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1141  Economy / Marketplace / Re: Natural Organic Healing Combination Remedies on: May 07, 2011, 09:06:47 AM
Sorry to piss on your parade, but
Quote
Two systematic reviews of clinical trials of Bach flower remedies found no efficacy beyond a placebo.

/via Wikipedia
Never tried them, but I had a partner who swore by them. It wouldn't surprise me if they were no better than a placebo, but placebos are themselves effective - I'd need to dig out the cite but there was a trial where participants who were told they were receiving a placebo still did better than the control sample. (Personally I'd rather make my own sugar pills, but that's just me...!)
1142  Economy / Marketplace / Re: Natural Organic Healing Combination Remedies on: May 07, 2011, 09:04:19 AM
hmm .. ya I think your right ... I'm toast with this ... never mind
Well, depends what they cost in the US. I'd still recommend considering bulk importing - I bet a bitcoin entrepreneur selling online could do this better/cheaper than a USD retailer with bricks-and-mortar costs...
1143  Economy / Economics / Re: Price vs Difficulty Charts - indicators for buying or mining on: May 07, 2011, 09:01:19 AM
Quote
The period of mid-February through March, when difficulty increased and prices corrected, was a period when the price lept forward and difficulty had to catch up.  When difficulty crossed over, it confirmed the strength of the previous rise above the $1 parity and we had another rally shooting past $1, continuing beyond $3 and touching above $4.  So we are again at the period of the end of a rally, where price is leading above the difficulty and the price is waiting for the difficulty to catch up.  When it does, its a confirmation of the strength of the rise, and after which price will rally again, leading the next increase in difficulty, ad infinitum.

so what your saying that prices can never drop?
I'm not sure that that's exactly what bitcoinBull is saying, no. From mid-February to start-April prices actually fell back from a peak of 1.100 USD to a low of 0.561 BTC. That's the main reason I'm cautious about investing in mining.
1144  Economy / Marketplace / Re: Natural Organic Healing Combination Remedies on: May 07, 2011, 08:55:32 AM


These are small bottles of natural herbal combinations of Bach Flower Essences to reduce or eliminate an assortment of dis-orders.  Generally you place a drop under your tongue and it help deal with your imbalance.
I don't know what these cost in the US, but 15 BTC seems quite high - that's over £30 at current exchange rates, and Bach remedies cost from £3 in the UK. You might find it profitable to bulk import from the UK - you might be able to undercut mainstream (USD) US suppliers (which would be good for you, and good for bitcoin...)
1145  Economy / Marketplace / Re: Mining investment: 30 BTC = 100Mh/s * 1 year = ~360BTC current rate, ~90BTC@25% on: May 07, 2011, 08:50:04 AM
I appreciate you've possibly found a buyer for all 10 slots, however I'm registering my interest anyway :-) I'd be looking at between 1 and 3 slots @ 30 BTC (i.e. I'd pay you 30 - 90 BTC).

You could maybe consider getting a beefier machine, and selling 20 slots? Might be more cost effective than buying a second, identically-specced, machine. And it might suit your needs better? Anyway, consider my interest registered!
1146  Economy / Speculation / Re: Bitcoin Technical Analysis on: May 05, 2011, 01:51:31 PM
Anyone else wondering when we're gonna break out of this trading range?  To the upside? Downside?  I'd like to see a pullback to at least 2.5 . . .
My guess - and I stress that this is purely a guess, with no analysis put into it at all - is that it'll be to the downside, but not by much.

My thinking is that we'll see something similar to what happened after the last meteoric rise (to $1.10!) back in January - there'll be a slow, gradual decline over several weeks, while we all adjust to the new price and difficulty climate, then price will start to climb again.

The basis for this theory is (a) magic - it's happened once, it's bound to happen again, right? Right?! (b) luck - I'd really like price to keep climbing. I'm holding BTC and no USD right now. Generally when I'm in this position price falls or stagnates for protracted periods... :-)
1147  Other / Meta / Re: Should we ban X on Y - the meta discussion on: May 04, 2011, 10:22:23 PM
Perhaps this thread should be moved to the new meta board?
Agreed - done!

