reference or citation or even a scientific explanation, you show that your SOR is active.
How old are you? How long have you been on the Internet?
You do not have any mathematical proof because you refuse to believe that your opinion is flawed. You are practicing something called "suspension of disbelief". By insulting me, rather than giving any reference or citation or even a scientific explanation, you show that your SOR is active.
How old are you? How long have you been on the Internet?
Anonymous A (OP) replied with this 15 years ago, 36 seconds later, 12 hours after the original post[^] [v] #124,649
In order to transfer Bitcoins, you digitally sign a certificate that says you forfeit the Bitcoins, and give the recipients public key hash.
The swarm, a decentralized group of people running the Bitcoins software, check to make sure that you actually own the Bitcoins, and the update their records.
The academic paper:
http://www.bitcoin.org/bitcoin.pdf
The swarm, a decentralized group of people running the Bitcoins software, check to make sure that you actually own the Bitcoins, and the update their records.
The academic paper:
http://www.bitcoin.org/bitcoin.pdf
Anonymous A (OP) double-posted this 15 years ago, 2 minutes later, 12 hours after the original post[^] [v] #124,652
@124,647 (Yes !4et0YaTXO.)
Where did you back up your "double spend" claims? Where did you back up your "bitcoin is centralized" claims? You didn't. You were even retarded enough to say that a swarm was a centralized entity (AKA going full retard).
The decentralized nature is common sense, but I've linked to Satoshi Nakamoto's paper in my previous post anyway.
Anyone with a basic understanding of PKI can understand how this system works.
Where did you back up your "double spend" claims? Where did you back up your "bitcoin is centralized" claims? You didn't. You were even retarded enough to say that a swarm was a centralized entity (AKA going full retard).
The decentralized nature is common sense, but I've linked to Satoshi Nakamoto's paper in my previous post anyway.
Anyone with a basic understanding of PKI can understand how this system works.
Yes !4et0YaTXO. replied with this 15 years ago, 1 minute later, 12 hours after the original post[^] [v] #124,653
@124,649 (A)
> In order to transfer Bitcoins, you digitally sign a certificate that says you forfeit the Bitcoins, and give the recipients public key hash.
I can send a datum more than once. Double spend.
> The swarm, a decentralized group of people running the Bitcoins software, check to make sure that you actually own the Bitcoins, and the update their records.
Spending money becomes exponentially slower as more people join in. The only way to prevent the double spend, or to make sure that every datum is verifiable, every person would have to be online at all times.
This has been tried before. Maybe with a different method, but it has always failed. I win.
> In order to transfer Bitcoins, you digitally sign a certificate that says you forfeit the Bitcoins, and give the recipients public key hash.
I can send a datum more than once. Double spend.
> The swarm, a decentralized group of people running the Bitcoins software, check to make sure that you actually own the Bitcoins, and the update their records.
Spending money becomes exponentially slower as more people join in. The only way to prevent the double spend, or to make sure that every datum is verifiable, every person would have to be online at all times.
This has been tried before. Maybe with a different method, but it has always failed. I win.
Anonymous A (OP) replied with this 15 years ago, 10 minutes later, 12 hours after the original post[^] [v] #124,659
@previous (Yes !4et0YaTXO.)
> I can send a datum more than once. Double spend.
If you sign over the same bitcoins more than once, then the swarm will disregard all but one, because the Bitcoins are now assigned to a different public key hash.
Send bitcoin #45,678 to pubkeyhashA
send bitcoin #45,678 to pubkeyhashB
If you do this, then the second one will be disregarded, because pubkeyhashA is now associated with that bitcoin- not your pubkeyhash.
> Spending money becomes exponentially slower as more people join in.
Except that Bitcoins are introduced to the people who process transactions, so there is incentive to process transactions. The more transactions, the faster the introduction of bitcoins. this is why it is not slow, even with all the new users today.
> The only way to prevent the double spend, or to make sure that every datum is verifiable, every person would have to be online at all times.
I can decrypt a certificate to check if it was correctly signed no matter how many people are on the network, what the fuck are you talking about?
> This has been tried before. Maybe with a different method, but it has always failed. I win.
Failed? Then go make yourself a million Bitcoins and retire then. They are selling for $31, so you go do that.
> I can send a datum more than once. Double spend.
If you sign over the same bitcoins more than once, then the swarm will disregard all but one, because the Bitcoins are now assigned to a different public key hash.
Send bitcoin #45,678 to pubkeyhashA
send bitcoin #45,678 to pubkeyhashB
If you do this, then the second one will be disregarded, because pubkeyhashA is now associated with that bitcoin- not your pubkeyhash.
> Spending money becomes exponentially slower as more people join in.
Except that Bitcoins are introduced to the people who process transactions, so there is incentive to process transactions. The more transactions, the faster the introduction of bitcoins. this is why it is not slow, even with all the new users today.
> The only way to prevent the double spend, or to make sure that every datum is verifiable, every person would have to be online at all times.
