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161  Economy / Securities / Re: [GLBSE] Pirate Pass Through Bonds! on: June 14, 2012, 10:15:15 PM
The option to place an order at a given, precise time, should be in the trading platform itself. That's the only way of doing it right. Anybody has asked Nefario if he plans to implement it?
162  Bitcoin / Hardware / Re: [ANN] OpenBitASIC : The Open Source Bitcoin ASIC Initiative on: June 14, 2012, 09:27:04 PM
I'd like to see an opportunity for bitcoiners to invest in your project directly. Create a stock sale with legitimate stock restriction contracts and allow people to buy stock in the company and/or bonds. Maybe those who have interest in mining could participate in a hybrid pre-order/stock purchase.

For example:

Someone who wants to simply invest: They can purchase shares at a sort of IPO for people who support bitcoin. Don't initially allow people to buy more than X number of shares for a specific time period, say 30 days. Maybe you issue 10000 shares at $100.

So in the initial thirty day phase you only allow individuals or mining companies to purchase 10 shares. After the thirty day period you allow existing investors to have a first crack at whatever shares are left, then open it to anyone if there are any shares leftover. These shares of course pay dividends also.

This would allow you to raise capital of $1M to develop the ASIC. It would hopefully allow small time and big time bitcoiners to participate in the project. Ideally 1000 people buy ten shares in the initial thirty days, if not, well people had their chance.

Then create another stock purchase which includes one unit as part of the deal. So say these shares are preferred stock subject to dividends and you release 1000 shares at initial ASIC purchase price. These folks get to hedge against future units being sold at lower rates by knowing they will profit from these shares. If these units sell at $1000 you have raised an additional $1M.

I am a client of one of the top 50 law firms in the world and they have an office in Beijing. I would love to be involved in this project directly or as an advisor. I am a successful small business owner and I am currently two years into an MBA program.

PM me if you have interest in direct involvement or I will certainly try to contribute ideas through this thread.

My purpose would be to help spread ASIC technology in the bitcoin community in a way that does not consolidate mining power while also providing a reasonable profit for the ASIC producer.

+1

I would love to see the distributed model continue. I think the healthiest model is for the users and miners of bitcoin to invest together in ASIC development and own the company that produces them, as it secures our interests if done correctly. It could be a private company that issues an IPO for the development (most income from IPO to be held in escrow for payment for masks), or a co-op, or maybe even kickstart? Finland has many successful co-op models, where everyone can join, and they get a share of the company, if they agree to the rules of the co-op. The share could be 200$ or so, and would entitle you to one ASIC miner (depending on the price) or a good discount on purchases, when the board is done. Whatever the model, I'd like to see it form as owned by the core community, not some privately held company with a track record of dodgy business conduct.

+1TH  Grin
163  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 14, 2012, 01:07:12 AM
maybe the classical "paper based" business model of the past had some advantages over the modern and "just in time" cloud?

Or maybe we should all be more careful with our bitcoins and not be so hasty to centralize them, especially in risky startups.

If I had to do Bitcoinica again, I would write a script to print out the balance sheet everyday.

You should do much more than that. Multiple and frequent offline backups, to begging with...
164  Economy / Securities / Re: [GLBSE] USD - Bitcoin Bearish Trust on: June 13, 2012, 09:42:14 PM
Would it be ok to make something like this for ARS? Or you will fall into us to claim copyright?  Tongue
165  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: June 12, 2012, 11:55:21 PM
Just follow the link you received when you first filled the claim. There you have the new password form.
166  Alternate cryptocurrencies / Mining (Altcoins) / Re: [21 GH/s]P2Pmining.com-Hybrid P2Pool-NO FEE!!!-LTC/NMC/IXC/I0C/DEV on: June 12, 2012, 10:36:07 PM
Pool was down. Bitcoind crashed.  I0coin merged mining is shutdown until I figure what's goin on. Pool is up again.


I0coin is a real memory hog, I think it has to due with the blockchain on it growing so large.

Yes, I had to disable it on my local instance too. It's following the way of GG...
167  Economy / Securities / Re: [GLBSE] ::GREEN:: GreenBTC on: June 12, 2012, 02:17:42 PM
I just created 6 new motions today. 5 expire in 24 hours, the last expires in 48 hours.

