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1141  Economy / Speculation / Re: Is there evidence that there is a correlation between difficulty and price? on: October 18, 2012, 10:52:53 AM
Also, as the difficulty goes up - miners make less - resulting in longer periods between selling. This can (and imo does) affect price. If you're close to the edge on your profitability you don't sell below a certain rate.
No, miners still make the same in total.  And because the combined daily volume at the exchanges is several orders of magnitude higher than the daily volume of mined coins, I doubt mining has any noticeable effect on the price right now.  Half of the coins which will ever exist have been mined already, and many miners choose to keep their coins.
1142  Bitcoin / Bitcoin Discussion / Re: Writing analysis on Satoshi Nakamoto. on: October 16, 2012, 09:08:50 PM
How can we get a writing analysis done on all of Satoshi's written works to see if there is consistency among them?
Writing analysis is remarkably easy to cheat.  The easiest way is to impersonate someone else's writing style.  E.g. some author or journalist.
1143  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin is illegal on: October 15, 2012, 08:55:51 PM
I tried to sell some products for bitcoins and guess what, nobody buys! This may be due to the prices which are a little bit higher than the price in dollars,
May?  Don't forget that most people who are interested in Bitcoin at this time probably knows a little bit about economics as well.  Smiley

When you get real hard irreversible cash like Bitcoin, you should take a lower price.
1144  Economy / Service Announcements / Re: Giving Away a FREE 840Mh/s ModMiner Quad FPGA Miner Every Week in October! on: October 15, 2012, 11:53:58 AM
I'm in again  Grin

> 4) You must post at least one post every day - somewhere on the forum during the contest period
This can be time zone dependent.
I hope you are a bit flexible on this point.  I don't have time to post something people would want to read on the forum every day by the clock.  Other days I'm quite active.  I would start getting ignores if I posted crap every day just to participate.  Last round I missed one day.  Most other days I had 3-5 postings.

Does posting in thsi thread count, btw?  Grin
1145  Economy / Service Announcements / Re: Giving Away a FREE 840Mh/s ModMiner Quad FPGA Miner Every Week in October! on: October 15, 2012, 09:06:41 AM
You can stop joining now everyone!  I'm going to win this week.  Grin
1146  Economy / Speculation / Re: Is there evidence that there is a correlation between difficulty and price? on: October 13, 2012, 10:14:51 PM
And if so why do you think that is? What causes demand to go up? Supply stays more or less consistent from mining until the reward is halved. So I'm a little unclear on this.
When price is high compared to difficulty, miners invest in more equipment and difficulty goes up.  When price is low and difficulty high, mining becomes unprofitable for many miners.  They stop mining to save electricity, and difficulty goes down.
1147  Other / Off-topic / Re: BFL Releases Renderings of New BFL Single WaterBlock and Heat Sink on: October 13, 2012, 11:11:51 AM
Water block!  That's great!  Perhaps I should buy one after all for my central heating system!

Anyone know what water temperature it will tolerate while still working full speed?  Or chip temperature?
1148  Bitcoin / Hardware / Re: High Efficiency FPGA & ASIC Bitcoin Mining Devices https://BTCFPGA.com on: October 12, 2012, 12:55:18 PM
After reward halving, there is only 3600 BTC per day
What limits the number of coins mined per day?
The protocol defines the difficulty to be exactly what it needs to be so one block is mined every 10 minutes.
But that's on average... It could be more, it could be less. 

I get the point, its decent math for averages.  But my point is there is no hard limit per day.
It's a pointless point to make.  A few blocks more or less in one day doesn't matter.  The protocol still adjusts difficulty automatically to make sure one block is generated every 10 minutes by average.  Can you explain why you make that point?
1149  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin is illegal on: October 10, 2012, 06:33:58 PM
Put yourself in the shoes of someone who doesn't already hold coins (99.99999999% of the population.) Do you still think making a Bitcoin payment is easier?
False.  I hold bitcoins, and I am more than 0.00000001% of the world population.