1148  Bitcoin / Bitcoin Discussion / Re: Anyone know what happened to knightmb and his 371,000 BTC? on: May 03, 2011, 12:59:32 PM
ok, i get it.  takes me alittle while sometimes.  basically he was stating the same thing i was about storing your btc in the block chain in the network except he is saying you can send ALL of them up there and use a different wallet.  and theoretically you can wait an infinite time if btc survives.  have any of you had the  balls to save your btc this way?
With 999,999 BTC? Not just "no", but "heck, no"! I've not actually tried it with toy money, either, though I've always assumed it's (a) possible, and (b) very cool ;-) Might give it a go later - but with 0.00999999 BTC, not 999,999 BTC...
1149  Bitcoin / Bitcoin Discussion / Re: Anyone know what happened to knightmb and his 371,000 BTC? on: May 03, 2011, 09:27:19 AM
this strategy intrigues me the most.  what you're basically saying is that if i have a million btc in my wallet today i could send 999,999 of them to one of my receiving addresses right now but before i receive them i can close the btc client, disconnect my computer from the internet, back up my wallet.dat and encrypt it, go and stick multiple copies of it everywhere,but the bottom line is that all 999,999 btc will be stored in the block chain out on the network ready and waiting for me to download them to my wallet.dat when i want to recover them in 10 yrs or so.  is that about right?  yes or no answers please.

Yep.

Get 1M coins.
Get another computer.
Load Bitcoin on it. Do not connect to internet. Do not download blocks.
Write down an address from this wallet.
Encrypt wallet. Delete original.
Send coins to the address.
Wait.....
Unencrypt. Spend.

are you saying this is a way to double spend?
Nope, they're saying that a wallet doesn't need to be online to send bitcoins to it :-)
1150  Bitcoin / Bitcoin Discussion / Re: Consequences of exponential price growth. on: May 02, 2011, 10:21:13 PM
I don't understand where people are coming up with their calculations on this, where you actually NEED to calculate it out for a year or better.

I bought 3 5850's.  At current market rates, and assuming MH/s of 300 for each one, they'll pay for themselves in about 17 days.  This is, of course, not taking in to account difficulty increases, but even with the upcoming estimated difficulty increases, it'll still take less than a month for me to get my money back on them.

Just about the lowest risk investment I've ever made in my life.  As long as I get enough BTC to pay for a restocking fee (15%), (which will take all of 2.5 days of mining), I am afterward making a profit.

That is the thing, it is such a good deal that many, many more potential block miners are piling on. Right now it might seem that your 3x5850 rig will pay for itself in 17 days... If you are in in it long term though you do need to think about where you will be in a year or more, including increases in Difficulty. Which is what I have been trying to do.

By all means, mine away. I am not out to discourage mining. But if you intend to make a go of it long term there are many costs which reveal themselves that may have been hidden by stored value, or subsidy for a one-off. Plugging a rig into an outlet in the garage is one thing, but plugging 100 in might take a bit more investment than anticipated... Unless you anticipated it.
The issue for me is "at current market rates". Back in mid February mining seemed like a great investment, and then we entered a six-week period of declining rates, with some eye-watering difficulty increases.

Like Chodpaba, I'm also not discouraging mining. I've done well out of it - I paid off my investment fairly quickly, and I'm into profit. Just be aware that you need to factor "below current market rates" into your calculations. If the price holds, you're profitable sooner than you feared. If the price falls, you should still be within your budget.
1151  Bitcoin / Development & Technical Discussion / Re: Do miners make use of all the memory in graphics card say 4gb? on: May 02, 2011, 09:38:42 PM
No, it doesn't matter, mining uses no GPU memory. Go for the fastest card, not the one with the most memory.

That sounds like minors are inefficient then but i could be wrong. Why would manufactures add more memory if its not going to good use? My only thought is that its really for videogames to save non-visible data, like what's behind the player or texture memory or somthing but if thats the case it still sounds like minors can put this to some more efficient use no?
Well, you could argue that miners are efficient in their use of memory :-) Miners simply don't need much memory. You're quite right as to why manufactures provide the memory - the primary market for GPUs is for video, not OpenCL work. (While posting this, Luke-Jr posted about using the memory for swap, if that's possible - and I suspect it's not trivial - it would be very cool).
1152  Economy / Trading Discussion / Re: MTGox vs mysterious Russia on: May 02, 2011, 09:32:44 PM
check out Ubitex, Cuddlefish's project


Hmm, interesting. Not quite the same though: there's nothing to suggest it's decentralised at the server level, so in that respect it sounds quite similar to bitcoin-otc except that trades take place locally. At the moment with bitcoin-otc I can trade with anyone who can access a UK bank account.

