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Dwolla changed their API, MtGox is setting things up to work with the new API until that is finished transfers will be delayed.
Or that is what is going on.. Lol, I may be getting carried away just a touch.. Still, I hope for the traders' sake that they all stay blissfully Van free... Enjoy it while it lasts, gents, this is still the golden age for the wild wild BTC west  |
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Also, a little anecdotal story, for anyone doubting the Black Box's very real power: In the mid 90s, during the fiber optic buildout boom, a close friend of mine worked on architecting an AT&T inter-continental fiber switching terminal in the Bay Area (west coast of the US for non Amercians ). Towards the end of the project, NSA came in and restricted access to the main switching room. He is almost certain that they mirrored the connection and pointed it directly at a huge datamining operation that was housed nearby in what amounted to a very large bunker. Essentially the government is very likely archiving every packet of traffic sent by anyone at a few key junction points. They have likely been doing this for 15+ years. They are likely getting close to having the computational power and algorithmic wherewithal to parse these many exabytes (zettabyte?) of data. I know this may sound perilously close to tinfoil hat club territory to some of you, but again, if you think that the CIA/NSA/SS is going to simply allow BTC to threaten the primacy of the USD in this country completely unchallenged, I think you'll find you are sorely mistaken. I know big brother is already between us, and with our own consent. But, on the other side, copyright piracy hurts US economy by the billions. So, why don't they enforce them all ? Right - its about resource allocation.. Personally, I think they are likely combing this data for domestic terrorism threats and testing out refinments to parsing algroithms. I doubt really whether the NSA could give two flying fucks at a rolling donut about the RIAA. |
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yesterday was the shumer/manchin release, Correlation? and I have funds somewhere between...  Jeez, and people were calling me paranoid when I said they would go after the exchanges first... This was to be expected, maybe not this fast, but certainly sooner rather than later. EAs who have cashed high dollars - get out of the country while you still can. |
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I'm starting to sound like a broken record, but Schumer et al. have *not* called for shutting Bitcoin down. I haven't read anything where they even call for investigating it. They want Silkroad taken down.
And when they find they cant actually behead SR on a whim, or at least without a seriously concerted SIGINT effort (taking away resources from things like, oh , i dunno, parsing cell phone traffic and automating voice recognition and algorithmically translating arabic, etc etc) they will go after the exchanges. Just my prediction. Happy mining! |
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Oh, geez. Where's J.C. Denton when we need him?
Great game But seriously, this is not far fetched. My friend doesn't know exactly what was done in that terminal, just that it was very very secretive, and verifiably NSA. He's much smarter than me and I'm inclined very much to trust his assesment of that situation.. Anyway.. none of this shit is particularly germane to this discussion, I apologize for the semi derail. Personally, I'm going to continue happily mining, and hoarding, and exchanging BTC directly for goods/services. Currency exchangers are well cautioned to be extremely careful. |
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Also, a little anecdotal story, for anyone doubting the Black Box's very real power: In the mid 90s, during the fiber optic buildout boom, a close friend of mine worked on architecting an AT&T inter-continental fiber switching terminal in the Bay Area (west coast of the US for non Amercians ). Towards the end of the project, NSA came in and restricted access to the main switching room. He is almost certain that they mirrored the connection and pointed it directly at a huge datamining operation that was housed nearby in what amounted to a very large bunker. Essentially the government is very likely archiving every packet of traffic sent by anyone at a few key junction points. They have likely been doing this for 15+ years. They are likely getting close to having the computational power and algorithmic wherewithal to parse these many exabytes (zettabyte?) of data. I know this may sound perilously close to tinfoil hat club territory to some of you, but again, if you think that the CIA/NSA/SS is going to simply allow BTC to threaten the primacy of the USD in this country completely unchallenged, I think you'll find you are sorely mistaken. |
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This is not going to shutdown bitcoin, a the act of buying/selling is illegal, not the currency or means used.
You haven't got anything to worry about unless you are participating in illegal activity.
Converting BTC to USD will be declared illegal soon enough. |
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Im sure the NSA has a couple of engis profiling BTC traffic as we speak. Its is certainly conceivable that they could go for the throat and cripple that traffic with trunk router level packet sniffing, but your risk personally if you have never converted fiat to BTC or vice versa is very low, only that you may have a couple of Linux boxes with a shit ton of GPU horsepower and lousy CPUs generating quite a bit of heat and noise curnching lots of numbers for no very good reason  I reiterate, anyone currently cashing out should be doing it as quickly as possible from a non-extradition treaty country. EAs with multiple hundreds of thousands of BTC, I'm looking squarely in your direction.. |
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Okay. Let's try a different approach - if Bitcoin is declared illegal goes completely underground, how will I use it without great risk to my personal safety? If Bitcoin users could actually pull that off, then we have a real fight on our hands, instead of a series of brutal raids on our homes.
The real danger occurs at the exchange level. If all you ever do is mine bitcoins, and then either hoard them or trade them directly for goods/services, you *should* be fine. Once you start turning BTC into fiat, USD particularly.... Expect high levels of scrutiny, sooner rather than later. King Whitehat is coming. |
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My floor safe agrees..
I've done tremendously the past 3+ years shorting USD in currency markets.
