Yes, but the longer we wait, the harder it's going to become to gather overwhelming support. You think the average joe is going to care about this?
The average Joe will just see "There is a update available for your Bitcoin Wallet" and just install it. I would rather worry that this will make nefarious changes easier. The average Joe is not running a qt client. |
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bitstamp can be used by US person?
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Yes, within few weeks miners increased dramatically for the profitability of mining business.
How miners destroying coins:
With the help of coinchoose.com we know instantly which coin is profitable. So, maximum miners start mining that profitable coin. For huge hash rate within few days the difficulty increased and makes this coin less profitable. So, they switch to another coin and this coins goes inactive/dead for less/no confirmations.
Early adopters and pre-miners also decreasing the coins rate on exchange.
Solution:
1. We have to increase the marketplace of every coin.
2. We have to set the new difficulty formula.
3. We have to stop making scam coins.
If we fail every coins rate will be the equal of our mining cost. So, we need a good community to save these coins.
N.B. I have a new/unique business plan with this crypto currencies but I need investor to start this business. PM me if anyone interested.
Only a problem for non-PPC based coins. PPC based coins (ppc, nvc, btb) don't care about miner coming and leaving, due to difficulty retarget every block and also Proof of Stake blocks. |
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just chiming in - no div here either. i'm in that same transaction.
He never got it back from glbse? I thought glbse gave most people majority of their money back. |
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The bottleneck is bitcoind. I spent a bunch of time last night working on shifting requests away from bitcoind, that code is live now on litecoinglobal.com. If it holds up, I'll roll it out to btct.co soon. Eventually we'll shift everything but deposits/withdrawals out of bitcoind, but it will be a very slow process unfortunately.
Why don't you run bitcoind on a seperated server? It doesn't fix the problem but at least bitcoind won't slow down normal trading. Personally I don't care if I have to wait a few minutes for my withdrawal or deposit to show up but I hate it when I can't execute trades. The site is currently made up of 4 servers. Not going to go into detail regarding the layout, but bitcoind as of last week (when I posted about working on a server improvement) has been running on a dedicated SSD-backed server. It has a 140 MB wallet and still takes ages to process getBalance requests. My guess is that it's iterating through all of the thousands of transactions in the BerkeleyDB on every request or something because it performs very poorly. Cheers. Why not regularly shrink the wallet size? 140MB wallet is pretty outrageous. I don't think anyone else is running bitcoind with a wallet of that size. |
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+1 for Aysyr, easy to trade with
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Dear friedcat,
I do appreciate all your work but please answer the following:
Where are we hashing and at what rate atm? If solo, please explain what is going on.
How are the future deployment plans progressing? You promised a lot per week. What is going on, please?
How many Blades were sold? How many USB thingies were sold?
Why are your "updates" not answering questions everybody would like to be answered (no rocket science)?
You are running a billion company that a lot of people are trusting in (incl. myself).
Where are the financial statements you had promised??
At this scale you HAVE TO provide financial data or people will jump off.
I really do not understand how you think a two-liner is sufficient as a weekly update.
Also I do not understand how other shareholders shut up all the time, and do not ask for more.
I myself have a considerable amount invested in ASICMINER. If this attitude of ASICMINER continues, I will sell it all off.
vortex1878
Even public companies do not provide weekly updates, they give quarterly reports. |
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I think ASICMINER is the greatest Bitcoin investment at the moment, but I also think that the prices are too high right now to invest more than a couple of shares with some risk. About hedging, shareholders can do it on their own with other ASIC companies. I sold about 1/4 of my shares very high yesterday to hedge the risk and buy BASIC-MINING shares with the proceeds. They have an AVALON batch 2 pending delivery and another batch 3 order on the way so I think if you are looking of another mining security with a good potential, that is not overvalued right now, it is worth making it some % of your portofolio on btct.co. And there are others, too. Anyway, it's really nice to see that stock price above 2, and I will hold most of my shares for sure. I just wouldn't buy more at the current price. But I wouldn't call you silly if you did  Agree with hedging. To build on what you said, here is another one of many ways of hedging. That is to write covered calls at BTC-TC. A covered call will reduce your purchase cost, therefore reducing your capital at risk. Hedging partially. Another way of hedging is to figure out ASICminer stock beta, and purchase a security that has a beta value completely opposite of ASICminer share. Suppose ASICminer share has beta of 1 in relation to BTC/USD, then purchase a security of -1 will complete the hedging. Hedging is done when you achieve a beta neutral status or a net beta equals zero in regards to a basket of securities. With beta neutral, the only way *not* to profit is having a static market. A static market is no shares changed hands and no share price movement. Static market is impossible given BTC's volatility. "Diversification is a protection for ignorance, It makes very little sense for those who know what they're doing." - Warren Buffet You are hedging by selling shares in an immensely profitable company, that is light years ahead of its competition. For shares in a company that have no significant asic hardware yet, with a risk profile 10X higher than AM, and P/E 10 times lower than AM? |
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There is no need, use a mixer service to mix the BTC, then give out 5% to random people, then wait some time to spend the rest. So even if
there are investigators tracking the movement of BTC (probably a unfruitful endeavor after the btc are mixed), they will be led on a wild goose chase and will give up.
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I think this is the best one I've seen so far. |
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arbitriage will correct it, and if not, it's high for a reason.
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That's how it goes, they want to own all the competition.
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It's confirmed, but the recent shitstorm in Gox's direction probably just pushed it back a few notches of priority..
I think at this point, the probability of mtgox closing down is greater than it ever opens LTC trading |
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Everyone's been sent up until this post, I'm going on vacation for a week, temporarily locking this thread.
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50 bitbars for 15BTC
Currently on bter.com Price per BTB 0.4500000 BTB/BTC Amount BTB 50.00000 BTB Total 22.5 BTC So in essence, you would make $825 off of your coveted transaction. Interesting. He'll have to wait a long time to execute at that price, there's not even 1 full bitbar for sale at $0.45 atm. If he buy into the ask, he would take bitbar price to 1 BTC+ with 50 BTC 2013-05-16 04:23:49 Buy 0.449900 8.338723 3.7516 The keyword being "atm", so there's 3.75 BTC executed below 0.45, still a long way from getting 50 BTC executed at that price. |
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50 bitbars for 15BTC
Currently on bter.com Price per BTB 0.4500000 BTB/BTC Amount BTB 50.00000 BTB Total 22.5 BTC So in essence, you would make $825 off of your coveted transaction. Interesting. He'll have to wait a long time to execute at that price, there's not even 1 full bitbar for sale at $0.45 atm. If he buy into the ask, he would take bitbar price to 1 BTC+ with 50 BTC |
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Wait are they really called "Opencoin"? Is it meant to be ironic?
How can I mine some of these 'open' XRPs then?
You don't mine them, you can beg some from OpenCoin Inc when they are feeling generous. |
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LTC's fast confirmation time is a huge plus, a lot of people on this forum already prefer LTC for trading things.
Tell me again, why is the 2 min confirmation superior? Because for vast majority of trades, the most important thing is the first confirmation, once you have first confirmation, you can be very confident that this is transaction is good. It takes at least 10% of network power to have a small chance at double spending a 1 confirmation transaction, no one would do it for small trades. There are 1 hour blocks in Bitcoin nearly every single day, that means very often, a trade in Bitcoin would take over 1 hour to reach 1st confirmation. There's nearly no 1 hour blocks in Litecoin, for vast majority of trades, litecoin will reach 1st confirmation in a matter of 1-2 minutes. That's why it's superior. |
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