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1541  Economy / Economics / Re: low price because of repeated large sells on: July 23, 2011, 10:11:27 AM
True. In medium term bitcoin goes either to 1000$ or to 0$. If so, than it really makes not such a big difference whether it was bought at 10$ or at 30$.
1542  Other / CPU/GPU Bitcoin mining hardware / Re: Professional rig 2000 - I've the same setup but can't keep it cool on: July 23, 2011, 10:00:50 AM
I am not arguing about usefulness of BitcoinRigs services or their prices. In previous post it was covered by BitcoinRigs just fine. I also think that any merchant shall be able to set up the prices as they see fit. If the price is wrong the market will take care of that merchant and his prices one way or another.

However, since it was said that I am wrong on something. I am curious and have a few questions.

1. Which power supply is used for 3 6990's, or at least what is the wattage 1200 1250 1500?
2. In which position the BIOS switch on the cards is?
3. How many Mhps the cards are doing while they are so cool?
4. For how long was it running before the photo was taken?

BTW sales do not prove anything about cooling of this beast.

Now if you get less than 400x6 = 2.4 Ghps out of 3 cards, I hardly can call it a nice cooling solution. And I would think that you will not be able (not oven close) to cool 3 6990 doing 400 Mhps per core.

I guess that your answers would be stock position of the switch; stock clocks; 1500W PSU; about 2 Ghps. Which is less than impressive on performance and still suspect on sustained cooling.

Of, course when I discarded this solution long ago, I was thinking about running a few dozens of rigs in one room which is a bit different from running one rig per room.





1543  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mention on Alex Jones Today & Mention of Bitcoin Forum URL on: July 23, 2011, 03:33:55 AM
@cypherdoc, you just wrote bitcoin PR manual.

Quote
1.  don't talk about mining.  its confusing.
2.  don't talk about the blockchain.  its even more confusing.
3.  say that bitcoin is "digital gold".  that'll definitely make them sit up.
4.  say that only a fixed number will be issued and then NO MORE.
5.  say that since its digital it can be instantaneously transported across borders w/o detection.  they'll immediately realize the implications of this.
6.  don't say anything about "cryptocurrency" or "cryptography".  this makes it sound like bitcoin is trying to hide something along the likes of Silk Road and other illegal activities.
7.  say that bitcoins are secured by "advanced mathematical algorithms" that prevent counterfeiting.  sounds impressive.
8.  try to avoid saying anything about Satoshi since an unknown character brings to mind a shady type character or hidden agenda.
9.  do explain that the decentralized or "spread out" nature of bitcoin makes it indestructable to gov't or Fed intervention.    they'll like that.
10.  when they ask what its denominated in say that bitcoin is a currency unto itself and "floats" in value against other fiat currencies like the USD but bitcoin is in fact NOT a fiat currency.  you might mention that you think that bitcoin will become the gold std against which all other currencies will be measured.
11. i wouldn't recommend newbies go to forum.bitcoin.org especially with all the trolls we've been getting there recently.  the best place for them to go to learn about bitcoin is bitcoin.org which explains all the facts and has references.

I'll restate your points and will add some

Don't mention:
- mining
- blockchain
- crypto (unless it goes into technical details and you are asked how it is implemented)
- satoshi
- forum
- specific exchanges and businesses (unless you've been paid for that, maybe)

Do say:
- "digital gold"
- there never will be more than 21 million of bitcoin in existance
- bitcoin is secured by "advanced mathematical algorithms"
- "no government can repeal laws of mathematics"
- decentralized with no single entity to be shut-down or pressured, just like bittorrent
- quick and low cost payments over internet,
- can be easily and covertly transported over national borders
- negligible transaction fees
- "Disruptive disintermediation" (if audience seems to have above average IQ)
- pseudonymous and potentially anonymous transactions
- accounts cannot be "frozen"
- can make donations to wikileaks etc
- easier to store and transport than gold
- it is just like gold which you can teleport to anyone on the planet
- bitcon.org
- valued below 1$ in Spring 2011, valued at <whatever> dollars now.
- traded on a number of independent exchanges, which set up valuation against fiat currencies.
- potential low cost replacement of interbank settlement networks such as SWIFT

feel free to add to these lists

@all, do not freaking even think to speak to media before reading this.  Wink



1544  Other / Politics & Society / Re: Your child brings this letter home from school... on: July 22, 2011, 12:08:56 PM
Have anyone thought about teaching children to learn instead of all that less significant stuff that was mentioned ITT?
1545  Other / Politics & Society / Re: Americans: your country can no longer make it to space on their own. on: July 22, 2011, 12:02:43 PM
Why bother with maintaining the space program when you can simply print a few billion dollars and hire someone who still accept them to do it all for you.

1546  Other / Beginners & Help / Re: Bitcoin Investment Fund on: July 21, 2011, 08:50:44 PM
And there is always an alternative for investors, just keep the bitcoins.
1547  Bitcoin / Development & Technical Discussion / Re: [IDEA] 1971Coins and HyperBitcoins on: July 21, 2011, 08:45:30 PM
I have an idea how to implement this. You raise a few billion dollars reserve and some serious mining and than peg your block-chain to whatever. Market goes higher you sell your coins, market goes lower you buy. Keep doing it until you run out of money. Than peg ends.

This is really the best way I see for implementing it.

