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News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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11661  Bitcoin / Mining speculation / Re: Is mining contract with Cryptsy worth investing in? on: April 11, 2014, 02:40:57 AM
Looks like you can just put it into a calc and see yourself

10 contracts at 0.0185 each is 0.185 btc
That gives 10gh
Pays 0.0008 btc each day to you

So thats 231 days to break even at current difficulty.   Or $7.40 to earn $0.033 daily per contract  I think it is
11662  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 11, 2014, 12:37:27 AM
^^ 3D printer is more fitting I think


Cant get the bc wallet to update, been taking all day.  Is there more nodes I can add to it ?
11663  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 10, 2014, 05:10:05 PM
Yes I sent them an email to say so and I would use their site etc   I reposted that elsewhere also.
  Im just confirming for the thread they are straightforward to use
11664  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 10, 2014, 05:04:26 PM
I used the bitty site.   Took 5 mins to register and they sent coins 9 mins after I transferred cash so pretty speedy

[coins received ]
11665  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 09, 2014, 02:18:35 AM
Interesting discussion here mentions pos
http://www.reddit.com/r/Bitcoin/comments/22aw8c/most_altcoins_are_not_secure_enough_they_exist/


Quote
t means if BTC stops printing more BTC for miners, BTC will die and cannot live solely on transaction fees? Than what's the difference between BTC and the Fed?
permalink
[–]killerstorm 4 points 2 days ago
it means if BTC stops printing more BTC for miners, BTC will die and cannot live solely on transaction fees?
It can live solely on transaction fees if sum of transaction fees is large enough.
E.g. 250000 transactions in each block, each one paying 0.0001 BTC would be sufficient. Or 25000 paying 0.001 BTC each.
There is another option: change consensus rules to make it more secure.
11666  Economy / Service Discussion / Re: (NSFW) From the lovely girls of ClassyCams we have a treat for you! on: April 09, 2014, 01:34:24 AM
Surely actually speaking to a woman is a step up from watching a film and making out with your own palm  Grin

2) To announce that we even added higher price points than our other billing methods because there's no fraud or chargebacks with Bitcoins (so why the hell not, right?).

3) We have a 20% Bitcoin deposit bonus special going on now: http://www.camwithher.com/blog/2014/03/14/webcam-bitcoin-bonus-special/

That is an excellent point, btc is actually useful for this.  They dont want to put on a 'show' and then find they didnt even get paid, I understand some earn their way with this so its great if btc is superior to fiat and I hope you get more business

Lol paying $1.99 to watch a girl. This is 2013 for gods sake.
Correction, free to watch a girl.  $1.99 to get a show.  There's a difference.
Thats a good hook, Im fairly sure this is not a small industry right?
   Just from a numbers view, how much money is in cam shows globally.   It must be over 10bn pa  so imagine btc got a real good cut of that global 'trade' it would be very much positive for the network
11667  Bitcoin / Bitcoin Discussion / the power of statistics to depreciate on: April 09, 2014, 01:18:55 AM
Since something like 90% of Americans have never heard of bitcoin this statistic can not be true.

Well people fear what they do not recognise so on that basis it could be argued as true.   But yea I tend to agree, this is far closer to the truth: 47% of USA has no idea what bitcoin is


If you arent convinced this is complete balony then watch how 47% would also ban use of water: http://www.youtube.com/watch?v=yi3erdgVVTw

11668  Bitcoin / Bitcoin Discussion / Re: Bitcoin Core (Bitcoin-Qt) 0.9.1 released - update required on: April 09, 2014, 12:54:12 AM
If you ever used the payment protocol (you clicked a bitcoin: link and saw a green box in Bitcoin Core's send dialog), then you should consider your wallet to be compromised.


What about to use ALERT
https://en.bitcoin.it/wiki/Alerts

My exact thoughts. I think this is serious enough.

alert is like defcon 1 I think, Im trying to imagine the crypto equal of an impending nuclear winter

Quote
This vulnerability is caused by a critical bug in the OpenSSL library used by Bitcoin Core. Successfully attacking Bitcoin Core by means of this bug seems to be difficult in most cases, and it seems at this point that even successful attacks may be limited, but I recommend taking the above actions just in case.


I shivered for a monent. Next time try mentioning the good news first.

Thanks for the heads up!
I think action first is probably wise, prevention before cure?


My noob question here is could gox claim this bug had any influence at all in their case

Quote
That's a good policy. I also do that. You don't need to update from versions older than 0.9.0 unless you're using rpcssl. Most people aren't.

Do they do alpha beta test before then allowing a recommended update to the masses
11669  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 05, 2014, 07:29:13 PM
Does Germany not allow for solar power, there is many alternatives possible in an advanced nation surely.   Main problem I heard is Germany has poor internet outside of cities
11670  Bitcoin / Mining / Re: HOW TO MINE FOR FREE OR ATLEAST ON THE CHEAP (LEGALLY) on: April 05, 2014, 07:16:41 PM
Tidal power is free.   Hydro power is fairly efficient but you do need to live near a river or sea, so basically land rich but I still call it free if you are skilled enough

Yes. Free after spending a few million on infrastructure to support it.
Any carpenter skilled type person can build a water wheel, it can scale pretty well.   Its the kind of thing they'd do in frontier towns where being lazy isnt an option, here its red tape that be the biggest reason why not
11671  Bitcoin / Mining / Re: HOW TO MINE FOR FREE OR ATLEAST ON THE CHEAP (LEGALLY) on: April 05, 2014, 02:35:50 AM
Tidal power is free.   Hydro power is fairly efficient but you do need to live near a river or sea, so basically land rich but I still call it free if you are skilled enough
11672  Economy / Services / Re: ★★★ EARN 0.0006 BTC PER POST - FLAT RATE FOR 45 DAYS - JR. MEMBERS ALLOWED ★★★ on: April 05, 2014, 02:00:57 AM
NO ONE can do that, dont worry!

