Just to clarify. Pirate said that he is not running a ponzi or investing into any ponzi scheme. I actually believe him.
I, however, think that he is lending BTC to those who do "invest" into ponzi schemes whether with Pirate's effective knowledge of it or without.
I've always wondered who (except a scammer) would borrow at such tremendously outrageous rates... (meta-note: molecular having conversation with Vladimir in heavily exclamation-marked Rally!!!!!-thread) |
|
|
|
- bitinstant and massive availability of "cash for btc" trade
- bit-pay massive growth, reportedly 200-300% per month
- bitcoin magazine
- GPU -> FPGA change of guard
- investments being rounded up for bitcoin mining ASIC's by multiply independent parties (meaning by the end of 2013-2014 51% could be out of reach of most viable attackers today and that we will be measuring hashing power in petahashes and exahashes)
- upcoming FIRST EVER bitcoin subsidy cut
- massive and mostly positive news flow
- many significant projects in development, including zipconf, kronos, hermes, ellet hardware wallet, that bitcoin card, proper hosting services suitable for hosting bitcoin wallets etc...
- improvement on the decentralisation front. For example, say, mtgox (or and other exchange or biz) folds now, it is only problem for their customers, the rest of the world will just move on. Deep bit is taking relatively small fraction of mining power as opposed to flirting with 51% level.
you forgot: - cool, rational old-time bitcoiner posting in "Speculation/Rally!!!!!"-thread
|
|
|
|
kronos.io will probably cool this down a bit when they launch it.
can you explain exactly why/how? |
|
|
|
IMHO it's the smartest thing you can do with any fiat currency this moment...
I totally agree! I just started stacking Bitcoins about 2 months ago after stacking silver and gold for a couple of years now. we need a better expression for that, "chaining bitcoins"? |
|
|
|
What are the specs and power consumption levels of that setup?
Not good  But I have cheap power so efficiency hasn't been my number one concern. All the cards plus the bitForce single on the left get me about 8GH/s. Electrical usage is about 3,680 watts and costs me .0479 USD. Some things I want to do to trim my power is flash and downclock the memory of my 4 6970s and also downclock/volt/whatever the CPUs. Not sure how much that will really save me though. reducing memclock goes a long way. |
|
|
|
“We’re getting requests from people literally saying, can we mail you euros [for bitcoins]? We can’t do that legally, but they keep asking.”
.... Smell's like marketing. I'm not complaining, but hey, let call it what it is. I can see value for bitcoin in contexts other than protecting your assets within the Eurozone, and I'm not discounting bitcoin as a lesser hedge, but let's not get ahead of ourselves here. yoya, all your posts cause cognitive dissonance with me. I know the guy in the photo is not you, but my brain is trying to associate the photo with what you write and that usually causes a conflict. YoYa is the lil green guy? didn't even think of that... I'll try that... thanks. |
|
|
|
“We’re getting requests from people literally saying, can we mail you euros [for bitcoins]? We can’t do that legally, but they keep asking.”
.... Smell's like marketing. I'm not complaining, but hey, let call it what it is. I can see value for bitcoin in contexts other than protecting your assets within the Eurozone, and I'm not discounting bitcoin as a lesser hedge, but let's not get ahead of ourselves here. yoya, all your posts cause cognitive dissonance with me. I know the guy in the photo is not you, but my brain is trying to associate the photo with what you write and that usually causes a conflict. |
|
|
|
I deeply hope bitcoin will kill the banks...
...severly shrink the governments |
|
|
|
probabilities are a tool to cope with lack of knowledge. In hindsight, only one possibility will have had a chance at all  . There has evidently been a past and there's probably a future.Such an optimist. let's enjoy the now for now |
|
|
|
runaway train..
up up and away? runaway train's tend to crash. unless the track never ends  make track go in circle? |
|
|
|
I would love to see a shorting function.