They ask to sell 100 shares at a set price that ranges from .10 - .50 per share.

The last motion is asking to spend 60 USD to buy a motherboard for a new mining rig.

I would go for selling @0.5, not to dilute the value of shares already sold, and to raise some capital useful to expand the operation.

And obviously, I support buying the motherboard.
168  Other / Off-topic / Re: 01000010 01101001 01101110 01100001 01110010 01111001 on: June 09, 2012, 05:38:42 PM
65 110 121 111 110 101 32 117 115 105 110 103 32 104 116 116 112 58 47 47 104 111 109 101 46 112 97 117 108 115 99 104 111 117 46 110 101 116 47 116 111 111 108 115 47 120 108 97 116 101 47 32 13 10 97 115 32 121 111 117 114 32 116 114 97 110 115 108 97 116 111 114 63

SSdtLCBidXQgSSdtIGdyb3dpbmcgdGlyZWQgb2YgY29weWluZyBhbmQgcGFzdGluZy4gV2UgYWJzb2x 1dGVseSBuZWVkIGEgcGx1Z2luLi4u
169  Local / Mercado y Economía / Re: [FINALIZADA] [SUBASTA] Compro 1000ARS en efectivo por BTC. on: June 05, 2012, 06:39:21 PM
Transacción finalizada.

Todo correcto.
170  Economy / Securities / Re: [GLBSE] BDK IPO, Monthly Profit Split from Operations -- *Next Offering: July 2* on: June 04, 2012, 04:38:15 PM
BDK down to 0.11

Panic selling, surely. I was expecting something like this, due to the lack of dividends, and the general low returns expected this month.
171  Alternate cryptocurrencies / Mining (Altcoins) / Re: [21 GH/s]P2Pmining.com-Hybrid P2Pool-NO FEE!!!-LTC/NMC/IXC/I0C/DEV on: June 04, 2012, 02:17:32 PM
Just Bad Luck  Cry

lol

Well, we'll just keep on playing...  Grin
172  Alternate cryptocurrencies / Mining (Altcoins) / Re: [21 GH/s]P2Pmining.com-Hybrid P2Pool-NO FEE!!!-LTC/NMC/IXC/I0C/DEV on: June 04, 2012, 01:39:41 PM
Is merged mining namecoins working?

It has been almost a week without a block. Is just bad luck?
173  Economy / Securities / Re: [GLBSE] ::GREEN:: GreenBTC on: June 03, 2012, 08:39:21 PM
Going to start selling shares every Sunday to the highest bidder. First sale will only be 1 share out of 2 issued. So the lucky bidder will get 50% of this dividend payment.

Strange way of doing it. It will still start on August?

Nope

First share is going to be sold today(sunday)
Next week most likely 8 shares are going to be sold.
and slowly ramp up the number of shares each week


At what time?
174  Economy / Securities / Re: [GLBSE] ::GREEN:: GreenBTC on: June 03, 2012, 04:05:39 PM
Going to start selling shares every Sunday to the highest bidder. First sale will only be 1 share out of 2 issued. So the lucky bidder will get 50% of this dividend payment.

Strange way of doing it. It will still start on August?
175  Economy / Auctions / Re: Get a BFL Single without the long wait! (Falling Price Auction - No Min) on: June 03, 2012, 02:30:42 PM
I'm planning to build a small green data center (open source, based on opencompute.org project), powered entirely by a small-hydro within the property, in a huge farm in Brazil... So, no more electric bills on this site.

(...)

The business plan draft is my hands! I only need the initial investment to buy the land and the small-hydro... I'm sure I'll be able to do that!

Nice plan. I'm thinking about doing something like this on Argentina. But with wind energy instead of hydro...

Good luck!

