Thanks!
SENT Why not?
you're an old user so you only get 1 Lol, missed the "if you're a newbie" part.  Thanks for the 1! |
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Choice of language is one thing, but prior to that should be a choice and decision on the architecture of your system. Even before that, there should be an evaluation and decision on the target platform to run, and even before that there should be a evaluation, plan and decision on the way you want to handle the operations part of your business, how you want to deal with software quality and security.
To illustrate that a bit: Many heavyweight banking or shopping systems are written in a statically typed language and deployed on an Application server cluster. Thus, when a company has decided upon this basic direction, typically they draw on the pool of developers and technicians from one of the relevant ecosystems (Java, Windows / .Net, C/C++, ...). Each of these come with a specific mindset and set of best practices; also, the available pool of skilled people might be different.
Also, even medium sized systems benefit from a separation between backend and frontend (presentation layer). Still the more so, when security is an issue. In that case, the backend could be based on a more heavyweight technology with well established security and quality practices, while the front-end could use a language (Ruby, Groovy, Python, JavaScript, VB) and framework to support rapid development and quick adaptation to changed needs.
There is a catch though. It is rather rare for developers to be equally proficient in both of these two disciplines. Some people are able to create you a slick website in just 2 weeks, and quickly adapt it to your ideas, but fail miserably when it comes to build maintainable code, which is easy to operate on the long run and can be scaled up as the business grows. Other people are good in the latter mentioned disciplines, but will require 4 times as long for the initial launch and aren't very responsive when it comes to demands for quick change. And finally, you'll never be able to get low cost, quick time-to-market, and high quality/security/durability at the same time; if you do your job well, you might be able to get two of these goals.
So, in the end, the success depends very much on how you, as a founder set the priorities, lead your people and ensure the project remains on track. There is no one-size-fits-all method to achieve that. You might proceed methodically, or just decide to buy best-of-breed and only do minimal in-house development, or go for the mad 80+ hours a week sprint with people excited about the goal. These decisions should be first, followed by a system plan and architecture, and only as a last step comes the decision for a specific technology (framework, platform, language(s)).
Thank you for taking the time to write this out, I was not aware of this until you explained it very clearly, I will definitely in mind all of the tips you gave here. In my case, security will be one of the main concerns so I should look for someone that is proficient in it and that can build a great foundation for the system to be able to grow and expand without have major security flaws. Security needs to be the #1 concern. You've been here for a few months, you've had a taste of how Bitcoin can go wrong with the coins themselves are handled incorrectly. And if you're selling software to other companies, you'd better be dang sure that they can't blame any loss of coins on you, or you'll be bankrupt with a stack of lawsuits in a hurry. |
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Right now, it's the price of the devil!
$16.66699
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Why not?
Li2WiHKK1B62BwM8CtStndM8affU6mFkvD
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The number of possible addresses is right about 100x smaller than the number atoms that make up the Earth. Even if you could encode 1 bit of an address onto 1 atom, you couldn't even store every bitcoin address using the entirety of the mass of the Earth.
You have a better chance of a meteorite falling into your house that happens to be carrying a winning powerball ticket at the same time you're getting hit by lightening than you do of someone stealing your bitcoins from their master list of all keypairs.
you only need to keep the 'good ones' same as web addresses....... What's your point? Someone could create 1SgtSpikefakj4923fJ9g0uja2349g, but then I could just create 1SgtSpikefj48902jfv8940aj4v2a4fjakf. The only advantage is firstbits - only one person can own the address associated with the firstbits 1sgtspike. |
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Once again: Do not send your fpgas to them ..... Why trust them not to run with both (money and FPGA)? They, should send ASIC first and after you have them working, you should send them the FPGA. They owe you that .... You're wasting your time. Greed and desire quick and easy money blinds people. BFL knows it.  Just another version of the lottery scam they used to rip off little old ladies.  |
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Mathematics. They're neat.
