Ami apner help chai vai... amake help korben please

Hi all,

New user here, just set up the bitcoin software yesterday. I've been very excited about decentralised cash for some time.

Aside from some architectural issues (the GUI needs to be seperate, needs an exposed API for starting transactions for automatic webshops, make the protocol run on arbitrary ports and look like SSL to prevent filtering, etc), the solution looks good. Needs a bit more technical documentation to satisfy people's concerns though.

I have a question though regarding the traceability of the coins. Can each coin be traced back through all intermediaries? I.e., if I generate a coin now, it then passes through 100 people, can the the coin then be traced through the past 99 transactions and back to me? It seems to me that that is the way it works, but I just want to be sure. It seems that if I create many bitcoin addresses, I always see the same balance for them - if I have money on one account and wish to send to someone from a different account, will the bitcoin software then automatically pay the money from my account #1 to my account #2 and then to the recipient? This creates an easy way to leak identities that should maybe be handled differently.


I also have seen some references to transaction fees in some cases, but haven't found a clear explanation for where they apply? What specific situations will warrant a transaction fee, which mechanism decides if one should be applied and how is it ensured? What formula can we use to calculate these fees?


For the future of online money transaction! Smiley

What's will go to happen after Bitcoin reach it's total supply ?

On January 2 one of the most well-known developers for the original bitcoin protocol, Gavin Andresen, contributed an idea to Github called “Storing the UTXO as a bit-vector.” Andresen has been active on Github for the past month as his contributions have been focused on general (Unspent Transaction Output) UTXO sets, but this particular idea is for the Bitcoin Cash (BCH) network.

Gavin Andresen has been lurking around Github for the past twenty-seven days, and on the second day of the new year, the developer contributed an idea for the BCH network. The concept Andresen called “Half-baked thoughts exploring a different way of implementing a fully-validating BCH node,” is an idea on shifting the storage of full transaction data to wallets. The developer explains the concept is to let every node in the new network store a bit-vector for every block which can be highly compressible even for gigabyte-sized blocks.

“This isn’t a problem today (the UTXO set easily fits in the RAM of an inexpensive server-class machine), but might eventually be at very large transaction volumes,” explains Andresen.

Andresen believes the best option is to let “node operators hand-pick one or more semi-trusted nodes to get fast boot-strapping.”

“That is simple, and there are plenty of full-node operators who have the right incentives to always serve up correct UTXO bit-vectors,” Andresen adds.     

Cryptocurrency has been in existence for 9 long years now though if we have to compare it to the fiat money maybe we can consider Bitcoin as still a baby and its full potential is still a long, long way ahead of itself. However, the road to the promised land is not free from humps and dumps as there will always be trials, challenges, twists, turns and all the things in between along the way.

Bitcoin and other coins have been a great blessing to me financially as I was able to regain back what I lost in many scams and failed programs in the past. Right now, am investing some of my Bitcoin in many smaller ICO sites which I expect can bring in more blessings to me and my family. Hopefully this year, I can be able to repair my small house and buy some furnishings -- all because I got involved with Bitcoin and cryptocurrency.

What about you...what are the blessings which cryptocurrency brought on to your life at least financially speaking? And with that I want to say thanks a lot to Nakamoto.

Over the past few months, U.S. regulators and appointed lawmakers have been researching and drafting regulatory guidelines for digital assets like bitcoin. Last year the Colorado Democrat Jared Polis and Arizona Republican David Schweikert initiated the Congressional Blockchain Caucus. The caucus was created to help bureaucrats develop regulatory policies towards cryptocurrencies and their blockchain networks. Both Schweikert and Polis established the Cryptocurrency Tax Fairness Act, while other U.S. lawmakers have been also drafting legislative rules for digital assets.

According to a recent report, cryptocurrency advocacy among elected politicians concerns members of the Sunlight Foundation, a government transparency think-tank, the Office of Government Ethics, and other transparency groups.

“Whether a member of Congress has holdings of bitcoin is relevant to our understanding of where someone’s interests might lie,” Alex Howard the Sunlight Foundation’s deputy director explains in an interview.

Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated. Smiley
















 

I know this is an stupid question, and i can imagine some obvious scenarios like the urgency of a dissease or real life time trouble to sell all your bitcoins at once, but... why else does people sell their bitcoins? ITs been said that mining is efficient, but buying bitcoins is even more efficient. So why would someone sell his bitcoins if their value is going to grow anyways?

Maybe because its safer to not have them all stored because they can get hacked and robbed? And if they were... "Paper firmed" (somehow i readed that one can have theyr bitcoins in paper instead of wallet i dont remember how) because they can get physical robbed or wrecked too?

What other scenarios are possible for someone to prefer selling their bitcoins instead of keeping for further upvalue?