On Fees

On Fees When sending less than €1,000 of Bitcoin it’s worth paying attention to fees, but keep mind that your payment is competing with transactions that move €100,000 on equal terms. Transactions are charged per byte, not as a percentage of the amount. But willingness to pay is obviously a percentage of the amount. It’s… Continue reading On Fees

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Opt-in hard-fork without alternate transaction history?

Opt-in hard-fork without alternate transaction history? IETF’s RFC 7282 is an eloquent document which describes important aspects on koop consensus, and worthwhile if you want a more nuanced interpretation than “widespread agreement and disagreements addressed (even if not acommodated)”. Measuring Consensus Once we have a concrete technical proposal, and it seems to have some traction,… Continue reading Opt-in hard-fork without alternate transaction history?

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Replay Protection in The Blockchain Wars

Replay Protection in The Blockchain Wars First, I’ll let Jimmy Song explain transaction replay attacks: However what this short video doesn’t cover, is that there are multiple levels of replay protection. I believe a lot of anger and confusion stems from not properly understanding this. So I’ll do my best to explain.

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DNB en bitcoins

Het is onwaarschijnlijk dat virtuele valuta’s zoals de bitcoin op afzienbare termijn een bruikbaar alternatief voor het huidige geld zullen worden.   DNB – 8 mei 2014 Ik vermoed dat de DNB dit bulletin publiceerde met als voornaamste doel te voorkomen dat Henk en Ingrid al hun spaargeld in bitcoin stoppen met alle mogelijke rampzalige gevolgen… Continue reading DNB en bitcoins