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What can you report on the loan to ATC777?
I can't find anything about BTCINVEST having written-off this loan... Significant to the balance and the real amount of risk involved.
Could you give a figure of the YTD performance of the BTCINVEST loan portfolio alone, excl. your generous backfills?
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Is it possible to mine on a single account of Bitparking Pool with more miners simultaneously?
Yes, I have two computers mining on the same account with no issues for 12+ months. one computer has a GPU, the other has BFL singles. Tnx for assuring and it seems to work nicely with me too: 2 PC's with together 3 GPU's and half a Ghash/s. |
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Is it possible to mine on a single account of Bitparking Pool with more miners simultaneously?
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Awesome. Keep up the great work!!
After hearing so much about new businesses accepting bitcoin, I think what we need next is bitcoin discounts. Looking at fee structure alone, can't businesses afford to offer a 2% discount right off the bat? As bitpay charges 0.99% while credit card merchant fees over 3%?
There are probably many more costly manhours into setting up the acceptance of BTC by this and other companies, than even the turnover in BTC for quite a while to come. So please don't start begging right away, since there's more in the cost structure of a business than payment fees. I feel it should be the reward for the early adapters at the supply side of the economy. Disclaimer: I'm biased towards the business side, since I'm running one myself and am accounting for others. |
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Earlier problems with stats, problems with payouts and now the pool is openly compromised. Could the run of bad luck been a result of 'stolen' hashpower? Some sort of man in the middle attack?
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Ik gebruik zelf al tijden Bitstamp en ben eigenlijk verbaast dat ze niet de grootste exchange zijn inmiddels. Vlotte support en vele malen lagere kosten dan de alternatieven die ik tot nu toe voorbij heb zien komen.
Voor zover ik het begrijp zet Bitstamp de gestorte euro's om in USD. Weet je of kun je schatten hoeveel marge zij op die wisseltransactie nemen of welke koers ze daarvoor gebruiken? |
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Right now, when you want to sell something with Bitcoin, what you're actually doing is setting the price in a fiat currency (such as USD or EUR), and only then converting to Bitcoin using the current exchange rate. This has the consequence that you have to constantly verify the price because the exchange rate is very unstable.
But what would happen if someone started selling using a fixed Bitcoin price? For example, let's say that I want to sell my computer at BTC20, and always at BTC20 regardless of the exchange rate. Would it be a good or bad idea? What consequences would this have?
I personally think that if more people sold with fixed Bitcoin price, the currency would be more stable; but then I'm no expert.
Probably an auction is a better idea to sell something in BTC without referencing yourself explicitly to any fiat price. Then you will have a price discovery of exchanging this specific computer against BTC, without the forementioned pitfalls of pricing yourself out of the market. Of course, amongst other (dis)advantages, you won't have a fixed price when auctioning items. |
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Very interesting. When I've mined some dBTC back of the last sales opportunity, I'll give it a try.
Would be fun to receive some of those doomed dollars by the postal man.
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Zmienił się raport na Picostocks, może warto również tutaj zamieścić info?
On Picostocks site report have been changed, maybe it's worth to publish it here?
like this copy-paste? Chip production update The wafers will be completed on 2013-05-19 (May 19th). We are negotiating the timing of packaging now. Created on 2013-04-04 11:50:00 by Leszek Rychlewski; Published on 2013-04-04 11:52:06 by koji; |
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If you want continuous debasement of Bitcoin, how do you distribute new coins? (not to the cartel miner I assume)
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You fail to understand the technical problem in the OP. Merged mining does not fix the threat. The threat is the corporations can make it uneconomic to mine because they can offer it for free and the other miners will get paid nothing for mining, thus they control all of the mining (merged or otherwise). Before you attack that, go re-read the OP more carefully.
Technically it may be a logical outcome, but how will the alpha-males work harmoniously together to form and continue this cartel? On world-scale there exists no such 51%-entity, AFAIK. Human nature breaks organisations down internally long before world domination and after a break they will compete which each other, since they both think they are on the right track. The largest companies and countries are small at the global scale, only one's exposure to one of them can be particularly large. So Bitcoin can be sufficiently protected by size and dispersity. |
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If you read my technical thesis in the OP (opening post), then realize that the alleged takeover by corporations will occur subtly over a decade or two.
