Overall psychology in the currency markets is a vile hatred for inflationary fiat currency. So the bitcoin, deflationary, tightly reigned in finite model is well received. Any attempt to "better" bitcoin with more units by some great degree is bad as the current psychology is a true hatred for any model that even speaks to inflationary.
Clearly, an inflationary coin cannot have the same success pathway of Bitcoin, with people simply hoarding it. Maybe just for the first leg, when it starts from zero. After it has reached a decent value, you need to spend it or face the inflation tax. On the other hand, if the inflation tax is small, it's earned by charities and the result is a decent coin that is stable and drives trade, than it could kill bitcoin for mere practical reasons. Most people are not that dogmatic about inflation and understand full well they shouldn't keep cash as is. "Store of value" is antithetical to "money". Right. We need a digital gold and a digital currency, and its become somewhat clear they cannot be the same thing. The problem is that even if the coin has permanent inflation (unlike Bitcoin's "still inflating for the rest of our lifetimes" model), a rapid appreciation in value (relative to fiat) will cause the coin to not function as a currency. And, a rapid appreciation in value will happen for any coin that is useful, making it suck, at least temporarily, as a currency. So its difficult problem to solve, regardless of the coin's economics. Having some method for adjusting creation rate in the future, may prove to be quite useful. Having said all that, Bitcoin has now been around for over 4 years and its time for a legitimate alt coin to be created that actually offers some possible actual improvements. If mining consolidation is really a strong concern (or the strongest concern), the solution is not scrypt (or anything that at best temporarily retards that consolidation), the solution is PoS or a PoS / PoW hybrid. It looks like one with a good implementation may soon be born. |
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I have a few hundred chips in zefir batches and a much smaller number (26) in the ragingazn628 buy. I'd like to have some of those chips assembled in the US as a hedge because while I'm predicting that Burnin is going to do great work, the shear volume that is coming his way (could be 50000 or more chips) plus the fact that his design accommodates a max of 20 chips, means he's going to be extraordinarily busy. Since speed is of the utmost concern, I'm definitely interested in spreading around the chips, so if you are open to chips from Zefir, then I'm definitely interested.
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BFL = Big Foolish Lumps
Cancel the order, buy GPUs and mine Litecoin. ASICs will kill BTC anyway. ASICs will inevitably cause the centralisation of control and kill BTC just like it did fiat.
You realize that there are probably 50-100k people between the ones who have ordered from BFL, and the ones that are part of a chip buy from Avalon? Asics are not causing centralization. |
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conv3rsion; 100; 8.6; 1QEtvrHcTZ7oKhJzBcjTyXHphcsY1skJVH
(i also have 100 in batch 4, so my total is now 200)
Thank you very much!
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Are there any chips left in batch 6?
edit: just did the count, looks like they are gone.
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Idiots must tip John.
i agree with you. John it looks like I'm at 26.44 chips, please take the overage as a tip to make it 26.00. |
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John I don't think this has made it into the spreadsheet yet, my total should now be 26 chips. Thanks! It's already in since posted that update - I've even highlighted it in red for you now. I was looking at the wrong spreadsheet, I'm an idiot, my apologies. |
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John I don't think this has made it into the spreadsheet yet, my total should now be 26 chips. Thanks! |
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I like the 16 chip idea... and the little bitty ones with single chips.
yea that sounds awesome. |
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5 BTC transfered.
5 BTC should be 64 chips ?
=> 4 modules a 16 chips ?
check the spreadsheet for totals. 13 chips is 1.0744 |
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i also vote for a deadline, there are lots of chip orders going in and we don't want to be behind more than we already are.
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I'm happy that you are doing a buy, but I really got to wonder if Burnin can handle all of the volume that is coming his way.
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if we could have the breakdown of the BOM, labor, heat sink , fan, pcb and usb connector would be great. if someone order 500 chip they will need to
have 50pcb x 80 Euro? 4000Euro on your part? since he is ordering so many pcb and other parts would they be some kind of a quantity discounts?
I'd really appreciate if this question could be answered as well. Why? He already stated, no matter how much you buy, you pay 80 EUR per piece. No discounts. actually he said he can made 20 chip boards for 100 EUR |
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Will you be replying to orders to confirm them?
he doesn't need to confirm them, its in the blockchain. he's made this point at least 3 times. |
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PS: The spreadsheet says that the pledges are full (782.34860001/782.1), but there's still around 95~ BTC to be filled from delayed paying pledges.
when do you anticipate removing non payers? |
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Yes, it's first-come-first-serve at the moment.
So... if I sent in more BTC, I could get more chips?  Yes, of course. Apart from RagingAzn628 and Ataxx's pledge (where both promised that they'll clear in this week), anyone else who did not communicate with me regarding their payments will be kicked if more funds come in. How much is currently outstanding? |
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For all the people with large number of chips, the most feasible option would be a double density board with 20 Chips at about 100eur.
Even larger boards would pose problems that I don't want to face, doing such a time-constrained project.
This would be awesome, for 100 chips I'd much rather deal with 5 units then 10, and it would probably be much faster for you to assemble and test. Thanks Burnin. |
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A bigger machine is also an interesting idea. No matter what you do I really do hope you succeed. This takes some guts and the community is better for people like you taking a chance.
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