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Re: BFL
Remember a common phrase: Past performance does not guarantee future returns.
So, even with a prior product it doesn't rule out BFL as being sketchy with the sheer amount of BS they spread from July '12 until now.
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My biggest issue has to do with their apparent lack of perspective.
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Biggest understatement of the Bitcoin mining world. Supposedly, they hire 20+ people. Lease a new office. 2 weeks to respond to customer inquiries. Sitting on their thumbs at work. Not truly knowing what their doing - hence the poor outcomes. Bashing people on the forums. Complete BS PR from October '12 until Feb '13. Now, only slightly more informative than before. None of their timelines on product development and heat testing match (Oct - Nov) up. It's beyond belief, but we would have all been better off going with nzhang or friedcat. They knew how to get the job done without excessive amounts of PR spin. And now we wait again. Wait for BFL to fix their marketing centerpiece - power efficiency. |
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Re: DDoS prevention. Does Cloudflare essentially offer the same services as that DDoS prevention service that accepts BTC?
From what I understand the one that accepts BTC has all traffic routed through them (BGP AS would be them) the destination endpoint(s) can be absorbed in to the services' IP block through tunneling or a leased line.
If such a company has the PoP bandwidth to handle the DDoSers while route black holing the attackers once they reach their perimeter, then that seems good enough??
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Whether you believe bitcoin is currency or not, I believe this article from Forbes and its central argument has a grave logical flaw - His premise is that Bitcoin cannot be money based on the fact it does not have a fixed value. He proffers this because it's USD value varies so much and is traded like a commodity. Bitcoin does have a fixed value its 1 BTC - the fact that it varies against other currencies is no different from a dollars, pounds or yen. His central argument is flawed because he equates variance in exchange rates, to not having a fixed value http://www.forbes.com/sites/steveforbes/2013/04/16/bitcoin-whatever-it-is-its-not-money/David, you're right. Largely these arguments between classical economists and Bitcoin are based in semantics. If currency needed to be at a fixed value Forex wouldn't exist. Even though there is a strong argument for relative stability in currency. As technology becomes better such volatility can be countered on the supply side, so arguments containing 'must have inherent, fixed value' I just ignore. My opinion is that classical economists get a little scatterbrained and flustered in that Bitcoin essentially obsoletes their profession. |
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Don't be a Krugman apologist.
He was sooo far off the mark. So, re: technology Krugman is just a shadow. Don't be afraid of his ethereal gloominess.
However, he's right concerning capital-biased economies. Thankfully, Bitcoin serves to help level the playing field in that regard.
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And why muslims need democracy if they don't want it?
Oh yeah, sure. That girl who wanted to go to school actually just wanted to be shot. And those girls who go outside without their man or without wearing proper coverings just want to get harassed and beat up. It's just like those girls who dress too sexy just want to be raped. It's not about democracy, it's about personal freedom to decide your life and how you live it (including the society you chose to be a part of) versus having someone else force their decision on you. There really are only two types of people in the world: those who wish to be free to make their own choices, and those who wish to force their choices on others. If you want to call it democracy or totalitarianism, that's fine too. Well, such a touchy and complicated topic. But, I have to agree that fundamentalist Islam's sexism is only one degree removed from Nazi Germany's xenophobia. edit: (not root cause, but it's brutal effects and societal tone.) Not to mention that UAE's judicial system, and likely similar in other muslim nations, charges M.D.'s with murder when patient complications arise leading to death (New York Times). edit: M.D.'s convicted in absentia based on hear-say evidence. I would not call that a judicial judicial system. If one questions whether this happens all over the world - please inform yourself and read the NYT article. kk, thx. Yeah,.... the middle east is not on my list of vacation destinations. |
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Just deliver fully contained (tamper self detonating) suitcase bombs to all of the fundamentalist groups of the middle east.
That area will be a wasteland in no time at all.
Problem solved.
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Examples of strawmen arguments include mischaracterizing the argument, Deflation in Bitcoin isn't bad because deflation is inherently good" as "Deflation in Bitcoin isn't bad because of some special characteristic of Bitcoin."
That's a different kind of argument, and not what I was talking about. Asserting that deflation in currency is inherently good is a general assertion, and it's something that can be debated on its own evidence. We can look at how deflation has affected currencies in the past. What I was saying was that IF we look at how deflation affects currencies in the past, and IF deflation appears to negatively affect the economy that uses those currencies, one can't just dismiss the argument by saying "those examples don't apply to Bitcoins because bitcoins are different." Yep, deflation, it's presence during certain times, and it's implications is a unique argument with merit. It is not a diversion. There was a US Congressman sponsored money seminar in DC where historians asserted that US deflationary periods had nothing to do with...guess what.... deflation. But, if one were to ask the typical academia economist they would mark history as being riddled with deflationary events due to poor money supply management. It's highly debatable. |
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Making Bitcoin out to be an environmental enemy is pointing to a sliver in one's eye while overlooking all of the logs jammed in to all of our heads.
