"You're destroying bitcoin by making it functional because you used the evil banking system! Ron Paul 2012!!!~"

No problem.  Once the parts for a mining rig were ordered, the company was then tied to the value of something.  When the BTC price dropped, it would have allowed new investors to buy shares of the company at a much lower cost (in dollar terms) than the company was actually worth.  For that reason, I decided that it was no longer in my shareholder's best interests to be selling shares for 0.1BTC/share.  The sell orders you see on the GLBSE now are not being sold by the company.  I'd urge investors to take advantage of this opportunity and buy cheap shares while they can.  Doing the math on the assets the company now holds, it is my opinion that MergedMining shares should be trading around 0.15BTC/share based on the value of the equipment alone.  Fair value if you think we will be profitable is now probably closer to around 0.17BTC/share.  But that is just my opinion.

I updated this information last night.  I sold off all the BTC and deducted the amount of funds needed to pay bou707.  The NMC are in the process of being sold off and are not accounted for in the current totals.  I will have something better in place once the miner is operational. 

Yesterday we received a majority of the parts needed to get the first miner running.  The remaining parts should arrive Friday/Saturday.  I'm hoping to be mining away by Saturday morning.

I plan to use multiple pools due to all the DDOS attacks happening lately.  I think using 1 pool would invite problems.

I'm planning to use Win7 to begin with.  I may switch to Ubuntu at some point if I feel that the operation would benefit from it.

I call your sign and raise you a banner,



My friend Jaromil was at Occupy Amsterdam with that

https://bitcointalk.org/index.php?topic=46366

I'll try to keep up.



Can you ask this again on that thread? And you'll need to clarify what you mean by "system"-- merchant side, processor side, ...?

I don't know who is in charge of keeping standards and such, but the QR code for BTC addresses, which can include the amount to be paid, should also include a section for suggested fee. This should then also be added to the BTC android clients and POS systems. Currently, when someone pays for stuff at a POS location, they can scan the code to get an address and the amount, but can select the fee themselves, and if it's 0BTC, it may take a very long time for the transaction to clear. If the QR code includes a fee, using a compatible phone app, on scan, the price could be something like 1.995BTC with 0.005BTC fee, for a total of 2BTC, and the seller can be more sure that the transaction will go through. This isn't mandatory, or course, but would help to make the system much simper for end users, and will give sellers more control over how quickly they want their transactions to clear.

  This, but I would highly suggest contacting the local 'City Council'(not sure what they call em over the pond there), just to see what local regulations are there on physical advertisements spread around. If you can actually speak with someone that seems ok with it make sure you present them a clear plan to distribute and then a follow up, clean up plan to remove any unreceived materials. Atleast thats how it would work here where I am.

  Cheers

Around 50k people.

Big enough to have some sort of local media, small enough for people to pay attention if there are some things lying around. Also everybody would get one on average. 

I was referring to what I am planning in Korea and what MtGox is planning in Japan.


That's not for this thread. This thread is casacius asking for comments and getting them.

Even if we go with magstrip in Korea, the three data channels are more than enough to hold account numbers for any exchange (if that's the way we want to go). I don't think anyone should we wasting their time on physical devices when actual experts have already created them.

Our style:

You must always trust someone to some level.  Its all about risk.  Only trust them with as much risk as you are willing to take.

No one who isn't a true believer uses Bitcoin. 

It might be interesting to just leave them lying around somewhere and see the reactions of people that find them.

I suspect since the cost was zero, any that were found would not be valued much.  Being that these can be redeemed at Mt. Gox, the technical among them or those already familiar with Bitcoin would find that they could offer cash below the exchange value and either make online purchases from a merchant (by arranging to send the physical bitcoins in bulk even, hoard then or profit by exchanging these at an exchange even.

Most of the coins, however, would likely be lost as these are about the size of a quarter and a small city has lots of roofs, street gutters, gardens, etc.

Because they all won't be discovered at once and plenty of willing buyers remain so the value of these as money among the residents would likely soon match that found on the exchanges.  Some will start using the coins to settle small payment amounts -- for example, used as payment to a friend who bought the beers or to give as a tip at a restaurant, for example.  A few merchants might start accepting them -- maybe even gaining an advantage by being the first and putting on some promotion that brings new customers through the door.

Whether or not this approach would cause a tipping point to be reached where the coins become a currency who knows.  It would be neat to see such an experiment play out.

we'll be there bitcoin Prague, reserve shares in our film of the event: goo.gl/iey68

I'll be speaking at bitcoin conference in Prague November making the case why #occupy protests need to embrace global pirate parties