I think they could, my estimate is about 12 hours a day of posting.    If they can type fast maybe less but considering they must put thought behind each post then perhaps not and for example this post took me less then 30 secs but I was figuring in 5 mins per post  [30 secs to type/write but I had to read thread hence ~ 5 mins]
11673  Economy / Services / Re: ★★★ HIGHEST SIGNATURE PAYMENT ON THE BOARD - NEW RATES - RitzGrandCasino.com ★★★ on: April 05, 2014, 01:47:30 AM
I posted to Ritz's profile a short and simple trust feedback for the March campaign and I'll post again for April which seems fair as each time there is some trust that payment will be made, etc

Its not valid for people to graffiti trust when they have not risked any money, or thats how I see it.  Its not a popularity contest or political campaign, nothing risked should be nothing to say.
As to spam accusations, I have tens of thousands of forum posts elsewhere and Ive been typing >50wpm for a few decades.  I could easily post far more here if I really felt like it, unfortunately I use the other forums far more then this
11674  Alternate cryptocurrencies / Announcements (Altcoins) / MAO on: April 05, 2014, 01:08:09 AM

Reasons why this coin is Scam:

1) It has a 50% premine for the Developers, that means the Dev's keep 50 percent of the coins.
2) There is already an IPO, and the coin doesn't even have a wallet or website.. or logo..
3) The IPO has no escrow, and offers investors no incentive
5) This coin offers nothing new and is a clone/copy of other PoS coins..

Conclusion:


If I can buy into the IPO with POS coins then fair enough, if it works out great and if not then nothing lost


I will add one thing that is really spooky, why is it ok for this to be launched by a newbie.   At least make the second post from your real forum account.  
http://www.youtube.com/watch?v=WJ0y1kxFHuk Its Russian roulette with 1 blank round.  I hope everyone gets lucky
11675  Bitcoin / Mining speculation / Re: Mining when it costs more in power than payout. on: April 05, 2014, 12:29:40 AM
Its very natural for mining to become redundant though.  To mine regardless I think is misplaced loyalty.  

   In a normal system of work, inefficiency is destroyed and this is a positive thing or we'd all be out in the fields mining potatoes.    Instead we progress and find cheaper ways to do repetitive tasks.    You can go all the way back to Adam Smith on this, the dude foretold the end of gpu mining on btc, a book based on logic beats Nostradamus every time  Grin
Comparitive advantage might give us to further speculate mining will become specialised maybe even localised to certain parts of the world, where energy is cheap in excess and this super light data 'product' is no trouble to ship out.  Some Japanese islands on the ring of fire have geothermal power ?  Thing is, change is a positive and price being lower is part of that force is my guess, either btc can adapt or its in trouble:
11676  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 03, 2014, 02:09:00 AM
Quote
someone lost a wallet of 25k btc when btc was at $20 USD. He cried over $500k of btc, what was he thinking when 25k btc meant the loss of $30million+

All in one wallet ?   Just seems not the best thing if thats all your money dont keep in just one place.    I'd also say dont store just one form of asset value but thats more personal stance
11677  Bitcoin / Mining speculation / Re: Will miners in USA be able to remain competitive due to huge tax burden? on: April 03, 2014, 01:47:45 AM
Its possible to cash out purely in products purchased, is that taxable also.    I would guess they'll just use random rules like this to confiscate and argue about it later, they are never wrong
11678  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine on: April 03, 2014, 01:46:10 AM
Quote
the entire scientific community has come to the consensus that global warming is real.

The earth may warm but it can occur naturally also.  A volcano eruption can create far more pollution then humans.    I agree its best not to waste anything, but some turns greenie ideas into a religion
11679  Alternate cryptocurrencies / Mining (Altcoins) / Re: [AUTO SWITCH] ScryptGuild (BTC Guild) Beta - Multipool Done Right on: April 02, 2014, 02:29:12 AM
I heard of a mac which comes default as water cooled, I'd love that just to see how they did it.   I wonder if their models are efficient power wise though, to mine with

The gap on cgmining, might be most easily solved by switching back to older versions.  It could be many things, link a screenshot   eg. a bad cutoff value
Try cgwatcher maybe, which manages cg automatically


btcguild is down ?? did i miss something ??

BTC Guild questions should be posted in the BTC Guild thread....which has a bunch of posts about the outage.


i need to find that thread then. thanks .

Here it is : https://bitcointalk.org/index.php?topic=49417.6620;topicseen
11680  Alternate cryptocurrencies / Mining (Altcoins) / Re: What is Proof of Burn on: April 02, 2014, 02:09:26 AM
Wow thats impressively pointless.    Creative destruction or just confusion.    Reminds me of a 'real world' event from many years ago:

http://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Quid


Quote
all that matters is that an individual miner finds the task expensive

How about utility, a transaction that aids comparative advantage is a good idea but work for the sake of it is what I originally thought btc did and why I thought it was junk

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This has the nice consequence that, if people throughout the broader economy are gradually deserting oldcoin (as newcoin catches on), its value need not collapse! Instead, oldcoin gets burnt in the transition process, neatly reducing its nominal supply in just such a way as to roughly keep pace with its declining real demand

Yep, so when K_Foundation set fire to a pile of bank notes.   They didnt destroy value, they removed it from their own control.   I believe value was distributed to various holders of sterling.  
So when they destroy btc, I'd like to think the pointless act is merely redirecting value to the remainder holders and they'll have more sense, if anything I think it helps a coin to remove foolish actors in its ranks
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