Bitcoin is highly divisible, this solves the availability problem until it reaches its natural price.
What do you refer to when you say 19% deflation per annum? The decreasing rate of currency introduction?

Checked out the earliest edits on the Ripple Project, apparently it's been going since 2006, what is it's current USD exchange rate?

Well I am learning a lot. Feels like I'm 14 again

I also have my doubts if the power supply will supply a 3rd card now, but we'll test and see, maybe have them all under-perform until we can source more juice.

Great fun this mining business!

My municipality have 2ce in the last 6 months levied a 4000 ZAR (571 USD) amount against municipal account. The first time they took it because they said I was a high risk client (I was behind 1600 ZAR) and that the 4000 ZAR was a deposit (of sorts). The second amount does not seem to have contributed to my "deposit" with them, it looks like a pure 4000 ZAR confiscation. I am in what currently seems like a cycle of indentured servitude with them. They say my outstanding balance with them is 10946 ZAR, 10515 is due on the 21st. Yet if it was not for their 8000 ZAR "financial charges/ad-hoc security deposits" I would have had to pay a very reasonable 2515 ZAR.

Now as far as I can gather my municipality, the shockingly run Tshwane municipal council, has reached the point of such desperation in it's finances that it is resorting to this kind of theft and confiscation. They are the monopoly providers of water and lights in my city and their equally bad sister municipalities and the national power company Eskom terrorize the most of the rest of the country. My choices are go without water and lights, pay, or go to their offices for an entire day and attempt to find a helpful bureaucrat to somehow reverse the situation. Previous attempts to work with the bureaucrazzzzy have not been successful and seems to have a sort of gravity about it as it keeps pulling you back. What is not an option is to realize the shocking level of unfairness and simply take the knock once and change service provider.

It has reached the point where I'm considering liquidating some of the hedges I have in place against the ever worsening global monetary system simply to ensure a reliable, affordable power supply to my house.

Now as I said this is getting ?worse? since the municipality has been mismanaged for some time and a year or two ago faced having their water contract ended and their power contract. In a totally fair system they would simply fold. But thanks to higher levels of government, provincial and national, that might still be a very long way off. Even if they cannot effectively fund themselves, they can still count on the good graces of the Gauteng province and/or National Treasury to give them a firm talking to and then a nice cheque to hold them over till they can "sort it out". Our government in turn is running a 117 billion deficit so if they can't make things work either, they can always go to intra-national finance and the local reserve bank to hold them over. They can always extort the money to pay back the loans from whoever seems to have it.

I see the chinq in their armour, if they as a whole could not continue ad-infinitum with even small 10% overruns it would al come to a screeching and much needed halt. The reserve bank would close down and its prime down town office space would be rented out by new building owners or converted to low cost housing. The government could loan money, but the people they loan from would want it back and would not be able or willing to keep extending the loan by another 10% for the rest of eternity. They would first pass this discipline on to the receiver of revenue and initially attempt to collect the shortfall from the populace. But they will here discover that money really does not grow on trees and if you tax people directly, they see what government really cost, then they get unhappy with it much, much faster. Having a far smaller budget, national government would be forced to focus on the majors and would not be willing and now completely unable to help provincial or local governments that do not perform.

As for the monopolies in electricity and water; While charging the population "internationally competitive" rates they have been funded by national government through taxation and deficits to cover the shortfalls, or simply left dysfunctional to "prevent inflation". In a system where the amount of money is known and cannot willy nilly be loaned into existence (by them or their higher ups) they would either have to face the reality that their central management paradigm does not work and relax it to some extent or explain to an angry populace why they have ceased functioning.