My concern isn't about availability of OTC trades, it's more about the centralised nature of bitcoin-otc.

Edit: Thread on Ubitex.

no, they are going to move the exchange to Tor/I2P
Ah, got it - that'll teach me just to read the first post :-) I'll check it out fully tomorrow (obviously should have done today...) but a quick summary or URL to the relevant message would help - is the "same location" thing set in stone, or will trades with remote parties be possible? I quite like remote, bank-to-bank trading. I somehow suspect there are very few bitcoiners in my town, based on the bitcoin map and local attitudes...
1153  Other / Meta / Re: Should we ban X on Y - the meta discussion on: May 02, 2011, 09:16:11 PM
Or, alternatively, a new wiki be set up here, and the content ported over - with attribution.

The reverse happened. There was an official wiki, but it was ported over to the unofficial wiki with attribution. It was decided that decentralization of the community is a good thing.
Ah, that's interesting. I'm OK with the wiki staying where it is, it's less of an issue I think than...

Nothing is really official. Maybe some people view weusecoins.com as the "official" Bitcoin page. If you don't like existing policies, start a competing site.
But rightly or wrongly, bitcoin.org is seen as the official site at the moment. I think weusecoins.com has potential to be seen like this, and they seem to be mindful of that, and keen to avoid controversial topics (I think, based on discussions about video content for example). If bitcoin.org isn't "official" (and it's difficult to see how it could be, now I think about it and knowing a bit more about its history and who's involved) it's probably worth making that clear - it plays well to bitcoin's decentralised nature, as well - "the community, like bitcoin itself, is decentralised - this is but one site, there's also [insert useful list here]".

I'm fine with existing policies - I mentioned in my original post that I'm very definitely in the "no banning topics, except to keep the site admins safe"-camp. My concern is the folk here who don't agree with that - and the numerous threads debating what should and should not be allowed on this forum as a result. Shifting the forum elsewhere serves two purposes - it makes debate on the forum more free, and - and thanks for pointing this out ;-) - it serves to decentralise the community.
1154  Bitcoin / Bitcoin Discussion / Re: Should bitcoin wiki allow links to christian religious services? on: May 02, 2011, 04:37:07 PM
I've started a "meta" discussion on banning X at Y.
1155  Bitcoin / Bitcoin Discussion / Re: Should pr0n be listed at bitcoin.it? on: May 02, 2011, 04:36:59 PM
I've started a "meta" discussion on banning X at Y.
1156  Bitcoin / Bitcoin Discussion / Re: Should drugs be listed at bitcoin.it? on: May 02, 2011, 04:36:50 PM
I've started a "meta" discussion on banning X at Y.
1157  Other / Meta / Should we ban X on Y - the meta discussion on: May 02, 2011, 04:32:27 PM
tl;dr: Make the bitcoin wiki official; make this forum unofficial.

This is prompted by three recent threads...
...and also my ongoing confusion as to why we have an official forum and an unofficial wiki.

Before going further, I'll set out my stall: I'm very much in the "ban nothing" camp, tempered slightly by the "don't do harm to forum administrators" camp. However, I'm also mindful that not every bitcoin user shares my views, and that we want - presumably - to build up bitcoin's userbase. This latter point means that public relations needs to be a consideration.

I mentioned my confusion as to why the wiki is unofficial. This is, I realise, an accident of history. The wiki was set up by some kind soul at bitcoin.it, it's utility was recognised, and it became - effectively - semi-official. All well and good, and the person or people who set up the wiki should be applauded. However, the wiki is such a key part of bitcoin education, and, by and large, so uncontroversial, that I believe it should be brought under the umbrella of the official site. Or, alternatively, a new wiki be set up here, and the content ported over - with attribution.

What does this have to do with drugs, porn and Christian religious services?

