Hi me and Nefario (guy behind https://glbse.com) are meeting up early Friday evening (for Pizza at the Cornhouse or food at Wagamamas [Print Works one]) this Friday (2012-09-07) to discuss bitcoin if anyone is interested in coming along?? All welcome. |
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Hi me and Nefario (guy who designed and built https://glbse.com) are meeting up early Friday evening in Manchester, UK (for Pizza at the Cornhouse or food at Wagamamas [Print Works one]) this Friday (2012-09-07) to discuss bitcoin if anyone is interested in coming along?? |
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Hi me and Nefario (guy behind https://glbse.com) are meeting up early Friday evening (for Pizza at the Cornhouse or food at Wagamamas [Print Works one]) this Friday (2012-09-07) to discuss bitcoin if anyone is interested in coming along?? |
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Can I have a free one for being you anti-spam bot on CoinConnect  I did help bootstrap btcfpga.com back in March  |
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I look forward to more news and am eagerly awaiting more solid details before I plunk down the cash. It's great that we have a solid competitor to BFL.
Yeah I'm saving up for a third ASIC and glad to have this option which if you pre-order now may ship before a BFL if you pre-ordered now. With BFL only promising for shipping to start late October for June pre-orders and now being over 7000 pre-orders later. |
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I believe the touted solution is Mesh Networks
yes, and it's even more important than the success of bitcoin that this happens. Not only as means of resilience against an attack but also as a motor for a less hierarchical society. Look into using http://projectmeshnet.org/ a Bitcoin Blackjack site can be accessed through it at http://[fc9e:a3c:7e4a:91f2:38fe:9968:d637:2620] Yes looks good that project. I just wished they sold plug (in to your modem/router) and play (Ad Hoc'able) hardware that could also act as local MeshNetworks. With Pirate Boxes and RaspberryPi's available I think someone will start selling them sooner or later. |
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I believe the touted solution is Mesh Networks
The FreedomBox - https://www.freedomboxfoundation.org/goals/index.en.html - has just been released and that can operate in ad-hoc mesh networks although I think that solution is a long way off if ever possible. Exchanges could be hosted as hidden services within the I2P or Tor networks but you still have to get the fiat cash into those exchanges. Maybe Pecunix could be used or Ripple -http://ripple-project.org/ - if it gained enough traction. |
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I also don't like the idea of the company solo mining before selling the chips tho I don't mind them doing both at the same time.
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I've managed to find a cheaper electricity supplier -
ELECTRICITY
Excluding VAT - 13.444 pence per kwh. When 7.900 kwh has been reached, the price will then go down to 10.653p per kwh.
Hopefully I will be able to only charge RSM's use in the £0.10653/$0.1684985/€0.1345474 price range.
Woops forgot 20% VAT so that's actually £0.127836/$0.20241552/€0.16149522 Yeah after I have used 7.9 kwh within 24hrs the price drops to the lower rate. So if all RSM's electrical usage fits within the amount used after 7.9 kwh (which it should) then I will only charge it at the lower rate. Although I think it would be a good idea to purchase a kill-o-watt meter to properly manage the charging of RSM's electricity power usage. I've asked my new power company if they would supply me with one for free Also we will need to buy a new electrical extension lead. I will pay for the extension lead and kill-o-watt meter if needs and just pay myself back the relevant amount of shares valued at MtGox average. |
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I agree with Micon. I'm embarrassed by 'Long Term Offers' and scared by 'Securities'.
Some 'Securities' are dodgy or bad investments but with mine 'RSM' - https://bitcointalk.org/index.php?topic=63257.0 - It enabled me to buy mining hardware I otherwise couldn't have afforded. So everyone owns a share of all the hardware and profits. As long as people trust me not to run off there shares in RSM are backed by part ownership of all the hardware. It was aimed at other people who couldn't afford (or have time/skills) to buy expensive mining hardware to micro-invest in bitcoin mining. All major decisions are decided by a motion of shareholders. |
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http://ripper234.com/p/why-i-trust-patrick-harnett/Disclosure I have small balances with Patrick Harnett and HashKing. The reason I've split my money between two investors is to offer a better balance if one defaults. Remember don't invest what you can't afford to loose. Also I was discussing a possible very large loan off one of them not too long ago so I can see how they make money.
