Los compraría a 4 dólares por bitcoin. ( no confío demasiado en la estabilidad de la moneda ) Buena suerte, la vas a necesitar... |
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While I agree that it makes sense for pool maintainers to implement some kind of anti-botnet protection, what's stopping botnet operators from just setting up their own pool?
Nothing, but their profitability is limited by their ability to attract hash power, which in turn might be limited by their policies. Also, woundnt that expose them? Can you create an anonymous pool? |
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So today Im meeting with the guys creating the new constitution of Iceland, that is basically a process by which all the people in the country are participating to write it. More information in english here: http://www.washingtonpost.com/blogs/blogpost/post/iceland-crowdsources-its-next-constitution/2011/06/10/AGiBplOH_blog.html and their webpages: http://stjornlagarad.is/ and https://www.facebook.com/Stjornlagarad . They want to know about Bitcoin, they like the idea, so Im going to meet them to explain them Bitcoin. The meeting will be about more things, so I dont know how much time I will get. The good part for Bitcoin is that it could appear in the new constitution from Iceland and it would gave respectability in the eyes of some. The problem I see is that Bitcoin is designed to be an emergent currency (decentralized, pseudo-anonymous) not a government or constitutional currency. So I am thinking that the best way to focus this, to benefit both Iceland and Bitcoin communities is to suggest them to include a clausule allowing for competing currencies and forbiding legal tender laws and similar stuff. As examples of competing currencies the constitution could name Bitcoin (but only as example). What do you think? Any other idea? |
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Try your other card, if you still have it. If not, try re seeding your current card. I wouldn't think a hardware accelerated program would ruin a card, but it's possible with a card under a lot of stress, although quite small. If you can't get it to work, it should be under warranty if it's a couple weeks old.
In the future, you should disable flash hardware acceleration by right clicking any flash object and going to settings.
This, try another card on the computer or/and try the 5870 in another computer. This way you will be sure where the problem is. |
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5870, SDK 2.1, 11.6: no change, 419->419  Since most gpu miners are using now the phatk kernel you should upgrade to 2.4. Phatk kernel is optimized for 2.4. You will get better results. |
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I keep an open mind. Whenever I hear something that makes some kind of sense I listen. I won't however keep my mind so open that my brain falls out. Listening to conspiracy theorists and general nutters isn't really my cup of tea. Unless it's for entertainment value. Ok, calling me, the only person who is trying to make sense here, a conspiracy theorist and a nut is enougth. Im done. It would be better to have some kind of productive that can grow to a regular business after the recession, but to keep the economy going it needs people to use services and purchase goods, so it really doesn't matter how people get money, as long as they have money to spend.
That's what Sweden is doing, and it obviously works. You keep repeating the same mantra without any proof. You guys are just propagandists without no interst in reality. Good luck. |
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Marketing and increasing user friendliness is all well and fine.
But, in order to attract the mainstream, there has to be a specific product/service that people want to use. (I need BTC to do X)
If there is nothing compelling to spend BTC on, it will never crack the mainstream.
