The first part of this amusement park ride was published here last bitcoin future 2014 ranger, as Bitcoind: Let us delve further into the depths of braindamage and despair. All bitcoin wallets contain at least one "account", which is a set of Bitcoin addresses such that an account can contain any number of addresses, but any one given address bitcoin future 2014 ranger belong to only one account.
These accounts are arbitrarily created, except all wallets have by default an account named "". All bitcoin accounts have an associated balance, representing the total Bitcoin balance they hold Except this balance is not in fact calculated as the sum of Bitcoin balances held in the associated addresses Provided the sum of balances held by all accounts in a wallet doesn't exceed the total Bitcoin held by all the addresses in that wallet.
Except wallet account balances can be negative, in which case you can indeed exceed the total Bitcoin held by all the bitcoin future 2014 ranger in that wallet, and this happens quite commonly without any particular exertions on the part of the user.
Meanwhile Bitcoin wallet accounts in no way influence any Bitcoin bitcoin future 2014 ranger, in that when ordered to make a payment Bitcoin software still selects coins from the whole wallet according to its own rules, completely ignoring which account it was supposed to pay from.
Except it will arbitrarily fail for absolutely no reason if said account nominally had a balance associated that's less than the declared payment, notwithstanding that a the account balance is meaningless anyway and b the payment process doesn't even look at accounts when selecting the addresses it's paying from. So basically this just works as an arbitrary failure mode for no reason, just a random error message in there for the case you were bored.
Which, inasmuch as bitcoin future 2014 ranger using Bitcoin for any purpose whatsoever, you most definitely will never be.
Labels are a different implementation of the same concept if you can call it that. They equally do not work, and to quote:.
Use one or the other, not both at the same time. Diapolo commented September 16, Well it's at least intersting to have accounts, with names I never set by using Bitcoin-Qt, no? I have no clue about the bitcoin future 2014 ranger of labels, just asking: For historical purposes labels and accounts use the same underlying information in the database but in different ways.
I guess that should be changed some day, but bitcoin future 2014 ranger that and keeping backwards compatibility neither losing your labels nor accounts will at least require a lot of testing. The usage of empty strings in some RPC commands is so frustrating. Actually, most of them are frustrating. The balance, received etc. Now that bitcoind can even be ran only as a dumb node https: Armory provides already a sane account system, you have multiple wallets, which are separate collections of addresses, with no leakage.
And you can label transactions! I also have high hopes for armoryd the programmable part of Armory. Indeed Armory seems to have been maturing nicely, and generally I've only heard good things of them.
Bitcoin wallets consist of a list of private keys, which are hashed into Bitcoin addresses these practically would be the respective public keys. All Bitcoins in existence now or ever to be created in the future strictly exist as balances allocated to such addresses by the consensus-building instrument known bitcoin future 2014 ranger the blockchain. And can be arbitrarily set to any value you wish Provided the sum of balances held by all accounts in a wallet doesn't exceed the total Bitcoin held by all the addresses in that wallet, VII.
Meanwhile Bitcoin wallet accounts in no way influence any Bitcoin payments, in that when ordered to make a payment Bitcoin software still selects coins from the whole wallet according to its own rules, completely ignoring which account it was supposed to pay from, IX.
They equally do not work, and to quote: How do you like it? Ooooobviously, we don't need any specification here, because the specification is the code. Bitcoin future 2014 ranger to the world of the Powerfully Retarded Rangers.
Leave your own comment below, or send a trackback. A compendium of basic points about Bitcoin for the benefit of various confused noobs. Recent Comments pletzalcoatl Postul lui zoso e haios de tot, bietul inca publica articole din Trilema Mircea Popescu Noa frate, probleme, chestii. Mircea Popescu Pretty much exact summary. Mocky I remember that game. It seemed like there was so much potential during the Mircea Popescu That portion was in bitcoin-assets, see. Approximately the gap in the Tu non sei nessuno.
Cristian Nu astept nici un fel de literatura de la ochelariste cuminti, bitcoin future 2014 ranger Mircea Popescu Cristino, la virsta si-n situatia ta nu-i asa o idee inteleapta sa Sunt diagnosticata cu bitcoin future 2014 ranger de tiroida dun Si dupa cand asculti "tipule suntem la Mircea Popescu Ah, right you are.
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