AND assuming price remains same (worst case scenario, as I'm pretty bullish), block halving, and 10x difficulty (again, extreme scenario):
Once all ASIC vendors release their products, it's going to be a hell of a lot more than a 10x difficulty increase. |
|
|
|
I know next to nothing about computer hardware, but doesn't creating specialized computing devices require an industrial operation? As in a teams of trained experts, large specialized tools, specific materials. How do the no names supposedly creating bitcoin ASICs do it? Am I overestimating the requirements for mass producing computers?
What you've said is true. We really don't know how BFL has developed a fully custom ASIC miner, but the other Bitcoin ASIC manufacturer's aren't using fully custom chips, which from what I gather cost much less to develop. |
|
|
|
Something like this would make a very cool screensaver |
|
|
|
|
There is a reason you're the only one selling bitcoin on amazon, what happens when people start filing chargebacks for the transactions with their credit card company?
|
|
|
|
|
Perhaps she thought you were asking her for money?
|
|
|
|
I can not fkn believe what I am doing... huh.. this is hard... but I have to agree with mircea popescu (or his really awful PR person).
This is truly ugly, when forum moderator/owner looks for a way to dump his worthless shares of GLBSE on someone who trusts him (probably only because he runs the forum?). Sure, find a poor sap who has probably seen Nefarios masterful perfomance in London event. (youtube)
If the forum owner is a starts to pull scams, no wonder this shit keeps happening in BTC community over and over again.
Theymos, do you have balls to say you are sorry and actually start helping this community to fight the scammers?
What the hell is going on? Are people actually being brain-washed by this? Short version of what happened: Nefario wanted to start risky process of regulating GLBSE. Theymos and others thought it was a bad idea and wanted out & CLEARLY SPECIFIED that it was entirely because of Nefario's decision to get GLBSE regulated. Things didn't go so well for Nefario when he tried to get the exchange regulated & GLBSE is now offline. Things could've went the other way, if GLBSE had managed to get properly regulated then the shares would've skyrocketed in value. |
|
|
|
They conveniently omitted to say "hey, I'm selling these shares into this company which I firmly believe is going to shit."
No, but they did outline the reason for selling, that the GLBSE was about to start the process of getting properly regulated, and they didn't want to be a part of this process. If you have a brain you would know that getting regulated is an extremely risky, costly & long process. |
|
|
|
|
The reason theymos & the other shareholders were selling their share was because Nefario was about to make the GLBSE compliant with the SEC, and those shareholders were not in favour of this move.
Obviously things went wrong when Nefario started the process to get the GLBSE regulated, which is why its now offline etc etc.
I don't see how this warrants a scammer tag.
|
|
|
|
Wow, your website needs 60 Billion encryptions per second? Or even 4.5? You must be bigger than google.
If you read again, you'll notice the question I was answering was: Is there anything else out there that uses DBL SHA-256?
Anyways, to answer your question, no, I don't think there is any website/software/business out there that would need an ASIC just to do password hashing, but a hacker trying to brute-force a password database would need something like 60 billion hashes a sec. |
|
|
|
Is there anything else out there that uses DBL SHA-256?
Just once more for good measure: NONot true, double sha-256 is actually used for many things. There is plenty of software/websites that use it to store passwords in databases, such as: http://www.clipperz.com/security_privacy/crypto_algorithms |
|
|
|
I don't thing transgeder people would speak of themself as neither male or female.
They might consider themselves to be both male and female, or change regularly (male by day, female by night etc etc). Anyways, we can see from this poll that not enough women are using Bitcoin. A shoe-shop accepting payment in Bitcoin would help. |
|
|
|
The sex of 20 of the people in the poll is other. lol
Wait, bitcoin has only 1% more women than hermaphrodites? About 1,7% of humans are born hermaphrodites, we have over 5%. Why is bitcoin so interesting for this gender? Other includes trans-gendered people, not just hermaphrodites. |
|
|
|
|
Mining of new Bitcoins won't end for over 100 years.
High difficulty will still make the network more safe AFAIK, blocks will still be generated as normal but no reward will be paid, so it'll defend against 51% attacks.
|
|
|
|
Why is this a problem? Why should every user be forced to install software and operate a node as well?
Nobody is forced to install anything. They can run a lite-client or use a web-wallet if they wish. |
|
|
|
Since IF GLBSE ever comes back online it seems most likely that a panic selling will happen (even more than the BTC price after the Gox hack), I would guess that we are already royally screwed anyway.
Oh well, it's just money.
I don't think so, if its only a botched update, why should people freak out and start panic selling? |
|
|
|
I think GLBSE are back in business very soon.
Is that a gut feeling, or do you have some info that we don't? |
|
|
|
Panic as in we've lost all our BTC or panic as in we should be expecting our uncle SEC to knock on our door?
Why do people keep mentioning the SEC? The S.E.C regulate in the US only. GLBSE is a registered company in the UK (based in Lancashire IIRC), they are regulated by the UK FSA (well, are subject to regulation by them). |
|
|
|
Remember he only said he'd update the situation on Saturday, not put the site back on line.
That doesn't mean anything, he didn't say he wouldn't put it back online either. |
|
|
|
|
Show Posts
