So - how are all the amazon and vps user doing? Still profitable?
I recently tried the Azure free trial ($200 worth) and got a measly 50 XPM out of it. cant help but wonder if this 50 xpm is going to be like 50 BTC one day..... |
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I am in east coast for a bit.....so can't make it....  |
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If I read the blockchain 24 hr report, it appears that the btc network costs about $1M a day more to run that it makes miners.
Could some one explain how this is feasible in the longterm say when there is no more seigniorage to be made eg BTC reaches market share cap.
Is is because the electricity is free people can leach of rental agreements, or priced into heating elements, so you would be using that power any way, eg everything that heats mines.
Or will BTC be forced to adopt the PPC mechanism for low power.
Or something else.
Open to your views thanks in advance.
also I would have searched but not sure what to search under.
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I just think with barely functional not fluid cash out exchanges, eg gox , the price
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How about Sunday the 8th?
Otherwise a weeknight meetup next week?
I will put the 8th on the top. I will be over east for a while so will join a meetup there! |
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but gox prolly cant withdraw its own money (not)  however I am beginning to think that gox is fractional reserve USD and BTC.... I struggle to buy this can't withdraw usd any more"....its not plausible for some claiming xx million profit. |
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The lack of decimals in Btc-e is also responsible.
what do you mean?  |
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Can someone explain why the volume of FTC (on BTC-e) is always so high.
You don't hear much about FTC these days, so who is buying and selling all of this volume all the time?
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A minimalistic linux with tor and bitcoind and armory, plus a version with no network connection and armory, for offline wallets, something like Ubuntu Privacy Remix with Armory added. Yes it could be useful.
for an offline armoury, it would have to operate on a decrypted partion or virtual sandboxed os or soemthin like that where the gap could not be electronically bridged |
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It is strange since XPM is the third most popular coin and seems to be gaining on LTC quickly. It still boggles my mind though that Novocoin has the 2nd high value of all coins after Bitcoin, considering the clusterf*ck of a launch it had with the pre-mine and the bribes to BTC-E.
This is why market capitalisation is the true indicator of a coin's value (market price of coin multiplied number of coins in existence). Novacoin market cap is behind Feathercoin at present. I read somewhere that 200k Novacoin are premined; that the creator admitted to holding onto 60k and BTC-e accepted 100k to put it on their site. Can't trust everything you read, but that's not a very pretty picture. They were "donated" 110k NVC in order to list Novacoin. When it was discovered, supposively BTC-e destroyed the coins by transfering them to an address with no possible private key. The whole thing was beyond sketchy yeah this and how the nvc price magically drifts up whenever LTC goes up, then does not really come back down, and the trading is so thin |
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I cant quite get over gox said 2 week until withdrawal will be fixed, no usd withdrawals, but hey money can still come in as fast you want.
two weeks go and then what, essentially perma withdrawal problems
How hard can this be? you would get a new bank or system that could cope.
One wonders at how long this can keep up. Gox must either solve the problem, or its over. You have to start thinking about fractional reserve going on, for both USD and BTC.
Go long, and by long I mean 3 years+. Ride this all out.
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PPC, by and large offers the solution to this question, and can be adopted by BTC
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I think that this new system is good and it should probably be harsher to get up the ladder
Suggestion::in some boards only hero members should be able to start topics, you would get more signal less noise in these boards
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hang on though if 10000's of people us electrum are they not calling this repeatably or is my maths way off....though if they are all using the same call in python, then some one will luck out?
no, unless they use the same device so rand seed pulls this from the heat/fan/ or something? |
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I wonder about the utilities and related cost and risks in these projects
eg.
hosting,
power supply,
air conditioning,
power costs,
power surge protection,
maintenance of this,
insurance against theft, damage or force majure
shipping
transport
etc etc
the logistics side of it
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Government always accomplishes what it sets out to do (which is 180 degrees from what it publicly claims it sets out to do).
this exaclty +1000 eg drugs, better education freedom etc etc too many rich people/companies can minimize tax with CC's fot it not to work, and they can buy votes. |
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eh when btc goes to 10K the pressure for retailers to accept will be immense.
I am sure they will find a way to get a bit of that 100 billion cash capital, I mean think about that just the market cap, not the velocity of the money which can easily be 10-20 x that in a year.
1T of goods and services up for grabs.... a year!
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XPM should be on BTC-e, I mean they have all those others *no names mentioned*, at least XPM is actually different.
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hang on though if 10000's of people us electrum are they not calling this repeatably or is my maths way off....though if they are all using the same call in python, then some one will luck out? could dev put in a mouse over this area like true crypt uses? |
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At this point I do not know if the android version of Electrum is concerned, but that's quite possible. I am investigating this problem right now.
update:
From what we can gather, this issue seems to be a Java PRNG implementation issue.
Electrum should be safe from this, because it does not use Java; it uses /dev/urandom directly.
However, there might be other bugs in the Android platform, which is under overall scrutiny following this issue.
how about the OSX and windows version.? |
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