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Happy Noodle Boy posted:loving L O L if only 15% of their planned spam was enough to poo poo things up. bitcoin can at most clear through 136,800kb of transaction data per day. the average day has about 61,000kb of transactions. about 1/3 to 1/2 of the miners cap at 730kb blocks instead though and some miners will occasionally push through empty blocks so a normal day sees something closer to 110,000kb able to be cleared. they wanted to send out 200,000kb of transaction data, plus were hoping for at least the normal day of 60,000kb if not more. that would have left 150,000kb in the mempool after the day of the stress test, which would have taken 2 days to clear through, ignoring any additional transactions made on those days. it would have left a whole lot of people unable to use their bitcoins for multiple days, and so much worse if other people had joined in to also send stress test transactions. hopefully they get whatever bug that crashed their server fixed and they can really shut it all down next time.
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Jun 23, 2015 07:09
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Robawesome posted:Approximately 15% of our planned transaction volume occurred. 
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Jun 23, 2015 07:51
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CARL MARK FORCE IV pled guilty as well today
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Jun 23, 2015 07:58
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Happy Noodle Boy posted:[–]aaaaaaaarrrrrgh 28 points 5 hours ago* you just know this dude started out by saying to himself "yeah i could totes run that right now" then realised that his home connexion was in bits not bytes then it all went to poo poo after also i'm p sure that since it's peered traffic you ideally need to sustain that bandwidth * n also he figures that somehow nodes are getting paid for all this poo poo i guess that in 2030 the 3 remaining mining pools will have to bundle in full node functionality
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Jun 23, 2015 08:14
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demonicon posted:Your typical bitcoin essay: I don't know how shameful, isn't it
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Jun 23, 2015 09:15
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FCKGW posted:CARL MARK FORCE IV pled guilty as well today MOVING BITS IS NOT A CRIME! WTF!
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Jun 23, 2015 09:16
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fermun posted:about 1/3 to 1/2 of the miners cap at 730kb blocks instead though
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Jun 23, 2015 10:59
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Heresiarch posted:i think the more appropriate comparison would be to political parties that schism over minor issues (see: the radical left in america) but the religion one is funnier so let's stick with it People's Front of Bitcoin vs Bitcoin People's Front
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Jun 23, 2015 11:00
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Bonfire Lit posted:i still don't understand why that is though, i mean if the protocol says you can put a meg into a block then why aren't people doing that? shouldn't they be getting more monopoly money from including as many transactions as they can? surely there's a reason why the default block size is 3/4 of what's possible bitcoin: surely there's a reason why
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Jun 23, 2015 11:15
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the bfl yospos special mining rig
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Jun 23, 2015 11:27
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Bonfire Lit posted:i still don't understand why that is though, i mean if the protocol says you can put a meg into a block then why aren't people doing that? shouldn't they be getting more monopoly money from including as many transactions as they can? surely there's a reason why the default block size is 3/4 of what's possible Some miners include no transactions, because the smaller the block the faster it gets sent over the network, and if someone else solved a block at the same time as you, having a smaller block might mean yours gets to 50% of the network faster and hence wins and you get the mining reward. I think the mining reward is much larger than the potential fees right now, but that will change over the years. So I guess 730KB is a tradeoff between 0 and 1MB? At least I think that's how it works.
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Jun 23, 2015 11:28
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Robawesome posted:[–]SpunkShrapnel 6 points 5 hours ago btw has he done anything lately
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Jun 23, 2015 11:29
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Robawesome posted:something crazy is happening with this stress test. electrum going bonkers (self.Bitcoin) FCKGW posted:I mine slow
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Jun 23, 2015 11:31
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Bonfire Lit posted:i still don't understand why that is though, i mean if the protocol says you can put a meg into a block then why aren't people doing that? shouldn't they be getting more monopoly money from including as many transactions as they can? surely there's a reason why the default block size is 3/4 of what's possible if two pools find the answer at the same time the one that propagates through the network first wins the bitcoins or something retarded like that but the reward for including transactions is like $300 a hour while finding the block is around $30k/hr
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Jun 23, 2015 11:34
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jony ive aces posted:"if it's not a legitimate transaction the bitcoin protocol has ways to shut the whole thing down" - andreas antonopoulos or someone, probably he's being suspiciously reasonable and hence un-bitcoin like https://twitter.com/aantonop/status/612799391624232960
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Jun 23, 2015 11:34
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Erenthal posted:he's being suspiciously reasonable and hence un-bitcoin like Speaking of Greece, Greek PM says rejects tax hike on electricity: bitcoin still has some hope in Greece, then.
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Jun 23, 2015 12:26
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quote:[–]Satoshi- 20 points 13 hours ago phew, ostracism averted!
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Jun 23, 2015 12:38
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re bitcoin in greese:
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Jun 23, 2015 13:23
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Buttcoin purse posted:I think the mining reward is much larger than the potential fees right now the mining reward is 25 bitcoins which is vastly greater than any potential fee (unless someone fat fingers their transaction which has happened before) that reward is going to halve in the not-too-distant future, though
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Jun 23, 2015 13:24
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TVarmy posted:re bitcoin in greese:
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Jun 23, 2015 13:37
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I wonder if I could kickstarter "disable Bitcoin for the month of  August". there must be $90K of statist shill spite out there.