Give it up. Think about the Fed, CC payment processors, and 'money changers' electrical usage.
It's almost as if people don't have a sense of proportion.
Oh, and shut up Meg Krugman.
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If memory serves me I believe Xilinx offers an 'Easy Path' program that would hardwire the bitstream and lower per chip cost. Turn around time is 2 months.
But re-usability is lost.
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Only 4-6 weeks to go!
'Till you get your dev unit  |
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As I stated in 'speculation' forum. These guys at OKCupid have built a pretty sharp system. It's not by any means bland or unintelligent and has features almost all other sites find superfluous to their business model by the fact that OKCupid has more of an immersive system that enables people to find good matches and then get off their site.
I'm totally not surprised. These guys seem pretty forward thinking.
It's a good thing that they see value in Bitcoin.
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If one knows the fundamental design of OKCupid one knows that these guys are sharp. The did their web app entirely in-house using what they claim as 'superior language, code, and framework.'
I'm totally not surprised by this. They seem pretty forward thinking.
It can only be a good sign that these guys see value in Bitcoin.
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... I bought the coins down on their way between $100 and $90, just to see how my $70k investment melted away in half over night  ... Volatility does suck. |
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OpenBitASIC project claimed to have come to the same conclusion. They could not find a fab for a reasonable price.
Edit:
There are a few highly experienced asic people here. Such plans and designs would have to be vetted by them before I would consider backing the project.
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+1
Though, I have to admit there are some serious flaws re: transaction volume that none of the elite dev's are taking up in a serious way to provide an elegant solution.
The more I hear prominent dev's use concepts such as 'off-chain' transactions or micropayment channels the more I fear for the utility of Bitcoin.
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I've often focused in on the idea of meta-chains when discussed on the forums. (And I wish the term 'meta-chain' would be adopted by convention for the concept of multiple chains per coin)
I believe that such meta-chains can provide additional utility and not only as a means to normalize/restrict hashrate.
Bitcoin is missing the following
1. Tier based SLA predictability.
Combine fixed block size to 10 minute confirmation windows and establishing an SLA is not reliably possible. Many people are addressing this concern by inventing 'off-chain' payment channels. Others are addressing it from a tx fee point of view. Both of these types of solutions are either not entirely predictable or inelegant.
IMO, 'off-chain' payment channels is a symptom of a coin that is unable to meet demand. On other words, a failed coin.
I could imagine that, if the option were present, that there would be a market for low-priority and high-priority (confirmation time) sub-chains.
2. Dynamic transaction volume / unit time scaling (regardless of hashrate)
When one thinks of a coin with a single chain being pressured to meet transaction volume demand the ideas of fixed block size and fixed confirmation time is a serious shortfall.
The lack of a memory pool pressure metric that is synchronized across all nodes leaves Bitcoin in a poor state to dynamically adjust transaction volume while ensuring sufficient transaction capacity scarcity to support a network that survives based on transaction fees. (Once coinbase subsidy is no longer sufficient for network survival.)
However, if one were to approach this problem by use of a meta-chain, or multiple sub-chains, with each having it's own transaction confirmation velocity, then that might work better than trying to fix a a coin with a single chain.
Though, I do have concerns about coin mobility through each sub-chain. How sub-chains could be reconciled.
Still, even with a meta-chain I believe global memory pool pressure is an important factor. If a metric that describes global memory pool pressure is known by all nodes some system could be established that dynamically adjusts velocity while maintaining scarcity.
IMO, Bitcoin lacks consciousness of network demand and without that it's too inflexible. On the other hand, quite a few smart developers have pointed out how a demand-based dynamic system might be gamed in such a way to minimize tx fees.
Just food for thought. Thanks.
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... BFL ... charlatans ...
Done. |
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shouldn't we be writing in Latin, the traditional language of the elite?
No I'm afraid no Latin In the Millionares Only Club. It's bad enough with the Russians posting what looks like Klingon in the rest of the forum. I even considering a blanket ban on Australians as well. Anyone for a canape? Or a swan roll? chuckle |
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Heyyyyyyyy ... when's THIS bubble gonna pop?  the earth will become a tiring and chaotic place full of people (increasingly where life has less value) and either governments fail us or they institute population control. humans are profoundly irresponsible when it comes to reproduction. |
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