Well, I say "cogito ergo sum" (I think therefore I am), so it is irrelevant to me and my life whether we are in a lab system or not. Stephen Hawking also basically says that it would be hard for us to figure out whether we live in a simulation as long as the laws of nature are consistent. He is quick to also add an argument against that, since it would be rather "entertaining" for our masters to tinker with the laws of nature, which to our best knowledge hasn't happened yet. Then also, quoting from the Matrix movie: Cypher: [Cuts a piece of steak and holds it in front of him] I know this steak doesn't exist. I know that when I put it in my mouth, the Matrix is telling my brain that it is juicy and delicious. After 9 years, you know what I have learned? [Eats the piece of steak and sighs contently] Ignorance is bliss. Mmmmmm, steak...
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Dwolla - since I thought this would be the cheapest cost. Based on some other forum threads, I now think the long transfer time would be because of Dwolla.
Yes, I'm waiting on review of one of my Dwolla transfers myself, it said to be imported from Dwolla within an hour, but it's just sitting there in "review". I guess that's part of their "stringent fraud prevention" now. Depending on how fast this gets actually done, I might make a decision between which exchange to use for future bitcoin purchases. Just a quick update on my Dwolla: I'm not a patient as the OP obviously, so when my Dwolla didn't clear after a couple of hours I opened a support ticket. My request was immediately reviewed and the response to my question ("How can we speed this up for future transactions?") was basically what we already debated (and what MtGox also is dealing with), to provide identification to them if I want to ensure fast Dwolla transfer, as this is a "fairly high risk" to them. Also make sure their reference code is in there. I suggest to the OP, if he didn't do that, contact them immediately, I'm sure they will respond.
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@OgNasty, thanks for the clarification @Wekkel, sure know that (forgive my eye-roll, just had to do that), just wasn't aware that these addresses were there for interest only, as I assumed they reflected the address the funds were submitted from or to, so I expected at least one transfer associated with them.
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How come that all the quoted addresses have 0 transactions associated with them, and show up as "Never used"? Looks like some randomly generated addresses, what's the point?
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Yes, I'm waiting on review of one of my Dwolla transfers myself, it said to be imported from Dwolla within an hour, but it's just sitting there in "review". I guess that's part of their "stringent fraud prevention" now. Depending on how fast this gets actually done, I might make a decision between which exchange to use for future bitcoin purchases.
I see. I don't mind waiting for deposits to be approved, especially since many sources have chargeback policies (like Dwolla). But the timetable on the website that says "Transactions imported within the hour. Stringent fraud prevention" should say that transactions could be under review for days. Just to be clear, this was a legit transfer from bank account -> Dwolla -> Intersango. I'm looking forward to buying my first bitcoins and learning how to use them. Totally agree. This needs to be clarified in the support section. Also, if there's a review going on for days, one would expect to be notified by Intersango. The whole fraud protection is driving people mad. It seems to be random just like the TSA at airports, also at other sites (like the recent MtGox account debate). I think this should be more streamlined in the interest of both exchanges and the customer. I'll wait for a while then I contact them to give them a chance (which you, Rygon should do now), and if there's no satisfactory result we can always jump the scam/bashing train later. Keep us updated!
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Dwolla - since I thought this would be the cheapest cost. Based on some other forum threads, I now think the long transfer time would be because of Dwolla.
Yes, I'm waiting on review of one of my Dwolla transfers myself, it said to be imported from Dwolla within an hour, but it's just sitting there in "review". I guess that's part of their "stringent fraud prevention" now. Depending on how fast this gets actually done, I might make a decision between which exchange to use for future bitcoin purchases.
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RELEASE!
Let's organize a demo, fly to UK and demand the release of the magazine issue.
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I sent in a request for a deposit April 2, and Intersango said it should have been there by April 6. It's April 11, and says the transfer is under review. I sent a message asking why, got back an answer saying this was typical, but that was it. It was my first time using Intersango, so I wonder if this is standard for all new accounts? I put in a pretty simple deposit, hoping it doesn't always take over a week. Perhaps it's because of the time it takes to verify the deposit with the bank that sent the money? I'm hoping it doesn't always take that long, anyone have good rule-of-thumb experience?
First question, what type of deposit method did you use? There are widely varying time frames depending on the deposit method.
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Cornering 100% of the market is highly improbable because to do so you would have to drive everyone else out. Even cornering 70% of the market is very difficult.
The only way a monopoly can survive and make monopolistic (above-average) profits is to have barriers to entry in the market. In this case the barrier to entry is the development cost for an ASIC.
51%-ing the network to capture 100% of profit is a barrier to entry that would produce monopolistic profits. You don't need ASICs, 5970s will do. Txn fees would also be increased under the 51% monopoly. The monopolist is a price-maker and has the luxury of choosing appropriate fees for the user base. And the customer gets to choose the currency in a free market. With fiat currency that isn't always as straightforward, but with a community based open currency the user can choose to evade the tyranny of the monopolist by exercising their right to choose a competitive currency. Right now there's no viable alternative to bitcoin, but if there's an opportunity and demand for it (like if the terms of the monopolist become unacceptable) there will be another crypo-currency. The new currency would be able to build on existing bitcoin infrastructure; if a merchant already accepts bitcoin, it's easy to add yet another crypto-currency and capture a greater market share. So I'd think one has to be careful to assess these risks when building a monopoly.