+1 My opinion exactly. People is not as dumb as some people here claim, but most dont see the need to use bitcoins. |
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A horrible idea. Money transfered between accounts does not mean that people is spending money. Miners that want more money created would just transfer money between their accounts so more money is created and they can get some. And there is no way to change this without radically changing Bitcoin and loosing some of its basic characteristics. And then its also a bad idea for the economics behid it. Also more people will start to speculate in the bitcoin, with a more regulated economy this would be a good thing. This would mean that people would buy if they think the price is too low and sell when they think it is too high, thus softening otherwise steep jumps or plunges and create a more stable merchant friendly bitcoin. But speculators can also have a very bad effect on not regulated small markets as I will describe later. A regulated market means a market rigged in favour of the bit players (see Goldman Sachs, JP Morgan, etc...). I much rather deal with stupid kids trying to play the free market (and most of them loosing at it) than knowing that the system is completely rigged in favour of a few by regulations. Just remember how a Chicago trader approached the SEC several times warning the regulators about Madoff. The SEC did 3 investigations on Madoff and decided not to act. Madoff was very well connected. And this is not an exception, its the norm. For example, recently a judge retiring from the CFTC, the commodity regulators, admitted that they had been covering market manipulations. His own words: "There are two administrative law judges at the Commodity Futures Trading Commission: myself and the Honorable Bruce Levine. On Judge Levine's first week on the job, nearly twenty years ago, he came into my office and stated that he had promised Wendy Gramm, then Chairwoman of the Commission, that we would never rule in a complainant's favor. A review of his rulings will confirm that he has fulfilled his vow. Judge Levine, in the cynical guise of enforcing the rules, forces pro se complaints to run a hostile procedural gauntlet until they lose hope, and either withdraw their complaint or settle for a pittance, regardless of the merits of the case"See how regulations and regulators work? They only serve the big players. Its not something you want in Bitcoin, unless you are a cheater and want to make use of them. |
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I'm not that educated in macro economics to explain everything, however by observing the world I can draw some conclusions about what appears to work and what doesn't. Then you should keep an open mind and try to learn instead of giving lessons. The quote you pulled was about businesses going out of business when certain programs were removed, after a recession. So, it kept the economy going during the recession, making sure people had money to spend. How is that "faith, not logic or empirical evidences or anything related to economics"? I already answered to this, but let me try again from another point. First answer to this: ¿This programs you want the government to do when there is a recession can be anything, like getting people to dig a whole and then others to cover it, or should it try to be a productive investment? |
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No new block in a long while ... DDOS on pools ... 1K transactions on hold ... is bitcoin broken ?
Large pools are evil people, y'all need to get off of them.
Yes. The EMP blast is coming soon. |
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If the people-hoard-because-of-deflation camp is correct, we should start seeing more people spending their bitcoins, right? Or do people hoard their bitcoins when the value is rising and then just sell them when value goes down?  I tend to buy when bitcoin is rallying because you find better prices. I bought some things with bitcoins when it was over $25. It was a great decission. |
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Prueba http://bitcoin-otc.com/Yo vendí algunos bitcoins para comprar mi minero y los vendí ahí. Puedes negociar la forma de pago que te vaya mejor, incluidos paypal o otros. Usa un servicio de scrow. |
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"It generally does": So basically you are acknowledging my point that it not always does.
I acknowledge that economics isn't an exact science and that you'll have to go by probabilities. If something has a high probability of succeeding that's the thing to do, even though it might not work every time. How did consumption in housing "help" the economy in the USA, Ireland or Spain? What type of consumption has happened in Sweden? Is it sustainable or only a small bubble created by the central bank? Will the capital created by the entrepreneurs due to the signals produced by that consumption be productive in the future? Or will it be waste because that artificial consumption will desappear when the artificial conditions are not there?
I don't know what kind of consumption has taken place? What do people usually buy when they get extra money? Who decides waste? If the consumption disappears when the country is out of recession it doesn't really matter does it? It did what it was supposed to do when it was needed. Consumption is not an abstract blob of data. Consumption means that the people has consumed some specific types of products.
Yes. I agree. Your point? Greenspan kept lowering the rates at any sign of economic downturn, to "stimulate" the economy. He create the housing bubble.
Again, I don't know enough about US economy to refute this. I doubt that it's so simple as low rates though. It rarely is. Yes, I like a lot the example of Sweden in the 90's and how they handled their housing bubble. You know why? Because they liquidated their debt. No need for massive increase of government spending in the economy (wrongly called "stimulous"), just liquidate the debt.