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The problem is, as of now the bitcoin network won't scale up to 50 times the current transaction rate.
It is very debatable if it will ever scale up 1000-fold.
Theoretically, the free-market transaction fee model will help relieve saturation in the blockchain. I don't believe Satoshi specifically intended Bitcoin would always be conducive to microtransactions. Does that mean we must follow Satoshi's footsteps? Can Bitcoin not be expanded to include support for microtransactions indefinitely? I would argue that within 20-30 years, 1000-fold scaling will be completely possible and practical. |
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So, who will pay back 100% first? Bitfloor or BitMarket?
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No one has ASICs yet, and the difficulty will be pumped up to at least 5x what it is now in a short period of time. So take that 309 BTC and divide by 5, and you get an idea of what your earnings might be a few months from now when you actually receive an ASIC purchased right now.
Still a good deal IMO, but others have projected difficulty quickly going up much higher than this. And because ASICs are so cheap to produce, the same machine you see selling for $1,300 right now could be sold for $50 next year, you never know. If that happens, many more will buy, and each one will see that much lower of a return on investment.
so, the window of opp is sooner, not later. Actually, even with 80% reduction (60 BTC's/mo), I would still make the same money as my current salary (I work in Argentina and get paid in pesos). Although I was not aware that the ASICs were not even shipping. Are the people that preorder and pay for an ASIC just sitting around waiting for their ASIC to get built? That would suck... for me the bigger problem is getting that puppy into this country. Yes, the window of opportunity is sooner, not later indeed. Unless you consider the possibility of a significant price drop, which I don't believe is out of the question. There ARE multiple ASIC companies, and they are competing with each other. It could result in price wars that drop the prices by half very quickly. And yes, everyone is just sitting around waiting for their ASICs to get built at this point. I imagine many more will order once people start receiving them. The volatility of the Bitcoin price is also something to consider. Earlier today, we were at $19/BTC. Now we're at $16/BTC. We've seen a drop from $32 to $2 in the past. Basically, the income potential is there, but it is not 100% reliable either. Also, some people say the ASIC companies are scams. One of them already went bankrupt and is refunding everyone's money. The next might fall without refunds, you never know. All of this said, if I had more money, I would throw it down in a heartbeat on more BFL mining machines. As it is, I have two of the SC Singles on order. Problems in your plan: 1)no one has an asic so far 2)once they will receive them, expect difficulty to skyrocket. 309BTC per month? Yeah sure more like 10 after asic hits the market.  Na, it'll still be a lot more than 10 BTC a month for quite a while after ASICs are released. Without a significant drop in ASIC prices, it'll take at least a year (though I'd say more likely three) for difficulty to creep up to the point where 60 GH/s only makes 10 BTC a month. |
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Sell your house with a price of 15 BTC. It'll go fast, I'll bet, and it'll be the first confirmed house sold for bitcoins.
OTOH, house sales usually take several weeks to finalize, and the money would be held in escrow until then, so it might not be the quickest way to earn 15 BTC. Quicker might be to sell a car for 15 BTC... though some cars might not be worth that price. |
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No one has ASICs yet, and the difficulty will be pumped up to at least 5x what it is now in a short period of time. So take that 309 BTC and divide by 5, and you get an idea of what your earnings might be a few months from now when you actually receive an ASIC purchased right now.
Still a good deal IMO, but others have projected difficulty quickly going up much higher than this. And because ASICs are so cheap to produce, the same machine you see selling for $1,300 right now could be sold for $50 next year, you never know. If that happens, many more will buy, and each one will see that much lower of a return on investment.
