How come you didn't ask for a refund then?

There's no way the diff increase is averaging or going to average 60% a month as their default has it.

How are you getting this free electricity? Business contract? Dorm? Office?

The Avalons and clones will be forced to stop mining long before KNC's machines, as they won't make a return on-top of electricity costs. As for BFL's devices, they're a non-starter entirely All the diff increase we've seen from Avalons coming online, we should figure those will disappear from the network, clones included, soon after KNC ships, so the diff increase should level out for a bit after KNC ships.

They can do a full custom ASIC ala Bitfury for Gen-2, for one thing. THat would be significant performance and efficiency gains. We'll see the end to pricing in gigahash as mining transitions to minimum-1th standards next year.

Lol, and yet Orsoc still has infinity-times more chip designers, since BFL employs -zero-. Orsoc employs at least 4 people who are outright ASIC designers, professionally and full-time.

90 days + 9 so far--not even close to $30

Why not graph it along a set range and then use the area of that graph as the metric.

Hmm, yeah.

50? I should say at least that many for an average sized community or town. Since this idea is designed to encourage as well as facilitate rapid legal evolution and experimentation, I would expect such communities to develop organically into whatever sizes are suitable and seem right to the people involved.

As for what to call them, I've begun calling them 'Tuatha' after the Irish name for independent communities which feature from their legal history as an independent nation.

I think communities would form along the lines of people's highest values in terms of how to live. There may be some who value quiet above all else, and they will form a community which caters to this value. That's virtually impossible in today's world outside being rich. Visitors to such areas would be asked to respect decorum and quiet as a condition of visitation. Since the streets would be privately owned as well, kicking out an offender is really easy compared to living in a modern city, where again, nothing short of being rich or rather well-off will get you a gated community. In a tuath, every community is effectively gated.

You might have a community of people on ketogenic diets, where the only food sold is extremely low-carb. Imagine that.

Naturally there would be communities stratified by age, by interest, party-going college-town type wild places where partying into the night is expected and celebrated and you'd never get the cops called on you.

You'd have large places where people raise families and look out for each others' kids in that way.

The possibilities of how to setup such places are really endless, and that's very exciting to me, to see what people would do with such a place.

Anyway, I've been quietly building a client program to facilitate this, to allow people to serve contracts to others effortlessly, using the web, and I call it "Bitlaw." Uses P2P messaging and decentralization to send out contracts either publicly or privately, allows instant editing of contracts and back-and-forth negotiation of contracts, digital sales receipts, and more.

Law is the last major bastion to escape the impact of the coming digital age. I intend to change all of that with Bitlaw and unleash a revolution of creative legal development.

I think of it as the revenge of individualism. 150 years ago the socialists believed socialism as a principle for ordering society would be an effective way to order economic affairs. They produced communism and it failed spectacularly to produce economic gains over the free market--which was intrinsically individualist.

Now I want to take the next step and introduce political individualism taken to its ultimate extreme--individual sovereignty as a social system.

This has never been tried before. It's going to change everything.

It's completely different from that, actually, even if the result is somewhat similar. Any society is going to have law, I'm proposing a radically different way to generate it.

Each person and property owner has 100% control over their legal circumstances; it is the ultimate form of individualism, each person a sovereign, no one can force anyone to adopt any particular law. That is extreeeeeemely different from the scheme you're living in now, so much as to make how you're living now appear to be at least a partial tyranny by contrast.

That's the big difference. If you don't like the law in such a society as what I propose you don't have to move. You simply toss off the law, remain in place, and propose a new law for yourself, and no one can stop you. Big difference.

Last time I checked my status was "refunded." I suppose I can check again...

Not sure what either of those entities have to do with an Avalon refund--wrong thread? I original paid bitcoin through Bitpay. However it seems Bitpay was not involved in issuing the refund, so we assume they're processing them manually.

They claim full refunds until they ship, so if they do that then they'll have some cancellations for sure. Wait and see. Their UP;OD (under-promise; over-deliver) stance belies such a reading.

Most likely they've already ordered chips and they're being fabbed right now. They already said everything they needed to order has been ordered.

It's likely entire communities would adopt similar contracts, sort of like Blue Sky laws. Thus you'd only need to know what's common in that area and anywhere that points differ could be automatically pointed out for you.

You had me going until just then, lol. Such naivete.

We don't have the numbers in yet to be able to say for sure. But partly Bitfury is doing a full custom ASIC and will likely result in a more efficient chip overall than KNC's, at least for this generation.

Yes, he was, his body is still hanging off a tree outside. He's typing this from the afterlife :|

/s

I'm really surprised I'm the only reported refund. I wonder what could be going on over there. Maybe I was one of the first ones they did.

For btc to hit $10k there would have to be either sustained or immediate high demand. Which means something drastic in the world would have to change that was irreversible.

Btc won't hit $10k any time soon unless the ordinary financial systems continue to stumble. As long as the dollar and other fiats are 'good enough,' people won't feel the need to pay the cost of both learning a new system--a very alien system--and buying into the currency in the first place.

It's crisis that drove the creation of bitcoin and will drive adoption of bitcoin.

So really, all we have to do is wait, because fiat is always headed into crisis continually, and eventually crisis cannot be forestalled anymore.

All fiat currencies historically have eventually inflated to destruction. Don't think the US dollar will be any different. When social security started, something like 20 workers supported one retiree. Now that number is 3 workers to 1 retiree. And now they want to add obamacare to the load.

Because retiree benefits are hard-coded and the value of the dollar is not, the way you circumvent the requirement is to devalue the dollar.

They will borrow to make it happen, and when interest rates come up they'll be paying nearly $1 trillion a year just in debt service. And they'll borrow to pay the debt service. That's unsustainable.

The likely response to such a crisis will be to devalue the dollar further. They will imagine that because they've avoided raging inflation for the last 5 years now that they will always be able to avoid inflation no matter how much money they print. When this illusion comes down on their head then it may be the final crisis for the dollar.

Because when you devalue the dollar you aren't just stealing from American holders of dollars. You're also pissing off China, Japan, and Germany whom hold vast quantities of debt in dollars. And they may at some point decide to dump the dollar as reserve currency.

Oh yes, at some point inflation, and lots of it, is coming to the US, and gold will be largely unavailable, though people will try. Bitcoin will be one of the more available things and probably start to blow up.

If and when we see $10k plus, it'll be around then, when everyone is looking for an inflation hedge and everyone holding bitcoin knows they shouldn't be selling. Then it will take a lot of money to bring out the greed in a bitcoin holder, and then you'll see $10k and mainstream adoption.

It'll be years, but I'm confident we'll see it in our lifetime.

Assuming you can't work out your dispute with the offended party you seek out a dispute resolution service provider--an independent court. This doesn't give them jurisdiction over your "castle," however you'll likely agree to be bound the decision because those who don't will lose their reputation and no one will do business with them anymore.