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161  Local / Biete / Re: USB ASIC miner - check OP >300 here we go on: May 09, 2013, 11:20:17 PM
Interested in 2 to the UK if you'll accept Euros - low on BTC at present
162  Bitcoin / Group buys / Re: [Group Buy - UK Re-shipper] Block Erupter USB on: May 09, 2013, 11:13:50 PM
Quote
I will also work in accordance the UK laws, including produce legal instruments to secure the customers rights.
Well, I did not decided about the invoice, but I could emit an invoice as sole trader.
At ~£200 each if you get lots of "agreed order", you're likely to get close to the VAT threshold - are you registered for UK VAT ?
163  Bitcoin / Hardware / Re: Now available: Lancelot (Heavy Duty 2 x FPGA Mining Board) on: May 09, 2013, 10:40:36 PM
Payment: We accept Bitcoin, Bitcoin Escrow, Western Union and Bank Transfer.
If you haven't placed your order yet, please do so online and do _not_ pay for it. We will send you a payment reminder as soon as your order is in stock.
Switch the website to GBP as currency, and it says you'll accept cash on collection from your Reading, UK location

Try to order, and cash at your location in China is the only option
- is the Reading address and Cash option valid ?
164  Bitcoin / Hardware / Re: Avalon batch [2] countdown! on: May 09, 2013, 09:13:03 PM
In the meantime I'll just have to settle for watching my kids grow up and kissing my wife....

For the right amount of bitcoins, both of those chores can be outsourced Wink
165  Bitcoin / Bitcoin Discussion / Re: Bitcoin 0.8.2. What do you think? on: May 07, 2013, 07:05:09 AM
Good idea, I mean, if I send you 1 satoshi, with the fee structure we're using right now you cannot spend that 1 satoshi (0.0005BTC fee), so I loose 1 satoshi, you get nothing and the blockchain gets bloated. Its a no brainer, well at least until we have a proper fee structure in lace
Wrong in so many ways ...

If you send me 1 satoshi, I get 1 satoshi - end of story.

Nothing stops me spending it (whether I have to pay a fee, or carefully calculate how to spend it at the time of using an "old" bitcoin, or leave it for years to eventually age or whatever is my choice)
 - I still have 1 more satoshi than I started with.

Blockchain bloat - yes it's an issue, one that the current plan does nothing to actually addresss.

Fees are also an issue - one that requires a rethink on overall 'wallet management'.

166  Bitcoin / Bitcoin Discussion / Re: Why I'm switching to mXBT — and why you should too on: May 07, 2013, 06:59:32 AM
100 years ago a quarter would get you a gallon of milk.

3 years ago in the UK 20p could still get you a pint of Milk :p
167  Bitcoin / Bitcoin Discussion / Re: WARNING! Bitcoin will soon block small transaction outputs on: May 07, 2013, 06:35:24 AM
The Achilles Heel of Bitcoin is being swamped by transactions worth less than a cent because, unlike fiat coinage transactions, Bitcoin transactions are stored on thousands of servers for years or forever.

The storing of the entire "ledger" is one of the main problem with bitcoin, and really can only be solved by shifting to a time-based-balances summary.

The reason it takes bitcoin "users" 4 days to get started is the collection, unpack and interpretation of the blockchain.

Having a full chain only at "miners" as part of the "cost" to maintain the network (and profit from it through mining) is fine, but for global adoption, the client needs to become lightweight and portable - so so "balances as at last sync to the network" and "transaction since" is one solution - for those who *want* the whole lot (for whatever reason) should always be able to get it, but most people dont (and I can see "trusted nodes" for mobile apps becoming more prevalent over time)

Another "needed" feature is a solution to the "empty pocket" problem - having multiple addresses for receipt of bitcoins and then consolidating them and *abandoning* those addresses. In the "real" world you dont pay fees to take money from your multiple moneyboxes and spend them in one go - from a ledger (and therefore bitcoin) point of view they're logically transferred to one "Box" and then spent from there

Is the current change a good idea - IMHO as a temporary measure while proper solutions to the issues of bitcoin growing are found, then yes.

Is the amount being suggested (5430 satoshis) right - probably not - as it will discourage small miners from pools where they're not submitting lots of shares, so get small "payouts" - which ultimately hurts the network not helps it.