I believe that the official site should focus on bitcoin itself, not the views of thousands of forum posters, and not the controversies posts sometimes stir up. I think it's reasonable, from a PR perspective, for the official site to discuss some of the things bitcoins can be used to purchase. I also think it's reasonable to acknowledge that - like cash - bitcoins can be used for things many people might disapprove of. I'm not convinced, anymore, that granting some sort of official status to those things is helpful. For that matter, promoting the purchase of anything might be seen as favouring one supplier - i.e. as biased.

My proposal as regards the forum is that it be moved from the official site, but linked from the main site in the same way that the wiki is now. The forum would, presumably, still be governed by some jurisdiction, so allowing discussion on certain topics would remain problematic, but the argument that it's bad PR for bitcoin would no longer apply. We would, in some ways, be more free than we are now.

Thoughts? Am I right? What have I missed out? Is this feasible from a technical standpoint? Should I find more productive ways to spend a bank holiday? :-)
1158  Bitcoin / Mining / Re: 10 - 15k in mining equipment on: May 02, 2011, 02:47:57 PM
Wow!  Thanks for the great info everyone!

Does anyone know if this motherboard:

Quote
Motherboard: MSI 790FX GD70, but any 4xPCI-E AMD that allows 4 dual-slot GPUs to fit works - $185
Some alternatives are the newer MSI 890FX GD70 (more expensive, easier to find) and the much older MSI K9A2 Platinum. (very hard to find)

would be capable of supporting 4x 6990's down the road should I want to upgrade?

Thanks!

Yes it should, and that's the route I'm going as well. However, you're going to need some kind of custom case setup for 4x 6990's in one system due to the power requirements.
Or no case at all. Mrb has blogged about 4 5970s on one board, with some "interesting" cooling... I assume that anything a 5970 (or four) can do, a 6990 can do as well.
1159  Other / Obsolete (selling) / Re: Joindiaspora invites offered for 2BTC on: May 02, 2011, 02:17:30 PM
I've got some joindiaspora invites. (the "official" diaspora hub which is invite-only for now)
Each one for 2BTC. Let me know if you want one.
Diaspora is decentralised, and consists of multiple "pods" - joindiaspora being one of them. Other pods don't require invites, and users can friend users on other pods. I'll need to dig out the link, but from memory if you go to joindiaspora, follow the link to their GitHub page, then go to the wiki, there's a link to all known pods.

I did this the other day to check out Diaspora, and registered with a different pod just fine. I've got friends on joindiaspora, and I could find them and friend them just fine.

Edit: list of Diaspora pods. I think I used this one (it was a throw-away account for testing). It's in German, but my browser automagically translates for me and sign up was easy.
1160  Economy / Trading Discussion / Re: MTGox vs mysterious Russia on: May 02, 2011, 02:08:09 PM
I think to an extent it's our own fault - we treat MtGox as the primary exchange for *all* currencies, though it only handles USD. During the recent rally we were calling GBP parity based on the GBP/USD rate and the MtGox USD rate: we were ignoring the GBP exchanges.

I'm tempted to mention bitcoin-otc, but that, of course is (a) an over-the-counter system, not an exchange, and (b) is also somewhat centralised (one website, one IRC server - correct me if I'm wrong). Could bitcoin-otc, or something similar, function on Diaspora? My thinking is, and I've used Diaspora for all of 30 seconds, is that we sign up to various decentralised Diaspora pods (multiple pods mean that the system can't be taken down simply by taking down one pod/server in one jurisdiction) and then create an "aspect" for trading bitcoins, and friend (I think Diaspora calls it "sharing") other bitcoin traders.

This doesn't solve the decentralised exchange issue, but does create a decentralised platform for bitcoin trading.

...or am I just providing a solution to a problem that doesn't yet exist?

check out Ubitex, Cuddlefish's project
Hmm, interesting. Not quite the same though: there's nothing to suggest it's decentralised at the server level, so in that respect it sounds quite similar to bitcoin-otc except that trades take place locally. At the moment with bitcoin-otc I can trade with anyone who can access a UK bank account.

My concern isn't about availability of OTC trades, it's more about the centralised nature of bitcoin-otc.

Edit: Thread on Ubitex.
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