Fuckin ay!
sorted
May litres of bliss n gratitude rain down upon thee!
checked out all the links; the blockchain is great to know about though i dont think i fully understand it all yet... so as i see it so far the transfers made are supported by the 'mining' process, and the reason it took longer this time is because theres a differed balance between people 'mining'(mining being the process of supporting transactions for others?) and people transferring as last time i made a transfer to SR?
and the number of confirmations is relative to the support and surety that the transfer has happened?
but then that begs the question of why the confirmations keep rising beyond it being confirmed adequately for the transfer to occur?? if this is the way it works i must question if a transfer can be 'un-mined' because the transfer happens at 6 or so confirmations but it continues to be confirmed.... why continue beyond 6? i thought confirmation would be definitive?
the transfer in question is now sitting on 96 confirmations, however previous transfers show no register of confirmations... who many before its decided that the transfer is fully confirmed?
Ahhhhh complex shit ay! monstrous head fuckery! haha, love it! produced by advanced anarchistic principles, im damn glad this kinda freedom has been created, and the fact its supported and used shows me theres an intelligently collaborated crew against the regular, and making their own!
Thanks again good cunts!! xo
Great, glad to hear your deposit has arrived!
'Mining' is the process of using computer/graphic/microchip power to solve complex mathematical algorithms in order to produce a new 'block' and add it to the blockchain. This block contains a record of all Bitcoin transactions that have occurred since the last block was added, and so on so forth. Each time a new block is added to the blockchain, the transaction that occurred in the previous block gets another confirmation. The more confirmations a block has, the harder it is to theoretically undo it. It's like building a wall block by block from the ground up - the more blocks you add to the wall, the harder it is to get at or move the blocks lower down.
With enough computer processing power, an entity could theoretically reverse the transactions that occurred previously in the blockchain. However, it takes significantly more power to do this the more confirmations (or blocks on top of it) that the transaction has, hence the increasing number of confirmations for each transaction as blocks are added!
Generally speaking, a transfer is considered fully confirmed by most people once it has reached 3 confirmations. This may increase to 6 confirmations due to the huge amount of processing power that is going to be released into the mining system in the coming months to safeguard against the possibility of a single group temporarily amassing enough processing power to cause a 'fork' in the blockchain. You'll have to read more about that over on the Bitcoin Wiki though, I'm afraid!
As for this:
Thanks again good cunts!! xo
Cracked up!
Libertas
EDIT: Locked as resolved.