168  Bitcoin / Mining / Re: rpi B for cgminer on: April 29, 2013, 04:31:15 AM
I have actually even had bitcoind running running on a PI but I gave up long before the blockchain synced.  I suspect if I let it go I would have ended up with a toasted SD card.

I tried a while back, it to ~275 days to-go worth of data, then seems to take longer than a day to add the blockchain for that day - so was neverexpected to finish - left it a while and my rPi died Sad

Another good reason for having "balance as at" version of the blockchain Smiley
169  Economy / Speculation / Re: People were willing to buy at $65 a few minutes ago.... on: April 16, 2013, 07:16:07 AM
why is it still failing?

Supply vs Demand vs Confidence

When there are people "cashing out" price goes down - just because it's not a Fiat Currency doesn't mean it doesn't work much the same way...
170  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Litecoin? on: April 04, 2013, 01:50:51 PM
Also, some of my own minor ignorance, but why litecoin?
Because it's not just another "me-too" bitcoin clone started by people who missed out on mining when it started Smiley
171  Economy / Speculation / Re: Sold all my BTC@ $94 each on: April 01, 2013, 05:36:42 AM
Did I make a mistake?
Only you can work that out.

How much is bitcoin expected to go up in a week? Month?
Supply & Demand - could go up, could go down, no-one actually _knows_.
172  Economy / Currency exchange / Re: [UK] Selling BTC for your cash! Good rates. London area or by post. on: March 29, 2013, 11:31:41 PM
Also accept Canadian dollar notes.
Planning a trip ?
173  Economy / Currency exchange / [WTB] bitcoins with business verified paypal account or UK bank transfer on: March 29, 2013, 03:09:20 AM
Looking to purchase 8 BTC with PayPal - verified business account.

Expecting to do some level of verification and will expect same from other party.

Any amount over 0.5 bitcoins acceptable.

174  Economy / Currency exchange / Re: [WTS] 3.24 BTC for $240 on: March 29, 2013, 03:08:01 AM
Have 3.24 BTC for sale. Reply to this thread or drop me a line. Only accepted method of payment is paypal.
I'll buy the 3.24BTC for $240 - verified business PP account ... will PM you some contact info.
175  Economy / Currency exchange / Re: [SALE] 6 BTC for UK Faster Payments on: March 29, 2013, 02:38:57 AM
Sold :-)
If you get some more BTC you want to sell in the UK, let me know.
176  Bitcoin / Project Development / Re: Interest Check - Scammer Book on: March 25, 2013, 10:33:52 PM
to create profiles for the person who scammed/ripped them off
How much are you budgetting for the team of lawyers you'll need on staff ?
177  Other / Beginners & Help / Re: Any counter-proof that Satoshi Nakamoto did not design a ponzi scheme on purpose on: March 25, 2013, 10:32:45 PM
1. It is a ponzi scheme (whether transparent or not), unless the rate of price appreciatioin slows to be not so many multiples of the rate of REAL transaction growth.
bitcoin has no "rate of price appreciation" - thats a simple supply/demand issue - there's no assigned or implied "value" beyond the uBTC number
178  Bitcoin / Bitcoin Discussion / Re: Bitcoin does not solve any problems! on: March 25, 2013, 10:28:32 PM
Bitcoin does not solve any problems!
Did you forget to tick the "world peace" option when you installed the client ?

will Bitcoin actually solve the evils associated with money?
How would a-n-other type of "money" solve a perceived problem with money ?

What _problem_ are you seeing, that you'd like to see bitcoin help you fix ?
179  Other / Beginners & Help / Re: Is bitcoin money? on: March 19, 2013, 04:10:23 AM
Why is bitcoin money?
Because people are able to assign a value to it, same as any other ccy
180  Other / Beginners & Help / Re: 7 thoughts on Bitcoin on: March 16, 2013, 02:08:21 AM
Unfortunately you fail to understand the concept of 'voluntary' work. And IF you ever got paid in anything like bitcoin, please let us know how it goes when you state it to your tax office Wink
They could pay you in Popcorn and used DVD's - you'd still have to declare it, it would still have a value, and you'd still be liable for tax.
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