Basically, the way these kind of things are solved in a free market is by letting companies go bankrupt. The debt is liquidated and the remaining assets can be realocated. But because Sweden (and any modern occidental country) has a comletely regulated banking system that allows the banks to overextend credit way beyond what the free market would allow, this solution would be very painful (quick and effective, but very painful). Therefore the government took care of the mess it had created. And honestly I have to say is one of the more responsable actions by a government I have ever seen. They basically said they would not pay for the banks debt, so basically the debtors lost it, and also liquidated the position of the shareholders. They only went in to save the money of the depositors. Once it was done they sold the banks back to private owners to recover as much money as they could.
The key here is that they liquidated the debt, so the economy could start over.
Realize that both lowering interest rates and massive government spending goes into the other way. It tries to keep the debt obligations being payed by devaluation of the currency. Its a slow default, so its a slow recovery. Liquidating the debt in a quick default allows for a quick recovery.
Also, its worth noticing that by lowering interest rates and government spending (the keynesian solution) you are helping banks and the politically connected while hurting the poor. Instead, by defaulting on the debt you are hurting the banks and the investors. This is the reason why the keynesian solution is almost always the choosen one.
If it's that easy to liquidate debt then why doesn't more do it? It discourages investments, doesn't it? Something that is essential for a thriving economy? I agree that the way Sweden handled the housing crisis was a good way, but I doubt you can do it over and over. There are poor people in Sweden? They're one of the biggest welfare states out there, right? I doubt the poor in Sweden are very poor. You have basically avoiding answering. This: It did what it was supposed to do when it was needed. is faith, not logic or empirical evidences or anything related to economics. Honestly, the keynesians in this forum are very very weak. Its mostly hand waving, repeating the same mantra over and over again, and avoiding addressing arguments. It seems more like a histeric propaganda squad than thinking people. |
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If you rise the fee you are making it more difficult for people to go into Bitcoin.
All this conspiracy about moving up and down the market its fun, but take it with distance. People that try to move the price sometimes win and sometimes looses. If it were as easy as you say everybody would be doing it.
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Average consumers don't care Anonymity so much. Most consumers like to buy stuff from where they can put their trust. In such place, they don't really care give some personal information to the merchants.
I think the bitcoin itself is enough for those privacy paranoia like Satoshi himself. However, if you want to develop some projects, I guess you may want to sacrifice the anonymity nature of the bitcoin, just focus your attention on the speed/reliability/lowcost/safety/convenience/legality.
So I think some centralized service is good for the bitcoin community. and privacy paranoia can just use a Tor proxy while sending and receiving the coins, and not forget to change your address every time.
In that case, why use Bitcoin? Why not use paypal or VISA? |
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However, I will have a reason to revise it if the price rises significantly (2x) before August. That would indicate a correlation with a double time series that has a not-pretty outcome...
Will you explain that for me? The exact same thing that picked my interest. |
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bad analogy. fireworks are a good use of chemical powerders by Chinese, and it doesn't hurt people like guns. Fireworks neither defend people like guns... |
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The newest kernel gives an error on only 1 of my 4 cards. Phoenix says something about a kernel or OpenCL error and suggest that the card might be malfunctioning (and then keeps mining), and poclbm just crashes. The card is a ASUS 5870, but I have an identical model that works fine. The error might not happen for like 20 minutes. And the card apparently works perfectly since various pools accept the results from that card with no special extra-stales.
Also, I find it weird that the newest kernel seems to add some Watts of power consumption (I need to measure this propperly though).. Since its doing less operations and that way achieving a higher rate, shouldnt it consume the same?
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It'll be about 92% of a 5570, or about 55 MH/s. I have a 5570 and can do 200+ Mh/S... Unless a 92% means something different now, there is a problem somewhere. no way a card with 400 sps can do 200 mhash. the 5770 has 800 and it can do 200mhash with overclock. Sorry, I misread. I have a 5770, not a 5570. |
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You should also keep a whitelist around for when you're really getting hosed. Let known good miners and api users have access, but keep the rest of the world at bay until the storm subsides.
Whitelist sounds like the perfect solution for pools. Webs can not use it because everybody visits them, but miners have to register and you know their ip beforehand. |
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