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All information has been sent. Thanks.
Does this mean we are getting paid and in full soon  |
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I'm somewhat skeptical of this assumption that people will cash out their payouts (if they materialise - which I somewhat doubt). All these people who were so keen to invest in BTCST will suddenly give up on BTC altogether and cash out to fiat? That's a big assumption
Because some people would have only bought bitcoins because of Pirates offer?? No you know anyone like that. Pirate didn't con a bunch of bitcoin outsiders. Hell they (looking objectively from a distance) were more likely to see it as an super obvious ponzi. It was only the bitcoin enthusiast who thought somehow bitcoin could bend the laws of compounding interest. My guess is the number of people who were complete outsiders to Bitcoin and bought solely to put coins into an obvious ponzi and will sell as soon as possible are a distinct minority. Maybe it makes people feel better to think that but this was a "hometown" scam. The people scammed were the people right here in this forum long before Pirate started offering dumbass "wagers". Yes but with those rates there is a high chance of seasoned forum members encouraging there peers to cash in. I'm not saying all BST and PPT will cash out (I won't be doing so with my merge [possible] return) but some will. Which could help further push down the weekends low and possibly helping a BIG (naming no name's) trader?? |
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For example, if the price of Bitcoin drops to $1 in four months and he pays people back the number of Bitcoins owed, does that count as him paying back?
300 BTC owed is 300 BTC owed.... No matter what the fiat exchange rate... I thought people wanted BitCoin to succeed as an alternative to fiat not just as another exchange-rate gambling mechanism... I am sadly mistaken... I think you missed his point. The point is that you either think A) Pirate is an upstanding member of the community who is experiencing cash-flow problems but will do his utmost to pay everyone back or B) you think that he ran a ponzi scheme and that he will pay you back as little as possible If A) then you have nothing to worry about, sit back and relax If B) then everyone must try to maximize their return.... You have to be happy with anything you get back... if that takes giving him some info for whatever strange reason then do so, if you don't feel comfortable, then don't.... It's a ponzi so you don't have any expectations or rights to get your money back... Holding out on giving him any info he requests is not putting the pressure on him.... he will be long gone or lawyered up.... As I have posted before... he would be a pretty stupid ponzi scheme operator if he hadn't planned out his exit long ago It's either A) or B) ; There's no grey in between where he is a bit honest and a bit ponzi Or (C) In limbo (by taking the majority of major and senior voices of this forums advice) and in dire straits. |
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For example, if the price of Bitcoin drops to $1 in four months and he pays people back the number of Bitcoins owed, does that count as him paying back?
300 BTC owed is 300 BTC owed.... No matter what the fiat exchange rate... I thought people wanted BitCoin to succeed as an alternative to fiat not just as another exchange-rate gambling mechanism... I am sadly mistaken... I think you missed his point. |
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I'm somewhat skeptical of this assumption that people will cash out their payouts (if they materialise - which I somewhat doubt). All these people who were so keen to invest in BTCST will suddenly give up on BTC altogether and cash out to fiat? That's a big assumption
Because some people would have only bought bitcoins because of Pirates offer?? |
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I think it's clear that someone is trying to crash the market, by selling heavily at the beginning of the weekend, when they know liquidity will be limited by the inability to make fiat transfers into the exchanges. Exactly the same thing happened two weeks ago, and I'm guessing it's not unrelated.
How low will it go? I'm guessing this weekends attempt to crash the market will be far less successful than the previous, which triggered an overdue correction in an overbought market. This time round I imagine there are quite a few players who anticipated the possibility and more have exchange funds ready and waiting to buy back in when they sense a bottom. I expect a bounce.
My personal belief is that it will bounce back to $10-$11 and then trade sideways for a while. But I'm not a trader (of anything) not least because I know full well that I'm no good at trading. I mainly only do buy-and-hold. So I'm probably not the best person to listen to on this.
I think Pirate might start some payouts very soon and the market may lower further?? |
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Within the EU you have to pay 20% VAT on silver but not on gold. I think one coin would be below the UK's customs VAT limit to be charged.
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So is this offer only open to US bitcoiner's |
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