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Jun 23, 2015 13:47
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what would they say when you fail to meet the goals like goddamn are we not even worth a banker kicking in a few thou
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Jun 23, 2015 13:49
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yeah, I don't see a way to lose
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Jun 23, 2015 13:50
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Subjunctive posted:I wonder if I could kickstarter "disable Bitcoin for the month of Do it, I'd kick in a few bucks. Stretch goals should just be additional days of bitcoin deadlock.
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Jun 23, 2015 13:59
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RZA Encryption posted:Do it, I'd kick in a few bucks. Stretch goals should just be additional days of bitcoin deadlock. and a mobile app that sends alerts for milestones in backlog
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Jun 23, 2015 14:02
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This is a true story of something that happened just a few years ago at the Machine Intelligence Research Institute. There was a professor of economics there who was a deeply committed bureaucratic statist. His primary goal for one required class was to spend the entire semester attempting to prove that a deflationary currency in a non-Keynesian economy couldn't work. His students were always afraid to argue with him because of his impeccable logic. For twenty years, he had taught this class and no one had ever had the courage to go against him. Sure, some had argued in class at times, but no one had ever 'really gone against him' (you'll see what I mean later). Nobody would go against him because he had a reputation. At the end of every semester, on the last day, he would say to his class of 300 students, "If there anyone here who still believes in Bitcoin, stand up!" In twenty years, no one had ever stood up. They knew what he was going to do next. He would say, "because anyone who does believe in Bitcoin is a fool. If Bitcoin existed, it could stop this piece of chalk from inflating beyond affordability and being replaced by a whiteboard marker. Such a simple task to prove that Bitcoin is workable, and yet it can't do it." And every year, he would drop the chalk onto the tile floor of the classroom and it would shatter into a hundred pieces. The students could do nothing but stop and stare. Most of the students were convinced that Bitcoin couldn't work. Certainly, a number of freedom-lovers had slipped through, but for 20 years, they had been too afraid to stand up. Well, a few years ago, there was a freshman who happened to get enrolled in the class. He was a freedom-loving anarchocapitalist and regular Freedomain Radio listener, and had heard the stories about this professor. He had to take the class because it was one of the required classes for his major and he was afraid. But for 3 months that semester, he prayed to Stefan every morning that he would have the courage to stand up no matter what the professor said or what the class thought. Nothing they said or did could ever shatter his faith, he hoped. Finally the day came. The professor said, "If there is anyone here who still believes in Bitcoin, stand up!" The professor and the class of 300 people looked at him, shocked, as he stood up at the back of the classroom. The professor shouted, "You FOOL!! If Bitcoin worked, it could keep this piece of chalk from breaking when it hit the ground!" He proceeded to drop the chalk, but as he did, it slipped out of his fingers, off his shirt cuff, onto the pleats of his pants, down his leg, and off his shoe. As it hit the ground, it simply rolled away, unbroken. The professor's jaw dropped as he stared at the chalk. He looked up at the young man and then ran out of the lecture hall. The young man who had stood up proceeded to walk to the front of the room and share his faith in the white paper for the next half hour. 300 students stayed and listened as he told of Satoshi's love for them and of his power through Bitcoin. divabot fucked around with this message at 14:25 on Jun 23, 2015 |
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Jun 23, 2015 14:05
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divabot posted:faith in Satoshi
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Jun 23, 2015 14:11
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RZA Encryption posted:Do it, I'd kick in a few bucks. Stretch goals should just be additional days of bitcoin deadlock. have you checked his scammer tag yet?
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Jun 23, 2015 14:19
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darn, you're right. Post fixed.
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Jun 23, 2015 14:25
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Heresiarch posted:i think the more appropriate comparison would be to political parties that schism over minor issues (see: the radical left in america) but the religion one is funnier so let's stick with it i fail to see significant difference in the two
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Jun 23, 2015 14:45
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blugu64 posted:have you checked his scammer tag yet? I couldn't find any negative feedback, which is the same thing as having excellent feedback.
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Jun 23, 2015 14:50
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Buttcoin purse posted:Some miners include no transactions, because the smaller the block the faster it gets sent over the network, and if someone else solved a block at the same time as you, having a smaller block might mean yours gets to 50% of the network faster and hence wins and you get the mining reward. I think the mining reward is much larger than the potential fees right now, but that will change over the years. So I guess 730KB is a tradeoff between 0 and 1MB? of note: this basically makes bitcoin completely worthless (even in bitcoin terms) and there's no way this would make your average profits go up by more than like .1%
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Jun 23, 2015 14:51
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Robawesome posted:The max pending backlog was 15MB. Far short of the 200mb goal.
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Jun 23, 2015 15:13
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anthonypants posted:is it just me or doesn't this come out to ~7.5% backed by math
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Jun 23, 2015 15:15
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anthonypants posted:is it just me or doesn't this come out to ~7.5% UM that's what "approximately" means. it's not EXACT. 15 is APPROXIMATELY 7.5. in bitcoinland
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Jun 23, 2015 15:17
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Boxturret posted:backed by meth But really, enough about bitcoin.
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Jun 23, 2015 15:17
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sometimes i mine slow sometimes i mine quick
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Jun 23, 2015 15:36
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FCKGW posted:CARL MARK FORCE IV pled guilty as well today pls pay attention to this post pls
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Jun 23, 2015 15:59
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goodbye trial of the century 
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Jun 23, 2015 16:01
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Boxturret posted:goodbye trial of the century ugh, I was hoping for at least one more "Karpeles did it!"
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Jun 23, 2015 16:05
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