Sure! Wind turbines is a great solution too! I'll have some of it, I like MagLev Wind Turbine design... Or even developing a open source wind turbine, also sell DIY kits, etc, using funds from the project itself... My small-hydro will be entirely open sourced, not only the Data Center project...    Wink

Los hermanos must help each other! Let's do some business...   Grin

Of course. I'll send you a PM.  Wink
176  Local / Hardware y Minería / Re: Una de Pools! - minar en p2pool on: June 03, 2012, 12:08:32 AM
Tu promedio en el tiempo será mejor si te quedas en un pool sin moverte que si vas saltando de una a otra buscando la que tenga más suerte en ese momento por dos motivos:

- La suerte no existe en el mundo estadístico
- Pierdes tiempo de minado durante la reconexión

Son habas contadas. Partiendo de la premisa de que la suerte no existe os saldría más rentable quedaros en aquel pool que os ofrezca:

- Menores comisiones
- Reparto de las "transaction fees" entre los mineros
- Mayor pago por cada share


Y ya si buscas algo más que la rentabilidad sería conveniente aquellos pools que abogan por una reducción en el riesgo de centralización del proceso de minado (por ejemplo p2pool) o incluso pools opacas de escaso prestigio pero que favorezcan la fungibilidad de las monedas mediante algún proceso de lavado (no conozco ninguna, pero seguro que existen).

Paso para apoyar absolutamente la postura de Polvos, sobre todo en este post, y resaltando lo resaltado.

También aprovecho para mencionar que una de las mejores opciones para lograr tanto la rentabilidad "ideológica" de apoyar la decentralización del minado, como un incremento real de la rentabilidad monetaria en el largo plazo puede ser p2pmining, ya que este pool no cobra comisión, incluye los cargos de las transacciones en el pago, asegura la igualdad de oportunidades con un método de pago resistente al "hopping", y ofrece una rentabilidad extra mediante el minado de monedas alternativas.


Editado: Se suponía que este posteo era una respuesta a este hilo. No tengo la menor idea de por qué apareció aparte...  Huh
177  Alternate cryptocurrencies / Mining (Altcoins) / Re: [21 GH/s]P2Pmining.com-Hybrid P2Pool-NO FEE!!!-LTC/NMC/IXC/I0C/DEV on: June 02, 2012, 01:30:37 AM
Everything is back online and appears to be running smoothly. i0coin is back online also.

Please report any issues.

Thanks.

So far, so good.

I hope it remains like this.
178  Local / Mercado y Economía / Re: [SUBASTA] Compro 1000ARS en efectivo por BTC. Entrega: 1a sem JUNIO en CABA. on: June 01, 2012, 03:26:35 PM
Oferta ganadora:

OFERTA: 1000 ARS  @41 BTC
179  Economy / Securities / Re: p2p securities exchange. Now being developed (again) on: June 01, 2012, 02:58:45 PM
Doesn't open transactions have much of what's needed for this already?
For holding the securities at least, not the bidding / trading part.

Yes using traditional exchanges, from what I know. Is there something that fully decentralizes the system?

I also think that OT is the way to go. Even as much as I like decentralization and p2p, I believe that the proposed solution would suffer all kind of performance and scalability issues besides adding unmanageable extra complexity. The federated solution of OT addresses the problem of decreasing the trust needed in the centralized servers by implementing a partial decentralization in a satisfactory way. I already recommended it to Kluge for Hermes, and I believe that you have to consider it too. If every trading platform has its own OT implementation, sharing the same assets, the net result would be a effective decentralization of trust without extra complexity, minimizing performance issues and maximizing liquidity.
180  Alternate cryptocurrencies / Mining (Altcoins) / Re: [21 GH/s]P2Pmining.com-Hybrid P2Pool-NO FEE!!!-LTC/NMC/IXC/I0C/DEV on: June 01, 2012, 01:53:32 PM
Which version are you using?

32509

I'm using the same version, and it's working fine too. It took a while to catch up after the incident, ate a lot of resources and threw a lot of out of memory errors. Probably when it was processing the orphaned blocks, but finally it catched up and kept working just fine.

I think the pool just got rebooted I hope, Interesting what happened in cgminer, it switched from p2pmining.com to my backup pools (3 p2pools) and it just started rejecting all the shares for everypool. It was kinda interesting. So i rebooted cgminer and p2pmining is down and now my backup pools are working correctly.

Same behavior here. I've seen it several times, but I haven't researched it further...
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