Edit: I just realized I have sold or given away bitcoins to 0.005% of the population of my own country, and that is probably just a small part of the coin holding population of my country.
Let me ask you a question. If someone says "Can you wait a second?" do you look at your watch and wait for one second to elapse?
No, but I certainly don't expect to wait for a whole week.  IMHO a long series of made up 9s expresses the same as the same number of exclamation marks.  Your argument doesn't get better by yelling it, but people would take it more seriously if you wrote it like this instead:
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Put yourself in the shoes of someone who doesn't already hold coins. Do you still think making a Bitcoin payment is easier?!!!!!!!!!!
Or you could make it look even better, and make people notice your point, like this:
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Put yourself in the shoes of someone who doesn't already hold coins. Do you still think making a Bitcoin payment is easier?
If you read this thread closely, I answered that.  It's a feature.  People who don't have money can't pretend to pay.  That is very important if you sell things, and the main reason why many stores are reluctant to take credit cards.

I tried to buy stuff in the U.S. and have it mailed to a friend there to avoid VAT.  (Sending it via my home address would mean 25% VAT and much higher shipping costs.)  It turned out to be impossible, because no store would send to another address than the one registered with my cards.  I wish I could pay with bitcoins then.  It takes maximum one business day to buy coins if you don't have any, unless you live in some third world country.
1150  Local / Skandinavisk / Re: Hvor selger dere Bitcoins? on: October 10, 2012, 06:11:00 PM
sturle; mye er du intresert i å kjøpe? har 75 btc atm som jeg vurderer å selge Smiley
Ja, eg kjøper gjerne!  Kan du kontakte meg på IRC for å avtale detaljar?  sturles på Freenode.  Om du ikkje har ein IRC-klient (Opera har ein innebygd), kan du prøve web-klienten til freenode.net og taste /query sturles for å opne ei samtale med meg.
1151  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin is illegal on: October 10, 2012, 12:40:23 PM
Put yourself in the shoes of someone who doesn't already hold coins (99.99999999% of the population.) Do you still think making a Bitcoin payment is easier?
False.  I hold bitcoins, and I am more than 0.00000001% of the world population.

Edit: I just realized I have sold or given away bitcoins to 0.005% of the population of my own country, and that is probably just a small part of the coin holding population of my country.
1152  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin is illegal on: October 10, 2012, 12:36:55 PM
Credit cards are just the easiest and safest way to buy things. You know it and I know it, so don't be ridiculous.
I would have to disagree about that. Bitcoin is way easier than a credit card.
In what way? I can understand that it is equally easy to make a credit card payment as it is to make a Bitcoin payment if you already own coins, but if you don't hold any coins then it is a much more convoluted procedure.
While paying with a credit card is easy, even if you don't own money or the credit card.  And that sums up the main problems with credit cards.  Paying with Bitcoin is impossible if you don't own any bitcoins, or can buy them from someone willing to take the risk off the merchant, and that is exactly how it should be.  It is a feature.  If you don't understand that, you have missed something very important.
1153  Bitcoin / Mining / Re: Re-purposing of FPGA boards made for mining on: October 09, 2012, 11:36:49 AM
are wpa cracking firmwares allowed to be released publicly?  Or are there laws against it?
In Germany you are not allowed to have software for cracking WPA keys.  I don't know of any other countries where it is forbidden, but IANAL.  Pyrit (WPA gracking software for GPUs) is hosted on Google code.
1154  Local / Skandinavisk / Re: Hvor selger dere Bitcoins? on: October 09, 2012, 11:28:42 AM
Godt å høre, Grix. Er det lov å spørre hvordan dere gjør byttet, er det ren tillit som gjelder på otc?
På OTC er det tillit som gjeld, ja.  Det er mogeleg å bruke eskorte dersom ein ikkje lit på motparten, eller dele risiko ved at ein gjer overføringane i fleire omgangar.
1155  Local / Skandinavisk / Re: Hvor selger dere Bitcoins? on: October 09, 2012, 11:25:59 AM
sturle: Fikk du noe svar fra skattemyndighetene om hva de mener bitcoin er?
Nei, dei har ikkje svart.  Det går ikkje spesielt fort i det norske byråkratiet.  Dei treng tid til å absorbere alle dei nye spesialrådgjevarne som har komme til dei siste åra, utvide lokala sine, osv.  Kan ikkje vente at dei skal arbeide i tillegg!
1156  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin is illegal on: October 09, 2012, 11:17:01 AM
Let me put it in a more simple way. Let's say I don't currently hold any Bitcoins. I want to buy a product or service. What am I going to do? If I am paying for it online, I would use my Visa card. I punch in the numbers on the website, and I am done. If the product does not arrive then I can put in a dispute to Visa and get my money back. I think it's a good system.
For you, not for the merchant who don't get his money because you took the product and filed a dispute with VISA.  Actually it is not good for you either, because VISA's merchant fees of 3% or more is added to the price tag, and the losses due to fraud.  PayPal is even worse.
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Now, why the fuck would I, instead of going through that simple process, go through the hassle of buying Bitcoin, try to find a merchant who accepts Bitcoin for the product I want, pay him, and then have no recourse either through a payment processor or the police if something goes wrong? Why the utter fuck would anyone do that? It's so utterly bizarre that anyone thinks they would...unless of course it is a product that isn't available through the usual (legal) channels.
If the item is offered for sale in bitcoins, and you own bitcoins, it is the simplest way to pay.  It is like paying with cash on the net.  The police and other agencies are already investigating a number of Bitcoin related crimes.  I agree we need to work out a legal status for Bitcoin, so they can aid more and the tax status is clarified.

