I never expected the price to plummet so rapidly so soon. Eventually yes, as there's very little to do with bitcoin apart from speculate. But even this activity leaves me aghast.
I haven't been a doomer but have posted many negative opinions about bitcoin as a warning that it was a highly speculative, high risk investment. Some people argued with that. I hope they haven't been too burned by the 50% price slashing within a week.
Proclaiming that "now" is a good time to buy is very dangerous. I suggest no one follow this advice. No one knows when it's the right time to buy. Just imagine all the early adopters out there, seeing their dreams of cashing in bitcoins to buy houses dashed. Right now they'd be lucky to buy a car. Do you think they'll stick around when their hoard of bitcoins is barely enough to buy a laptop? What about all the merchants who traded in bitcoins and have seen just how bad an idea that was. They won't be sticking around either.
yea i'm regretting selling my $2000 TV for 200 bitcoins a few weeks back, because now i'm stuck with bitcoins that will only bring me half of that. EPIC quote man ! |
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There is absolutely no technical difference between litecoin and the various brixes. It is yet another opportunistic scam.
Well said friend. Let's expose these damn scams. |
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Rumor is that SC 2.0 is just a small recursion loop inserted into the BTC hash algorithm. If that is true, it should be trivial to make recursion simulation for GPUs. I wouldn't bother mining SC 2.0 on CPUs until we see the algorithm, it would be a waste of electricity. Unless source is never released... Then I suppose Solidcoin is dead.  Why so !? Normal people don't give a dog poop about the source of a software they use. They only care it works or not etc. Maybe he will release the source or maybe he won't. Who cares !? As long as it works then more power to him. |
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 Some self examination and maturity is really needed here, as well as moderation to enforce politeness and respect. Members come to the forums to learn and ultimatley increase their participation in the btc economy. To the extent that more goods and services become available and people are aware of the possibilities, demand for btc grows and its value per dollar increases. This should be obvious. Everyone should be welcomed and encouraged at the forum unless they DO HARM to another. Vetting has its proper place, but what happens here is not vetting; its hazing. Abuse, hate, paranoia, attacks and an effort to drive a forum member into the dirt and discourage everybody from doing business in BTC with that member. There is an almost pathalogical hate coming from a number of forum members who post frequently. Just look at the responses to our last post for proof. Hate was directed at us from foolish people who confuse opening their account with 100 btc as tantamount to GIVING US 100 btc and another ignorant, green person who has no clue how trades are settled and thinks trading companies keep precious metals in vaults  In real life normal people would not dare go up to somebody and make the nasty remarks we ( FNIB ) always get on this forum from strangers who dont know a damn thing about our company or our industry. These naysayers think they are smart by doing a WHOIS or other snooping in an attempt to find dirt, then post the results on the forum as if exposing some criminal plot. Cut the B.S. Enough. Could it be thay these hecklers are wimps in person and the Internet is the only place they can go to act like tough guys without having the glasses smacked off their nerdy little faces and pencil necks? We www.fnib.co are the first forex company to accept BTC. If you cant give us any respect for this, or at least the courtesy that ANY human being deserves, what does that say about bitcoin proponents active on this forum? Check your attitude and clean up these boards. The fact that you are in a shitty mood, cant get laid or just got up on the wrong side of the bed does not give you a license to scandalize somebody's name. LOL nice one mate |
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Well, its a evolution lets recap:
ixcoin - outright get quick rich scheme
i0coin - joke about the latter
solidcoin - revised get quick rich scheme with viral pr campain
then the big collapse of them people realized there has to be more to gain acceptance so another method was devised
original geistgeld - experiment which revealed the technical infeasibility of asymmetrical difficulty adjustment
relaunched geistgeld - patched version of the above, author decided to get a bunch for free -> fail
brixes - first point of actual innovation but the author still decided to get some, unfeasible economics
fairbrix - fail due to unfeasible economics
outlook:
solidcoin 2 - will fail due to the fact that people watched !five! failed attempts by the authors to get rich, they all been there and done that.
litecoin - the most promising candidate yet
Why !? Care to explain please. |
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Clock for Clock AMD PHENOMs seem the fastest option currently. However factoring in HyperThreading seems to put it big in intels favour. I haven't researched why yet, but a hyperthreading core gives nearly 90% of a non HT core on my I7-920.
The only way I can explain that is if you were using two HT cores on separate physical cores. Two HT cores running on the same physical core simultaneously, and both delivering 90% of a physical core doesn't appear to make sense. Can anyone confirm this behavior? It depends. If the workload is purely ALU-bound or FPU-bound and there are few instruction interdependencies, then each thread of a HT core should deliver exactly 50% of the performance of a single thread running on it, as they share execution units. IOW HT doesn't help at all increase performance. However if the workload is memory-bound, if execution units are mostly idle, then each thread of a HT core should deliver about 100% of the performance of a single thread running on it. IOW HT doubles performance. For real-world workloads, the number falls somewhere in between 50% and 100%. CoinHunter reporting 90% means his mining algorithm is mostly memory-bound. So then scrypt sucks so much on Intels because ... |
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It requires no trolling  |
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I misspoke. All altchains seen so far (except namecoin) should have no valuation, based on any rational economic analysis. Bitcoin has value because of existing and expected future economy of goods and services. Namecoin provides a distinct utility that is purchased by destroying namecoins. The altcoins? So far, no released altcoin has made a single tangible step towards defining future value. Rather, they've rushed to setup exchanges without clarifying the purposed and long-term vision of their coins. Speculators rush in to buy in the hope that the price will rise. But with no defined or expected long-term realization of actual value, that becomes the very definition of a Ponzi scheme; it's a scam.
