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the more bitcoin is used for retail transactions, the more stability it will have. i honestly believe that is were the current stretch of stability is founded on, with silkroad accounting for a large percentage of the transactions.
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i think fliers/pamphlets with some basic information highlighting some specific bitcoin benefits that align with libertarian ideals, with some urls for further reading is a good way to go.
i know for me, all it took was getting started reading about bitcoin to get me hooked.
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what kind of open source license would the design most likely fall under, specifically what are your thoughts on commercial entities ability to use the design?
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i don't understand what would be funded that would create so much mass appeal?
Did you look at it? It's an e-paper watch that connects via bluetooth to your phone. He's talking about the OP's subject. Why would Bitcoin attract this kind of funding? How is Bitcoin comparable to a bluetooth watch? yeah this. the watch is cool as hell. |
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i don't understand what would be funded that would create so much mass appeal?
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I don't agree with you that people should avoid making any type of prediction. I think a reasonable prediction is that investing 2 TH when the network is currently 10 TH would yield somewhere between 16.7% and 20% of hashing power.
Anyways, it isn't worthwhile to discuss future events with someone whose only position is that no one knows what the future holds.
i disagree with you that its a reasonable prediction that we will see ANY drop off in hashing power. as i said, there are just too many variables. how does your prediction take into account potentials like a nice increase in bitcoin value (which historically shows a correlating increase in network hashrate)? in say butterfly labs shipping singles and mini-rigs in quantity? in potential new companies sprouting up delivering economical mining machines? or the numerous other potential events that are realistic? your forecast is about as valid as a professional weatherman trying to predict the weather on a single day 6 months out. just too many variables, and the further out you try to forecast, the less valid your predictions. maybe we see a drop off, maybe we see relative stability, maybe we see a network power increase. why you think you have special insight and skills of prognosis professional forecasters repeatedly show not to be in possession of, is either overconfident or delusional. |
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point is, you said 'difficulty will double' causing lots of miners to drop out, but failed to mention this would cause difficulty to drop again.
It's the kind of thing I expect people to realize without mentioning it explicitly, and it doesn't change my point. i'm speaking on the straight math, no assumptions, no predictions. nobody knows the full impact if this company ever launches. nobody knows what gpu miners might do (like selling their gpu's and buying fpg's) or if a retail asic option would become available, so safest not to make any assumptions. as to people generally realizing that you have to double current hashrate to gain 50% of the hashing power, numerous and repeated postings on these forums speak otherwise. you most often find it in a statement like, "well if he got 1.2TH hashing, he'd have 10% of the network.". What? Of course you are making assumptions. Unrealistic ones. which assumptions am i making? You are assuming that the number of other people mining will remain constant as difficulty rises. If you believe people who say that a 51% attack attempt will decrease price, you are also assuming that the number of other people mining will remain constant as price falls. no, the exact opposite. i'm saying that nobody can predict what will happen, and making predictions with arbitrary percentage drop in hashrate is a terrible idea. |
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point is, you said 'difficulty will double' causing lots of miners to drop out, but failed to mention this would cause difficulty to drop again.
It's the kind of thing I expect people to realize without mentioning it explicitly, and it doesn't change my point. i'm speaking on the straight math, no assumptions, no predictions. nobody knows the full impact if this company ever launches. nobody knows what gpu miners might do (like selling their gpu's and buying fpg's) or if a retail asic option would become available, so safest not to make any assumptions. as to people generally realizing that you have to double current hashrate to gain 50% of the hashing power, numerous and repeated postings on these forums speak otherwise. you most often find it in a statement like, "well if he got 1.2TH hashing, he'd have 10% of the network.". What? Of course you are making assumptions. Unrealistic ones. which assumptions am i making? |
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point is, you said 'difficulty will double' causing lots of miners to drop out, but failed to mention this would cause difficulty to drop again.
It's the kind of thing I expect people to realize without mentioning it explicitly, and it doesn't change my point. i'm speaking on the straight math, no assumptions, no predictions. nobody knows the full impact if this company ever launches. nobody knows what gpu miners might do (like selling their gpu's and buying fpg's) or if a retail asic option would become available, so safest not to make any assumptions. as to people generally realizing that you have to double current hashrate to gain 50% of the hashing power, numerous and repeated postings on these forums speak otherwise. you most often find it in a statement like, "well if he got 1.2TH hashing, he'd have 10% of the network.". |
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Below is from Wikipedia. The reason why I post it and not other stuff on the page is that most everything in this post is well documented by audio. So it is really not up to conjecture that Zimmerman followed Travan who was walking legally in his own neighborhood. What would you do if some stranger followed you?