I can decrypt a certificate to check if it was correctly signed no matter how many people are on the network, what the fuck are you talking about?
> This has been tried before. Maybe with a different method, but it has always failed. I win.
Failed? Then go make yourself a million Bitcoins and retire then. They are selling for $31, so you go do that.
(Edited 25 seconds later.)
Anonymous A (OP) double-posted this 15 years ago, 7 minutes later, 12 hours after the original post[^] [v] #124,660
@124,633 (Yes !4et0YaTXO.)
> This has been tried before.
Show me a single case where someone has double spent Bitcoins.
(You won't be able to, because the swarm will not associate two keys with the same coin)
> This has been tried before.
Show me a single case where someone has double spent Bitcoins.
(You won't be able to, because the swarm will not associate two keys with the same coin)
Nega !34Kas0OdzM replied with this 15 years ago, 6 minutes later, 12 hours after the original post[^] [v] #124,662
Yes !4et0YaTXO. replied with this 15 years ago, 2 minutes later, 12 hours after the original post[^] [v] #124,663
@124,659 (A)
I can still double spend. Just sign the datum for two people at the same time.
> The more transactions, the faster the introduction of bitcoins. this is why it is not slow, even with all the new users today.
You said it is slow. Now it is not slow?
I can still double spend. Just sign the datum for two people at the same time.
> The more transactions, the faster the introduction of bitcoins. this is why it is not slow, even with all the new users today.
You said it is slow. Now it is not slow?
Anonymous A (OP) replied with this 15 years ago, 27 seconds later, 12 hours after the original post[^] [v] #124,664
@124,662 (Nega !34Kas0OdzM)
> Stop doing that.
?
> What's a good stand-alone client for android?
Not sure, but it looks like there was a large bounty for one.
> Stop doing that.
?
> What's a good stand-alone client for android?
Not sure, but it looks like there was a large bounty for one.
(Edited 6 minutes later.)
Anonymous A (OP) double-posted this 15 years ago, 4 minutes later, 13 hours after the original post[^] [v] #124,666
@124,663 (Yes !4et0YaTXO.)
> I can still double spend. Just sign the datum for two people at the same time.
You can sign two certificates, sure. Neither will have the funds show up in their wallet at first. The swarm will verify one transaction, if you signed them at the same time, it will be random who- whichever fast mining pool checks first. Then they will update their records, and the other transaction will be disregarded because you do not own the funds, so you canont transfer the money.
The wallet won't tell you you have the coins until the swarm can agree with itself, and so double spending won't work- because the swarm will never agree that a bitcoin is held by two people.
> > The more transactions, the faster the introduction of bitcoins. this is why it is not slow, even with all the new users today.
> You said it is slow. Now it is not slow?
No, I didn't. Just CTRL+F'd that shit too.
> I can still double spend. Just sign the datum for two people at the same time.
You can sign two certificates, sure. Neither will have the funds show up in their wallet at first. The swarm will verify one transaction, if you signed them at the same time, it will be random who- whichever fast mining pool checks first. Then they will update their records, and the other transaction will be disregarded because you do not own the funds, so you canont transfer the money.
The wallet won't tell you you have the coins until the swarm can agree with itself, and so double spending won't work- because the swarm will never agree that a bitcoin is held by two people.
> > The more transactions, the faster the introduction of bitcoins. this is why it is not slow, even with all the new users today.
> You said it is slow. Now it is not slow?
No, I didn't. Just CTRL+F'd that shit too.
(Edited 54 seconds later.)
Nega !34Kas0OdzM replied with this 15 years ago, 1 minute later, 13 hours after the original post[^] [v] #124,667
Yes !4et0YaTXO. replied with this 15 years ago, 1 minute later, 13 hours after the original post[^] [v] #124,668
Anonymous A (OP) replied with this 15 years ago, 42 seconds later, 13 hours after the original post[^] [v] #124,669
@124,667 (Nega !34Kas0OdzM)
I can't tell if he's trolling, or not...
Not everyone understands PKI, and hivemind agreement, so he might be serious.
/aspie
I can't tell if he's trolling, or not...
Not everyone understands PKI, and hivemind agreement, so he might be serious.
/aspie
Anonymous A (OP) double-posted this 15 years ago, 34 seconds later, 13 hours after the original post[^] [v] #124,670
Yes !4et0YaTXO. replied with this 15 years ago, 6 minutes later, 13 hours after the original post[^] [v] #124,675
@previous (A)
How long would it take me to spend one bitcoin if only two people, including myself, were in the swarm?
How long would it take me to spend one bitcoin if only two people, including myself, were in the swarm?
Anonymous A (OP) replied with this 15 years ago, 2 minutes later, 13 hours after the original post[^] [v] #124,677
@previous (Yes !4et0YaTXO.)
> How long would it take me to spend one bitcoin if only two people, including myself, were in the swarm?
Depends on how fast your computer was, and how fast the other computer was.
But a single transaction wouldn't take too long.
