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101  Bitcoin / Mining / Re: Is deepbit payouts fair? on: July 22, 2011, 04:20:12 PM
Deepbit pays transactions fees for distributing earnings.  Could that be the source of discrepancy, or is that price already factored into the 3% fee?

Edit: Probably factored into the 3%.  Talldude's answer accounts for the discrepancy.
102  Bitcoin / Bitcoin Discussion / Re: USD down again. BTC rock steady. on: July 21, 2011, 08:59:16 PM
Exactly.  If you're measuring BTC value in USD, then a fall in value of USD also means a fall in value of BTC.

You guys realize that dollar debasement results in more dollars needed to price in equivalent value? So the dollar-based price would in fact rise. Part of that dynamic is happening in gold right now.
True, but we don't see it reflected in day-to-day BTC/USD prices as you do with Au/USD.  I think as more foreign currency Bitcoin exchanges open, we'll see the value of the BTC less-closely associated with the USD.
103  Economy / Goods / Re: Bitcoin keychains have arrived! BUY BUY BUY!!! on: July 21, 2011, 08:02:43 PM
Thanks Fitty for the free keychain!   It'll help bring up Bitcoin in conversations, and much cheaper than a tattoo too.
104  Bitcoin / Bitcoin Discussion / Re: USD down again. BTC rock steady. on: July 21, 2011, 07:15:24 PM
If you mean steady in relation to USD, that SUCKS, since it means both BTC and USD moved down compared to the rest of the world.
Exactly.  If you're measuring BTC value in USD, then a fall in value of USD also means a fall in value of BTC.
105  Bitcoin / Bitcoin Discussion / Re: Bitcoin Promotion on: July 21, 2011, 04:14:08 PM
Where?  In the US you must accept payment in USD for debts owed (like a plumber after the work is done, or a meal in a restaurant after it is eaten) but for an item for sale you do not as it is not a debt. 

Also, even if you were collecting for an actual debt owed, it specifies that you must accept notes and coins, not Visa/Mastercard/Paypal. 
106  Bitcoin / Bitcoin Discussion / Re: Doing magazine interview, question for after all coins are released on: July 19, 2011, 11:27:10 PM
Transaction fees.  Miners validate the transactions.  If you want a confirmed transaction within a reasonable amount of time, you'll have to pay a fee.  The supply of miners and demand for confirmations should find a balance.
107  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mention in CNN on: July 19, 2011, 04:34:30 AM
Of course it was a fluff piece.  Everything on CNN is fluff these days (with the exception Fareed Zakaria).  Given the target audience though, I think it was still balanced coverage and overall some good PR for Bitcoin.  (I would have expected them to have opted for a more sensationalist story, focusing on black markets and what not.)

And honestly if they had started diving into the more technical benefits, the typical viewer would have tuned out.  Instead they showed someone buying lunch with an iPhone, which will appeal to many more people.  And the story mentioned how Bitcoin ideologically opposes fiat, which should appeal to any Teapartiers who happen to be watching CNN instead of Fox.   Collectively,  iPhone owners (and would-be owners) and Teapartiers should easily account for the large majority of the American population.
108  Bitcoin / Bitcoin Discussion / Re: How much of your net worth stored in Bitcoins? on: July 19, 2011, 03:41:31 AM
Error: divide by zero exception uncaught.
109  Bitcoin / Bitcoin Discussion / Re: This is everything Bitcoin should not, and cannot be. on: July 19, 2011, 02:33:41 AM
Sadly, their page design is more polished than many (legitimate) Bitcoin sites I've encountered.
110  Bitcoin / Bitcoin Discussion / Re: Discounted Auctions as a way to publicise Bitcoin ? on: July 15, 2011, 09:03:43 PM
I've been listing my auctions as accepting Bitcoin. But I think I'll also start offering a small discount for using Bitcoin, if for no other reasons:

  • No possibility of charge-backs.  I could even ship to Nigeria and not have to worry about the transaction being reversed against my will.
  • Save the ~3-4% that Paypal would charge me on each transaction.

Perhaps I'll even require Bitcoin for international buyers.   I've noticed many sellers simply refuse to ship internationally, or to specific countries with bad reputations for fraud/lost mail.  This is one area where Bitcoin has potential to find an early niche use.
111  Bitcoin / Bitcoin Discussion / Re: BTC vs Paypal: Propaganda Warfare on: July 15, 2011, 08:51:39 PM
I also noticed an article promoting Paypal on Android as 'P2P':

http://arstechnica.com/gadgets/news/2011/07/paypal-debuts-peer-to-peer-payments-on-smartphones-via-nfcp2p-paypal-payments-coming-via-nfc-capable-phones.ars

Perhaps they mean P2P as opposed to B2B?  Either way, it seems another PR effort to hijack terms associated with Bitcoin.
112  Bitcoin / Bitcoin Discussion / Re: [FORBES] How Private Are Bitcoin Transactions? on: July 15, 2011, 03:06:44 AM
The Forbes blogger posted a follow-up to the original:

http://blogs.forbes.com/timothylee/2011/07/14/advanced-bitcoin-anonymity/
113  Bitcoin / Hardware wallets / Re: Android Bitcoin Wallet on: July 15, 2011, 02:52:16 AM
Hey Andreas.  Nice client! 

I'm trying to build it from source but at this point I need the Zxing library.  I made a quick attempt to build Zxing from source, but it failed.  Before I invest more time in building Zxing, I was wondering if you could direct me towards a compiled jar library of Zxing.  I didn't see it on their project page, only a source zip and the APK file.  Did I overlook it?  Or should it be extracted somehow from the APK?

Thanks.
114  Bitcoin / Mining / Re: Don't Mine on an iMac! on: July 11, 2011, 04:17:45 AM
Apparently Open CL doesn't work very well on a Mac, so I was only mining at about 1/4 the rate that the 6970 would get in a PC
Anyone have any idea if Lion will even come close to fixing this? Or is there going to be no change?

Yes it does indeed appear so.  Upgrading from SL to Lion has roughly doubled DiabloMiner.app's performance on my MacPro from an average of 140MH/s to 285MH/s with a Radeon HD5870. 
115  Other / Beginners & Help / Re: Bitcoin Android Released! on: July 11, 2011, 04:05:47 AM
I think it's probably advisable to only keep a small amount in a mobile wallet, not only because of the current lack of encryption, but because mobile devices are more easily susceptible to theft and loss.  I suppose you could employ other measures such as regular backups and remote wipe capabilities.  But still, in most use cases, I expect a user would only want a few bitcoins on his person anyway.

Keep up the good work developers!
116  Other / Beginners & Help / Re: Newbie restrictions on: July 10, 2011, 07:59:37 PM
A fair policy.  Hope this counts towards my five.
117  Other / Beginners & Help / DiabloMiner.app - Dramatic improvement on OS-X 10.7 Lion on: July 09, 2011, 05:53:45 PM
I have a 5870 in my Mac Pro1,1.  I tried out DiabloMiner.app in 10.6 Snow Leopard, which yielded an average of 140MH/s.

After an upgrade to 10.7 Lion, I now see an average of 273MH/s.

I'm not exactly sure why the change appears so drastic.  Perhaps it was an upgrade to the ATI drivers and/or OpenCL framework.  Or perhaps 10.7's UI is just much more efficient with its use of the GPU for acceleration.  (Java version is still 1.6)

Either way, it was a welcome bump in my mining efforts.  Smiley But I think perhaps it could still perform better by booting into Ubuntu.
118  Other / Beginners & Help / Re: Introduce yourself :) on: July 07, 2011, 08:44:08 PM
I hope I soon graduate from the kitty pool of the forum.
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