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i forgot that the US govt can arbitrarily shut down a company based in Japan.
Now Dwolla would be a bit more dicey...
Also, you think the NSA would have a hard time doing this covertly? Or would hesitate, at the Secret Service's behest, to behead any of these emerging exchanges? They wouldn't, and they wouldn't, I assure you. We need a TOR exchange. Now. and preferably with SSL/TLS at the exit nodes REQUIRED to transact. |
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i forgot that the US govt can arbitrarily shut down a company based in Japan.
Now Dwolla would be a bit more dicey...
You think the US govt. would have a hard time convincing any government that could be a potential host to an exchange to allow it to yank said exchange, especially an ally like Japan? Gox could get darked with a couple of phone calls from the State Dept., I assure you. |
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Semantically, I agree with OP - virtual currency does sound like BTC is inherently, i don't know, fake. Cryptocurrency sounds too spooky for the layman.
Digital? Thats a hot little buzzword still, 15 years out.
Now if we could only get Jonathan Ive to design Brushed chrome and glass BTC USB "wallets", we'd be set forever.
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They can't shut down BTC.
They CAN shut down the excahnges, and will. Soon.
Anyone in the US who has cashed via Gox/Dwolla should be concerned also.
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I was going to post a little informative blurb to the commenters ( agree with #2 above, commenters seem genuinely interested - now we just have to kepp them AWAY from this forum or they'll run for the hills  ) on security, anonymity and the blockchain, as it seems there were some questions regarding double spend etc etc... But then, MaxPC makes you register to post. TL;DR.. |
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Are you all fkin serious?
Yes, please, by all means give King Whitehat more reasons to roar into our quiant little utopian fantasy town with a Grade 1.A Thunderfuck....
OP, you do realize that even casually mentioning murdering the President is actionable, right? And considering the level of scrutiny being applied here.. I would be very VERY careful about making such statements so casually, if I were you. In a PUBLIC forum??
Mindbogglingly stupid.
For all the handwringing about Bitcoin's "image problem", this forum and its unrolling archive of casual chat about revolution, assasination, CP, etc etc etc is an absolute goldmine for any anti-BTC PR type with 10 minutes to do a few forum searches..
FFS, irc exists for a reason.
Big Brother IS watching.
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+1 for original idea :-)
even with the bitcoin as the Os in Satoshi, that won't be super obvious at a distance. you want to come across this guy in the street and be like, whoa... are you... that guy?
don't you? :-)
I would guess that outside of this forum, less than 1 person in 1 000 000 would get it. People would just think " OK, you're satoshi. That's nice, Mr. Satoshi. Good luck" That said, I really really want one. Even scribe's simple helvetica shirt would work. Just pay for it in BTC... |
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I'm in it for the freedom.
Unfortunately, freedom in our society means having enough currency to live comfortably. This is the same in many parts of the world. Somehow, through the actions of billionaires and over-paid executives, we've gotten into this 'guilt' syndrome when it comes to wealth. It is okay for a celebrity to have millions, but no-no-no, not someone just wanting to live in a modest house and perhaps tend a garden when they feel like it.
I see bitcoin as payback for every abusive fee, every shortsighted policy, every time someone with control over the monetary system
took advantage of the regular joe/jane just because they could. This is the great equalizer, folks, make no mistake. If I were you, I'd inform anyone you care about exactly what bitcoin is and what it could do.
Stand up and say 'no more'.
Bitcoin, or nothing.
Agreed. I would guess that 95% of this community would *like* to profit from either mining or trading BTC. There is a smallish minority for whom the ideological implications outwieght the economic considerations. But if I had to guess, those guys aren't hurting for money either. Personally, My three miners are paid off, and im comfortable @ 1.5 Ghps. This was my plan 6 weeks ago. Everything from here on out is gravy. I'm in it for the money ERRRRRRRRRRR freedom to sell less of my time to another employer. |
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I think your PSU is frying or possibly the molex splitters. 850 is a bit low to try to run trifire 5870s.. the TDP on these cards stock is 188W, but anecdotally they've been reported to draw as much as 210-215W under 100% load. So lets call your 3 STOCK 5870s 600 watts. plus the rest of your system. If your gold raidmax are giving you 85% efficiency, you're getting around 720 W peak power.. You're definitely skirting it close.. As for the OC edition cards, you are definitely past the envelope.
Hopefully all you lost was a psu.
Next time you want to trifire on 1 PSU, get at least 1kW, preferably >1.2
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So throughput according to my simplecoin account is drastically either:
A. Underaccounted by the pool itself
or
B. Underreported by the accounting software.
POCLBM console never dips below 375 Mhps.
Simplecoin.us first update showed 315 Mhps. Second update showed 301 Mhps.
Aggregate Ghps for pool also seems to fluctuate wildly, although in a small pool, that seems not unreasonable..
SC, what's the deal here?
Hash rate is not direct from your miner, rather it accounts for the number of valid shares, over a given amount of time. Some shares take longer to hash out. So this is reflected in your MH/s! But the number of hashes my GPU computes per second is a fixed (essentially) number, regardless of how long the share takes to hash. 1 second or one century, my 5870 outputs ~380 Mhps... What am I missing here? |
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