Shorting requires a lender, no? |
|
|
|
|
notme, lonelyminer: I'm extremely interested on how your conversation will play out. Please continue the discussion in this very polite, sane and open manner. Keep at it guys, your solving a huge problem!
|
|
|
|
you simply cant do that, circumstances are different your fucked ( and so am i ) and you know it i'm seeing three possible scenarios how it can play out in the near future: - slow steady growth - bubble v2 due to regained media attention - manipulation with huge walls - simple profit taking, rinse and repeat any of them have equal chances of happening, and i wouldn't dismiss third option based on past history probabilities are a tool to cope with lack of knowledge. In hindsight, only one possibility will have had a chance at all . There has evidently been a past and there's probably a future. |
|
|
|
glbse down!
Yes I brought it down, two bitcoin accounts have gone negative by a fairly small amount. I consider this to be quite serious so I'm investigating as to the cause and then a patch, I think that this is probably an edge case. Nefario. thanks for the info. seeing some cloud service telling me the page is "gone" got me worried there for a second |
|
|
|
I'm going to shove it right in my smarmy friends faces the next time they're all "How are your little Bitcoins?" I take so much pleasure in this... especially since I bought out most of my friends coins for under $5  haha. do you still have some of them left as friends or do they all hate you to the bone for suggesting to buy at $20 and then buy them back yourself at $4? |
|
|
|
Advocates of the Gold Standard should remember that there are disadvantages to that model as well and there were some sound reasons it was given up. (Such as artificially capping economic growth based solely on the supply of currency.)
That's a myth. Any amount of money can support any size economy. Prices will simply adjust (downwards, in a "non-bad" deflation). Detlev Schlichter describes this very well in his book "The paper money collapse" |
|
|
|
Macroeconomic is something pretty complex because the root scam of this system makes it unstable by nature and a lot is done trying to stabilize it in vain. The power of creating money out of thin air is not something we should have gave to a group of people staying in shadow and this is the worst error of mankind. If you now read on the matter (macroeconomic) with this new information in mind, you will surely understand a lot more than before.
BTW, don’t hesitate to show these videos to all your friend, family, coworker, etc. When all people will be aware of this hoax, then we will stop being screw up.
some people have trouble believing it or are reluctant for other reasons. |
|
|
|
This month's dividend payment was paid out but haven't had a chance to post the financial statistics till now.
Financial Statistics
Monthly revenue: 12.19448 btc
Dividend/share: 0.01219448 btc
Monthly ROI (at current share price - 0.7btc) - 1.74%
Monthly ROI (at IPO price) - 6.09724%
Total ROI (for IPO investors) - 69.31%
Profit is a little down this month, perhaps due to recent increases in the value of bitcoin or due to large volumes of bandwidth purchases last month that last longer than the dividend payment cycle. I have two suggestions.
1) A moderate decrease in the base cost of the service to 0.045 btc/GB
2) Changing the dividend payment cycle to 2 monthly instead of monthly
I'm all for it. Dividends every two month is good enough. Even quarterly, if you ask me. |
|
|
|
problem running: so I just installed https://github.com/downloads/etotheipi/BitcoinArmory/armory_0.77-python2.7-1_i386.deb onto a freshly installed ubuntu alternate 11.04. Installer said "package has bad quality", offered me to ignore and install anyway, which I did. It refuses to start ("python2.7 ArmoryQt.py") saying roughly (sorry, can't copy-paste, this is an "offline" machine): ERROR: C++ block utilities not available.
Make sure you have these 2 files:
CppBockUtils.py and
_CppBlockUtils.so
both the files are there (from where I try to start Armory) any ideas? EDIT: trying to run "python CppBlockUtils.py" reveals: ImportError: /usr/lib/i386-linux-gnu/libstdc++.so.6: version 'GLIBCXX_3.4.15' not found (required by ./_CppBlockUtils.so)
|
|
|
|
|
Show Posts
