But this all goes back to who makes more money........the miners or the guy selling you mining supplies.  Yeah, going with that, a company might make more money digging for gold with the 5 shovels they themselves would need to mine than they would from selling just the 5 shovels. But if instead they don't mine and just sell thousands of shovels to all the miners out there, then they will likely make more than they could have by digging for themselves with 5 shovels. Analogous point for BFL. Point #1: No one digs for gold (serious miners) with a shovel now days. Point #2: Manual labor and running software can't be compared. One is physical and one is more virtual/electrical/automated. Hardly a good analogy..lol An analogy is just that - an analogy. It doesnt matter if miners ACTUALLY use shovels now. It's the logic. And the manual labor/software here is perfectly warranted too. Again, its the logic. The cost/development of shovels from Miner Company is analogous to the cost/development of ASIC from BFL. The selling of shovels is analogous to the selling of ASIC devices. The chance of actually finding gold and selling it is analogous to the difficulty rate/block chain of bitcoin mining. the logic, not the actual practicality is what matters Whatever floats your boat man lol I dont swing that way bro...lol |
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Biggest volume order since November and possibly ever...lol
talk about a fat dump.
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Looks like somebody dumped over 100k solidcoins earlier. LOL Lost faith? Cashing out? LOL  |
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just watch a new all time high coming up
This prediction you make is based on? |
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 payments for genius art can be directed to: 1RXWrxw3JBVv4AKy9UGSrXnQefwzWJUmM lol |
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But this all goes back to who makes more money........the miners or the guy selling you mining supplies. Yeah, going with that, a company might make more money digging for gold with the 5 shovels they themselves would need to mine than they would from selling just the 5 shovels. But if instead they don't mine and just sell thousands of shovels to all the miners out there, then they will likely make more than they could have by digging for themselves with 5 shovels. Analogous point for BFL. Point #1: No one digs for gold (serious miners) with a shovel now days. Point #2: Manual labor and running software can't be compared. One is physical and one is more virtual/electrical/automated. Hardly a good analogy..lol |
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This can get real interesting real fast if pirateat40 in indeed in caught in such a trap.
Why would this affect pirateat40? Supposedly, in his own words, he is using other people's BTCs instead of pocketing the entire lavish profits himself as a hedge against the exchange rate fluctuation for when he converts his BTC into fiat. Obviously if he is telling the truth then a huge rise in the exchange rate is the event he's hedging against and his clients should bare the losses. Perhaps people should withdraw their BTC from Pirate's "program"? Before its too late? |
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I gotta get out of here. I've got a bunch of work to do...
ya me too... the more the price goes up the harder it is to work +1 i keep getting distracted too from work lol |
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cypher's Rerack:
Gold: -7%
Bitcoin: +40%
Diff: +47% advantage Bitcoin
silverbox long: GPL -18%
cypher short's
GLD: +0.57%
RGLD: +6.18%
GG: +14.08%
SLW: +3.95%
SLV: +3.14%
Wow big rally! well...not really ...but still |
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"Why am I not an early adopter? It's not fair! Restart the chain so I can become rich too"
Seriously? Again?
Spoken like a true EARLY ADOPTER! LOL!! Good job buddy! |
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Everything is on the namecoin forum: http://dot-bit.org/forum/index.phpName coin is vulnerable under the attack from the bitcoiners who hate name coin
with merged mining it is pretty safe from 51% attacks. there are some important updates that need to be done, though. A currency is for trade, and you can't trade if you don't talk. Where is the discussion?
Namecoin is not a currency though. It is a DNS system using Bitcoin's blockchain. Namecoin is as much a currency as Bitcoin. Can't say it often enough, Namecoin is not a DNS system. Namecoin is a generic name/value storage system. dot-bit is just the first project based on Namecoin. There is no motivation to make it easier to use because they need to register all the domains and squat on them first.
naa, we have squatted enough already  Actually there are a couple of things going on lately: * Very easy .bit browsing via foxyproxy or dns-suffix or website proxy: http://dot-bit.org/How_To_Browse_Bit_Domains* Version 3.5 with a couple of improvements (performance, sendtoname) * NMControl: http://dot-bit.org/forum/viewtopic.php?f=8&t=525* Extra Namecoin Website * ...? Namecoin has a lot of potential: http://dot-bit.org/Use_casesOnce again mass centralization of all the good domain names...makes namecoin pointless for wide spread adoption. You may as well consider it the namecoin clubhouse because you guys are the only ones who will own domain names that have any value. Perhaps a restart of namecoin? Then you might get a better turn out of interest. At least litecoin had a launch date ...  |
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I am not a Litecoin hater. I just think it is irrelevant.
What exactly is irrelevant? And who said there had to be any relevance to bitcoin? Not relevance to Bitcoin, but relevance to any chances of litecoin's long term success. You guys will not like what I say. Indeed, there likely will be a "silver" to Bitcoin's "gold" but it is not litecoin. Of course, hashing algo like scrypt(bcrypt(sha512(whirlpool(GOST(whatever(data+nonce...)+nonce)+nonce)+nonce)+nonce) would be a great thing to have. But this and some other minor tweaks are simply not enough to breach the network effect of Bitcoin. The "silver" crypto currency must be much more fundamentally different from Bitcoin and complimentary to Bitcoin at the same time to have any decent chances of success. Litecoin simply ain't it. I disagree. Look at cars (ford, honda, toyota, ...etc.) as just one example of where your "theory" (because you nor no one else knows the future) is flawed. Honda, Toyota, Mistubishi, Chevy, etc...took the same concept of an "automobile" and copied it and made it their own. Yes they aren't designed identically, but the idea is the same. Just like pepsi and coke. Coke was first and pepsi came along and change a few things (since most of the ingredients is water)...and voila....success. So no Vladimir, most of the time I am in agreement with you, but here I do not simply because your theory fails to hold up in real world examples that are plainly obvious. |
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Did you get an IP address or range for the DDoSer?
Wouldn't doubt it is SC related community...kinda find it hard to believe that Luke-jr would do that...given there are so many litecoin pools now. |
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... Okay I'm convinced...thanks Show how convinced you are by putting up some bounty ... rather than going on about when it will be ready and expecting it to hurry up and be free for you ... Well I'll have you know that I'm not even mining at all. Hence me selling hardware.... Pay attention bro and keep up...lol It was just a question. calm down hehehehe |
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1. Work on Litecoin with a large Bitcoin project makes people more secure about trying it (if you saw a large corp adopt a product wouldn't you feel better about it?) and opens it to people that didn't know about it before. 2. If mining is easier more people will adopt it and therefore it will grow. If more people adopt it there will be a larger demand for it. 3. If it crashes and burns in the future a more efficient miner means us early adopters get more litecoins, and that means we might end up getting rich at another bubble. (Doesn't really apply to your question, but its a major plus nonetheless) Okay I'm convinced...thanks |
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I am not a Litecoin hater. I just think it is irrelevant.
What exactly is irrelevant? And who said there had to be any relevance to bitcoin? |
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