Finally somebody that says it how it really is. Well done ! |
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sd.. its just easier to put him on ignore.. that way you dont have to read his crap
I have reported a few of his more hostile posts to a moderator in the hope he and anyone else from his IP gets banned. I don't think many moderators will approve of his racist agenda. Even with all the nonsense CoinHunter has posted I've never felt the need to report posts or ignore people before that anti-Japanese rant. Of course I am anti-japanese when they try and scam me. If Nigerians tried and scammed you, would you not be anti-Nigerians etc. !? Where did I write anything racist huh !? Probably made it up in your own head. Manga watching, noodle eating is what Japanese people usually do it's not racist. It's like saying french people are croissant eating which does not make it racist son. Grow up ! |
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OTOH, it's released w/o source code, which will make the analysis much harder.
DouchebagExpress has mad skillz he doesn't need source code. He is also a master of the bo-staff and draws awesome lygers! Or more accurately: http://www.youtube.com/watch?v=u5wmParkppwEPIC lol ! Too bad he backed off now. Would have loved to see him miserably fail to attack SC2. |
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WOW seems like AMD just launched a new Radeon model - the 5890 !!! |
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What is to stop me violating the NDA |
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Clock for Clock AMD PHENOMs seem the fastest option currently. However factoring in HyperThreading seems to put it big in intels favour. I haven't researched why yet, but a hyperthreading core gives nearly 90% of a non HT core on my I7-920.
The only way I can explain that is if you were using two HT cores on separate physical cores. Two HT cores running on the same physical core simultaneously, and both delivering 90% of a physical core doesn't appear to make sense. Can anyone confirm this behavior? It does make sense you noob. Read about HyperThreading ! |
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I am a little curious about this currency? Why have you opted to make it GPU 'hostile'? What do you mean by this? I'm a little lost as I'm used to mining with GPU for everything else.Can GPU mining work but with limitations or is it all blocked from GPU? How can Tenebrix tell if CPU/APU/GPU/FPGA is used to mine it rather than being CPU mined like intended? Theoretically some guy can just point his GPU to a named worker set to mine this currency?
LOL. Read up mate. The algo is scrypt shit. Cannot be accelerated on GPUs. Only Linux 64 bit AMD plastic shit CPUs. No love for Intel on Linux 64 or even Windblows. Ok thanks.I don't get much of a chance to go on these forums much anymore due to constant work I have to do elsewhere so I can't really read up on much these days.Most of us have jobs including me and sometimes those jobs can get in the way of having a social life (I know,it's annoying but that's life I guess) Anyways thank you for giving me an idea of why GPUs will be useless with mining this currency.Motto is if you want to mine with GPU,look elsewhere. You can mine this with CPU while mining something else with GPU. Yes it is magic !!! Keep in mind that this only works for AMD processors. Intel + Windblows = speed sucks / unusable. |
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SC2.0 isn't vulnerable to the 51% attacks This is one of the very interesting aspects of SolidCoin, but I haven't seen any official info anyhere on how SolidCoin defeats the 51% problem. Could you tell more? System of trusted peers. Enough said. |
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My solution : Threaten them at gunpoint ! |
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Some of it could be applied, sure, but certainly not all of it. Bitcoin is secured by hashing power. This is a joke that needs to be eliminated.
I agree with you here as well. Any idea I would propose would contain a smaller "trusted" core of peers with the basic characteristics you designed into your "TrustNet/FreeNet/CoreNet" entity. I just think it could simplify the (transaction union/reconciliation procedure) that you go through in creating Primary Blocks. I've spent too much time thinking how to get away from how bitcoin works, so no offense, but I'm not spending any effort on trying to figure out how to hack the encoin idea in.
Fair enough! SC2 is using a method of trusted peers which also prevents 51% attacks. Might wanna look into it. Bitcoin implementation is a joke that was not thought out properly by them Japanese scammers. |
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More importantly, nobody would ever think of selling a car for Bitcoin. Their risk of actually cashing out at market value is too huge.
For sale. 2008 Mitsubishi Lancer SE, Blue, 5spd 91,000 km (Canadian car, currently in Toronto area) Power everything, heated seats, aircon. Hail damage repaired in 2008, approx $12,000 Gravel damage repaired in 2011, approx $5000 Car mechanically great. New tires, new windsheild, dealer maintained. New tires, new rear brakes. Needs front brakes. 2600 BTC Too expensive. Will crash the market at that amount of BTCs ! |
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Why is "NEVER" not an option in the poll  ? We are sick of these scamchains. |
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It is not in a companies best interest to make the bitcoin client user friendly because that means there is less need for a third party to hold youre coins. The third parties are ewallet providers such as mt gox et al. Ever wondered why they dont spend anything on improving the mainline client ?
It is not in their interest to do so. CH is not paid by a company so he can work on solidcoin and not give a flying fux what these same companies want. They hate sc2 for the same reason...less need for them.
Im sure a company would never hire Gavin just to slow down coding on bitcoin....
Exactly, the main client SUCKS and development is so damn slow, it really is unbelievable !!! |
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