You will be lulled to sleep. Then once it is too late, they can start turning off the ability for dissidants to transact. By that time, probably all payments will be digital, even in the local market using your mobile phone (which by that time may be wearable).
Thus you won't eat if the corporate-fascist government apparatus doesn't like your behavior (politics, open source projects, etc).
Bitcoin is being developed as a supposed superior alternative to another form of money, which was developed as an alternative to another form of money, which was... OP, why would this process end and why does Bitcoin has to be a perfect form of money right now? |
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Flipping shares is definitely part of my game (and I have arguments for why early bird shares can be a good thing, but we'll save that for later)...
Flipping is fine and fair in playing the market, but it hurts raising capital for the venture. Anyway, it doesn't matter if the issuer sells his already owned (virtual) shares to keep the proceeds. Not claiming it's the case, though. If you plan well ahead and make everyone aware of the upcoming opportunity with early bird shares within a reasonable time frame, I suppose early bird shares can support a venture's marketing. @Deprived - I've seen your comments in Bakewell's thread on the share dumping, but in general missed the nuances of the loan. Intermingling of the personal situation of the issuer(s) and the managed asset is probably a risk in ZIGGAP as well as in Bakewell. |
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Ain't the 'Early Bird' share setups mainly a way to give the knowledgeable insiders a first neat profit on their shares, while draining the available IPO-funds in the market from the venture into the sell walls just below the second IPO-batch prices.
Also the recent big volume sell order against a ridiculous low price smells like it.
Aethero, it seems better to give your investors some bad news, than release no information at all. At least your shareholders can act (un)wisely on it and move on or adhere to your venture. I'll took my BTC-loss already to cover the EUR-investment and still give it a chance by holding onto ca. 20% of my max holdings.
P.S. Except the forementioned IPO, there seems at least one other asset on Bitfunder being devastated by the exchange risk of its loan(s). Accompanied by extended online silence of the issuer. Probably to be followed by the holder of these kind of 'low risk investments'.
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hmmm ... so did he order them or did not ? I want to update the count accordingly.
I sent an order in, however I did not receive a confirmation and I because of my stupid mistake did not get the uptake on AMC's offering so as to be able to pay for them. So I am reworking AMC offer and when ready I will post it in AMC's Official Discussion Thread for the community to make comments on before it goes live on Bitfunder. I just want to thank everyone in the community for point out all of the problems in the original offering. I have incorporated, I think most of the communities concerns in the new offering.  Ok, so you did not purchase. The contract is very misleading. Man! I will remove your post from the tally thread. Sorry, if I mislead you, I did not mean to, I put ordered in the contract which is what I did. As you may have noticed, the 6 Avalon's above show that they have been purchased and confirmed not just ordered. I found it quite clear from the contract that the order could only be purchased when enough funds were raised from the IPO. Ken, where do the first two dividends come from? |
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Almost scary to see price movements on a linear scale. Is there anything else in history with such a meteoric rise with no corresponding bubble pop?
Just look at June 2011 for the same meteoric rise (maybe zoom in first). |
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bitcoin.de is ook een goede optie om P2P te handelen en je kunt buiten de middenkoers handelen
groet, Joris
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Via bitcoin-central.net koop je zonder banktransactiekosten (SEPA) met 0,498 % trade fee voor de exchange;
Via bitcoin.de kun je buiten de middenkoers handelen en ook geen bankkosten te hebben (SEPA P2P) met 0,5% trade fee voor de exchange;
LTC hebben geen nutsfunctie, dat is puur gokken, BTC enigszins.
Via bitfunder.com kun je i.p.v. zelf minen ook in aandelen van kleine en grote miners (alsook in andere bedrijven, oplichters, opties en valutaparen); denk daarbij in het mogelijke rendement in en 'return of capital' van BTC.
groet en het is leuk speelgoed,
Joris
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tnx and go on building the user base; looking forward to the first trade.
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