So please, if feel for me help me, donate me some bitcoin here; 1F5Fr2rBU6iJH9pQf4d3eLR9F7GgT1e1fD
But if you feel I'm a bit arrogant for asking, but you agree with my logic, then do me an even bigger favour and build out the Bitcoin economy;

• Get people on board, rant to your friends about it.
• Buy a mining machine and help further secure the network, they double as great gaming machines I hear ",
• If that's not your speed offer your services online and be willing to be paid in bitcoin, even if it's only a small fraction of your activity.
• Build something and trade it for a bitcoin with one of your friends just for fun.
• Set up a local exchange if you can. Coin for cash maybe if you won't get arrested.
• Add some code to a bitcoin related project.
• Lobby your favourite charity / organization to accept bitcoins as payment.
• Donate to an existing charity.
• Have a little bourbon with breakfast and live as though you were brave and unafraid

Is this actively being discussed in the security related parts of the forum?

I have a 1200W CoolerMaster gold. This thing emits enough power to run support hardware and 3x6990s (Club 3Ds). Problem is the cables do not match with the graphics hardware PCI-e connectors. The PSU has 4xPCI-e 6+2 connectors and 2xPCI-e 6 connectors. The cards have 2xPCI-e 6+2 connectors each. So now I can power 2 cards, but not the 3rd one...

Does anyone know whether the cards can run on one PCI-e 6+2 connector and one PCI-e 6 connector like normal cards seem to?

Hi gentlefolk,

Could someone please tell me which driver/sdk combo works best with the 6990 under Windows 7 - 64bit?
Could someone please tell me which driver/sdk combo works best with the linux?

PS this is question one (and two) of several

Type the following into Google and look at number 1

ati sdk 2.4

That's an incredible idea, how does someone contract the Venezuelan treasury?

@interfect, lol

Amandla!

That's disturbing, all the hashing power inuse today can be
bought for only 2 to 8 million and a fake pool could have us all working for the attacker? So how can we secure the pools? Maybe open-source pooling software of some sort?

We've stumbled upon something far more interesting than a bet. Why on earth would you entertain the validity of forbidding alternative currency as a 'non-stupid' law?

How about making the bet that BTC is worth it's prebreak price six months after a dollar break? So of its illegal tomorrow it's worth $10 dollars again by Jan 2012, as calculated converting from BTC to trading currency to USD.

LOL, I meant BETTING is illegal.

Let's make it something like falls to x and recovers to 5x within 4 weeks then? Where x is something real darn small.

Where I live the investigators are mostly concerned with violent crime.

Again, is your regard for the law based on moral concerns or repercussion concerns?

Well we would know who they are, they are already on this list http://www.top500.org/

Sorry to sound sarcastic but even if they knock down the 2 biggest groups they would not practically be able to overcome the remainder of the network.

I was referring to the folks who build the cards not the GPUs. There are several makers of graphics cards. The expertise is still high but much lower than producing nm ICs.

So how does that affect the safety or security of BTC?

Here's an idea.

How about we pitch one of the smaller manufacturers of graphics cards to build a cool, power efficient, low memory multi-GPU card?

It won't be profitable for ATI to target a niche market, but it will be for a small graphics card maker.

PS to my knowledge wagers are only legal in Arizona in the USA. So you are already breaking the law by betting aren't you?

The replacement exchange will need to some time to recover from the loss of the US market.

Can I modify? If the price on whatever the prominent exchange is, is not prominently trending up within 2 months of losing the USD link then I lose. I do however win if it falls to 0 first but recovers to a readable, upwards trending price within the 2month period.
Can we define upwards trend as higher than 2 weeks before the end of the 2 months?

On payment, are you suggesting that because you are law abiding or because you fear you will get caught?

Almost everyone who owns Bitcoins today, will still own them if the US declares it illegal or closes MtGox. They will not want their investment to become worthless, even if they are in the US. They will now effectively have a secret offshore bank account. There will be massive incentive to set up a functional exchange someplace more free, like Switzerland, Lichtenstein, Hong Kong, Singapore, Chile, you name it. Amir Taaki is involved in setting up opensource exchanges to make it easy for countries to get going changing local currency for BTC.

I agree that for a while (a short while) you will not be able to price BTC. After that business will resume, perhaps with the initial exclusion of new clients from the US, but at the same exponential rate as it is now.

Specify the bet a bit more and I'll consider it