Hmm that coinhat maybe should be made out of tinfoil...

Or platinum foil! Yeah! Much more impressive!

-MarkM-

16th June 2011 is "recent" ?!?

-MarkM-

Yeah Yifu has thoroughly screwed everyone, I guess it is time for all the people affected to somehow try to do some damn thing about it, though its not clear what there is that can be done.

Not sure there is much to do against Steamboat though other than pressure him to nail Yifu to the wall somehow. They are both in the U.S., right? So maybe he can do something there...

-MarkM-

EDIT: I found the email with the refund form in it and filled out the form and submitted it, as the email did say there was no time limit to request a refund.

Maybe clone a Ripple of your own?

-MarkM-

Well hopefully he can get refunds for all the batches of chips, especially since there is no indication Yifu ever actually did send any.

-MarkM-

So this is like those Zimbabwe bills, but printed on a token bit of platinum to make it seem less silly?

-MarkM-

Do we have any 3-D artists who would like to get together on OSgrid to build stuff?

-MarkM-

With no sign of chips or boards yet I guess everyone is going to need a refund. But was the refund process already closed up some time ago? Is it too late for refunds now?

-MarkM-

Huh? All I was getting at was that the other margins might maybe have been much greater than the time margins, since as we all knew there were not a heck of a lot of time margins involved at all...

-MarkM-

Looks like the margins on the time margins got pretty much used up, I wonder how the margins on the gigahash margins and the margins on the power usage margins have been doing...

-MarkM-

So what is this about weeks?

Are you yet another pre-order house or do you have units ready to ship?

-MarkM-

Probably he is an author, writing for Devtome and thereby earning DeVCoins.

You can mine with ASICs too y'know, not jut GPUs. But being an author seems to be where the big money is nowadays.

-MarkM-

Hmm I didn't know of that one, or had forgotten it.

I keep my copies at

https://github.com/knotwork/old-devcoind

and

https://github.com/knotwork/old-devcoin-qt

and tarballs at

http://sourceforge.net/projects/galacticmilieu/files/DeVCoin/

The "old" in the github repo names are because DeVCoin is based on old code, and I had planned to start new repos to base it on newer code, but then a bunch of stuff happened making the newer code I was working on already start to get out of date so i never yet did get newer versions uploaded.

Now of course the thing to do is base it on the new I0Coin so it gets recent bitcoin code plus the memory fixes to fix the problem all merged mined coins have of needing more and more RAM over time than non merged coins need.

-MarkM-

Its not like the un-discounted chips ever shipped either.

Last we heard Yifu had said he had shipped them. But there has been no word on them arriving so hopefully it is too late now for Yifu to expect anyone to accept them even if they do arrive, unless maybe he will count them as discounted chips.

(Though are even discounted ones worth anything?)

-MarkM-

Ever since reading The Cold Cash War many years ago I've tended to figure this kind of stuff was coming. That they actually talk about it outside of classified documents nowadays might mean its been around a lot longer than you might think and might be in a lot of chips you might not expect stuff like that to be in...

-MarkM-

They could mine with them. Don't they have $0.01 electricity or something like that over there?

-MarkM-

The plan is to upgrade it to the new code that I0Coin uses, however which merged mined coin gets updated first likely depends on the perceived reward; now that this one is on mmpool its difficulty has skyrocketed, probably too soon for the guy who came up with the new code to have mined a lot of these coins at low difficulty.

So I would expect whatever coins he is/was able to pick up at low difficulty might be the soonest upgraded simply because the more he has of a coin the more he stands to gain by upgrading it.

Mind you, I0Coin has been going down on Vircurex lately, so maybe even taking the time to mine a lot of coins before upgrading the code might not really pay all that well if other coins perform like I0Coin once they do get on exchanges.

Presumably mmpool users are steadily accumulating coins though, so maybe one of these months or years or whatever someone will decide they have a large enough stash that getting an upgrade done would be worthwhile...

Most of my players that have been snapping up merged mined coins the last few years do not use clients themselves, they just book-keep the things as just more in-game possessions kind of thing, hoarding them just like they hoard magic swords or mithril or whatever else.


-MarkM-

Yeah seems like Yifu has screwed us out of another two weeks, it probably is kind of pointless to proceed with putting those old-tech chips on boards by now.

-MarkM-

Yeah thats what I thought, but I was told otherwise. Not directly by the power corp though (it is a monopoly here, Nova Scotia Power) so maybe the guy who told me didn't really actually know what he was on about afterall.

Maybe it is patronage or something, if the politicians control the thing, maybe there is no cheap rate for industry but if your industry gets the right politician suddenly you get a government subsidy or something instead.

-MarkM-

Where do you get electricity cheaper for industrial use than for residential use?

I was told that around here (Nova Scotia) home users are in effect subsidised, if you go industrial you not only pay more but also, if you go big, will end up needing three-phase and such which is more expensive again.

I guess in "screw the poor" nations though they wouldn't be subsidising home users?

("If they want light, let them stay at work!" )

(Maybe it might also have to do with the fact you seem to need electricity in order to get a residence permit saying the building is fit for people to live in.)

-MarkM-