There are plenty of legal things you may not want on your credit card bill, btw.  I'm sure you can think of a few for yourself.
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Also, as to your second point, I was actually on the internet in 1995. It was a million times more useful than Bitcoin is now. It had so many uses, even back then, that the comparison is actually hilarious.
Say 1992 then.  Before the WWW.  The number of internet users then is probably comparable to the number of Bitcoin users now.  Basic services like E-mail, Usenet, IRC, games (MUD), gopher and FTP were in place.  Typical transfer rates were rather low.  Or internet banking in 1995.
1157  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin is illegal on: October 09, 2012, 10:49:45 AM
the average joe
The average joe, if they've ever heard of Bitcoin, have no idea what it is or how to use it.
The average joe don't buy drugs on SR either.  The number of computer geeks in the world outnumber the number of SR users many times, and how many computer illiterates know about SR at all?
1158  Other / Politics & Society / Re: Why are people scared of taxes? on: October 08, 2012, 06:54:06 PM
If the poor have no security net they will save as much as possible of their income for a rainy day.
Yes, the poor should feel free to waste their money on alcohol, lottery tickets, drugs and other consumable crud because everyone else will pick up the tab later.
No, they have to pay for that themselves.  (Alcohol is a good candidate for extra taxation, and drugs which are bad for them should be illegal, but that is another story.)  And that is the point.  If they are able to pay for that stuff, the whole economy benefits.  If only the rich are able to buy chocolate, you don't need many chocolate factories.  The rich people aren't going to eat more chocolate when they become richer.  The solution is to enable the poor to consume more.  This makes the economy grow and everyone's wealth increases.
1159  Other / Politics & Society / Re: Why are people scared of taxes? on: October 08, 2012, 05:55:50 PM
Taxes are useful instruments to foster economic growth.

If the poor have no security net they will save as much as possible of their income for a rainy day.  By taxing the rich and establishing a security for the poor, the poor will spend more of their money on luxuries like chocolate, TVs and cars.  This is positive for the producers of chocolate, TVs cars.  Those are usually rich, but who cares.  Their market grows, and they can expand, employ more people, etc.  Everyone benefits.

If you take away the taxes, and the security net for the lowest workers and unemployed, they will spend less money on everything.  They may need to pay for insurances and similar instead, can not afford to develop their talents, and the economy as a whole will suffer.

Taxes can be overdone, of course, but some taxation is necessary for a sound economy.
1160  Economy / Service Announcements / Re: Giving Away a FREE 840Mh/s ModMiner Quad FPGA Miner Every Week in October! on: October 08, 2012, 05:19:41 PM
Same rules as week one but to register you must post in this thread again after this post.
Registration is from now until Midnight on 10/08 EST
Woha!  Lucky I saw this, I didn't know I had to register every week.
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