So let me see if I understand you correctly, you are saying people have the right to assault and jump someone from behind and break their bones for being followed, is that right? i would say yes, if someone is following me in a car while i'm walking down the street, and i'm scared enough to run away, and that person chases after me through backyards, yes, physical violence against that person is justified. I look forward to reading your assault and battery conviction  in which states do you feel following a pedestrian in a car, then chasing that someone through residential yards at a full run, doesn't create a situation where the person being followed/chased would be interpreted by the courts as being reasonably in fear for their life or in danger of bodily harm? i can't think of a single district that would be sympathetic to a self defense plea by the aggressor where they followed, then chased, then accosted someone, specifically when the situation didn't occur on the aggressors property. San Francisco and it has happened to me. woefully inadequate amount of detail if your case does indeed have any parallel to the above situation. and a single fringe case does not a general interpretation make. maybe you missed the question, but in regard to you asking others if they were lawyers and offering a general air of legal expertise, are you a lawyer? |
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don't forget that to gain x% of the network hashing power, you can't look at the current hashrate, and do a straight percentage.
for example, to gain 50% of the network hash power, someone would have to have a hashrate equal to the current entire network.
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i agree that skipping the faces would be best. do a google image search for cryptography, and browse various cryptographic devices through history.
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Below is from Wikipedia. The reason why I post it and not other stuff on the page is that most everything in this post is well documented by audio. So it is really not up to conjecture that Zimmerman followed Travan who was walking legally in his own neighborhood. What would you do if some stranger followed you?
So let me see if I understand you correctly, you are saying people have the right to assault and jump someone from behind and break their bones for being followed, is that right? i would say yes, if someone is following me in a car while i'm walking down the street, and i'm scared enough to run away, and that person chases after me through backyards, yes, physical violence against that person is justified. I look forward to reading your assault and battery conviction in which states do you feel following a pedestrian in a car, then chasing that someone through residential yards at a full run, doesn't create a situation where the person being followed/chased would be interpreted by the courts as being reasonably in fear for their life or in danger of bodily harm? i can't think of a single district that would be sympathetic to a self defense plea by the aggressor where they followed, then chased, then accosted someone, specifically when the situation didn't occur on the aggressors property. i see you asking others if they are lawyers, and seem to be offering your legal opinion as if it carries the weight of legal expertise. are you a lawyer? if yes, what area of law do you practice? |
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Below is from Wikipedia. The reason why I post it and not other stuff on the page is that most everything in this post is well documented by audio. So it is really not up to conjecture that Zimmerman followed Travan who was walking legally in his own neighborhood. What would you do if some stranger followed you?
So let me see if I understand you correctly, you are saying people have the right to assault and jump someone from behind and break their bones for being followed, is that right? i would say yes, if someone is following me in a car while i'm walking down the street, and i'm scared enough to run away, and that person chases after me through backyards, yes, physical violence against that person is justified. |
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To all appearances, Zimmerman was attacked for no reason and acted in self-defense. Until proven otherwise the case is closed in my book.
which appearances specifically are you referring to when you say zimmerman was attacked for no reason? |
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As for Zimmerman I find it odd the guy is being called out for defending himself.
so, i have a gun. i walk up to you and push you. you punch me in the face. i shoot you dead. i was defending myself and am in the right? |
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With the sheer amount of money you need Vladamir, pray tell what is the answer to this question:
Why should I invest in you when I can just buy Bitcoin and reap the benefits myself when you've got the market on future coin cornered?
Vladimir is going to have to provide some good answers to start finding the kind of funds he needs. And I'm sure there others looking at this and wondering why they can't do the same. That guy is clearly an idiot. What about the other 8 million bitcoin out there on the market? What is there to corner? Vlad doesn't need to answer anyone. Least of all the half-wits that make up 95% of forum readers. All I need to know is where to deposit my funds to get them to Vladimir. a principle of the company making an official announcement, doesn't have any fiduciary responsibility to answer questions from potential investors? and if you are ready to send funds at this point, knowing nothing about the company, its articles of incorporation, the business model, the technology behind the company, what your investment will get you, etc. then i think you should reevaluate who is the idiot. |
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vlad, could you please address two questions i had earlier in the thread?
if you are in advanced stages of testing, why is the performance estimate so large (100 to 1000 times more efficient than a gpu is the actual range quoted)?
and more importantly:
what protections do investors have that their funds won't be used to subsidize the R&D, only to have the principles of the company accumulate personal mining hardware on the cheap, after investors have paid for the high entrance barrier to ASIC development?
also, when will official investment material become available for mailing out?
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i don't think the premium justifies only the warranty, but i don't think its fair to discount an extended warranty completley. we have no idea how long bfl's will last, or what percentage will fail sooner than average due to manufacturing and/or design.
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