On re-read the next day I must say you probably have more of a point than I do, so.

Don't be racist or you'll end up on mem's list.

Also because they're made by clueless children with no idea of business.

Haha dear Mem of Mem's list that somehow magically I've never heard of, let me tell you a story: back a couple decades ago, this unheard of kid with little practical skills but a lot of aspirations and ambitions by the name Michael Moore latched himself to the CEO of General Motors, back then a respectable business with significant income and marketplace importance. You know, sort of like how you're trying to latch on to the boss of MPEx.

The fellow proceeded to scream his nonsense insistently, it was something to do with how plant workers that had been fired because their plant was closed (which happened because their work was not worth their pay and  their union blocked - for years - any attempts to fix the problem) should not have been fired because now they have no money which is not acceptable! And about how the residents of a town built entirely of GM salaries have a right to hate GM. And so forth.

It never went anywhere for him really, but then again twenty years ago the colleges were merely beginning to spew out the functionally illiterate by the horde. By now, a full twenty years into this process you should probably do better, a lot more superficial people around. Good luck!


Obviously the original poster doesn't have the ability to do this himself, but perhaps you could try on your own and come up with a list of reasons to complement your list of judgements of value. You know, I think X because Y is always better than X!!!!


Interesting. So Mem of Mem's list, are you being paid for this? Or how did you find the time to fit everything into your busy schedule? Do tell, it may be useful for other people with busy schedules.


This is interesting because it pretty much describes the normal workings of the liber[tard] press machine. This is, after all, how elections are won in the dear old US these days. The fact that a random nitwit on an obscure forum displays a full array of Cathedral garb makes one think that the barrier to entry couldn't possibly be very high, which will likely lead to fragmentation of discourse and eventual meaninglessness. Anyway.


You probably should be. I'm going to ask about this.


Nice to see you're still resenting us for pointing out what miserable scammy scum you are back six months ago? A full year? I'm glad that burned. Be assured it will continue to for as long as you live.

MP said the EXACT same thing. 


That is EXACTLY what MP said.

WTF! YOU ARE ALL MP! Shenanigans!

Usure u weren't bloxted buy teh Greammer apee?

It's called VOTOS, a new kind of PR.


Yes, for as long as you don't try to take them out they're safe.

Otherwise, let me make it plain: All the big players have already left. MtGox is without marketplace support at all currently, it was running a fractional reserve, they *may* be able to bring outside capital to cure their shortfall. Maybe.

In general the slower they get leeched the more likely they are to a) be able to borrow money to make up for outbound payments and b) (erroneously) perceive their brand has a value that justifies this effort (or perhaps more importantly - be able to sell the "brand value" to gullible investors).

In short, MtGox currently is a game of musical chairs and what's being decided is how to split the loss pie between users and investors. Since the sort of retards that'd invest in something like MtGox aren't reading me anyway, the best strategy for users is to slowly get everything out. Too much too fast will likely choke them, too slow might mean you're one of the bagholders, asking about "the liquidation" in a year old thread a year from now, just like the Bitcoinica people. Proceed accordingly.

Why admit to the obvious when for a few BTC he could just go JoelKatz all over the forum?

I think the scammer tag has pretty much been abandoned in practice.

I didn't even know the site existed.

They killed my motherpreparetodie.

Hopefully a little more than zero.

So it was OVH they say. Slush is turning into a sort of early warning system, he got hit first in that Bitcoinica hack too.

The problem is not at all constant hashrate. Let's consider an example to understand this better. You have Internet installed on a new computer. If the computer is connected to the internet it may be difficult to guarantee that at each and every moment BW usage is a specified figure, 1Mbps or 50Kbps or w/e.

What interests however is not this but a means to - provably - deliver this many bytes. If person X buys 1 Thps what he wants and what he should get is a total number of 1000000000000000 hashes. That these are delivered over half an hour or half a minute is less relevant.

The problem is that there's no real way to prove you've in fact delivered these.


If he manages to solve the delivery problem he can actually use this platform to create a hash future on MPEx, which would certainly be a great market on the mid and long term (because it allows people to hedge an array of risks that are otherwise unavoidable). See this discussion for a little more on that subject.

What the?! Again?!

Other than gpumax there's also Hash Power or something like that (run by ukyo here, ukto on #bitcoin-assets).


This is a very good idea. I wish more people would understand the benefits of immutability and deploy it to everyone's benefit. MPOE uses it for the bonds, BitBet uses it for all the bets, it's a good way to increase solidity of your system. That you had the sense to notice/apply this makes the entire 17yo discussion somewhat irrelevant - plenty of (in their mind) adults are slower than that.

The password issue on the other hand is dubious, as many things can happen to a password and there's fundamental problems with the website "login" model that make it impracticable for actual secure applications. Perhaps consider that the people buying hash power are already computer savvy and instead of passwords, use a pgp based system to communicate their orders to the system? At the very least as a backstop measure you could keep everything as is and add a requirement that all orders over X value have to get signature verification (perhaps something like gribble's security model: site spits out a string, user must paste the decoded result somewhere - this can be done with address signatures too). The problems around making X user-settable are left as an exercise to the reader.

Finally - the one point of actual interest. A huge problem for the BTC financial sector is that there's no real way to deliver hashing (in the way that one can deliver say 1 kg of gold). If you can come up with a way in which you can verifiably deliver X Ths (that's Terrahash-seconds, just like Joules ie watts-second) to an arbitrary beneficiary MP would be very interested to hear all about it.

I'm saving this for eventual salary negotiations.

What exactly don't you get?

The only sane feedback would be: close it down, see here, come back 1 year.

This is probably wasted on you, but nevertheless: you don't have the option of whether to do exactly that or not. You will do it whether you want to or not. The only option you have is how much time you spend, what resources you waste and what damage to your reputation (such as it is) you incur before doing it.

This thread is actually pretty cool.