any news? anyone?
just one word: nefario = irresponsible Few more words from Friedcat, on the previous page. Not sure if VeeMiner has seen it. |
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I wouldn't call +/- 10% a conservative estimate.
How would you call it ? A brave estimate. |
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I am a shareholder, but as there is no access to GLBSE, how should I know how much shares I am holding ? It has been over a month when GLBSE was shut down and I would expect that there are other investors who don´t know the exact amount of shares they hold.
Can I make a claim that I am a shareholder without the amount of shares I do hold ? I will submit this data later once GLBSE has released this information to me.
Cheers
H
You should do your best to provide an estimate. Write down what you can recall. Look into your wallets for transaction history, and identify what could have been sends to GLBSE. Match all this with trade history available in https://bitcointalk.org/index.php?topic=117491.0Needless to say - from now on keep your records up-to-date. |
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And we finally have confirmed that BFL is the winner in the process size category. 65nm sounds pretty sweet to me. Once process sizes are confirmed, it will be interesting to compare actual efficiencies (J/Hash) - to me, the winner will be the one who used best and smartest engineering to get the most bang for the buck. This should also translate into highest profitability for the manufacturer, assuming everyone offers similar price per Hash/s. |
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Can someone from BFL please clarify if at this moment their ASICs are packaged and delivered to the US?
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That's one way to look at it; another perspective is that these are not donations to the museum, but simply acts of individuals that increase the value of the exhibited specimen. A museum displays a painting, and due to external reasons the value of paintings by that author skyrockets.
I have not changed my mind on this, however after reading Mike's posts I have decided to respect his opinion and not donate to this address. The coin, and the fact that it ended up in this exhibition, are results of his hard work, after all. I hope everyone will respect his cautious approach, and refrain from sending funds for now. |
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Needless to say, sending funds to the coin has no possible positive outcome and only one possible negative outcome: it encourages them to take it off display. So please don't do it.
+1 : most organizations won't appreciate getting random bitcoin donations, it is a headache for them to figure out how to handle them properly (and they will get pretty grumpy if they spend a couple hundred dollars worth of staff time to deal with less than that in bitcoin donations). That's one way to look at it; another perspective is that these are not donations to the museum, but simply acts of individuals that increase the value of the exhibited specimen. A museum displays a painting, and due to external reasons the value of paintings by that author skyrockets. |
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I see a KLF-style opportunity here... Keep donating to the address on display until it becomes too hot to display  |
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I would prefer to release the PMs to police instead, but they're apparently not interested since they haven't contacted me yet.
In most cases I would release the PMs of 100% proven scammers to police (proven at the same level as what I require for IP release, not the level for scammer tags). This was such a large scam that I'd like to help the investigation proceed even without police interest.
What exactly are you hoping to accomplish? "Investigations" without the police in these kinds of matters may lead to... what? More wasted time for everyone, spiritual insights, self-reflections, what? If you are aware of PMs that may be evidence of someone's (not just Pirateat40's) criminal actions, or planned criminal actions in the future - go ahead and file a police report. |
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It's all a mix of achievements, genuine efforts, unforeseen show-stoppers, competence, incompetence, wishful thinking, vaporware, and pump'n'dump campaigns. Even the same person or company may be involved in several, or all, of the above.
I've noticed some generally respected people engage in unfounded "optimism campaigns" which will inevitably end up with disappointments. This can be understood, as many Bitcoin personas are now "all in" - they actually need to make a living off of their businesses. Short-term pressures can lead to less-then-ideal ethical judgements on their part.
I don't have anything to add to the OP, except to say I'm glad to see people keep tabs on various promises.
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I am interested in this for OT. What can you tell us about the platform, OS, RAM, etc? I would like to make sure OT is able to run on your device.
There will be two different devices - one for DYI hackers, built on Raspberry Pi and second on custom hardware. You can install anything you want on that RPi device (although it won't be recommended for security reasons!). Second device will be running custom software directly on 70MHz processor without any operating system, with built-in 128kB flash ROM... How about hardening the device against side-channel attacks by organizing a hackaton following the beta release? Could be part of some Bitcoin conference if timing is right. |
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Edit: I'm adding a link to my earlier post about how to strenghten an USB-powered device against side-channel attacks. I know that your chip of choice lacks NEON, but please read it to the end.
Afaik these attacks are more teoretical than in daily use. I'm not saying that it is impossible to get seed with unrestricted physical access to the wallet and good laboratory equipment. But still wallet owner have enough time to send his coins outside the seed. How does the owner send funds outside of seed if the device has been stolen? |
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So... Is everyone content that you will not see your bfl hardware until 2013?
Pretty much. Celebrate if we get them sonner but dont count on it so you wont be dissapointed when iit doesn't happen. People actually paid money so they can not count on it. |
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OP, I think you're right. you can wait for the sharp price declining of the ASIC mining rigs.
