| submitted by /u/Rod_Bottom
Link to the white paper is here – https://bitcoin.org/bitcoin.pdf
*9th page is the reference page. so really, it's only 8 pages.
I was just re-reading it, and i really enjoy Satoshi's outright sass in it. For example, when talking about 'greedy attackers' :
"He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth."
and you can see that he was aware and conscious about node's being able to store the blocks with commonly found hardware:
"A block header with no transactions would be about 80 bytes. If we suppose blocks are generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in memory."
EDIT – I've unknowingly sort of delved into the block-size/scaling debate in the last bit above. Not my intention. Bitcoin itself has evolved from the original white paper. Satoshi himself had found ways to improve on top of the white paper during the days he was active. My point here is to appreciate the great invention and truly understand it as told my the author/creator himself 🙂
this has not happend to me before and ive used btc and electrum for years but only recently started using it again ive sent btc off with a mining fee thats too small CAN YOU GUYS HELP ME or let me know what will most likely happen? thanks guys
Rogver Ver: … I suppose the reason why I'm not going to endorse segwit today is mainly because I feel like the current Core team didn't listen to the business community using bitcoin.
Phil Potter, Bitfinex CSO: that has nothing to do with the code that's there and ready right now. … It doesn't matter how we got here. We have to think about the future. It's a product here, now, it's well tested. It seems to me that it would be a real shame for it to not activate or to delay activation. Why?
Roger Ver: I suppose at this point because I feel that the current Core team hasn't listened to me enough. … At this point I wouldn't feel bad if additional competing development teams started to rival Core's position.
Phil: Roger, that's like saying nash equilibrium is bullshit because Nash was a schizophrenic despite the fact that he got a Nobel prize. You have to look at the code we have right now. We're at this point where– I almost feel like, and maybe I'm mischaracterizing, it feels like you're leading a filibuster, just because you're trying to force something that is otherwise has a — I think– ground support and should get activated. It's here, well tested, we can debate the next steps. To block it, or to not endorse it for political reasons, just seems like standing in the way of progress.
From the debate here: https://www.youtube.com/watch?v=ZlBKMDQ957Q
Full transcript (courtesy of /u/kanzure!): http://diyhpl.us/wiki/transcripts/2016-12-14-whalepool/
As the title mentions, I have a $ 23,000+ withdrawal pending since 6/30 and haven't received a response to any of my emails. I also emailed SynapsePay, who processed their wire transfers, and they emailed me same day, but obviously they have no idea because they ask for an IMAD OMAD number or something like that.
I am sure Kraken's reasoning for the delay will be that they are "busy" because of their recent acquisitions, but the deposit I made right after the acquisition just zipped right in.
I'd be careful with transacting any large amounts for now. Quick deposits + non-existent/super slow withdrawals is never a good sign. I know I know, Fidor Bank, Series A investments, millions, blah blah.
I have also done other wire transfers during this period from Chase to OptionsHouse and InteractiveBrokers, and they are done within hours, or next business day, and I'm sure their compliance requirements are just as stringent, so that won't be a valid excuse, nor will the 4th of July holiday, because I'm sure their employees celebrate that too. That's the only reason I'm concerned about this one, none of my other financial accounts are delayed. I'm supposedly Tier 3 verified, from the US, but I guess Tiers only matter when depositing. When it comes to withdrawing your own money, they'll get to it when they get to it, if it ever happens.
I'll keep you guys and gals updated.
UPDATE: This is a withdrawal to USD, not to a cryptowallet. I've never had any issue with crypto withdrawals through them, I've done withdrawals to an Ethereum wallet before, not Bitcoin but I'd assume that's fine too. Since it's a USD withdrawal maybe the issue is with Triumph Bank who handles their wire transfer deposits/withdrawals.