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1281  Bitcoin / Bitcoin Discussion / anyone have namecoin running in windows? on: June 15, 2011, 11:05:14 PM
specifically windows 7 32 bit.
I run namecoind.exe and it just sits there saying server starting.
1282  Bitcoin / Bitcoin Discussion / Re: Bitcoins as Currency: A Serious Logical Analysis. on: June 15, 2011, 09:20:06 AM
We have contract law, do we not?

HA! you wish.  you have contract law unless the judge doesn't like the contract.
1283  Other / Obsolete (selling) / digital goods: shogun 2 total war, alien vs predator, windows 7 pro license on: June 13, 2011, 02:00:23 AM
1BTC each for games  Games are steam keys. 

2BTC for windows 7 key.  windows 7 license is good for 32 or 64 bit windows 7 professional.
1284  Bitcoin / Mining / Re: Instead of raising the difficulty on: June 12, 2011, 02:24:05 PM
half the world is in winter right now.  Roll Eyes
1285  Bitcoin / Bitcoin Discussion / Re: Why the maximum of 21.000.000 bitcoins cannot be enforced on: June 12, 2011, 10:02:17 AM
topic creator: you don't understand the definitions of the words you are using.  please read any introductory econ text.
1286  Economy / Economics / Re: A more rigorous look at bitcoin's fundamental value on: June 11, 2011, 10:35:51 PM
actually gold has other properties besides being pretty that are more important.  it is fungible and easy to measure the purity of.
1287  Bitcoin / Mining support / Re: 1BC for anyone who can fix this. on: June 11, 2011, 10:32:21 PM
clean out all your drivers with driver sweepers and install just 11.5 drivers and openCL drivers.
1288  Bitcoin / Bitcoin Technical Support / Re: Lost some Bitcoins, what did I do wrong? on: June 11, 2011, 07:02:13 AM
explain what's getting copied more clearly.
1289  Bitcoin / Bitcoin Discussion / Re: Why employment taxes and enriching early adopters may actually help Bitcoin on: June 11, 2011, 06:58:40 AM
both excellent points.

and even if hoarders just cash out to buy a house and a ferrari, it's peanuts next to the wealth created by finally having a currency that doesn't inflate.  they richly deserve whatever rewards they get.  even if bitcoin fails I wont regard early adopters as scam artists.  they invested their time and money at great risk to try and get a new system off the ground.
1290  Other / Obsolete (selling) / Shogun 2 total war steam key 1BTC on: June 11, 2011, 05:51:58 AM
PM me, got it with card and I dont play RTS.
1291  Economy / Speculation / Re: Eaasy, Steeadyy, Steaady.. CLANK CLANK CLANK BANG BANG CLACK CLACK on: June 11, 2011, 05:07:48 AM
blowoff top.  I think a few hoards were cashed in.  no big deal, has happened before.  if an early adopter wants cash out and buy a house good for them  Grin
1292  Economy / Economics / Re: The lack of shorting is a significant barrier on: June 11, 2011, 04:12:37 AM
naked shorts...why would I participate in fraud?
1293  Bitcoin / Mining / Re: question on running 5850 and 5830 together on: June 11, 2011, 01:46:09 AM
OH its in the settings.  Thank you!

Cant seem to change the settings on the 5850 except fan speed.  Core and memory sliders show no value.  GPU-Z shows stock values.

edit: I adjusted the 5850 with sapphire trixx.  both cards running 925.  think I'll leave it here for stability test before pushing any further.

600Mh woohoo!
1294  Bitcoin / Mining / Re: question on running 5850 and 5830 together on: June 11, 2011, 01:38:13 AM
MSI afterburner appears to control same GPU no matter which I plug into.

I want to up the fan speed on the hotter card and I cant.
1295  Bitcoin / Mining / question on running 5850 and 5830 together on: June 11, 2011, 01:32:37 AM
so I dont have a resister to make the computer think 2 monitors are attached yet.  (windows 7)

I am now up and running with guiminer at default clocks.

How do I control clocks/fans of each card independently?