1548  Other / CPU/GPU Bitcoin mining hardware / Re: Professional rig 2000 - I've the same setup but can't keep it cool on: July 21, 2011, 06:10:14 PM
as Reckman said...

I also said half a year ago (or so) that those setups are good only on pictures and maybe in refrigerated rooms.

Throwing side panel and pointing a box fan to the cards might do the trick too. But than again only in well ventilated room and only with very few of those boxes per room.

1549  Bitcoin / Bitcoin Discussion / Re: Why not just buy a micronation? on: July 20, 2011, 04:04:58 AM
There one step from "backed by gold" to "fractional reserve", as history has demonstrated so many times already.
1550  Bitcoin / Bitcoin Discussion / Re: Why not just buy a micronation? on: July 20, 2011, 03:58:40 AM
Why push Bitcon to buy a micronation, when you can just let micronations to buy some bitcoins.

Bitcoin would be a logical choice of currency for a micronation/seasted, unless their leaders fancy themselves as little kings and cannot pass on opportunity to mint own fiat.

A nice Litmus test of sorts for a micronation.


1551  Bitcoin / Bitcoin Discussion / Re: What programming language to learn? on: July 19, 2011, 09:24:34 PM
If the question was, "which language is not to learn?" than I would know the answer: "PHP".


And why?

If I answer that I would probably offend a lot of people. So,  I'll pass on it this time.

Also, last time I checked axioms do not require proof.  Shocked



You started the troll...

My posts are reflection of my personal experience... which is rather relevant and extensive... if you do not like it feel free to ignore.

There is no bad language only bad programmers. PHP has the best documentation ever, the most servers running it and since version 5 allows object oriented programming... Sure it offers so much freedom that if you do not code clean your program will be a mess...

True, but somehow bad programmers tend to gravitate to PHP. It is like a bad neighbourhood which is best to avoid...

Friends do not let friends to do PHP, you know.

1552  Bitcoin / Bitcoin Discussion / Re: "Disruptive Disintermediation" on: July 19, 2011, 09:17:41 PM
http://www.youtube.com/watch?v=Zu3919IUrb8

Well done both Amir (Jentix) and Max. It's like a breath of fresh air, finally an intelligent discussion on "tv".


Vladimir -- just curious, what did you like about this interview?

For starters nothing was blatantly incorrect (which is already refreshing). Max was great, as usual. Surely there is not much new for us was said there but for many people who hear about bitcoin for the first time this could be just that little push they need to type bitcoin into google search box.

I am looking at this not from point of view of my personal education about bitcoin but from point of view of bitcoin publicity.

I also like this term they coined "Disruptive Disintermediation".  Grin
1553  Bitcoin / Bitcoin Discussion / Re: What programming language to learn? on: July 19, 2011, 05:57:34 PM
If the question was, "which language is not to learn?" than I would know the answer: "PHP".


And why?

If I answer that I would probably offend a lot of people. So,  I'll pass on it this time.

Also, last time I checked axioms do not require proof.  Shocked

1554  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: July 19, 2011, 05:48:22 PM
He always interviews like that, this wasn't a one-off. For me, he is total cringe. I hope he learns something before he embarrasses the technology again.

You are being way too harsh.
1555  Bitcoin / Bitcoin Discussion / Re: "Disruptive Disintermediation" on: July 19, 2011, 05:30:45 PM
Because it is not funded by Murdock, maybe?
1556  Bitcoin / Bitcoin Discussion / Re: What programming language to learn? on: July 19, 2011, 05:26:32 PM
If the question was, "which language is not to learn?" than I would know the answer: "PHP".
1557  Bitcoin / Bitcoin Discussion / "Disruptive Disintermediation" on: July 19, 2011, 03:00:46 PM
http://www.youtube.com/watch?v=Zu3919IUrb8

Well done both Amir (Jentix) and Max. It's like a breath of fresh air, finally an intelligent discussion on "tv".
1558  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin going to change its inflation algorithm? on: July 19, 2011, 02:53:38 PM
To be fair, Bitcoin is a complex concept. there is crypto, there is economics, there is block chain, there is proof of work, there is mining subsidy, there is fee mechanism given to free market to regulate, etc...

They say human brain can hold only so much information in quick access memory (RAM). I would guess that some people are just not capable to grasp the concept instantly due to large number of intertwined components of bitcoin ecosystem (brain swapping their "RAM" to somewhere).

It took me a week of reading and thinking to grasp Bitcoin concept and see how ingenious and elegant it is. However, I have my INTP intuition which told me that this may worth the effort, just based on quick read of Satoshi's paper.

Some may not put in such an effort to "get" it and simply reject what they do not understand.

Many once discover Bitcoin try to find a way to improve it, by changing some of the fundamental properties somehow. I did that too in the beginning, but I gave up on it long ago.



1559  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin going to change its inflation algorithm? on: July 19, 2011, 02:36:50 PM
Indeed, for last 6 month I am offering every inflation proponent to fork bitcoin and create inflatocoin and so far not a single attempt, not even a hint.

They do talk the talk but they do not walk the walk. Do we have to fork the inflatocoin for them?
1560  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin going to change its inflation algorithm? on: July 19, 2011, 01:09:51 PM
Than you are going to have to fight "it ain't broken do not fix it" argument.
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