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| kanzure | https://vote.heliosvoting.org/docs | 07:28 |
|---|---|---|
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| Taek | does not solve Sybil attacks, still need some way to verify that each ballet corresponds to a legitimate voter who only got one vote. | 07:32 |
| Taek | nonetheless a cool technology | 07:32 |
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| fluffypony | Taek: each ballet? like Swan Lake? | 08:32 |
| * fluffypony pedantries all the way to the front of the line | 08:32 | |
| * Taek never knew there was a ballot | 08:32 | |
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| OxADADA | what would be Blockstreams incentives to limit the blocksize? | 09:24 |
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| andytoshi | OxADADA: not here, please. this is not a political channel | 09:34 |
| OxADADA | done. took it elsewhere. | 09:35 |
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| JackH | ok I need a good phrase to what mining is. Give me a nice catchy line wizards | 14:00 |
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| JackH | mining is the process of ordering the chain....or, something even more catchy | 14:01 |
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| tromp_ | mining is a concensus building puzzle solving competition | 14:06 |
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| Eliel | tromp_: I like that :) | 14:11 |
| JackH | hmm, I need more text | 14:12 |
| JackH | and it is too vague | 14:13 |
| waxwing | mining is like a peacock's feathers or a stag's antlers | 14:13 |
| JackH | ahh yes! | 14:13 |
| JackH | I will go with then | 14:13 |
| JackH | :D | 14:13 |
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| amiller | maning is solving complex physics problems called bitcoins | 14:18 |
| * nsh smiles | 14:19 | |
| veridium | s/h/a | 14:19 |
| veridium | s/'/'/'/'/a | 14:20 |
| veridium | wait | 14:20 |
| veridium | no | 14:20 |
| veridium | s/'/'/'/'/'' | 14:20 |
| veridium | still wrong | 14:22 |
| veridium | substitute slash for null | 14:22 |
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| JackH | hmm | 14:28 |
| JackH | we need much longer sentences | 14:28 |
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| JackH | mining is a way to order the transactions by... | 14:29 |
| JackH | I want organise, ordering, structure as part of it | 14:29 |
| JackH | the Bitcoin wiki is really bad at explaining it, and bitcoin.org is plainly wrong | 14:29 |
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| harding | JackH: on which page(s) did bitcoin.org get it wrong? | 14:34 |
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| tromp_ | mining is a mechanism for converting energy into agreement | 14:37 |
| JackH | sec harding | 14:38 |
| tromp_ | or a way to sell a piece of (transaction) history to the highest computational bidder | 14:39 |
| JackH | Mining | 14:39 |
| JackH | Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. As a reward for their services, Bitcoin miners can collect transaction fees for the transactions they confirm, along with newly created bitcoins. Mining is a specialized and competitive market where the rewards are divided up according to how much calculation is done. Not all Bit | 14:39 |
| JackH | coin users do Bitcoin mining, and it is not an easy way to make money. | 14:39 |
| JackH | https://bitcoin.org/en/vocabulary | 14:39 |
| JackH | it just sounds wrong | 14:39 |
| JackH | it sounds like it is a processing service | 14:39 |
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| JackH | they dont exactly calculate to confirm directly | 14:40 |
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| JackH | which brings us back to -> we could use a very nice sounding definition of the mining process itself | 14:42 |
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| tromp_ | feel free to improve the wiki | 14:46 |
| tromp_ | oh wait. it's not a wiki. who runs this website? | 14:47 |
| JackH | the wiki is alright, but vague | 14:48 |
| JackH | we still miss the 3-4 punchlines of what miners actually do | 14:48 |
| harding | JachH: Mining is the process of placing valid Bitcoin transaction in logical order so that the blockchain can be parsed sequencially, as well as the process of protecting each block with accumlatable proof of work so that changing that block also requires changing all of that block's descendents. | 14:48 |
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| harding | That could probably use some improvement, but is it generally what you're looking for? | 14:49 |
| nsh | except for the wrong bits :) | 14:49 |
| tromp_ | harding: are you the listed Inactive Contributor on https://bitcoin.org/en/about-us ? | 14:49 |
| harding | tromp_: yes. | 14:49 |
| JackH | yeah that has a good sound to it harding | 14:49 |
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| harding | Mining is the process of ordering valid Bitcoin transactions and chaining groups (blocks) of them together using hash-based references, merkle trees, and proof of work so that a blockchain can be parsed | 15:12 |
| harding | sequencially and compared to other blockchains based on the total amount of work expended in generating each chain, allowing individual software to independently come to agreement that the chain of valid blocks | 15:12 |
| harding | containing the most work is the current record of transaction history. | 15:12 |
| JackH | yup, this sounds wikipedia monotone style! very nice | 15:13 |
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| Bitcoindouble_ | Hi guys So i came accross www. 1freebitcoin . Com on google It claims it doubles bitcoins you send to a generated address within 3 confimations I started with 0.1btc stated minimum waited for 3 confimations on the blockchain and boom there was 0.2 btc sent to my wallet so i went on to send 1.0 btc and got 2.0 back on 3rd conf just sent 1.0 again waiting for 2 more confimations will update | 18:34 |
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| p15 | don't fall for it | 18:59 |
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| amiller | i think it's pretty straightforward to turn this interactive proof-of-proof-of-work protocol into a proper noninteractive compact SPV proof | 22:20 |
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| --- Log closed Fri Mar 04 00:00:50 2016 | ||
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