My gosh, I was an early adopter. Why the **** didn't I back up those coins. doah! D |
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Thank you Gavin. I have been waiting for a senior developer to weigh in and add to our collective perspective.
Kudos,
Dalkore
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Heads up:
Something happened, I am seeing 145/Ghash with 0 (zero) workers right now, it was over a 1,000 Ghash a few mins ago. Can't reconnect.
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Oh heck guys, u so funny. I'm lolling so hard right now.
me too. I need to leave, I am already an hour late. LOL |
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Your post advocates a
( ) technical ( ) legislative ( ) market-based ( ) vigilante
approach to fighting collectively managing Bitcoin. Your idea will not work. Here is why it won't work. (One or more of the following may apply to your particular idea, and it may have other flaws which used to vary from state to state before a bad federal law was passed.)
( ) Hackers can easily use it to harvest Bitcoins
( ) Bitcoin Wallets and other legitimate uses for Bitcoin would be affected
( ) No one will be able to find the guy or collect the money
( ) It is defenseless against the 51% attack
( ) It will slow down difficulty increase for only two weeks and then we'll be stuck with it
( ) Users of Bitcoin will not put up with it
( ) BFL will not put up with it
( ) The police will not put up with it
( ) Requires too much cooperation from the Bitcoin Network
( ) Requires immediate total cooperation from everybody at once
( ) Many Bitcoin users cannot afford to lose business or alienate potential exchange partners
( ) Hackers don't care about your feelings
( ) Anyone could anonymously purchase black market goods with Bitcoins
Specifically, your plan fails to account for
( ) Laws expressly prohibiting it
( ) Lack of centrally controlling authority for Bitcoins, like the U.S. Dollar
( ) Open trusted nodes to foreign governments
( ) Ease of searching the public transaction addresses removes your privacy
( ) Asshats
( ) Jurisdictional problems
( ) Unpopularity of forking the Bitcoin to solve your problem
( ) Public reluctance to accept weird new forms of money
( ) Huge existing software investment in GPU
( ) People are going to ASIC, get over it!
( ) Willingness of users to install any beta wallet client no matter who made it off even if its open source
( ) Armies of malware riddled rent-less, free power GPU mining boxes
( ) Eternal ASCI arms race involved in all mining approaches
( ) Extreme profitability of deflation
( ) Extreme profitability of inflation
( ) Technically illiterate politicians
( ) Extreme stupidity on the part of people who do business with Bitcoin users and businesses
( ) Dishonesty on the part of Bitcoin users themselves
( ) Electricity costs that affect mining equipment profitability
( ) Linux
and the following philosophical objections may also apply:
( ) Ideas similar to yours are easy to come up with, yet none have ever
been shown practical
( ) Any scheme based on central issuing authority is unacceptable
( ) Blacklists suck
( ) Whitelists suck
( ) We should be able to talk about anything without being censored
( ) Countermeasures should not involve wire fraud or credit card fraud
( ) Countermeasures should not involve sabotage of public networks
( ) Countermeasures must work if phased in gradually
( ) Sending Bitcoins should be free
( ) Why should we have to trust you and your servers?
( ) Incompatiblity with open source or open source licenses
( ) Feel-good measures do nothing to solve the problem
( ) Temporary/one-time Bitcoin addresses are cumbersome
( ) I don't want the government knowing all my financial tranactions
( ) Killing them that way is not slow and painful enough
Furthermore, this is what I think about you:
( ) Sorry dude, but I don't think it would work.
( ) This is a stupid idea, and you're a stupid person for suggesting it.
( ) Nice try, assh0le! I'm going to find out where you live and burn your
house down!
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Nope, just a content requirement.
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Let me know when you find a perfect human being.
That is your response, give me a break. That is what I thought. |
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The change in the U.S. labeling laws really bothers me. I can't believe this is the game they want to play to prevent people from knowing what they consume.
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sounds like you should stick with usd. bitcoin at this point in time is not ready for Gavin's grandma but when it is perhaps you will be ready to use it.
welcome to the real world, mi amigo. yes there is greed all around us. I argue, however, that wallstreet has more greed than bitcoiners.