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...can always add the calendar to her résumé (I meant portfolio, but wanted to use the word which has two accent marks) I am aware of the accents in résumé. I was simply too lazy to go look up the ALT code to type them. Thank you, however, for pointing them out. I definitely will not being pursuing that. I shall investigate further then. EDIT: and I was so hoping I might see a turn of the (millennium?) calendar from the (in?)famous Matthew N. Wright! I don't do ALT codes. I Google, then copy and paste, a task, I must admit, has gotten me in trouble a couple times in the past. The calendar idea is now yours to pursue, VoluntaryMan. Would you be interested in purchasing a premium domain name--Twunker.com for $10K USD. Here's one of the relative threads: https://bitcointalk.org/index.php?topic=60974.0@Matthew: How did you like my handiwork? You promised to fix the font color issue on the "History of Stoned Money" subheading...
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What you really should be considering is resale value and downtime.
Resale value is the biggest unknown with dedicated hardware. A GPU will always have resale value, even an FPGA development board adapted as miner certainly will have some resale value. However the resale value of a dedicated FPGA bitcoin miner depends completely on the value of bitcoin. So it's most straightforward to consider no resale value for a BFL miner: if the bitcoin value is high enough I won't sell my BFL miner but use it for making profit; if I don't make profit with it anymore, it's just luck if anyone will buy it (at a meaningful price), I'd be better off looking for another crypo-currency application to use it for. Hope that helps...
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Inflation, properly defined, is the degree by which the money supply increases. It is a useful metric unto itself irregardless of economic activity or other metrics. To claim that "GDP" and "prices" must be considered when strictly measuring inflation is to pervert the term beyond its useful definition. If you take umbrage with this statement, then please explain. I understand many contemporary economists use "inflation" to describe what is more accurately referred to as CPI figures, but many contemporary economists also think spending and consumption is productive behavior, so I'm skeptical of their prescience and take issue with their distortion of terminology.
"properly defined". Always thought you were funny judging from your avatar. You just won't accept that there are several definitions, and the ones I mentioned about are just as "proper", in fact accepted by most mainstream economists. But my main point would be, as pointed out the OP mentioned the CPI (he googled "us inflation" but really got CPI data), so it appeared he compared bitcoin inflation to the US CPI inflation. So the "proper" thing is to compare apples to apples, no matter what definition you prefer. Can't directly compare numbers from different equations without conversion or correction. It's a different metric.
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shut up and sell more raffle tickets I want to win my 7970 already!
+1
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Great work Bruno indeed, can't wait to get this special stoneage collector's edition. HOWEVER, black was a bad choice for the "History of Stoned Money" subtitle, it doesn't show well. So we have to send the whole thing back to the drawing board and redo the issue. Probably gonna take a few weeks to fix. I'll do that as soon as I finish up the interview with Anonymous. Terrific! You need to have that announcement on the cover, this interview is an epic mill mile stone!
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Great work Bruno indeed, can't wait to get this special stoneage collector's edition. HOWEVER, black was a bad choice for the "History of Stoned Money" subtitle, it doesn't show well. So we have to send the whole thing back to the drawing board and redo the issue. Probably gonna take a few weeks to fix.
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Great, yet another BFL thread to watch
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Moderators are not it a little spam three threads to discuss the same topic?
Your grammar doesn't make sense. Re spam, what about all the threads discussing various aspects of Icarus? Searching the boards, there are several of those too in addition to the main thread. Granted, I too find it a bit annoying that I now have to read and watch several BFL threads but that hardly qualifies them as spam.
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@bulanula: Not some "medical unit". Biomedical research. And yes, people like me and colleagues use a lot of FPGA development boards. Generally medical research also has access to sufficient funds too. But of course as this being R&D, it is unlikely to have a chance for dumpling a few hundred of these things on an investigator team at once. And they way funding is structured, it is indeed unlikely that university and medical research would buy them from a private miner.
And that option is mostly for development boards that are currently used as FPGA miners. As for the BFL FPGAs, these are really meant as encryption system, not development.
And crypto-currencies will not go away (even if Bitcoin fails). The "gold-stream" might dry up for those solely into it for profit, but there will be crypto-currency apps that I'm quite sure of. And as long as the FPGA can be reprogrammed, they will have work.
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So if the Mini-Rig consists of 24 boards like in this drawing, each one has about 1GH/s and about 20MH/W, just like at some point proposed for the Singles.
Why don't the Singles?
Obviously a new board. When will we see Singles with it?
Edit: Inspector2211 asked the question, sorry for the redundancy
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Then again, isn't it mismanagement to go the 51% route and push away everyone who currently supports Bitcoin?
I, for one, would leave Bitcoins altogether if someone was trying to forceably control the Bitcoin network with > 51% of the hashing power. And I know I'm not the only one...
+1
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