I've heard that msi afterburner controls the card that is currently plugged in.  So I should find a stable OC on the first card then switch to the other card and repeat?

How does that work once I have a dummy plug?
1296  Bitcoin / Mining / Re: Dummy Plugs/ Multiple GPUs on: June 10, 2011, 01:30:12 PM

you the man.
1297  Economy / Economics / Re: A more rigorous look at bitcoin's fundamental value on: June 10, 2011, 10:37:27 AM
The fundamental value of bitcoin is that people want to use it to transport value over time.

No, a lot of people seem to think that, but it's not the case. Bitcoins are a poor long-term store of value.

Their fundamental value is that people want to use it to transport value over space.

Like from the U.S. to Africa. People also want to do it securely, anonymously, and without a central authority.

THAT is the inherent value of bitcoins, folks. Forget it at your own peril.

it isn't secure. bitcoins are like cash.
it isn't anonymous.

large cash transfers can't become a motivation until the market thickens up.
1298  Economy / Economics / Re: A more rigorous look at bitcoin's fundamental value on: June 10, 2011, 08:35:39 AM
OP. All you have done is describe a set of general relationships.

Can you quantify it?

If I could I'd be rich.  Human value subjectively and that is subject to the standard cornucopia of bias chief among them hyperbolic discounting.  It could be tested empirically to see how people react under certain sets of conditions.  Whether or not those conditions told us anything useful about the real world would then again be open to interpretation.  It is the dismal science.  Not science proper.
1299  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Self Regulate? My Test Via Ecocoin on: June 10, 2011, 04:49:41 AM
buying land titles in a foreign country is a bad idea.  never know what will actually happen.
1300  Economy / Economics / A more rigorous look at bitcoin's fundamental value on: June 10, 2011, 04:44:20 AM
Everyone knows that market demand for bitcoins sets their price.  But there is a lot of debate over what creates that demand.  Who is buying all those coins from miners?

Proof-of-work systems are a little counter intuitive.  We will look at the similar asset gold to explain them.  People dig gold out of the ground, sell it to others who put it in a vault in the ground and sit on it.  Why bother?  Proof-of-work guarantees scarcity.  I know that nobody can magic more gold into existence.  It's going to take X amount of time/labor/material/human ingenuity to get more gold.  Therefore I know gold won't suddenly become common since those other resources are limited.

So you have this scarce resource.  Is scarcity enough?  

No.  It must be scarce and in demand.  People buy gold because they think they can sell it to someone else later for the same or more of other things they want.  Gold is a way to transport value across time.  

Why does the gold buyer assume there will be equal or higher demand in the future when the person they sell it to also just wants to sell it for the same or more than he paid?  At the end won't someone HAVE to be left holding a bunch of useless rocks?

Not if the supply of gold increases more slowly than the class-of-people/number of dollars seeking to transport their value over time.

What prevents a sudden crash?

Nothing! The check on this is that people don't want to transport value over a week typically.  They want to transport value over a span of years.  The longer this investment window the more the supply of a good will be restricted.  Restricted supply of existing gold (in addition to new mined gold, the buyer doesnt care) relative to the total amount of gold in existence helps ensure that there won't be a sudden drastic price decrease.

Now you can go back and replace the word gold with bitcoin.  The creation of new bitcoins is similar to gold in that it is a small amount relative to those coins already in existence.  But what about the other factor?  What is the investment window of bitcoin?  No one knows.  Many proclaim it to be a bubble and will sell at the first sign of correction.  Many hoarders claim they are in it for the long haul.  Whom you believe will sway the market more is up to you.

The fundamental value of bitcoin is that people want to use it to transport value over time.  The characteristics of bitcoin generally discussed such as a lack of inflation and decentralization merely make it more attractive as an asset to fulfill this role.  If the number of people/dollars willing to hold bitcoin for this purpose grows faster than the rate of creation of new coins plus the rate at which current holders decide to sell theirs price will continue increasing.

I'm actually not sure how clear this is.  I'll answer questions but don't be surprised if I simply point you to a wikipedia article.




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