Why are you speaking to me in Spanish? I'm not Hispanic. and please refrain from "welcoming" me anywhere. You are nobody besides a poster on a Bitcoin forum. What authority do you have to welcome me anywhere? and yea, argue all you want. I'm not arguing anything just stated how I feel. If my opinions offend you... well maybe you're the one who needs a reality check. Opinions are all around us. Speaking of grandmothers, my grandmother is more tolerant than some of you. This guy is a plant, maybe someone should ban him for being disingenuous. I am serious. Please prove that I am a plant.. the biggest irony is you're being disingenuous even that much more. I am serious. And this is exactly what I'm talking about when I say special interests. You've got a mining company or something going on.. Wow good for you, but to censor my opinion makes you the biased shill, or "plant". You employ yourself coming from a biased standpoint. Get real. If anything is bad about Bitcoin and the world in general, it's exactly people like you. Ok, you want to call me out, I will explain my reasoning. Just read the totality of all your posts on this thread and see how you tactic changed from post to post trying every little angle to see what is effective. At first you were this mis-understood person that JUST couldn't get the words out so we could have sympathy. Then as more of the serious members come in and start challenging you, slowly (a miracle), you got your voice and your opinion got more and more complex right before out eyes. It vastly expanded, like magic. Now you a full grown man or women, with lots of big words and structure sentences. Now, to the point you made about my mining company. I mine for two reasons, I can do it profitably (sustainable at the moment) and it supports the network. I actually first mined in the Spring of 2010 when I heard about this concept and thought it was going to just be a hobby project, wow, look at us now. I actually have not actually used my words thus far to push anyone in either direction when we are talking about BTC in this thread. People can do what they want, I was just address these comments you are throwing around. I actually have seen this post for a little bit and wasn't going to read it because I knew this was what is was going to be. Guess what, I was right, shame on me. D |
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sounds like you should stick with usd. bitcoin at this point in time is not ready for Gavin's grandma but when it is perhaps you will be ready to use it.
welcome to the real world, mi amigo. yes there is greed all around us. I argue, however, that wallstreet has more greed than bitcoiners.
Why are you speaking to me in Spanish? I'm not Hispanic. and please refrain from "welcoming" me anywhere. You are nobody besides a poster on a Bitcoin forum. What authority do you have to welcome me anywhere? and yea, argue all you want. I'm not arguing anything just stated how I feel. If my opinions offend you... well maybe you're the one who needs a reality check. Opinions are all around us. Speaking of grandmothers, my grandmother is more tolerant than some of you. This guy is a plant, maybe someone should ban him for being disingenuous. I am serious. |
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That's the point of the United States' checks and balances of power.
What checks and balances of power? The ones that are bought and influenced by special interest groups called humans conning other humans. It's inevitable. There world is spiraling into chaos and reason is slowing it down. but you cannot reason with the unreasonable. inevitably, you will make a mistake in judgement, thinking you can. Like for example, electing Obama for president was a mistake in judgement I would say. he was hoping to be president and he got his dream. What did we get? nothing. OH NOW HE HAS A VOICE. YOU HAVE GOT TO BE KIDDING ME. I hate trolls like this, they are the worst. |
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I'm sorry, I'm not knocking Bitcoin. I just don't think it's any better in theory than anything already tried before. In fact it's worse by many standards.
Remember, this is what I feel. You may not feel the same way.
I use the United States as the best example of why I believe Bitcoin is doomed to fail, even if it was truly democratic, or even worse, completely stripped of democracy which some feel is best. and why I say this is bad is because there is no more accountability of words and actions. Everything is anonymous, void of personality.. and mind me for saying this I really think it's utterly stupid, considering this fosters the rising up of a cult-like following, inevitably, where fear of the strong takes place of justice for those who are at less of an advantage in this setup.
First, list all the monetary theories you have read. You don't even want to see my library. I bet your using the United States because that is the "only" one you know and you live their. How about this, the U.S. dollar has already failed by some metrics. Nation is close to GDP. Is has lost 98% of its value since its current inception (FRN), even while it had a mandate to maintain purchasing power. We have unfunded liabilities to the order or 54 trillion dollars and growing. We import over 70% of all our finished goods. And to top it off, we still import over 14 million barrels of oil a day, ON A DEFICIT. So tell me by what measure can you even compare the two? |
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Look, I'll be kind because it's morning, I just woke up 30min ago, am still in a good mood after stretching my body so I'll explain it to you. Why you don't have a point has nothing to do with the way you presented your point but everything to do with the validity of your point. Your point is invalid. Now the reason you don't think so is simple too! You lack the appropriate market regulated by strictly market consumers (i.e. free market) economics literacy. In other words you are illiterate in free market economics. And that's all there is. You just haven't learned all the economic principles most people around here know to be true not because they think so but because they test these principles over and over and over again in their daily lives and they always turn up to be true. Now it's pointless for me to go into detail explaining what these principles are if you don't recognize your illiteracy and aren't open to learning them. If that isn't the case however you can head on over to www.mises.org and start learning, they have an amazing collection of reading material available in large part for completely free. What material does an elephant need to learn to have the intellect to run away from shore hours BEFORE a Tsunami producing earthquake hits? See, I believe in intuition and other things. Hence I don't need to speak YOUR language to know what is true. Neither did those animals who ran from the coast hours before the earthquake. http://baltimore.cbslocal.com/2011/08/25/strange-behavior-detected-in-animals-before-earthquake/ Everything living has a need, and that is the root. I can know instinctively when there is no root in something. I don't need to know economic jargon or any principles, although it WOULD make me some more literate as you mentioned. It's not necessary, in order for me to know the truth. Now we can end it here or I will gladly continue. I've got nothing to lose. Perhaps I'm wrong. Perhaps I have NO point. If so then carry on in another direction. but when it comes to mocking me, belittling my sense of understanding, or censoring my opinions.. that's when it's confirmed within me that this is a failure. Don't sit here and try and play stupid after you went off and wrote a bunch propaganda against Bitcoin and then you sit here trying to get sympathy because you can't not express your word properly. You are a joke, I will give every person the ability to grow and learn, so who knows, maybe we will even be friends? Until then, why not try reading and listening more before you come here throwing around such large opinions here that you know is going to get people on here expressing their own. D |
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When you have a problem with your US Dollar, SOMEONE is responsible.