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Adam,
Is your car a manual or automatic? And yes, batteries don't do well in the winter time.
automatic Pop starting would have been a temporary fix anyway. Although it might have been useful to get to the auto parts store! damn that's right eh... next time I'll buy a manual, more control! Manuals are for single guys with sports cars. You better stick with the auto family man. The kind of control you need is an extra hand to block projectiles flung from the back seat!  At least wait until the kids are out of the house and you are in a mid life crisis to buy the manual. Maybe your bitcoins will allow you to buy something really nice by then! My wife disagrees! We have two kids, a third on the way, and her car is a manual (and she insists on her next being a manual as well)! Mine is too, of course. Also, when the battery is completely dead, push-starting doesn't work. At least, it never did for me. I'm talking no clicks dead. It was a joke. I don't know how I could have made that more obvious! Talking about flying projectiles, a mid life crisis, and getting rich off Bitcoins wasn't enough?  I don't know, it all sounded pretty reasonable based on all the advice I receive from all the backseat parents around me.  |
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Adam,
Is your car a manual or automatic? And yes, batteries don't do well in the winter time.
automatic Pop starting would have been a temporary fix anyway. Although it might have been useful to get to the auto parts store! damn that's right eh... next time I'll buy a manual, more control! Manuals are for single guys with sports cars. You better stick with the auto family man. The kind of control you need is an extra hand to block projectiles flung from the back seat! At least wait until the kids are out of the house and you are in a mid life crisis to buy the manual. Maybe your bitcoins will allow you to buy something really nice by then! My wife disagrees! We have two kids, a third on the way, and her car is a manual (and she insists on her next being a manual as well)! Mine is too, of course. Also, when the battery is completely dead, push-starting doesn't work. At least, it never did for me. I'm talking no clicks dead. |
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BTC1 = BTC1, no matter if it's two half- BTC inputs, a thousand mBTC inputs or 100 million one-satoshi inputs. Or even a CASASCIUS coin. Or a brainwallet. That is why the method used to exchange BTC is mostly irrelevant (except for security and convenience). I'm not sure 100 million inputs would fit in a block. It would certainly require a very large fee. New self-challenge: Create a transaction larger than 1MB. See if Bitcoin network esplodes itself. |
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Too rich for my blood! If they were 0.1 BTC squares, I might be interested. |
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$0.05 by the end of the week ....
$0.05 per mBTC that is.
Read it without zooming in! [successkid.jpg] |
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After the Republicans caved just now (1:30 pm EST 23rd January 2013) and voted to eliminate the debt limit, the speaker Boehner said, "This is the first step in an effort to bring real fiscal responsibility to Washington."
What a joke. Right, let's bring fiscal responsibility to Washington by allowing the Treasury to borrow ANY AMOUNT OF MONEY IT WANTS.
As soon as Obama signs this bill, the Treasury can borrow UNLIMITED amounts of money. 10 trillion, 20 trillion, 100 trillion. Any amount it wants.
Get ready folks, the dollar is about to turn into garbage.
And bitcoins? Hello and welcome to the new world and way of doing business instantly and without fees. Where your wealth and security does not depend on how much money central banks print.
Effectively there is no debt limit anyway since the ceiling is raised every time. So it has never been a limiting factor in spending. While is true that there has never been any real limit on the debt the fact that they are publicly removing the "limit" may be a sign that the whole thing is ready to implode. The debt currently held by the Federal Government is mathematically impossible to repay. Even if they taxed everybody %100 of their income and we could magically survive and continue to work without income the debt could not be repaid. There are only two options available to them, default on the debt or devalue the currency. They will obviously choose the later since the former would lead to war. News like this just brings us one step closer to a dollar devaluation which we have been marching towards for some time. Just curious where you're getting your maths from. 100% tax = ~$16T annually. Debt = ~$16T. Debt would be repaid in just over a year. |
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Tom has given up, but promised "EVERY SINGLE CUSTOMER WILL BE REFUNDED. PERIOD."
Just to confirm, my order was 25 units, I requested a refund for the credit card transactions around the 11th Jan from Dave and I got the money back this morning in my online statements, I did loose a few percent on the $USD vs EUR exchange rate. But at least they are keeping their word. That's good news... I find it interesting how Tom blames the community for the shutdown of the company. |
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