> How long would it take me to spend one bitcoin if only two people, including myself, were in the swarm?
Depends on how fast your computer was, and how fast the other computer was.
But a single transaction wouldn't take too long.
Yes !4et0YaTXO. replied with this 15 years ago, 57 seconds later, 13 hours after the original post[^] [v] #124,680
Anonymous A (OP) replied with this 15 years ago, 3 minutes later, 13 hours after the original post[^] [v] #124,683
@previous (Yes !4et0YaTXO.)
There would be a better chance of a faster computer, and of course mining pools- group computing working on a single transaction. So faster. Consider as well that you would need the rest of the swarm to update their records when this transaction was verified.
There would be a better chance of a faster computer, and of course mining pools- group computing working on a single transaction. So faster. Consider as well that you would need the rest of the swarm to update their records when this transaction was verified.
Yes !4et0YaTXO. replied with this 15 years ago, 58 seconds later, 13 hours after the original post[^] [v] #124,685
Anonymous A (OP) replied with this 15 years ago, 5 minutes later, 13 hours after the original post[^] [v] #124,687
@previous (Yes !4et0YaTXO.)
You don't contact all the computers, you just need to contact one. It's P2P like Bittorrent (to upload something to bittorrent, you can talk to 1-10 machines and upload the file to thousands).
You don't contact all the computers, you just need to contact one. It's P2P like Bittorrent (to upload something to bittorrent, you can talk to 1-10 machines and upload the file to thousands).
Nega !34Kas0OdzM replied with this 15 years ago, 9 minutes later, 13 hours after the original post[^] [v] #124,696
Anonymous A (OP) replied with this 15 years ago, 3 minutes later, 13 hours after the original post[^] [v] #124,698
@previous (Nega !34Kas0OdzM)
I have to agree.
@124,685 (Yes !4et0YaTXO.)
Start by reading up on Public-Key cryptography, this is a good place to start. Read up on hashing, just the basics. If you don't understand P2P, another thing to read up on.
Wikipedia is a good place to check out, they have competent articles. Bitcoin.org has a Wiki with lots of information on cryptography.
I have to agree.
@124,685 (Yes !4et0YaTXO.)
Start by reading up on Public-Key cryptography, this is a good place to start. Read up on hashing, just the basics. If you don't understand P2P, another thing to read up on.
Wikipedia is a good place to check out, they have competent articles. Bitcoin.org has a Wiki with lots of information on cryptography.
Yes !4et0YaTXO. replied with this 15 years ago, 4 minutes later, 13 hours after the original post[^] [v] #124,709
@124,687 (A)
> You don't contact all the computers, you just need to contact one.
So only one computer verifies it?
> You don't contact all the computers, you just need to contact one.
So only one computer verifies it?
Nega !34Kas0OdzM replied with this 15 years ago, 4 minutes later, 13 hours after the original post[^] [v] #124,714
Anonymous A (OP) replied with this 15 years ago, 2 minutes later, 13 hours after the original post[^] [v] #124,717
@124,709 (Yes !4et0YaTXO.)
> You don't contact all the computers, you just need to contact one. It's P2P like Bittorrent (to upload something to bittorrent, you can talk to 1-10 machines and upload the file to thousands).
> You don't contact all the computers, you just need to contact one. It's P2P like Bittorrent (to upload something to bittorrent, you can talk to 1-10 machines and upload the file to thousands).
mountainman !4EB6xd.Oos replied with this 15 years ago, 19 seconds later, 13 hours after the original post[^] [v] #124,718
I like Nega's pictures
Anonymous A (OP) replied with this 15 years ago, 19 seconds later, 13 hours after the original post[^] [v] #124,719
Nega !34Kas0OdzM replied with this 15 years ago, 2 minutes later, 13 hours after the original post[^] [v] #124,724
Ks !KansasxqvM replied with this 15 years ago, 2 minutes later, 13 hours after the original post[^] [v] #124,729
Jesus just ignore that Yes faggot...
Nega !34Kas0OdzM replied with this 15 years ago, 4 minutes later, 14 hours after the original post[^] [v] #124,734
Anonymous A (OP) replied with this 15 years ago, 6 minutes later, 14 hours after the original post[^] [v] #124,740
Anonymous N joined in and replied with this 15 years ago, 26 minutes later, 14 hours after the original post[^] [v] #124,752
inb4 bitcoins is gold.
Anonymous O joined in and replied with this 15 years ago, 1 minute later, 14 hours after the original post[^] [v] #124,753
The bubble will burst soon methinks. I remember laughing at people who bought loads of bitcoins to sell years ago lol.
Yes !4et0YaTXO. replied with this 15 years ago, 1 hour later, 16 hours after the original post[^] [v] #124,911
benny joined in and replied with this 15 years ago, 4 minutes later, 16 hours after the original post[^] [v] #124,920
sim !!VASLIRK6A joined in and replied with this 15 years ago, 3 days later, 4 days after the original post[^] [v] #129,293
(Citing a deleted or non-existent reply.)