When you have a problem with your Bitcoin, NO ONE is responsible.
"Ok" you say. "What's your point?".. **WHOA**
To think I would make a thread without a point.. to troll.. to draw attention toward myself... Is that goal merely all I sought in sharing this opinion?
NOPE.
This is a HUGE observation.
BITCOIN is a currency that has NO CENTRAL AUTHORITY. This you might know, as most do, but do you know really what this implies and how this is NOT to your benefit?
Now you can respond and say I'm crazy, or you can actually think it through. Is this really better?
If government and people were ONE... the US dollar would be perfectly fine.. but BITCOIN being the solution? No I can't imagine that. I'm so sorry. You personally might be finding a use for it but that does not justify it on the level I am speaking.
Think about this: If the United States is failing, how is Bitcoin going to succeed? and why does the United States fail? because the people are failing. The very people you trust to manage their own Bitcoin based world. People will always be people! Bitcoin is no exception.
There *ALWAYS* need to be someone or something responsible for everything.. Bitcoin is chaos. The United States is Chaos. Why? Because people are Chaos and do not generally look for collective solutions unless a shallow inward incentive is sold to them. A shallow interpretation of freedom is that very incentive peddled upon the ignorant majority, employed/preached in every system doomed to fail.
I'm sorry Bitcoiners.. this is not going to work out logically for you.
The OP is utter garbage. The whole reason Sastoshi made BTC was to take control of a exchange unit out of the control of few people and put it into a different system of management. I think this is just trolling of the first order. No one said BTC was the solution, just an alternative. What ever agency sent this shill should please try and give a higher quality shill in the future. D |
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The way I see it:What's easier to 51% attack,a 10TH network or a 250TH network............................... I just don't see Bitcoin being centralized at any point,sorry. BTW,I was hacked on MTgox & was told "call the police & get a report & send it to us",guess what the police said........wtf are BTC?  ...what do you want us to do? .............I don't think any gov agency will have anything to do with BTC anytime soon,(unless SR gets too big & money laundering gets out of hand)maybe many years down the road,MAYBE. The local authorities are not an issue and sadly like you experienced, not much help either. A 12+THash (current avg) network is actually impressive by using off the shelf hardware and some specialized hardware. I am unsure the costs at this stage are going to be worth the network speed increase. We are assuming bigger is better. Profit Incentive is a very important aspect of the BTC concept. It is what allows many disassociated parties to collectively work towards a common goal in not a purely socialistic or communistic manner other than the important fact that we all share in the benefits of the network. |
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Exactly my thoughts.
Automobiles should never have been allowed, because their success caused the demise of livery stables, horse whip manufacturers and horse buggy manufacturers.
Or maybe automobiles should have be allowed after all, but the ordinance that a man with a warning bell walks in front of them should never have been rescinded.
I would say we should ask a different question that accurately describes what some of the ASIC detractor's more serious claims. I would propose the question would be: "How many cars would be on the road and in service if to have Cars (read: ASIC) on the road meant we had to shoot 98% of the horses" I say it in this extreme manner because the effect of the ASIC technology is effectively doing that. Sure, just like with the horses analogy, we still have horses around that are used for transportation. But all in all, cars or some variant of them is used for ground transportation that doesn't involve walking. I consider this the credible and serious question being asked of this transition. This is a point that I believe we are not fully evaluating. I am not dismissive to this question. Thoughts? Dalkore |
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GPUs could potentially be profitable (with free electric), and FPGAs as well (with cheap electric), at least at the beginning of the ASIC rollout. The resale value won't be that high, but with the nearly insignificant electric draw why, would you not mine with them?
I am not sure about this in the long-run because of rent. Now if you have free electricity, free rent, sure maybe sometime down the road, as long as your GPU doesn't die, it can be profitable on a relative basis to not running GPUs at all. This assume difficulty skyrockets which I believe it will around Dec-Jan. Dalkore |
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