Yep. It seems to me that mining business is currently overcrowded - lots of folks jumped in driven by simple excitement about ASICs, without due dilligence. There will only be 25 coins every 10 minutes to compete for. Soon, the weak will realize what they've got themselves into, and start selling off their ASIC rigs to minimize the losses. Interesting thing about ASICs is that, for the first time, we've got a mining technology that is absolutely exclusive to mining, and cannot be resold or repurposed for other applications. Therefore, difficulty will never decrease like it used to in the past when GPUs were sold off to gamers, and now that FPGAs can be repurposed (at least in theory). ASICs will simply change hands and keep hashing. |
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It's vital for the forum to be closed for non-members and search engines etc. There is now a policy in place which prevents using the forum with a nickname or a pseudonym or whatever. It's Real Name Only. To make that policy work it has to be closed.
In other words the forum is much more strict, matter-of-fact, no-nonsense and "official" compared to this forum which is basically crazy. It's good this way. The craziness can stay here and the foundation business can stay over there.
Being read-only for non-members would be good for openness and transparency. I can clearly see the benefit of non-members not being able to post to cut out a lot of the rubbish you see on this forum for example but I don't see any benefit to denying non-members read access. As Technomage pointed out, the problem with opening the BF forum to the public is that (mostly) real names are used. It should remain closed to search engines and general public. We can and will continue to discuss important issues here, on this forum, and BF will not change it whatsoever. I am sure any important issues pertaining to Bitcoin which are brought up in the closed BF forum will find their way to this forum too. I'll do my best anyway. |
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Realistically, the hash rate will start off around 250TH/s and increase to 400TH/s over 12 months.
Really I have already pointed out just how wrong this part of the proposal is but he somehow seems to have ignored that. To expect that the first wave of production of these devices is only going to be followed by half that capacity increase in one years time is just so far off the mark it is unbelievable that he continues to persist in using it for any calculations. My estimates show 300-400 TH/s as the equilibrium after ASIC migration. This will be pushed up or down, depending on the exchange rate, which has historically been the main factor driving difficulty up or down. Mid- and long-term future exchange rates are absolutely unknown. So only the first batch plus little extra produced essentially. Nobody is going to run a second, third, ..... batch of these things through the production line ever again. Boy I would love to have some of what you guys are smoking. Running more batches costs money, and something or someone will need to absorb this cost. There are only so many sheep, and only so many coins. Therefore, yes, I expect an equilibrium in (exchange rate per difficulty), assuming no major technological breakthroughs or costly moves to smaller ASIC nodes. Regardless, we should take this discussion to the mining speculation. |
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Realistically, the hash rate will start off around 250TH/s and increase to 400TH/s over 12 months.
Really I have already pointed out just how wrong this part of the proposal is but he somehow seems to have ignored that. To expect that the first wave of production of these devices is only going to be followed by half that capacity increase in one years time is just so far off the mark it is unbelievable that he continues to persist in using it for any calculations. My estimates show 300-400 TH/s as the equilibrium after ASIC migration. This will be pushed up or down, depending on the exchange rate, which has historically been the main factor driving difficulty up or down. Mid- and long-term future exchange rates are absolutely unknown. |
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An investment professional who can't do accounting-math. Just what we need more of around here, congratulations.
Everyone makes mistakes from time to time. I don't expect you to be perfect either. The important part is that I not only acknowledged the error, but corrected it as well  And for the record, I never made mention of myself as a professional..that would imply I do this for a living. I'm a well-versed amateur with a strong sense for business operations and a heavy background in tech Compared to most of "investment" schemes we've seen this year, Korbman's has been thought through and presented in detail. The problem was noticed (by Aahzman) and is being addressed. He is responsive to constructive criticism. I don't know him personally and haven't done business with him, but I like what I see, and I'd say this is exactly what we do need more around here. |
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My private list should be pretty much bang on in terms of who has what.
Unseen advantage in making contact with people and doing the private sales
I am missing a couple handfulls of shares that were sold on the open market out of the ipo allotment, and anything that was done p2p between holders privately.
I am/was holding 65 shares that I brought open market... not sure how I can prove it now though... Do you know the date and time of the purchase? Even approximate time might help. You can look up trades in the file linked here: https://bitcointalk.org/index.php?topic=117491.0If you have problems converting from Unix time to UTC, let me know and I'll provide a converted version. |
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Good idea! This may very well be the first time I purchase anything on "black Friday" in ~12 years I've been in North America. One concern is the credibility of all merchants you let participate. Given tne irreversibility of bitcoin payments, it would be a PR disaster to let a scammer or an incompetent merchant sneak through and ruin somebody's first-ever Bitcoin experience. This is why I liked MtGox's "trusted merchant" idea, although í don't how well it's implemented. Anyway, please screen carefully whom you advertise on this Web page.
Also, we need more buzz in the media about this campaign, with links to easy-to-start wallets. How would you get a curious newbie to get and spend bitcoins in a few days?
Make me a page! Also, I'm screening them myself, I've disallowed a couple sites due to quality issues... But I won't take responsibility for all merchants, if you have any doubts, feel free to ask about them! Great, but can you suggest specific sequence of steps I should recommend a btc-curious person to take, so they can acquire and then spend coins within a day or two? To me this is still a sticking point: too many possibillities, endless combinations, most of them half-baked or too intimidating for an average person. |
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